Hindustan Power Exchange Limited (HPX India) Unlisted Shares

Pre-IPO & unlisted share price, financials, and enquiry

Hindustan Power Exchange Limited (HPX India)

Unlisted

₹26.73

+0%

P/E Ratio

142.11

P/B Ratio

21.77

ROE

15.91%

Mkt Cap

₹1,492 Cr

52W Low ₹2652W High ₹39

Settlement

18 Jun 2026

Min. units

1,000

Price History

▼ ₹53.4 (−67.42%) over all time

Share Price & Details

Key figures for Hindustan Power Exchange Limited (HPX India)

Price: ₹27
Market Cap: ₹1,492 Cr
P/E Ratio: 142.11
P/B Ratio: 21.77
Debt to Equity: 0
ROE (%): 15.91%
Book Value: ₹1.24
Face Value: ₹1
Lot Size: 1,000
Total Shares: 55,25,00,000

About Hindustan Power Exchange Limited (HPX India)

Hindustan Power Exchange (HPX) is a CERC- and SEBI-recognized power exchange enabling trading across day-ahead, term-ahead and other electricity market segments. Promoted by PTC India, BSE and ICICI Bank, HPX offers electronic trading, risk management and clearing connectivity. The exchange focuses on competition, transparent price discovery and robust surveillance, onboarding utilities, generators, traders and open-access consumers to deepen India’s power markets.

Key Highlights

Backed by PTC India, BSE, and ICICI Bank — providing reliability, governance, and capital strength.
Transitioned from losses to profitability in FY24 with improved margins and asset base.
Operates across multiple electricity trading segments, ensuring balanced revenue streams.

Shareholding Pattern

Others45.72%

PTC India Limited22.62%

ICICI Bank Limited9.04%

BSE Investments Limited22.62%

Pros

Backed by PTC India, BSE, and ICICI Bank — providing reliability, governance, and capital strength.
Transitioned from losses to profitability in FY24 with improved margins and asset base.
Operates across multiple electricity trading segments, ensuring balanced revenue streams.

Cons

Revenue depends heavily on trading volumes and energy market activity.
Changes in energy policies or government frameworks may alter business execution.
Continued investment is required to maintain its high-performance trading system.

Analyst Insights

Investment Overview

Hindustan Power Exchange Limited (HPX India) is an unlisted company operating in the this sector sector. Hindustan Power Exchange (HPX) is a CERC- and SEBI-recognized power exchange enabling trading across day-ahead, term-ahead and other electricity market segments. Promoted by PTC India, BSE and ICICI Bank, HPX offers electronic trading, risk management and clearing connectivity. The exchange focuses …

Strengths

Solid Promoter Base: Backed by PTC India, BSE, and ICICI Bank — providing reliability, governance, and capital strength.
Rapid Monetary Growth: Transitioned from losses to profitability in FY24 with improved margins and asset base.
Diverse Business Model: Operates across multiple electricity trading segments, ensuring balanced revenue streams.

Key Risks

Connection on Domain Participation: Revenue depends heavily on trading volumes and energy market activity.
Regulatory Challenges: Changes in energy policies or government frameworks may alter business execution.
Technology and Infrastructure Costs: Continued investment is required to maintain its high-performance trading system.

Valuation View

The current unlisted market price is ₹26.73 per share with a market capitalisation of approximately ₹1492 crore. IPO Status: Unknown. Investors are advised to review the full financial data and consult an advisor before investing.

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Hindustan Power Exchange Limited (HPX India) Unlisted Shares