Power Exchange India Unlisted Shares (Only NSDL)
Power Exchange India Ltd. (PXIL)-Only NSDL
INE03N601010
Incorporation Date: 20-Feb-2008
Listing Status: DRHP Not Filed
Not Listed
About Power Exchange India Unlisted Shares (Only NSDL)
Overview of Power Exchange India Unlisted Shares (Only NSDL)
Power Exchange India Limited (PXIL)
About Company
Power Exchange India Limited (PXIL) is an Indian electronic power exchange established on 20 February 2008. It was created to provide a transparent, technology-driven marketplace where electricity buyers and sellers can trade power through an organised exchange mechanism.
PXIL enables electricity generators, distribution companies (DISCOMs), power traders and eligible industrial consumers to participate in short-term electricity markets. Rather than generating or supplying electricity itself, the company operates the trading platform that facilitates transactions, price discovery, scheduling and settlement under applicable market regulations.
PXIL was promoted by the National Stock Exchange of India Limited (NSE) and the National Commodity & Derivatives Exchange Limited (NCDEX), with participation from other institutions and energy-sector stakeholders. Its business supports the development of India's organised electricity market and renewable energy certificate trading ecosystem.
Introduction & Infrastructure
PXIL operates a nationwide electronic trading platform designed to facilitate electricity transactions and energy-certificate trading. Its infrastructure connects eligible market participants through digital systems for bidding, matching, price discovery and transaction processing.
The company is headquartered in Mumbai, Maharashtra, and operates within India's regulated electricity-market framework.
Key infrastructure and operational capabilities include:
Nationwide electronic power trading platform.
Digital bidding and order-matching systems.
Market price discovery and transaction processing.
Coordination with relevant power-system and market institutions for scheduling and transmission-related processes.
Systems supporting transaction settlement and market operations.
Trading facilities for renewable energy and energy-efficiency certificates.
Technology infrastructure supporting exchange operations, market monitoring and participant access.
Business Model & Operational Verticals
PXIL follows an electronic exchange and transaction-fee-based business model. It earns revenue by facilitating electricity and certificate transactions between registered market participants.
Key Business Verticals
Day-Ahead Market (DAM)
Enables buyers and sellers to trade electricity for delivery on the following day.
Supports competitive bidding and market-based electricity price discovery.
Helps distribution companies and other eligible buyers manage short-term power requirements.
Real-Time Market (RTM)
Facilitates electricity trading close to the time of delivery.
Helps participants manage changes in demand, generation and power availability.
Supports balancing of short-term electricity requirements.
Term-Ahead Market (TAM)
Provides contracts for electricity delivery over specified future periods.
Includes products such as weekly, day-ahead contingency, intra-day and any-day contracts.
Offers flexibility to market participants managing near-term procurement and supply.
Green Term-Ahead Market (GTAM)
Facilitates trading of eligible renewable electricity.
Enables market participants to procure renewable power through exchange-based transactions.
Supports renewable energy procurement and market participation.
Renewable Energy Certificates (RECs)
Provides a platform for trading Renewable Energy Certificates.
Enables eligible entities to buy and sell certificates under applicable regulations.
Supports renewable energy compliance and certificate-based market participation.
Energy Saving Certificates (ESCerts)
Facilitates trading of Energy Saving Certificates under the applicable energy-efficiency framework.
Supports entities participating in recognised energy-saving mechanisms.
Management Details
PXIL operates under a professional governance structure with board-level representation and management expertise spanning electricity markets, financial exchanges, technology and energy-sector operations.
Its institutional shareholder ecosystem includes organisations associated with financial markets, power financing, electricity distribution and energy generation.
The company's management is responsible for exchange operations, technology infrastructure, regulatory compliance, market development, participant relationships, risk management and operational continuity.
Key Product & Service Portfolio
| Product / Service | Purpose & Applications |
|---|---|
| Day-Ahead Market | Trading electricity for delivery on the following day |
| Real-Time Market | Trading electricity close to the time of physical delivery |
| Day-Ahead Contingency Contracts | Short-term electricity procurement for eligible contingency requirements |
| Intra-Day Contracts | Trading electricity for delivery within the relevant day |
| Any-Day Contracts | Flexible short-term contracts for specified delivery periods |
| Weekly Contracts | Electricity trading for eligible weekly delivery periods |
| Green Term-Ahead Market | Exchange-based trading of eligible renewable electricity |
| Renewable Energy Certificates | Trading certificates associated with renewable energy compliance |
| Energy Saving Certificates | Trading certificates associated with recognised energy-efficiency mechanisms |
| Electronic Trading Platform | Digital access for bidding, transaction matching and market participation |
Technology & Market Infrastructure
PXIL's core capability lies in operating a regulated electronic marketplace rather than owning physical power-generation assets. Its technology infrastructure supports transactions between electricity buyers and sellers while providing a structured mechanism for price discovery.
Key capabilities include:
Electronic bidding and order matching.
Market-based electricity price discovery.
Transaction processing and trade records.
Market monitoring and operational controls.
Participant connectivity and access management.
Trading systems for electricity and environmental certificates.
Coordination with relevant market institutions for delivery and settlement processes.
Technology systems designed to support transparent and orderly exchange operations.
The platform's role is to make electricity trading more organised, accessible and transparent for eligible market participants.
Promoters & Institutional Ecosystem
PXIL was promoted by the National Stock Exchange of India Limited (NSE) and the National Commodity & Derivatives Exchange Limited (NCDEX). Its wider shareholder ecosystem has included power-sector institutions, electricity utilities and energy companies.
Key institutional stakeholders associated with PXIL include:
National Stock Exchange of India Limited.
National Commodity & Derivatives Exchange Limited.
Power Finance Corporation Limited.
Gujarat Urja Vikas Nigam Limited.
West Bengal State Electricity Distribution Company Limited.
Madhya Pradesh Power Trading Company Limited.
Tata Power Trading Company Limited.
JSW Energy Limited.
GMR Energy Limited.
The combination of financial-market and energy-sector participants supports PXIL's institutional foundation and understanding of electricity-market requirements.
Customer & Industry Ecosystem
PXIL serves participants across India's electricity generation, distribution and consumption ecosystem.
Its key market participants include:
Electricity distribution companies (DISCOMs).
Power generation companies.
Independent power producers.
Power trading companies.
Eligible industrial and commercial electricity consumers.
Renewable energy producers and market participants.
Entities participating in Renewable Energy Certificate trading.
Eligible participants in Energy Saving Certificate markets.
The platform enables these participants to manage short-term power requirements, sell available electricity, access market-based prices and participate in recognised certificate-trading mechanisms.
Key Business Highlights
Established on 20 February 2008 as an institutionally promoted power exchange.
Promoted by NSE and NCDEX.
Operates a nationwide electronic marketplace for electricity trading.
Facilitates day-ahead, real-time and term-ahead electricity contracts.
Supports renewable electricity trading through the Green Term-Ahead Market.
Provides a trading platform for Renewable Energy Certificates and Energy Saving Certificates.
Generates revenue primarily by facilitating exchange transactions and related participant services.
Operates within India's regulated electricity-market framework.
Connects electricity generators, distribution utilities, traders and eligible consumers through a common digital platform.
Positioned within India's evolving electricity-market infrastructure, supporting transparent price discovery and organised short-term power trading.
Insights of Power Exchange India Unlisted Shares (Only NSDL)
Power Exchange India Ltd. (PXIL)
1. Financial Highlights
| Particulars (₹ Cr) | FY25 | FY26 | YoY Change |
|---|---|---|---|
| Net Revenue | 77.08 | 86.38 | +12.1% |
| Total Operating Cost | 43.10 | 46.77 | +8.5% |
| Operating Profit (EBITDA) | 33.97 | 39.61 | +16.6% |
| Other Income | 15.87 | 14.07 | -11.3% |
| Depreciation | 2.81 | 3.03 | +7.8% |
| Finance Costs | 0.73 | 0.86 | +17.8% |
| Profit Before Tax (PBT) | 46.30 | 49.79 | +7.5% |
| Profit After Tax (PAT) | 34.54 | 37.05 | +7.3% |
2. What the Numbers Tell Us
Revenue growth remained steady.
Power Exchange India Ltd. (PXIL) reported revenue of ₹86.38 Cr in FY26, compared with ₹77.08 Cr in FY25, representing growth of 12.1%. This indicates an increase in reported business revenue over the year.
Operating profitability improved faster than revenue.
EBITDA increased by 16.6% to ₹39.61 Cr, while operating costs grew by only 8.5%. As a result, the EBITDA margin improved from approximately 44.1% in FY25 to 45.9% in FY26.
This suggests the company generated more operating profit for every rupee of revenue, reflecting improved operating leverage in the reported figures.
Other income declined.
Other income decreased by 11.3%, from ₹15.87 Cr to ₹14.07 Cr. Despite this decline, PBT still increased because operating profit improved sufficiently to offset the reduction in other income.
Net profit increased moderately.
PBT rose by 7.5% to ₹49.79 Cr, while PAT grew by 7.3% to ₹37.05 Cr. Profit growth was slower than EBITDA growth, partly reflecting lower other income and increases in depreciation and finance costs.
3. Key Financial Observations
Healthy revenue growth
Revenue increased 12.1% year-on-year, indicating continued growth in the company's reported operating activity.
Improving operating efficiency
EBITDA grew faster than revenue, and the margin improved by approximately 1.8 percentage points. Lower growth in operating costs supported this improvement.
Earnings growth remains moderate
PAT grew 7.3%, below EBITDA growth. The decline in other income helps explain why the improvement in operating profit did not translate into equally strong net-profit growth.
4. Key Takeaways
Revenue: Increased 12.1% to ₹86.38 Cr.
EBITDA: Rose 16.6% to ₹39.61 Cr.
EBITDA margin: Improved from 44.1% to 45.9%.
PBT: Increased 7.5% to ₹49.79 Cr.
PAT: Grew 7.3% to ₹37.05 Cr.
Other income: Declined 11.3%, partially limiting overall profit growth.
What investors should monitor: Revenue growth, operating margins, transaction volumes, exchange participation and the sustainability of other income.
Financial Charts of Power Exchange India Unlisted Shares (Only NSDL)
Balance Sheet of Power Exchange India Unlisted Shares (Only NSDL)
Profit and Loss of Power Exchange India Unlisted Shares (Only NSDL)
Ancillary of Power Exchange India Unlisted Shares (Only NSDL)
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Power Exchange India Unlisted Shares (Only NSDL)
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How to buy Power Exchange India Ltd. (PXIL)?
Below are three ways through which you can purchase Power Exchange India Ltd. (PXIL):
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Power Exchange India Ltd. (PXIL), please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Power Exchange India Ltd. (PXIL)?
Below are three ways through which you can sell Power Exchange India Ltd. (PXIL):
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Power Exchange India Ltd. (PXIL), please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Power Exchange India Ltd. (PXIL)?
We provide a two way quote on all the shares we deal in. Your buy price for Power Exchange India Ltd. (PXIL) is ₹515 and your sell price for Power Exchange India Ltd. (PXIL) is ₹470. The price is based on our estimates and market conditions.
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What is the lock-in period of Power Exchange India Ltd. (PXIL)?
The lock-in period for Power Exchange India Ltd. (PXIL) varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Power Exchange India Ltd. (PXIL)
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Power Exchange India Ltd. (PXIL)
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Power Exchange India Ltd. (PXIL) price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Power Exchange India Ltd. (PXIL). The price is also determined from the most recent funding round for Power Exchange India Ltd. (PXIL). This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Power Exchange India Ltd. (PXIL)?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Power Exchange India Ltd. (PXIL) with us kindly click here.
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What are the financials of Power Exchange India Ltd. (PXIL)?
The financials of Power Exchange India Ltd. (PXIL) which includes the P/L of Power Exchange India Ltd. (PXIL) and the Balance Sheet of Power Exchange India Ltd. (PXIL) is in the financials section (Click on link).
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Where can I find the annual report of Power Exchange India Ltd. (PXIL)?
The annual report of Power Exchange India Ltd. (PXIL) is available in the annual report section (Click on link).
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Is buying Power Exchange India Ltd. (PXIL) legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Power Exchange India Ltd. (PXIL)?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Power Exchange India Ltd. (PXIL) and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Power Exchange India Ltd. (PXIL) once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Power Exchange India Ltd. (PXIL)?
At Altius Investech, our approach to sourcing Power Exchange India Ltd. (PXIL) unlisted shares involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Power Exchange India Ltd. (PXIL) unlisted shares. This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Power Exchange India Ltd. (PXIL) from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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