Power Exchange India Limited (PXIL): Company Overview 🏢
Power Exchange India Limited (PXIL), founded in 2008, is India’s second power exchange following IEX. It operates a fully automated electronic trading platform regulated by the Central Electricity Regulatory Commission (CERC). Backed by institutional promoters including NSE, NCDEX, Power Finance Corporation, JSW, and Tata Power, PXIL facilitates day-ahead, term-ahead, renewable energy certificate trading, ancillary services, and energy analytics for generators and consumers.
Here is your edited article on Power Exchange India Limited (PXIL) in the StartupLanes unlisted share research format, with proper H2 headings and structure:
⚡ Power Exchange India Limited (PXIL): Unlisted Shares Price & Research
🏢 Company Overview: PXIL
Power Exchange India Limited (PXIL), established in 2008, is India’s second operational power exchange after IEX. It offers a fully electronic, automated platform for power trading and is regulated by the Central Electricity Regulatory Commission (CERC).
PXIL is backed by institutional promoters including NSE, NCDEX, Power Finance Corporation, JSW, and Tata Power. The exchange facilitates various market segments including Day-Ahead, Term-Ahead, Renewable Energy Certificates (REC), Ancillary Services, and Energy Analytics for both generators and consumers.
📊 Financial Performance: PXIL FY22–FY24
| Metric | FY22 | FY24 (Est.) |
|---|---|---|
| Revenue | ₹40 crore | ₹63 crore |
| PAT | ₹15.7 crore | ₹22.1 crore |
| EPS | ₹2.7 | ₹3.8 |
| ROE | – | ~24% |
PXIL has maintained a healthy growth trajectory in both revenue and profitability, with efficient operations and strong promoter support.
💰 PXIL Unlisted Share Price & Lot Size
| Quantity (Shares) | Price per Share (₹) | Total Investment (₹) |
|---|---|---|
| 200 | ₹530 | ₹1,06,000 |
| 500 | ₹525 | ₹2,62,500 |
| 1,000 | ₹520 | ₹5,20,000 |
| 2,000 | ₹517 | ₹10,34,000 |
| 3,000 | ₹515 | ₹15,45,000 |
| 5,000 | ₹513 | ₹25,65,000 |
Note: Prices are indicative and may vary based on negotiation and seller platform.
🔍 Why the Price Differential?
- Volume Discounts: Bulk purchases of 1,000+ shares receive reduced per-share pricing.
- Liquidity Premium: Smaller lots trade at slightly higher prices due to demand and quicker transaction cycles.
📈 Investment Insights
- Valuation:
With a price of ₹485/share and EPS of ₹3.8, PXIL is trading at a P/E ratio of ~128×.
Alternative assessments place the effective valuation closer to ~94× on normalized growth. - Peer Comparison:
IEX (India’s only listed power exchange) trades at ~40–50× P/E, suggesting PXIL is priced for higher future growth expectations. - Regulatory Tailwinds:
SEBI’s approval for electricity futures and potential market coupling with IEX are seen as major catalysts for volume expansion in the coming years.
⚠️ Key Risks & Considerations
- Low Liquidity: PXIL is unlisted—buying is easy but exiting quickly may be hard.
- High Valuation: Premium valuation leaves little room for error.
- Lock-In Period: Post-listing, SEBI may impose a 6-month lock-in for pre-IPO shareholders.
- Regulatory Exposure: Any changes in electricity trading rules or CERC directives may impact revenue and margins.
🧠 Why Invest in PXIL Unlisted Shares?
| Feature | Advantage |
|---|---|
| Institutional Promoters | NSE, PFC, Tata Power backing ensures credibility |
| Proven Track Record | Consistent revenue and PAT growth over the past 3 years |
| Niche Market | Power exchange is a regulated, high-entry-barrier business |
| Growth Catalysts | Electricity futures & market-coupling can boost volumes |
| Scalable Model | Asset-light digital exchange model with wide operating leverage |
🧠 StartupLanes Analysis
PXIL sits at the intersection of digital infrastructure and energy transition. With strong parentage, lean operations, and upcoming regulatory boosts, it is positioned to grow alongside India’s evolving power markets.
Its valuation, while rich, reflects limited competition, high entry barriers, and growth potential. For long-term investors who understand regulatory timelines and power-sector dynamics, PXIL may offer meaningful returns post-listing.
🛒 How to Invest in PXIL Unlisted Shares
📑 Required Documents (KYC Process)
- PAN Card (Mandatory)
- Aadhaar Card (mask last 4 digits)
- Bank Statement or Cancelled Cheque
- CML (Client Master List – from your Demat account)
- Nominee details (PAN & Aadhaar)
📤 How to Proceed
- Download your CML from your broker platform
- Email all documents to: ceo.startuplanes@gmail.com
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📌 Conclusion
PXIL is a fundamentally strong and strategically positioned power exchange with backing from India’s top institutions. While unlisted share investing carries its own risks, PXIL’s growth, transparency, and regulatory developments make it a compelling candidate for early-stage equity investors.
Bulk buying offers better pricing and may suit long-term investors awaiting value unlocking at the time of IPO or acquisition.
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