Hindustan Power Exchange Ltd (HPX)
| Market Cap | ₹267Cr. | Stock P/E | 91.5 |
| Current Price | ₹27 | Book Value | ₹0.5 |
| Lot Size | 100 | 52W Low | ₹ |
| 52W High | ₹ | Demat Account | NSDL\CDSL |
| EPS | 0.05 | ISIN | INE678L01012 |
| Debt to Equity | 0 | Valuation | ⭐⭐⭐⭐ |
| Face Value | 5 | No. of Shares | 53.35 |
Description
| Buy Price | Minimum Quantity | Amount |
|---|---|---|
| ₹15 | 1000 | ₹ 15,000 |
| Sell Price | Minimum Quantity | Amount |
|---|---|---|
| ₹27 | 1000 | ₹ 27,000 |
Company Overview:
COMPANY OVERVIEW
Hindustan Power Exchange Ltd (HPX)
- Sector: Power Market Infrastructure
- Promoters:
- PTC India Ltd
- BSE Ltd
- ICICI Bank Ltd
- Started: 2022
- Business:
- Electricity trading platform
- Day-Ahead, Real-Time, Green Power markets
Type: Exchange business (similar to stock exchanges like NSE/IEX)
Announcement and News
CERC proposes Grid India as market coupling operator
Grid India will be responsible for aggregating bids for each market segment received across all Power Exchanges and ensuring an efficient price discovery
New Delhi: Power regulator CERC has proposed that Grid Controller of India Ltd (Grid India) function as market coupling operator (MCO), in a bid to establish uniform price discovery across all power exchanges.
As a Market Coupling Operator, Grid India will be responsible for aggregating bids for each market segment received across all Power Exchanges and ensuring an efficient price discovery.
CERC brought out the draft Central Electricity Regulatory Commission (Power Market) (Second Amendment) Regulations, 2026, earlier this month.
For the implementation of Market Coupling, Grid India will form a separate cell for discharging the functions of MCO.
Market Coupling shall apply to the Day-Ahead Market (DAM), Real-Time Market (RTM) and other market segments, as proposed in the draft.
It proposed that all power Exchanges shall collect bids in a uniform bid format from market participants in accordance with the procedure and format stipulated in the Power Market Coupling Procedure (PMCP).
It provides that all anonymous and validated bids (both buy and sell bids) shall then be transmitted from Power Exchanges to the MCO through a secured channel as per the timelines stipulated in the Power Market Coupling Procedure (PMCP).
According to the draft regulations, the price discovery mechanism shall adopt the principle of maximisation of economic surplus (sum of buyer surplus and seller surplus), taking into account all bid types.
The price discovered for the unconstrained market shall be a uniform market-clearing price for all buyers and sellers who are cleared, provided that, in case of congestion in the transmission corridor, market splitting shall be adopted, it is suggested.
CERC approved market coupling in July 2025.
Financial Data (IN CR.)
| YEAR | 2026 | 2025 | 2024 |
|---|---|---|---|
| NET SALES | 110–130 | 75–95 | 1.2 |
| TOTAL INCOME | 120–140 | 80–100 | 2.1 |
| NET PROFIT | 35–45 | 20–30 | -21.7 |
| SHAREHOLDERS FUND | 220–260 | 180–220 | 82.3 |
| TOTAL ASSETS | 260–300 | 210–250 | 144.7 |
| EPS | 3.5 – 4.5 | 2 – 3 | -0.41 |
Financial Docs
| Type | Period/Date | Document |
|---|---|---|
| Annual Report | NA | |
| Annual Report | NA | Download |
| Annual Report | NA | Download |
| Annual Report | NA | Download |
Profit and Loss (IN CR.)
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Net Sales | 17.3 | 43.6 | 40.4 |
| Other Income | 0.1 | 0.1 | 0.2 |
| Total Income | 17.4 | 43.6 | 40.600 |
| Operating Profit | -4.2 | 21.8 | 17 |
| Interest | 0.1 | 0.2 | 0.3 |
| Depreciation | 5.8 | 4.9 | 3.3 |
| Total Expenditure | 27.4 | 26.9 | 27.2 |
| Exceptional Income | 0 | 0 | 0 |
| PBT | -10 | 16.7 | 13.4 |
| TAX | 0 | 1.8 | 2.7 |
| PAT | -10 | 14.9 | 10.7 |
Balance Sheet (IN Cr.)
| Mar 2025 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Share Capital | |||
| Reserves | |||
| Borrowings | |||
| Other Liabilities | |||
| Total Liabilities | |||
| Fixed Assets | |||
| CWIP | |||
| Investments | |||
| Other Assets | |||
| Total Assets | 145 | 85 | 79 |
Shareholding Pattern
| Mar 2025 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| PTC India Limited | 22.62% | 16.33% | 16.33% |
| BSE Investments Limited | 11.05% | 11.05% | 11.05% |
| Deputy Director (PMLA) | 9.04% | 9.04% | 9.04% |
| MMTC Limited | 6.00% | 6.00% | 6.00% |
| Others | 54.11% | 57.58% | 57.58% |