Power Exchange India Limited (PXIL) Unlisted Share Price, Review & Investment Insights
22 August 2025 · Sachin Gadekar
Explore Power Exchange India Limited (PXIL) unlisted shares – current price, financials, valuation, and shareholder insights. Learn how to invest in PXIL unlisted shares today.

Introduction
Power Exchange India Limited (PXIL), established in 2008, is India’s first institutionally promoted power exchange. Operating under the regulatory framework of the Central Electricity Regulatory Commission (CERC), PXIL provides a transparent and technology-driven platform for electricity and renewable energy certificate (REC) trading.
With India’s power demand increasing and renewable energy adoption accelerating, PXIL has emerged as a key market player. Investors are increasingly exploring PXIL unlisted shares as a way to tap into India’s growing power trading ecosystem before a possible IPO.
This article covers everything about Power Exchange India Limited unlisted shares — including share price today, financial performance, valuation, shareholders, and investment prospects.
About PXIL
PXIL was launched to bring efficiency and transparency in India’s power market. It provides multiple services and market mechanisms to help power generators, distribution companies, and large consumers trade electricity and certificates seamlessly.
Business Divisions
1. Electricity Trading Platform
Markets include Day-Ahead Market (DAM), Term-Ahead Market (TAM), and Green Markets. 2. Renewable Energy & Efficiency Instruments
Facilitates trading of Renewable Energy Certificates (RECs) and Energy Saving Certificates (ESCerts), essential for meeting RPO (Renewable Purchase Obligation) and PAT (Perform, Achieve & Trade) compliance.
3. Advisory Services
Offers insights, market analytics, compliance assistance, and consulting services for energy participants.
PXIL’s mission is to strengthen India’s electricity trading infrastructure while promoting renewable and sustainable energy practices.
PXIL Financial Performance (P&L Statement)
| Year | Revenue (₹ Cr) | EBITDA (₹ Cr) | PAT (₹ Cr) | EPS (₹) |
|---|---|---|---|---|
| 2022 | 35.22 | 16.84 | 15.76 | 2.70 |
| 2023 | 48.00 | 25.20 | 21.60 | 3.69 |
| 2024 | 54.00 | 24.00 | 22.00 | 3.76 |
PXIL Balance Sheet Summary (₹ Crores)
| Particulars | 2022 | 2023 | 2024 |
|---|---|---|---|
| Total Assets | 205 | 320 | 353 |
| Fixed Assets | 6.63 | 5.2 | 4.0 |
| Investments | 1.0 | 1.2 | 1.6 |
| Reserves | -10 | 20 | 33 |
| Borrowings | 0 | 8 | 15 |
| Liabilities | 190 | 220 | 237.5 |
PXIL Valuation & Key Ratios
| Metric | Value |
|---|---|
| Market Cap | ₹2,426.51 Cr |
| P/E Ratio | 109.79 |
| P/B Ratio | 26.53 |
| ROE | 24% |
| Book Value | ₹15.64 |
| EPS | ₹3.78 |
| Debt to Equity | 0.16 |
Pros & Cons of Investing in PXIL Unlisted Shares
Pros:
CERC regulated, ensuring reliability and transparency.
Diverse product portfolio: electricity, RECs, ESCerts.
Strong profitability with high PAT margins.
Growing renewable energy sector, boosting long-term demand.
Cons:
High liabilities may strain cash flows.
Premium valuation makes entry costly.
EBITDA pressure seen in 2024.
Asset-light model risks could affect long-term infrastructure growth.
FAQs on Power Exchange India Limited Unlisted Share
1. What is the current unlisted share price of PXIL?
The price is around ₹415 per equity share.
2. Can I buy PXIL shares on NSE or BSE?
No, PXIL is not listed yet. You can only buy them in the unlisted market.
3. What is the lot size for PXIL unlisted shares?
The minimum lot size is 100 shares.
4. Is PXIL profitable?
Yes, PXIL has reported strong profitability, with PAT margins above 40%.
5. Why invest in PXIL unlisted shares?
PXIL offers exposure to India’s growing power trading sector, strong ROE, and potential listing benefits in the future.
Conclusion
PXIL is a pioneer in India’s power exchange market with strong fundamentals, high profitability, and a robust regulatory framework. While its unlisted shares are trading at a premium valuation, the growth potential in India’s electricity and renewable energy trading makes it an attractive pre-IPO opportunity.
If you are looking to diversify into emerging energy market opportunities, investing in Power Exchange India Limited unlisted shares through Ultra can be a promising step.
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