Hindustan Power Exchange Limited (HPX)
- Unlisted share
- Energy & Power
- ISIN INE07WD01012
At a glance
Sales
FY24
₹36.46 Cr
+135%on FY23What the company earned from its customers in the year.
Profit
FY24
₹14.93 Cr
What was left after every cost and tax was paid.
Market valuecalculated
₹1,264 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY24
₹56.57 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Hindustan Power Exchange Limited (HPX)
- ISIN
- INE07WD01012
- Sector
- Energy & Power
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹22.87
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Hindustan Power Exchange Limited (HPX)
Hindustan Power Exchange runs an electronic exchange on which power generators, distribution utilities and traders buy and sell electricity and related products such as renewable energy certificates; it began trading in 2022. It is promoted by PTC India, the BSE group and ICICI Bank, which together hold about 54%, with other power-sector companies and individual investors holding the rest.
Written from: hpxindia.com, hpxindia.com, hpxindia.com
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Energy & Power
- ISIN
- INE07WD01012
- Year of incorporation
- 2018
- Headquarters
- Registered office: Mumbai, Maharashtra; corporate office: Noida, Uttar Pradesh
- Promoters
- PTC India Limited, BSE group (BSE Investments Limited per the annual report; the website names BSE Technologies Private Limited) and ICICI Bank Limited
- 6th Annual Report 2023-24 (company website)
- Key people
- Managing Director: Mr. Harish Saran; CFO: Amit Ghai; Company Secretary: Rishi Vashisth
- Face value per share
- ₹1
- Equity shares outstanding
- 55,25,00,000 shares
- CIN
- U74999MH2018PLC308448
- Website
- hpxindia.com
Read from: Draft Annual Return (Form MGT-7) FY 2025-26 (company website), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
84.7×
At this price you pay ₹84.7 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
22.34×
At this price you pay ₹22.34 for every ₹1 of net worth on the company's books.
Profit margincalculated
40.9%
Out of every ₹100 of sales, ₹40.9 was left as profit.
Return on equitycalculated
26.4%
For every ₹100 of the owners' money, the company made ₹26.4 of profit in the year.
- Indicative price
- ₹22.87
- Market valuecalculated
- ₹1,264 Cr
- price × shares
- No. of shares
- 55,25,00,000
- EPS
- ₹0.27
- Book value per share
- ₹1.02
- Face value
- ₹1
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2023-24. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Hindustan Power Exchange Limited (formerly Pranurja Solutions Limited). As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY22 to FY24: ₹0 Cr to ₹36.46 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY22 to FY24: ₹-3.08 Cr to ₹14.93 Cr.
| Particulars | FY22 | FY23 | FY24Latest |
|---|---|---|---|
| Revenue from operations | 0 | 15.51 | 36.46▲135% |
| Other income | 0 | 0.1 | 0.06▼40% |
| Total revenue | 2.33 | 17.44 | 43.63▲150% |
| Depreciation and amortisation expense | 0.35 | 5.77 | 4.9▼15% |
| Finance cost | n/a | 0.08 | 0.2▲150% |
| Loss before tax | -3.08 | -10.01 | 16.73▲267% |
| Loss for the year | -3.08 | -10.01 | 14.93▲249% |
| Earnings per equity share (basic and diluted) (₹) | -0.06 | -0.18 | 0.27▲249% |
| Investment income | 2.33 | 1.83 | 7.12▲289% |
Rupees crore unless marked, standalone. The change shown is the latest year against the year before. Read from: Annual Report FY 2022-23 (company website), 6th Annual Report 2023-24 (company website).
Ownership
Shareholding pattern
Who owns the company
- Promoters (total)54.29%
- Promoters: bodies corporate45.25%
- Public: bodies corporate22.67%
- Public: resident individuals / HUF12.26%
- Public: government companies9.50%
- Promoters: banks9.04%
- Public: non-resident Indians1.28%
- Total154.29%
Read from: Draft Annual Return (Form MGT-7) FY 2025-26 (company website)
Leadership
Management
Mr. Harish Saran
Managing Director
Amit Ghai
CFO
Mr. Sunil Kumar Rathi
Nominee Director (ICICI Bank)
Mr. Deepak Goel
Nominee Director (BSE)
Mr. Bikram Singh Guram
Nominee Director (PTC India)
Mr. Niraj Nabh Kumar
Independent Director
Mr. Sreekant Kandikuppa
Independent Director
Rishi Vashisth
Company Secretary
Read from: Company website, Draft Annual Return (Form MGT-7) FY 2025-26 (company website)
Corporate calendar
Events
- 5 Feb 2026EGMExtraordinary general meeting held (534 members entitled to attend)Open
- 29 Sept 2025AGMAnnual general meeting for FY2024-25 heldOpen
- 9 Jun 2025Management changeHarish Saran appointed Managing DirectorOpen
- 4 Jun 2025Management changeAmit Ghai appointed CFOOpen
- 2 Jun 2025EGMExtraordinary general meeting heldOpen
- 25 Sept 2024AGM6th annual general meeting held; change of statutory auditor to DMKH & Co. proposedOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Hindustan Power Exchange Limited (HPX) on WhatsAppIs the price shown for Hindustan Power Exchange Limited (HPX) final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Hindustan Power Exchange Limited (HPX) shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Hindustan Power Exchange Limited (HPX) shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Hindustan Power Exchange Limited (HPX). Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.