The present study analyses nine intense geomagnetic storms (∣Dst∣ > 175 nT) with the aid of ACE satellite measurements and ground magnetic field values at Alibag Magnetic Observatory. The study confirms the crucial role of southward IMF in triggering the storm main phase as well as controlling the magnitude of the storm. The main phase interval shows clear dependence on the duration of southward IMF. An attempt is made to identify the multipeak signature in the ring current energy injection rate during main phase of the storm. In order to quantify the energy budget of magnetic storms, the present paper computes the solar wind energies, magnetospheric coupling energies, auroral and Joule heating energies, and the ring current energies for each storm under examination. Computation of the solar wind- magnetosphere coupling function considers the variation of the size of the magnetosphere by using the measured solar wind ram pressure. During the main phase of the storm, the solar wind kinetic energy ranges from 9 ¿ 1017 to 72 ¿ 1017 J with an average of 30 ¿ 1017 J; the total energy dissipated in the auroral ionosphere varies between 2 ¿ 1015 and 9 ¿ 1015 J, whereas ring current energies range from 8 ¿ 1015 to 19 ¿ 1015 J. For the total storm period, about 3.5% of total solar wind kinetic energy is available for the redistribution in the magnetosphere, and around 20% of this goes into the inner magnetosphere and in the auroral ionosphere of both the hemispheres. It is found that during main phase of the storm, almost 5% of the total solar wind kinetic energy is available for the redistribution in the magnetosphere, whereas during the recovery phase the percentage becomes 2.3%.