Indian Energy Exchange Ltd
Incorporated in 2007, Indian Energy Exchange Ltd provides an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity[1]
- Market Cap ₹ 16,501 Cr.
- Current Price ₹ 185
- High / Low ₹ 191 / 119
- Stock P/E 48.3
- Book Value ₹ 10.6
- Dividend Yield 1.33 %
- ROCE %
- ROE 39.4 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 41.7%
- Company has been maintaining a healthy dividend payout of 38.6%
Cons
- Stock is trading at 17.5 times its book value
- Debtor days have increased from 50.5 to 70.1 days.
- Working capital days have increased from -147 days to 202 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Financial Services Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
138 | 174 | 176 | 170 | 199 | 230 | 254 | 257 | 317 | 426 | 401 | 449 | |
34 | 38 | 41 | 45 | 55 | 46 | 51 | 53 | 58 | 60 | 64 | 71 | |
Operating Profit | 104 | 136 | 136 | 125 | 143 | 185 | 203 | 204 | 259 | 366 | 336 | 378 |
OPM % | 75% | 78% | 77% | 74% | 72% | 80% | 80% | 80% | 82% | 86% | 84% | 84% |
-6 | 0 | 0 | 25 | 34 | 26 | 40 | 40 | 40 | 52 | 73 | 102 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 3 |
Depreciation | 6 | 3 | 3 | 3 | 3 | 10 | 10 | 15 | 16 | 16 | 19 | 20 |
Profit before tax | 93 | 133 | 132 | 147 | 174 | 200 | 232 | 228 | 282 | 400 | 389 | 457 |
Tax % | 29% | 31% | 32% | 32% | 35% | 34% | 29% | 22% | 24% | 24% | 25% | 25% |
66 | 92 | 90 | 100 | 114 | 132 | 165 | 178 | 213 | 303 | 293 | 341 | |
EPS in Rs | 0.81 | 1.12 | 1.10 | 1.16 | 1.31 | 1.45 | 1.81 | 1.98 | 2.38 | 3.37 | 3.28 | 3.83 |
Dividend Payout % | 8% | 9% | 88% | 72% | 113% | 50% | 0% | 42% | 56% | 59% | 30% | 26% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 12% |
3 Years: | 12% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 17% |
3 Years: | 18% |
TTM: | 17% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 32% |
3 Years: | 13% |
1 Year: | 48% |
Return on Equity | |
---|---|
10 Years: | 43% |
5 Years: | 43% |
3 Years: | 42% |
Last Year: | 39% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 27 | 27 | 27 | 29 | 29 | 30 | 30 | 30 | 30 | 90 | 89 | 89 |
Reserves | 141 | 223 | 210 | 168 | 248 | 254 | 340 | 360 | 502 | 612 | 695 | 859 |
Preference Capital | 3 | 3 | 3 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | ||
0 | 3 | 0 | 0 | 0 | 0 | 0 | 14 | 12 | 10 | 14 | 10 | |
114 | 116 | 169 | 227 | 277 | 291 | 335 | 264 | 384 | 983 | 640 | 791 | |
Total Liabilities | 282 | 369 | 406 | 424 | 554 | 574 | 706 | 668 | 927 | 1,695 | 1,439 | 1,749 |
12 | 10 | 14 | 11 | 8 | 119 | 111 | 119 | 115 | 110 | 112 | 104 | |
CWIP | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 6 | 5 | 2 | 0 |
Investments | 189 | 247 | 254 | 281 | 383 | 268 | 475 | 514 | 710 | 1,247 | 1,204 | 1,310 |
81 | 111 | 137 | 131 | 162 | 186 | 118 | 35 | 96 | 333 | 120 | 336 | |
Total Assets | 282 | 369 | 406 | 424 | 554 | 574 | 706 | 668 | 927 | 1,695 | 1,439 | 1,749 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
76 | 76 | 92 | 89 | 206 | 131 | 138 | 128 | 304 | 788 | -22 | 300 | |
-69 | -90 | 24 | -23 | -21 | -33 | -62 | -5 | -194 | -473 | 70 | -26 | |
-7 | -8 | -106 | -70 | -109 | -126 | -78 | -161 | -77 | -136 | -215 | -183 | |
Net Cash Flow | -0 | -22 | 10 | -4 | 76 | -29 | -2 | -38 | 33 | 179 | -167 | 91 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 1 | 1 | 1 | 2 | 0 | 0 | 66 | 0 | 4 | 75 | 6 | 70 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 1 | 1 | 1 | 2 | 0 | 0 | 66 | 0 | 4 | 75 | 6 | 70 |
Working Capital Days | -208 | -191 | -335 | -384 | -494 | -322 | -371 | -323 | -386 | -732 | 87 | 202 |
ROCE % | 72% | 61% | 48% | 67% | 64% | 66% | 66% | 56% | 59% | 62% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
18h - IEX Power Market Update, June 2024.
- Closure of Trading Window 24 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
21 Jun - Schedule of Investor Meeting as on June 21, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 Jun - Schedule of Investor Meeting as on June 18, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 Jun - Schedule of Investor Meeting as on June 14, 2024.
Annual reports
Concalls
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Business Overview[1][2]
Company is the 1st Power Exchange-licensed
by the Central Electricity Regulatory Commission (‘CERC’) for spot trading in electricity and trading of Renewal Energy Certificates (REC) and ESCerts. The exchange platform enables efficient price discovery and increases the accessibility and transparency of the power market in India while also enhancing the speed and efficiency of trade execution.