Indian Energy Exchange Ltd

Indian Energy Ex Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indian Energy Exchange Ltd

₹ 177 -0.51%
25 Mar 12:24 p.m.
iexindia.com BSE: 540750 NSE: IEX
About

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]

Key Points

Premier Energy Exchange
The company is India’s premier electricity exchange with an 85% market share as of 9MFY25, offering a nationwide, automated trading platform for the physical delivery of electricity, renewable power, renewable energy certificates, and energy-saving certificates. The exchange platform improves price discovery, market accessibility, and trade efficiency in India's power sector.[1] [2]

Website BSE NSE
  • Market Cap ₹ 15,801 Cr.
  • Current Price ₹ 177
  • High / Low ₹ 244 / 133
  • Stock P/E 39.7
  • Book Value ₹ 11.4
  • Dividend Yield 1.37 %
  • ROCE 50.0 %
  • ROE 37.7 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 40.3%
  • Company has been maintaining a healthy dividend payout of 51.7%

Cons

  • Stock is trading at 15.6 times its book value
  • Debtor days have increased from 50.5 to 70.1 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

Part of BSE 500 BSE SmallCap Nifty Smallcap 100 BSE 250 SmallCap Index Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
114 112 98 95 100 107 104 109 115 121 124 139 131
16 17 17 16 17 14 22 16 15 16 24 19 18
Operating Profit 98 95 81 79 83 93 82 92 100 105 100 120 113
OPM % 86% 85% 82% 83% 83% 87% 78% 85% 87% 86% 81% 86% 86%
12 16 15 19 17 23 23 24 26 28 31 29 29
Interest 0 0 1 1 1 1 1 1 1 1 1 1 1
Depreciation 4 4 4 5 5 5 5 5 5 5 5 5 5
Profit before tax 106 107 91 92 95 110 99 111 120 127 125 143 135
Tax % 25% 24% 25% 24% 25% 25% 25% 25% 25% 25% 25% 26% 24%
80 81 69 70 71 83 74 83 89 95 93 106 103
EPS in Rs 0.89 0.90 0.76 0.78 0.79 0.93 0.83 0.93 1.00 1.07 1.05 1.19 1.16
Raw PDF

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 TTM
138 174 176 170 199 230 254 257 317 426 401 449 515
34 38 41 45 55 46 51 53 58 60 64 71 77
Operating Profit 104 136 136 125 143 185 203 204 259 366 337 379 438
OPM % 75% 78% 77% 74% 72% 80% 80% 80% 82% 86% 84% 84% 85%
-6 0 0 25 34 26 40 40 40 52 73 102 116
Interest 0 0 0 0 0 0 1 2 2 2 2 3 3
Depreciation 6 3 3 3 3 10 10 15 16 16 19 20 21
Profit before tax 93 133 132 147 174 200 232 228 282 400 389 457 530
Tax % 29% 31% 32% 32% 35% 34% 29% 22% 24% 24% 25% 25%
66 92 90 100 114 132 165 178 213 303 293 341 398
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 4.47
Dividend Payout % 8% 9% 88% 72% 113% 50% 0% 42% 56% 59% 30% 65%
Compounded Sales Growth
10 Years: 10%
5 Years: 12%
3 Years: 12%
TTM: 19%
Compounded Profit Growth
10 Years: 14%
5 Years: 16%
3 Years: 16%
TTM: 21%
Stock Price CAGR
10 Years: %
5 Years: 34%
3 Years: -8%
1 Year: 31%
Return on Equity
10 Years: 42%
5 Years: 42%
3 Years: 40%
Last Year: 38%

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 Sep 2024
Equity Capital 27 27 27 29 29 30 30 30 30 90 89 89 89
Reserves 141 223 210 168 248 254 340 360 502 612 695 859 926
3 6 3 2 2 0 0 14 12 10 14 10 8
111 113 166 226 276 291 335 264 384 983 640 791 677
Total Liabilities 282 369 406 424 554 574 706 668 927 1,695 1,439 1,749 1,700
12 10 14 11 8 119 111 119 115 110 110 101 95
CWIP 0 0 0 0 1 1 1 1 6 5 4 3 1
Investments 189 247 254 281 383 268 475 514 710 1,247 1,204 1,310 1,470
81 111 137 131 162 186 118 35 96 333 120 336 133
Total Assets 282 369 406 424 554 574 706 668 927 1,695 1,439 1,749 1,700

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 -536 -498
ROCE % 72% 61% 48% 67% 64% 66% 66% 56% 59% 62% 49% 50%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
27.07% 20.77% 15.79% 15.49% 17.88% 17.28% 14.12% 13.37% 10.89% 11.66% 15.66% 16.24%
19.48% 21.65% 22.39% 21.73% 21.53% 21.11% 22.61% 26.34% 27.24% 31.24% 31.48% 32.78%
53.15% 57.29% 61.54% 62.49% 60.32% 61.33% 62.98% 60.01% 61.57% 56.82% 52.59% 50.72%
0.29% 0.29% 0.27% 0.27% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28%
No. of Shareholders 14,73,38616,44,73417,13,91317,12,82516,30,99116,32,59716,01,51815,18,59715,98,63115,13,30714,72,72714,39,967

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Concalls