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

₹ 185 0.13%
03 Jul 4:10 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

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.

Website BSE NSE
  • Market Cap ₹ 16,527 Cr.
  • Current Price ₹ 185
  • High / Low ₹ 191 / 119
  • Stock P/E 47.1
  • Book Value ₹ 10.9
  • Dividend Yield 1.35 %
  • ROCE 52.2 %
  • ROE 39.6 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 18.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 41.5%
  • Company has been maintaining a healthy dividend payout of 42.4%

Cons

  • Stock is trading at 17.0 times its book value
  • Debtor days have increased from 50.2 to 70.1 days.
  • Working capital days have increased from -352 days to 203 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
94 91 110 118 112 98 95 100 107 104 109 115 121
16 16 15 19 17 17 16 17 14 22 17 17 17
Operating Profit 77 75 95 99 95 81 79 83 93 82 92 99 105
OPM % 83% 82% 86% 84% 85% 82% 83% 83% 87% 78% 85% 86% 86%
7 12 12 13 24 16 20 23 28 25 28 29 30
Interest 0 1 0 0 0 1 1 1 1 1 1 1 1
Depreciation 4 4 4 4 4 4 5 5 5 5 5 5 5
Profit before tax 80 82 102 107 114 92 94 101 116 101 114 122 129
Tax % 24% 24% 24% 25% 23% 25% 24% 23% 24% 25% 24% 25% 25%
61 62 77 81 88 69 71 77 88 76 86 92 97
EPS in Rs 0.68 0.70 0.86 0.89 0.98 0.77 0.79 0.86 0.99 0.85 0.97 1.03 1.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
254 257 318 431 401 449
51 55 67 67 64 72
Operating Profit 203 202 251 364 336 377
OPM % 80% 79% 79% 84% 84% 84%
40 40 38 61 86 113
Interest 1 2 2 2 2 3
Depreciation 10 15 17 17 19 20
Profit before tax 232 226 270 405 402 466
Tax % 29% 22% 24% 24% 24% 25%
165 176 205 309 306 351
EPS in Rs 1.81 1.96 2.29 3.44 3.43 3.93
Dividend Payout % 0% 42% 58% 73% 29% 25%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 12%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 21%
TTM: 21%
Stock Price CAGR
10 Years: %
5 Years: 32%
3 Years: 13%
1 Year: 49%
Return on Equity
10 Years: %
5 Years: 42%
3 Years: 42%
Last Year: 40%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 30 30 30 90 89 89
Reserves 340 358 496 614 710 883
0 14 12 10 14 10
335 265 444 983 640 791
Total Liabilities 706 667 982 1,696 1,453 1,774
111 119 121 110 110 105
CWIP 1 4 7 5 4 0
Investments 475 509 713 1,248 1,219 1,331
118 36 141 333 121 337
Total Assets 706 667 982 1,696 1,453 1,774

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
138 126 306 762 -23 298
-62 -3 -196 -448 70 -24
-78 -161 -77 -136 -215 -183
Net Cash Flow -2 -38 33 178 -167 91

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 66 0 4 74 6 70
Inventory Days
Days Payable
Cash Conversion Cycle 66 0 4 74 6 70
Working Capital Days -371 -324 -400 -722 -536 203
ROCE % 56% 55% 61% 50%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
36.66% 37.74% 31.01% 27.07% 20.77% 15.79% 15.49% 17.88% 17.28% 14.12% 13.37% 10.89%
25.47% 23.13% 17.66% 19.48% 21.65% 22.39% 21.73% 21.53% 21.11% 22.61% 26.34% 27.24%
37.53% 38.81% 51.02% 53.15% 57.29% 61.54% 62.49% 60.32% 61.33% 62.98% 60.01% 61.57%
0.33% 0.31% 0.31% 0.29% 0.29% 0.27% 0.27% 0.28% 0.28% 0.28% 0.28% 0.28%
No. of Shareholders 2,72,9404,06,21412,19,82314,73,38616,44,73417,13,91317,12,82516,30,99116,32,59716,01,51815,18,59715,98,631

* 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