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

₹ 163 1.10%
22 Nov - close price
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 ₹ 14,544 Cr.
  • Current Price ₹ 163
  • High / Low ₹ 244 / 129
  • Stock P/E 37.0
  • Book Value ₹ 11.7
  • Dividend Yield 1.53 %
  • ROCE 49.9 %
  • ROE 37.9 %
  • 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 40.8%
  • Company has been maintaining a healthy dividend payout of 55.1%

Cons

  • Stock is trading at 13.9 times its book value
  • Debtor days have increased from 50.2 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 SmallCap Select Index BSE 400 MidSmallCap Index BSE 250 SmallCap Index BSE Allcap BSE Financial Services

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
110 118 112 98 95 100 107 104 109 115 121 124 139
15 19 17 17 16 17 14 22 17 17 17 24 20
Operating Profit 95 99 95 81 79 83 93 82 92 99 105 99 120
OPM % 86% 84% 85% 82% 83% 83% 87% 78% 85% 86% 86% 80% 86%
12 13 24 16 20 23 28 25 28 29 30 34 31
Interest 0 0 0 1 1 1 1 1 1 1 1 1 1
Depreciation 4 4 4 4 5 5 5 5 5 5 5 5 5
Profit before tax 102 107 114 92 94 101 116 101 114 122 129 128 145
Tax % 24% 25% 23% 25% 24% 23% 24% 25% 24% 25% 25% 25% 25%
77 81 88 69 71 77 88 76 86 92 97 96 108
EPS in Rs 0.86 0.89 0.98 0.77 0.79 0.86 0.99 0.85 0.97 1.03 1.08 1.08 1.21
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
254 257 318 431 401 449 500
51 55 67 67 64 72 77
Operating Profit 203 202 251 364 336 377 423
OPM % 80% 79% 79% 84% 84% 84% 85%
40 40 38 61 86 112 125
Interest 1 2 2 2 2 3 3
Depreciation 10 15 17 17 19 20 21
Profit before tax 232 226 270 405 402 466 524
Tax % 29% 22% 24% 24% 24% 25%
165 176 205 309 306 351 393
EPS in Rs 1.81 1.96 2.29 3.44 3.43 3.93 4.40
Dividend Payout % 0% 42% 58% 73% 29% 63%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 12%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 19%
TTM: 20%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: -14%
1 Year: 15%
Return on Equity
10 Years: %
5 Years: 42%
3 Years: 41%
Last Year: 38%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 30 30 30 90 89 89 89
Reserves 340 358 496 614 710 883 955
0 14 12 10 14 10 8
335 265 444 983 640 791 677
Total Liabilities 706 667 982 1,696 1,453 1,774 1,730
111 119 121 110 110 101 97
CWIP 1 4 7 5 4 4 1
Investments 475 509 713 1,248 1,219 1,331 1,498
118 36 141 333 121 337 134
Total Assets 706 667 982 1,696 1,453 1,774 1,730

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 -498
ROCE % 56% 55% 61% 50% 50%

Shareholding Pattern

Numbers in percentages

14 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
31.01% 27.07% 20.77% 15.79% 15.49% 17.88% 17.28% 14.12% 13.37% 10.89% 11.66% 15.66%
17.66% 19.48% 21.65% 22.39% 21.73% 21.53% 21.11% 22.61% 26.34% 27.24% 31.24% 31.48%
51.02% 53.15% 57.29% 61.54% 62.49% 60.32% 61.33% 62.98% 60.01% 61.57% 56.82% 52.59%
0.31% 0.29% 0.29% 0.27% 0.27% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28%
No. of Shareholders 12,19,82314,73,38616,44,73417,13,91317,12,82516,30,99116,32,59716,01,51815,18,59715,98,63115,13,30714,72,727

* 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