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 ₹ 16,975 Cr.
- Current Price ₹ 190
- High / Low ₹ 244 / 134
- Stock P/E 40.9
- Book Value ₹ 12.3
- Dividend Yield 1.58 %
- ROCE 53.6 %
- ROE 40.5 %
- 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 38.7%
Cons
- Stock is trading at 15.5 times its book value
- Working capital days have increased from -239 days to 318 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 Allcap BSE 500 Nifty Dividend Opportunities 50 Nifty 500 BSE SmallCap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
174 | 176 | 170 | 199 | 230 | 254 | 257 | 317 | 426 | 401 | 449 | 535 | |
38 | 41 | 45 | 55 | 46 | 51 | 53 | 58 | 60 | 64 | 71 | 80 | |
Operating Profit | 136 | 136 | 125 | 143 | 185 | 203 | 204 | 259 | 366 | 337 | 379 | 455 |
OPM % | 78% | 77% | 74% | 72% | 80% | 80% | 80% | 82% | 86% | 84% | 84% | 85% |
0 | 0 | 25 | 34 | 26 | 40 | 40 | 40 | 52 | 73 | 102 | 119 | |
Interest | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 3 | 3 |
Depreciation | 3 | 3 | 3 | 3 | 10 | 10 | 15 | 16 | 16 | 19 | 20 | 21 |
Profit before tax | 133 | 132 | 147 | 174 | 200 | 232 | 228 | 282 | 400 | 389 | 457 | 550 |
Tax % | 31% | 32% | 32% | 35% | 34% | 29% | 22% | 24% | 24% | 25% | 25% | 25% |
92 | 90 | 100 | 114 | 132 | 165 | 178 | 213 | 303 | 293 | 341 | 415 | |
EPS in Rs | 1.12 | 1.10 | 1.16 | 1.31 | 1.45 | 1.81 | 1.98 | 2.38 | 3.37 | 3.28 | 3.83 | 4.65 |
Dividend Payout % | 9% | 88% | 72% | 113% | 50% | 0% | 42% | 56% | 59% | 30% | 65% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 16% |
3 Years: | 8% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 20% |
3 Years: | 12% |
TTM: | 27% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | -4% |
1 Year: | 22% |
Return on Equity | |
---|---|
10 Years: | 42% |
5 Years: | 41% |
3 Years: | 39% |
Last Year: | 41% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 27 | 27 | 29 | 29 | 30 | 30 | 30 | 30 | 90 | 89 | 89 | 89 |
Reserves | 223 | 210 | 168 | 248 | 254 | 340 | 360 | 502 | 612 | 695 | 859 | 1,009 |
6 | 3 | 2 | 2 | 0 | 0 | 14 | 12 | 10 | 14 | 10 | 6 | |
113 | 166 | 226 | 276 | 291 | 335 | 264 | 384 | 983 | 640 | 791 | 1,053 | |
Total Liabilities | 369 | 406 | 424 | 554 | 574 | 706 | 668 | 927 | 1,695 | 1,439 | 1,749 | 2,157 |
10 | 14 | 11 | 8 | 119 | 111 | 119 | 115 | 110 | 110 | 101 | 91 | |
CWIP | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 6 | 5 | 4 | 3 | 0 |
Investments | 247 | 254 | 281 | 383 | 268 | 475 | 514 | 710 | 1,247 | 1,204 | 1,310 | 1,597 |
111 | 137 | 131 | 162 | 186 | 118 | 35 | 96 | 333 | 120 | 336 | 469 | |
Total Assets | 369 | 406 | 424 | 554 | 574 | 706 | 668 | 927 | 1,695 | 1,439 | 1,749 | 2,157 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
76 | 92 | 89 | 206 | 131 | 138 | 128 | 304 | 788 | -22 | 300 | 430 | |
-90 | 24 | -23 | -21 | -33 | -62 | -5 | -194 | -473 | 70 | -26 | -199 | |
-8 | -106 | -70 | -109 | -126 | -78 | -161 | -77 | -136 | -215 | -183 | -272 | |
Net Cash Flow | -22 | 10 | -4 | 76 | -29 | -2 | -38 | 33 | 179 | -167 | 91 | -41 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 1 | 1 | 2 | 0 | 0 | 66 | 0 | 4 | 75 | 6 | 70 | 1 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 1 | 1 | 2 | 0 | 0 | 66 | 0 | 4 | 75 | 6 | 70 | 1 |
Working Capital Days | -191 | -335 | -384 | -494 | -322 | -371 | -323 | -386 | -732 | -536 | -498 | 318 |
ROCE % | 61% | 48% | 67% | 64% | 66% | 66% | 56% | 59% | 62% | 49% | 50% | 54% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
6h - IEX Q4 FY25 earnings: 19% volume growth, 22% PAT rise, strong green market and new energy initiatives.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Apr - Newspaper Publication of Financial Results for the quarter and year ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
25 Apr - Audio recording of Q4 FY25 earnings call available on company website.
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Record Date For Final Dividend For The Year Ended March 31, 2025
24 Apr - IEX reports FY25 audited results; profit Rs. 41,465 lakhs; final dividend Rs.1.50/share recommended.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 Apr - IEX reports FY25 PAT up 22.3%, highest electricity volume 121 BUs, final dividend INR 1.5/share.
Annual reports
Concalls
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Apr 2025Transcript PPT REC
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Feb 2018Transcript PPT
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Nov 2017Transcript PPT
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]