Indian Energy Exchange Ltd

Indian Energy Exchange Ltd

₹ 138 0.35%
06 Nov - close price
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]

  • Market Cap 12,318 Cr.
  • Current Price 138
  • High / Low 215 / 130
  • Stock P/E 27.4
  • Book Value 13.5
  • Dividend Yield 2.17 %
  • 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 39.2%
  • Company has been maintaining a healthy dividend payout of 53.4%

Cons

  • Stock is trading at 10.3 times its book value

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
95 100 107 104 109 115 121 124 139 131 141 140 152
16 17 14 22 16 15 16 24 19 18 19 26 20
Operating Profit 79 83 93 82 92 100 105 100 120 113 122 114 132
OPM % 83% 83% 87% 78% 85% 87% 86% 81% 86% 86% 86% 81% 87%
19 17 23 23 24 26 28 31 29 29 31 43 34
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 5 5 5 5 5 5 5 5 5 5 5 5 6
Profit before tax 92 95 110 99 111 120 127 125 143 135 147 150 160
Tax % 24% 25% 25% 25% 25% 25% 25% 25% 26% 24% 24% 25% 24%
70 71 83 74 83 89 95 93 106 103 112 113 122
EPS in Rs 0.78 0.79 0.93 0.83 0.93 1.00 1.07 1.05 1.19 1.16 1.26 1.27 1.36
Raw PDF

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 TTM
174 176 170 199 230 254 257 317 426 401 449 535 565
38 41 45 55 46 51 53 58 60 64 71 80 84
Operating Profit 136 136 125 143 185 203 204 259 366 337 379 455 481
OPM % 78% 77% 74% 72% 80% 80% 80% 82% 86% 84% 84% 85% 85%
0 0 25 34 26 40 40 40 52 73 102 119 137
Interest 0 0 0 0 0 1 2 2 2 2 3 3 2
Depreciation 3 3 3 3 10 10 15 16 16 19 20 21 22
Profit before tax 133 132 147 174 200 232 228 282 400 389 457 550 593
Tax % 31% 32% 32% 35% 34% 29% 22% 24% 24% 25% 25% 25%
92 90 100 114 132 165 178 213 303 293 341 415 450
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 5.05
Dividend Payout % 9% 88% 72% 113% 50% 0% 42% 56% 74% 30% 65% 64%
Compounded Sales Growth
10 Years: 12%
5 Years: 16%
3 Years: 8%
TTM: 13%
Compounded Profit Growth
10 Years: 18%
5 Years: 20%
3 Years: 12%
TTM: 17%
Stock Price CAGR
10 Years: %
5 Years: 16%
3 Years: -1%
1 Year: -21%
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 Sep 2025
Equity Capital 27 27 29 29 30 30 30 30 90 89 89 89 89
Reserves 223 210 168 248 254 340 360 502 612 695 859 1,009 1,111
6 3 2 2 0 0 14 12 10 14 10 6 4
113 166 226 276 291 335 264 384 983 640 791 1,053 631
Total Liabilities 369 406 424 554 574 706 668 927 1,695 1,439 1,749 2,157 1,835
10 14 11 8 119 111 119 115 110 110 101 87 91
CWIP 0 0 0 1 1 1 1 6 5 4 3 4 1
Investments 247 254 281 383 268 475 514 710 1,247 1,204 1,310 1,597 1,615
111 137 131 162 186 118 35 96 333 120 336 469 127
Total Assets 369 406 424 554 574 706 668 927 1,695 1,439 1,749 2,157 1,835

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 1 1
Inventory Days
Days Payable
Cash Conversion Cycle 1 1 2 0 0 66 0 4 75 6 1 1
Working Capital Days -197 -335 -384 -494 -322 -371 -326 -388 -733 -540 -501 -487
ROCE % 61% 48% 67% 64% 66% 66% 56% 59% 62% 49% 52% 54%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
15.49% 17.88% 17.28% 14.12% 13.37% 10.89% 11.66% 15.66% 16.24% 16.13% 18.53% 13.20%
21.73% 21.53% 21.11% 22.61% 26.34% 27.24% 31.24% 31.48% 32.78% 34.15% 34.12% 36.43%
62.49% 60.32% 61.33% 62.98% 60.01% 61.57% 56.82% 52.59% 50.72% 49.47% 47.07% 50.11%
0.27% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.27% 0.27% 0.27%
No. of Shareholders 17,12,82516,30,99116,32,59716,01,51815,18,59715,98,63115,13,30714,72,72714,39,96714,13,44413,88,44714,38,943

* 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

Concalls