Indian Energy Exchange Ltd

Indian Energy Exchange Limited (IEX) is Indias premier power trading platform. The exchange provides an automated platform for physical delivery of electricity.

Pros:
Company is virtually debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 42.61%
Company has been maintaining a healthy dividend payout of 72.76%
Cons:
Stock is trading at 11.56 times its book value

Peer Comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Figures in Rs. Crores

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
47 51 50 51 55 56 65 55 67 67 64 56
12 14 13 16 12 9 12 12 12 12 15 12
Operating Profit 35 36 37 35 42 47 53 44 54 55 49 45
OPM % 74% 72% 75% 69% 77% 83% 81% 79% 81% 82% 77% 79%
Other Income 7 11 8 8 7 5 5 8 7 8 13 11
Interest 0 0 0 0 0 0 0 0 0 0 0 1
Depreciation 1 1 1 1 1 3 3 3 3 3 3 3
Profit before tax 41 47 44 42 48 49 55 48 59 60 59 53
Tax % 33% 35% 35% 35% 35% 33% 34% 35% 29% 29% 28% 29%
Net Profit 28 30 29 27 31 33 36 31 42 43 43 38
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
138 174 176 200 232 256 254
34 38 41 50 55 46 51
Operating Profit 104 136 136 150 177 210 203
OPM % 75% 78% 77% 75% 76% 82% 80%
Other Income -6 0 0 0 1 1 40
Interest 0 0 0 0 0 0 1
Depreciation 6 3 3 3 3 10 10
Profit before tax 93 133 132 147 174 200 232
Tax % 29% 31% 32% 32% 35% 34%
Net Profit 66 92 90 100 114 132 165
EPS in Rs 3.51
Dividend Payout % 8% 9% 88% 55% 113% 50%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:13.08%
3 Years:13.19%
TTM:10.25%
Compounded Profit Growth
10 Years:%
5 Years:13.34%
3 Years:18.02%
TTM:25.32%
Return on Equity
10 Years:%
5 Years:40.58%
3 Years:42.61%
Last Year:46.87%

Balance Sheet Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
30 30 30 30 30 30 30
Reserves 141 223 210 241 248 254 340
Borrowings 0 3 0 0 0 0 0
114 116 169 156 278 291 335
Total Liabilities 283 369 406 425 555 575 706
12 10 14 11 8 119 112
CWIP 0 0 0 0 1 1 0
Investments 189 247 254 281 383 268 202
82 112 138 133 163 187 391
Total Assets 283 369 406 425 555 575 706

Cash Flows Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
76 76 92 89 206 131
-69 -90 24 -23 -21 -33
-7 -8 -106 -70 -109 -126
Net Cash Flow -0 -22 10 -4 76 -29

Ratios Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 61% 48% 58% 63% 71%
Debtor Days 1 1 1 1 0 0
Inventory Turnover