Indian Energy Exchange Ltd

Indian Energy Exchange is engaged in a Power Exchange, licenses by the Central Electricity Regulatory Commission (CERC) for spot trading in power / electricity and trading of Renewal Energy Certificate (REC) and Ecerts.

  • Market Cap: 5,678 Cr.
  • Current Price: 189.55
  • 52 weeks High / Low 203.90 / 112.00
  • Book Value: 13.02
  • Stock P/E: 33.69
  • Dividend Yield: 0.00 %
  • ROCE: 71.10 %
  • ROE: 50.47 %
  • Sales Growth (3Yrs): 13.64 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Pros:
Company is virtually debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 46.49%
Company has been maintaining a healthy dividend payout of 54.58%
Cons:
Stock is trading at 14.56 times its book value
The company has delivered a poor growth of 11.02% over past five years.
Debtor days have increased from 19.24 to 57.08 days.

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

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
51 55 56 65 55 67 67 64 56 61 67 60
16 12 9 12 12 12 12 15 12 11 14 12
Operating Profit 35 42 47 53 44 54 55 49 45 49 53 48
OPM % 69% 77% 83% 81% 79% 81% 82% 77% 79% 82% 79% 80%
Other Income 8 7 5 5 8 7 8 13 11 9 11 10
Interest 0 0 0 0 0 0 0 0 1 1 1 0
Depreciation 1 1 3 3 3 3 3 3 3 3 3 4
Profit before tax 42 48 49 55 48 59 60 59 53 55 61 53
Tax % 35% 35% 33% 34% 35% 29% 29% 28% 29% 28% 20% 21%
Net Profit 27 31 33 36 31 42 43 43 38 40 49 42
EPS in Rs 0.95 1.09 1.12 1.20 1.04 1.39 0.14 1.41 1.25 1.33 1.64 1.42
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
138 174 176 200 232 256 293 244
34 38 41 50 55 46 51 49
Operating Profit 104 136 136 150 177 210 242 195
OPM % 75% 78% 77% 75% 76% 82% 83% 80%
Other Income -6 0 0 0 1 1 1 41
Interest 0 0 0 0 0 0 1 2
Depreciation 6 3 3 3 3 10 10 13
Profit before tax 93 133 132 147 174 200 232 222
Tax % 29% 31% 32% 32% 35% 34% 29%
Net Profit 66 92 90 100 114 132 165 169
EPS in Rs 2.37 3.28 2.43 2.90 3.22 4.22 5.47 5.64
Dividend Payout % 8% 9% 88% 55% 113% 50% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:11.02%
3 Years:13.64%
TTM:-3.43%
Compounded Profit Growth
10 Years:%
5 Years:13.01%
3 Years:18.05%
TTM:6.26%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:24.01%
Return on Equity
10 Years:%
5 Years:42.67%
3 Years:46.49%
Last Year:50.47%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
30 30 30 30 30 30 30 30
Reserves 141 223 210 241 248 254 340 360
Borrowings 0 3 0 0 0 0 0 0
114 116 169 156 278 291 337 280
Total Liabilities 283 369 406 425 555 575 707 670
12 10 14 11 8 119 111 119
CWIP 0 0 0 0 1 1 1 0
Investments 189 247 254 281 383 268 475 505
82 112 138 133 163 187 120 46
Total Assets 283 369 406 425 555 575 707 670

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
76 76 92 89 206 131 138
-69 -90 24 -23 -21 -33 -62
-7 -8 -106 -70 -109 -126 -78
Net Cash Flow -0 -22 10 -4 76 -29 -2

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 61% 48% 58% 63% 71% 71%
Debtor Days 1 1 1 1 0 0 57
Inventory Turnover