Indian Energy Exchange Ltd
Indian Energy Exchange is a Power Exchange, licensed by the Central Electricity Regulatory Commission (CERC) for spot trading in power / electricity and trading of Renewal Energy Certificate (REC) and Energy Saving Certificates (ESCerts). The main activity of the company is to provide an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity.(Source : 202003-01 Annual Report Page No:139)
- Market Cap ₹ 13,373 Cr.
- Current Price ₹ 150
- High / Low ₹ 252 / 129
- Stock P/E 46.0
- Book Value ₹ 8.37
- Dividend Yield 1.33 %
- ROCE 62.1 %
- ROE 47.6 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 24.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 46.0%
- Company has been maintaining a healthy dividend payout of 52.4%
- Company's median sales growth is 16.0% of last 10 years
Cons
- Stock is trading at 17.9 times its book value
- Debtor days have increased from 26.3 to 74.9 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: Miscellaneous Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
36 | 60 | 138 | 174 | 176 | 170 | 199 | 230 | 254 | 257 | 317 | 426 | 406 | |
15 | 19 | 34 | 38 | 41 | 45 | 55 | 46 | 51 | 53 | 58 | 60 | 67 | |
Operating Profit | 21 | 41 | 104 | 136 | 136 | 125 | 143 | 185 | 203 | 204 | 259 | 366 | 338 |
OPM % | 59% | 68% | 75% | 78% | 77% | 74% | 72% | 80% | 80% | 80% | 82% | 86% | 83% |
5 | 11 | -6 | 0 | 0 | 25 | 34 | 26 | 40 | 40 | 40 | 52 | 67 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 |
Depreciation | 4 | 4 | 6 | 3 | 3 | 3 | 3 | 10 | 10 | 15 | 16 | 16 | 18 |
Profit before tax | 23 | 48 | 93 | 133 | 132 | 147 | 174 | 200 | 232 | 228 | 282 | 400 | 385 |
Tax % | 17% | 29% | 29% | 31% | 32% | 32% | 35% | 34% | 29% | 22% | 24% | 24% | |
Net Profit | 19 | 34 | 66 | 92 | 90 | 100 | 114 | 132 | 165 | 178 | 213 | 303 | 291 |
EPS in Rs | 0.23 | 0.42 | 0.81 | 1.12 | 1.10 | 1.16 | 1.31 | 1.45 | 1.81 | 1.98 | 2.38 | 3.37 | 3.23 |
Dividend Payout % | 14% | 16% | 8% | 9% | 88% | 72% | 113% | 50% | 0% | 42% | 56% | 59% |
Compounded Sales Growth | |
---|---|
10 Years: | 22% |
5 Years: | 16% |
3 Years: | 19% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | 24% |
5 Years: | 24% |
3 Years: | 24% |
TTM: | 2% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 51% |
1 Year: | -35% |
Return on Equity | |
---|---|
10 Years: | 44% |
5 Years: | 46% |
3 Years: | 46% |
Last Year: | 48% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 90 | 90 | |
Reserves | 48 | 75 | 141 | 223 | 210 | 168 | 248 | 254 | 340 | 360 | 502 | 612 | 662 |
0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 14 | 12 | 10 | 16 | |
95 | 107 | 114 | 116 | 169 | 227 | 277 | 291 | 335 | 264 | 384 | 983 | 441 | |
Total Liabilities | 169 | 208 | 282 | 369 | 406 | 424 | 554 | 574 | 706 | 668 | 927 | 1,695 | 1,209 |
14 | 22 | 12 | 10 | 14 | 11 | 8 | 119 | 111 | 119 | 115 | 110 | 118 | |
CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 6 | 5 | 0 |
Investments | 104 | 125 | 189 | 247 | 254 | 281 | 383 | 268 | 475 | 514 | 710 | 1,247 | 969 |
48 | 60 | 81 | 111 | 137 | 131 | 162 | 186 | 118 | 35 | 96 | 333 | 122 | |
Total Assets | 169 | 208 | 282 | 369 | 406 | 424 | 554 | 574 | 706 | 668 | 927 | 1,695 | 1,209 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
52 | 30 | 76 | 76 | 92 | 89 | 206 | 131 | 138 | 128 | 304 | 788 | |
-54 | -20 | -69 | -90 | 24 | -23 | -21 | -33 | -62 | -5 | -194 | -473 | |
34 | -0 | -7 | -8 | -106 | -70 | -109 | -126 | -78 | -161 | -77 | -136 | |
Net Cash Flow | 32 | 10 | -0 | -22 | 10 | -4 | 76 | -29 | -2 | -38 | 33 | 179 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 7 | 1 | 1 | 1 | 1 | 2 | 0 | 0 | 66 | 0 | 4 | 75 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 7 | 1 | 1 | 1 | 1 | 2 | 0 | 0 | 66 | 0 | 4 | 75 |
Working Capital Days | -687 | -448 | -208 | -191 | -335 | -384 | -494 | -322 | -371 | -323 | -386 | -732 |
ROCE % | 53% | 72% | 61% | 48% | 67% | 64% | 66% | 66% | 56% | 59% | 62% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Indian Energy Exchange Limited has informed the Exchange about Schedule of meet
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Mar - Indian Energy Exchange Limited has informed the Exchange about Copy of Newspaper Publication of post Buy-back public advertisement dated March 17, 2023.
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Announcement under Regulation 30 (LODR)-Post Buyback Public Announcement
18 Mar - Indian Energy Exchange Limited has informed the Exchange about post Buyback Public Announcement
- Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares 16 Mar
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Extinguishment
16 Mar - Indian Energy Exchange Limited has informed the Exchange about extinguishment 7,25,589 equity shares bought back under the Buyback.
Annual reports
Concalls
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India’s 1st Energy Exchange[1]
IEX is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity. 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.