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 ₹ 16,973 Cr.
- Current Price ₹ 190
- High / Low ₹ 244 / 134
- Stock P/E 39.6
- Book Value ₹ 12.7
- Dividend Yield 1.58 %
- ROCE 53.4 %
- ROE 40.7 %
- 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 51.6%
Cons
- Stock is trading at 14.9 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 500 BSE SmallCap Nifty Dividend Opportunities 50 BSE Financial Services BSE SmallCap Select Index
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
254 | 257 | 318 | 431 | 401 | 449 | 537 | |
51 | 55 | 67 | 67 | 64 | 72 | 84 | |
Operating Profit | 203 | 202 | 251 | 364 | 336 | 377 | 454 |
OPM % | 80% | 79% | 79% | 84% | 84% | 84% | 84% |
40 | 40 | 38 | 61 | 86 | 112 | 135 | |
Interest | 1 | 2 | 2 | 2 | 2 | 3 | 3 |
Depreciation | 10 | 15 | 17 | 17 | 19 | 20 | 21 |
Profit before tax | 232 | 226 | 270 | 405 | 402 | 466 | 565 |
Tax % | 29% | 22% | 24% | 24% | 24% | 25% | 24% |
165 | 176 | 205 | 309 | 306 | 351 | 429 | |
EPS in Rs | 1.81 | 1.96 | 2.29 | 3.44 | 3.43 | 3.93 | 4.81 |
Dividend Payout % | 0% | 42% | 58% | 73% | 29% | 63% | 62% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 8% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 13% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | -3% |
1 Year: | 22% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 41% |
3 Years: | 39% |
Last Year: | 41% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 30 | 30 | 30 | 90 | 89 | 89 | 89 |
Reserves | 340 | 358 | 496 | 614 | 710 | 883 | 1,047 |
0 | 14 | 12 | 10 | 14 | 10 | 6 | |
335 | 265 | 444 | 983 | 640 | 791 | 1,054 | |
Total Liabilities | 706 | 667 | 982 | 1,696 | 1,453 | 1,774 | 2,197 |
111 | 119 | 121 | 110 | 110 | 101 | 91 | |
CWIP | 1 | 4 | 7 | 5 | 4 | 4 | 0 |
Investments | 475 | 509 | 713 | 1,248 | 1,219 | 1,331 | 1,634 |
118 | 36 | 141 | 333 | 121 | 337 | 472 | |
Total Assets | 706 | 667 | 982 | 1,696 | 1,453 | 1,774 | 2,197 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
138 | 126 | 306 | 762 | -23 | 298 | 427 | |
-62 | -3 | -196 | -448 | 70 | -24 | -196 | |
-78 | -161 | -77 | -136 | -215 | -183 | -272 | |
Net Cash Flow | -2 | -38 | 33 | 178 | -167 | 91 | -41 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 66 | 0 | 4 | 74 | 6 | 70 | 2 |
Inventory Days | |||||||
Days Payable | |||||||
Cash Conversion Cycle | 66 | 0 | 4 | 74 | 6 | 70 | 2 |
Working Capital Days | -371 | -324 | -400 | -722 | -536 | -498 | 318 |
ROCE % | 56% | 55% | 61% | 50% | 50% | 53% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8m - Scheduled virtual meeting with iWealth Management on May 2, 2025; no price-sensitive info shared.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - 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.
Annual reports
Concalls
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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]