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 ₹ 13,670 Cr.
- Current Price ₹ 153
- High / Low ₹ 186 / 126
- Stock P/E 44.7
- Book Value ₹ 8.96
- Dividend Yield 0.65 %
- ROCE 53.0 %
- ROE 40.7 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.9%
- Company has been maintaining a healthy dividend payout of 48.4%
Cons
- Stock is trading at 17.1 times its book value
- Working capital days have increased from -344 days to 91.4 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
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 | |
---|---|---|---|---|---|
254 | 257 | 318 | 431 | 401 | |
51 | 55 | 67 | 67 | 64 | |
Operating Profit | 203 | 202 | 251 | 364 | 336 |
OPM % | 80% | 79% | 79% | 84% | 84% |
40 | 40 | 38 | 61 | 86 | |
Interest | 1 | 2 | 2 | 2 | 2 |
Depreciation | 10 | 15 | 17 | 17 | 19 |
Profit before tax | 232 | 226 | 270 | 405 | 402 |
Tax % | 29% | 22% | 24% | 24% | 24% |
Net Profit | 165 | 176 | 205 | 309 | 306 |
EPS in Rs | 1.81 | 1.96 | 2.29 | 3.44 | 3.43 |
Dividend Payout % | 0% | 42% | 58% | 58% | 29% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 16% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 23% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 38% |
1 Year: | -16% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 44% |
Last Year: | 41% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
30 | 30 | 30 | 90 | 89 | |
Reserves | 340 | 358 | 496 | 614 | 710 |
0 | 14 | 12 | 10 | 14 | |
335 | 265 | 444 | 983 | 640 | |
Total Liabilities | 706 | 667 | 982 | 1,696 | 1,453 |
111 | 119 | 121 | 110 | 112 | |
CWIP | 1 | 4 | 7 | 5 | 2 |
Investments | 475 | 509 | 713 | 1,248 | 1,219 |
118 | 36 | 141 | 333 | 121 | |
Total Assets | 706 | 667 | 982 | 1,696 | 1,453 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
138 | 126 | 306 | 762 | -23 | |
-62 | -3 | -196 | -448 | 70 | |
-78 | -161 | -77 | -136 | -215 | |
Net Cash Flow | -2 | -38 | 33 | 178 | -167 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|
Debtor Days | 66 | 0 | 4 | 74 | 6 |
Inventory Days | |||||
Days Payable | |||||
Cash Conversion Cycle | 66 | 0 | 4 | 74 | 6 |
Working Capital Days | -371 | -324 | -400 | -722 | 91 |
ROCE % | 56% | 57% | 62% | 53% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1 Jun - Indian Energy Exchange Limited has informed the Exchange about Transcript of earnings conference call held on May 26, 2023
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
26 May - Indian Energy Exchange Limited has informed the Exchange about Link of Recording
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Compliances-Reg.24(A)-Annual Secretarial Compliance
26 May - Secretarial Compliance Report of the Indian Energy Exchange Limited for the Financial Year ended March 31, 2023
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 May - Indian Energy Exchange Limited has informed the Exchange about Copy of Newspaper Publication of Financial Results for the quarter and year ended March 31, 2023
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Announcement under Regulation 30 (LODR)-Investor Presentation
25 May - Indian Energy Exchange Limited has informed the Exchange about Investor Presentation on Audited Financial Results for the quarter and year ended March 31, 2023
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.