Indian Energy Exchange Ltd

Indian Energy Ex Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indian Energy Exchange Ltd

₹ 153 0.36%
05 Jun 4:01 p.m.
iexindia.com BSE: 540750 NSE : IEX
About

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)

Key Points

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.

Website BSE NSE
  • 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
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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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
69 68 71 85 94 91 110 118 112 98 95 100 107
17 20 15 16 16 16 15 19 17 17 16 17 14
Operating Profit 52 48 55 70 77 75 95 99 95 81 79 83 93
OPM % 76% 71% 78% 82% 83% 82% 86% 84% 85% 82% 83% 83% 87%
10 13 8 11 7 12 12 13 24 16 20 23 28
Interest 1 1 1 1 0 1 0 0 0 1 1 1 1
Depreciation 5 4 4 4 4 4 4 4 4 4 5 5 5
Profit before tax 58 56 58 76 80 82 102 107 114 92 94 101 116
Tax % 21% 25% 24% 23% 24% 24% 24% 25% 23% 25% 24% 23% 24%
Net Profit 46 42 44 58 61 62 77 81 88 69 71 77 88
EPS in Rs 0.51 0.47 0.49 0.65 0.68 0.70 0.86 0.89 0.98 0.77 0.79 0.86 0.99
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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%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
31.25 30.23 29.62 36.81 36.66 37.74 31.01 27.07 20.77 15.79 15.49 17.88
33.77 35.06 36.62 27.91 25.47 23.13 17.66 19.48 21.65 22.39 21.73 21.53
34.59 34.32 33.39 34.93 37.53 38.81 51.02 53.15 57.29 61.54 62.49 60.32
0.39 0.39 0.37 0.35 0.33 0.31 0.31 0.29 0.29 0.27 0.27 0.28

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Concalls