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 ₹ 12,765 Cr.
- Current Price ₹ 143
- High / Low ₹ 164 / 116
- Stock P/E 38.9
- Book Value ₹ 9.79
- Dividend Yield 0.68 %
- ROCE 50.2 %
- ROE 38.6 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.0%
- Company has been maintaining a healthy dividend payout of 53.2%
Cons
- Stock is trading at 14.8 times its book value
* 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 | TTM | |
---|---|---|---|---|---|---|
254 | 257 | 318 | 431 | 401 | 420 | |
51 | 55 | 67 | 67 | 64 | 70 | |
Operating Profit | 203 | 202 | 251 | 364 | 336 | 350 |
OPM % | 80% | 79% | 79% | 84% | 84% | 83% |
40 | 40 | 38 | 61 | 86 | 104 | |
Interest | 1 | 2 | 2 | 2 | 2 | 3 |
Depreciation | 10 | 15 | 17 | 17 | 19 | 20 |
Profit before tax | 232 | 226 | 270 | 405 | 402 | 432 |
Tax % | 29% | 22% | 24% | 24% | 24% | |
165 | 176 | 205 | 309 | 306 | 328 | |
EPS in Rs | 1.81 | 1.96 | 2.29 | 3.44 | 3.43 | 3.67 |
Dividend Payout % | 0% | 42% | 58% | 73% | 29% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 16% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 20% |
TTM: | 8% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 26% |
1 Year: | -3% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 43% |
Last Year: | 39% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|
Equity Capital | 30 | 30 | 30 | 90 | 89 | 89 |
Reserves | 340 | 358 | 496 | 614 | 710 | 784 |
0 | 14 | 12 | 10 | 14 | 12 | |
335 | 265 | 444 | 983 | 640 | 732 | |
Total Liabilities | 706 | 667 | 982 | 1,696 | 1,453 | 1,617 |
111 | 119 | 121 | 110 | 110 | 107 | |
CWIP | 1 | 4 | 7 | 5 | 4 | 2 |
Investments | 475 | 509 | 713 | 1,248 | 1,219 | 1,318 |
118 | 36 | 141 | 333 | 121 | 190 | |
Total Assets | 706 | 667 | 982 | 1,696 | 1,453 | 1,617 |
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 | -536 |
ROCE % | 56% | 55% | 61% | 50% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22h - Schedule of Investor meeting as on November 30, 2023.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Schedule of Investor meeting as on November 29, 2023.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23 Nov - Schedule of Investor Meeting as on November 23, 2023.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Nov
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
8 Nov - Earning call transcript for meeting held on November 03, 2023.
Annual reports
Concalls
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Nov 2020Transcript PPT
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Nov 2017Transcript PPT
Business Overview[1][2]
Company is the 1st Power Exchange, licensed
by the Central Electricity Regulatory Commission (‘CERC’) for spot trading in electricity and trading of Renewal Energy Certificates (REC) and ESCerts. 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.