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Indian Energy Exchange Ltd Stock Analysis

Large Cap
Evaluated by 2208 users | BSE: 540750 | NSE: IEX |
Power Generation/Distribution
1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indian Energy Exchange Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Capital Employed 36.02%37.53%53.05%45.01%36.65%50.82%41.29%43.23%47%44.77%45.68%-
Value Creation Index NANANANA1.622.631.952.092.362.202.26-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 35.860121153145175199230254257317380
Y-o-Y Gr. Rt.-67.6%102%25.9%-5.1%20.9%13.5%16%10.3%1.2%23.4%-
Adjusted EPS (Rs.) 0.230.420.861.10.981.161.141.341.691.892.332.96
Y-o-Y Gr. Rt.-82.6%104.8%27.9%-10.9%18.4%-1.7%17.5%26.1%11.8%23.3%-
Book Value per Share (Rs.) 0.931.261.922.882.362.283.223.134.014.265.817.67
Adjusted Net Profit 18.834.170.390.580.110098.1121153169209266
Net Op. Cash Flow (Rs. Cr.) 51.93069.167.891.988.6206131138128304-
Debt to Cash Flow from Ops 0000.040000000-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Indian Energy Exchange Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  10 yrs 5 yrs 3 yrs 1 yr
Net Sales 20.3%12.6%11.2%23.4%
Adjusted EPS 21%15%20.3%23.3%
Book Value per Share 18.520.622.936.4
Share Price - - 69.6% 254.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity (%) 36.0137.5253.0445.3236.8250.7241.1743.1846.8444.4845.3743.92
Operating Profit Margin (%) 58.7367.972.9275.1671.9171.5272.2280.2279.8379.5581.8185.69
Net Profit Margin (%) 52.5256.8557.9659.2955.3657.249.3752.6460.2965.865.9270.06
Debt to Equity 0000.0100000000
Working Capital Days 2934782244054084384892914115749
Cash Conversion Cycle -1,163-980-826-879-690-871-2,011-1,262-1,009-708-741330
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Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Institutions 60.87%
Non-Institutions 39.12%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Past 10 year's financial track record analysis by Moneyworks4me indicates that Indian Energy Exchange Ltd is a good quality company.

Data is not available for this company.

Data is not available for this company

Past 10 years financial track record analysis and assessment of future prospects by Moneyworks4me indicates that Indian Energy Exchange Ltd is a good long term investment. However, you need to ensure you buy at a right price to earn good returns.

Indian Energy Exchange Limited (IEX) is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable Energy Certificates and Energy Saving Certificates. 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.

Read More

Indian Energy Exchange Limited (IEX) is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable Energy Certificates and Energy Saving Certificates. 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.

The Exchange is a publicly listed company with NSE and BSE. IEX is approved and regulated by Central Electricity Regulatory Commission (CERC) and has been operating since June 27, 2008. In August 2016, IEX received three ISO Certifications - ISO 9001:2015 for quality management, ISO 27001:2013 for Information security management and ISO 14001:2015 for environment management.

Business area of the company

The IEX 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 t trading in electricity units for physical delivery of electricity.

Product Segments

  • Day-Ahead Market (DAM)
  • Term-Ahead Market (TAM)
  • Renewable Energy Certificates (REC)
  • Energy Saving Certificates (ESCerts)
  • Real Time Market
  • Green Term-Ahead Market

Awards and accolades

  • IEX is respected as an industry leader and statesman, reflected in growing recognition.
  • Best E-Enabled Consumer Platform -2009 Council of Power Utilities
  • Best Performing Power Trading Company/ Exchange -2012, 2013 Power line
  • Best Power Exchange in India - 2012, 2013 and 2014 Enertia Foundation
  • Innovators in Product and Technology - 2013 Inc. India
  • Exchange of the Year - 2014 Power Business View
  • Best Power Exchange -2014 India Power Award (Council of Power Utilities)
  • Leaders in Power Market Development - 2015 Council of Power Utilities
  • Best IPO Award (Midcap Category) - 2018 Investor Relations Society (Partnered with BNY Mellon & Bloomberg)
  • Best CFO Award in 100- 500 turnover category - 2018 The Financial Express
  • Best Power Exchange in India- First view intelligence award in 2019

Milestones

  • 2008: Launched Day Ahead Market (DAM)
  • 2008: Commenced Operations with 58 participants
  • 2008: Daily cleared volume in DAM - 20 million units
  • 2009: Registered first Open Access Consumer (OA)
  • 2009: Introduced Term Ahead Market (TAM)
  • 2010: Registered participants in DAM crossed 500
  • 2011: Introduced Renewable Energy Certificate (REC) in the market
  • 2011: Traded first non-solar REC
  • 2012: Introduced 15mins contract in DAM
  • 2012: First solar REC trade
  • 2012: Signed MOU with PJM Technologies
  • 2013: Signed MOU with EPEX SPOT (France)
  • 2015: Launched round the clock TAM
  • 2016: First Indian energy exchange to get ISO certification
  • 2017: Launched Energy Saving Certificate
  • 2017: Publically listed its securities
  • 2018: Signed MOU with JPEX (Japan)
  • 2018: Daily cleared volume in DAM crossed all time high
  • 2019: Highest DAM vols in a day reached 306 MU
  • 2020: Launched two new bid types and TAM contract enhancements
  • 2020: Signed MOU with Power Ledger, Australia
  • 2020: Incorporated Indian Gas Exchange (wholly owned subsidiary of IEX)
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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