Indian Energy Exchange Ltd Stock Analysis

BSE: 540750 | NSE: IEX | Power Generation/Distribution | Mid Cap

BSE Share Price 01-Dec-2022 18:01
148.00 0.20 (0.14%)

DeciZen - Make an Informed Decision on Indian Energy Exch

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Indian Energy Exch Price Chart

P/E Ratio (SA) :
44.42
Market Cap :
13,300.3 Cr.
52-wk low :
134
52-wk high :
304.1
Bole Toh?

1. Is Indian Energy Exchange Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indian Energy Exchange Ltd is a good quality company.

2. Is Indian Energy Exchange Ltd undervalued or overvalued?

The key valuation ratios of Indian Energy Exchange Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Indian Energy Exchange Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indian Energy Exchange Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Indian Energy Exch:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 53.1%45%36.7%50.8%41.3%43.2%47%44.8%45.7%48%-
Value Creation Index 2.92.31.72.82.12.12.42.32.42.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 121153145175199230254257317426419
YoY Gr. Rt. %-25.9%-5.1%20.9%13.5%16%10.3%1.2%23.4%34.2%-
Adj EPS 0.91.111.21.11.31.71.92.33.33.3
YoY Gr. Rt. %-27.9%-10.9%18.4%-1.7%17.5%26.1%11.8%23.3%40.8%-
BVPS (₹) 1.92.92.42.33.23.144.35.87.78.4
Adj Net Profit 70.390.580.110098.1121153169209294299
Cash Flow from Ops. 69.167.891.988.6206131138128304788-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15%16.5%18.8%34.2%
Adj EPS 16%23.5%24.7%40.8%
BVPS 16.618.924.131.8
Share Price - 23.8% 47.2% -39.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 5345.336.850.741.243.246.844.545.447.741.6
Op. Profit Mgn % 72.975.271.971.572.280.279.879.681.885.984.2
Net Profit Mgn % 5859.355.457.249.452.660.365.865.969.271.3
Debt to Equity 00000000000
Working Cap Days 78224405408438489291411551831
Cash Conv. Cycle -826-879-690-871-2,011-1,262-1,009-708-741-2,539443

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.76%

Net Profit is growing at healthy rate in last 3 years 24.74%

Sales growth is good in last 4 quarters at 11.96%

Return on Equity has declined versus last 3 years average to 41.50%

Latest Financials - Indian Energy Exchange Ltd.

Standalone Consolidated
TTM EPS (₹) 3.3 3.4
TTM Sales (₹ Cr.) 419 423
BVPS (₹.) 8.4 8.4
Reserves (₹ Cr.) 662 666
P/BV 17.68 17.61
PE 44.42 43.04
From the Market
52 Week Low / High (₹) 133.95 / 304.05
All Time Low / High (₹) 37.02 / 318.72
Market Cap (₹ Cr.) 13,300
Equity (₹ Cr.) 89.9
Face Value (₹) 1
Industry PE 12.1

Management X-Ray of Indian Energy Exch :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indian Energy Exch

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Indian Energy Exchange Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indian Energy Exch on 01-Dec-2022 18:01 is : 148.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Dec-2022 18:01 the market cap of Indian Energy Exch stood at ₹ 13,300.3.
The latest PE ratio of Indian Energy Exch as of 01-Dec-2022 18:01 is 44.42.
The latest PB ratio of Indian Energy Exch as of 01-Dec-2022 18:01 is 17.68
The 52-week high of Indian Energy Exch is ₹ 304.1 and the 52-week low is ₹ 133.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Indian Energy Exch is ₹ 419.5 ( Cr.) .

About Indian Energy Exchange Ltd

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)
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