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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Indian Energy Exchange Ltd (IEX)

About the Company -Indian Energy Exchange Ltd (IEX)

Indian Energy Exchange Ltd. is a Public Limited Listed company incorporated on 26/03/2007 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74999DL2007PLC277039 and registration number is 277039. Currently Company is involved in the business activities of Administration of financial markets. Company’s Total Operating Revenue is Rs. 425.55 Cr. and Equity Capital is Rs. 89.78 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
ExchangesFirst Floor, Unit No. 1.14(a) Avanta Business Centre, New Delhi Delhi 110017compliance@iexindia.com
http://www.iexindia.com
Management
NamePosition Held
Mr. Satyanarayan GoelChairman & Managing Director
Mr. Gautam DalmiaNon Executive Director
Mr. Amit GargNon Executive Director
Ms. Sudha PillaiIndependent Director
Mr. Tejpreet Singh ChopraIndependent Director
Prof. Kayyalathu Thomas ChackoIndependent Director

Indian Energy Exchange Ltd. Share Price Update

Share PriceValue
Today₹143.70
Previous Day₹140.00

Basic Stock Data of Indian Energy Exchange Ltd (IEX)

Market Cap 12,876 Cr.
Current Price 144
High / Low173/116
Stock P/E39.2
Book Value 9.56
Dividend Yield0.70 %
ROCE51.8 %
ROE39.4 %
Face Value 1.00

Data Source: screener.in

Indian Energy Exchange Ltd (IEX) Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales718595901091141129895100107104109
Expenses13131414131617171617142216
Operating Profit58728177969895817983938292
OPM %81%85%85%85%88%86%85%82%83%83%87%78%85%
Other Income911712121216151917232324
Interest1101000111111
Depreciation4434444455555
Profit before tax6278848410310610791929511099111
Tax %24%23%24%24%24%25%24%25%24%25%25%25%25%
Net Profit47606464788081697071837483
EPS in Rs0.520.670.710.710.870.890.900.760.780.790.930.830.93

Indian Energy Exchange Ltd (IEX) Quarterly Chart

Indian Energy Exchange Ltd (IEX) Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales60138174176170199230254257317426401420
Expenses19343841455546515358606470
Operating Profit41104136136125143185203204259366336350
OPM %68%75%78%77%74%72%80%80%80%82%86%84%83%
Other Income11-600253426404040527387
Interest0000000122223
Depreciation46333310101516161920
Profit before tax4893133132147174200232228282400389415
Tax %29%29%31%32%32%35%34%29%22%24%24%25%
Net Profit34669290100114132165178213303293311
EPS in Rs0.420.811.121.101.161.311.451.811.982.383.373.283.48
Dividend Payout %16%8%9%88%72%113%50%0%42%56%59%30%

Indian Energy Exchange Ltd (IEX) Profit & Loss Yearly Chart

Indian Energy Exchange Ltd (IEX) Growth

Compounded Sales Growth
10 Years:11%
5 Years:12%
3 Years:16%
TTM:7%
Compounded Profit Growth
10 Years:15%
5 Years:19%
3 Years:20%
TTM:13%
Stock Price CAGR
10 Years:%
5 Years:21%
3 Years:19%
1 Year:5%
Return on Equity
10 Years:43%
5 Years:44%
3 Years:44%
Last Year:39%

Indian Energy Exchange Ltd (IEX) Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital27272727292930303030908989
Reserves75141223210168248254340360502612695764
Preference Capital33332200000
Borrowings003000001412101412
Other Liabilities107114116169227277291335264384983640732
Total Liabilities2082823694064245545747066689271,6951,4391,597
Fixed Assets22121014118119111119115110112106
CWIP0000011116522
Investments1251892472542813832684755147101,2471,2041,298
Other Assets60811111371311621861183596333120190
Total Assets2082823694064245545747066689271,6951,4391,597

Indian Energy Exchange Ltd (IEX) Reserves and Borrowings Chart

Indian Energy Exchange Ltd (IEX) Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3076769289206131138128304788-22
Cash from Investing Activity -20-69-9024-23-21-33-62-5-194-47370
Cash from Financing Activity -0-7-8-106-70-109-126-78-161-77-136-215
Net Cash Flow10-0-2210-476-29-2-3833179-167

Indian Energy Exchange Ltd (IEX) Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days11112006604756
Inventory Days
Days Payable
Cash Conversion Cycle11112006604756
Working Capital Days-448-208-191-335-384-494-322-371-323-386-73287
ROCE %53%72%61%48%67%64%66%66%56%59%62%

Indian Energy Exchange Ltd (IEX) Financial Efficiency Indicators Chart

Indian Energy Exchange Ltd (IEX) Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
FIIs36.81%36.66%37.74%31.01%27.07%20.77%15.79%15.49%17.88%17.28%14.12%13.37%
DIIs27.91%25.47%23.13%17.66%19.48%21.65%22.39%21.73%21.53%21.11%22.61%26.34%
Public34.93%37.53%38.81%51.02%53.15%57.29%61.54%62.49%60.32%61.33%62.98%60.01%
Others0.35%0.33%0.31%0.31%0.29%0.29%0.27%0.27%0.28%0.28%0.28%0.28%
No. of Shareholders1,43,6782,72,9404,06,21412,19,82314,73,38616,44,73417,13,91317,12,82516,30,99116,32,59716,01,51815,18,597

Indian Energy Exchange Ltd (IEX) Shareholding Pattern Chart

No. of Indian Energy Exchange Ltd (IEX) Shareholders

Indian Energy Exchange Ltd (IEX) Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Parag Parikh Flexi Cap Fund442065841.26556.34
Mirae Asset Large Cap Fund216505130.79272.47
Mirae Asset Emerging Bluechip Fund209911200.94264.17
Mirae Asset Focused Fund139650622.03175.75
Mirae Asset Tax Saver Fund133757830.96168.33
SBI Small Cap Fund85303000.51107.35
Kotak Equity Arbitrage Fund - Regular Plan43125000.1954.27
Invesco India Arbitrage Fund39825000.5850.12
Quant Small Cap Fund30500000.438.38
HSBC Arbitrage Fund22987501.6428.93

Indian Energy Exchange Ltd (IEX) ROCE Trend

Indian Energy Exchange Ltd (IEX) EPS Trend

Indian Energy Exchange Ltd (IEX) Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)3.423.456.915.895.47
Diluted EPS (Rs.)3.423.456.905.895.46
Cash EPS (Rs.)3.493.617.446.405.81
Book Value[Excl.RevalReserv]/Share (Rs.)8.977.8318.6213.0012.26
Book Value[Incl.RevalReserv]/Share (Rs.)8.977.8318.6213.0012.26
Revenue From Operations / Share (Rs.)4.504.8010.658.628.42
PBDIT / Share (Rs.)4.604.649.688.138.05
PBIT / Share (Rs.)4.394.459.137.627.70
PBT / Share (Rs.)4.364.509.067.567.68
Net Profit / Share (Rs.)3.283.426.885.895.47
NP After MI And SOA / Share (Rs.)3.433.446.905.895.47
PBDIT Margin (%)102.1896.7490.9294.2895.60
PBIT Margin (%)97.5492.7585.7388.3591.49
PBT Margin (%)96.9393.6885.0887.7491.21
Net Profit Margin (%)73.0071.2664.6368.3364.95
NP After MI And SOA Margin (%)76.3071.7464.8368.3364.95
Return on Networth / Equity (%)38.2743.9639.1745.2944.57
Return on Capital Employeed (%)46.3853.8445.1952.6058.08
Return On Assets (%)21.0418.2320.9126.3323.39
Asset Turnover Ratio (%)0.250.310.390.370.00
Current Ratio (X)1.261.541.931.461.27
Quick Ratio (X)1.261.541.931.461.27
Dividend Payout Ratio (NP) (%)0.000.0036.3342.6140.42
Dividend Payout Ratio (CP) (%)0.000.0033.6439.2138.02
Earning Retention Ratio (%)0.000.0063.6757.3959.58
Cash Earning Retention Ratio (%)0.000.0066.3660.7961.98
Interest Coverage Ratio (X)166.75211.16140.65154.85330.84
Interest Coverage Ratio (Post Tax) (X)120.12153.52100.98113.24225.78
Enterprise Value (Cr.)11329.6319918.219863.023787.924895.93
EV / Net Operating Revenue (X)28.2646.2131.0314.7319.27
EV / EBITDA (X)27.6647.7634.1315.6220.16
MarketCap / Net Operating Revenue (X)28.4246.7531.2614.8419.54
Retention Ratios (%)0.000.0063.6657.3859.57
Price / BV (X)14.2628.6518.899.8413.41
Price / Net Operating Revenue (X)28.4346.7531.2614.8419.54
EarningsYield0.020.010.020.040.03

Indian Energy Exchange Ltd (IEX) Profitability Ratios (%)

Indian Energy Exchange Ltd (IEX) Liquidity Ratios

Indian Energy Exchange Ltd (IEX) Liquidity Ratios (%)

Indian Energy Exchange Ltd (IEX) Interest Coverage Ratios (%)

Indian Energy Exchange Ltd (IEX) Valuation Ratios

Fair Value of Indian Energy Exchange Ltd (IEX) Stock

Fair Value: ₹148.69

The stock is undervalued by 3.25% compared to the current price ₹144

*Investments are subject to market risks

Strength and Weakness of Indian Energy Exchange Ltd (IEX) Stock

StrengthWeakness
  1. The stock has a high average ROCE of 56.17%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -342.25, which is a positive sign.
  3. The company has higher reserves (353.23 cr) compared to borrowings (1.23 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (247.85 cr) and profit (221.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 6.66 and average Dividend Yield of 91.17%.
  2. The stock has a high average Cash Conversion Cycle of 13.08, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indian Energy Exchange Ltd (IEX). Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE