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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Indian Energy Exchange Ltd (IEX)

About the Company -Indian Energy Exchange Ltd (IEX)

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Basic Stock Data of Indian Energy Exchange Ltd (IEX)

Last Updated: June 19, 2024, 2:39 pm

Market Cap 16,238 Cr.
Current Price 182
High / Low189/119
Stock P/E47.6
Book Value 10.6
Dividend Yield1.35 %
ROCE%
ROE39.4 %
Face Value 1.00
PEG Ratio3.99

Indian Energy Exchange Ltd (IEX) Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales8595901091141129895100107104109115
Expenses13141413161717161714221615
Operating Profit728177969895817983938292100
OPM %85%85%85%88%86%85%82%83%83%87%78%85%87%
Other Income1171212121615191723232426
Interest1010001111111
Depreciation4344444555555
Profit before tax78848410310610791929511099111120
Tax %23%24%24%24%25%24%25%24%25%25%25%25%25%
Net Profit60646478808169707183748389
EPS in Rs0.670.710.710.870.890.900.760.780.790.930.830.931.00

Last Updated: June 7, 2024, 8:54 am

Indian Energy Exchange Ltd (IEX) Quarterly Chart

Indian Energy Exchange Ltd (IEX) Profit & Loss

Last Updated: June 3, 2024, 1:31 am

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:10%
5 Years:12%
3 Years:12%
TTM:12%
Compounded Profit Growth
10 Years:14%
5 Years:17%
3 Years:18%
TTM:17%
Stock Price CAGR
10 Years:%
5 Years:29%
3 Years:13%
1 Year:44%
Return on Equity
10 Years:43%
5 Years:43%
3 Years:42%
Last Year:39%

Last Updated: June 12, 2024, 9:42 pm

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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
FIIs36.66%37.74%31.01%27.07%20.77%15.79%15.49%17.88%17.28%14.12%13.37%10.89%
DIIs25.47%23.13%17.66%19.48%21.65%22.39%21.73%21.53%21.11%22.61%26.34%27.24%
Public37.53%38.81%51.02%53.15%57.29%61.54%62.49%60.32%61.33%62.98%60.01%61.57%
Others0.33%0.31%0.31%0.29%0.29%0.27%0.27%0.28%0.28%0.28%0.28%0.28%
No. of Shareholders2,72,9404,06,21412,19,82314,73,38616,44,73417,13,91317,12,82516,30,99116,32,59716,01,51815,18,59715,98,631

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)Previous Number of SharesPrevious DatePercentage Change
Parag Parikh Flexi Cap Fund44,206,5841.26556.343,982,5002024-06-181010.02%
Mirae Asset Large Cap Fund21,650,5130.79272.473,982,5002024-06-18443.64%
Mirae Asset Emerging Bluechip Fund20,991,1200.94264.173,982,5002024-06-18427.08%
Mirae Asset Focused Fund13,965,0622.03175.753,982,5002024-06-18250.66%
Mirae Asset Tax Saver Fund13,375,7830.96168.333,982,5002024-06-18235.86%
SBI Small Cap Fund8,530,3000.51107.353,982,5002024-06-18114.19%
Kotak Equity Arbitrage Fund - Regular Plan4,312,5000.1954.273,982,5002024-06-188.29%
Invesco India Arbitrage Fund3,982,5000.5850.123,982,5002024-06-180%
Quant Small Cap Fund3,050,0000.438.383,982,5002024-06-18-23.41%
HSBC Arbitrage Fund2,298,7501.6428.933,982,5002024-06-18-42.28%

Indian Energy Exchange Ltd (IEX) ROCE Trend

Indian Energy Exchange Ltd (IEX) EPS Trend

Indian Energy Exchange Ltd (IEX) Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)3.943.423.456.915.89
Diluted EPS (Rs.)3.943.423.456.905.89
Cash EPS (Rs.)4.043.493.617.446.40
Book Value[Excl.RevalReserv]/Share (Rs.)10.918.977.8318.6213.00
Book Value[Incl.RevalReserv]/Share (Rs.)10.918.977.8318.6213.00
Revenue From Operations / Share (Rs.)5.044.504.8010.658.62
PBDIT / Share (Rs.)5.374.604.649.688.13
PBIT / Share (Rs.)5.144.394.459.137.62
PBT / Share (Rs.)5.114.364.509.067.56
Net Profit / Share (Rs.)3.823.283.426.885.89
NP After MI And SOA / Share (Rs.)3.943.433.446.905.89
PBDIT Margin (%)106.54102.1896.7490.9294.28
PBIT Margin (%)101.9897.5492.7585.7388.35
PBT Margin (%)101.3596.9393.6885.0887.74
Net Profit Margin (%)75.6773.0071.2664.6368.33
NP After MI And SOA Margin (%)78.0976.3071.7464.8368.33
Return on Networth / Equity (%)36.0838.2743.9639.1745.29
Return on Capital Employeed (%)44.8046.3853.8445.1952.60
Return On Assets (%)19.7721.0418.2320.9126.33
Asset Turnover Ratio (%)0.270.250.310.390.37
Current Ratio (X)1.581.261.541.931.46
Quick Ratio (X)1.581.261.541.931.46
Dividend Payout Ratio (NP) (%)0.000.000.0036.3342.61
Dividend Payout Ratio (CP) (%)0.000.000.0033.6439.21
Earning Retention Ratio (%)0.000.000.0063.6757.39
Cash Earning Retention Ratio (%)0.000.000.0066.3660.79
Interest Coverage Ratio (X)168.81166.75211.16140.65154.85
Interest Coverage Ratio (Post Tax) (X)120.90120.12153.52100.98113.24
Enterprise Value (Cr.)11777.8311329.6319918.219863.023787.92
EV / Net Operating Revenue (X)26.2228.2646.2131.0314.73
EV / EBITDA (X)24.6127.6647.7634.1315.62
MarketCap / Net Operating Revenue (X)26.6428.4246.7531.2614.84
Retention Ratios (%)0.000.000.0063.6657.38
Price / BV (X)12.3114.2628.6518.899.84
Price / Net Operating Revenue (X)26.6428.4346.7531.2614.84
EarningsYield0.020.020.010.020.04

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

Fair Value: 201.48

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 10.70% compared to the current price 182

Intrinsic Value: 225.54

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 23.92% compared to the current price ₹182

Last 5 Year EPS CAGR: 11.94%

*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 has a high average Cash Conversion Cycle of 13.08, which may not be favorable.

FAQ

What is the latest fair value of Indian Energy Exchange Ltd (IEX)?

The latest fair value of Indian Energy Exchange Ltd (IEX) is ₹201.48.

What is the Market Cap of Indian Energy Exchange Ltd (IEX)?

The Market Cap of Indian Energy Exchange Ltd (IEX) is 16,238 Cr..

What is the current Stock Price of Indian Energy Exchange Ltd (IEX) as on 19 June 2024?

The current stock price of Indian Energy Exchange Ltd (IEX) as on 19 June 2024 is ₹182.

What is the High / Low of Indian Energy Exchange Ltd (IEX) stocks in FY 2024?

In FY 2024, the High / Low of Indian Energy Exchange Ltd (IEX) stocks is 189/119.

What is the Stock P/E of Indian Energy Exchange Ltd (IEX)?

The Stock P/E of Indian Energy Exchange Ltd (IEX) is 47.6.

What is the Book Value of Indian Energy Exchange Ltd (IEX)?

The Book Value of Indian Energy Exchange Ltd (IEX) is 10.6.

What is the Dividend Yield of Indian Energy Exchange Ltd (IEX)?

The Dividend Yield of Indian Energy Exchange Ltd (IEX) is 1.35 %.

What is the ROCE of Indian Energy Exchange Ltd (IEX)?

The ROCE of Indian Energy Exchange Ltd (IEX) is %.

What is the ROE of Indian Energy Exchange Ltd (IEX)?

The ROE of Indian Energy Exchange Ltd (IEX) is 39.4 %.

What is the Face Value of Indian Energy Exchange Ltd (IEX)?

The Face Value of Indian Energy Exchange Ltd (IEX) is 1.00.

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