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5407

Indian Energy Exchange BSE:540750 Stock Report

Last Price

₹167.10

Market Cap

₹149.6b

7D

-4.0%

1Y

32.4%

Updated

28 Jun, 2022

Data

Company Financials +
540750 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth6/6
Past Performance6/6
Financial Health6/6
Dividends3/6

540750 Stock Overview

Indian Energy Exchange Limited operates a power trading platform.

Indian Energy Exchange Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Indian Energy Exchange
Historical stock prices
Current Share Price₹167.10
52 Week High₹318.72
52 Week Low₹124.50
Beta0.44
1 Month Change-9.21%
3 Month Change-25.60%
1 Year Change32.37%
3 Year Change250.19%
5 Year Changen/a
Change since IPO208.22%

Recent News & Updates

Shareholder Returns

540750IN Capital MarketsIN Market
7D-4.0%4.2%4.1%
1Y32.4%-11.0%-0.02%

Return vs Industry: 540750 exceeded the Indian Capital Markets industry which returned -11% over the past year.

Return vs Market: 540750 exceeded the Indian Market which returned -0% over the past year.

Price Volatility

Is 540750's price volatile compared to industry and market?
540750 volatility
540750 Average Weekly Movement5.3%
Capital Markets Industry Average Movement7.1%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: 540750 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 540750's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007152Satyanarayan Goelhttps://www.iexindia.com

Indian Energy Exchange Limited operates a power trading platform. The company enables price discovery and risk management for participants of the electricity market, including industries eligible for open access. Its products include Day-Ahead-Market, a physical electricity trading market for deliveries for any/some/all 15 minute time blocks in 24 hours of next day starting from midnight; Term-Ahead-Market that provides a range of products allowing participants to buy/sell electricity on intra-day, day-ahead contingency, and daily and weekly contracts; Real-Time Market, an auction session every half an hour with power to be delivered after 4 time blocks or an hour after gate closure of the auction; Renewable Energy Certificates to ease the purchase of renewable energy by the state utilities and obligated entities; and Energy Saving Certificates.

Indian Energy Exchange Fundamentals Summary

How do Indian Energy Exchange's earnings and revenue compare to its market cap?
540750 fundamental statistics
Market Cap₹149.64b
Earnings (TTM)₹3.09b
Revenue (TTM)₹4.84b

48.4x

P/E Ratio

30.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
540750 income statement (TTM)
Revenue₹4.84b
Cost of Revenue₹0
Gross Profit₹4.84b
Other Expenses₹1.75b
Earnings₹3.09b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.45
Gross Margin100.00%
Net Profit Margin63.84%
Debt/Equity Ratio0%

How did 540750 perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

58%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 540750 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 540750?

Other financial metrics that can be useful for relative valuation.

540750 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue28.1x
Enterprise Value/EBITDA32.6x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

How does 540750's PE Ratio compare to its peers?

540750 PE Ratio vs Peers
The above table shows the PE ratio for 540750 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average39x
CRISIL CRISIL
46.7x15.0%₹235.5b
BSE BSE
31.9x13.2%₹81.2b
MCX Multi Commodity Exchange of India
45.3x22.6%₹65.0b
532835 ICRA
31.9x16.4%₹35.8b
540750 Indian Energy Exchange
48.4x35.3%₹149.6b

Price-To-Earnings vs Peers: 540750 is expensive based on its Price-To-Earnings Ratio (48.4x) compared to the peer average (39x).


Price to Earnings Ratio vs Industry

How does 540750's PE Ratio compare vs other companies in the IN Capital Markets Industry?

Price-To-Earnings vs Industry: 540750 is expensive based on its Price-To-Earnings Ratio (48.4x) compared to the Indian Capital Markets industry average (17.3x)


Price to Earnings Ratio vs Fair Ratio

What is 540750's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

540750 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio48.4x
Fair PE Ratio27.3x

Price-To-Earnings vs Fair Ratio: 540750 is expensive based on its Price-To-Earnings Ratio (48.4x) compared to the estimated Fair Price-To-Earnings Ratio (27.3x).


Share Price vs Fair Value

What is the Fair Price of 540750 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 540750 (₹167.1) is trading above our estimate of fair value (₹28.89)

Significantly Below Fair Value: 540750 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: 540750 is poor value based on its PEG Ratio (1.4x)


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Future Growth

How is Indian Energy Exchange forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


35.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 540750's forecast earnings growth (35.3% per year) is above the savings rate (6.7%).

Earnings vs Market: 540750's earnings (35.3% per year) are forecast to grow faster than the Indian market (17.4% per year).

High Growth Earnings: 540750's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 540750's revenue (32.9% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: 540750's revenue (32.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 540750's Return on Equity is forecast to be very high in 3 years time (92.7%).


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Past Performance

How has Indian Energy Exchange performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


18.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 540750 has high quality earnings.

Growing Profit Margin: 540750's current net profit margins (63.8%) are higher than last year (57.9%).


Past Earnings Growth Analysis

Earnings Trend: 540750's earnings have grown by 18.4% per year over the past 5 years.

Accelerating Growth: 540750's earnings growth over the past year (50.1%) exceeds its 5-year average (18.4% per year).

Earnings vs Industry: 540750 earnings growth over the past year (50.1%) exceeded the Capital Markets industry 43.3%.


Return on Equity

High ROE: 540750's Return on Equity (43.9%) is considered outstanding.


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Financial Health

How is Indian Energy Exchange's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 540750's short term assets (₹14.7B) exceed its short term liabilities (₹9.5B).

Long Term Liabilities: 540750's short term assets (₹14.7B) exceed its long term liabilities (₹390.8M).


Debt to Equity History and Analysis

Debt Level: 540750 is debt free.

Reducing Debt: 540750 had no debt 5 years ago.

Debt Coverage: 540750 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 540750 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Indian Energy Exchange current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.20%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 540750's dividend (1.2%) is higher than the bottom 25% of dividend payers in the Indian market (0.42%).

High Dividend: 540750's dividend (1.2%) is low compared to the top 25% of dividend payers in the Indian market (1.87%).


Stability and Growth of Payments

Stable Dividend: 540750 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 540750's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (58%), 540750's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (23.8%), 540750's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Satyanarayan Goel (67 yo)

1.83yrs

Tenure

₹24,851,000

Compensation

Mr. Satyanarayan N. Goel serves as Managing Director and Chief Executive Officer at Indian Energy Exchange Limited since August 24, 2020. He has been Chairman of Indian Energy Exchange Limited since July 2...


CEO Compensation Analysis

Compensation vs Market: Satyanarayan's total compensation ($USD316.86K) is below average for companies of similar size in the Indian market ($USD455.14K).

Compensation vs Earnings: Satyanarayan's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 540750's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: 540750's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Indian Energy Exchange Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Indian Energy Exchange Limited
  • Ticker: 540750
  • Exchange: BSE
  • Founded: 2007
  • Industry: Financial Exchanges and Data
  • Sector: Diversified Financials
  • Implied Market Cap: ₹149.641b
  • Shares outstanding: 895.52m
  • Website: https://www.iexindia.com

Number of Employees


Location

  • Indian Energy Exchange Limited
  • Plot No. C-001/A/A
  • 9th Floor
  • Noida
  • Uttar Pradesh
  • 201301
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.