Financials Indian Energy Exchange Limited

Equities

IEX

INE022Q01020

Financial & Commodity Market Operators

Market Closed - NSE India S.E. 05:17:54 21/06/2024 pm IST 5-day change 1st Jan Change
181.8 INR +0.43% Intraday chart for Indian Energy Exchange Limited +1.16% +8.19%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 49,764 38,153 99,283 2,01,222 1,13,761 1,61,626 - -
Enterprise Value (EV) 1 50,440 37,881 97,113 1,98,896 1,06,269 1,19,468 1,57,013 1,50,566
P/E ratio 30.2 x 21.5 x 46.5 x 66.5 x 39.1 x 35 x 42 x 35.8 x
Yield - 1.95% 1.2% 0.89% 0.78% 1.22% 1.27% 1.52%
Capitalization / Revenue 19.6 x 14.8 x 31.3 x 47.3 x 28.4 x 26.6 x 31.4 x 27.3 x
EV / Revenue 19.9 x 14.7 x 30.6 x 46.7 x 26.5 x 26.6 x 30.5 x 25.4 x
EV / EBITDA 24.9 x 18.5 x 37.4 x 54.4 x 31.6 x 31.6 x 36.1 x 29.9 x
EV / FCF 37.5 x 30.8 x 33.7 x 25.6 x -340 x 45.4 x 34.8 x 29.4 x
FCF Yield 2.67% 3.25% 2.96% 3.91% -0.29% 2.2% 2.87% 3.4%
Price to Book 13.5 x 9.79 x 18.7 x 28.7 x 14.5 x 17.2 x 14.4 x 12.1 x
Nbr of stocks (in thousands) 9,04,800 8,94,568 8,94,975 8,95,516 8,89,107 8,89,227 - -
Reference price 2 55.00 42.65 110.9 224.7 128.0 181.8 181.8 181.8
Announcement Date 26/04/19 14/05/20 13/05/21 27/04/22 25/05/23 15/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,541 2,570 3,171 4,255 4,009 4,492 5,154 5,916
EBITDA 1 2,028 2,045 2,594 3,656 3,365 3,785 4,354 5,039
EBIT 1 1,924 1,892 2,436 3,493 3,179 3,581 4,401 5,086
Operating Margin 75.72% 73.62% 76.81% 82.07% 79.31% 79.72% 85.39% 85.97%
Earnings before Tax (EBT) 1 2,317 2,278 2,818 3,996 3,887 4,568 5,159 5,937
Net income 1 1,650 1,779 2,135 3,025 2,927 3,414 3,884 4,549
Net margin 64.96% 69.22% 67.32% 71.09% 73.02% 76.02% 75.35% 76.89%
EPS 2 1.820 1.987 2.383 3.380 3.270 3.840 4.324 5.073
Free Cash Flow 1 1,347 1,230 2,879 7,769 -312.3 3,335 4,509 5,118
FCF margin 53% 47.84% 90.79% 182.56% -7.79% 73.18% 87.49% 86.5%
FCF Conversion (EBITDA) 66.4% 60.14% 110.97% 212.51% - 86.02% 103.56% 101.56%
FCF Conversion (Net income) 81.6% 69.12% 134.86% 256.81% - 96.5% 116.1% 112.5%
Dividend per Share 2 - 0.8333 1.333 2.000 1.000 2.212 2.309 2.758
Announcement Date 26/04/19 14/05/20 13/05/21 27/04/22 25/05/23 15/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2025 Q1
Net sales 1 850.2 950.2 904.6 1,092 1,996 1,142 1,117 983.5 952 1,936 1,003 1,070 1,040 1,105 2,126 1,184 1,269 -
EBITDA 1 721.2 808.4 765.9 957.7 1,643 981.5 950.7 810.1 789.4 1,600 832.8 932.6 815.5 1,006 1,738 1,089 1,214 -
EBIT 1 - - - 916.6 - 940.2 909.7 768.2 743.7 - 783.6 883.6 765.5 866.8 - 960.2 1,027 -
Operating Margin - - - 83.97% - 82.33% 81.42% 78.11% 78.12% - 78.14% 82.56% 73.58% 78.43% - 81.1% 80.94% -
Earnings before Tax (EBT) 1 782.8 837.4 839.7 1,031 - 1,060 1,065 913.2 924.2 - 947.7 - 990.9 1,014 - 1,072 1,290 -
Net income 1 600.8 638.3 636.2 781.1 1,417 799.1 808.8 685.9 700.6 1,386 711.8 828.7 741.4 799.7 1,570 884.1 980.8 -
Net margin 70.67% 67.17% 70.33% 71.55% 71% 69.97% 72.39% 69.74% 73.59% 71.63% 70.99% 77.43% 71.26% 72.36% 73.86% 74.67% 77.27% -
EPS 0.6700 0.7133 0.7100 0.8700 - 0.8900 0.9000 0.7700 0.7800 - 0.7900 0.9300 - 0.8829 - 1.066 1.112 -
Dividend per Share 2 - 1.333 - - - - 2.000 - - - - 1.000 - - - - 1.562 -
Announcement Date 21/01/21 13/05/21 22/07/21 21/10/21 21/10/21 24/01/22 27/04/22 25/07/22 20/10/22 20/10/22 20/01/23 25/05/23 27/07/23 - 02/11/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 676 - - - - - - -
Net Cash position 1 - 273 2,170 2,326 7,492 10,251 4,613 11,060
Leverage (Debt/EBITDA) 0.3334 x - - - - - - -
Free Cash Flow 1 1,347 1,230 2,879 7,769 -312 3,335 4,509 5,118
ROE (net income / shareholders' equity) 50.5% 46.8% 46.3% 49.1% 39.4% 39.5% 37% 36.6%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 4.080 4.360 5.930 7.820 8.810 10.60 12.60 15.00
Cash Flow per Share - - - - - - - -
Capex 1 36 49 165 108 87.4 50 50 50
Capex / Sales 1.42% 1.91% 5.19% 2.54% 2.18% 1.1% 0.97% 0.85%
Announcement Date 26/04/19 14/05/20 13/05/21 27/04/22 25/05/23 15/05/24 - -
1INR in Million2INR
Estimates
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