IEX

Indian Energy Exchange

₹160.8
+3.05 (1.93%)
28 May, 2024 00:17 BSE: 540750 NSE: IEXISIN: INE022Q01020

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Indian Energy Exchange Performance

Day Range

  • Low 158
  • High 164
₹ 160

52 Week Range

  • Low 116
  • High 173
₹ 160
  • Open Price158
  • Previous Close158
  • Volume23829842

Indian Energy Exchange Share Price

  • Over 1 Month +1.23%
  • Over 3 Month +9.35%
  • Over 6 Month +13.2%
  • Over 1 Year +3.21%

Indian Energy Exchange Key Statistics

P/E Ratio 40.9
PEG Ratio 2.8
Market Cap Cr 14,338
Price to Book Ratio 14.7
EPS 3.8
Dividend 1.2
Relative Strength Index 63.16
Money Flow Index 72.78
MACD Signal 1.64
Average True Range 5.47
Indian Energy Exchange Financials
IndicatorMar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 121115109104107
Operating Expenses Qtr Cr 1615162214
Operating Profit Qtr Cr 105100928293
Depreciation Qtr Cr 55555
Interest Qtr Cr 11111
Tax Qtr Cr 3231282527
Net Profit Qtr Cr 9589837483
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 551474
Operating Expenses Annual Cr 7164
Operating Profit Annual in Cr 378336
Depreciation Cr 2019
Interest Annual Cr 32
Tax Annual Cr 11596
Net Profit Annual Cr 341293
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 300-22
Cash from Investing Activity Annual Cr -2670
Cash from Financing Annual Activity Cr -183-215
Net Cash Flow Annual Cr -167
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 948784
Fixed Assets Annual Cr 104114
Total Non Current Assets Annual Cr 568672
Total Current Assets Annual Cr 1,181767
Total Assets Annual Cr 1,7491,439
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 119
ROE Annual % 3637
ROCE Annual % 4647
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 107102
IndicatorMar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 121115109104107
Operating Expenses Qtr Cr 1717172214
Operating Profit Qtr Cr 10599928293
Depreciation Qtr Cr 55555
Interest Qtr Cr 11111
Tax Qtr Cr 3230282527
Net Profit Qtr Cr 9792867688
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 551474
Operating Expenses Annual Cr 7264
Operating Profit Annual in Cr 377336
Depreciation Cr 2019
Interest Annual Cr 32
Tax Annual Cr 11596
Net Profit Annual Cr 351306
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 298-23
Cash from Investing Activity Annual Cr -2470
Cash from Financing Annual Activity Cr -183-215
Net Cash Flow Annual Cr -167
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 972799
Fixed Assets Annual Cr 105114
Total Non Current Assets Annual Cr 590682
Total Current Assets Annual Cr 1,184772
Total Assets Annual Cr 1,7741,453
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 119
ROE Annual % 3638
ROCE Annual % 4546
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 107102

Indian Energy Exchange Technicals

EMA & SMA

Current Price
₹160.8
+3.05 (1.93%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹152.90
  • 50 Day
  • ₹149.70
  • 100 Day
  • ₹147.36
  • 200 Day
  • ₹145.33
  • 20 Day
  • ₹152.24
  • 50 Day
  • ₹146.91
  • 100 Day
  • ₹148.14
  • 200 Day
  • ₹142.09

Indian Energy Exchange Resistance and Support

PIVOT
₹160.99
Resistance
First Resistance 163.77
Second Resistance 166.73
Third Resistance 169.52
RSI 63.16
MFI 72.78
MACD Single Line 1.64
MACD 2.58
Support
First Support 158.02
Second Support 155.23
Third Supoort 152.27

Indian Energy Exchange Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 26,444,551 890,388,032 33.67
Week 23,773,341 783,331,586 32.95
1 Month 13,707,893 490,879,664 35.81
6 Month 14,692,904 543,637,443 37

Indian Energy Exchange Result Highlights

Indian Energy Exchange Synopsis

NSE-Financial Svcs-Specialty

Indian Energy Exchan is involved in the business activities of Administration of financial markets. Company’s Total Operating Revenue is Rs. 230.45 Cr. and Equity Capital is Rs. 30.16 Cr. for the Year ended 31/03/2018. 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 U74999DL2007PLC277039 and registration number is 277039.
Market Cap 14,294
Sales 449
Shares in Float 89.17
No of funds 207
Yield 1.35
Book Value 14.83
U/D Vol ratio 1.7
LTDebt / Equity
Alpha -0.23
Beta 1.83

Indian Energy Exchange Shareholding Pattern

Owner NameMar-24Dec-23Sep-23Jun-23
Promoters
Mutual Funds 20.92%20.44%17.32%15.68%
Insurance Companies 4.84%4.53%4.65%4.77%
Foreign Portfolio Investors 10.89%13.37%14.12%17.28%
Financial Institutions/ Banks
Individual Investors 40.74%38.93%42.34%40.84%
Others 22.61%22.73%21.57%21.43%

Indian Energy Exchange Management

Name Designation
Mr. Satyanarayan Goel Chairman & Managing Director
Mr. Gautam Dalmia Non Executive Director
Mr. Amit Garg Non Executive Director
Ms. Sudha Pillai Independent Director
Mr. Tejpreet Singh Chopra Independent Director
Prof. Kayyalathu Thomas Chacko Independent Director

Indian Energy Exchange Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Indian Energy Exchange Corporate Action

Date Purpose Remarks
2024-05-15 Audited Results & Final Dividend
2024-01-25 Quarterly Results & Interim Dividend
2023-11-02 Quarterly Results
2023-07-27 Quarterly Results
2023-05-25 Audited Results & Final Dividend
Date Purpose Remarks
2024-05-31 FINAL Rs.1.50 per share(150%)Final Dividend
2024-02-03 INTERIM Rs.1.00 per share(100%)Interim Dividend
2023-07-28 FINAL Rs.1.00 per share(100%)Final Dividend
2022-08-12 FINAL Rs.1.00 per share(100%)Final Dividend
2022-02-04 INTERIM Rs.1.00 per share(100%)Interim Dividend
Date Purpose Remarks
2021-12-06 Bonus Re.0.00 issue in the ratio of 2:1 of Re. 1/-.

About Indian Energy Exchange

The Indian Energy Exchange is the country's leading energy exchange, offering a countrywide electronic trading network for the physical delivery of electricity, renewable energy, and certificates. IEX has recently pioneered cross-border energy trade with an integrated South Asian Power Market to develop and expand its power market outside India.

Expansion

The IEX ecosystem includes more than 6,800 participants from 29 states and five union territories, including 55 distribution utilities and 500 conventional generators. It also has a solid base of over 4400 commercial and industrial customers, including metal, food processing, textiles, cement, ceramics, chemicals, autos, information technology, institutional, housing, real estate, and corporate bodies.

Trading Market Choices and Offerings

Electricity Market

1. Day-Ahead Market: The Day-Ahead Market is a physical power trading market for sales commencing at midnight for any/some/all 15-minute time blocks in the next 24 hours. 
2. Term Ahead Market: Includes various products that allow participants to purchase and sell electricity on a term basis for up to 11 days ahead of time.
3. Real-Time Market: The Real-Time Market is a market sector in which a new auction session takes place every half hour, with electricity being distributed afterwards. 4-time blocks or one hour after the auction's gate close. 
4. Cross Border Electricity Trade: Electricity cross-border is an effort to increase the Indian power sector to create an integrated South Asian power market.

Green Market

1. Green Term Ahead Market: The Green-Term Ahead Market is a market sector for trading renewable energy that is delivered. Contracts such as Intraday, Day-ahead Contingency, Daily, and Weekly are available in this market segment, divided into solar and non-solar categories. 
2. Green Day-Ahead Market: Solar, Non-Solar, and Hydro are the three bid categories for buyers and sellers. Sellers in each category, i.e. solar, non-solar, and hydro, have separate quantity limits.

Certificate Market

1. Renewable Energy Certificates: RECs are divided into two types: solar and non-solar. Electricity and RECs are positioned as fundamental drivers of the renewable energy market.
2. Energy Saving Certificates: A market-based instrument developed for energy-intensive businesses and sectors users to lower their specific energy usage overtime to meet set objectives. The certificates were developed under the Ministry of Power's Perform Achieve Trade initiative. 

Timeline and Development

On 26 March 2007, Indian Energy Exchange Limited was established as a public limited company in Maharashtra.
On April 17, 2007, the Company received a certificate of incorporation.
In 2008, trading in the Day-Ahead Market (DAM) began on its exchange with 58 participants. Around 20 million units volume cleared in DAM daily.
In 2009, the IEX enrolled first open access customers and established Term-Ahead Market.
In 2010, Trading in the term-ahead market (TAM) and the first industrial consumer was registered on the company's exchange. The average monthly cleared volume on its exchange exceeded 500 million units (MU).
In 2011, the first non-solar Renewable energy certificates (RECs) were first traded on its exchange.
In 2012, the first solar REC trade agreement was signed with PJM Technologies, introducing a 15-minute contract in DAM.
In 2013, the IEX signed an MOU with EPAX SPOT (France).
In 2014, the daily average cleared volume on its exchange was 79 million units per day, with the largest cleared volume in a single day being 117 million units.
In 2015, the IEX created a round-the-clock Term-Ahead Market, and the exchange's biggest cleared volume in a single day was over 131 million units.
In August 2016, the Exchange was awarded three ISO certifications, including ISO 9001:2008 for quality management, ISO 27001:2013 for information security management, and ISO 14001:2004 for environmental management.
On 26 September 2017, it began trading energy-saving certificates (ESCerts) on its platform.
Between the 9th and 11th of October 2017, the company launched an initial public offering (IPO). The offering for sale of 60.65 lakh shares by selling stockholders as part of the IPO.
In 2018 the IEX signed a Memorandum of Understanding with JEPX (Japan).
In 2019, the greatest volume traded on its exchange in the Day-Ahead Market (DAM) was 306 MU. This is an all-time high volume.
During the year 2019, the Company started a buyback proposal for up to 3729729 fully paid-up equity shares.
In 2020, two new bid categories were introduced along with TAM contract enhancements.
In 2020, the IEX signed a Memorandum of Understanding (MOU) on the Real-Time Electricity Market (RTM) with Power Ledger, Australia.
The Indian Gas Exchange was established (IGX), and the Green Term-Ahead Market (G-TAM) was also launched in the same year.
On 17 April 2021, IEX pioneered cross-border power exchange when it began trading with Nepal on its Day Ahead electricity market by adopting the improved MILP algorithm and launching a web-based trading platform.
On 21 August 2021, Following CERC permission, the Green-Term Ahead Market was launched.
On 29 March 2022, ONGC became the first domestic producer to cohere IGX.
On the 30th of March, the REC trading session at IEX witnessed a cleared volume of 5.11 lac RECs.

Conclusion

Indian Energy Exchange Limited offers a power-trading platform for the physical supply of electricity. For power market players, the company facilitates price discovery and risk management. In India, the metal, food processing, textile, cement, ceramic, chemicals, autos, and information technology sectors are served by the Indian Energy Exchange.

Indian Energy Exchange FAQs

What is Share Price of Indian Energy Exchange ?

Indian Energy Exchange share price is ₹160 As on 28 May, 2024 | 00:03

What is the Market Cap of Indian Energy Exchange ?

The Market Cap of Indian Energy Exchange is ₹14338.4 Cr As on 28 May, 2024 | 00:03

What is the P/E ratio of Indian Energy Exchange ?

The P/E ratio of Indian Energy Exchange is 40.9 As on 28 May, 2024 | 00:03

What is the PB ratio of Indian Energy Exchange ?

The PB ratio of Indian Energy Exchange is 14.7 As on 28 May, 2024 | 00:03

Who is the owner of IEX India?

From 19 February 2021, Mr. Satyanarayan Goel has been appointed Chairman and Managing Director of the Company.

How does IEX generate revenue?

Transaction fees (which account for around 84% of IEX's revenue) and annual subscription fees are the company's main revenue sources (5% of revenues). The trading volume on its exchange has increased at a stunning rate of over 32% CAGR since its operations in 2008.

Who is eligible to trade on the IEX?

Only Exchange Members who IEX has approved are permitted to enter into Contracts and conduct transactions related to such Contracts. Individuals who are not members of the Exchange can participate as Clients through a registered Exchange Member.

What is the Future for IEX share?

As of 30 March 2022, the Indian Energy Exchange Limited quotation was 224.600 INR. For 29 March 2027, it is estimated that the IEX stock price would be  997.604 INR, based on forecasts of long-term growth. The income is estimated to be roughly +344.17% after a 5-year investment.

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