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Indian Energy Exchange Limited (540750) Press Release Analysis

Corporate Events

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-11-29 11:21:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Positive

Indian Energy Exchange Limited Approves Formati...

2022-11-26 05:01:00

Indian Energy Exchange Limited informed that the Board of Directors in their meeting held on November 25, 2022, has accorded its in-principle ...

Positive

Indian Energy Exchange Limited (BSE:540750) ann...

2022-11-25 15:59:00

Indian Energy Exchange Limited (BSE:540750) announces a share repurchase program. Under the program, the company will repurchase up to INR 980...

Positive

Indian Energy Exchange Limited authorizes a Buy...

2022-11-25 00:00:00

The Board of Directors of Indian Energy Exchange Limited has authorized a buyback plan on November 25, 2022.

Neutral

Indian Energy Exchange Limited, Board Meeting, ...

2022-11-18 12:19:00

Indian Energy Exchange Limited, Board Meeting, Nov 25, 2022. Agenda: To consider a proposal for buyback of fully paid-up equity shares of the ...

Positive

Indian Energy Exchange Limited's Board intends ...

2022-11-18 00:00:00

On November 18, 2022, the company announced that its Board of Directors will consider a share repurchase program. Under the program the compan...

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-11-01 11:49:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited, Q2 2023 Earning...

2022-10-14 07:01:00

Indian Energy Exchange Limited, Q2 2023 Earnings Call, Oct 21, 2022

Neutral

Indian Energy Exchange Limited to Report Q2, 20...

2022-10-12 12:05:00

Indian Energy Exchange Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Oct 20, 2022

Neutral

Indian Energy Exchange Limited, Board Meeting, ...

2022-10-12 12:05:00

Indian Energy Exchange Limited, Board Meeting, Oct 20, 2022, at 14:00 Indian Standard Time. Agenda: To consider and approve Unaudited Financia...

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-09-29 11:23:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-09-07 11:49:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Analyst/Investor Day

2022-09-06 12:30:00

Indian Energy Exchange Limited - Analyst/Investor Day

Positive

Indian Energy Exchange Limited Approves Interim...

2022-09-02 12:09:00

Indian Energy Exchange Limited at its AGM held on September 2, 2022 approved Interim Dividend of INR 1 (Rupee One) per equity share of face va...

Negative

Indian Energy Exchange Limited Approves Final D...

2022-09-02 12:09:00

Indian Energy Exchange Limited at its AGM held on September 2, 2022 approved Final Dividend of INR 1 (Rupee One) per equity share of face valu...

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-08-17 12:12:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-08-09 11:13:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-08-04 08:09:00

AGM

Neutral

Indian Energy Exchange Limited, Annual General ...

2022-08-04 08:09:00

Indian Energy Exchange Limited, Annual General Meeting, Sep 02, 2022, at 12:00 Indian Standard Time. Agenda: To consider the audited standalon...

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-08-03 09:05:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-08-03 09:05:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Negative

Indian Energy Exchange Limited Recommends Final...

2022-07-25 10:39:00

Indian Energy Exchange Limited recommends final dividend of INR 1/- (Rupee One) per equity share having face value of INR 1 (Rupee One) each f...

Neutral

Indian Energy Exchange Limited, Q1 2023 Earning...

2022-07-20 11:46:00

Indian Energy Exchange Limited, Q1 2023 Earnings Call, Jul 26, 2022

Neutral

Indian Energy Exchange Limited to Report Q1, 20...

2022-07-19 11:16:00

Indian Energy Exchange Limited announced that they will report Q1, 2023 results on Jul 25, 2022

Neutral

Indian Energy Exchange Limited, Board Meeting, ...

2022-07-19 11:16:00

Indian Energy Exchange Limited, Board Meeting, Jul 25, 2022. Agenda: To consider and approve the Unaudited Financial Results (Standalone & Con...

Negative

Indian Energy Exchange Limited Announces Cessat...

2022-07-18 14:02:00

Indian Energy Exchange Limited announced the cessation of Mr. Rajeev Gupta as Director of the Company with effect from July 17, 2022, being th...

Positive

Spice AI, Inc. announced a financing transaction

2022-07-15 00:00:00

Spice AI, Inc. announced that it will receive $14,599,155 in funding on July 15, 2022. The company will issue common shares in the transaction...

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-06-22 14:12:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-06-22 14:12:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-06-21 10:59:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-05-25 11:22:00

AGM

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-05-25 08:55:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited Presents at IIFL...

2022-05-25 08:55:00

Indian Energy Exchange Limited Presents at IIFL Invest India Conference, May-26-2022 .

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-05-21 10:01:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

IIFL Securities Limited, IIFL Invest India Conf...

2022-05-18 08:16:00

IIFL Securities Limited, IIFL Invest India Conference, May 26, 2022 through May 27, 2022.

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-05-12 12:17:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-05-06 11:41:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Negative

Indian Energy Exchange Limited Recommends Final...

2022-04-27 13:01:00

The Board of Directors of Indian Energy Exchange Limited have recommended final dividend of INR 1 per equity share having face value of INR 1 ...

Negative

Indian Energy Exchange Limited Appoints Rajeev ...

2022-04-27 13:01:00

The Board of Directors of Indian Energy Exchange Limited appointed Mr. Rajeev Gupta as an Additional Director designated as Non-Executive Inde...

Positive

Indian Energy Exchange Limited, 1.00 (INR), Cas...

2022-04-27 00:00:00

Indian Energy Exchange Limited, 1.00 (INR), Cash Dividend, Aug-11-2022

Neutral

Indian Energy Exchange Limited, Q4 2022 Earning...

2022-04-18 12:00:00

Indian Energy Exchange Limited, Q4 2022 Earnings Call, Apr 28, 2022

Neutral

Indian Energy Exchange Limited to Report Q4, 20...

2022-04-15 06:59:00

Indian Energy Exchange Limited announced that they will report Q4, 2022 results on Apr 27, 2022

Neutral

Indian Energy Exchange Limited, Board Meeting, ...

2022-04-15 06:59:00

Indian Energy Exchange Limited, Board Meeting, Apr 27, 2022, at 14:00 Indian Standard Time. Agenda: to consider and Approve the Audited Financ...

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-02-10 06:18:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited Presents at Edel...

2022-02-07 16:57:00

Indian Energy Exchange Limited Presents at Edelweiss India Conference 2022 - India 2025: The New Edge, Feb-07-2022 .

Neutral

Edelweiss Financial Services Limited, Edelweiss...

2022-02-07 16:16:00

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - India 2025: The New Edge, Feb 07, 2022 through Feb 11, 2022.

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-02-07 14:07:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-01-27 05:17:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2022-01-25 11:21:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Positive

Indian Energy Exchange Limited, 1.00 (INR), Cas...

2022-01-24 00:00:00

Indian Energy Exchange Limited, 1.00 (INR), Cash Dividend, Feb-03-2022

Neutral

Indian Energy Exchange Limited - Shareholder/An...

2021-12-23 08:59:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-11-29 11:21:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Positive

Indian Energy Exchange Limited Approves Formation of Wholly-Owned Subsidiary Company in India

2022-11-26 05:01:00

Indian Energy Exchange Limited informed that the Board of Directors in their meeting held on November 25, 2022, has accorded its in-principle approval for the formation of a wholly-owned subsidiary company in India to explore the business opportunities in Carbon Market.

Positive

Indian Energy Exchange Limited (BSE:540750) announces an Equity Buyback for 4,900,000 shares, for INR 980 million.

2022-11-25 15:59:00

Indian Energy Exchange Limited (BSE:540750) announces a share repurchase program. Under the program, the company will repurchase up to INR 980 million worth of its shares. The maximum price paid by the shareholders would not exceed INR 200 per share.

Positive

Indian Energy Exchange Limited authorizes a Buyback Plan.

2022-11-25 00:00:00

The Board of Directors of Indian Energy Exchange Limited has authorized a buyback plan on November 25, 2022.

Neutral

Indian Energy Exchange Limited, Board Meeting, Nov 25, 2022

2022-11-18 12:19:00

Indian Energy Exchange Limited, Board Meeting, Nov 25, 2022. Agenda: To consider a proposal for buyback of fully paid-up equity shares of the Company in accordance with the provisions of the Companies Act, 2013, and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended.

Positive

Indian Energy Exchange Limited's Board intends to launch an Equity Buyback on November 25, 2022.

2022-11-18 00:00:00

On November 18, 2022, the company announced that its Board of Directors will consider a share repurchase program. Under the program the company will repurchase its own shares.

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-11-01 11:49:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited, Q2 2023 Earnings Call, Oct 21, 2022

2022-10-14 07:01:00

Indian Energy Exchange Limited, Q2 2023 Earnings Call, Oct 21, 2022

Neutral

Indian Energy Exchange Limited to Report Q2, 2023 Results on Oct 20, 2022

2022-10-12 12:05:00

Indian Energy Exchange Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Oct 20, 2022

Neutral

Indian Energy Exchange Limited, Board Meeting, Oct 20, 2022

2022-10-12 12:05:00

Indian Energy Exchange Limited, Board Meeting, Oct 20, 2022, at 14:00 Indian Standard Time. Agenda: To consider and approve Unaudited Financial Results (Standalone & Consolidated) along with the Limited Review report thereon for the quarter and half year ended September 30, 2022.

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-09-29 11:23:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-09-07 11:49:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Analyst/Investor Day

2022-09-06 12:30:00

Indian Energy Exchange Limited - Analyst/Investor Day

Positive

Indian Energy Exchange Limited Approves Interim Dividend for the Financial Year Ended March 31, 2022

2022-09-02 12:09:00

Indian Energy Exchange Limited at its AGM held on September 2, 2022 approved Interim Dividend of INR 1 (Rupee One) per equity share of face value of INR 1/- (Rupee One) each for the financial year ended March 31, 2022.

Negative

Indian Energy Exchange Limited Approves Final Dividend for the Financial Year Ended March 31, 2022

2022-09-02 12:09:00

Indian Energy Exchange Limited at its AGM held on September 2, 2022 approved Final Dividend of INR 1 (Rupee One) per equity share of face value of INR 1/- (Rupee One) each for the financial year ended March 31, 2022.

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-08-17 12:12:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-08-09 11:13:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-08-04 08:09:00

AGM

Neutral

Indian Energy Exchange Limited, Annual General Meeting, Sep 02, 2022

2022-08-04 08:09:00

Indian Energy Exchange Limited, Annual General Meeting, Sep 02, 2022, at 12:00 Indian Standard Time. Agenda: To consider the audited standalone financial statements of the company for the financial year ended March 31, 2022; to consider the payment of Interim Dividend; to appoint Mr. Gautam Dalmia who retires by rotation as a Director; and to consider other matters.

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-08-03 09:05:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-08-03 09:05:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Negative

Indian Energy Exchange Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022

2022-07-25 10:39:00

Indian Energy Exchange Limited recommends final dividend of INR 1/- (Rupee One) per equity share having face value of INR 1 (Rupee One) each for the financial year ended March 31, 2022, subject to approval of shareholders in the ensuing Annual General Meeting (AGM), the Company has fixed August 12, 2022, as the Record Date for the purpose of determining the entitlement of the shareholders for the final dividend for the financial year ended March 31, 2022. The final dividend, if approved by the shareholders at the ensuing AGM, will be paid/dispatched within 30 days from the date of approval by the shareholders.

Neutral

Indian Energy Exchange Limited, Q1 2023 Earnings Call, Jul 26, 2022

2022-07-20 11:46:00

Indian Energy Exchange Limited, Q1 2023 Earnings Call, Jul 26, 2022

Neutral

Indian Energy Exchange Limited to Report Q1, 2023 Results on Jul 25, 2022

2022-07-19 11:16:00

Indian Energy Exchange Limited announced that they will report Q1, 2023 results on Jul 25, 2022

Neutral

Indian Energy Exchange Limited, Board Meeting, Jul 25, 2022

2022-07-19 11:16:00

Indian Energy Exchange Limited, Board Meeting, Jul 25, 2022. Agenda: To consider and approve the Unaudited Financial Results (Standalone & Consolidated) along with Limited Review report thereon for the quarter ended June 30, 2022.

Negative

Indian Energy Exchange Limited Announces Cessation of Rajeev Gupta as Director

2022-07-18 14:02:00

Indian Energy Exchange Limited announced the cessation of Mr. Rajeev Gupta as Director of the Company with effect from July 17, 2022, being the last date fixed for e-voting. Reason for change is Shareholders have not approved the proposed special resolution being sought through postal ballot for appointment of Mr. Rajeev Gupta as an Independent Director of the Company. Accordingly, Mr. Rajeev ceased to be the Director of the Company with effect from July 17, 2022.

Positive

Spice AI, Inc. announced a financing transaction

2022-07-15 00:00:00

Spice AI, Inc. announced that it will receive $14,599,155 in funding on July 15, 2022. The company will issue common shares in the transaction. The company will issue securities pursuant to exemption provided under Regulation D.

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-06-22 14:12:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-06-22 14:12:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-06-21 10:59:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-05-25 11:22:00

AGM

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-05-25 08:55:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited Presents at IIFL Invest India Conference, May-26-2022

2022-05-25 08:55:00

Indian Energy Exchange Limited Presents at IIFL Invest India Conference, May-26-2022 .

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-05-21 10:01:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

IIFL Securities Limited, IIFL Invest India Conference, May 26, 2022 through May 27, 2022

2022-05-18 08:16:00

IIFL Securities Limited, IIFL Invest India Conference, May 26, 2022 through May 27, 2022.

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-05-12 12:17:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-05-06 11:41:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Negative

Indian Energy Exchange Limited Recommends Final Dividend for the Year Ended March 31, 2022

2022-04-27 13:01:00

The Board of Directors of Indian Energy Exchange Limited have recommended final dividend of INR 1 per equity share having face value of INR 1 (Rupee One) each for the financial year ended March 31, 2022. The dividend will be paid within 30 days from the date of shareholder's approval at the upcoming Annual General Meeting (AGM) of the Company. The necessary communication about the AGM & Record Date will be shared in due course.

Negative

Indian Energy Exchange Limited Appoints Rajeev Gupta as Non-Executive Independent Director

2022-04-27 13:01:00

The Board of Directors of Indian Energy Exchange Limited appointed Mr. Rajeev Gupta as an Additional Director designated as Non-Executive Independent Director of the Company with effect from April 27, 2022, on the Board of the Company. Mr. Rajeev Gupta founded Arpwood Financial Group in 2012 with businesses in M&A investment banking and Private equity buyouts. Previously, he was a Partner of the Carlyle Group and Head of India buyouts from 2005 to 2010, and Joint Managing Director of DSP Merrill Lynch (from 1995 to 2005). Prior to DSP Merrill Lynch, Mr. Rajeev Gupta held leadership positions in industrial companies.

Positive

Indian Energy Exchange Limited, 1.00 (INR), Cash Dividend, Aug-11-2022

2022-04-27 00:00:00

Indian Energy Exchange Limited, 1.00 (INR), Cash Dividend, Aug-11-2022

Neutral

Indian Energy Exchange Limited, Q4 2022 Earnings Call, Apr 28, 2022

2022-04-18 12:00:00

Indian Energy Exchange Limited, Q4 2022 Earnings Call, Apr 28, 2022

Neutral

Indian Energy Exchange Limited to Report Q4, 2022 Results on Apr 27, 2022

2022-04-15 06:59:00

Indian Energy Exchange Limited announced that they will report Q4, 2022 results on Apr 27, 2022

Neutral

Indian Energy Exchange Limited, Board Meeting, Apr 27, 2022

2022-04-15 06:59:00

Indian Energy Exchange Limited, Board Meeting, Apr 27, 2022, at 14:00 Indian Standard Time. Agenda: to consider and Approve the Audited Financial Results (Standalone & Consolidated) of the Company for the Quarter and Year ended March 31, 2022; to consider and Recommend final dividend, if any, for the financial year ended March 31, 2022.

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-02-10 06:18:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited Presents at Edelweiss India Conference 2022 - India 2025: The New Edge, Feb-07-2022

2022-02-07 16:57:00

Indian Energy Exchange Limited Presents at Edelweiss India Conference 2022 - India 2025: The New Edge, Feb-07-2022 .

Neutral

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - India 2025: the New Edge, Feb 07, 2022 through Feb 11, 2022

2022-02-07 16:16:00

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - India 2025: The New Edge, Feb 07, 2022 through Feb 11, 2022.

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-02-07 14:07:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-01-27 05:17:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2022-01-25 11:21:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Positive

Indian Energy Exchange Limited, 1.00 (INR), Cash Dividend, Feb-03-2022

2022-01-24 00:00:00

Indian Energy Exchange Limited, 1.00 (INR), Cash Dividend, Feb-03-2022

Neutral

Indian Energy Exchange Limited - Shareholder/Analyst Call

2021-12-23 08:59:00

Indian Energy Exchange Limited - Shareholder/Analyst Call

Fundamental Summary

The financials published by Indian Energy Exchange for Q1 were strong and encouraging. Their balanced results conveyed remarkable strength in terms of value, growth, and income factors. These above-average results make a strong case overperformance and for anticipating significant upside potential. Therefore, Indian Energy Exchange earned a score of 99 and a STRONG BUY recommendation.

Indian Energy Exchange reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 951.99 million compared to INR 1,103.8 million a year ago. Revenue was INR 1,137.7 million compared to INR 1,223.04 million a year ago. Net income was INR 712.04 million compared to INR 777.26 million a year ago. Basic earnings per share from continuing operations was INR 0.79 compared to INR 0.87 a year ago. Diluted earnings per share from continuing operations was INR 0.79 compared to INR 0.87 a year ago.For the six months, sales was INR 1,935.5 million compared to INR 2,014.09 million a year ago. Revenue was INR 2,271.65 million compared to INR 2,251.82 million a year ago. Net income was INR 1,403.33 million compared to INR 1,405.43 million a year ago. Basic earnings per share from continuing operations was INR 1.57 compared to INR 1.57 a year ago. Diluted earnings per share from continuing operations was INR 1.57 compared to INR 1.57 a year ago.

Sector Overview

Indian Energy Exchange is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Indian Energy Exchange's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Price to Book 28.5 -21.8% 89
Equity 7.0B 12.9% 88
EBITDA 4.2B 9.6% 87
Parameter Value Change Score
Total Revenues 4.8B 6.2% 50
Return on Equity 49.0 -1.8% 66
* All values are TTM

The below chart reflects Indian Energy Exchange's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Indian Energy Exchange's peer average final assessment score stands on 71, Indian Energy Exchange's score is 99.

  •  540750
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Angel One Limited 133.3B 88 69 76
Buy
84
84 0 1
IDFC Limited 131.1B 74 48 68
Hold
63
63 1 1
Tata Investment Corporation Limited 118.8B 90 61 86
Buy
84
84 2 1
UTI Asset Management Company Limited 99.2B 67 60 71
Hold
67
67 3 1
JM Financial Limited 71.1B 77 69 78
Buy
79
79 4 1
JSW Holdings Limited 47.4B 87 64 61
Buy
79
79 5 1
Bengal & Assam Company Limited 42.6B 81 69 80
Buy
80
80 6 1
ICRA Limited 42.4B 73 51 66
Hold
64
64 7 1
Authum Investment & Infrastructure Limited 40.9B 57 72 66
Hold
63
63 8 1
Share India Securities Limited 38.9B 82 76 66
Buy
81
81 9 1
Dhani Services Limited 29.2B 65 62 74
Hold
64
64 10 1
Choice International Limited 26.6B 66 74 66
Hold
70
70 11 1
HDFC Asset Management Company Limited 466.5B 79 66 71
Hold
77
77 12 1
CRISIL Limited 213.7B 76 82 72
Buy
81
81 13 1
ICICI Securities Limited 170.3B 90 59 49
Hold
76
76 14 1
Nippon Life India Asset Management Limited 169.0B 77 68 76
Hold
77
77 15 1
IIFL Wealth Management Limited 162.6B 59 89 50
Hold
69
69 16 1
Central Depository Services (India) Limited 129.4B 79 81 55
Buy
83
83 17 1
Aditya Birla Sun Life AMC Limited 125.0B 86 60 73
Buy
79
79 18 1
Motilal Oswal Financial Services Limited 98.0B 86 75 81
Strong Buy
89
89 19 1
Multi Commodity Exchange of India Limited 79.7B 70 48 76
Hold
62
62 20 1
BSE Limited 78.2B 79 71 83
Buy
83
83 21 1
Edelweiss Financial Services Limited 60.0B 81 65 86
Hold
76
76 22 1
Prudent Corporate Advisory Services Limited 36.8B 89 69 52
Buy
79
79 23 1
IIFL Securities Limited 21.1B 84 70 74
Buy
83
83 24 1
CARE Ratings Limited 16.3B 71 67 76
Hold
71
71 25 1

Macro Environment

Neutral
69

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Indian Energy Exchange Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect Indian Energy Exchange Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Indian Energy Exchange Limited macro environment with the score of 69.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Indian Energy Exchange's stock is now priced above its 50-day, but below its 5-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the medium-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Indian Energy Exchange's stock doesn't strongly signal being overbought or oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 147.8
52W Low 134.6
52W High 295.25
5D MA 148.37
50D MA 143.1
200D MA 178.38
MACD 1.24
RSI 42.33
STOCH 78.33

Balance Sheet Analysis

Indian Energy Exchange appears likely to maintain its strong balance sheet metrics and momentum going forward. Indian Energy Exchange has done an excellent job managing its liabilities. Indian Energy Exchange's liabilities stood at 9.9B in the current filing, which represents a nan% change from the previous report. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 95. Also, Indian Energy Exchange publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 28.5 and represents a -21.8% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. The company's book value factors component, therefore, received a grade of 89. That said, one metric, Assets, stood out as strongly negative. Indian Energy Exchange assets metrics were reported as 17.0B, representing a nan% change from the last filing. The lack of good news about assets momentum should be a cause for concern and is often met with downward pressure on the company's stock price. Its asset component, therefore, received a grade of 40. Therefore, the company's balance sheet earned a grade of 94.

Parameter Value Change Score
Price to Book 28.5 -21.8% 89
Equity 7.0B 12.9% 88
* All values are TTM

The below chart describes Indian Energy Exchange's performance as reflected on its balance sheet with respect to its peers. While Indian Energy Exchange received a balance sheet score of 94, the average of its peers stands on 71.

  •  540750
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Angel One Limited 133.3B 93.0 48.0 39.0 69.0 96.0 88 0 1
IDFC Limited 131.1B 82.0 62.0 64.0 65.0 69.0 74 1 1
Tata Investment Corporation Limited 118.8B 93.0 44.0 66.0 79.0 88.0 90 2 1
UTI Asset Management Company Limited 99.2B 39.0 86.0 78.0 50.0 73.0 67 3 1
JM Financial Limited 71.1B 76.0 58.0 52.0 79.0 79.0 77 4 1
JSW Holdings Limited 47.4B 95.0 44.0 65.0 48.0 90.0 87 5 1
Bengal & Assam Company Limited 42.6B 55.0 56.0 68.0 53.0 90.0 81 6 1
ICRA Limited 42.4B 62.0 69.0 81.0 67.0 68.0 73 7 1
Authum Investment & Infrastructure Limited 40.9B 57.0 78.0 64.0 61.0 57.0 57 8 1
Share India Securities Limited 38.9B 52.0 46.0 83.0 89.0 90.0 82 9 1
Dhani Services Limited 29.2B 67.0 65.0 76.0 66.0 60.0 65 10 1
Choice International Limited 26.6B 58.0 74.0 71.0 68.0 65.0 66 11 1
HDFC Asset Management Company Limited 466.5B 75.0 53.0 51.0 74.0 83.0 79 12 1
CRISIL Limited 213.7B 65.0 55.0 49.0 71.0 86.0 76 13 1
ICICI Securities Limited 170.3B 93.0 43.0 49.0 95.0 88.0 90 14 1
Nippon Life India Asset Management Limited 169.0B 74.0 56.0 47.0 86.0 79.0 77 15 1
IIFL Wealth Management Limited 162.6B 45.0 88.0 63.0 41.0 68.0 59 16 1
Central Depository Services (India) Limited 129.4B 78.0 52.0 73.0 83.0 78.0 79 17 1
Aditya Birla Sun Life AMC Limited 125.0B 43.0 51.0 94.0 91.0 91.0 86 18 1
Motilal Oswal Financial Services Limited 98.0B 85.0 53.0 48.0 80.0 88.0 86 19 1
Multi Commodity Exchange of India Limited 79.7B 85.0 75.0 73.0 41.0 61.0 70 20 1
BSE Limited 78.2B 87.0 56.0 90.0 76.0 70.0 79 21 1
Edelweiss Financial Services Limited 60.0B 49.0 59.0 73.0 59.0 79.0 81 22 1
Prudent Corporate Advisory Services Limited 36.8B 86.0 52.0 82.0 75.0 88.0 89 23 1
IIFL Securities Limited 21.1B 91.0 41.0 48.0 89.0 83.0 84 24 1
CARE Ratings Limited 16.3B 44.0 58.0 50.0 63.0 84.0 71 25 1

Income Statement Analysis

Taking a comprehensive view of Indian Energy Exchange's income statement statement, especially relative to their peers, Indian Energy Exchange looks likely to be able to maintain modest momentum. Indian Energy Exchange's management was effective in improving its EBIDTA, which now sits at 4.2B and represents a 9.6% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 14.5%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. Therefore, its EBITDA component earned a score of 87. However, one discouraging result, Revenue Efficiency, stood out. Indian Energy Exchange management did an underwhelming job managing revenue efficiency this past period. Indian Energy Exchange's revenue efficiency is 4.8B according to the metrics in the current filing, which represents a 6.2% change from the previous report. This metric might have a 5.6 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. As a result, their revenue efficiency earned a score of 50. Consequently, their income statement earned a rank of 77.

Parameter Value Change Score
EBITDA 4.2B 9.6% 87
Total Revenues 4.8B 6.2% 50
Return on Equity 49.0 -1.8% 66
* All values are TTM

The below chart describes Indian Energy Exchange's performance as reflected on its income statement with respect to its peers. While Indian Energy Exchange received a income statement score of 77 , the average of its peers stands on 71.

  •  540750
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Angel One Limited 133.3B 46.0 73.0 70.0 69 0 1
IDFC Limited 131.1B 49.0 68.0 47.0 48 1 1
Tata Investment Corporation Limited 118.8B 41.0 69.0 58.0 61 2 1
UTI Asset Management Company Limited 99.2B 81.0 50.0 58.0 60 3 1
JM Financial Limited 71.1B 48.0 68.0 77.0 69 4 1
JSW Holdings Limited 47.4B 47.0 75.0 53.0 64 5 1
Bengal & Assam Company Limited 42.6B 69.0 61.0 78.0 69 6 1
ICRA Limited 42.4B 87.0 57.0 50.0 51 7 1
Authum Investment & Infrastructure Limited 40.9B 81.0 77.0 66.0 72 8 1
Share India Securities Limited 38.9B 45.0 68.0 83.0 76 9 1
Dhani Services Limited 29.2B 58.0 61.0 63.0 62 10 1
Choice International Limited 26.6B 73.0 68.0 70.0 74 11 1
HDFC Asset Management Company Limited 466.5B 57.0 75.0 57.0 66 12 1
CRISIL Limited 213.7B 58.0 86.0 77.0 82 13 1
ICICI Securities Limited 170.3B 50.0 63.0 56.0 59 14 1
Nippon Life India Asset Management Limited 169.0B 59.0 75.0 59.0 68 15 1
IIFL Wealth Management Limited 162.6B 68.0 87.0 83.0 89 16 1
Central Depository Services (India) Limited 129.4B 47.0 86.0 79.0 81 17 1
Aditya Birla Sun Life AMC Limited 125.0B 81.0 52.0 57.0 60 18 1
Motilal Oswal Financial Services Limited 98.0B 43.0 68.0 93.0 75 19 1
Multi Commodity Exchange of India Limited 79.7B 45.0 65.0 50.0 48 20 1
BSE Limited 78.2B 59.0 69.0 78.0 71 21 1
Edelweiss Financial Services Limited 60.0B 83.0 70.0 62.0 65 22 1
Prudent Corporate Advisory Services Limited 36.8B 48.0 68.0 70.0 69 23 1
IIFL Securities Limited 21.1B 41.0 67.0 81.0 70 24 1
CARE Ratings Limited 16.3B 61.0 71.0 62.0 67 25 1

Cash Flow Analysis

Two main cash flow metrics, Capex and Asset Turnover, are driving the positive outlook for Indian Energy Exchange's financial strength. Indian Energy Exchange's management was effective in improving its CapEx, which now sits at -110.7M and represents nan% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. Consequently, their CapEx movement received a grade of 93. Also, Indian Energy Exchange is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.4, representing a nan% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 3.4%. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. The company's asset turnover movement, therefore, received a grade of 88. However, one discouraging result, Free Cash flow, stood out. Indian Energy Exchange's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. Indian Energy Exchange recorded free cash flow of 8.4, which represents nan% growth from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 7.6 percent by this parameter. Their free cash flow situation is more concerning relative to their peers and competitors. Disappointing results in free cash flow often lead to negative pressure in stock prices, so we rated their free cash flow with a score of 46. Because its management is doing an excellent job managing these critical metrics, the cash flow was given a score of 80.

Parameter Value Change Score
* All values are TTM

The below chart describes Indian Energy Exchange's performance as reflected on its cash flow with respect to its peers. While Indian Energy Exchange received a cash flow score of 80, the average of its peers stands on 61.

  •  540750
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Angel One Limited 133.3B 62.0 74.0 72.0 88.0 76 0 1
IDFC Limited 131.1B 59.0 76.0 82.0 43.0 68 1 1
Tata Investment Corporation Limited 118.8B 78.0 58.0 84.0 88.0 86 2 1
UTI Asset Management Company Limited 99.2B 87.0 52.0 49.0 80.0 71 3 1
JM Financial Limited 71.1B 69.0 68.0 69.0 88.0 78 4 1
JSW Holdings Limited 47.4B 72.0 62.0 59.0 46.0 61 5 1
Bengal & Assam Company Limited 42.6B 61.0 77.0 59.0 85.0 80 6 1
ICRA Limited 42.4B 65.0 71.0 64.0 49.0 66 7 1
Authum Investment & Infrastructure Limited 40.9B 63.0 71.0 69.0 65.0 66 8 1
Share India Securities Limited 38.9B 61.0 91.0 71.0 59.0 66 9 1
Dhani Services Limited 29.2B 65.0 72.0 72.0 70.0 74 10 1
Choice International Limited 26.6B 69.0 67.0 71.0 64.0 66 11 1
HDFC Asset Management Company Limited 466.5B 74.0 61.0 81.0 49.0 71 12 1
CRISIL Limited 213.7B 61.0 78.0 92.0 55.0 72 13 1
ICICI Securities Limited 170.3B 52.0 84.0 48.0 46.0 49 14 1
Nippon Life India Asset Management Limited 169.0B 78.0 59.0 89.0 50.0 76 15 1
IIFL Wealth Management Limited 162.6B 64.0 67.0 43.0 47.0 50 16 1
Central Depository Services (India) Limited 129.4B 72.0 50.0 43.0 45.0 55 17 1
Aditya Birla Sun Life AMC Limited 125.0B 73.0 83.0 53.0 89.0 73 18 1
Motilal Oswal Financial Services Limited 98.0B 68.0 63.0 81.0 93.0 81 19 1
Multi Commodity Exchange of India Limited 79.7B 88.0 47.0 72.0 46.0 76 20 1
BSE Limited 78.2B 77.0 54.0 81.0 89.0 83 21 1
Edelweiss Financial Services Limited 60.0B 81.0 53.0 71.0 87.0 86 22 1
Prudent Corporate Advisory Services Limited 36.8B 49.0 85.0 58.0 60.0 52 23 1
IIFL Securities Limited 21.1B 82.0 38.0 92.0 52.0 74 24 1
CARE Ratings Limited 16.3B 68.0 66.0 82.0 87.0 76 25 1

This report, prepared and provided by Deshe Labs Ltd ("Deshe"), is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used, construed, or considered as financial or investment advice, an offer, a solicitation of any offer, a recommendation, or an offer to invest in, sell or buy the securities mentioned in this report or other form of a financial asset or as a marketing communication under FCA Rules. For the full disclaimer, click here.