Mehabe score: 7 G Factor: 5 Piotski Score: 9 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 5 and Piotski score of 9.
Description
Indian Energy Exchange is a Power Exchange, licensed by the Central Electricity Regulatory Commission (CERC) for spot trading in power / electricity and trading of Renewal Energy Certificate (REC) and Energy Saving Certificates (ESCerts). The main activity of the company is to provide an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity.(Source : 202003-01 Annual Report Page No:139)Site:IEXMain Symbol:IEX
Stock trades at 420.0, above its 50dma 398.88. It also trades above its 200dma 322.34. The stock remains bullish on techicals
The 52 week high is at 454.85 and the 52week low is at 181.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– is expected to give good quarter
– has a good return on equity (ROE) track record: 3 Years ROE 46.42%
– has been maintaining a healthy dividend payout of 25.62%
-‘s median sales growth is 16.01% of last 10 years
Weakness
– Stock is trading at 23.65 times its book value
Competition
– The industry trades at a mean P/E of 27.4x. Jubilant Ingrevia trades at the industry’s max P/E of 153.95x. IEX trades at a P/E of 53.7x
– Industry’s mean G-Factor is 3.9 while the mean Piotski score is 9.0. IEX has a G-Factor of 5 and Piotski scoreof 9.
– Average 1 month return for industry is 8.8%. The max 1- month return was given by C D S L: a return of 30.72 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 90.0 cr compared to Rs 66.0 cr for period ended Jun 2020, a rise of 36.4%
Operating Profits reported at Rs 77.0 cr for period ended Jun 2021 vis-vis 49.0 for period ended Jun 2020 .
Operating Margins expanded 1131.3 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 2.12 compared to Rs 2.13 for previous quarter ended Mar 2021 and Rs 1.43 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 341.0 cr for period ended TTM vis-vis sales of Rs 317.0 cr for the period ended Mar 2021, a growth of 7.0%. The 3 year sales cagr stood at 10.3%.
Operating margins expanded to 84.0% for period ended TTM vis-vis 82.0% for period ended Mar 2021, expansion of 200.0 bps.
Net Profit reported at Rs 234.0 cr for period ended TTM vis-vis sales of Rs 213.0 cr for the period ended Mar 2021, rising 9.0%.
Company recorded a healthy Net Profit CAGR of 12.4% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 304.0 cr for period ended Mar 2021 vis-vis Rs 128.0 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 47.0% compared to 46.0% over the last 3 Years. – The stock has given a return of 124% on a 1 Year basis vis-vis a return of 38% over the last 3 Years. – The compounded sales growth on a TTM bassis is 30% vis-vis a compounded sales growth of 11% over the last 3 Years. – The compounded profit growth on a TTM basis is 29% vis-vis a compounded profit growth of 21% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 36.66% vis-vis 36.81% for Mar 2021 – Public shareholding has risen for the period ended Jun 2021. The Jun 2021 public holding stood at 37.53% vis-vis 34.93% for Mar 2021
Conclusion
– is almost debt free.
– is expected to give good quarter
– has a good return on equity (ROE) track record: 3 Years ROE 46.42%
– has been maintaining a healthy dividend payout of 25.62%
-‘s median sales growth is 16.01% of last 10 years – Stock is trading at 23.65 times its book value
