Iex share price nse

• The company has shown a good profit growth of 22.3829134001832% for the Past 3 years. • The company has shown a good revenue growth of 18.7574628105109% for the Past 3 years. • Company has been maintaining healthy ROE of 48.4164983369331% over the past 3 years. • Company has been maintaining healthy ROCE of 62.3482082164284% over the past 3 years. • Company is virtually debt free. • Company has a healthy Interest coverage ratio of 203.342700896248. • The Company has been maintaining an effective average operating margins of 81.4639731190316% in the last 5 years. • The company has an efficient Cash Conversion Cycle of 38.8401546330461 days. • The company has a good cash flow management; CFO/PAT stands at 1.50345373246181. Quarterly Result (All Figures in Cr.) PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Net Sales 111.73 98.35 95.2 100.28 107.03 Total Expenditure 16.66 17.34 16.26 16.99 13.77 Operating Profit 95.07 81.01 78.94 83.28 93.26 Other Income 16.03 15.04 18.57 17.07 22.52 Interest 0.46 0.55 0.52 0.67 0.73 Depreciation 4.1 4.19 4.57 4.93 4.91 Exceptional Items 0 0 0 0 0 Profit Before Tax 106.53 91.32 92.42 94.77 110.15 Tax 25.66 22.73 22.36 23.59 27.28 Profit After Tax 80.88 68.59 70.06 71.18 82.87 Adjusted EPS (Rs) 0.9 0.76 0.78 0.79 0.93 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Net Sales 230.45 254.08 257.03 317.11 425.55 Total Expenditure 45.58 51.26 52.56 57.68 59.97 Operating Pr...

Synopsis Shares of Indian Energy Exchange (IEX) fell by 15% to a 52-week low of INR116 ($1.56) on NSE on Friday after the Ministry of Power decided to go ahead with market coupling. An independent third-party will collect buy and sell bids and decide a uniform market price across all exchanges. Brokerage firm Nuvama described this move as a big negative for IEX and recommended a "reduce" rating on the stock with a price target of INR127. Brokerage firm Nuvama has called this a “big negative for IEX” and recommended a ‘Reduce’ rating on the counter. It has a price target of Rs 127 on the stock. Currently, IEX is the most trusted platform for electricity spot price determination in India, which is its business moat, Nuvama said in a note. It added that the MoP has already directed CERC to expedite the consultation process and finalise the implementation of market coupling. Market coupler collects all buy and sell orders from all the power exchanges, which is then aggregated and matched to discover a uniform market clearing price, across all exchanges regardless of platform, the brokerage firm explained. Market expert Sandip Sabharwal advised investors to avoid this stock, calling it cyclical in nature. Government intervention on top of it has made the story even more sour, he added. On MoP's decision, Sabharwal said it was always a challenge buying stock of companies which are prone to government interventions as they bring about huge swings in profitability. It is a challen...

Last week, domestic brokerage Antique Stock Broking had downgraded to SELL for a price target of Rs 105. It had said that spot market prices will be higher than bilateral prices—unlike in the past which was favorable for exchanges. The possibility of a coupling operator can net the power flow within each zone—posing a new challenge for dominant exchanges like IEX. Incentives by competitor exchanges—like HPX and PXIL, can eat into volume growth.

NAME P/E (x) P/B (x) ROE % ROCE % ROA % Rev CAGR [3Yr] OPM NPM Basic EPS Current Ratio Total Debt/ Equity (x) Total Debt/ CFO (x) 36.40 13.93 38.27 46.38 21.04 16.64 97.54 73.00 3.42 1.26 0.00 0.00 53.04 3.82 7.19 9.21 4.92 4.87 38.12 29.97 29.27 1.81 0.00 0.00 35.23 2.75 8.16 7.65 3.68 14.67 29.79 16.91 16.06 1.61 0.00 0.00 Add More Meeting Date Announced on Purpose Details May 25, 2023 May 18, 2023 Board Meeting Audited Results & Final Dividend Jan 20, 2023 Jan 09, 2023 Board Meeting Quarterly Results Nov 25, 2022 Nov 18, 2022 Board Meeting Buy Back of Shares Oct 20, 2022 Oct 12, 2022 Board Meeting Quarterly Results Jul 25, 2022 Jul 19, 2022 Board Meeting Quarterly Results • About Indian Energy Exchg Indian Energy Exchange Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 11,132.78 Crore) operating in Financial Services sector. Indian Energy Exchange Ltd. key Products/Revenue Segments include Sale of services and Other Operating Revenue for the year ending 31-Mar-2022. For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 129.59 Crore, up 10.43 % from last quarter Total Income of Rs 117.35 Crore and up .89 % from last year same quarter Total Income of Rs 128.44 Crore. Company has reported net profit after tax of Rs 82.80 Crore in latest quarter. The company’s top management includes Mr.Satyanarayan Goel, Mr.Amit Garg, Mr.Gautam Dalmia, Prof.Kayyalathu Thomas Chacko, Ms.Sudha Pillai, Mr.Tejpreet Sin...