Indian Energy Exchange Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 9293.74 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 96.09 Crore, up 22.09 % from last quarter Total Income of Rs 78.71 Crore and up 38.42 % from last year same quarter Total Income of Rs 69.42 Crore. Company reported net profit after tax of Rs 58.14 Crore in latest quarter.
Investment Rationale
Long-term potential for
remains huge, given the nascent market share for exchanges in India’s Power generation. With newer product launches, a continued oversupplied market, and IEX’s competitive positioning, the brokerage expects volume/PAT to increase at 17%/20% CAGR over FY21-23E and build in higher RTM volumes
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Dec 30, 2020, while FIIs held 30 per cent, DIIs 36.6 per cent and public and others 33.4 per cent.
