💡 Did you know?
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Indian Energy Exchange Limited is a Power Exchange. 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. It offers various trade markets, such as the…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, steadily growing business, trading cheap versus its own history.
Indian Energy Exchange is scored on the commodity / cyclical framework. It keeps a fat 66.0% of every rupee of sales as net profit. Cash broadly tracks reported profit (CFO/PAT 0.88×). Free cash flow is worth about 2.1% of its market value.
Over the last 3 years revenue compounded at 16%/yr and profit at 17%/yr. Book value itself has compounded 20%/yr — the hallmark of a genuine compounder. Return on equity is an elite 35.8%. In the latest quarter profit grew 3% versus the prior quarter.
At 20× earnings, the stock sits at the 3rd percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price implies ~8%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 18.64 | — | — |
| P/B | 6.67 | 2.53 | worse |
| EV/EBITDA | 13.98 | 28.92 | better |
| ROE | 35.8 | 11.4 | better |
| ROCE | 46.63 | 9.78 | better |
| ROA | 19.95 | — | — |
| Quick Ratio | 2 | 1.98 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| BSE | 50.5 | 19.5 | 38.8% |
| Multi Commodity Exchange | 50.0 | 25.6 | 51.2% |
| CDSL | 55.2 | 14.0 | 25.5% |
Revenue has grown every year across all 4 financial years shown. 16% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder.
Operating margin has expanded from 85% to 86% — the business is keeping more of each rupee earned.
ROE at 36% — the business earns well above its cost of equity. ROE powered by fat margins — the hallmark of a high-quality franchise with pricing power. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. 17% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (10% spread) — a predictable, non-seasonal revenue stream.
Quarterly net margins are expanding (65% → 69%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
MF stake down 2.7pp — domestic funds are booking profits or rebalancing out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.