Indian Energy Exchange Industries LTD (IEX) Multibagger 2021 Analysis
In this article we can explore the possibility of Indian Energy Exchange ( IEX) as a Multibagger 2021 Stock based on Value Investing principles.
About Indian Energy Exchange
INDIAN ENERGY EXCHANGE (IEX) is India’s first and no. 1 electricity exchange. It is a transparent, neutral, demutualized, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform. Indian Energy Exchange is India’s premier energy marketplace, providing a nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates. More recently, IEX has pioneered cross border electricity trade expanding its power market beyond India in an endeavor to create an integrated South Asian Power Market. IEX is powered by state-of-the-art, intuitive and customer centric technology, enabling efficient price discovery and facilitating the ease of power procurement.
IEX has a robust ecosystem of 6,800+ participants located across 29 States and 5 Union Territories comprising of 55+ distribution utilities and 500+ conventional generators. It also has a strong base of 4400+ commercial and industrial consumers representing industries such as such as metal, food processing, textile, cement, ceramic, chemicals, automobiles, information technology industries, institutional, housing, and real estate, and commercial entities.
The Exchange has ISO Certifications for quality management, Information security management and environmental management since August 2016 and is approved and regulated by the Central Electricity Regulatory Commission and has been operating since 27 June 2008.The Exchange is a publicly listed company with NSE and BSE since October 2017.
- Cross border electricity trade
- Green term-ahead market
- Renewable energy certificates
- Energy saving certificates
- Exchange Trading Application
- Trading technology infrastructure
- Exchange connectivity
- Technology development center
Profit & loss
Warren Buffet, Value & Growth Checklist
|Capitalization||Rs. 24000 Crore|
|Sales Increasing past 3 Years||Yes, 50%|
|Profit Increasing past 3 Years||Yes, 80%|
|Durable Competitive Advantage||Yes|
|Debt Equity Ratio||0.00|
|Intrinsic Value Discount||0%|
|Promoter Holding & Increase||0%|
|Multibagger Returns||Difficult to say as it is Super Over-valued without having Super-High Performance|
- High Moat & Unique Business Model
- Single Platform for RE Generators
- Best in Class Service Providers at One Platform
- Company is almost debt free.
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 46.21%
- Company has been maintaining a healthy dividend payout of 56%
- Stock is trading at 40 times its book value
- Very High PE Ratio
- No Intrinsic Value Discount
- No Promoter Holdings
- Company’s median sales growth is 16.01% of last 10 years
As per the R&D the company have NO Multibagger Potential as per Value Investing grounds.
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