Indian Energy Exchange Limited provides automated trading platform for physical delivery of electricity, renewable energy, and certificates. The company offers Day-Ahead Market, a physical electricity trading market which allows market participants to buy and sell electricity for the next day; Term-Ahead-Market that provides a range of products allowing participants to buy and sell electricity on intra-day, and term ahead contracts; Real-Time Market, an auction session every half an hour with power to be delivered after 4 time blocks or an hour after gate closure of the auction; Green Day-Ahead Market that allows market participants to buy and sell renewable electricity for the next day; Cross-Border Electricity Trade expands the Indian power market towards building an integrated South Asian power market; High Price Day Ahead Market, a part of integrated day ahead market allows market participants to buy and sell electricity for the next day to be traded are determined through a double-sided closed auction bidding process; and Green-Term Ahead Market, a market solution for renewable energy trading which features contracts, including Green-Intraday, Green-Day-ahead Contingency, Green-Daily, and Green-Weekly. It also provides renewable energy and energy saving certificates. The company was incorporated in 2007 and is based in Noida, India.
Research context
Indian Energy Exchange Limited appears in PyInvesting’s India Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- INR
- Sector
- Financial Services
- Industry
- Capital Markets
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5 years, 6 months ago
Indian Energy Exchange Limited is currently in a long term uptrend where the price is trading 37.6% above its 200 day moving average.
From a valuation standpoint, the stock is 1.1% more expensive than other stocks from the Financial Services sector with a price to sales ratio of 35.3.
Indian Energy Exchange Limited's total revenue rose by 42.8% to $852M since the same quarter in the previous year.
Its net income has increased by 39.5% to $581M since the same quarter in the previous year.
Finally, its free cash flow grew by 74.1% to $943M since the same quarter in the previous year.
Based on the above factors, Indian Energy Exchange Limited gets an overall score of 4/5.