About
About Indian Energy Exchange Limited
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.
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5 years, 4 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.