Looking At Indian Energy Exchange Limited (NSE:IEX) From All Angles
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I've been keeping an eye on Indian Energy Exchange Limited (NSE:IEX) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe IEX has a lot to offer. Basically, it is a company with great financial health as well as a an impressive track record of performance. Below is a brief commentary on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on Indian Energy Exchange here.
Flawless balance sheet with outstanding track record
In the previous year, IEX has ramped up its bottom line by 25%, with its latest earnings level surpassing its average level over the last five years. This illustrates a strong track record, leading to a satisfying return on equity of 45%. which is an notable feat for the company. IEX's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This indicates that IEX has sufficient cash flows and proper cash management in place, which is an important determinant of the company’s health. IEX currently has no debt on its balance sheet. It has only utilized funding from its equity capital to run the business, which is typically normal for a small-cap company. IEX has plenty of financial flexibility, without debt obligations to meet in the short term, as well as the headroom to raise debt should it need to in the future.
Next Steps:
For Indian Energy Exchange, there are three relevant factors you should look at:
Future Outlook: What are well-informed industry analysts predicting for IEX’s future growth? Take a look at our free research report of analyst consensus for IEX’s outlook.
Valuation: What is IEX worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether IEX is currently mispriced by the market.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of IEX? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
