IEX Stock Analysis - 15 Reasons to Invest & Not Invest

Written By: Stocks and Ladder

Covers:
⚡ Products & Market Segments
⚡ Financials & Valuations
⚡ 15 Reasons to Invest/Not Invest
⚡ Final Conclusion

https://finmedium.com/2021/05/indian-energy-exchange-limited-analysis/?amp

*Esab India Ltd.* | *CMP* Rs. 1887 | *M Cap* Rs. 2905 Cr | *52 W H/L* 2150/1020
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 207 Cr (12.5% QoQ, 18.3% YoY) vs QoQ Rs. 183.9 Cr, YoY Rs. 175 Cr
EBIDTA came at Rs. 28.8 Cr (46.3% QoQ, 15.3% YoY) vs QoQ Rs. 19.7 Cr, YoY Rs. 24.9 Cr
EBITDA Margin came at 13.9% vs QoQ 10.7%, YoY 14.3%
Adj. PAT came at Rs. 19.7 Cr vs QoQ Rs. 14.7 Cr, YoY Rs. 18.1 Cr
Quarter EPS is Rs. 12.8
Share is trading at P/E of 49x TTM EPS

*Ganesha Ecosphere Ltd.* | *CMP* Rs. 613 | *M Cap* Rs. 1338 Cr | *52 W H/L* 689/154
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 249.2 Cr (6.3% QoQ, 23.6% YoY) vs QoQ Rs. 234.5 Cr, YoY Rs. 201.7 Cr
EBIDTA came at Rs. 33.1 Cr (3.6% QoQ, 84.2% YoY) vs QoQ Rs. 31.9 Cr, YoY Rs. 18 Cr
EBITDA Margin came at 13.3% vs QoQ 13.6%, YoY 8.9%
Adj. PAT came at Rs. 17.8 Cr vs QoQ Rs. 20.1 Cr, YoY Rs. 16.1 Cr
Quarter EPS is Rs. 8.2
Share is trading at P/E of 30.7x TTM EPS

*Amber Enterprises India Ltd.* | *CMP* Rs. 3006 | *M Cap* Rs. 10128 Cr | *52 W H/L* 3668/1056
(Nirmal Bang Retail Research)
*Result is marginally below expectations* due to higher raw material costs
Revenue from Operations came at Rs. 1598.4 Cr (109% QoQ, 21.5% YoY) vs expectation of Rs. 1619.8 Cr, QoQ Rs. 764.7 Cr, YoY Rs. 1315.2 Cr
Gross Profit Margins came at 15.9% vs QoQ 18.5%, YoY 16.6%
EBIDTA came at Rs. 141.2 Cr (124% QoQ, 38.6% YoY) vs expectation of Rs. 147.3 Cr, QoQ Rs. 63 Cr, YoY Rs. 101.9 Cr
EBITDA Margin came at 8.8% vs expectation of 9.1%, QoQ 8.2%, YoY 7.7%
Adj. PAT came at Rs. 75.5 Cr vs expectation of Rs. 84.3 Cr, QoQ Rs. 26.9 Cr, YoY Rs. 62.8 Cr
Quarter EPS is Rs. 22.4
Share is trading at P/E of 45.7x FY22E EPS

*CCL PRODUCTS (INDIA) LTD.* | *CMP* Rs. 312 | *M Cap* Rs. 4150 Cr | *52 W H/L* 327/174
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 331.6 Cr (11.9% QoQ, 25.3% YoY) vs expectation of Rs. 300.9 Cr, QoQ Rs. 296.2 Cr, YoY Rs. 264.6 Cr
EBIDTA came at Rs. 85.2 Cr (23.8% QoQ, 20.5% YoY) vs expectation of Rs. 67.8 Cr, QoQ Rs. 68.8 Cr, YoY Rs. 70.7 Cr
EBITDA Margin came at 25.7% vs expectation of 22.5%, QoQ 23.2%, YoY 26.7%
Adj. PAT came at Rs. 49.2 Cr vs expectation of Rs. 45.2 Cr, QoQ Rs. 47.1 Cr, YoY Rs. 42.2 Cr Lower PAT grwoth QoQ is on account of higher Tax
Quarter EPS is Rs. 3.7
Share is trading at P/E of 19x FY22E EPS

*FTSE GEIS Jun-21 Review - INCLUSIONS*

Large Cap - GLAND

Mid Cap - IRFC

Small Cap - CAMS

Micro Cap - BURGERKING, HOMEFIRST, MAZDOCK, HEMIPROP, BECTORFOOD, STOVEKRAFT, FAIRCHEMOR, AWHCL, ANANTRAJ.