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IRM Energy Ltd (IRMENERGY)

₹448.20.93%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 1 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 1 analysts offering long term price targets for IRM Energy Ltd. An average target of ₹665

Source: S&P Global Market Intelligence

IRM Energy Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹445.25
    ₹452.8
  • 52 Week's Low

    52 Week's High

    ₹431.6
    ₹641
1 Month Return-2.06 %
3 Month Return-25.16 %
1 Year Return-4.39 %
Previous Close₹452.40
Open₹450.50
Volume80.18K
Upper Circuit-
Lower Circuit-
Market Cap₹1,857.54Cr

Key Statistics

P/E Ratio17.49
PEG Ratio3.81
Market Cap₹1,857.54 Cr
P/B Ratio2.15
EPS0

Peer Comparison

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Quant Active Fund Growth Option Direct PlanQuant Active Fund Growth Option Direct Plan0.49%
DSP Small Cap Fund Direct Plan GrowthDSP Small Cap Fund Direct Plan Growth0.29%
LIC MF Flexi Cap Fund Direct Plan Growth OptionLIC MF Flexi Cap Fund Direct Plan Growth Option1.07%
DSP Natural Resources & New Energy Fund Direct Plan GrowthDSP Natural Resources & New Energy Fund Direct Plan Growth0.72%
ITI Mid Cap Fund Direct GrowthITI Mid Cap Fund Direct Growth0.23%

Company Information

IRM Energy Limited was incorporated as a Private Limited Company in the name of IRM Energy Private Limited vide Certificate of Incorporation dated December 1 2015 issued by the Registrar of Companies Gujarat at Ahmedabad. Subsequently Company was converted from a Private Company to Public Company and the name of Company was changed to IRM Energy Limited through a Fresh Certificate of Incorporation dated March 23 2022 was issued by the RoC.The Company is a city gas distribution CGD company in India with operations at Banaskantha Gujarat Fatehgarh Sahib Punjab Diu Gir Somnath Union Territory of Daman and Diu/Gujarat and Namakkal Tiruchirappalli Tamil Nadu engaged in the business of laying building operating and expanding the city or local natural gas distribution network. The Company develop natural gas distribution projects in the geographical areas for industrial commercial domestic and automobile customers. The Company supply natural gas to two primary set of customer segments comprising of CNG Compressed Natural Gas and PNG Piped Natural Gas. CNG customers include operators of public transport vehicles such as taxis autorickshaws and private vehicles such as cars buses light goods vehicles and heavy goods vehicles. PNG customers are broadly classified into three segments which are industrial PNG small medium and largesized enterprises commercial PNG such as hotels restaurants bakeries hostels and community halls and domestic PNG predominantly using PNG as cooking gas.In 2017 the Company started operations by commissioning their first City Gate Station at Banaskantha commissioned Mother Station at Banaskantha commissioned DODO Station at Banaskantha in 2018 it commissioned a City Gate Station at Fatehgarh Sahib commissioned a Mother Station at Fatehgarh Sahib. Later in 2021 it commissioned the 50th CNG Stations including DODO Stations and OMC Stations in 2022 it commissioned LCNG Station at Gir Somnath commissioned over 35000 PNG domestic connections at Banaskantha in 2023 it commissioned over 50000 PNG domestic connections at Company level commissioned first CNG Station at Namakkal and Tiruchirappalli GA OMC Station.The Company propose Initial Public Fresh Issue of 10800000 Equity Shares..

Share Price: ₹448.20 per share as on 22 Jul, 2024 04:01 PM
Market Capitalisation: ₹1,857.54Cr as of today
Revenue: ₹214.25Cr as on March 2024 (Q1 24)
Net Profit: ₹11.24Cr as on March 2024 (Q1 24)
Listing date: 26 Oct, 2023
Chairperson Name: M S Sahu
OrganisationIRM Energy Ltd
Headquarters
IndustryGas Distribution
E-voting on sharesClick here to vote

Key events for IRM Energy Ltd

  • IRM Energy's Free Cash Flow Falls Short of Covering Statutory Profit - 28 May, 2024

    IRM Energy Limited had an accrual ratio of 0.24 for the year to March 2024, indicating that its free cash flow fell well short of covering its statutory profit. The company had negative free cash flow of ₹575m in contrast to a profit of ₹856.7m, suggesting that its true underlying earnings power may be less than its statutory profit.

  • IRM Energy FY 2024 Revenues Beat Expectations - 24 May, 2024

    IRM Energy reported revenues of ₹9.80b (down 5.7% YoY) and net income of ₹856.7m (up 36% YoY), with a profit margin increase to 8.7%. EPS fell short of estimates at ₹24.47. The company forecasts revenue growth of 33% p.a. for the next two years, compared to a decline forecast for the Gas Utilities industry in India. Shares are down 10% from a week ago.

  • IRM Energy Reports Strong Q4 Results - 22 May, 2024

    IRM Energy reported strong Q4 results with a significant increase in net profit and EPS. The standalone and consolidated net sales for March 2024 were down by 4.75% YoY.

Insights on IRM Energy Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 4.81% to 7.17% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 223.63 Cr → 233.24 Cr (in ₹), with an average increase of 4.1% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, IRMENERGY stock has moved up by 2.5%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 50.07% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 1.28% to 0.50% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 36.88% to 36.78% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 26.91 Cr → 23.78 Cr (in ₹), with an average decrease of 6.0% per quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹214.25Cr
↓5.25%
Net Income
₹11.24Cr
↓53.82%
Net Profit Margin
5.25%
↓51.21%
2024Y/Y Change
Revenue
₹890.52Cr
↓9.14%
Net Income
₹91.49Cr
↑62.07%
Net Profit Margin
10.27%
↑78.30%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹1,281.57Cr
↑66.00%
Total Liabilities
₹342.59Cr
↓19.63%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹120.32Cr
↑157.64%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
50.07%
0.00
Foreign Institutions
0.48%
-55.62
Mutual Funds
6.64%
-5.35
Retail Investors
38.28%
6.39
Others
4.53%
-22.63

Key Indicators

IRM Energy Ltd Valuation

IRM Energy Ltd in the last 5 years

  • Overview

  • Trends

Lowest (17.12x)

June 4, 2024

Today (17.49x)

July 19, 2024

Industry (30.01x)

July 19, 2024

Highest (24.00x)

February 1, 2024

LowHigh

Earnings and Dividends

  • IRM Energy Ltd Earnings Results

    IRM Energy Ltd’s net profit jumped 122.28% since last year same period to ₹8.98Cr in the Q4 2023-2024. On a quarterly growth basis, IRM Energy Ltd has generated -62.24% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • IRM Energy Ltd Dividends May,2024

    In the quarter ending March 2024, IRM Energy Ltd has declared dividend of ₹1.50 - translating a dividend yield of 0.33%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

IRM Energy Ltd is currently in a Bearish trading position according to technical analysis indicators.

Frequently Asked Questions

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IRM Energy Ltd (IRMENERGY) share price today is ₹448.2

IRM Energy Ltd is listed on NSE

IRM Energy Ltd is listed on BSE

  • Today’s highest price of IRM Energy Ltd is ₹452.8.
  • Today’s lowest price of IRM Energy Ltd is ₹445.25.

PE Ratio of IRM Energy Ltd is 17.49

PE ratio = IRM Energy Ltd Market price per share / IRM Energy Ltd Earnings per share

Today’s traded volume of IRM Energy Ltd(IRMENERGY) is 80.18K.

Today’s market capitalisation of IRM Energy Ltd(IRMENERGY) is ₹1857.54Cr.

IRM Energy Ltd(IRMENERGYPrice
52 Week High
₹641
52 Week Low
₹431.6

IRM Energy Ltd(IRMENERGY) share price is ₹448.2. It is down -30.08% from its 52 Week High price of ₹641

IRM Energy Ltd(IRMENERGY) share price is ₹448.2. It is up 3.85% from its 52 Week Low price of ₹431.6

IRM Energy Ltd(IRMENERGYReturns
1 Day Returns
-4.2%
1 Month Returns
-2.06%
3 Month Returns
-25.16%
1 Year Returns
-4.39%