MarketFriction

IRM Energy Ltd

NSE IRMENERGY · BSE 544004 · LPG/CNG/PNG/LNG Supplier
₹257.70 -2.55%
NSE close2026-10-01
52 week range165.40 - 378.00
Market cap₹1,098 Cr.
P/E15.0
IPO 2023 · -49% since Price band 10% Delivery 53.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales220226214225232251268262259265280326
Expenses178184192195205229251237233235250264
Operating Profit424223302622172627303062
OPM %19%19%11%13%11%9%6%10%10%11%11%19%
Other Income4710997986655
Interest579565643363
Depreciation677898101110111216
Profit before tax343516262116112019221847
Tax %18%31%32%29%38%32%57%27%25%32%25%28%
Net Profit2624919121041413141334
EPS in Rs8.605.792.194.552.932.461.073.393.063.403.118.23
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales841661905079808919751,0671,130
Expenses62116116321868742877954982
Operating Profit21507318611214998112148
OPM %26%30%39%37%11%17%10%11%13%
Other Income0013624322522
Interest61016222327221514
Depreciation4912152126354450
Profit before tax133146152741207479106
Tax %10%33%24%25%24%23%36%28%
Net Profit1121351286386455373
EPS in Rs5.277.7712.0343.5920.8720.8611.0112.9617.80
Dividend Payout %2%0%0%0%2%7%14%12%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%41%3%12%
Compounded Profit Growth%9%-6%81%
Stock Price CAGR%%%-24%
Return on Equity%13%7%5%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2227292930414141
Reserves124868193295870899956
Borrowings11914519023534125115273
Other Liabilities29505297127135177226
Total Liabilities1812693385557931,2971,2701,296
Fixed Assets136198241300381557649788
CWIP1629205291878899
Investments0083687426347
Other Assets284270166234611469362
Total Assets1812693385557931,2971,2701,296
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3144451295312094143
Cash from Investing Activity-86-76-42-110-208-291-199-44
Cash from Financing Activity64351015118380-116-96
Net Cash Flow941433-37209-2213
Free Cash Flow-56-311038-109-58-36-39
CFO/OP149%101%75%81%73%89%108%139%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days139221614151611
Inventory Days22431222
Days Payable3125483715171316
Cash Conversion Cycle-17-14-22-18116-4
Working Capital Days-76-47-35-34-11-52-45-30
ROCE %22%24%47%17%15%8%9%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters50.07%50.07%50.07%50.07%50.07%50.07%50.07%50.07%50.07%50.07%50.74%
FIIs0.50%1.08%0.48%1.90%1.65%1.69%1.63%1.57%1.56%1.59%1.59%
DIIs12.58%12.86%11.17%6.75%6.96%6.62%5.64%4.98%4.97%3.58%1.70%
Public36.84%35.99%38.29%41.28%41.31%41.63%42.65%43.39%43.40%44.77%45.95%
No. of Shareholders77,35760,02660,41063,72264,35163,98363,78567,67465,77264,93576,224

Fundamentals

Market Cap₹ 1,098 Cr.
Current Price₹ 267
Stock P/E15.0
Book Value₹ 243
ROCE8.63 %
ROE5.49 %
Dividend Yield0.56 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)81%
Consolidated figures.
Valuation
Market capRs 1,058 Cr
Enterprise valueRs 821 Cr
P/E (TTM)14.47x
Price to book1.16x
Price to sales0.94x
EV / EBITDA4.81x
EV / EBIT6.80x
EV / sales0.73x
Price to cash flow8.79x
Earnings yield6.91%
Dividend yield0.58%
P/E, 3-year average22.49x
P/B, 3-year average2.12x
P/E, 5-year average22.49x
P/B, 5-year average2.12x
Profitability
Operating margin (excl. other income)16.71%
Operating margin (incl. other income)19.39%
EBITDA margin15.10%
Pre-tax margin9.40%
Net profit margin6.47%
Net margin, latest quarter10.38%
ROE13.86%
ROCE16.00%
ROA8.20%
ROE, 3-year average39.05%
ROCE, 3-year average26.72%
ROA, 3-year average15.42%
ROE, 5-year average39.36%
ROCE, 5-year average25.34%
ROA, 5-year average13.42%
ROIC (approx.)13.71%
Tax rate23.44%
Other income / net worth2.62%
Growth
Sales growth (latest year)-9.14%
Profit growth (latest year)35.66%
Sales CAGR, 3 years67.48%
Sales CAGR, 5 years60.41%
Profit CAGR, 3 years34.91%
Profit CAGR, 5 years49.87%
Sales growth QoQ16.51%
Profit growth QoQ164.97%
Sales growth YoY (latest quarter)24.13%
Profit growth YoY (latest quarter)142.89%
Per share
EPS (TTM)Rs 17.81
EPS (latest year)Rs 20.86
EPS (latest quarter)Rs 8.23
EPS, 3-year averageRs 28.44
EPS, 5-year averageRs 21.03
Book value per shareRs 221.79
Sales per shareRs 275.21
Cash flow per shareRs 29.30
Free cash flow per shareRs -9.50
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout7.19%
Dividend payout, 3-year average4.79%
Dividend payout, 5-year average4.79%
Efficiency
Asset turnover0.69x
Fixed asset turnover1.60x
Inventory turnover164.62x
Inventory days2 days
Debtor days15 days
Debtors turnover24.20x
Creditor days16 days
Cash conversion cycle-4 days
Working capital days-30 days
Leverage
Total debtRs 251 Cr
Cash and bankRs 488 Cr
Net debtRs -237 Cr
Debt to equity0.28x
Net debt / EBITDA-1.39x
Interest coverage8.36x
Current ratio (filing 2026-03-31)1.83x
Quick ratio (filing 2026-03-31)1.81x
Trade payables (filing 2026-03-31)Rs 36 Cr
Owners' fund to total sources70.23%
Debt to assets19.32%
Cash flow
Cash from Operating Activity (latest year)Rs 120 Cr
Cash from Investing Activity (latest year)Rs -291 Cr
Cash from Financing Activity (latest year)Rs 380 Cr
Net Cash Flow (latest year)Rs 209 Cr
Free cash flow (latest year)Rs -39 Cr
FCFE (approx.: FCF + change in debt)Rs -129 Cr
Cash from ops / profit, 5 years1.44x
Sales to cash flow7.40x
Statement figures
Net sales (TTM)Rs 1,130 Cr
Net sales (latest year)Rs 891 Cr
Sales (latest quarter)Rs 326 Cr
Operating profit excl. other income (latest year)Rs 149 Cr
Operating profit (latest quarter)Rs 62 Cr
Other income (TTM)Rs 22 Cr
EBITDA (TTM)Rs 171 Cr
PBDT (TTM)Rs 156 Cr
Profit before tax (TTM)Rs 106 Cr
Tax (latest year)Rs 28 Cr
Net profit (TTM)Rs 73 Cr
Net profit (latest year)Rs 86 Cr
Net profit (latest quarter)Rs 34 Cr
Depreciation (TTM)Rs 50 Cr
Depreciation (latest quarter)Rs 16 Cr
Interest (TTM)Rs 14 Cr
Cost of goods sold (latest year)Rs 706 Cr
Total expenditure (latest year)Rs 742 Cr
Total income (latest year)Rs 914 Cr
Share capitalRs 41 Cr
ReservesRs 870 Cr
Shareholders' fundsRs 911 Cr
Total assetsRs 1,297 Cr
Net blockRs 557 Cr
Capital work in progressRs 87 Cr
InvestmentsRs 42 Cr
ReceivablesRs 37 Cr
InventoryRs 4 Cr
Other liabilitiesRs 135 Cr
Shares outstanding (crore)4.11
Ownership
Promoter holding50.74% (+0.67 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 14.5 is at the 19th percentile of its own 3.1-year range (median 23.7, low 10.1, high 65.9).
P/B 1.16 is the lowest in 3.1 years (median 5.14).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodIRMENERGYNifty 50Difference
1 week-3.7%-2.8% -0.9 pts
1 month-8.1%-6.8% -1.3 pts
3 months-5.1%-7.6% +2.5 pts
6 months+42.9%+0.4% +42.5 pts
1 year-27.1%-9.9% -17.2 pts
2 years-43.5%-13.6% -29.9 pts
3 mutual fund schemes hold about ₹21 Cr. Over three months 2 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bandhan Small Cap Fund0.03%11 -3%
DSP Natural Res & New Energy Fund0.19%5 +7%
DSP Natural Res & New Energy Fund0.19%5 +7%

Red flags

F-score 5 of 8
explainShare dilution Share count up 36% in a year, 42% in three
lookAuditor change Auditor change 2026-10-01: IRM Energy Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹326 Cr +24.4% vs Jun 2025. Net profit ₹34 Cr +142.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Rs 1.50 Per Share
2025-09-18Dividend - Rs 1.50 Per Share
2024-07-12Dividend - Rs 1.5 Per Share
DateTypeWhat it says
2026-10-01Change in AuditorsChange in Auditors of the company.
2026-10-01Shareholder meetingIRM Energy Limited has submitted the Exchange Voting Results and Consolidated Scrutinizer s Report for the 11th Annual General Meeting of the Company
2026-09-29Shareholder meetingProceedings of 11th Annual General Meeting held on September 29, 2026
2026-09-16Concall / analyst meetSchedule of meet
2026-09-12Shareholder meetingProceedings of Court Convened General Meeting held on September 12, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report...
2026-09-04General UpdatesBusiness Responsibility and Sustainability Report for the financial year ended March 31, 2026.
2026-09-04Shareholder meetingNotice of 11th Annual General Meeting to be held on September 29, 2026
2026-09-04Credit RatingCredit Rating
2026-08-18Credit RatingCredit Rating
2026-08-13Monitoring Agency ReportMonitoring Agency Report for the quarter ended June 30, 2026
2026-08-13General UpdatesDisclosure under Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-08-13Change in ManagementChanges in Chief Financial Officer of the Company.
2026-08-12Concall / analyst meetTranscript of Earnings Conference call for the quarter ended June 30, 2026.
2026-08-10Shareholder meetingNotice of Court Convened General Meeting of Unsecured Creditors to be held on September 12, 2026 at 12:30 P.m. as per the Order of NCLT Ahmedbad
2026-08-10Shareholder meetingNotice of Court Convened General Meeting of Equity Shareholders to be held on September 12, 2026 at 10:30 a.m. as per the Order of NCLT Ahmedabad
2026-08-07Concall / analyst meetLink of Recording
2026-08-06Press ReleaseA press release dated August 06, 2026, titled "IRM Energy Delivers Record Q1FY27 Performance".
2026-08-06Investor PresentationInvestor Presentation
2026-08-06Record DateRecord date for the purpose of Dividend is 11-Sep-2026.
2026-08-06Change in AuditorsChange in Auditors of the company.
2026-08-06Board meeting outcomeIRM Energy Limited has submitted to the Exchange, the Unaudited Standalone and Consolidated Financial Results for the period ended Jun 30, 2026.
2026-08-01Change in ManagementChange in Management
2026-07-27Concall / analyst meetSchedule of investors/analysts earnings conference call
2026-06-12Concall / analyst meetSchedule of Investors/Analysts Meeting
2026-06-12Change in ManagementChange in Management - Appointment of Senior Management Personnel of the Company
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 100perc in previous 6 months

Quick answers

What is the market cap of IRM Energy Ltd?

IRM Energy Ltd (IRMENERGY) has a market capitalisation of Rs 1,098 Cr. at the 2026-10-01 close.

What is the P/E ratio of IRM Energy Ltd?

IRM Energy Ltd trades at a P/E of 15.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were IRM Energy Ltd's latest quarterly results?

In the Jun 2026 quarter, IRM Energy Ltd sales was Rs 326 Cr (+24.4% vs Jun 2025) and net profit was Rs 34 Cr.

What is the 52-week high and low of IRM Energy Ltd?

The 52-week high is Rs 378.00 and the 52-week low is Rs 165.40.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03