IRMENERGYEnergy

IRM Energy Limited

LPG/CNG/PNG/LNG Supplier · ISIN INE07U701015 · BSE 544004 · NSE EQ · FV ₹10
Last price
₹269
+1.87%today
What this company does

IRM Energy Limited operates in LPG/CNG/PNG/LNG Supplier, part of the Energy sector. It booked ₹355 cr of revenue in its latest quarter (Q1 FY27) and kept 9.5% of sales as profit. It is the 7th largest of 7 LPG/CNG/PNG/LNG Supplier companies we track, by market value.

IRM Energy is an integrated energy solutions provider committed to powering a sustainable future with innovation and responsibility. Our Company operates across the renewable energy value chain, from the development and generation to Our Approach distribution along with energy efficiency services; leveraging Growing with Purpose technology, expertise and strong stakeholder partnerships.
In the report:
61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Energy, on the 5 of 6 measures we could read for it. Each measure is ranked against the 19–26 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns44

How much profit it earns on the money it employs

Balance sheet65

How much it owes, and whether earnings cover the interest

Cash quality48

Whether reported profit actually arrives as cash

Valuation71

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 24% vs last year
Profit up 143% vs last year
Promoters hold 51%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in IRMENERGY?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹269 +1.87%
latest close · 2026-09-17
52-wk low ₹25042 sessions so far52-wk high ₹315
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio8.2Low
LowAverageHigh
P/B ratio1.11Moderate
Below bookModerateHigh
EV / EBITDA4.2Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.6%Fair
WeakFairStrong ▸15%
Return on capital18.3%Strong
WeakFairStrong
Net margin9.5%Decent
ThinDecentStrong
EBITDA margin18.9%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.05Comfortable
LowModerateHigh ▸1
Interest cover15.7×Strong
RiskyOkayStrong ▸5×
Current ratio1.83Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,105 cr
Book value
₹243
EPS
₹8.23
latest quarter
Net debt
₹10 cr
owes more than its cash
Enterprise value
₹1,115 cr
EBITDA
₹268 cr
annualised
EBIT
₹203 cr
annualised
Operating margin
14.3%
Return on assets
10.4%
Earnings yield
12.23%
P/S
0.78
Sales / share
₹345.6
Tax rate
27.6%
Face value
₹10
Shares
4.1 cr
Working capital
₹155 cr
Current assets
₹342 cr
Current liabilities
₹187 cr
Delivery %
45.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹93₹164, midpoint ₹128

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹355 cr
Other Income₹5 cr
Total Income₹360 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹222 cr
Inventory Change (±)₹-64.3 L
Employee Benefit Expense₹6 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹16 cr
Other Expenses₹66 cr
Total Expenses₹313 cr
Profit before Tax₹47 cr
Tax Expense₹13 cr
Share of JV / Associates₹-51 L
Net Profit₹34 cr
Net margin on total income9.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹221 cr61.6%
Employee benefit expense₹6 cr1.6%
Finance costs₹3 cr0.9%
Depreciation & amortisation₹16 cr4.6%
Other expenses₹66 cr18.3%
Tax expense₹13 cr3.6%
Profit for the period₹34 cr9.4%
Total income ₹360 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue289 cr304 cr355 cr
Total income295 cr309 cr360 cr
Expenses273 cr292 cr313 cr
Profit before tax22 cr18 cr47 cr
Tax7 cr4 cr13 cr
Net profit (owners' share)14 cr13 cr34 cr
Net margin (owners' share, on revenue)4.8%4.2%9.5%
EPS (₹)3.403.118.23
YoY (latest quarter): total income +22.6% · net profit +142.9%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,296 cr
Shareholder equity
₹998 cr
parent shareholders
Total debt
₹50 cr
Cash
₹39 cr
Cash flow · H1 FY26
Operating
₹83 cr
Investing
₹210 cr
Financing
₹-75 cr
Peer comparison
LPG/CNG/PNG/LNG Supplier · by market value
CompanyPriceMarket capP/E
Adani Total Gas Limited₹587₹64,488 cr113.8
Petronet LNG Limited₹283₹42,518 cr9.3
GUJARAT ENERGY LIMITED₹239₹22,432 cr5.6
Indraprastha Gas Limited₹149₹20,814 cr21.6
Mahanagar Gas Limited₹1,071₹10,581 cr13.7
Confidence Petroleum India Limited₹87₹2,882 cr11.7
IRM Energy Limitedthis company₹269₹1,105 cr8.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.56%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹1.5 / share11 Sep 2026
Dividend₹1.5 / share18 Sep 2025
Dividend₹1.5 / share12 Jul 2024
Who owns it · 2026-06-30
No pledge
Promoter
50.7%
FII / Foreign
1.6%
DII / Domestic
1.7%
Retail / others
46.0%
Promoter stake up 0.7% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtIRM TRUST · Promoters19,947 · ₹35.9 L30 Mar 26
BoughtIRM TRUST · Promoters2.56 L · ₹4.5 cr30 Mar 26
Bulk / block deals
SoldHRTI PRIVATE LIMITED · NSE2.35 L @ ₹301.0112 May 26
BoughtHRTI PRIVATE LIMITED · NSE2.18 L @ ₹299.8112 May 26
SoldHRTI PRIVATE LIMITED · NSE2.07 L @ ₹302.6911 May 26
Stake changes
BoughtIRM Trust · promoter→ 14.26% · 2.76 L30 Mar 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Court Convened Meeting · 12 Sep 2026
See the official result
1
To approve Scheme of Amalgamation of Enertech Distribution Management Private Limited (“Transferor Company”) with IRM Energy Limited (“Transferee Company”) and their respective shareholders (“Scheme”) under Sections 230-232 and other applicable provisions, if any, of the Companies Act, 2013 (“Act”)
Backed by 100% of shareholders other than promotersneeded 75%
1.09 cr votes for, 295 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 33 named members
owning 50.7% between them · as of 2026-06-30
Cadila Pharmaceuticals Limited36.48%
IRM Trust through its Trustee Mr. Rajiv Indravadan Modi14.26%
Ambalal J Modino shares
Ambalal J Modi HUF No 2no shares
Ambalal J Modi HUF No 4no shares
Ambalal J Modi HUF No 5no shares
Ambalal J Modi HUF No 6no shares
Ambalal J Modi HUF No 7no shares
Business done with them
FY2025 · 4 of the group
The company paid ₹28 cr to companies in the promoter group last year — about 2.6% of its ₹1,056 cr revenue and received ₹79.1 L back from them.
IRM Trust
Other payments to them · As stated below
₹20 cr
company paid
CADILA PHARMACEUTICALS LIMITED
Other payments to them · As stated below
also owns 36.48% of the company
₹6 cr
company paid
IRM Trust
Leases As Lessee · As stated below
₹2 cr
company received
Indrashil Kaka Ba & Kala Budh Public Charitable Trust
Other payments to them · As stated below
₹2 cr
company paid
CADILA PHARMACEUTICALS LIMITED
Settlement Of Liabilities On Behalf Of Entity By Related Party · As stated below
also owns 36.48% of the company
₹79.1 L
company received
IRM PRIVATE LIMITED
Paid them for services · As stated below
₹7.6 L
company paid

The company also transacted with 16 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹545 cr raised in Oct 2023 by selling shares to the public

As of Jun 2026, the company says it has spent 68% of what it set aside, leaving ₹159 cr still to be spent. Crisil ratings Limited (a Subsidiary of Crisil limited) watches the spending on the exchange’s behalf.

Funding capital expenditure requirements for development of the City Gas Distribution network in the Geographical Areas of Namakkal and Tiruchirappalli (Tamil Nadu) in Fiscal 2024, Fiscal 2025, Fiscal 2026 and Fiscal 2027
48%
₹149 cr of ₹307 cr
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company
100%
₹135 cr of ₹135 cr
General Corporate Purposes
100%
₹53 cr of ₹54 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.