IRMENERGYEnergy

IRM Energy Limited

LPG/CNG/PNG/LNG Supplier · ISIN INE07U701015 · BSE 544004 · NSE EQ · FV ₹10
Last price
₹231
+3.06%today
What this company does

IRM Energy Limited operates in LPG/CNG/PNG/LNG Supplier, part of the Energy sector. It booked ₹364 cr of revenue in its latest quarter (Q2 FY27) and kept 7.0% 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:
41out of 100
Equitytale Health Score
Strained

Healthier than 41% of companies in Energy, on the 5 of 6 measures we could read for it. Each measure is ranked against the 7–24 companies that reported it.

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

Price momentum
oversold
RSI (14)
29

At close. Not part of the score.

Profitability & returns22

How much profit it earns on the money it employs

Balance sheet64

How much it owes, and whether earnings cover the interest

Cash quality47

Whether reported profit actually arrives as cash

Valuation0

What today's price implies, against our models or its peers · lowest in its sector on what we could measure

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 29% vs last year
✓ Profit up 102% vs last year
✓ Promoters hold 51%
✓ No promoter shares pledged
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Thin 7.0% net margin

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
₹231▲ +3.06%
latest close · 2026-11-04
52-wk low ₹22374 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 ratio9.3Low
LowAverageHigh
P/B ratio0.90Below book
Below bookModerateHigh
EV / EBITDA4.3Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.7%Fair
WeakFairStrong ▸15%
Return on capital13.2%Fair
WeakFairStrong
Net margin7.0%Decent
ThinDecentStrong
EBITDA margin14.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.04Comfortable
LowModerateHigh ▸1
Interest cover12.7×Strong
RiskyOkayStrong ▸5×
Current ratio1.68Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹949 cr
Book value
₹256
EPS
₹6.19
latest quarter
Net debt
₹-52 cr
more cash than debt
Enterprise value
₹897 cr
EBITDA
₹208 cr
annualised
EBIT
₹153 cr
annualised
Operating margin
10.5%
Return on assets
7.5%
Earnings yield
10.71%
P/S
0.65
Sales / share
₹354.2
Tax rate
26.6%
Face value
₹10
Shares
4.1 cr
Working capital
₹136 cr
Current assets
₹338 cr
Current liabilities
₹201 cr
Delivery %
49.7%
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 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹104 vs market price ₹231 — price is 122% above it
Safety cushion-122.0%(target ≥ +20%)
Models span ₹62–₹146, midpoint ₹104
Model ₹104
Price ₹231
Cheap sideExpensive side

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 · Q2 FY27 (consolidated)
Revenue from Operations₹364 cr
Other Income₹5 cr
Total Income₹368 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹237 cr
Inventory Change (±)₹73.1 L
Employee Benefit Expense₹7 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹14 cr
Other Expenses₹72 cr
Total Expenses₹333 cr
Profit before Tax₹35 cr
Tax Expense₹9 cr
Share of JV / Associates₹-40.6 L
Net Profit₹25 cr
Net margin on total income6.9%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹237 cr64.5%
Employee benefit expense₹7 cr2.0%
Finance costs₹3 cr0.8%
Depreciation & amortisation₹14 cr3.8%
Other expenses₹72 cr19.5%
Tax expense₹9 cr2.5%
Profit for the period₹25 cr6.9%
Total income ₹368 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue304 cr355 cr364 cr
Total income309 cr360 cr368 cr
Expenses292 cr313 cr333 cr
Profit before tax18 cr47 cr35 cr
Tax4 cr13 cr9 cr
Net profit (owners' share)13 cr34 cr25 cr
Net margin (owners' share, on revenue)4.2%9.5%7.0%
EPS (₹)3.118.236.19
YoY (latest quarter): total income +28.2% · net profit +102.5%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹1,358 cr
Shareholder equity
₹1,050 cr
parent shareholders
Total debt
₹45 cr
Cash
₹97 cr
Cash flow · H1 FY27
Operating
₹125 cr
Investing
₹-57 cr
Financing
₹-11 cr
Peer comparison
LPG/CNG/PNG/LNG Supplier · by market value
CompanyPriceMarket capP/E
Adani Total Gas Limited₹550₹60,478 cr87.0
Petronet LNG Limited₹303₹45,450 cr9.0
GUJARAT ENERGY LIMITED₹219₹20,554 cr5.1
Indraprastha Gas Limited₹133₹18,659 cr208.3
Mahanagar Gas Limited₹1,056₹10,430 cr13.5
Confidence Petroleum India Limited₹56₹1,866 cr7.6
IRM Energy Limitedthis company₹224₹921 cr9.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.65%
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 · 2026-09-30
No pledge
Promoter
50.7%
FII / Foreign
1.8%
DII / Domestic
1.7%
Retail / others
45.8%
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.

Yearly shareholder meeting · 29 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and the Statutory Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.09 cr votes for, 104 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend on equity shares for the financial year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
1.09 cr votes for, 104 against · 0% of mutual funds and other big investors said no
3
To appoint Dr. Rajiv I. Modi (DIN: 01394558) as Director (Non-Executive Non- Independent), who retires by rotation, and being eligible, offers himself for re-appointment.
Backed by 96% of shareholders other than promotersneeded 50%
1.05 cr votes for, 3.95 L against · 31% of mutual funds and other big investors said no
4
Appointment of M/s. Sorab S. Engineer & Co Chartered Accountants (Firm Registration No. 110417W) as the Statutory Auditors of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
1.09 cr votes for, 254 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 2026-09-30
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 Sep 2026, the company says it has spent 72% of what it set aside, leaving ₹137 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
55%
₹170 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.