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Irm Energy Limited
(IRMENERGY)
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Rating:68Neutral
Price Target:
₹281.00
▼(-13.67% Downside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by mixed financial performance—strong balance-sheet strength and revenue momentum are offset by weak cash conversion and sustained negative free cash flow. Technicals provide a meaningful boost due to a clear uptrend and positive momentum indicators, while valuation is supportive but tempered by a very low dividend yield.
Positive Factors
Revenue Growth
Meaningful revenue expansion indicates continued demand across Irm Energy’s distribution operations and provides a stronger base for future earnings. If sustained, top-line growth can improve network utilization, support operating leverage, and reinforce the company’s position in its licensed markets.
Negative Factors
Persistent Negative Free Cash Flow
Repeatedly negative free cash flow indicates that capital spending or working-capital needs continue to exceed internally generated cash. This creates ongoing funding requirements, limits financial flexibility despite low leverage, and may constrain the pace of network expansion or shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Meaningful revenue expansion indicates continued demand across Irm Energy’s distribution operations and provides a stronger base for future earnings. If sustained, top-line growth can improve network utilization, support operating leverage, and reinforce the company’s position in its licensed markets.
Read all positive factors
Irm Energy Limited (IRMENERGY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.57B
Dividend Yield1.16%
Average Volume (3M)4.59K
Price to Earnings (P/E)14.5
Beta (1Y)1.25
Revenue Growth11.59%
EPS Growth80.84%
CountryIN
Employees231
SectorGeneral
Sector StrengthN/A
IndustryRegulated Gas
Share Statistics
EPS (TTM)17.80
Shares Outstanding41,059,677
10 Day Avg. Volume2,768
30 Day Avg. Volume4,593
Financial Highlights & Ratios
PEG Ratio0.79
Price to Book (P/B)0.74
Price to Sales (P/S)0.69
P/FCF Ratio-23.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)16
Revenue Forecast (FY)₹12.15B
Irm Energy Limited Business Overview & Revenue Model
Company Description
IRM Energy Limited is an Indian firm primarily engaged in the development, management, and expansion of urban natural gas distribution infrastructure across the nation. Its operations are localized across specific territories including Banaskantha...
How the Company Makes Money
Irm Energy Limited primarily makes money by purchasing natural gas from upstream suppliers and selling it to end customers through its CGD networks. Key revenue streams include: (1) Sale of CNG: selling compressed natural gas to vehicle owners via...
Irm Energy Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.30B | 10.67B | 9.75B | 8.90B | 9.80B | 5.06B |
| Gross Profit | 2.36B | 2.05B | 2.39B | 2.29B | 1.84B | 2.44B |
| EBITDA | 1.60B | 1.12B | 963.24M | 1.66B | 1.13B | 1.83B |
| Net Income | 731.00M | 532.13M | 452.04M | 856.67M | 631.46M | 1.28B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 12.96B | 12.70B | 12.97B | 7.93B | 5.55B |
| Cash, Cash Equivalents and Short-Term Investments | 2.76B | 2.76B | 2.72B | 4.50B | 762.76M | 705.53M |
| Total Debt | 0.00 | 731.48M | 1.42B | 2.29B | 3.20B | 1.96B |
| Total Liabilities | -9.98B | 2.99B | 3.19B | 3.65B | 4.46B | 3.11B |
| Stockholders Equity | 9.98B | 9.98B | 9.51B | 9.32B | 3.46B | 2.44B |
Cash Flow | ||||||
| Free Cash Flow | -41.93M | -315.60M | -359.78M | -575.20M | -1.16B | 381.87M |
| Operating Cash Flow | 825.26M | 1.51B | 937.23M | 1.20B | 466.65M | 1.29B |
| Investing Cash Flow | 2.10B | -640.37M | -1.99B | -2.91B | -1.75B | -1.10B |
| Financing Cash Flow | -748.83M | -836.93M | -1.16B | 3.80B | 1.18B | 150.99M |
Irm Energy Limited Technical Analysis
Negative
325.50
Price Trends
275.66
Negative
271.62
Negative
259.74
Negative
Market Momentum
-4.19
Positive
34.15
Neutral
38.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IRMENERGY, the sentiment is Negative. The current price of 325.5 is above the 20-day moving average (MA) of 272.05, above the 50-day MA of 275.66, and above the 200-day MA of 259.74, indicating a bearish trend. The MACD of -4.19 indicates Positive momentum. The RSI at 34.15 is Neutral, neither overbought nor oversold. The STOCH value of 38.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IRMENERGY.
Irm Energy Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹200.06B | 14.67 | ― | 3.33% | 9.92% | -18.29% | |
71 Outperform | ₹103.25B | 14.47 | ― | 2.87% | 11.12% | -33.11% | |
70 Outperform | ₹215.79B | 14.63 | ― | 2.86% | 43.18% | 34.40% | |
68 Neutral | ₹10.57B | 14.52 | ― | 1.16% | 11.59% | 80.84% | |
65 Neutral | ₹1.12T | 11.39 | ― | 3.21% | 3.52% | -15.10% | |
57 Neutral | ₹641.35B | 101.39 | ― | 0.04% | 19.81% | -2.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:IRMENERGY
Irm Energy Limited
257.40
-103.41
-28.66%
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230.00
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142.90
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IN:MGL
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1,045.30
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-16.34%
Irm Energy Limited Corporate Events
IRM Energy Approves FY26 Accounts and Dividend at Virtual AGM
Sep 29, 2026
IRM Energy Limited held its 11th Annual General Meeting on September 29, 2026 via video conferencing in line with Ministry of Corporate Affairs and SEBI guidelines, with the board, senior management, auditors and scrutinizer in attendance and a qu...
IRM Energy shareholders and creditors approve amalgamation with Enertech
Sep 12, 2026
IRM Energy Limited has reported that its court-convened meetings of equity shareholders and unsecured creditors were held on September 12, 2026 via video conferencing and other audio-visual means. These meetings were organized under orders of the ...
IRM Energy Sets Shareholder and Creditor Meetings for NCLT-Directed Amalgamation
Aug 11, 2026
IRM Energy Limited has published notices in national and regional newspapers announcing court-convened meetings of its equity shareholders and unsecured creditors, as directed by the National Company Law Tribunal, Ahmedabad Bench. The meetings, to...
IRM Energy to Seek Unsecured Creditors’ Nod on Enertech Amalgamation
Aug 10, 2026
IRM Energy Limited has notified the stock exchanges that the National Company Law Tribunal, Ahmedabad Bench, has ordered a court-convened meeting of its unsecured creditors to consider and approve a proposed Scheme of Amalgamation with Enertech Di...
IRM Energy posts Q1 FY27 earnings call audio for investors
Aug 7, 2026
IRM Energy Limited has notified the stock exchanges that the audio recording of its post‑results earnings conference call for the quarter ended June 30, 2026 is now available on the company’s website. The call, held on August 7, 2026, ...
IRM Energy posts record Q1FY27 earnings on strong volume and margin gains
Aug 6, 2026
IRM Energy Limited reported record standalone results for Q1FY27, with revenue from operations rising 24% year-on-year to Rs.325.85 crore and total income up 22.6%. EBITDA excluding other income surged 139% to Rs.61.77 crore, expanding the EBITDA ...
IRM Energy extends IPO fund deployment timeline, sets dividend record date and new auditor
Aug 6, 2026
IRM Energy Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, and confirmed that IPO proceeds remain invested in permitted interest-bearing instruments. The company al...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.