IRM Energy Ltd
Incorporated in 2015, IRM Energy Limited is a gas distribution company involved in developing, operating, and expanding of local natural gas distribution network[1]
- Market Cap ₹ 2,182 Cr.
- Current Price ₹ 532
- High / Low ₹ 641 / 435
- Stock P/E 38.8
- Book Value ₹ 91.7
- Dividend Yield 0.00 %
- ROCE 17.8 %
- ROE 21.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 130% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.7%
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Gas Distribution Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 13 | 74 | 166 | 212 | 507 | 980 | |
| 11 | 53 | 116 | 139 | 321 | 868 | |
| Operating Profit | 3 | 21 | 50 | 73 | 186 | 112 |
| OPM % | 20% | 29% | 30% | 35% | 37% | 11% |
| 0 | 0 | 0 | 1 | 3 | 6 | |
| Interest | 1 | 6 | 10 | 16 | 22 | 23 |
| Depreciation | 1 | 4 | 9 | 12 | 15 | 21 |
| Profit before tax | 1 | 13 | 31 | 46 | 152 | 74 |
| Tax % | 36% | 10% | 33% | 24% | 25% | 24% |
| 1 | 11 | 21 | 35 | 114 | 56 | |
| EPS in Rs | 0.54 | 5.27 | 7.78 | 12.11 | 38.67 | 18.67 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 136% |
| 3 Years: | 81% |
| TTM: | 93% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 130% |
| 3 Years: | 39% |
| TTM: | -50% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 40% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 22 | 27 | 29 | 29 | 30 | 30 |
| Reserves | 0 | 12 | 48 | 89 | 179 | 274 | 346 |
| Preference Capital | 0 | 21 | 15 | 17 | 39 | 41 | |
| 47 | 98 | 129 | 147 | 196 | 300 | 348 | |
| 16 | 50 | 65 | 74 | 136 | 168 | 136 | |
| Total Liabilities | 80 | 180 | 269 | 338 | 541 | 772 | 860 |
| 38 | 136 | 198 | 241 | 300 | 381 | 435 | |
| CWIP | 29 | 16 | 29 | 20 | 52 | 91 | 117 |
| Investments | 0 | 0 | 0 | 8 | 22 | 66 | 55 |
| 13 | 28 | 42 | 70 | 166 | 234 | 253 | |
| Total Assets | 80 | 180 | 269 | 338 | 541 | 772 | 860 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 31 | 44 | 50 | 129 | 47 | ||
| -86 | -76 | -53 | -110 | -202 | ||
| 64 | 35 | 10 | 15 | 118 | ||
| Net Cash Flow | 9 | 4 | 7 | 33 | -37 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| Debtor Days | 13 | 15 | 9 | 19 | 16 | 14 |
| Inventory Days | 3 | 2 | 2 | 3 | 3 | 1 |
| Days Payable | 59 | 38 | 25 | 37 | 37 | 15 |
| Cash Conversion Cycle | -43 | -21 | -14 | -15 | -18 | 1 |
| Working Capital Days | -349 | -86 | -47 | -22 | -22 | -3 |
| ROCE % | 17% | 22% | 25% | 48% | 18% |
Documents
Announcements
-
Reply On Clarification Sought On Movement In Volume
22 Apr - Response on clarification sought by Exchange on movement in volume. Kindly take the information on record.
-
Clarification sought from IRM Energy Ltd
22 Apr - Exchange has sought clarification from IRM Energy Ltd on April 22, 2024, with reference to Movement in Volume.
- Certificate Under Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 16 Apr
- Compliance Certificate Pursuant To Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For Year Ended March 31, 2024 10 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2024
Authorised Gas Distributor[1] The company has exclusive rights for laying, building, operating, and expanding a city or local natural gas distribution network in Banaskantha GA (Gujarat), Fatehgarh Sahib GA (Punjab), Diu and Gir Somnath GA (Union Territory of Daman and Diu/Gujarat) and Nammakkal Tiruchirapalli GA (Tamil Nadu).