IRM Energy Ltd

IRM Energy Ltd

₹ 559 20.00%
19 Apr - close price
About

Incorporated in 2015, IRM Energy Limited is a gas distribution company involved in developing, operating, and expanding of local natural gas distribution network[1]

Key Points

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).

  • Market Cap 2,295 Cr.
  • Current Price 559
  • High / Low 615 / 435
  • Stock P/E 40.8
  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
256 266 230 220 226
228 229 188 178 184
Operating Profit 29 37 42 42 42
OPM % 11% 14% 18% 19% 19%
1 2 3 4 7
Interest 6 6 6 5 7
Depreciation 5 5 6 6 7
Profit before tax 19 27 34 34 35
Tax % 20% 26% 17% 18% 31%
15 20 28 28 24
EPS in Rs 5.06 6.60 9.20 9.29 5.93
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2023Mar 2024
50.07% 50.07%
0.50% 1.08%
12.58% 12.86%
36.84% 35.99%
No. of Shareholders 77,35760,026

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents