IRM Energy Ltd

IRM Energy Ltd

₹ 487 -5.67%
24 May - 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 2,001 Cr.
  • Current Price 487
  • High / Low 641 / 435
  • Stock P/E 23.4
  • Book Value 227
  • Dividend Yield 0.00 %
  • ROCE 15.6 %
  • ROE 13.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 49.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%

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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
214.66 256.21 266.07 243.15 230.04 220.12 226.11 214.25
182.57 227.50 229.24 228.55 187.97 178.16 183.87 191.64
Operating Profit 32.09 28.71 36.83 14.60 42.07 41.96 42.24 22.61
OPM % 14.95% 11.21% 13.84% 6.00% 18.29% 19.06% 18.68% 10.55%
1.82 0.94 1.72 1.49 3.38 3.51 7.13 9.79
Interest 5.85 5.54 6.17 5.34 6.04 5.18 6.97 8.51
Depreciation 4.80 5.02 5.44 5.64 5.77 6.05 7.26 7.40
Profit before tax 23.26 19.09 26.94 5.11 33.64 34.24 35.14 16.49
Tax % 22.87% 20.48% 26.06% 33.46% 17.24% 17.99% 30.73% 31.90%
20.55 18.70 19.85 4.04 26.91 26.02 23.78 8.98
EPS in Rs 7.00 6.24 6.56 1.34 8.89 8.60 5.79 2.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
84 166 190 507 980 891
62 116 116 321 868 742
Operating Profit 21 50 73 186 112 149
OPM % 26% 30% 39% 37% 11% 17%
0 0 1 3 6 24
Interest 6 10 16 22 23 27
Depreciation 4 9 12 15 21 26
Profit before tax 13 31 46 152 74 120
Tax % 10% 33% 24% 25% 24% 23%
11 21 35 128 63 86
EPS in Rs 5.27 7.77 12.03 43.59 20.87 20.86
Dividend Payout % 2% 0% 0% 0% 2% 5%
Compounded Sales Growth
10 Years: %
5 Years: 60%
3 Years: 67%
TTM: -9%
Compounded Profit Growth
10 Years: %
5 Years: 50%
3 Years: 35%
TTM: 36%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 28%
3 Years: 26%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 22 27 29 29 30 41
Reserves 12 48 68 193 295 891
Preference Capital 21 15 38 34 41
98 129 152 196 300 229
50 65 89 136 168 135
Total Liabilities 181 269 338 555 793 1,297
136 198 241 300 381 557
CWIP 16 29 20 52 91 87
Investments 0 0 8 36 87 42
28 42 70 166 234 611
Total Assets 181 269 338 555 793 1,297

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
31 44 45 129 53 120
-86 -76 -42 -110 -208 -291
64 35 10 15 118 380
Net Cash Flow 9 4 14 33 -37 209

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 13 9 22 16 14 15
Inventory Days 2 2 4 3 1 2
Days Payable 31 25 48 37 15 17
Cash Conversion Cycle -17 -14 -22 -18 1 1
Working Capital Days -76 -47 -24 -22 -3 8
ROCE % 22% 24% 47% 17%

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.

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