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 ₹ 1,513 Cr.
- Current Price ₹ 368
- High / Low ₹ 641 / 362
- Stock P/E 22.5
- Book Value ₹ 227
- Dividend Yield 0.41 %
- ROCE 15.8 %
- ROE 14.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 50.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%
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
Part of BSE Allcap BSE Energy BSE SmallCap
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 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 13 | 74 | 166 | 212 | 507 | 980 | 891 | 897 | |
| 11 | 53 | 116 | 139 | 321 | 868 | 742 | 776 | |
| Operating Profit | 3 | 21 | 50 | 73 | 186 | 112 | 149 | 122 |
| OPM % | 20% | 29% | 30% | 35% | 37% | 11% | 17% | 14% |
| 0 | 0 | 0 | 1 | 3 | 6 | 24 | 35 | |
| Interest | 1 | 6 | 10 | 16 | 22 | 23 | 27 | 27 |
| Depreciation | 1 | 4 | 9 | 12 | 15 | 21 | 26 | 31 |
| Profit before tax | 1 | 13 | 31 | 46 | 152 | 74 | 120 | 99 |
| Tax % | 36% | 10% | 33% | 24% | 25% | 24% | 23% | |
| 1 | 11 | 21 | 35 | 114 | 56 | 92 | 67 | |
| EPS in Rs | 0.54 | 5.27 | 7.78 | 12.11 | 38.67 | 18.67 | 22.29 | 16.38 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 3% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 64% |
| 3 Years: | 61% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 36% |
| TTM: | -15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 25% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 22 | 27 | 29 | 29 | 30 | 41 | 41 |
| Reserves | 0 | 12 | 48 | 89 | 179 | 274 | 855 | 892 |
| 47 | 119 | 145 | 163 | 235 | 341 | 251 | 195 | |
| 16 | 29 | 50 | 57 | 97 | 127 | 135 | 155 | |
| Total Liabilities | 80 | 180 | 269 | 338 | 541 | 772 | 1,282 | 1,283 |
| 38 | 136 | 198 | 241 | 300 | 381 | 557 | 589 | |
| CWIP | 29 | 16 | 29 | 20 | 52 | 91 | 87 | 91 |
| Investments | 0 | 0 | 0 | 8 | 22 | 66 | 27 | 53 |
| 13 | 28 | 42 | 70 | 166 | 234 | 611 | 550 | |
| Total Assets | 80 | 180 | 269 | 338 | 541 | 772 | 1,282 | 1,283 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 31 | 44 | 50 | 129 | 47 | 120 | ||
| -86 | -76 | -53 | -110 | -175 | -291 | ||
| 64 | 35 | 10 | 15 | 118 | 380 | ||
| Net Cash Flow | 9 | 4 | 7 | 33 | -10 | 209 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 15 | 9 | 19 | 16 | 14 | 15 |
| Inventory Days | 3 | 2 | 2 | 3 | 3 | 1 | 2 |
| Days Payable | 59 | 38 | 25 | 37 | 37 | 15 | 17 |
| Cash Conversion Cycle | -43 | -21 | -14 | -15 | -18 | 1 | 1 |
| Working Capital Days | -349 | -86 | -47 | -22 | -22 | 1 | 1 |
| ROCE % | 17% | 22% | 25% | 48% | 18% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Announcement in respect of newspaper advertisement of Postal Ballot Notice
-
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
2d - Postal ballot notice for director appointments and preference shares.
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Announcment Under Regulation 30 (LODR) -Newspaper Publication
15 Nov - Hererwith announcement in respect of newspaper publication of Financial Results for the quarter ended September 30, 2024.
-
Monitoring Agency Report
14 Nov - Monitoring Agency Report for IPO proceeds utilization.
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Disclosure Under Regulation 30(5) Of SEBI Listing Regulations, 2015.
14 Nov - Authorization of key managerial personnel for disclosures.
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).