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As of 6 Nov 2026, IRM Energy trades at 11.5× trailing earnings, below the industry P/E of 12.1×, and the shares are 34% below their 52-week high. Its ROCE of 7.8% is the lowest among the 7 largest Utilities (Regulated Gas) peers, and sales grew 2.8% a year over 3 years while net profit fell 5.5%. It has almost no debt, and its dividend yield is 0.6%. It is a small-cap company with a market cap of ₹989 Cr, ranked 7th of 9 Utilities (Regulated Gas) companies by market cap; the shares fell 24% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹236.80
Day high
₹246.00
Day low
₹231.62
Prev. close
₹237.31
Volume
37.8K

Health check

1 good · 1 fair · 4 to check
  • ReturnsBehind

    −23.7% over a year, better than 2 of 7 peers.

  • Price tagIn line

    P/E 11.5 vs industry 12.1.

  • GrowthSlow

    Sales +2.8%, profit −5.5% a year over 3 years.

  • ProfitabilityWeak

    ROCE 7.8% vs peer median 16.3%.

  • Balance sheetSolid

    Debt 0.07× equity, interest covered 10.7×, Piotroski 8 of 9.

  • Red flags1 to check

    34% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Regulated Gas

8 listed peers. Screen the industry

Small cap

₹989 Cr, #7 of 9 in its industry by size.

High beta

Beta 1.96 vs the NIFTY 50: swings more than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹1,204 Cr · profit ₹86 Cr
Market cap
₹989 Cr
Small cap
P/E
11.5
Industry 12.1
Price to book
0.94
Peers 1.99
Dividend yield
0.62%
ROE
8.5%
Peers 13.6%
ROCE
7.8%
Peers 16.3%
Debt to equity
0.07
Debt ₹70 Cr
EPS (TTM)
₹20.94
Face value ₹10
OPM (TTM)
14.0%
Net margin 7.1%
Sales growth
+28.7%
Latest quarter vs a year ago
Profit growth
+102.5%
Latest quarter vs a year ago
Price to sales
0.82
EV/EBITDA 4.7

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 102.5% on a year ago.
  • Quarterly sales up 28.7% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • 34% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About IRM Energy

IRM Energy Limited, a city gas distribution company, engages in the laying, building, operating, and expanding of city and local natural gas distribution networks in India. It supplies piped natural gas to domestic, commercial, and industrial customers; and compressed natural gas to automobile customers through retail stations. The company was incorporated in 2015 and is based in Ahmedabad, India.

Headquarters
Ahmedabad
Employees
231
Sector
Utilities
ISIN
INE07U701015
Website
irmenergy.com

Price range

52 weeks

₹165.40₹366.89

Today

₹231.62₹246.00
Avg volume (3M)
68.1K
1-year return
minus 23.7%
From 52-week high
minus 34.3%

Peers · Utilities - Regulated Gas

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
GAILGAIL (India)185.79minus 0.11%1,22,1589.712.89.1%11.6%0.25−0.9%plus 2.4%
ATGLAdani Total Gas575.40minus 1.07%63,28398.754.813.6%17.8%0.5310.4%minus 7.6%
GUJENERGYGUJARAT ENERGY216.18minus 3.77%20,2839.25.512.2%12.7%0.1712.1%minus 44.8%
IGLIndraprastha Gas141.97plus 0.86%19,87619.98.316.3%6.4%0.014.6%minus 34.5%
MGLMahanagar Gas1,129.60plus 2.13%11,15816.97.016.5%14.0%0.039.3%minus 12.5%
STEAMHOUSESteamhouse India131.87minus 0.45%3,64564.647.319.6%15.8%0.5515.9%plus 28.6%
IRMENERGYIRM Energy240.95plus 1.53%98911.57.47.8%13.1%0.072.8%minus 23.7%
RAJSECRajasthan Securities60.11minus 0.32%4626.94.389.3%−45.5%––plus 37.1%
Median of 7 peers–−0.32%19,87616.98.316.3%12.7%0.219.9%−7.6%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
259265280326334
233235250264287
26.729.63061.847.3
10.3%11.2%10.7%19.0%14.2%
5.56.35.45.34.7
2.92.85.53.23
10.41112.216.413.8
1922.117.747.435.2
25.1%31.6%25.2%27.6%26.6%
12.61412.833.825.4
3.063.403.118.236.19

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+2.8%
Profit CAGR 3Y
−5.5%
EPS CAGR 3Y
+103.5%
ROE
8.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
9798909721,063
–minus 9.2%+9.2%+9.4%
867741873945
11214998.9118
11.5%16.7%10.2%11.1%
0.71222.716.3
182015.48.1
20.926.534.844.4
0.35.12.5−3.1
74.411973.878.6
24.1%23.4%36.3%27.5%
63.185.745.253.2
–+35.7%minus 47.2%+17.7%
1.5420.8611.0112.96

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
51.462.251.351.3
274848889936
30020714273.1
168179188236
7931,2971,2701,296
468641753898
91.186.8108115
–35.521.823.9
108450272185
1258311574.2
7931,2971,2701,296

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
46.712093.7143
−175−291−199−43.7
118380−116−96.2
−10.5209−2212.8
−163−178−130−182
−116−57.5−36−39.4
−1.5−5−9.7−6.2

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 1.0% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you