1. India Stocks

  2. •

    Utilities

  3. •

    Regulated Gas
IRM Energy Limited

IRM Energy Limited

IRMENERGY.NS
IRM Energy LimitedIN flagNational Stock Exchange of India
263.50
INR
+0.75
- -
10.82BMarket Cap
IRM Energy Limited
IRMENERGY.NS
(National Stock Exchange of India)

Recent

price

263.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
2026
TTM
FRC
4.6
12.33
23.85
216.69
237.59
259.78
259.8
Revenue per Share
0.85
3.12
1.54
20.86
11.01
12.96
12.96
Basic EPS, GAAP
0.25
0.93
-2.82
-14.01
-8.76
-9.6
- -
Free Cash Flow per Basic Share
- -
0.09
0.04
1.22
2.35
1.5
- -
Dividend per Share
2.25
5.29
6.81
90.42
90.56
10
10
Book Value per Share
2.28
5.35
7.84
221.02
228.17
241.77
241.79
Tangible Book Value per Share
411
411
411
41
41
41
41
Basic Weighted Avg Shares
1,888
5,063
9,794
8,897
9,755
10,667
10,667
Sales/Revenue/Turnover
32.42
33.85
9.33
13.75
6.3
6.36
6.36
Operating Margin (%)
120
150
209
265
348
444
444
Depreciation Expense
349
1,280
631
857
452
532
532
Net Income, GAAP
23.78
25.47
24.14
23.44
36.27
27.54
27.54
Effective Tax Rate (%)
18.48
25.29
6.45
9.63
4.63
4.99
4.99
Profit Margin (%)
247
631
1,318
3,755
2,718
1,551
1,551
Working Capital
1,465
1,792
2,771
1,087
658
517
517
LT Debt
1,176
2,437
3,464
9,318
9,507
9,975
9,975
Total Equity
- -
35.58
12.67
10.5
3.51
4.55
4.55
Return on Invested Capital (%)
- -
39.96
14.84
16.84
10.55
20.03
20.03
Return on Capital (%)
- -
82.71
25.41
26.32
12.17
25.78
25.78
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
338
- -
214
LT Borrowings
298
- -
292
LT Finance Leases
180
- -
225
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
41
- -
41
Market Capitalization
15,113
11,701
7,406

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
3,960
- -
3,418
Cash, Cash Equivalents & STI
3,305
- -
2,815
Accounts Receivable, Net
397
- -
328
Inventories
36
- -
37
Total Current Liabilities
1,700
- -
1,867
Payables & Accruals
- -
- -
- -
ST Debt
338
- -
214
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
65.06%
4.92%
Free Cash Flow
- -
-42.53%
9.53%
Net Income, GAAP
- -
44.49%
17.72%
Sales/Revenue/Turnover
- -
54.29%
9.35%
Total Cash Common Dividend
- -
- -
-36.24%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,300
2,201
2,261
2,134
8,897
2025
2,254
2,315
2,508
2,679
9,755
2026
2,625
2,594
2,650
2,797
10,667

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.66
6.34
6.18
- -
20.86
2025
4.56
2.92
2.46
1.07
11.01
2026
3.39
3.06
3.4
3.11
12.96

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.22
2025
- -
- -
- -
- -
2.35
2026
- -
- -
- -
- -
1.5
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Business
IRM Energy Limited, a city gas distribution company and group entity of Cadila Pharmaceuticals Limited, develops, lays, operates, and expands natural gas distribution networks across authorized geographical areas in India, supplying compressed natural gas for automobiles via CNG stations and piped natural gas to industrial, commercial, and domestic customers; it maintains over 5,252 inch-kms of pipelines including MDPE and steel variants, alongside 91 CNG retail outlets serving 71,552 domestic, 207 industrial, and 381 commercial users as of September 2024. Incorporated in 2015 and headquartered in Ahmedabad, Gujarat, the company operates in Banaskantha and Gir-Somnath districts of Gujarat, Fatehgarh Sahib in Punjab, Diu in the Union Territory of Daman & Diu, and Namakkal and Tiruchirappalli districts in Tamil Nadu, with exclusive marketing and infrastructure rights spanning five to 25 years in these regions. Recent developments include five-year regasified liquefied natural gas supply agreements signed in March 2025 with Shell Energy India Private Limited for 1.23 crore MMBtu and Gujarat State Petroleum Corporation for 65.76 lakh MMBtu to ensure stable sourcing through 2030; in November 2025, it approved unaudited Q2/H1 financial results, appointed Arunkumar Saluru as CFO effective November 12, and advanced a draft amalgamation scheme with Enertech involving a 21.12% stake transfer.