IRM Energy Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹986 Cr
- P/E
- 13.49
- ROE
- 5.49%
- PEG
- -2.45
- Price to sales
- 0.87
- Debt to equity
- 0.07
- 52W high / low
- ₹357 / ₹176
- Sales growth (5Y)
- 41.27%
- EBITDA margin
- 13.11%
- Net profit margin
- 4.99%
- Promoter holding
- 50.74%
- Sales (last year)
- ₹1,130 Cr
Guidance scorecard · Q2 FY27 call
What IRM Energy Ltd's management guided
RevenueQ1 FY27 call
20–40%- IRM Energy targets a 20-25% revenue growth CAGR over the next five years.
- For FY27, the company expects approximately 25% top-line/revenue growth YoY.
- Volume growth is anticipated at around 10-12% annually.
- Specifically, Namakkal & Trichy volumes are expected to grow significantly from 14.2 MMSCM in FY26 to 25-30 MMSCM in FY27.
- CNG sales are expanding rapidly, contributing 67% of total volumes in Q1 FY27 with notable growth in commercial volumes (75% YoY).
- The company aims to deepen PNG customer penetration with ongoing infrastructure expansion.
- CAPEX of about INR 150 crore planned for FY27, primarily for Namakkal and Trichy to support volume growth.
2 more points from IRM Energy Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what IRM Energy Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- FY27 CapEx plan of approximately INR 150 crore, primarily allocated for Namakkal and Trichy (NT) geographical areas.
- Additional investments planned: INR 50 crore each for Banaskantha (BK), and combined INR 100 crore for Diu & Gir Somnath and Fatehgarh.
- Focus on infrastructure rollout to support volume growth, including transitioning CNG stations to more profitable online models.
- CapEx aimed at lowering operational costs, expanding domestic and commercial PNG connections, and tapping industrial market potentials.
- Strategic investments include setting up fast-fueling dispensers and establishing fueling infrastructure within Tamil Nadu State Transport Corporation depots.
2 more points from IRM Energy Ltd's call on capex
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FundraisingQ1 FY27 call
See what IRM Energy Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The discussion mainly focuses on financial performance, volume growth, sourcing mix, infrastructure expansion, EBITDA margins, and operational highlights. There is no direct reference to orderbook or pending orders in the transcript pages shared.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Financials of IRM Energy Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
IRM Energy Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 50.07% | 50.07% | 50.07% | 50.07% | 50.07% | 50.07% | 50.07% | 50.07% | 50.07% | 50.07% | 50.74% | 50.74% |
| FIIs + | 0.50% | 1.08% | 0.48% | 1.90% | 1.65% | 1.69% | 1.63% | 1.57% | 1.56% | 1.59% | 1.59% | 1.75% |
| DIIs + | 12.58% | 12.86% | 11.17% | 6.75% | 6.96% | 6.62% | 5.64% | 4.98% | 4.97% | 3.58% | 1.70% | 1.70% |
| Public + | 36.84% | 35.99% | 38.29% | 41.28% | 41.31% | 41.63% | 42.65% | 43.39% | 43.40% | 44.77% | 45.95% | 45.80% |
| No. of Shareholders | 77,357 | 60,026 | 60,410 | 63,722 | 64,351 | 63,983 | 63,785 | 67,674 | 65,772 | 64,935 | 76,224 | 73,855 |
Financials of IRM Energy Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 220 | 226 | 214 | 225 | 232 | 251 | 268 | 262 | 259 | 265 | 280 | 326 | 334 |
| Expenses + | 178 | 184 | 192 | 195 | 205 | 229 | 251 | 237 | 233 | 235 | 250 | 264 | 287 |
| Operating Profit | 42 | 42 | 23 | 30 | 26 | 22 | 17 | 26 | 27 | 30 | 30 | 62 | 47 |
| OPM % | 19% | 19% | 11% | 13% | 11% | 9% | 6% | 10% | 10% | 11% | 11% | 19% | 14% |
| Other Income + | 4 | 7 | 10 | 9 | 9 | 7 | 9 | 8 | 6 | 6 | 5 | 5 | 5 |
| Interest | 5 | 7 | 9 | 5 | 6 | 5 | 6 | 4 | 3 | 3 | 6 | 3 | 3 |
| Depreciation | 6 | 7 | 7 | 8 | 9 | 8 | 10 | 11 | 10 | 11 | 12 | 16 | 14 |
| Profit before tax | 34 | 35 | 16 | 26 | 21 | 16 | 11 | 20 | 19 | 22 | 18 | 47 | 35 |
| Tax % | 18% | 31% | 32% | 29% | 38% | 32% | 57% | 27% | 25% | 32% | 25% | 28% | 27% |
| Net Profit + | 26 | 24 | 9 | 19 | 12 | 10 | 4 | 14 | 13 | 14 | 13 | 34 | 25 |
| EPS in Rs | 8.60 | 5.79 | 2.19 | 4.55 | 2.93 | 2.46 | 1.07 | 3.39 | 3.06 | 3.40 | 3.11 | 8.23 | 6.19 |
Financials of IRM Energy Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 84 | 166 | 190 | 507 | 980 | 891 | 975 | 1,067 | 1,204 |
| Expenses + | 62 | 116 | 116 | 321 | 868 | 742 | 877 | 954 | 1,036 |
| Operating Profit | 21 | 50 | 73 | 186 | 112 | 149 | 98 | 112 | 169 |
| OPM % | 26% | 30% | 39% | 37% | 11% | 17% | 10% | 11% | 14% |
| Other Income + | 0 | 0 | 1 | 3 | 6 | 24 | 32 | 25 | 22 |
| Interest | 6 | 10 | 16 | 22 | 23 | 27 | 22 | 15 | 15 |
| Depreciation | 4 | 9 | 12 | 15 | 21 | 26 | 35 | 44 | 53 |
| Profit before tax | 13 | 31 | 46 | 152 | 74 | 120 | 74 | 79 | 122 |
| Tax % | 10% | 33% | 24% | 25% | 24% | 23% | 36% | 28% | |
| Net Profit + | 11 | 21 | 35 | 128 | 63 | 86 | 45 | 53 | 86 |
| EPS in Rs | 5.27 | 7.77 | 12.03 | 43.59 | 20.87 | 20.86 | 11.01 | 12.96 | 20.93 |
| Dividend Payout % | 2% | 0% | 0% | 0% | 2% | 7% | 14% | 12% |
Financials of IRM Energy Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 27 | 29 | 29 | 30 | 41 | 41 | 41 | 41 |
| Reserves | 12 | 48 | 68 | 193 | 295 | 870 | 899 | 956 | 1,009 |
| Borrowings + | 119 | 145 | 190 | 235 | 341 | 251 | 152 | 73 | 70 |
| Other Liabilities + | 29 | 50 | 52 | 97 | 127 | 135 | 177 | 226 | 238 |
| Total Liabilities | 181 | 269 | 338 | 555 | 793 | 1,297 | 1,270 | 1,296 | 1,358 |
| Fixed Assets + | 136 | 198 | 241 | 300 | 381 | 557 | 649 | 788 | 848 |
| CWIP | 16 | 29 | 20 | 52 | 91 | 87 | 88 | 99 | 128 |
| Investments | 0 | 0 | 8 | 36 | 87 | 42 | 63 | 47 | 80 |
| Other Assets + | 28 | 42 | 70 | 166 | 234 | 611 | 469 | 362 | 302 |
| Total Assets | 181 | 269 | 338 | 555 | 793 | 1,297 | 1,270 | 1,296 | 1,358 |
Financials of IRM Energy Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 31 | 44 | 45 | 129 | 53 | 120 | 94 | 143 |
| Cash from Investing Activity + | -86 | -76 | -42 | -110 | -208 | -291 | -199 | -44 |
| Cash from Financing Activity + | 64 | 35 | 10 | 15 | 118 | 380 | -116 | -96 |
| Net Cash Flow | 9 | 4 | 14 | 33 | -37 | 209 | -221 | 3 |
| Free Cash Flow | -56 | -31 | 10 | 38 | -109 | -58 | -36 | -39 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 149% | 101% | 75% | 81% | 73% | 89% | 108% | 139% |
Financials of IRM Energy Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 9 | 22 | 16 | 14 | 15 | 16 | 11 |
| Inventory Days | 2 | 2 | 4 | 3 | 1 | 2 | 2 | 2 |
| Days Payable | 31 | 25 | 48 | 37 | 15 | 17 | 13 | 16 |
| Cash Conversion Cycle | -17 | -14 | -22 | -18 | 1 | 1 | 6 | -4 |
| Working Capital Days | -76 | -47 | -35 | -34 | -11 | -52 | -45 | -30 |
| ROCE % | 22% | 24% | 47% | 17% | 15% | 8% | 9% |
Guidance history
How IRM Energy Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | — | — |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | — |
| Q3 FY26 call → | 10–20% | Up 0–2% | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
13 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −23.7% | 33% |
| Last 6 months | −32.6% | 7% |
| Last 3 months | −6.6% | 54% |
The price is 59.2% below its all-time high of ₹589.2 (2 Feb 2024). Stocks more than 20% below their peak have their score halved, so 27 became 13.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For IRM Energy Ltd: 0.4 × 33 + 0.4 × 7 + 0.2 × 54 = 27, halved to 13 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.