IRM ENERGY LTD (IRMENERGY) Fair Value & Analysis
Utilities · IN · Market cap ₹11.4B
Fair value as of: Aug 13, 2026
From 16 valuation models · updated 3 days ago
Share price +12.4% over the past month.
Below-average quality, and screening another 21% overvalued on our models.
What matters now
- Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
- Our model range runs from ₹174.96 (bear) to ₹291.60 (bull), base ₹233.28. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 48/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
34‑month range ₹176.06 – ₹599.72 · fair‑value band ₹174.96 – ₹291.60 · the ₹294.15 price screens above the ₹233.28 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
IRM ENERGY LTD (IRMENERGY) currently trades at ₹294.15, while our model-based Fair Value estimate is ₹233.28, implying the stock looks roughly 20.7% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, IRM ENERGY LTD generated revenue of ₹10.7B at a net margin of 5.0%. Revenue grew 4.4% year over year. It earns a return on equity of 5.5%. The balance sheet holds a net cash position of ₹1.7B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹174.96 (bear case) to ₹291.60 (bull case); at ₹294.15, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 78% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at 2% fair-value upside, at -21%, IRMENERGY screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: Growth Earnings (₹405.38) versus Dividend Discount (₹24.15). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 37
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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. The company supplies piped natural gas (PNG) to industrial, commercial, and domestic customers; and compressed natural gas (CNG) to automotive customers through retail stations.
Full company description
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. The company supplies piped natural gas (PNG) to industrial, commercial, and domestic customers; and compressed natural gas (CNG) to automotive customers through retail stations. It operates in Banaskantha, Fatehgarh Sahib, Diu and Gir Somnath, and Namakkal and Tiruchirappalli. As of March 31, 2025, it operated 5,671-inch square kilometers of MDPE and steel pipelines and 111 CNG stations; and served 214 PNG industrial customers, 412 PNG commercial customers, and 75,005 PNG domestic customers. The company was formerly known as IRM Energy Private Limited and changed its name to IRM Energy Limited in March 2022. IRM Energy Limited was incorporated in 2015 and is based in Ahmedabad, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
IRM ENERGY LTD reported revenue of ₹10.7B in FY2026 versus ₹5.1B in FY2022, a compound +20.5%/yr. Reported net income was ₹532M in FY2026, compounding −19.7%/yr from FY2022.
IRMENERGY screens 21% overvalued. Compare with Naturgy Energy Group →
Peer Group
Utilities - Regulated Gas · 104 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Regulated Gas median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Regulated Gas stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Naturgy Energy Group NTGY | €28.94 | €31.58 | +9% |
| Atmos Energy Corporation ATO | $169.59 | $85.67 | -49% |
| NiSource Inc NI | $42.01 | $28.59 | -32% |
| Uniper SE UN0 | €47.45 | €48.32 | +2% |
| The Hong Kong and China Gas Company 0003 | HK$6.76 | HK$4.79 | -29% |
| GAIL (India) Limited GAIL | ₹177.95 | ₹130.21 | -27% |
| Adani Total Gas Limited ATGL | ₹654.05 | ₹101.36 | -85% |
| ENN Natural Gas Co 600803 | ¥17.32 | ¥25.71 | +48% |
| ENN Energy Holdings 2688 | HK$47.16 | HK$107.98 | +129% |
| China Suntien Green Energy Corporation 600956 | ¥7.26 | ¥7.37 | +2% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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