AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 1 Oct - IRM Energy appointed Sorab S. Engineer & Co. as statutory auditors for five years from September 29, 2026.
Source: Bse
IRM Energy Limited (IRMENERGY)
Small CapPower stocks · Small cap · NSE
IRM Energy Limited operates in City Gas, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result07 Aug, 04:23 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Power P/E 16.8 (n=92)
Technical timing lens
Trend score and candlestick chart
29BearishSMA20 -6.6% / mo · MACD −
Stock trend: 29
Sector RS: —
Power FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
IRMENERGYD candles · FIT view-25.7%Latest close ₹246.10 on 2026-10-21
Bar
-3.1%
RSI
32
MACD hist
-0.68
52W pos
40%
2026-10-21O ₹253.95H ₹258.85L ₹241.90C ₹246.10Vol 49,228 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
IRMENERGYNifty PowerNifty 500
- IRMENERGY
- -5.6%
- Nifty 500
- -6.5%
- Nifty Power
- -14.5%
- Vs Nifty 500
- +0.9 pp
Chart stats
21 Oct 2026- From 52W high
- -32.9%
- 52W range position
- 40%
- ATR (14)
- 3.9%
- Volume vs 20D
- 1.06x
- Avg traded value
- ₹1.2 Cr
- 20D price channel
- ₹241.9 - ₹274
₹366.9
₹165.4 - ₹366.9
₹9.6
Latest completed session
20-session average
23.5% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE58
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +24.4% · PAT +142.9% YoY
Technical
Bearish29
Price trend and sector-relative-strength timing.
Valuation
Legacy model+42.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence75
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 100/100Rev +24% YoY · PAT +143% YoY · margin expansion · +16% QoQ · operating leverage
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹326 Cr | +24.4% | +16.4% |
| EBITDA | ₹62 Cr | +138.5% | +106.7% |
| Operating margin | 19.0% | +900 bps | +800 bps |
| PAT | ₹34 Cr | +142.9% | +161.5% |
| PAT margin | 10.4% | +509 bps | +579 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 14.60
- P/B
- 1.07
- EV/EBITDA
- 5.75
- Market Cap
- 1066.00Cr
Profitability
- ROE
- 5.49%
- ROCE
- 8.63%
- ROA
- 5.63%
- Dividend Y
- 0.58%
Growth (CAGR)
- Revenue 5Y
- 41.00%
- EPS 5Y
- 9.00%
- Revenue 3Y
- 3.00%
- EPS 3Y
- -6.00%
Balance Sheet
- Debt/Equity
- 0.07
- Interest Coverage
- 10.57×
- Altman Z
- 4.70
- Book Value
- 243.00
Cash Flow
- FCF Yield
- 9.29%
- FCF Positive Y
- 3/5
- OCF
- 143.00 Cr
- EPS TTM
- 17.80
Shareholding
- Promoter Hold
- 50.74%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 47%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 326+16.4% vs prev
Net Profit
₹ CrLatest: 34.0+161.5% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 32.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~7.1% over last month) — short-term momentum negative.
- RSI(14) at 32 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 33% off 52W high · 49% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
40
RS percentile
Stage 1 Base / Transition
1M return
-9.4%
3M return
-5.6%
6M return
-14.1%
1Y return
-22.5%
RS 1D
-7
RS 20D
-15
Sector rank
#12
Industry rank
-
Stage evidence
- Price is within 6.9% of the 30-week proxy.
- The 30-week proxy changed +2.3% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 73.05-1.26%
RS vs Nifty 50073
Valuation & peers
U-Score 58 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 58 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation21/30
Growth13/25
Quality0/20
Balance Sheet12/15
Cash Flow7/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
58
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
58/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 9.3%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 42.6%.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Growth is weaker at 13/25; verify the latest quarterly trend.
- Valuation is weaker at 21/30; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
14.6
PB
1.1
EV/EBITDA
5.8
ROE
5.5%
ROCE
8.6%
FCF Yield
9.3%
Debt/Equity
0.1
MoS
+42.6%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
58
Previous: 57 (+1)
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+42.6%
Previous: +41.4%
Score history
12 stored score snapshots. Latest stored move: -1 points.
21 Oct 2026
v4.3-runtime-valuation
58
58
58
58
58
56
58
56
56
56
58
57
Factor attribution
Valuation
21+1
was 20
Modelled fair value
Graham Number
₹311.96
+21.1% MoS
Growth-justified P/E
24.1
Growth-justified Value
₹428.98
+42.6% MoS
PEG
1.62
Comparable companies
Peers
Business-comparable peers in Power — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GUJENERGY
Small
GUJARAT ENERGY LIMITED
City Gas Distribution
match 149
68
11.1
10.2%
+69%
UNDERVALUED
TNPETRO
Small
Tamilnadu PetroProducts Limited
Power Generation
match 96
41
8.1
9.2%
-45%
WATCHLIST
SWELECTES
Small
Swelect Energy Systems Limited
Power Generation
match 95
44
21.2
5.3%
+11%
WATCHLIST
KECL
Small
Kirloskar Electric Company Limited
Power Generation
match 93
22
57.1
6.8%
-309%
OVERVALUED
SOLEX
Small
Solex Energy Limited
Power Generation
match 93
78
9.3
46.5%
+67%
DEEP VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
IRM Energy Limited operates in City Gas, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
75Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 78th percentile of the scored universe and 89th percentile within Power. Main check: financial discipline is weak at 42/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
27 docs text-extracted · 4 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
78th percentile
overall median 67 · Power: 89th pctile, median 65 · Small: 80th pctile, median 66
Evidence depth
Financial-only
27 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
42
weak · capital discipline
Results
82
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 8.6%.
- ▸Debt/equity is 0.07.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸ROE is low at 5.5%.
- ▸ROCE trend is -2%.
- ▸4 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching IRM Energy Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Sep - Please find attached herewith the Intimation of Schedule of Analyst/Investor Meet.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Sep - Please find attached herewith Newspaper Publication of Notice of 11th Annual General Meeting of the Company.
Source: Bse
Annual report
Business Responsibility and Sustainability Reporting (BRSR) 4 Sep - IRM Energy filed its FY2025-26 BRSR and annual report, including ESG, compliance, and operational disclosures.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 13 Aug - Arunkumar Saluru resigns as CFO effective August 13, 2026; Ashish Maheshwari appointed CFO from August 14, 2026.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Management 13 Aug - Arunkumar Saluru resigns as CFO on August 13, 2026; Ashish Maheshwari appointed effective August 14, 2026.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 18 Aug - CRISIL reaffirmed IRM Energy’s ₹700 crore facilities at AA-/Stable and A1+, revising outlook from Negative to Stable.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 13 Aug - CRISIL monitoring report for June 30, 2026 shows IPO proceeds utilization; Rs 1,587.17 million remains unutilized.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 12 Jun - IRM Energy appoints Ashish Maheshwari as Director-Finance, effective June 12, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 12 Jun - Please find attached herewith intimation of schedule of Investors/Analysts Meeting
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.