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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
IRM Energy Limited is a city gas distribution company. The Company is engaged in developing natural gas distribution projects across various districts in the country for industrial, commercial, domestic, and automobile customers. It has a single operating segment, which is…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, stagnant business, fairly priced.
IRM Energy is scored on the commodity / cyclical framework. It keeps a slim 5.2% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.51× reported profit. It throws off free cash worth 10.0% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at 4%/yr and profit at 0%/yr. Book value itself has compounded 57%/yr — the hallmark of a genuine compounder. Return on equity is a modest 8.2%. In the latest quarter profit fell 25% versus the prior quarter.
At 22× earnings, the stock sits at the 40th percentile of its own 3.1-year range — the middle of where it has historically traded. Today's price asks for only ~1%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 11.49 | 10.37 | worse |
| P/B | 0.94 | 1.37 | better |
| EV/EBITDA | 4.47 | — | — |
| ROE | 8.18 | 16.03 | worse |
| ROCE | 12.23 | 14.23 | worse |
| ROA | 6.52 | — | — |
| Quick Ratio | 1.81 | 2.58 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| GAIL | 9.7 | 1.3 | 13.1% |
| Adani Total Gas | 98.6 | 12.2 | 12.4% |
| Petronet LNG | 10.3 | 2.0 | 19.1% |
3% CAGR — growing but slowly.
Revenue is outpacing profit (3% vs 0%) — costs are rising faster than the top line.
Operating margins have been stable around 7% — no major structural shift.
ROE at 5% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 11pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (0% vs -28%) — share dilution is eroding per-share value. -28% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.5× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Run-rate stepping up — recent quarters average 20% above earlier ones.
Profit fell 25% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly net margins are expanding (6% → 8%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.1y median.
Promoter holding at 50.7% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.