Company IRM Energy Limited

IRMENERGY

INE07U701015

Natural Gas Utilities

Analysts' Consensus

Business Summary

Managers

Members of the board

Share class

Shareholders

Company contact information

Sector

EPS Revisions

Annual profits - Rate of surprise

Sector Natural Gas Distribution

End-of-day quote NSE India S.E. Other stock markets 18:00:00 2024-05-26 EDT			5-day change	1st Jan Change
480 ^INR	-1.53%		-16.14%	-10.81%

02-09	IRM Energy Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	CI
01-25	IRM Energy Begins Commercial Operations at Liquefied Compressed Natural Gas Station in Tamil Nadu, India	MT

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. Its business includes compressed natural gas (CNG), piped natural gas (PNG) domestic, PNG commercial and PNG industrial. CNG is the compressed form of natural gas, which is a mixture of hydrocarbons, mainly methane. Its customers include operators of public transport vehicles, such as taxis, auto-rickshaws, and private vehicles, such as cars, buses, light goods vehicles and heavy goods vehicles. PNG is used for cooking and heating purposes in commercial establishments. Its operations at Banaskantha (Gujarat), Fatehgarh Sahib (Punjab), Diu & Gir Somnath (Union Territory of Daman and Diu/Gujarat), and Namakkal & Tiruchirappalli (Tamil Nadu), engaged in the business of laying, building, operating and expanding the city or local natural gas distribution network.

Number of employees: 164

Managers	Title	Age	Since
Karan Kaushal CEO	Chief Executive Officer	-	16-09-04
Harshal Anjaria DFI	Director of Finance/CFO	-	17-07-12
Prashant Sagar COO	Chief Operating Officer	-	16-07-10
Prachi Joshi ADM	Chief Administrative Officer	-	17-10-08
Shikha Jain CMP	Compliance Officer	-	20-01-03
Budhram Siyag PRN	Corporate Officer/Principal	-	17-04-19
Prerit Gupta PRN	Corporate Officer/Principal	-	17-03-14
Prakash Sinha PRN	Corporate Officer/Principal	-	17-09-21
Raghuvirsinh Solanki SAM	Sales & Marketing	-	16-07-10

Members of the board	Title	Age	Since
Rajiv Indravadan Modi BRD	Director/Board Member	64	15-11-30
Rabindra Nath Nayak BRD	Director/Board Member	68	22-09-23
Anandmohan Rammurti Tiwari BRD	Director/Board Member	64	20-06-13
Maheswar Bhima Sahu CHM	Chairman	70	-
C. K Gopal BRD	Director/Board Member	66	19-03-28
Amitabha Banerjee BRD	Director/Board Member	-	15-11-30
Badri Narayan Mahapatra BRD	Director/Board Member	49	16-09-29

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	41,059,677	4,919,972 ( 11.98 %)	0	11.98 %

Name	Equities	%	Valuation
Rajiv Indravadan Modi 50.07 %	20,558,773	50.07 %	132 M ₹
Enertech Distribution Management Pvt Ltd. 21.12 %	8,670,126	21.12 %	56 M ₹
DSP Asset Managers Pvt. Ltd. 3.266 %	1,341,051	3.266 %	9 M ₹
quant Money Managers Ltd. 2.864 %	1,176,032	2.864 %	8 M ₹
SHIZUOKA GAS CO., LTD. 2.168 %	890,000	2.168 %	6 M ₹
HDFC Life Insurance Co. Ltd. (Investment Portfolio) 1.431 %	587,640	1.431 %	4 M ₹
SBI General Insurance Co. Ltd. (Investment Portfolio) 1.206 %	495,049	1.206 %	3 M ₹
Bank of India Investment Managers Pvt Ltd. 0.7712 %	316,646	0.7712 %	2 M ₹
Maheswar Bhima Sahu 0.3427 %	140,718	0.3427 %	903 391 ₹
ITI Asset Management Ltd. (India) 0.1206 %	49,498	0.1206 %	317 771 ₹

IRM Energy Ltd.

Magnet Corporate Park Near Sola Bridge, S.G. Highway

380054, Ahmedabad

+91 79 4903 1500

http://www.irmenergy.com

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

480 INR

Average target price

665 INR

Spread / Average Target

+38.54%

Consensus

Estimates Revisions

Company calendar

Natural Gas Utilities

Natural Gas Utilities

Natural Gas Distribution

	1st Jan change	Capi.
IRM ENERGY LIMITED	-10.81%	241M
THE HONG KONG AND CHINA GAS CO LTD	+6.19%	14.93B
ENN ENERGY HOLDINGS LIMITED	+31.65%	10.79B
KUNLUN ENERGY COMPANY LIMITED	+21.73%	9.1B
CHINA RESOURCES GAS GROUP LIMITED	+9.38%	8.22B
ENN NATURAL GAS CO.,LTD.	+10.58%	7.81B
GRUPO ENERGÍA BOGOTÁ S.A. E.S.P.	+35.79%	6.04B
SOUTHWEST GAS HOLDINGS, INC.	+20.27%	5.46B
NEW FORTRESS ENERGY INC.	-33.40%	5.15B
BROOKFIELD INFRASTRUCTURE CORPORATION	+0.74%	5.08B

Natural Gas Distribution