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.
Metrics to compare | IRME | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipIRMEPeersSector | |
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P/E Ratio | 37.1x | 25.0x | 11.8x | |
PEG Ratio | −0.71 | 0.12 | 0.02 | |
Price/Book | 1.6x | 1.6x | 1.3x | |
Price / LTM Sales | 1.5x | 2.8x | 1.6x | |
Upside (Analyst Target) | 20.6% | 10.3% | 11.7% | |
Fair Value Upside | Unlock | −2.0% | 2.6% | Unlock |