[Dilip Davda] IEL is an emerging player in CGD segment with penetration in three states where ample opportunities are envisaged. The company marked growth in its top and bottom lines except for FY23 where it marked pressure on margins following surge in petroleum and gas prices due to Ukraine-Russia war. FY24-Q1 performance indicates return of normalcy and the management is confident of maintaining growth. Based on annualized FY24 numbers, the issue appears fully priced. It is a long race horse. Investors may park funds for the medium to long term rewards. Read detail review...

IRM Energy IPO Peer Comparison

IRM Energy Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)

Company Name	EPS (Rs)		NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic	EPS Diluted	NAV (per share) (Rs)	P/E (x)	RoNW (%)
IRM Energy Limited	20.93	20.93	114.48		18.23
Gujarat Gas Limited	22.20	22.20	102.09	18.69	21.75
Indraprastha Gas Limited	23.42	23.42	113.30	19.21	20.67
Mahanagar Gas Limited	79.98	79.98	418.53	12.64	19.11
Adani Total Gas Limited	4.97	4.97	26.74	125.18	18.58

Notes:

With respect to IRM Energy Limited, the information above is based on the Restated Consolidated Financial Statements for the year ended March 31, 2023.
Financial information for listed industry peers mentioned above for the year ended March 31, 2023, is based on disclosures/submissions made by these companies to the stock exchanges/financials hosted on their website.
Diluted EPS refers to the diluted earnings per share of the respective company.
NAV is computed as the net worth at the end of the year divided by the closing outstanding number of equity shares.
P/E Ratio has been computed based on the closing market price of the equity shares (Source: NSE) on September 28, 2023, divided by the diluted EPS of March 31, 2023.
RoNW is computed as net profit attributable to owners of the company divided by net worth at the end of the year.

IRM Energy IPO Review by Members

IRM Energy IPO Reviews, analysis and views by popular members. Read IRM Energy Ltd. IPO reviews by retail investors to find recommended ipo to buy.

IRM Energy IPO Review Summary by Members

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