IRM Energy Ltd is a well-known company and the company is a part of Cadila Pharmaceuticals Ltd. In October 2023, IRM Energy Ltd company launched its IPO. The stock is listed in the NSE and BSE at Rs. 477.25 and as of 21 Feb 2024, the stock is trading at Rs. 543.70. Below are the IRM Energy share price targets for 2024, 2025, and 2026 with analysis.
IRM Energy Limited is a small-cap company but the company is very stable and it is trading at a fair valuation and financials of the company are also very stable. It means the company has huge strength and its stock can give good returns in the future.
If you are also one of those investors looking for a good small company for investment, then you are on the right page. On the page, we are going to share a lot of key information about the company that may help you in your investment. On the page you will get some financial data, the business model of the company, growth, important ratios, and many more.
Related Posts:
- Jio Financial Services Share Price Target 2024, 2025, and 2026
- JSW Infrastructure Share Price Target 2024, 2025, and 2026
- Signature Global Share Price Target 2024, 2025, and 2026
About IRM Energy Ltd
IRM Energy Ltd. was founded in 2015 and is part of the Cadila Pharmaceuticals Ltd. company. As of now the current managing director of the IRM Energy Limited company is Mr. Karan Kaushal.
IRM Energy Limited is involved in the multiple businesses of CNG, PNG Domestic, PNG Commercial, and PNG INdustrial. IRM Energy is one of the leading companies in the business of City Gas Distribution with an expense of almost 6 years.
The IRM Energy Limited company business is present in many locations like Banaskantha (Gujarat), Diu & Gir-Somnath (Gujarat), Namakkal and Tiruchirapalli (Tamilnadu), and Fetehgarh Sahib (Punjab). These are the districts of the different states, in these districts, they are working at many locations. You can check all the locations where they work on their official website.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of the company among all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, it is highly recommended to do a fundamental analysis by yourself of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The Financial Information of the IRM Energy Limited company was last updated on 21 Feb 2024. Kindly check the latest data on your broken platform or any screener you trust or use.
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | ₹11.33 |
| March 2020 | ₹21.09 |
| March 2021 | ₹35.13 |
| March 2022 | ₹114 |
| March 2023 | ₹56.45 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Sep 2022 | ₹15.17 |
| Dec 2022 | ₹19.92 |
| Jun 2023 | ₹27.84 |
| Sep 2023 | ₹28.10 |
| Dec 2023 | ₹24.34 |
Company Fundamentals
| Market Cap | ₹2,313Cr | ROE | 19.48% |
| P/E Ratio (TTM) | 28.63 | EPS (TTM) | 19.67 |
| P/B Ratio | 2.46 | Div Yield | 0.07% |
| Industry P/E | 39.94 | Book Value | 228.87 |
| Debt to Equity | 0.88 | Face Value | 10 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | NA | NA | 0.50% |
| DIIs | NA | NA | 12.58% |
| Public | NA | NA | 36.84% |
| Promoters | NA | NA | 50.07% |
| Other Holders | NA | NA | 0.00% |
Key Points
- On IRM Energy Limited company there is a Debt of Rs. 303.84 Crore as of 19 December 2023. On the other side, it has a cash of Rs. 98.48 Crore.
- IRM Energy Limited ROE and ROCE are 40.73% and 30.66%. This data is considered excellent by any company.
- In the last 3 years, the IRM Energy Limited company has delivered revenue growth of approx 88%. It is a very massive revenue growth for any company.
- In the last 5 years, the IRM Energy company has shown increasing profit growth.
Quarterly Results
As it is a micro-cap compnay stoke but the compnay made a profit in the year 2018 and in 2018 the net profit of the compnay was Rs. 1 Cr and now in the current year 2023, the net profit is Rs. 56 Crore. In the last 5-6 years the company made a huge profit.
In the Dec quarter, the compnay has shown a net profit of Rs. 24.34 Crore.
Investing Rules
Investment rules play a major role in the life of an Investor to invest in the right stock, book profit at the right time, buy at the right time, sell at the right time, and many more… In a few words, it plays a major role in reducing risk in the stock market and maximizing profit.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge you should follow the rules to make your self psychology strong.
- Rule 1: Do not invest in penny stocks, if investing make sure most of the money is invested in large-cap stocks, large-cap mutual funds, etc. Penny stocks are hazardous, especially for retail investors.
- Rule 2: Invest for the long term, at least 5 to 6 years. Investing for the long term reduces a lot of risks. It is confirmed that the market will go up in the long term.
- Rule 3: Do not invest in a lot of stocks, It will become tough to analyze all the stocks regularly. So, invest in a limited number of stocks like 15 – 18 stocks only.
- Rule 4: Only invest in 1 – 2 stocks of a specific sector. In case, the stock faces any problem in the future your maximum investments will be safe.
- Rule 5: Investing in SIP mode will keep averaging your buying price with time and the return will be maximized as well.
- Rule 6: Invest only 5% to 6% in a single stock. In penny stocks, you should only invest in the 3% to 4%.
- Rule 7: You should have all the information about the stocks you invested like the company, company products & services, business model, company fundamentals, etc.
- Rule 8: Only invest or SIP in stocks only when it is available at a very high discount of 10% to 15% at least.
- Rule 9: When a stock you want to invest in is near its all-time high and has the potential to go up, you should invest in the stock in SIP mode.
- Rule 10: Do not invest in those stocks, which are in trouble and have problems in the company fundaments especially in penny stocks.
IRM Energy Share Price Target
As you can see the company is a growing company in its industry no matter if it is a small-cap company. A small-cap company can be volatile but on the same side, it can also deliver good returns in upcoming years if it keeps doing at its best level. According to the above shared financial data, the company is looking perfect for the long term but make sure you also check all the information before investing.
As we mentioned above the IRM Energy stock was listed recently in the NSE and BSE. The Price range for the IPO was set to Rs. 480 to Rs. 505 and the stock was listed at Rs. 477.25 as of 21 Feb 2024, the stock is trading at Rs. 543.95. In a few words, there can be many investors who are having some losses in the stock.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
IRM Energy share price target 2024
After listing in the stock market the stock started going up but the stock is going up very slowly. After listing the stock has given approx a 25% return as of 21 Feb 2024.
As of now, the stock is looking bearish and there are very high chance that the stock can fall 5% to 7% in the next few weeks. There is minor support at Rs. 498 and in case if the support is broken then we can see a downward trend in the stock.
In case, if the stock is reversed from the support and breaks its all-time high then most probably we can see a 15% to 20% upside move in the stock from its all-time high.
IRM Energy share price target 2025 and 2026
For the long term, the IRM Energy Limited stock is looking good and most importantly the stock has been trading at a fair valuation in the last 5 years the company’s profit has increased each year.
In a few words, for the long term, the stock can be considered as a good stock but you should only invest in the stock when you understand the industry. In case, you do not understand the industry then there are very high chance you’ll make a minimum profit or a loss in the stock.
If you invest in micro-cap stocks then there are a few major things that most investors use before investing like consistent profit, increasing net profit, increasing net sales, sector, etc.
The stock matches many of the things so, you can analyze the stock from your end and make a decision. Before investing always remember that it is a penny stock and in a falling market, the micro-cap stocks fall very badly. So, you should invest in micro-cap stocks when you can easily handle these things.
FAQs
If you want to invest in the industry in small-cap stock then it can be a good choice. The financials of the stock are very stable and trading at a fair valuation. So, it can be considered as a good stock but if you don’t want to take risks then you should avoid the stock.
Yes, IRM Energy is a small-cap stock. If the company’s market cap is lower than the Rs. 5000 Crore then it is considered as a small-cap stock.
As of now, the stock is currently available at a 10% discount from its all-time high. As we mentioned above it is a small-cap stock and trading just above the support. So, there are very high chance that the stock may fall more in the future or it can go up. So, invest in SIP because investing in bulk can burn a lot of money.
Final Words: IRM Energy is involved in the business of CNG, PNG Domestic, PNG Commercial, and PNG Industrial. From business, the company made a good profit in the last few years and continuously grew. As the company is fundamentally very strong, the future of the company is very bright until any rules and regulations are passed by govt against the industry. Otherwise, you can expect a big move in IRM Energy’s share price target for 2024, 2025, and 2026.