IRM ENERGY LTD
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… Read more
IRM ENERGY LTD (IRMENERGY) - Net Assets
Latest net assets as of September 2025: ₹9.71 Billion INR
Based on the latest financial reports, IRM ENERGY LTD (IRMENERGY) has net assets worth ₹9.71 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹12.41 Billion) and total liabilities (₹2.70 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹9.71 Billion |
| % of Total Assets | 78.26% |
| Annual Growth Rate | 74.52% |
| 5-Year Change | 708.41% |
| 10-Year Change | N/A |
| Growth Volatility | 55.38 |
IRM ENERGY LTD - Net Assets Trend (2019–2025)
This chart illustrates how IRM ENERGY LTD's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for IRM ENERGY LTD (2019–2025)
The table below shows the annual net assets of IRM ENERGY LTD from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹9.51 Billion | +2.03% |
| 2024-03-31 | ₹9.32 Billion | +168.96% |
| 2023-03-31 | ₹3.46 Billion | +42.14% |
| 2022-03-31 | ₹2.44 Billion | +107.24% |
| 2021-03-31 | ₹1.18 Billion | +57.36% |
| 2020-03-31 | ₹747.35 Million | +122.28% |
| 2019-03-31 | ₹336.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to IRM ENERGY LTD's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2771.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹3.31 Billion | 34.79% |
| Common Stock | ₹410.60 Million | 4.32% |
| Other Comprehensive Income | ₹347.42 Million | 3.65% |
| Other Components | ₹5.44 Billion | 57.24% |
| Total Equity | ₹9.51 Billion | 100.00% |
IRM ENERGY LTD Competitors by Market Cap
The table below lists competitors of IRM ENERGY LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Performance Shipping Inc
NASDAQ:PSHG
|
$23.71 Million |
|
Hironic Co. Ltd
KQ:149980
|
$23.71 Million |
|
Younglimwon Soft Lab Co. Ltd.
KQ:060850
|
$23.73 Million |
|
Sun A.Kaken CompanyLimited
F:KK2
|
$23.73 Million |
|
Beijing Energy International Holding Co. Ltd
PINK:PVLTF
|
$23.70 Million |
|
IKIO Lighting Limited
NSE:IKIO
|
$23.70 Million |
|
MOTORK LTD. EO -01
F:5FS
|
$23.69 Million |
|
SNU Precision Co. Ltd
KQ:080000
|
$23.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IRM ENERGY LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,317,610,000 to 9,507,220,000, a change of 189,610,000 (2.0%).
- Net income of 452,040,000 contributed positively to equity growth.
- Dividend payments of 96,590,000 reduced retained earnings.
- Share repurchases of 349,990,000 reduced equity.
- Other comprehensive income increased equity by 348,730,000.
- Other factors decreased equity by 164,580,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹452.04 Million | +4.75% |
| Dividends Paid | ₹96.59 Million | -1.02% |
| Share Repurchases | ₹349.99 Million | -3.68% |
| Other Comprehensive Income | ₹348.73 Million | +3.67% |
| Other Changes | ₹-164.58 Million | -1.73% |
| Total Change | ₹- | 2.03% |
Book Value vs Market Value Analysis
This analysis compares IRM ENERGY LTD's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.86x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 11.99x to 0.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-03-31 | ₹16.52 | ₹198.16 | x |
| 2020-03-31 | ₹30.52 | ₹198.16 | x |
| 2021-03-31 | ₹38.86 | ₹198.16 | x |
| 2022-03-31 | ₹5.94 | ₹198.16 | x |
| 2023-03-31 | ₹8.44 | ₹198.16 | x |
| 2024-03-31 | ₹266.14 | ₹198.16 | x |
| 2025-03-31 | ₹231.56 | ₹198.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IRM ENERGY LTD utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.63%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.34x
- Recent ROE (4.75%) is below the historical average (25.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 33.70% | 15.26% | 0.41x | 5.38x | ₹79.67 Million |
| 2020 | 28.19% | 12.72% | 0.62x | 3.57x | ₹135.91 Million |
| 2021 | 29.67% | 18.48% | 0.56x | 2.87x | ₹231.29 Million |
| 2022 | 52.53% | 25.29% | 0.91x | 2.28x | ₹1.04 Billion |
| 2023 | 18.23% | 6.44% | 1.24x | 2.29x | ₹285.04 Million |
| 2024 | 9.19% | 8.96% | 0.74x | 1.39x | ₹-75.09 Million |
| 2025 | 4.75% | 4.63% | 0.77x | 1.34x | ₹-498.68 Million |
Industry Comparison
This section compares IRM ENERGY LTD's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $12,052,551,870
- Average return on equity (ROE) among peers: 18.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IRM ENERGY LTD (IRMENERGY) | ₹9.71 Billion | 33.70% | 0.28x | $23.70 Million |
| Adani Total Gas Limited (ATGL) | $7.15 Billion | 14.16% | 1.32x | $1.32 Billion |
| Gujarat State Petronet Limited (GSPL) | $12.15 Billion | 10.16% | 1.48x | $879.26 Million |
| Gujarat Gas Limited (GUJGASLTD) | $7.29 Billion | 22.04% | 0.61x | $718.69 Million |
| Indraprastha Gas Limited (IGL) | $17.63 Billion | 25.42% | 0.62x | $1.14 Billion |
| Mahanagar Gas Limited (MGL) | $16.04 Billion | 18.77% | 0.35x | $666.36 Million |