ADVERTISEMENT
'Buy' IRM Energy Shares Maintains HDFC Securities But Cuts Target Price — Here's Why
IRM trades at a low FY26E EV/Ebitda multiple of 3.0x, significantly below peers like IGL and MGL, suggesting undervaluation if growth forecasts hold, adds the brokerage.
17 Sep 2025, 10:16 AM IST 
Save
IRM reported volume of 52.1 mmscm in FY25, registering 10% YoY volume growth.
(Photo: Company website)
IRM Energy is doubling down on the CNG segment, projecting continued robust volume growth in FY26, driven by CNG vehicle additions and expansion of its station network. The company aims to add 50 new CNG stations in FY26.
