Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · IIRM HOLDINGS INDIA LIMITED · 22 September 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
IIRM HOLDINGS INDIA LIMITED
BSE: 526530
BSE: 526530
Services › Services › Commercial Services & Supplies › Consulting Services
IIRM HOLDINGS INDIA LIMITED
StateQ1 FY27 filed
Last close · 20 Sept 2026₹138.80
Market cap₹0.9k cr
TTM P/E · P/B · EV/EBITDA38.6 · 6.00 · 15.4
IIRM HOLDINGS INDIA LIMITED is a Commercial Services & Supplies company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 178 | 219 | 252 |
| EBITDA (ex other income) | 44 | 44 | 58 |
| margin % | 25.0 | 20.3 | 23.0 |
| Owners' profit | 21 | 21 | 24 |
| EPS, as reported (₹) | 12.91 | 3.17 | 3.58 |
| ROE % · ROCE % | 20.2 · 28.7 | 16.3 · 22.1 | 15.5 · 17.7 |
| Debt / equity (x) | 0.12 | 0.16 | 0.52 |
| Cash from operations | — | 6 | 22 |
| Capex | — | (32) | (6) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · IIRM HOLDINGS INDIA LIMITED · 22 September 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 48 | 50 | 55 | 68 | 59 | 61 | 64 | 74 |
| Profit before tax | 9 | 5 | 4 | 10 | 7 | 6 | 10 | 10 |
| Net profit | 8 | 3 | 2 | 8 | 5 | 5 | 7 | 8 |
| EPS (₹) | 1.11 | 0.45 | 0.26 | 1.12 | 0.77 | 0.69 | 0.99 | 1.15 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CENTRAL MINE P N D INST L | 15,005 | 49.3 | 6.57 | — | 26.9 | 34.6 | — | 34.9 |
| IIRM HOLDINGS INDIA LIMITED ◆ | 946 | 38.6 | 6.00 | 16.0 | 15.5 | 14.4 | — | 24.9 |
| Qualitek Labs Limited | 649 | 41.6 | — | — | — | 8.5 | — | — |
| Monarch Surveyors and Engineer | 357 | 7.3 | — | — | — | 20.9 | — | — |
| Ekansh Concepts Limited | 306 | 46.5 | 6.73 | 181.2 | (6.7) | (6.8) | (12.2) | 48.8 |
| LIKHAMI CONSULTING LIMITED | 297 | 934.1 | 8.46 | — | 0.7 | 0.9 | — | 67.2 |
| EKI ENERGY SERVICES LTD | 192 | 11.2 | 0.50 | 19.5 | (4.3) | (3.0) | — | (6.1) |
| MITCON CON & ENG SER LTD | 139 | 12.7 | 0.81 | 6.7 | 5.4 | 5.1 | — | 12.7 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 38.6 | 9.6 | 20 of 26 | 24% |
| P/B | 6.0 | 2.0 | 13 of 17 | 25% |
| ROCE | 14.4 | 7.9 | 7 of 27 | 77% |
| ROE | 15.5 | 5.8 | 5 of 20 | 79% |
| Debt / Equity | 0.5 | 0.0 | 16 of 20 | 21% |
| EBITDA margin | 24.9 | 31.8 | 11 of 17 | 38% |
| Revenue growth | 8.2 | 10.3 | 10 of 18 | 47% |
| Profit growth | 2.4 | (29.8) | 7 of 18 | 65% |
| Market cap | 946 | 36 | 2 of 27 | 96% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · IIRM HOLDINGS INDIA LIMITED · 22 September 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 16 Sept 2026 · Carpediem Capital Fund II acquires 11.15 percent stake in IIRM Holdings via preferential allotment | ownership changes | high | — | — |
| 11 Sept 2026 · Preferential Allotment of Equity Shares and Convertible Warrants | fund raising | high | — | — |
| 31 Aug 2026 · Subsidiary converts Rs 34.78 crore loan into equity via share allotment | fund raising | medium | — | — |
| 28 Aug 2026 · BSE in-principle approval for IIRM Holdings preferential issue | fund raising | high | — | — |
| 28 Aug 2026 · 33rd AGM results: all 9 resolutions passed with 100% votes in favour | board shareholder meetings | medium | — | — |
| 28 Aug 2026 · Preferential issue update: post-issue shareholding details disclosed | fund raising | high | — | — |
| 27 Aug 2026 · IIRM Holdings 33rd AGM: 9 resolutions tabled including preferential share and warrant issues | board shareholder meetings | medium | — | — |
| 24 Aug 2026 · IIRM Holdings appoints CARE Ratings as monitoring agency for Rs 150 Cr preferential issue | fund raising | medium | — | — |
| 19 Aug 2026 · Subsidiary gets IRDAI registration as Corporate Agent | business updates | high | — | — |
| 13 Aug 2026 · Corrigendum to 33rd AGM Notice - 150 Crore Preferential Issue | board shareholder meetings | low | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in