IIRM Holdings India Ltd

IIRM Holdings India Ltd

₹ 75.0 1.92%
04 Jul - close price
About

Incorporated in 1992, IIRM Holdings India
Ltd is in the business of consultancy and investments in group /associates companies[1]

Key Points

Business Profile[1] IIRM Holdings India Limited (formerly Sudev Industries) is a diversified insurance distribution platform with over 25 years of operational history. It operates across India, Singapore, Sri Lanka, Maldives, and Kenya and has evolved from an insurance agency to a licensed broker offering comprehensive insurance solutions, reinsurance services, and wellness offerings.

  • Market Cap 511 Cr.
  • Current Price 75.0
  • High / Low 172 / 45.2
  • Stock P/E 672
  • Book Value 4.77
  • Dividend Yield 0.00 %
  • ROCE 5.66 %
  • ROE 2.36 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company's working capital requirements have reduced from 115 days to 75.0 days

Cons

  • Stock is trading at 15.7 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
0.00 0.00 0.30 0.30 0.25 0.30 0.31 1.01 0.08 1.00 0.35 0.98 1.32
0.10 0.12 0.27 0.37 0.22 0.27 0.25 0.13 0.07 0.11 0.23 0.53 0.96
Operating Profit -0.10 -0.12 0.03 -0.07 0.03 0.03 0.06 0.88 0.01 0.89 0.12 0.45 0.36
OPM % 10.00% -23.33% 12.00% 10.00% 19.35% 87.13% 12.50% 89.00% 34.29% 45.92% 27.27%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
Profit before tax -0.10 -0.12 0.03 -0.07 0.03 0.03 0.06 0.88 0.01 0.89 0.12 0.45 0.35
Tax % 110.00% 0.00% 0.00% 0.00% 0.00% 0.00% -16.67% 26.14% 0.00% 25.84% -33.33% 100.00% 117.14%
-0.21 -0.12 0.03 -0.07 0.03 0.03 0.07 0.65 0.01 0.66 0.16 0.01 -0.06
EPS in Rs -0.25 -0.14 0.04 -0.08 0.04 0.04 0.08 0.77 0.00 0.10 0.02 0.00 -0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.00 0.00 0.02 0.06 0.13 0.00 0.00 0.00 0.00 0.91 1.70 3.65
0.04 0.04 0.03 0.05 0.14 0.07 0.03 0.02 0.15 0.73 0.72 1.82
Operating Profit -0.04 -0.04 -0.01 0.01 -0.01 -0.07 -0.03 -0.02 -0.15 0.18 0.98 1.83
OPM % -50.00% 16.67% -7.69% 19.78% 57.65% 50.14%
0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
Profit before tax -0.04 -0.01 -0.01 0.01 -0.01 -0.07 -0.03 -0.02 -0.15 0.18 0.98 1.81
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 73.33% 22.22% 22.45% 58.01%
-0.04 -0.01 -0.01 0.01 -0.01 -0.07 -0.03 -0.02 -0.26 0.15 0.76 0.76
EPS in Rs -0.05 -0.01 -0.01 0.01 -0.01 -0.08 -0.04 -0.02 -0.31 0.18 0.11 0.11
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 68%
5 Years: %
3 Years: %
TTM: 115%
Compounded Profit Growth
10 Years: 55%
5 Years: 94%
3 Years: 70%
TTM: 0%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 74%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50 2.79 34.07 34.07
Reserves -3.48 -3.49 -3.50 -3.49 -3.50 -3.62 -3.65 -3.67 -3.93 -3.07 -2.31 -1.55
0.33 0.33 0.33 0.33 0.33 0.36 0.36 0.36 0.36 0.00 0.00 0.06
0.05 0.06 0.07 0.09 0.10 0.19 0.22 0.24 0.46 0.59 0.14 0.89
Total Liabilities 0.40 0.40 0.40 0.43 0.43 0.43 0.43 0.43 0.39 0.31 31.90 33.47
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.07
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 29.86 29.92
0.40 0.40 0.40 0.43 0.43 0.43 0.43 0.43 0.39 0.31 2.04 3.48
Total Assets 0.40 0.40 0.40 0.43 0.43 0.43 0.43 0.43 0.39 0.31 31.90 33.47

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-0.04 -0.02 0.00 0.03 0.02 -0.01 -0.01 0.00 0.00 0.35 -1.30 0.01
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -29.87 -0.06
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.36 31.28 0.06
Net Cash Flow -0.04 -0.02 0.00 0.03 0.02 -0.01 -0.01 0.00 0.00 0.00 0.12 0.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 365.00 121.67 0.00 116.32 19.32 150.00
Inventory Days 0.00 0.00
Days Payable
Cash Conversion Cycle 365.00 121.67 0.00 116.32 19.32 150.00
Working Capital Days 547.50 60.83 -56.15 -112.31 382.18 75.00
ROCE % -10.96% -2.90% -2.99% 2.99% -2.99% -13.33% -10.00% -250.00% 6.23% 5.66%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
31.05% 31.04% 46.92% 46.92% 31.04% 64.87% 64.88% 60.82% 60.82% 60.82% 60.82% 60.82%
7.02% 7.02% 10.60% 10.60% 7.02% 7.02% 5.34% 0.66% 0.66% 0.66% 0.66% 0.66%
61.94% 61.94% 42.48% 42.48% 61.93% 28.12% 29.78% 38.52% 38.52% 38.51% 38.52% 38.51%
No. of Shareholders 9299298738758718692013934066551,1911,211

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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