IIRM Holdings India Ltd

₹ 130 1.64%

26 Aug 2:04 p.m.

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.

Website BSE

Market Cap ₹ 889 Cr.
Current Price ₹ 130
High / Low ₹ 152 / 68.0
Stock P/E 2,403
Book Value ₹ 13.1
Dividend Yield 0.00 %
ROCE 2.46 %
ROE 1.54 %
Face Value ₹ 5.00

Add ratio to table

Edit ratios

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 9.88 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 2.26% over last 3 years.
Company has high debtors of 338 days.

* 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.

Peer comparison

Services Services Commercial Services & Supplies Consulting Services

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0.30	0.31	1.01	0.08	1.00	0.35	0.98	1.32	1.84	1.10	1.15	1.20	1.69
	0.27	0.25	0.13	0.07	0.11	0.23	0.53	0.96	0.92	0.87	0.92	1.08	1.55
Operating Profit	0.03	0.06	0.88	0.01	0.89	0.12	0.45	0.36	0.92	0.23	0.23	0.12	0.14
OPM %	10.00%	19.35%	87.13%	12.50%	89.00%	34.29%	45.92%	27.27%	50.00%	20.91%	20.00%	10.00%	8.28%
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.08	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.03	0.06	0.88	0.01	0.89	0.12	0.45	0.35	0.92	0.19	0.23	0.06	0.14
Tax %	0.00%	-16.67%	26.14%	0.00%	25.84%	-33.33%	100.00%	117.14%	26.09%	21.05%	26.09%	183.33%	21.43%
	0.03	0.07	0.65	0.01	0.66	0.16	0.01	-0.06	0.68	0.15	0.17	-0.05	0.10
EPS in Rs	0.04	0.08	0.77	0.00	0.10	0.02	0.00	-0.01	0.10	0.02	0.02	-0.01	0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0.00	0.02	0.06	0.13	0.00	0.00	0.00	0.00	0.91	1.70	3.65	5.29	5.14
	0.04	0.03	0.05	0.14	0.07	0.03	0.02	0.15	0.73	0.72	1.82	3.79	4.42
Operating Profit	-0.04	-0.01	0.01	-0.01	-0.07	-0.03	-0.02	-0.15	0.18	0.98	1.83	1.50	0.72
OPM %		-50.00%	16.67%	-7.69%					19.78%	57.65%	50.14%	28.36%	14.01%
	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.02
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.12	0.12
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.02	0.00
Profit before tax	-0.01	-0.01	0.01	-0.01	-0.07	-0.03	-0.02	-0.15	0.18	0.98	1.81	1.38	0.62
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	73.33%	22.22%	22.45%	58.01%	31.88%
	-0.01	-0.01	0.01	-0.01	-0.07	-0.03	-0.02	-0.26	0.15	0.76	0.76	0.94	0.37
EPS in Rs	-0.01	-0.01	0.01	-0.01	-0.08	-0.04	-0.02	-0.31	0.18	0.11	0.11	0.14	0.04
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:	57%
5 Years:	%
3 Years:	80%
TTM:	14%

Compounded Profit Growth
10 Years:	58%
5 Years:	118%
3 Years:	84%
TTM:	-53%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	87%
1 Year:	50%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	2%
Last Year:	2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3.50	3.50	3.50	3.50	3.50	3.50	3.50	3.50	2.79	34.07	34.07	34.07
Reserves	-3.49	-3.50	-3.49	-3.50	-3.62	-3.65	-3.67	-3.93	-3.07	-2.31	-1.55	55.41
	0.33	0.33	0.33	0.33	0.36	0.36	0.36	0.36	0.00	0.00	0.07	0.05
	0.06	0.07	0.09	0.10	0.19	0.22	0.24	0.46	0.59	0.14	0.88	1.17
Total Liabilities	0.40	0.40	0.43	0.43	0.43	0.43	0.43	0.39	0.31	31.90	33.47	90.70
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.07	0.06
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	29.86	29.92	50.38
	0.40	0.40	0.43	0.43	0.43	0.43	0.43	0.39	0.31	2.04	3.48	40.26
Total Assets	0.40	0.40	0.43	0.43	0.43	0.43	0.43	0.39	0.31	31.90	33.47	90.70

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0.02	0.00	0.03	0.02	-0.01	-0.01	0.00	0.00	0.35	-1.30	0.01	-35.47
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-29.87	-0.06	35.56
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.36	31.28	0.06	-0.02
Net Cash Flow	-0.02	0.00	0.03	0.02	-0.01	-0.01	0.00	0.00	0.00	0.12	0.01	0.07
Free Cash Flow	-0.02	0.00	0.03	0.02	-0.01	-0.01	0.00	0.00	0.35	-1.31	0.01	-35.48
CFO/OP	50%	0%	300%	-200%	14%	33%	0%	0%	222%	-117%	40%	-2,327%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days		365.00	121.67	0.00				116.32	19.32	150.00	338.09
Inventory Days			0.00	0.00
Days Payable
Cash Conversion Cycle		365.00	121.67	0.00				116.32	19.32	150.00	338.09
Working Capital Days		-5,475.00	-1,946.67	-982.69				-112.31	382.18	74.00	282.89
ROCE %	-2.90%	-2.99%	2.99%	-2.99%	-13.33%	-10.00%	-250.00%		6.23%	5.66%	2.46%

Insights

In beta

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Gross Written Premium (GWP) - Total
INR Million

x,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
x,xxx	x,xxx	xx,xxx	xx,xxx	xx,xxx
xx	xx	xx	xx	xxx
xxx	x,xxx	xxx	xxx	xxx
			x,xxx	x,xxx
			xx.xx	xx.xx
			xxx	xxx
			xxx,xxx	xxx,xxx

Please log in to see hidden values.

GWP - India
INR Million

GWP - Maldives
INR Million

GWP - Sri Lanka
INR Million

Corporate Customers
count

GWP Mix - Corporate Business Vertical
%

Reinsurance Partners
count

Retail Customers
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	64.87%	64.88%	60.82%	60.82%	60.82%	60.82%	60.82%	60.82%	60.82%	57.89%	57.89%	57.89%
	7.02%	5.34%	0.66%	0.66%	0.66%	0.66%	0.66%	0.66%	0.66%	0.66%	0.66%	0.66%
	28.12%	29.78%	38.52%	38.52%	38.51%	38.52%	38.51%	38.52%	38.52%	41.45%	41.45%	41.44%
No. of Shareholders	869	201	393	406	655	1,191	1,211	1,290	1,410	1,532	1,528	1,637

	Mar 2016	Mar 2017	Mar 2018	Dec 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	31.05%	31.05%	31.05%	31.05%	31.05%	31.05%	31.05%	46.92%	60.82%	60.82%	57.89%	57.89%
	7.02%	7.02%	7.02%	7.02%	7.02%	7.02%	7.02%	10.60%	0.66%	0.66%	0.66%	0.66%
	61.94%	61.94%	61.94%	61.94%	61.94%	61.94%	61.94%	42.48%	38.52%	38.51%	41.45%	41.44%
No. of Shareholders	928	928	928	928	928	928	929	875	393	1,211	1,528	1,637

* 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.

Documents

Announcements

All

Annual reports

Concalls

Aug 2026

Transcript

AI Summary
PPT
May 2026

Transcript

AI Summary
PPT
Mar 2026

Transcript

AI Summary
PPT
Mar 2026

Transcript

AI Summary
PPT
Aug 2025

Transcript

AI Summary
PPT
Jun 2025

Transcript

AI Summary
PPT
Dec 2024

Transcript

AI Summary
PPT