IIRM Holdings India Ltd
Incorporated in 1992, IIRM Holdings India
Ltd is in the business of consultancy and investments in group /associates companies[1]
- Market Cap ₹ 597 Cr.
- Current Price ₹ 87.7
- High / Low ₹ 105 / 68.0
- Stock P/E 29.8
- Book Value ₹ 21.3
- Dividend Yield 0.00 %
- ROCE 23.5 %
- ROE 18.6 %
- Face Value ₹ 5.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.93%
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| 178 | 219 | 244 | |
| 133 | 174 | 192 | |
| Operating Profit | 44 | 46 | 51 |
| OPM % | 25% | 21% | 21% |
| 2 | 0 | 0 | |
| Interest | 3 | 3 | 6 |
| Depreciation | 12 | 13 | 17 |
| Profit before tax | 32 | 31 | 28 |
| Tax % | 28% | 29% | |
| 23 | 22 | 20 | |
| EPS in Rs | 3.32 | 3.17 | 2.87 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 34 | 34 | 34 |
| Reserves | 75 | 98 | 111 |
| 19 | 30 | 47 | |
| 28 | 23 | 22 | |
| Total Liabilities | 156 | 185 | 214 |
| 39 | 62 | 57 | |
| CWIP | 21 | 4 | 4 |
| Investments | 0 | 2 | 2 |
| 95 | 118 | 151 | |
| Total Assets | 156 | 185 | 214 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| -52 | 6 | |
| -31 | -16 | |
| 114 | 9 | |
| Net Cash Flow | 32 | -1 |
| Free Cash Flow | -82 | -8 |
| CFO/OP | -102% | 41% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 92 | 120 |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 92 | 120 |
| Working Capital Days | 101 | 120 |
| ROCE % | 23% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2025 | |
|---|---|---|---|---|---|---|
| EBITDA INR Million |
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| Revenue from Operations INR Million |
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| Gross Written Premium (GWP) INR Million |
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| Total Employees Count |
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| Number of Corporate Customers Count |
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| Operating Locations Count |
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| Premium Serviced Annually USD Million |
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| Total Reinsurer Network Count |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Window for transfer/re-lodgement and dematerialisation of shares of physical shares
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Regulation 74(5) certificate filed for quarter ended March 31, 2026; demat requests processed and cancelled.
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Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
2 Apr - Axis Trustee Services disclosed non-disposal undertaking over 2 crore IIRM shares, 29.35%, dated March 28, 2026.
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Announcement under Regulation 30 (LODR)-Allotment
30 Mar - Wholly-owned subsidiary allotted INR65 crore NCDs to Kotak Fund on Mar 30, 2026; 4-year, 12% coupon.
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NDU Signed By Promoter
30 Mar - Promoter NDU (28-Mar-2026) encumbered 20,000,000 shares (29.35%) as security for Rs65 crore NCDs.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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.