IIRM Holdings India Ltd

IIRM Holdings India Ltd

₹ 111 0.59%
05 Jun - 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 756 Cr.
  • Current Price 111
  • High / Low 129 / 68.0
  • Stock P/E 31.0
  • Book Value 23.0
  • Dividend Yield 0.00 %
  • ROCE 20.4 %
  • ROE 16.9 %
  • Face Value 5.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
177.83 65.73 47.92 50.32 55.49 67.96 59.31 60.87 64.01
133.45 50.22 35.24 42.06 46.39 51.97 45.79 48.22 48.16
Operating Profit 44.38 15.51 12.68 8.26 9.10 15.99 13.52 12.65 15.85
OPM % 24.96% 23.60% 26.46% 16.41% 16.40% 23.53% 22.80% 20.78% 24.76%
2.17 0.09 0.24 0.13 -0.06 0.06 0.31 0.06 1.08
Interest 2.98 0.53 0.69 0.65 0.95 1.23 2.07 1.98 2.56
Depreciation 11.92 2.88 3.03 3.03 3.64 4.48 4.53 4.39 3.90
Profit before tax 31.65 12.19 9.20 4.71 4.45 10.34 7.23 6.34 10.47
Tax % 28.47% 25.68% 18.15% 35.03% 55.28% 26.11% 27.39% 25.71% 35.34%
22.64 9.06 7.53 3.06 1.97 7.64 5.25 4.71 6.77
EPS in Rs 3.32 1.33 1.11 0.45 0.29 1.12 0.77 0.69 0.99
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026
178 219 252
133 174 194
Operating Profit 44 46 58
OPM % 25% 21% 23%
2 0 2
Interest 3 3 8
Depreciation 12 13 17
Profit before tax 32 31 34
Tax % 28% 29% 29%
23 22 24
EPS in Rs 3.32 3.17 3.58
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 84%
1 Year: 39%
Return on Equity
10 Years: %
5 Years: %
3 Years: 19%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026
Equity Capital 34 34 34
Reserves 75 98 123
19 30 95
28 23 31
Total Liabilities 156 185 282
39 62 58
CWIP 21 4 0
Investments 0 2 3
95 118 221
Total Assets 156 185 282

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026
-52 6 22
-31 -16 -13
114 9 61
Net Cash Flow 32 -1 70
Free Cash Flow -82 -8 20
CFO/OP -102% 41% 56%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Mar 2026
Debtor Days 92 120 124
Inventory Days
Days Payable
Cash Conversion Cycle 92 120 124
Working Capital Days 101 120 120
ROCE % 23% 20%

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
Gross Written Premium (GWP)
INR Million
Total Employees
Count
Number of Corporate Customers
Count
Number of Retail Customers
Count
Operating Locations
Count
Premium Serviced Annually
USD Million
Total Reinsurer Network
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
31.04% 64.87% 64.88% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 60.82% 57.89% 57.89%
7.02% 7.02% 5.34% 0.66% 0.66% 0.66% 0.66% 0.66% 0.66% 0.66% 0.66% 0.66%
61.93% 28.12% 29.78% 38.52% 38.52% 38.51% 38.52% 38.51% 38.52% 38.52% 41.45% 41.45%
No. of Shareholders 8718692013934066551,1911,2111,2901,4101,5321,528

* 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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