IRIS Business Services Ltd
Incorporated in 2000, IRIS Business Services
Ltd offers Regtech solutions to regulators and enterprises[1]
- Market Cap ₹ 222 Cr.
- Current Price ₹ 115
- High / Low ₹ 163 / 67.0
- Stock P/E 39.8
- Book Value ₹ 17.9
- Dividend Yield 0.00 %
- ROCE 17.5 %
- ROE 14.5 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 23.1% CAGR over last 5 years
Cons
- Stock is trading at 6.41 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 37.2%
- Company has a low return on equity of 11.6% over last 3 years.
- Debtor days have increased from 100 to 123 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
Sector: IT - Software Industry: Computers - Software - Medium / Small
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
62.47 | 67.79 | 54.74 | 32.20 | 27.32 | 34.95 | 39.89 | 51.00 | 57.15 | 61.27 | 73.57 | 92.50 | |
44.91 | 50.15 | 46.43 | 37.29 | 32.49 | 34.67 | 40.63 | 43.32 | 45.78 | 54.08 | 63.97 | 80.84 | |
Operating Profit | 17.56 | 17.64 | 8.31 | -5.09 | -5.17 | 0.28 | -0.74 | 7.68 | 11.37 | 7.19 | 9.60 | 11.66 |
OPM % | 28.11% | 26.02% | 15.18% | -15.81% | -18.92% | 0.80% | -1.86% | 15.06% | 19.90% | 11.73% | 13.05% | 12.61% |
-2.20 | 0.64 | 1.58 | 4.59 | -0.25 | 0.62 | 1.07 | 0.58 | 0.22 | 0.74 | 1.33 | 0.94 | |
Interest | 1.40 | 1.88 | 1.43 | 1.68 | 2.08 | 2.00 | 1.60 | 1.55 | 1.71 | 1.07 | 1.02 | 1.08 |
Depreciation | 4.34 | 3.80 | 5.55 | 4.58 | 4.63 | 4.49 | 4.09 | 6.16 | 6.27 | 5.23 | 4.71 | 4.69 |
Profit before tax | 9.62 | 12.60 | 2.91 | -6.76 | -12.13 | -5.59 | -5.36 | 0.55 | 3.61 | 1.63 | 5.20 | 6.83 |
Tax % | 26.20% | 29.29% | -1.37% | -11.69% | 12.53% | 7.69% | -13.99% | 14.55% | -14.40% | 38.65% | 17.69% | |
7.10 | 8.90 | 2.95 | -7.54 | -10.60 | -5.16 | -6.11 | 0.47 | 4.14 | 1.01 | 4.28 | 5.64 | |
EPS in Rs | 10.23 | 12.81 | 4.27 | -10.85 | -15.28 | -2.74 | -3.24 | 0.25 | 2.19 | 0.52 | 2.21 | 2.88 |
Dividend Payout % | 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: | 2% |
5 Years: | 16% |
3 Years: | 13% |
TTM: | 30% |
Compounded Profit Growth | |
---|---|
10 Years: | -7% |
5 Years: | 23% |
3 Years: | 109% |
TTM: | 59% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 46% |
1 Year: | 65% |
Return on Equity | |
---|---|
10 Years: | -3% |
5 Years: | 3% |
3 Years: | 12% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6.94 | 6.94 | 6.94 | 6.94 | 6.94 | 18.88 | 18.88 | 18.88 | 18.92 | 19.22 | 19.36 | 19.36 |
Reserves | 17.10 | 26.13 | 28.32 | 21.13 | 12.06 | 11.23 | 5.28 | 5.75 | 7.10 | 8.04 | 12.18 | 15.25 |
15.11 | 9.38 | 9.01 | 17.70 | 17.54 | 15.92 | 12.82 | 11.03 | 6.23 | 6.63 | 5.71 | 7.80 | |
17.75 | 18.78 | 18.93 | 16.76 | 23.16 | 27.44 | 26.38 | 21.58 | 25.73 | 26.43 | 32.85 | 31.34 | |
Total Liabilities | 56.90 | 61.23 | 63.20 | 62.53 | 59.70 | 73.47 | 63.36 | 57.24 | 57.98 | 60.32 | 70.10 | 73.75 |
20.34 | 27.46 | 21.82 | 17.44 | 20.09 | 18.80 | 32.57 | 26.61 | 21.64 | 17.18 | 13.92 | 14.81 | |
CWIP | 8.30 | 0.00 | 8.36 | 20.08 | 17.69 | 17.33 | 0.00 | 0.33 | 0.00 | 0.39 | 1.61 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
28.26 | 33.77 | 33.02 | 25.01 | 21.92 | 37.34 | 30.79 | 30.30 | 36.34 | 42.75 | 54.57 | 58.94 | |
Total Assets | 56.90 | 61.23 | 63.20 | 62.53 | 59.70 | 73.47 | 63.36 | 57.24 | 57.98 | 60.32 | 70.10 | 73.75 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
20.47 | 4.97 | 8.37 | 7.65 | 3.73 | -3.48 | 0.82 | 1.80 | 11.78 | -0.41 | 5.71 | |
-20.38 | -2.69 | -6.64 | -10.55 | -5.25 | -2.65 | -0.01 | -0.41 | -3.23 | -0.04 | -1.92 | |
7.74 | -7.54 | -3.64 | 6.51 | -4.37 | 11.15 | -3.72 | -3.07 | -4.42 | 0.27 | -1.69 | |
Net Cash Flow | 7.83 | -5.25 | -1.91 | 3.61 | -5.89 | 5.02 | -2.91 | -1.67 | 4.14 | -0.19 | 2.10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 56.27 | 85.13 | 75.41 | 64.50 | 103.41 | 139.42 | 108.61 | 125.10 | 84.50 | 93.23 | 123.24 |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 56.27 | 85.13 | 75.41 | 64.50 | 103.41 | 139.42 | 108.61 | 125.10 | 84.50 | 93.23 | 123.24 |
Working Capital Days | 4.50 | 63.70 | 67.28 | 43.64 | -49.70 | 0.31 | -12.72 | 57.76 | 36.92 | 77.44 | 89.60 |
ROCE % | 35.54% | 10.03% | -15.59% | -23.20% | -8.65% | -9.06% | 5.78% | 15.66% | 8.16% | 17.46% |
Documents
Announcements
- Closure of Trading Window 15h
- Announcement Under Regulation 30 - Implementation Of The 'IRIS Business Services Limited Employee Stock Option Scheme 2023' 17 Feb
- Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 17 Feb
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 16 Feb
- Shareholder Meeting / Postal Ballot-Outcome of EGM 16 Feb
Annual reports
Concalls
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Nov 2023Transcript PPT
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Jun 2023Transcript PPT
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Dec 2022TranscriptPPT
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Nov 2022Transcript PPT
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Jun 2022Transcript PPT
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Nov 2021TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Jun 2021Transcript PPT
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Dec 2020Transcript PPT
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Jul 2020Transcript PPT
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Nov 2019Transcript PPT
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May 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Oct 2017TranscriptNotesPPT
Business Overview:[1][2]
IRIS BSL is a RegTech SaaS company that helps enterprises, business registers, regulators, central banks, stock exchanges, BFSI, and other organizations meet their regulatory compliance requirements through technology-driven solutions like Artificial Intelligence, Machine Learning, and Robotic Process Automation.
Company specialises in solutions related to compliance, data and analytics, encompassing various aspects of the information supply chain and data reporting standards like XBRL and SDMX