IIRM Holdings India Ltd

₹ 108 -4.86%

23 Oct - 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.

Website BSE NSE

Market Cap ₹ 750 Cr.
Current Price ₹ 108
High / Low ₹ 152 / 68.0
Stock P/E 30.5
Book Value ₹ 23.0
Dividend Yield 0.00 %
ROCE 20.4 %
ROE 16.9 %
Face Value ₹ 5.00

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding has decreased over last quarter: -1.30%

* 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

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Detailed Comparison with:

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	Jun 2026
	177.83	65.73	47.92	50.32	55.49	67.96	59.31	60.87	64.01	73.50
	133.45	50.22	35.24	42.06	46.39	51.97	45.79	48.22	48.16	55.42
Operating Profit	44.38	15.51	12.68	8.26	9.10	15.99	13.52	12.65	15.85	18.08
OPM %	24.96%	23.60%	26.46%	16.41%	16.40%	23.53%	22.80%	20.78%	24.76%	24.60%
	2.17	0.09	0.24	0.13	-0.06	0.06	0.31	0.06	1.08	0.24
Interest	2.98	0.53	0.69	0.65	0.95	1.23	2.07	1.98	2.56	4.00
Depreciation	11.92	2.88	3.03	3.03	3.64	4.48	4.53	4.39	3.90	3.96
Profit before tax	31.65	12.19	9.20	4.71	4.45	10.34	7.23	6.34	10.47	10.36
Tax %	28.47%	25.68%	18.15%	35.03%	55.28%	26.11%	27.39%	25.71%	35.34%	24.42%
	22.64	9.06	7.53	3.06	1.97	7.64	5.25	4.71	6.77	7.83
EPS in Rs	3.32	1.33	1.11	0.45	0.29	1.12	0.77	0.69	0.99	1.15
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026	TTM
	178	219	252	258
	133	174	194	198
Operating Profit	44	46	58	60
OPM %	25%	21%	23%	23%
	2	0	2	2
Interest	3	3	8	11
Depreciation	12	13	17	17
Profit before tax	32	31	34	34
Tax %	28%	29%	29%
	23	22	24	25
EPS in Rs	3.32	3.17	3.58	3.60
Dividend Payout %	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	16%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	19%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	73%
1 Year:	41%

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	30
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-102%	41%	56%

Ratios

Consolidated / 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 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Gross Written Premium (GWP) - Total
INR Million

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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

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026	Oct 2026
	60.82%	60.82%	60.82%	60.82%	60.82%	60.82%	60.82%	57.89%	57.89%	57.89%	56.59%	56.59%
	0.66%	0.66%	0.66%	0.66%	0.66%	0.66%	0.66%	0.66%	0.66%	0.66%	2.99%	2.99%
	38.52%	38.52%	38.51%	38.52%	38.51%	38.52%	38.52%	41.45%	41.45%	41.44%	40.41%	40.41%
No. of Shareholders	393	406	655	1,191	1,211	1,290	1,410	1,532	1,528	1,637	1,769	1,759

	Mar 2016	Mar 2017	Mar 2018	Dec 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Oct 2026
	31.05%	31.05%	31.05%	31.05%	31.05%	31.05%	31.05%	46.92%	60.82%	60.82%	57.89%	56.59%
	7.02%	7.02%	7.02%	7.02%	7.02%	7.02%	7.02%	10.60%	0.66%	0.66%	0.66%	2.99%
	61.94%	61.94%	61.94%	61.94%	61.94%	61.94%	61.94%	42.48%	38.52%	38.51%	41.45%	40.41%
No. of Shareholders	928	928	928	928	928	928	929	875	393	1,211	1,528	1,759

* 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.

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Documents

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Aug 2026

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Aug 2025

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Dec 2024

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