IRIS Regtech Solutions Ltd

IRIS Regtech Solutions Ltd

₹ 262 1.41%
02 Jun - close price
About

Incorporated in 2000, IRIS Business Services
Ltd offers Regtech solutions to regulators and enterprises[1]

Key Points

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

  • Market Cap 535 Cr.
  • Current Price 262
  • High / Low 430 / 203
  • Stock P/E 38.9
  • Book Value 97.4
  • Dividend Yield 0.00 %
  • ROCE 12.1 %
  • ROE 9.91 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 23.7% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 34.6%
  • Earnings include an other income of Rs.117 Cr.
  • Promoter holding has decreased over last 3 years: -3.19%
  • Working capital days have increased from 115 days to 232 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
19.73 19.49 22.73 25.95 28.67 25.95 25.71 31.32 28.30 23.82 27.09 34.23 37.91
17.00 17.17 20.05 22.61 22.51 22.49 21.07 26.31 22.90 23.64 27.00 29.77 32.61
Operating Profit 2.73 2.32 2.68 3.34 6.16 3.46 4.64 5.01 5.40 0.18 0.09 4.46 5.30
OPM % 13.84% 11.90% 11.79% 12.87% 21.49% 13.33% 18.05% 16.00% 19.08% 0.76% 0.33% 13.03% 13.98%
0.42 0.10 0.20 0.10 0.23 0.51 0.67 0.45 0.21 0.91 112.41 3.25 -0.24
Interest 0.28 0.23 0.25 0.28 0.35 0.17 0.20 0.17 0.20 0.15 0.07 0.20 0.10
Depreciation 1.16 1.12 1.15 1.20 0.96 0.45 0.37 0.50 0.45 0.49 0.50 0.53 0.54
Profit before tax 1.71 1.07 1.48 1.96 5.08 3.35 4.74 4.79 4.96 0.45 111.93 6.98 4.42
Tax % 18.71% 21.50% 18.24% 15.82% 9.65% 20.60% 21.73% 27.97% 45.97% 93.33% 0.71% 25.79% 12.22%
1.40 0.84 1.21 1.64 4.60 2.66 3.71 3.45 2.68 0.03 111.13 5.18 3.88
EPS in Rs 0.72 0.43 0.62 0.85 2.38 1.37 1.86 1.73 1.30 0.01 54.06 2.52 1.89
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
54 32 27 35 40 49 54 56 68 97 120 123
45 36 32 34 40 40 42 49 59 82 101 113
Operating Profit 9 -4 -5 1 0 9 12 7 9 14 18 10
OPM % 16% -13% -17% 2% 0% 18% 22% 12% 13% 15% 15% 8%
2 5 -0 0 1 1 0 1 1 1 2 117
Interest 1 2 2 2 2 2 2 1 1 1 1 1
Depreciation 6 5 5 4 4 6 6 5 5 4 2 2
Profit before tax 3 -6 -12 -5 -5 2 4 1 5 10 18 124
Tax % -3% 12% -13% -8% 16% 5% -12% 47% 19% 14% 29% 3%
3 -7 -10 -5 -5 2 5 1 4 8 12 120
EPS in Rs 4.87 -9.67 -14.43 -2.59 -2.87 0.80 2.51 0.35 1.90 4.28 6.09 58.45
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 18%
3 Years: 22%
TTM: 3%
Compounded Profit Growth
10 Years: 14%
5 Years: 24%
3 Years: 55%
TTM: 10%
Stock Price CAGR
10 Years: %
5 Years: 21%
3 Years: 50%
1 Year: 2%
Return on Equity
10 Years: 6%
5 Years: 13%
3 Years: 14%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 7 7 7 19 19 19 19 19 19 19 21 21
Reserves 29 23 13 13 7 9 11 12 15 24 57 180
9 18 18 16 13 11 6 7 6 6 4 2
19 16 23 28 26 20 22 22 29 26 41 47
Total Liabilities 63 64 60 75 65 59 59 60 69 76 123 249
22 17 20 20 34 27 22 17 14 13 17 24
CWIP 8 20 18 17 0 0 0 0 2 3 4 0
Investments 1 1 1 -0 -0 3 3 3 3 3 24 63
32 25 21 38 30 29 34 39 51 58 78 162
Total Assets 63 64 60 75 65 59 59 60 69 76 123 249

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
10 9 4 -3 1 2 11 -1 4 10 25 101
-8 -12 -5 -3 -1 -1 -3 0 -2 -5 -27 -116
-4 7 -4 11 -4 -3 -4 0 -2 -1 18 -3
Net Cash Flow -2 4 -6 5 -3 -2 3 -1 1 4 15 -18
Free Cash Flow 9 9 -2 -6 1 2 10 -2 2 6 18 92
CFO/OP 134% -238% -99% -237% 4,940% 50% 95% -27% 58% 66% 156% 1,299%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 73 64 104 140 109 123 89 97 127 79 88 75
Inventory Days
Days Payable
Cash Conversion Cycle 73 64 104 140 109 123 89 97 127 79 88 75
Working Capital Days 34 -6 -121 -67 -64 22 16 61 89 76 38 232
ROCE % 11% -14% -21% -8% -7% 8% 16% 6% 14% 24% 28% 12%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Countries with Deployments
Count

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Number of Regulators Served
Count
Total Number of Employees
Count
Customer Retention Rate
Percentage
IRIS Peridot Downloads
Millions
Number of Banks & Financial Institutions served (iDEAL)
Count
RegTech (IRIS CARBON) Annual Recurring Revenue (ARR)
INR Lakhs
RegTech (IRIS iDEAL) Annual Recurring Revenue (ARR)
INR Lakhs
SupTech Annual Recurring Revenue (ARR)
INR Lakhs
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
37.30% 37.30% 37.23% 37.10% 37.10% 35.79% 35.63% 34.68% 34.68% 34.65% 34.63% 34.63%
0.00% 0.00% 0.19% 0.15% 0.08% 0.00% 1.00% 1.42% 0.50% 1.73% 1.73% 1.87%
0.00% 0.00% 0.00% 0.00% 0.00% 2.88% 2.72% 11.08% 11.08% 12.79% 12.90% 13.06%
62.70% 62.70% 62.59% 62.75% 62.82% 61.34% 60.66% 52.82% 53.72% 50.82% 50.73% 50.43%
No. of Shareholders 4,3085,4465,1306,3627,2576,9487,8939,4399,98910,91210,4699,965

* 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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