IRIS Business Services Ltd
Incorporated in 2000, IRIS Business Services
Ltd offers Regtech solutions to regulators and enterprises[1]
- Market Cap ₹ 664 Cr.
- Current Price ₹ 322
- High / Low ₹ 577 / 228
- Stock P/E 63.9
- Book Value ₹ 36.8
- Dividend Yield 0.00 %
- ROCE 30.2 %
- ROE 22.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 94.3% CAGR over last 5 years
- Company's working capital requirements have reduced from 42.4 days to 13.0 days
Cons
- Stock is trading at 8.75 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 34.7%
- Promoter holding has decreased over last 3 years: -3.42%
* 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
Information Technology Information Technology IT - Software Software Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
68 | 55 | 32 | 27 | 35 | 40 | 51 | 57 | 61 | 74 | 102 | 126 | 128 | |
50 | 46 | 37 | 32 | 35 | 41 | 43 | 46 | 54 | 64 | 87 | 107 | 113 | |
Operating Profit | 18 | 8 | -5 | -5 | 0 | -1 | 8 | 11 | 7 | 10 | 15 | 19 | 15 |
OPM % | 26% | 15% | -16% | -19% | 1% | -2% | 15% | 20% | 12% | 13% | 15% | 15% | 12% |
1 | 2 | 5 | -0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 3 | 3 | |
Interest | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 |
Depreciation | 4 | 6 | 5 | 5 | 4 | 4 | 6 | 6 | 5 | 5 | 5 | 2 | 2 |
Profit before tax | 13 | 3 | -7 | -12 | -6 | -5 | 1 | 4 | 2 | 5 | 10 | 19 | 15 |
Tax % | 29% | -1% | 12% | -13% | -8% | 14% | 15% | -14% | 39% | 18% | 14% | 29% | |
9 | 3 | -8 | -11 | -5 | -6 | 0 | 4 | 1 | 4 | 9 | 13 | 11 | |
EPS in Rs | 12.81 | 4.27 | -10.85 | -15.28 | -2.74 | -3.24 | 0.25 | 2.19 | 0.52 | 2.21 | 4.49 | 6.34 | 5.16 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 20% |
3 Years: | 27% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 94% |
3 Years: | 135% |
TTM: | -2% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 62% |
3 Years: | 60% |
1 Year: | -13% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | 18% |
3 Years: | 21% |
Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 7 | 7 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 21 |
Reserves | 26 | 28 | 21 | 12 | 11 | 5 | 6 | 7 | 8 | 12 | 22 | 55 |
9 | 9 | 18 | 18 | 16 | 13 | 11 | 6 | 7 | 6 | 6 | 4 | |
19 | 19 | 17 | 23 | 27 | 26 | 22 | 26 | 26 | 33 | 29 | 45 | |
Total Liabilities | 61 | 63 | 63 | 60 | 73 | 63 | 57 | 58 | 60 | 70 | 77 | 125 |
27 | 22 | 17 | 20 | 19 | 33 | 27 | 22 | 17 | 14 | 13 | 17 | |
CWIP | 0 | 8 | 20 | 18 | 17 | 0 | 0 | 0 | 0 | 2 | 3 | 4 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21 |
34 | 33 | 25 | 22 | 37 | 31 | 30 | 36 | 43 | 55 | 61 | 83 | |
Total Assets | 61 | 63 | 63 | 60 | 73 | 63 | 57 | 58 | 60 | 70 | 77 | 125 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5 | 8 | 8 | 4 | -3 | 1 | 2 | 12 | -0 | 6 | 12 | 28 | |
-3 | -7 | -11 | -5 | -3 | -0 | -0 | -3 | -0 | -2 | -5 | -27 | |
-8 | -4 | 7 | -4 | 11 | -4 | -3 | -4 | 0 | -2 | -1 | 17 | |
Net Cash Flow | -5 | -2 | 4 | -6 | 5 | -3 | -2 | 4 | -0 | 2 | 6 | 18 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 85 | 75 | 64 | 103 | 139 | 109 | 125 | 84 | 93 | 123 | 80 | 86 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 85 | 75 | 64 | 103 | 139 | 109 | 125 | 84 | 93 | 123 | 80 | 86 |
Working Capital Days | 64 | 67 | 44 | -122 | -70 | -67 | 16 | -2 | 38 | 62 | 52 | 13 |
ROCE % | 36% | 10% | -16% | -23% | -9% | -9% | 6% | 16% | 8% | 17% | 27% | 30% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1 Oct - IRIS awarded six-year XBRL SupTech contract by Qatar General Tax Authority; contract value confidential.
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Intimation On New Email Address Of RTA For Investors.
30 Sep - MUFG Intime introduced Investor.helpdesk@in.mpms.mufg.com as investor email, effective October 1, 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
29 Sep - Serveshresht Sawhney resigns as Senior VP Sales & Growth Head effective September 29, 2025.
-
Closure of Trading Window
26 Sep - Trading window closed Oct 1, 2025 until 48 hours after unaudited Q2/H1 results (Sept 30, 2025).
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Announcement under Regulation 30 (LODR)-Change of Company Name
26 Sep - Board approved name change to IRIS RegTech Solutions Limited from IRIS Business Services Limited on 26 Sep 2025.
Annual reports
Concalls
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May 2025Transcript PPT
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May 2025TranscriptPPT
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Nov 2024TranscriptNotesPPT
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Dec 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