IRIS Business Services Ltd
Incorporated in 2000, IRIS Business Services
Ltd offers Regtech solutions to regulators and enterprises[1]
- Market Cap ₹ 648 Cr.
- Current Price ₹ 315
- High / Low ₹ 577 / 228
- Stock P/E 76.3
- Book Value ₹ 92.0
- 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
- 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.120 Cr.
- Promoter holding has decreased over last 3 years: -3.28%
* 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 | 121 | |
| 50 | 46 | 37 | 32 | 35 | 41 | 43 | 46 | 54 | 64 | 87 | 107 | 111 | |
| Operating Profit | 18 | 8 | -5 | -5 | 0 | -1 | 8 | 11 | 7 | 10 | 15 | 19 | 11 |
| OPM % | 26% | 15% | -16% | -19% | 1% | -2% | 15% | 20% | 12% | 13% | 15% | 15% | 9% |
| 1 | 2 | 5 | -0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 3 | 120 | |
| 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 | 128 |
| 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 | 124 | |
| 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 | 60.07 |
| 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: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 94% |
| 3 Years: | 135% |
| TTM: | -35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 54% |
| 3 Years: | 57% |
| 1 Year: | -27% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 21 | 21 |
| Reserves | 26 | 28 | 21 | 12 | 11 | 5 | 6 | 7 | 8 | 12 | 22 | 55 | 169 |
| 9 | 9 | 18 | 18 | 16 | 13 | 11 | 6 | 7 | 6 | 6 | 4 | 2 | |
| 19 | 19 | 17 | 23 | 27 | 26 | 22 | 26 | 26 | 33 | 29 | 45 | 59 | |
| Total Liabilities | 61 | 63 | 63 | 60 | 73 | 63 | 57 | 58 | 60 | 70 | 77 | 125 | 250 |
| 27 | 22 | 17 | 20 | 19 | 33 | 27 | 22 | 17 | 14 | 13 | 17 | 21 | |
| CWIP | 0 | 8 | 20 | 18 | 17 | 0 | 0 | 0 | 0 | 2 | 3 | 4 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21 | 39 |
| 34 | 33 | 25 | 22 | 37 | 31 | 30 | 36 | 43 | 55 | 61 | 83 | 190 | |
| Total Assets | 61 | 63 | 63 | 60 | 73 | 63 | 57 | 58 | 60 | 70 | 77 | 125 | 250 |
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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Update On The Company''s Website Address.
12h - Company renamed to IRIS RegTech Solutions; new website www.irisregtech.com and investor section live from December 1, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Nov - One-to-one in-person analyst meeting with Equimark LLP on December 3, 2025 in Navi Mumbai.
-
Announcement under Regulation 30 (LODR)-Change of Company Name
28 Nov - Name changed from IRIS Business Services Limited to IRIS RegTech Solutions Limited effective November 28, 2025.
-
Announcement under Regulation 30 (LODR)-Change in Management
27 Nov - Vinod Agarwala ceased as Chairman and Independent Director effective 26 November 2025 upon completion of second term.
-
Announcement under Regulation 30 (LODR)-Cessation
27 Nov - Vinod Agarwala ceased as Independent Director and Chairman effective 26 Nov 2025.
Annual reports
Concalls
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Nov 2025Transcript PPT
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May 2025Transcript PPT
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May 2025TranscriptPPT
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Nov 2024TranscriptNotesPPT
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Oct 2024Transcript PPT
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May 2024Transcript PPT
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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