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 37.8
  • Book Value 97.6
  • Dividend Yield 0.00 %
  • ROCE 12.6 %
  • ROE 10.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 27.9% 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.122 Cr.
  • Promoter holding has decreased over last 3 years: -3.19%
  • Working capital days have increased from 89.1 days to 202 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

Consolidated Figures in Rs. Crores / View Standalone

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
20.56 20.63 23.97 27.34 30.35 27.65 26.91 32.83 29.74 25.19 28.56 35.59 39.15
17.71 18.19 21.11 23.83 23.94 23.90 22.18 27.63 24.23 24.94 28.42 30.99 33.80
Operating Profit 2.85 2.44 2.86 3.51 6.41 3.75 4.73 5.20 5.51 0.25 0.14 4.60 5.35
OPM % 13.86% 11.83% 11.93% 12.84% 21.12% 13.56% 17.58% 15.84% 18.53% 0.99% 0.49% 12.92% 13.67%
0.54 0.10 0.20 0.10 0.25 0.53 0.81 0.49 0.32 1.05 117.55 3.28 -0.04
Interest 0.29 0.24 0.26 0.29 0.36 0.18 0.22 0.19 0.20 0.16 0.08 0.21 0.11
Depreciation 1.16 1.14 1.15 1.24 0.98 0.47 0.37 0.52 0.45 0.50 0.51 0.54 0.54
Profit before tax 1.94 1.16 1.65 2.08 5.32 3.63 4.95 4.98 5.18 0.64 117.10 7.13 4.66
Tax % 18.56% 19.83% 16.97% 14.90% 11.28% 20.39% 21.41% 27.91% 44.40% 65.62% 0.22% 25.53% 10.94%
1.58 0.93 1.37 1.76 4.73 2.89 3.89 3.59 2.88 0.23 116.85 5.31 4.15
EPS in Rs 0.82 0.48 0.69 0.89 2.43 1.46 1.93 1.77 1.37 0.09 56.84 2.58 2.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
55 32 27 35 40 51 57 61 74 102 126 128
46 37 32 35 41 43 46 54 64 87 107 118
Operating Profit 8 -5 -5 0 -1 8 11 7 10 15 19 10
OPM % 15% -16% -19% 1% -2% 15% 20% 12% 13% 15% 15% 8%
2 5 -0 1 1 1 0 1 1 1 3 122
Interest 1 2 2 2 2 2 2 1 1 1 1 1
Depreciation 6 5 5 4 4 6 6 5 5 5 2 2
Profit before tax 3 -7 -12 -6 -5 1 4 2 5 10 19 130
Tax % -1% 12% -13% -8% 14% 15% -14% 39% 18% 14% 29% 2%
3 -8 -11 -5 -6 0 4 1 4 9 13 127
EPS in Rs 4.27 -10.85 -15.28 -2.74 -3.24 0.25 2.19 0.52 2.21 4.49 6.34 61.50
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 15%
5 Years: 18%
3 Years: 20%
TTM: 2%
Compounded Profit Growth
10 Years: 13%
5 Years: 28%
3 Years: 49%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: 21%
3 Years: 50%
1 Year: 2%
Return on Equity
10 Years: 6%
5 Years: 14%
3 Years: 15%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 28 21 12 11 5 6 7 8 12 22 55 180
9 18 18 16 13 11 6 7 6 6 4 2
19 17 23 27 26 22 26 26 33 29 45 50
Total Liabilities 63 63 60 73 63 57 58 60 70 77 125 253
22 17 20 19 33 27 22 17 14 13 17 24
CWIP 8 20 18 17 0 0 0 0 2 3 4 0
Investments 0 0 0 0 0 0 0 0 0 0 21 60
33 25 22 37 31 30 36 43 55 61 83 169
Total Assets 63 63 60 73 63 57 58 60 70 77 125 253

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
8 8 4 -3 1 2 12 -0 6 12 28 105
-7 -11 -5 -3 -0 -0 -3 -0 -2 -5 -27 -119
-4 7 -4 11 -4 -3 -4 0 -2 -1 17 -3
Net Cash Flow -2 4 -6 5 -3 -2 4 -0 2 6 18 -17
Free Cash Flow 8 7 -2 -6 0 1 11 -2 3 8 21 97
CFO/OP 124% -177% -60% -721% -251% 48% 111% -18% 74% 78% 164% 1,304%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 75 64 103 139 109 125 84 93 123 80 86 78
Inventory Days
Days Payable
Cash Conversion Cycle 75 64 103 139 109 125 84 93 123 80 86 78
Working Capital Days 67 44 -122 -70 -67 16 -2 38 62 52 13 202
ROCE % 10% -16% -23% -9% -9% 6% 16% 8% 17% 27% 30% 13%

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)
% ・Standalone data

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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