Iris Clothings Ltd

Iris Clothings Ltd

₹ 80.2 0.63%
26 Feb - close price
About

IRIS Clothings Limited, incorporated in 1956, is engaged in designing, manufacturing, branding and selling garments for kids. [1]Iris Clothings Limited is a fast-growing readymade garment company and is engaged in designing, manufacturing, branding and selling garments for kids wear under the brand name DOREME in India. It produces a broad range of unique apparels for infants, toddlers and junior boys and girls.

Key Points

Products
The company has a brand DOREME which offers a wide range of apparel for infants, toddlers, and junior boys and girls that suit both their indoor and outdoor requirements. These apparel include Tops, T-shirts, Trousers, Shorts, Dresses, Loungewear, Sweatshirts, Hoodies etc. The Company launches 90% new designs every year. [1]

  • Market Cap 654 Cr.
  • Current Price 80.2
  • High / Low 111 / 60.0
  • Stock P/E 59.6
  • Book Value 7.82
  • Dividend Yield 0.00 %
  • ROCE 16.4 %
  • ROE 15.6 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 20.1% CAGR over last 5 years
  • Company's median sales growth is 16.5% of last 10 years

Cons

  • Stock is trading at 10.2 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 81.1 to 102 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.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
28.15 29.72 19.39 34.35 25.04 32.74 23.29 31.76 20.35 37.59 24.16 32.16 23.48
23.40 24.41 15.18 27.63 19.84 27.56 19.06 25.03 17.17 32.33 17.82 24.63 18.08
Operating Profit 4.75 5.31 4.21 6.72 5.20 5.18 4.23 6.73 3.18 5.26 6.34 7.53 5.40
OPM % 16.87% 17.87% 21.71% 19.56% 20.77% 15.82% 18.16% 21.19% 15.63% 13.99% 26.24% 23.41% 23.00%
0.02 0.02 0.18 0.02 0.03 0.03 0.02 0.03 0.02 0.03 0.02 0.03 0.02
Interest 0.69 0.57 0.62 0.59 0.57 0.61 0.61 0.71 0.75 0.93 0.83 1.03 1.02
Depreciation 1.34 1.35 1.35 1.44 1.45 1.36 1.31 1.32 1.37 1.30 1.40 1.48 1.61
Profit before tax 2.74 3.41 2.42 4.71 3.21 3.24 2.33 4.73 1.08 3.06 4.13 5.05 2.79
Tax % 27.37% 38.71% 25.62% 25.90% 25.86% 23.46% 25.32% 26.22% 26.85% 27.12% 25.42% 27.52% 28.67%
1.99 2.09 1.80 3.49 2.38 2.48 1.75 3.49 0.79 2.23 3.08 3.66 1.99
EPS in Rs 0.24 0.26 0.22 0.43 0.29 0.30 0.21 0.43 0.10 0.27 0.38 0.45 0.24
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
-0 18 25 53 62 60 87 110 112 117
-0 17 21 44 50 47 70 89 92 93
Operating Profit -0 1 3 9 11 14 17 21 19 25
OPM % 6% 13% 17% 18% 23% 19% 19% 17% 21%
-0 0 0 0 0 0 0 0 0 0
Interest -0 0 2 2 2 3 3 2 3 4
Depreciation -0 0 1 2 2 5 5 6 5 6
Profit before tax -0 1 1 5 7 6 9 14 11 15
Tax % 30% 30% 30% 29% 29% 26% 25% 26%
-0 1 1 3 5 4 7 10 8 11
EPS in Rs -0.00 0.12 0.14 0.67 0.62 0.48 0.80 1.24 1.01 1.34
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 20%
5 Years: 16%
3 Years: 23%
TTM: 9%
Compounded Profit Growth
10 Years: 31%
5 Years: 20%
3 Years: 28%
TTM: 29%
Stock Price CAGR
10 Years: %
5 Years: 60%
3 Years: 48%
1 Year: 31%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 19%
Last Year: 16%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 3 3 3 5 5 16 16 16 16
Reserves -0 1 1 7 24 28 23 32 41 47
-0 12 17 22 21 34 27 33 35 43
-0 5 8 9 12 16 10 12 17 21
Total Liabilities 0 20 29 41 62 82 76 94 109 127
-0 7 6 15 14 34 31 31 27 28
CWIP -0 0 -0 0 10 -0 -0 -0 -0 -0
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
0 14 23 26 37 47 45 63 82 99
Total Assets 0 20 29 41 62 82 76 94 109 127

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0 -0 3 1 5 9 1 2
-0 -0 -6 -12 -7 -2 -4 -2
-0 -0 2 11 2 -7 4 -0
Net Cash Flow -0 -0 -0 -0 -0 0 -0 -0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 69 79 73 57 70 62 79 102
Inventory Days 201 324 151 289 445 189 213 266
Days Payable 74 163 88 131 209 63 68 99
Cash Conversion Cycle 195 240 136 215 306 189 224 269
Working Capital Days 108 149 107 127 162 135 156 202
ROCE % 12% 14% 22% 15% 18% 22% 16%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
67.44% 67.59% 67.83% 67.83% 70.40% 70.71% 70.71% 70.71% 70.92% 70.94% 70.94% 70.94%
32.56% 32.41% 32.18% 32.18% 29.60% 29.29% 29.29% 29.29% 29.08% 29.06% 29.06% 29.06%
No. of Shareholders 1,0921,1008811,1451,3421,4991,6121,3461,2801,4553,3326,068

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