Iris Clothings Ltd

Iris Clothings Ltd

₹ 76.1 2.53%
14 Jun - 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 621 Cr.
  • Current Price 76.1
  • High / Low 111 / 66.2
  • Stock P/E 50.8
  • Book Value 8.48
  • Dividend Yield 0.00 %
  • ROCE 19.8 %
  • ROE 19.4 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 19.3% CAGR over last 5 years

Cons

  • Stock is trading at 8.97 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
29.72 19.39 34.35 25.04 32.74 23.29 31.76 20.35 37.59 24.16 32.16 23.48 42.12
24.41 15.18 27.63 19.84 27.56 19.06 25.03 17.17 32.33 17.82 24.63 18.08 35.04
Operating Profit 5.31 4.21 6.72 5.20 5.18 4.23 6.73 3.18 5.26 6.34 7.53 5.40 7.08
OPM % 17.87% 21.71% 19.56% 20.77% 15.82% 18.16% 21.19% 15.63% 13.99% 26.24% 23.41% 23.00% 16.81%
0.02 0.18 0.02 0.03 0.03 0.02 0.03 0.02 0.03 0.02 0.03 0.02 0.02
Interest 0.57 0.62 0.59 0.57 0.61 0.61 0.71 0.75 0.93 0.83 1.03 1.02 0.97
Depreciation 1.35 1.35 1.44 1.45 1.36 1.31 1.32 1.37 1.30 1.40 1.48 1.61 1.59
Profit before tax 3.41 2.42 4.71 3.21 3.24 2.33 4.73 1.08 3.06 4.13 5.05 2.79 4.54
Tax % 38.71% 25.62% 25.90% 25.86% 23.46% 25.32% 26.22% 26.85% 27.12% 25.42% 27.52% 28.67% 23.13%
2.09 1.80 3.49 2.38 2.48 1.75 3.49 0.79 2.23 3.08 3.66 1.99 3.49
EPS in Rs 0.26 0.22 0.43 0.29 0.30 0.21 0.43 0.10 0.27 0.38 0.45 0.24 0.43
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 Mar 2024
-0 18 25 53 62 60 87 110 112 122
-0 17 21 44 50 47 70 89 92 96
Operating Profit -0 1 3 9 11 14 17 21 19 26
OPM % 6% 13% 17% 18% 23% 19% 19% 17% 22%
-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 16
Tax % 30% 30% 30% 29% 29% 26% 25% 26% 26%
-0 1 1 3 5 4 7 10 8 12
EPS in Rs -0.00 0.12 0.14 0.67 0.62 0.48 0.80 1.24 1.01 1.50
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 17%
5 Years: 15%
3 Years: 12%
TTM: 9%
Compounded Profit Growth
10 Years: 33%
5 Years: 19%
3 Years: 23%
TTM: 48%
Stock Price CAGR
10 Years: %
5 Years: 60%
3 Years: 48%
1 Year: -10%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 19%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 3 3 3 5 5 16 16 16 16
Reserves -0 1 1 7 24 28 23 32 41 53
-0 12 17 22 21 34 27 33 35 44
-0 5 8 9 12 16 10 12 17 20
Total Liabilities 0 20 29 41 62 82 76 94 109 133
-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 82 105
Total Assets 0 20 29 41 62 82 76 94 109 133

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 -0 3 1 5 9 1 2 2
-0 -0 -6 -12 -7 -2 -4 -2 -3
-0 -0 2 11 2 -7 4 -0 1
Net Cash Flow -0 -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 Mar 2024
Debtor Days 69 79 73 57 70 62 79 102 109
Inventory Days 201 324 151 289 445 189 213 266 392
Days Payable 74 163 88 131 209 63 68 99 122
Cash Conversion Cycle 195 240 136 215 306 189 224 269 378
Working Capital Days 108 149 107 127 162 135 156 202 244
ROCE % 12% 14% 22% 15% 18% 22% 16%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.59% 67.83% 67.83% 70.40% 70.71% 70.71% 70.71% 70.92% 70.94% 70.94% 70.94% 70.94%
32.41% 32.18% 32.18% 29.60% 29.29% 29.29% 29.29% 29.08% 29.06% 29.06% 29.06% 29.06%
No. of Shareholders 1,1008811,1451,3421,4991,6121,3461,2801,4553,3326,0687,184

Documents

Concalls