MarketFriction

IRIS Regtech Solutions Ltd

NSE IRIS · BSE 540735 · Software Products
₹225.10 +0.77%
NSE close2026-10-01
52 week range203.00 - 388.10
Market cap₹473 Cr.
P/E36.9
Price band 20% Delivery 59.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales23.9727.3430.3527.6526.9132.8329.7425.1928.5635.5939.1532.75
Expenses21.1123.8323.9423.9022.1827.6324.2324.9428.4230.9933.8034.42
Operating Profit2.863.516.413.754.735.205.510.250.144.605.35-1.67
OPM %11.93%12.84%21.12%13.56%17.58%15.84%18.53%0.99%0.49%12.92%13.67%-5.10%
Other Income0.200.100.250.530.810.490.321.05117.553.28-0.042.49
Interest0.260.290.360.180.220.190.200.160.080.210.110.34
Depreciation1.151.240.980.470.370.520.450.500.510.540.541.44
Profit before tax1.652.085.323.634.954.985.180.64117.107.134.66-0.96
Tax %16.97%14.90%11.28%20.39%21.41%27.91%44.40%65.62%0.22%25.53%10.94%2.08%
Net Profit1.371.764.732.893.893.592.880.23116.855.314.15-0.97
EPS in Rs0.690.892.431.461.931.771.370.0956.842.582.02-0.47
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3227354051576174102110128136
Expenses37323541434654648791118128
Operating Profit-5-50-18117101519108
OPM %-16%-19%0.8%-1.9%15%20%12%13%15%17%8%6%
Other Income5-011101112122123
Interest222222111111
Depreciation554466555223
Profit before tax-7-12-6-514251019130128
Tax %12%-13%-8%14%15%-14%39%18%14%29%2%
Net Profit-8-11-5-60414913127125
EPS in Rs-10.85-15.28-2.74-3.240.252.190.522.214.496.3461.5060.97
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth15%18%20%19%
Compounded Profit Growth31%97%207%18%
Stock Price CAGR%17%31%-27%
Return on Equity32%52%62%90%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital777191919191919192121
Reserves282112115678122255180
Borrowings91818161311676642
Other Liabilities191723272622262633294550
Total Liabilities63636073635758607077125253
Fixed Assets221720193327221714131719
CWIP820181700002345
Investments00000000002160
Other Assets3325223731303643556183169
Total Assets63636073635758607077125253
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity884-31212-061227105
Cash from Investing Activity-7-11-5-3-0-0-3-0-2-5-27-119
Cash from Financing Activity-47-411-4-3-40-2-118-3
Net Cash Flow-24-65-3-24-02618-17
Free Cash Flow87-2-60111-2382097
CFO/OP124%-177%-60%-721%-251%48%111%-18%74%78%163%1,306%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days75641031391091258493123809878
Inventory Days
Days Payable
Cash Conversion Cycle75641031391091258493123809878
Working Capital Days6744-122-70-6716-23862521532
ROCE %10%-16%-23%-9%-9%6%16%8%17%27%30%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters37.30%37.23%37.10%37.10%35.79%35.63%34.68%34.68%34.65%34.63%34.63%34.63%
FIIs0.00%0.19%0.15%0.08%0.00%1.00%1.42%0.50%1.73%1.73%1.87%1.76%
DIIs0.00%0.00%0.00%0.00%2.88%2.72%11.08%11.08%12.79%12.90%13.06%12.08%
Public62.70%62.59%62.75%62.82%61.34%60.66%52.82%53.72%50.82%50.73%50.43%51.52%
No. of Shareholders5,4465,1306,3627,2576,9487,8939,4399,98910,91210,4699,96510,263

Fundamentals

Market Cap₹ 473 Cr.
Current Price₹ 230
Stock P/E36.9
Book Value₹ 97.6
ROCE10.6 %
ROE89.5 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)19%
Compounded Profit Growth (TTM)18%
Consolidated figures.
Valuation
Market capRs 463 Cr
Enterprise valueRs 419 Cr
P/E (TTM)3.69x
Price to book2.31x
Price to sales3.40x
EV / EBITDA3.18x
EV / EBIT3.26x
EV / sales3.08x
Price to cash flow4.41x
Earnings yield27.07%
P/E, 3-year average29.44x
P/B, 3-year average5.93x
P/E, 5-year average62.79x
P/B, 5-year average5.85x
Profitability
Operating margin (excl. other income)7.86%
Operating margin (incl. other income)102.87%
EBITDA margin96.80%
Pre-tax margin94.03%
Net profit margin92.13%
Net margin, latest quarter-2.96%
ROE91.53%
ROCE92.15%
ROA66.92%
ROE, 3-year average45.95%
ROCE, 3-year average49.89%
ROA, 3-year average30.54%
ROE, 5-year average31.22%
ROCE, 5-year average35.06%
ROA, 5-year average19.97%
ROIC (approx.)80.02%
Tax rate2.32%
Other income / net worth60.82%
Growth
Sales growth (latest year)17.16%
Profit growth (latest year)870.84%
Sales CAGR, 3 years20.43%
Sales CAGR, 5 years17.59%
Profit CAGR, 3 years209.42%
Profit CAGR, 5 years98.16%
Sales growth QoQ-16.35%
Profit growth QoQ-123.37%
Sales growth YoY (latest quarter)30.01%
Profit growth YoY (latest quarter)-638.89%
Per share
EPS (TTM)Rs 60.94
EPS (latest year)Rs 61.50
EPS (latest quarter)Rs -0.47
EPS, 3-year averageRs 24.11
EPS, 5-year averageRs 15.01
Book value per shareRs 97.59
Sales per shareRs 66.15
Cash flow per shareRs 51.08
Free cash flow per shareRs 47.16
Efficiency
Asset turnover0.51x
Fixed asset turnover6.65x
Debtor days78 days
Debtors turnover4.67x
Cash conversion cycle78 days
Working capital days32 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 45 Cr
Net debtRs -44 Cr
Debt to equity0.01x
Net debt / EBITDA-0.33x
Interest coverage173.88x
Owners' fund to total sources79.43%
Debt to assets0.66%
Cash flow
Cash from Operating Activity (latest year)Rs 105 Cr
Cash from Investing Activity (latest year)Rs -119 Cr
Cash from Financing Activity (latest year)Rs -3 Cr
Net Cash Flow (latest year)Rs -17 Cr
Free cash flow (latest year)Rs 97 Cr
FCFE (approx.: FCF + change in debt)Rs 94 Cr
Cash from ops / profit, 5 years0.97x
Sales to cash flow1.22x
Statement figures
Net sales (TTM)Rs 136 Cr
Net sales (latest year)Rs 128 Cr
Sales (latest quarter)Rs 33 Cr
Operating profit excl. other income (latest year)Rs 10 Cr
Operating profit (latest quarter)Rs -2 Cr
Other income (TTM)Rs 123 Cr
EBITDA (TTM)Rs 132 Cr
PBDT (TTM)Rs 131 Cr
Profit before tax (TTM)Rs 128 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 125 Cr
Net profit (latest year)Rs 126 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 5 Cr
Total expenditure (latest year)Rs 118 Cr
Total income (latest year)Rs 251 Cr
Share capitalRs 21 Cr
ReservesRs 180 Cr
Shareholders' fundsRs 201 Cr
Total assetsRs 253 Cr
Net blockRs 19 Cr
Capital work in progressRs 5 Cr
InvestmentsRs 60 Cr
ReceivablesRs 27 Cr
Other liabilitiesRs 50 Cr
Shares outstanding (crore)2.06
Ownership
Promoter holding34.63% (-0.05 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 3.7 is at the 3th percentile of its own 6.4-year range (median 63.4, low 3.5, high 394.7).
P/B 2.31 is at the 17th percentile (median 6.30).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodIRISNifty 50Difference
1 week-2.8%-2.8% -0.0 pts
1 month-10.0%-6.8% -3.2 pts
3 months-18.2%-7.6% -10.5 pts
6 months+6.7%+0.4% +6.3 pts
1 year-30.8%-9.9% -20.9 pts
2 years-27.0%-13.6% -13.5 pts
3 years+118.6%+14.2% +104.5 pts
5 years+102.8%+27.9% +74.9 pts

Red flags

F-score 5 of 8
lookProfit leans on other income Other income was 94% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹33 Cr +30.0% vs Jun 2025. Net loss ₹1 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-08-07Annual General Meeting
2023-08-07Annual General Meeting
2022-08-17Annual General Meeting
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of IRIS Regtech Solutions Ltd?

IRIS Regtech Solutions Ltd (IRIS) has a market capitalisation of Rs 473 Cr. at the 2026-10-01 close.

What is the P/E ratio of IRIS Regtech Solutions Ltd?

IRIS Regtech Solutions Ltd trades at a P/E of 36.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were IRIS Regtech Solutions Ltd's latest quarterly results?

In the Jun 2026 quarter, IRIS Regtech Solutions Ltd sales was Rs 33 Cr (+30.0% vs Jun 2025) with a net loss of Rs 1 Cr.

What is the 52-week high and low of IRIS Regtech Solutions Ltd?

The 52-week high is Rs 388.10 and the 52-week low is Rs 203.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03