MarketFriction

Iris Clothings Ltd

NSE IRISDOREME · Garments & Apparels
₹60.46 -1.77%
NSE close2026-10-01
52 week range26.35 - 68.00
Market cap₹1,195 Cr.
P/E68.0
Price band 20% Delivery 39.7%

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

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales32.1623.4842.1231.4341.2633.3840.2037.4044.3248.6760.4847.24
Expenses24.6318.0835.0425.5033.3327.3432.0932.1437.2942.6449.6839.19
Operating Profit7.535.407.085.937.936.048.115.267.036.0310.808.05
OPM %23.41%23.00%16.81%18.87%19.22%18.09%20.17%14.06%15.86%12.39%17.86%17.04%
Other Income0.030.020.020.040.130.020.120.030.020.030.230.05
Interest1.031.020.970.981.041.091.090.580.490.700.890.88
Depreciation1.481.611.591.711.791.791.011.081.101.201.271.84
Profit before tax5.052.794.543.285.233.186.133.635.464.168.875.38
Tax %27.52%28.67%23.13%26.22%26.58%25.16%26.75%27.55%24.54%27.40%27.40%25.46%
Net Profit3.661.993.492.423.842.374.482.634.123.016.434.01
EPS in Rs0.190.100.180.130.200.120.240.140.220.160.340.21
Mar 2013Mar 2014Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales182553626087110112120144188201
Expenses172144504770899294116159169
Operating Profit139111417211926282932
OPM %6%13%17%18%23%19%19%17%22%19%16%16%
Other Income000000000000
Interest022233234433
Depreciation012255656655
Profit before tax115769141116182224
Tax %30%30%30%29%29%26%25%26%26%26%27%
Net Profit11354710812131618
EPS in Rs0.050.060.290.270.210.340.530.430.640.690.850.93
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%17%19%32%
Compounded Profit Growth%20%25%32%
Stock Price CAGR%30%14%101%
Return on Equity%17%17%14%
Mar 2012Mar 2013Mar 2014Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.0233355161616161638
Reserves011724282332415366104
Borrowings01217222134273335445034
Other Liabilities05891216101217202428
Total Liabilities020294162827694109133157204
Fixed Assets076151434313127282733
CWIP0000100000007
Investments000000000000
Other Assets01423263747456382105130164
Total Assets020294162827694109133157204
Mar 2012Mar 2013Mar 2014Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0031591223-7
Cash from Investing Activity00-6-12-7-2-4-1-30-14
Cash from Financing Activity002112-74-11-321
Net Cash Flow00-0-0-00-0-0000
Free Cash Flow00-2-11-26-41-12-21
CFO/OP0%51%28%51%68%21%28%24%25%-5%
Mar 2012Mar 2013Mar 2014Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days69797357706279102110134140
Inventory Days201324151289445189213266392332244
Days Payable741638813120963689912210379
Cash Conversion Cycle195240136215306189224269380363305
Working Capital Days3974531384970106140160209
ROCE %12%14%22%15%18%22%16%20%18%16%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters70.94%70.94%70.94%70.94%70.94%70.94%61.17%61.17%61.17%61.17%61.17%58.79%
FIIs0.00%0.00%0.00%0.04%0.02%0.00%0.02%0.00%0.00%0.00%0.00%0.20%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.91%0.88%0.88%0.79%0.74%2.56%
Public29.06%29.06%29.06%29.02%29.04%29.06%37.90%37.95%37.95%38.03%38.09%38.45%
No. of Shareholders6,0687,1848,87711,30711,28111,38011,84212,10711,30610,76210,42710,349

Fundamentals

Market Cap₹ 1,195 Cr.
Current Price₹ 62.8
Stock P/E68.0
Book Value₹ 7.45
ROCE16.0 %
ROE14.4 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)32%
Compounded Profit Growth (TTM)32%
Standalone figures.
Valuation
Market capRs 1,151 Cr
Enterprise valueRs 1,184 Cr
P/E (TTM)65.49x
Price to book8.12x
Price to sales5.73x
EV / EBITDA36.72x
EV / EBIT44.13x
EV / sales5.90x
Earnings yield1.53%
P/E, 3-year average24.26x
P/B, 3-year average3.47x
P/E, 5-year average16.36x
P/B, 5-year average2.38x
Profitability
Operating margin (excl. other income)15.53%
Operating margin (incl. other income)15.62%
EBITDA margin16.06%
Pre-tax margin11.89%
Net profit margin8.75%
Net margin, latest quarter8.49%
ROE14.45%
ROCE16.05%
ROA8.97%
ROE, 3-year average17.05%
ROCE, 3-year average17.91%
ROA, 3-year average9.36%
ROE, 5-year average18.00%
ROCE, 5-year average18.35%
ROA, 5-year average9.64%
ROIC (approx.)11.23%
Tax rate26.78%
Other income / net worth0.13%
Growth
Sales growth (latest year)30.91%
Profit growth (latest year)23.40%
Sales CAGR, 3 years19.07%
Sales CAGR, 5 years16.74%
Profit CAGR, 3 years25.15%
Profit CAGR, 5 years19.91%
Sales growth QoQ-21.89%
Profit growth QoQ-37.64%
Sales growth YoY (latest quarter)26.31%
Profit growth YoY (latest quarter)52.47%
Per share
EPS (TTM)Rs 0.92
EPS (latest year)Rs 0.85
EPS (latest quarter)Rs 0.21
EPS, 3-year averageRs 1.32
EPS, 5-year averageRs 3.05
Book value per shareRs 7.45
Sales per shareRs 10.55
Cash flow per shareRs -0.35
Free cash flow per shareRs -1.10
Efficiency
Asset turnover0.92x
Fixed asset turnover5.72x
Inventory turnover1.62x
Inventory days225 days
Debtor days140 days
Debtors turnover2.61x
Creditor days79 days
Cash conversion cycle305 days
Working capital days209 days
Leverage
Total debtRs 34 Cr
Cash and bankRs 1 Cr
Net debtRs 33 Cr
Debt to equity0.24x
Net debt / EBITDA1.03x
Interest coverage9.06x
Current ratio (filing 2026-03-31)3.19x
Quick ratio (filing 2026-03-31)1.67x
Trade payables (filing 2026-03-31)Rs 25 Cr
Owners' fund to total sources69.45%
Debt to assets16.81%
Cash flow
Cash from Operating Activity (latest year)Rs -7 Cr
Cash from Investing Activity (latest year)Rs -14 Cr
Cash from Financing Activity (latest year)Rs 21 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -21 Cr
FCFE (approx.: FCF + change in debt)Rs -37 Cr
Cash from ops / profit, 5 years0.02x
Statement figures
Net sales (TTM)Rs 201 Cr
Net sales (latest year)Rs 188 Cr
Sales (latest quarter)Rs 47 Cr
Operating profit excl. other income (latest year)Rs 29 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 32 Cr
PBDT (TTM)Rs 29 Cr
Profit before tax (TTM)Rs 24 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 18 Cr
Net profit (latest year)Rs 16 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 123 Cr
Total expenditure (latest year)Rs 159 Cr
Total income (latest year)Rs 189 Cr
Share capitalRs 38 Cr
ReservesRs 104 Cr
Shareholders' fundsRs 142 Cr
Total assetsRs 204 Cr
Net blockRs 33 Cr
Capital work in progressRs 7 Cr
ReceivablesRs 72 Cr
InventoryRs 76 Cr
Other liabilitiesRs 28 Cr
Shares outstanding (crore)19.03
Ownership
Promoter holding58.79% (-2.38 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 65.5 is at the 77th percentile of its own 7.7-year range (median 52.7, low 15.9, high 106.3).
P/B 8.12 is at the 37th percentile (median 8.78).
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.
PeriodIRISDOREMENifty 50Difference
1 week-8.2%-2.8% -5.4 pts
1 month+4.5%-6.8% +11.3 pts
3 months+40.7%-7.6% +48.4 pts
6 months+99.7%+0.4% +99.3 pts
1 year+87.6%-9.9% +97.6 pts
2 years+65.6%-13.6% +79.1 pts
3 years+35.3%+14.2% +21.1 pts
5 years+233.3%+27.9% +205.4 pts

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was -6% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 11% of total assets 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 ₹47 Cr +26.3% vs Jun 2025. Net profit ₹4 Cr +52.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-07-04Bonus 1:10.5000
2025-03-13Rights 1:6 @ Premium Rs 33/-
2024-09-20Annual General Meeting
2023-09-11Annual General Meeting
2023-08-11Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2022-09-09Annual General Meeting
2021-09-17 Annual General Meeting
DateTypeWhat it says
2026-09-24Press ReleaseA press release dated September 24, 2026, titled "Iris Clothings Showcases Its Kidswear Brand "Doreme" at Saudi Fashion & Tex Expo, Expands Reach Acro...
2026-09-22Shareholder meetingVoting results.
2026-09-21UpdatesDetails of Directors seeking reappointment in Annual General Meeting held on 21st September, 2026.
2026-09-21Shareholder meetingProceedings of Annual General Meeting held on September 21, 2026
2026-09-21Concall / analyst meetSchedule of meet
2026-09-21Press ReleaseA press release dated September 21, 2026, titled "Iris Clothings Expands Doremes Digital Footprint Through Amazon Partnership".
2026-09-04Board meeting outcomeOutcome of Board Meeting held on September 04, 2026.
2026-08-28Shareholder meetingNotice of Annual General Meeting to be held on September 21, 2026
2026-08-25UpdatesReceipt of In-principle approval for issue of Equity Shares on Preferential basis under Regulation 28(1) of SEBI (LODR) Regulations, 2015.
2026-08-03Shareholder meetingVoting results.
2026-08-03Shareholder meetingProceedings of Extraordinary General Meeting held on August 03, 2026
2026-07-30Concall / analyst meetTranscript
2026-07-28Concall / analyst meetLink of Recording
2026-07-28Press ReleaseA press release dated July 28, 2026, titled "Iris Clothings Reports Stellar Performance with Robust 53% growth in Net Profit".
2026-07-27Investor PresentationInvestor Presentation
2026-07-27Board meeting outcomeOutcome of Board Meeting held on July 27, 2026.
2026-07-27Board meeting outcomeIris Clothings Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23CorrigendumCorrigendum to Notice of Extra Ordinary General Meeting to be held on August 03, 2026
2026-07-22Concall / analyst meetSchedule of meet
2026-07-15UpdatesShareholders Agreement.
2026-07-10UpdatesShare Purchase Agreement.
2026-07-10Shareholder meetingNotice of Extraordinary General Meeting to be held on August 03, 2026
2026-07-08Press ReleaseA press release dated July 08, 2026, titled "Iris Clothings to Acquire 51% Stake in Infinia, Expands into Indias Fast-Growing Athleisure Market".
2026-07-08Board meeting outcomeOutcome of Board Meeting held on July 08, 2026.
2026-07-08Board meeting outcomeOutcome of Board Meeting held on July 08, 2026.
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.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 monthsScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Iris Clothings Ltd?

Iris Clothings Ltd (IRISDOREME) has a market capitalisation of Rs 1,195 Cr. at the 2026-10-01 close.

What is the P/E ratio of Iris Clothings Ltd?

Iris Clothings Ltd trades at a P/E of 68.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Iris Clothings Ltd's latest quarterly results?

In the Jun 2026 quarter, Iris Clothings Ltd sales was Rs 47 Cr (+26.3% vs Jun 2025) and net profit was Rs 4 Cr.

What is the 52-week high and low of Iris Clothings Ltd?

The 52-week high is Rs 68.00 and the 52-week low is Rs 26.35.

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