IRIS RegTech Solutions (IRIS) had a P/E of 34.9× on 6 Nov 2026, above the industry P/E of 27.7×, and the shares are 45% below their 52-week high. Sales grew 20% a year over 3 years, with ROCE of 8.4% and ROE of 92%, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹443 Cr, ranked 35th of 74 Software (Application) companies by market cap; the shares fell 36% over the past year.
- ₹219.75
- ₹219.75
- ₹212.02
- ₹213.73
- 9.5K
Health check
- ReturnsBehind
−36.3% over a year, better than 1 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthSteady
Sales +20.4%, profit +209.3% a year over 3 years.
- ProfitabilityWeak
ROCE 8.4% vs peer median 12.6%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flags3 to check
Quarterly profit down 655.4% on a year ago.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹443 Cr
- Small cap
- P/E
- 34.9
- Industry 27.7
- Price to book
- 2.20
- Peers 8.24
- Dividend yield
- 0.00%
- ROE
- 91.5%
- Peers 15.3%
- ROCE
- 8.4%
- Peers 12.6%
- Debt to equity
- 0.01
- Debt ₹1.66 Cr
- EPS (TTM)
- ₹6.17
- Face value ₹10
- OPM (TTM)
- 6.6%
- Net margin 92.1%
- Sales growth
- +30.0%
- Latest quarter vs a year ago
- Profit growth
- −655.4%
- Latest quarter vs a year ago
- Price to sales
- 3.25
- EV/EBITDA 57.4
Strengths and risks
Strengths
- Return on equity of 91.5%.
- Practically debt-free.
- Quarterly sales up 30.0% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 655.4% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 45% below its 52-week high.
About IRIS RegTech Solutions
IRIS RegTech Solutions Limited, together with its subsidiaries, provides regulatory technology solutions in India and internationally. It operates through SupTech, RegTech, TaxTech, DataTech segments. The company offers IRIS iDEAL, a regulatory reporting solution for banks, credit institutions, and investment firms; IRIS CARBON, a SaaS platform to create comprehensive financial and non-financial reports in XBRL/iXBRL formats; IRIS GST Software, a filing…
- Headquarters
- Navi Mumbai
- Employees
- 487
- Sector
- Technology
- ISIN
- INE864K01010
- Website
- irisbusiness.com
Price range
- Avg volume (3M)
- 21.8K
- 1-year return
- minus 36.3%
- From 52-week high
- minus 44.6%
Peers · Software - Application
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TATAELXSITata Elxsi | 3,855.00 | minus 1.66% | 24,019 | 35.8 | 8.24 | 26.2% | 23.9% | 22.7% | 6.1% | −5.9% | 1.95% | minus 27.2% |
| URBANCOUrban Company | 158.12 | minus 0.25% | 23,446 | – | 12.14 | −7.2% | −21.5% | −22.9% | 34.7% | – | 0.00% | plus 6.5% |
| KFINTECHKfin Technologies | 915.80 | minus 1.14% | 15,835 | 45.6 | 9.75 | 18.9% | 22.6% | 38.1% | 22.5% | 20.6% | 1.31% | minus 13.4% |
| KPITTECHKPIT Technologies | 540.45 | plus 0.12% | 14,713 | 27.7 | 3.99 | 21.3% | 15.3% | 26.7% | 24.2% | 18.7% | 1.39% | minus 53.3% |
| BBOXBlack Box | 810.95 | minus 5.36% | 14,402 | 62.2 | 11.18 | 12.6% | 21.3% | 9.0% | 0.2% | 109.3% | 0.12% | plus 56.1% |
| AMAGIAmagi Media Labs | 568.25 | minus 0.04% | 12,293 | 119.9 | 6.74 | 5.0% | 6.3% | 3.9% | 30.3% | – | 0.00% | plus 63.2% |
| BLACKBUCKBLACKBUCK | 557.55 | plus 3.06% | 10,161 | 56.4 | 6.71 | 11.7% | 12.8% | 23.9% | 53.9% | – | 0.00% | minus 17.3% |
| IRISIRIS RegTech Solutions | 215.18 | plus 0.68% | 443 | 34.9 | 2.20 | 8.4% | 91.5% | 6.6% | 20.4% | 209.3% | 0.00% | minus 36.3% |
| Median of 7 peers | – | −0.25% | 14,713 | 51.0 | 8.24 | 12.6% | 15.3% | 22.7% | 24.2% | 19.7% | 0.12% | −13.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 25.2 | 28.6 | 35.6 | 39.2 | 32.8 | |
| 24.9 | 28.4 | 30.5 | 33.8 | 34.4 | |
| 0.2 | 0.1 | 5.1 | 5.4 | −1.7 | |
| 1.0% | 0.5% | 14.3% | 13.7% | −5.1% | |
| 1.2 | 2.5 | 2.8 | 2.4 | 2.5 | |
| 0.2 | 0.1 | 0.2 | 0.1 | 0.3 | |
| 0.5 | 0.5 | 0.5 | 0.5 | 1.4 | |
| 0.8 | 2.1 | 7.1 | 7.2 | −1 | |
| 53.3% | 12.3% | 25.5% | 7.2% | −1.8% | |
| 0.2 | 117 | 5.3 | 4.1 | −1 | |
| 0.11 | 56.87 | 2.56 | 2.00 | -0.47 |
Profit & loss
- Sales CAGR 3Y
- +20.4%
- Profit CAGR 3Y
- +209.3%
- EPS CAGR 3Y
- +45.6%
- ROE
- 91.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 73.6 | 102 | 110 | 129 | |
| – | +39.0% | +7.2% | +17.2% | |
| 63.7 | 86.6 | 91.7 | 117 | |
| 9.9 | 15.7 | 18 | 11.5 | |
| 13.4% | 15.4% | 16.4% | 8.9% | |
| 0.7 | −0.2 | 3.3 | 8.1 | |
| 0.7 | 0.8 | 0.4 | 0.2 | |
| 4.7 | 4.5 | 1.5 | 2.1 | |
| 0.1 | −0 | −0.2 | −0.2 | |
| 5.2 | 10.2 | 19.2 | 17.2 | |
| 17.6% | 13.9% | 28.7% | 17.5% | |
| 4.3 | 8.7 | 13 | 127 | |
| – | +103.5% | +49.9% | +870.8% | |
| 2.21 | 4.46 | 6.74 | 6.82 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 19.4 | 19.4 | 20.5 | 20.6 | |
| 12.2 | 21.6 | 55.2 | 180 | |
| 5.8 | 6.5 | 4.3 | 1.7 | |
| 32.8 | 29.4 | 45.4 | 50.3 | |
| 70.1 | 76.9 | 125 | 253 | |
| 10.1 | 11 | 10.2 | 9.9 | |
| 0 | 0 | 0.6 | 49.1 | |
| 8.8 | 14 | 53.1 | 103 | |
| 51.2 | 51.9 | 61.5 | 90.8 | |
| 70.1 | 76.9 | 125 | 253 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.7 | 11.7 | 27.4 | 105 | |
| −1.9 | −4.6 | −26.9 | −119 | |
| −1.7 | −1.3 | 17.9 | −2.9 | |
| 2.1 | 5.8 | 18.4 | −17.2 | |
| −2.5 | −3.9 | −7.2 | −8.4 | |
| 3.2 | 7.8 | 20.3 | 96.6 |
Shareholding pattern
- Promoters34.63%
- Public65.37%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 34.63% | 65.37% | 0.00 | |
| 30 Jun 2026 | 34.63% | 65.37% | 0.00 | |
| 31 Mar 2026 | 34.63% | 65.37% | 0.00 | |
| 31 Dec 2025 | 34.63% | 65.37% | minus 0.02 | |
| 30 Sep 2025 | 34.65% | 65.35% | – |
Major shareholders
Filings & events
News
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