As of 6 Nov 2026, Iris Clothings trades at 63.3× trailing earnings, above the industry P/E of 17.2×, and the shares are 14% below their 52-week high. Sales and net profit grew 19% and 25% a year over 3 years, with ROCE of 16% and ROE of 12%. Debt is 0.30× equity. It is a small-cap company with a market cap of ₹1,109 Cr, ranked 14th of 61 Apparel Manufacturing companies by market cap; the shares rose 82% over the past year.
- ₹59.32
- ₹59.32
- ₹57.25
- ₹59.32
- 69.6K
Health check
- ReturnsAhead
+82.3% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 63.3 vs industry 17.2.
- GrowthStrong
Sales +19.2%, profit +25.2% a year over 3 years.
- ProfitabilityAverage
ROCE 16.1% vs peer median 20.1%.
- Balance sheetSolid
Debt 0.30× equity, interest covered 9.5×.
- Red flags2 to check
P/E of 63.3 against an industry P/E of 17.2.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,109 Cr
- Small cap
- P/E
- 63.3
- Industry 17.2
- Price to book
- 5.99
- Peers 5.48
- Dividend yield
- 0.00%
- ROE
- 11.8%
- Peers 20.0%
- ROCE
- 16.1%
- Peers 20.1%
- Debt to equity
- 0.30
- Debt ₹55 Cr
- EPS (TTM)
- ₹0.92
- Face value ₹2
- OPM (TTM)
- 15.6%
- Net margin 8.5%
- Sales growth
- +26.3%
- Latest quarter vs a year ago
- Profit growth
- +52.6%
- Latest quarter vs a year ago
- Price to sales
- 5.07
- EV/EBITDA 36.0
Strengths and risks
Strengths
- Quarterly profit up 52.6% on a year ago.
- Quarterly sales up 26.3% on a year ago.
Risks to check
- P/E of 63.3 against an industry P/E of 17.2.
- Promoter stake down from 61.2% to 58.8%.
About Iris Clothings
Iris Clothings Limited engages in the designing, manufacturing, branding, and sale of readymade garments in India. It offers summer wear, winter wear, sportswear, and swimwear; tops, t-shirts, pyjamas, loungewear, trousers, shorts, dresses, polyfil suits, sweatshirts, hoodies, joggers, and dryfit apparel; and accessories, including bags and bottles for infants, toddlers, boys, girls, women, and men under the DOREME and Oxcgen brand names. The company…
- Headquarters
- Howrah
- Employees
- 1,760
- Sector
- Consumer Cyclical
- ISIN
- INE01GN01025
- Website
- irisclothings.in
Price range
- Avg volume (3M)
- 9.3 L
- 1-year return
- plus 82.3%
- From 52-week high
- minus 14.3%
Peers · Apparel Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAGEINDPage Industries | 35,930.00 | plus 1.15% | 40,076 | 53.0 | 26.67 | 61.5% | 52.5% | 21.4% | 3.8% | 10.2% | 2.23% | minus 11.5% |
| PGILPearl Global Industries | 1,338.80 | 0.00% | 12,368 | 39.9 | 8.46 | 20.1% | 21.2% | 9.0% | 17.5% | 23.0% | 0.54% | plus 105.8% |
| MANYAVARVedant Fashions | 472.80 | minus 6.51% | 11,488 | 29.8 | 5.48 | 22.3% | 20.0% | 44.0% | 1.9% | −4.3% | 1.64% | minus 21.6% |
| GOKEXGokaldas Exports | 682.95 | minus 7.32% | 5,004 | 37.8 | 2.32 | 8.9% | 4.7% | 8.2% | 20.9% | −16.7% | 0.00% | minus 14.5% |
| ABFRLAditya Birla Fashion and Retail | 39.02 | minus 6.61% | 4,748 | – | 0.91 | −3.2% | −12.3% | 8.9% | −13.0% | – | 0.00% | minus 50.3% |
| LUXINDLux Industries | 1,162.40 | plus 0.41% | 3,496 | 34.1 | 1.86 | 9.3% | 5.9% | 6.4% | 7.2% | −9.9% | 0.17% | minus 7.5% |
| SBCSBC Exports | 68.70 | plus 2.86% | 3,271 | 80.8 | 32.48 | 36.4% | 41.5% | 8.7% | 27.2% | 54.1% | 0.00% | plus 176.0% |
| IRISDOREMEIris Clothings | 58.27 | minus 1.77% | 1,109 | 63.3 | 5.99 | – | 11.8% | 15.6% | 19.2% | 25.2% | 0.00% | plus 82.3% |
| Median of 7 peers | – | 0.00% | 5,004 | 38.9 | 5.48 | 20.1% | 20.0% | 8.9% | 7.2% | 2.9% | 0.17% | −11.5% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 40.2 | 37.4 | 48.7 | 60.5 | 47.2 | |
| – | – | – | +50.4% | +26.3% | |
| 32.1 | 32.1 | 42.6 | 49.7 | 39.2 | |
| 8.1 | 5.3 | 6 | 10.8 | 8 | |
| 20.2% | 14.1% | 12.4% | 17.9% | 17.0% | |
| 0.1 | 0 | 0 | 0.2 | 0 | |
| 1.1 | 0.6 | 0.7 | 0.9 | 0.9 | |
| 1 | 1.1 | 1.2 | 1.3 | 1.8 | |
| 6.1 | 3.6 | 4.2 | 8.9 | 5.4 | |
| 26.8% | 27.6% | 27.5% | 27.5% | 25.5% | |
| 4.5 | 2.6 | 3 | 6.4 | 4 | |
| – | – | – | +43.5% | +52.6% | |
| 0.24 | 0.14 | 0.16 | 0.34 | 0.21 |
Profit & loss
- Sales CAGR 3Y
- +19.2%
- Profit CAGR 3Y
- +25.2%
- EPS CAGR 3Y
- +20.8%
- ROE
- 11.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 113 | 121 | 146 | 191 | |
| – | +7.5% | +20.7% | +30.7% | |
| 93.2 | 94.8 | 118 | 162 | |
| 19.3 | 26.3 | 27.8 | 29.1 | |
| 17.2% | 21.7% | 19.0% | 15.3% | |
| 0.1 | 0 | 0.4 | 0.3 | |
| 2.9 | 3.7 | 4.1 | 2.6 | |
| 5.3 | 6.1 | 6.3 | 4.7 | |
| 0 | – | 0 | 0 | |
| 11.2 | 16.5 | 17.8 | 22.1 | |
| 26.3% | 26.0% | 26.3% | 26.8% | |
| 8.3 | 12.2 | 13.1 | 16.2 | |
| – | +47.9% | +7.5% | +23.4% | |
| 0.48 | 0.72 | 0.76 | 0.85 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16.3 | 16.3 | 16.3 | 38.1 | |
| 40.6 | 52.8 | 66 | 104 | |
| 35.1 | 44.2 | 50.4 | 34.3 | |
| 17.3 | 19.9 | 24.2 | 28.1 | |
| 109 | 133 | 157 | 204 | |
| 26.9 | 27.8 | 26.8 | 39.8 | |
| – | 0.1 | – | 7 | |
| 1.1 | 1.2 | – | – | |
| 0 | 0 | 0.1 | 0.2 | |
| 81.3 | 104 | 130 | 157 | |
| 109 | 133 | 157 | 204 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.7 | 1.7 | 2.5 | −6.7 | |
| −1 | −2.7 | 0 | −14.5 | |
| −0.7 | 1 | −2.5 | 21.3 | |
| −0 | 0 | 0 | 0.1 | |
| −1 | −2.7 | −0.8 | −14.5 | |
| 0.6 | −1 | 1.7 | −21.2 |
Shareholding pattern
- Promoters58.79%
- Public41.21%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 58.79% | 41.21% | 0.00 | |
| 4 Sep 2026 | 58.79% | 41.21% | minus 2.38 | |
| 30 Jun 2026 | 61.17% | 38.83% | 0.00 | |
| 31 Mar 2026 | 61.17% | 38.83% | 0.00 | |
| 31 Dec 2025 | 61.17% | 38.83% | – |
Major shareholders
Filings & events
News
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