Iris Regtech Solution Ltd
NSE: IRIS · Software Products · sector
₹204.08NSE close 2026-10-26
Key numbers
Market cap₹420 cr
Price₹204.08
52w high / low₹388 / ₹202
P/E3.4xSector median 16.9x
P/B2.1xSector median 1.8x
Book value₹97.6
Dividend yield–Sector median 2.02%
ROE90.7%Sector median 5.3%
ROCE8.0%Sector median 5.3%
OPM6.6%Sector median 8.7%
Debt / equity0.00xSector median 0.00x
EV/EBITDA35.4xSector median 15.0x
Interest cover21.7x
Current ratio3.52x
Sales growth 3y+20.4%Sector median +11.3%
Profit growth 3y+209.4%Sector median +16.1%
PEG0.02x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 47 companies in Software Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹105 cr vs borrowings ₹1 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹5 cr → ₹1 cr).
- Operating profit covered interest 21.7x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 8% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹204.08 on 2026-10-26: -47.4% from the 52-week high, +1.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹541.20 · low ₹204.08
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31 | 33 | 35 | 30 | 29 | 36 | 39 | 33 |
| EBITDA | 5 | 5 | 5 | 0 | 0 | 5 | 5 | -2 |
| OPM % | 16.3% | 15.8% | 14.5% | 0.0% | 0.5% | 14.3% | 13.7% | -5.1% |
| Other income | 1 | 0 | 1 | 1 | 3 | 3 | 2 | 2 |
| Net profit | 4 | 4 | 3 | 0 | 117 | 5 | 4 | -1 |
| EPS (₹) | 2.00 | 1.83 | 1.39 | 0.11 | 56.86 | 2.58 | 2.02 | -0.47 |
| Revenue YoY | -7.4% | +8.4% | +13.0% | +9.7% | ||||
| Profit YoY | +2,935.1% | +50.0% | +47.2% | -670.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 61 | 74 | 102 | 126 | 128 | 136 |
| EBITDA | 7 | 10 | 15 | 19 | 10 | 9 |
| Net profit | 1 | 4 | 0 | 13 | 126 | 125 |
| EPS (₹) | 0.52 | 2.22 | 4.49 | 6.55 | 61.54 | 60.99 |
| Revenue growth | +20.1% | +39.1% | +23.1% | +2.0% | +6.2% | |
| Profit growth | +327.0% | -98.4% | +18,514.3% | +870.8% | +1,107.2% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +20.4% | – | +6.1% |
| Net profit | +209.4% | – | +1,107.2% |
| EPS | +202.6% | – | – |
| Share price | – | -21.5% (2y) | -36.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 32 | 41 | 76 | 201 |
| Borrowings | – | 5 | 5 | 3 | 1 |
| Cash & equivalents | – | 9 | 16 | 56 | 105 |
| Total assets | – | 70 | 77 | 125 | 253 |
| Fixed assets | – | 10 | 11 | 10 | 1 |
| Capital work in progress | – | 0 | 0 | – | – |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 25 | 22 | 30 | 27 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 1 | 3 | 3 | 3 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -0 | 6 | 12 | 28 | 105 |
| Cash from investing | -0 | -2 | -3 | -27 | -119 |
| Cash from financing | 0 | -2 | -1 | 17 | -3 |
| Capex | 1 | 2 | 4 | 0 | 8 |
| Free cash flow | -2 | 3 | 8 | 28 | 97 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 13.5% | 0.2% | 17.2% | 63.0% |
| ROCE % | – | 16.8% | 24.5% | 24.4% | 8.8% |
| Debtor days | – | 123 | 80 | 86 | 78 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 6 | 10 | 9 | 9 |
| Cash conversion cycle (days) | – | 117 | 70 | 77 | 69 |
| Working capital days | – | 108 | 110 | 175 | 331 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 34.63% |
| FIIs | 1.74% |
| DIIs | 11.77% |
| of which Mutual funds | 0.00% |
| Public (non-institutions) | 51.86% |
| Quarter | Jan 2025 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 34.68% | 34.68% | 34.68% | 34.65% | 34.63% | 34.63% | 34.63% | 34.63% |
| Promoter group | % |
|---|---|
| Deepta Rangarajan | 28.77% |
| Balachandran Krishnan | 4.89% |
| Shyama Balachandran | 0.97% |
| Shanti Rangarajan | 0.00% |
| Bharath Rangarajan | 0.00% |
| Mala Ravi | 0.00% |
| Anuradha Rangarajan | 0.00% |
| Vijayalakshmi Krishnan Nambiar | 0.00% |
| Rajlaxmi Nambiar | 0.00% |
| Sharanya Balachandran | 0.00% |
| Nandakumar Nambiar | 0.00% |
| Jyotilaxmi Pandalai | 0.00% |
| Vinodakrishnan Nedungad | 0.00% |
| Nalini Kovilamma | 0.00% |
| IRIS Knowledge Foundation India | 0.00% |
| Public holders above 1% | % |
|---|---|
| Subhkam Ventures I Private Limited | 7.91% |
| Madhuri Madhusudan Kela . | 5.21% |
| Pratithi Growth Fund I-Lvf | 3.70% |
| Khazana Tradelinks Pvt Ltd | 3.60% |
| Catamaran Ventures Llp | 1.47% |
| Discovery Global Opportunity (Mauritius) Ltd | 1.30% |
| Iris Employee Wellness Llp | 1.21% |
| Kamalanand Nithianandan . | 1.16% |
| Valuable Infrastructure Pvt. Ltd. | 1.15% |
10,235 shareholders. Pledged: 0.00% of promoter shares.
Peers in Software Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| OFSS | ₹86,243 cr | 25.3x | 11.0x | 42.2% | 60.3% | 50.4% | +10.4% | 3.98% |
| TANLA | ₹7,530 cr | 14.1x | 3.0x | 22.4% | 27.0% | 16.5% | +9.6% | 2.13% |
| MAPMYINDIA | ₹4,530 cr | 32.9x | 5.0x | 16.3% | 22.3% | 35.7% | +19.0% | 0.42% |
| CAPILLARY | ₹4,433 cr | 80.4x | 4.3x | 5.1% | 5.3% | 16.0% | – | – |
| TECHNVISN | ₹2,302 cr | 200.6x | 153.4x | 19.2% | 20.1% | 2.8% | +167.4% | – |
| RAMCOSYS | ₹1,909 cr | 45.7x | 5.5x | 12.5% | 13.4% | 18.7% | +12.5% | – |
| NUCLEUS | ₹1,725 cr | 16.4x | 1.9x | 12.2% | 14.7% | 10.1% | +11.3% | 1.91% |
| BLUECLOUDS | ₹1,149 cr | 16.4x | 1.2x | 12.3% | 9.1% | 15.1% | +225.5% | – |
| SUBEXLTD | ₹969 cr | 31.9x | 2.8x | 9.2% | 12.3% | 11.9% | +0.0% | – |
| IRIS | ₹420 cr | 3.4x | 2.1x | 90.7% | 8.0% | 6.6% | +20.4% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| SupTech | ₹76 cr | 58.9% | ₹24 cr | 31.9% |
| RegTech | ₹47 cr | 36.5% | ₹9 cr | 18.7% |
| Others | ₹4 cr | 3.1% | ₹2 cr | 46.2% |
| DataTech | ₹2 cr | 1.5% | ₹-2 cr | -95.0% |
| Unallocated Income (Other income) | ₹0 cr | – | ₹10 cr | – |
| Unallocated Expenses (Not directly attributable) | ₹0 cr | – | ₹-23 cr | – |
| Exceptional Items | ₹0 cr | – | ₹136 cr | – |
| Profit / (Loss) from discountinued operations | ₹0 cr | – | ₹-1 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-08-07 | Other | Annual General Meeting |
| 2023-08-07 | Other | Annual General Meeting |
| 2022-08-17 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Other professional, technical and business services: Design and development services of software applications including customized and packaged software
| Sector | Information Technology |
| Industry | Software Products |
| Sub-industry | Software Products |
| Symbol | IRIS |
| BSE code | 540735 |
| ISIN | INE864K01010 |
| Face value | ₹10.0 |
| Incorporated | 2000-10-03 |
| Website | www.irisregtech.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.