IRIS Business Services Ltd

IRIS Business Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

IRIS Business Services Ltd

₹ 389 -0.83%
22 Nov - close price
irisbusiness.com BSE: 540735 NSE: IRIS
About

Incorporated in 2000, IRIS Business Services
Ltd offers Regtech solutions to regulators and enterprises[1]

Key Points

Business Overview:[1][2]
IRIS BSL is a RegTech SaaS company that helps enterprises, business registers, regulators, central banks, stock exchanges, BFSI, and other organizations meet their regulatory compliance requirements through technology-driven solutions like Artificial Intelligence, Machine Learning, and Robotic Process Automation.
Company specialises in solutions related to compliance, data and analytics, encompassing various aspects of the information supply chain and data reporting standards like XBRL and SDMX

Website BSE NSE - BE
  • Market Cap ₹ 778 Cr.
  • Current Price ₹ 389
  • High / Low ₹ 446 / 106
  • Stock P/E 59.4
  • Book Value ₹ 28.9
  • Dividend Yield 0.00 %
  • ROCE 26.8 %
  • ROE 24.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 27.9% CAGR over last 5 years

Cons

  • Stock is trading at 13.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
14.67 16.63 17.87 16.64 17.49 18.89 20.56 20.63 23.97 27.34 30.35 27.65 30.85
12.99 14.07 15.47 14.41 15.66 16.19 17.71 18.19 21.11 23.83 23.94 23.90 25.81
Operating Profit 1.68 2.56 2.40 2.23 1.83 2.70 2.85 2.44 2.86 3.51 6.41 3.75 5.04
OPM % 11.45% 15.39% 13.43% 13.40% 10.46% 14.29% 13.86% 11.83% 11.93% 12.84% 21.12% 13.56% 16.34%
0.13 0.22 0.22 0.11 0.22 0.46 0.54 0.10 0.20 0.10 0.25 0.53 0.69
Interest 0.24 0.23 0.38 0.25 0.24 0.25 0.29 0.24 0.26 0.29 0.36 0.18 0.22
Depreciation 1.20 1.23 1.30 1.27 1.13 1.15 1.16 1.14 1.15 1.24 0.98 0.47 0.53
Profit before tax 0.37 1.32 0.94 0.82 0.68 1.76 1.94 1.16 1.65 2.08 5.32 3.63 4.98
Tax % 0.00% 37.88% 13.83% 19.51% 17.65% 15.91% 18.56% 19.83% 16.97% 14.90% 11.28% 20.39% 21.89%
0.37 0.83 0.82 0.66 0.56 1.48 1.58 0.93 1.37 1.76 4.73 2.89 3.89
EPS in Rs 0.19 0.43 0.43 0.34 0.29 0.76 0.82 0.48 0.69 0.89 2.43 1.46 1.93
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
62 68 55 32 27 35 40 51 57 61 74 102 116
45 50 46 37 32 35 41 43 46 54 64 87 97
Operating Profit 18 18 8 -5 -5 0 -1 8 11 7 10 15 19
OPM % 28% 26% 15% -16% -19% 1% -2% 15% 20% 12% 13% 15% 16%
-2 1 2 5 -0 1 1 1 0 1 1 1 2
Interest 1 2 1 2 2 2 2 2 2 1 1 1 1
Depreciation 4 4 6 5 5 4 4 6 6 5 5 5 3
Profit before tax 10 13 3 -7 -12 -6 -5 1 4 2 5 10 16
Tax % 26% 29% -1% 12% -13% -8% 14% 15% -14% 39% 18% 14%
7 9 3 -8 -11 -5 -6 0 4 1 4 9 13
EPS in Rs 10.23 12.81 4.27 -10.85 -15.28 -2.74 -3.24 0.25 2.19 0.52 2.21 4.49 6.71
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 21%
3 Years: 21%
TTM: 38%
Compounded Profit Growth
10 Years: 0%
5 Years: 28%
3 Years: 28%
TTM: 147%
Stock Price CAGR
10 Years: %
5 Years: 76%
3 Years: 42%
1 Year: 177%
Return on Equity
10 Years: -3%
5 Years: 13%
3 Years: 15%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 7 7 7 7 7 19 19 19 19 19 19 19 20
Reserves 17 26 28 21 12 11 5 6 7 8 12 22 38
15 9 9 18 18 16 13 11 6 7 6 6 5
18 19 19 17 23 27 26 22 26 26 33 29 41
Total Liabilities 57 61 63 63 60 73 63 57 58 60 70 77 103
20 27 22 17 20 19 33 27 22 17 14 13 19
CWIP 8 0 8 20 18 17 0 0 0 0 2 3 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 9
28 34 33 25 22 37 31 30 36 43 55 61 75
Total Assets 57 61 63 63 60 73 63 57 58 60 70 77 103

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
20 5 8 8 4 -3 1 2 12 -0 6 12
-20 -3 -7 -11 -5 -3 -0 -0 -3 -0 -2 -3
8 -8 -4 7 -4 11 -4 -3 -4 0 -2 -1
Net Cash Flow 8 -5 -2 4 -6 5 -3 -2 4 -0 2 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 56 85 75 64 103 139 109 125 84 93 123 80
Inventory Days
Days Payable
Cash Conversion Cycle 56 85 75 64 103 139 109 125 84 93 123 80
Working Capital Days 4 64 67 44 -50 0 -13 58 37 77 90 72
ROCE % 36% 10% -16% -23% -9% -9% 6% 16% 8% 17% 27%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
38.10% 38.10% 38.10% 37.92% 37.92% 37.82% 37.30% 37.30% 37.23% 37.10% 37.10% 35.79%
0.00% 0.13% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.19% 0.15% 0.08% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.88%
61.90% 61.77% 61.84% 62.07% 62.07% 62.19% 62.70% 62.70% 62.59% 62.75% 62.82% 61.34%
No. of Shareholders 1,7773,3113,6343,8104,3174,4844,3085,4465,1306,3627,2576,948

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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