Iris Clothings Ltd

Iris Clothings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Iris Clothings Ltd

₹ 62.6 -5.69%
21 Nov 3:58 p.m.
Company website NSE: IRISDOREME
About

IRIS Clothings Limited, incorporated in 1956, is engaged in designing, manufacturing, branding and selling garments for kids. [1]Iris Clothings Limited is a fast-growing readymade garment company and is engaged in designing, manufacturing, branding and selling garments for kids wear under the brand name DOREME in India. It produces a broad range of unique apparels for infants, toddlers and junior boys and girls.

Key Points

Products
The company has a brand DOREME which offers a wide range of apparel for infants, toddlers, and junior boys and girls that suit both their indoor and outdoor requirements. These apparel include Tops, T-shirts, Trousers, Shorts, Dresses, Loungewear, Sweatshirts, Hoodies etc. The Company launches 90% new designs every year. [1]

Website NSE
  • Market Cap ₹ 511 Cr.
  • Current Price ₹ 62.6
  • High / Low ₹ 90.9 / 60.4
  • Stock P/E 43.5
  • Book Value ₹ 9.25
  • Dividend Yield 0.00 %
  • ROCE 19.8 %
  • ROE 19.4 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 19.3% CAGR over last 5 years

Cons

  • 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: Readymade Garments/ Apparells Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

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
34.35 25.04 32.74 23.29 31.76 20.35 37.59 24.16 32.16 23.48 42.12 31.43 41.26
27.63 19.84 27.56 19.06 25.03 17.17 32.33 17.82 24.63 18.08 35.04 25.50 33.33
Operating Profit 6.72 5.20 5.18 4.23 6.73 3.18 5.26 6.34 7.53 5.40 7.08 5.93 7.93
OPM % 19.56% 20.77% 15.82% 18.16% 21.19% 15.63% 13.99% 26.24% 23.41% 23.00% 16.81% 18.87% 19.22%
0.02 0.03 0.03 0.02 0.03 0.02 0.03 0.02 0.03 0.02 0.02 0.04 0.13
Interest 0.59 0.57 0.61 0.61 0.71 0.75 0.93 0.83 1.03 1.02 0.97 0.98 1.04
Depreciation 1.44 1.45 1.36 1.31 1.32 1.37 1.30 1.40 1.48 1.61 1.59 1.71 1.79
Profit before tax 4.71 3.21 3.24 2.33 4.73 1.08 3.06 4.13 5.05 2.79 4.54 3.28 5.23
Tax % 25.90% 25.86% 23.46% 25.32% 26.22% 26.85% 27.12% 25.42% 27.52% 28.67% 23.13% 26.22% 26.58%
3.49 2.38 2.48 1.75 3.49 0.79 2.23 3.08 3.66 1.99 3.49 2.42 3.84
EPS in Rs 0.43 0.29 0.30 0.21 0.43 0.10 0.27 0.38 0.45 0.24 0.43 0.30 0.47
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 8m Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 18 25 53 62 60 87 110 112 120 138
0 17 21 44 50 47 70 89 92 94 112
Operating Profit 0 1 3 9 11 14 17 21 19 26 26
OPM % 6% 13% 17% 18% 23% 19% 19% 17% 22% 19%
0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 2 2 2 3 3 2 3 4 4
Depreciation 0 0 1 2 2 5 5 6 5 6 7
Profit before tax 0 1 1 5 7 6 9 14 11 16 16
Tax % 30% 30% 30% 29% 29% 26% 25% 26% 26%
0 1 1 3 5 4 7 10 8 12 12
EPS in Rs 0.00 0.12 0.14 0.67 0.62 0.48 0.80 1.24 1.01 1.50 1.44
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 14%
3 Years: 11%
TTM: 21%
Compounded Profit Growth
10 Years: 33%
5 Years: 19%
3 Years: 23%
TTM: 20%
Stock Price CAGR
10 Years: %
5 Years: 57%
3 Years: 16%
1 Year: -23%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 19%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.02 3 3 3 5 5 16 16 16 16 16
Reserves 0 1 1 7 24 28 23 32 41 53 59
0 12 17 22 21 34 27 33 35 44 47
0 5 8 9 12 16 10 12 17 20 24
Total Liabilities 0 20 29 41 62 82 76 94 109 133 146
0 7 6 15 14 34 31 31 27 28 29
CWIP 0 0 0 0 10 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0
0 14 23 26 37 47 45 63 82 105 117
Total Assets 0 20 29 41 62 82 76 94 109 133 146

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 3 1 5 9 1 2 2
0 0 -6 -12 -7 -2 -4 -1 -3
0 0 2 11 2 -7 4 -1 1
Net Cash Flow 0 0 -0 -0 -0 0 -0 -0 0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 69 79 73 57 70 62 79 102 110
Inventory Days 201 324 151 289 445 189 213 266 392
Days Payable 74 163 88 131 209 63 68 99 122
Cash Conversion Cycle 195 240 136 215 306 189 224 269 380
Working Capital Days 108 149 107 127 162 135 156 202 247
ROCE % 12% 14% 22% 15% 18% 22% 16% 20%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.83% 70.40% 70.71% 70.71% 70.71% 70.92% 70.94% 70.94% 70.94% 70.94% 70.94% 70.94%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04%
32.18% 29.60% 29.29% 29.29% 29.29% 29.08% 29.06% 29.06% 29.06% 29.06% 29.06% 29.02%
No. of Shareholders 1,1451,3421,4991,6121,3461,2801,4553,3326,0687,1848,87711,307

* 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.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

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