IRIS RegTech Solutions Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • SupTech: 58.9% • RegTech: 36.5% • Others: 3.1%
AI Sector View
AI GENERATEDInformation Technology
IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.
PROS
- Company has delivered good profit growth of 27.9% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 23.9%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.94x)
- Company has delivered good sales growth of 17.6% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
CONS
- A large part of profit comes from other income (56.6% of PBT)
- Promoter holding has decreased over last 2 years: -2.5pp
- Working capital days have increased from 201 to 331 days
- Operating margins have contracted to 7.9% from 14.9%
- Though reporting repeated profits, the company pays out little dividend (0.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TCS | 2202.00 | 16.00 | 796702.87 | 5.00 | 13420.00 | 4.69 | 72275.00 | 13.93 | 66.25 | 25.67 |
| INFY | 1038.20 | 13.91 | 421325.69 | 4.62 | 7775.00 | 12.29 | 48211.00 | 14.03 | 42.84 | 23.66 |
| HCLTECH | 1207.00 | 18.80 | 327539.38 | 4.47 | 4626.00 | 20.34 | 34579.00 | 13.94 | 31.20 | 19.87 |
| WIPRO | 167.50 | 12.55 | 165902.38 | 6.57 | 3356.30 | 0.59 | 24478.60 | 10.59 | 18.49 | 18.93 |
| TECHM | 1539.50 | 29.38 | 150891.59 | 3.31 | 1486.30 | 31.67 | 15711.90 | 17.68 | 23.04 | 17.43 |
| LTM | 4301.15 | 24.39 | 127581.28 | 1.74 | 1468.60 | 17.06 | 11608.00 | 17.96 | 30.25 | 17.75 |
| OFSS | 11760.00 | 30.01 | 102409.76 | 3.40 | 1415.50 | 120.52 | 3125.20 | 68.73 | 45.50 | 60.04 |
| PERSISTENT | 5537.45 | 45.42 | 87353.27 | 0.72 | 483.04 | 13.67 | 4303.23 | 29.09 | 35.09 | 16.19 |
| COFORGE | 1847.40 | 46.58 | 81835.77 | 0.86 | 531.70 | 49.19 | 5527.70 | 49.86 | 24.70 | 19.14 |
| MPHASIS | 2294.10 | 22.92 | 43790.98 | 2.70 | 489.51 | 10.82 | 4384.05 | 17.46 | 23.31 | 18.15 |
| LTTS | 3334.95 | 26.80 | 35379.24 | 1.74 | 3571.00 | 1029.71 | 29401.00 | 1014.73 | 27.70 | 18.65 |
| IRIS | 245.00 | 4.02 | 503.92 | 0.00 | -0.97 | -533.48 | 32.75 | 9.69 | 12.63 | -5.08 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21 | 24 | 27 | 30 | 28 | 27 | 29 | 30 | 30 | 29 | 36 | 39 | 33 | |
| 18 | 21 | 24 | 24 | 24 | 22 | 24 | 24 | 30 | 28 | 31 | 34 | 36 | |
| Operating Profit | 2 | 3 | 4 | 6 | 4 | 5 | 5 | 6 | 0 | 0 | 5 | 5 | -3 |
| OPM % | 11.88% | 11.93% | 12.84% | 21.12% | 13.56% | 17.58% | 18.06% | 18.49% | 0.03% | 0.49% | 14.27% | 13.69% | -10.50% |
| 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 3 | 3 | 2 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before Tax | 1 | 2 | 2 | 5 | 4 | 5 | 5 | 6 | 0 | 2 | 7 | 7 | -1 |
| Tax % | 19.83% | 16.97% | 14.90% | 11.28% | 20.44% | 21.95% | 28.05% | 40.49% | 31.25% | 12.38% | 25.49% | 7.12% | -1.89% |
| Net Profit | 0 | 0 | 0 | 0 | 3 | 4 | 4 | 3 | 0 | 1,168 | 5 | 4 | -1 |
| 0.48 | 0.71 | 0.91 | 2.43 | 1.49 | 1.94 | 1.92 | 1.66 | 0.11 | 0.89 | 2.58 | 3.23 | -0.47 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 27 | 35 | 40 | 51 | 57 | 61 | 74 | 102 | 110 | 128 | 136 | |
| 33 | 35 | 41 | 43 | 46 | 54 | 64 | 87 | 91 | 118 | 129 | |
| Operating Profit | -5 | 0 | -1 | 8 | 11 | 7 | 10 | 15 | 19 | 10 | 7 |
| OPM % | -19.14% | 0.75% | -1.85% | 15.07% | 19.35% | 11.72% | 13.04% | 14.88% | 17.30% | 7.86% | 5.25% |
| -0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 10 | 10 | |
| Interest | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 5 | 4 | 4 | 6 | 6 | 5 | 5 | 5 | 2 | 2 | 3 |
| Profit before Tax | -12 | -6 | -5 | 1 | 4 | 2 | 5 | 10 | 19 | 17 | 15 |
| Tax % | 12.55% | 7.65% | -13.91% | 14.98% | -14.63% | 38.19% | 17.62% | 13.94% | 28.74% | 17.53% | 16.88% |
| Net Profit | -11 | -5 | -6 | 0 | 4 | 1 | 4 | 9 | 14 | 14 | 13 |
| EPS | -7.64 | 0.00 | 0.00 | 0.00 | 2.19 | 0.52 | 2.21 | 4.49 | 6.34 | 61.50 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 15%
- 5 Years:
- 18%
- 3 Years:
- 20%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 98%
- 3 Years:
- 209%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 35%
- 1 Year:
- -23%
RETURN ON EQUITY
- 10 Years:
- 1%
- 5 Years:
- 16%
- 3 Years:
- 20%
- Last Year:
- 10%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 21 | 21 |
| 12 | 11 | 5 | 5 | 7 | 8 | 12 | 20 | 53 | 176 | |
| 18 | 16 | 13 | 11 | 6 | 7 | 6 | 6 | 4 | 1 | |
| Trade Payables | 3 | 4 | 3 | 2 | 2 | 2 | 1 | 3 | 3 | 3 |
| 20 | 24 | 24 | 20 | 24 | 25 | 32 | 27 | 43 | 51 | |
| Total Liabilities | 60 | 73 | 63 | 57 | 58 | 60 | 70 | 76 | 124 | 252 |
| 20 | 19 | 33 | 27 | 22 | 17 | 14 | 13 | 17 | 19 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21 | 60 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22 | 30 | 27 | |
| Cash & Bank | 0 | 8 | 6 | 2 | 8 | 7 | 9 | 16 | 35 | 45 |
| 39 | 46 | 25 | 29 | 28 | 36 | 47 | 24 | 22 | 100 | |
| Total Assets | 60 | 73 | 63 | 57 | 58 | 60 | 70 | 76 | 124 | 252 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 | -2 | 2 | 4 | 13 | -1 | 7 | 12 | 27 | -22 | |
| Cash from Investing | -5 | -3 | -0 | -0 | -3 | -0 | -2 | -5 | -27 | -119 |
| Cash from Financing | -4 | 11 | -4 | -3 | -4 | 0 | -2 | -1 | 18 | -3 |
| -6 | 5 | -3 | -2 | 4 | -0 | 2 | 6 | 18 | -17 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-02 - IRIS RegTech Solutions Limited has informed the Exchange about Schedule of meet
2026-08-21 - IRIS RegTech Solutions Limited has informed the Exchange about Incorporation of Wholly Owned Subsidiary.
2026-08-19 - IRIS RegTech Solutions Limited has informed the Exchange about Schedule of meet.
2026-08-14 - IRIS RegTech Solutions Limited has submitted the Exchange a copy Srutinizers report of 26th Annual General Meeting held on August 14, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-14 - IRIS RegTech Solutions Limited has informed the Exchange about the proceedings Shareholders Meeting.
2026-08-11 - IRIS RegTech Solutions Limited has informed the Exchange about Credit Rating- New
2026-08-08 - IRIS RegTech Solutions Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-07 - IRIS RegTech Solutions Limited has informed the Exchange regarding a press release dated August 07, 2026, titled "IRIS RegTech Reports 33% YoY Topline Growth in Q1FY27; Continues Momentum Across RegTech and SupTech.".
2026-08-07 - IRIS RegTech Solutions Limited has informed the Exchange about grant of ESOPs to eligible employees.
News
Recent coverage and analyst commentary for IRIS
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IRIS RegTech Solutions Ltd.
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