IRIS RegTech Solutions Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • SupTech: 59.8% • RegTech: 35.4% • Others: 3.3%
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 28.5% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 23.0%
- Company has delivered good sales growth of 17.9% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.51x)
CONS
- A large part of profit comes from other income (47.1% of PBT)
- Promoter holding has decreased over last 2 years: -2.5pp
- Working capital days have increased from 208 to 336 days
- Operating margins have contracted to 7.9% from 15.1%
- 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19 | 23 | 26 | 29 | 26 | 26 | 28 | 28 | 28 | 27 | 34 | 38 | 31 | |
| 17 | 20 | 23 | 23 | 22 | 21 | 22 | 23 | 28 | 27 | 29 | 33 | 34 | |
| Operating Profit | 2 | 3 | 3 | 6 | 3 | 5 | 5 | 5 | -0 | 0 | 5 | 5 | -3 |
| OPM % | 11.95% | 11.75% | 12.83% | 21.49% | 13.37% | 18.05% | 18.89% | 19.08% | -0.82% | 0.33% | 14.43% | 13.98% | -10.42% |
| 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 6 | 3 | 2 | 3 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 |
| Profit before Tax | 1 | 1 | 2 | 5 | 3 | 5 | 5 | 6 | 0 | 6 | 7 | 7 | -0 |
| Tax % | 21.30% | 18.24% | 15.82% | 9.65% | 20.60% | 21.82% | 27.91% | 41.08% | 62.50% | 14.31% | 25.79% | 7.71% | -0.00% |
| Net Profit | 1 | 1 | 2 | 5 | 3 | 4 | 4 | 3 | 0 | 5 | 5 | 6 | -0 |
| 0.44 | 0.63 | 0.85 | 2.37 | 1.38 | 1.90 | 1.89 | 1.60 | 0.02 | 2.30 | 2.52 | 3.14 | -0.21 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 27 | 35 | 40 | 49 | 54 | 56 | 68 | 97 | 104 | 123 | 130 | |
| 32 | 34 | 40 | 40 | 42 | 49 | 59 | 82 | 86 | 113 | 123 | |
| Operating Profit | -5 | 1 | 0 | 9 | 12 | 7 | 9 | 14 | 19 | 10 | 7 |
| OPM % | -16.87% | 1.48% | 0.12% | 17.87% | 21.61% | 12.09% | 13.33% | 14.97% | 17.91% | 7.95% | 5.47% |
| -0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 13 | 14 | |
| Interest | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 5 | 4 | 4 | 6 | 6 | 5 | 5 | 4 | 2 | 2 | 3 |
| Profit before Tax | -12 | -5 | -5 | 2 | 4 | 1 | 5 | 10 | 19 | 20 | 19 |
| Tax % | 13.52% | 8.03% | -15.93% | 5.12% | -12.51% | 47.44% | 19.35% | 13.55% | 29.00% | 17.57% | 16.41% |
| Net Profit | -10 | -5 | -5 | 2 | 5 | 1 | 4 | 8 | 13 | 17 | 16 |
| EPS | -7.21 | 0.00 | 0.00 | 0.00 | 2.52 | 0.35 | 1.90 | 4.28 | 6.51 | 8.09 | — |
| 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:
- 14%
- 5 Years:
- 18%
- 3 Years:
- 22%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 91%
- 3 Years:
- 220%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 35%
- 1 Year:
- -23%
RETURN ON EQUITY
- 10 Years:
- 1%
- 5 Years:
- 14%
- 3 Years:
- 19%
- Last Year:
- 12%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 13 | 12 | 7 | 8 | 11 | 11 | 15 | 23 | 55 | 176 | |
| 18 | 16 | 13 | 11 | 6 | 7 | 6 | 6 | 4 | 1 | |
| Trade Payables | 3 | 4 | 3 | 2 | 1 | 2 | 1 | 2 | 3 | 3 |
| 20 | 24 | 23 | 19 | 22 | 21 | 28 | 24 | 39 | 47 | |
| Total Liabilities | 60 | 75 | 65 | 59 | 59 | 60 | 69 | 75 | 121 | 247 |
| 20 | 19 | 33 | 27 | 22 | 17 | 14 | 13 | 17 | 19 | |
| 1 | 1 | 2 | 3 | 3 | 3 | 3 | 3 | 24 | 63 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21 | 29 | 25 | |
| Cash & Bank | 0 | 8 | 6 | 1 | 7 | 5 | 6 | 11 | 26 | 35 |
| 39 | 47 | 25 | 28 | 27 | 34 | 47 | 28 | 26 | 105 | |
| Total Assets | 60 | 75 | 65 | 59 | 59 | 60 | 69 | 75 | 121 | 247 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4 | -2 | 2 | 4 | 11 | -2 | 5 | 10 | 25 | -23 | |
| Cash from Investing | -5 | -3 | -1 | -1 | -3 | 0 | -2 | -5 | -27 | -116 |
| Cash from Financing | -4 | 11 | -4 | -3 | -4 | 0 | -2 | -1 | 18 | -3 |
| -6 | 5 | -3 | -2 | 3 | -1 | 1 | 4 | 15 | -18 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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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