Iris Clothings Ltd.

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irisclothings.in / www.doreme.inBSE: -NSE: IRISDOREME

Market Cap₹ 1,217 Cr.

Current Price

High / Low₹ 65 / 26

Stock P/E69.3

Book Value₹ 7

Price to Book4.07

Dividend Yield0.00 %

ROCE17.6 %

ROE14.5 %

Face Value₹ 2

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ABOUT

AI Sector View

AI GENERATED

Textiles

Hold

This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.

Confidence

50%

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PROS

Latest quarter profit grew 52.5% YoY, showing strong momentum
Company has delivered good sales growth of 16.8% CAGR over last 5 years
Company comfortably covers its interest (9.3x coverage)
Company maintains a comfortable, low leverage position

CONS

Operating cash flow has been negative in recent years
Promoter holding has decreased over last 2 years: -9.8pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.06x)
Valuation is stretched - P/E of 69.3 is well above its own 5-year median (23.6)
Working capital days have increased from 160 to 209 days

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TextilesTextileTextile

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	PAGEIND	35350.00	52.17	39428.94	1.56	192.81	-3.98	1420.45	7.89	73.60	20.35
2.	KPRMILL	1109.40	41.56	37920.85	0.45	258.54	21.55	1935.52	14.77	20.16	19.37
3.	WELSPUNLIV	207.80	70.72	19631.96	0.05	162.61	82.09	2795.45	23.66	6.41	11.53
4.	VTL	567.35	19.38	16429.14	0.88	314.56	51.46	2703.08	13.31	8.91	18.11
5.	ARVIND	575.25	37.79	15649.14	0.78	57.77	5.61	2500.96	24.65	15.30	9.64
6.	MANYAVAR	582.75	35.14	14159.56	1.33	66.90	37.31	267.95	22.74	29.45	45.53
7.	PGIL	1190.75	35.45	11000.28	0.61	992.34	51.37	15282.61	24.46	22.42	10.72
8.	SWANCORP	296.30	41.54	9287.73	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
9.	ICIL	443.05	58.16	8774.80	0.34	63.22	67.28	1206.96	25.89	8.73	11.88
10.	GARFIBRES	797.15	37.06	7784.04	1.13	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	567.35	60.66	5956.69	0.00	426.47	—	2472.47	—	26.15	30.50
12.	IRISDOREME	61.47	69.27	1217.35	0.00	40.12	1425.48	472.37	1163.06	17.60	17.04

Detailed Comparison with:

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
	2	32	23	42	31	41	33	40	37	44	49	60	472
	2	25	18	35	26	33	27	32	32	37	43	50	419
Operating Profit	1	8	5	7	6	8	6	8	5	7	6	11	53
OPM %	26.20%	23.41%	22.96%	16.81%	18.87%	19.22%	18.09%	20.15%	14.09%	15.86%	12.39%	17.87%	11.30%
	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	0	1	1	1	1	1	1	1	1	0	1	1	9
Depreciation	0	1	2	2	2	2	2	1	1	1	1	1	18
Profit before Tax	0	5	3	5	3	5	3	6	4	5	4	9	54
Tax %	25.42%	27.52%	28.78%	23.13%	26.22%	26.58%	25.16%	26.80%	27.55%	24.54%	27.47%	27.51%	25.47%
Net Profit	0	4	2	3	2	4	2	4	3	4	3	6	40
	0.38	0.45	0.24	0.43	0.15	0.47	0.15	0.24	0.14	0.44	0.16	0.34	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
	47	53	62	61	88	112	113	122	146	191	201
	41	44	51	47	71	90	94	96	118	162	172
Operating Profit	5	9	11	14	17	21	19	26	28	29	29
OPM %	11.21%	16.59%	17.86%	22.44%	19.07%	19.08%	17.12%	21.57%	19.03%	15.26%	14.55%
	0	0	0	0	0	0	0	0	1	0	0
Interest	2	2	2	3	3	2	3	4	4	3	3
Depreciation	1	2	2	5	5	6	5	6	6	5	5
Profit before Tax	2	5	7	6	9	14	11	16	18	22	24
Tax %	33.94%	29.44%	28.61%	29.00%	25.89%	25.25%	26.29%	25.96%	26.34%	26.76%	26.36%
Net Profit	2	3	5	4	7	10	8	12	13	16	18
EPS	0.00	0.00	0.00	0.00	4.00	6.22	5.06	1.50	1.61	0.85	—
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:: 18%
5 Years:: 17%
3 Years:: 19%

COMPOUNDED PROFIT GROWTH

10 Years:: 38%
5 Years:: 20%
3 Years:: 25%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 30%
3 Years:: 21%
1 Year:: 94%

RETURN ON EQUITY

10 Years:: 22%
5 Years:: 18%
3 Years:: 17%
Last Year:: 14%

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	3	3	5	5	16	16	16	16	16	38
	4	7	24	28	23	32	41	53	66	104
	17	21	20	32	27	32	34	43	49	32
Trade Payables	7	6	11	14	8	11	17	19	22	25
	4	4	2	3	1	2	0	0	3	4
Total Liabilities	33	41	61	81	75	93	108	132	155	203
	11	15	14	34	31	31	27	28	27	33
Capital Work in Progress	1	0	10	0	0	0	0	0	0	7
	9	11	23	31	25	34	45	62	70	76
	0	0	0	0	0	0	0	36	53	72
Cash & Bank	1	2	2	2	2	1	1	2	1	1
	12	13	12	14	17	27	35	4	5	14
Total Assets	33	41	61	81	75	93	108	132	155	203

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
	8	5	3	7	11	4	6	2	3	-7
Cash from Investing	-8	-6	-12	-7	-2	-5	-2	-3	0	-14
Cash from Financing	1	2	11	2	-7	4	-0	1	-3	21
	0	-0	-0	-0	0	-0	-0	0	0	0

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

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.94	70.94	70.94	70.94	61.17	61.17	61.17	61.17	61.17
	0.00	0.04	0.02	0.00	0.02	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.91	0.88	0.88	0.79	0.74
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	29.06	29.02	29.04	29.06	37.90	37.95	37.95	38.03	38.09

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

Outcome of Board Meeting

2026-09-04 - Iris Clothings Limited has informed the Exchange regarding Outcome of Board Meeting held on September 04, 2026.

2026-08-29

Copy of Newspaper Publication

2026-08-29 - Iris Clothings Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-28

Shareholders meeting

2026-08-28 - Iris Clothings Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 21, 2026

2026-08-25

Updates

2026-08-25 - Iris Clothings Limited has informed the Exchange regarding 'Receipt of In-principle approval for issue of Equity Shares on Preferential basis under Regulation 28(1) of SEBI (LODR) Regulations, 2015'.

2026-08-03

Shareholders meeting

2026-08-03 - Iris Clothings Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on August 03, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-03

Shareholders meeting

2026-08-03 - Iris Clothings Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on August 03, 2026

2026-08-01

Copy of Newspaper Publication

2026-08-01 - Newspaper Publication of the Notice to Shareholders regarding updation of email id's for dispatch of Annual Report for the FY 2025-26.

2026-07-30

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-30 - Iris Clothings Limited has informed the Exchange about Transcript

2026-07-28

Copy of Newspaper Publication

2026-07-28 - Iris Clothings Limited has informed the Exchange about Copy of Newspaper Publication