IRIS RegTech Solutions Limited IRIS NSETECH

Technology · Software - Application · India

https://www.irisbusiness.com

IRIS RegTech Solutions Limited, together with its subsidiaries, provides regulatory technology solutions in India, the Middle East, the Asia Pacific, Africa, the United States, Europe, and the United Kingdom. It operates through SupTech, RegTech, TaxTech, DataTech segments. The company offers IRIS iDEAL, a regulatory reporting solution for banks, credit institutions, and investment firms; IRIS CARBON, a SaaS platform to create comprehensive financial and non-financial reports in XBRL/iXBRL formats; IRIS GST Software, a filing solution with an ERP connector, reconciliation module, vendor management, and informative MIS and reports; and IRIS IRP, a connection solution for taxpayers. It also provides IRIS iFILE, an end-to-end electronic filing platform to collect, validate, and analyze any type of data from entities; IRIS E-Invoicing, an e-invoicing solution with integrated GST compliance and reconciliation; IRIS Zircon, that are APIs for GST, Eway bill, and e-invoicing for enterprises and partners; and IRI LMS, a DT and IDT litigation management tool to simplify GST audits and litigations for enterprises. In addition, the company offers IRIS iConnect, an XBRL analytics tool to evaluate and compare XBRL and iXBRL data using the familiar Microsoft Excel format; IRIS Credixo for banks and fintech to make credit analysis models; and IRIS Peridot, an app for GST counterparty verification. Further, it provides workflow-based e-filing software; tax technology solutions; taxonomy development and testing; and consulting and training services, as well as software licensing, subscription of software as a service, and application maintenance services. The company serves regulators, including central banks, business registries, capital market regulators, and stock exchanges, as well as corporates, banks, and mutual funds. The company was formerly known as IRIS Business Services Limited and changed its name to IRIS RegTech Solutions Limited in November 2025. IRIS RegTech Solutions Limited was incorporated in 2000 and is headquartered in Thane, India.

Market & Price

Market Cap

₹535.49 Cr

Current Price

₹260.35

High / Low (52W)

₹412.85 / ₹210.91

Beta

0.69

Valuation

Stock P/E

38.17

Industry PE

25.13

Forward P/E

PEG Ratio

Book Value

₹97.73

Price to Book

2.66

P/S

4.17

EV/EBITDA

41.41

Dividend Yield

Profitability & Returns

ROCE

8.58%

ROE

10.23%

ROA

2.65%

Profit Margin

98.44%

Op Margin

12.31%

EPS (Latest Qtr)

₹2.00

EPS (TTM)

₹6.82

Balance Sheet & Liquidity

Debt/Equity

0.82

Quick Ratio

2.88

Current Ratio

3.52

Debt

₹1.65 Cr

Total Assets

₹252.71 Cr

Current Assets

₹162.51 Cr

Working Capital

₹116.39 Cr

Ownership

Promoter Holding

53.55%

Chg in Prom Hold

FII / Inst Holding

8.99%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹431.11 Cr

Total Revenue (TTM)

₹128.50 Cr

EBITDA

₹10.41 Cr

Free Cash Flow

₹-9.47 L

Operating Cash Flow

₹105.07 Cr

Shares Outstanding

₹2.06 Cr

Gross Margin

47.18%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

20.43%

Profit 5Y

209.37%

Revenue (YoY)

13.00%

Earnings (YoY)

47.30%

PROS

Excellent profit margin of 98.4%.
Compounding revenue at 20.4% over 5 years.
Profit CAGR of 209.4% over 5 years.

CONS

Trading 36.9% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	IRIS IRIS RegTech Solutions Limited NSETECH	260.35	38.17	₹535.49 Cr	-	8.58%	10.23%	20.43%	209.37%
2	TCS Tata Consultancy Services Limited NIFTY50NSEAITECH	2,258.90	16.61	₹8.17 L Cr	5.49%	54.93%	48.40%	5.80%	5.30%
3	INFY Infosys Limited NIFTY50NSEAITECH	1,160.90	15.01	₹4.70 L Cr	4.31%	41.66%	31.44%	3.44%	3.58%
4	HCLTECH HCL Technologies Limited NIFTY50NSEAITECH	1,183.80	19.31	₹3.20 L Cr	8.11%	27.21%	23.36%	8.65%	3.87%
5	WIPRO Wipro Limited NIFTY50NSEAITECH	204.25	16.26	₹2.14 L Cr	8.32%	18.42%	15.49%	4.05%	2.44%
6	TECHM Tech Mahindra Limited NIFTY50NSEAITECH	1,483.90	27.40	₹1.31 L Cr	3.44%	20.60%	16.61%	2.16%	-0.14%
7	LTM LTM Limited NSETECH	4,061.60	24.04	₹1.20 L Cr	1.85%	25.39%	21.29%	8.43%	4.41%
8	LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH	1,523.90	61.35	₹1.03 L Cr	-	27.64%	24.72%	0.98%	-
9	WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH	3,140.80	27.70	₹90,345.53 Cr	0.13%	24.21%	31.57%	71.63%	191.18%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	29.74 Cr	29.86 Cr	28.56 Cr	35.59 Cr	39.15 Cr
Cost of Revenue	-	-	14.60 Cr	17.30 Cr	16.85 Cr	17.92 Cr	18.69 Cr
Gross Profit	-	-	15.14 Cr	12.56 Cr	11.71 Cr	17.67 Cr	20.46 Cr
Operating Expenses	-	-	10.09 Cr	13.28 Cr	12.07 Cr	13.13 Cr	15.64 Cr
Operating Income	-	-	5.05 Cr	-71.95 L	-35.76 L	4.54 Cr	4.82 Cr
EBITDA	-	-	6.32 Cr	1.21 Cr	2.69 Cr	7.88 Cr	7.81 Cr
Interest Expense	-	-	20.33 L	15.78 L	8.25 L	21.13 L	11.03 L
Pretax Income	-	-	5.67 Cr	32.39 L	2.10 Cr	7.13 Cr	7.16 Cr
Tax Provision	-	-	2.30 Cr	9.96 L	25.75 L	1.82 Cr	51.38 L
Net Income	-	-	2.82 Cr	17.50 L	116.85 Cr	5.31 Cr	4.15 Cr
Diluted EPS	-	-	1.38	0.11	56.87	2.56	2.00

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	73.57 Cr	102.30 Cr	109.68 Cr	128.50 Cr
Cost of Revenue	-	38.52 Cr	47.70 Cr	53.08 Cr	67.88 Cr
Gross Profit	-	35.05 Cr	54.60 Cr	56.59 Cr	60.62 Cr
Operating Expenses	-	29.89 Cr	43.38 Cr	39.16 Cr	52.60 Cr
Operating Income	-	5.16 Cr	11.22 Cr	17.43 Cr	8.03 Cr
EBITDA	-	10.60 Cr	15.49 Cr	22.15 Cr	20.12 Cr
Interest Expense	-	69.15 L	75.91 L	78.27 L	56.10 L
Pretax Income	-	5.20 Cr	10.21 Cr	19.17 Cr	17.17 Cr
Tax Provision	-	91.67 L	1.42 Cr	5.51 Cr	3.01 Cr
Net Income	-	4.27 Cr	8.69 Cr	13.03 Cr	126.49 Cr
Diluted EPS	-	2.21	4.46	6.43	60.95

Compounded Sales Growth

5 Years:	20.43%
1 Year:	13.00%

Compounded Profit Growth

5 Years:	209.37%
1 Year:	47.30%

Stock Price Performance

1 Year:	-3.65%
6 Months:	-18.82%
3 Months:	-2.82%
1 Month:	+10.16%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	70.10 Cr	76.90 Cr	125.37 Cr	252.71 Cr
Current Assets	-	54.47 Cr	59.68 Cr	102.38 Cr	162.51 Cr
Cash & Equivalents	-	6.26 Cr	12.07 Cr	30.47 Cr	13.32 Cr
Inventory	-	-	-	-	-
Receivables	-	24.84 Cr	22.32 Cr	29.56 Cr	27.49 Cr
Total Liabilities	-	38.47 Cr	35.76 Cr	49.27 Cr	51.98 Cr
Current Liabilities	-	32.74 Cr	28.83 Cr	42.08 Cr	46.12 Cr
Long Term Debt	0	0	0	0	-
Total Debt	-	5.79 Cr	6.52 Cr	4.33 Cr	1.65 Cr
Total Equity	-	31.54 Cr	40.96 Cr	75.69 Cr	200.71 Cr
Shares Outstanding	-	1.94 Cr	1.94 Cr	2.05 Cr	2.06 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	5.71 Cr	11.70 Cr	27.44 Cr	105.07 Cr
Investing Cash Flow	-	-1.92 Cr	-4.64 Cr	-26.93 Cr	-119.32 Cr
Financing Cash Flow	-	-1.69 Cr	-1.26 Cr	17.89 Cr	-2.90 Cr
Capital Expenditure	-	-2.47 Cr	-3.87 Cr	-7.15 Cr	-8.43 Cr
Free Cash Flow	-	3.24 Cr	7.82 Cr	20.29 Cr	96.63 Cr
Net Change in Cash	-	2.10 Cr	5.81 Cr	18.40 Cr	-17.15 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	47.6%	53.4%	51.6%	47.2%
Operating Margin %	-	7.0%	11.0%	15.9%	6.2%
Net Margin %	-	5.8%	8.5%	11.9%	98.4%
ROE %	-	13.5%	21.2%	17.2%	63.0%
ROCE %	-	13.8%	23.3%	20.9%	3.9%

Shareholding Pattern

Insiders

53.55%

Institutions

8.99%

Public Float

19.36%

Analyst View

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IRIS · Technology