IRIS

IRIS RegTech Solutions Limited

RegTech and DataTech software across banking and financial services segments

Information Technology›Information Technology›IT - Software›Software Products

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Key metrics

Price as of 2026-10-16

Stock price
₹212.27
Market cap
437 Cr
Stock P/E
3.5
P/B
2.18
ROE (FY26)
63.0%
ROCE (FY26)
75.9%
Operating margin (FY26)
6.2%
Debt / equity (FY26)
0.0050
OCF / EBITDA (FY26)
1039.6%
OCF / EBITDA (3Y)
326.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

IRIS RegTech (formerly IRIS Business Services) sells software that regulators use to collect and supervise financial reports and that companies and banks use to prepare their regulatory and ESG disclosures.

Company snapshot

11thBy market cap

Ranked among 14 companies in Software Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 48.1% of revenue

SegmentRevenue shareRevenuePBTAssets
DataTech
0.5%
0.16 Cr-0.24 Cr0 Cr
Others
2.8%
0.92 Cr0.22 Cr0 Cr
RegTech
35.6%
12 Cr3 Cr0 Cr
SupTech
48.1%
16 Cr3 Cr0 Cr
TaxTech
13.0%
4 Cr-0.62 Cr0 Cr
Unallocated—0 Cr0.49 Cr0 Cr

What we see

Positives
  • ✓Net margin of 98.5% — the business keeps a healthy share of every rupee it earns.
4 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales24 Cr27 Cr30 Cr28 Cr31 Cr33 Cr35 Cr30 Cr29 Cr36 Cr39 Cr33 Cr
Operating expenses (approx.)21 Cr24 Cr24 Cr24 Cr26 Cr28 Cr30 Cr30 Cr28 Cr31 Cr34 Cr34 Cr
EBITDA3 Cr4 Cr6 Cr4 Cr5 Cr5 Cr5 Cr0.0089 Cr0.15 Cr5 Cr5 Cr-2 Cr
OPM %11.9%12.8%21.1%13.6%16.3%15.8%14.5%0.0%0.5%14.3%13.7%-5.1%
Other income0.20 Cr0.10 Cr0.25 Cr0.53 Cr0.69 Cr0.49 Cr0.83 Cr1 Cr3 Cr3 Cr2 Cr2 Cr
Interest0.26 Cr0.29 Cr0.36 Cr0.18 Cr0.22 Cr0.19 Cr0.20 Cr0.16 Cr0.08 Cr0.21 Cr0.11 Cr0.34 Cr
Depreciation1 Cr1 Cr0.98 Cr0.47 Cr0.53 Cr0.52 Cr0.68 Cr0.73 Cr0.51 Cr0.54 Cr0.54 Cr1 Cr
Profit before tax2 Cr2 Cr5 Cr4 Cr5 Cr5 Cr5 Cr0.32 Cr138 Cr7 Cr7 Cr-0.95 Cr
Tax %17.0%15.1%11.2%20.4%21.8%27.8%42.0%30.8%15.3%25.5%7.2%-1.8%
Net profit1 Cr2 Cr5 Cr3 Cr4 Cr4 Cr3 Cr0.22 Cr117 Cr5 Cr4 Cr-0.97 Cr
EPS (₹)₹0.71₹0.91₹2.43₹1.49₹2.00₹1.83₹1.39₹0.11₹56.86₹2.58₹2.02₹-0.47

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales27 Cr35 Cr40 Cr51 Cr56 Cr61 Cr74 Cr102 Cr126 Cr128 CrSign in free for the trailing twelve months
Operating expenses (approx.)33 Cr35 Cr41 Cr43 Cr46 Cr54 Cr64 Cr87 Cr107 Cr118 CrSign in free for the trailing twelve months
EBITDA-5 Cr0.26 Cr-0.74 Cr8 Cr10 Cr7 Cr10 Cr15 Cr19 Cr10 CrSign in free for the trailing twelve months
OPM %-19.1%0.8%-1.9%15.1%17.5%11.9%13.0%14.9%15.1%7.9%Sign in free for the trailing twelve months
Other income0.25 Cr0.64 Cr1 Cr0.58 Cr0.29 Cr0.65 Cr1 Cr0.66 Cr3 Cr10 CrSign in free for the trailing twelve months
Interest2 Cr2 Cr2 Cr2 Cr2 Cr1 Cr1 Cr1 Cr0.79 Cr0.56 CrSign in free for the trailing twelve months
Depreciation5 Cr4 Cr4 Cr6 Cr6 Cr5 Cr5 Cr5 Cr2 Cr2 CrSign in free for the trailing twelve months
Profit before tax-12 Cr-6 Cr-5 Cr0.54 Cr2 Cr2 Cr5 Cr10 Cr19 Cr153 CrSign in free for the trailing twelve months
Tax %12.6%7.6%-13.9%15.0%-24.1%38.2%17.6%13.9%28.6%17.0%Sign in free for the trailing twelve months
Net profit-11 Cr-5 Cr-6 Cr0.47 Cr3 Cr1 Cr4 Cr9 Cr13 Cr127 CrSign in free for the trailing twelve months
EPS (₹)₹-7.64₹-3.18₹-3.23₹0.25₹1.44₹0.52₹2.22₹4.49₹6.55₹61.54Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital7 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr21 Cr21 Cr
Reserves12 Cr11 Cr5 Cr6 Cr9 Cr8 Cr12 Cr22 Cr55 Cr180 Cr
Borrowings15 Cr14 Cr———6 Cr5 Cr5 Cr3 Cr1.00 Cr
Other liabilities25 Cr30 Cr39 Cr39 Cr29 Cr27 Cr33 Cr30 Cr46 Cr51 Cr
Total liabilities60 Cr73 Cr63 Cr63 Cr57 Cr60 Cr70 Cr77 Cr125 Cr253 Cr
Fixed assets (net)11 Cr10 Cr33 Cr27 Cr22 Cr10 Cr10 Cr11 Cr10 Cr1 Cr
CWIP—————0 Cr0 Cr0 Cr4 Cr5 Cr
Investments——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr21 Cr60 Cr
Loans & advances—————0.03 Cr0.01 Cr0.05 Cr0.04 Cr0.04 Cr
Trade receivables8 Cr13 Cr12 Cr17 Cr13 Cr16 Cr25 Cr22 Cr30 Cr27 Cr
Cash & bank0.30 Cr8 Cr6 Cr2 Cr8 Cr5 Cr7 Cr14 Cr30 Cr13 Cr
Other assets41 Cr42 Cr13 Cr17 Cr14 Cr30 Cr28 Cr30 Cr30 Cr146 Cr
Total assets60 Cr73 Cr63 Cr63 Cr57 Cr60 Cr70 Cr77 Cr125 Cr253 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity4 Cr-3 Cr0.82 Cr2 Cr11 Cr-0.41 Cr6 Cr12 Cr28 Cr105 Cr
Cash from investing-5 Cr-3 Cr-0.01 Cr-0.41 Cr-0.51 Cr-0.04 Cr-2 Cr-3 Cr-27 Cr-119 Cr
Cash from financing-4 Cr11 Cr-4 Cr-3 Cr-7 Cr0.27 Cr-2 Cr-1 Cr17 Cr-3 Cr
Net cash flow-6 Cr5 Cr-3 Cr-2 Cr4 Cr-0.19 Cr2 Cr7 Cr18 Cr-17 Cr
Free cash flow (OCF − Capex)-2 Cr-6 Cr0.30 Cr1 Cr11 Cr-2 Cr3 Cr8 Cr28 Cr97 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-29.3%-8.2%-15.5%8.5%14.1%8.0%16.8%24.4%24.3%75.9%
ROE %-55.8%-17.2%-25.3%1.9%9.9%3.7%13.5%21.1%17.1%63.0%
Debtor days1031391081258493123808578
Inventory days——00000000
Days payable4040———1261099
Cash conversion cycle63991081258481117707769
OCF / EBITDA %—n.m.—22.4%114.3%-5.7%59.5%76.8%146.2%1039.6%
OCF / EBITDA % (3 years)———-13.0%82.2%50.6%61.9%53.0%103.1%326.1%
Debt / equity0.800.450.00440.00450.00230.240.170.130.050.0050
Current ratio——0.951.121.381.491.662.072.433.52
Net debt / EBITDA—20.11—-0.22-0.860.25-0.14-0.56-1.42-1.22