IRIS Business Services Ltd. (IRIS) AI Stock Analysis

• Market Cap: ₹5.83B
• Dividend Yield: N/A
• Average Volume (3M): 5.86K
• Price to Earnings (P/E): 4.7
• Beta (1Y): -0.14
• Revenue Growth: 8.35%
• EPS Growth: 794.88%
• Country: IN
• Employees: 458
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 56.87
• Shares Outstanding: 20,568,247
• 10 Day Avg. Volume: 2,067
• 30 Day Avg. Volume: 5,858
• PEG Ratio: 1.25
• Price to Book (P/B): 9.88
• Price to Sales (P/S): 5.94
• P/FCF Ratio: 36.25
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: ₹356.00 ▲(13.16% Upside)

IRIS Business Services Ltd. scores well due to its strong financial performance and attractive valuation. However, mixed technical indicators suggest caution in the short term. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion and stability.

Cash Flow Management

Excellent cash flow management enhances liquidity, allowing for reinvestment opportunities and debt repayment, securing financial health.

Low Financial Leverage

Low financial leverage reduces risk of financial distress, providing stability and flexibility in capital management for future growth.

Negative Factors

Earnings Per Share Decline

Declining EPS growth can signal challenges in profitability and shareholder value, potentially impacting investor confidence and stock performance.

Asset Growth Management

Limited asset growth may restrict expansion capabilities, necessitating strategic investments to enhance operational capacity and competitiveness.

EBITDA Margin

Lower EBITDA margin indicates potential inefficiencies in cost management, affecting profitability and operational performance sustainability.

IRIS Business Services Ltd. Business Overview & Revenue Model

Company Description

IRIS RegTech Solutions Ltd. is a holding company, which engages in the provision of software products and solutions for compliance, data, and analytics. It operates through the Collect, Create, and Consume. The Collect segment focuses on the regulatory platform. The Create segment includes the enterprise platform. The Consume segment refers to the data consumption platform and content services. The company was founded by Subramaniam Swaminathan, Krishnan Balachandran, and Deepta Rangarajan on October 3, 2000 and is headquartered in Navi Mumbai, India.

How the Company Makes Money

IRIS generates revenue through multiple streams, including subscription fees for its software products, consulting services, and support packages. The company charges clients for access to its regulatory compliance tools and platforms, particularly those related to financial reporting and data management. Additionally, IRIS earns revenue from bespoke consulting services aimed at helping clients navigate complex regulatory requirements. Significant partnerships with regulatory bodies and financial institutions also enhance its credibility and lead to new business opportunities, contributing to its overall earnings.

IRIS Business Services Ltd. Financial Statement Overview

Summary

IRIS Business Services Ltd. demonstrates strong financial health with significant revenue and profit growth, robust margins, low financial leverage, and exceptional cash flow management. The company has room for improvement in managing depreciation and asset growth.

Income Statement

IRIS Business Services Ltd. has shown strong revenue growth with a 22.33% increase from 2024 to 2025. The company's gross profit margin stands at 50.72% for 2025, indicating efficient cost management. Additionally, the net profit margin has improved to 10.34%, reflecting enhanced profitability. EBIT margin is also robust at 50.72%, pointing to effective operational performance. However, the EBITDA margin of 15.09% suggests there is room for improvement in managing depreciation and amortization expenses.

Balance Sheet

The company's balance sheet is relatively strong, with a debt-to-equity ratio of 0.06, indicating low financial leverage and reduced risk of financial distress. Return on equity is impressive at 17.22%, showcasing effective utilization of shareholders' funds. The equity ratio of 60.36% reflects a solid capital structure. However, the relatively low level of total assets might suggest limited growth potential unless further investments are made.

Cash Flow

IRIS Business Services Ltd. exhibits excellent cash flow management, with a free cash flow growth rate of 163.70% from 2024 to 2025. The operating cash flow to net income ratio of 2.13 indicates strong cash generation relative to net income. Furthermore, the free cash flow to net income ratio of 1.58 demonstrates the company's ability to generate free cash flow, surpassing net income and providing ample liquidity for reinvestment or debt repayment.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.28B	1.26B	1.02B	735.71M	612.72M	571.50M
Gross Profit	493.61M	549.72M	546.01M	233.41M	175.78M	168.08M
EBITDA	175.12M	190.01M	154.93M	109.29M	79.25M	115.98M
Net Income	103.83M	130.26M	86.94M	42.72M	9.98M	41.35M
Balance Sheet
Total Assets	0.00	1.25B	769.04M	700.98M	603.25M	568.60M
Cash, Cash Equivalents and Short-Term Investments	558.05M	558.05M	139.61M	111.89M	74.38M	84.81M
Total Debt	0.00	43.05M	65.21M	57.09M	66.22M	62.31M
Total Liabilities	-761.01M	492.70M	357.62M	384.65M	330.36M	293.73M
Stockholders Equity	761.01M	756.89M	409.56M	315.41M	272.62M	260.25M
Cash Flow
Free Cash Flow	0.00	206.27M	78.24M	32.37M	-15.67M	105.45M
Operating Cash Flow	0.00	277.79M	116.97M	57.09M	-4.12M	112.44M
Investing Cash Flow	0.00	-268.48M	-46.35M	-19.18M	-444.00K	-5.14M
Financing Cash Flow	0.00	174.69M	-12.55M	-16.89M	2.68M	-65.89M

IRIS Business Services Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 314.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IRIS, the sentiment is Negative. The current price of 314.6 is above the 20-day moving average (MA) of 299.88, below the 50-day MA of 315.72, and below the 200-day MA of 318.55, indicating a bearish trend. The MACD of -5.92 indicates Positive momentum. The RSI at 36.53 is Neutral, neither overbought nor oversold. The STOCH value of 24.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IRIS.

IRIS Business Services Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IRIS	71 Outperform	₹5.83B	4.71	―	―	8.35%	794.88%
CYBERTECH	71 Outperform	₹4.31B	12.14	―	13.69%	4.44%	21.20%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
INSPIRISYS	61 Neutral	₹3.30B	8.46	―	―	-1.07%	187.83%
TRACXN	52 Neutral	₹4.07B	-38.46	―	―	―	―
ONMOBILE	47 Neutral	₹6.07B	68.09	―	―	15.85%	―
HCL.INSYS	40 Underperform	₹4.46B	-23.29	―	―	-22.96%	28.55%

IRIS Business Services Ltd. Corporate Events

IRIS RegTech Announces Resignation of Senior HR Manager from Senior Management

IRIS RegTech Solutions Limited has announced the resignation of Senior Management Personnel and Senior Manager Human Resources, Ms. Nisha Rai, effective from the close of business on 31 December 2025. The company has attributed her departure to personal reasons and disclosed the change in line with its obligations under SEBI’s listing regulations, signalling a leadership transition within its human resources function but without indicating any broader strategic or operational shift at this time.

IRIS RegTech Seeks Shareholder Nod via E-Vote to Appoint Independent Director

IRIS RegTech Solutions Limited has initiated a postal ballot process, conducted exclusively through remote e-voting, to seek shareholder approval for the appointment of Mr. Madhavan Hariharan as an Independent Director of the company via a special resolution. The company has set out a detailed voting timetable running from 19 December 2025 to 17 January 2026, engaged National Securities Depository Limited to provide the e-voting facility, and is dispatching the notice electronically in line with SEBI Listing Regulations and recent Ministry of Corporate Affairs circulars, underscoring its adherence to evolving corporate governance norms and digital-first shareholder engagement practices.

IRIS RegTech Schedules Investor Meeting with KamayaKya Wealth Management

IRIS RegTech Solutions Limited has announced a scheduled meeting with KamayaKya Wealth Management Pvt Ltd, set to take place on December 9, 2025, in Navi Mumbai. This meeting is part of the company’s ongoing engagement with analysts and investors, ensuring transparency and maintaining relationships with key stakeholders, while ensuring no unpublished price-sensitive information is disclosed.

IRIS Business Services Releases Q2 FY-26 Earnings Call Transcript

IRIS Business Services Limited has released the transcript of its Q2 FY-26 earnings call, which was held on November 14, 2025. This disclosure is part of the company’s compliance with SEBI regulations, ensuring transparency and communication with investors and analysts. The availability of the transcript on the company’s website underscores its commitment to maintaining open channels of communication with stakeholders.

IRIS Business Services Reports Strong Q2FY26 Growth and Strategic Expansion

IRIS Business Services Ltd. reported an 18% sequential growth in total revenue for Q2FY26, with a significant 86% increase in EBITDA. The company has strengthened its balance sheet through the sale of its TaxTech business, enabling further investments in product innovation and sales expansion. The SupTech business saw a 13% YoY growth, and the company secured a contract with Qatar’s General Tax Authority, marking a milestone in its global expansion. IRIS is focusing on growing the Annual Recurring Revenue of its flagship product, IRIS Carbon, and expanding its partnerships in the RegTech space.

IRIS Business Services to Announce Q2 FY26 Results

IRIS Business Services Limited has announced that it will release its second quarter and half-year FY26 results on November 13, 2025. An earnings call for analysts and investors is scheduled for November 14, 2025, at 4:00 PM IST. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and future prospects, potentially impacting its market positioning and investor relations.

IRIS Business Services Partners with Board International for Enhanced Reporting Solutions

IRIS Business Services Limited has announced a partnership with Board International to integrate their IRIS CARBON® platform with Board’s Financial Consolidation and Close capabilities. This collaboration aims to provide a unified solution for managing financial, ESG, and compliance reporting, enhancing control and transparency across the reporting cycle. The partnership is expected to simplify the reporting process for enterprises, reduce manual efforts, and ensure data consistency, thereby improving operational efficiency and compliance readiness.