IRIS Business Services Ltd. (IN:IRIS)
:IRIS
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IRIS Business Services Ltd.
(IRIS)
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Rating:69Neutral
Price Target:
₹261.00
▼(-17.04% Downside)
Action:ReiteratedDate:03/31/26
The score is primarily supported by strong financial performance—solid growth, profitability, low leverage, and excellent cash flow—partly offset by weak technicals (price below key moving averages and negative MACD) and a relatively high P/E without a stated dividend yield.
Positive Factors
Revenue Growth
IRIS’s 22.33% revenue growth over 2024–2025 signals durable demand for its outsourced finance, compliance and back‑office solutions. Sustained top‑line expansion supports operational scale, broadens client relationships and underpins medium‑term reinvestment and margin improvement.
Negative Factors
Low EBITDA Margin
An EBITDA margin of 15.09% is a structural shortfall relative to its gross and EBIT margins, indicating limited operating cash profitability. Persistently low EBITDA can constrain reinvestment, weaken pricing or efficiency advantages, and reduce room for margin recovery absent structural cost or pricing changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
IRIS’s 22.33% revenue growth over 2024–2025 signals durable demand for its outsourced finance, compliance and back‑office solutions. Sustained top‑line expansion supports operational scale, broadens client relationships and underpins medium‑term reinvestment and margin improvement.
Read all positive factors
IRIS Business Services Ltd. (IRIS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.89B
Dividend YieldN/A
Average Volume (3M)5.86K
Price to Earnings (P/E)29.6
Beta (1Y)0.10
Revenue Growth8.35%
EPS Growth794.88%
CountryIN
Employees458
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)2.58
Shares Outstanding20,568,247
10 Day Avg. Volume2,067
30 Day Avg. Volume5,858
Financial Highlights & Ratios
PEG Ratio1.25
Price to Book (P/B)9.88
Price to Sales (P/S)5.94
P/FCF Ratio36.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 regul...
How the Company Makes Money
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IRIS Business Services Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
90
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 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
Neutral
314.60
Price Trends
251.25
Negative
279.69
Negative
308.02
Negative
Market Momentum
-4.07
Negative
49.62
Neutral
69.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IRIS, the sentiment is Neutral. The current price of 314.6 is above the 20-day moving average (MA) of 231.82, above the 50-day MA of 251.25, and above the 200-day MA of 308.02, indicating a neutral trend. The MACD of -4.07 indicates Negative momentum. The RSI at 49.62 is Neutral, neither overbought nor oversold. The STOCH value of 69.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:IRIS.
IRIS Business Services Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹3.96B | 17.18 | ― | 13.69% | 4.44% | 21.20% | |
69 Neutral | ₹4.89B | 29.57 | ― | ― | 8.35% | 794.88% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ₹3.36B | 4.73 | ― | ― | -1.07% | 187.83% | |
53 Neutral | ₹3.39B | -131.12 | ― | ― | ― | ― | |
47 Neutral | ₹4.80B | 42.34 | ― | ― | 15.85% | ― | |
38 Underperform | ₹4.03B | -11.22 | ― | ― | -22.96% | 28.55% |
* Technology Sector Average
IN:IRIS
IRIS Business Services Ltd.
237.90
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IRIS Business Services Ltd. Corporate Events
IRIS RegTech’s Brazilian Partner Wins Multi-Year ESG Reporting Mandate
Mar 23, 2026
IRIS RegTech Solutions has announced that its Brazilian strategic partner, MZ Consult, has secured a mandate from a leading oil and gas company in Brazil for disclosure management and ESG reporting solutions. The win follows a competitive RFP proc...
IRIS RegTech shareholders clear appointment of independent director via postal ballot
Jan 19, 2026
IRIS RegTech Solutions Limited has announced that shareholders have approved, via postal ballot and electronic voting, a special resolution appointing Madhavan Hariharan as an Independent Director of the company. The vote, conducted under the Comp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.