Iris Clothings Ltd. (IN:IRISDOREME)
:IRISDOREME
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Iris Clothings Ltd.
(IRISDOREME)
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Rating:64Neutral
Price Target:
₹39.00
▲(9.12% Upside)
Action:Downgraded
Date:05/13/26
The score is primarily driven by strong top-line growth and improved balance-sheet leverage, but is meaningfully constrained by weak cash-flow quality (negative operating and free cash flow) and margin volatility. Technicals are supportive, while valuation is a headwind due to the high P/E and no dividend yield.
Positive Factors
Revenue Growth
Sustained, accelerating top-line growth (23% in 2026 vs. 20% in 2025 and 8% in 2024) indicates durable demand expansion and effective distribution or product adoption. This momentum supports operating leverage, funds reinvestment, and creates a platform for multi-quarter margin recovery and scale benefits.
Negative Factors
Weak Cash Conversion
A swing to negative operating cash flow and very large negative free cash flow in 2026 represents a durable weakness in cash conversion. Persistent cash burn limits the firm's ability to self-fund growth, raises dependence on external financing, and increases execution risk for investments or shareholder returns over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained, accelerating top-line growth (23% in 2026 vs. 20% in 2025 and 8% in 2024) indicates durable demand expansion and effective distribution or product adoption. This momentum supports operating leverage, funds reinvestment, and creates a platform for multi-quarter margin recovery and scale benefits.
Read all positive factors
Iris Clothings Ltd. (IRISDOREME) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.73B
Dividend YieldN/A
Average Volume (3M)314.34K
Price to Earnings (P/E)35.6
Beta (1Y)0.65
Revenue Growth30.49%
EPS Growth-36.24%
CountryIN
Employees1,459
SectorConsumer Defensive
Sector Strength42
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.78
Shares Outstanding190,331,470
10 Day Avg. Volume427,066
30 Day Avg. Volume314,338
Financial Highlights & Ratios
PEG Ratio7.21
Price to Book (P/B)4.07
Price to Sales (P/S)3.02
P/FCF Ratio-22.12
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)0.52
Revenue Forecast (FY)₹1.97B
Iris Clothings Ltd. Business Overview & Revenue Model
Company Description
Iris Clothings Limited engages in the design, manufacture, and sale of readymade garments in India. The company offers tops, T-shirts, shorts, trousers, loungewear/nightwear sets, dresses, and accessories for infants, toddlers, boys, girls, women,...
How the Company Makes Money
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Iris Clothings Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.55B | 1.91B | 1.46B | 1.22B | 1.13B | 1.10B |
| Gross Profit | 619.29M | 469.40M | 696.43M | 278.43M | 512.59M | 477.47M |
| EBITDA | 264.48M | 291.31M | 280.09M | 264.27M | 195.06M | 215.59M |
| Net Income | 136.04M | 161.92M | 131.22M | 122.12M | 82.59M | 101.47M |
Balance Sheet | ||||||
| Total Assets | 1.80B | 2.04B | 1.57B | 1.33B | 1.09B | 937.89M |
| Cash, Cash Equivalents and Short-Term Investments | 9.51M | 10.73M | 9.20M | 15.78M | 14.72M | 14.21M |
| Total Debt | 404.27M | 343.13M | 504.30M | 441.95M | 350.99M | 327.66M |
| Total Liabilities | 478.31M | 619.64M | 744.82M | 640.76M | 523.59M | 450.99M |
| Stockholders Equity | 1.32B | 1.42B | 822.84M | 691.62M | 569.50M | 486.91M |
Cash Flow | ||||||
| Free Cash Flow | -164.05M | -260.76M | 16.90M | -10.19M | -7.16M | -37.04M |
| Operating Cash Flow | -135.74M | -93.03M | 25.35M | 17.12M | 12.83M | 9.62M |
| Investing Cash Flow | -28.15M | -168.25M | 365.00K | -27.16M | -19.82M | -45.02M |
| Financing Cash Flow | 163.91M | 262.29M | -25.37M | 10.28M | 6.76M | 35.22M |
Iris Clothings Ltd. Technical Analysis
Neutral
35.74
Price Trends
33.25
Positive
33.69
Positive
33.21
Positive
Market Momentum
0.63
Positive
50.04
Neutral
34.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IRISDOREME, the sentiment is Neutral. The current price of 35.74 is below the 20-day moving average (MA) of 36.15, above the 50-day MA of 33.25, and above the 200-day MA of 33.21, indicating a neutral trend. The MACD of 0.63 indicates Positive momentum. The RSI at 50.04 is Neutral, neither overbought nor oversold. The STOCH value of 34.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:IRISDOREME.
Iris Clothings Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹6.73B | 35.62 | ― | ― | 30.49% | -36.24% | |
63 Neutral | ₹7.10B | 9.17 | ― | 0.45% | 24.57% | -10.48% | |
63 Neutral | ₹7.79B | 19.45 | ― | 0.78% | 33.77% | 14.17% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | ₹9.23B | 17.78 | ― | 0.70% | -8.30% | 8.99% | |
51 Neutral | ₹8.00B | 10.94 | ― | ― | -5.63% | ― | |
50 Neutral | ₹6.10B | -4.59 | ― | ― | -3.78% | -26.19% |
* Consumer Defensive Sector Average
IN:IRISDOREME
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35.75
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20.49%
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Iris Clothings Ltd. Corporate Events
Iris Clothings Sets Q4 and FY26 Earnings Call for May 12
May 5, 2026
Iris Clothings Ltd. has scheduled its Q4 and FY26 earnings conference call for May 12, 2026, at 11:00 a.m. IST, inviting investors and analysts to dial in via domestic and international numbers. The call will feature Managing Director Santosh Ladh...
Iris Clothings Files SEBI Compliance Certificate, Reports No Demat Activity in Quarter
Apr 15, 2026
Iris Clothings Ltd. has submitted to the National Stock Exchange a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 March 2026. The filing underscores the company&...
Iris Clothings Schedules Investor Meetings at Bharat Charm Atone Risi Conference
Feb 28, 2026
Iris Clothings Ltd. has informed the stock exchange that its officials will participate in the Bharat Charm Atone Risi conference on March 9, 2026, engaging in one-on-one and group virtual meetings with analysts and institutional investors. The co...
Iris Clothings Launches D2C Platform to Power Omnichannel Growth
Feb 20, 2026
Iris Clothings Limited has launched a dedicated direct-to-consumer digital platform as it transitions toward a comprehensive omnichannel model for its IRIS Doreme kidswear brand. The move builds on its distributor network and exclusive brand outle...
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.