IRISInformation Technology

IRIS RegTech Solutions Limited

Software Products · ISIN INE864K01010 · BSE 540735 · NSE EQ · FV ₹10
Last price
₹237
+0.98%today
What this company does

IRIS RegTech Solutions Limited operates in Software Products, part of the Information Technology sector. It booked ₹33 cr of revenue in its latest quarter (Q1 FY27) and kept -3.0% of sales as profit.

In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Information Technology, on all six measures of filed financials. Each measure is ranked against the 67–123 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns10

How much profit it earns on the money it employs

Balance sheet57

How much it owes, and whether earnings cover the interest

Cash quality59

Whether reported profit actually arrives as cash

Growth & consistency88

Whether sales and profit have grown, and how steadily

Valuation57

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 10% vs last year
No promoter shares pledged
Virtually debt-free
Watch-outs
! Currently loss-making
! Thin -3.0% net margin
! Low -1.9% return on equity

What if I invest in IRIS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹237 +0.98%
latest close · 2026-09-17
52-wk low ₹71203 sessions so far52-wk high ₹274
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio2.43Moderate
Below bookModerateHigh
EV / EBITDA144.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-1.9%Loss
WeakFairStrong ▸15%
Return on capital-1.2%Loss
WeakFairStrong
Net margin-3.0%Loss
ThinDecentStrong
EBITDA margin2.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover-1.8×Risky
RiskyOkayStrong ▸5×
Current ratio3.52Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹488 cr
Book value
₹98
EPS
₹-0.47
latest quarter
Net debt
₹-12 cr
more cash than debt
Enterprise value
₹475 cr
EBITDA
₹3 cr
annualised
EBIT
₹-2 cr
annualised
Operating margin
-1.9%
Return on assets
-1.5%
Earnings yield
P/S
3.72
Sales / share
₹63.7
Tax rate
Face value
₹10
Shares
2.1 cr
Working capital
₹116 cr
Current assets
₹163 cr
Current liabilities
₹46 cr
Delivery %
62.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹45₹68, midpoint ₹56

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹33 cr
Other Income₹2 cr
Total Income₹35 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹21 cr
Finance Costs₹34 L
Depreciation & Amortisation₹1 cr
Other Expenses₹14 cr
Total Expenses₹36 cr
Profit before Tax₹-95.4 L
Tax Expense₹1.8 L
Net Profit₹-97.1 L
Net margin on total income-2.8%
Where the money goes · Q1 FY27
% of total spend
Employee benefit expense₹21 cr56.7%
Finance costs₹34 L0.9%
Depreciation & amortisation₹1 cr4.0%
Other expenses₹14 cr38.4%
Tax expense₹1.8 L0.0%
Total income ₹35 cr

The company made a net loss of ₹97.1 L this quarter — income covered only 97 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue36 cr39 cr33 cr
Total income38 cr42 cr35 cr
Expenses31 cr34 cr36 cr
Profit before tax7 cr7 cr-95.4 L
Tax2 cr51.4 L1.8 L
Net profit (owners' share)5 cr4 cr-97.2 L
Net margin (owners' share, on revenue)14.9%10.6%-3.0%
EPS (₹)2.583.23-0.47
YoY (latest quarter): total income +13.5% · net profit
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹253 cr
Shareholder equity
₹201 cr
parent shareholders
Total debt
₹99.7 L
Cash
₹13 cr
Cash flow · H1 FY26
Operating
₹117 cr
Investing
₹-99 cr
Financing
₹-2 cr
Peer comparison
Software Products · by market value
CompanyPriceMarket capP/E
Oracle Financial Services Software Limited₹11,620₹1.01 L cr17.9
Tanla Platforms Limited₹495₹6,567 cr11.5
C.E. Info Systems Limited₹890₹4,872 cr24.5
Capillary Technologies India Limited₹449₹3,568 cr
Ramco Systems Limited₹565₹2,125 cr882.6
Nucleus Software Exports Limited₹691₹1,820 cr19.1
Subex Limited₹20₹1,118 cr19.1
Quick Heal Technologies Limited₹152₹827 cr
Unicommerce Esolutions Limited₹84₹806 cr43.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
34.6%
FII / Foreign
1.8%
DII / Domestic
12.1%
Retail / others
51.5%
Promoter stake down 2.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtDeepta Rangarajan · Promoters4.34 L · ₹4.5 cr5 Oct 23
BoughtSubramaniam Swaminathan · Promoters13.72 L · ₹14.1 cr5 Oct 23
BoughtBalachandran Krishnan · Promoters3.31 L · ₹3.4 cr5 Oct 23
Bulk / block deals
SoldTUNGA INDIA LONG TERM EQUITY FUND · NSE1.78 L @ ₹276.0819 Jun 26
BoughtASHOK KUMAR JAIN · NSE1.00 L @ ₹121.4718 Aug 23
BoughtVEENA RAJESH SHAH · NSE1.54 L @ ₹89.6524 Nov 22
Stake changes
SoldMr. Subramaniam Swaminathan alongwith PAC · promoter→ 23.10% · 1.00 L15 Jun 23
BoughtShyama Balachandran · promoter→ 1.04% · 2.00 L6 Dec 21
SoldShyama Balachandran · promoter→ 23.79% · 2.00 L6 Dec 21
Promoter pledges
ReleasedICICI Bank Limited13.72 L · 7.08% held5 Oct 23
ReleasedICICI Bank Limited3.31 L · 1.71% held5 Oct 23
ReleasedICICI Bank Limited4.34 L · 2.24% held5 Oct 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 14 Aug 2026
See the official result
1
1 - ADOPTION OF AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
9.03 L votes for, 30 against · 0% of mutual funds and other big investors said no
2
2 - APPOINTMENT OF MR. BALACHANDRAN KRISHNAN (DIN: 00080055) AS A DIRECTOR LIABLE TO RETIRE BY ROTATION, WHO BEING ELIGIBLE HAS OFFERED HIMSELF FOR RE-APPOINTMENT
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
9.03 L votes for, 30 against · 0% of mutual funds and other big investors said no
3
3 - RE-APPOINTMENT OF MR. BALACHANDRAN KRISHNAN (DIN: 00080055) AS A WHOLE TIME DIRECTOR OF THE COMPANY
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
9.03 L votes for, 30 against · 0% of mutual funds and other big investors said no
4
4 - RE-APPOINTMENT OF MS. DEEPTA RANGARAJAN (DIN: 00404072) WHOLE TIME DIRECTOR OF THE COMPANY
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
9.03 L votes for, 30 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 20 named members
owning 34.6% between them · as of 2026-06-30
Deepta Rangarajan28.77%
Balachandran Krishnan4.89%
Shyama Balachandran0.97%
Anuradha Rangarajanno shares
Atanou S R L Italyno shares
Bharath Rangarajanno shares
IRIS Business Services LLC USAno shares
IRIS Data Solutions Private Limited Indiano shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹20 cr raised in Jun 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 82% of what it set aside, leaving ₹4 cr still to be spent.

Sales and Marketing
86%
₹13 cr of ₹15 cr
Product development related cost
100%
₹3 cr of ₹3 cr
General corporate purpose
29%
₹58.1 L of ₹2 cr
Spent by quarter: 11%24%39%68%82% (to Jun 2026)
₹20 cr raised in Jun 2024 by selling shares to the public

As of Dec 2025, the company says it has spent 53% of what it set aside, leaving ₹9 cr still to be spent.

Sales and Marketing
54%
₹8 cr of ₹15 cr
Product Development Expenses
71%
₹2 cr of ₹3 cr
Product Development Expenses
23%
₹45.2 L of ₹2 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.