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    Software - Application
IRIS RegTech Solutions Limited

IRIS RegTech Solutions Limited

IRIS.NS
IRIS RegTech Solutions LimitedIN flagNational Stock Exchange of India
266.50
INR
-8.55
- -
5.48BMarket Cap
IRIS RegTech Solutions Limited
IRIS.NS
(National Stock Exchange of India)

Recent

price

266.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
44.97
48.8
39.41
23.18
19.66
21.53
21.13
27.01
30.27
32
38.28
52.84
55.15
62.52
68.65
Revenue per Share
5.11
6.4
2.13
-5.42
-7.63
-3.18
-3.23
0.25
2.19
0.52
2.22
4.49
6.55
61.54
65.21
Basic EPS, GAAP
0.22
1.62
-0.46
-3.05
-1.19
-3.91
0.16
0.67
5.56
-0.82
1.68
4.04
10.2
47.01
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
4.99
4.99
4.99
4.99
8.68
11.65
6.79
5.78
8
8.56
10.83
15.24
21.98
10.01
10.6
Book Value per Share
7.34
14.12
12.06
1.19
-5.91
2.53
0.76
2.47
7.4
10.19
13.62
18.74
32.93
90.69
96.1
Tangible Book Value per Share
14
14
14
14
14
16
19
19
19
19
19
19
20
21
19
Basic Weighted Avg Shares
625
678
547
322
273
350
399
510
571
613
736
1,023
1,097
1,285
1,332
Sales/Revenue/Turnover
21.93
22.53
7.4
-23.6
-30.56
-5.79
-6.75
4.55
10.47
4.04
7.01
10.97
15.89
6.25
6.22
Operating Margin (%)
43
39
55
46
46
45
41
62
63
52
47
45
22
24
23
Depreciation Expense
71
89
30
-75
-106
-52
-61
5
41
10
43
87
130
1,265
1,265
Net Income, GAAP
26.18
29.34
- -
- -
- -
- -
- -
14.98
- -
38.19
17.62
13.94
28.76
17.53
16.11
Effective Tax Rate (%)
11.36
13.11
5.41
-23.4
-38.81
-14.79
-15.31
0.91
7.24
1.63
5.81
8.5
11.88
98.44
94.99
Profit Margin (%)
49
152
97
47
-88
16
-15
10
81
139
217
308
603
1,164
1,164
Working Capital
94
81
40
121
98
69
46
32
1
1
1
9
7
4
4
LT Debt
240
331
353
281
190
301
242
220
260
273
316
411
761
2,007
2,007
Total Equity
- -
27.55
- -
- -
- -
- -
- -
4.79
- -
4.64
12
22.87
19.43
4.67
4.9
Return on Invested Capital (%)
- -
57.05
- -
- -
- -
- -
- -
6.7
- -
6.4
19.42
29.42
31.56
359.03
359.05
Return on Capital (%)
- -
128.13
42.69
-108.6
-111.6
-33.36
-38.49
3.93
31.78
6.34
22.96
34.55
35.58
393.57
393.57
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
15
- -
12
LT Borrowings
- -
- -
- -
LT Finance Leases
5
- -
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21
- -
21
Market Capitalization
5,850
5,907
4,091

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,336
- -
1,625
Cash, Cash Equivalents & STI
1,008
- -
1,284
Accounts Receivable, Net
261
- -
275
Inventories
- -
- -
- -
Total Current Liabilities
552
- -
461
Payables & Accruals
- -
- -
- -
ST Debt
15
- -
12
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
31.54%
59.9%
163.77%
Free Cash Flow
142.77%
51.16%
376.23%
Net Income, GAAP
196.33%
255.31%
871.02%
Sales/Revenue/Turnover
15.75%
18.14%
17.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
206
240
273
304
1,023
2025
276
269
289
297
1,097
2026
299
286
356
392
1,285

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.48
0.71
0.91
- -
4.49
2025
1.49
2
1.83
1.39
6.55
2026
0.11
56.87
2.58
2.02
61.54

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
IRIS Business Services Limited IRIS Business Services Limited (IRIS.NS) provides regulatory technology (RegTech) software-as-a-service (SaaS) solutions focused on compliance, data management, financial reporting, and analytics for enterprises, regulators, and financial institutions worldwide. The company offers IRIS CARBON for XBRL/iXBRL-based financial and sustainability reporting including disclosure management and ESG modules; IRIS iFile and COLLECT platforms for regulators to gather and process financial data; IRIS GST and tax technology solutions for e-invoicing, VAT compliance, notice management, and analytics; Peridot for MSME tools covering invoicing, government scheme matching, and lending; as well as SupTech platforms for supervisory oversight and IRIS Myeinvois for e-invoicing in markets like Malaysia. Headquartered in Navi Mumbai, India, with subsidiaries in the USA, Singapore, and Italy, plus an affiliate in the UAE, IRIS Business Services Limited operates in over 50 countries across Africa, Europe, the Middle East, Asia Pacific, and the Americas, targeting sectors such as banking, utilities, and corporate governance. Founded in 2000 and listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE), the company leverages AI, machine learning, and XBRL standards to serve clients including Gap Inc., central banks, and tax authorities. In recent developments, shareholders approved a rebranding to IRIS RegTech Solutions Limited as of November 2025 to emphasize its RegTech focus; the company divested its Tax Technology ASP business to Sovos in 2025 following a long-standing partnership, recording exceptional income; acquired a 48.99% stake in IRIS Logix Solutions Pvt Ltd in July 2025 for Rs 151.24 crore, making it a wholly-owned subsidiary before transferring 5% to Sovos; secured a six-year XBRL financial reporting contract with Qatar's General Tax Authority in September 2025; signed MOUs with the governments of Goa, Karnataka, and Telangana for MSME initiatives; launched SaaS platforms, IRIS Peridot MSME app, and enhancements to disclosure management; and reported Q2 FY2026 earnings with growth in SaaS and investments in sales for Europe and North America expansion.