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  7. Iris Business Services Ltd
Financial RatiosPE RatioShareholdingDividendQuarterly ResultsBalance SheetProfit & LossCash Flow

Iris Business Services Ltd Stock Price Today (NSE: IRIS)

Iris Business Services Ltd

IRISSoftware Products
₹240.49₹2.53 (1.04%)↓
As on 21 Apr 2026, 10:03 am ISTMarket Closed

Fundamental Score

...

Iris Business Services Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Iris Business Services Ltd share price today is ₹240.49, down 1.04% on NSE/BSE as of 21 April 2026. Iris Business Services Ltd (IRIS) is a Small-cap company in the Software Products sector with a market capitalisation of ₹649.62 (Cr). The 52-week high for IRIS share price is ₹426.95 and the 52-week low is ₹203.00. At a P/E ratio of 76.52x, IRIS is currently trading above its industry average P/E of 36.75x. The company has a Return on Equity (ROE) of 22.34% and a debt-to-equity ratio of 0.01.

Iris Business Services Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
₹0.00
Low
₹0.00
Volume
0
Change
-1.04%

Institutional Deep-Dive

Bull Run Research Hub

Live Price:₹240.49— Analysis below may reference an earlier price snapshot.

Iris Business Services Share Price: A Conservative Valuation

In the software products space, a robust client retention rate often signifies enduring value. Today's analysis focuses on the Iris Business Services share price, currently trading at ₹250.30. A key concern for value investors is the high Price-to-Earnings (PE) ratio of 76.52. This suggests that the market has high expectations for future growth, which may introduce considerable risk if those expectations are not met. This analysis is part of an 80-parameter fundamental audit verified by Sweta Mishra, aimed at a capital safety perspective.

A critical positive for Iris Business Services Ltd. is its impressive Return on Capital Employed (ROCE) of 30.22%. This figure indicates the company's efficiency in generating profits from its invested capital. A high ROCE, sustained over time, contributes significantly to developing a "moat" – a competitive advantage that protects the company's profitability from competitors. In this case, the 30.22% ROCE could point to strong pricing power or a specialized service offering that commands premium margins.

When evaluating Iris Business Services, comparing it to its peers becomes crucial. For instance, consider Aion Tech Solutions Ltd. While both companies operate in the IT space, a thorough comparison of their management quality, as reflected in factors like capital allocation decisions and strategic vision, is paramount. Understanding how Iris Business Services Ltd. navigates complex projects and manages stakeholder expectations relative to competitors is vital for gauging long-term sustainability.

Finally, it's important to recognize that a high ROCE coupled with a high PE ratio presents a mixed picture. The market clearly acknowledges the company's profitability, but the elevated valuation implies a considerable premium already baked into the Iris Business Services share price. A conservative investor would need to carefully assess the sustainability of the ROCE and the company's ability to maintain its growth trajectory to justify the current valuation. This analysis is purely observational and does not constitute investment advice.

SM
Analysis by Sweta Mishra
SEBI Registered Research Analyst

Iris Business Services Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
2 Apr 26₹219.73₹232.00₹214.99₹228.5519.18K (Cr)
1 Apr 26₹214.00₹232.00₹212.00₹217.0448.54K (Cr)
30 Mar 26₹213.20₹223.57₹204.50₹210.9173.44K (Cr)
27 Mar 26₹237.00₹237.00₹220.52₹223.7343.22K (Cr)
25 Mar 26₹226.85₹236.95₹219.60₹235.5741.21K (Cr)
24 Mar 26₹220.00₹231.49₹217.30₹226.8557.26K (Cr)
23 Mar 26₹230.00₹230.00₹216.00₹218.4620.26K (Cr)
20 Mar 26₹237.53₹239.11₹224.52₹226.5720.10K (Cr)
19 Mar 26₹238.40₹239.90₹230.00₹232.9622.76K (Cr)
18 Mar 26₹224.01₹237.99₹223.12₹234.9015.15K (Cr)

Iris Business Services Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
Apr 2026₹214.00₹232.00₹212.00₹228.55+6.80%
Mar 2026₹203.00₹256.55₹203.00₹210.91+3.90%
Feb 2026₹296.10₹306.35₹232.90₹248.05-16.23%
Jan 2026₹306.95₹318.95₹253.65₹308.80+0.60%
Dec 2025₹315.00₹324.80₹293.05₹305.50-3.02%
Nov 2025₹317.25₹388.10₹304.15₹319.65+0.76%
Oct 2025₹309.05₹330.00₹306.00₹316.10+2.28%
Sept 2025₹359.20₹371.00₹303.05₹307.55-14.38%
Aug 2025₹366.00₹377.45₹296.55₹359.20-1.86%
Jul 2025₹319.50₹426.95₹301.60₹369.10+15.52%
Jun 2025₹259.75₹304.30₹233.40₹304.30+17.15%
May 2025₹252.55₹300.70₹228.05₹257.70+2.04%

AI Research Briefing

Powered by Gemini · 2026-04-17

Overvalued RegTech play with execution risk.

Research Confidence
6.0/10Moderate
MICRO-CAP DARK HORSE3M: -9.84%Expensive. P/E of 76.52x vs. industry P/E of 36.75x.

⚡WHAT'S HAPPENING NOW:

IRIS RegTech Solutions sold its APAC Tax Technology ASP business to Sovos. The deal, announced on April 12, 2026, gives Sovos new modules in notice and litigation management, tax analytics, and e-way bill compliance.

�� CORE STORY:

IRIS is morphing from a services business to a RegTech product play, specifically in XBRL and SDMX. The market is pricing it as a high-growth SaaS business in a niche regulatory compliance space.

�� WHAT IS DRIVING THE STOCK:

SaaS Transition: The shift to a product-based model is boosting revenue streams.

Regulatory Tailwinds: Increased demand for regulatory reporting solutions like IRIS iDEAL and IRIS CARBON.

MSME Focus: MoUs with governments of Goa and Telangana to boost MSME growth.

⚖️ BULL vs BEAR:

Bull:RegTech is a sticky business. High switching costs + recurring revenue = premium valuation. Focus on SaaS and product offerings will drive revenue growth.

Bear:Q1 net profit declined sharply. Overvalued at a P/E of 76.52x vs. industry P/E of 36.75x. Small-cap, so liquidity is always a risk.

�� WHAT MARKET IS PRICING:

The market is pricing in continued high growth and margin expansion driven by the SaaS model. A slowdown in regulatory spending or failure to scale the product suite will lead to a correction.

�� BOTTOM LINE:

IRIS is a RegTech play trading at nosebleed valuations. Any stumble will be punished.

Why Now
  • APAC Tax Technology ASP business unit sale to Sovos
  • Shift to SaaS model
  • MoUs with Goa and Telangana
Potential Catalysts
  • New product launches
  • Significant order wins
  • Regulatory changes favoring RegTech
Key Risks
  • Micro-cap liquidity risk
  • High P/E ratio
  • Slowdown in quarterly profit
Institutional Activity

FII and DII have increased their holdings, but promoter holding decreased slightly.

Macro Context

Indian software market is projected to grow at a CAGR of 4.33%, providing a tailwind.

Cash Flow Quality

Free Cash Flow 5Y: ₹41.25 Cr

3–6 Month Outlook

3-6 months: Monitor execution on SaaS transition and ability to maintain growth. Key is new client acquisition and product adoption.

Primary Thesis Risk

Overvaluation and execution risk in scaling the SaaS business.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Excellent

ROE

22.34%
Excellent

ROCE

30.22%
Excellent

OPM (5Y)

14.84%

Div Yield

0.00%

Iris Business Services Ltd Valuation Check

Poor

P/E Ratio

76.52x
Poor

Industry P/E

36.75x
Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Market Cap

649.62 (Cr)

Shareholding Pattern

Excellent

Promoter

34.65%
Poor

FII

1.73%
Good

DII

12.79%
Excellent

Pledged

0.00%

Growth Engine

Poor

Profit Growth (Q)

-50.69%
Poor

Sales Growth (Q)

6.13%
Excellent

Sales Growth (5Y)

19.82%
Excellent

EPS Growth (5Y)

91.10%
Excellent

Profit Growth (5Y)

94.34%

Balance Sheet Health

Excellent

Debt to Equity

0.01x
Excellent

Int. Coverage

21.35x

Free Cash Flow (5Y)

41.25 (Cr)

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Iris Business Services Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of IRIS across key market metrics for learning purposes.

Positive Indicators

9 factors identified

Strong Return on Equity (22.34%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (30.22%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Consistent Growth Track Record (19.82% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Excellent EPS Growth (91.10% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (94.34% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Conservative Debt Levels (D/E: 0.01)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Strong Interest Coverage (21.35x)

Observation: Earnings comfortably cover interest obligations.

Analysis: Interest coverage >5x indicates low financial distress risk.

Strong Cash Generation (₹41.25 Cr over 5Y)

Observation: Healthy free cash flow generation supports growth and returns.

Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

3 factors identified

Premium Valuation Risk (P/E: 76.52x)

Observation: High valuation multiples may limit upside potential.

Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.

Profit Decline Concern (-50.69%)

Observation: Significant year-over-year profit contraction observed.

Analysis: Declining profitability requires investigation into underlying causes.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Peer Comparison - Software Products

Compare Iris Business Services Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Overall score
Valuation
Price metrics
Profitability
Return metrics
Financial Health
Debt management
Growth
5Y performance
Dividend
Yield %
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
Iris Business Services LtdIris Business S...Selected✓
IRIS • 540735
47.9/100
₹240.49₹240
₹649.62₹649.62
76.52Average
76.5
Average
22.34%Excellent
22.34%
Excellent
30.22%Excellent
30.22%
Excellent
0.01Excellent
0.0
Excellent
94.34%Excellent
94.34%
Excellent
19.82%Excellent
19.82%
Excellent
0.00%
Oracle Financial Services Software LimitedOracle Financia...
OFSS • 532466
55.8/100
₹8082.50₹8083
₹70893.63₹70893.63
29.87Average
29.9
Average
29.34%Excellent
29.34%
Excellent
0.00%Poor
0.00%
Poor
0.00Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Ce Info Systems LtdCe Info Systems...
MAPMYINDIA • 543425
61.7/100
₹926.70₹927
₹9148.67₹9148.67
62.82Average
62.8
Average
17.62%Good
17.62%
Good
0.00%Poor
0.00%
Poor
0.01Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Tanla Platforms LtdTanla Platforms...
TANLA • 532790
69.1/100
₹482.65₹483
₹7392.75₹7392.75
15.42Average
15.4
Average
24.10%Excellent
24.10%
Excellent
0.00%Poor
0.00%
Poor
0.03Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Nucleus Software Exports LtdNucleus Softwar...
NUCLEUS • 531209
56.5/100
₹797.95₹798
₹2429.96₹2429.96
15.07Average
15.1
Average
16.82%Good
16.82%
Good
0.00%Poor
0.00%
Poor
0.01Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Ramco Systems LtdRamco Systems L...
RAMCOSYS • 532370
34/100
₹421.35₹421
₹2096.06₹2096.06
241.76Average
241.8
Average
-10.87%Poor
-10.87%
Poor
0.00%Poor
0.00%
Poor
0.15Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Lucent Industries LtdLucent Industri...
LUCENT • 539682
29.6/100
₹1180.55₹1181
₹1731.07₹1731.07
232.05Average
232.1
Average
0.00%Poor
0.00%
Poor
0.00%Poor
0.00%
Poor
0.65Good
0.7
Good
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Quick Heal Technologies LtdQuick Heal Tech...
QUICKHEAL • 539678
32/100
₹170.44₹170
₹1668.27₹1668.27
0.00Average
0.0
Average
0.63%Poor
0.63%
Poor
0.00%Poor
0.00%
Poor
0.00Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Unicommerce eSolutions LtdUnicommerce eSo...
UNIECOM • 544227
35.1/100
₹99.19₹99
₹1431.00₹1431.00
73.92Average
73.9
Average
24.78%Excellent
24.78%
Excellent
0.00%Poor
0.00%
Poor
0.06Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Blue Cloud Softech Solutions LtdBlue Cloud Soft...
BLUECLOUDS • 539607
32.4/100
₹19.02₹19
₹886.96₹886.96
16.98Average
17.0
Average
44.47%Excellent
44.47%
Excellent
0.00%Poor
0.00%
Poor
0.55Good
0.6
Good
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Subex LtdSubex Ltd...
SUBEXLTD • 532348
14.2/100
₹9.13₹9
₹674.17₹674.17
0.00Average
0.0
Average
-11.26%Poor
-11.26%
Poor
0.00%Poor
0.00%
Poor
0.09Excellent
0.1
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%

Iris Business Services Ltd Financial Statements

Comprehensive financial data for Iris Business Services Ltd including income statement, balance sheet and cash flow

About IRIS (Iris Business Services Ltd)

Iris Business Services Ltd is a forward-thinking technology company specializing in crafting innovative software products designed to streamline complex processes for businesses ac...ross diverse industries. Focused on delivering user-friendly and robust solutions, Iris develops cutting-edge applications that empower organizations to optimize their operations, improve decision-making, and achieve greater efficiency. With a strong commitment to research and development, Iris Business Services continually pushes the boundaries of technological advancement, incorporating the latest trends and best practices to ensure its products remain at the forefront of the market. Their dedication to quality and customer satisfaction has established Iris as a trusted partner for businesses seeking to leverage the power of software to drive growth and success. Iris Business Services distinguishes itself through its profound understanding of the challenges faced by businesses navigating an increasingly complex and regulated landscape. Its suite of software solutions is meticulously designed to address these specific needs, offering tailored tools that simplify intricate tasks and provide valuable insights. From data analytics and reporting platforms to process automation and compliance management systems, Iris's product portfolio is comprehensive and versatile. The company leverages its deep domain expertise to develop intuitive interfaces and powerful functionalities, enabling users to quickly master the software and realize its full potential. By focusing on user experience and delivering tangible results, Iris Business Services helps businesses unlock new levels of productivity and agility. Committed to a customer-centric approach, Iris Business Services goes beyond simply delivering exceptional software. They prioritize building long-term relationships with their clients, offering comprehensive support and training services to ensure successful implementation and adoption of their products. The company's team of experienced professionals works closely with clients to understand their unique requirements and tailor solutions to their specific needs. With a global presence and a proven track record of success, Iris Business Services has established itself as a leading provider of software solutions for businesses seeking to thrive in today's dynamic and competitive environment. Their dedication to innovation, quality, and customer satisfaction makes them a trusted partner for organizations looking to leverage technology to achieve their strategic goals.

Company Details

Symbol:IRIS
Industry:Software Products
Sector:Software Products
Website:https://www.irisbusiness.com

Key Leadership

Mr. Balachandran Krishnan
Co-Founder, CEO & Whole Time Director
Ms. Deepta Rangarajan
Co-Founder, COO & Whole Time Director
Mr. Puthenpurackal Kuncheria Xavier Thomas
CTO & Whole-Time Director

Latest News

Sovos Expands Global eInvoicing and Tax Compliance Coverage with Acquisition of IRIS' APAC Tax Technology Business
Yahoo/Google• 8/12/2025

IRIS Share Price: Frequently Asked Questions

What is the current share price of Iris Business Services Ltd?

As of 21 Apr 2026, 10:03 am IST, Iris Business Services Ltd share price is ₹240.49. The Iris Business Services Ltd stock has a market capitalisation of ₹649.62 (Cr) on NSE/BSE.

Is Iris Business Services Ltd share price Overvalued or Undervalued?

Iris Business Services Ltd share price is currently trading at a P/E ratio of 76.52x, compared to the industry average of 36.75x. Based on this relative valuation, the Iris Business Services Ltd stock appears to be Overvalued against its sector peers.

What is the 52-week high and low of Iris Business Services Ltd share price?

The 52-week high of Iris Business Services Ltd share price is ₹426.95 and the 52-week low is ₹203.00. These values are updated daily from NSE/BSE price data.

What factors affect the Iris Business Services Ltd share price?

Key factors influencing Iris Business Services Ltd share price include quarterly earnings growth (Sales Growth: 6.13%), raw material costs, government spending, and institutional flows (FII/DII holding).

Is Iris Business Services Ltd a good stock for long-term investment?

Iris Business Services Ltd shows a 5-year Profit Growth of 94.34% and an ROE of 22.34%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.01 before investing in Iris Business Services Ltd shares.

How does Iris Business Services Ltd compare with its industry peers?

Iris Business Services Ltd competes with major peers in the Software Products. Investors should compare Iris Business Services Ltd share price P/E of 76.52x and ROE of 22.34% against the industry averages to determine competitive standing.

What is the P/E ratio of Iris Business Services Ltd and what does it mean?

Iris Business Services Ltd share price has a P/E ratio of 76.52x compared to the industry average of 36.75x. Investors pay ₹77 for every ₹1 of annual earnings.

How is Iris Business Services Ltd performing according to Bull Run's analysis?

Iris Business Services Ltd has a Bull Run fundamental score of 47.9/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.

What sector and industry does Iris Business Services Ltd belong to?

Iris Business Services Ltd operates in the Software Products industry. This classification helps understand the competitive landscape and sector-specific trends affecting Iris Business Services Ltd share price.

What is Return on Equity (ROE) and why is it important for IRIS?

IRIS has an ROE of 22.34%, which indicates excellent management efficiency. ROE measures how efficiently Iris Business Services Ltd generates profits from shareholders capital.

How is IRIS debt-to-equity ratio and what does it indicate?

IRIS has a debt-to-equity ratio of 0.01, which indicates conservative financing with low financial risk.

What is IRIS dividend yield and is it a good dividend stock?

IRIS offers a dividend yield of 0.00%, meaning you receive ₹0.00 annual dividend for every ₹100 invested in Iris Business Services Ltd shares.

How has IRIS share price grown over the past 5 years?

IRIS has achieved 5-year growth rates of: Sales Growth 19.82%, Profit Growth 94.34%, and EPS Growth 91.10%.

What is the promoter holding in IRIS and why does it matter?

Promoters hold 34.65% of IRIS shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Iris Business Services Ltd.

What is IRIS market capitalisation category?

IRIS has a market capitalisation of ₹650 crores, placing it in the Small-cap category.

How volatile is IRIS stock?

IRIS has a beta of N/A. A beta > 1 suggests the Iris Business Services Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.

What is IRIS operating profit margin trend?

IRIS has a 5-year average Operating Profit Margin (OPM) of 14.84%, indicating the company's operational efficiency.

How is IRIS quarterly performance?

Recent quarterly performance shows Iris Business Services Ltd YoY Sales Growth of 6.13% and YoY Profit Growth of -50.69%.

What is the institutional holding pattern in IRIS?

IRIS has FII holding of 1.73% and DII holding of 12.79%. Significant institutional holding often suggests professional confidence in the Iris Business Services Ltd stock.

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