Iris Clothings Limited
NSE: IRISDOREMEGarments & Apparels
Share price
₹58.71
-0.93% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
64
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹1,115 Cr
P/E ratio
63.5
P/B ratio
7.9
ROCE
16.0%
ROE
14.3%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 31.8% over the past year, and 13.7% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 18.6% to 15.8% over the last four years.
Whether it grew faster than its sector
It grew 13.7% a year against a sector median of 7.2% — 6.5 percentage points faster.
Room to re-rate, or risk of de-rating
At 63.5× earnings it costs 2.7× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 37.4×, across 5 companies. It is against its own five-year median of 49.3×, the 78th percentile of its own range.
Whether growth justifies the valuation
Priced at 2.5 times its growth rate, on earnings growth of 25%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Iris Clothings Limited — this one | 25%/yr | 63.5× | ₹2.5 |
| Page Industries Limited | 11%/yr | 53.0× | ₹4.8 |
| Arvind Limited | 6%/yr | 30.5× | ₹5.1 |
| Pearl Global Industries Limited | 25%/yr | 37.4× | ₹1.5 |
| Gokaldas Exports Limited | -25%/yr | 46.9× | — |
| Lux Industries Limited | -9%/yr | 31.3× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Garments & Apparels), it ranks 9 of 34 on returns, 8 of 32 on growth, 7 of 34 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 16% on capital, ahead of 74% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years it made ₹1 crore of cash from the business but spent ₹24 crore on plant and equipment, ₹23 crore more than it made; the gap was from lenders and shareholders. But only about 24 of every 100 rupees of profit it reported over 11 years arrived as cash — the rest is tied up. Its cash comes back more slowly than it used to: it went from being waiting 70 days for its cash to waiting 209 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 9 checks clear · 78%
Latest result
What the last results showed. Whether management kept its word is in Pro.
Results are expected soon.
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹1,115 Cr
- Prev close
- ₹58.71
- 52w High
- ₹68.0
- 52w Low
- ₹26.4
- Enterprise value
- ₹1,148 Cr
- Beta
- 0.9
- Price CAGR 1y
- 70.0%
- Price CAGR 3y
- 14.0%
- Price CAGR 5y
- 24.0%
- Price CAGR 10y
- —
Ratios
- Return on assets
- 7.8%
- PEG ratio
- 2.5
- P/E ratio
- 63.5
- P/B ratio
- 7.9
- EV / EBITDA
- 36.0
- Industry P/E
- 21.1
- ROCE
- 16.0%
- ROCE 5y average
- 18.4%
- ROE
- 14.3%
- Debt / Equity
- 0.2
- Interest coverage
- 8.3
- Dividend yield
- 0.0%
- ROE 3y average
- 17.0%
- ROE last year
- 14.0%
Annual P&L
- Annual revenue
- ₹188 Cr
- Annual profit
- ₹16 Cr
- Operating margin
- 16.0%
- Net profit margin
- 8.5%
- EBITDA margin
- 15.4%
- Sales growth 3y
- 18.8%
- Sales growth 5y
- 16.7%
- Profit growth 3y
- 25.0%
- Profit growth 5y
- 20.0%
- EPS
- ₹0.9
- Sales growth TTM
- 32.0%
- Profit growth TTM
- 32.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹47 Cr
- Profit latest quarter
- ₹4 Cr
- YoY quarterly sales growth
- 26.3%
- YoY quarterly profit growth
- 52.5%
- OPM latest quarter
- 17.0%
Balance Sheet
- Book Value
- ₹7.5
- Face Value
- ₹2.0
- Total debt
- ₹34 Cr
- Total cash
- ₹1 Cr
- Borrowings
- ₹34 Cr
- Reserves / Equity
- 2.7
Cash Flow
- Operating cash flow
- -₹7 Cr
- Free cash flow
- -₹21 Cr
- FCF yield
- -2.1%
- Net cash flow
- ₹0 Cr
Shareholding
- Promoter holding
- 58.8%
- FII holding
- 0.2%
- DII holding
- 2.6%
- Public holding
- 38.5%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Page Industries | 37,570.00 | 53.6 | 41,905 | 1.46 | 192.8 | -4.0 | 1,420.5 | 7.9 | 64.4 |
| Arvind Ltd | 529.30 | 32.8 | 14,399 | 0.85 | 57.8 | 25.9 | 2,501.0 | 24.6 | 14.7 |
| Pearl Global Ind | 1,273.10 | 37.5 | 11,761 | 0.57 | 99.2 | 50.9 | 1,528.3 | 24.5 | 19.9 |
| Gokaldas Exports | 673.00 | 47.9 | 4,932 | 0.00 | 44.3 | 6.8 | 1,153.5 | 20.7 | 7.7 |
| Lux Industries | 1,157.50 | 33.6 | 3,481 | 0.17 | 22.0 | -8.1 | 615.3 | 1.8 | 7.7 |
| SBC Exports | 61.77 | 86.6 | 2,941 | 0.00 | 9.4 | 269.8 | 106.0 | 72.8 | 16.8 |
| Kewal Kir.Cloth. | 475.55 | 19.8 | 2,931 | 0.84 | 41.0 | 21.5 | 279.0 | 19.4 | 17.2 |
| Iris Clothings | 59.26 | 64.2 | 1,128 | 0.00 | 4.0 | 52.5 | 47.2 | 26.3 | 16.0 |
| Median | 120.20 | 21.6 | 424 | 0.00 | 6.9 | 15.8 | 111.9 | 9.9 | 14.0 |
Competes with: Arvind Limited, Gokaldas Exports Limited, Kewal Kiran Clothing Limited, Kitex Garments Limited, Lux Industries Limited, Page Industries Limited, Pearl Global Industries Limited, S. P. Apparels Limited, SBC Exports Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24 | 32 | 23 | 42 | 31 | 41 | 33 | 40 | 37 | 44 | 49 | 60 | 47 |
| Expenses | 18 | 25 | 18 | 35 | 26 | 33 | 27 | 32 | 32 | 37 | 43 | 50 | 39 |
| Material Cost | 16 | 13 | 18 | 13 | 18 | 19 | |||||||
| Change in Inventories | -2.92 | -3.21 | -3.69 | 2.67 | -2.04 | -10 | |||||||
| Purchases of Stock-in-Trade | 7.49 | 12 | 14 | 15 | 18 | 17 | |||||||
| Employee Cost | 5.98 | 5.18 | 5.85 | 7.07 | 7.47 | 6.92 | |||||||
| Other Expenses | 5.28 | 5.54 | 4.00 | 5.06 | 7.88 | 6.06 | |||||||
| Operating Profit | 6.34 | 7.53 | 5.40 | 7.08 | 5.93 | 7.93 | 6.04 | 8.11 | 5.26 | 7.03 | 6.03 | 11 | 8.05 |
| OPM % | 26 | 23 | 23 | 17 | 19 | 19 | 18 | 20 | 14 | 16 | 12 | 18 | 17 |
| Other Income | 0.02 | 0.03 | 0.02 | 0.02 | 0.04 | 0.13 | 0.02 | 0.12 | 0.03 | 0.02 | 0.03 | 0.23 | 0.05 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest | 0.83 | 1.03 | 1.02 | 0.97 | 0.98 | 1.04 | 1.09 | 1.09 | 0.58 | 0.49 | 0.70 | 0.89 | 0.88 |
| Depreciation | 1.40 | 1.48 | 1.61 | 1.59 | 1.71 | 1.79 | 1.79 | 1.01 | 1.08 | 1.10 | 1.20 | 1.27 | 1.84 |
| Profit before tax | 4.13 | 5.05 | 2.79 | 4.54 | 3.28 | 5.23 | 3.18 | 6.13 | 3.63 | 5.46 | 4.16 | 8.87 | 5.38 |
| Tax % | 25 | 28 | 29 | 23 | 26 | 27 | 25 | 27 | 28 | 25 | 27 | 27 | 25 |
| Net Profit | 3.08 | 3.66 | 1.99 | 3.49 | 2.42 | 3.84 | 2.37 | 4.48 | 2.63 | 4.12 | 3.01 | 6.43 | 4.01 |
| EPS in Rs | 0.16 | 0.19 | 0.10 | 0.18 | 0.13 | 0.20 | 0.12 | 0.24 | 0.14 | 0.22 | 0.16 | 0.34 | 0.21 |
| Diluted EPS in Rs | 0.55 | 0.14 | 0.44 | 0.16 | 0.34 | 0.21 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2012 8m | Mar 2013 | Mar 2014 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 18 | 25 | 53 | 62 | 60 | 87 | 110 | 112 | 120 | 144 | 188 | 201 |
| Expenses | 0 | 17 | 21 | 44 | 50 | 47 | 70 | 89 | 92 | 94 | 116 | 159 | 169 |
| Material Cost | 61 | 61 | |||||||||||
| Change in Inventories | -7.11 | -6.27 | |||||||||||
| Purchases of Stock-in-Trade | 23 | 59 | |||||||||||
| Employee Cost | 24 | 26 | |||||||||||
| Other Expenses | 17 | 22 | |||||||||||
| Operating Profit | 0 | 1 | 3 | 9 | 11 | 14 | 17 | 21 | 19 | 26 | 28 | 29 | 32 |
| OPM % | 6 | 13 | 17 | 18 | 23 | 19 | 19 | 17 | 22 | 19 | 16 | 16 | |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional items (within Other Income) | 0 | 0 | |||||||||||
| Interest | 0 | 0 | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 4 | 4.20 | 2.67 | 3 |
| Depreciation | 0 | 0 | 1 | 2 | 2 | 5 | 5 | 6 | 5 | 6.09 | 6.30 | 4.66 | 5 |
| Profit before tax | 0 | 1 | 1 | 5 | 7 | 6 | 9 | 14 | 11 | 16 | 18 | 22 | 24 |
| Tax % | 30 | 30 | 30 | 29 | 29 | 26 | 25 | 26 | 26 | 26 | 27 | ||
| Net Profit | 0 | 1 | 1 | 3 | 5 | 4 | 7 | 10 | 8 | 12 | 13 | 16 | 18 |
| EPS in Rs | 0.05 | 0.06 | 0.29 | 0.27 | 0.21 | 0.34 | 0.53 | 0.43 | 0.64 | 0.69 | 0.85 | 0.93 | |
| Diluted EPS in Rs | 1.61 | 0.85 | |||||||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 26%
- 5 years
- 17%
- 3 years
- 19%
- TTM
- 32%
Compounded profit growth
- 10 years
- —
- 5 years
- 20%
- 3 years
- 25%
- TTM
- 32%
Stock price CAGR
- 10 years
- —
- 5 years
- 24%
- 3 years
- 14%
- 1 year
- 70%
Return on equity
- 10 years
- —
- 5 years
- 17%
- 3 years
- 17%
- Last year
- 14%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 3 | 3 | 3 | 5 | 5 | 16 | 16 | 16 | 16 | 16 | 38 |
| Reserves | 0 | 1 | 1 | 7 | 24 | 28 | 23 | 32 | 41 | 53 | 66 | 104 |
| Borrowings | 0 | 12 | 17 | 22 | 21 | 34 | 27 | 33 | 35 | 44 | 50 | 34 |
| Other Liabilities | 0 | 5 | 8 | 9 | 12 | 16 | 10 | 12 | 17 | 20 | 24 | 28 |
| Total Liabilities | 0 | 20 | 29 | 41 | 62 | 82 | 76 | 94 | 109 | 133 | 157 | 204 |
| Fixed Assets | 0 | 7 | 6 | 15 | 14 | 34 | 31 | 31 | 27 | 28 | 27 | 33 |
| CWIP | 0 | 0 | 0 | 0 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 14 | 23 | 26 | 37 | 47 | 45 | 63 | 82 | 105 | 130 | 164 |
| Total Assets | 0 | 20 | 29 | 41 | 62 | 82 | 76 | 94 | 109 | 133 | 157 | 204 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0 | 0 | 3 | 1 | 5 | 9 | 1 | 2 | 2 | 2.53 | -6.71 | |
| Cash from Investing Activity | 0 | 0 | -6 | -12 | -7 | -2 | -4 | -1 | -3 | 0 | -14 | |
| Cash from Financing Activity | 0 | 0 | 2 | 11 | 2 | -7 | 4 | -1 | 1 | -3 | 21 | |
| Net Cash Flow | 0 | 0 | -0 | -0 | -0 | 0 | -0 | -0 | 0 | 0 | 0 | |
| Free Cash Flow | 0 | 0 | -2 | -11 | -2 | 6 | -4 | 1 | -1 | 2.16 | -21 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 69 | 79 | 73 | 57 | 70 | 62 | 79 | 102 | 110 | 134 | 140 | |
| Inventory Days | 201 | 324 | 151 | 289 | 445 | 189 | 213 | 266 | 392 | 332 | 244 | |
| Days Payable | 74 | 163 | 88 | 131 | 209 | 63 | 68 | 99 | 122 | 103 | 79 | |
| Cash Conversion Cycle | 195 | 240 | 136 | 215 | 306 | 189 | 224 | 269 | 380 | 363 | 305 | |
| Working Capital Days | 39 | 74 | 5 | 31 | 38 | 49 | 70 | 106 | 140 | 160 | 209 | |
| ROCE % | 12 | 14 | 22 | 15 | 18 | 22 | 16 | 20 | 18 | 16 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
32.93inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Iris Clothings Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- Cotton yarn / knitted & woven fabric
- Embroidery, trims and packaging materials
- Readymade garments and accessories purchased as stock-in-trade
Depends on the price of
- cotton yarn
Sells to
- Brainbees Solutions Limited · DOREME kidswear sold online; FirstCry-led e-commerce ~10% of FY25 revenue (up from 7% in F…
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Textiles
- Industry
- Garments & Apparels
- Classification
- Textiles › Garments & Apparels
- ISIN
- INE01GN01025
Plants
- Iris Clothings — Foreshore Road Unit
- Iris Clothings — In-house Embroidery Unit
- Iris Clothings — M J Industrial Park Unit
- Iris Clothings — Pachla Unit
- Iris Clothings — Srijan Industrial Logistics Park Units
- Iris Clothings — Uluberia Unit (Disney FAMA licensed)
News impact
Big market events that reach Iris Clothings Limited, and how the effect spreads.
25 Sept, 21:56 IST · Market event · medium impact
RBI cuts time period for export realisation from October 1
RBI shortened the deadline for exporters to bring home foreign payments from October 1, squeezing working capital for textile and IT exporters while banks and domestic fintechs stay largely unaffected.
Who it hits first
- From October 1, the RBI (India's central bank) gives exporters less time to bring home the money foreign buyers owe them — counted from shipment day for goods and invoice day for services.
- That squeezes working capital (the day-to-day cash a business runs on) for exporters such as textile makers Welspun Living, Indo Count and Jindal Worldwide, which earn 41%, 30% and 90% of revenue abroad.
- Banks and home-market finance and software firms feel almost nothing directly, since they have no export cheques waiting.
Who may gain
- No clear winner exists: this is a compliance squeeze, not new demand, so no supplier or customer gains work.
- Large textile exporters with strong books, such as Iris Clothings with ROE 14.29, can absorb the squeeze better than stretched rivals.
- Trade-finance banks could see more packing-credit and hedging demand, but the pack gives no export-credit share to confirm it.
Along the supply chain
Downstream
Downstream, foreign buyers face no change in price or goods, though Indian exporters may press them for quicker payment, which could strain smaller buyer relationships.
Upstream
No upstream order change: yarn, fabric and dye suppliers ship the same volumes since foreign orders do not shrink, only the payment deadline moves.
Where demand moves
Business
No new business demand is created: foreign buyers order the same goods, only the payment clock runs faster, so exporters chase collections instead of new sales.
Capital
Capital demand tilts to short-term borrowing: exporters with thin cash cushions draw more working-capital loans to bridge the shorter wait, mildly lifting loan demand at trade-finance banks.
How it spreads across sectors
Financial Services
Neutral to mild positive: more working-capital and hedging demand, but no direct hit.
Information Technology
Mild negative: services exporters now count the deadline from invoice day, tightening billing discipline.
Textiles
Negative but mild: shorter collection time raises working-capital needs for export-heavy mills.
A pattern seen before
Cascade chain
- Shorter realisation window → exporters collect foreign dues faster
- Faster collections → tighter working capital for export-heavy mills
- Working-capital gap → more packing-credit and hedging demand at banks
Pattern name
RBI Rate Cascade
Patterns
- RBI Rate Cascade
Sectors queried
- Auto
- Banking
- Consumer Durables
- Infrastructure
- NBFC
- Real Estate
When it plays out
Immediate
Exporters adjust billing and collection routines as the October 1 clock starts.
Medium term
Cash cycles settle at the new deadline; well-funded exporters absorb it within 1–6 months.
Short term
Working-capital loans tick up over 1–4 weeks for export-heavy textile mills.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 4 Jul 2025 | bonus | ₹0 |
|---|---|---|
| 11 Aug 2023 | split | ₹0 |
Splits, bonuses & buybacks
- daily-prices repair: 17 rows from NSE's archive (replace 12, delete 0, insert 5), 2019-02-21..2026-02-01 (docs/flat_day_repair.md)1× · 21 Feb 2019
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 27 Aug 2026 | NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED | BUY | 11,53,934 | ₹57.10 |
| 10 Aug 2026 | NIPPON INDIA EQUITY OPPORTUNITIES AIF - SCHEME 6 | BUY | 15,00,000 | ₹55.00 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2628 Aug 2026
- Earnings call28 Jul 2026
- Annual report · 2024-2521 Aug 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.