Reported Earnings • May 15
Full year 2026 earnings released: EPS: ₹0.85 (vs ₹0.80 in FY 2025) Full year 2026 results: EPS: ₹0.85 (up from ₹0.80 in FY 2025). Revenue: ₹1.91b (up 31% from FY 2025). Net income: ₹161.9m (up 23% from FY 2025). Profit margin: 8.5% (down from 9.0% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 04
Third quarter 2026 earnings released: EPS: ₹0.16 (vs ₹0.14 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.16 (up from ₹0.14 in 3Q 2025). Revenue: ₹487.0m (up 46% from 3Q 2025). Net income: ₹30.1m (up 27% from 3Q 2025). Profit margin: 6.2% (down from 7.1% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Vranda Rathi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹38.22, the stock trades at a trailing P/E ratio of 45.8x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 93% over the past three years. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: ₹0.44 (vs ₹0.23 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.44 (up from ₹0.23 in 2Q 2025). Revenue: ₹443.4m (up 7.5% from 2Q 2025). Net income: ₹41.2m (up 7.2% from 2Q 2025). Profit margin: 9.3% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. Announcement • Nov 05
Iris Clothings Limited to Report Q2, 2026 Results on Nov 06, 2025 Iris Clothings Limited announced that they will report Q2, 2026 results on Nov 06, 2025 Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: ₹0.14 (vs ₹0.15 in 1Q 2025) First quarter 2026 results: EPS: ₹0.14. Revenue: ₹374.0m (up 19% from 1Q 2025). Net income: ₹26.3m (up 8.5% from 1Q 2025). Profit margin: 7.0% (down from 7.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in India. Announcement • Aug 11
Iris Clothings Limited, Annual General Meeting, Sep 16, 2025 Iris Clothings Limited, Annual General Meeting, Sep 16, 2025, at 11:00 Indian Standard Time. Announcement • Aug 05
Iris Clothings Limited to Report Q1, 2026 Results on Aug 08, 2025 Iris Clothings Limited announced that they will report Q1, 2026 results on Aug 08, 2025 Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹53.01, the stock trades at a trailing P/E ratio of 35.7x. Average forward P/E is 24x in the Luxury industry in India. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹52.12, the stock trades at a trailing P/E ratio of 35.1x. Average forward P/E is 23x in the Luxury industry in India. Total returns to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₹46.40, the stock trades at a trailing P/E ratio of 31.2x. Average forward P/E is 23x in the Luxury industry in India. Total returns to shareholders of 31% over the past three years. Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: ₹0.29 (vs ₹0.24 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.29 (up from ₹0.24 in 3Q 2024). Revenue: ₹333.8m (up 42% from 3Q 2024). Net income: ₹23.7m (up 20% from 3Q 2024). Profit margin: 7.1% (down from 8.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 29
Second quarter 2025 earnings released: EPS: ₹0.47 (vs ₹0.45 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.47 (up from ₹0.45 in 2Q 2024). Revenue: ₹413.9m (up 29% from 2Q 2024). Net income: ₹38.4m (up 5.0% from 2Q 2024). Profit margin: 9.3% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 04
Iris Clothings Limited, Annual General Meeting, Sep 28, 2024 Iris Clothings Limited, Annual General Meeting, Sep 28, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: ₹0.30 (vs ₹0.38 in 1Q 2024) First quarter 2025 results: EPS: ₹0.30 (down from ₹0.38 in 1Q 2024). Revenue: ₹314.7m (up 30% from 1Q 2024). Net income: ₹24.2m (down 21% from 1Q 2024). Profit margin: 7.7% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
Iris Clothings Limited to Report Q4, 2024 Results on May 13, 2024 Iris Clothings Limited announced that they will report Q4, 2024 results on May 13, 2024 Reported Earnings • May 14
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹1.50 (up from ₹1.01 in FY 2023). Revenue: ₹1.22b (up 8.0% from FY 2023). Net income: ₹122.1m (up 48% from FY 2023). Profit margin: 10.0% (up from 7.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 06
Third quarter 2024 earnings released: EPS: ₹0.24 (vs ₹0.098 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.24 (up from ₹0.098 in 3Q 2023). Revenue: ₹235.0m (up 16% from 3Q 2023). Net income: ₹19.9m (up 150% from 3Q 2023). Profit margin: 8.4% (up from 3.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: ₹0.45 (vs ₹0.43 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.45 (up from ₹0.43 in 2Q 2023). Revenue: ₹321.9m (up 1.3% from 2Q 2023). Net income: ₹36.6m (up 4.9% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 138% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Market cap is less than US$100m (₹7.52b market cap, or US$90.4m). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹89.40, the stock trades at a trailing P/E ratio of 76x. Average trailing P/E is 22x in the Luxury industry in India. Total returns to shareholders of 1,190% over the past three years. Announcement • Aug 20
Iris Clothings Limited, Annual General Meeting, Sep 19, 2023 Iris Clothings Limited, Annual General Meeting, Sep 19, 2023, at 16:00 Indian Standard Time. Reported Earnings • Jul 23
First quarter 2024 earnings released: EPS: ₹1.89 (vs ₹1.07 in 1Q 2023) First quarter 2024 results: EPS: ₹1.89 (up from ₹1.07 in 1Q 2023). Revenue: ₹241.9m (up 3.8% from 1Q 2023). Net income: ₹30.8m (up 76% from 1Q 2023). Profit margin: 13% (up from 7.5% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Reported Earnings • May 06
Full year 2023 earnings released: EPS: ₹5.06 (vs ₹6.22 in FY 2022) Full year 2023 results: EPS: ₹5.06 (down from ₹6.22 in FY 2022). Revenue: ₹1.13b (up 1.4% from FY 2022). Net income: ₹82.6m (down 19% from FY 2022). Profit margin: 7.3% (down from 9.1% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 107% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 26
MD & Executive Director recently bought ₹5.4m worth of stock On the 22nd of March, Santosh Ladha bought around 17k shares on-market at roughly ₹317 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Santosh has been a buyer over the last 12 months, purchasing a net total of ₹11m worth in shares. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹0.49 (vs ₹1.46 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.49 (down from ₹1.46 in 3Q 2022). Revenue: ₹203.5m (down 19% from 3Q 2022). Net income: ₹7.94m (down 67% from 3Q 2022). Profit margin: 3.9% (down from 9.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 04
Iris Clothings Limited to Report Q3, 2023 Results on Feb 03, 2023 Iris Clothings Limited announced that they will report Q3, 2023 results on Feb 03, 2023 Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 19% share price gain to ₹227, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 552% over the past three years. Reported Earnings • Jul 29
First quarter 2023 earnings released: EPS: ₹1.07 (vs ₹1.10 in 1Q 2022) First quarter 2023 results: EPS: ₹1.07 (down from ₹1.10 in 1Q 2022). Revenue: ₹232.9m (up 20% from 1Q 2022). Net income: ₹17.5m (down 2.8% from 1Q 2022). Profit margin: 7.5% (down from 9.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 28
Iris Clothings Limited, Annual General Meeting, Sep 19, 2022 Iris Clothings Limited, Annual General Meeting, Sep 19, 2022, at 16:00 Indian Standard Time. Recent Insider Transactions • May 28
Executive Whole-Time Director recently bought ₹3.3m worth of stock On the 25th of May, Geeta Ladha bought around 15k shares on-market at roughly ₹221 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹20m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 15
MD & Executive Director recently bought ₹3.3m worth of stock On the 12th of May, Santosh Ladha bought around 16k shares on-market at roughly ₹210 per share. This was the largest purchase by an insider in the last 3 months. Santosh has been a buyer over the last 12 months, purchasing a net total of ₹12m worth in shares. Reported Earnings • May 02
Full year 2022 earnings released: EPS: ₹6.22 (vs ₹4.00 in FY 2021) Full year 2022 results: EPS: ₹6.22 (up from ₹4.00 in FY 2021). Revenue: ₹1.12b (up 27% from FY 2021). Net income: ₹101.5m (up 55% from FY 2021). Profit margin: 9.1% (up from 7.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 30
MD & Executive Director recently bought ₹1.9m worth of stock On the 24th of March, Santosh Ladha bought around 10k shares on-market at roughly ₹190 per share. This was the largest purchase by an insider in the last 3 months. Santosh has been a buyer over the last 12 months, purchasing a net total of ₹8.8m worth in shares. Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.46 (up from ₹1.22 in 3Q 2021). Revenue: ₹250.7m (down 11% from 3Q 2021). Net income: ₹23.8m (up 20% from 3Q 2021). Profit margin: 9.5% (up from 7.1% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 29
Iris Clothings Limited to Report Q3, 2022 Results on Jan 27, 2022 Iris Clothings Limited announced that they will report Q3, 2022 results on Jan 27, 2022 Reported Earnings • Oct 24
Second quarter 2022 earnings released: EPS ₹2.14 (vs ₹1.94 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹343.7m (up 40% from 2Q 2021). Net income: ₹34.9m (up 11% from 2Q 2021). Profit margin: 10% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improved over the past week After last week's 15% share price gain to ₹209, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 526% over the past year. Recent Insider Transactions • Sep 22
MD & Director recently bought ₹6.9m worth of stock On the 17th of September, Santosh Ladha bought around 38k shares on-market at roughly ₹182 per share. This was the largest purchase by an insider in the last 3 months. This was Santosh's only on-market trade for the last 12 months. Reported Earnings • Aug 04
First quarter 2022 earnings released: EPS ₹1.10 (vs ₹0.78 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹193.9m (up 243% from 1Q 2021). Net income: ₹18.0m (up ₹30.8m from 1Q 2021). Profit margin: 9.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 15% share price gain to ₹175, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 22x in the Luxury industry in India. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 18% share price gain to ₹145, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 19x in the Luxury industry in India. Reported Earnings • May 02
Full year 2021 earnings released: EPS ₹4.00 (vs ₹2.42 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹882.4m (up 45% from FY 2020). Net income: ₹65.3m (up 66% from FY 2020). Profit margin: 7.4% (up from 6.5% in FY 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improved over the past week After last week's 20% share price gain to ₹112, the stock trades at a trailing P/E ratio of 46.5x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 181% over the past year. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹94.80, the stock is trading at a trailing P/E ratio of 39.3x, down from the previous P/E ratio of 48.2x. This compares to an average P/E of 18x in the Luxury industry in India. Total returns to shareholders over the past year are 83%. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 18% share price gain to ₹70.80, the stock is trading at a trailing P/E ratio of 29.3x, up from the previous P/E ratio of 24.8x. This compares to an average P/E of 18x in the Luxury industry in India. Total returns to shareholders over the past year are 47%. Is New 90 Day High Low • Feb 22
New 90-day high: ₹70.80 The company is up 97% from its price of ₹36.00 on 24 November 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 20% share price gain to ₹51.55, the stock is trading at a trailing P/E ratio of 21.3x, up from the previous P/E ratio of 17.8x. This compares to an average P/E of 19x in the Luxury industry in India. Total returns to shareholders over the past year are 50%. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 18% share price gain to ₹46.00, the stock is trading at a trailing P/E ratio of 19x, up from the previous P/E ratio of 16.1x. This compares to an average P/E of 18x in the Luxury industry in India. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 17% share price gain to ₹42.00, the stock is trading at a trailing P/E ratio of 17.4x, up from the previous P/E ratio of 14.9x. This compares to an average P/E of 16x in the Luxury industry in India. Total returns to shareholders over the past year are 28%. Announcement • Nov 16
Iris Clothings Limited Appoints Manoj Tulsyan as an Additional Non-Executive Independent Director Iris Clothings Limited announced that Mr. Manoj Tulsyan is appointed as an additional non-executive independent director of the company at the board meeting held on August 26, 2020. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 15% share price gain to ₹38.00, the stock is trading at a trailing P/E ratio of 15.7x, up from the previous P/E ratio of 13.7x. This compares to an average P/E of 14x in the Luxury industry in India. Announcement • Sep 19
Iris Clothings Limited to Report First Half, 2020 Results on Jun 29, 2020 Iris Clothings Limited announced that they will report first half, 2020 results on Jun 29, 2020