IRIS Business Services
IRIS Business Services Limited, together with its subsidiaries, provides software products, services, and solutions for compliance, data, and analytics worldwide. The last earnings update was 172 days ago. More info.
Add to Portfolio Compare Print
- IRIS Business Services has significant price volatility in the past 3 months.
540735 Share Price and Events
7 Day Returns
1 Year Returns
540735 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| IRIS Business Services (540735) | -1.7% | -25.2% | -17.5% | -50.2% | - | - |
| IN Software | -1.6% | 2.3% | -5.9% | -19.9% | -4.5% | 28.4% |
| IN Market | -1.9% | 1.2% | 5.1% | -2.8% | 38.3% | 71% |
1 Year Return vs Industry and Market
- 540735 underperformed the Software industry which returned -19.9% over the past year.
- 540735 underperformed the Market in India which returned -2.8% over the past year.
540735 Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
- It is not possible to calculate the future cash flow value for IRIS Business Services. This is due to cash flow or dividend data being unavailable. The share price is ₹28.5.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for IRIS Business Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
IRIS Business Services's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in INR | ₹-2.04 |
| BSE:540735 Share Price ** | BSE (2019-04-23) in INR | ₹28.5 |
| India Software Industry PE Ratio | Median Figure of 48 Publicly-Listed Software Companies | 15.63x |
| India Market PE Ratio | Median Figure of 2,739 Publicly-Listed Companies | 16.02x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of IRIS Business Services.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:540735 Share Price ÷ EPS (both in INR) = 28.5 ÷ -2.04 |
-14x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- IRIS Business Services is loss making, we can't compare its value to the IN Software industry average.
- IRIS Business Services is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does
IRIS Business Services's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -14x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| India Software Industry PEG Ratio | Median Figure of 9 Publicly-Listed Software Companies | 0.96x |
| India Market PEG Ratio | Median Figure of 586 Publicly-Listed Companies | 1.32x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for IRIS Business Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
IRIS Business Services's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in INR | ₹12.24 |
| BSE:540735 Share Price * | BSE (2019-04-23) in INR | ₹28.5 |
| India Software Industry PB Ratio | Median Figure of 66 Publicly-Listed Software Companies | 1.17x |
| India Market PB Ratio | Median Figure of 3,630 Publicly-Listed Companies | 1.09x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BSE:540735 Share Price ÷ Book Value per Share (both in INR) = 28.5 ÷ 12.24 |
2.33x |
* Primary Listing of IRIS Business Services.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- IRIS Business Services is overvalued based on assets compared to the IN Software industry average.
Value checks
We assess IRIS Business Services's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) IRIS Business Services has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
540735 Future Performance
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IRIS Business Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare IRIS Business Services's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare IRIS Business Services's earnings growth to the India market average as no estimate data is available.
- Unable to compare IRIS Business Services's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| India Software Industry Earnings Growth Rate | Market Cap Weighted Average | 16.2% |
| India Software Industry Revenue Growth Rate | Market Cap Weighted Average | 12% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.3% |
| India Market Revenue Growth Rate | Market Cap Weighted Average | 11.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 399 | -40 | |
| 2018-06-30 | 374 | -46 | |
| 2018-03-31 | 350 | -35 | -52 |
| 2017-12-31 | 313 | -82 | |
| 2017-09-30 | 277 | -103 | |
| 2017-06-30 | 275 | -100 | |
| 2017-03-31 | 273 | 37 | -106 |
| 2016-03-31 | 322 | 77 | -75 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from IRIS Business Services Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-09-30 | -2.04 |
| 2018-06-30 | -2.55 |
| 2018-03-31 | -3.18 |
| 2017-12-31 | -5.45 |
| 2017-09-30 | -7.42 |
| 2017-06-30 | -7.18 |
| 2017-03-31 | -7.64 |
| 2016-03-31 | -5.43 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if IRIS Business Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess IRIS Business Services's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
IRIS Business Services has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
540735 Past Performance
How has IRIS Business Services performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- IRIS Business Services does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare IRIS Business Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare IRIS Business Services's 1-year growth to the IN Software industry average as it is not currently profitable.
Earnings and Revenue History
All data from IRIS Business Services Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 399.30 | -40.39 | 9.79 | |
| 2018-06-30 | 374.41 | -46.04 | 9.79 | |
| 2018-03-31 | 349.51 | -51.68 | 9.79 | |
| 2017-12-31 | 313.13 | -82.12 | 5.61 | |
| 2017-09-30 | 276.74 | -102.92 | 1.43 | |
| 2017-06-30 | 274.95 | -99.65 | 1.43 | |
| 2017-03-31 | 273.17 | -106.01 | 1.43 | |
| 2016-03-31 | 322.02 | -75.34 | 0.26 | |
| 2015-03-31 | 547.42 | 29.61 | 14.12 | |
| 2014-03-31 | 677.92 | 88.89 | 3.84 | |
| 2013-03-31 | 624.72 | 70.98 | 3.22 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if IRIS Business Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if IRIS Business Services has efficiently used its assets last year compared to the IN Software industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if IRIS Business Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess IRIS Business Services's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
IRIS Business Services has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
540735 Health
How is IRIS Business Services's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up IRIS Business Services's finances.
The net worth of a company is the difference between its assets and liabilities.
- IRIS Business Services's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- IRIS Business Services's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from IRIS Business Services Company Filings, last reported 6 months ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 258.17 | 114.91 | 78.82 |
| 2018-06-30 | 258.17 | 114.91 | 78.82 |
| 2018-03-31 | 301.09 | 159.17 | 83.51 |
| 2017-12-31 | 301.09 | 159.17 | 83.51 |
| 2017-09-30 | 135.70 | 170.39 | 21.56 |
| 2017-06-30 | 135.70 | 170.39 | 21.56 |
| 2017-03-31 | 189.95 | 175.42 | 3.04 |
| 2016-03-31 | 280.69 | 177.00 | 61.90 |
| 2015-03-31 | 352.60 | 90.11 | 25.78 |
| 2014-03-31 | 330.63 | 93.81 | 44.93 |
| 2013-03-31 | 240.35 | 151.08 | 97.47 |
- IRIS Business Services's level of debt (44.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (42.8% vs 44.5% today).
CASH RUNWAY ANALYSIS
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
- IRIS Business Services has sufficient cash runway for 1.2 years based on current free cash flow.
- IRIS Business Services has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 25.8% each year.
Financial health checks
We assess IRIS Business Services's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) IRIS Business Services has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
540735 Dividends
What is IRIS Business Services's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
₹2,000 of
IRIS Business Services
shares you are expected to receive
₹0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate IRIS Business Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate IRIS Business Services's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| India Software Industry Average Dividend Yield | Market Cap Weighted Average of 18 Stocks | 2.7% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1400 Stocks | 1.4% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.5% |
| India Top 25% Dividend Yield | 75th Percentile | 2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as IRIS Business Services has not reported any payouts.
- Unable to verify if IRIS Business Services's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess IRIS Business Services's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can IRIS Business Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) IRIS Business Services has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
540735 Management
CEO
| COMPENSATION | ₹3,000,000 |
| AGE | 56 |
| TENURE AS CEO | 4.2 years |
CEO Bio
Mr. Swaminathan Subramaniam also known as Swami co-founded IRIS Business Services Limited in 1994 and has been its Chief Executive Officer since February 07, 2015 and Whole Time Director since October 03, 2000. Mr. Swaminathan serves as the Chief Executive Officer of Iris Software, Inc. He served briefly as a Consultant to the World Bank in Washington DC before returning to India to first co-found a software company. He then went on to pursue a career in the media, serving in senior positions with India's leading financial daily, The Economic Times and later with the country's leading magazine, Business India. He is the Chairman of Bharatiya Vidya Bhavan's New Bombay chapter. He was closely involved in organizing the World Cup cricket tournaments. Mr. Swaminathan was an economist trained at Yale University, USA.
CEO Compensation
- Swami's compensation has increased whilst company is loss making.
- Swami's remuneration is higher than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the IRIS Business Services management team in years:
- The average tenure for the IRIS Business Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Swami Subramaniam
Co-Founder
₹3M
56
4.2 yrs
Balu Krishnan
Co-Founder
₹3M
55
25.3 yrs
Deepta Rangarajan
Co-Founder
₹3M
52
25.3 yrs
Jay Mistry
Company Secretary & Compliance Officer
₹1M
1.1 yrs
Pradip Dey
Head of Delivery
Gautam Mahanti
Head of GST Vertical & VP of Enterprise Reporting
Shilpa Dhobale
Chief Domain Expert & Head of XBRL Consulting Team
Arup Ganguly
Head of India Sales
Anand Padmanabhan
Head of International Sales
Rahul Dhamne
Head of Consulting & Principal of XBRL Consulting Team
Board of Directors Tenure
Average tenure and age of the IRIS Business Services board of directors in years:
- The average tenure for the IRIS Business Services board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Swami Subramaniam
Co-Founder
₹3M
56
18.5 yrs
Balu Krishnan
Co-Founder
₹3M
55
19.1 yrs
Deepta Rangarajan
Co-Founder
₹3M
52
19.1 yrs
Ashok Venkatramani
Non-Executive Independent Director
₹80K
54
1.5 yrs
Bhaswar Mukherjee
Non-Executive Independent Director
₹80K
65
1.5 yrs
Vinod Agarwala
Non-Executive Independent Director
₹80K
69
1.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess IRIS Business Services's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) IRIS Business Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
540735 Company Info
Description
IRIS Business Services Limited, together with its subsidiaries, provides software products, services, and solutions for compliance, data, and analytics worldwide. It operates through Collect, Create, and Consume segments. The company offers IRIS iDEAL, a regulatory reporting application for banks and financial institutions; IRIS iFILE, an end to end data filing platform for regulators; and IRIS CARBON, a cloud-based filing platform that helps companies and mutual funds to meet their enterprise reporting needs. It also provides IRIS Data Consumption Platform, a structured data repository that offers access to financial and non-financial data of public and private companies; and IRIS FATCA, a reporting application for banks and financial institutions. In addition, the company offers IRIS Noah, a solution for creating, validating, testing, extending, maintaining, viewing, and reviewing taxonomies; IRIS Bushchat, a processor for validating XBRL files; IRIS iReport, a XML reporting solution for financial entities to report their CTR, STR, NTR, CCR, and CBWT returns to Financial Intelligence Unit India; and IRIS GST, a cloud-based software application for GST and e-way bill compliance. Further, it offers XBRL conversion, consulting, and training services. It serves regulators, including central banks, business registries, capital market regulators, and stock exchanges; corporates, banks, and mutual funds; and BFSI organizations and governments. IRIS Business Services Limited was incorporated in 2000 and is headquartered in Navi Mumbai, India.
Details
| Name: | IRIS Business Services Limited |
| 540735 | |
| Exchange: | BSE |
| Founded: | 2000 |
| ₹538,056,117 | |
| 18,879,162 | |
| Website: | http://www.irisbusiness.com |
| Address: |
IRIS Business Services Limited T-231, Tower 2, 3rd Floor, Navi Mumbai, Maharashtra, 400703, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BSE | 540735 | Equity Shares | Mumbai Stock Exchange | IN | INR | 11. Oct 2017 |
Number of employees
Current staff
Industry
| Application Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/24 13:03 |
| End of day share price update: | 2019/04/23 00:00 |
| Last earnings filing: | 2018/11/03 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
