BSE:540735

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IRIS Business Services

Executive Summary

IRIS Business Services Limited, together with its subsidiaries, provides software products, services, and solutions for compliance, data, and analytics in the United States, Canada, Europe, the Asia Pacific, India, the Middle East, Africa, and internationally. More Details


Snowflake Analysis

Acceptable track record with imperfect balance sheet.


Similar Companies

Share Price & News

How has IRIS Business Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 540735's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.7%

540735

5.4%

IN Software

1.3%

IN Market


1 Year Return

42.5%

540735

18.2%

IN Software

4.3%

IN Market

Return vs Industry: 540735 exceeded the Indian Software industry which returned 22.6% over the past year.

Return vs Market: 540735 exceeded the Indian Market which returned 9.5% over the past year.


Shareholder returns

540735IndustryMarket
7 Day1.7%5.4%1.3%
30 Day18.1%8.3%1.8%
90 Day94.8%46.7%13.8%
1 Year42.5%42.5%23.6%18.2%6.3%4.3%
3 Yearn/a15.8%4.8%4.4%-0.5%
5 Yearn/a13.0%-2.5%46.0%35.1%

Price Volatility Vs. Market

How volatile is IRIS Business Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is IRIS Business Services undervalued compared to its fair value and its price relative to the market?

121.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 540735 (₹30) is trading above our estimate of fair value (₹5.65)

Significantly Below Fair Value: 540735 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 540735 is poor value based on its PE Ratio (121.5x) compared to the IN Software industry average (13.5x).

PE vs Market: 540735 is poor value based on its PE Ratio (121.5x) compared to the Indian market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 540735's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 540735 is overvalued based on its PB Ratio (2.3x) compared to the IN Software industry average (1.3x).


Next Steps

Future Growth

How is IRIS Business Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.2%

Forecasted Software industry annual growth in earnings


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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has IRIS Business Services performed over the past 5 years?

9.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 540735 has high quality earnings.

Growing Profit Margin: 540735 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 540735 has become profitable over the past 5 years, growing earnings by 9.8% per year.

Accelerating Growth: 540735 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 540735 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (-2%).


Return on Equity

High ROE: 540735's Return on Equity (1.9%) is considered low.


Next Steps

Financial Health

How is IRIS Business Services's financial position?


Financial Position Analysis

Short Term Liabilities: 540735's short term assets (₹359.7M) exceed its short term liabilities (₹320.8M).

Long Term Liabilities: 540735's short term assets (₹359.7M) exceed its long term liabilities (₹65.2M).


Debt to Equity History and Analysis

Debt Level: 540735's debt to equity ratio (44.8%) is considered high.

Reducing Debt: 540735's debt to equity ratio has increased from 25.7% to 44.8% over the past 5 years.

Debt Coverage: 540735's debt is not well covered by operating cash flow (15.6%).

Interest Coverage: 540735's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Next Steps

Dividend

What is IRIS Business Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 540735's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 540735's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 540735's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 540735's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 540735's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

16.1yrs

Average management tenure


CEO

Swami Subramaniam (58 yo)

5.58yrs

Tenure

₹3,000,000

Compensation

Mr. Swaminathan Subramaniam, also known as Swami, co-founded IRIS Business Services Limited in 1994 and has been its Chief Executive Officer since February 7, 2015 and Whole Time Director since October 3, ...


CEO Compensation Analysis

Compensation vs Market: Swami's total compensation ($USD40.79K) is about average for companies of similar size in the Indian market ($USD48.91K).

Compensation vs Earnings: Swami's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Swaminathan Subramaniam
Co-Founder5.58yrs₹3.00m25.28%
₹ 143.2m
Balachandran Krishnan
Co-Founder20.5yrs₹3.00m5.85%
₹ 33.1m
Deepta Rangarajan
Co-Founder20.5yrs₹3.00m7.66%
₹ 43.4m
Jay Mistry
Company Secretary & Compliance Officer2.5yrs₹1.23mno data
Arup Ganguly
Head of Salesno datano datano data
Pradip Dey
Head of Deliveryno datano datano data
Gautam Mahanti
Head of GST Vertical & VP of Enterprise Reportingno datano datano data
Shilpa Dhobale
Chief Domain Expert & Head of XBRL Consulting Teamno datano datano data
Rahul Dhamne
Head of Consulting & Principal of XBRL Consulting Teamno datano datano data

16.1yrs

Average Tenure

57yo

Average Age

Experienced Management: 540735's management team is seasoned and experienced (16.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Swaminathan Subramaniam
Co-Founder5.58yrs₹3.00m25.28%
₹ 143.2m
Balachandran Krishnan
Co-Founder20.5yrs₹3.00m5.85%
₹ 33.1m
Deepta Rangarajan
Co-Founder20.5yrs₹3.00m7.66%
₹ 43.4m
Ashok Venkatramani
Non-Executive Independent Director2.92yrs₹195.00kno data
Vinod Agarwala
Independent Chairmanno data₹220.00kno data
Bhaswar Mukherjee
Non-Executive Independent Director2.92yrs₹270.00kno data

19.9yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 540735's board of directors are seasoned and experienced ( 19.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

IRIS Business Services Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IRIS Business Services Limited
  • Ticker: 540735
  • Exchange: BSE
  • Founded: 2000
  • Industry: Application Software
  • Sector: Software
  • Market Cap: ₹566.375m
  • Shares outstanding: 18.88m
  • Website: https://www.irisbusiness.com

Number of Employees


Location

  • IRIS Business Services Limited
  • T-231, Tower 2
  • 3rd Floor
  • Navi Mumbai
  • Maharashtra
  • 400703
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540735BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2017

Biography

IRIS Business Services Limited, together with its subsidiaries, provides software products, services, and solutions for compliance, data, and analytics in the United States, Canada, Europe, the Asia Pacifi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/18 19:22
End of Day Share Price2020/09/16 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.