Arthneeti

IRIS Regtech Solutions Q4 FY26 Share Price & Earnings Call Analysis

₹200.67+0.22% today
Market cap
₹412 Cr
P/E
32.14
ROE
89.51%
PEG
0.15
Price to sales
3.03
Debt to equity
0.01
52W high / low
₹376 / ₹198
Sales growth (5Y)
17.59%
EBITDA margin
6.19%
Net profit margin
96.30%
Promoter holding
34.63%
Sales (last year)
₹136 Cr

Incorporated in 2000, IRIS Regtech Solutions Ltd offers Regtech solutions to regulators and enterprises.[1]

Guidance scorecard · Q4 FY26 call

What IRIS Regtech Solutions Ltd's management guided
and where it ranks in IT - Software

#12of 38 in
IT - Software
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ4 FY26 call

20–40%
  • IRIS RegTech targets over 30% CAGR growth over the next 4-5 years aiming for INR 500 crores revenue.
  • SaaS business aims for an ARR growth rate of approximately 35%.
  • SupTech business expected to grow at a lower but steady rate, with possibilities of occasional large revenue wins.
  • Enterprise product segment (IRIS CARBON) targets about 35% growth, focusing on financial and ESG reporting.
  • Expansion into adjacent SaaS markets like capital market and energy reporting is being explored.
  • Geographic focus on developed markets such as the U.S. and Europe initially, then expanding further.
  • Plans to deepen presence in African and Middle Eastern markets, particularly for BFSI regulatory reporting.

2 more points from IRIS Regtech Solutions Ltd's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Flat

See what IRIS Regtech Solutions Ltd said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned
  • IRIS RegTech Solutions Limited plans to pursue organic growth vigorously, focusing on increasing investments in sales, marketing, and product enhancements.
  • They are deploying excess funds particularly in IRIS CARBON's sales and marketing in a calibrated manner aiming for 33-35% ARR growth.
  • The company remains open to inorganic opportunities (acquisitions) but will be disciplined due to current market volatility.
  • They are aggressively enhancing their AI offerings as part of product development.
  • Marketing spend is expected to be slightly higher than current levels but balanced to remain EBITDA positive, avoiding indiscriminate spending.
  • There is a plan to hire more staff, especially in developed markets (sales and marketing) to deepen market presence.

2 more points from IRIS Regtech Solutions Ltd's call on capex

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Full Q4 FY26 analysis

FundraisingQ4 FY26 call

See what IRIS Regtech Solutions Ltd said on fundraising — free account, 30 seconds.

Full Q4 FY26 analysis

Order bookQ4 FY26 call

  • SupTech side usually wins 3 to 4 deals annually; current situation calls for watchfulness but no immediate worry.
  • Middle East crisis may cause potential delays in SupTech pipeline but no direct impact observed yet.
  • SaaS (enterprise) business primarily focused on developed markets such as US and Europe, expanding regional presence with active sales and marketing hires planned.
  • Regulatory digitalization push from many regulators may accelerate SupTech opportunities, though lumpy revenues likely.

2 more points from IRIS Regtech Solutions Ltd's call on the order book

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Full Q4 FY26 analysis
Full IT - Software ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Software
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. CapitalNumbersGood growth
    3
See all potential multibaggersWhere does IRIS Regtech Solutions Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Software companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹569 Cr34.7
240%+Flat₹336 Cr7.3
3CapitalNumbers20–40%Up 2%+₹181 Cr9.2
420–40%Up 2%+₹159 Cr11.5
520–40%Up 0–2%₹1,826 Cr28.5
620–40%Flat₹4,341 Cr84.7

Sign up free to see every company in the sector ranking and track IRIS Regtech Solutions Ltd.

Pro shows every company guiding 40%+ revenue growth →Full IT - Software ranking

Financials of IRIS Regtech Solutions Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of IRIS Regtech Solutions Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +20.5620.6323.9727.3430.3527.6526.9132.8329.7425.1928.5635.5939.15
Expenses +17.7118.1921.1123.8323.9423.9022.1827.6324.2324.9428.4230.9933.80
Operating Profit2.852.442.863.516.413.754.735.205.510.250.144.605.35
OPM %13.86%11.83%11.93%12.84%21.12%13.56%17.58%15.84%18.53%0.99%0.49%12.92%13.67%
Other Income +0.540.100.200.100.250.530.810.490.321.05117.553.28-0.04
Interest0.290.240.260.290.360.180.220.190.200.160.080.210.11
Depreciation1.161.141.151.240.980.470.370.520.450.500.510.540.54
Profit before tax1.941.161.652.085.323.634.954.985.180.64117.107.134.66
Tax %18.56%19.83%16.97%14.90%11.28%20.39%21.41%27.91%44.40%65.62%0.22%25.53%10.94%
Net Profit +1.580.931.371.764.732.893.893.592.880.23116.855.314.15
EPS in Rs0.820.480.690.892.431.461.931.771.370.0956.842.582.02

Financials of IRIS Regtech Solutions Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +553227354051576174102126128
Expenses +46373235414346546487107118
Operating Profit8-5-50-1811710151910
OPM %15%-16%-19%1%-2%15%20%12%13%15%15%8%
Other Income +25-011101113122
Interest122222211111
Depreciation655446655522
Profit before tax3-7-12-6-514251019130
Tax %-1%12%-13%-8%14%15%-14%39%18%14%29%2%
Net Profit +3-8-11-5-60414913127
EPS in Rs4.27-10.85-15.28-2.74-3.240.252.190.522.214.496.3461.50
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of IRIS Regtech Solutions Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital777191919191919192121
Reserves282112115678122255180
Borrowings +91818161311676642
Other Liabilities +191723272622262633294550
Total Liabilities63636073635758607077125253
Fixed Assets +221720193327221714131724
CWIP820181700002340
Investments00000000002160
Other Assets +3325223731303643556183169
Total Assets63636073635758607077125253

Financials of IRIS Regtech Solutions Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +884-31212-061228105
Cash from Investing Activity +-7-11-5-3-0-0-3-0-2-5-27-119
Cash from Financing Activity +-47-411-4-3-40-2-117-3
Net Cash Flow-24-65-3-24-02618-17
Free Cash Flow87-2-60111-2382197
CFO/OP124%-177%-60%-721%-251%48%111%-18%74%78%164%1,304%

Financials of IRIS Regtech Solutions Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days75641031391091258493123808678
Inventory Days
Days Payable
Cash Conversion Cycle75641031391091258493123808678
Working Capital Days6744-122-70-6716-238625213202
ROCE %10%-16%-23%-9%-9%6%16%8%17%27%30%13%

Guidance history

How IRIS Regtech Solutions Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY26 call →20–40%FlatPlanned——
Q2 FY26 call →20–40%FlatPlanned——
Q4 FY25 call →20–40%FlatPlanned——
Q2 FY25 call →20–40%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

Continue your research

What IRIS Regtech Solutions Ltd's management said in earlier quarters

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