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Swing Capital

Iris Clothings Ltd

NSE: IRISDOREMETextile

IRIS Clothings Limited, incorporated in 1956, is engaged in designing, manufacturing, branding and selling garments for kids. [1]Iris Clothings Limited is a fast-growing readymade garment company and is engaged in designing, manufacturing, branding and selling garments for kids wear under the brand name DOREME in India. It produces a broad range of unique apparels for infants, toddlers and junior boys and girls.

₹35.3
52W: ₹26.4 — ₹39.5
PE 41.6 · Book ₹7.45 · +374% vs book
Market Cap₹673 Cr
Stock P/E41.6Price to Earnings
ROCE16%Return on Capital
ROE14.4%Return on Equity
Div. Yield0%Face Value ₹2

Strengths

  • +Company has reduced debt.
  • +Company is expected to give good quarter
  • +Company has delivered good profit growth of 19.9% CAGR over last 5 years

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company might be capitalizing the interest cost
  • −Promoter holding has decreased over last 3 years: -9.75%

Shareholding Pattern

Promoters61.17%
FIIs0%
DIIs0.79%
Public38.03%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters70.94%70.94%70.94%70.94%61.17%▼9.861.17%61.17%61.17%
FIIs0%0.04%▲0.00.02%▼0.00%▼0.00.02%▲0.00%▼0.00%0%
DIIs0%0%0%0%0.91%▲0.90.88%▼0.00.88%0.79%▼0.1
Public29.06%29.02%▼0.029.04%▲0.029.06%▲0.037.9%▲8.837.95%▲0.137.95%38.03%▲0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales23.4842.1231.4341.2633.3840.237.444.3248.6760.48
Expenses18.0835.0425.533.3327.3432.0932.1437.2942.6449.68
Operating Profit5.47.085.937.936.048.115.267.036.0310.8
OPM %23%16.81%18.87%19.22%18.09%20.17%14.06%15.86%12.39%17.86%
Net Profit1.993.492.423.842.374.482.634.123.016.43
EPS ₹0.10.180.130.20.120.240.140.220.160.34

AI Insights

Revenue Trend

Mar 2026 revenue at ₹191Cr, up 32.6% YoY. OPM at 15%.

Debt Position

Borrowings at ₹34Cr. Debt-to-equity ratio: 0.33x. Healthy balance sheet.

Capex Cycle

CWIP at ₹7Cr (21% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 0.79% (+0.79pp change). FIIs: 0% (+0.00pp change). Promoters hold 61.17%.

Margin & Efficiency

ROCE improving from 0% (Mar 2012) to 16% (Mar 2026). Working capital days: 207.

Valuation

PE 41.6x with 16% ROCE. Price is 374% above book value of ₹7.45. Dividend yield: 0%.

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