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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Iris Clothings Ltd

About the Company - Iris Clothings Ltd

IRIS Clothings Ltd. is a Public Limited Listed company incorporated on 27/08/2011 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L18109WB2011PLC166895 and registration number is 166895. Currently Company is involved in the business activities of Manufacture of all types of textile garments and clothing accessories. Company’s Total Operating Revenue is Rs. 111.52 Cr. and Equity Capital is Rs. 16.31 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Readymade ApparelsNo. 103/24/1, Foreshore Road, Howrah West Bengal 711102info@irisclothings.in
http://www.irisclothings.in
Management
NamePosition Held
Mr. Santosh LadhaManaging Director
Mrs. Geeta LadhaWhole Time Director
Mr. Baldev Das LadhaNon Executive Director
Mr. Nikhil SarafIndependent Director
Mr. Manoj TulsyanIndependent Director
Mrs. Vranda Manish RathiIndependent Director

IRIS Clothings Ltd. Share Price Update

Share PriceValue
Today₹82.35
Previous Day₹84.55

Basic Stock Data of Iris Clothings Ltd

Market Cap 650 Cr.
Current Price 79.6
High / Low111/60.0
Stock P/E59.3
Book Value 7.82
Dividend Yield0.00 %
ROCE16.4 %
ROE15.6 %
Face Value 2.00

Data Source: screener.in

Iris Clothings Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales24.3828.1529.7219.3934.3525.0432.7423.2931.7620.3537.5924.1632.16
Expenses18.5123.4024.4115.1827.6319.8427.5619.0625.0317.1732.3317.8224.63
Operating Profit5.874.755.314.216.725.205.184.236.733.185.266.347.53
OPM %24.08%16.87%17.87%21.71%19.56%20.77%15.82%18.16%21.19%15.63%13.99%26.24%23.41%
Other Income0.250.020.020.180.020.030.030.020.030.020.030.020.03
Interest0.870.690.570.620.590.570.610.610.710.750.930.831.03
Depreciation1.311.341.351.351.441.451.361.311.321.371.301.401.48
Profit before tax3.942.743.412.424.713.213.242.334.731.083.064.135.05
Tax %19.80%27.37%38.71%25.62%25.90%25.86%23.46%25.32%26.22%26.85%27.12%25.42%27.52%
Net Profit3.161.992.091.803.492.382.481.753.490.792.233.083.66
EPS in Rs0.390.240.260.220.430.290.300.210.430.100.270.380.45

Iris Clothings Ltd Quarterly Chart

Iris Clothings Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales0182553626087110112114
Expenses0172144504770899292
Operating Profit0139111417211922
OPM %6%13%17%18%23%19%19%17%20%
Other Income0000000000
Interest0022233234
Depreciation0012255656
Profit before tax0115769141113
Tax %30%30%30%29%29%26%25%26%
Net Profit011354710810
EPS in Rs0.000.120.140.670.620.480.801.241.011.20
Dividend Payout %0%0%0%0%0%0%0%0%

Iris Clothings Ltd Profit & Loss Yearly Chart

Iris Clothings Ltd Growth

Compounded Sales Growth
10 Years:20%
5 Years:16%
3 Years:23%
TTM:9%
Compounded Profit Growth
10 Years:31%
5 Years:20%
3 Years:28%
TTM:29%
Stock Price CAGR
10 Years:%
5 Years:66%
3 Years:92%
1 Year:37%
Return on Equity
10 Years:%
5 Years:19%
3 Years:19%
Last Year:16%

Iris Clothings Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital03335516161616
Reserves0117242823324147
Borrowings0121722213427333543
Other Liabilities0589121610121721
Total Liabilities020294162827694109127
Fixed Assets07615143431312728
CWIP00001000000
Investments0000000000
Other Assets0142326374745638299
Total Assets020294162827694109127

Iris Clothings Ltd Reserves and Borrowings Chart

Iris Clothings Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 00315912
Cash from Investing Activity 00-6-12-7-2-4-2
Cash from Financing Activity 002112-74-0
Net Cash Flow00-0-0-00-0-0

Iris Clothings Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days69797357706279102
Inventory Days201324151289445189213266
Days Payable7416388131209636899
Cash Conversion Cycle195240136215306189224269
Working Capital Days108149107127162135156202
ROCE %12%14%22%15%18%22%16%

Iris Clothings Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund

Iris Clothings Ltd ROCE Trend

Iris Clothings Ltd EPS Trend

Iris Clothings Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)5.066.224.008.4513.05
Diluted EPS (Rs.)5.066.224.008.4513.05
Cash EPS (Rs.)8.319.657.2619.2015.86
Book Value[Excl.RevalReserv]/Share (Rs.)34.9129.8423.8069.0061.32
Book Value[Incl.RevalReserv]/Share (Rs.)34.9129.8423.8069.0061.32
Revenue From Operations / Share (Rs.)69.2768.3653.88130.32133.11
PBDIT / Share (Rs.)11.9613.2210.5129.6524.23
PBIT / Share (Rs.)8.719.787.2518.9119.14
PBT / Share (Rs.)6.878.325.4011.9115.11
Net Profit / Share (Rs.)5.066.224.008.4510.77
PBDIT Margin (%)17.2619.3319.5022.7518.20
PBIT Margin (%)12.5614.3113.4514.5014.38
PBT Margin (%)9.9112.1710.039.1311.35
Net Profit Margin (%)7.309.097.436.488.08
Return on Networth / Equity (%)14.5020.8316.8212.2517.55
Return on Capital Employeed (%)22.6228.8525.9320.2027.41
Return On Assets (%)7.5510.818.604.827.69
Long Term Debt / Equity (X)0.000.130.170.130.13
Total Debt / Equity (X)0.500.650.700.760.70
Asset Turnover Ratio (%)1.111.311.120.821.17
Current Ratio (X)1.731.581.431.231.23
Quick Ratio (X)0.760.700.590.410.51
Inventory Turnover Ratio (X)1.331.961.501.102.04
Interest Coverage Ratio (X)6.519.045.694.246.01
Interest Coverage Ratio (Post Tax) (X)3.755.253.172.213.67
Enterprise Value (Cr.)544.66352.65171.8887.6379.97
EV / Net Operating Revenue (X)4.823.161.961.441.29
EV / EBITDA (X)27.9216.3610.036.347.08
MarketCap / Net Operating Revenue (X)4.582.891.661.070.99
Price / BV (X)9.096.613.762.032.17
Price / Net Operating Revenue (X)4.582.891.661.070.99
EarningsYield0.010.030.040.060.08

Iris Clothings Ltd Profitability Ratios (%)

Iris Clothings Ltd Liquidity Ratios

Iris Clothings Ltd Liquidity Ratios (%)

Iris Clothings Ltd Interest Coverage Ratios (%)

Iris Clothings Ltd Valuation Ratios

Fair Value of Iris Clothings Ltd Stock

Fair Value: ₹73.79

The stock is overvalued by 7.30% compared to the current price ₹79.6

*Investments are subject to market risks

Strength and Weakness of Iris Clothings Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (64.10 cr) and profit (6.70 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 12.76 and average Dividend Yield of 10.52%.
  2. The stock has a low average ROCE of 13.22%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 127.33, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 197.11, which may not be favorable.
  5. The company has higher borrowings (24.40) compared to reserves (20.40), which may suggest financial risk.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Iris Clothings Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE