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IRIS (IRIS) Fair Value & Analysis

Technology · Market cap ₹5.5B

I IRIS IRIS · NSE
Price₹267.15
Fair Value₹156.19
Upside-41.5%
Quality55/100
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Evidence: High Range ₹117.14 – ₹195.23

Fair value as of: Jul 3, 2026

From 23 valuation models · updated today

Share price +1.8% over the past month.

Price vs Fair Value (12 months)

₹412.85 ₹210.91 Fair Value ₹156.19 Jul 2025 Jul 2026

12‑month range ₹210.91 – ₹412.85 · fair‑value band ₹117.14 – ₹195.23 · the ₹267.15 price screens above the ₹156.19 fair value. As of Jul 3, 2026.

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Analysis

IRIS (IRIS) currently trades at ₹267.15, while our model-based Fair Value estimate is ₹156.19 — implying the stock looks roughly 41.5% overvalued today. We read business quality at 55/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, IRIS generated revenue of ₹1.3B at a net margin of 98.4%. Revenue grew 13.0% year over year. It earns a return on equity of 10.2%. The balance sheet holds a net cash position of ₹437M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹1.3B
Revenue growth (YoY) +13.0%
Net margin 98.4%
Return on equity 10.2%
Free cash flow ₹979M FY2026
P/E ratio 39.1
More key figures
Operating margin 12.3%
EPS (TTM) ₹6.83
EPS growth (YoY) +47.3%
Net cash ₹437M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

IRIS reported revenue of ₹1.3B in FY2026 versus ₹613M in FY2022, a compound +20.3%/yr. Reported net income was ₹1.3B in FY2026, compounding +235.5%/yr from FY2022.

Revenue +20.3%/yr
FY22 ₹613M
FY23 ₹736M
FY24 ₹1.0B
FY25 ₹1.3B
FY26 ₹1.3B
Net income +235.5%/yr
FY22 ₹10.0M
FY23 ₹42.7M
FY24 ₹86.9M
FY25 ₹130M
FY26 ₹1.3B

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6 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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Frequently asked questions

Is IRIS (IRIS) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹156.19 versus a price of ₹267.15 — about −42% (overvalued). Model-based estimate, not financial advice.
What is the fair value of IRIS?
Our model-based fair value for IRIS is ₹156.19 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹267.15.
What is the quality score of IRIS?
IRIS has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of IRIS (IRIS)?
IRIS reported trailing-twelve-month revenue of about ₹1.3B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of IRIS?
The net profit margin of IRIS is about 98.4%, meaning it keeps roughly 98.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.