Iris Business Services Limited (IRIS) fair value: what the stock is really worth
We calculate from audited financials what Iris Business Services Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Watch Iris Business Services Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
58‑month range ₹67.15 – ₹575.00 · fair‑value band ₹356.69 – ₹623.45 · the ₹245.39 price screens below the ₹472.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
IRIS RegTech Solutions Limited, together with its subsidiaries, provides regulatory technology solutions in India, the Middle East, the Asia Pacific, Africa, the United States, Europe, and the United Kingdom. It operates through SupTech, RegTech, TaxTech, DataTech segments.
Show more
IRIS RegTech Solutions Limited, together with its subsidiaries, provides regulatory technology solutions in India, the Middle East, the Asia Pacific, Africa, the United States, Europe, and the United Kingdom. It operates through SupTech, RegTech, TaxTech, DataTech segments. The company offers IRIS iDEAL, a regulatory reporting solution for banks, credit institutions, and investment firms; IRIS CARBON, a SaaS platform to create comprehensive financial and non-financial reports in XBRL/iXBRL formats; IRIS GST Software, a filing solution with an ERP connector, reconciliation module, vendor management, and informative MIS and reports; and IRIS IRP, a connection solution for taxpayers. It also provides IRIS iFILE, an end-to-end electronic filing platform to collect, validate, and analyze any type of data from entities; IRIS E-Invoicing, an e-invoicing solution with integrated GST compliance and reconciliation; IRIS Zircon, that are APIs for GST, Eway bill, and e-invoicing for enterprises and partners; and IRI LMS, a DT and IDT litigation management tool to simplify GST audits and litigations for enterprises. In addition, the company offers IRIS iConnect, an XBRL analytics tool to evaluate and compare XBRL and iXBRL data using the familiar Microsoft Excel format; IRIS Credixo for banks and fintech to make credit analysis models; and IRIS Peridot, an app for GST counterparty verification. Further, it provides workflow-based e-filing software; tax technology solutions; taxonomy development and testing; and consulting and training services, as well as software licensing, subscription of software as a service, and application maintenance services. The company serves regulators, including central banks, business registries, capital market regulators, and stock exchanges, as well as corporates, banks, and mutual funds. The company was formerly known as IRIS Business Services Limited and changed its name to IRIS RegTech Solutions Limited in November 2025. IRIS RegTech Solutions Limited was incorporated in 2000 and is headquar
Stock analysis
Iris Business Services Limited (IRIS) currently trades at ₹245.39, while our model-based Fair Value estimate is ₹472.01, implying the stock looks roughly 48.0% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,485 per share, and 17 of the 23 models we run sit above the ₹245.39 price.
Bear case: the Economic Profit group reads lowest at ₹48.06, and 6 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹356.69 (bear) to ₹623.45 (bull), the price of ₹245.39 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Iris Business Services Limited 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. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹5.1B (≈ $53.5M) · P/E ratio 35.9 · P/S ratio 35.4 · EPS (TTM) ₹6.83 · Net margin 98.4% · Return on equity 10.2% · Return on assets (EBIT) 8.3% · Operating margin 12.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at 92%, IRIS screens cheaper than that median.
Fair Value models
Bear ₹356.69Fair Value ₹472.01Bull ₹623.45
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹3.13 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.6%
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.7%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
9.6% (2021) → 6.3% (2026)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−12.8%
Yearly growth needed for the next five years to justify today's price.
Compare Iris Business Services Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 696 stocks
Beats the industry median on 8/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside+29% · Top 25%
Profitability
Return on equity (TTM)10% · Above median
Return on assets3% · Above median
Net margin (TTM)98% · Top 25%
Operating margin (TTM)12% · Above median
Growth and dividend
Revenue growth13% · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Iris Business Services Limited Fair Value". https://www.fairvalue-calculator.com/stock/IRIS
Frequently asked questions
Is Iris Business Services Limited (IRIS) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of ₹472.01 versus a price of ₹245.39, about +92% upside (undervalued).
What is the fair value of IRIS?
Our model-based fair value for Iris Business Services Limited is ₹472.01 (as of Sep 13, 2026), built from audited fundamentals. The current price: ₹245.39.
What is the quality score of IRIS?
Iris Business Services Limited has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Iris Business Services Limited (IRIS)?
Our model-based price target is the fair value of ₹472.01 (as of Sep 13, 2026) from 23 valuation models. Cautious scenario ₹356.69, optimistic scenario ₹623.45. It is a calculation from audited fundamentals, not an analyst target.
What is the Iris Business Services Limited stock forecast for 2026?
Our models put fair value at ₹472.01, about +92% upside versus a price of ₹245.39 (undervalued). Cautious scenario ₹356.69, optimistic scenario ₹623.45. The calculation is refreshed regularly with new filings.
What is the revenue of Iris Business Services Limited (IRIS)?
Iris Business Services Limited reported trailing-twelve-month revenue of about ₹1.3B (latest available figure, as of Sep 13, 2026).
What growth is priced into Iris Business Services Limited (IRIS)?
For today's price to be fair in a discounted-cash-flow model, Iris Business Services Limited would have to grow free cash flow by -12.8 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.6 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of IRIS use?
Our models discount Iris Business Services Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.58, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Iris Business Services Limited that is -12.8 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Iris Business Services Limited (IRIS) delivered so far?
Over the past 5 years revenue at Iris Business Services Limited grew +17.6 % a year. The price currently implies -12.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Iris Business Services Limited (IRIS) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Iris Business Services Limited (-12.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Iris Business Services Limited (IRIS)?
The free-cash-flow yield on the price is 19.22 %: that much free cash flow Iris Business Services Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Iris Business Services Limited (IRIS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Iris Business Services Limited it is ₹472.01 per share (as of Sep 13, 2026), against a price of ₹245.39. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Iris Business Services Limited stock overvalued or undervalued in 2026?
As of Sep 13, 2026, IRIS trades below its calculated fair value: price ₹245.39, fair value ₹472.01, a gap of about +92% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IRIS?
No. The price is what the market pays today (₹245.39); the fair value is what the company's own numbers justify (₹472.01). For Iris Business Services Limited the two are ₹226.62 per share apart. That gap is exactly why we show both numbers side by side.
How much is Iris Business Services Limited worth?
The market values Iris Business Services Limited at about ₹5.1B (market capitalisation, as of Sep 13, 2026). Per share that is ₹245.39; our models calculate a fair value of ₹472.01 per share.
What do the bullish and bearish scenarios say about IRIS?
Our models span a range for Iris Business Services Limited: cautious scenario ₹356.69, base ₹472.01, optimistic ₹623.45 per share (as of Sep 13, 2026, price ₹245.39). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IRIS?
Iris Business Services Limited trades at a price-to-earnings ratio of 35.9 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹472.01 is built from several models across several years.
How solid is the balance sheet of Iris Business Services Limited (IRIS)?
Balance-sheet figures for Iris Business Services Limited (as of Sep 13, 2026): return on equity 10.2%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is IRIS from its 52-week high?
Iris Business Services Limited trades at ₹245.39, about 43% below its 52-week high of ₹426.95 and 21% above the low of ₹203.00 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ₹472.01 is for.
Which stocks are comparable to Iris Business Services Limited?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Iris Business Services Limited stock attractive at the current price?
The data as of Sep 13, 2026: price ₹245.39, calculated fair value ₹472.01 (+92%), Quality Score 62/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IRIS calculated?
We run Iris Business Services Limited through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹472.01, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. Iris Business Services Limited currently trades 92 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with Iris Business Services Limited right now?
The price is below even our cautious bear case (₹356.69). The market is more pessimistic than our downside scenario. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Iris Business Services Limited
How large is the market capitalisation of Iris Business Services Limited (IRIS)?
The market capitalisation of Iris Business Services Limited is ₹5.1B (≈ $53.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Iris Business Services Limited (IRIS)?
The price-to-sales ratio of Iris Business Services Limited is 35.4 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Iris Business Services Limited (IRIS)?
Earnings per share at Iris Business Services Limited are ₹6.83 (price ÷ EPS = P/E 35.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Iris Business Services Limited (IRIS)?
The net margin of Iris Business Services Limited is 98.4% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Iris Business Services Limited (IRIS)?
The return on equity (ROE) of Iris Business Services Limited is 10.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Iris Business Services Limited (IRIS)?
On an EBIT basis the return on assets of Iris Business Services Limited is 8.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Iris Business Services Limited (IRIS)?
The operating margin of Iris Business Services Limited is 12.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Iris Business Services Limited (IRIS)?
Revenue at Iris Business Services Limited is growing +13.0% versus a year earlier (3y avg +20.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Iris Business Services Limited (IRIS)?
Earnings per share at Iris Business Services Limited are growing +47.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Iris Business Services Limited (IRIS) hold?
Iris Business Services Limited holds more cash than debt, ₹437M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Iris Business Services Limited in the live analysis
One click puts Iris Business Services Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
