Iris Clothings Limited (IRISDOREME.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-69.4%

₹16.79

vs ₹54.94 price

Levered DCF

-₹19.04

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

8.8

Safe zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	35.62×	27.69×	37.29×	45.73×	23.4×	16.45×	12.25×	8.13×
P/B	4.07×	4.44×	6.58×	6.68×	4.86×	2.76×	1.49×	1.44×
P/S	3.02×	2.5×	3.74×	3.37×	2.15×	1.23×	0.79×	0.64×
EV / EBITDA	20.72×	14.82×	18.9×	21.3×	12.5×	7.85×	5.9×	5.53×
Gross margin	24.6%	47.6%	22.8%	45.4%	43.4%	40.5%	52.0%	47.5%
Operating margin	12.8%	30.9%	16.8%	12.6%	14.4%	13.3%	14.2%	13.6%
Net margin	8.5%	9.0%	10.0%	7.3%	9.2%	7.5%	6.5%	7.8%
Current ratio	3.19×	2.01×	1.86×	1.73×	1.58×	1.43×	1.23×	1.23×
Debt / equity	0.24×	0.61×	0.64×	0.62×	0.67×	0.71×	1.04×	0.74×
Interest coverage	9.17×	10.77×	5.32×	4.76×	6.64×	3.84×	2.66×	4.64×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.4%	15.9%	17.7%	14.5%	20.8%	16.8%	12.3%	17.6%
Return on invested capital	10.2%	25.1%	13.3%	11.4%	14.5%	13.0%	9.3%	12.5%
Return on assets	7.9%	8.4%	9.2%	7.6%	10.8%	8.6%	4.8%	7.7%
Free cash flow yield	-4.5%	0.5%	-0.2%	-0.2%	-1.6%	6.0%	-3.7%	-26.2%
Earnings yield	2.8%	3.6%	2.7%	2.2%	4.3%	6.1%	8.2%	12.2%
Enterprise value	₹6.1B	₹4.2B	₹5B	₹4.2B	₹2.7B	₹1.3B	₹815.1M	₹622.2M
Net debt / EBITDA	1.13×	1.77×	1.67×	1.8×	1.52×	1.59×	2.43×	1.88×
Cash conversion cycle (days)	269	353	373	269	213	182	281	203