Iris Clothings
- Market cap
- ₹ 1,016 Cr.
- P/E
- 58.1x
- P/B
- 7.66x
- 52-week range
- 26.35 – 68
- ROE
- 14%
- ROCE
- 16%
- Dividend yield
- 0%
- Debt / equity
- 0.24
- Sector
- Textiles & Apparels
- Industry
- Garments & Apparels
- Listed on
- NSE
About
Iris Clothings Limited is an India-based kids apparel company that is engaged in designing, manufacturing, branding and selling garments for kids wear. The Company's products are sold under its brand, DOREME. DOREME offers a range of apparel for infants, toddlers, and junior boys and girls that suit both their indoor and outdoor requirements. This includes tops, t-shirts, trousers, shorts, dresses, polyfil suits, loungewear/nightwear, sweatshirts, hoodies, padded suits, and accessories, among others. Its brand has a presence in approximately 26 states across India with Maharashtra, Rajasthan, Gujarat, and National Capital Region (NCR) being its key markets. The Company has a presence in the offline market, and also has a direct to consumer (D2C) Website, www.doreme.in. The Company has tie-ups with over 140 distributors who are selling its garments. It has approximately seven manufacturing facilities with two facilities for warehousing and sales.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Garments & Apparels: 62 companies →Iris Clothings against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)58.1 against a typical 18.7: pricier than most peers (1st = cheapest).55th of 62
- Sales growth+26.3% against a typical +8.8% from a year earlier.11th of 46
- Profit growth+52.5% against a typical +4.1% from a year earlier.8th of 41
- Share price, 3 months+13.5% against a typical −5.7%.12th of 56
- Size₹ 1,016.4 Cr. market value against a typical ₹ 152.5 Cr. (1st = largest).12th of 58
Latest announcements
Exchange filings and their impact on the company.
- Strong H1 with 34% revenue and profit growth plus Rs 57 cr Infinia acquisition in progress.
Iris Clothings reported Q2 FY27 revenue of Rs 62.16 cr, up 40% YoY, and PAT of Rs 5.08 cr, up 23% YoY; H1 revenue was Rs 109.4 cr and PAT Rs 9.09 cr, both up about 34-35% YoY. The company also disclosed it is in process to buy a 51% stake in Infinia Lifestyle for Rs 57.12 cr, via 77 lakh shares at Rs 41.67 and Rs 25 cr cash, already advanced. Borrowings rose to Rs 42.12 cr and operating cash flow was negative Rs 16.13 cr on higher inventory.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB- by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil BBB-/Watch Developing | Watch: Developing | 15 Oct 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 15 Oct 2026 | Reaffirmed | Crisil BBB-/Watch Developing | — | CRISIL | ₹ 50 Cr. | |
| 17 Jul 2026 | Reaffirmed | Crisil BBB- → Crisil BBB-/Watch Developing | — | CRISIL | ₹ 40 Cr. | |
| 10 Nov 2025 | Reaffirmed | Crisil BBB- | — | CRISIL | ₹ 40 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 27 Oct 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2026 and other business matters |
| 27 Jul 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 8 Jul 2026 | Other business matters | Iris Clothings Ltd has informed NSE that the meeting of the Board of Directors of the Company is scheduled on Wednesday, July 8, 2026, inter alia, to consider and approve issuance of equity shares of the Company by way of a preferential issue. |
| 11 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 2 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 5 Jan 2026 | Other business matters | To consider other business matters |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32 | 23 | 42 | 31 | 41 | 33 | 40 | 37 | 44 | 49 | 60 | 47 |
| Expenses | 25 | 18 | 35 | 26 | 33 | 27 | 32 | 32 | 37 | 43 | 50 | 39 |
| Operating Profit | 8 | 5 | 7 | 6 | 8 | 6 | 8 | 5 | 7 | 6 | 11 | 8 |
| OPM % | 23.4% | 23% | 16.8% | 18.9% | 19.2% | 18.1% | 20.2% | 14.1% | 15.9% | 12.4% | 17.9% | 17% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 5 | 3 | 5 | 3 | 5 | 3 | 6 | 4 | 5 | 4 | 9 | 5 |
| Tax % | 27.5% | 28.7% | 23.1% | 26.2% | 26.6% | 25.2% | 26.8% | 27.6% | 24.5% | 27.4% | 27.4% | 25.5% |
| Net Profit | 4 | 2 | 3 | 2 | 4 | 2 | 4 | 3 | 4 | 3 | 6 | 4 |
| EPS in Rs | 0.19 | 0.1 | 0.18 | 0.13 | 0.2 | 0.12 | 0.24 | 0.14 | 0.22 | 0.16 | 0.34 | 0.21 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 17%
- 3 Years
- 20%
- TTM
- 32%
- 10 Years
- —
- 5 Years
- 20%
- 3 Years
- 25%
- TTM
- 32%
- 10 Years
- —
- 5 Years
- 28%
- 3 Years
- 17%
- TTM
- —
- 10 Years
- —
- 5 Years
- 17%
- 3 Years
- 17%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Iris Clothings | ₹ 56.01 | ₹ 1,016 Cr. | 58.1x | 7.7x | 14% | — |
| Page Industries | ₹ 33,830.00 | ₹ 37,734 Cr. | 56.1x | 29.6x | 52.5% | 14.6% |
| Vardhman Textiles | ₹ 495.85 | ₹ 14,343 Cr. | 23.5x | 1.8x | 7.3% | 7.6% |
| Indo Count Industries | ₹ 390.35 | ₹ 7,721 Cr. | 57.5x | 3.3x | 5.4% | 3% |
| Alok Industries | ₹ 8.10 | ₹ 4,022 Cr. | — | — | — | −20% |
| Gokaldas Exports | ₹ 673.70 | ₹ 4,937 Cr. | 63.1x | 2.8x | 4.7% | 2.5% |
Management
- Niraj Agarwal
- Chief Financial Officer
- Sweta Agarwal
- Compliance Officer, Company Secretary
- Santosh Ladha
- Managing Director, Executive Director
- Geeta Ladha
- Whole-Time Director
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