Iris Clothings Limited, incorporated in 1956, is a fast-growing readymade garment company focused on designing, manufacturing, branding, and selling garments for kids under the brand name DOREME in India. It produces a broad range of unique apparels for infants, toddlers, and junior boys and girls.
The company engages in the designing, manufacturing, branding, and sale of readymade garments, offering summer wear, winter wear, sportswear, and swimwear. Its product range includes tops, t-shirts, pyjamas, loungewear/nightwear sets, trousers, shorts, dresses, polyfil suits, sweatshirts, hoodies, joggers, and dryfit apparel. Additionally, it offers accessories such as bags and bottles for infants, toddlers, boys, girls, women, and men under the DOREME and Oxcgen brand names.
Iris Clothings operates with integrated operations from design conceptualization to manufacturing, boasting 9 state-of-the-art facilities in Howrah, West Bengal. These facilities include fully automated plants equipped with sophisticated imported machines, ensuring best quality production. The company has deep relationships with suppliers, leading to the availability of quality raw materials at competitive costs.
The company has a significant presence across 26 states in India, with over 100 distributors. It sells its products through exclusive brand outlets and an extensive distributor network. Iris Clothings also maintains an online presence on several platforms, including FirstCry and Hopscotch.
Beyond its strong domestic footprint, Iris Clothings is actively expanding its international presence. The company currently exports its products to Nepal, Portugal, Mozambique, Zambia, and Saudi Arabia. It is further growing its customer base in Africa, including countries like Nigeria and Mozambique, reflecting its commitment to becoming a global player in kids' apparel.
Iris Clothings Ltd has demonstrated strong financial performance, with a market capitalization of ₹668 Crore as of July 4, 2025.
- FY 2025 Performance:
- Sales: Rose 19.97% to ₹146.27 crore (from ₹121.92 crore in FY2024).
- Net Profit: Rose 7.45% to ₹13.12 crore (from ₹12.21 crore in FY2024).
- Q4 FY 2025 Results:
- Sales: Declined 4.56% to ₹40.20 crore (from ₹42.12 crore in Q4 FY2024).
- Net Profit: Rose 28.37% to ₹4.48 crore (from ₹3.49 crore in Q4 FY2024).
- Q3 FY 2025 Results:
- Sales: Rose 42.16% to ₹33.38 crore (from ₹23.48 crore in Q3 FY2024).
- Net Profit: Rose 19.10% to ₹2.37 crore (from ₹1.99 crore in Q3 FY2024).
- Market Capitalization: ₹668 crore (as of July 4, 2025)
- P/B Ratio: 6.42 times (as of July 4, 2025) – a 44% premium to peers' median (4.46 times).
- P/E Ratio: 50.89 times (as of July 4, 2025) – a 26% premium to peers' median (40.27 times).
- Promoter Holding: 70.94% (as of March 2025), with no promoter pledging.
The company is led by Mr. Santosh Kumar Ladha, who serves as both the Chairman and Managing Director. Promoter holding in Iris Clothings Ltd has remained stable at 70.94% as of March 2025. There is no promoter pledging, indicating strong confidence in the company's financial health.
As per Value Research classification, Iris Clothings Ltd is categorized as a Small Cap company within the Consumer Discretionary sector, specifically the Retail - Apparel sub-sector. The stock has delivered a return of 23.78% over the last 3 years.
Iris Clothings has undertaken significant corporate actions to reward shareholders and fuel growth:
- Bonus Share Issue: The company fixed July 4, 2025, as the record date for a 1:1 bonus share issue.
- Rights Issue: The Board of Directors, at its meeting on March 07, 2025, decided to issue equity shares on a rights basis in the ratio of 1:6 (1 Equity Share for every 6 Equity Shares held).
Iris Clothings is actively pursuing several strategic initiatives to drive future growth:
- Accelerated Marketing: The company is participating in accelerated marketing activities, including distributing notebooks, pens, and bags to partners, to spread brand awareness and enhance its presence.
- Domestic Expansion: It plans to expand its reach in India by entering new Tier II and Tier III cities and reinforcing its distribution network with additional distributors and retailers.
- Commitment to Quality: The company continues to focus on expanding its market presence both domestically and internationally while maintaining its unwavering commitment to quality manufacturing and innovative product design in the competitive kids' apparel segment.
