Multibagger Stock with 136 Per Cent Returns Joins Hands with Goa Govt for MSME Growth!

Government Partnership to Drive MSME Growth

IRIS Business Services has signed a Memorandum of Understanding (MoU) with the Department of Industries, Trade & Commerce, Government of Goa. This partnership aims to support the growth of the MSME sector in the state by providing data-driven technology solutions.

Addressing MSME Credit Challenges
One of the key issues faced by MSMEs in Goa is the reluctance of banks to provide funding. The state’s credit deposit ratio was only 26.5 per cent in 2023, significantly lower than the national average of 75.8 per cent. IRIS aims to address this by using data streams from government digitization initiatives to help lenders improve credit flow to MSMEs.

Integrated Compliance Platform for Businesses
IRIS plans to develop an integrated compliance platform based on a common data standard. This platform will reduce the compliance burden for businesses, making regulatory processes more efficient. The Government of Goa will provide administrative and policy support to facilitate the implementation of this initiative.

Company Overview and Business Segments
Founded in 2000, IRIS Business Services is a RegTech SaaS company that provides technology-driven compliance solutions. Its services cater to regulators, central banks, stock exchanges, and enterprises. The company operates in three key segments: data collection, document creation, and data analysis.

Strong Financial Performance and Stock Growth
IRIS has a market capitalization of Rs 717 crore. The stock is currently trading at a price-to-earnings ratio of 48, with a return on capital employed (ROCE) of 26.8 per cent and a return on equity (ROE) of 24 per cent. Over the past year, the stock has delivered a return of 136 per cent, making it a multibagger. In the last six months, it has gained 40 per cent.

Future Prospects and Market Position
With a growing presence in international markets and strong partnerships, IRIS is well-positioned for future growth. Its focus on data-driven solutions for regulatory compliance and MSME support will further strengthen its market position.

Disclaimer: The article is for informational purposes only and not investment advice.