iValue Infosolutions Ltd Q2FY26 – The Cybersecurity Pandit Who Guards Data Like Bhishma Pitamah Guarded the Kauravas

1. At a Glance

Imagine a company that protects your enterprise data more fiercely than Arjuna guarded his bow — that’s iValue Infosolutions Ltd, the freshly-listed strategic technology advisor from Bengaluru. As ofNovember 2025, the company flaunts amarket cap of ₹1,745 crore, astock price of ₹326, and anROCE of 25.8%— numbers solid enough to make even cybercriminals reconsider their career path.

The firm’sQ2FY26 revenue hit ₹313 crore, up48.3% YoY, whilePAT came in at ₹27.5 crore, growing41.1% YoY. Not bad for a 17-year-old company that quietly built a fortress of804 system integratorsand2,877 enterprise clientsacrossIndia, SAARC, and Africa.

TheBhagavad Gitasays,“Yogah Karmasu Kaushalam”— excellence in action is true yoga. And iValue seems to have taken that literally, showing disciplined execution in cybersecurity, cloud, and managed services, even if it occasionally forgets to pay dividends. (Yes, zero payout again. Namaste frugality.)

2. Introduction

In the vast Indian tech bazaar, where IT firms sell dreams of “digital transformation,” iValue Infosolutions doesn’t just sell — it secures. This Bengaluru-based enterprise isn’t your regular IT services outsourcer chanting buzzwords like “AI” and “blockchain.” It’s more like a cyber-bodyguard-for-hire — protecting digital assets from hackers, malware, and occasionally from clients’ own poor password habits.

Aftergetting listed in September 2025with a₹560 crore IPO, iValue is now trying to prove that it’s not another overhyped tech IPO with fancy presentations and invisible profits. It’s got muscle: ₹896 crore in FY25 sales, ₹83 crore PAT, and a steady 20% ROE.

But before you imagine them as another Infosys wannabe, here’s the twist —47% of revenue comes from cybersecurity,22% from information lifecycle management, and the rest from cloud, ALM, and datacenter infrastructure. Translation: iValue doesn’t build apps; it builds firewalls — metaphorically and literally.

And while the IT biggies are fighting for digital transformation deals, iValue is quietly charging up the cybersecurity hill, one endpoint at a time.

3. Business Model – WTF Do They Even Do?

Let’s decode it like an auditor on caffeine.

iValue Infosolutions is astrategic technology advisor. That’s corporate-speak for “We help large companies not get hacked.” Its 500+ tech warriors work with heavyweight OEMs likeCheck Point, Forcepoint, Imperva, Tenable, Hitachi, Nutanix, Splunk, Google Cloud, and Arista.

The business runs onfive verticals:

1. Cybersecurity (47%)– Protects enterprises from cyberthreats using multi-layered defense systems. Think of it as the digital equivalent of having your mother double-check every lock before bed.
2. Information Lifecycle Management (22%)– Manages, stores, and retrieves your data from the corporate abyss.
3. Data Center Infrastructure (17%)– Helps companies set up server rooms cooler than a Bengaluru café.
4. Application Lifecycle & Cloud (14%)– Cloud and DevSecOps work for the nerds who like to automate everything.
5. Managed Services– Offers 24×7 technical babysitting via SOC/NOC setups, ensuring systems don’t throw tantrums at 2 AM.

The company earns95% of its revenue domestically, with the remaining5% from exports. Essentially, iValue’s export business is like that one foreign cousin who visits only for weddings but makes a big impression.

What keeps the business sticky? An80.7% repeat sales rate, and 43% of that from renewal contracts — which is corporate code for “customers keep coming back because they don’t want to deal with cybersecurity on their own.”

4. Financials Overview

Annualized EPS = ₹5.13 × 4 =₹20.5At a CMP of ₹326,P/E ≈ 15.9x, below the industry median of 34.5x — basically, it’s the shy kid in a class of extroverted tech stocks.

Commentary: iValue’s quarterly jump in EBITDA from ₹10 crore to ₹38 crore is the corporate equivalent of a glow-up montage. Clearly, cybersecurity has better margins than building