iValue Infosolutions Limited has released the transcript of its analyst meet held on May 27, 2026, discussing the company's Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026. The company reported strong performance in FY26 with gross sales of ₹2,914 crore, a 19.5% year-on-year growth, and a normalized PAT of ₹102.3 crore, a 20% growth. Cybersecurity remains the core engine, contributing 50% to gross sales and showing the fastest growth. Data Center Infrastructure (DCI) also demonstrated strong growth with a 29% increase in Q4 FY26. Looking ahead to FY27, iValue anticipates strong demand across segments, with a qualified opportunity book of ₹5,800 crore and a conversion rate of 30-35%, providing significant revenue visibility. Key focus areas for FY27 include cybersecurity (especially AI security), Data Center Infrastructure (including AI data centers and GPU infrastructure), AI and next-generation digital infrastructure, geographic expansion into select ASEAN markets, and growth in its cloud business, particularly with Google Cloud, which has a secured order book exceeding ₹300 crore. The company highlighted improvements in working capital, with net working capital days reduced to 30 days, and cash flow from operations exceeding PAT for the first time. Return ratios were strong, with adjusted ROCE at 40.5% and ROE at 18%. Management also indicated that the board is evaluating avenues for long-term value creation, including strategic inorganic opportunities and shareholder returns like dividends or share buybacks, subject to business performance and cash flow visibility. The transcript also covers discussions on segment-wise quarterly performance, OEM additions, the impact of hardware prices, pipeline conversion, the distinction between opportunities and order books, gross margin drivers, and risk underwriting. The company expects FY27 to outperform FY26 in terms of revenue growth and profitability, with projected top-line growth of 18-20% and PAT growth of 20-22%.
