iStreet Network Q2 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹264 Cr
- P/E
- 65.08
- ROE
- 22.39%
- PEG
- 0.37
- Price to sales
- 2.07
- Debt to equity
- 0.01
- 52W high / low
- ₹68.7 / ₹31.1
- EBITDA margin
- 4.08%
- Net profit margin
- 5.06%
- Promoter holding
- 16.58%
- Sales (last year)
- ₹128 Cr
Incorporated in 1986, iStreet Network Limited is a technology company building Agentic AI platforms, AI-native solutions and AI infrastructure for enterprises and government institutions.[1]
Guidance scorecard · Q2 FY26 call
What iStreet Network Ltd's management guided
and where it ranks in IT - Services
IT - Services
RevenueQ2 FY26 call
20–40%- The company is currently in a starting phase with a developing business model; growth is expected over the next 3-4 years.
- Promoters are actively investing to build infrastructure and scale operations, indicating confidence in future expansion.
- The focus is on building predictable ARR (Annual Recurring Revenue) streams with possible system integrations enhancing growth.
- The company expects to justify current valuation and dilution through revenue and profit growth as the business matures.
- Emphasis on unique AI-driven predictive technologies across sectors such as agriculture, medical, banking, and defense will drive revenue expansion.
2 more points from iStreet Network Ltd's call on revenue
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MarginsQ2 FY26 call
See what iStreet Network Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- The company plans to invest more money in the business in the future, as emphasized by the promoters contributing and supporting the company financially.
- There is a focus on building significant infrastructure to support the company's growth and vision over the next 3-4 years.
- The investment is not aimed at dilution but strengthening the company’s infrastructure and capabilities.
- Promoters are actively investing in the company as part of this strategic capital infusion.
2 more points from iStreet Network Ltd's call on capex
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FundraisingQ2 FY26 call
PlannedSee what iStreet Network Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
- Uttam Dave mentioned they are "very close to breaking some very, very, very prominent names in this quarter," indicating significant upcoming orders or deals.
- Updates regarding deals and order status will be posted on the BSE website as and when approvals and customer permissions are obtained.
- The management is focused on progressing and investing in infrastructure to support future orders and business growth.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
IT - Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹28,129 Cr | 107.9 | |
| 2 | 40%+ | Flat | ₹1,612 Cr | 37.6 | |
| 3 | 40%+ | Flat | ₹1,534 Cr | 131.2 | |
| 4 | 40%+ | Flat | ₹571 Cr | 24.8 | |
| 5 | 40%+ | Flat | ₹378 Cr | 26.9 | |
| 6 | 40%+ | Flat | ₹84 Cr | 8.3 |
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Pro shows every company guiding 40%+ revenue growth →Full IT - Services rankingFinancials of iStreet Network Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of iStreet Network Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.04 | 13.23 | 18.65 | 24.66 |
| Expenses + | 0.04 | 0.03 | 0.02 | 0.04 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 5.71 | 12.56 | 17.75 | 23.23 |
| Operating Profit | -0.04 | -0.03 | -0.02 | -0.04 | -0.03 | -0.03 | -0.03 | -0.04 | -0.03 | 0.33 | 0.67 | 0.90 | 1.43 |
| OPM % | 5.46% | 5.06% | 4.83% | 5.80% | |||||||||
| Other Income + | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 1.80 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Profit before tax | -0.04 | -0.03 | -0.02 | -0.04 | -0.03 | -0.03 | -0.03 | -0.04 | -0.03 | 0.35 | 2.47 | 0.90 | 1.42 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 16.20% |
| Net Profit + | -0.04 | -0.03 | -0.02 | -0.04 | -0.03 | -0.03 | -0.03 | -0.04 | -0.03 | 0.35 | 2.47 | 0.90 | 1.20 |
| EPS in Rs | -0.02 | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 | 0.16 | 1.16 | 0.42 | 0.18 |
Financials of iStreet Network Ltd
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 0.45 | 0.72 | 18.38 | 34.87 | 0.08 | 1.94 | 0.00 | 0.00 | 0.17 | 0.00 | 0.00 | 6.04 | 62.58 |
| Expenses + | 0.56 | 3.99 | 21.36 | 38.30 | 0.71 | 2.30 | 0.01 | 0.11 | 0.16 | 0.25 | 0.13 | 5.82 | 59.25 |
| Operating Profit | -0.11 | -3.27 | -2.98 | -3.43 | -0.63 | -0.36 | -0.01 | -0.11 | 0.01 | -0.25 | -0.13 | 0.22 | 3.33 |
| OPM % | -24.44% | -454.17% | -16.21% | -9.84% | -787.50% | -18.56% | 5.88% | 3.64% | 5.32% | ||||
| Other Income + | 0.05 | 2.84 | 0.24 | 0.01 | -1.30 | 0.09 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.02 | 1.82 |
| Interest | 0.00 | 0.00 | 0.00 | 0.07 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.14 | 0.16 | 0.17 | 0.15 | 0.07 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Profit before tax | -0.06 | -0.57 | -2.90 | -3.66 | -2.09 | -0.34 | -0.02 | -0.11 | 0.01 | -0.24 | -0.13 | 0.24 | 5.14 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Net Profit + | -0.06 | -0.57 | -2.90 | -3.66 | -2.09 | -0.34 | -0.02 | -0.11 | 0.01 | -0.24 | -0.13 | 0.24 | 4.92 |
| EPS in Rs | -0.03 | -0.28 | -1.37 | -1.72 | -0.98 | -0.16 | -0.01 | -0.05 | 0.00 | -0.11 | -0.06 | 0.11 | 1.92 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials of iStreet Network Ltd
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.95 | 8.01 | 8.44 | 8.52 | 8.52 | 8.52 | 8.52 | 8.52 | 8.52 | 8.52 | 8.52 | 8.52 | 8.52 |
| Reserves | -3.29 | -3.09 | -4.81 | -8.05 | -10.14 | -10.48 | -10.51 | -10.62 | -9.91 | -10.15 | -10.28 | -10.04 | -6.89 |
| Borrowings + | 0.00 | 0.00 | 0.00 | 1.21 | 1.50 | 1.50 | 1.50 | 1.50 | 2.00 | 1.80 | 1.80 | 1.80 | 0.00 |
| Other Liabilities + | 0.50 | 0.90 | 0.94 | 1.14 | 1.06 | 0.69 | 0.53 | 0.63 | 0.15 | 0.15 | 0.18 | 7.02 | 21.12 |
| Total Liabilities | 5.16 | 5.82 | 4.57 | 2.82 | 0.94 | 0.23 | 0.04 | 0.03 | 0.76 | 0.32 | 0.22 | 7.30 | 22.75 |
| Fixed Assets + | 1.19 | 0.49 | 0.41 | 0.25 | 0.08 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CWIP | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.07 | 0.10 |
| Investments | 0.01 | 1.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Other Assets + | 3.96 | 4.26 | 4.14 | 2.56 | 0.85 | 0.20 | 0.03 | 0.02 | 0.75 | 0.31 | 0.14 | 7.22 | 22.64 |
| Total Assets | 5.16 | 5.82 | 4.57 | 2.82 | 0.94 | 0.23 | 0.04 | 0.03 | 0.76 | 0.32 | 0.22 | 7.30 | 22.75 |
Financials of iStreet Network Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -0.25 | -2.85 | -2.83 | -2.12 | -0.37 | 0.14 | 0.01 | -0.02 | -0.55 | -0.29 | -0.11 | -0.02 |
| Cash from Investing Activity + | 0.27 | 3.19 | 0.06 | 0.38 | 0.07 | 0.01 | 0.00 | 0.00 | 0.00 | -0.06 | 0.00 | 0.02 |
| Cash from Financing Activity + | 0.00 | -0.17 | 2.61 | 1.71 | 0.29 | -0.14 | 0.00 | 0.00 | 1.20 | -0.20 | 0.00 | 0.00 |
| Net Cash Flow | 0.02 | 0.17 | -0.16 | -0.03 | 0.00 | 0.01 | 0.01 | -0.02 | 0.65 | -0.55 | -0.10 | 0.00 |
| Free Cash Flow | -0.62 | 0.28 | -2.86 | -2.12 | -0.37 | 0.14 | 0.01 | -0.02 | -0.55 | -0.36 | -0.11 | -0.02 |
| CFO/OP | 227% | 87% | 95% | 62% | 59% | -39% | -100% | 18% | -5,500% | 116% | 85% | -9% |
Financials of iStreet Network Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 10.14 | 0.20 | 6.70 | 2,920.00 | 0.00 | 193.24 | 436.31 | ||||
| Inventory Days | 0.00 | 80.51 | 6.00 | 0.43 | 0.00 | 0.00 | 0.00 | |||||
| Days Payable | 75.15 | 2.07 | 10.97 | |||||||||
| Cash Conversion Cycle | 0.00 | 15.51 | 4.13 | -3.84 | 2,920.00 | 0.00 | 193.24 | 436.31 | ||||
| Working Capital Days | 2,774.00 | 1,460.00 | 60.17 | 13.82 | -1,095.00 | -95.95 | -128.82 | 12.09 | ||||
| ROCE % | 1.06% | -12.73% | -69.24% | -135.22% | -71.79% | 200.00% | -61.54% | -123.81% | 150.00% |
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