Infosys Ltd

Infosys Ltd

₹ 1,424 -0.15%
07 May 11:47 a.m.
About

Infosys Ltd provides consulting, technology, outsourcing and next-generation digital services to enable clients to execute strategies for their digital transformation.[1] It is the 2nd largest Information Technology company in India behind TCS.[2]

Key Points

Digital Services (~57% of revenues)[1]
It comprises of services and solution offerings of the group that enables clients to transform their businesses. It includes offerings that enhance customer experience, leverage AI-based analytics and big data, engineer digital products and IoT, modernize legacy tech systems, migrate to cloud applications and implement advanced cyber-security systems.[2]

  • Market Cap 5,91,001 Cr.
  • Current Price 1,424
  • High / Low 1,733 / 1,239
  • Stock P/E 21.7
  • Book Value 196
  • Dividend Yield 2.64 %
  • ROCE 46.2 %
  • ROE 36.6 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.6%
  • Company has been maintaining a healthy dividend payout of 64.0%

Cons

  • Stock is trading at 7.27 times its book value
  • Promoter holding is low: 14.7%
  • Working capital days have increased from 49.7 days to 70.9 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
22,497 23,714 25,462 27,337 27,426 29,527 31,567 32,389 30,531 31,811 32,629 32,491 32,001
16,350 17,183 18,578 19,897 20,457 22,596 23,624 24,517 22,583 23,877 24,635 24,377 24,286
Operating Profit 6,147 6,531 6,884 7,440 6,969 6,931 7,943 7,872 7,948 7,934 7,994 8,114 7,715
OPM % 27% 28% 27% 27% 25% 23% 25% 24% 26% 25% 24% 25% 24%
504 570 1,052 1,013 590 648 1,267 1,177 766 1,001 1,350 1,582 3,483
Interest 33 32 32 33 31 34 40 41 43 43 89 82 62
Depreciation 578 576 601 631 620 643 682 713 714 746 738 738 722
Profit before tax 6,040 6,493 7,303 7,789 6,908 6,902 8,488 8,295 7,957 8,146 8,517 8,876 10,414
Tax % 26% 27% 25% 25% 25% 29% 26% 25% 26% 27% 27% 26% 19%
4,459 4,723 5,463 5,870 5,177 4,901 6,253 6,210 5,904 5,956 6,245 6,552 8,480
EPS in Rs 10.47 11.09 12.99 13.96 12.31 11.65 14.86 14.80 14.23 14.35 15.05 15.79 20.43
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
36,765 44,341 47,300 53,983 59,289 61,941 73,107 79,047 85,912 103,940 124,014 128,933
25,747 31,808 33,330 38,274 42,082 44,644 54,433 59,012 61,455 76,112 93,320 97,176
Operating Profit 11,018 12,533 13,970 15,709 17,207 17,297 18,674 20,035 24,457 27,828 30,694 31,757
OPM % 30% 28% 30% 29% 29% 28% 26% 25% 28% 27% 25% 25%
2,298 2,576 3,749 3,006 3,062 4,019 2,852 2,700 2,467 3,224 3,859 7,417
Interest 3 6 8 0 0 0 0 114 126 128 157 277
Depreciation 956 1,101 913 1,115 1,331 1,408 1,599 2,144 2,321 2,429 2,753 2,944
Profit before tax 12,357 14,002 16,798 17,600 18,938 19,908 19,927 20,477 24,477 28,495 31,643 35,953
Tax % 26% 27% 28% 28% 27% 19% 26% 24% 26% 25% 26% 24%
9,116 10,194 12,164 12,693 13,818 16,155 14,702 15,543 18,048 21,235 23,268 27,234
EPS in Rs 19.84 22.30 26.48 27.63 30.08 36.98 33.65 36.49 42.36 50.48 56.09 65.61
Dividend Payout % 26% 35% 56% 44% 43% 59% 64% 48% 64% 61% 61% 70%
Compounded Sales Growth
10 Years: 11%
5 Years: 12%
3 Years: 14%
TTM: 4%
Compounded Profit Growth
10 Years: 10%
5 Years: 13%
3 Years: 15%
TTM: 17%
Stock Price CAGR
10 Years: 14%
5 Years: 15%
3 Years: 2%
1 Year: 13%
Return on Equity
10 Years: 27%
5 Years: 31%
3 Years: 34%
Last Year: 37%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 287 286 574 1,148 1,148 1,092 2,178 2,129 2,130 2,103 2,074 2,075
Reserves 35,772 41,806 47,494 59,934 66,869 62,410 60,533 60,105 69,401 67,203 65,671 79,101
0 0 0 0 0 0 0 3,165 3,854 3,786 4,266 3,766
6,913 10,620 13,745 11,650 11,868 11,870 15,678 15,086 18,043 25,454 28,547 30,008
Total Liabilities 42,972 52,712 61,813 72,732 79,885 75,372 78,389 80,485 93,428 98,546 100,558 114,950
4,453 5,732 7,347 8,248 8,605 9,157 10,497 13,974 14,599 14,938 15,431 14,327
CWIP 1,135 954 769 934 1,247 1,442 1,212 945 906 411 275 277
Investments 4,344 6,717 6,857 11,078 24,977 17,899 18,139 17,922 24,155 28,336 28,162 34,659
33,040 39,309 46,840 52,472 45,056 46,874 48,541 47,644 53,768 54,861 56,690 65,687
Total Assets 42,972 52,712 61,813 72,732 79,885 75,372 78,389 80,485 93,428 98,546 100,558 114,950

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6,942 9,148 7,955 9,578 10,478 12,475 13,989 15,572 19,902 22,096 19,169 20,787
-2,779 -2,272 628 -1,216 -13,533 5,678 -637 -170 -6,286 -3,163 952 -3,305
-3,319 -3,177 -4,961 -6,908 -6,968 -20,536 -14,571 -17,391 -9,566 -24,275 -25,857 -15,825
Net Cash Flow 844 3,699 3,622 1,454 -10,023 -2,383 -1,219 -1,989 4,050 -5,342 -5,736 1,657

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 63 60 67 66 67 72 67 71 70 67 61 71
Inventory Days
Days Payable
Cash Conversion Cycle 63 60 67 66 67 72 67 71 70 67 61 71
Working Capital Days 39 18 4 36 44 57 46 53 49 36 42 71
ROCE % 37% 36% 36% 32% 29% 30% 31% 32% 35% 39% 44% 46%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
12.95% 13.12% 13.12% 13.11% 13.11% 15.16% 15.11% 15.14% 14.94% 14.89% 14.78% 14.71%
33.39% 33.46% 33.17% 33.30% 31.72% 36.20% 36.29% 35.09% 33.44% 33.60% 33.70% 34.11%
21.98% 15.66% 16.31% 17.10% 18.88% 32.13% 32.50% 33.59% 34.58% 35.19% 35.51% 35.62%
0.00% 0.00% 0.00% 0.00% 0.00% 0.18% 0.19% 0.19% 0.20% 0.19% 0.20% 0.21%
31.32% 37.41% 37.06% 36.16% 35.98% 15.93% 15.53% 15.67% 16.52% 15.83% 15.52% 15.06%
0.36% 0.35% 0.34% 0.33% 0.31% 0.35% 0.34% 0.33% 0.32% 0.31% 0.30% 0.29%
No. of Shareholders 16,42,81018,17,77918,97,18521,28,82726,64,56428,93,20927,36,97528,01,57431,44,61330,09,44828,97,03027,73,406

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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