Infosys Ltd

₹ 1,570 -1.85%
06 Feb - close price
infosys.com BSE: 500209 NSE : INFY
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]

Website BSE NSE
  • Market Cap ₹ 653,612 Cr.
  • Current Price ₹ 1,570
  • High / Low ₹ 1,924 / 1,355
  • Stock P/E 29.1
  • Book Value ₹ 160
  • Dividend Yield 1.97 %
  • ROCE 38.4 %
  • ROE 30.0 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.3%
  • Company has been maintaining a healthy dividend payout of 57.7%
  • Company's working capital requirements have reduced from 45.9 days to 36.1 days

Cons

  • Stock is trading at 9.84 times its book value
  • The company has delivered a poor sales growth of 11.9% over past five years.
  • Promoter holding is low: 15.1%

* 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.

Peer comparison

Sector: IT - Software Industry: Computers - Software - Large

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
20,064 20,187 20,325 21,046 22,043 22,497 23,714 25,462 27,337 27,426 29,527 31,567 32,389
14,885 15,065 14,848 14,826 15,431 16,350 17,183 18,578 19,897 20,457 22,596 23,624 24,517
Operating Profit 5,179 5,122 5,477 6,220 6,612 6,147 6,531 6,884 7,440 6,969 6,931 7,943 7,872
OPM % 26% 25% 27% 30% 30% 27% 28% 27% 27% 25% 23% 25% 24%
798 585 478 582 903 504 570 1,052 1,013 590 648 1,267 1,177
Interest 28 31 31 31 32 33 32 32 33 31 34 40 41
Depreciation 544 548 546 608 589 578 576 601 631 620 643 682 713
Profit before tax 5,405 5,128 5,378 6,163 6,894 6,040 6,493 7,303 7,789 6,908 6,902 8,488 8,295
Tax % 25% 21% 25% 27% 26% 26% 27% 25% 25% 25% 29% 26% 25%
Net Profit 4,076 4,069 4,008 4,497 5,083 4,459 4,723 5,463 5,870 5,177 4,901 6,253 6,210
EPS in Rs 9.57 9.55 9.41 10.56 11.93 10.47 11.09 12.99 13.96 12.31 11.65 14.86 14.80
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
25,385 31,254 36,765 44,341 47,300 53,983 59,289 61,941 73,107 79,047 85,912 103,940 120,909
16,970 21,769 25,747 31,808 33,330 38,274 42,082 44,644 54,433 59,012 61,455 76,112 91,194
Operating Profit 8,415 9,485 11,018 12,533 13,970 15,709 17,207 17,297 18,674 20,035 24,457 27,828 29,715
OPM % 33% 30% 30% 28% 30% 29% 29% 28% 26% 25% 28% 27% 25%
1,147 2,985 2,298 2,576 3,749 3,006 3,062 4,019 2,852 2,700 2,467 3,224 3,682
Interest 1 2 3 6 8 0 0 0 0 114 126 128 146
Depreciation 740 794 956 1,101 913 1,115 1,331 1,408 1,599 2,144 2,321 2,429 2,658
Profit before tax 8,821 11,674 12,357 14,002 16,798 17,600 18,938 19,908 19,927 20,477 24,477 28,495 30,593
Tax % 27% 27% 26% 27% 28% 28% 27% 19% 26% 24% 26% 25%
Net Profit 6,443 8,470 9,116 10,194 12,164 12,693 13,818 16,155 14,702 15,543 18,048 21,235 22,541
EPS in Rs 14.03 18.44 19.84 22.30 26.48 27.63 30.08 36.98 33.65 36.49 42.36 50.48 53.62
Dividend Payout % 53% 32% 26% 35% 56% 44% 43% 59% 64% 48% 64% 61%
Compounded Sales Growth
10 Years: 13%
5 Years: 12%
3 Years: 12%
TTM: 22%
Compounded Profit Growth
10 Years: 10%
5 Years: 9%
3 Years: 13%
TTM: 10%
Stock Price CAGR
10 Years: 16%
5 Years: 23%
3 Years: 26%
1 Year: -8%
Return on Equity
10 Years: 25%
5 Years: 26%
3 Years: 27%
Last Year: 30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Dec 2022
287 287 287 286 574 1,148 1,148 1,092 2,178 2,129 2,130 2,103 2,091
Reserves 24,214 29,470 35,772 41,806 47,494 59,934 66,869 62,410 60,533 60,105 69,401 67,203 64,825
0 0 0 0 0 0 0 0 0 3,165 3,854 3,786 4,251
4,353 6,058 6,913 10,620 13,745 11,650 11,868 11,870 15,678 15,086 18,043 25,454 31,919
Total Liabilities 28,854 35,815 42,972 52,712 61,813 72,732 79,885 75,372 78,389 80,485 93,428 98,546 103,086
4,056 4,061 4,453 5,732 7,347 8,248 8,605 9,157 10,497 13,974 14,599 14,938 15,140
CWIP 249 588 1,135 954 769 934 1,247 1,442 1,212 945 906 411 211
Investments 1,325 1,409 4,344 6,717 6,857 11,078 24,977 17,899 18,139 17,922 24,155 28,336 29,996
23,224 29,757 33,040 39,309 46,840 52,472 45,056 46,874 48,541 47,644 53,768 54,861 57,739
Total Assets 28,854 35,815 42,972 52,712 61,813 72,732 79,885 75,372 78,389 80,485 93,428 98,546 103,086

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4,275 5,921 6,942 9,148 7,955 9,578 10,478 12,475 13,989 15,572 19,902 22,096
3,235 769 -2,779 -2,272 628 -1,216 -13,533 5,678 -637 -170 -6,286 -3,163
-3,642 -2,298 -3,319 -3,177 -4,961 -6,908 -6,968 -20,536 -14,571 -17,391 -9,566 -24,275
Net Cash Flow 3,868 4,392 844 3,699 3,622 1,454 -10,023 -2,383 -1,219 -1,989 4,050 -5,342

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 61 63 63 60 67 66 67 72 67 71 70 67
Inventory Days
Days Payable
Cash Conversion Cycle 61 63 63 60 67 66 67 72 67 71 70 67
Working Capital Days 32 29 39 18 4 36 44 57 46 53 49 36
ROCE % 38% 41% 37% 36% 36% 32% 29% 30% 31% 32% 35% 38%

Shareholding Pattern

Numbers in percentages

3 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
13.15 13.15 12.95 12.95 12.95 12.95 13.12 13.12 13.11 13.11 15.16 15.11
31.01 30.47 31.31 32.26 32.67 33.39 33.46 33.17 33.30 31.72 36.20 36.29
24.68 25.43 24.97 23.75 23.10 21.98 15.66 16.31 17.10 18.88 32.13 32.50
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.18 0.19
30.73 30.53 30.37 30.66 30.92 31.32 37.41 37.06 36.16 35.98 15.93 15.53
0.43 0.42 0.40 0.38 0.36 0.36 0.35 0.34 0.33 0.31 0.35 0.34

* 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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