Infosys Ltd

Infosys Ltd

₹ 1,873 1.18%
23 Oct 4:01 p.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 7,77,908 Cr.
  • Current Price 1,873
  • High / Low 1,991 / 1,352
  • Stock P/E 28.9
  • Book Value 218
  • Dividend Yield 2.03 %
  • ROCE 40.0 %
  • ROE 31.8 %
  • Face Value 5.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.9%
  • Company has been maintaining a healthy dividend payout of 63.3%

Cons

  • Stock is trading at 8.60 times its book value
  • Promoter holding is low: 14.4%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
29,602 31,867 32,276 34,470 36,538 38,318 37,441 37,933 38,994 38,821 37,923 39,315 40,986
21,771 23,484 24,430 26,606 27,636 28,951 28,443 28,869 29,554 29,684 29,139 29,878 31,177
Operating Profit 7,831 8,383 7,846 7,864 8,902 9,367 8,998 9,064 9,440 9,137 8,784 9,437 9,809
OPM % 26% 26% 24% 23% 24% 24% 24% 24% 24% 24% 23% 24% 24%
524 512 637 676 584 769 671 561 632 789 2,729 838 712
Interest 48 53 50 56 66 80 82 90 138 131 110 105 108
Depreciation 859 899 890 950 1,029 1,125 1,121 1,173 1,166 1,176 1,163 1,149 1,160
Profit before tax 7,448 7,943 7,543 7,534 8,391 8,931 8,466 8,362 8,768 8,619 10,240 9,021 9,253
Tax % 27% 27% 24% 29% 28% 26% 28% 29% 29% 29% 22% 29% 30%
5,428 5,822 5,695 5,362 6,026 6,586 6,134 5,945 6,215 6,113 7,975 6,374 6,516
EPS in Rs 12.89 13.81 13.52 12.74 14.31 15.70 14.77 14.32 14.97 14.71 19.20 15.34 15.67
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
40,352 50,133 53,319 62,441 68,484 70,522 82,675 90,791 100,472 121,641 146,767 153,670 157,045
28,814 36,743 38,436 45,362 49,880 51,700 62,505 68,524 72,583 90,150 111,637 117,245 119,878
Operating Profit 11,538 13,390 14,883 17,079 18,604 18,822 20,170 22,267 27,889 31,491 35,130 36,425 37,167
OPM % 29% 27% 28% 27% 27% 27% 24% 25% 28% 26% 24% 24% 24%
2,365 2,664 3,430 3,120 3,050 3,311 2,882 2,803 2,201 2,295 2,701 4,711 5,068
Interest 5 9 12 0 0 0 0 170 195 200 284 470 454
Depreciation 1,099 1,317 1,017 1,459 1,703 1,863 2,011 2,893 3,267 3,476 4,225 4,678 4,648
Profit before tax 12,799 14,728 17,284 18,740 19,951 20,270 21,041 22,007 26,628 30,110 33,322 35,988 37,133
Tax % 26% 28% 28% 28% 28% 21% 27% 24% 27% 26% 28% 27%
9,429 10,656 12,372 13,489 14,353 16,029 15,410 16,639 19,423 22,146 24,108 26,248 26,978
EPS in Rs 20.52 23.31 26.93 29.36 31.24 36.69 35.26 38.96 45.42 52.56 58.08 63.20 64.92
Dividend Payout % 25% 34% 55% 41% 41% 59% 60% 45% 59% 59% 58% 73%
Compounded Sales Growth
10 Years: 12%
5 Years: 13%
3 Years: 15%
TTM: 3%
Compounded Profit Growth
10 Years: 9%
5 Years: 11%
3 Years: 10%
TTM: 8%
Stock Price CAGR
10 Years: 15%
5 Years: 24%
3 Years: 3%
1 Year: 33%
Return on Equity
10 Years: 27%
5 Years: 29%
3 Years: 31%
Last Year: 32%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 286 286 572 1,144 1,144 1,088 2,170 2,122 2,124 2,098 2,069 2,071 2,072
Reserves 37,708 44,244 50,164 60,600 67,838 63,835 62,778 63,328 74,227 73,252 73,338 86,045 88,391
0 0 0 0 0 0 0 4,633 5,325 5,474 8,299 8,359 8,804
8,281 12,436 15,553 13,354 14,166 14,426 19,118 21,717 25,835 35,905 40,890 39,545 42,603
Total Liabilities 46,275 56,966 66,289 75,098 83,148 79,349 84,066 91,800 107,511 116,729 124,596 136,020 141,870
7,139 8,378 11,346 13,386 14,179 12,574 15,710 23,789 25,505 25,800 29,225 27,622 31,917
CWIP 1,140 961 776 960 1,365 1,606 1,388 954 922 416 288 293 505
Investments 2,116 4,331 2,270 1,892 16,423 12,163 11,261 8,792 14,205 20,324 19,478 24,623 17,394
35,880 43,296 51,897 58,860 51,181 53,006 55,707 58,265 66,879 70,189 75,605 83,482 92,054
Total Assets 46,275 56,966 66,289 75,098 83,148 79,349 84,066 91,800 107,511 116,729 124,596 136,020 141,870

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7,373 9,825 8,353 10,028 11,531 13,218 14,841 17,003 23,224 23,885 22,467 25,210
-2,922 -2,563 999 -885 -14,664 4,533 -632 -331 -7,373 -6,485 -1,071 -5,093
-3,210 -3,144 -4,935 -6,813 -6,939 -20,505 -14,512 -17,591 -9,786 -24,642 -26,695 -17,504
Net Cash Flow 1,241 4,118 4,417 2,330 -10,072 -2,754 -303 -919 6,065 -7,242 -5,299 2,613

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 64 61 66 66 66 68 65 74 70 68 63 72
Inventory Days
Days Payable
Cash Conversion Cycle 64 61 66 66 66 68 65 74 70 68 63 72
Working Capital Days 33 15 3 34 38 50 36 44 38 31 34 59
ROCE % 37% 36% 36% 33% 30% 30% 32% 32% 35% 37% 40% 40%

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
13.12% 13.11% 13.11% 15.16% 15.11% 15.14% 14.94% 14.89% 14.78% 14.71% 14.61% 14.43%
33.17% 33.30% 31.72% 36.20% 36.29% 35.09% 33.44% 33.60% 33.70% 34.11% 32.74% 33.28%
16.31% 17.10% 18.88% 32.13% 32.50% 33.59% 34.58% 35.19% 35.51% 35.62% 37.28% 37.81%
0.00% 0.00% 0.00% 0.18% 0.19% 0.19% 0.20% 0.19% 0.20% 0.21% 0.21% 0.20%
37.06% 36.16% 35.98% 15.93% 15.53% 15.67% 16.52% 15.83% 15.52% 15.06% 14.91% 14.01%
0.34% 0.33% 0.31% 0.35% 0.34% 0.33% 0.32% 0.31% 0.30% 0.29% 0.27% 0.27%
No. of Shareholders 18,97,18521,28,82726,64,56428,93,20927,36,97528,01,57431,44,61330,09,44828,97,03027,73,40628,20,74025,76,991

* 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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