Infosys Ltd

₹ 1,636 0.36%
25 Nov - close price
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 688,273 Cr.
  • Current Price 1,636
  • High / Low 1,954 / 1,355
  • Stock P/E 30.1
  • Book Value 190
  • Dividend Yield 1.90 %
  • ROCE 37.1 %
  • ROE 29.0 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%
  • Company has been maintaining a healthy dividend payout of 54.3%

Cons

  • Stock is trading at 8.61 times its book value
  • Promoter holding is low: 15.2%

* 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 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
22,629 23,092 23,267 23,665 24,570 25,927 26,311 27,896 29,602 31,867 32,276 34,470 36,538
16,990 17,291 17,591 17,544 17,487 18,512 19,040 20,464 21,771 23,484 24,430 26,606 27,636
Operating Profit 5,639 5,801 5,676 6,121 7,083 7,415 7,271 7,432 7,831 8,383 7,846 7,864 8,902
OPM % 25% 25% 24% 26% 29% 29% 28% 27% 26% 26% 24% 23% 24%
626 827 614 475 570 611 545 622 524 512 637 676 584
Interest 42 42 45 48 48 49 50 49 48 53 50 56 66
Depreciation 727 737 749 756 855 826 831 829 859 899 890 950 1,029
Profit before tax 5,496 5,849 5,496 5,792 6,750 7,151 6,935 7,176 7,448 7,943 7,543 7,534 8,391
Tax % 27% 24% 21% 26% 28% 27% 27% 28% 27% 27% 24% 29% 28%
Net Profit 4,037 4,466 4,335 4,272 4,858 5,215 5,078 5,201 5,428 5,822 5,695 5,362 6,026
EPS in Rs 9.44 10.47 10.15 9.94 11.37 12.20 11.91 12.20 12.89 13.81 13.52 12.74 14.31
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
27,501 33,734 40,352 50,133 53,319 62,441 68,484 70,522 82,675 90,791 100,472 121,641 135,151
18,531 23,007 28,814 36,743 38,436 45,362 49,880 51,700 62,505 68,524 72,583 90,150 102,156
Operating Profit 8,970 10,727 11,538 13,390 14,883 17,079 18,604 18,822 20,170 22,267 27,889 31,491 32,995
OPM % 33% 32% 29% 27% 28% 27% 27% 27% 24% 25% 28% 26% 24%
1,211 1,904 2,365 2,664 3,430 3,120 3,050 3,311 2,882 2,803 2,201 2,295 2,409
Interest 2 4 5 9 12 0 0 0 0 170 195 200 225
Depreciation 854 928 1,099 1,317 1,017 1,459 1,703 1,863 2,011 2,893 3,267 3,476 3,768
Profit before tax 9,325 11,699 12,799 14,728 17,284 18,740 19,951 20,270 21,041 22,007 26,628 30,110 31,411
Tax % 27% 29% 26% 28% 28% 28% 28% 21% 27% 24% 27% 26%
Net Profit 6,835 8,332 9,429 10,656 12,372 13,489 14,353 16,029 15,410 16,639 19,423 22,146 22,905
EPS in Rs 14.88 18.14 20.52 23.31 26.93 29.36 31.24 36.69 35.26 38.96 45.42 52.56 54.38
Dividend Payout % 50% 32% 25% 34% 55% 41% 41% 59% 60% 45% 59% 59%
Compounded Sales Growth
10 Years: 14%
5 Years: 12%
3 Years: 14%
TTM: 23%
Compounded Profit Growth
10 Years: 10%
5 Years: 9%
3 Years: 13%
TTM: 10%
Stock Price CAGR
10 Years: 18%
5 Years: 27%
3 Years: 33%
1 Year: -3%
Return on Equity
10 Years: 25%
5 Years: 26%
3 Years: 27%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
286 286 286 286 572 1,144 1,144 1,088 2,170 2,122 2,124 2,098 2,099
Reserves 25,690 31,046 37,708 44,244 50,164 60,600 67,838 63,835 62,778 63,328 74,227 73,252 77,882
0 0 0 0 0 0 0 0 0 4,633 5,325 5,474 6,522
5,317 7,025 8,281 12,436 15,553 13,354 14,166 14,426 19,118 21,717 25,835 35,905 40,728
Total Liabilities 31,293 38,357 46,275 56,966 66,289 75,098 83,148 79,349 84,066 91,800 107,511 116,729 127,231
5,235 5,555 7,139 8,378 11,346 13,386 14,179 12,574 15,710 23,789 25,505 25,800 27,264
CWIP 264 590 1,140 961 776 960 1,365 1,606 1,388 954 922 416 402
Investments 144 372 2,116 4,331 2,270 1,892 16,423 12,163 11,261 8,792 14,205 20,324 24,448
25,650 31,840 35,880 43,296 51,897 58,860 51,181 53,006 55,707 58,265 66,879 70,189 75,117
Total Assets 31,293 38,357 46,275 56,966 66,289 75,098 83,148 79,349 84,066 91,800 107,511 116,729 127,231

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4,752 6,394 7,373 9,825 8,353 10,028 11,531 13,218 14,841 17,003 23,224 23,885
3,443 -147 -2,922 -2,563 999 -885 -14,664 4,533 -632 -331 -7,373 -6,485
-3,640 -2,322 -3,210 -3,144 -4,935 -6,813 -6,939 -20,505 -14,512 -17,591 -9,786 -24,642
Net Cash Flow 4,555 3,925 1,241 4,118 4,417 2,330 -10,072 -2,754 -303 -919 6,065 -7,242

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 62 64 64 61 66 66 66 68 65 74 70 68
Inventory Days
Days Payable
Cash Conversion Cycle 62 64 64 61 66 66 66 68 65 74 70 68
Working Capital Days 26 26 33 15 3 34 38 50 36 42 38 31
ROCE % 38% 41% 37% 36% 36% 33% 30% 30% 32% 33% 35% 37%

Shareholding Pattern

Numbers in percentages

13 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
13.15 13.15 13.15 12.95 12.95 12.95 12.95 13.12 13.12 13.11 13.11 15.16
31.76 31.01 30.47 31.31 32.26 32.67 33.39 33.46 33.17 33.30 31.72 36.20
23.99 24.68 25.43 24.97 23.75 23.10 21.98 15.66 16.31 17.10 18.88 32.13
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.18
30.66 30.73 30.53 30.37 30.66 30.92 31.32 37.41 37.06 36.16 35.98 15.93
0.44 0.43 0.42 0.40 0.38 0.36 0.36 0.35 0.34 0.33 0.31 0.35

Documents

Concalls