Infosys Ltd.

•

₹ 1,1300.91%

2026-08-20

infosys.comBSE: 500209NSE: INFY

Market Cap₹ 4,52,473 Cr.

Current Price₹ 1,120

High / Low₹ 1,728 / 982

Stock P/E14.9

Book Value₹ 244

Price to Book5.55

Dividend Yield4.30 %

ROCE42.8 %

ROE31.7 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Financial Services: 27.9% • Manufacturing: 16.3% • Energy & utilities: 13.3% • Retail: 12.9% • Consumer packaged goods and Logistics: 12.2% • Hi-Tech: 7.8% • Life Sciences and Healthcare: 6.9% • Others: 2.7%

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 42.9%
Company has a good return on equity (ROE) track record: 3 Years ROE 31.2%
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.15x)
Company has been maintaining a healthy dividend payout of 66.0%

CONS

Company has delivered a poor profit growth of 8.7% over past five years
Operating margins have contracted to 22.2% from 25.8%
Stock is trading at 5.5x its book value
Expensive relative to growth - PEG of 2.2

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Information TechnologyITIT - Software

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	TCS	2281.00	16.57	825285.76	4.82	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1115.00	14.94	452473.31	4.30	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1300.00	20.25	352776.46	4.15	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	178.15	13.35	176443.71	6.17	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1592.50	30.39	156086.30	3.20	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4565.85	25.89	135432.85	1.64	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11651.65	29.73	101457.34	3.43	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5445.90	44.67	85909.07	0.73	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1769.40	44.61	78370.35	0.89	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2434.50	24.32	46468.94	2.55	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3500.40	28.13	37131.38	1.66	357.10	12.97	2940.10	11.47	27.70	18.65
12.	TATATECH	836.20	60.95	33954.05	1.40	180.75	6.15	1664.63	33.78	19.56	16.64

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	37,933	38,994	38,821	37,923	39,315	40,986	41,764	40,925	42,279	44,490	45,479	46,402	48,211
	28,869	29,554	29,684	29,139	29,878	31,177	31,649	31,051	32,336	33,955	34,845	35,235	38,167
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	561	632	789	2,729	838	712	859	1,190	1,042	982	1,139	1,159	984
Interest	90	138	131	110	105	108	101	102	105	106	100	105	119
Depreciation	1,173	1,166	1,176	1,163	1,149	1,160	1,203	1,299	1,140	1,182	1,155	1,424	1,246
	8,362	8,768	8,619	10,240	9,021	9,253	9,670	9,663	9,740	10,229	9,229	10,797	11,028
Tax %	28.90%	29.12%	29.08%	22.12%	29.34%	29.58%	29.45%	27.17%	28.91%	27.90%	27.77%	21.19%	29.50%
Net Profit	0	0	0	0	6,374	6,516	6,822	7,038	6,924	7,375	6,666	8,509	7,775
	14	15	15	19	15	16	16	17	17	18	16	21	2
Equity Capital	2,070	2,070	2,070	2,071	2,072	2,072	2,072	2,073	2,074	2,074	2,024	2,024	2,025
Reserves	73,338	73,338	73,338	86,045	86,045	86,045	86,045	93,745	93,745	93,745	93,745	90,828	90,828
Promoter Pledge %	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%
Equity Capital	2,070	2,070	2,070	2,071	2,072	2,072	2,072	2,073	2,074	2,074	2,024	2,024	2,025
Reserves	73,338	73,338	73,338	86,045	86,045	86,045	86,045	93,745	93,745	93,745	93,745	90,828	90,828
Promoter Pledge %	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%

Jun 2023

: 37,933
: 28,869
Operating Profit: —
OPM %: —
Other Income: 561
Interest: 90
Depreciation: 1,173
: 8,362
Tax %: 28.90%
Net Profit: 0
: 14
Equity Capital: 2,070
Reserves: 73,338
Promoter Pledge %: 0.00%
Equity Capital: 2,070
Reserves: 73,338
Promoter Pledge %: 0.00%

Sep 2023

: 38,994
: 29,554
Operating Profit: —
OPM %: —
Other Income: 632
Interest: 138
Depreciation: 1,166
: 8,768
Tax %: 29.12%
Net Profit: 0
: 15
Equity Capital: 2,070
Reserves: 73,338
Promoter Pledge %: 0.00%
Equity Capital: 2,070
Reserves: 73,338
Promoter Pledge %: 0.00%

Dec 2023

: 38,821
: 29,684
Operating Profit: —
OPM %: —
Other Income: 789
Interest: 131
Depreciation: 1,176
: 8,619
Tax %: 29.08%
Net Profit: 0
: 15
Equity Capital: 2,070
Reserves: 73,338
Promoter Pledge %: 0.00%
Equity Capital: 2,070
Reserves: 73,338
Promoter Pledge %: 0.00%

Mar 2024

: 37,923
: 29,139
Operating Profit: —
OPM %: —
Other Income: 2,729
Interest: 110
Depreciation: 1,163
: 10,240
Tax %: 22.12%
Net Profit: 0
: 19
Equity Capital: 2,071
Reserves: 86,045
Promoter Pledge %: 0.00%
Equity Capital: 2,071
Reserves: 86,045
Promoter Pledge %: 0.00%

Jun 2024

: 39,315
: 29,878
Operating Profit: —
OPM %: —
Other Income: 838
Interest: 105
Depreciation: 1,149
: 9,021
Tax %: 29.34%
Net Profit: 6,374
: 15
Equity Capital: 2,072
Reserves: 86,045
Promoter Pledge %: 0.00%
Equity Capital: 2,072
Reserves: 86,045
Promoter Pledge %: 0.00%

Sep 2024

: 40,986
: 31,177
Operating Profit: —
OPM %: —
Other Income: 712
Interest: 108
Depreciation: 1,160
: 9,253
Tax %: 29.58%
Net Profit: 6,516
: 16
Equity Capital: 2,072
Reserves: 86,045
Promoter Pledge %: 0.00%
Equity Capital: 2,072
Reserves: 86,045
Promoter Pledge %: 0.00%

Dec 2024

: 41,764
: 31,649
Operating Profit: —
OPM %: —
Other Income: 859
Interest: 101
Depreciation: 1,203
: 9,670
Tax %: 29.45%
Net Profit: 6,822
: 16
Equity Capital: 2,072
Reserves: 86,045
Promoter Pledge %: 0.00%
Equity Capital: 2,072
Reserves: 86,045
Promoter Pledge %: 0.00%

Mar 2025

: 40,925
: 31,051
Operating Profit: —
OPM %: —
Other Income: 1,190
Interest: 102
Depreciation: 1,299
: 9,663
Tax %: 27.17%
Net Profit: 7,038
: 17
Equity Capital: 2,073
Reserves: 93,745
Promoter Pledge %: 0.00%
Equity Capital: 2,073
Reserves: 93,745
Promoter Pledge %: 0.00%

Jun 2025

: 42,279
: 32,336
Operating Profit: —
OPM %: —
Other Income: 1,042
Interest: 105
Depreciation: 1,140
: 9,740
Tax %: 28.91%
Net Profit: 6,924
: 17
Equity Capital: 2,074
Reserves: 93,745
Promoter Pledge %: 0.00%
Equity Capital: 2,074
Reserves: 93,745
Promoter Pledge %: 0.00%

Sep 2025

: 44,490
: 33,955
Operating Profit: —
OPM %: —
Other Income: 982
Interest: 106
Depreciation: 1,182
: 10,229
Tax %: 27.90%
Net Profit: 7,375
: 18
Equity Capital: 2,074
Reserves: 93,745
Promoter Pledge %: 0.00%
Equity Capital: 2,074
Reserves: 93,745
Promoter Pledge %: 0.00%

Dec 2025

: 45,479
: 34,845
Operating Profit: —
OPM %: —
Other Income: 1,139
Interest: 100
Depreciation: 1,155
: 9,229
Tax %: 27.77%
Net Profit: 6,666
: 16
Equity Capital: 2,024
Reserves: 93,745
Promoter Pledge %: 0.00%
Equity Capital: 2,024
Reserves: 93,745
Promoter Pledge %: 0.00%

Mar 2026

: 46,402
: 35,235
Operating Profit: —
OPM %: —
Other Income: 1,159
Interest: 105
Depreciation: 1,424
: 10,797
Tax %: 21.19%
Net Profit: 8,509
: 21
Equity Capital: 2,024
Reserves: 90,828
Promoter Pledge %: 0.00%
Equity Capital: 2,024
Reserves: 90,828
Promoter Pledge %: 0.00%

Jun 2026

: 48,211
: 38,167
Operating Profit: —
OPM %: —
Other Income: 984
Interest: 119
Depreciation: 1,246
: 11,028
Tax %: 29.50%
Net Profit: 7,775
: 2
Equity Capital: 2,025
Reserves: 90,828
Promoter Pledge %: 0.00%
Equity Capital: 2,025
Reserves: 90,828
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	68,484	70,522	82,675	90,791	1,00,472	1,21,641	1,46,767	1,53,670	1,62,990	1,78,650	1,84,582
	50,239	51,629	62,505	69,035	72,929	90,150	1,12,284	1,17,245	1,24,069	1,38,988	1,42,202
Operating Profit	21,684	22,204	23,052	25,070	30,090	33,786	37,831	41,136	42,836	46,602	—
OPM %	32	31	28	28	30	28	26	27	26	26	—
Other Income	3,439	3,311	2,882	3,314	2,547	2,295	3,348	4,711	3,915	6,940	4,264
Interest	0	0	0	170	195	200	284	470	416	416	430
Depreciation	1,703	1,863	2,011	2,893	3,267	3,476	4,225	4,678	4,812	4,902	5,007
	19,951	20,270	21,041	22,007	26,628	30,110	33,322	35,988	37,608	39,995	41,283
Tax %	28	21	27	24	27	26	28	27	29	26	27
Net Profit	14,353	16,029	15,410	16,639	19,423	22,146	24,108	26,248	26,750	29,474	30,325
EPS	63	36	35	39	46	52	58	63	64	73	—
Dividend Payout %	41	59	61	45	59	59	58	73	67	66	—
Minority Interest	0	0	-6	-45	-72	-36	-13	-15	-37	-34	-13
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	31	37	36	39	46	53	58	63	64	73	—
Minority Interest	0	0	-6	-45	-72	-36	-13	-15	-37	-34	-13
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	31	37	36	39	46	53	58	63	64	73	—

Mar 2017

: 68,484
: 50,239
Operating Profit: 21,684
OPM %: 32
Other Income: 3,439
Interest: 0
Depreciation: 1,703
: 19,951
Tax %: 28
Net Profit: 14,353
EPS: 63
Dividend Payout %: 41
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 31
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 31

Mar 2018

: 70,522
: 51,629
Operating Profit: 22,204
OPM %: 31
Other Income: 3,311
Interest: 0
Depreciation: 1,863
: 20,270
Tax %: 21
Net Profit: 16,029
EPS: 36
Dividend Payout %: 59
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 37
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 37

Mar 2019

: 82,675
: 62,505
Operating Profit: 23,052
OPM %: 28
Other Income: 2,882
Interest: 0
Depreciation: 2,011
: 21,041
Tax %: 27
Net Profit: 15,410
EPS: 35
Dividend Payout %: 61
Minority Interest: -6
Share of Associates: 0
Adjusted EPS: 36
Minority Interest: -6
Share of Associates: 0
Adjusted EPS: 36

Mar 2020

: 90,791
: 69,035
Operating Profit: 25,070
OPM %: 28
Other Income: 3,314
Interest: 170
Depreciation: 2,893
: 22,007
Tax %: 24
Net Profit: 16,639
EPS: 39
Dividend Payout %: 45
Minority Interest: -45
Share of Associates: 0
Adjusted EPS: 39
Minority Interest: -45
Share of Associates: 0
Adjusted EPS: 39

Mar 2021

: 1,00,472
: 72,929
Operating Profit: 30,090
OPM %: 30
Other Income: 2,547
Interest: 195
Depreciation: 3,267
: 26,628
Tax %: 27
Net Profit: 19,423
EPS: 46
Dividend Payout %: 59
Minority Interest: -72
Share of Associates: 0
Adjusted EPS: 46
Minority Interest: -72
Share of Associates: 0
Adjusted EPS: 46

Mar 2022

: 1,21,641
: 90,150
Operating Profit: 33,786
OPM %: 28
Other Income: 2,295
Interest: 200
Depreciation: 3,476
: 30,110
Tax %: 26
Net Profit: 22,146
EPS: 52
Dividend Payout %: 59
Minority Interest: -36
Share of Associates: 0
Adjusted EPS: 53
Minority Interest: -36
Share of Associates: 0
Adjusted EPS: 53

Mar 2023

: 1,46,767
: 1,12,284
Operating Profit: 37,831
OPM %: 26
Other Income: 3,348
Interest: 284
Depreciation: 4,225
: 33,322
Tax %: 28
Net Profit: 24,108
EPS: 58
Dividend Payout %: 58
Minority Interest: -13
Share of Associates: 0
Adjusted EPS: 58
Minority Interest: -13
Share of Associates: 0
Adjusted EPS: 58

Mar 2024

: 1,53,670
: 1,17,245
Operating Profit: 41,136
OPM %: 27
Other Income: 4,711
Interest: 470
Depreciation: 4,678
: 35,988
Tax %: 27
Net Profit: 26,248
EPS: 63
Dividend Payout %: 73
Minority Interest: -15
Share of Associates: 0
Adjusted EPS: 63
Minority Interest: -15
Share of Associates: 0
Adjusted EPS: 63

Mar 2025

: 1,62,990
: 1,24,069
Operating Profit: 42,836
OPM %: 26
Other Income: 3,915
Interest: 416
Depreciation: 4,812
: 37,608
Tax %: 29
Net Profit: 26,750
EPS: 64
Dividend Payout %: 67
Minority Interest: -37
Share of Associates: 0
Adjusted EPS: 64
Minority Interest: -37
Share of Associates: 0
Adjusted EPS: 64

Mar 2026

: 1,78,650
: 1,38,988
Operating Profit: 46,602
OPM %: 26
Other Income: 6,940
Interest: 416
Depreciation: 4,902
: 39,995
Tax %: 26
Net Profit: 29,474
EPS: 73
Dividend Payout %: 66
Minority Interest: -34
Share of Associates: 0
Adjusted EPS: 73
Minority Interest: -34
Share of Associates: 0
Adjusted EPS: 73

TTM

: 1,84,582
: 1,42,202
Operating Profit: —
OPM %: —
Other Income: 4,264
Interest: 430
Depreciation: 5,007
: 41,283
Tax %: 27
Net Profit: 30,325
EPS: —
Dividend Payout %: —
Minority Interest: -13
Share of Associates: 0
Adjusted EPS: —
Minority Interest: -13
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 12%
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: 8%
5 Years:: 9%
3 Years:: 7%

STOCK PRICE CAGR

10 Years:: 8%
5 Years:: -8%
3 Years:: -7%
1 Year:: -22%

RETURN ON EQUITY

10 Years:: 28%
5 Years:: 31%
3 Years:: 31%
Last Year:: 32%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	1,144	1,088	2,168	2,120	2,124	2,096	2,069	2,071	2,073	2,024
	67,718	63,705	62,551	63,031	73,855	72,646	72,460	85,132	92,677	89,290
Trade Payables	367	694	1,655	2,852	2,645	4,134	3,865	3,956	4,164	4,744
	13,586	13,121	16,992	23,021	28,664	37,797	46,177	46,201	48,881	57,645
Total Liabilities	82,815	78,608	83,366	91,024	1,07,288	1,16,673	1,24,571	1,37,360	1,47,795	1,53,703
ASSETS	-	-	-	-	-	-	-	-	-	-
	14,179	12,574	15,710	23,789	25,505	25,800	29,225	27,622	30,961	33,770
Capital Work in Progress	1,365	1,606	1,388	954	922	416	288	293	814	526
	16,423	12,163	11,261	8,792	14,205	20,324	19,478	24,623	23,541	21,880
	136	141	176	197	217	213	261	30,193	31,158	35,234
Cash & Bank	22,625	19,818	19,568	18,649	24,714	17,472	12,173	14,786	24,455	22,201
	28,087	32,306	35,263	38,643	41,725	52,448	63,146	39,843	36,866	40,092
Total Assets	82,815	78,608	83,366	91,024	1,07,288	1,16,673	1,24,571	1,37,360	1,47,795	1,53,703
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	39,692	34,176	34,240	33,720	36,868	33,582	31,695	50,638	54,249	51,167
Contingent Liabilities	6,714	4,802	3,081	3,583	4,061	4,641	4,762	3,583	2,953	3,117
Book Value per Share	300.97	297.76	149.26	153.66	178.86	178.30	180.11	210.53	228.53	225.58
Face Value	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	39,692	34,176	34,240	33,720	36,868	33,582	31,695	50,638	54,249	51,167
Contingent Liabilities	6,714	4,802	3,081	3,583	4,061	4,641	4,762	3,583	2,953	3,117
Book Value per Share	300.97	297.76	149.26	153.66	178.86	178.30	180.11	210.53	228.53	225.58
Face Value	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00

Mar 2017

Equity Capital: 1,144
: 67,718
Trade Payables: 367
: 13,586
Total Liabilities: 82,815
: 14,179
Capital Work in Progress: 1,365
: 16,423
: 136
Cash & Bank: 22,625
: 28,087
Total Assets: 82,815
Total Debt: 0
Net Working Capital: 39,692
Contingent Liabilities: 6,714
Book Value per Share: 300.97
Face Value: 5.00
Total Debt: 0
Net Working Capital: 39,692
Contingent Liabilities: 6,714
Book Value per Share: 300.97
Face Value: 5.00

Mar 2018

Equity Capital: 1,088
: 63,705
Trade Payables: 694
: 13,121
Total Liabilities: 78,608
: 12,574
Capital Work in Progress: 1,606
: 12,163
: 141
Cash & Bank: 19,818
: 32,306
Total Assets: 78,608
Total Debt: 0
Net Working Capital: 34,176
Contingent Liabilities: 4,802
Book Value per Share: 297.76
Face Value: 5.00
Total Debt: 0
Net Working Capital: 34,176
Contingent Liabilities: 4,802
Book Value per Share: 297.76
Face Value: 5.00

Mar 2019

Equity Capital: 2,168
: 62,551
Trade Payables: 1,655
: 16,992
Total Liabilities: 83,366
: 15,710
Capital Work in Progress: 1,388
: 11,261
: 176
Cash & Bank: 19,568
: 35,263
Total Assets: 83,366
Total Debt: 0
Net Working Capital: 34,240
Contingent Liabilities: 3,081
Book Value per Share: 149.26
Face Value: 5.00
Total Debt: 0
Net Working Capital: 34,240
Contingent Liabilities: 3,081
Book Value per Share: 149.26
Face Value: 5.00

Mar 2020

Equity Capital: 2,120
: 63,031
Trade Payables: 2,852
: 23,021
Total Liabilities: 91,024
: 23,789
Capital Work in Progress: 954
: 8,792
: 197
Cash & Bank: 18,649
: 38,643
Total Assets: 91,024
Total Debt: 0
Net Working Capital: 33,720
Contingent Liabilities: 3,583
Book Value per Share: 153.66
Face Value: 5.00
Total Debt: 0
Net Working Capital: 33,720
Contingent Liabilities: 3,583
Book Value per Share: 153.66
Face Value: 5.00

Mar 2021

Equity Capital: 2,124
: 73,855
Trade Payables: 2,645
: 28,664
Total Liabilities: 1,07,288
: 25,505
Capital Work in Progress: 922
: 14,205
: 217
Cash & Bank: 24,714
: 41,725
Total Assets: 1,07,288
Total Debt: 0
Net Working Capital: 36,868
Contingent Liabilities: 4,061
Book Value per Share: 178.86
Face Value: 5.00
Total Debt: 0
Net Working Capital: 36,868
Contingent Liabilities: 4,061
Book Value per Share: 178.86
Face Value: 5.00

Mar 2022

Equity Capital: 2,096
: 72,646
Trade Payables: 4,134
: 37,797
Total Liabilities: 1,16,673
: 25,800
Capital Work in Progress: 416
: 20,324
: 213
Cash & Bank: 17,472
: 52,448
Total Assets: 1,16,673
Total Debt: 0
Net Working Capital: 33,582
Contingent Liabilities: 4,641
Book Value per Share: 178.30
Face Value: 5.00
Total Debt: 0
Net Working Capital: 33,582
Contingent Liabilities: 4,641
Book Value per Share: 178.30
Face Value: 5.00

Mar 2023

Equity Capital: 2,069
: 72,460
Trade Payables: 3,865
: 46,177
Total Liabilities: 1,24,571
: 29,225
Capital Work in Progress: 288
: 19,478
: 261
Cash & Bank: 12,173
: 63,146
Total Assets: 1,24,571
Total Debt: 0
Net Working Capital: 31,695
Contingent Liabilities: 4,762
Book Value per Share: 180.11
Face Value: 5.00
Total Debt: 0
Net Working Capital: 31,695
Contingent Liabilities: 4,762
Book Value per Share: 180.11
Face Value: 5.00

Mar 2024

Equity Capital: 2,071
: 85,132
Trade Payables: 3,956
: 46,201
Total Liabilities: 1,37,360
: 27,622
Capital Work in Progress: 293
: 24,623
: 30,193
Cash & Bank: 14,786
: 39,843
Total Assets: 1,37,360
Total Debt: 0
Net Working Capital: 50,638
Contingent Liabilities: 3,583
Book Value per Share: 210.53
Face Value: 5.00
Total Debt: 0
Net Working Capital: 50,638
Contingent Liabilities: 3,583
Book Value per Share: 210.53
Face Value: 5.00

Mar 2025

Equity Capital: 2,073
: 92,677
Trade Payables: 4,164
: 48,881
Total Liabilities: 1,47,795
: 30,961
Capital Work in Progress: 814
: 23,541
: 31,158
Cash & Bank: 24,455
: 36,866
Total Assets: 1,47,795
Total Debt: 0
Net Working Capital: 54,249
Contingent Liabilities: 2,953
Book Value per Share: 228.53
Face Value: 5.00
Total Debt: 0
Net Working Capital: 54,249
Contingent Liabilities: 2,953
Book Value per Share: 228.53
Face Value: 5.00

Mar 2026

Equity Capital: 2,024
: 89,290
Trade Payables: 4,744
: 57,645
Total Liabilities: 1,53,703
: 33,770
Capital Work in Progress: 526
: 21,880
: 35,234
Cash & Bank: 22,201
: 40,092
Total Assets: 1,53,703
Total Debt: 0
Net Working Capital: 51,167
Contingent Liabilities: 3,117
Book Value per Share: 225.58
Face Value: 5.00
Total Debt: 0
Net Working Capital: 51,167
Contingent Liabilities: 3,117
Book Value per Share: 225.58
Face Value: 5.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	11,531	13,218	14,841	17,003	23,224	23,885	22,467	25,210	35,694	33,986
Cash from Investing	-14,542	4,452	-575	-239	-7,456	-6,416	-1,209	-5,009	-1,946	1,946
Cash from Financing	-6,939	-20,505	-14,512	-17,591	-9,786	-24,642	-26,695	-17,504	-24,161	-39,786
	-9,950	-2,835	-246	-827	5,982	-7,173	-5,437	2,697	9,587	-3,854
Free Cash Flow	9,040	13,218	9,974	7,179	19,207	22,389	17,058	24,325	29,631	28,955
OCF / Net Profit	0.80	0.82	0.96	1.02	1.20	1.08	0.93	0.96	1.33	1.15
Cumulative 5-Year FCF	0	0	0	0	58,618	71,967	75,807	90,158	1,12,610	1,22,358
OCF / Net Profit	0.80	0.82	0.96	1.02	1.20	1.08	0.93	0.96	1.33	1.15
Cumulative 5-Year FCF	0	0	0	0	58,618	71,967	75,807	90,158	1,12,610	1,22,358

Mar 2017

: 11,531
Cash from Investing: -14,542
Cash from Financing: -6,939
: -9,950
Free Cash Flow: 9,040
OCF / Net Profit: 0.80
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.80
Cumulative 5-Year FCF: 0

Mar 2018

: 13,218
Cash from Investing: 4,452
Cash from Financing: -20,505
: -2,835
Free Cash Flow: 13,218
OCF / Net Profit: 0.82
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.82
Cumulative 5-Year FCF: 0

Mar 2019

: 14,841
Cash from Investing: -575
Cash from Financing: -14,512
: -246
Free Cash Flow: 9,974
OCF / Net Profit: 0.96
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.96
Cumulative 5-Year FCF: 0

Mar 2020

: 17,003
Cash from Investing: -239
Cash from Financing: -17,591
: -827
Free Cash Flow: 7,179
OCF / Net Profit: 1.02
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.02
Cumulative 5-Year FCF: 0

Mar 2021

: 23,224
Cash from Investing: -7,456
Cash from Financing: -9,786
: 5,982
Free Cash Flow: 19,207
OCF / Net Profit: 1.20
Cumulative 5-Year FCF: 58,618
OCF / Net Profit: 1.20
Cumulative 5-Year FCF: 58,618

Mar 2022

: 23,885
Cash from Investing: -6,416
Cash from Financing: -24,642
: -7,173
Free Cash Flow: 22,389
OCF / Net Profit: 1.08
Cumulative 5-Year FCF: 71,967
OCF / Net Profit: 1.08
Cumulative 5-Year FCF: 71,967

Mar 2023

: 22,467
Cash from Investing: -1,209
Cash from Financing: -26,695
: -5,437
Free Cash Flow: 17,058
OCF / Net Profit: 0.93
Cumulative 5-Year FCF: 75,807
OCF / Net Profit: 0.93
Cumulative 5-Year FCF: 75,807

Mar 2024

: 25,210
Cash from Investing: -5,009
Cash from Financing: -17,504
: 2,697
Free Cash Flow: 24,325
OCF / Net Profit: 0.96
Cumulative 5-Year FCF: 90,158
OCF / Net Profit: 0.96
Cumulative 5-Year FCF: 90,158

Mar 2025

: 35,694
Cash from Investing: -1,946
Cash from Financing: -24,161
: 9,587
Free Cash Flow: 29,631
OCF / Net Profit: 1.33
Cumulative 5-Year FCF: 1,12,610
OCF / Net Profit: 1.33
Cumulative 5-Year FCF: 1,12,610

Mar 2026

: 33,986
Cash from Investing: 1,946
Cash from Financing: -39,786
: -3,854
Free Cash Flow: 28,955
OCF / Net Profit: 1.15
Cumulative 5-Year FCF: 1,22,358
OCF / Net Profit: 1.15
Cumulative 5-Year FCF: 1,22,358

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	62.73	73.66	35.53	39.14	45.55	52.74	58.23	63.33	64.43	72.73
Book Value (₹)	300.97	297.76	149.26	153.66	178.86	178.30	180.11	210.53	228.53	225.58
Dividend per Share (₹)	25.75	43.50	21.50	17.50	27.00	31.00	34.00	46.00	43.00	48.00
Cash EPS (₹)	35.09	41.11	40.18	46.07	53.41	61.12	68.47	74.66	76.13	84.92
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	31.66%	31.49%	27.88%	23.96%	29.95%	27.78%	25.78%	23.70%	23.88%	22.20%
Net Margin %	20.96%	22.73%	18.64%	18.33%	19.33%	18.21%	16.43%	17.08%	16.41%	16.50%
ROE %	21.98%	23.99%	23.80%	25.62%	27.52%	29.39%	32.30%	32.46%	29.40%	31.68%
ROCE %	30.52%	30.28%	32.40%	34.01%	37.83%	39.96%	44.58%	44.59%	41.35%	42.84%
	18.21%	19.86%	19.03%	19.08%	19.59%	19.78%	19.99%	20.04%	18.76%	19.55%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	63	66	62	67	69	63	60	66	69	68
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	63	66	62	67	69	63	60	66	69	68
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	0.00x	0.00x	0.00x	130.45x	137.55x	151.55x	118.33x	77.57x	91.40x	97.14x
	3.83x	3.48x	2.84x	2.62x	2.54x	2.00x	1.81x	2.31x	2.27x	1.98x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	9.68%	2.98%	17.23%	9.82%	10.66%	21.07%	20.66%	4.70%	6.06%	9.61%
Operating Profit Growth %	7.34%	2.40%	3.82%	8.75%	20.02%	12.28%	11.97%	8.74%	4.13%	8.79%
Net Profit Growth %	6.41%	11.68%	-3.86%	7.98%	16.73%	14.02%	8.86%	8.88%	1.91%	10.18%
	0.00%	0.00%	0.00%	10.16%	0.00%	0.00%	0.00%	8.77%	1.73%	12.88%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	16.36x	0.00x	0.00x	0.00x	23.66x	24.37x	17.20x
P/B (x)	0.00x	0.00x	0.00x	4.17x	0.00x	0.00x	0.00x	7.12x	6.87x	5.55x
Dividend Yield %	0.00%	0.00%	0.00%	2.73%	0.00%	0.00%	0.00%	3.07%	2.74%	3.84%
	0.00x	0.00x	0.00x	10.09x	0.00x	0.00x	0.00x	14.73x	14.63x	10.39x

Mar 2017

EPS (₹): 62.73
Book Value (₹): 300.97
Dividend per Share (₹): 25.75
Cash EPS (₹): 35.09
Operating Margin %: 31.66%
Net Margin %: 20.96%
ROE %: 21.98%
ROCE %: 30.52%
: 18.21%
Debtor Days: 63
Inventory Days: 0
Payable Days: 0
: 63
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 3.83x
Revenue Growth %: 9.68%
Operating Profit Growth %: 7.34%
Net Profit Growth %: 6.41%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 73.66
Book Value (₹): 297.76
Dividend per Share (₹): 43.50
Cash EPS (₹): 41.11
Operating Margin %: 31.49%
Net Margin %: 22.73%
ROE %: 23.99%
ROCE %: 30.28%
: 19.86%
Debtor Days: 66
Inventory Days: 0
Payable Days: 0
: 66
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 3.48x
Revenue Growth %: 2.98%
Operating Profit Growth %: 2.40%
Net Profit Growth %: 11.68%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 35.53
Book Value (₹): 149.26
Dividend per Share (₹): 21.50
Cash EPS (₹): 40.18
Operating Margin %: 27.88%
Net Margin %: 18.64%
ROE %: 23.80%
ROCE %: 32.40%
: 19.03%
Debtor Days: 62
Inventory Days: 0
Payable Days: 0
: 62
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 2.84x
Revenue Growth %: 17.23%
Operating Profit Growth %: 3.82%
Net Profit Growth %: -3.86%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 39.14
Book Value (₹): 153.66
Dividend per Share (₹): 17.50
Cash EPS (₹): 46.07
Operating Margin %: 23.96%
Net Margin %: 18.33%
ROE %: 25.62%
ROCE %: 34.01%
: 19.08%
Debtor Days: 67
Inventory Days: 0
Payable Days: 0
: 67
Debt to Equity (x): 0.00x
Interest Coverage (x): 130.45x
: 2.62x
Revenue Growth %: 9.82%
Operating Profit Growth %: 8.75%
Net Profit Growth %: 7.98%
: 10.16%
P/E (x): 16.36x
P/B (x): 4.17x
Dividend Yield %: 2.73%
: 10.09x

Mar 2021

EPS (₹): 45.55
Book Value (₹): 178.86
Dividend per Share (₹): 27.00
Cash EPS (₹): 53.41
Operating Margin %: 29.95%
Net Margin %: 19.33%
ROE %: 27.52%
ROCE %: 37.83%
: 19.59%
Debtor Days: 69
Inventory Days: 0
Payable Days: 0
: 69
Debt to Equity (x): 0.00x
Interest Coverage (x): 137.55x
: 2.54x
Revenue Growth %: 10.66%
Operating Profit Growth %: 20.02%
Net Profit Growth %: 16.73%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 52.74
Book Value (₹): 178.30
Dividend per Share (₹): 31.00
Cash EPS (₹): 61.12
Operating Margin %: 27.78%
Net Margin %: 18.21%
ROE %: 29.39%
ROCE %: 39.96%
: 19.78%
Debtor Days: 63
Inventory Days: 0
Payable Days: 0
: 63
Debt to Equity (x): 0.00x
Interest Coverage (x): 151.55x
: 2.00x
Revenue Growth %: 21.07%
Operating Profit Growth %: 12.28%
Net Profit Growth %: 14.02%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 58.23
Book Value (₹): 180.11
Dividend per Share (₹): 34.00
Cash EPS (₹): 68.47
Operating Margin %: 25.78%
Net Margin %: 16.43%
ROE %: 32.30%
ROCE %: 44.58%
: 19.99%
Debtor Days: 60
Inventory Days: 0
Payable Days: 0
: 60
Debt to Equity (x): 0.00x
Interest Coverage (x): 118.33x
: 1.81x
Revenue Growth %: 20.66%
Operating Profit Growth %: 11.97%
Net Profit Growth %: 8.86%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 63.33
Book Value (₹): 210.53
Dividend per Share (₹): 46.00
Cash EPS (₹): 74.66
Operating Margin %: 23.70%
Net Margin %: 17.08%
ROE %: 32.46%
ROCE %: 44.59%
: 20.04%
Debtor Days: 66
Inventory Days: 0
Payable Days: 0
: 66
Debt to Equity (x): 0.00x
Interest Coverage (x): 77.57x
: 2.31x
Revenue Growth %: 4.70%
Operating Profit Growth %: 8.74%
Net Profit Growth %: 8.88%
: 8.77%
P/E (x): 23.66x
P/B (x): 7.12x
Dividend Yield %: 3.07%
: 14.73x

Mar 2025

EPS (₹): 64.43
Book Value (₹): 228.53
Dividend per Share (₹): 43.00
Cash EPS (₹): 76.13
Operating Margin %: 23.88%
Net Margin %: 16.41%
ROE %: 29.40%
ROCE %: 41.35%
: 18.76%
Debtor Days: 69
Inventory Days: 0
Payable Days: 0
: 69
Debt to Equity (x): 0.00x
Interest Coverage (x): 91.40x
: 2.27x
Revenue Growth %: 6.06%
Operating Profit Growth %: 4.13%
Net Profit Growth %: 1.91%
: 1.73%
P/E (x): 24.37x
P/B (x): 6.87x
Dividend Yield %: 2.74%
: 14.63x

Mar 2026

EPS (₹): 72.73
Book Value (₹): 225.58
Dividend per Share (₹): 48.00
Cash EPS (₹): 84.92
Operating Margin %: 22.20%
Net Margin %: 16.50%
ROE %: 31.68%
ROCE %: 42.84%
: 19.55%
Debtor Days: 68
Inventory Days: 0
Payable Days: 0
: 68
Debt to Equity (x): 0.00x
Interest Coverage (x): 97.14x
: 1.98x
Revenue Growth %: 9.61%
Operating Profit Growth %: 8.79%
Net Profit Growth %: 10.18%
: 12.88%
P/E (x): 17.20x
P/B (x): 5.55x
Dividend Yield %: 3.84%
: 10.39x

Shareholding Pattern

Numbers in percentages

TRADES

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
14.61	14.43	14.43	14.60	14.61	14.30	14.52	14.38	13.82
32.73	33.27	33.29	32.88	31.91	30.07	30.26	28.45	27.09
37.28	37.81	38.09	38.32	39.39	41.46	41.08	43.19	42.78
0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
15.17	14.27	13.98	13.98	13.86	13.95	13.93	13.76	16.10

Jun 2024

: 14.61
: 32.73
: 37.28
: 0.02
: 15.17

Sep 2024

: 14.43
: 33.27
: 37.81
: 0.02
: 14.27

Dec 2024

: 14.43
: 33.29
: 38.09
: 0.02
: 13.98

Mar 2025

: 14.60
: 32.88
: 38.32
: 0.02
: 13.98

Jun 2025

: 14.61
: 31.91
: 39.39
: 0.02
: 13.86

Sep 2025

: 14.30
: 30.07
: 41.46
: 0.02
: 13.95

Dec 2025

: 14.52
: 30.26
: 41.08
: 0.02
: 13.93

Mar 2026

: 14.38
: 28.45
: 43.19
: 0.02
: 13.76

Jun 2026

: 13.82
: 27.09
: 42.78
: 0.02
: 16.10

Documents

Announcements

Updates
2026-08-19 - Infosys Limited has informed the Exchange regarding 'Infosys Aster Positioned as a Leader in Everest Group s Marketing Transformation Services PEAK Matrix® Assessment 2026'.
Updates
2026-08-18 - Infosys Limited has informed the Exchange regarding 'Infosys Collaborates with Knorr Bremse To Accelerate AI Enabled Enterprise Transformation'.

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