Infosys Ltd.

•

₹ 1,121-0.8%

2026-08-21

infosys.comBSE: 500209NSE: INFY

Market Cap₹ 4,58,642 Cr.

Current Price₹ 1,121

High / Low₹ 1,728 / 982

Stock P/E0.0

Book Value₹ 213

Price to Book6.39

Dividend Yield4.25 %

ROCE46.3 %

ROE35.3 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2018 • Financial Services: 25.6% • Energy & utilities: 25.0% • Consumer packaged goods and Logistics: 16.5% • Life Sciences and Healthcare: 12.6% • Manufacturing: 10.5% • Hi-tech: 7.7% • Others: 2.1%

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 45.8%
Company has a good return on equity (ROE) track record: 3 Years ROE 34.3%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.96x)
Company has been maintaining a healthy dividend payout of 66.6%

CONS

Operating margins have contracted to 22.5% from 27.9%
Stock is trading at 6.4x 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	2292.55	16.66	829464.65	4.80	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1130.20	15.14	458641.56	4.25	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1319.95	20.56	358190.22	4.09	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	180.65	13.54	178919.77	6.09	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1592.00	30.38	156037.29	3.20	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4540.90	25.75	134692.78	1.65	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11862.05	30.27	103298.44	3.37	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5679.95	46.59	89601.21	0.70	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1880.00	47.40	83269.05	0.84	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2427.50	24.25	46335.33	2.55	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3578.45	28.76	37959.32	1.62	357.10	12.97	2940.10	11.47	27.70	18.65
12.	TATATECH	823.75	60.04	33448.52	1.42	180.75	6.15	1664.63	33.78	19.56	16.64

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	31,811	32,629	32,491	32,001	33,283	34,257	34,915	34,136	35,275	36,907	37,996	38,641	39,957
	23,877	24,635	24,377	24,286	25,119	25,856	26,361	25,757	26,829	28,059	28,826	29,093	30,670
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	1,001	1,350	1,582	3,483	721	1,737	1,001	1,323	882	2,268	2,277	1,063	874
Interest	43	89	82	62	59	61	50	51	55	52	45	54	61
Depreciation	746	738	738	722	698	670	661	590	613	595	585	601	613
	8,146	8,517	8,876	10,414	8,128	9,407	8,844	9,061	8,660	10,469	9,671	9,956	10,161
Tax %	26.88%	26.68%	26.18%	18.57%	29.04%	27.58%	28.11%	26.85%	29.40%	25.89%	23.87%	19.90%	28.66%
Net Profit	5,956	6,245	6,552	8,480	5,768	6,813	6,358	6,628	6,114	7,759	7,363	7,975	7,249
	14	15	16	20	14	16	15	16	15	19	18	20	2
Equity Capital	2,075	2,075	2,075	2,075	2,076	2,076	2,076	2,076	2,077	2,077	2,027	2,027	2,028
Reserves	65,671	65,671	65,671	79,101	79,101	79,101	79,101	85,256	85,256	85,256	85,256	78,847	78,847
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	2,075	2,075	2,075	2,075	2,076	2,076	2,076	2,076	2,077	2,077	2,027	2,027	2,028
Reserves	65,671	65,671	65,671	79,101	79,101	79,101	79,101	85,256	85,256	85,256	85,256	78,847	78,847
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

: 31,811
: 23,877
Operating Profit: —
OPM %: —
Other Income: 1,001
Interest: 43
Depreciation: 746
: 8,146
Tax %: 26.88%
Net Profit: 5,956
: 14
Equity Capital: 2,075
Reserves: 65,671
Promoter Pledge %: 0.00%
Equity Capital: 2,075
Reserves: 65,671
Promoter Pledge %: 0.00%

Sep 2023

: 32,629
: 24,635
Operating Profit: —
OPM %: —
Other Income: 1,350
Interest: 89
Depreciation: 738
: 8,517
Tax %: 26.68%
Net Profit: 6,245
: 15
Equity Capital: 2,075
Reserves: 65,671
Promoter Pledge %: 0.00%
Equity Capital: 2,075
Reserves: 65,671
Promoter Pledge %: 0.00%

Dec 2023

: 32,491
: 24,377
Operating Profit: —
OPM %: —
Other Income: 1,582
Interest: 82
Depreciation: 738
: 8,876
Tax %: 26.18%
Net Profit: 6,552
: 16
Equity Capital: 2,075
Reserves: 65,671
Promoter Pledge %: 0.00%
Equity Capital: 2,075
Reserves: 65,671
Promoter Pledge %: 0.00%

Mar 2024

: 32,001
: 24,286
Operating Profit: —
OPM %: —
Other Income: 3,483
Interest: 62
Depreciation: 722
: 10,414
Tax %: 18.57%
Net Profit: 8,480
: 20
Equity Capital: 2,075
Reserves: 79,101
Promoter Pledge %: 0.00%
Equity Capital: 2,075
Reserves: 79,101
Promoter Pledge %: 0.00%

Jun 2024

: 33,283
: 25,119
Operating Profit: —
OPM %: —
Other Income: 721
Interest: 59
Depreciation: 698
: 8,128
Tax %: 29.04%
Net Profit: 5,768
: 14
Equity Capital: 2,076
Reserves: 79,101
Promoter Pledge %: 0.00%
Equity Capital: 2,076
Reserves: 79,101
Promoter Pledge %: 0.00%

Sep 2024

: 34,257
: 25,856
Operating Profit: —
OPM %: —
Other Income: 1,737
Interest: 61
Depreciation: 670
: 9,407
Tax %: 27.58%
Net Profit: 6,813
: 16
Equity Capital: 2,076
Reserves: 79,101
Promoter Pledge %: 0.00%
Equity Capital: 2,076
Reserves: 79,101
Promoter Pledge %: 0.00%

Dec 2024

: 34,915
: 26,361
Operating Profit: —
OPM %: —
Other Income: 1,001
Interest: 50
Depreciation: 661
: 8,844
Tax %: 28.11%
Net Profit: 6,358
: 15
Equity Capital: 2,076
Reserves: 79,101
Promoter Pledge %: 0.00%
Equity Capital: 2,076
Reserves: 79,101
Promoter Pledge %: 0.00%

Mar 2025

: 34,136
: 25,757
Operating Profit: —
OPM %: —
Other Income: 1,323
Interest: 51
Depreciation: 590
: 9,061
Tax %: 26.85%
Net Profit: 6,628
: 16
Equity Capital: 2,076
Reserves: 85,256
Promoter Pledge %: 0.00%
Equity Capital: 2,076
Reserves: 85,256
Promoter Pledge %: 0.00%

Jun 2025

: 35,275
: 26,829
Operating Profit: —
OPM %: —
Other Income: 882
Interest: 55
Depreciation: 613
: 8,660
Tax %: 29.40%
Net Profit: 6,114
: 15
Equity Capital: 2,077
Reserves: 85,256
Promoter Pledge %: 0.00%
Equity Capital: 2,077
Reserves: 85,256
Promoter Pledge %: 0.00%

Sep 2025

: 36,907
: 28,059
Operating Profit: —
OPM %: —
Other Income: 2,268
Interest: 52
Depreciation: 595
: 10,469
Tax %: 25.89%
Net Profit: 7,759
: 19
Equity Capital: 2,077
Reserves: 85,256
Promoter Pledge %: 0.00%
Equity Capital: 2,077
Reserves: 85,256
Promoter Pledge %: 0.00%

Dec 2025

: 37,996
: 28,826
Operating Profit: —
OPM %: —
Other Income: 2,277
Interest: 45
Depreciation: 585
: 9,671
Tax %: 23.87%
Net Profit: 7,363
: 18
Equity Capital: 2,027
Reserves: 85,256
Promoter Pledge %: 0.00%
Equity Capital: 2,027
Reserves: 85,256
Promoter Pledge %: 0.00%

Mar 2026

: 38,641
: 29,093
Operating Profit: —
OPM %: —
Other Income: 1,063
Interest: 54
Depreciation: 601
: 9,956
Tax %: 19.90%
Net Profit: 7,975
: 20
Equity Capital: 2,027
Reserves: 78,847
Promoter Pledge %: 0.00%
Equity Capital: 2,027
Reserves: 78,847
Promoter Pledge %: 0.00%

Jun 2026

: 39,957
: 30,670
Operating Profit: —
OPM %: —
Other Income: 874
Interest: 61
Depreciation: 613
: 10,161
Tax %: 28.66%
Net Profit: 7,249
: 2
Equity Capital: 2,028
Reserves: 78,847
Promoter Pledge %: 0.00%
Equity Capital: 2,028
Reserves: 78,847
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	59,289	61,941	73,107	79,047	85,912	1,03,940	1,24,014	1,28,933	1,36,592	1,48,819	1,53,501
	42,406	44,778	54,439	59,540	61,734	76,112	93,851	97,176	1,03,420	1,15,394	1,16,648
Operating Profit	20,269	21,316	21,526	22,735	26,924	31,052	34,553	39,174	38,281	42,504	—
OPM %	34	34	29	29	31	30	28	30	28	29	—
Other Income	3,386	4,153	2,858	3,228	2,746	3,224	4,390	7,417	5,109	9,079	6,482
Interest	0	0	0	114	126	128	157	277	221	207	212
Depreciation	1,331	1,408	1,599	2,144	2,321	2,429	2,753	2,944	2,619	2,394	2,394
	18,938	19,908	19,927	20,477	24,477	28,495	31,643	35,953	35,441	38,757	40,257
Tax %	27	19	26	24	26	25	26	24	28	25	25
Net Profit	13,818	16,155	14,702	15,543	18,048	21,235	23,268	27,234	25,568	29,211	30,346
EPS	60	36	34	36	42	50	55	66	62	72	—
Dividend Payout %	43	59	64	48	64	61	61	70	70	67	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	30	37	34	37	42	50	56	66	62	72	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	30	37	34	37	42	50	56	66	62	72	—

Mar 2017

: 59,289
: 42,406
Operating Profit: 20,269
OPM %: 34
Other Income: 3,386
Interest: 0
Depreciation: 1,331
: 18,938
Tax %: 27
Net Profit: 13,818
EPS: 60
Dividend Payout %: 43
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 30
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 30

Mar 2018

: 61,941
: 44,778
Operating Profit: 21,316
OPM %: 34
Other Income: 4,153
Interest: 0
Depreciation: 1,408
: 19,908
Tax %: 19
Net Profit: 16,155
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

: 73,107
: 54,439
Operating Profit: 21,526
OPM %: 29
Other Income: 2,858
Interest: 0
Depreciation: 1,599
: 19,927
Tax %: 26
Net Profit: 14,702
EPS: 34
Dividend Payout %: 64
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 34
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 34

Mar 2020

: 79,047
: 59,540
Operating Profit: 22,735
OPM %: 29
Other Income: 3,228
Interest: 114
Depreciation: 2,144
: 20,477
Tax %: 24
Net Profit: 15,543
EPS: 36
Dividend Payout %: 48
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 37
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 37

Mar 2021

: 85,912
: 61,734
Operating Profit: 26,924
OPM %: 31
Other Income: 2,746
Interest: 126
Depreciation: 2,321
: 24,477
Tax %: 26
Net Profit: 18,048
EPS: 42
Dividend Payout %: 64
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 42
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 42

Mar 2022

: 1,03,940
: 76,112
Operating Profit: 31,052
OPM %: 30
Other Income: 3,224
Interest: 128
Depreciation: 2,429
: 28,495
Tax %: 25
Net Profit: 21,235
EPS: 50
Dividend Payout %: 61
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 50
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 50

Mar 2023

: 1,24,014
: 93,851
Operating Profit: 34,553
OPM %: 28
Other Income: 4,390
Interest: 157
Depreciation: 2,753
: 31,643
Tax %: 26
Net Profit: 23,268
EPS: 55
Dividend Payout %: 61
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 56
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 56

Mar 2024

: 1,28,933
: 97,176
Operating Profit: 39,174
OPM %: 30
Other Income: 7,417
Interest: 277
Depreciation: 2,944
: 35,953
Tax %: 24
Net Profit: 27,234
EPS: 66
Dividend Payout %: 70
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 66
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 66

Mar 2025

: 1,36,592
: 1,03,420
Operating Profit: 38,281
OPM %: 28
Other Income: 5,109
Interest: 221
Depreciation: 2,619
: 35,441
Tax %: 28
Net Profit: 25,568
EPS: 62
Dividend Payout %: 70
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 62
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 62

Mar 2026

: 1,48,819
: 1,15,394
Operating Profit: 42,504
OPM %: 29
Other Income: 9,079
Interest: 207
Depreciation: 2,394
: 38,757
Tax %: 25
Net Profit: 29,211
EPS: 72
Dividend Payout %: 67
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 72
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 72

TTM

: 1,53,501
: 1,16,648
Operating Profit: —
OPM %: —
Other Income: 6,482
Interest: 212
Depreciation: 2,394
: 40,257
Tax %: 25
Net Profit: 30,346
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 12%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

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

STOCK PRICE CAGR

10 Years:: 8%
5 Years:: -8%
3 Years:: -7%
1 Year:: -25%

RETURN ON EQUITY

10 Years:: 29%
5 Years:: 34%
3 Years:: 34%
Last Year:: 35%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	1,148	1,092	2,178	2,129	2,130	2,103	2,074	2,075	2,076	2,027
	66,749	62,280	60,306	59,808	69,029	66,597	64,793	78,188	84,187	77,308
Trade Payables	269	738	1,604	1,529	1,562	2,669	2,426	2,493	2,728	3,539
	11,373	10,639	13,728	16,146	20,263	27,048	31,265	32,194	35,448	42,470
Total Liabilities	79,539	74,749	77,816	79,612	92,984	98,417	1,00,558	1,14,950	1,24,439	1,25,344
ASSETS	-	-	-	-	-	-	-	-	-	-
	8,605	9,157	10,497	13,974	14,599	14,938	15,431	14,327	13,359	13,836
Capital Work in Progress	1,247	1,442	1,212	945	906	411	275	277	778	512
	24,977	17,899	18,139	17,922	24,155	28,336	28,162	34,659	38,518	38,075
	123	129	164	182	194	169	211	25,152	26,413	30,337
Cash & Bank	19,153	16,770	15,551	13,562	17,612	12,270	6,534	8,191	14,265	8,727
	25,434	29,352	32,253	33,027	35,518	42,293	49,945	32,344	31,106	33,857
Total Assets	79,539	74,749	77,816	79,612	92,984	98,417	1,00,558	1,14,950	1,24,439	1,25,344
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	35,896	30,903	30,793	28,600	30,660	27,461	24,640	43,866	45,406	40,794
Contingent Liabilities	6,596	4,627	2,947	3,410	3,753	4,245	4,316	2,649	1,772	1,944
Book Value per Share	295.72	290.16	143.44	145.46	167.04	163.34	161.20	193.40	207.76	195.70
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	35,896	30,903	30,793	28,600	30,660	27,461	24,640	43,866	45,406	40,794
Contingent Liabilities	6,596	4,627	2,947	3,410	3,753	4,245	4,316	2,649	1,772	1,944
Book Value per Share	295.72	290.16	143.44	145.46	167.04	163.34	161.20	193.40	207.76	195.70
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: 1,148
: 66,749
Trade Payables: 269
: 11,373
Total Liabilities: 79,539
: 8,605
Capital Work in Progress: 1,247
: 24,977
: 123
Cash & Bank: 19,153
: 25,434
Total Assets: 79,539
Total Debt: 0
Net Working Capital: 35,896
Contingent Liabilities: 6,596
Book Value per Share: 295.72
Face Value: 5.00
Total Debt: 0
Net Working Capital: 35,896
Contingent Liabilities: 6,596
Book Value per Share: 295.72
Face Value: 5.00

Mar 2018

Equity Capital: 1,092
: 62,280
Trade Payables: 738
: 10,639
Total Liabilities: 74,749
: 9,157
Capital Work in Progress: 1,442
: 17,899
: 129
Cash & Bank: 16,770
: 29,352
Total Assets: 74,749
Total Debt: 0
Net Working Capital: 30,903
Contingent Liabilities: 4,627
Book Value per Share: 290.16
Face Value: 5.00
Total Debt: 0
Net Working Capital: 30,903
Contingent Liabilities: 4,627
Book Value per Share: 290.16
Face Value: 5.00

Mar 2019

Equity Capital: 2,178
: 60,306
Trade Payables: 1,604
: 13,728
Total Liabilities: 77,816
: 10,497
Capital Work in Progress: 1,212
: 18,139
: 164
Cash & Bank: 15,551
: 32,253
Total Assets: 77,816
Total Debt: 0
Net Working Capital: 30,793
Contingent Liabilities: 2,947
Book Value per Share: 143.44
Face Value: 5.00
Total Debt: 0
Net Working Capital: 30,793
Contingent Liabilities: 2,947
Book Value per Share: 143.44
Face Value: 5.00

Mar 2020

Equity Capital: 2,129
: 59,808
Trade Payables: 1,529
: 16,146
Total Liabilities: 79,612
: 13,974
Capital Work in Progress: 945
: 17,922
: 182
Cash & Bank: 13,562
: 33,027
Total Assets: 79,612
Total Debt: 0
Net Working Capital: 28,600
Contingent Liabilities: 3,410
Book Value per Share: 145.46
Face Value: 5.00
Total Debt: 0
Net Working Capital: 28,600
Contingent Liabilities: 3,410
Book Value per Share: 145.46
Face Value: 5.00

Mar 2021

Equity Capital: 2,130
: 69,029
Trade Payables: 1,562
: 20,263
Total Liabilities: 92,984
: 14,599
Capital Work in Progress: 906
: 24,155
: 194
Cash & Bank: 17,612
: 35,518
Total Assets: 92,984
Total Debt: 0
Net Working Capital: 30,660
Contingent Liabilities: 3,753
Book Value per Share: 167.04
Face Value: 5.00
Total Debt: 0
Net Working Capital: 30,660
Contingent Liabilities: 3,753
Book Value per Share: 167.04
Face Value: 5.00

Mar 2022

Equity Capital: 2,103
: 66,597
Trade Payables: 2,669
: 27,048
Total Liabilities: 98,417
: 14,938
Capital Work in Progress: 411
: 28,336
: 169
Cash & Bank: 12,270
: 42,293
Total Assets: 98,417
Total Debt: 0
Net Working Capital: 27,461
Contingent Liabilities: 4,245
Book Value per Share: 163.34
Face Value: 5.00
Total Debt: 0
Net Working Capital: 27,461
Contingent Liabilities: 4,245
Book Value per Share: 163.34
Face Value: 5.00

Mar 2023

Equity Capital: 2,074
: 64,793
Trade Payables: 2,426
: 31,265
Total Liabilities: 1,00,558
: 15,431
Capital Work in Progress: 275
: 28,162
: 211
Cash & Bank: 6,534
: 49,945
Total Assets: 1,00,558
Total Debt: 0
Net Working Capital: 24,640
Contingent Liabilities: 4,316
Book Value per Share: 161.20
Face Value: 5.00
Total Debt: 0
Net Working Capital: 24,640
Contingent Liabilities: 4,316
Book Value per Share: 161.20
Face Value: 5.00

Mar 2024

Equity Capital: 2,075
: 78,188
Trade Payables: 2,493
: 32,194
Total Liabilities: 1,14,950
: 14,327
Capital Work in Progress: 277
: 34,659
: 25,152
Cash & Bank: 8,191
: 32,344
Total Assets: 1,14,950
Total Debt: 0
Net Working Capital: 43,866
Contingent Liabilities: 2,649
Book Value per Share: 193.40
Face Value: 5.00
Total Debt: 0
Net Working Capital: 43,866
Contingent Liabilities: 2,649
Book Value per Share: 193.40
Face Value: 5.00

Mar 2025

Equity Capital: 2,076
: 84,187
Trade Payables: 2,728
: 35,448
Total Liabilities: 1,24,439
: 13,359
Capital Work in Progress: 778
: 38,518
: 26,413
Cash & Bank: 14,265
: 31,106
Total Assets: 1,24,439
Total Debt: 0
Net Working Capital: 45,406
Contingent Liabilities: 1,772
Book Value per Share: 207.76
Face Value: 5.00
Total Debt: 0
Net Working Capital: 45,406
Contingent Liabilities: 1,772
Book Value per Share: 207.76
Face Value: 5.00

Mar 2026

Equity Capital: 2,027
: 77,308
Trade Payables: 3,539
: 42,470
Total Liabilities: 1,25,344
: 13,836
Capital Work in Progress: 512
: 38,075
: 30,337
Cash & Bank: 8,727
: 33,857
Total Assets: 1,25,344
Total Debt: 0
Net Working Capital: 40,794
Contingent Liabilities: 1,944
Book Value per Share: 195.70
Face Value: 5.00
Total Debt: 0
Net Working Capital: 40,794
Contingent Liabilities: 1,944
Book Value per Share: 195.70
Face Value: 5.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10,478	12,475	13,989	15,572	19,902	22,096	19,169	20,787	29,409	28,164
Cash from Investing	-13,494	5,684	-587	-116	-6,309	-3,150	821	-3,261	-1,943	4,086
Cash from Financing	-6,968	-20,536	-14,571	-17,391	-9,566	-24,275	-25,857	-15,825	-21,379	-37,787
	-9,984	-2,377	-1,169	-1,935	4,027	-5,329	-5,867	1,701	6,087	-5,537
Free Cash Flow	8,664	10,377	11,693	10,746	17,289	21,246	17,815	20,318	28,867	27,454
OCF / Net Profit	0.76	0.77	0.95	1.00	1.10	1.04	0.82	0.76	1.15	0.96
Cumulative 5-Year FCF	0	0	0	0	58,769	71,351	78,789	87,414	1,05,535	1,15,700
OCF / Net Profit	0.76	0.77	0.95	1.00	1.10	1.04	0.82	0.76	1.15	0.96
Cumulative 5-Year FCF	0	0	0	0	58,769	71,351	78,789	87,414	1,05,535	1,15,700

Mar 2017

: 10,478
Cash from Investing: -13,494
Cash from Financing: -6,968
: -9,984
Free Cash Flow: 8,664
OCF / Net Profit: 0.76
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.76
Cumulative 5-Year FCF: 0

Mar 2018

: 12,475
Cash from Investing: 5,684
Cash from Financing: -20,536
: -2,377
Free Cash Flow: 10,377
OCF / Net Profit: 0.77
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.77
Cumulative 5-Year FCF: 0

Mar 2019

: 13,989
Cash from Investing: -587
Cash from Financing: -14,571
: -1,169
Free Cash Flow: 11,693
OCF / Net Profit: 0.95
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.95
Cumulative 5-Year FCF: 0

Mar 2020

: 15,572
Cash from Investing: -116
Cash from Financing: -17,391
: -1,935
Free Cash Flow: 10,746
OCF / Net Profit: 1.00
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.00
Cumulative 5-Year FCF: 0

Mar 2021

: 19,902
Cash from Investing: -6,309
Cash from Financing: -9,566
: 4,027
Free Cash Flow: 17,289
OCF / Net Profit: 1.10
Cumulative 5-Year FCF: 58,769
OCF / Net Profit: 1.10
Cumulative 5-Year FCF: 58,769

Mar 2022

: 22,096
Cash from Investing: -3,150
Cash from Financing: -24,275
: -5,329
Free Cash Flow: 21,246
OCF / Net Profit: 1.04
Cumulative 5-Year FCF: 71,351
OCF / Net Profit: 1.04
Cumulative 5-Year FCF: 71,351

Mar 2023

: 19,169
Cash from Investing: 821
Cash from Financing: -25,857
: -5,867
Free Cash Flow: 17,815
OCF / Net Profit: 0.82
Cumulative 5-Year FCF: 78,789
OCF / Net Profit: 0.82
Cumulative 5-Year FCF: 78,789

Mar 2024

: 20,787
Cash from Investing: -3,261
Cash from Financing: -15,825
: 1,701
Free Cash Flow: 20,318
OCF / Net Profit: 0.76
Cumulative 5-Year FCF: 87,414
OCF / Net Profit: 0.76
Cumulative 5-Year FCF: 87,414

Mar 2025

: 29,409
Cash from Investing: -1,943
Cash from Financing: -21,379
: 6,087
Free Cash Flow: 28,867
OCF / Net Profit: 1.15
Cumulative 5-Year FCF: 1,05,535
OCF / Net Profit: 1.15
Cumulative 5-Year FCF: 1,05,535

Mar 2026

: 28,164
Cash from Investing: 4,086
Cash from Financing: -37,787
: -5,537
Free Cash Flow: 27,454
OCF / Net Profit: 0.96
Cumulative 5-Year FCF: 1,15,700
OCF / Net Profit: 0.96
Cumulative 5-Year FCF: 1,15,700

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	60.18	73.97	33.75	36.50	42.37	50.49	56.09	65.62	61.58	72.05
Book Value (₹)	295.72	290.16	143.44	145.46	167.04	163.34	161.20	193.40	207.76	195.70
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 (₹)	32.99	40.21	37.42	41.54	47.81	56.26	62.73	72.72	67.89	77.96
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	34.19%	34.41%	29.44%	24.68%	31.34%	29.87%	27.86%	24.63%	24.29%	22.46%
Net Margin %	23.31%	26.08%	20.11%	19.66%	21.01%	20.43%	18.76%	21.12%	18.72%	19.63%
ROE %	21.43%	24.61%	23.36%	24.98%	27.12%	30.37%	34.33%	37.02%	30.71%	35.28%
ROCE %	29.34%	30.27%	31.58%	32.96%	36.79%	40.65%	46.41%	48.66%	42.33%	46.33%
	18.20%	20.94%	19.27%	19.75%	20.91%	22.19%	23.39%	25.27%	21.36%	23.39%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	64	68	64	67	68	62	58	65	69	70
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	64	68	64	67	68	62	58	65	69	70
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	180.62x	195.26x	223.62x	202.55x	130.79x	161.37x	188.23x
	4.05x	3.65x	3.00x	2.88x	2.74x	2.10x	1.90x	2.62x	2.43x	2.03x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	9.83%	4.47%	18.03%	8.13%	8.68%	20.98%	19.31%	3.97%	5.94%	8.95%
Operating Profit Growth %	8.30%	5.17%	0.99%	5.62%	18.43%	15.33%	11.27%	13.37%	-2.28%	11.03%
Net Profit Growth %	8.86%	16.91%	-8.99%	5.72%	16.12%	17.66%	9.57%	17.04%	-6.12%	14.25%
	0.00%	0.00%	0.00%	8.15%	0.00%	0.00%	0.00%	16.99%	-6.16%	17.01%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	17.54x	0.00x	0.00x	0.00x	22.84x	25.50x	17.36x
P/B (x)	0.00x	0.00x	0.00x	4.40x	0.00x	0.00x	0.00x	7.75x	7.56x	6.39x
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	11.40x	0.00x	0.00x	0.00x	15.67x	16.66x	11.73x

Mar 2017

EPS (₹): 60.18
Book Value (₹): 295.72
Dividend per Share (₹): 25.75
Cash EPS (₹): 32.99
Operating Margin %: 34.19%
Net Margin %: 23.31%
ROE %: 21.43%
ROCE %: 29.34%
: 18.20%
Debtor Days: 64
Inventory Days: 0
Payable Days: 0
: 64
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 4.05x
Revenue Growth %: 9.83%
Operating Profit Growth %: 8.30%
Net Profit Growth %: 8.86%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 73.97
Book Value (₹): 290.16
Dividend per Share (₹): 43.50
Cash EPS (₹): 40.21
Operating Margin %: 34.41%
Net Margin %: 26.08%
ROE %: 24.61%
ROCE %: 30.27%
: 20.94%
Debtor Days: 68
Inventory Days: 0
Payable Days: 0
: 68
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 3.65x
Revenue Growth %: 4.47%
Operating Profit Growth %: 5.17%
Net Profit Growth %: 16.91%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 33.75
Book Value (₹): 143.44
Dividend per Share (₹): 21.50
Cash EPS (₹): 37.42
Operating Margin %: 29.44%
Net Margin %: 20.11%
ROE %: 23.36%
ROCE %: 31.58%
: 19.27%
Debtor Days: 64
Inventory Days: 0
Payable Days: 0
: 64
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 3.00x
Revenue Growth %: 18.03%
Operating Profit Growth %: 0.99%
Net Profit Growth %: -8.99%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 36.50
Book Value (₹): 145.46
Dividend per Share (₹): 17.50
Cash EPS (₹): 41.54
Operating Margin %: 24.68%
Net Margin %: 19.66%
ROE %: 24.98%
ROCE %: 32.96%
: 19.75%
Debtor Days: 67
Inventory Days: 0
Payable Days: 0
: 67
Debt to Equity (x): 0.00x
Interest Coverage (x): 180.62x
: 2.88x
Revenue Growth %: 8.13%
Operating Profit Growth %: 5.62%
Net Profit Growth %: 5.72%
: 8.15%
P/E (x): 17.54x
P/B (x): 4.40x
Dividend Yield %: 2.73%
: 11.40x

Mar 2021

EPS (₹): 42.37
Book Value (₹): 167.04
Dividend per Share (₹): 27.00
Cash EPS (₹): 47.81
Operating Margin %: 31.34%
Net Margin %: 21.01%
ROE %: 27.12%
ROCE %: 36.79%
: 20.91%
Debtor Days: 68
Inventory Days: 0
Payable Days: 0
: 68
Debt to Equity (x): 0.00x
Interest Coverage (x): 195.26x
: 2.74x
Revenue Growth %: 8.68%
Operating Profit Growth %: 18.43%
Net Profit Growth %: 16.12%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 50.49
Book Value (₹): 163.34
Dividend per Share (₹): 31.00
Cash EPS (₹): 56.26
Operating Margin %: 29.87%
Net Margin %: 20.43%
ROE %: 30.37%
ROCE %: 40.65%
: 22.19%
Debtor Days: 62
Inventory Days: 0
Payable Days: 0
: 62
Debt to Equity (x): 0.00x
Interest Coverage (x): 223.62x
: 2.10x
Revenue Growth %: 20.98%
Operating Profit Growth %: 15.33%
Net Profit Growth %: 17.66%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 56.09
Book Value (₹): 161.20
Dividend per Share (₹): 34.00
Cash EPS (₹): 62.73
Operating Margin %: 27.86%
Net Margin %: 18.76%
ROE %: 34.33%
ROCE %: 46.41%
: 23.39%
Debtor Days: 58
Inventory Days: 0
Payable Days: 0
: 58
Debt to Equity (x): 0.00x
Interest Coverage (x): 202.55x
: 1.90x
Revenue Growth %: 19.31%
Operating Profit Growth %: 11.27%
Net Profit Growth %: 9.57%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 65.62
Book Value (₹): 193.40
Dividend per Share (₹): 46.00
Cash EPS (₹): 72.72
Operating Margin %: 24.63%
Net Margin %: 21.12%
ROE %: 37.02%
ROCE %: 48.66%
: 25.27%
Debtor Days: 65
Inventory Days: 0
Payable Days: 0
: 65
Debt to Equity (x): 0.00x
Interest Coverage (x): 130.79x
: 2.62x
Revenue Growth %: 3.97%
Operating Profit Growth %: 13.37%
Net Profit Growth %: 17.04%
: 16.99%
P/E (x): 22.84x
P/B (x): 7.75x
Dividend Yield %: 3.07%
: 15.67x

Mar 2025

EPS (₹): 61.58
Book Value (₹): 207.76
Dividend per Share (₹): 43.00
Cash EPS (₹): 67.89
Operating Margin %: 24.29%
Net Margin %: 18.72%
ROE %: 30.71%
ROCE %: 42.33%
: 21.36%
Debtor Days: 69
Inventory Days: 0
Payable Days: 0
: 69
Debt to Equity (x): 0.00x
Interest Coverage (x): 161.37x
: 2.43x
Revenue Growth %: 5.94%
Operating Profit Growth %: -2.28%
Net Profit Growth %: -6.12%
: -6.16%
P/E (x): 25.50x
P/B (x): 7.56x
Dividend Yield %: 2.74%
: 16.66x

Mar 2026

EPS (₹): 72.05
Book Value (₹): 195.70
Dividend per Share (₹): 48.00
Cash EPS (₹): 77.96
Operating Margin %: 22.46%
Net Margin %: 19.63%
ROE %: 35.28%
ROCE %: 46.33%
: 23.39%
Debtor Days: 70
Inventory Days: 0
Payable Days: 0
: 70
Debt to Equity (x): 0.00x
Interest Coverage (x): 188.23x
: 2.03x
Revenue Growth %: 8.95%
Operating Profit Growth %: 11.03%
Net Profit Growth %: 14.25%
: 17.01%
P/E (x): 17.36x
P/B (x): 6.39x
Dividend Yield %: 3.84%
: 11.73x

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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