Infosys

₹1374.5 -15 | 1.1%

WEBSITE BSE:500209 NSE : INFOSYS LTD 23 Mar, 16:01

Market Cap ₹570220 Cr.

Stock P/E 24.3

P/B 6.6

Current Price ₹1374.5

Book Value ₹ 208.6

Face Value 5

52W High ₹1918.5

Dividend Yield 2.26%

52W Low ₹ 1355.5

Edit Ratio

Infosys Research see more...

Equity Research Report: INFY

Infy tumbled after Q4FY22 subdued report card; what’s next?

Overview Inc. Year: 1981Industry: IT - Software

Infosys Limited together with its subsidiaries engaged in consulting, generation, outsourcing, and next-technology digital offerings. Its segments are Financial Services and Insurance, Manufacturing, Retail, Consumer Packaged Goods and Logistics, Energy, Utilities, Resources and Services, Communication, Telecom OEM and Media, Hi-Tech, Life Sciences and Healthcare, and all other segments. All other segments represent the working segments of businesses in India, Japan, China. Its primary services consist of software control offerings, proprietary software development services, unbiased validation solutions, product engineering and control, infrastructure control offerings, traditional employer application implementation, and support and integration offerings. Its merchandise and systems include Finacle, Panaya, Skava, and LEAP.

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Infosys Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	24570	25927	26311	27896	29602	31867	32276	34470	36538	38318
Other Income	570	611	545	622	524	512	637	676	584	769
Total Income	25140	26538	26856	28518	30126	32379	32913	35146	37122	39087
Total Expenditure	17487	18512	19040	20464	21771	23484	24430	26606	27636	28951
Operating Profit	7653	8026	7816	8054	8355	8895	8483	8540	9486	10136
Interest	48	49	50	49	48	53	50	56	66	80
Depreciation	855	826	831	829	859	899	890	950	1029	1125
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	6750	7151	6935	7176	7448	7943	7543	7534	8391	8931
Provision for Tax	1892	1936	1857	1975	2020	2121	1848	2172	2365	2345
Profit After Tax	4858	5215	5078	5201	5428	5822	5695	5362	6026	6586
Adjustments	-13	-18	-2	-6	-7	-13	-9	-2	-5	0
Profit After Adjustments	4845	5197	5076	5195	5421	5809	5686	5360	6021	6586
Adjusted Earnings Per Share	11.4	12.2	11.9	12.2	12.9	13.9	13.6	12.8	14.3	15.8

Infosys Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	33734	40352	50133	53319	62441	68484	70522	82675	90791	100472	121641	141602
Other Income	1904	2365	2664	3430	3169	3439	3311	2882	3314	2547	2295	2666
Total Income	35638	42717	52797	56749	65610	71923	73833	85557	94105	103019	123936	144268
Total Expenditure	23007	28814	36743	38436	45408	50239	51629	62505	69035	72929	90150	107623
Operating Profit	12631	13903	16054	18313	20202	21684	22204	23052	25070	30090	33786	36645
Interest	4	5	9	12	0	0	0	0	170	195	200	252
Depreciation	928	1099	1317	1017	1459	1703	1863	2011	2893	3267	3476	3994
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	11699	12799	14728	17284	18740	19981	20341	21041	22007	26628	30110	32399
Provision for Tax	3367	3370	4072	4911	5251	5598	4241	5631	5368	7205	7964	8730
Profit After Tax	8332	9429	10656	12373	13489	14383	16100	15410	16639	19423	22146	23669
Adjustments	0	0	0	-1	0	-30	-71	-6	-45	-72	-36	-16
Profit After Adjustments	8332	9429	10656	12372	13489	14353	16029	15404	16594	19351	22110	23653
Adjusted Earnings Per Share	18.2	20.6	23.3	27	29.5	31.4	36.8	35.5	39.1	45.6	52.7	56.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	21%	14%	12%	14%
Operating Profit CAGR	12%	14%	9%	10%
PAT CAGR	14%	13%	9%	10%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-27%	38%	19%	14%
ROE Average	29%	28%	26%	26%
ROCE Average	40%	37%	35%	35%

Infosys Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	31332	37994	44530	50736	61744	68982	64923	64948	65450	76351	75350
Minority's Interest	0	0	0	0	0	0	1	58	394	431	386
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	-142	-231	-224	-486	-169	-180	-421	-278	4324	6641	7334
Total Current Liabilities	6902	8099	12031	15503	13239	14013	14105	18638	20856	23865	33603
Total Liabilities	38092	45862	56337	65753	74814	82815	78608	83366	91024	107288	116673
Fixed Assets	5555	7139	8378	11346	13386	14179	12574	15710	23789	25505	25800
Other Non-Current Assets	2276	3380	4881	7165	9675	14931	16017	14778	12659	21050	23688
Total Current Assets	30261	35343	43078	47242	51753	53705	50017	52878	54576	60733	67185
Total Assets	38092	45862	56337	65753	74814	82815	78608	83366	91024	107288	116673

Infosys Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	16666	20591	21832	25950	30367	32697	22625	19871	19568	18649	24714
Cash Flow from Operating Activities	6308	7373	9825	8353	10028	11531	13218	14841	17003	23224	23885
Cash Flow from Investing Activities	-147	-3020	-2577	1088	-901	-14542	4452	-575	-239	-7456	-6416
Cash Flow from Financing Activities	-2322	-3210	-3144	-4935	-6813	-6939	-20505	-14512	-17591	-9786	-24642
Net Cash Inflow / Outflow	3839	1143	4104	4506	2314	-9950	-2835	-246	-827	5982	-7173
Closing Cash & Cash Equivalent	20591	21832	25950	30367	32697	22625	19871	19568	18649	24714	17472

Infosys Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	18.21	20.61	23.29	27.04	29.48	31.37	36.83	35.53	39.14	45.55	52.74
CEPS(Rs)	20.24	23.01	26.16	29.26	32.67	35.15	41.28	40.18	46.07	53.41	61.12
DPS(Rs)	47	42	63	59.5	24.25	25.75	43.5	21.5	17.5	27	31
Book NAV/Share(Rs)	68.47	83.03	97.31	110.87	134.91	150.49	148.88	149.26	153.66	178.86	178.3
Core EBITDA Margin(%)	31.8	28.59	26.71	27.91	27.28	26.64	26.79	24.4	23.96	27.41	25.89
EBIT Margin(%)	34.69	31.73	29.4	32.44	30.01	29.18	28.84	25.45	24.43	26.7	24.92
Pre Tax Margin(%)	34.68	31.72	29.38	32.42	30.01	29.18	28.84	25.45	24.24	26.5	24.75
PAT Margin (%)	24.7	23.37	21.26	23.21	21.6	21	22.83	18.64	18.33	19.33	18.21
Cash Profit Margin (%)	27.45	26.09	23.88	25.11	23.94	23.49	25.47	21.07	21.51	22.58	21.06
ROA(%)	24.13	22.46	20.85	20.27	19.19	18.25	19.95	19.03	19.08	19.59	19.78
ROE(%)	29.08	27.2	25.83	25.98	23.99	22.03	24.09	23.8	25.62	27.52	29.39
ROCE(%)	40.84	36.94	35.72	36.31	33.32	30.57	30.38	32.4	34.01	37.83	39.96
Receivable days	56.99	58.64	56.18	61.83	61.5	63.03	65.9	61.74	66.96	68.63	63
Inventory Days	0	0	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	19.67	17.53	17.6	20.5	20.66	16.27	15.4	20.89	16.36	30.03	36.16
Price/Book(x)	5.23	4.35	4.21	5	4.51	3.39	3.81	4.97	4.17	7.65	10.7
Dividend Yield(%)	1.64	1.45	1.92	2.68	1.99	2.52	3.83	2.9	2.73	1.97	1.63
EV/Net Sales(x)	4.25	3.56	3.22	4.19	3.94	3.08	3.22	3.66	2.78	5.54	6.43
EV/Core EBITDA(x)	11.34	10.32	10.07	12.19	12.18	9.73	10.22	13.11	10.09	18.49	23.15
Net Sales Growth(%)	22.66	19.62	24.24	6.36	17.11	9.68	2.98	17.23	9.82	10.66	21.07
EBIT Growth(%)	25.47	9.41	15.1	17.36	8.35	6.62	1.8	3.44	5.4	20.95	13
PAT Growth(%)	21.9	13.17	13.01	16.11	9.02	6.63	11.94	-4.29	7.98	16.73	14.02
EPS Growth(%)	21.9	13.17	13.01	16.1	9.03	6.41	17.43	-3.54	10.16	16.39	15.78
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	4.38	4.36	3.58	3.05	3.91	3.83	3.55	2.84	2.62	2.54	2
Quick Ratio(x)	4.38	4.36	3.58	3.05	3.91	3.83	3.55	2.84	2.62	2.54	2
Interest Cover(x)	2925.75	2560.8	1637.44	1441.33	0	0	0	0	130.45	137.55	151.55
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0	0

Infosys Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	12.95	12.95	12.95	12.95	13.12	13.12	13.11	13.11	13.11	13.18
FII	31.31	32.26	32.67	33.39	33.46	33.17	33.3	31.72	31.29	31.63
DII	24.97	23.75	23.1	21.98	15.66	16.3	17.1	18.87	27.96	28.52
Public	13.47	13.78	14.09	14.32	20.02	20.2	20.65	22.09	14.1	13.86
Others	17.3	17.26	17.19	17.36	17.74	17.2	15.84	14.2	13.53	12.81
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	55.17	55.17	55.17	55.17	55.17	55.17	55.17	55.17	55.17	55.17
FII	133.37	137.43	139.19	142.21	140.72	139.52	140.08	133.48	131.68	132.4
DII	106.34	101.15	98.42	93.6	65.86	68.56	71.93	79.41	117.67	119.39
Public	57.36	58.68	60.03	60.99	84.19	84.96	86.85	92.96	59.35	58.03
Others	73.71	73.54	73.25	73.94	74.61	72.35	66.64	59.74	56.92	53.62
Total	425.94	425.96	426.07	425.91	420.55	420.56	420.67	420.76	420.78	418.61