---
title: "Infinite Computer Solutions India Ltd (INFINITE) — Share Price, Financials & Analysis"
symbol: "INFINITE"
company: "Infinite Computer Solutions India Ltd"
canonical: "https://tapetide.com/stocks/INFINITE"
generated_at: "2026-10-13T10:58:46.906Z"
---

# Infinite Computer Solutions India Ltd (INFINITE)

Canonical page: https://tapetide.com/stocks/INFINITE

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** infinite.com

## About

Infinite Computer Solutions (India) Limited provider of software consultancy and information technology (IT) support services.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Debtor days have improved from 85.9 to 60.2 days.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.58% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -16% | 31% | 1% |
| revenue growth | 26% | 27% | 23% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 146 | 92 | 91 | 90 | 108 | 94 | 97 | 114 | 121 | 91 | 117 | 113 |
| Expenses | 105 | 62 | 60 | 60 | 67 | 76 | 72 | 84 | 93 | 80 | 100 | 95 |
| Operating Profit | 41 | 30 | 31 | 31 | 41 | 18 | 25 | 30 | 28 | 11 | 17 | 17 |
| OPM % | 28 | 33 | 34 | 34 | 38 | 19 | 26 | 27 | 23 | 12 | 15 | 15 |
| Other Income | 3 | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 8 | 7 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 4 | 4 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 2 | 3 |
| Profit before tax | 40 | 28 | 31 | 30 | 40 | 17 | 24 | 29 | 27 | 9 | 22 | 22 |
| Tax % | 22 | 14 | 25 | 25 | 23 | 12 | 21 | 24 | 25 | -24 | 25 | 19 |
| Net Profit | 31 | 24 | 23 | 22 | 31 | 15 | 19 | 22 | 20 | 12 | 17 | 18 |
| EPS in Rs | 7.75 | 5.97 | 5.78 | 5.59 | 7.7 | 4.41 | 5.46 | 6.43 | 6.05 | 3.51 | 4.95 | 5.29 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 429 | 383 | 423 | 485 | 589 | 588 | 810 | 1123 | 1322 | 1663 |
| Expenses | 312 | 259 | 328 | 411 | 483 | 508 | 731 | 1009 | 1152 | 1506 |
| Operating Profit | 116 | 125 | 95 | 74 | 106 | 80 | 79 | 114 | 170 | 157 |
| OPM % | 27 | 33 | 22 | 15 | 18 | 14 | 10 | 10 | 13 | 9 |
| Other Income | 14 | 8 | 7 | 9 | 17 | 3 | 11 | 53 | 2 | 5 |
| Interest | 0 | 0 | 1 | 1 | 5 | 4 | 4 | 5 | 7 | 6 |
| Depreciation | 16 | 14 | 12 | 12 | 21 | 27 | 36 | 37 | 38 | 44 |
| Profit before tax | 114 | 118 | 89 | 70 | 97 | 53 | 50 | 125 | 128 | 112 |
| Tax % | 17 | 22 | 18 | 20 | 24 | -16 | 30 | 30 | 28 | 31 |
| Net Profit | 95 | 92 | 73 | 56 | 73 | 61 | 35 | 87 | 91 | 77 |
| EPS in Rs | 23.63 | 26.77 | 21.79 | 16.77 | 21.97 | 18.41 | 10.39 | 26.12 | 27.39 | 23.1 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 39 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
| Reserves | 572 | 520 | 592 | 648 | 721 | 784 | 752 | 808 | 898 | 973 |
| Borrowings | 0 | 0 | 0 | 4 | 25 | 0 | 0 | 85 | 0 | 60 |
| Other Liabilities | 189 | 198 | 189 | 200 | 200 | 152 | 206 | 227 | 284 | 301 |
| Total Liabilities | 800 | 751 | 815 | 886 | 979 | 969 | 991 | 1153 | 1215 | 1367 |
| Fixed Assets | 74 | 67 | 65 | 92 | 129 | 145 | 220 | 262 | 258 | 296 |
| CWIP | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 2 | 0 |
| Investments | 134 | 137 | 145 | 152 | 297 | 227 | 158 | 158 | 156 | 165 |
| Other Assets | 592 | 547 | 605 | 642 | 552 | 596 | 613 | 733 | 799 | 906 |
| Total Assets | 800 | 751 | 815 | 886 | 979 | 969 | 991 | 1153 | 1215 | 1367 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 102 | 116 | 19 | 53 | 41 | 53 | 54 | -24 | 130 | 23 |
| Cash from Investing Activity | -46 | -1 | -12 | -41 | -164 | 46 | -92 | -52 | -15 | -50 |
| Cash from Financing Activity | -29 | -151 | 0 | 5 | -9 | -8 | -13 | 38 | -101 | 40 |
| Net Cash Flow | 27 | -36 | 7 | 17 | -131 | 90 | -52 | -38 | 14 | 13 |
| Free Cash Flow | 77 | 107 | 9 | 14 | 14 | 25 | -41 | -115 | 112 | -21 |
| CFO/OP | 111 | 115 | 43 | 100 | 62 | 68 | 96 | -10 | 99 | 43 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 105 | 114 | 148 | 138 | 144 | 150 | 115 | 110 | 87 | 60 |
| Cash Conversion Cycle | 105 | 114 | 148 | 138 | 144 | 150 | 115 | 110 | 87 | 60 |
| Working Capital Days | 157 | 154 | 188 | 189 | 182 | 205 | 158 | 125 | 136 | 117 |
| ROCE % | 20 | 21 | 15 | 11 | 14 | 7 | 7 | 15 | 14 | 12 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Sep 2018 |
| --- | --- | --- | --- |
| Promoters | 75.68% | 74.98% | 74.98% |
| FIIs | 3.52% | 1.65% | 1.29% |
| DIIs | 0.78% | 0.18% | 0.7% |
| Public | 20.01% | 23.19% | 23.02% |
| No. of Shareholders | 26425 | 11915 | 10790 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.87% | 74.87% | 74.87% | 75.68% | 75.68% | 75.68% | 74.98% | 74.98% | 74.98% | 74.98% |
| FIIs | 3.66% | 0.93% | 3.18% | 3.52% | 3.06% | 1.31% | 1.35% | 1.65% | 1.81% | 1.29% |
| DIIs | 0.07% | 2.96% | 0.37% | 0.78% | 0.74% | 0.63% | 0.28% | 0.18% | 0.05% | 0.7% |
| Public | 21.4% | 21.24% | 21.58% | 20.01% | 20.52% | 22.38% | 23.38% | 23.19% | 23.15% | 23.02% |
| No. of Shareholders | 27641 | 26861 | 27748 | 26425 | 25965 | 25935 | 13061 | 11915 | 11528 | 10790 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 6 / 6

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 8.42 | Buy |
| EMA (10) | 8.47 | Buy |
| SMA (20) | 8.44 | Buy |
| EMA (20) | 8.47 | Buy |
| SMA (50) | 8.61 | Buy |
| EMA (50) | 8.63 | Buy |
| SMA (100) | 9.03 | Sell |
| EMA (100) | 8.87 | Sell |
| SMA (200) | 9.21 | Sell |
| EMA (200) | 9.23 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.79 | Neutral |
| MACD (12,26,9) | -0.03 | Buy |
| Stochastic (14,3,3) | 55.78 | Neutral |
| ADX (14) | 18.47 | Neutral |
| Williams %R (14) | -29.25 | Neutral |
| ATR (14) | 0.7 | High Volatility |
| ROC (12) | -0.57 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 56.78 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2018-11-16 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a60d4110-baa4-4578-9947-b80904a02461.pdf) |
| 2018-11-16 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/a60d4110-baa4-4578-9947-b80904a02461.pdf) |
| 2018-11-14 | [Outcome of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b6257323-d2c6-4e91-b618-98c6bd9dae72.pdf) |
| 2018-11-14 | [Outcome of Board Meeting](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/b6257323-d2c6-4e91-b618-98c6bd9dae72.pdf) |
| 2018-10-31 | [Board Meeting Intimation for Notice Of Board Meeting Under Regulation 29 Of The SEBI (LODR) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c0249783-526c-45e7-a7b7-31e17e3e202b.pdf) |
| 2018-10-31 | [Board Meeting Intimation for Notice Of Board Meeting Under Regulation 29 Of The SEBI (LODR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/c0249783-526c-45e7-a7b7-31e17e3e202b.pdf) |
| 2018-10-29 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=DBECE2F2_3B0D_47E8_89F1_B94A97674B4C_150426.pdf) |
| 2018-10-29 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/DBECE2F2_3B0D_47E8_89F1_B94A97674B4C_150426.pdf) |
| 2018-10-22 | [Corporate Action-Updates on Delisting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3dc7ec20-f03e-45eb-ba0b-e3d0a65fa099.pdf) |
| 2018-10-22 | [Corporate Action-Updates on Delisting](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/3dc7ec20-f03e-45eb-ba0b-e3d0a65fa099.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/533154/5331540318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/533154/5331540317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/533154/5331540316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/533154/5331540315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/533154/5331540314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/533154/5331540313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/533154/5331540312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/533154/5331540311.pdf) |
| 2011 | [Annual Report 2011](https://archives.nseindia.com/annual_reports/AR_INFINITE_2010_2011_07092011101019.zip) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/533154/5331540310.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=350393aa-fd73-4408-b308-444d8b4942a6.pdf) |
| Aug 2017 | [Concall - Aug 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=534d1996-c845-45b9-8007-32f4f283e400.pdf) |
| May 2017 | [Concall - May 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0b309680-4b9f-46eb-bfc9-ea8c98a4cee8.pdf) |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=989189EE_179C_46A7_B30B_47AD7A6B50C5_194701.pdf) |
| Nov 2015 | [Concall - Nov 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=57E8D39D_0185_467A_BABF_EDBB9B9FAA86_195911.pdf) |
| Aug 2015 | [Concall - Aug 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=708DD375_685F_4CE2_84F5_0796FCB9D9BA_195432.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-10-31 | Credit rating update — India Ratings |
| 2016-12-28 | Credit rating update — India Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:46.906Z.