Infosys Ltd logo

Infosys Ltd

INFY NSE

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]

AI Verdict: HOLD Confidence: 6%

Infosys offers a compelling 4.51% dividend yield and consistent 31% ROE over 3 years, but the stock has declined 33% over the past year and trades at a PE of 14.7x which, while optically cheap, reflects muted near-term growth expectations. With 63% analyst buy ratings but significant price erosion, a HOLD is appropriate until revenue momentum improves.

Key Fundamentals

LargecapComputer Software & ConsultingInformation Technology
Market Cap
4.3L Cr
Volatility
Moderate
P/E Ratio
14.51
EBITDA
₹46,602 Cr
Return on Equity
29.67%
Debt to Equity
0.1
Book Value
₹216.96
EPS
₹64.2
52W High
₹1,728
52W Low
₹1,026

Technical Indicators

Key Insights

Strengths

4
  • Stock is providing a good dividend yield of 4.54%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.8%
  • Company has been maintaining a healthy dividend payout of 68.5%
  • Company's working capital requirements have reduced from 42.0 days to 32.7 days

Weaknesses

1
  • Promoter holding is low: 14.4%

Growth Rate

Revenue Growth
9.83% ↗
Net Income Growth
10.18% ↘
Cash Flow Change
-4.79% ↘
ROE
13.59% ↘
ROCE
8.76% ↘
EBITDA Margin (Avg.)
-0.93% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
HOLD
Risk medium

Infosys offers a compelling 4.51% dividend yield and consistent 31% ROE over 3 years, but the stock has declined 33% over the past year and trades at a PE of 14.7x which, while optically cheap, reflects muted near-term growth expectations. With 63% analyst buy ratings but significant price erosion, a HOLD is appropriate until revenue momentum improves.

Bull Case 8
  • Attractive dividend yield of 4.51% supported by a healthy payout ratio of 68.5%, offering strong income visibility
  • Exceptional return on equity consistency — 31% ROE over 3 and 5 years, 32% in the last year — indicates superior capital efficiency
  • TTM revenue growth of 10% and profit growth of 13% show acceleration versus 3-year CAGRs of 7% and 8% respectively
  • PE of 14.7x is well below the IT sector average of 25-30x, suggesting valuation is pricing in excessive pessimism
  • Working capital days improved from 42.0 to 32.7 days, reflecting better cash conversion and operational discipline
  • Strong analyst consensus with 62.79% buy ratings (27 out of 43 analysts) and only 4.65% sell ratings
  • 10-year compounded sales CAGR of 11% demonstrates durable long-term revenue compounding ability
  • Market cap of Rs 4.20 lakh crore provides liquidity, index inclusion benefits, and institutional investor comfort
Bear Case 8
  • Stock price has declined 33% over the past 1 year, indicating severe negative momentum and possible structural de-rating
  • 3-year stock CAGR of -6% and 5-year CAGR of -7% show prolonged shareholder value destruction despite profit growth
  • Promoter holding at just 14.4% is unusually low, raising concerns about alignment of interests and governance overhang
  • 5-year compounded profit CAGR of only 9% versus sales CAGR of 12% suggests margin pressure and limited operating leverage
  • 10-year stock CAGR of just 6% barely matches fixed deposit returns, underperforming broader indices significantly
  • 52-week high and low data unavailable (reported as 0), limiting technical assessment of current price positioning
  • Debt-to-equity and EPS data unavailable, reducing visibility on balance sheet leverage and per-share earnings trajectory
  • IT sector faces macro headwinds from global client spending cuts, with 3-year sales CAGR of only 7% reflecting slowdown

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 5
  • Weak FY27 revenue guidance Jun 10

    Infosys guided FY27 constant currency revenue growth at just 1.5%-3.5%, highlighting continued demand uncertainty. Brokerages remain cautious with Citi at 'neutral' (₹1,300 target) and Jefferies at 'hold' (₹1,235 target).

  • Stock down 30% YTD Jun 15

    Infosys shares have fallen 30.32% year-to-date and 26% over the last 12 months, significantly underperforming Nifty 50's 7.4% decline. The stock hit a 52-week low of ₹1,089 on May 14, 2026.

  • ADR falls on Accenture outlook Jun 18

    Infosys ADR fell 3.2% following Accenture's revenue outlook update, reflecting negative sentiment spillover across global IT services stocks.

  • Hiring exams deferred for 20,000+ Jun 9

    Infosys deferred online hiring exams for over 20,000 specialist programmer and digital engineer candidates after detecting impersonation and malpractice cases during recruitment.

  • Aging workforce raises costs Jun 5

    Employees aged 30 and below fell to 50.7% of the workforce (lowest in 15 years), while the 31-50 bracket rose to 45.7%, naturally pushing up average compensation costs.

Positives 7
  • FY26 revenue up 9.6% Jun 23

    Infosys reported FY26 revenue of ₹1,78,650 crore (USD $20,158 million), up 9.6% YoY, with net profit of ₹29,474 crore and a final dividend of ₹25 per share.

  • Large deal momentum strong Jun 5

    Infosys won $14.9 billion in total contract value in FY26, up 28% YoY, with 55% being net new business, demonstrating strong demand pipeline.

  • DNB Bank AI platform drives rally Jun 2

    Shares surged 5.66% to ₹1,270.75 after announcing expanded collaboration with DNB Bank ASA for AI-enabled financial crime platform. Nifty IT index rose 3.95% that day.

  • Senior attrition drops 67% Jun 5

    Only 22 employees in the ₹1 crore-plus category exited in FY26, down from ~67 departures over the prior two years, driven by differentiated AI compensation and RSU retention.

  • Q4 profit surges 28% YoY Jun 15

    Q4 FY26 net profit rose 28% YoY to ₹8,501 crore with EBIT margin expanding to 21%. Revenue grew 2% sequentially to ₹46,402 crore.

  • Dividend yield at 4.07% Jun 10

    Final dividend of ₹25 per share (ex-date June 10) follows interim dividend of ₹23, totaling ₹48 for FY26 vs ₹43 in FY25, offering ~4.07% yield at current levels.

  • GlobalFoundries AI collaboration expanded Jun 24

    Infosys expanded multi-year collaboration with GlobalFoundries to deliver AI-driven managed services across application, infrastructure, data, and service desk operations.

Neutral 8
  • Valmet AI-IT transformation deal Jun 17

    Infosys announced a long-term collaboration with Valmet (EUR 5.2B net sales) to modernize core IT services using Infosys Topaz and Cobalt, though shares closed 1.19% lower on the news.

  • IHH Healthcare ERP partnership Jun 11

    Infosys partnered with IHH Healthcare (190 facilities, 76,000 staff) for a multi-year AI-powered ERP transformation across Hong Kong, Malaysia, and Singapore.

  • Q1 FY27 results on July 23 Jun 16

    Board meeting scheduled for July 22-23 to approve Q1 FY27 results for quarter ended June 30, 2026. Trading window closed from June 16 to July 27.

  • CMMI AI Maturity pilot completed Jun 11

    Infosys completed a pilot assessment of the CMMI AI Maturity framework across global delivery hubs, becoming among the first organizations globally to do so.

  • NSE block trades ₹54.77 crore Jun 19

    Three block trades totaling ~520,332 shares worth ₹54.77 crore executed on NSE at prices between ₹1,040-1,058, indicating institutional activity.

  • CFO joins Cars24 board Jun 8

    Infosys CFO Jayesh Sanghrajka appointed as independent director at Cars24 ahead of its IPO, formalizing a four-year audit committee association.

  • Handelsblatt AI editorial engine Jun 2

    Infosys and Handelsblatt launched Editorial Link Intelligence (ELI) on June 2, an AI-powered engine using Infosys Aster to automate editorial workflows.

  • DNB Bank financial crime expansion Jun 2

    Infosys expanded collaboration with DNB Bank ASA to consolidate AML and fraud systems onto NICE Actimize X-Sight cloud-native platform as systems integration partner.

TL;DR: Infosys delivered solid FY26 financials with 9.6% revenue growth, 28% large deal TCV growth, and improved senior talent retention, but the stock remains under pressure (-30% YTD) due to conservative FY27 guidance of 1.5-3.5% CC growth and broader IT sector repricing. The company is aggressively positioning around AI through partnerships (GlobalFoundries, Valmet, IHH, DNB Bank) and differentiated compensation, though these deals are being treated as incremental by the market. The key catalyst ahead is Q1 FY27 results on July 23, where execution against guidance and commentary on deal pipeline conversion will determine whether the stock's valuation discount narrows or persists.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
37,441
37,933
38,994
38,821
37,923
39,315
40,986
41,764
40,925
42,279
44,490
45,479
46,402
Expenses
28,443
28,869
29,554
29,684
29,139
29,878
31,177
31,649
31,051
32,336
33,955
34,845
35,235
Operating Profit
8,998
9,064
9,440
9,137
8,784
9,437
9,809
10,115
9,874
9,943
10,535
10,634
11,167
OPM %
24%
24%
24%
24%
23%
24%
24%
24%
24%
24%
24%
23%
24%
Other Income
671
561
632
789
2,729
838
712
859
1,190
1,042
982
-150
1,159
Interest
82
90
138
131
110
105
108
101
102
105
106
100
105
Depreciation
1,121
1,173
1,166
1,176
1,163
1,149
1,160
1,203
1,299
1,140
1,182
1,155
1,424
PBT
8,466
8,362
8,768
8,619
10,240
9,021
9,253
9,670
9,663
9,740
10,229
9,229
10,797
Tax %
28%
29%
29%
29%
22%
29%
30%
29%
27%
29%
28%
28%
21%
Net Profit
6,134
5,945
6,215
6,113
7,975
6,374
6,516
6,822
7,038
6,924
7,375
6,666
8,509
EPS in Rs
14.77
14.32
14.97
14.71
19.2
15.34
15.67
16.39
16.93
16.66
17.73
16.41
20.96
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
53,319
62,441
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
Expenses
38,436
45,362
49,880
51,700
62,505
68,524
72,583
90,150
1,11,637
1,17,245
1,23,754
1,36,370
Operating Profit
14,883
17,079
18,604
18,822
20,170
22,267
27,889
31,491
35,130
36,425
39,236
42,280
OPM %
28%
27%
27%
27%
24%
25%
28%
26%
24%
24%
24%
24%
Other Income
3,430
3,120
3,050
3,311
2,882
2,803
2,201
2,295
2,701
4,711
3,600
3,033
Interest
12
0
0
0
0
170
195
200
284
470
416
416
Depreciation
1,017
1,459
1,703
1,863
2,011
2,893
3,267
3,476
4,225
4,678
4,812
4,902
PBT
17,284
18,740
19,951
20,270
21,041
22,007
26,628
30,110
33,322
35,988
37,608
39,995
Tax %
28%
28%
28%
21%
27%
24%
27%
26%
28%
27%
29%
26%
Net Profit
12,372
13,489
14,353
16,029
15,410
16,639
19,423
22,146
24,108
26,248
26,750
29,474
EPS in Rs
26.93
29.36
31.24
36.69
35.26
38.96
45.42
52.56
58.08
63.2
64.32
72.59
Div. Payout %
55%
41%
41%
59%
60%
45%
59%
59%
58%
73%
67%
66%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
572
1,144
1,144
1,088
2,170
2,122
2,124
2,098
2,069
2,071
2,073
2,024
Reserves
50,164
60,600
67,838
63,835
62,778
63,328
74,227
73,252
73,338
86,045
93,745
90,828
Borrowings
0
0
0
0
0
4,633
5,325
5,474
8,299
8,359
8,227
9,176
Other Liabilities
15,553
13,354
14,166
14,426
19,118
21,717
25,835
35,905
40,890
39,545
43,750
52,260
Total Liabilities
66,289
75,098
83,148
79,349
84,066
91,800
1,07,511
1,16,729
1,24,596
1,36,020
1,47,795
1,54,288
Fixed Assets
11,346
13,386
14,179
12,574
15,710
23,789
25,505
25,800
29,225
27,622
30,961
33,770
CWIP
776
960
1,365
1,606
1,388
954
922
416
288
293
814
526
Investments
2,270
1,892
16,423
12,163
11,261
8,792
14,205
20,324
19,478
24,623
23,541
21,880
Other Assets
51,897
58,860
51,181
53,006
55,707
58,265
66,879
70,189
75,605
83,482
92,479
98,112
Total Assets
66,289
75,098
83,148
79,349
84,066
91,800
1,07,511
1,16,729
1,24,596
1,36,020
1,47,795
1,54,288
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
8,353
10,028
11,531
13,218
14,841
17,003
23,224
23,885
22,467
25,210
35,694
33,986
Investing
999
-885
-14,664
4,533
-632
-331
-7,373
-6,485
-1,071
-5,093
-1,864
3,546
Financing
-4,935
-6,813
-6,939
-20,505
-14,512
-17,591
-9,786
-24,642
-26,695
-17,504
-24,161
-39,786
Net Cash Flow
4,417
2,330
-10,072
-2,754
-303
-919
6,065
-7,242
-5,299
2,613
9,669
-2,254
Free Cash Flow
6,106
7,305
8,771
11,220
12,396
13,696
21,117
21,724
19,888
23,009
33,457
31,259
CFO/OP
101
93
92
107
107
97
106
100
89
95
105
101
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
66
66
66
68
65
74
70
68
63
72
70
72
Cash Conversion Cycle
66
66
66
68
65
74
70
68
63
72
70
72
Working Capital Days
3
34
38
50
36
42
36
28
31
54
39
33
ROCE %
36%
33%
30%
30%
32%
32%
35%
37%
40%
40%
38%
40%

Shareholding Pattern

As of Mar 2026
DIIs 43.38%
FIIs 28.45%
Promoters 14.38%
Public 11.43%
Others 2.33%
Government 0.02%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
12.95%
12.95%
13.12%
13.12%
13.11%
13.11%
15.16%
15.11%
15.14%
14.94%
14.89%
14.78%
14.71%
14.61%
14.43%
14.43%
14.60%
14.61%
14.30%
14.52%
14.38%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.01%
0.01%
0.01%
33.59%
0.01%
34.10%
32.74%
33.28%
33.30%
32.88%
31.92%
30.08%
30.26%
28.45%
DIIs
22.77%
21.66%
15.38%
16.01%
16.76%
18.50%
30.05%
32.75%
33.84%
34.85%
35.44%
33.19%
35.90%
37.56%
38.10%
38.37%
38.52%
39.60%
41.65%
41.27%
43.38%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
0.02%
Public
10.09%
10.34%
10.53%
10.60%
10.77%
11.48%
13.39%
12.99%
13.14%
13.91%
13.36%
13.06%
12.73%
12.56%
11.76%
11.56%
11.65%
11.63%
11.58%
11.35%
11.43%
Others
54.20%
55.05%
60.97%
60.27%
59.36%
56.91%
41.37%
39.12%
37.84%
36.27%
2.69%
38.93%
2.52%
2.51%
2.41%
2.32%
2.32%
2.23%
2.37%
2.58%
2.33%
No. of Shareholders
14,09,780
16,42,810
18,17,780
18,97,180
21,28,830
26,64,560
28,93,210
27,36,980
28,01,570
31,44,610
30,09,450
28,97,030
27,73,410
28,20,740
25,76,990
25,42,770
25,46,230
25,79,160
27,19,350
27,84,080
27,48,600

Documents

Frequently Asked Questions about Infosys Ltd

What does Infosys Ltd do?
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]
Where is Infosys Ltd (INFY) listed?
Infosys Ltd is listed on the Indian stock exchanges. It is listed on NSE: INFY and BSE: 500209. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Infosys Ltd belong to?
Infosys Ltd operates in the Information Technology sector within the IT - Software industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Infosys Ltd?
Infosys Ltd has a market capitalisation of approximately ₹425248.31 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Infosys Ltd?
The Price-to-Earnings (PE) ratio of Infosys Ltd is 14.51. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Infosys Ltd?
Over the past 52 weeks, Infosys Ltd has traded between a low of ₹1,026 and a high of ₹1,728. This range helps investors understand the stock's price volatility and recent trading levels.
Does Infosys Ltd pay dividends?
Yes, Infosys Ltd has a dividend yield of 4.54%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Infosys Ltd?
Infosys Ltd has a Return on Equity (ROE) of 29.67%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Infosys Ltd on Tapetide?
On Tapetide, you can view Infosys Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website infosys.com
CEO Mr. Nandan M. Nilekani
Employees 3,37,034
Listed 1993-06-14
Face Value ₹ 5
Issued Size 4,05,46,67,899

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