MarketFriction

Infosys Ltd

NSE INFY · BSE 500209 · Computers - Software & Consulting
₹1,035.00 +4.11%
NSE close2026-10-01
52 week range980.40 - 1,728.00
Market cap₹4,12,077 Cr.
P/E13.2
Results 23-10 Nifty 50Nifty 100Nifty 200Nifty 500Nifty IT No price band Delivery 52.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales38,99438,82137,92339,31540,98641,76440,92542,27944,49045,47946,40248,211
Expenses29,55429,68429,13929,87831,17731,64931,05132,33633,95534,84535,23536,802
Operating Profit9,4409,1378,7849,4379,80910,1159,8749,94310,53510,63411,16711,409
OPM %24%24%23%24%24%24%24%24%24%23%24%24%
Other Income6327892,7298387128591,1901,042982-1501,159984
Interest138131110105108101102105106100105119
Depreciation1,1661,1761,1631,1491,1601,2031,2991,1401,1821,1551,4241,246
Profit before tax8,7688,61910,2409,0219,2539,6709,6639,74010,2299,22910,79711,028
Tax %29%29%22%29%30%29%27%29%28%28%21%30%
Net Profit6,2156,1137,9756,3746,5166,8227,0386,9247,3756,6668,5097,775
EPS in Rs14.9714.7119.2015.3415.6716.3916.9316.6617.7316.4120.9619.15
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales62,44168,48470,52282,67590,791100,472121,641146,767153,670162,990178,650184,582
Expenses45,36249,88051,70062,50568,52472,58390,150111,637117,245123,754136,370140,837
Operating Profit17,07918,60418,82220,17022,26727,88931,49135,13036,42539,23642,28043,745
OPM %27%27%27%24%25%28%26%24%24%24%24%24%
Other Income3,1203,0503,3112,8822,8032,2012,2952,7014,7113,6003,0332,975
Interest0000170195200284470416416430
Depreciation1,4591,7031,8632,0112,8933,2673,4764,2254,6784,8124,9025,007
Profit before tax18,74019,95120,27021,04122,00726,62830,11033,32235,98837,60839,99541,283
Tax %28%28%21%27%24%27%26%28%27%29%26%
Net Profit13,48914,35316,02915,41016,63919,42322,14624,10826,24826,75029,47430,325
EPS in Rs29.3631.2436.6935.2638.9645.4252.5658.0863.2064.3272.5974.25
Dividend Payout %41%41%59%60%45%59%59%58%73%67%66%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%12%7%11%
Compounded Profit Growth8%9%8%14%
Stock Price CAGR7%-9%-11%-30%
Return on Equity28%31%31%32%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital5721,1441,1441,0882,1702,1222,1242,0982,0692,0712,0732,024
Reserves50,16460,60067,83863,83562,77863,32874,22773,25273,33886,04593,74590,828
Borrowings000004,6335,3255,4748,2998,3598,2279,176
Other Liabilities15,55313,35414,16614,42619,11821,71725,83535,90540,89039,54543,75052,260
Total Liabilities66,28975,09883,14879,34984,06691,800107,511116,729124,596136,020147,795154,288
Fixed Assets11,34613,38614,17912,57415,71023,78925,50525,80029,22527,62230,96133,770
CWIP7769601,3651,6061,388954922416288293814526
Investments2,2701,89216,42312,16311,2618,79214,20520,32419,47824,62323,54121,880
Other Assets51,89758,86051,18153,00655,70758,26566,87970,18975,60583,48292,47998,112
Total Assets66,28975,09883,14879,34984,06691,800107,511116,729124,596136,020147,795154,288
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity8,35310,02811,53113,21814,84117,00323,22423,88522,46725,21035,69433,986
Cash from Investing Activity999-885-14,6644,533-632-331-7,373-6,485-1,071-5,093-1,8643,546
Cash from Financing Activity-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 Flow4,4172,330-10,072-2,754-303-9196,065-7,242-5,2992,6139,669-2,254
Free Cash Flow6,1067,3058,77111,22012,39613,69621,11721,72419,88823,00933,45731,259
CFO/OP101%93%92%107%107%97%106%100%89%95%105%101%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days666666686574706863727072
Inventory Days
Days Payable
Cash Conversion Cycle666666686574706863727072
Working Capital Days33438503642362831543933
ROCE %36%33%30%30%32%32%35%37%40%40%38%40%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters14.89%14.78%14.71%14.61%14.43%14.43%14.60%14.61%14.30%14.52%14.38%13.82%
FIIs33.60%33.70%34.11%32.74%33.28%33.30%32.89%31.92%30.08%30.27%28.45%27.09%
DIIs35.19%35.51%35.62%37.28%37.81%38.19%38.32%39.39%41.46%41.08%43.19%42.78%
Government0.19%0.20%0.21%0.21%0.20%0.20%0.21%0.21%0.20%0.20%0.20%0.20%
Public15.83%15.52%15.06%14.91%14.01%13.62%13.72%13.62%13.70%13.69%13.54%15.88%
Others0.31%0.30%0.29%0.27%0.27%0.27%0.26%0.25%0.24%0.24%0.23%0.21%
No. of Shareholders30,09,44828,97,03027,73,40628,20,74025,76,99125,42,76625,46,23425,79,16427,19,35326,31,80327,48,59629,58,297

Fundamentals

Market Cap₹ 4,12,077 Cr.
Current Price₹ 1,015
Stock P/E13.2
Book Value₹ 225
ROCE40.0 %
ROE31.9 %
Dividend Yield4.73 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)14%
Consolidated figures.
Valuation
Market capRs 418,858 Cr
Enterprise valueRs 405,833 Cr
P/E (TTM)13.83x
Price to book4.51x
Price to sales2.27x
EV / EBITDA8.69x
EV / EBIT9.73x
EV / sales2.20x
Price to cash flow12.32x
Earnings yield7.23%
Dividend yield4.64%
P/E, 3-year average21.73x
P/B, 3-year average6.43x
P/E, 5-year average25.17x
P/B, 5-year average7.54x
Profitability
Operating margin (excl. other income)23.67%
Operating margin (incl. other income)25.36%
EBITDA margin25.31%
Pre-tax margin22.37%
Net profit margin16.41%
Net margin, latest quarter16.11%
ROE31.21%
ROCE39.22%
ROA19.49%
ROE, 3-year average30.78%
ROCE, 3-year average39.20%
ROA, 3-year average19.48%
ROE, 5-year average30.69%
ROCE, 5-year average39.15%
ROA, 5-year average19.63%
ROIC (approx.)38.51%
Tax rate26.31%
Other income / net worth3.27%
Growth
Sales growth (latest year)9.61%
Profit growth (latest year)10.21%
Sales CAGR, 3 years6.77%
Sales CAGR, 5 years12.20%
Profit CAGR, 3 years6.91%
Profit CAGR, 5 years8.75%
Sales growth QoQ3.90%
Profit growth QoQ-8.61%
Sales growth YoY (latest quarter)14.03%
Profit growth YoY (latest quarter)12.25%
Per share
EPS (TTM)Rs 74.84
EPS (latest year)Rs 72.75
EPS (latest quarter)Rs 19.20
EPS, 3-year averageRs 66.86
EPS, 5-year averageRs 62.31
Book value per shareRs 229.44
Sales per shareRs 456.10
Cash flow per shareRs 83.98
Free cash flow per shareRs 77.24
Dividend per share (latest year)Rs 48.01
Dividend per share, 3-year averageRs 45.69
Dividend per share, 5-year averageRs 40.42
Dividends
Dividend payout66.00%
Dividend payout, 3-year average68.46%
Dividend payout, 5-year average64.52%
Efficiency
Asset turnover1.16x
Fixed asset turnover5.29x
Debtor days72 days
Debtors turnover5.07x
Cash conversion cycle72 days
Working capital days33 days
Leverage
Total debtRs 9,176 Cr
Cash and bankRs 22,201 Cr
Net debtRs -13,025 Cr
Debt to equity0.10x
Net debt / EBITDA-0.28x
Interest coverage97.01x
Current ratio (filing 2026-03-31)1.98x
Quick ratio (filing 2026-03-31)1.98x
Trade payables (filing 2026-03-31)Rs 4,744 Cr
Owners' fund to total sources60.18%
Debt to assets5.95%
Cash flow
Cash from Operating Activity (latest year)Rs 33,986 Cr
Cash from Investing Activity (latest year)Rs 3,546 Cr
Cash from Financing Activity (latest year)Rs -39,786 Cr
Net Cash Flow (latest year)Rs -2,254 Cr
Free cash flow (latest year)Rs 31,259 Cr
FCFE (approx.: FCF + change in debt)Rs 32,208 Cr
Cash from ops / profit, 5 years1.10x
Sales to cash flow5.26x
Statement figures
Net sales (TTM)Rs 184,582 Cr
Net sales (latest year)Rs 178,650 Cr
Sales (latest quarter)Rs 48,211 Cr
Operating profit excl. other income (latest year)Rs 42,280 Cr
Operating profit (latest quarter)Rs 11,409 Cr
Other income (TTM)Rs 2,975 Cr
EBITDA (TTM)Rs 46,720 Cr
PBDT (TTM)Rs 46,290 Cr
Profit before tax (TTM)Rs 41,283 Cr
Tax (latest year)Rs 10,521 Cr
Net profit (TTM)Rs 30,288 Cr
Net profit (latest year)Rs 29,440 Cr
Net profit (latest quarter)Rs 7,769 Cr
Depreciation (TTM)Rs 5,007 Cr
Depreciation (latest quarter)Rs 1,246 Cr
Interest (TTM)Rs 430 Cr
Cost of goods sold (latest year)Rs 33,145 Cr
Total expenditure (latest year)Rs 136,370 Cr
Total income (latest year)Rs 181,683 Cr
Share capitalRs 2,024 Cr
ReservesRs 90,828 Cr
Shareholders' fundsRs 92,852 Cr
Total assetsRs 154,288 Cr
Net blockRs 33,770 Cr
Capital work in progressRs 526 Cr
InvestmentsRs 21,880 Cr
ReceivablesRs 35,234 Cr
Other liabilitiesRs 52,260 Cr
Shares outstanding (crore)404.69
Ownership
Promoter holding13.82% (-0.79 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 13.8 is at the 6th percentile of its own 9.4-year range (median 23.0, low 12.7, high 39.9).
P/B 4.51 is at the 22th percentile (median 6.77).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodINFYNifty 50Difference
1 week+2.0%-2.8% +4.8 pts
1 month-10.5%-6.8% -3.7 pts
3 months-1.2%-7.6% +6.5 pts
6 months-17.2%+0.4% -17.6 pts
1 year-30.3%-9.9% -20.4 pts
2 years-45.4%-13.6% -31.9 pts
3 years-27.9%+14.2% -42.1 pts
5 years-37.8%+27.9% -65.7 pts
572 mutual fund schemes hold about ₹73,365 Cr. Over three months 415 bought more and 99 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Parag Parikh Flexi Cap Fund3.29%4,846 +12%
ICICI Pru Value Fund4.51%2,710 -14%
ICICI Pru Large Cap Fund2.74%2,196 -11%
SBI Large Cap Fundd3.66%2,020 +15%
Nippon India Large Cap Fund3.63%1,967 +44%
Nippon India Multi Cap Fund3.43%1,932 +31%
ICICI Pru India Opp Fund4.89%1,876 -2%
ICICI Pru Balanced Advantage Fund(M2.46%1,859 +3%
HDFC Balanced Advantage Fund1.58%1,701 +5%
ICICI Pru Technology Fund12.34%1,685 -0%
Tata Digital India Fund15.61%1,595 +0%
Mirae Asset Large Cap Fund3.93%1,523 +15%
ICICI Pru Multi Asset Allocation Fund1.72%1,514 -17%
SBI Aggressive Hybrid Fund1.66%1,474 +11%
HDFC Large Cap Fund2.76%1,102 +12%
UTI Nifty 50 Index Fund3.61%1,064 +14%
Aditya Birla SL Large Cap Fund3.44%1,020 -3%
Kotak Flexi Cap Fund1.72%972 +14%
Kotak Flexi Cap Fund1.72%967 +14%
HDFC Nifty 50 Index Fund3.61%873 +14%
Aditya Birla SL Flexi Cap Fund2.21%642 -3%
Axis Large Cap Fund2.04%641 -10%
Canara Rob Large Cap Fund3.68%629 +14%
ICICI Pru Nifty 50 Index Fund3.61%626 +14%
ICICI Pru Nifty 50 Index Fund3.61%622 +14%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-04-02Atul ChaturvediOtherother2,061Rs 0.26 CrESOP
2026-03-30Infosys Employee benefits TrustOtherother17,597Rs 2.20 CrOff Market
2026-03-27Infosys Employee benefits TrustOtherother25Rs 0.00 CrOff Market
2026-03-18Raghavendra K A-other3,432Rs 0.46 CrESOP
2026-03-18Venkateshwaran Ananthakrishnan-other4,449Rs 0.60 CrESOP
2026-03-18Joseph J. Alenchery-other926Rs 0.12 CrESOP
2026-03-18Binod Choudhary-other3,178Rs 0.43 CrESOP
2026-03-13Infosys Employee benefits TrustOthersell8,200Rs 1.03 CrMarket Sale
2026-03-12Inderpreet Sawhney-other6,550Rs 0.80 CrOff Market
2026-03-12Inderpreet Sawhney-other15,879Rs 1.95 CrOff Market
2026-03-02Infosys Employee Benefits TrustOtherother2,039Rs 0.26 CrOff Market
2026-02-20Infosys Employee Benefits TrustOtherother99,229Rs 13.17 CrOff Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹48,211 Cr +14.0% vs Jun 2025. Net profit ₹7,775 Cr +12.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-10Dividend - Rs 25 Per Share
2025-11-14Buy Back
2025-10-27Interim Dividend - Rs 23 Per Share
2025-05-30Dividend - Rs 22 Per Share
2024-10-29Interim Dividend - Rs 21 Per Share
2024-05-31Annual General Meeting/Special Dividend - Rs 8 Per Share /Dividend - Rs 20 Per Share
2023-10-25Interim Dividend - Rs 18 Per Share
2023-06-02Annual General Meeting/Dividend - Rs 17.50 Per Share
2022-10-27Interim Dividend - Rs 16.50 Per Share
2022-05-31Annual General Meeting/Dividend - Rs 16 Per Share
2021-10-26 Interim Dividend - Rs 15 Per Sh
2021-05-31 Annual General Meeting/Dividend - Rs 15 Per Share
2020-10-23 Interim Dividend - Rs 12 Per Share
2020-05-29 Dividend - Rs 9.50 Per Share
2019-10-23 Interim Dividend - Rs 8 Per Share
2019-06-13 Annual General Meeting/Dividend- Rs 10.50 Per Share
2019-01-24 Special Dividend - Rs 4 Per Share
2018-10-25 Interim Dividend - Rs 7 Per Share
2018-09-04 Bonus 1:10.5000
2018-06-14 Annual General Meeting/ Final Dividend Rs 20.50 Per Shar/ Special Dividend - Rs 10 Per Share
2017-10-31 Interim Dividend - Rs 13/- Per Share (Purpose Revised)
2017-10-31 Buyback
2017-06-01 Annual General Meeting/Dividend - Rs 14.75 Per Share
2016-10-21 Interim Dividend Rs 11/- Per Share (Purpose Revised)
2016-06-09 Annual General Meeting And Final Dividend Rs.14.25 Per Share
2015-10-16 Interim Dividend Rs.10/- Per Share (Purpose Revised)
2015-06-15Annual General Meeting/ Dividend - Rs 29.50/- Per Share And Bonus 1:10.5000
2014-12-02Bonus 1:10.5000
2014-10-16Interim Dividend Rs.30/- Per Share (Purpose Revised)
2014-05-29Annual General Meeting / Final Dividend - Rs 43/- Per Share
2013-10-17Interim Dividend Rs.20/- Per Share (Purpose Revised)
2013-05-30Annual General Meeting/Final Dividend Rs.27 Per Share
2012-10-18Interim Dividend Rs.15/- Per Share (Purpose Revised)
2012-05-24Annual General Meeting / Dividend - Final Rs 22 + Special Rs 10
2011-10-20Interim Dividend - Rs.15 Per Share (Purpose Revised)
2011-05-26Annual General Meeting And Final Dividend Rs.20/- Per Share
2010-10-21Interim Dividend Rs.10/- Per Share And Special Dividend Rs.30/- Per Share (Purpose Revised)
2010-05-26Agm/Div-Rs.15/- Per Share
2009-10-15Int Div-Rs.10/- Per Sharepurpose Revised
2009-06-04Agm/Dividend - 270%
2008-10-16Interim Dividend - 200% Purpose Revised
2008-05-29Agm/Div-145%+Spl Div-400%
2007-10-18Int Div-Rs.6/- Per Share Purpose Revised
2007-06-06Agm/Fin Div-Rs6.50 Per Sh
2006-10-19Int Div-Rs.5/- Per Sh Purpose Revised
2006-07-13Bonus 1:10.5000
2006-05-25Agm/Div.170%/Spl Div.600%
DateTypeWhat it says
2026-10-01UpdatesInfosys and Columbia University Launch Strategic Collaboration Across Deep Research to Drive Innovation and Unlock Business Value.
2026-09-30UpdatesInfosys and ABN Amro Extend Strategic Collaboration to Simplify IT Landscape and Accelerate AI-Driven Transformation.
2026-09-18AllotmentAllotment of 44116 securities pursuant to ESOP/ESPS.
2026-09-16UpdatesInfosys Announces Expansion of Indore Development Center.
2026-09-09UpdatesInfosys Foundation Collaborates with Madras Medical College to Strengthen Cardio-Obstetric Care for Pregnant Women.
2026-09-07UpdatesInvestor Conference.
2026-09-03UpdatesDisclosure Under Regulation 30 Of SEBI LODR Regulations.
2026-09-01UpdatesInvestor Conference.
2026-08-25UpdatesInvestor Conference.
2026-08-25UpdatesInfosys Research: The AI ROI Gap: Turning Bold AI Investments into Measurable Enterprise Value.
2026-08-24ESOPAllotment of 175865 Shares.
2026-08-24Change in ManagementChange in Management
2026-08-19UpdatesInfosys Aster Positioned as a Leader in Everest Group s Marketing Transformation Services PEAK Matrix® Assessment 2026.
2026-08-18UpdatesInfosys Collaborates with Knorr Bremse To Accelerate AI Enabled Enterprise Transformation.
2026-08-17UpdatesInvestor Conference.
2026-08-10UpdatesInvestor Conference.
2026-08-06UpdatesInfosys to Accelerate IT System Transformation for Crocs, Inc., Optimizing Global Operational Capabilities to Scale for Future Growth.
2026-08-05UpdatesInfosys and Metsä Group Expand Strategic Collaboration to Drive AI-led IT Transformation.
2026-08-04UpdatesHDFC Bank Transforms Wealth Operations with Finacle Wealth Management Solution.
2026-07-30UpdatesInvestec Selects Infosys Finacle SaaS Platform on Microsoft Azure for Digital Banking Transformation.
2026-07-28UpdatesEarnings Call Transcript.
2026-07-28UpdatesInfosys Powers NTN Corporations Digital Growth with Seamless SAP Commerce Cloud Adoption.
2026-07-25UpdatesDisclosure Under Regulation 30 Of SEBI LODR Regulations.
2026-07-23UpdatesReport Of Auditors On Financial Statements For The Quarter Ended June 30, 2026 With UDIN.
2026-07-23UpdatesAppointed of Ashiss Kumar Dash as the Chief Executive Officer Designate effective July 23, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.85
Max pain (expiry 2026-10-27)1,020
Largest call open interest at1,040
Largest put open interest at1,000
Implied volatility, at the money37.5%
Underlying at snapshot1,035.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-306,065
2026-09-2919,091
2026-09-289
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-03-03NCLTInfosys BPM Limited Vs
2019-12-03CESTATLEXICON INFOSYS ---VS.--- NEW DELHI(PREV)
2019-08-29CESTATLEXICON INFOSYS ---VS.--- NEW DELHI(PREV)
2019-07-26CESTATLEXICON INFOSYS ---VS.--- NEW DELHI(PREV)
2019-07-10CESTATLEXICON INFOSYS ---VS.--- NEW DELHI(PREV)
2019-05-10CESTATLEXICON INFOSYS ---VS.--- NEW DELHI(PREV)
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03