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Infosys

INFY NSE
₹1,128.20 No trade today
P/E
14.88
View as Markdown
MCP
Close 4 Nov 2026 ₹1,128.20 −338.50 −23.1% 1Y
Start ₹1,466.70

Key Fundamentals

LargecapIT - SoftwareInformation Technology

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
40.00%
Debt to Equity
0.09
EPS (TTM)
₹75.80
Book Value
₹232.26
Market Cap
—
P/E (TTM)
14.88
P/B
4.86
ROE
31.90%
Dividend Yield
2.26%
EBITDA
₹46,602 Cr
52W High
₹1,728.00
52W Low
₹980.40
Volume
0

Peer Comparison

Information Technology › IT - Software › Computers - Software & Consulting

Infosys peer comparison
TCS
₹2,436.0017.08₹8,98,480 Cr7.400.96%51.80%63.00%₹2,83,248 Cr₹51,858 Cr
Infosys (this company)
₹1,128.2014.88₹4,63,085 Cr4.862.26%31.90%40.00%₹1,89,336 Cr₹30,788 Cr
HCL Tech
₹1,405.0021.88₹3,89,601 Cr5.013.34%23.80%30.40%₹1,34,374 Cr₹17,434 Cr
Wipro
₹194.5515.21₹1,94,390 Cr2.441.01%15.50%17.80%₹94,968 Cr₹13,285 Cr
Tech Mahindra
₹1,783.0034.02₹1,76,066 Cr5.880.84%17.50%23.10%₹59,176 Cr₹5,163 Cr
LTM
₹4,204.9023.84₹1,26,067 Cr4.820.59%23.10%29.60%₹44,075 Cr₹5,197 Cr
Persistent Systems
₹6,065.0049.64₹96,188 Cr7.820.66%27.20%34.40%₹15,718 Cr₹1,922 Cr
Median 7 companies₹1,783.0021.88₹1,94,390 Cr5.010.96%23.80%30.40%₹94,968 Cr₹13,285 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

64 Good

Data confidence 100/100

Category scores

Quality
81
Strong
Returns, margins, earnings quality 22% weight
Valuation
66
Good
Cheap vs sector & own history 24% weight
Growth
47
Average
Sales & profit trajectory 9% weight
Financial Health
72
Strong
Solvency, leverage, coverage 9% weight
Momentum
55
Average
Trend strength, vol-adjusted 12% weight
Ownership
56
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

5
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.13%.
  • 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: 13.9%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish568
OscillatorsBullish162
Moving AveragesStrong Bullish406

Key readings

RSI (14)
52.76
Neutral
MACD (12,26,9)
24.63
Bullish
SMA (50)
1,086.60
Bullish
SMA (200)
1,208.39
Bearish

As of

Analyst Rating

Based on 42 analysts
HOLD50%

17 of 42 analysts rate Buy, 21 Hold, 4 Sell.

As of

BUY
17
40%
HOLD
21
50%
SELL
4
10%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+11.08%
5Y+12.20%
3Y+6.77%
1Y+9.61%
TTM+11.73%

Net profit

Net profit growth by window
10Y+8.13%
5Y+8.70%
3Y+6.93%
1Y+10.18%
TTM+9.34%

Operating cash flow

Operating cash flow growth by window
10Y+12.98%
5Y+7.91%
3Y+14.79%
1Y−4.79%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−3.68 pp
5Y−4.09 pp
3Y−0.27 pp
1Y−0.40 pp
TTM−0.17 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹68,484 Cr
Mar 2018₹70,522 Cr
Mar 2019₹82,675 Cr
Mar 2020₹90,791 Cr
Mar 2021₹1,00,472 Cr
Mar 2022₹1,21,641 Cr
Mar 2023₹1,46,767 Cr
Mar 2024₹1,53,670 Cr
Mar 2025₹1,62,990 Cr
Mar 2026₹1,78,650 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹14,353 Cr
Mar 2018₹16,029 Cr
Mar 2019₹15,410 Cr
Mar 2020₹16,639 Cr
Mar 2021₹19,423 Cr
Mar 2022₹22,146 Cr
Mar 2023₹24,108 Cr
Mar 2024₹26,248 Cr
Mar 2025₹26,750 Cr
Mar 2026₹29,474 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹11,361 Cr −9.4% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk medium

Infosys Ltd trades at ₹1,185 as of 2026-10-30 with a market cap of ₹4,80,901 Cr and a P/E (TTM) of 15.63x. The company is nearly debt-free (debt-to-equity of 0.10) with a strong ROE of 31.59% and ROCE of 38.99%, but the stock sits 31% below its 52-week high of ₹1,728 and has delivered a negative 1-year stock CAGR of -22%.

Bull Case 8
  • Near debt-free balance sheet with a debt-to-equity ratio of just 0.10, providing significant financial flexibility and resilience through business cycles.
  • Superior return ratios with ROE at 31.59% and ROCE at 38.99% as of 2026-10-30, indicating highly efficient capital deployment. The 3-year average ROE stands at 31%.
  • Attractive dividend yield of 2.27% at the current price, supported by a healthy dividend payout ratio of 68.5%, offering meaningful cash returns to shareholders.
  • TTM revenue growth of 12% and TTM profit growth of 12% indicate an acceleration from the 3-year compounded sales growth of 7% and 3-year profit CAGR of 8%.
  • Improving working capital efficiency with requirement reducing from 42.0 days to 32.7 days, freeing up cash for dividends, buybacks, or reinvestment.
  • Consistent long-term compounder with 10-year sales CAGR of 11% and 10-year profit CAGR of 8%, demonstrating durable business quality.
  • Trading at a P/E (TTM) of 15.63x and a P/B of 5.10x, which is at the lower end of its historical range given the stock is 31% below its 52-week high of ₹1,728, potentially offering a more reasonable entry valuation.
  • 5-year compounded sales growth of 12% outpaces the 5-year profit growth of 9%, suggesting operating leverage could narrow this gap if margin expansion materialises.
Bear Case 8
  • Stock has delivered a sharply negative 1-year CAGR of -22%, significantly underperforming and reflecting deteriorating market sentiment or sector headwinds.
  • Promoter holding is low at 13.9%, which may raise governance concerns and limit promoter alignment with minority shareholders.
  • Longer-term stock returns have been disappointing with a 3-year CAGR of -6% and a 5-year CAGR of -7%, meaning shareholders have lost value over extended periods despite business growth.
  • Despite profit growing at 8% over 10 years and sales at 11%, the gap suggests gradual margin pressure over the long term, with profit growth lagging revenue growth.
  • The stock is trading 21% above its 52-week low of ₹980.40 but still 31% below the 52-week high of ₹1,728, indicating significant volatility and uncertain directional momentum.
  • 3-year compounded sales growth of only 7% points to a period of meaningful revenue deceleration relative to the 5-year (12%) and 10-year (11%) rates.
  • P/B ratio of 5.10x implies the market still prices in a significant premium over book value, which could compress further if growth disappoints.
  • EPS (TTM) of ₹75.80 needs to sustain the recent 12% profit growth trajectory to justify current valuations; any slowdown could push the P/E higher or the stock lower.

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

AI News Digest

10h ago

TL;DR: Infosys is winning large deals ($5.2B in Q2, up 68% YoY) and accelerating its AI pivot (10.5% of revenue), but two consecutive guidance cuts to 1-2% CC growth, intensifying pricing pressure, and weak discretionary spending are eroding near-term revenue visibility. The stock is down ~30% YTD with sharply divided brokerage views. The forward outlook hinges on whether the strong deal pipeline converts into revenue growth and whether AI-led pricing deflation stabilizes — until then, expect continued volatility.

Headwinds 6
  • FY27 guidance cut to 1-2% Oct 26

    Infosys cut FY27 constant-currency revenue growth guidance to 1-2% from 1.5-3%, the second consecutive quarter of downward revision. Constant-currency revenue grew just 1.5% YoY and 1.2% QoQ in Q2, below Street estimates of 1.4%.

  • ₹25,000 cr market cap wiped Oct 26

    Shares fell 5.3% over two sessions, shedding over ₹25,000 crore in market cap. ADRs dropped 8% in pre-market trading, and at least seven brokerages downgraded the stock.

  • Pricing pressure intensifying Oct 26

    CFO flagged subdued volumes, competitive intensity driving pricing pressure, and clients demanding AI-led productivity gains be passed through as lower prices. Non-AI sales fell ~1% QoQ.

Positives 8
  • Large deals at $5.2B in Q2 Oct 23

    Total contract value of large deal wins reached $5.2 billion in Q2 FY27, up 68% YoY, including a mega deal over $2 billion. Net-new business accounted for 62% of total deal value.

  • AI revenue surging to 10.5% Oct 23

    AI-related revenue grew 29% sequentially and now accounts for 10.5% of total revenue, up from 8.2% in Q1 FY27 and 5.5% in Q3 FY26.

  • ₹26 interim dividend declared Oct 23

    Board declared an interim dividend of ₹26 per share, the highest in over 11 years, with record date Nov 3 and payment on Nov 11. Cash outflow of approximately ₹10,531 crore.

Neutral 4
  • Syngenta SAP transformation complete Oct 27

    Infosys completed a global SAP S/4HANA implementation for Syngenta's Crop Protection business covering 10,000+ employees across 80 countries, leveraging Infosys Topaz AI and Cobalt cloud platforms.

  • AI workforce transformation underway Oct 15

    Over 80,000 employees use AI coding tools, 6,000 frontier engineers being built, and CEO targets AI services reaching 20-30% of work within quarters and potentially ~50% in 2-3 years. Sustainability of this pace remains uncertain.

  • Chairman bullish on AI jobs Oct 13

    Infosys Chairman Nandan Nilekani dismissed AI job-loss fears as 'disaster marketing,' arguing AI will drive more enterprise transformation work. He stated India will lead in AI diffusion at scale rather than model development.

Quarterly Results

₹ Cr
INFY quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
38,994
38,821
37,923
39,315
40,986
41,764
40,925
42,279
44,490
45,479
46,402
48,211
49,244
Expenses
29,554
29,684
29,139
29,878
31,177
31,649
31,051
32,336
33,955
34,845
35,235
36,802
37,555
Operating Profit
9,440
9,137
8,784
9,437
9,809
10,115
9,874
9,943
10,535
10,634
11,167
11,409
11,689
OPM %
24%
24%
23%
24%
24%
24%
24%
24%
24%
23%
24%
24%
24%
Other Income
632
789
2,729
838
712
859
1,190
1,042
982
−150
1,159
984
848
Interest
138
131
110
105
108
101
102
105
106
100
105
119
115
Depreciation
1,166
1,176
1,163
1,149
1,160
1,203
1,299
1,140
1,182
1,155
1,424
1,246
1,359
PBT
8,768
8,619
10,240
9,021
9,253
9,670
9,663
9,740
10,229
9,229
10,797
11,028
11,063
Tax %
29%
29%
22%
29%
30%
29%
27%
29%
28%
28%
21%
30%
29%
Net Profit
6,215
6,113
7,975
6,374
6,516
6,822
7,038
6,924
7,375
6,666
8,509
7,775
7,838
EPS (₹)
14.97
14.71
19.2
15.34
15.67
16.39
16.93
16.66
17.73
16.41
20.96
19.15
19.28

Profit & Loss

₹ Cr
INFY profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
1,89,336
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
1,44,437
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
44,899
OPM %
28%
27%
27%
27%
24%
25%
28%
26%
24%
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
2,841
Interest
12
0
0
0
0
170
195
200
284
470
416
416
439
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
5,184
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
42,117
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
30,788
EPS (₹)
26.93
29.36
31.24
36.69
35.26
38.96
45.42
52.56
58.08
63.2
64.32
72.59
75.8
Div. Payout %
55%
41%
41%
59%
60%
45%
59%
59%
58%
73%
67%
66%
—

Balance Sheet

₹ Cr
INFY balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 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
2,026
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
97,051
Borrowings
0
0
0
0
0
4,633
5,325
5,474
8,299
8,359
8,227
9,176
8,525
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
55,878
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
1,63,480
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
38,536
CWIP
776
960
1,365
1,606
1,388
954
922
416
288
293
814
526
423
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
22,151
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
1,02,370
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
1,63,480

Cash Flow

₹ Cr
INFY cash flow, annual, ₹ crore
Particulars 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/EBITDA
101
93
92
107
107
97
106
100
89
95
105
101

Ratios

INFY financial ratios, annual
Particulars 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Infosys insights

65 extracted metrics across FY05–FY27.

Shareholding Pattern

As of Sep 2026

  • DIIs 42.85%
  • FIIs 27.44%
  • Promoters 13.90%
  • Public 13.14%
  • Others 2.65%
  • Government 0.02%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Infosys

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. It is the 2nd largest Information Technology company in India behind TCS.
Where is Infosys Ltd (INFY) listed?
Infosys Ltd trades as INFY on the NSE and under code 500209 on the BSE.
Which sector does Infosys Ltd belong to?
Infosys Ltd is classified under the Information Technology sector, in the IT - Software industry.
What is the PE ratio of Infosys Ltd?
Infosys Ltd trades at a PE ratio of 14.88 as of 4 Nov 2026, on earnings per share of ₹75.8, against a book value of ₹232.26 per share.
What is the 52-week high and low of Infosys Ltd?
Over the last 52 weeks Infosys Ltd has traded between ₹980.4 and ₹1,728 as of 4 Nov 2026.
Does Infosys Ltd pay dividends?
Infosys Ltd has a dividend yield of 2.26%.
What is the Return on Equity (ROE) of Infosys Ltd?
Infosys Ltd reported a return on equity of 31.90%. Its debt-to-equity ratio is 0.09.

Company Information

Infosys Ltd provides consulting, technology, outsourcing and next-generation digital services to enable clients to execute strategies for their digital transformation. It is the 2nd largest Information Technology company in India behind TCS.

Website infosys.com
CEO Mr. Nandan M. Nilekani
Employees 3,37,034
Listed 14 Jun 1993
Face Value ₹5

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