1 Top Management and Board of Directors; 2 Top shareholders; 3 Peer Comparison & Ranking of INFY; 4 Patents; 5 Currency Synopsis: Indian Rupees (INR)

Top Management and Board of Directors

Top Management
Top Management [One top executive with tenure > 6 yrs]

NameDesignationSince Appointment
Nandan NilekaniChairman, Co-Founder6 Yrs, 8 Mos

Top Management

NameDesignation
Jayesh SanghrajkaChief Financial Officer
Salil S. ParekhChief Executive Officer, Managing Director


Board Of Directors
Board Of Directors [Nine directors with tenure < 4 yrs]

NameSince Appointment
Chitra Nayak3 Yrs, 1 Mo
Nitin Paranjpe3 Mos
Govind Iyer1 Yr, 3 Mos
D N Prahlad-
Ravi Venkatesan-
Roopa Kudva-
D Sundaram-
Kiran Mazumdar-Shaw-
Punita Kumar-Sinha-


Resignations in the Past Year

NameDesignationDate of Resignation
Nilanjan RoyChief Financial Officer31 March 2024
Uri LevineIndependent Director19 April 2023



Top shareholders
Top 13 shareholders

Name of the Share HolderNumber Of Shares% of Capital
Life Insurance Corporation of India3661804828.8
SBI MUTUAL FUND1806556374.4
ICICI PRUDENTIAL MUTUAL FUND1076472112.6
GOVERNMENT OF SINGAPORE920929372.2
National Pension System Trust685722531.7
UTI MUTUAL FUND642251871.6
HDFC MUTUAL FUND603879881.5
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND476929741.2
VANGUARD EMERGING MARKETS STOCK INDEX FUND473749581.1
GOVERNMENT PENSION FUND GLOBAL463038491.1
SBI LIFE INSURANCE CO. LTD445511811.1
ADITYA BIRLA SUN LIFE TRUSTEE417122811.0
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED415697791.0
% held by Top 13 shareholders 29.3%


Peer Comparison & Ranking of INFY
PEER COMPARISON: INFY IN INDICES

Infosys is a constituent of the following indices.

Its market capitalisation is $71 billion and accounts for 20.9% of the combined MCap of the BSE Information Technology Index.

Index NameMCap of Index ($ b)INFY MCap as % of Index
BSE Information Technology Index342 20.9
BSE Teck Index495 14.4
BSE SENSEX Index1,764 4.0
Nifty Index2,158 3.3
BSE 100 Index2,730 2.6
BSE 200 Index3,626 2.0
BSE 500 Index4,268 1.7

GLOBAL PEER COMPARISON: INFY - SIZE (all figures in $)

In its Global Peer Group of 9 companies INFY is ranked second (2) by Revenue, Net Profit and fifth (5) by MCap, Total Assets.


Name (Code)MCapRevenueNet ProfitTotal Assets
Rank of INFY5225
Infosys (INFY)71.4B17.9B2.9B15.1B
Booking Holdings (BKNG)120.8B17.1B3.1B25.4B
Meituan Dianping (03690)90.4B30.4B(923M)33.8B
Synopsys (SNPS)80.5B5.8B1.2B10.3B
Cadence Design Systems (CDNS)76.7B3.6B849M5.1B
MercadoLibre (MELI)70.7B10.5B482M13.7B
NetEase (09999)64.8B13.3B2.8B23.8B
Constellation Software (CSU)57.6B6.6B512M7.9B
Dassault Systemes (DSY)56.1B6B991.8M15.2B

GLOBAL PEER COMPARISON: INFY - RELATIVE VALUE INDICATORS

In value terms, comparing relative value of its shares, INFY is ranked

+ 2 out of 9 by Dividend Yield (%) [2.5]
+ 2 out of 9 by Price/Earnings per share [24.5]
+ 2 out of 9 by Price/Sales per share [3.9]


Name (Code)Currency CodeLast PriceDiv Yld (%)P/EP/S
Rank of INFY by value222
Infosys (INFY)INR1,433.32.524.53.9
Booking Holdings (BKNG)USD3,5340.246.17.1
Meituan Dianping (03690)HKD113.63.0
Synopsys (SNPS)USD527.565.313.8
Cadence Design Systems (CDNS)USD281.890.021.5
MercadoLibre (MELI)USD1,3956.7
NetEase (09999)HKD148.12.722.04.9
Constellation Software (CSU)CAD3,730.90.18.7
Dassault Systemes (DSY)EUR39.10.638.59.1

USD 1=
83.293639 Indian Rupees (INR); 7.836 Hong Kong Dollar (HKD); 1.368 Canadian Dollar (CAD); 0.935 Euro (EUR)


BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:
Infosys vs Indian Market

Out of 3,829 stocks in the Indian Market, Infosys is ranked thirteenth(13) by Net Profit $, Thirty-third(33) by P/Earnings, Thirty-third(33) by P/Sales and Sixtieth(60) by Price/Net Tangible Assets.

Indian AvgINFYINFY Rank
Net Profit $58.6 M2.9 B13
P/Earnings24.4x24.3x33
P/Sales1.98x3.9x33
Price/Net Tangible Assets2.97x9.9x60
Yield (%)12.5100
ROE (%)14.231.8182
ROA (%)1.419.2204
Premium to 52-Wk Low (%)39.321.1494
EBITDA Margin%11.225.1677
P/Earnings/ Growth-2.5x843
EPS Growth YOY (%)-9.71371
Total Debt/Equity (the lower the better)1.1x0.3x1659
Discount to 52-Wk High (%)7.317.32245
Negative values are shown in brackets.
Stock in Index and Stock in Sector

DescriptionINFYBSE SENSEX Index% of BSE SENSEX IndexIT consulting & software sector% of IT consulting & software sector
Net Profit $2.9 B58.2 B5.013.8 B21.0
Revenue $17.9 B532.2 B3.493.5 B19.2
Total Assets $15.1 B2,138.6 B0.777.9 B19.4
MCap $71.4 B1,764.4 B4.0394.3 B18.1

Relative Valuation Indicators: Stock vs Index and Stock vs Sector

DescriptionINFYBSE SENSEX Index Avg.IT consulting & software sector Avg.
Price/Earnings24.329.533.5
P/Earnings/Growth2.5-0.34-6.85
Yield (%)2.481.142.0
Price/Net Tangible Assets9.934.9411.62
Total Debt/Equity (the lower the better)0.26x0.86x0.2x

MARKET SHARE
Infosys vs It Consulting & Software sector [It Consulting & Software sector Total in Brackets]
Revenue of Rs1,494.7 billion ($17.9 billion)[19.3% of aggregate sector revenue of Rs7,789.7 billion; up from 19.0% in the previous year.]
Net Profit of Rs240.9 billion ($2.9 billion) [21.2% of aggregate sector net profit of Rs1,145.4 billion; up from 20.8% in the previous year.]

GLOBAL RANK [out of 46,503 stocks] AND RANK OF INFOSYS IN THE ASIA REGION [out of 25,474 stocks]

DescriptionValueGlobal RankIn Asia Region
MCap ($)71.4B23440
Total Assets ($)15.1B2,333908
Revenue ($)17.9B900321
Net Profit ($)2.9B501156
Return on Equity %31.81,844740
Net Profit Margin %16.17,6634,091
Price to Book10.033,87221,606
Price/Earnings24.516,59110,445
Yield %2.512,3266,600
PV1000 (1Year) $*1,21311,4086,410
$* Change (1Year) %18.811,3226,474

* 1 year ago $1 = INR 81.93
Apr 24, 2024: $ 1 equals INR 83.29

RANK OF INFOSYS IN THE BSE SENSEX INDEX [out of 30 stocks], IN THE INDIAN MARKET [out of 4016 stocks] AND IN THE IT CONSULTING & SOFTWARE SECTOR [out of 71 stocks]

DescriptionValueIn BSE SENSEX IndexIn Indian MarketIn IT consulting & software sector
Total Assets (Rs)1,258.2B19662
Return on Equity %31.831708
Net Profit Margin %16.11070214
Price to Book9.9223,04145
Price/Earnings24.31294411
Yield %2.551076
PV1000 (1Year) INR1,232231,41221


Patents
Number of Patents Issued to Infosys by the US Patent Office and the European Patent Office
A total of 241 patents were issued to Infosys in the last ten years. In the past year 30 patents were issued, 1.2 times average of 24 patents per year.

12 months ended Apr 24No. of Patents Issued
202430
202317
202212
20216
202015
201925
201829
201738
201655
201514
Total241


Currency Synopsis: Indian Rupees (INR)
% Change of INR vs Currency Basket Period-Based
In the past year the Indian Rupee fell 1.7% against the US Dollars; in the past three years the Indian Rupee fell 10.0% against the US Dollars.

LastCountry1-day %1-week %1-Year %3-Yrs %
INR1=0.012USDUnited States Of America0.10.2-1.7-10.0
INR1=0.087CNYChina0.10.43.30.4
INR1=1.858JPYJapan0.10.413.228.9
INR1=0.011EUREuropean Union--1.51.6
INR1=16.542KRWSouth Korea--0.81.510.9
INR1=0.016SGDSingapore0.10.10.4-7.7
INR1=0.02NZDNew Zealand0.1-0.12.39.5
INR1=0.01GBPUnited Kingdom-0.11.0-1.11.2
INR1=0.019AUDAustralia-0.1-0.21.98.1
INR1=0.094HKDHong Kong-0.3-1.9-9.2
INR1=0.011CHFSwitzerland0.10.10.7-10.4
INR1=0.016CADCanada-0.1-0.4-0.5-1.3
INR1=0.131SEKSweden-0.2-0.33.916.5
INR1=0.132NOKNorway-0.52.319.0
INR1=0.205MXNMexico0.41.9-6.7-22.8

1 Tax & Dividend; 2 Financials as Reported H1/2023, FY 2023, Past 10 Years

Tax & Dividend
Average Income Tax Paid (Past 5 Years)
In the past 5 years, Income Tax as % of profit before tax increased from 26.8% to 27.7% and Income Tax as % of operating cash flow decreased from 26.8% to 24.5%.

Description20232022202120202019
As % of profit before tax27.726.427.124.426.8
As % of operating cash flow24.523.724.121.626.8

The 5-year average of profit before tax was 26.5%.

Dividend History
In the past 5 years annual dividends have increased by INR17.0 from INR18.5 to INR35.5. Based on a start date of 5 years ago, there has been no decline in dividends over the last 5 years.

DateValue (INR)Type
25 Oct 202318Interim
02 Jun 202317.5Final
Tr 12 Months35.5
2022 - 202332.5
2021 - 202230
2020 - 202121.5
2019 - 202018.5


Financials as Reported H1/2023, FY 2023, Past 10 Years
Financials as reported (Half Year)

RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In INR Million, except per share data and shares outstanding)

INCOME STATEMENT AS REPORTED

DescriptionINR MillionINR Million
Sep 3020232022Change %
Revenues769,270710,080Up 8.3
Cost of sales534,120497,810Up 7.3
Gross profit235,150212,270Up 10.8
Operating expenses
Selling and marketing expenses35,38029,790Up 18.8
Administrative expenses38,12034,620Up 10.1
Total operating expenses73,50064,410Up 14.1
Operating profit161,650147,860Up 9.3
Other income net11,93012,600Down 5.3
Finance cost2,2801,210Up 88.4
Profit before income taxes171,300159,250Up 7.6
Income tax expense49,70045,370Up 9.5
Net profit121,600113,880Up 6.8
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss
Remeasurement of the net defined benefit liability/asset net230-460Recovery
Equity instruments through other comprehensive income net40070Up 471.4
630-390Recovery
Items that will be reclassified subsequently to profit or loss
Fair value changes on derivatives designated as cash flow hedge net290140Up 107.1
Exchange differences on translation of foreign operations210390Down 46.2
Fair value changes on investments net550-3,460Recovery
1,050-2,930Recovery
Total other comprehensive income/(loss) net of tax1,680-3,320Recovery
Total comprehensive income123,280110,560Up 11.5
Profit attributable to:
Owners of the Company121,570113,810Up 6.8
Non-controlling interests3070Down 57.1
121,600113,880Up 6.8
Total comprehensive income attributable to:
Owners of the Company123,280110,540Up 11.5
Non-controlling interests20
123,280110,560Up 11.5
Earnings per equity share
Equity shares of par value ?5/- each
BasicRs29.38Rs27.13Up 8.3
DilutedRs29.34Rs27.10Up 8.3
Weighted average equity shares used in computing earnings per equity share
Basic (in shares)4,137,939,4964,194,185,175Down 1.3
Diluted (in shares)4,142,711,5234,200,026,950Down 1.4

BALANCE SHEET AS REPORTED

DescriptionINR MillionINR Million
Sep 30, 2023Mar 31, 2023Change %
ASSETS
Current assets
Cash and cash equivalents157,130121,730Up 29.1
Current investments75,79069,090Up 9.7
Trade receivables282,610254,240Up 11.2
Unbilled revenue140,540152,890Down 8.1
Prepayments and other current assets112,470109,790Up 2.4
Income tax assets42060Up 600.0
Derivative financial instruments1,7101,010Up 69.3
Total current assets770,670708,810Up 8.7
Non-current assets
Properly plant and equipment131,790137,930Down 4.5
Right-of-use assets69,50068,820Up 1.0
Goodwill72,40072,480Down 0.1
Intangible assets15,47017,490Down 11.5
Non-current investments117,440125,690Down 6.6
Unbilled revenue14,19014,490Down 2.1
Deferred income tax assets8,68012,450Down 30.3
Income tax assets69,45064,530Up 7.6
Other non-current assets33,40035,470Down 5.8
Total non-current assets532,320549,350Down 3.1
Total assets1,302,9901,258,160Up 3.6
LIABILITIES AND EQUITY
Current liabilities
Trade payables32,03038,650Down 17.1
Lease liabilities19,20012,420Up 54.6
Derivative financial instruments770780Down 1.3
Current income tax liabilities41,88033,840Up 23.8
Unearned revenue70,11071,630Down 2.1
Employee benefit obligations26,13023,990Up 8.9
Provisions17,02013,070Up 30.2
Other current liabilities181,430197,480Down 8.1
Total current liabilities388,570391,860Down 0.8
Non-current liabilities
Lease liabilities66,26070,570Down 6.1
Deferred income tax liabilities10,28012,200Down 15.7
Employee benefit obligations820830Down 1.2
Other non-current liabilities25,52024,750Up 3.1
Total non-current liabilities102,880108,350Down 5.0
Total liabilities491,450500,210Down 1.8
Equity
Share capital - 5 par value 4800000000 (4800000000) equity shares authorized issued and outstanding 4138825258 (4136387925) equity shares fully paid up net of 11558862 (12172119) treasury shares as at September 30 2023 (March 312023)20,70020,690Up
Share premium13,33010,650Up 25.2
Retained earnings637,890600,630Up 6.2
Cash flow hedge reserves240-50Recovery
Other reserves112,090100,140Up 11.9
Capital redemption reserve1,6901,690Steady
Other components of equity21,74020,320Up 7.0
Total equity attributable to equity holders of the Company807,680754,070Up 7.1
Non-controlling interests3,8603,880Down 0.5
Total equity811,540757,950Up 7.1
Total liabilities and equity1,302,9901,258,160Up 3.6

CASH FLOW AS REPORTED

DescriptionINR MillionINR Million
Sep 3020232022Change %
Operating activities:
Net Profit121,600113,880Up 6.8
Adjustments to reconcile net profit to net cash provided by operating activities:
Depreciation and amortization23,39019,790Up 18.2
Income tax expense49,70045,370Up 9.5
Finance cost2,2801,210Up 88.4
Interest and dividend income-5,260-5,640Improved 6.7
Exchange differences on translation of assets and liabilities net-101,310Deterioration
Impairment loss recognised/(reversed) under expected credit loss model2,060910Up 126.4
Stock compensation expense2,7902,690Up 3.7
Other adjustments9,0602,810Up 222.4
Changes in working capital
Trade receivables and unbilled revenue-17,510-48,640Improved 64.0
Prepayments and other assets-2,590-12,540Improved 79.3
Trade payables-6,610-90Deterioration 7,244.4
Unearned revenue-1,5206,250Deterioration
Other liabilities and provisions-6,16025,880Deterioration
Cash generated from operations171,220153,190Up 11.8
Income taxes paid-45,380-42,270Deterioration 7.4
Net cash generated by operating activities125,840110,920Up 13.5
Investing activities:
Expenditure on property plant and equipment and intangibles-12,990-12,340Deterioration 5.3
Deposits placed with corporation-6,360-5,640Deterioration 12.8
Redemption of deposits placed with corporation4,3903,840Up 14.3
Interest and dividend received4,9505,140Down 3.7
Payment for acquisition of business net of cash acquired-9,040
Payment of contingent consideration pertaining to acquisition of business-590-600Improved 1.7
Payments to acquire Investments
Quoted debt securities-1,040-18,310Improved 94.3
Liquid mutual fund units-330,380-363,100Improved 9.0
Certificates of deposit-21,790-50,240Improved 56.6
Commercial paper-29,030-4,820Deterioration 502.3
Other investments-50-180Improved 72.2
Proceeds on sale of investments
Other investments990
Quoted debt securities11,74016,270Down 27.8
Liquid mutual fund units312,920343,360Down 8.9
Certificates of deposit49,12031,380Up 56.5
Commercial paper12,5402,000Up 527.0
Other receipts1,270400Up 217.5
Net cash (used)/generated in investing activities-5,300-60,890Improved 91.3
Financing activities:
Payment of lease liabilities-9,200-5,270Deterioration 74.6
Payment of dividends-72,460-67,110Deterioration 8.0
Payment of dividends to non-controlling interests of subsidiary-20-220Improved 90.9
Other payments-3,340-2,200Deterioration 51.8
Other receipts200840Down 76.2
Shares issued on exercise of employee stock options3070Down 57.1
Net cash used in financing activities-84,790-73,890Deterioration 14.8
Net increase/(decrease) in cash and cash equivalents35,750-23,860Recovery
Effect of exchange rate changes on cash and cash equivalents-350-2,170Improved 83.9
Cash and cash equivalents at the beginning of the period121,730174,720Down 30.3
Cash and cash equivalents at the end of the period157,130148,690Up 5.7

Financials as reported (FY 2023 [year-ended 31 March 2023 ])

RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In INR Million, except per share data and shares outstanding)

INCOME STATEMENT AS REPORTED (FY 2023 [year-ended 31 March 2023 ])

DescriptionINR MillionINR Million
Mar 3120232022Change %
Revenue from operations1,467,6701,216,410Up 20.7
Other income net27,01022,950Up 17.7
Total Income1,494,6801,239,360Up 20.6
Expenses
Employee benefit expenses783,590639,860Up 22.5
Cost of technical sub-contractors140,620126,060Up 11.6
Travel expenses15,2508,270Up 84.4
Cost of software packages and others109,02068,110Up 60.1
Communication expenses7,1306,110Up 16.7
Consultancy and professional charges16,84018,850Down 10.7
Depreciation and amortisation expenses42,25034,760Up 21.5
Finance cost2,8402,000Up 42.0
Other expenses43,92034,240Up 28.3
Total expenses1,161,460938,260Up 23.8
Profit before tax333,220301,100Up 10.7
Tax expense:
Current tax92,87078,110Up 18.9
Deferred tax-7301,530Deterioration
Profit for the period241,080221,460Up 8.9
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss
Remeasurement of the net defined benefit liability/asset net80-850Recovery
Equity instruments through other comprehensive income net-70960Deterioration
Items that will be reclassified subsequently to profit or loss
Fair value changes on derivatives designated as cash flow hedges net-70-80Improved 12.5
Exchange differences on translation of foreign operations7,7602,280Up 240.4
Fair value changes on investments net-2,560-490Deterioration 422.4
Total other comprehensive income/(loss) net of tax5,1401,820Up 182.4
Total comprehensive income for the period246,220223,280Up 10.3
Profit attributable to:
Owners of the company240,950221,100Up 9.0
Non-controlling interests130360Down 63.9
241,080221,460Up 8.9
Total comprehensive income attributable to:
Owners of the company245,980222,930Up 10.3
Non-controlling interests240350Down 31.4
246,220223,280Up 10.3
Paid up share capital (par value ?5/- each fully paid)20,69020,980Down 1.4
Other equity733,380732,520Up 0.1
Earnings per equity share (par value ?5/- each)
BasicRs57.63Rs52.52Up 9.7
DilutedRs57.54Rs52.41Up 9.8

BALANCE SHEET AS REPORTED (FY 2023 [year-ended 31 March 2023 ])

DescriptionINR MillionINR Million
Mar 3120232022Change %
ASSETS
Non-current assets
Property plant and equipment133,460130,750Up 2.1
Right of use assets68,82048,230Up 42.7
Capital work-in-progress2,8804,160Down 30.8
Goodwill72,48061,950Up 17.0
Other Intangible assets17,49017,070Up 2.5
Financial assets
Investments125,690136,510Down 7.9
Loans390340Up 14.7
Other financial assets27,98014,600Up 91.6
Deferred tax assets (net)12,45012,120Up 2.7
Income tax assets (net)64,53060,980Up 5.8
Other non-current assets23,18020,290Up 14.2
Total non-current assets549,350507,000Up 8.4
Current assets
Financial assets
Investments69,09066,730Up 3.5
Trade receivables254,240226,980Up 12.0
Cash and cash equivalents121,730174,720Down 30.3
Loans2,8902,480Up 16.5
Other financial assets116,04087,270Up 33.0
Income tax assets (net)60540Down 88.9
Other current assets144,760113,130Up 28.0
Total current assets708,810671,850Up 5.5
Total Assets1,258,1601,178,850Up 6.7
EQUITY AND LIABILITIES
Equity
Equity share capital20,69020,980Down 1.4
Other equity733,380732,520Up 0.1
Total equity attributable to equity holders of the Company754,070753,500Up 0.1
Non-controlling interests3,8803,860Up 0.5
Total equity757,950757,360Up 0.1
Liabilities
Non-current liabilities
Financial liabilities
Lease liabilities70,57046,020Up 53.3
Other financial liabilities20,58023,370Down 11.9
Deferred tax liabilities (net)12,20011,560Up 5.5
Other non-current liabilities5,0004,510Up 10.9
Total non-current liabilities108,35085,460Up 26.8
Current liabilities
Financial liabilities
Lease liabilities12,4208,720Up 42.4
Trade payables38,65041,340Down 6.5
Other financial liabilities185,580158,370Up 17.2
Other Current Liabilities108,30091,780Up 18.0
Provisions13,0709,750Up 34.1
Income tax liabilities (net)33,84026,070Up 29.8
Total current liabilities391,860336,030Up 16.6
Total equity and liabilities1,258,1601,178,850Up 6.7

CASH FLOW AS REPORTED (FY 2023 [year-ended 31 March 2023 ])

DescriptionINR MillionINR Million
Mar 3120232022Change %
Cash flow from operating activities
Profit for the year241,080221,460Up 8.9
Adjustments to reconcile net profit to net cash provided by operating activities:
Income tax expense92,14079,640Up 15.7
Depreciation and amortization42,25034,760Up 21.5
Interest and dividend income-18,170-16,450Deterioration 10.5
Finance cost2,8402,000Up 42.0
Impairment loss recognized / (reversed) under expected credit loss model2,8301,700Up 66.5
Exchange differences on translation of assets and liabilities net1,6101,190Up 35.3
Stock compensation expense5,1904,150Up 25.1
Other adjustments6,280760Up 726.3
Changes in assets and liabilities
Trade receivables and unbilled revenue-70,760-79,370Improved 10.8
Loans other financial assets and other assets-31,080-19,140Deterioration 62.4
Trade payables-2,79014,890Deterioration
Other financial liabilities other liabilities and provisions41,19069,380Down 40.6
Cash generated from operations312,610314,970Down 0.7
Income taxes paid-87,940-76,120Deterioration 15.5
Net cash generated by operating activities224,670238,850Down 5.9
Cash flows from investing activities
Expenditure on property plant and equipment and intangibles-25,790-21,610Deterioration 19.3
Deposits placed with corporation-9,960-9,060Deterioration 9.9
Redemption of deposits placed with Corporation7,6207,530Up 1.2
Interest and dividend received15,25018,980Down 19.7
Payment towards acquisition of business net of cash acquired-9,100
Payment of contingent consideration pertaining to acquisition of business-600-530Deterioration 13.2
Escrow and other deposits pertaining to Buyback-4,830-4,200Deterioration 15.0
Redemption of escrow and other deposits pertaining to Buyback4,8304,200Up 15.0
Other receipts710670Up 6.0
Other payments-220
Payments to acquire Investments
Tax free bonds and government bonds-270
Liquid mutual fund units-706,310-540,640Deterioration 30.6
Target maturity fund-4,000
Certificates of deposit-103,480-41,840Deterioration 147.3
Commercial Paper-30,030
Non convertible debentures-2,490-16,090Improved 84.5
Government securities-15,690-42,540Improved 63.1
Others-200-240Improved 16.7
Proceeds on sale of Investments
Tax free bonds and government bonds2,210200Up 1,005.0
Liquid mutual fund units718,510536,690Up 33.9
Certificates of deposit104,0407,870Up 1,222.0
Commercial Paper22,980
Non-convertible debentures4,70022,010Down 78.6
Government securities18,82014,570Up 29.2
Equity and preference securities990
Others90
Net cash (used in) from investing activities-12,090-64,160Improved 81.2
Cash flows from financing activities:
Payment of lease liabilities-12,310-9,150Deterioration 34.5
Payment of dividends-136,310-126,520Deterioration 7.7
Payment of dividend to non-controlling interest of subsidiary-220-790Improved 72.2
Shares issued on exercise of employee stock options350210Up 66.7
Payment towards purchase of non-controlling interest-20
Other receipts1,3202,360Down 44.1
Other payments-4,790-1,260Deterioration 280.2
Buyback of equity shares including transaction cost and tax on buyback-114,990-111,250Deterioration 3.4
Net cash used in financing activities-266,950-246,420Deterioration 8.3
Net increase / (decrease) in cash and cash equivalents-54,370-71,730Improved 24.2
Effect of exchange rate changes on cash and cash equivalents1,380-690Recovery
Cash and cash equivalents at the beginning of the period174,720247,140Down 29.3
Cash and cash equivalents at the end of the period121,730174,720Down 30.3

Download INFOSYS Financials Past 10 Years


Description (March 31)20232022202120202019
Income Statement
Sales (B)1,494.71,239.41,026.7935.9826.8
Other Revenue (B)2722.92228
EBITDA (B)375.5335.9298.9249
Depreciation (B)42.234.832.728.9
Tax (B)92.179.67253.756.3
Net profit (B)240.9221.1193.5165.9154
EPS 57.6352.5245.6138.9735.44
Balance Sheet
Equity Share Capital (B)754.1753.5763.5654.5649.5
Total Debt (B)198167.1167.2111
Total Assets (B)1,258.21,178.81,083.9927.7847.4
Current Asset (B)708.8671.9607.3545.8528.8
Fixed Asset (B)133.5130.8125.6124.3133.6
Working Capital (B)316.9335.8368.7337.2342.4
Cash Flow
Operating Cash Flow (B)224.7238.823.2170158.4
Investing Cash Flow (B)(12.1)(64.2)(74.6)(2.4)(15.8)
Financing Cash Flow (B)(266.9)(246.4)(97.9)(175.9)(145.1)
Net Cash Flow (B)(54.4)(71.7)(149.2)(8.3)(2.5)

Description (March 31)20182017201620152014
Income Statement
Revenue per share 163.52313286.84248.28231
EBITDA (B)221.3216.5202183.5160.4
Depreciation (B)18.61714.610.713.2
Tax (B)42.45652.549.143.1
Net profit (B)160.3143.5134.9123.7106.6
EPS 35.5331.3929.5127.0723.31
Balance Sheet
Equity Share Capital (B)649.2689.8617.4507.4445.3
Total Assets (B)798.9833.5753.5662.9569.7
Current Asset (B)500.2537517.5472.4430.8
Fixed Asset (B)101.297.586.491.278.9
Working Capital (B)359.1396.9385.1317.4310.5
Cash Flow
Operating Cash Flow (B)132.2115.3100.383.598.2
Investing Cash Flow (B)44.5(145.4)(9)10.9(25.8)
Financing Cash Flow (B)(205.1)(69.4)(68.1)(49.4)(31.4)
Net Cash Flow (B)(28.4)(99.5)23.145.141