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

Top Management and Board of Directors

Top Management
Top Management [One top executive with tenure > 8 yrs]

NameDesignationSince Appointment
Nandan NilekaniChairman8 Yrs, 3 Mos

Top Management [Seven top executives with tenure < 2 yrs]

NameDesignationSince Appointment
Jayesh SanghrajkaChief Financial Officer1 Yr, 8 Mos
Salil S. ParekhChief Executive Officer, Managing Director, Executive Director-
Satish H. C.Executive Vice President, Chief Delivery Officer-
Dinesh RaoExecutive Vice President, Chief Delivery Officer-
Sumit VirmaniExecutive Vice President, Chief Marketing Officer-
Inderpreet SawhneyChief Legal Officer, Chief Compliance Officer-
Shaji MathewChief Human Resources Officer-


Board Of Directors
Board Of Directors [Seven directors with tenure < 5 yrs]

NameSince Appointment
Nitin Paranjpe1 Yr, 11 Mos
Chitra Nayak4 Yrs, 8 Mos
Govind Iyer2 Yrs, 11 Mos
Michael Nelson Gibbs-
D Sundaram-
Bobby Parikh-
Helene Auriol Potier-



Top shareholders
Top 17 shareholders

Name of the Share HolderNumber Of Shares% of Capital
LIFE INSURANCE CORPORATION OF INDIA - ULIF002200913973140469.6
DEUTSCHE BANK TRUST COMPANY AMERICAS3955476729.5
SBI MUTUAL FUND1763767064.2
ICICI PRUDENTIAL MUTUAL FUND1069096542.6
SUDHA GOPALAKRISHNAN953570002.3
National Pension System Trust701567631.7
UTI MUTUAL FUND693998641.7
HDFC MUTUAL FUND684004931.6
GOVERNMENT OF SINGAPORE644329191.6
ROHAN MURTY608128921.5
NIPPON LIFE INDIA TRUSTEE555715001.3
SBI LIFE INSURANCE CO. LTD498598461.2
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND492237661.2
GOVERNMENT PENSION FUND GLOBAL466011041.1
VANGUARD EMERGING MARKETS STOCK INDEX FUND448575691.1
ADITYA BIRLA SUN LIFE TRUSTEE426581341.0
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED417546351.0
% held by Top 17 shareholders 44.2%


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 23.0% of the combined MCap of the BSE Information Technology Index.

Index NameMCap of Index ($ b)INFY MCap as % of Index
BSE Information Technology Index309 23.0
BSE Teck Index511 13.9
BSE SENSEX Index1,845 3.9
Nifty Index2,258 3.2
BSE 100 Index2,881 2.5
BSE 200 Index3,709 1.9
BSE 500 Index7,807 0.9

BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:
Infosys vs Indian Market

Out of 4,060 stocks in the Indian Market, Infosys is ranked eighteenth(18) by Net Profit $, Thirty-fourth(34) by P/Sales, Thirty-fifth(35) by P/Earnings and Fifty-eighth(58) by Price/Net Tangible Assets.

Indian AvgINFYINFY Rank
Net Profit $220.6 M2.9 B18
P/Sales3.6x3.9x34
P/Earnings38.8x24.7x35
Price/Net Tangible Assets5.3x8.4x58
Yield (%)0.72.8114
ROA (%)1.817.96221
ROE (%)12.327.8225
P/Earnings/ Growth6x14.1x520
EBITDA Margin%16.225.5704
EPS Growth YOY (%)6.51.81590
Total Debt/Equity (the lower the better)0.8x0.3x1806
Premium to 52-Wk Low (%)103.225.42183
Discount to 52-Wk High (%)8.917.43414
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 B74.4 B4.013.8 B21.3
Revenue $18.4 B617.7 B3.091.1 B20.2
Total Assets $16.4 B2,623 B0.678.1 B21.0
MCap $71.2 B1,845.4 B3.9368.8 B19.3

Relative Valuation Indicators: Stock vs Index and Stock vs Sector

DescriptionINFYBSE SENSEX Index Avg.IT consulting & software sector Avg.
Price/Earnings24.724.926.2
P/Earnings/Growth14.091.523.29
Yield (%)2.831.273.19
Price/Net Tangible Assets8.384.1710.28
Total Debt/Equity (the lower the better)0.27x0.7x0.17x

MARKET SHARE
Infosys vs It Consulting & Software sector [It Consulting & Software sector Total in Brackets]
Revenue of Rs1,665.9 billion ($18.4 billion)[20.2% of aggregate sector revenue of Rs8,262.7 billion; down from 20.3% in the previous year.]
Net Profit of Rs267.1 billion ($2.9 billion) [21.3% of aggregate sector net profit of Rs1,255.2 billion; down from 22.6% in the previous year.]

GLOBAL RANK [out of 46,398 stocks] AND RANK OF INFOSYS IN THE ASIA REGION [out of 26,224 stocks]

DescriptionValueGlobal RankIn Asia Region
MCap ($)71.2B32670
Total Assets ($)16.4B2,284891
Revenue ($)18.4B894320
Net Profit ($)2.9B523164
Return on Equity %27.82,051915
Net Profit Margin %16.17,5964,180
Price to Book9.731,77921,032
Price/Earnings27.016,44810,638
Yield %2.99,6245,229
PV1000 (1Year) $*79732,38218,974
$* Change (1Year) %4.317,42110,343

* 1 year ago $1 = INR 84.91
Dec 16, 2025: $ 1 equals INR 90.71

RANK OF INFOSYS IN THE BSE SENSEX INDEX [out of 30 stocks], IN THE INDIAN MARKET [out of 4311 stocks] AND IN THE IT CONSULTING & SOFTWARE SECTOR [out of 80 stocks]

DescriptionValueIn BSE SENSEX IndexIn Indian MarketIn IT consulting & software sector
Total Assets (Rs)1,489B17652
Return on Equity %27.842077
Net Profit Margin %16.11373913
Price to Book8.4213,00643
Price/Earnings24.7111,08112
Yield %2.861198
PV1000 (1Year) INR8522697818

LONG-TERM FUNDAMENTAL RANKING: 4 OUT OF 5 [5 is best]
Infosys is ranked number 2 out of 105 listed it consulting & software companies in the India with a market capitalization of Rs6,454.5 billion ($71.2 billion).
In the it consulting & software companies it has the 2nd highest total assets and 2nd highest revenues.
Within its sector it has a relatively low P/E of 24.7.

It has a strong relative ROE of 27.8% and ROA of 18%. The company paid a dividend of Rs22.0 in the last twelve months. The dividend yield is high at 2.8%. Finally, its earnings growth in the past 12 months has been a comparatively high 1.8%.
Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.


Currency Synopsis: Indian Rupees (INR)
% Change of INR vs Currency Basket Period-Based
In the past year the Indian Rupee fell 6.3% against the US Dollars; in the past three years the Indian Rupee fell 8.8% against the US Dollars.

LastCountry1-day %1-week %1-Year %3-Yrs %
INR1=0.011USDUnited States Of America-0.2-0.5-6.3-8.8
INR1=0.078CNYChina-0.5-1.0-9.5-8.1
INR1=1.708JPYJapan-0.9-1.0-5.63.2
INR1=0.009EUREuropean Union-0.4-1.5-16.5-18.2
INR1=16.136KRWSouth Korea-1.2-0.9-4.62.0
INR1=0.014SGDSingapore-0.5-1.3-10.6-13.3
INR1=0.019NZDNew Zealand0.2-0.7-6.90.9
INR1=0.008GBPUnited Kingdom-0.4-1.2-11.7-16.6
INR1=0.017AUDAustralia--0.9-10.5-7.0
INR1=0.086HKDHong Kong-0.4-0.7-6.4-8.9
INR1=0.009CHFSwitzerland-0.2-1.7-16.8-22.4
INR1=0.015CADCanada-0.3-1.1-9.5-8.3
INR1=0.102SEKSweden-0.2-1.9-21.0-18.1
INR1=0.112NOKNorway--0.6-14.9-7.9
INR1=0.198MXNMexico-0.6-1.9-17.0-17.2

1 Tax & Dividend; 2 Financials as Reported Q2 2024-25, 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 27.1% to 28.9%, Income Tax as % of sales decreased from 7.0% to 6.5% and Income Tax as % of operating cash flow increased from 24.1% to 25.6%.

Description20252024202320222021
As % of profit before tax28.927.127.726.427.1
As % of operating cash flow25.62424.523.724.1
As % of sales6.56.16.26.47

The 5-year average of profit before tax was 27.4%.

Dividend History
In the past 5 years annual dividends have increased by INR15.0 from INR30.0 to INR45.0. Based on a start date of 5 years ago, there has been one decline in dividends over the last 5 years.

DateValue (INR)Type
27 Oct 202523Interim
30 May 202522Final
Tr 12 Months45
2023 - 202449
2022 - 202335.5
2021 - 202232.5
2020 - 202130


Financials as Reported Q2 2024-25, Past 10 Years
Financials as reported (Quarter ending 30 September 2025)

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

INCOME STATEMENT AS REPORTED (Quarter ending 30 September 2025)

DescriptionINR MillionINR Million
Sep 3020252024Change %
Revenue from operations444,900409,860Up 8.5
Other income net9,8207,120Up 37.9
Total Income454,720416,980Up 9.1
Expenses
Employee benefit expenses234,380215,640Up 8.7
Cost of technical sub-contractors38,79031,900Up 21.6
Travel expenses5,3904,580Up 17.7
Cost of software packages and others40,25039,490Up 1.9
Communication expenses1,6001,690Down 5.3
Consultancy and professional charges4,8004,510Up 6.4
Depreciation and amortisation expenses11,82011,600Up 1.9
Finance cost1,0601,080Down 1.9
Other expenses14,34013,960Up 2.7
Total expenses352,430324,450Up 8.6
Profit before tax102,29092,530Up 10.5
Tax expense:
Current tax31,78031,460Up 1.0
Deferred tax-3,240-4,090Improved 20.8
Profit for the period73,75065,160Up 13.2
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss
Remeasurement of the net defined benefit liability/asset net-380780Deterioration
Equity instruments through other comprehensive income net-80-90Improved 11.1
Items that will be reclassified subsequently to profit or loss
Fair value changes on derivatives designated as cash flow hedges net-210
Exchange differences on translation of foreign operations8,6205,600Up 53.9
Fair value changes on investments net-340860Deterioration
Total other comprehensive income/(loss) net of tax7,8206,940Up 12.7
Total comprehensive income for the period81,57072,100Up 13.1
Profit attributable to:
Owners of the company73,64065,060Up 13.2
Non-controlling interests110100Up 10.0
73,75065,160Up 13.2
Total comprehensive income attributable to:
Owners of the company81,40071,900Up 13.2
Non-controlling interests170200Down 15.0
81,57072,100Up 13.1
Paid up share capital20,74020,720Up 0.1
Other equity937,450860,450Up 8.9
Earnings per equity share
BasicRs17.76Rs15.71Up 13.0
DilutedRs17.74Rs15.68Up 13.1

BALANCE SHEET AS REPORTED (Quarter ending 30 September 2025)

DescriptionINR MillionINR Million
Sep 30, 2025Mar 31, 2025Change %
ASSETS
Non-current assets
Property plant and equipment115,960117,780Down 1.5
Right of use assets63,90063,110Up 1.3
Capital work-in-progress11,2408,140Up 38.1
Goodwill115,020101,060Up 13.8
Other Intangible assets31,68027,660Up 14.5
Financial assets
Investments108,790110,590Down 1.6
Loans90160Down 43.8
Other financial assets37,69035,110Up 7.3
Deferred tax assets (net)15,26011,080Up 37.7
Income tax assets (net)20,06016,220Up 23.7
Other non-current assets26,44027,130Down 2.5
Total non-current assets546,130518,040Up 5.4
Current assets
Financial assets
Investments126,060124,820Up 1.0
Trade receivables339,680311,580Up 9.0
Cash and cash equivalents318,320244,550Up 30.2
Loans2,4302,490Down 2.4
Other financial assets149,270138,400Up 7.9
Income tax assets (net)26029,750Down 99.1
Other current assets121,650119,400Up 1.9
Total current assets1,057,670970,990Up 8.9
Total Assets1,603,8001,489,030Up 7.7
EQUITY AND LIABILITIES
Equity
Equity share capital20,74020,730Up
Other equity1,012,560937,450Up 8.0
Total equity attributable to equity holders of the Company1,033,300958,180Up 7.8
Non-controlling interests4,1403,850Up 7.5
Total equity1,037,440962,030Up 7.8
Liabilities
Non-current liabilities
Financial liabilities
Lease liabilities59,83057,720Up 3.7
Other financial liabilities23,20021,410Up 8.4
Deferred tax liabilities (net)16,88017,220Down 2.0
Other non-current liabilities2,4702,150Up 14.9
Total non-current liabilities102,38098,500Up 3.9
Current liabilities
Financial liabilities
Lease liabilities27,72024,550Up 12.9
Trade payables38,39041,640Down 7.8
Other financial liabilities200,740181,380Up 10.7
Other Current Liabilities124,880117,650Up 6.1
Provisions16,32014,750Up 10.6
Income tax liabilities (net)55,93048,530Up 15.2
Total current liabilities463,980428,500Up 8.3
Total equity and liabilities160,3801,489,030Down 89.2

CASH FLOW AS REPORTED (Quarter ending 30 September 2025)

DescriptionINR MillionINR Million
Sep 3020252024Change %
Cash flow from operating activities
Profit for the period143,000128,900Up 10.9
Adjustments to reconcile net profit to net cash provided by operating activities:
Income tax expense56,70053,840Up 5.3
Depreciation and amortization23,23023,100Up 0.6
Interest and dividend income-15,540-12,570Deterioration 23.6
Finance cost2,1102,140Down 1.4
Impairment loss recognized / (reversed) under expected credit loss model340950Down 64.2
Exchange differences on translation of assets and liabilities net5,730-2,980Recovery
Stock compensation expense4,7104,200Up 12.1
Provision for post sale client support-970260Deterioration
Other adjustments6,5808,760Down 24.9
Changes in assets and liabilities
Trade receivables and unbilled revenue-43,950-27,350Deterioration 60.7
Loans other financial assets and other assets-1,750-2,330Improved 24.9
Trade payables-4,510-1,470Deterioration 206.8
Other financial liabilities other liabilities and provisions29,39010,780Up 172.6
Cash generated from operations205,070186,230Up 10.1
Income taxes (paid) / received-29,960-21,650Deterioration 38.4
Net cash generated by operating activities175,110164,580Up 6.4
Cash flows from investing activities
Expenditure on property plant and equipment and intangibles-13,520-9,680Deterioration 39.7
Deposits placed with corporation-6,830-5,790Deterioration 18.0
Redemption of deposits placed with corporation3,9203,570Up 9.8
Interest and dividend received16,13012,170Up 32.5
Payment towards acquisition of business net of cash acquired-6,370-31,550Improved 79.8
Payment of contingent consideration pertaining to acquisition of business-130
Other receipts14050Up 180.0
Payments to acquire Investments
Tax free bonds and government bonds-210-20Deterioration 950.0
Liquid mutual fund units-360,910-335,170Deterioration 7.7
Certificates of deposit-71,490-18,850Deterioration 279.3
Commercial Papers-26,860-22,270Deterioration 20.6
Non-convertible debentures-26,390-10,510Deterioration 151.1
Government securities-5,310
Other Investments-220-170Deterioration 29.4
Proceeds on sale of Investments
Tax free bonds and government bonds12,840
Liquid mutual fund units329,670340,120Down 3.1
Certificates of deposit58,57039,700Up 47.5
Commercial Papers46,75071,350Down 34.5
Non-convertible debentures16,25010,300Up 57.8
Government securities32,6502,000Up 1,532.5
Net cash generated / (used in) from investing activities-1,32045,250Deterioration
Cash flows from financing activities:
Payment of lease liabilities-13,820-11,900Deterioration 16.1
Payment of dividends-91,220-115,920Improved 21.3
Loan repayment of in-tech Holding GmbH-9,850
Payment of dividend to non-controlling interest of subsidiary-30-20Deterioration 50.0
Shares issued on exercise of employee stock options1030Down 66.7
Other payments-1,810-2,650Improved 31.7
Net cash used in financing activities-106,870-140,310Improved 23.8
Net increase / (decrease) in cash and cash equivalents66,92069,520Down 3.7
Effect of exchange rate changes on cash and cash equivalents6,850610Up 1,023.0
Cash and cash equivalents at the beginning of the period244,550147,860Up 65.4
Cash and cash equivalents at the end of the period318,320217,990Up 46.0
Supplementary information:
Restricted cash balance4,1004,070Up 0.7

Download INFOSYS Financials Past 10 Years


Description (March 31)20252024202320222021
Income Statement
Sales (B)1,665.91,583.81,494.71,239.41,026.7
Other Revenue (B)3647.12722.922
EBITDA (B)424.2406.7375.5335.9298.9
Depreciation (B)48.146.842.234.832.7
Tax (B)108.697.492.179.672
Net profit (B)267.1262.3240.9221.1193.5
EPS 64.563.3957.6352.5245.61
Balance Sheet
Equity Share Capital (B)958.2881.2754.1753.5763.5
Total Debt (B)263.6253.2268.6167.1167.2
Total Assets (B)1,4891,378.11,258.21,178.81,083.9
Current Asset (B)971894.3708.8671.9607.3
Fixed Asset (B)117.8123.7133.5130.8125.6
Working Capital (B)542.5506.4316.9335.8368.7
Cash Flow
Operating Cash Flow (B)356.9252.1224.7238.823.2
Investing Cash Flow (B)(19.5)(50.1)(12.1)(64.2)(74.6)
Financing Cash Flow (B)(241.6)(175)(266.9)(246.4)(97.9)
Net Cash Flow (B)95.927(54.4)(71.7)(149.2)

Description (March 31)20202019201820172016
Income Statement
Revenue per share 189.91163.52313286.84
EBITDA (B)249221.3216.5202
Depreciation (B)28.918.61714.6
Tax (B)53.756.342.45652.5
Net profit (B)165.9154160.3143.5134.9
EPS 38.9735.4435.5331.3929.51
Balance Sheet
Equity Share Capital (B)654.5649.5649.2689.8617.4
Total Assets (B)927.7847.4798.9833.5753.5
Current Asset (B)545.8528.8500.2537517.5
Fixed Asset (B)124.3133.6101.297.586.4
Working Capital (B)337.2342.4359.1396.9385.1
Cash Flow
Operating Cash Flow (B)170158.4132.2115.3100.3
Investing Cash Flow (B)(2.4)(15.8)44.5(145.4)(9)
Financing Cash Flow (B)(175.9)(145.1)(205.1)(69.4)(68.1)
Net Cash Flow (B)(8.3)(2.5)(28.4)(99.5)23.1