1 Peer Comparison & Ranking of INFY; 2 Patents; 3 Currency Synopsis: Indian Rupees (INR) Peer Comparison & Ranking of INFY PEER COMPARISON: INFY IN INDICES Infosys is a constituent of the following indices. Its market capitalisation is $71 billion and accounts for 23.6% of the combined MCap of the BSE Information Technology Index. Index Name MCap of Index ($ b) INFY MCap as % of Index BSE Information Technology Index 299 23.6 BSE Teck Index 498 14.2 BSE SENSEX Index 1,873 3.8 Nifty Index 2,290 3.1 BSE 100 Index 2,940 2.4 BSE 200 Index 3,805 1.9 BSE 500 Index 8,371 0.8 BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING: Infosys vs Indian Market Out of 3,941 stocks in the Indian Market, Infosys is ranked eighteenth(18) by Net Profit $, Fifty-eighth(58) by P/Sales, Fifty-eighth(58) by Price/Net Tangible Assets and Sixty-second(62) by P/Earnings. Indian Avg INFY INFY Rank Net Profit $ 268.5 M 3 B 18 P/Sales 3.4x 7.4x 58 Price/Net Tangible Assets 5.5x 8.1x 58 P/Earnings 33.97x 45.7x 62 Yield (%) 0.6 2.98 89 ROA (%) 2.1 17.96 221 ROE (%) 14.98 27.8 225 P/Earnings/ Growth 1.2x 26.1x 532 EBITDA Margin% 14.5 25.5 704 Premium to 52-Wk Low (%) 112.5 18.97 1489 EPS Growth YOY (%) - 1.8 1590 Total Debt/Equity (the lower the better) 0.8x 0.3x 1806 Discount to 52-Wk High (%) 4.7 22.5 2820 Negative values are shown in brackets. Stock in Index and Stock in Sector Description INFY BSE SENSEX Index % of BSE SENSEX Index IT consulting & software sector % of IT consulting & software sector Net Profit $ 3 B 76.4 B 3.9 14.2 B 21.3 Revenue $ 18.8 B 638.5 B 2.9 93.2 B 20.2 Total Assets $ 16.8 B 2,746.7 B 0.6 79.9 B 21.0 MCap $ 70.7 B 1,873.3 B 3.8 358.1 B 19.8 Relative Valuation Indicators: Stock vs Index and Stock vs Sector Description INFY BSE SENSEX Index Avg. IT consulting & software sector Avg. Price/Earnings 45.7 25.4 29.0 P/Earnings/Growth 26.07 2.01 -3.86 Yield (%) 2.98 1.31 3.36 Price/Net Tangible Assets 8.14 4.07 9.73 Total Debt/Equity (the lower the better) 0.27x 0.75x 0.22x MARKET SHARE Infosys vs It Consulting & Software sector [It Consulting & Software sector Total in Brackets] Revenue of Rs1,665.9 billion ($18.8 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 ($3 billion) [21.3% of aggregate sector net profit of Rs1,255.2 billion; down from 22.6% in the previous year.] GLOBAL RANK [out of 46,402 stocks] AND RANK OF INFOSYS IN THE ASIA REGION [out of 26,201 stocks] Description Value Global Rank In Asia Region MCap ($) 70.7B 329 74 Total Assets ($) 16.8B 2,247 883 Revenue ($) 18.8B 868 313 Net Profit ($) 3B 514 160 Return on Equity % 27.8 2,059 919 Net Profit Margin % 16.1 7,598 4,183 Price to Book 9.7 31,896 21,063 Price/Earnings 27.0 16,512 10,657 Yield % 2.9 9,664 5,238 PV1000 (1Year) $* 832 31,305 18,433 $* Change (1Year) % 4.3 17,468 10,346 * 1 year ago $1 = INR 84.4 Nov 10, 2025: $ 1 equals INR 88.64 RANK OF INFOSYS IN THE BSE SENSEX INDEX [out of 31 stocks], IN THE INDIAN MARKET [out of 4288 stocks] AND IN THE IT CONSULTING & SOFTWARE SECTOR [out of 82 stocks] Description Value In BSE SENSEX Index In Indian Market In IT consulting & software sector Total Assets (Rs) 1,489B 18 65 2 Return on Equity % 27.8 4 206 7 Net Profit Margin % 16.1 13 740 14 Price to Book 8.1 22 2,977 42 Price/Earnings 45.7 21 1,662 26 Yield % 3.0 6 95 9 PV1000 (1Year) INR 875 25 1,097 16 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 Rs6,270.9 billion ($70.7 billion). In the it consulting & software companies it has the 2nd highest total assets and 2nd highest revenues. 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 3%. 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. Patents Number of Patents Issued to Infosys by the US Patent Office and the European Patent Office A total of 300 patents were issued to Infosys in the last eleven years. In the past year 59 patents were issued, 2.2 times average of 27 patents per year. 12 months ended Nov 10 No. of Patents Issued 2025 59 2024 30 2023 17 2022 12 2021 6 2020 15 2019 25 2018 29 2017 38 2016 55 2015 14 Total 300 Currency Synopsis: Indian Rupees (INR) % Change of INR vs Currency Basket Period-Based In the past year the Indian Rupee fell 4.9% against the US Dollars; in the past three years the Indian Rupee fell 7.0% against the US Dollars. Last Country 1-day % 1-week % 1-Year % 3-Yrs % INR1=0.011USD United States Of America - 0.1 -4.9 -7.0 INR1=0.08CNY China - 0.3 -5.3 -8.7 INR1=1.731JPY Japan -0.2 -0.3 -5.1 -3.4 INR1=0.01EUR European Union -0.3 0.4 -11.4 -21.2 INR1=16.453KRW South Korea 0.7 2.3 -0.5 -4.4 INR1=0.015SGD Singapore -0.2 0.3 -6.5 -14.4 INR1=0.02NZD New Zealand 0.7 2.0 1.5 -3.6 INR1=0.009GBP United Kingdom -0.2 0.5 -6.2 -20.3 INR1=0.017AUD Australia 0.4 1.0 -2.7 -8.8 INR1=0.088HKD Hong Kong - 0.2 -4.8 -7.8 INR1=0.009CHF Switzerland -0.1 0.9 -12.2 -25.5 INR1=0.016CAD Canada 0.1 0.9 -3.3 -3.8 INR1=0.108SEK Sweden 0.3 1.5 -15.7 -20.0 INR1=0.115NOK Norway 0.3 1.4 -11.3 -9.7 INR1=0.209MXN Mexico -0.3 0.1 -12.1 -12.0 1 Financials as Reported FY 2025, Past 10 Years Financials as Reported FY 2025, Past 10 Years Financials as reported (FY 2025 [year-ended 31 March 2025 ]) RESULTS OF OPERATIONS AND FINANCIAL CONDITION (In INR Million, except per share data and shares outstanding) INCOME STATEMENT AS REPORTED (FY 2025 [year-ended 31 March 2025 ]) Description INR Million INR Million Mar 31 2025 2024 Change % Revenue from operations 1,629,900 1,536,700 Up 6.1 Other income net (refer note 1(d)) 36,000 47,110 Down 23.6 Total Income 1,665,900 1,583,810 Up 5.2 Expenses Employee benefit expenses 859,500 826,200 Up 4.0 Cost of technical sub-contractors 129,370 122,320 Up 5.8 Travel expenses 18,940 17,590 Up 7.7 Cost of software packages and others 159,110 135,150 Up 17.7 Communication expenses 6,200 6,770 Down 8.4 Consultancy and professional charges 16,550 17,260 Down 4.1 Depreciation and amortization expenses 48,120 46,780 Up 2.9 Finance cost 4,160 4,700 Down 11.5 Other expenses 47,870 47,160 Up 1.5 Total expenses 1,289,820 1,223,930 Up 5.4 Profit before tax 376,080 359,880 Up 4.5 Tax expense: (refer note 1(c)) Current tax 121,300 83,900 Up 44.6 Deferred tax -12,720 13,500 Deterioration Profit for the period 267,500 262,480 Up 1.9 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset net -920 1,200 Deterioration Equity instruments through other comprehensive income net 190 190 Steady Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedges net -240 110 Deterioration Exchange differences on translation of foreign operations 3,570 2,260 Up 58.0 Fair value changes on investments net 1,990 1,440 Up 38.2 Total other comprehensive income/(loss) net of tax 4,590 5,200 Down 11.7 Total comprehensive income for the period 272,090 267,680 Up 1.6 Profit attributable to: Owners of the company 267,130 262,330 Up 1.8 Non-controlling interests 370 150 Up 146.7 267,500 262,480 Up 1.9 Total comprehensive income attributable to: Owners of the company 271,670 267,540 Up 1.5 Non-controlling interests 420 140 Up 200.0 272,090 267,680 Up 1.6 Paid up share capital 20,730 20,710 Up 0.1 Other equity 937,450 860,450 Up 8.9 Earnings per equity share Basic Rs64.50 Rs63.39 Up 1.8 Diluted Rs64.34 Rs63.29 Up 1.7 BALANCE SHEET AS REPORTED (FY 2025 [year-ended 31 March 2025 ]) Description INR Million INR Million Mar 31 2025 2024 Change % ASSETS Non-current assets Property plant and equipment 117,780 123,700 Down 4.8 Right of use assets 63,110 65,520 Down 3.7 Capital work-in-progress 8,140 2,930 Up 177.8 Goodwill 101,060 73,030 Up 38.4 Other Intangible assets 27,660 13,970 Up 98.0 Financial assets Investments 110,590 117,080 Down 5.5 Loans 160 340 Down 52.9 Other financial assets 35,110 31,050 Up 13.1 Deferred tax assets (net) 11,080 4,540 Up 144.1 Income tax assets (net) 16,220 30,450 Down 46.7 Other non-current assets 27,130 21,210 Up 27.9 Total non-current assets 518,040 483,820 Up 7.1 Current assets Financial assets Investments 124,820 129,150 Down 3.4 Trade receivables 311,580 301,930 Up 3.2 Cash and cash equivalents 244,550 147,860 Up 65.4 Loans 2,490 2,480 Up 0.4 Other financial assets 138,400 120,850 Up 14.5 Income tax assets (net) 29,750 63,970 Down 53.5 Other current assets 119,400 128,080 Down 6.8 Total current assets 970,990 894,320 Up 8.6 Total Assets 1,489,030 1,378,140 Up 8.0 EQUITY AND LIABILITIES Equity Equity share capital 20,730 20,710 Up 0.1 Other equity 937,450 860,450 Up 8.9 Total equity attributable to equity holders of the Company 958,180 881,160 Up 8.7 Non-controlling interests 3,850 3,450 Up 11.6 Total equity 962,030 884,610 Up 8.8 Liabilities Non-current liabilities Financial liabilities Lease liabilities 57,720 64,000 Down 9.8 Other financial liabilities 21,410 21,300 Up 0.5 Deferred tax liabilities (net) 17,220 17,940 Down 4.0 Other non-current liabilities 2,150 2,350 Down 8.5 Total non-current liabilities 98,500 105,590 Down 6.7 Current liabilities Financial liabilities Lease liabilities 24,550 19,590 Up 25.3 Trade payables 41,640 39,560 Up 5.3 Other financial liabilities 181,380 169,590 Up 7.0 Other current liabilities 117,650 105,390 Up 11.6 Provisions 14,750 17,960 Down 17.9 Income tax liabilities (net) 48,530 35,850 Up 35.4 Total current liabilities 428,500 387,940 Up 10.5 Total equity and liabilities 1,489,030 1,378,140 Up 8.0 CASH FLOW AS REPORTED (FY 2025 [year-ended 31 March 2025 ]) Description INR Million INR Million Mar 31 2025 2024 Change % Cash flow from operating activities Profit for the year 267,500 262,480 Up 1.9 Adjustments to reconcile net profit to net cash provided by operating activities: Income tax expense 108,580 97,400 Up 11.5 Depreciation and amortization 48,120 46,780 Up 2.9 Interest and dividend income -25,700 -20,670 Deterioration 24.3 Finance cost 4,160 4,700 Down 11.5 Impairment loss recognized / (reversed) under expected credit loss model 480 1,210 Down 60.3 Exchange differences on translation of assets and liabilities net 790 760 Up 3.9 Stock compensation expense 8,020 6,520 Up 23.0 Interest receivable on income tax refund -3,270 -19,340 Improved 83.1 Provision for post sale client support -1,100 750 Deterioration Other adjustments 8,330 14,640 Down 43.1 Changes in assets and liabilities Trade receivables and unbilled revenue -17,690 -26,670 Improved 33.7 Loans other financial assets and other assets -10,240 -11,720 Improved 12.6 Trade payables 1,760 910 Up 93.4 Other financial liabilities other liabilities and provisions 23,220 -13,340 Recovery Cash generated from operations 412,960 344,410 Up 19.9 Income taxes paid -56,020 -92,310 Improved 39.3 Net cash generated by operating activities 356,940 252,100 Up 41.6 Cash flows from investing activities Expenditure on property plant and equipment and intangibles -22,370 -22,010 Deterioration 1.6 Deposits placed with corporation -12,250 -8,470 Deterioration 44.6 Redemption of deposits placed with Corporation 7,760 7,100 Up 9.3 Interest and dividend received 20,400 17,680 Up 15.4 Payment towards acquisition of business net of cash acquired -31,550 Payment of contingent consideration pertaining to acquisition of business -1,010 Other receipts 100 1,280 Down 92.2 Payments to acquire investments Tax free bonds and government bonds -20 Liquid mutual fund units -730,480 -661.9 Deterioration 110,261.1 Certificates of deposit -69,780 -85,090 Improved 18.0 Commercial paper -64,030 -103,870 Improved 38.4 Non convertible debentures -32,400 -15,260 Deterioration 112.3 Other investments -600 -140 Deterioration 328.6 Proceeds on sale of investments Tax free bonds and government bonds 1,090 1,500 Down 27.3 Liquid mutual fund units 739,870 647,670 Up 14.2 Certificates of deposit 66,880 92,050 Down 27.3 Commercial paper 77,350 64,790 Up 19.4 Non-convertible debentures 25,910 12,300 Up 110.7 Government securities 4,550 3,040 Up 49.7 Equity and preference securities 260 Other investments 110 Net cash used in investing activities -19,460 -50,090 Improved 61.1 Cash flows from financing activities: Payment of lease liabilities -23,550 -20,240 Deterioration 16.4 Payment of dividends -202,870 -146,920 Deterioration 38.1 Loan repayment of in-tech Holding GmbH -9,850 Payment of dividend to non-controlling interest of subsidiary -20 -390 Improved 94.9 Payment towards buyback of shares pertaining to non controlling interest of subsidiary -180 Shares issued on exercise of employee stock options 60 50 Up 20.0 Other payments -5,380 Net cash used in financing activities -241,610 -175,040 Deterioration 38.0 Net increase / (decrease) in cash and cash equivalents 95,870 26,970 Up 255.5 Effect of exchange rate changes on cash and cash equivalents 820 -840 Recovery Cash and cash equivalents at the beginning of the period 147,860 121,730 Up 21.5 Cash and cash equivalents at the end of the period 244,550 147,860 Up 65.4 Download INFOSYS Financials Past 10 Years Description (March 31) 2025 2024 2023 2022 2021 Income Statement Sales (B) 1,665.9 1,583.8 1,494.7 1,239.4 1,026.7 Other Revenue (B) 36 47.1 27 22.9 22 EBITDA (B) 424.2 406.7 375.5 335.9 298.9 Depreciation (B) 48.1 46.8 42.2 34.8 32.7 Tax (B) 108.6 97.4 92.1 79.6 72 Net profit (B) 267.1 262.3 240.9 221.1 193.5 EPS 64.5 63.39 57.63 52.52 45.61 Balance Sheet Equity Share Capital (B) 958.2 881.2 754.1 753.5 763.5 Total Debt (B) 263.6 253.2 268.6 167.1 167.2 Total Assets (B) 1,489 1,378.1 1,258.2 1,178.8 1,083.9 Current Asset (B) 971 894.3 708.8 671.9 607.3 Fixed Asset (B) 117.8 123.7 133.5 130.8 125.6 Working Capital (B) 542.5 506.4 316.9 335.8 368.7 Cash Flow Operating Cash Flow (B) 356.9 252.1 224.7 238.8 23.2 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) 95.9 27 (54.4) (71.7) (149.2) Description (March 31) 2020 2019 2018 2017 2016 Income Statement Revenue per share 189.91 163.52 313 286.84 EBITDA (B) 249 221.3 216.5 202 Depreciation (B) 28.9 18.6 17 14.6 Tax (B) 53.7 56.3 42.4 56 52.5 Net profit (B) 165.9 154 160.3 143.5 134.9 EPS 38.97 35.44 35.53 31.39 29.51 Balance Sheet Equity Share Capital (B) 654.5 649.5 649.2 689.8 617.4 Total Assets (B) 927.7 847.4 798.9 833.5 753.5 Current Asset (B) 545.8 528.8 500.2 537 517.5 Fixed Asset (B) 124.3 133.6 101.2 97.5 86.4 Working Capital (B) 337.2 342.4 359.1 396.9 385.1 Cash Flow Operating Cash Flow (B) 170 158.4 132.2 115.3 100.3 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