Infosys Ltd (INFY) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: 86/100 (Exceptional)

Business Quality 99/100

ROE (Return on Equity): 31.9%

ROCE (Return on Capital): 40.0%

Explain Methodology →

Financial Health 98/100

Debt to Equity: 0.10x

Solvency Runway: High (Interest Coverage > 8x)

Explain Methodology →

Growth Trajectory 28/100

Annual Revenue Growth: 4.7% YoY

Net Profit Growth: 8.9% YoY

Explain Methodology →

Profitability & Margins 99/100

Operating Margin (OPM): 24.0%

Net Profit Margin: 16.8%

Explain Methodology →

Cash Flow Quality 95/100

Free Cash Flow (FCF): Cash Accretive

CFO to EBITDA Conversion: > 75% Conversion Rate

Explain Methodology →

Valuation Attractiveness 90/100

Stock P/E Multiple: 13.5x

Price to Book (P/B): 4.6x

Explain Methodology →

Price & Trend Momentum 67/100

14-Day RSI: 52.3 (Neutral/Bullish)

DMA Alignment: Trading Above 50 & 200 DMA

Explain Methodology →

Governance & Risk 85/100

Promoter Pledge: 0.0% (Clean)

Statutory Auditor Opinion: Unqualified / Clean Pass

Explain Methodology →

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.08%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 27.1%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 31.9%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹1,114.58

200-Day DMA ● Overlay

₹1,033.73

14-Day RSI ● Overlay

52.3 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹4.20 Lakh Cr

Large cap

Stock P/E (TTM) Valuation

13.5x

Price / EPS

Book Value (₹) Assets

₹225.0

P/B: 4.6x

ROE (%) Quality

31.9%

Net Profit / Equity

ROCE (%) Efficiency

40.0%

EBIT / Capital

Dividend Yield Yield

4.64%

Face Value: ₹10

Debt / Equity Solvency

0.10x

Low Debt

EPS (TTM) Per Share

₹76.67

Trailing 12M

OPM (%) Spread

24.0%

EBITDA Margin

Free Cash Flow Cash

₹31,259 Cr

CFO - Capex

About Infosys Ltd

Website →

Infosys is a global leader in next-generation digital services and consulting, enabling clients in more than 56 countries to navigate their digital transformation.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 17.3% × Turnover: 0.85x × Leverage: 1.1x = ROE: 31.9%

✓ Company Strengths (Pros)

• Company has maintained a healthy low debt-to-equity ratio of 0.10.
• Company has a stellar track record of return on equity (ROE of 31.9%).

⚠ Key Considerations & Risks (Cons)

• Valuation is sensitive to broader macroeconomic and sectoral interest rate cycles.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹1.85 Lakh Cr

Latest PAT

₹30,325 Cr

EPS (TTM)

₹76.67

OPM %

24.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹37,933 Cr	₹38,994 Cr	₹38,821 Cr	₹37,923 Cr	₹39,315 Cr	₹40,986 Cr	₹41,764 Cr	₹40,925 Cr	₹42,279 Cr	₹44,490 Cr	₹45,479 Cr	₹46,402 Cr	₹48,211 Cr
Operating Profit (EBITDA)	₹9,064 Cr	₹9,440 Cr	₹9,137 Cr	₹8,784 Cr	₹9,437 Cr	₹9,809 Cr	₹10,115 Cr	₹9,874 Cr	₹9,943 Cr	₹10,535 Cr	₹10,634 Cr	₹11,167 Cr	₹11,409 Cr
OPM %	24.0%	24.0%	24.0%	23.0%	24.0%	24.0%	24.0%	24.0%	24.0%	24.0%	23.0%	24.0%	24.0%
Interest Expense	₹90.00 Cr	₹138.00 Cr	₹131.00 Cr	₹110.00 Cr	₹105.00 Cr	₹108.00 Cr	₹101.00 Cr	₹102.00 Cr	₹105.00 Cr	₹106.00 Cr	₹100.00 Cr	₹105.00 Cr	₹119.00 Cr
Depreciation	₹1,173 Cr	₹1,166 Cr	₹1,176 Cr	₹1,163 Cr	₹1,149 Cr	₹1,160 Cr	₹1,203 Cr	₹1,299 Cr	₹1,140 Cr	₹1,182 Cr	₹1,155 Cr	₹1,424 Cr	₹1,246 Cr
Profit before Tax (PBT)	₹8,362 Cr	₹8,768 Cr	₹8,619 Cr	₹10,240 Cr	₹9,021 Cr	₹9,253 Cr	₹9,670 Cr	₹9,663 Cr	₹9,740 Cr	₹10,229 Cr	₹9,229 Cr	₹10,797 Cr	₹11,028 Cr
Net Profit (PAT)	₹5,945 Cr	₹6,215 Cr	₹6,113 Cr	₹7,975 Cr	₹6,374 Cr	₹6,516 Cr	₹6,822 Cr	₹7,038 Cr	₹6,924 Cr	₹7,375 Cr	₹6,666 Cr	₹8,509 Cr	₹7,775 Cr
EPS in ₹	₹14.32	₹14.97	₹14.71	₹19.20	₹15.34	₹15.67	₹16.39	₹16.93	₹16.66	₹17.73	₹16.41	₹20.96	₹19.15

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹53,319 Cr	₹62,441 Cr	₹68,484 Cr	₹70,522 Cr	₹82,675 Cr	₹90,791 Cr	₹1.00 Lakh Cr	₹1.22 Lakh Cr	₹1.47 Lakh Cr	₹1.54 Lakh Cr	₹1.63 Lakh Cr	₹1.79 Lakh Cr	₹1.85 Lakh Cr
Expenses	₹38,436 Cr	₹45,362 Cr	₹49,880 Cr	₹51,700 Cr	₹62,505 Cr	₹68,524 Cr	₹72,583 Cr	₹90,150 Cr	₹1.12 Lakh Cr	₹1.17 Lakh Cr	₹1.24 Lakh Cr	₹1.36 Lakh Cr	₹1.41 Lakh Cr
Operating Profit	₹14,883 Cr	₹17,079 Cr	₹18,604 Cr	₹18,822 Cr	₹20,170 Cr	₹22,267 Cr	₹27,889 Cr	₹31,491 Cr	₹35,130 Cr	₹36,425 Cr	₹39,236 Cr	₹42,280 Cr	₹43,745 Cr
OPM %	28%	27%	27%	27%	24%	25%	28%	26%	24%	24%	24%	24%	24%
Interest	₹12.00 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹170.00 Cr	₹195.00 Cr	₹200.00 Cr	₹284.00 Cr	₹470.00 Cr	₹416.00 Cr	₹416.00 Cr	₹430.00 Cr
Depreciation	₹1,017 Cr	₹1,459 Cr	₹1,703 Cr	₹1,863 Cr	₹2,011 Cr	₹2,893 Cr	₹3,267 Cr	₹3,476 Cr	₹4,225 Cr	₹4,678 Cr	₹4,812 Cr	₹4,902 Cr	₹5,007 Cr
Profit before Tax	₹17,284 Cr	₹18,740 Cr	₹19,951 Cr	₹20,270 Cr	₹21,041 Cr	₹22,007 Cr	₹26,628 Cr	₹30,110 Cr	₹33,322 Cr	₹35,988 Cr	₹37,608 Cr	₹39,995 Cr	₹41,283 Cr
Net Profit	₹12,372 Cr	₹13,489 Cr	₹14,353 Cr	₹16,029 Cr	₹15,410 Cr	₹16,639 Cr	₹19,423 Cr	₹22,146 Cr	₹24,108 Cr	₹26,248 Cr	₹26,750 Cr	₹29,474 Cr	₹30,325 Cr
EPS in Rs	26.93	29.36	31.24	36.69	35.26	38.96	45.42	52.56	58.08	63.20	64.32	72.59	74.25

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹572.00 Cr	₹1,144 Cr	₹1,144 Cr	₹1,088 Cr	₹2,170 Cr	₹2,122 Cr	₹2,124 Cr	₹2,098 Cr	₹2,069 Cr	₹2,071 Cr	₹2,073 Cr	₹2,024 Cr
Reserves & Surplus	₹50,164 Cr	₹60,600 Cr	₹67,838 Cr	₹63,835 Cr	₹62,778 Cr	₹63,328 Cr	₹74,227 Cr	₹73,252 Cr	₹73,338 Cr	₹86,045 Cr	₹93,745 Cr	₹90,828 Cr
Borrowings (Debt)	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹4,633 Cr	₹5,325 Cr	₹5,474 Cr	₹8,299 Cr	₹8,359 Cr	₹8,227 Cr	₹9,176 Cr
Total Liabilities	₹66,289 Cr	₹75,098 Cr	₹83,148 Cr	₹79,349 Cr	₹84,066 Cr	₹91,800 Cr	₹1.08 Lakh Cr	₹1.17 Lakh Cr	₹1.25 Lakh Cr	₹1.36 Lakh Cr	₹1.48 Lakh Cr	₹1.54 Lakh Cr
Fixed Assets	₹11,346 Cr	₹13,386 Cr	₹14,179 Cr	₹12,574 Cr	₹15,710 Cr	₹23,789 Cr	₹25,505 Cr	₹25,800 Cr	₹29,225 Cr	₹27,622 Cr	₹30,961 Cr	₹33,770 Cr
Total Assets	₹66,289 Cr	₹75,098 Cr	₹83,148 Cr	₹79,349 Cr	₹84,066 Cr	₹91,800 Cr	₹1.08 Lakh Cr	₹1.17 Lakh Cr	₹1.25 Lakh Cr	₹1.36 Lakh Cr	₹1.48 Lakh Cr	₹1.54 Lakh Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹8,353 Cr	₹10,028 Cr	₹11,531 Cr	₹13,218 Cr	₹14,841 Cr	₹17,003 Cr	₹23,224 Cr	₹23,885 Cr	₹22,467 Cr	₹25,210 Cr	₹35,694 Cr	₹33,986 Cr
Cash from Investing (CFI)	₹999.00 Cr	-₹885.00 Cr	-₹14,664 Cr	₹4,533 Cr	-₹632.00 Cr	-₹331.00 Cr	-₹7,373 Cr	-₹6,485 Cr	-₹1,071 Cr	-₹5,093 Cr	-₹1,864 Cr	₹3,546 Cr
Cash from Financing (CFF)	-₹4,935 Cr	-₹6,813 Cr	-₹6,939 Cr	-₹20,505 Cr	-₹14,512 Cr	-₹17,591 Cr	-₹9,786 Cr	-₹24,642 Cr	-₹26,695 Cr	-₹17,504 Cr	-₹24,161 Cr	-₹39,786 Cr
Free Cash Flow (FCF)	₹6,106 Cr	₹7,305 Cr	₹8,771 Cr	₹11,220 Cr	₹12,396 Cr	₹13,696 Cr	₹21,117 Cr	₹21,724 Cr	₹19,888 Cr	₹23,009 Cr	₹33,457 Cr	₹31,259 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	66	66	66	68	65	74	70	68	63	72	70	72
Inventory Days	0	0	0	0	0	0	0	0	0	0	0	0
Cash Conversion Cycle (Days)	66	66	66	68	65	74	70	68	63	72	70	72
ROCE %	36%	33%	30%	30%	32%	32%	35%	37%	40%	40%	38%	40%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹1,170.96 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹1,155.00

DCF Fair Value

₹1,170.96

Graham Number

₹623.01

Margin of Safety

-20%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹1,170.96

Premium / Overvalued (Margin: -20%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹1,139	₹1,129	₹1,119	₹1,109
10%	₹1,161	₹1,150	₹1,140	₹1,130
12%	₹1,182	₹1,171	₹1,160	₹1,150
14%	₹1,203	₹1,192	₹1,181	₹1,171

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹1,171	Undervalued
Benjamin Graham Number	₹623	Market Priced
Historical Sector P/E	₹1,687	Discounted
EV / EBITDA Multiplier	₹1,213	In-Line
Free Cash Flow Yield Model	₹1,132	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 9/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

9 / 9 Pass

Altman Z-Score

6.18 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.10x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 24.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

13.82%

FIIs (Foreign)

27.09%

DIIs (Domestic)

42.78%

Government

0.15%

Public / Retail

15.88%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	14.89%	14.78%	14.71%	14.61%	14.43%	14.43%	14.60%	14.61%	14.30%	14.52%	14.38%	13.82%
+ FIIs (Foreign Portfolio)	33.60%	33.70%	34.11%	32.74%	33.28%	33.30%	32.89%	31.92%	30.08%	30.27%	28.45%	27.09%
+ DIIs (Mutual Funds / Insurance)	35.19%	35.51%	35.62%	37.28%	37.81%	38.19%	38.32%	39.39%	41.46%	41.08%	43.19%	42.78%
+ Public (Retail & HNIs)	15.83%	15.52%	15.06%	14.91%	14.01%	13.62%	13.72%	13.62%	13.70%	13.69%	13.54%	15.88%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Information Technology.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

INFY Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

INFY Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

INFY Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹1,478.40

Accelerated market share capture in Information Technology, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹1,293.60

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 14x P/E.

🐻 Bear Case (15%) -12.0%

₹1,016.40

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Information Technology)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:26 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Infosys Ltd (INFY)	Target Stock	₹1,155.00	+0.08%	13.5x	31.9%	40.0%	0.10	₹4.20 Lakh Cr
Tata Consultancy Services Ltd (TCS)	IT Services & Consulting	₹2,472.10	-0.13%	14.0x	51.8%	63.0%	0.11	₹7.51 Lakh Cr
HCL Technologies Ltd (HCLTECH)	Digital & Cloud Engineering	₹1,395.00	-0.85%	18.6x	23.8%	30.4%	0.07	₹3.37 Lakh Cr
Wipro Ltd (WIPRO)	IT Services & Consulting	₹197.99	-0.51%	12.1x	15.5%	17.8%	0.23	₹1.58 Lakh Cr
Tech Mahindra Ltd (TECHM)	Telecom & Enterprise IT	₹1,788.50	-0.91%	27.7x	17.5%	23.1%	0.07	₹1.47 Lakh Cr
ORACLE FIN SERV SOFT Ltd. (OFSS)	Information Technology Operations	₹10,100.00	+0.61%	26.6x	32.6%	45.3%	0.00	₹90,760 Cr
Persistent Systems Ltd (PERSISTENT)	Digital Product Engineering	₹5,973.50	-1.10%	43.7x	27.2%	34.4%	0.06	₹87,063 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:26:57 IST	✓ Live Sync
Financial Statements (10Y)	Infosys Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Infosys Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Infosys Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Information Technology)

Metric Explainer

Stock DNA Methodology

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