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Last Updated: April 2, 2026, 2:31 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500209 | NSE: INFY

Infosys Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:31 am

Market Cap 5,17,124 Cr.
Current Price 1,276
Intrinsic Value₹919.40
High / Low 1,728/1,215
Stock P/E17.9
Book Value 205
Dividend Yield3.37 %
ROCE37.5 %
ROE28.8 %
Face Value 5.00
PEG Ratio3.44

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Infosys Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Infosys Ltd 5,17,124 Cr. 1,276 1,728/1,21517.9 2053.37 %37.5 %28.8 % 5.00
Tata Consultancy Services Ltd 8,71,308 Cr. 2,408 3,630/2,34617.0 2942.49 %64.6 %52.4 % 1.00
Mphasis Ltd 40,770 Cr. 2,137 3,037/2,01322.3 5052.67 %22.7 %18.2 % 10.0
Tata Elxsi Ltd 25,710 Cr. 4,127 6,735/3,96640.8 4341.82 %36.3 %29.3 % 10.0
Zensar Technologies Ltd 12,240 Cr. 538 895/51116.1 1882.42 %21.3 %16.4 % 2.00
Industry Average93,414.06 Cr648.3343.95156.220.97%20.61%18.63%7.00

All Competitor Stocks of Infosys Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 38,31837,44137,93338,99438,82137,92339,31540,98641,76440,92542,27944,49045,479
Expenses 28,95128,44328,86929,55429,68429,13929,87831,17731,64931,05132,33633,95534,845
Operating Profit 9,3678,9989,0649,4409,1378,7849,4379,80910,1159,8749,94310,53510,634
OPM % 24%24%24%24%24%23%24%24%24%24%24%24%23%
Other Income 7696715616327892,7298387128591,1901,042982-150
Interest 808290138131110105108101102105106100
Depreciation 1,1251,1211,1731,1661,1761,1631,1491,1601,2031,2991,1401,1821,155
Profit before tax 8,9318,4668,3628,7688,61910,2409,0219,2539,6709,6639,74010,2299,229
Tax % 26%28%29%29%29%22%29%30%29%27%29%28%28%
Net Profit 6,5866,1345,9456,2156,1137,9756,3746,5166,8227,0386,9247,3756,666
EPS in Rs 15.7014.7714.3214.9714.7119.2015.3415.6716.3916.9316.6617.7316.41

Last Updated: February 6, 2026, 11:17 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 1:15 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 50,13353,31962,44168,48470,52282,67590,791100,472121,641146,767153,670162,990173,173
Expenses 36,74338,43645,36249,88051,70062,50568,52472,58390,150111,637117,245123,754132,187
Operating Profit 13,39014,88317,07918,60418,82220,17022,26727,88931,49135,13036,42539,23640,986
OPM % 27%28%27%27%27%24%25%28%26%24%24%24%24%
Other Income 2,6643,4303,1203,0503,3112,8822,8032,2012,2952,7014,7113,6003,064
Interest 9120000170195200284470416413
Depreciation 1,3171,0171,4591,7031,8632,0112,8933,2673,4764,2254,6784,8124,776
Profit before tax 14,72817,28418,74019,95120,27021,04122,00726,62830,11033,32235,98837,60838,861
Tax % 28%28%28%28%21%27%24%27%26%28%27%29%
Net Profit 10,65612,37213,48914,35316,02915,41016,63919,42322,14624,10826,24826,75028,003
EPS in Rs 23.3126.9329.3631.2436.6935.2638.9645.4252.5658.0863.2064.3267.73
Dividend Payout % 34%55%41%41%59%60%45%59%59%58%73%67%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)16.10%9.03%6.41%11.68%-3.86%7.98%16.73%14.02%8.86%8.88%1.91%
Change in YoY Net Profit Growth (%)0.00%-7.08%-2.62%5.27%-15.54%11.84%8.76%-2.71%-5.16%0.02%-6.96%

Infosys Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:12%
3 Years:10%
TTM:7%
Compounded Profit Growth
10 Years:8%
5 Years:10%
3 Years:6%
TTM:2%
Stock Price CAGR
10 Years:11%
5 Years:10%
3 Years:0%
1 Year:-24%
Return on Equity
10 Years:27%
5 Years:30%
3 Years:31%
Last Year:29%

Last Updated: September 4, 2025, 9:40 pm

Balance Sheet

Last Updated: December 4, 2025, 12:52 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 2865721,1441,1441,0882,1702,1222,1242,0982,0692,0712,0732,074
Reserves 44,24450,16460,60067,83863,83562,77863,32874,22773,25273,33886,04593,745101,256
Borrowings 0000004,6335,3255,4748,2998,3598,2278,755
Other Liabilities 12,43615,55313,35414,16614,42619,11821,71725,83535,90540,89040,88543,75048,295
Total Liabilities 56,96666,28975,09883,14879,34984,06691,800107,511116,729124,596137,360147,795160,380
Fixed Assets 8,37811,34613,38614,17912,57415,71023,78925,50525,80029,22527,62230,96132,656
CWIP 9617769601,3651,6061,3889549224162882938141,124
Investments 4,3312,2701,89216,42312,16311,2618,79214,20520,32419,47824,62323,54123,485
Other Assets 43,29651,89758,86051,18153,00655,70758,26566,87970,18975,60584,82292,479103,115
Total Assets 56,96666,28975,09883,14879,34984,06691,800107,511116,729124,596137,360147,795160,380

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 9,8258,35310,02811,53113,21814,84117,00323,22423,88522,46725,21035,694
Cash from Investing Activity + -2,563999-885-14,6644,533-632-331-7,373-6,485-1,071-5,093-1,864
Cash from Financing Activity + -3,144-4,935-6,813-6,939-20,505-14,512-17,591-9,786-24,642-26,695-17,504-24,161
Net Cash Flow 4,1184,4172,330-10,072-2,754-303-9196,065-7,242-5,2992,6139,669
Free Cash Flow 7,0806,1067,3058,77111,22012,39613,69621,11721,72419,88823,00933,457
CFO/OP 102%101%93%92%107%107%97%106%100%89%95%105%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow13.0014.0017.0018.0018.0020.0018.0022.0026.0027.0028.0031.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 616666666865747068637270
Inventory Days
Days Payable
Cash Conversion Cycle 616666666865747068637270
Working Capital Days 15334385036423628315439
ROCE %36%36%33%30%30%32%32%35%37%40%40%38%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 15.14%14.94%14.89%14.78%14.71%14.61%14.43%14.43%14.60%14.61%14.30%14.52%
FIIs 35.09%33.44%33.60%33.70%34.11%32.74%33.28%33.30%32.89%31.92%30.08%30.27%
DIIs 33.59%34.58%35.19%35.51%35.62%37.28%37.81%38.19%38.32%39.39%41.46%41.08%
Government 0.19%0.20%0.19%0.20%0.21%0.21%0.20%0.20%0.21%0.21%0.20%0.20%
Public 15.67%16.52%15.83%15.52%15.06%14.91%14.01%13.62%13.72%13.62%13.70%13.69%
Others 0.33%0.32%0.31%0.30%0.29%0.27%0.27%0.27%0.26%0.25%0.24%0.24%
No. of Shareholders 28,01,57431,44,61330,09,44828,97,03027,73,40628,20,74025,76,99125,42,76625,46,23425,79,16427,19,35326,31,803

Shareholding Pattern Chart

No. of Shareholders

Infosys Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Value Fund 22,426,207 6.1 3680.1428,381,7282026-01-26 02:52:32-20.98%
ICICI Prudential Technology Fund 16,793,602 17.85 2755.8317,907,1992026-02-23 00:04:57-6.22%
Parag Parikh Flexi Cap Fund 16,509,541 2.02 2709.2216,417,9362026-02-23 00:04:570.56%
HDFC Balanced Advantage Fund 16,266,004 2.5 2669.2516,763,8032026-01-26 02:52:32-2.97%
ICICI Prudential Large Cap Fund 16,248,711 3.48 2666.4116,448,7112026-02-23 00:04:57-1.22%
ICICI Prudential Balanced Advantage Fund 14,210,904 3.32 2332.0115,653,3042026-02-23 00:04:57-9.21%
Mirae Asset Large Cap Fund 13,722,505 5.58 2251.8613,788,5802026-02-23 00:04:57-0.48%
Tata Digital India Fund 13,461,819 18.41 2209.0814,647,7732026-01-26 02:52:32-8.1%
SBI Large Cap Fund 13,417,914 4.02 2201.8814,248,4252026-01-26 02:18:52-5.83%
SBI Equity Hybrid Fund 11,947,458 2.41 1960.5813,000,0002025-12-15 02:20:12-8.1%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 64.5063.3957.6352.5245.61
Diluted EPS (Rs.) 64.3463.3957.5452.4145.52
Cash EPS (Rs.) 76.1374.6668.4761.0653.41
Book Value[Excl.RevalReserv]/Share (Rs.) 231.11212.74183.17180.50180.75
Book Value[Incl.RevalReserv]/Share (Rs.) 231.11212.74183.17180.50180.75
Revenue From Operations / Share (Rs.) 393.13371.00354.68289.90236.52
PBDIT / Share (Rs.) 103.3299.3191.4280.5270.83
PBIT / Share (Rs.) 91.7188.0281.2172.2363.14
PBT / Share (Rs.) 90.7186.8980.5371.7662.68
Net Profit / Share (Rs.) 64.5263.3758.2652.7845.72
NP After MI And SOA / Share (Rs.) 64.4363.3358.2352.6945.55
PBDIT Margin (%) 26.2826.7625.7727.7729.94
PBIT Margin (%) 23.3223.7222.8924.9126.69
PBT Margin (%) 23.0723.4122.7024.7526.50
Net Profit Margin (%) 16.4117.0816.4218.2019.33
NP After MI And SOA Margin (%) 16.3817.0716.4118.1719.26
Return on Networth / Equity (%) 27.8729.7731.9529.3425.34
Return on Capital Employeed (%) 35.8536.8138.7935.9631.73
Return On Assets (%) 17.9319.0319.1518.7517.85
Asset Turnover Ratio (%) 1.141.171.201.080.92
Current Ratio (X) 2.272.311.812.002.54
Quick Ratio (X) 2.272.311.812.002.54
Dividend Payout Ratio (NP) (%) 75.9756.0056.5757.2347.12
Dividend Payout Ratio (CP) (%) 64.3747.5348.1349.4640.32
Earning Retention Ratio (%) 24.0344.0043.4342.7752.88
Cash Earning Retention Ratio (%) 35.6352.4751.8750.5459.68
Interest Coverage Ratio (X) 102.9787.52133.21168.93154.31
Interest Coverage Ratio (Post Tax) (X) 65.3056.8585.89111.73100.61
Enterprise Value (Cr.) 627017.84606361.96578997.26783175.12556737.20
EV / Net Operating Revenue (X) 3.853.953.946.445.54
EV / EBITDA (X) 14.6414.7415.3023.1818.50
MarketCap / Net Operating Revenue (X) 3.994.044.036.585.78
Retention Ratios (%) 24.0243.9943.4242.7652.87
Price / BV (X) 6.797.057.8310.627.61
Price / Net Operating Revenue (X) 3.994.044.036.585.78
EarningsYield 0.040.040.040.020.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

₹873.94Overvalued by 31.51%vs CMP ₹1,276.00

P/E (17.9) × ROE (28.8%) × BV (₹205.00) × DY (3.37%)

₹727.10Overvalued by 43.02%vs CMP ₹1,276.00
MoS: -75.5% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹919.4122%Over (-27.9%)
Graham NumberEarnings₹558.9316%Over (-56.2%)
Earnings PowerEarnings₹512.5113%Over (-59.8%)
DCFCash Flow₹922.6513%Over (-27.7%)
Net Asset ValueAssets₹254.977%Over (-80%)
EV/EBITDAEnterprise₹1,065.289%Over (-16.5%)
Earnings YieldEarnings₹677.307%Over (-46.9%)
ROCE CapitalReturns₹731.299%Over (-42.7%)
Revenue MultipleRevenue₹603.275%Over (-52.7%)
Consensus (9 models)₹727.10100%Overvalued
Key Drivers: Wide model spread (₹255–₹1,065) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 5.2%

*Investments are subject to market risks

About the Company - Qualitative Analysis

Infosys Ltd. is a Public Limited Listed company incorporated on 02/07/1981 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L85110KA1981PLC013115 and registration number is 013115. Currently Company is involved in the business activities of Computer programming, consultancy and related activities. Company's Total Operating Revenue is Rs. 136592.00 Cr. and Equity Capital is Rs. 2076.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareNo. 44, Hosur Road, Electronics City, Bengaluru Karnataka 560100Contact not found
Management
NamePosition Held
Mr. Nandan M NilekaniChairman (Non - Executive) & Non Independent Direc
Mr. Salil ParekhManaging Director & CEO
Mr. D SundaramLead Independent Director
Mr. Michael GibbsIndependent Director
Mr. Govind IyerIndependent Director
Ms. Chitra NayakIndependent Director
Mr. Bobby ParikhIndependent Director
Ms. Helene Auriol PotierIndependent Director
Mr. Nitin ParanjpeIndependent Director

FAQ

What is the intrinsic value of Infosys Ltd and is it undervalued?

As of 03 April 2026, Infosys Ltd's intrinsic value is ₹727.10, which is 43.02% lower than the current market price of ₹1,276.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (28.8 %), book value (₹205), dividend yield (3.37 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Infosys Ltd?

Infosys Ltd is trading at ₹1,276.00 as of 03 April 2026, with a FY2026-2027 high of ₹1,728 and low of ₹1,215. The stock is currently near its 52-week low. Market cap stands at ₹5,17,124 Cr..

How does Infosys Ltd's P/E ratio compare to its industry?

Infosys Ltd has a P/E ratio of 17.9, which is below the industry average of 43.95. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Infosys Ltd financially healthy?

Key indicators for Infosys Ltd: ROCE of 37.5 % indicates efficient capital utilization; ROE of 28.8 % shows strong shareholder returns. Dividend yield is 3.37 %.

Is Infosys Ltd profitable and how is the profit trend?

Infosys Ltd reported a net profit of ₹26,750 Cr in Mar 2025 on revenue of ₹162,990 Cr. Compared to ₹22,146 Cr in Mar 2022, the net profit shows an improving trend.

Does Infosys Ltd pay dividends?

Infosys Ltd has a dividend yield of 3.37 % at the current price of ₹1,276.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Infosys Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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