I

Infosys Limited

INFYNSE
Market snapshot · 2026-08-12 15:27 UTC

1,176.10

₹-14.60 (-1.23%)

MARKET CAP

₹4.76L Cr

STOCK P/E

15.2x

52W HIGH

₹1,728.00

52W LOW

₹982.40

BOOK VALUE

₹226.41

EPS

₹77.16

ROE

32.00%

SECTOR

Information Technology

DEBT/EQUITY

9.54

VOLUME

75.26L

P/B RATIO

5.19x

PEG RATIO

2.11

Sector

Information Technology

Themes

IT Services & ConsultingCloud ComputingVanguard Fund Portfolio
D
Dividend
E
Earnings
₹1,654.01₹1,500.73₹1,347.46₹1,194.18₹1,040.90VolumeEDEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Infosys is a global IT services company providing consulting, technology, outsourcing, and digital services. Revenue drivers include Topaz and applied AI, cloud platforms such as Infosys Cobalt and Microsoft Cloud, plus application modernization, cybersecurity, and engineering services. Recent sector-wide IT sell-offs and broker downgrades pressure sentiment, but do not indicate a company-specific margin change; revenue and profit grew 4.6% and 4.9%. Stable margins and 32% ROE indicate efficient capital use, though debt-equity of 9.54 amplifies leverage’s effect on shareholder returns. Profit growth modestly exceeds revenue growth, suggesting limited operating leverage rather than material margin expansion. At 15.2 times earnings, valuation appears fair relative to moderate growth and large-cap IT peers. The key open question is whether Topaz, cloud, and modernization demand can accelerate growth amid cautious enterprise spending and sector-wide valuation pressure.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for INFY.

42.00 analysts

Price Forecast

Current
₹1,176
High Target
₹1,610
▲ +36.9%
Median Target
₹1,185
▲ +0.8%
Low Target
₹940.00
▼ -20.1%
Now₹1,176High ₹1,610Median ₹1,185Low ₹940.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
42 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹945.52 - ₹1,39280%
6M₹851.30 - ₹1,47180%
12M₹723.24 - ₹1,56780%
Realized vol: +30.2% · Drift: -5.4%

Revenue Forecast

₹ Cr
Jun '26Current₹39,957.0
Sep 2026 ETrend estimate range
High₹44,549.0Base₹41,249.0Low₹37,949.1
Sep '25: ₹36,907.0 · Dec '25: ₹37,996.0 · Mar '26: ₹38,641.0 · Jun '26: ₹39,957.0 · Sep '26: ₹41,249.0 · Dec '26: ₹42,466.1
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E36,907.037,996.038,641.039,957.041,249.042,466.1
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹17.87
Sep 2026 ETrend estimate range
High₹25.33Base₹22.62Low₹19.90
Sep '25: ₹18.68 · Dec '25: ₹18.16 · Mar '26: ₹19.66 · Jun '26: ₹17.87 · Sep '26: ₹22.62 · Dec '26: ₹21.99
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E18.6818.1619.6617.8722.6221.99
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
69%
Analyst Consensus
Weakening

From 42 analysts

Mean upside+2.1%

Fundamentals

Strong

Fundamentals institutional score is 91 using EVA spread proxy 20.0%; growth durability 76.7.

Valuation

Attractive relative to peers

Valuation institutional score is 80 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 41 using mean target upside 2.1%; dispersion penalty 22.3; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 76 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 11 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and valuation provide support, while analyst consensus and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus WeakeningTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price1,201.3 target
Mean Upside+2.1%
Technical Score76%
Fundamental Score91%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 19.1% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.4). Confidence: 86%.

Live forward EPS implies next-12-month EPS of ₹79.94. Applying the stock's normalized valuation corridor produces a fair range of ₹1,372.57 to ₹1,661.95, with base value near ₹1,506.87 (+28.1% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹79.94

Forward P/E

14.7x

Base Fair Value

₹1,506.87

Fair Range

₹1,372.57 - ₹1,661.95

Upside To Base

+28.1%

Estimate Source

Live forward EPS

Growth Estimate

+5.3%

P/E
Strongly Undervalued

5Y Average

18.44

Current

15.24

Overvalued

20.79

Undervalued

17.17

P/S
Undervalued

5Y Average

Current

234.66

Overvalued

269.86

Undervalued

199.46

EV/EBITDA
Undervalued

5Y Average

Current

1075.36

Overvalued

1236.67

Undervalued

914.06

Peers & Comparison

Sector: Information Technology · Theme: IT Services & Consulting

IT Services & Consulting Peers4 peers
Avg P/E: 20.2x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
TATA CONSULTANCY SERV LT
TCSIT Services & Consulting
+13.9%18.1%
17.1x
Fair
-15% vs avg
-19.4%
WIPRO LTD
WIPROIT Services & Consulting
+10.6%13.9%
14.6x
Undervalued
-28% vs avg
-23.6%
TECH MAHINDRA LIMITED
TECHMIT Services & Consulting
+17.7%8.7%
28.1x
Premium
+39% vs avg
+9.1%
HCL TECHNOLOGIES LTD
HCLTECHIT Services & Consulting
+3.0%13.0%
21.2x
Fair
+5% vs avg
-9.0%
WHY THESE PEERS

INFOSYS LIMITED trades at a discount (15.2x vs peer avg 20.2x), suggesting potential undervaluation relative to the It Services & Consulting cohort. Peers include TATA CONSULTANCY SERV LT, WIPRO LTD, TECH MAHINDRA LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹39.96K CrJun 2026

Latest net profit

₹7.25K CrJun 2026

Latest EPS

₹17.87Jun 2026

Net margin

25.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%7.0%14.0%21.0%28.0%0.00 Cr10.00K Cr20.00K Cr30.00K Cr40.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr10.00K Cr20.00K Cr30.00K Cr40.00K Cr₹0₹5₹10₹15₹20
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr10.00K Cr20.00K Cr30.00K Cr40.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr35.00K Cr70.00K Cr1.05L Cr1.40L Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +31,81132,62932,49132,00133,28334,25734,91534,13635,27536,90737,99638,64139,957
Expenses +23,87724,63524,37724,28625,11925,85626,36125,75726,82928,05928,82629,09329,996
Operating Profit7,9347,9948,1147,7158,1648,4018,5548,3798,4468,8489,1709,5489,961
OPM %25%24%25%24%25%25%24%25%24%24%24%25%25%
Other Income +1,0011,3501,5823,4837211,7371,0011,3238822,2681,1311,063874
Interest43898262596150515552455461
Depreciation746738738722698670661590613595585601613
Profit before tax8,1468,5178,87610,4148,1289,4078,8449,0618,66010,4699,6719,95610,161
Tax %27%27%26%19%29%28%28%27%29%26%24%20%29%
Net Profit +5,9566,2456,5528,4805,7686,8136,3586,6286,1147,7597,3637,9757,249
EPS in Rs14.3515.0515.7920.4313.8916.4115.3115.9614.7218.6818.1619.6617.87
Raw PDF
YOY Sales Growth %7.74%3.36%0.31%4.81%4.63%4.99%7.46%6.67%5.99%7.74%8.82%13.20%13.27%
Employee Cost %51.41%50.37%50.18%50.15%49.56%49.23%48.26%50.56%50.10%48.97%48.97%48.88%47.10%
Exceptional items00000000057-1,14600
Other income normal1,0011,3501,5823,4837211,7371,0011,3238822,2112,2771,063874
Exceptional items AT00000000041-83900
Profit excl Excep5,9566,2456,5528,4805,7686,8136,3586,6286,1147,7188,2027,9757,249
Profit for PE5,9566,2456,5528,4805,7686,8136,3586,6286,1147,7188,2027,9757,249
Profit for EPS5,9566,2456,5528,4805,7686,8136,3586,6286,1147,7597,3637,9757,249
YOY Profit Growth %23%-0%6%44%-3%9%-3%-22%6%13%29%20%19%

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +14.61%14.30%14.52%14.38%13.82%
FIIs +31.92%30.08%30.27%28.45%27.09%
DIIs +39.39%41.46%41.08%43.19%42.78%
Government +0.21%0.20%0.20%0.20%0.20%
Public +13.62%13.70%13.69%13.54%15.88%
Others0.25%0.26%0.24%0.24%0.23%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Investor Conference

Aug 10, 2026PDFCompany Reports Open

Infosys To Accelerate IT System Transformation For Crocs, Inc., Optimizing Global Operational Capabilities To Scale For Future Growth

Aug 06, 2026PDFCompany Reports Open

Infosys And Metsä Group Expand Strategic Collaboration To Drive AI-Led IT Transformation

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 04, 2026PDFCompany Reports Open