NEWS BITES - BRIC
www.buysellsignals.com
Infosys Ltd.'s (NSE: INFY Rs1,265.20) stock price dropped Rs17.60 (1.4%) from its previous trading session to close at Rs1,265.20.
Compared with the BSE SENSEX Index which fell 276.8 points (0.4%) in the day, the relative price change was -1.0%.
Infosys Ltd. is India's 2nd largest IT consulting & software company by market cap.
The 200-day Moving Average Price (MAP) is Rs1,437.04, down from Rs1,438.55 on Thursday. The price to MAP ratio is 0.88.
In the past month the MAP has exceeded the share price on 24/24 days; a bearish signal.
This is a second consecutive day of Price below MAP and P/MAP falling, a bearish signal.
There were 5,060,000 shares worth Rs6.4 billion ($77.6 million) traded today. The volume was 0.8 times the average daily trading volume of 6.6 million shares.
INFOSYS (INFY) Stock Dashboard [traded in Indian Rupee, INR] End-of-Day
| Exchange | INDIAN [BSE, NSE] | Sector | IT Consulting & Software |
| Currency | 1.000 USD = 82.52 Indian Rupees (INR) | Independent Rating | Ranked 539 in Forbes 2000 |
| Jun 09, 2023 | Rs1,265.20 | Market Cap | Rs5,251 billion [US$64 billion] |
| EPS (FY2023) | Rs57.63 | Shares Outstanding | 4,150,000,000 |
| INFY P/E | Stock 21.9; Sector 24.8 | % Held by 25 Promoter & Promoter Group | 13.1% |
| INFY Dividend Yield % (TTM) | Stock 2.7; Sector 2.6 | % Held by 2,664,538 Public shareholders | 86.6% |
| DPS (past 12 months) | Rs32 | % Held by Top 18 Shareholders | 56.1 |
| EPS Growth (Q4 2023 vs Q3 2022) | -5.9% | INFY in Indices | SENSEX [of 30 stocks] |
| Ave Daily Volume | 6,619,973 shares | PVINR1000 (1 yr) PVUS$1000 (1 yr) | Rs877 US$825* |
| 52-Week Price Range | 1,169.58 - 1,650.42 |
*If You Invested $1,000 in Infosys a year ago, This is How Much You Would Have Today: $825. USD1000 would have bought Rs77,854 for 52.6 shares (@the then price of 1,478.75) worth Rs877 @1,265.2 today. Dividends reinvested are worth $20.
INDEX
SECTION 1 RECENT NEWS AND RESEARCH
SECTION 2 TODAY'S BEARISH SIGNALS
SECTION 3 ONGOING BEARISH PARAMETERS
SECTION 4 TODAY'S BULLISH SIGNALS
SECTION 5 ONGOING BULLISH PARAMETERS
SECTION 6 CORPORATE PROFILE
APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER
APPENDIX II STOCK IDENTIFIERS
GLOSSARY
SECTION 1 RECENT NEWS AND RESEARCH
ex-Dividend since Jun 2
Financial News
Annual Report (FY 2023):
Release Date: May 03, 2023
FY2023 Annual Report: Infosys EPS Growth slows to 9.7%
Infosys (BSE:500209; NSE:INFY), announced EPS of INR57.63 (US70.18c) for the year-ended 31 March 2023 [FY2023], up 9.7% from INR52.52 (US69.2c) in the previous year-ended 31 March 2022 [FY2022]. EPS growth from the year-ended 31 March 2021 [FY2021] to the year-ended 31 March 2022 [FY2022] was 15%.
Annual growth in Revenue, Net Profit and EPS
| Year-ended | 31 March [FY/2023] | 31 March [FY/2022] |
| Revenue, INR | 149,468 crores | 123,936 crores |
| Revenue, $ | 1,820 crores | 1,509 crores |
| Growth in Revenue % | 20.6 | 20.7 |
| Net Profit, INR | 24,095 crores | 22,110 crores |
| Net Profit, $ | 293 crores | 269 crores |
| Growth in Net Profit % | 9.0 | 14.3 |
| EPS, INR | 57.63 | 52.52 |
| Growth in EPS % | 9.7 | 15.2 |
Tweets Posted By Nandan Nilekani, Chairman of Infosys
(@NandanNilekani) Followers 2.5M
- Mon May 29, 2023
The combination of @ai4bharat with recent advances in generative AI and affordable phones, will enable a billion people to access the world's knowledge and insights in voice interactions, in their own language. Now that is Inclusion!
Please view more stories in DATA DOWNLOAD CENTER
INFOSYS EX-DIVIDENDS SINCE JUN 2
The shares decreased 2.6% in the 5 trading sessions since the ex-dividend date of June 02. The company paid a dividend of Rs17.50 per share. Based on dividends of Rs34.0 per share for the trailing twelve months and the last price of Rs1,265.20 the dividend yield is 2.7%.
Bullish Turning Point
Williams % R
The stock is oversold according to the Williams % R indicator of -97.6, suggesting the price is close to its 14-day low. The Williams % R was previously -52.3.
Stock Buzz
Other Publishers Buzz in the past week
| Jun | Headline | Publisher |
| Thu 08 | Infosys Positioned as a Leader in the IDC MarketScape: Asia Pacific Intelligent Digital Workplace Services 2023 Vendor Assessment | Infosys |
| Thu 08 | Infosys Springboard Collaborates with Adobe Training to Transform Digital Workforce of the Future | YAHOO!Finance |
| Wed 07 | Infosys Grows Its Footprint in the Nordics with a New Proximity Centre in Oslo, Norway to Enable Digital Transformation | Europa Press |
| Wed 07 | Infosys return on equity at 10-year high despite lower margins: Jefferies | moneycontrol.com |
| Wed 07 | Infosys and Roland-Garros Serve Up New AI-Powered Experiences for the Tennis Ecosystem | c c |
Press Releases and Corporate Wire
April 20: Infosys announces AGM
Infosys has announced its Annual General Meeting will take place on Wednesday, June 28.
April 14: Infosys announces dividend
Infosys today announced a final dividend of Rs17.50 per share. The ex-dividend date is Friday, June 02, 2023 and the record date is Friday, June 02, 2023 and it is payable on Monday, July 03.
May 24: Infosys: Listing of further issue
In pursuance of Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the list of securities further admitted to dealings on the National Stock Exchange (Capital Market segment) with effect from May 25, 2023, and the designated security codes thereof shall be as specified in Annexure.
In pursuance of Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the respective lot sizes in respect of securities above shall be as specified in Annexure.
For the purpose of trading on the system, the security shall be identified only by its designated codes and trading in such securities shall be in such lot sizes as specified in Annexure.
This circular shall be effective from May 25, 2023.
Source: National Stock Exchange of India
May 12: Infosys: Listing of further issue
In pursuance of Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the list of securities further admitted to dealings on the National Stock Exchange (Capital Market segment) with effect from May 15, 2023, and the designated security codes thereof shall be as specified in Annexure.
In pursuance of Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the respective lot sizes in respect of securities above shall be as specified in Annexure.
For the purpose of trading on the system, the security shall be identified only by its designated codes and trading in such securities shall be in such lot sizes as specified in Annexure.
This circular shall be effective from May 15, 2023.
Source: National Stock Exchange of India
April 27: Infosys: Listing of further issue
In pursuance of Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the list of securities further admitted to dealings on the National Stock Exchange (Capital Market segment) with effect from April 28, 2023 along with the designated security codes thereof shall be as specified in the Annexure.
In pursuance of Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the respective lot sizes in respect of securities above shall be as specified in Annexure.
For the purpose of trading on the system, the security shall be identified only by its designated codes and trading in such securities shall be in such lot sizes as specified in Annexure.
This circular shall be effective from April 28, 2023.
Source: National Stock Exchange of India
March 23: Infosys: Listing of further issue
In pursuance of Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the list of securities further admitted to dealings on the National Stock Exchange (Capital Market segment) with effect from March 24, 2023 along with the designated security codes thereof shall be as specified in the Annexure.
In pursuance of Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the respective lot sizes in respect of securities above shall be as specified in Annexure.
For the purpose of trading on the system, the security shall be identified only by its designated codes and trading in such securities shall be in such lot sizes as specified in Annexure.
This circular shall be effective from March 24, 2023.
Source: National Stock Exchange of India
Retirement
Source: National Stock Exchange of India
Thu Apr 13, 2023
Infosys director Uri Levine to retire
Thursday April 13, 2023
Uri Levine will retire from Infosys as Independent Director. The retirement will take effect from Apr 19, 2023.
Infosys issued 1 new patents in the past quarter
Infosys (INFY) has been issued 1 new patents by the USPTO & EPO.
To view details, click on link shown in the DATA & ARCHIVE DOWNLOAD CENTER.
SECTION 2 TODAY'S BEARISH SIGNALS
2.1 Relative Value Indicators: Overvaluation compared with sector averages
2.2 Relative Value Indicators: Overvaluation compared with Index averages and bond yield
- Earnings yield of 4.6% is less attractive compared with the Indian average earning yield of 17.2%.
- The earnings yield of 4.6% is below the 10-year bond yield of 7.0%.
(All figures in %)
| Earnings Yield | 4.6 |
| Indian avg | 17.2 |
| Dividend Yield | 2.7 |
| Bond Yield | 7.0 |
| Sector | P/E | |
| Forbes 2000 | Stock: 21.9; Sector: 15.3 | overvalued |
2.3 PAST WEEK: MODERATE MOMENTUM DOWN - INFY decreases 2.6% on volume 1.0 times average
Week 23 of 2023: Down 2.6%; Infosys (INFY) underperformed the BSE SENSEX Index in 3 out of 5 days. The price ranged between a high of Rs1,304.50 on Monday Jun 05 and a low of Rs1,265.20 on Friday Jun 09.
| Jun | Infosys | Close [INR] | Change % | RPC % * | Comment |
| Mon 05 | Increases Rs5.50 | 1,304.5 | 0.4 | 0.04 | Week-high of 1,304.5 |
| Tue 06 | In bottom 2% performers of BSE SENSEX Index | 1,279 | -2.0 | -2.0 | Steepest Fall; VI*=1.6 |
| Wed 07 | Inches higher, resistance at 12-day EMA | 1,288.95 | 0.8 | 0.2 | Top Rise |
| Thu 08 | Weakens below moving average price | 1,282.8 | -0.5 | -0.1 | Price/MAP200 below 1 and falling |
| Fri 09 | Loses Rs73 billion ($885 million) (1.4%) in MCap, steepest heavyweight fall in IT consulting & software sector | 1,265.2 | -1.4 | -1.0 | Week-low of 1,265.2 |
* RPC - Relative Price Change is % price change of stock less % change of the BSE SENSEX Index.
[Volume Index (VI); 1 is average]
2.4 Rank in the bottom 14% by Relative Valuation in the Indian market
| Description | Value | Rank |
| P/E * P/NTA | 192.28 | In Bottom 14% |
| Price/Earnings/Growth | 2.26 | In Bottom 11% |
| Price to Book Value | 8.8 | In Bottom 9% |
2.5 Rank in the bottom 21% by Price Performance in the Indian market
| Description | Value | Rank |
| 1-week Price Change % | -2.6 | In Bottom 21% |
| Rel Strength 6 mo | 5 | In Bottom 4% |
2.6 Downtrend
Price/Moving Average Price of 0.88:
- The Price/MAP 200 for Infosys is 0.88. Being less than 1 is a bearish indicator. It is lower than the Price/MAP 200 for the BSE SENSEX Index of 1.04, a second bearish indicator. The stock is trading below both its MAPs and the 50-day MAP of Rs1,285.88 is lower than the 200-day MAP of Rs1,437.04, a third bearish indicator. The 200-day MAP has decreased to Rs1,437.04, a fourth bearish indicator.
Past Quarter:
- In the last three months the stock has hit a new 52-week low once.
- The shares had their worst quarter in a year since the quarter ended June 09, 2022.
Trailing Relative Strength (6 months) at 5 percentile:
- The stock has a 6-month relative strength of 5 in the Indian market of 3,523 stocks indicating it is trailing 95% of the market.
2.7 Other Bearish Signals
MCap/Total Assets:
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 4.2. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.
SECTION 3 ONGOING BEARISH PARAMETERS
3.1 Rank in the bottom 12% by Growth in the Indian market
| Description | Value | Rank |
| EPS Growth % | 9.7 | In Bottom 12% |
3.2 Present Value of Rs1000 Invested in the Past [3 Mo, 1 Yr]; The Worst Periods with PVRs1000 < 879
| PVRs1,000 | 3 mo ago | 1 yr ago |
| INFY.NSE | Rs878 | Rs877 |
| It Consulting & Software sector | Rs964 | Rs959 |
| BSE SENSEX Index | Rs1,053 | Rs1,132 |
3.3 The Worst Periods [3 Mo, 1 Yr] with Price Change % < -13.3
1-Year price change of -14.4% for Infosys underperformed the change of 14.1% in the BSE SENSEX Index for a relative price change of -28.5%.
| Price Change % | Quarter | Year |
| Infosys | -13.4 | -14.4 |
| IT Consulting & Software sector | -3.6 | -4.1 |
| BSE SENSEX Index | 5.9 | 14.1 |
3.4 Moving Annual Return of -12.1% in the past year:
Moving Annual Return was -12.1% in the past year. Based on a dynamic start date of 5 years ago, the real rate of return has averaged 27.3%
| INFY | Close (INR) | Dividends (INR) | Capital Gain / (Loss) % | % Yield | Annual Return % |
| Jun 09 | 1,265.2 | 34 | (14.4) | 2.3 | (12.1) |
| 1 Yr ago | 1,478.75 | 31 | 9.3 | 2.3 | 11.6 |
| 2 Yrs ago | 1,352.7 | 27 | 100.3 | 4 | 104.3 |
| 3 Yrs ago | 675.49 | 28 | 1.5 | 4.2 | 5.7 |
| 4 Yrs ago | 665.39 | 26.25 | 22.1 | 4.8 | 27.0 |
Close 5 years ago Rs544.74
Prices are adjusted for a bonus share. On September 04, 2018 shareholders received 1 additional share for every 1 share held prior to that date.
3.5 Sequential EPS growth [Q4/2023 vs Q3/2022] of -5.9%:
The most recent quarter (Q4/2023) showed a decline of 5.9% in sequential growth of Quarterly EPS.
| Quarterly Report | EPS (Rs) | Growth % |
| Q4/2023 | 14.79 | -5.9 |
| Q3/2022 | 15.72 | 9.5 |
3.6 Annualised Period-based Total Shareholder Returns [TSR %]: The Worst Period with TSR < -12.2%
| TSR % | 1 yr |
| INFY.NSE | -12.3 |
3.7 P/E/G > 1
The price earnings ratio of 21.9 divided by trailing twelve months eps growth of 9.7% corresponds to P/E/G of 2.3 times.
| EPS Growth (%) | 9.73 |
| P/E/G | 2.26 |
| P/E | 21.95 |
3.8 Declining Volume, down 16% in 5 years
In the past five years, Average Daily Volume of Trading (ADVT) has decreased 16.2% to 6.6 million shares.
Avg. Daily Volume Traded 12 months ended Jun 09, million shares
| Year | ADVT |
| 2023 | 6.6 |
| 2022 | 7.0 |
| 2021 | 10.5 |
| 2020 | 10.3 |
| 2019 | 7.9 |
3.9 Quarterly Trend in Revenue, Net Profit and Net Profit Margin:
- Revenue growth has shown signs of deterioration in recent quarters. [All figures in %]
| Qtr-ended | Revenue Growth | Net Profit Growth | Net Profit Margin |
| Mar 23 [Q4 vs Q3] | -2.5 | -7 | 16.1 |
| Dec 22 [Q3 vs Q2] | 5.3 | 9.4 | 16.8 |
| Sep 22 [Q2 vs Q1] | 5.6 | 12.3 | 16.2 |
| Jun 22 [Q1 vs Q4] | 6.8 | -5.7 | 15.3 |
3.10 Satisfies 4 out of 9 criteria of Joseph Piotroski [pass mark 5]:
- Positive net income.
- Positive operating cashflow.
- Return on Assets improvement [from 18.8% to 19.2%].
- Improvement in asset turnover [growth in revenue of 20.6% exceeded growth in assets of 6.7%].
But does not meet the following 5 criteria of Joseph Piotroski:
- Good quality of earnings [operating cashflow exceeds net income].
- Improvement in long-term debt to total assets.
- Improvement in current ratio.
- Total shares on issue unchanged (or reduction in total shares on issue).
- Improvement in gross margin.
SECTION 4 TODAY'S BULLISH SIGNALS
4.1 Relative Value Indicators: Undervaluation compared with sector averages
Price/Earnings of 21.9 < It Consulting & Software sector (of 101 stocks) avg of 24.8:
- The price-to-earnings ratio of 21.9 indicates undervaluation compared with sector average of 24.8.
Price/Earnings/Growth of 2.26 < It Consulting & Software sector (of 101 stocks) avg of 3.3:
- Price/Earnings/Growth of 2.26 (based on the year-on-year growth in trailing 12 months EPS of 9.7%) versus sector average of 3.3.
| Sector | Dividend Yield % | |
| Forbes 2000 | Stock: 2.7; Sector: 1.0 | undervalued |
4.2 Rank in the top 13% by Relative Valuation in the Indian market
| Description | Value | Rank |
| Dividend Yield % | 2.7% | In Top 13% |
4.3 Falling open interest with falling price
Open Interest Trend
Same day trend: The price fallen 1.4% from Rs1,282.80 to Rs1,265.20; Open interest has fallen 0.3% from 73,927,600 to 73,732,800. A fall in price combined with a decline in open interest suggests long position holders are being compelled to liquidate their positions and the market is strengthening. This is a bullish signal awaiting a turning point when long position holders have completed their selling.
| Duration | Open Interest change % | Price change % | Interpretation |
| 1-day | -0.3 | -1.4 | Market is Strengthening |
4.4 Put Call Contracts
The Put/Call ratio has declined from 0.504 to 0.5 suggesting an uptrend.
| Put Contracts | Call Contracts | Put/Call ratio | |
| Today | 10,368,400 | 20,720,000 | 0.5 |
| Previous day | 10,376,800 | 20,584,800 | 0.504 |
4.5 Top three traded call options [1 contract is 400 shares]
| Exercise Price | Exercise Date | Option Price | Change % | Contracts Traded |
| Rs1,220.0 | June 29, 2023 | Rs79.45 | 1.0 | 18 |
| Rs1,540.0 | June 29, 2023 | Rs0.70 | 27.3 | 13 |
| Rs1,560.0 | June 29, 2023 | Rs0.50 | 25.0 | 3 |
4.6 Uptrend
Positive MACD:
- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 1,283.81 minus the 26-day EMA of 1,281.94 is positive, suggesting a bullish signal.
Past Quarter:
The Best 3 weeks in the past quarter
In the past quarter the week beginning Monday March 27 saw the highest weekly rise of 3.9% for a relative price increase of 1.3%.
| Mon-Fri | Change % | BSE SENSEX Index Change % | RPC % | Vol Ind [1 is avg] |
| Mar 27-31 | 3.9 | 2.6 | 1.3 | 1.1 |
| May 22-26 | 3.8 | 1.2 | 2.6 | 0.9 |
| Apr 24-28 | 2.1 | 2.4 | -0.4 | 1.2 |
4.7 Other Bullish Signals
- Return on Equity of 31.8% versus sector average of 26.8%.
- Total Liabilities/EBITDA of 1.3 is less than 5, this compares favourably with the Joseph Piotroski benchmark of 5.
- Return on Assets of 19.2% versus sector average of 17.5% and market average of 3.9%.
- Return on Capital Employed of 38.5% versus sector average of 32.0% and market average of 2.0%.
- Net profit margin has averaged 17.6% in the last 3 years. This is considered superior and suggests a high margin of safety.
- As per the Du Pont analysis, Return on Equity is high at 31.8%. This is computed as net profit margin of 16.1% times asset turnover [sales/assets] of 1.2 times leverage factor [total assets/shareholders' equity] of 1.7.Also, this has improved from 29.2% last year.
| ROE (%) | Profit Margin (%) | Asset Turnover | Leverage factor | |
| Current Year | 31.8 | 16.1 | 1.2 | 1.7 |
| Previous Year | 29.2 | 17.9 | 1.1 | 1.6 |
4.8 Oversold/Bullish Signals:
- The stock is oversold according to the Williams % R indicator of -97.6, suggesting the price is close to its 14-day low of Rs1,264.0.
SECTION 5 ONGOING BULLISH PARAMETERS
5.1 Rule of 40
The stock scores a favorable score exceeding 40 when using the Rule of 40 (Revenue Growth plus EBITDA margin). Y.o.y revenue growth of 21%, EBITDA margin is 25.1% and the sum of the two 45.7% needs to exceed 40%.
5.2 Rank in the top 8% by Size in the Indian market
| Description | Value | Rank |
| Ave daily Turnover | Rs6.4 billion ($77.6 million) | In Top 1% |
| Annual Revenue | Rs1,494.7 billion ($18.1 billion) | In Top 2% |
| MCap | $64 billion | In Top 8% |
5.3 Rank in the top 7% by Productivity in the Indian market
| Description | Value | Rank |
| Return on Capital Employed [ROCE] % | 38.5 | In Top 4% |
| Return on Equity [ROE] % | 31.8 | In Top 6% |
| Return on Assets [ROA] % | 19.2 | In Top 7% |
5.4 INR1000 in Infosys grows to Rs2,382,396 in 28 years
Infosys closed at Rs0.62 when it was first listed on February 08, 1995. The present value of INR1,000 (PV1000) invested in Infosys on the date of listing is Rs2,382,396 including a capital gain of Rs2,038,658 and dividends reinvested of Rs342,737. This corresponds to an outstanding average annualized return of 31.6%.
5.5 Present Value of Rs1000 Invested in the Past 3 Years; The Best Period with PVRs1000 > 2,001
| PVRs1,000 | 3 yrs ago |
| INFY.NSE | Rs2,002 |
| It Consulting & Software sector | Rs1,777 |
| BSE SENSEX Index | Rs1,844 |
5.6 Past 3 years: price rise of 87.3%
3-Year price change of 87.3% for Infosys outperformed the change of 82.2% in the BSE SENSEX Index for a relative price change of 5.1%.
| Price Change % | 3 Years |
| Infosys | 87.3 |
| IT Consulting & Software sector | 77.7 |
| BSE SENSEX Index | 82.2 |
5.7 Stock vs Index (Annual Percentage Change)
| December 31 | Last price in INR | Annual Return | Return of BSE SENSEX Index |
| 2022 | 1,508.2 | -18.4 | 4.4 |
| 2021 | 1,847.8 | 53.3 | 22.0 |
| 2020 | 1,205.4 | 76.0 | 15.8 |
| 2019 | 685.0 | 14.6 | 14.4 |
| 2018 | 597.9 | - | - |
Over 5 years Infosys is up a total 152.2% at an annualized rate of 26.0% compared to the Index being up 68.7% at an annualized rate of 14.0%.
Infosys has outperformed the BSE SENSEX Index in 3 of the past 5
years: 2021, 2020, 2019.
5.8 MCap: 5-Year Increase of Rs2,512 B [$30B] (92%)
In the past 5 years Market Capitalization has increased by Rs2,512.1 billion (92%) from Rs2,738.5 billion to Rs5,250.6 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 2 out of 5 years.
| Price | MCap (INR B) | MCap ($ B) | |
| Last | Rs1,265.20 | 5,250.6 | 63.6 |
| 1 Year ago | Rs1,478.75 | 6,372 | 81.8 |
| 2 Years ago | Rs1,352.70 | 6,018.3 | 81 |
| 3 Years ago | Rs675.49 | 3,069.9 | 40.6 |
| 4 Years ago | Rs665.39 | 3,228.9 | 46.6 |
| 5 Years ago | Rs544.74 | 2,738.5 | 40.6 |
5.9 Growth in annual dividends per share and earnings per share
- Infosys sees dividend rise for a second consecutive year
Infosys reported dividends per share of Rs34.0 in the past year, up 9.7% from the previous year. This is the second consecutive dividend increase. In the past 2 years average annual compound growth rate of dividends was 12.2%.
- EPS growth [FY2023 vs FY2022] of 9.7%:
| FY | EPS (Rs) | Growth % |
| 2023 | 57.63 | 9.7 |
| 2022 | 52.52 | 15.2 |
5.10 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 19.8%
| TSR % | 3 yrs | 5 yrs | 10 yrs | 20 yrs |
| INFY.NSE | 25.7 | 22.1 | 19.9 | 20.9 |
5.11 Low Debt to Equity (%)
The debt to equity ratio of 26.1% is under a safe benchmark figure of 50%. However, it has deteriorated in the past three years.
| Years | Debt to Equity (%) |
| Mar 2023 | 26.12 |
| Mar 2022 | 22.06 |
| Mar 2021 | 21.77 |
| Mar 2020 | 16.86 |
5.12 Increased VWAP, up 128% in 5 years
In the past five years Volume Weighted Average Price (VWAP) has increased by 127.5% to Rs1,419.05.
Past five years, 12 months ended Jun 09 (INR)
| Year | High Price | VWAP | Low Price |
| 2023 | 1650.42 | 1419.05 | 1169.58 |
| 2022 | 1887.16 | 1620.5 | 1351.45 |
| 2021 | 1399.44 | 1047.1 | 632.99 |
| 2020 | 773.31 | 656.56 | 470.79 |
| 2019 | 695.91 | 623.62 | 537.08 |
5.13 Increased share turnover, up 72% in 5 years
In the past five years, average daily share turnover has increased 71.5% to Rs9.4 billion ($113.8 million). This suggests increased liquidity.
Past five years, 12 months ended Jun 09 (INR billion)
| Year | Average Daily Turnover |
| 2023 | 9.4 |
| 2022 | 11.1 |
| 2021 | 11.0 |
| 2020 | 6.5 |
| 2019 | 5.5 |
5.14 Satisfies one criterion of Benjamin Graham
-"Total debt less than tangible book value"; total debt of INR198 billion (US$2.4 billion) is less than tangible book value of INR599.2 billion (US$7.3 billion).-"Total debt equal or less than twice the net quick liquidation value"; total debt of INR198 billion (US$2.4 billion) is 0.4 times the net liquidation value of INR510.81 billion (US$6.2 billion).
5.15 Year-over-year (%) Change in Dividend:
Final dividend for FY 2023 was Rs17.50. The year-on-year change was up 9.4% from Rs16.0 in the previous year FY 2022.
| Final | FY 2022 | FY 2023 |
| Dividend (INR) | 16.0 | 17.5 |
5.16 Patents see a second year of consecutive rise
Infosys was issued 16 patents in the past year, up 33.3% from the previous year. This is the second consecutive year of increase in patents. A total of 34 patents were issued to Infosys in the past 3 years. Of these 18 (or 52.9%) were issued by the USPTO and 16 (or 47.1%) were issued by the EPO.
Patents issued to Infosys in the last three years
| 12 months ended Jun 09 | No. of Patents Issued |
| 2023 | 16 |
| 2022 | 12 |
| 2021 | 6 |
In the past year the monthly average of patents issued is 1; this is 1.0 times the average of 1 patents issued in the two years prior to that.
SECTION 6 CORPORATE PROFILE
6.1 Activities
Infosys is a global leader in the "next generation" of IT and consulting with revenues of over US$ 4 billion. Infosys defines, designs and delivers technology-enabled business solutions that help Global 2000 companies win in a Flat World. Infosys also provides a complete range of services by leveraging it's domain and business expertise and strategic alliances with leading technology providers. Infosys' service offerings span business and technology consulting, application services, systems integration, product engineering, custom software development, maintenance, re-engineering, independent testing and validation services, IT infrastructure services and business process outsourcing It is India's 2nd largest IT consulting & software company by market capitalisation.
6.2 Contact Details
| Website | http://www.infosys.com |
| Physical Address | Electronics City Plot 44 and 97A Hosur Road Bangalore, 560100 India |
| Phone | 080-28520261 |
| Fax | 28520362 |
| infosys@infy.com |
6.3 Industry & Sector [of 276 stocks]
| Classification Level | Name of Sector |
| Business Sector | Software & IT Services |
| Industry Group | Software & IT Services |
| Industry | IT Services & Consulting |
| Activity | IT Services & Consulting - NEC* |
| Economic Sector | Technology |
* NEC: Not elsewhere classified
APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER
INFY: EXCEL TABLES ARE AVAILABLE TO EXPORT DATA:
+ PRICE VOLUME - 5-YEAR HISTORY
+ FINANCIALS - 10-YEAR HISTORY [INCLUDING Q4/2023]:
+ PEER COMPARISON - STOCK IN IT CONSULTING & SOFTWARE SECTOR AND STOCK IN INDICES
+ PATENTS - CATEGORISED LIST OF 5-YEAR HISTORY OF 58 :
INFY: LINKS IN HTML TO FURTHER INFORMATION:
+ NEWS ARCHIVES - INFY PAST 4 YEARS IN HTML:
+ USD vs INR EXCHANGE RATE CHARTS IN HTML
APPENDIX II STOCK IDENTIFIERS
ISIN: INE009A01021
PermID: 4295872682
RIC: INFY.NS
GLOSSARY
ADVT: Average Daily Volume of shares Traded
Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Capital Gain/Loss from n Years Ago to n-1 Years Ago: Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Current Ratio: Current Assets/Current Liabilities (times)
Debt/Equity: Net Debt/Net Assets %
Dividend Yield: Dividend Per Share/Share Price (%)
EBIT Margin : Earnings Before Interest and Tax/Revenue (%)
Earnings Yield: Earnings Per Share/Share Price (%)
Income during the n years (3/2/1): Dividends received during the Period
Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods
PCP: Previous Corresponding Period
PV1000: Present value of 1000 invested 1 year/'n' years ago
Price Close/Moving Avg Price: Latest Price/Moving Average Price
Price/Earnings: Share Price/Earnings Per Share (times)
Price/NTA: Closing Share Price/Net Tangible Assets Per Share (times)
Price/Sales: Share Price/Sales Per Share (times)
Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index
Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.
Return on Assets: Net Profit/Total Assets (%)
Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)
TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend
TTM: Trailing 12 Months
Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period
Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.
Disclaimer: While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment decision is made. The document contains unbiased, independent equities data and analysis from Jupiter International (Australia) Pty Ltd trading as BuySellSignals (AFS Licence 222756), who provide round the clock analysis on every stock, every sector, every market, every day. BuySellSignals is not a broker, and does not have executing, corporate advisory or investment banking functions. Jupiter International (Australia) Pty Ltd, its directors, employees and contractors do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate.
Data for the BuySellSignals algorithms is drawn from annual reports, company websites and similar sources of publicly available data. It should be used as a guide only.
Created by www.buysellsignals.com