Infosys (INFY: Rs1,627.95) offers earnings yield of 3.9%, hits 124-day high; +Rs6.90 [0.4%] 03 July 2024

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Infosys Ltd. (NSE: INFY Rs1,627.95) ranks 11 in the Top 20 by earnings yield stocks in the BSE SENSEX Index of 30 stocks.

Note: Earnings yield is the inverse of the P/E ratio.

Rank 11 by earnings yield in BSE SENSEX Index. Rank 1 is highest.

Last price: Rs1,627.95; FY 2024 EPS: Rs63.39;

The earnings yield of 3.9% is below the 10-year bond yield of 7.0%.

INFOSYS (INFY) Stock Dashboard [traded in Indian Rupee, INR] End-of-Day Wed, Jul 03

http://www.infosys.com

LastRs1,627.95Market CapRs6,757 billion [US$81 billion]
P/E25.7Dividend Yield % (TTM)2.8
EPS (FY2024)Rs63.39DPS (past 12 months)Rs35.5 or 3,550 paise
Shares Outstanding4,150,867,433ExchangeINDIAN [BSE, NSE]
INFY in IndicesSENSEX [of 30 stocks]SectorIT Consulting & Software [of 98 stocks]
EPS Growth (Q4 2024 vs Q3 2023)30.4Today's VI*0.9
Today's Volume6,940,000Currency1.000 USD = 83.47 Indian Rupees (INR)
Ave Daily Volume7,404,971 sharesPV$1000 (1 yr)Rs1,304
US$1,282
52-Week Price Range1,263.15 - 1,699.14

A year ago the exchange rate was USD 1 = 82.06 INR. USD1000 would have bought Rs82,060. A year ago the Infosys share price was Rs1,290.93. Rs82,060 would have bought 63.6 Infosys shares on that day. Those 63.6 shares would be worth Rs103,483 at today's share price of Rs1,627.95. At today's exchange rate of USD1=83.47 INR this is equivalent to USD1,240. Dividends reinvested are worth Rs43 ($42). PV$1000= $1,282.

INDEX

SECTION 1 CORPORATE PROFILE

SECTION 2 RECENT NEWS AND RESEARCH

SECTION 3 THE PAST YEAR: PRESS RELEASES

SECTION 4 TODAY'S BULLISH SIGNALS

SECTION 5 ONGOING BULLISH PARAMETERS

SECTION 6 TODAY'S BEARISH SIGNALS

SECTION 7 ONGOING BEARISH PARAMETERS

SECTION 8 FINANCIALS Q4 2024, FY 2024

SECTION 9 TAX & DIVIDEND

SECTION 10 TOP MANAGEMENT AND BOARD OF DIRECTORS

SECTION 11 TOP SHAREHOLDERS

Read more...

ANNEXURE

APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER

APPENDIX II STOCK IDENTIFIERS

GLOSSARY

SECTION 1 CORPORATE PROFILE

1.1 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.

1.2 Contact Details

Websitehttp://www.infosys.com
Physical AddressElectronics City Plot 44 and 97A Hosur Road Bangalore, 560100 India
Phone080-28520261
Fax28520362
Emailinfosys@infy.com

1.3 Industry & Sector [of 285 stocks]

Classification LevelName of Sector
Economic SectorTechnology
Business SectorSoftware & IT Services
Industry GroupSoftware & IT Services
IndustryIT Services & Consulting
ActivityIT Services & Consulting - NEC*

* NEC: Not elsewhere classified

SECTION 2 RECENT NEWS AND RESEARCH

Financial News

Annual Report (FY 2024):

Release Date: April 19, 2024

FY2024 Annual Report: Infosys Net Profit up 8.9%

Infosys (BSE:500209; NSE:INFY) reported net profit for the year-ended 31 March 2024 [FY2024] of INR26,233 crores ($3.1b), up 8.9% from INR24,095 crores ($2.9b) in the previous year [FY2023]. Earnings per share (EPS) were up 10% from INR57.63 (US70.18c) in FY2023 to INR63.39 (US76.06c) in FY2024.

Annual growth in Revenue, Net Profit and EPS

Year-ended31 March [FY/2024]31 March [FY/2023]
Revenue, INR158,381 crores149,468 crores
Revenue, $1,900 crores1,793 crores
Growth in Revenue %6.020.6
Net Profit, INR26,233 crores24,095 crores
Net Profit, $315 crores289 crores
Growth in Net Profit %8.99.0
EPS, INR63.3957.63
Growth in EPS %10.09.7

VI* Volume Index = Number of shares traded today/Average number of shares traded per day.

Past quarter momentum up: Infosys surges 12% on firm volume 1.3 times average.

Past month to HighLowVWAPVolume Index *
03 Jul 20241,636.001,358.351,517.351.3
03 Jun 20241,450.691,375.791,434.931.2
03 May 20241,396.961,375.791,443.551.4

[*Volume Index of 1.3 means volume for the month was 1.3 times its 12-month average]

[VWAP is defined as the Volume Weighted Average Price; High Low prices and VWAP are shown in Indian Rupees]

Stock Buzz

Other Publishers Buzz in the past week

Jul/JunHeadlinePublisher
Tue 02Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 resultsBusiness Standard
Tue 02From TCS to Infosys, IT stocks jump 2-3% on Accenture s Q3 results. Is the worst over for tech firms? Experts answerMint
Fri 28Infosys BPM opens second office in Aguadilla; Brings new jobs to the IslandYahoo Finance
Fri 28BPM Arm of Infosys Opens 2nd Office in Aguadilla, Puerto Ricoindianweb2.com
Wed 26Launched today: Infosys Aster - The AI-amplified marketing suite that delivers engaging brand experiences, enhanced marEuropa Press

SECTION 3 THE PAST YEAR: PRESS RELEASES

3.1 Press Releases and Corporate Wire

Press Release article 1 of 19, Source: Company Website, 252 words

June 25: Infosys Annual Report on Form 20-F for fiscal 2024 Available Online for ADS holders

IInfosys (NYSE: INFY) today announced that it has filed the Annual Report on Form 20-F for the year ended March 31, 2024 with the Securities and Exchange Commission (SEC). The financial statements included in the Annual Report on Form 20-F have been prepared in accordance with the International Financial Reporting Standards (IFRS) as issued by International Accounting Standards Board (IASB). The Indian Integrated Annual Report is filed with the Indian Stock Exchanges (BSE/NSE) within the statutory time limit before the Annual General Meeting and is made available on the Infosys website at www.infosys.com. The Annual Report on Form 20-F is available on the Infosys website at www.infosys.com.

As in the previous years, Infosys will furnish its Annual Reports on Form 20-F to its American Depositary Share (ADS) holders on its website in lieu of physical distribution. As allowed under New York Stock Exchange (NYSE) rules, the Company will not circulate physical copies of the Annual Report on Form 20-F to ADS holders. However, in compliance with NYSE rules, physical or email copies of Infosys' Annual Report on Form 20-F will be made available, at no cost, to ADS holders on request. Interested ADS holders may request for physical or email copies by writing to "The Company Secretary" at Infosys' registered office at Electronics City, Hosur Road, Bangalore - 560 100, India or by emailing investors@infosys.com.

Source: Company Website

Press Release article 2 of 19, Source: Company Website, 311 words

June 18: Launched today: Infosys Aster(TradeMark) - The AI-amplified marketing suite that delivers engaging brand experiences, enhanced marketing efficiency, and accelerated business growth

Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the launch of Infosys Aster(TradeMark) - a set of AI-amplified marketing services, solutions and platforms that deliver engaging brand experiences, enhanced marketing efficiency, and accelerated effectiveness for business growth. It drives AI-led transformation of marketing with integrated, real-time view across customers, brands and channels, enabling companies to increase ROI from marketing. With creative services, experience design, digital commerce, MarTech orchestration, performance marketing and marketing operations, Infosys Aster(TradeMark) brings agility to the marketing value chain for B2B and B2C brands. With Infosys Aster(TradeMark), global brands have realized up to 50% increase in repeat buyers, 30% improvement in the cost of marketing operations, and 40% increase in sales.

Deliver Engaging Brand Experiences: Infosys Aster(TradeMark) delivers lasting connections with its human experience design approach amplified by the power of technology. Utilizing advanced technologies like real-time Unreal Engine 3D, AR/VR/XR, and digital twin CGI modeling, it delivers immersive experiences that foster customer intimacy. By taking advantage of AI-powered customer and marketing data platforms, it enables brands to unlock insights from data while also drawing on the power of ecosystems to deepen omnichannel engagement. For example, as the creative partner for an international racing giant, Infosys Aster(TradeMark) created a holistic digital ecosystem - with compelling visual experiences that were highly customized for user groups - to boost engagement. Taking advantage of a dynamic content engine along with a simple ticketing system, Infosys Aster(TradeMark) helped the business turn millions of fans into lifelong customers.

Enhance Marketing Efficiency: Infosys Aster(TradeMark) combines gen AI-amplified content and creative services, intelligent recommendations from the MarTech stack, and marketing insights to deliver cost-effective campaigns faster.

Press Release article 3 of 19, Source: Company Website, 336 words

June 12: Infosys a Top 100 most valuable brand in the world by Kantar BrandZ; Ranked among the most-trusted brands in India and the US

Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been ranked, for the third consecutive year, among the 100 most valuable brands in the world, according to Kantar, the leading marketing data and analytics business, in its annual BrandZ Most Valuable Global Brands report released today. Infosys is ranked as #74 most valuable brand in the world and ranked as #20 most valuable global B2B technology brand.

"Even through a tough year of disruption and volatility globally, we stayed focused on delivering on our brand promise and let our purpose point the way for Infosys. Through the uncertainties, our clients trusted us to help them navigate their next with cutting edge digital-first, cloud-first, and AI-first approach. We remained committed to amplifying human potential and creating the next opportunity for all - people, businesses, and communities," said Sumit Virmani, EVP and Global Chief Marketing Officer, Infosys. "It's very heartening to be recognized for our endeavors and to be counted among the world's most valuable brands," he added.

This Kantar BrandZ recognition is a strong validation of the client trust that Infosys has earned, and the relevance of its capabilities - especially in domains like enterprise AI where emerging technologies like generative AI and foundational technologies like cloud continue to evolve by the day. The astute investments that brand Infosys has made in nurturing sub brands, like Infosys Topaz for generative AI-powered solutions and Infosys Cobalt for enterprise cloud, is paying rich dividends. In fact, earlier this year, Infosys was ranked a top-3 IT services brand globally, by Brand Finance, for the third year in a row.

Martin Guerrieria, Head of Kantar BrandZ, said, "Kantar BrandZ data shows that Infosys is among the top 6% of the most trusted brands in both India and the US.

Press Release article 4 of 19, Source: Company Website, 300 words

June 07: 'Girls in STEM' Mentor Program Empowers Middle School Students in Houston

The 'Girls in STEM' mentor program, a collaboration sponsored by bp and Infosys Foundation USA, recently concluded its successful 10-week mentoring program aimed at inspiring middle school girls to pursue careers in science, technology, engineering, and mathematics (STEM). The program engaged students from West Briar Middle School in Houston Independent School District (HISD) and several Alief Middle Schools, providing them with valuable insights and hands-on experiences.

Throughout the program, employees from bp and Infosys volunteered their time to mentor the young participants once a week. The mentors shared their expertise, experiences, and passion for STEM fields, guiding the students through the Learning Blade platform to explore various STEM careers. Additionally, the participants were connected with the Million Women Mentors initiative, fostering a supportive network of women in STEM.

To celebrate the program, a day-long event was organized at the bp office in Houston. Over 100 girls had the opportunity to interact with young women engineers and computer scientists. The event showcased exciting demonstrations, including robots, virtual reality experiences, and tower-building activities, providing the students with a fun and interactive learning environment.

"At bp, we want to represent the world around us and make a positive contribution to the societies and communities where we operate. We are thrilled to support the 'Girls in STEM' program in collaboration with Infosys Foundation USA to help inspire and encourage girls and young women to explore careers in science, technology, engineering, and math, and hopefully empower the next generation of female leaders in these important STEM fields." said Salem Seyoum, business advisor, EVP innovation & engineering, bp.

"The Infosys Foundation USA is proud to collaborate with bp on this first-ever corporate collaboration 'Girls in STEM' program.

Press Release article 5 of 19, Source: Company Website, 218 words

June 04: Infosys collaborates with Nihon Chouzai to expand healthcare access in Japan

Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced its collaboration with Nihon Chouzai (TSE), Japan's leading dispensing pharmacy chain, to expand healthcare access in Japan with enhanced online medication guidance services and payment solutions. As part of this collaboration, Infosys has developed a mobile application, NiCOMS, a pioneering telemedicine service that enables patients to receive remote medication guidance from registered pharmacists, eliminating the need for pharmacy visits.

Nihon Chouzai in collaboration with Infosys launched the web version of NiCOMS in September 2020. With an existing registered userbase of over 1,800,000, the mobile application will now integrate with OkusuriTechoPlus, Nihon Chouzai's digital medication notebook, by merging the account and authentication processes. Infosys adopted an agile approach to develop the NiCOMS mobile app, allowing the company to nimbly adapt to evolving requirements driven by deregulation and COVID-19. The online medication guidance service on NiCOMS allows patients across Japan to receive medication instructions, consultations, and make payments during video calls with pharmacists. The responsive user interface enhances compatibility across a wide range of terminals, operating systems, and browsers, ensuring accessibility for all users and a smooth experience across devices.

Source: Company Website

Press Release article 6 of 19, Source: National Stock Exchange of India, 158 words

May 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 May 28, 2024 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 May 28, 2024.

Source: National Stock Exchange of India

Press Release article 7 of 19, Source: National Stock Exchange of India, 157 words

May 13: 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 14, 2024 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 May 14, 2024.

Source: National Stock Exchange of India

Press Release article 8 of 19, Source: WEC, 40 words

April 19: Infosys announces dividend

Infosys today announced a special dividend of Rs8.0 per share. The ex-dividend date is Friday, May 31 and the record date is Friday, May 31, 2024.

Press Release article 9 of 19, Source: WEC, 40 words

April 19: Infosys announces dividend

Infosys today announced a final dividend of Rs20.0 per share. The ex-dividend date is Friday, May 31 and the record date is Friday, May 31, 2024.

Press Release article 10 of 19, Source: National Stock Exchange of India, 30 words

April 18: Infosys: Acquisition

Infosys Limited has informed the Exchange about Acquisition

Source: National Stock Exchange of India

Press Release article 11 of 19, Source: National Stock Exchange of India, 157 words

April 02: 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 03, 2024 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 03, 2024.

Source: National Stock Exchange of India

Press Release article 12 of 19, Source: National Stock Exchange of India, 155 words

March 26: 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 27, 2024, 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 March 27, 2024.

Source: National Stock Exchange of India

Press Release article 13 of 19, Source: National Stock Exchange of India, 157 words

March 18: 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 19, 2024 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 19, 2024.

Source: National Stock Exchange of India

Press Release article 14 of 19, Source: National Stock Exchange of India, 157 words

February 20: 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 February 21, 2024 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 February 21, 2024.

Source: National Stock Exchange of India

Press Release article 15 of 19, Source: National Stock Exchange of India, 155 words

January 17: 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 January 19, 2024, 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 January 19, 2024.

Source: National Stock Exchange of India

Press Release article 16 of 19, Source: National Stock Exchange of India, 41 words

January 11: Infosys: Financial Result Updates

Infosys Limited has submitted to the Exchange, the financial results for the period ended December 31, 2023.

Source: National Stock Exchange of India

Press Release article 17 of 19, Source: National Stock Exchange of India, 30 words

January 11: Infosys: Acquisition

Infosys Limited has informed the Exchange about Acquisition

Source: National Stock Exchange of India

Press Release article 18 of 19, Source: National Stock Exchange of India, 156 words

December 28 2023: 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 December 29, 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 December 29, 2023.

Source: National Stock Exchange of India

Press Release article 19 of 19, Source: National Stock Exchange of India, 158 words

November 28 2023: 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 November 29, 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 November 29, 2023.

Source: National Stock Exchange of India

3.2 Infosys issued 5 new patents in the past quarter

Infosys (INFY) has been issued 5 new patents by the USPTO & EPO.

This corresponds to an average of 2 patents a month, down 33.3% from an average of 3 patents per month in 2023.

To view details, click on link shown in the APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER.

SECTION 4 TODAY'S BULLISH SIGNALS

4.1 Relative Value Indicators: Undervaluation compared with sector averages

Price/Earnings of 25.7 < It Consulting & Software sector (of 101 stocks) avg of 30.8:

- The price-to-earnings ratio of 25.7 indicates undervaluation compared with sector average of 30.8.

Price/Earnings/Growth of 2.57 < It Consulting & Software sector (of 101 stocks) avg of 5.8:

- Price/Earnings/Growth of 2.57 (based on the year-on-year growth in trailing 12 months EPS of 10%) versus sector average of 5.8.

SectorDividend Yield %
Forbes 2000Stock: 2.8; Sector: 0.8undervalued

4.2 PAST WEEK: MODERATE MOMENTUM UP

INFY adds 5.7% on firm volume 1.3 times average. Compared with the BSE SENSEX Index which rose 1,417.7 points (or 1.8%) in the week, the relative price increase was 3.9%.

Infosys (INFY) outperformed the BSE SENSEX Index in 3 out of 5 days. The price ranged between a high of Rs1,627.95 on Wednesday Jul 03 and a low of Rs1,566.75 on Friday Jun 28.

DateInfosysClose [INR]Change %Comment
Wed Jul 03Offers earnings yield of 3.9%, hits 124-day high1,627.950.4Price rise on beating relative strength
Tue Jul 02Up 3.4% in 2 days, hits 123-day high1,621.051.9VI*=1.4; RPC=1.9%
Mon Jul 01Hits four-month high1,590.81.5Price rise on beating relative strength
Fri Jun 28Decreases Rs7.25 on average volume1,566.75-0.4Steepest Fall; VI*=1.2
Thu Jun 27Offers earnings yield of 4%, hits 101-day high1,573.352.1Top Rise; VI*=2.1; RPC=1.3%

* RPC - Relative Price Change is % price change of stock less % change of the BSE SENSEX Index.

[Volume Index (VI); 1 is average]

4.3 Rank in the top 7% by Relative Valuation in the Indian market

DescriptionValueRank
Dividend Yield %2.8%In Top 7%

4.4 Rank in the top 23% by Price Performance in the Indian market

DescriptionValueRank
1-week Price Change %5.7In Top 23%

4.5 Top three traded call options [1 contract is 400 shares]

Exercise PriceExercise DateOption PriceChange %Contracts Traded
Rs1,620.0July 25, 2024Rs45.3540.018704
Rs1,600.0July 25, 2024Rs55.6035.318663
Rs1,700.0July 25, 2024Rs17.6053.716120

4.6 Uptrend

The stock traded at a six-month high of Rs1,636.0 today.

Price/Moving Average Price of 1.1 and positive MACD:

- The Price/MAP 200 for Infosys is 1.1. Being higher than 1 is a bullish indicator. The 200-day MAP has increased to Rs1,483.40, a second bullish indicator.

- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 1,561.91 minus the 26-day EMA of 1,519.48 is positive, suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal.

- The price to 50-day EMAP ratio is 1.1, a bullish indicator. The 50-day EMAP has increased to Rs1,494.74. An increase is another bullish indicator.

Past Quarter:

The Best 3 weeks in the past quarter

The past month witnessed the best 3 weeks in the past quarter. In the past quarter the week beginning Monday June 03 saw the highest weekly rise of 9% for a relative price increase of 5.3%. The rise was propped up by volume of 2.1 times average.

Mon-FriChange %BSE SENSEX Index Change %Vol Ind [1 is avg]
Jun 03-0793.72.1
Jun 17-212.90.31.3
Jun 24-282.22.31.1

4.7 Other Bullish Signals

- Return on Equity of 29.7% versus sector average of 27.3% and market average of 8.2%.

- Total Liabilities/EBITDA of 1.2 is less than 5, this compares favourably with the Joseph Piotroski benchmark of 5.

- Return on Assets of 19% versus sector average of 17.8% and market average of 0.9%.

- Net profit margin has averaged 16.9% 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 29.7%. This is computed as net profit margin of 16.6% times asset turnover [sales/assets] of 1.1 times leverage factor [total assets/shareholders' equity] of 1.6.

SECTION 5 ONGOING BULLISH PARAMETERS

5.1 Rank in the top 94% by Liquidity in the Indian market

DescriptionValueRank
Ave daily turnoverRs11 billion ($128 million)In top 94%

5.2 Rank in the top 8% by Size in the Indian market

DescriptionValueRank
Ave daily TurnoverRs11.3 billion ($135.4 million)In Top 1%
Tr 12 months RevenueRs1,571.9 billion ($18.8 billion)In Top 2%
MCap$81 billionIn Top 8%

5.3 Rank in the top 23% by Performance in the Indian market

DescriptionValueRank
EBITDA Margin %25.7In Top 22%
Net Profit Margin %16.6In Top 23%

5.4 Rank in the top 6% by Productivity in the Indian market

DescriptionValueRank
Return on Capital Employed [ROCE] %36.3In Top 4%
Return on Equity [ROE] %29.7In Top 6%
Return on Assets [ROA] %19In Top 6%

5.5 INR1000 in Infosys grows to Rs3,139,523 in 29 years

Infosys closed at Rs0.60 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 Rs3,139,523 including a capital gain of Rs2,710,489 and dividends reinvested of Rs428,034. This corresponds to an outstanding average annualized return of 31.5%.

5.6 Present Value of Rs1000 Invested in the Past [3 Mo, 1 Yr, 3 Yrs]; The Best Periods with PVRs1000 > 1,143

PVRs1,0003 mo ago1 yr ago3 yrs ago
INFY.NSERs1,144Rs1,304Rs1,212
It Consulting & Software sectorRs1,049Rs1,226Rs1,211
BSE SENSEX IndexRs1,089Rs1,226Rs1,524

5.7 The Best Periods [3 Mo, 1 Yr] with Price Change % > 12

1-Year price change of 26.1% for Infosys outperformed the change of 23.6% in the BSE SENSEX Index for a relative price change of 2.5%.

Price Change %QuarterYear
Infosys12.126.1
IT Consulting & Software sector4.922.6
BSE SENSEX Index7.623.6

5.8 MCap: 5-Year Increase of Rs3,525 B [$42B] (109%)

In the past 5 years Market Capitalization has increased by Rs3,524.6 billion (109%) from Rs3,232.8 billion to Rs6,757.4 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 3 out of 5 years.

PriceMCap (INR B)MCap ($ B)
LastRs1,627.956,757.481
1 Year agoRs1,290.935,534.967.6
2 Years agoRs1,397.706,224.878.8
3 Years agoRs1,452.826,677.989.6
4 Years agoRs686.253,222.142.7
5 Years agoRs653.953,232.846.9

5.9 Growth in annual dividends per share and earnings per share

- Infosys sees dividend rise for a fourth consecutive year

Infosys reported dividends per share of Rs46.0 in the past year, up 35.3% from the previous year. This is the fourth consecutive dividend increase. In the past 4 years average annual compound growth rate of dividends was 27.3%.

- EPS growth [FY2024 vs FY2023] of 10.0%:

FYEPS (Rs)Growth %
202463.3910.0
202357.639.7

5.10 Sequential growth in EPS [Q4/2024 vs Q3/2023] of 30.4%:

The most recent quarter (Q4/2024) showed a rise of 30.4% in sequential growth of Quarterly EPS.
Quarterly ReportEPS (Rs)Growth %
Q4/202419.2530.4
Q3/202314.76-1.7

5.11 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 6.5%

TSR %1 yr3 yrs5 yrs10 yrs20 yrs
INFY.NSE30.46.623.22018.8

5.12 Improved EBIT Margins:

EBIT margin is positive and has increased from 22.7% to 23.4% in the past year.

FYEBIT Margins (%)
202423.4
202322.7
202224.8
202126.5
202024.2

5.13 Low Debt to Equity (%) and Reducing

The debt to equity ratio of 28.6% is under a safe benchmark figure of 50%. Moreover, it has improved from 35.4% a year ago.

YearsDebt to Equity (%)
Mar 202428.62
Mar 202335.43
Mar 202222.06
Mar 202121.77
Mar 202016.86

5.14 Increased VWAP, up 129% in 5 years

In the past five years Volume Weighted Average Price (VWAP) has increased by 128.8% to Rs1,455.46.

Past five years, 12 months ended Jul 03 (INR)

YearHigh PriceVWAPLow Price
20241699.141455.461263.15
20231597.51367.61132.08
20221826.651568.251291.65
20211474.311062.51690.7
2020748.51635.99455.7

5.15 Increased share turnover, up 60% in 5 years

In the past five years, average daily share turnover has increased 59.7% to Rs10.5 billion ($125.8 million). This suggests increased liquidity.

Past five years, 12 months ended Jul 03 (INR billion)

YearAverage Daily Turnover
202410.5
20239.0
202210.6
202110.8
20206.6

5.16 Quarterly Trend in Revenue, Net Profit and Net Profit Margin:

- Revenue growth and Net Profit margin are positive and have seen consecutive rises in recent quarters. [All figures in %]

Qtr-endedRevenue GrowthNet Profit GrowthNet Profit Margin
Mar 24 [Q4 vs Q3]2.630.519.6
Dec 23 [Q3 vs Q2]1.6-1.715.4

5.17 Satisfies two criteria of Benjamin Graham

-"Total debt less than tangible book value"; total debt of INR253.2 billion (US$3 billion) is less than tangible book value of INR732.1 billion (US$8.8 billion).-"Current ratio of two or more"; current assets are 2.3 times current liabilities.

-"Total debt equal or less than twice the net quick liquidation value"; total debt of INR253.2 billion (US$3 billion) is 0.4 times the net liquidation value of INR641.14 billion (US$7.7 billion).

5.18 Year-over-year (%) Change in Dividend:

Final dividend for FY 2024 was Rs20.0. The year-on-year change was up 14.3% from Rs17.50 in the previous year FY 2023.

FinalFY 2023FY 2024
Dividend (INR)17.520.0

5.19 Patents see a third year of consecutive rise

Infosys was issued 31 patents in the past year, up 55.0% from the previous year. This is the third consecutive year of increase in patents. A total of 69 patents were issued to Infosys in the past 4 years. Of these 18 (or 26.1%) were issued by the USPTO and 51 (or 73.9%) were issued by the EPO.

Patents issued to Infosys in the last four years

12 months ended Jul 03No. of Patents Issued
202431
202320
202212
20216

In the past year the monthly average of patents issued is 3; this is 3.0 times the average of 1 patents issued in the three years prior to that.

SECTION 6 TODAY'S BEARISH SIGNALS

6.1 Relative Value Indicators: Overvaluation compared with sector averages

6.2 Relative Value Indicators: Overvaluation compared with Index averages and bond yield

- Earnings yield of 3.9% is less attractive compared with the Indian average earning yield of 4.6%.

- The earnings yield of 3.9% is below the 10-year bond yield of 7.0%.

(All figures in %)

Earnings Yield3.9
Indian avg4.6
Dividend Yield2.8
Bond Yield7.0

SectorP/E
Forbes 2000Stock: 25.7; Sector: 20.8overvalued

6.3 Rank in the bottom 16% by Relative Valuation in the Indian market

DescriptionValueRank
Price/Earnings/Growth2.57In Bottom 16%
P/E * P/NTA237.03In Bottom 14%
Price to Book Value9.2In Bottom 12%

6.4 Put Call Contracts

The Put/Call ratio has jumped from 0.583 to 0.638 suggesting a downtrend.

Put ContractsCall ContractsPut/Call ratio
Today6,898,40010,811,2000.638
Previous day5,998,40010,286,4000.583

6.5 Downtrend

Trailing Relative Strength (6 months) at 27 percentile:

- The stock has a 6-month relative strength of 27 in the Indian market of 3,915 stocks indicating it is trailing 73% of the market.

6.6 Other Bearish Signals

MCap/Total Assets:

- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 4.9. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

6.7 Overbought/Bearish/Resistance Signals:

- At Rs1,627.95 the price has risen above the upper Bollinger band resistance of Rs1,626.74, indicating a downside risk for it to fall back within the band.

- The Relative Strength Index (RSI) of 89.7 has penetrated the overbought line of 70, suggesting the price gain of 9% in the last 14 days is unusually high.

- The stock is overbought according to the Williams % R indicator of -5.4, suggesting the price is close to its 14-day high of Rs1,636.0.

- The Money Flow Index [MFI] is 91.3 suggesting an overbought 14-day trend, being above 80. The Money Ratio of 10.5 suggests positive money flow was 10.5 times negative money flow.

SECTION 7 ONGOING BEARISH PARAMETERS

7.1 Rank in the bottom 16% by Growth in the Indian market

DescriptionValueRank
EPS Growth %10In Bottom 16%

7.2 P/E/G > 1

The price earnings ratio of 25.7 divided by trailing twelve months eps growth of 10.0% corresponds to P/E/G of 2.6 times.

EPS Growth (%)9.99
P/E/G2.57
P/E25.68

7.3 Declining Volume, down 30% in 5 years

In the past five years, Average Daily Volume of Trading (ADVT) has decreased 30.4% to 7.4 million shares.

Avg. Daily Volume Traded 12 months ended Jul 03, million shares

YearADVT
20247.4
20236.7
20226.9
202110.2
202010.6

7.4 Satisfies 3 out of 9 criteria of Joseph Piotroski [pass mark 5]:

- Positive net income.

- Positive operating cashflow.

- Improvement in current ratio from 1.8 to 2.3.

But does not meet the following 6 criteria of Joseph Piotroski:

- Return on Assets improvement.

- Good quality of earnings [operating cashflow exceeds net income].

- Improvement in long-term debt to total assets.

- Total shares on issue unchanged (or reduction in total shares on issue).

- Improvement in gross margin.

- Improvement in asset turnover.

SECTION 8 FINANCIALS Q4 2024, FY 2024

8.1 Quarterly Financials (Q4/2024)

Infosys reports 31% sequential rise in Quarterly Net Profit

Release Date: April 19, 2024

Infosys (BSE:500209; NSE:INFY), announced net profit of INR7,969 crores ($956m) for the quarter-ended 31 March 2024 [Q4/2024], up 31% from the previous quarter [Q3/2023] and up 30% from the year-earlier period [Q4/2023]. Earnings per share (EPS) were up 30.4% sequentially from INR14.76 (US17.97c) in Q3/2023 to INR19.25 (US23.1c) in Q4/2024.

Quarterly Report (Q4 2024)

Quarter-ended31 Mar [Q4/2024]31 Dec [Q3/2023]30 Sep [Q2/2023]
EPS, INR19.214.815.0
Sequential growth in EPS %30-1.74.5
Revenue, INR40,652 crores39,610 crores38,994 crores
Revenue, $ billion4.94.84.7
Sequential growth in Revenue %2.61.62.8
Net Profit, INR7,969 crores6,106 crores6,212 crores
Net Profit, $ million956733745
Sequential growth in Net Profit %30.5-1.74.5

Compared with the Previous Corresponding Period [PCP; Q4/2023], year-over-year [y.o.y.] EPS was up 30.2%, Revenue was up 6.7% and Net Profit was up 30%.

Quarter-ended31 Mar [Q4/2024]31 Mar [Q4/2023]
EPS, INR19.214.8
PCP growth in EPS %309.1
Revenue, INR40,652 crores38,112 crores
Revenue, $ billion4.94.6
PCP growth in Revenue %6.715.8
Net Profit, INR7,969 crores6,128 crores
Net Profit, $ million956735
PCP growth in Net Profit %30.07.8

Currency Conversion (March 31, 2024): $1 = INR83.35; 1 crore = 10,000,000 and $1 million = Rs8.33 crores.

Currency Conversion (March 31, 2023): $1 = INR82.12

8.2 Financials, FY 2024 [year-ended 31 March 2024 ]

Infosys Net Profit up 8.9%

Release Date: April 19, 2024

Infosys (BSE:500209; NSE:INFY) reported net profit for the year-ended 31 March 2024 [FY2024] of INR26,233 crores ($3.1b), up 8.9% from INR24,095 crores ($2.9b) in the previous year [FY2023]. Earnings per share (EPS) were up 10% from INR57.63 (US70.18c) in FY2023 to INR63.39 (US76.06c) in FY2024.

8.3 Annual growth in Revenue, Net Profit and EPS

Year-ended31 March [FY/2024]31 March [FY/2023]
Revenue, INR158,381 crores149,468 crores
Revenue, $1,900 crores1,793 crores
Growth in Revenue %6.020.6
Net Profit, INR26,233 crores24,095 crores
Net Profit, $315 crores289 crores
Growth in Net Profit %8.99.0
EPS, INR63.3957.63
Growth in EPS %10.09.7

Major changes compared with previous year (FY2024 vs FY2023):

Favourable Changes:

- Net profit up 8.9% from INR24,095.0 crores ($2.9b) to INR26,233.0 crores ($3.1b)

- Total revenue up 6% from INR149,468.0 crores ($18.2b) to INR158,381.0 crores ($19.0b)

- EPS up 10% from INR57.63 (US70.18c) to INR63.39 (US76.06c)

- EBIT Margin up from 22.7% to 23.4%

- Profit before tax to Sales up from 22.7% to 23.4%

Unfavourable Changes:

- Total revenue to total assets down from 1.2 to 1.1

- Sales and marketing expenses to Sales up from 1.5% to 1.6%

- Total non-current assets to Total Assets down from 43.7% to 35.1%

Year-on-year comparison of Performance Ratios [FY2024 vs FY2023]

March 31FY2024FY2023Change (%)
Return on Equity (%)29.731.8Down 6.6
Return on Assets (%)1919.2Down 1
Total debt to net tangible assets (%)34.644.8Down 22.8
Debt/Equity (Down 17.1% from 0.35 to 0.29)0.30.3Down 17.1
Common Size Ratios by Assets %
Current Debtors to Total Assets 21.9 20.2 Up 8.4
Long-term investments to Total Assets 10.7 12.2 Down 12.4
Future income tax benefit to Total Assets 0.3 1.0 Down 69.7
Non-current inventory to Total Assets 0.2 0.2 Down 12.6

Currency Conversion (March 31, 2024): $1 = INR83.35; 1 crore = 10,000,000 and $1 million = Rs8.33 crores.

Currency Conversion (March 31, 2023): $1 = INR82.12

Five-year record of growth and performance:

In the last 5 years Total Revenue averaged INR125,610.4Cr ($15.1B), EBITDA averaged INR33,318.8Cr ($4B) and Net Profit averaged INR21,712.8Cr ($2.6B). Compound Annual Growth Rate (CAGR) averaged 13.9% for Total Revenue, 11.2% for Net Profit and 14.1% for EBITDA.

DescriptionAnnual (INR Cr)Annual ($ B)5-year Avg (INR Cr)5-year Avg ($ B)5-year CAGR %
Total Revenue158,38119125,610.415.113.9
EBITDA40,6664.933,318.8414.1
Operating Profit35,9884.329,6113.611.3
Net Profit26,2333.121,712.82.611.2

Five-year record of EBITDA, Operating Profit, Net Profit, ROE, ROA and ROCE

In 2024 Net Profit Margin of 17.1% was below its 5-year Avg of 17.5% (All Figures in %)

Description20245-year Avg
EBITDA Margin25.726.7
Operating Profit Margin23.423.8
Net Profit Margin17.117.5
Return on Equity29.728.3
Return on Assets1918.6
Return on Capital Employed36.334.5

SECTION 9 TAX & DIVIDEND

9.1 Average Income Tax Paid (Past 5 Years)

In the past 5 years, Income Tax as % of profit before tax increased from 24.4% to 27.1% and Income Tax as % of operating cash flow increased from 21.6% to 24.0%.

Description20242023202220212020
As % of profit before tax27.127.726.427.124.4
As % of operating cash flow2424.523.724.121.6

The 5-year average of profit before tax was 26.5%.

9.2 Dividend History

In the past 5 years annual dividends have increased by INR28.5 from INR17.5 to INR46.0. Based on a start date of 5 years ago, there has been no decline in dividends over the last 5 years.

DateValue (INR)Type
31 May 20248Special
31 May 202420Final
25 Oct 202318Interim
Tr 12 Months46
2022 - 202334
2021 - 202231
2020 - 202127
2019 - 202017.5

SECTION 10 TOP MANAGEMENT AND BOARD OF DIRECTORS

10.1 Top Management

Top Management [One top executive with tenure > 6 yrs]

NameDesignationSince Appointment
Nandan NilekaniChairman, Co-Founder6 Yrs, 10 Mos

Top Management [Two top executives with tenure < 1 yr]

NameDesignationSince Appointment
Jayesh SanghrajkaChief Financial Officer3 Mos
Salil S. ParekhChief Executive Officer, Managing Director-

10.2 Board Of Directors

Board Of Directors [Nine directors with tenure < 4 yrs]

NameSince Appointment
Chitra Nayak3 Yrs, 3 Mos
Nitin Paranjpe6 Mos
Govind Iyer1 Yr, 5 Mos
Ravi Venkatesan-
Punita Kumar-Sinha-
D N Prahlad-
D Sundaram-
Roopa Kudva-
Kiran Mazumdar-Shaw-

10.3 Resignations in the Past Year

NameDesignationDate of Resignation
Nilanjan RoyChief Financial Officer31 March 2024
Uri LevineIndependent Director19 April 2023

SECTION 11 TOP SHAREHOLDERS

Top 13 shareholders

Name of the Share HolderNumber Of Shares% of Capital
Life Insurance Corporation of India3661804828.8
SBI MUTUAL FUND1806556374.4
ICICI PRUDENTIAL MUTUAL FUND1076472112.6
GOVERNMENT OF SINGAPORE920929372.2
National Pension System Trust685722531.7
UTI MUTUAL FUND642251871.6
HDFC MUTUAL FUND603879881.5
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND476929741.2
VANGUARD EMERGING MARKETS STOCK INDEX FUND473749581.1
GOVERNMENT PENSION FUND GLOBAL463038491.1
SBI LIFE INSURANCE CO. LTD445511811.1
ADITYA BIRLA SUN LIFE TRUSTEE417122811.0
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED415697791.0

% held by Top 13 shareholders 29.3%

APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER

INFY: EXPORT DATA TO EXCEL:

+ PRICE VOLUME - 5-YEAR HISTORY

+ FINANCIALS - 10-YEAR HISTORY [INCLUDING Q4/2024]:

+ PEER COMPARISON

+ PATENTS - CATEGORISED LIST OF 5-YEAR HISTORY OF 74 :

INFY: OTHER INFORMATION:

+ NEWS ARCHIVES - INFY PAST 4 YEARS:

+ PRICE VOLUME CHARTS

+ USD vs INR EXCHANGE RATE CHARTS IN HTML

+ BOARD OF DIRECTORS

APPENDIX II STOCK IDENTIFIERS

ISIN: INE009A01021

PermID: 4295872682

RIC: INFY.NS

LEI: 335800TYLGG93MM7PR89

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

Volatility: Highest Price minus Lowest Price/Lowest Price (%)

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.

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