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Infosys

BSE:500209
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
500209
BSE
₹3,114B
Market Cap
  1. Home
  2. IN
  3. Software
Company description

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. The last earnings update was 4 days ago. More info.


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500209 Share Price and Events
7 Day Returns
-4.2%
BSE:500209
2.6%
IN IT
0.8%
IN Market
1 Year Returns
21.6%
BSE:500209
19.3%
IN IT
-0.7%
IN Market
500209 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Infosys (500209) -4.2% -3.5% -3.5% 21.6% 18% 80.6%
IN IT 2.6% 4.3% 8.9% 19.3% 49.1% 80.2%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • 500209 outperformed the IT industry which returned 19.3% over the past year.
  • 500209 outperformed the Market in India which returned -0.7% over the past year.
Price Volatility
500209
Industry
5yr Volatility vs Market

500209 Value

 Is Infosys undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Infosys to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Infosys.

BSE:500209 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 45 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:500209
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.054 (1 + (1- 35%) (0%))
1.036
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.036 * 8.6%)
16.46%

Discounted Cash Flow Calculation for BSE:500209 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Infosys is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:500209 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 16.46%)
2019 1,866.50 Analyst x26 1,602.65
2020 1,997.14 Analyst x25 1,472.41
2021 2,170.98 Analyst x27 1,374.31
2022 2,388.99 Analyst x9 1,298.53
2023 2,578.20 Est @ 7.92% 1,203.28
2024 2,779.52 Est @ 7.81% 1,113.86
2025 2,994.42 Est @ 7.73% 1,030.34
2026 3,224.29 Est @ 7.68% 952.61
2027 3,470.59 Est @ 7.64% 880.42
2028 3,734.78 Est @ 7.61% 813.51
Present value of next 10 years cash flows $11,741.92
BSE:500209 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $3,734.78 × (1 + 7.55%) ÷ (16.46% – 7.55%)
$45,063.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $45,063.26 ÷ (1 + 16.46%)10
$9,815.69
BSE:500209 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $11,741.92 + $9,815.69
$21,557.61
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $21,557.61 / 4,343.32
$4.97
BSE:500209 Discount to Share Price
Calculation Result
Exchange Rate USD/INR
(Reporting currency to currency of NSEI:INFY)
69.385
Value per Share
(INR)
= Value per Share in USD x Exchange Rate (USD/INR)
= $4.96 x 69.385
₹344.39
Non-primary Listing Adjustment Factor 1 share in BSE:500209 represents 0.99909x of NSEI:INFY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99909x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 344.39 x 0.99909
₹344.07
Value per share (INR) From above. ₹344.07
Current discount Discount to share price of ₹716.40
= -1 x (₹716.40 - ₹344.07) / ₹344.07
-108.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Infosys is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Infosys's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Infosys's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:500209 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.51
NSEI:INFY Share Price ** NSEI (2019-04-18) in INR ₹717.05
NSEI:INFY Share Price converted to USD reporting currency Exchange rate (INR/ USD) 0.014 $10.33
India IT Industry PE Ratio Median Figure of 84 Publicly-Listed IT Companies 16.19x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Infosys.

BSE:500209 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:INFY Share Price ÷ EPS (both in USD)

= 10.33 ÷ 0.51

20.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Infosys is overvalued based on earnings compared to the IN IT industry average.
  • Infosys is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Infosys's expected growth come at a high price?
Raw Data
BSE:500209 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 45 Analysts
9.7%per year
India IT Industry PEG Ratio Median Figure of 21 Publicly-Listed IT Companies 1.32x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

BSE:500209 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.43x ÷ 9.7%

2.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Infosys is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Infosys's assets?
Raw Data
BSE:500209 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $2.17
NSEI:INFY Share Price * NSEI (2019-04-18) in INR ₹717.05
NSEI:INFY Share Price converted to USD reporting currency Exchange rate (INR/ USD) 0.014 $10.33
India IT Industry PB Ratio Median Figure of 108 Publicly-Listed IT Companies 1.36x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
BSE:500209 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:INFY Share Price ÷ Book Value per Share (both in USD)

= 10.33 ÷ 2.17

4.77x

* Primary Listing of Infosys.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Infosys is overvalued based on assets compared to the IN IT industry average.
X
Value checks
We assess Infosys's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Infosys has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

500209 Future Performance

 How is Infosys expected to perform in the next 1 to 3 years based on estimates from 45 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Infosys expected to grow at an attractive rate?
  • Infosys's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Infosys's earnings growth is positive but not above the India market average.
  • Infosys's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:500209 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:500209 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 45 Analysts 9.7%
BSE:500209 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 45 Analysts 9.3%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:500209 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 45 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:500209 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 15,715 2,887 2,939 16
2021-03-31 14,249 2,668 2,660 45
2020-03-31 13,015 2,447 2,396 45
BSE:500209 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 11,799 2,262 2,199
2018-12-31 11,545 2,194 2,189
2018-09-30 11,313 2,241 2,483
2018-06-30 11,119 2,244 2,479
2018-03-31 10,939 2,257 2,486
2017-12-31 10,703 2,289 2,458
2017-09-30 10,499 2,179 2,209
2017-06-30 10,358 2,291 2,170
2017-03-31 10,208 2,099 2,140
2016-12-31 10,085 2,114 2,130
2016-09-30 9,942 2,041 2,107
2016-06-30 9,746 1,969 2,087

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Infosys's earnings are expected to grow by 9.7% yearly, however this is not considered high growth (20% yearly).
  • Infosys's revenue is expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:500209 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 45 Analyst Estimates (S&P Global) See Below

All data from Infosys Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500209 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 0.70 0.75 0.64 12.00
2021-03-31 0.63 0.70 0.58 29.00
2020-03-31 0.56 0.62 0.52 30.00
BSE:500209 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.51
2018-12-31 0.50
2018-09-30 0.56
2018-06-30 0.56
2018-03-31 0.55
2017-12-31 0.54
2017-09-30 0.48
2017-06-30 0.47
2017-03-31 0.47
2016-12-31 0.47
2016-09-30 0.46
2016-06-30 0.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Infosys is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Infosys's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Infosys has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

500209 Past Performance

  How has Infosys performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Infosys's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Infosys's year on year earnings growth rate has been positive over the past 5 years.
  • Infosys's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Infosys's 1-year earnings growth is negative, it can't be compared to the IN IT industry average.
Earnings and Revenue History
Infosys's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Infosys Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:500209 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 11,799.00 2,199.00 1,281.00
2018-12-31 11,545.00 2,189.00 1,233.00
2018-09-30 11,313.00 2,483.00 1,196.00
2018-06-30 11,119.00 2,479.00 1,178.00
2018-03-31 10,939.00 2,486.00 1,152.00
2017-12-31 10,703.00 2,458.00 1,145.00
2017-09-30 10,499.00 2,209.00 1,137.00
2017-06-30 10,358.00 2,170.00 1,114.00
2017-03-31 10,208.00 2,140.00 1,097.00
2016-12-31 10,085.00 2,130.00 1,081.00
2016-09-30 9,942.00 2,107.00 1,066.00
2016-06-30 9,746.00 2,087.00 1,056.00
2016-03-31 9,501.00 2,052.00 1,040.00
2015-12-31 9,214.00 2,017.00 1,030.00
2015-09-30 9,024.00 2,015.00 1,008.00
2015-06-30 8,834.00 2,007.00 997.00
2015-03-31 8,711.00 2,013.00 978.00
2014-12-31 8,644.00 2,002.00 908.00
2014-09-30 8,526.00 1,943.00 882.00
2014-06-30 8,391.00 1,815.00 876.00
2014-03-31 8,249.00 1,751.00 901.00
2013-12-31 8,095.00 1,708.00 839.00
2013-09-30 7,906.00 1,679.00 840.00
2013-06-30 7,637.00 1,727.00 801.00
2013-03-31 7,398.00 1,725.00 777.00
2012-12-31 7,231.00 1,744.00 805.00
2012-09-30 7,126.00 1,768.00 789.00
2012-06-30 7,075.00 1,748.00 793.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Infosys has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Infosys used its assets more efficiently than the IN IT industry average last year based on Return on Assets.
  • Infosys has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Infosys's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Infosys has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

500209 Health

 How is Infosys's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Infosys's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Infosys is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Infosys's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Infosys's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Infosys has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Infosys Company Filings, last reported 3 weeks ago.

BSE:500209 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 9,400.00 0.00 3,787.00
2018-12-31 9,320.00 0.00 3,764.00
2018-09-30 8,988.00 0.00 3,508.00
2018-06-30 8,862.00 0.00 3,415.00
2018-03-31 9,960.00 0.00 4,023.00
2017-12-31 9,544.00 0.00 3,615.00
2017-09-30 11,084.00 0.00 5,432.00
2017-06-30 10,609.00 0.00 5,188.00
2017-03-31 10,637.00 0.00 5,027.00
2016-12-31 9,644.00 0.00 4,487.00
2016-09-30 9,730.00 0.00 5,086.00
2016-06-30 9,076.00 0.00 4,681.00
2016-03-31 9,324.00 0.00 4,946.00
2015-12-31 8,777.00 0.00 4,523.00
2015-09-30 8,743.00 0.00 4,655.00
2015-06-30 8,462.00 0.00 4,537.00
2015-03-31 8,762.00 0.00 4,999.00
2014-12-31 8,215.00 0.00 5,319.00
2014-09-30 8,192.00 0.00 5,232.00
2014-06-30 7,900.00 0.00 4,728.00
2014-03-31 7,933.00 0.00 4,841.00
2013-12-31 7,231.00 0.00 4,236.00
2013-09-30 6,900.00 0.00 4,133.00
2013-06-30 6,832.00 0.00 3,968.00
2013-03-31 7,331.00 0.00 4,341.00
2012-12-31 6,813.00 0.00 4,079.00
2012-09-30 6,813.00 0.00 4,257.00
2012-06-30 6,057.00 0.00 3,695.00
  • Infosys has no debt.
  • Infosys has not taken on any debt in the past 5 years.
  • Infosys has no debt, it does not need to be covered by operating cash flow.
  • Infosys has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Infosys's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Infosys has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

500209 Dividends

 What is Infosys's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3%
Current annual income from Infosys dividends. Estimated to be 3.36% next year.
If you bought ₹2,000 of Infosys shares you are expected to receive ₹60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Infosys's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Infosys's dividend is above the markets top 25% of dividend payers in India (1.93%).
Upcoming dividend payment

Purchase Infosys before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:500209 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 45 Analyst Estimates (S&P Global) See Below
India IT Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 1.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:500209 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.36 13.00
2021-03-31 0.36 32.00
2020-03-31 0.33 32.00
BSE:500209 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-12 0.310 2.951
2019-01-11 0.296 2.882
2018-04-13 0.255 2.712
2017-04-13 0.196 2.588
2016-04-18 0.176 2.312
2015-10-12 0.180 2.212
2015-05-20 0.181 2.219
2015-04-29 0.173 2.260
2015-04-24 0.175 2.253
2014-10-10 0.143 1.732
2014-05-09 0.127 1.867
2013-10-11 0.092 1.370
2013-04-12 0.076 1.585
2012-10-12 0.083 1.438
2012-04-13 0.081 1.542
2011-10-12 0.082 1.263
2011-04-18 0.076 1.131
2010-10-15 0.068 0.797
2010-04-13 0.079 1.073
2009-04-28 0.068 1.188
2009-04-22 0.067 1.890

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Infosys's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Infosys's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Infosys afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Infosys has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

500209 Management

 What is the CEO of Infosys's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Salil Parekh
COMPENSATION $3,278,879
AGE 54
TENURE AS CEO 1.3 years
CEO Bio

Mr. Salil Satish Parekh has been the Chief Executive Officer, Managing Director and Whole-time Director of Infosys Limited since January 2, 2018. Mr. Parekh sets and evolves the strategic direction for the Infosys and its portfolio of offerings, while leading the team to drive its execution. Mr. Parekh was Head of Cloud Infrastructure Services, Sogeti & Cloud Services and Head of Asia-Pacific, North America and United Kingdom at Capgemini SE (a/k/a, Cap Gemini S.A.) since October 22, 2016 and served as its Member of Group Management Board. Mr. Parekh served as Head of Applications Services One, Infrastructure Services, Sogeti and Cloud Services at Capgemini Australia Pty Limited. Mr. Parekh has nearly three decades of global experience in the IT services industry, driving digital transformation for enterprises, executing business turnarounds and managing successful acquisitions. Mr. Parekh also served as the Chief Executive Officer of Application Services North America, UK, Asia Pacific and Global Financial Services at Capgemini India Private Limited and Capgemini Consulting India Private Limited. He served as Chief Executive Officer of Application Services for UK, North America, Asia Pacific and Global Financial Services at Cap Gemini S.A. from January 2011 to October 22, 2016. He was responsible for overseeing a business cluster comprising Application Services (North America, UK, Asia), Cloud Infrastructure Services, and Sogeti (Technology & Engineering Services Division). He was responsible for the strategy and execution of these businesses – setting direction and enabling rapid client adoption. He was the Architect of the North America growth and turnaround strategy, and was instrumental in setting up their offshoring capabilities. He was also the Chairman of Capgemini’s North America Executive Council. Mr. Parekh served as the Chief Executive Officer of Asia pacific and Financial Services at Cap Gemini S.A. Mr. Parekh served as the Executive Chairman and Director of Capgemini India Private Limited of Capgemini U.S. LLC since February 2007. Mr. Parekh served as Director of Coordination Capgemini - Kanbay in India and Head of Capgemini strategic business unit of Cap Gemini S.A. He served as Chief Executive Officer, North American Project & Consulting Business Unit of Cap Gemini S.A., since September 25, 2006 and served as its Chief Operating Officer of North America. He served as Head of Financial Services Global Business Unit - India & Asia Pacific of Cap Gemini S.A. He served as Global Head of Technology Services, Chief Operating Officer for Asia Pacific, Chief Executive Officer of India at Cap Gemini S.A. and an Head and Partner in the financial services practice in the US. Mr. Parekh served as a Partner of Ernst & Young. He was widely credited for bringing scale and value to the Indian operations of the consultancy firm. Most recently, Mr. Parekh was a Member of the Group Executive Board at Capgemini, where he held several leadership positions for 25 years. He worked at Capgemini India Private Limited for 14 years, starting with Ernst & Young in 1992 and was part of the consulting business that was acquired by Capgemini in 2000. He was Non-Executive Director of Capgemini Technology Services India Limited since May 4, 2017. He was a Director at Capgemini Australia Pty. Limited since January 1, 2009. He served as a member of the Financial Services practice in New York. Mr. Parekh has a Master of Engineering in Computer Science and Mechanical Engineering from Cornell University (Ithaca, NY), and a Bachelor of Technology degree in Aeronautical Engineering from the Indian Institute of Technology in Powai.

CEO Compensation
  • Insufficient data for Salil to compare compensation growth.
  • Salil's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Infosys management team in years:

2.5
Average Tenure
52.5
Average Age
  • The tenure for the Infosys management team is about average.
Management Team

Salil Parekh

TITLE
MD, CEO & Director
COMPENSATION
$3M
AGE
54
TENURE
1.3 yrs

Ravi Singisetti

TITLE
President & Deputy COO
COMPENSATION
$2M
AGE
47
TENURE
2.5 yrs

Mohit Joshi

TITLE
President
COMPENSATION
$2M
AGE
43
TENURE
2.5 yrs

U. B. Rao

TITLE
COO & Whole-time Director
COMPENSATION
$1M
AGE
56
TENURE
4.8 yrs

Inderpreet Sawhney

TITLE
Executive VP
COMPENSATION
$2M
AGE
53
TENURE
1.8 yrs

Krish Shankar

TITLE
Group Head of Human Resources & Infosys Leadership Structure and Executive VP
COMPENSATION
$792K
AGE
55
TENURE
2.5 yrs

Scott Sorokin

TITLE
Head of Global Services & Digital Experience and Senior VP
TENURE
3.2 yrs

Sangita Singh

TITLE
Industry Head of Healthcare & Life Sciences and Executive VP
AGE
48

A. G. Manikantha

TITLE
Company Secretary
TENURE
3.8 yrs

Nilanjan Roy

TITLE
Chief Financial Officer
AGE
52
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Infosys board of directors in years:

1.8
Average Tenure
59
Average Age
  • The average tenure for the Infosys board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nandan Nilekani

TITLE
Non-Executive Chairman of the Board
AGE
62
TENURE
1.7 yrs

Salil Parekh

TITLE
MD, CEO & Director
COMPENSATION
$3M
AGE
54
TENURE
1.3 yrs

U. B. Rao

TITLE
COO & Whole-time Director
COMPENSATION
$1M
AGE
56
TENURE
5.3 yrs

Eric Paternoster

TITLE
CEO, President & Director of Infosys Public Svcs
COMPENSATION
$429K

Kiran Mazumdar-Shaw

TITLE
Lead Independent Director
COMPENSATION
$10M
AGE
65
TENURE
1 yrs

Roopa Kudva

TITLE
Independent Director
COMPENSATION
$10M
AGE
54
TENURE
4.2 yrs

D. Prahlad

TITLE
Independent Director
COMPENSATION
$10M
AGE
62
TENURE
2.5 yrs

Damodarannair Sundaram

TITLE
Independent Director
COMPENSATION
$7M
AGE
65
TENURE
1.8 yrs

Punita Kumar-Sinha

TITLE
Independent Director
COMPENSATION
$13M
AGE
56
TENURE
3.3 yrs

Michael Gibbs

TITLE
Independent Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • Infosys insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
19. Mar 19 Sell Sachin Bagla Individual 05. Feb 19 05. Feb 19 -10,000 ₹738.08 ₹-7,380,801
13. Mar 19 Sell Prashantha Uppunda Individual 05. Mar 19 05. Mar 19 -500 ₹735.15 ₹-367,575
13. Mar 19 Sell Narsimha Mannepalli Individual 06. Mar 19 06. Mar 19 -1,500 ₹731.00 ₹-1,096,500
11. Mar 19 Sell Praveen Damodar Individual 25. Feb 19 01. Mar 19 -3,000 ₹740.17 ₹-2,220,500
07. Mar 19 Sell Anup Kapoor Individual 26. Feb 19 26. Feb 19 -2,000 ₹748.65 ₹-1,497,310
07. Mar 19 Sell Shripad Shanbhag Individual 05. Mar 19 05. Mar 19 -1,300 ₹734.76 ₹-955,188
07. Mar 19 Sell Infosys Technologies Limited, Employees Provident Fund Trust Company 01. Mar 19 01. Mar 19 -77,604 ₹737.11 ₹-57,202,949
01. Mar 19 Sell Krishnan Subramanian Individual 25. Feb 19 26. Feb 19 -6,300 ₹743.36 ₹-4,683,153
19. Feb 19 Sell Mahesh Kolar Individual 06. Feb 19 06. Feb 19 -3,550 ₹762.00 ₹-2,705,100
18. Feb 19 Sell Prashantha Uppunda Individual 15. Feb 19 15. Feb 19 -2,000 ₹743.27 ₹-1,486,543
18. Feb 19 Sell Krishnan Subramanian Individual 08. Feb 19 13. Feb 19 -2,000 ₹762.25 ₹-1,524,494
12. Feb 19 Sell Vijayanand Senniappan Individual 11. Jan 19 06. Feb 19 -1,750 ₹716.21 ₹-1,253,375
12. Feb 19 Sell Hasit Trivedi Individual 06. Feb 19 08. Feb 19 -1,500 ₹765.00 ₹-1,147,500
12. Feb 19 Sell Rajeev Ranjan Individual 01. Feb 19 01. Feb 19 -1,500 ₹756.11 ₹-1,134,163
06. Feb 19 Sell V.R. Renganathan Individual 31. Jan 19 01. Feb 19 -8,000 ₹753.40 ₹-6,027,193
06. Feb 19 Sell Sivaramakrishna Komperla Individual 31. Jan 19 01. Feb 19 -2,000 ₹755.00 ₹-1,510,000
31. Jan 19 Sell Manish Panicker Individual 17. Jan 19 17. Jan 19 -9,600 ₹733.00 ₹-7,036,800
29. Jan 19 Sell Jayesh Sanghrajka Individual 25. Jan 19 25. Jan 19 -3,771 ₹735.00 ₹-2,771,685
24. Jan 19 Sell Jayesh Sanghrajka Individual 22. Jan 19 22. Jan 19 -2,229 ₹738.00 ₹-1,645,002
20. Dec 18 Sell Usha Shastry Individual 11. Dec 18 13. Dec 18 -2,574 ₹680.90 ₹-1,752,624
18. Dec 18 Sell Pankaj Gupta Individual 13. Dec 18 13. Dec 18 -1,200 ₹684.68 ₹-821,622
13. Dec 18 Sell Anil Shankaranarayanan Individual 22. Oct 18 11. Dec 18 -2,300 ₹680.00 ₹-1,546,500
11. Dec 18 Sell Usha Shastry Individual 04. Dec 18 07. Dec 18 -8,730 ₹682.83 ₹-5,961,090
04. Dec 18 Sell Usha Shastry Individual 27. Nov 18 28. Nov 18 -4,600 ₹649.74 ₹-2,988,800
30. Nov 18 Sell Usha Shastry Individual 14. Nov 18 15. Nov 18 -2,600 ₹658.54 ₹-1,712,200
30. Nov 18 Sell Rajesh Thampy Individual 19. Nov 18 20. Nov 18 -4,000 ₹651.42 ₹-2,605,668
07. Nov 18 Sell Shyamalee Samvatsar Individual 12. Sep 18 25. Sep 18 -3,000 ₹736.74 ₹-2,210,205
30. Oct 18 Buy Ananthalakshmi Vallapuzha Individual 04. Oct 18 24. Oct 18 1,500 ₹676.00 ₹1,014,005
24. Oct 18 Buy Chandra Narayanan Individual 17. Oct 18 17. Oct 18 3,000 ₹711.15 ₹2,133,450
03. Oct 18 Sell Chetan Gupta Individual 12. Sep 18 12. Sep 18 -6,000 ₹741.67 ₹-4,450,000
27. Sep 18 Sell Jeeda Vasanthaiah Individual 03. Sep 18 03. Sep 18 -2,848 ₹717.50 ₹-2,043,440
27. Sep 18 Sell N. Shashidhar Individual 23. Jul 18 23. Jul 18 -2,292 ₹674.00 ₹-1,544,808
27. Sep 18 Sell Ramesh Adiga Individual 31. Aug 18 03. Sep 18 -5,934 ₹715.80 ₹-4,247,560
17. Sep 18 Sell Sivaramakrishna Komperla Individual 11. Sep 18 11. Sep 18 -2,000 ₹731.64 ₹-1,463,284
17. Sep 18 Sell Amit Doshi Individual 11. Sep 18 12. Sep 18 -9,312 ₹741.15 ₹-6,901,591
06. Sep 18 Sell Rohit Pant Individual 31. Aug 18 04. Sep 18 -1,975 ₹1,319.32 ₹-2,605,650
06. Sep 18 Sell Vageesh Patwardhan Individual 06. Sep 18 06. Sep 18 -1,400 ₹731.30 ₹-1,023,827
06. Sep 18 Sell Ananthalakshmi Vallapuzha Individual 03. Jul 18 03. Sep 18 -31,890 ₹725.04 ₹-23,083,613
06. Sep 18 Buy Ananthalakshmi Vallapuzha Individual 03. Jul 18 03. Sep 18 10,000 ₹720.74 ₹7,207,450
06. Sep 18 Sell Shaji Mathew Individual 04. Sep 18 04. Sep 18 -1,200 ₹740.00 ₹-888,000
06. Sep 18 Sell Sunil Jose Individual 31. Aug 18 03. Sep 18 -10,000 ₹720.21 ₹-7,202,090
31. Aug 18 Sell Inderpreet Sawhney Individual 29. Aug 18 29. Aug 18 -24,000 ₹719.25 ₹-17,262,049
24. Aug 18 Sell Vaijayanti Patharkar Individual 31. May 18 08. Jun 18 -8,000 ₹620.79 ₹-4,966,322
22. Aug 18 Sell Madhana Ramaraj Individual 28. May 18 28. May 18 -8,000 ₹587.50 ₹-4,700,000
22. Aug 18 Sell Kuldeep Sembi Individual 16. Aug 18 16. Aug 18 -2,000 ₹713.72 ₹-1,427,450
14. Aug 18 Sell Shaji Mathew Individual 06. Aug 18 08. Aug 18 -2,000 ₹679.05 ₹-1,358,100
10. Aug 18 Sell Bhairavi Shibulal Individual 08. Aug 18 10. Aug 18 -1,611,720 ₹686.73 ₹-1,106,817,168
10. Aug 18 Sell Gaurav Manchanda Individual 08. Aug 18 10. Aug 18 -1,611,720 ₹686.73 ₹-1,106,817,390
01. Aug 18 Sell Roopinder Bhatia Individual 31. Jul 18 31. Jul 18 -1,000 ₹680.00 ₹-680,000
27. Jul 18 Sell Roopinder Bhatia Individual 27. Jul 18 27. Jul 18 -1,108 ₹690.00 ₹-764,520
25. Jul 18 Sell Roopinder Bhatia Individual 24. Jul 18 24. Jul 18 -2,000 ₹685.00 ₹-1,370,000
23. Jul 18 Sell Atul Gargate Individual 15. Jun 18 15. Jun 18 -3,800 ₹640.12 ₹-2,432,474
23. Jul 18 Sell Roopinder Bhatia Individual 20. Jul 18 23. Jul 18 -3,000 ₹681.08 ₹-2,043,232
23. Jul 18 Buy Ghanshyam Goliwadekar Individual 08. May 18 15. Jun 18 4,000 ₹615.29 ₹2,461,142
23. Jul 18 Sell Chetan Kulkarni Individual 26. Jun 18 02. Jul 18 -6,500 ₹649.60 ₹-4,222,429
04. Jul 18 Sell Balwant Surti Individual 29. Jun 18 29. Jun 18 -2,000 ₹648.34 ₹-1,296,674
14. Jun 18 Sell Narsimha Mannepalli Individual 13. Jun 18 13. Jun 18 -2,000 ₹636.00 ₹-1,272,000
12. Jun 18 Sell Venkataramana Gosavi Individual 11. May 18 11. May 18 -2,260 ₹586.25 ₹-1,324,914
12. Jun 18 Sell Krishnan Subramanian Individual 07. Jun 18 07. Jun 18 -1,600 ₹621.34 ₹-994,144
08. Jun 18 Sell - Chandramohan Individual 07. Jun 18 07. Jun 18 -1,980 ₹627.80 ₹-1,243,048
08. Jun 18 Sell Srimathi Swamy Individual 06. Jun 18 07. Jun 18 -2,000 ₹625.39 ₹-1,250,790
08. Jun 18 Sell Krishnan Subramanian Individual 04. Jun 18 04. Jun 18 -4,400 ₹617.62 ₹-2,717,522
30. May 18 Sell Balwant Surti Individual 23. May 18 25. May 18 -4,000 ₹605.18 ₹-2,420,736
25. May 18 Sell Sivaramakrishna Komperla Individual 22. May 18 23. May 18 -4,000 ₹596.25 ₹-2,385,000
27. Apr 18 Sell Bhaskara Vachana Individual 23. Apr 18 23. Apr 18 -10,000 ₹600.00 ₹-6,000,000
X
Management checks
We assess Infosys's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Infosys has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

500209 News

Simply Wall St News

500209 Company Info

Description

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies. The company’s products include Finacle, a banking solution that provides analytics, core banking, consumer e-banking, corporate e-banking, Islamic banking, mobile banking, origination, payments, SME enable, treasury, wealth management, and youth banking solutions. Its products also comprise Infosys Nia, a knowledge-based AI platform; Infosys Information Platform, an analytics platform that enables to get insights from various data sources for decisions across industries; and AssistEdge, CreditFinanceEdge, ProcureEdge, and TradeEdge that are cloud-hosted business platforms, as well as analytics, cloud, and digital transformation services. The company serves clients in the financial services, life sciences, healthcare and insurance, manufacturing, retail, consumer packaged goods and logistics, hi-tech, communications, services, utilities, resources, energy, and other industries. Infosys Limited has a strategic partnership with ABN AMRO Bank N.V. for providing mortgage administration services through digital platforms in the Netherlands, Belgium, and Germany. The company was formerly known as Infosys Technologies Limited and changed its name to Infosys Limited in June 2011. Infosys Limited was founded in 1981 and is headquartered in Bengaluru, India.

Details
Name: Infosys Limited
500209
Exchange: BSE
Founded: 1981
₹3,114,375,786,127
4,343,317,462
Website: http://www.infosys.com
Address: Infosys Limited
Electronics City,
Hosur Road,
Bengaluru,
Karnataka, 560100,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI INFY Equity Shares National Stock Exchange of India IN INR 08. Feb 1995
BSE 500209 Equity Shares Mumbai Stock Exchange IN INR 08. Feb 1995
NYSE INFY SPON ADR EACH REP 1 ORD SHS New York Stock Exchange US USD 11. Mar 1999
DB IOY SPON ADR EACH REP 1 ORD SHS Deutsche Boerse AG DE EUR 11. Mar 1999
BST IOY SPON ADR EACH REP 1 ORD SHS Boerse-Stuttgart DE EUR 11. Mar 1999
WBAG IOY SPON ADR EACH REP 1 ORD SHS Wiener Boerse AG AT EUR 11. Mar 1999
Number of employees
Current staff
Staff numbers
217,739
Infosys employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 12:42
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/04/17
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.