StockFin.ai Try Free →

Infosys Limited (INFY)

Information Technology · IT - Software · NSE · Updated 16 June 2026

₹1,134.9 ↓ 30.11% (1Y)

🎯 Key Takeaways

Infosys is in a strategic growth phase driven by its AI-first transformation, marked by sustained revenue expansion, margin resilience, and aggressive capital returns despite a challenging macro environment. Management is positioning AI as a core growth engine, targeting a $300-400 billion opportunity by 2030 while maintaining operational efficiency and shareholder-friendly capital allocation.
Revenue grew 2.2% QoQ to ₹45,479 in Q3FY26.
⚠️ AI disruption risk: Management acknowledges AI-driven industry transformation as a key risk, which could pressure pricing and client spending if not s

Market Cap

₹4.54 L Cr

P/E Ratio

16.6

P/B Ratio

4.74

ROE

29.2%

ROCE

40.8%

Debt/Equity

0.00

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About INFY 📊 Interactive Charts

📖 The Story

Infosys is in a strategic growth phase driven by its AI-first transformation, marked by sustained revenue expansion, margin resilience, and aggressive capital returns despite a challenging macro environment. Management is positioning AI as a core growth engine, targeting a $300-400 billion opportunity by 2030 while maintaining operational efficiency and shareholder-friendly capital allocation.

📰 What's Happening

In the fiscal 2026 annual report (June 15, 2026), Infosys reported $20,158 million in revenue, up 4.6% YoY, with a stable adjusted operating margin of 21.0%. The company expanded its AI investments, including $141 million in capital expenditure and initiatives like Infosys Topaz Fabric and AI Next. It also proposed a ₹18,000 crore buyback and returned ~85% of free cash flow via dividends and buybacks, with a final dividend of ₹25 per share. The revised FY 2025-26 Integrated Annual Report (May 30, 2026) highlighted AI-driven client outcomes, including 50% fewer outages at Liberty Global and €64 million in annual efficiency savings from its ABN AMRO partnership. Management emphasized re-skilling 325,000 employees on AI and accelerating deployment of its AI First Value Framework across 290 global locations.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY24	Q1FY25	Q2FY25	Q3FY25	Q4FY25	Q1FY26	Q2FY26	Q3FY26
Revenue	37,923	39,315	40,986	41,764	40,925	42,279	44,490	45,479
Operating Profit	11,513	10,275	10,521	10,974	11,064	10,985	11,517	10,484
OPM %	23.2%	24.0%	23.9%	24.2%	24.1%	23.5%	23.7%	23.4%
Net Profit	7,975	6,374	6,516	6,822	7,038	6,924	7,375	6,666
EPS	₹19.25	₹15.38	₹15.71	₹16.43	₹16.98	₹16.70	₹17.76	₹16.17

Quarterly revenue has grown steadily from ₹37,923 crore in Q4FY24 to ₹45,479 crore in Q3FY26, reflecting consistent top-line expansion. Operating margins have remained resilient in the low-23% range, supporting healthy profitability despite macro headwinds. Net profit and EPS trends show stability, with EPS peaking at ₹19.25 in Q4FY24 before moderating to ₹16.17 in Q3FY26, aligning with a more sustainable earnings trajectory. The financial performance underscores operational discipline and scalability of the AI-led growth model.

🔮 Management Outlook & What's Next

Management has consistently emphasized an AI-first strategy as a catalyst for long-term growth, targeting a $300-400 billion incremental opportunity by 2030. They highlighted measurable client outcomes from AI deployments, including efficiency gains and operational improvements across global clients. The revised annual report underscores progress in closing the AI deployment gap and scaling Topaz™ capabilities. Capital allocation remains focused on strategic AI investments, global expansion, and returning ~85% of free cash flow to shareholders through dividends and buybacks.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	2023-2024	2023-2024	2024-2025	2024-2025	2025-2026
Equity Capital	2,070	2,071	2,072	2,073	2,074
Reserves	78,698	86,045	88,391	93,745	1.01 L Cr
Borrowings	0	0	0	0	0
Total Liabilities	49,145	49,353	51,040	52,700	56,636
Fixed Assets	19,492	18,922	18,472	18,089	17,986
Investments	19,323	12,915	17,394	23,541	23,485
Total Assets	1.30 L Cr	1.38 L Cr	1.42 L Cr	1.49 L Cr	1.60 L Cr

The balance sheet reflects a strong capital structure with zero net debt and growing equity, supporting financial flexibility. Total assets have expanded from ₹1.42 L Cr in 2023-24 to ₹1.60 L Cr in 2025-26, in line with revenue growth and strategic investments. The company is not leveraging its balance sheet but is actively allocating capital toward AI infrastructure, talent development, and shareholder returns, indicating a disciplined reinvestment and distribution strategy.

💰 Cash Flow Statement (₹ Cr)

Item	2020-2021
Operating	+23,224
Investing	-7,456
Financing	-9,786
Net Cash Flow	—

⚖️ Peer Comparison — IT - Software

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Tata Consultancy Services Limited	8.19 L Cr	17.2	67.6%	50.4%	0.00
Infosys Limited	4.54 L Cr	16.6	40.8%	29.2%	0.00
HCL Technologies Limited	3.07 L Cr	18.6	31.9%	23.6%	0.03
Wipro Limited	1.99 L Cr	15.0	19.1%	16.1%	0.20
Tech Mahindra Limited	1.34 L Cr	26.3	22.1%	10.0%	0.07
LTM Limited	1.18 L Cr	25.7	—	—	—
Oracle Financial Services Software Limited	78,487	34.0	—	—	—
Persistent Systems Limited	74,176	54.5	—	—	—
Coforge Limited	43,059	50.2	—	—	—
MphasiS Limited	39,760	23.9	—	—	—

🔗 Peer Stock Analyses

TCS HCLTECH WIPRO TECHM LTM

⚠️ Risk Factors

1. AI disruption risk: Management acknowledges AI-driven industry transformation as a key risk, which could pressure pricing and client spending if not successfully monetized. 2. Geopolitical and regulatory exposure: Operations in 59 countries expose Infosys to shifting immigration policies, data privacy laws, and cross-border tensions affecting client spending. 3. Client concentration: Heavy reliance on North America (56.1%) and Europe (32.1%) revenue creates vulnerability to regional economic slowdowns or currency fluctuations. 4. Talent and execution risk: Scaling AI capabilities requires significant upskilling and execution discipline; delays could impact competitiveness in a rapidly evolving market.

📋 Recent Filings

🧠 Analyst's Read

Infosys is executing a clear AI-led transformation with strong operational discipline, consistent financial performance, and robust shareholder returns, but faces execution and macro risks from geopolitical instability and AI-driven market disruption. The next 12–18 months will be critical in determining whether AI investments translate into sustainable margin expansion and market share gains amid intensifying competition.

Based on filing content and financial data. Not a recommendation.

✨ Deep Dive with AI on INFY

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-06-16.