Projected Income Statement: Infosys Limited

Forecast Balance Sheet: Infosys Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -2,23,125 -1,74,720 -1,21,730 -1,47,860 -2,44,550 -3,17,738 -3,58,716 -4,17,528
Change - 21.69% 30.33% -21.47% -65.39% -29.93% -12.9% -16.4%
Announcement Date 14/04/21 13/04/22 13/04/23 18/04/24 17/04/25 - - -
1INR in Million
Estimates

Cash Flow Forecast: Infosys Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 21,070 21,610 25,790 22,010 22,370 42,144 38,059 42,675
Change - 2.56% 19.34% -14.66% 1.64% 88.39% -9.69% 12.13%
Free Cash Flow (FCF) 1 2,11,170 2,39,104 1,98,880 2,40,837 3,34,570 2,94,173 2,94,873 3,23,172
Change - 13.23% -16.82% 21.1% 38.92% -12.07% 0.24% 9.6%
Announcement Date 14/04/21 13/04/22 13/04/23 18/04/24 17/04/25 - - -
1INR in Million
Estimates

Forecast Financial Ratios: Infosys Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 27.76% 25.89% 23.94% 23.7% 24.07% 23.58% 23.99% 24.04%
EBIT Margin (%) 24.51% 23.03% 21.06% 20.66% 21.12% 20.9% 21.26% 21.31%
EBT Margin (%) 26.5% 24.75% 22.7% 23.42% 23.07% 22.69% 22.93% 23.09%
Net margin (%) 19.26% 18.18% 16.42% 17.07% 16.39% 16.2% 16.42% 16.55%
FCF margin (%) 21.02% 19.66% 13.55% 15.67% 20.53% 16.55% 15.45% 15.79%
FCF / Net Income (%) 109.13% 108.14% 82.54% 91.81% 125.25% 102.13% 94.08% 95.42%

Profitability

        
ROA 22.12% 19.54% 24.01% 24.26% 22.27% 19.22% 20.5% 20.6%
ROE 27.38% 29.15% 35.16% 32.08% 29.05% 31.08% 33.28% 33.72%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 2.1% 1.78% 1.76% 1.43% 1.37% 2.37% 1.99% 2.09%
CAPEX / EBITDA (%) 7.55% 6.86% 7.34% 6.04% 5.7% 10.05% 8.31% 8.67%
CAPEX / FCF (%) 9.98% 9.04% 12.97% 9.14% 6.69% 14.33% 12.91% 13.21%

Items per share

        
Cash flow per share 1 54.64 56.62 53.65 60.82 86.01 85.96 87.56 92.48
Change - 3.63% -5.25% 13.37% 41.41% -0.06% 1.87% 5.62%
Dividend per Share 1 27 31 34 38 43 49.61 58.25 63.25
Change - 14.81% 9.68% 11.76% 13.16% 15.37% 17.42% 8.58%
Book Value Per Share 1 167.9 179.7 181.7 212.6 230.9 216.6 234.4 251
Change - 7.02% 1.12% 16.99% 8.6% -6.2% 8.22% 7.09%
EPS 1 45.52 52.41 57.54 63.29 64.34 69.57 76.42 83.02
Change - 15.14% 9.79% 9.99% 1.66% 8.13% 9.85% 8.63%
Nbr of stocks (in thousands) 42,44,364 41,92,284 41,04,700 41,39,618 41,42,547 40,45,683 40,45,683 40,45,683
Announcement Date 14/04/21 13/04/22 13/04/23 18/04/24 17/04/25 - - -
1INR
Estimates
2026 *2027 *
P/E ratio 21.7x 19.7x
PBR 6.96x 6.43x
EV / Sales 3.25x 3.01x
Yield 3.29% 3.87%
More valuation ratios * Estimated data

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
45
Last Close Price
1,507.10INR
Average target price
1,820.45INR
Spread / Average Target
+20.79%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. INFY Stock
  4. Financials Infosys Limited