Projected Income Statement: Infosys Limited

Forecast Balance Sheet: Infosys Limited

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 -1,74,720 -1,21,730 -1,47,860 -2,44,550 - -3,90,510 -4,52,766 -4,90,364
Change - 30.33% -21.47% -65.39% - - -15.94% -8.3%
Announcement Date 13/04/22 13/04/23 18/04/24 17/04/25 23/04/26 - - -
1INR in Million
Estimates

Cash Flow Forecast: Infosys Limited

Fiscal Period: March 2022 2023 2024 2025 2027 2028 2029
CAPEX 1 21,610 25,790 22,010 22,370 39,288 42,078 40,451
Change - 19.34% -14.66% 1.64% - 7.1% -3.87%
Free Cash Flow (FCF) 1 2,39,104 1,98,880 2,40,837 3,34,570 2,94,272 3,22,662 3,43,960
Change - -16.82% 21.1% 38.92% - 9.65% 6.6%
Announcement Date 13/04/22 13/04/23 18/04/24 17/04/25 - - -
1INR in Million
Estimates

Forecast Financial Ratios: Infosys Limited

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 25.89% 23.94% 23.7% 24.07% 23.04% 23.86% 23.93% 23.82%
EBIT Margin (%) 23.03% 21.06% 20.66% 21.12% 20.29% 21.05% 21.08% 21.1%
EBT Margin (%) 24.75% 22.7% 23.42% 23.07% 22.39% 22.63% 22.84% 23.02%
Net margin (%) 18.18% 16.42% 17.07% 16.39% 16.48% 16.16% 16.33% 16.4%
FCF margin (%) 19.66% 13.55% 15.67% 20.53% - 15.2% 15.84% 16.09%
FCF / Net Income (%) 108.14% 82.54% 91.81% 125.25% - 94.06% 97% 98.1%

Profitability

        
ROA 19.54% 24.01% 24.26% 22.27% - 19.64% 19.35% 19.47%
ROE 29.15% 35.16% 32.08% 29.05% - 32.5% 31.93% 32.05%

Financial Health

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

Capital Intensity

        
CAPEX / Current Assets (%) 1.78% 1.76% 1.43% 1.37% - 2.03% 2.07% 1.89%
CAPEX / EBITDA (%) 6.86% 7.34% 6.04% 5.7% - 8.5% 8.63% 7.94%
CAPEX / FCF (%) 9.04% 12.97% 9.14% 6.69% - 13.35% 13.04% 11.76%

Items per share

        
Cash flow per share 1 56.62 53.65 60.82 86.01 - 93.86 95.15 97.75
Change - -5.25% 13.37% 41.41% - - 1.37% 2.73%
Dividend per Share 1 31 34 38 43 - 59.11 63.1 69.37
Change - 9.68% 11.76% 13.16% - - 6.73% 9.95%
Book Value Per Share 1 179.7 181.7 212.6 230.9 - 244.3 260.6 275.2
Change - 1.12% 16.99% 8.6% - - 6.66% 5.59%
EPS 1 52.41 57.54 63.29 64.34 71.46 76.98 81.85 86.72
Change - 9.79% 9.99% 1.66% 11.07% 7.72% 6.34% 5.94%
Nbr of stocks (in thousands) 41,92,284 41,04,700 41,39,618 41,42,547 40,46,607 40,46,972 40,46,972 40,46,972
Announcement Date 13/04/22 13/04/23 18/04/24 17/04/25 23/04/26 - - -
1INR
Estimates
2027 *2028 *
P/E ratio 15.3x 14.4x
PBR 4.82x 4.52x
EV / Sales 2.26x 2.12x
Yield 5.02% 5.36%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
40
Last Close Price
1,177.00INR
Average target price
1,461.82INR
Spread / Average Target
+24.20%

Quarterly revenue - Rate of surprise

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