INFY · Software & Programming · INE009A01021
Analyst mean 2.33 · 43 analysts · 66% bullishWhat the numbers mean when read together — computed from the filings, not a score.
Operating cash flow is 112% of trailing profit — the earnings are converting to cash, not just accruals.
Last operating cash flow ₹33,986 cr against trailing net profit ₹30,325 cr. A ratio at or above ~0.9 means reported profit is showing up as real cash.
Both revenue and profit grew over the last year (11.2% and 11.1%) — growth is translating to the bottom line.
Trailing revenue ₹184,582 cr, trailing profit ₹30,325 cr. Profit growing at least as fast as revenue indicates operating leverage or pricing power.
Free cash flow is positive and consistent — the business funds itself after capex.
Latest free cash flow ₹31,259 cr. Negative in only 0 of 12 years. A self-funding business needs less external capital and dilutes less.
Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 40,986 | 41,764 | 40,925 | 42,279 | 44,490 | 45,479 | 46,402 | 48,211 |
| Expenses | 31,177 | 31,649 | 31,051 | 32,336 | 33,955 | 34,845 | 35,235 | 36,802 |
| Other Income | 712 | 859 | 1,190 | 1,042 | 982 | -150 | 1,159 | 984 |
| Depreciation | 1,160 | 1,203 | 1,299 | 1,140 | 1,182 | 1,155 | 1,424 | 1,246 |
| Profit before tax | 9,253 | 9,670 | 9,663 | 9,740 | 10,229 | 9,229 | 10,797 | 11,028 |
| Net Profit | 6,516 | 6,822 | 7,038 | 6,924 | 7,375 | 6,666 | 8,509 | 7,775 |
| EPS | 15.67 | 16.39 | 16.93 | 16.66 | 17.73 | 16.41 | 20.96 | 19.15 |
| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 2,124 | 2,098 | 2,069 | 2,071 | 2,073 | 2,024 |
| Reserves | 74,227 | 73,252 | 73,338 | 86,045 | 93,745 | 90,828 |
| Borrowings | 5,325 | 5,474 | 8,299 | 8,359 | 8,227 | 9,176 |
| Fixed Assets | 25,505 | 25,800 | 29,225 | 27,622 | 30,961 | 33,770 |
| CWIP | 922 | 416 | 288 | 293 | 814 | 526 |
| Investments | 14,205 | 20,324 | 19,478 | 24,623 | 23,541 | 21,880 |
| Total Assets | 107,511 | 116,729 | 124,596 | 136,020 | 147,795 | 154,288 |