Infosys Ltd
INFYInfosys Ltd's earnings have outrun its stock. EPS grew +12.9% in a year against a −30.9% price move.
The sharpest disagreement: annual EPS moved +12.9% against a −30.9% price move — the market has not yet caught up with the delivery.
The price is in a downtrend (21 weeks in) while the P/E sits at the 0th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +12.3% year on year, and 115% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Infosys Ltd trades at ₹1,097, in a downtrend and 21 weeks into that stage. That is −17.0% against its own 200-day average. It sits at 16% of a 52-week range of ₹985 to ₹1,690. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (29 weeks and counting).
Today the stock is in a downtrend — week 21 of stage 4, confirmed. At ₹1,097 it trades −17.0% versus its 200-day average and sits at 16% of its 52-week range (₹985–₹1,690).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +92% while the NIFTY 500 moved +274% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (29 weeks and counting; last ahead the week of 2026-02-06) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 0th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Infosys Ltd trades at 13.6× P/E, about the cheapest it has ever traded. Its long-run median P/E is 22.5×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 13.6× is about the cheapest it has ever traded, against a long-run median of 22.5× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +12.9% against a −30.9% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the −6.8%/yr price move, ~+10.0%/yr came from earnings growth and ~−16.8 pp from the multiple (compressing); over 10y, of the +7.4%/yr price move, ~+9.7%/yr came from earnings growth and ~−2.3 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its second data source reports in USD, not rupees, so nothing from it can be placed on this crore axis. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Infosys Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 40.0% and holding. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +9.6% | +6.8% | +12.2% | +11.1% |
| Profit | +10.2% | +6.9% | +8.7% | +8.1% |
| EPS | +12.9% | +7.7% | +9.8% | +9.5% |
| Share price | −30.9% | −8.4% | −6.8% | +7.4% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
53.6/100 — rank 23 of 63 in IT - Software · 83% evidence confidence
Infosys Ltd scores 53.6 out of 100 against the 63 companies it is compared with in IT - Software, ranking 23. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 18.1 + 18.9 + 14.2 + 2.4 = 53.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Infosys Ltd reported ₹48,211 Cr of revenue in the Jun 26 quarter, +14.0% year on year. That is the 11th straight quarter of year-on-year growth. Over 10 years it has compounded at 11.1% a year. The last full year, FY26, came in at ₹1,78,650 Cr. The last four reported quarters add to ₹1,84,582 Cr.
Infosys Ltd reported ₹48,211 Cr of revenue in the Jun 26 quarter, +14.0% year on year. That is the 11th straight quarter of year-on-year growth. Over 10 years it has compounded at 11.1% a year. The last full year, FY26, came in at ₹1,78,650 Cr. The last four reported quarters add to ₹1,84,582 Cr.
FY26 revenue came in at ₹1,78,650 Cr (+9.6% on the year), capping 10 years at 11.1% compound. The latest quarter (Jun 26) printed ₹48,211 Cr, +14.0% year on year — the 11th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +11.2% growth against the decade's 11.1% — the current year is running in line with its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +11.2% over the last 4 quarters against +9.1%/yr over the last 8 — stabilising; TTM profit +11.1% vs +6.6%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 24.0% this quarter (+0.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Infosys Ltd's operating margin is 24.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 24.0% to 28.0%. The current quarter sits inside that band.
Infosys Ltd's operating margin is 24.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 24.0% to 28.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 24.0%, +0.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 24.0%–28.0%.
Why the margin moved: operating margin went +0.1 pp year on year while gross margin went +0.0 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
→ Margins held — did that reach the bottom line? Next: profit +12.3% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Infosys Ltd earned ₹7,775 Cr of net profit in the Jun 26 quarter, +12.3% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹29,474 Cr. The 10-year compound rate is 8.1%. That is 16.1% of the quarter's revenue. The same quarter a year earlier earned ₹6,924 Cr.
Infosys Ltd earned ₹7,775 Cr of net profit in the Jun 26 quarter, +12.3% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹29,474 Cr. The 10-year compound rate is 8.1%. That is 16.1% of the quarter's revenue. The same quarter a year earlier earned ₹6,924 Cr.
Jun 26 profit was ₹7,775 Cr, +12.3% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹29,474 Cr (+10.2%), and the 10-year compound rate is 8.1%.
Why profit moved: revenue contributed +14.0% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +11.0% vs revenue +11.2%. Profit and revenue are moving roughly in step.
→ Profit rose — but did the cash follow? Next: 115% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 115% of Infosys Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹33,986 Cr of operating cash against ₹29,474 Cr of profit. After ₹7,423 Cr of capital spending, ₹26,563 Cr was left as free cash.
FY26: operating cash of ₹33,986 Cr against reported profit of ₹29,474 Cr, leaving free cash of ₹26,563 Cr after ₹7,423 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 115% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 115%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
→ So follow the cash to where it goes. Next: a 72-day cycle and ₹19,175 Cr of building.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Infosys Ltd's cash conversion cycle runs 72 days in FY26, up from 70 days in FY21. Capital spending ran ₹19,175 Cr over the last 3 years. At FY26 sales of ₹1,78,650 Cr each day of that cycle holds about ₹489 Cr, so roughly ₹35,241 Cr sits inside the business at any moment.
FY26: debtors at 72 days (an asset-light business — no inventory to speak of) — for a full cycle of 72 days, looser than FY21's 70.
In money terms: at FY26 sales of ₹1,78,650 Cr, each day of the cycle holds about ₹489 Cr — so the 72-day loop keeps roughly ₹35,241 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹19,175 Cr over the last 3 fiscal years against ₹14,392 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹526 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 40%.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Infosys Ltd earns a ROCE of 40% in FY26. That is up from a trough of 30% in FY17. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 16.5% net margin on 1.16× asset turns.
FY26 ROCE is 40%, recovered from a FY17 trough of 30% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 16.5% net margin × 1.16× asset turns × 1.66× balance-sheet leverage ≈ 31.8% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its second data source reports in USD, not rupees, so nothing from it can be placed on this crore axis. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.10.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Infosys Ltd carries ₹9,176 Cr of borrowings against ₹92,852 Cr of equity in FY26, a debt-to-equity of 0.10. Operating profit covers the interest bill north of 100×. Over 5 years borrowings went from ₹5,325 Cr to ₹9,176 Cr. Capital spending ran ₹19,175 Cr across the last 3 of those years.
FY26: borrowings of ₹9,176 Cr against equity of ₹92,852 Cr — a debt-to-equity of 0.10. Operating profit covers the interest bill north of 100×. Over 5 years borrowings went from ₹5,325 Cr to ₹9,176 Cr while capital spending ran ₹19,175 Cr in just the last 3 — part of the build-out is riding on borrowed money.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its second data source reports in USD, not rupees, so nothing from it can be placed on this crore axis. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 5.7 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions cut 5.7 points of Infosys Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 27.1% of the company. Domestic institutions moved +5.5 points over the same window, to 42.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −5.7 points over 8 quarters to 27.1%; Domestic institutions: +5.5 points over 8 quarters to 42.8%; Promoters: −0.8 points over 8 quarters to 13.8%. Note the structure: promoters hold under 20% — this is a widely-held company where institutions, not a family, set the direction.
Why the register moved: rotation — foreign institutions −5.7 points against domestic institutions +5.5 points over 8 quarters, with promoters −0.8 points — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Infosys Ltd: the Z-score is withheld — it comes from the second data source this page could not reconcile, and a solvency score is not worth printing on a number two sources dispute. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
The safety line in one sentence: the Z-score is withheld — it comes from the second data source this page could not reconcile, and a solvency score is not worth printing on a number two sources dispute.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Infosys Ltd this page | 13.6× | ₹4.2L Cr | Consistent | |||
| Tata Consultancy Services Ltd | 15.2× | ₹8.2L Cr | Consistent | |||
| HCL Technologies Ltd | 19.0× | ₹3.4L Cr | Mixed | |||
| Wipro Ltd | 13.3× | ₹1.8L Cr | Topping out | |||
| Tech Mahindra Ltd | 28.7× | ₹1.5L Cr | Topping out | |||
| LTM Ltd | 21.6× | ₹1.2L Cr | Consistent | |||
| Coforge Ltd | 40.0× | ₹65,726 Cr | Mixed | |||
| Mphasis Ltd | 22.6× | ₹43,674 Cr | Consistent | |||
| Hexaware Technologies Ltd | 23.0× | ₹33,719 Cr | No read | |||
| IDream Film Infrastructure Company Ltd | — | ₹17,180 Cr | No read | |||
| Zensar Technologies Ltd | 15.1× | ₹11,511 Cr | Turning around | |||
| Sonata Software Ltd | 15.8× | ₹8,079 Cr | Mixed | |||
| Tanla Platforms Ltd | 14.9× | ₹7,954 Cr | Turning around | |||
| Birlasoft Ltd | 14.8× | ₹7,896 Cr | Turning around | |||
| Seshaasai Technologies Ltd | 23.6× | ₹6,221 Cr | No read | |||
| ASM Technologies Ltd | 103.0× | ₹6,206 Cr | No read | |||
| AvenuesAI Ltd | 20.2× | ₹5,700 Cr | Mixed | |||
| Mastek Ltd | 12.0× | ₹5,242 Cr | Consistent | |||
| Datamatics Global Services Ltd | 20.3× | ₹4,856 Cr | Topping out | |||
| Aurionpro Solutions Ltd | 21.0× | ₹4,562 Cr | Mixed | |||
| Moschip Technologies Ltd | 141.0× | ₹4,508 Cr | Mixed | |||
| Capillary Technologies India Ltd | 128.0× | ₹3,790 Cr | — | — | — | — |
| TechNVision Ventures Ltd | 984.0× | ₹3,563 Cr | No read | |||
| Cigniti Technologies Ltd | 11.4× | ₹3,472 Cr | Mixed | |||
| 63 Moons Technologies Ltd | — | ₹3,264 Cr | No read | |||
| ASM Technologies Ltd | 52.8× | ₹3,220 Cr | No read | |||
| TechNVision Ventures Ltd | 14,485.0× | ₹3,187 Cr | No read | |||
| R Systems International Ltd | 12.6× | ₹2,909 Cr | Turning around | |||
| Sasken Technologies Ltd | 48.1× | ₹2,765 Cr | Improving | |||
| BLS E-Services Ltd | 44.6× | ₹2,565 Cr | Mixed | |||
| Silver Touch Technologies Ltd | 71.0× | ₹2,538 Cr | Turning around | |||
| Saksoft Ltd | 16.3× | ₹2,231 Cr | Mixed | |||
| Blue Cloud Softech Solutions Ltd | 31.2× | ₹1,889 Cr | Mixed | |||
| Hypersoft Technologies Ltd | 440.0× | ₹1,798 Cr | No read | |||
| Kody Technolab Ltd | 104.0× | ₹1,748 Cr | — | — | — | — |
| IZMO Ltd | 34.8× | ₹1,653 Cr | Improving | |||
| NINtec Systems Ltd | 50.3× | ₹1,610 Cr | Mixed | |||
| Dynacons Systems & Solutions Ltd | 18.6× | ₹1,580 Cr | Mixed | |||
| Magellanic Cloud Ltd | 13.6× | ₹1,568 Cr | Mixed | |||
| InfoBeans Technologies Ltd | 18.0× | ₹1,526 Cr | Mixed |
Frequently asked questions
What is Infosys Ltd's share price today?
Infosys Ltd trades at ₹1,097, −30.9% over the past year. The company is valued at ₹4,22,353 Cr. The stock sits at 16% of its 52-week range of ₹985–₹1,690, −17.0% versus its 200-day average. On the tape, the price is in a downtrend, 21 weeks in. — as of 24 July 2026.
What were Infosys Ltd's latest quarterly results?
Infosys Ltd reported revenue of ₹48,211 Cr and net profit of ₹7,775 Cr for the Jun 26 quarter. Revenue rose 14.0% and profit rose 12.3% year on year. Earnings per share were ₹19.15. The operating margin was 24.0%, 0.0 pp higher than a year earlier. — as of 24 July 2026.
What is Infosys Ltd's revenue?
Infosys Ltd reported revenue of ₹48,211 Cr in the Jun 26 quarter, +14.0% year on year. For the full FY26 fiscal year, revenue was ₹1,78,650 Cr (+9.6%). Over the last 10 years revenue compounded at 11.1% a year. — as of 24 July 2026.
What is Infosys Ltd's profit?
Infosys Ltd earned ₹7,775 Cr of net profit in the Jun 26 quarter, +12.3% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹29,474 Cr. The operating margin ran 24.0% in the latest quarter. — as of 24 July 2026.
What is Infosys Ltd's market cap?
Infosys Ltd's market capitalisation is ₹4,22,353 Cr at a share price of ₹1,097. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Infosys Ltd's P/E ratio?
Infosys Ltd trades at a P/E of 13.6×, at the 0th percentile of its own 10-year range, against a long-run median of 22.5×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Infosys Ltd pay a dividend?
Yes — Infosys Ltd's dividend payout was 66% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Infosys Ltd overvalued?
On its own history, Infosys Ltd looks cheap against its own history: its P/E of 13.6× has been cheaper only 0% of the time in 10 years (long-run median 22.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Infosys Ltd growing?
Yes — Infosys Ltd is growing: latest-quarter revenue +14.0% year on year, profit +12.3%, and the margin +0.0 pp at 24.0%. The 10-year compound rates are 11.1% (revenue) and 8.1% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Infosys Ltd performing?
Infosys Ltd is in a downtrend, 21 weeks in. Its latest quarter's revenue rose 14.0% and profit rose 12.3% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 29 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Infosys Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 40.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +11.2% latest, profit growth +11.1% latest, eps growth +13.1% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Infosys Ltd in an uptrend?
No — the price is in a downtrend (week 21 of stage 4), trading −17.0% versus its 200-day average and at 16% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Infosys Ltd beating the market?
Not lately — on a trailing-13-week view Infosys Ltd is currently behind the NIFTY 500 (29 weeks and counting; last ahead the week of 2026-02-06), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +92% against the NIFTY 500's +274% — behind the index over the full window. — as of 24 July 2026.
Will Infosys Ltd's share price go up?
This page publishes no price forecast for Infosys Ltd. What it measures instead: the share price is ₹1,097, the price is in a downtrend 21 weeks in. Its P/E of 13.6× sits at the 0th percentile of its own 10-year range. Direction is not something this site claims to know. — as of 24 July 2026.
Who owns Infosys Ltd?
Promoters hold 13.8% of Infosys Ltd, foreign institutions 27.1%, domestic institutions 42.8% and the public 15.9% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 5.7 points over 8 quarters. — as of 24 July 2026.
Does Infosys Ltd have too much debt?
No — Infosys Ltd's debt-to-equity is 0.10, and operating profit covers the interest bill north of 100×. FY26 borrowings were ₹9,176 Cr against equity of ₹92,852 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Infosys Ltd's capex?
Infosys Ltd spent ₹19,175 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹7,423 Cr, with ₹526 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Infosys Ltd's cash flow?
Infosys Ltd generated ₹33,986 Cr of operating cash flow in FY26 and ₹26,563 Cr of free cash flow after ₹7,423 Cr of capital spending. Reported profit that year was ₹29,474 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Infosys Ltd's profit real cash?
Yes — over the last 3 fiscal years, 115% of Infosys Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹33,986 Cr against reported profit of ₹29,474 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Infosys Ltd in its business cycle?
Infosys Ltd's FY26 operating margin was 24.0%, against a 13-year band of 24.0%–28.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 24.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Infosys Ltd story?
The sharpest disagreement: annual EPS moved +12.9% against a −30.9% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Infosys Ltd a stock worth studying right now?
This is not investment advice. The machine read: Infosys Ltd's earnings have outrun its stock. EPS grew +12.9% in a year against a −30.9% price move. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.