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8/12/2019 Ashish AFS Infosys
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INFOSYS Ltd.
Business Profile:
Company Description
Infosys Technologies Ltd is a global technology services company. Infosys defines, designs and
delivers technology-enabled business solutions for Global 2000 companies. Their services
include business and technology consulting, application services, systems integration, product
engineering, custom software development, maintenance, re-engineering, independent
testing and validation services, IT infrastructure services and business process outsourcing.
Infosys (formerly Infosys Technologies) is an Indian multinational that provides business
consulting, technology, engineering and outsourcing services. It is headquartered
in Bangalore, Karnataka. Infosys is the company by 2012 revenues, and the second largest
employer of H-1B visa professionals in the United States, as of 2012.On 28 March 2013,
its market capitalization was $30.8 billion, making it India's sixth largest publicly traded
company.
Product profile
Year Months Product name Salesquantity
Sales unit ofmeasurement
Sales value(Rs. Crores)
Product Mix(%)
1303 12 Software
Development
Charges
0 35163 95.64
1303 12 Software Products 0 1602 4.35
Broad
Industry
Information
Technology
ISIN No INE009A01021 Market Cap (Rs. Cr.) 189271.11
Industry Computers -
Software
BSE
Code
500209 FV/ML 5/1
Group Not Applicable NSE
Code
INFY 52 Week High/Low
(Rs.)
3850/2186
https://insight.dionglobal.in/IndustryData/Inddetmap.aspxhttps://insight.dionglobal.in/IndustryData/Inddetmap.aspxhttps://insight.dionglobal.in/IndustryData/Inddetmap.aspxhttps://insight.dionglobal.in/IndustryData/Inddetmap.aspx8/12/2019 Ashish AFS Infosys
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Profit & Loss - Infosys Ltd. Rs (in Crores)
Mar` 13 Mar` 12 Mar` 11 Mar` 10
Income:
Operating Income 36765 31254 25385 21140Expenses:
Financial Expenses 0 0 0 2
Personnel Expenses 19932 15481 12464 10356
Selling Expenses 0 0 0 87
Administrative Expenses 2849 1765 1311 1320
Expenses Capitalized 0 0 0 0
Operating Expenditure 22781 17246 13775 11765
Operating Profit 11015 10061 8414 7362
Other Recurring Income 2215 1829 1147 871
Adjusted PBDIT 13230 11890 9561 8233Provisions Made 0 0 0 0
Depreciation 956 794 740 807
Other Write offs 0 0 0 0
Adjusted PBT 12274 11096 8821 7424
Tax Charges 3241 3110 2378 1717
Adjusted PAT 9033 7986 6443 5707
Non Recurring Items 83 484 0 96
Other Non Cash adjustments 0 0 0 0
Reported Net Profit 9116 8470 6443 5803
Earnings Before Appropriation 29109 24061 20249 16108
Equity Dividend 2009 2699 3445 1434
Preference Dividend 0 0 0 0
Retained Earnings 26697 20924 16236 14434
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Balance sheet (in crore Rs)
Capital and Liabilities Mar` 13 Mar` 12 Mar` 11 Mar` 10
Owners' Fund
Equity Share Capital 287 287 287 287
Share Application Money 0 0 0 0Preference Share Capital 0 0 0 0
Reserves & Surplus 35772 29470 24214 21749
Loan Funds
Deposits 0 0 0 0
Borrowings made
by the bank
0 0 0 0
Other Liabilities &
Provisions
6969 6058 4353 4030
Total 43028 35815 28854 26066
Assests
Cash & Balances with RBI 20401 18057 13665 9797Money at call and
Short Notice
0 0 0 0
Investments 4344 1409 1325 4636
Advances 0 0 0 0
Fixed Assets
Gross Block 4453 4061 4056 6357
Less: Revaluation Reserve 0 0 0 0
Less: Accumulated
Depreciation
0 0 0 2578
Net Block 4453 4061 4056 3779
Capital Work-in-progress 1135 588 249 409
Other Assets 33096 29757 23224 17242
Miscellaneous Expenses
not written off
0 0 0 0
Total 43028 35815 28854 26066
Note
Contingent liabilities 1693 1024 1016 295
Book Value of Unquoted
Investment
4344 1409 1325 4636
Market Value of Quoted
Investment
0 0 0 0
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Common size Revenue Statement
Mar` 13 Percentage%
Income:
Operating Income 36765 100
Expenses:
Financial Expenses 0 0
Personnel Expenses 19932 54.21
Selling Expenses 0 0.00
Administrative Expenses 2849 7.749218006
Expenses Capitalized 0 0
Operating Expenditure 22781 61.96382429
Operating Profit 11015 29.96056032
Other Recurring Income 2215 6.024751802
Adjusted PBDIT 13230 35.98531212
Provisions Made 0 0
Depreciation 956 2.600299198
Other Write offs 0 0
Adjusted PBT 12274 33.38501292
Tax Charges 3241 8.815449476
Adjusted PAT 9033 24.56956344
Non Recurring Items 83 0.225758194
Other Non Cash adjustments 0 0
Reported Net Profit 9116 24.79532164Earnings Before Appropriation 29109 79.17584659
Equity Dividend 2009 5.464436285
Preference Dividend 0 0
Retained Earnings 26697 72.61525908
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common size balance sheet
Capital and Liabilities Mar` 13 Percentage %
Owners' Fund
Equity Share Capital 287 0.66700753
Share Application Money 0 0
Preference Share Capital 0 0
Reserves & Surplus 35772 175.3443459
Loan Funds 0
Deposits 0 0
Borrowings made 0 0
by the bank 0
Other Liabilities & 6969 16.19643023
Provisions 0
Total 43028 100
Assests 0
Cash & Balances with RBI 20401 47.41331226
Money at call and 0
Short Notice 0
Investments 4344 13.12545323
Advances 0 0
Fixed Assets 0
Gross Block 4453 10.34907502
Less: Revaluation Reserve 0 0
Less: Accumulated 0 0
Depreciation 0
Net Block 4453 10.34907502
Capital Work-in-progress 1135 2.637817235
Other Assets 33096 76.91735614
Miscellaneous Expenses 0 0
not written off 0
Total 43028 100
Note
Contingent liabilities 1693
Book Value of Unquoted 4344
Investment
Market Value of Quoted 0
Investment
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Comparison with competitors:
Balance sheet comparison
Balance Sheet (Rs in Cr.)
Infosys Oracle Financial Ser Tata Consultancy Mind Tree Ltd.
Mar` 13 Mar` 13 Mar` 13 Mar` 13
Capital and Liabilities
Owners' Fund
Equity Share Capital 287 42.03 195.72 41.5
Share Application Money 0 0 0 0
Preference Share Capital 0 0 100 0
Reserves & Surplus 35772 7250.31 32266.53 1272.2
Loan Funds
Deposits 0 0 0 0
Borrowings made
by the bank
0 0 0 0
Other Liabilities &
Provisions
6969 1033.54 10286.77 352.4
Total 43028 8325.88 42849.02 1666.1
Assests
Cash & Balances with RBI 20401 5018.34 4054.16 123.8
Money at call and
Short Notice
0 0 0 0
Investments 4344 729.24 6324.38 427.1
Advances 0 0 0 0
Fixed Assets
Gross Block 4453 649.26 9152.32 640.7Less: Revaluation Reserve 0 0 0 0
Less: Accumulated
Depreciation
0 275.29 4048.04 381.8
Net Block 4453 373.98 5104.28 258.9
Capital Work-in-progress 1135 13.27 1763.85 57.1
Other Assets 33096 7209.41 29819.63 947.9
Miscellaneous Expenses
not written off
0 0 0 0
Total 43028 8325.88 42849.02 1666.1
Note
Contingent liabilities 1693 19.34 10984.51 121.9
Book Value of Unquoted
Investment
4344 728.24 5944.49 40.8
Market Value of Quoted
Investment
0 1 2093.7 371
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P&L comparison
P&L Account (Rs in Cr.)
Infosys Oracle Financial
Ser
Tata
Consultancy
Mind Tree
Ltd.
Mar`13
Mar`13
Mar` 13 Mar` 13 Mar` 13
Income:
Operating Income 36765 2937.7 48426.14 2361.8
Expenses:
Financial Expenses 0 0 30.62 1
Personnel Expenses 19932 1435.71 17081.72 1427.4
Selling Expenses 0 0 0 0
Administrative Expenses 2849 367.15 17013.11 454.8
Expenses Capitalized 0 0 0 0
Operating Expenditure 22781 1802.86 34125.45 1883.2
Operating Profit 11015 1123.05 14306.27 452Other Recurring Income 2215 440.32 2230.39 35
Adjusted PBDIT 13230 1563.37 16536.66 487
Provisions Made 0 0 0 0
Depreciation 956 58.61 802.86 62.4
Other Write offs 0 0 0 0
Adjusted PBT 12274 1504.76 15703.18 423.6
Tax Charges 3241 475.5 2916.84 84.7
Adjusted PAT 9033 1029.26 12786.34 338.9
Non Recurring Items 83 0 0 0
Other Non Cash adjustments 0 0 0 0Reported Net Profit 9116 1029.26 12786.34 338.9
Earnings Before Appropriation 29109 5254.86 30918.54 1011.5
Equity Dividend 2009 0 3593.7 49.7
Preference Dividend 0 0 19 0
Retained Earnings 26697 5254.86 26593.66 953.7
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Ratio Comparison
Ratios (Rs in Cr.)
Infosys Oracle
Financial Ser
Tata
Consultancy
Mind
Tree Ltd.
Mar`13 Mar` 13 Mar` 13 Mar` 13
PER SHARE RATIOS
Adjusted E P S (Rs.) 157.30 0.00 122.44 65.23 81.59
Adjusted Cash EPS (Rs.) 173.95 0.00 129.41 69.33 96.62
Reported EPS (Rs.) 158.75 0.00 122.44 65.23 81.59
Reported Cash EPS (Rs.) 175.40 0.00 129.41 69.33 96.62
Dividend Per Share 42.00 0.00 0.00 22.00 12.00
Operating Profit Per Share (Rs.) 191.82 0.00 133.59 73.09 108.82
Book Value (Excl Rev Res) Per Share (Rs.) 627.95 0.00 867.46 165.86 316.29
Book Value (Incl Rev Res) Per Share (Rs.) 627.95 0.00 867.46 165.86 316.29
Net Operating Income Per Share (Rs.) 640.24 0.00 349.45 247.42 568.63Free Reserves Per Share (Rs.) 0.00 0.00 0.00 0.00 0.00
PROFITABILITY RATIOS
Operating Margin (%) 29.96 0.00 38.22 29.54 19.13
Gross Profit Margin (%) 27.36 0.00 36.23 27.88 16.49
Net Profit Margin (%) 23.38 0.00 30.46 25.24 14.13
Adjusted Cash Margin (%) 25.62 0.00 32.20 26.82 16.74
Adjusted Return On Net Worth (%) 25.05 0.00 14.11 39.32 25.79
Reported Return On Net Worth (%) 25.28 0.00 14.11 39.32 25.79
Return On long Term Funds (%) 34.03 0.00 20.63 48.19 32.24
LEVERAGE RATIOS
Long Term Debt / Equity 0.00 0.00 0.00 0.01 0.00
Total Debt/Equity 0.00 0.00 0.00 0.01 0.01
Owners fund as % of total Source 100.00 0.00 100.00 99.19 98.13
Fixed Assets Turnover Ratio 1.12 0.00 0.43 1.68 2.02
LIQUIDITY RATIOS
Current Ratio 4.75 0.00 6.98 2.90 2.69
Current Ratio (Inc. ST Loans) 4.75 0.00 6.98 2.85 2.39
Quick Ratio 4.69 0.00 6.91 2.88 2.59
Inventory Turnover Ratio 0.00 0.00 0.00 7,638.32 0.00
PAYOUT RATIOS
Dividend payout Ratio (Net Profit) 26.45 0.00 0.00 39.30 17.05Dividend payout Ratio (Cash Profit) 23.94 0.00 0.00 36.97 14.40
Earning Retention Ratio 73.30 0.00 100.00 60.70 82.95
Cash Earnings Retention Ratio 75.86 0.00 100.00 63.03 85.60
COVERAGE RATIOS
Adjusted Cash Flow Time Total Debt 0.00 0.00 0.00 0.01 0.06
Financial Charges Coverage Ratio 0.00 0.00 0.00 540.06 487.00
Fin. Charges Cov.Ratio (Post Tax) 0.00 0.00 0.00 444.80 402.30
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COMPONENT RATIOS
Material Cost Component(% earnings) 0.00 0.00 0.00 0.05 0.00
Selling Cost Component 0.00 0.00 0.00 0.00 0.00
Exports as percent of Total Sales 98.21 0.00 95.63 94.87 95.75
Import Comp. in Raw Mat. Consumed 0.00 0.00 0.00 74.42 0.00
Long term assets / Total Assets 0.23 0.00 0.13 0.30 0.43Bonus Component In Equity Capital (%) 93.26 0.00 73.89 79.65 61.09
Peer Comparison
Company Market Cap(Rs. in Cr.) P/E (TTM)(x) P/BV(TTM)
(x)EV/EBIDTA
(x) ROE(%) ROCE(%) D/E(x)
TCS 416,331.48 24.69 12.83 18.37 44.6 53.7 0.00
Infosys 189,151.78 19.67 5.25 10.93 27.7 37.5 0.00
Wipro 140,235.18 21.73 5.79 12.83 23.3 25.0 0.23
HCL Technologies 100,426.66 20.96 9.81 10.25 44.0 47.1 0.10
Tech Mahindra 42,485.06 19.26 9.91 13.57 17.1 16.6 0.33
Oracle Fin.Serv. 24,400.60 21.49 3.35 10.52 15.2 22.1 0.00
MphasiS 8,112.85 15.18 2.18 10.58 14.7 19.2 0.04
I Gate Computer 7,006.46 14.73 2.08 8.41 15.8 18.7 0.00
Polaris Finance 1,925.36 14.62 1.77 4.66 15.8 17.6 0.10
Hewlett-Packard 0.11 0.00 0.00 0.00 15.5 19.6 0.00
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Management Team
Name DesignationAnn M Fudge Independent Director
B G Srinivas Global Head
B G Srinivas Director
Basab Pradhan Senior Vice President & Global Head
Chandrashekar Kakal Senior Vice President & Global Head
Jeffrey S Lehman Independent Director
K Parvatheesam Co. Secretary & Compl. Officer
K Parvatheesam Secretary
K V Kamath Independent Director
Kiran Mazumdar Shaw Addnl.Independent Director
N R Narayana Murthy Executive Chairman
Nandita Gurjar Senior Vice President & Group Head
Omkar Goswami Independent Director
Prasad Thrikutam Senior Vice President & Global Head
R Seshasayee Independent Director
Rajiv Bansal Chief Financial Officer
Ravi Venkatesan Independent DirectorS D Shibulal CEO
S D Shibulal Managing Director & CEO
S Gopalakrishnan Executive Co Chairman
Sanjay Jalona Senior Vice President & Global Head
Sanjay Purohit Senior Vice President & Global Head
Srikantan Moorthy Senior Vice President & Group Head
Srinath Batni Director & Head
Srinath Batni Director
Stephen R Pratt Senior Vice President
U B Pravin Rao Senior Vice President & Global Head
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Shareholding Pattern
Category of ShareholderNo. of
ShareholdersTotal No. of
SharesTotal No. of Shares
held in
Dematerialized Form
Total Shareholding asa % of Total No. of
Shares
Shares pledged ootherwise encumbe
As a % of
(A+B)
As a % of
(A+B+C)
Number
of shares
As a
% of To
No. of
Shares
(A) Shareholding of Promoter
and Promoter Group
(1) Indian
Individuals / Hindu
Undivided Family
19 91508078 91508078 18.90 15.94 0 0
Sub Total 19 91508078 91508078 18.90 15.94 0
(2) Foreign
Total shareholding of
Promoter and Promoter
Group (A)
19 91508078 91508078 18.90 15.94 0
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI 363 31555884 31555884 6.52 5.50 0
Financial Institutions /
Banks
27 216171 216171 0.04 0.04 0
Insurance Companies 203 56389738 56389738 11.65 9.82 0
Foreign Institutional
nvestors
897 233412566 233402966 48.21 40.65 0
Sub Total 1490 321574359 321564759 66.42 56.00 0
(2) Non-Institutions
Bodies Corporate 2730 2743146 2730346 0.57 0.48 0
Individuals
Individual
shareholders holding nominal
share capital up to Rs. 1 lakh
356718 39154915 38056744 8.09 6.82 0
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Individual
shareholders holding nominal
share capital in excess of Rs. 1
akh
279 19934459 19692059 4.12 3.47 0
Any Others (Specify) 6989 9231876 9230240 1.91 1.61 0
NRIs/OCBs 6934 5678423 5676787 1.17 0.99 0
Trusts 55 3553453 3553453 0.73 0.62 0
Sub Total 366716 71064396 69709389 14.68 12.38 0
Total Public shareholding (B) 368206 392638755 391274148 81.10 68.38 0
Total (A)+(B) 368225 484146833 482782226 100.00 84.31 0
(C) Shares held by Custodiansand against which Depository
Receipts have been issued
0 0 0 0.00 0.00 0
(1) Promoter and Promoter
Group
0 0 0 0.00 0.00 0
(2) Public 1 90089333 90089333 0.00 15.69 0
Sub Total 1 90089333 90089333 0.00 15.69 0
Total (A)+(B)+(C) 368226 574236166 572871559 0.00 100.00 0
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BSE 52 weeks share price trend
NSE 52 weeks share price trend