Infosys Limited

INFY.BO

Information Technology Services · Technology

Price

₹1120.00

-10.20 (-0.90%)

Market Cap

₹4.54T

Exchange

Bombay Stock Exchange

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Strong

Growth

Mixed

Cash Flow

Exceptional

Stability

Exceptional

Valuation

Good

Dividends

Exceptional

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Share count falling — buybacks

−1.8% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 4.22B (2022) → 4.14B (2026)

Winston Score History

The full picture

Infosys is an Indian technology services company that helps large businesses around the world run their computer systems, build software, and manage data. Its main customers are banks, insurance companies, retailers, and manufacturers who need help with things like cloud computing, cybersecurity, and digital transformation. Founded in 1981 and headquartered in Bengaluru, India, Infosys is one of the largest IT services firms in the world.

The company makes money by charging clients fees for long-term outsourcing contracts, consulting projects, and managed services. It operates across North America, Europe, and Asia, generating most of its revenue from large enterprise clients in the United States and Europe. Infosys competes closely with rivals like TCS and Wipro, and its main advantage is a large, low-cost engineering workforce in India. The biggest risk it faces is that artificial intelligence tools could reduce demand for the manual software and IT work that forms the core of its business.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+6.6% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+15.0% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

14.9%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$4.8B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Infosys Limited is growing revenue at 7% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

31.5%

Modest — 31.5% gross margin

Profit after running costs

Operating Margin

21.4%

Excellent — 21.4% operating margin

Return on the money invested

ROCE

41.8%

Exceptional — 41.8% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth

Sales YoY

+4.0%

Slow sales growth (+4.0% YoY)

Profit growth

EPS YoY

+5.1%

Modest earnings growth (+5.1% YoY)

Single-digit earnings growth — steady but not exciting.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

124%

Turns 124% of profit into real cash

Spare cash per sale

FCF Margin

18.8%

Converts sales into free cash efficiently (18.8%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.04

Conservative — low debt load (0.04)

Covers its interest

Interest Cover

87.29x

Comfortably covers interest (87.3x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

14.3x

Attractive valuation — P/E 14.3

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

-0.3

SLOWING

Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend

Dividend Yield

4.11%

Healthy income — 4.11% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

+13.8%

Dividend growing fast (13.8% YoY)

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