Time period given by analyst is one year when Infosys Ltd. price can reach defined target.
Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 739036.56 Crore) operating in IT Software sector.
Infosys Ltd. key Products/Revenue Segments include Software Development Charges and Software Products for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 30126.00 Crore, up 5.64 % from last quarter Total Income of Rs 28518.00 Crore and up 19.83 % from last year same quarter Total Income of Rs 25140.00 Crore. Company reported net profit after tax of Rs 5428.00 Crore in latest quarter.
Investment Rationale
The brokerage has factored in USD revenue growth of 18.5/13.8/10.1% for FY22/23/24E with Q3FY22 at ~4% QoQ. EBIT margin is factored in at 23.4/23.2/23.5% for FY22/23/24E. Valuation is at 25.1x FY24E (~8% discount to TCS) with FY21-24E EPS CAGR at 13.9%.
Promoter/FII Holdings
Promoters held 12.95 per cent stake in the company as of 30-Jun-2021, while FIIs owned 33.39 per cent, DIIs 21.98 per cent.
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