Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 573681.29 Crore) operating in IT Software sector.
Financials
For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 26856.00 Crore, up 1.20 % from last quarter Total Income of Rs 26538.00 Crore and up 12.46 % from last year same quarter Total Income of Rs 23881.00 Crore. Company reported net profit after tax of Rs 5078.00 Crore in latest quarter.
Investment Rationale
While Q4FY21 revenue was a slight dampener, the brokerage expects strong growth in FY22 led by robust demand. The brokerage reiterates that it is only at the start of this tech upcycle. The stock trades at 25x FY22E. It maintains ‘BUY/SO’ with an unchanged TP of INR2,124 (36x Q2FY23E) as it rolls forward to Q2FY23E.
Promoter/FII Holdings
Promoters held 13 per cent stake in the company as of Dec 30, 2020, while FIIs held 32.6 per cent, DIIs 23.8 per cent and public and others 30.7 per cent.
