Infosys Ltd
INFY · Services-Computer Programming Services · EDGAR filings ↗
Reference price $1,091.36 — last insider sale, 2026-05-14 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
B83Dominant, scaled IT-services franchise with top-decile returns and strong cash generation, tempered by a clear growth stall.
Strengths
- Top-decile returns — ROE 28% and ROA 18% (both 89.5th pct) with operating/net margins in the 82nd pct
- Fortress balance sheet: cash 100th pct, interest coverage 83x, current ratio 2.3x
Risks
- Growth has stalled — revenue up only 3.8% (47th pct) and net income flat (-0.2%), a ~5% revenue CAGR
- Client concentration, intense services competition and disruptive AI shift to the delivery model
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $2.9B cash & investments
- Notable holderHeld by 4 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, FMR LLC +1 more (as of 2026-03-31)
- Insider sellingInsider selling — 4 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$119M, last 6mo) Form 4 ↗
Key metrics
Gross margin
30.5%
Operating margin
21.1%
Net margin
16.4%
Return on equity
28.1%
Return on assets
18.2%
Revenue growth (QoQ)
3.9%
Net-income growth
-0.2%
Interest coverage
83.1×
Current ratio
2.3×
Tangible book value
$10.1B
Cash & investments
$2.9B
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-14 | Sanghrajka Jayesh | Sell | 5.2K | $1,091.36 |
| 2026-05-14 | Mathew Shaji | Sell | 740 | $1,091.36 |
| 2026-05-14 | Sawhney Inderpreet | Sell | 6.8K | $11.77 |
| 2026-05-08 | Parekh Salil S. | Sell | 96K | $1,177.86 |
| 2026-05-02 | Parekh Salil S. | Option exercise | 231K | $5.00 |
| 2026-05-02 | Parekh Salil S. | Option exercise | 13K | $5.00 |
| 2026-03-31 | Sawhney Inderpreet | Option exercise | 4.9K | $0.10 |
| 2026-02-15 | Sawhney Inderpreet | Option exercise | 6.7K | $0.10 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-06-15 | 2026-03-31 | 0001193125-26-270520 ↗ |
| 20-F | 2025-07-01 | 2025-03-31 | 0000950170-25-091925 ↗ |
| 20-F | 2024-06-24 | 2024-03-31 | 0000950170-24-076649 ↗ |
| 20-F | 2023-06-15 | 2023-03-31 | 0000950170-23-028187 ↗ |
| 20-F | 2022-06-17 | 2022-03-31 | 0001564590-22-023521 ↗ |
| 20-F | 2021-06-11 | 2021-03-31 | 0001564590-21-032573 ↗ |
| 20-F | 2020-05-29 | 2020-03-31 | 0001564590-20-027585 ↗ |
| 20-F | 2019-06-19 | 2019-03-31 | 0001564590-19-022837 ↗ |
| 20-F | 2018-07-19 | 2018-03-31 | 0001564590-18-016985 ↗ |
| 20-F | 2017-06-12 | 2017-03-31 | 0001067491-17-000021 ↗ |
| 20-F | 2016-05-18 | 2016-03-31 | 0001067491-16-000076 ↗ |
| 20-F | 2015-05-20 | 2015-03-31 | 0001067491-15-000029 ↗ |