| Intrinsic Valuation of: INFY | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 68 | Market Cap | ₹6,092B | |||||
| 2021 | - | - (-) | P/E Ratio | 22 | Total Asset | ₹17B | |||||
| 2022 | ₹3B | - (-) | Net Income | ₹3B | Total Debt | ₹0 | |||||
| 2023 | ₹3B | -17.1% (-25.7%) | EBITDA | ₹5B | Total Liab | ₹6B | |||||
| 2024 | ₹3B | 13.7% (11.6%) | Opr Margin | 0.21 | Debt/Equity | - | |||||
| 2025 | ₹4B | 41.8% (36.6%) | PreTax Margin | 20.90 | BV/Share | 2 | |||||
| 5Y Average FCF | ₹3B | 12.8% (7.5%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (12.8%) | ||||||||||
| 2026 | ₹5B | MBG Intrinsic Value | ₹604 | ||||||||
| 2027 | ₹5B | ||||||||||
| 2028 | ₹6B | ||||||||||
| 2029 | ₹7B | ||||||||||
| 2030 | ₹7B | ||||||||||
| 2031 | ₹8B | ||||||||||
| Terminal Value | ₹175B | Net Worth/Share | ₹3 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹143B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹3B | ₹35 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹0 | WACC | 7.3% | 31 | 33 | 36 | 39 | 44 | |||
| Equity Value | ₹146B | 7.4% | 31 | 33 | 36 | 39 | 43 | ||||
| Shares Outstanding | 4,145,270,016 | 7.4% | 30 | 33 | 35 | 39 | 43 | ||||
| 7.9% | 28 | 30 | 32 | 35 | 38 | ||||||
| DCF Intrinsic Value | ₹35 | 8.4% | 26 | 27 | 29 | 31 | 34 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||