NSE: INFY· Info TechNot in Aug top-30Large cap
Infosys
Tactical IT floor trade
- Last close
- ₹1,015.40
- 29 Sept 2026 · reference
- 1D · 1M
- +1.2% · −11.2%
- price-only
- Weight
- 0.7%
- 31 Jul 2026 · Aug rank —
- Thesis review
- 8 Sep 2026
- Why We Own, p49
Where the price sits
52-week range, house target and street targets
52w low ₹98552w high ₹1,690
- Reference close₹1,015
- Antique Stock Broking Limited · HOLD₹1,115
Range from reference closes; street targets from the PDFs on file (Research & documents). Internal target is never shown to prospects.
Investment case and valuation
Approved model, 8 Sep 2026 review
₹1,087
Price (2026-09-07)
16.6x / 13.1x
FY27E / FY28E P/E (Buoyant sheet)
31.3%
FY27E ROE (Buoyant sheet)
14.2x
Trailing P/E
4.8x
Price / book
10%
EPS CAGR FY26–28E
TTM P/E 14.2x vs Jefferies' cited 5-yr average of 24x and 10-yr average of 20.5x (Mar-2025 note) - a ~40% discount to its own history; stock is -37% from 52-wk high Rs 1,728 after the Feb-2026 AI (Anthropic Claude) sell-off. P/B computed 1087/225. EV/EBITDA not computed (net cash not sourced). EV/EBITDA n.m.; dividend yield 4.4%.
- Model date
- 8 Sep 2026 (prices 7–8 Sep 2026)
- Horizon
- 12 months (bank pages: Sep-2027 roll-forward)
- Audience
- Internal — the book's guardrail: do not quote a target to a client; quote the thesis and the risk
- Reviewer · version
- Investment Committee framework · v1 (book)
Current vs history
Trailing multiples, FY-end
| Ratio | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 16.3x | 15.4x | 20.9x | 16.4x | 30.0x | 36.2x | 24.5x | 23.7x | 24.4x | 17.2x |
| Price to Book | 3.4x | 3.8x | 5.0x | 4.2x | 7.7x | 10.7x | 7.9x | 7.1x | 6.9x | 5.6x |
Tijori FY-end multiples on reported earnings/book; compatible definitions across years, but not the same basis as Buoyant's forward P/E on internal EPS.
UnavailableScenario lab disabled. Needs an approved forward EPS and forward P/E for Infosys plus a reference price. Missing inputs are not substituted.