Infosys Limited (INFY) - Net Assets
Based on the latest financial reports, Infosys Limited (INFY) has net assets worth Rs9.84 Billion INR (≈ $106.42 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs16.45 Billion ≈ $177.86 Million USD) and total liabilities (Rs6.61 Billion ≈ $71.44 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check INFY tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs9.84 Billion |
| % of Total Assets | 59.83% |
| Annual Growth Rate | 17.07% |
| 5-Year Change | -1.54% |
| 10-Year Change | -7.49% |
| Growth Volatility | 21.53 |
Infosys Limited - Net Assets Trend (1999–2026)
This chart illustrates how Infosys Limited's net assets have evolved over time, based on quarterly financial data. See INFY defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Infosys Limited (1999–2026)
The table below shows the annual net assets of Infosys Limited from 1999 to 2026. For live valuation and market cap data, see INFY stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs9.84 Billion ≈ $106.42 Million |
-12.57% |
| 2025-03-31 | Rs11.26 Billion ≈ $121.72 Million |
+6.13% |
| 2024-03-31 | Rs10.61 Billion ≈ $114.69 Million |
+14.97% |
| 2023-03-31 | Rs9.22 Billion ≈ $99.75 Million |
-7.70% |
| 2022-03-31 | Rs9.99 Billion ≈ $108.08 Million |
-4.84% |
| 2021-03-31 | Rs10.50 Billion ≈ $113.58 Million |
+20.70% |
| 2020-03-31 | Rs8.70 Billion ≈ $94.10 Million |
-7.44% |
| 2019-03-31 | Rs9.40 Billion ≈ $101.66 Million |
-5.62% |
| 2018-03-31 | Rs9.96 Billion ≈ $107.71 Million |
-6.36% |
| 2017-03-31 | Rs10.64 Billion ≈ $115.04 Million |
+14.08% |
| 2016-03-31 | Rs9.32 Billion ≈ $100.84 Million |
+6.41% |
| 2015-03-31 | Rs8.76 Billion ≈ $94.76 Million |
+10.45% |
| 2014-03-31 | Rs7.93 Billion ≈ $85.79 Million |
+8.21% |
| 2013-03-31 | Rs7.33 Billion ≈ $79.28 Million |
+11.48% |
| 2012-03-31 | Rs6.58 Billion ≈ $71.12 Million |
+7.42% |
| 2011-03-31 | Rs6.12 Billion ≈ $66.21 Million |
+14.20% |
| 2010-03-31 | Rs5.36 Billion ≈ $57.98 Million |
+41.68% |
| 2009-03-31 | Rs3.78 Billion ≈ $40.92 Million |
-3.22% |
| 2008-03-31 | Rs3.91 Billion ≈ $42.29 Million |
+43.91% |
| 2007-03-31 | Rs2.72 Billion ≈ $29.38 Million |
+46.71% |
| 2006-03-31 | Rs1.85 Billion ≈ $20.03 Million |
+47.81% |
| 2005-03-31 | Rs1.25 Billion ≈ $13.55 Million |
+31.40% |
| 2004-03-31 | Rs953.58 Million ≈ $10.31 Million |
+52.33% |
| 2003-03-31 | Rs626.00 Million ≈ $6.77 Million |
+41.51% |
| 2002-03-31 | Rs442.38 Million ≈ $4.78 Million |
+41.88% |
| 2001-03-31 | Rs311.79 Million ≈ $3.37 Million |
+57.36% |
| 2000-03-31 | Rs198.14 Million ≈ $2.14 Million |
+41.93% |
| 1999-03-31 | Rs139.60 Million ≈ $1.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Infosys Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 32726.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs13.46 Billion | 137.53% |
| Common Stock | Rs319.00 Million | 3.26% |
| Other Comprehensive Income | Rs771.00 Million | 7.88% |
| Total Equity | Rs9.79 Billion | 100.00% |
Infosys Limited Competitors by Market Cap
The table below lists competitors of Infosys Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Danone SA
PA:BN
|
$49.46 Billion |
|
Microchip Technology Inc
NASDAQ:MCHP
|
$49.53 Billion |
|
Ambev S.A.
SA:ABEV3
|
$49.56 Billion |
|
UCB SA
BR:UCB
|
$49.68 Billion |
|
Société Générale Société anonyme
F:SGE1
|
$49.28 Billion |
|
Samsung Electro-Mechanics
KO:009150
|
$49.26 Billion |
|
Nu Holdings Ltd
NYSE:NU
|
$48.78 Billion |
|
GALDERMA GROUP AG
NYSE:GALDY
|
$48.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Infosys Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 11,205,000,000 to 9,786,000,000, a change of -1,419,000,000 (-12.7%).
- Net income of 3,313,000,000 contributed positively to equity growth.
- Dividend payments of 2,133,000,000 reduced retained earnings.
- Share repurchases of 2,006,000,000 reduced equity.
- Other comprehensive income decreased equity by 398,000,000.
- Other factors decreased equity by 195,000,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs3.31 Billion | +33.85% |
| Dividends Paid | Rs2.13 Billion | -21.8% |
| Share Repurchases | Rs2.01 Billion | -20.5% |
| Other Comprehensive Income | Rs-398.00 Million | -4.07% |
| Other Changes | Rs-195.00 Million | -1.99% |
| Total Change | Rs- | -12.66% |
Book Value vs Market Value Analysis
This analysis compares Infosys Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 477.14x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 31793.50x to 477.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-03-31 | Rs0.04 | Rs1127.50 | x |
| 2000-03-31 | Rs0.05 | Rs1127.50 | x |
| 2001-03-31 | Rs0.07 | Rs1127.50 | x |
| 2002-03-31 | Rs0.10 | Rs1127.50 | x |
| 2003-03-31 | Rs0.15 | Rs1127.50 | x |
| 2004-03-31 | Rs0.22 | Rs1127.50 | x |
| 2005-03-31 | Rs0.29 | Rs1127.50 | x |
| 2006-03-31 | Rs0.41 | Rs1127.50 | x |
| 2007-03-31 | Rs0.60 | Rs1127.50 | x |
| 2008-03-31 | Rs0.86 | Rs1127.50 | x |
| 2009-03-31 | Rs0.83 | Rs1127.50 | x |
| 2010-03-31 | Rs1.17 | Rs1127.50 | x |
| 2011-03-31 | Rs1.34 | Rs1127.50 | x |
| 2012-03-31 | Rs1.44 | Rs1127.50 | x |
| 2013-03-31 | Rs1.60 | Rs1127.50 | x |
| 2014-03-31 | Rs1.74 | Rs1127.50 | x |
| 2015-03-31 | Rs1.92 | Rs1127.50 | x |
| 2016-03-31 | Rs2.04 | Rs1127.50 | x |
| 2017-03-31 | Rs2.33 | Rs1127.50 | x |
| 2018-03-31 | Rs2.21 | Rs1127.50 | x |
| 2019-03-31 | Rs2.16 | Rs1127.50 | x |
| 2020-03-31 | Rs2.03 | Rs1127.50 | x |
| 2021-03-31 | Rs2.44 | Rs1127.50 | x |
| 2022-03-31 | Rs2.32 | Rs1127.50 | x |
| 2023-03-31 | Rs2.19 | Rs1127.50 | x |
| 2024-03-31 | Rs2.55 | Rs1127.50 | x |
| 2025-03-31 | Rs2.70 | Rs1127.50 | x |
| 2026-03-31 | Rs2.36 | Rs1127.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Infosys Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 33.85%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.44%
- • Asset Turnover: 1.23x
- • Equity Multiplier: 1.68x
- Recent ROE (33.85%) is above the historical average (27.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 12.46% | 14.38% | 0.79x | 1.10x | Rs3.44 Million |
| 2000 | 30.96% | 30.15% | 0.93x | 1.11x | Rs41.53 Million |
| 2001 | 42.32% | 31.88% | 1.21x | 1.10x | Rs100.77 Million |
| 2002 | 37.18% | 30.17% | 1.16x | 1.07x | Rs120.23 Million |
| 2003 | 31.13% | 25.85% | 1.07x | 1.13x | Rs132.27 Million |
| 2004 | 28.34% | 25.44% | 0.94x | 1.19x | Rs174.93 Million |
| 2005 | 33.44% | 26.32% | 1.09x | 1.16x | Rs293.70 Million |
| 2006 | 30.21% | 25.79% | 1.04x | 1.12x | Rs371.30 Million |
| 2007 | 31.28% | 27.51% | 1.01x | 1.13x | Rs578.30 Million |
| 2008 | 29.54% | 27.66% | 0.93x | 1.15x | Rs764.00 Million |
| 2009 | 33.85% | 27.47% | 1.07x | 1.16x | Rs902.60 Million |
| 2010 | 24.49% | 27.33% | 0.78x | 1.15x | Rs776.90 Million |
| 2011 | 24.49% | 24.81% | 0.86x | 1.15x | Rs886.80 Million |
| 2012 | 26.09% | 24.54% | 0.93x | 1.15x | Rs1.06 Billion |
| 2013 | 23.53% | 23.32% | 0.87x | 1.16x | Rs991.90 Million |
| 2014 | 22.07% | 21.23% | 0.87x | 1.20x | Rs957.70 Million |
| 2015 | 22.97% | 23.11% | 0.82x | 1.21x | Rs1.14 Billion |
| 2016 | 22.01% | 21.60% | 0.84x | 1.22x | Rs1.12 Billion |
| 2017 | 20.12% | 20.96% | 0.79x | 1.21x | Rs1.08 Billion |
| 2018 | 24.96% | 22.73% | 0.89x | 1.23x | Rs1.49 Billion |
| 2019 | 23.42% | 18.64% | 0.96x | 1.30x | Rs1.26 Billion |
| 2020 | 26.96% | 18.24% | 1.04x | 1.42x | Rs1.47 Billion |
| 2021 | 25.02% | 19.27% | 0.91x | 1.42x | Rs1.57 Billion |
| 2022 | 29.81% | 18.17% | 1.05x | 1.56x | Rs1.97 Billion |
| 2023 | 32.50% | 16.37% | 1.19x | 1.67x | Rs2.06 Billion |
| 2024 | 29.99% | 17.06% | 1.12x | 1.56x | Rs2.11 Billion |
| 2025 | 28.18% | 16.38% | 1.11x | 1.55x | Rs2.04 Billion |
| 2026 | 33.85% | 16.44% | 1.23x | 1.68x | Rs2.33 Billion |
Industry Comparison
This section compares Infosys Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,288,686,160
- Average return on equity (ROE) among peers: 67.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Infosys Limited (INFY) | Rs9.84 Billion | 12.46% | 0.67x | $49.35 Billion |
| AAA Technologies Limited (AAATECH) | $48.50 Million | 20.61% | 1.07x | $13.64 Million |
| Accelya Solutions India Limited (ACCELYA) | $1.13 Billion | 73.39% | 0.92x | $184.28 Million |
| Adroit Infotech Limited (ADROITINFO) | $62.35 Million | -0.08% | 1.33x | $5.85 Million |
| Airan Limited (AIRAN) | $188.59 Million | 6.62% | 0.62x | $22.00 Million |
| Alankit Limited (ALANKIT) | $469.05 Million | 28.31% | 0.66x | $25.37 Million |
| Bartronics India Limited (ASMS) | $254.08 Million | 433.82% | 0.09x | $26.22 Million |
| BIRLASOFT LIMITED (BSOFT) | $2.64 Billion | 19.89% | 0.66x | $982.78 Million |
| Computer Age Management Services Limited (CAMS) | $5.16 Billion | 39.80% | 0.63x | $2.23 Billion |
| Cigniti Technologies Limited (CIGNITITEC) | $2.67 Billion | 45.50% | 0.80x | $374.23 Million |
| Cambridge Technology Enterprises Limited (CTE) | $258.77 Million | 4.28% | 0.23x | $6.62 Million |
About Infosys Limited
Infosys Limited provides consulting, technology, outsourcing, and digital services worldwide. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, and metaverse; data analytics and AI, applied AI, generative AI, and sustainability; blockchain, engineering, and Internet of Things; enterprise agile DevOps, API economy and microservices, applica… Read more