Infosys, a distinguished Indian multinational information technology enterprise renowned for its comprehensive suite of business consulting, information technology, and outsourcing services, presents an alluring opportunity for discerning investors. Founded in Pune and headquartered in Bangalore, this esteemed company has emerged as the second-largest IT firm in India, following Tata Consultancy Services, exhibiting robust financial prowess as evident from its remarkable revenue figures in 2020.
Notably, on 24 August 2021, Infosys achieved a monumental milestone, becoming the fourth Indian entity to surpass an astounding market capitalization of US$100 billion. Standing among the esteemed ranks of Big Tech (India) companies, Infosys exudes unparalleled potential for discerning investors seeking a visionary enterprise with a global footprint and a track record of impressive growth.
As of November 19th, 2023, Infosys is trading at Rs.1437 with a market cap of ₹ 5,95,771 Crore.
Infosys Q1 FY2024 Results: Summary
Infosys, the Indian IT major, delivered a YoY revenue growth of 4.2 percent in Q1 FY24, reaching ₹37,933 crores in consolidated revenue from operations. The quarter also witnessed an impressive attrition rate improvement, declining by over 300 basis points to stand at 17.3 percent. Additionally, Infosys secured large deals, contributing to a Total Contract Value (TCV) of $2.3 billion with a net new percentage of 56.1 percent. The company’s CEO, Salil Parekh, announced an expanded margin improvement program, focusing on five key areas to drive sustainable growth and operational excellence.
Then why did Infosy’s share price drop post-result?
The drop in Infosys’ share price post the result announcement can be attributed to the cut in the future revenue growth guidance. Despite delivering a YoY revenue growth of 4.2 percent in Q1 FY24, the company revised its revenue guidance for FY24 to a range of 1.0-3.5 percent, significantly lower than the initial guidance of 4-7 percent.
Below are the trading platforms that you can use to purchase Infosys:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2023 | ₹1,469.40 | ₹1,335.82 |
| December 2023 | ₹1,513.48 | ₹1,375.89 |
Infosys is down 5.70% YTD.
In the last two quarters of 2023, the share price target for Infosys 2023 shows a promising trajectory, with projected prices expected to exhibit steady growth throughout the year. In November 2023, the estimated share price is expected to range between ₹1,469.40 and ₹1,335.82, indicating potential upward movement.
December is expected to maintain this upward trend, with respective ranges of ₹1,513.48 to ₹1,375.89. The year is anticipated to conclude on a positive note, with December’s expected range at ₹1,513.48 to ₹1,375.89.
These projections present an appealing opportunity for investors looking to capitalize on Infosys’ potential growth.
Infosys is trading with a P/E of 24.03 whereas P/E of TCS is 28.67.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹1,593.14 | ₹1,385.34 |
| February 2024 | ₹1,642.41 | ₹1,428.18 |
| March 2024 | ₹1,659.00 | ₹1,442.61 |
| April 2024 | ₹1,508.18 | ₹1,311.46 |
| May 2024 | ₹1,416.13 | ₹1,231.42 |
| June 2024 | ₹1,699.36 | ₹1,477.70 |
| July 2024 | ₹1,614.39 | ₹1,403.82 |
| August 2024 | ₹1,775.83 | ₹1,544.20 |
| September 2024 | ₹1,864.62 | ₹1,621.41 |
| October 2024 | ₹1,792.91 | ₹1,559.05 |
| November 2024 | ₹1,810.83 | ₹1,574.64 |
| December 2024 | ₹1,828.94 | ₹1,590.39 |
The share price target for Infosys in 2024 displays a dynamic and favorable outlook, presenting potential opportunities for investors. The year starts on a positive note in January, with an estimated share price range of ₹1,593.14 to ₹1,385.34.
February and March follow suit with projected ranges of ₹1,642.41 to ₹1,428.18 and ₹1,659.00 to ₹1,442.61, respectively. April and May show moderate fluctuations, with respective ranges of ₹1,508.18 to ₹1,311.46 and ₹1,416.13 to ₹1,231.42.
June indicates a considerable spike, with the range spanning ₹1,699.36 to ₹1,477.70. The second half of the year demonstrates continued growth, culminating in December with an expected range of ₹1,828.94 to ₹1,590.39.
These projections underline Infosys’ potential as an attractive investment option with prospects for fruitful returns in 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹1,865.52 | ₹1,435.02 |
| February 2025 | ₹1,963.71 | ₹1,510.54 |
| March 2025 | ₹2,061.89 | ₹1,586.07 |
| April 2025 | ₹1,840.98 | ₹1,416.14 |
| May 2025 | ₹1,673.61 | ₹1,287.40 |
| June 2025 | ₹1,840.98 | ₹1,416.14 |
| July 2025 | ₹1,753.31 | ₹1,348.70 |
| August 2025 | ₹1,826.36 | ₹1,404.90 |
| September 2025 | ₹1,917.68 | ₹1,475.14 |
| October 2025 | ₹2,032.74 | ₹1,563.65 |
| November 2025 | ₹2,073.40 | ₹1,594.92 |
| December 2025 | ₹2,114.87 | ₹1,626.82 |
The share price target for Infosys in 2025 showcases a promising trajectory, with projected prices indicating a potential for substantial growth throughout the year. January commences with an estimated share price range of ₹1,865.52 to ₹1,435.02, setting a positive tone. February and March follow suit, with projected ranges of ₹1,963.71 to ₹1,510.54 and ₹2,061.89 to ₹1,586.07, respectively, signifying a continued upward trend.
While April and May show slight fluctuations with ranges of ₹1,840.98 to ₹1,416.14 and ₹1,673.61 to ₹1,287.40, respectively, June’s range echoes that of April, suggesting stability. The latter part of the year indicates further growth, culminating in December with an expected range of ₹2,114.87 to ₹1,626.82, making Infosys an enticing prospect for investors seeking long-term gains.
INFOSYS SHARE PRICE TARGET: 2026 – 2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹2,220.61 | ₹1,554.43 |
| 2027 | ₹2,442.67 | ₹1,709.87 |
| 2028 | ₹3,419.74 | ₹1,709.87 |
| 2029 | ₹2,960.81 | ₹1,480.41 |
| 2030 | ₹3,849.06 | ₹2,694.34 |
The share price targets for Infosys in the period from 2026 to 2030 indicate a compelling and promising outlook for potential investors. Starting in 2026, the projected share price ranges between ₹2,220.61 and ₹1,554.43, demonstrating steady growth potential. 2027 showcases a further positive trajectory, with an expected range of ₹2,442.67 to ₹1,709.87.
The year 2028 exhibits a remarkable surge, with projected prices reaching ₹3,419.74 at the maximum and ₹1,709.87 at the minimum. In 2029, the range is expected to be between ₹2,960.81 and ₹1,480.41, indicating continued growth. Lastly, 2030 presents a substantial leap, with projected prices ranging from ₹3,849.06 to ₹2,694.34, making Infosys an enticing choice for investors seeking long-term capital appreciation.
INFOSYS FINANCIAL CONDITION: LAST 5 YEARS
| Infosys Financials | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Sales
(in Rs. Crore) |
82,675 | 90,791 | 100,472 | 121,641 | 146,767 |
| Expenses
(in Rs. Crore) |
62,505 | 68,524 | 72,583 | 90,150 | 111,637 |
| Operating Profit
(in Rs. Crore) |
20,170 | 22,267 | 27,889 | 31,491 | 35,130 |
| Other Income
(in Rs. Crore) |
2,882 | 2,803 | 2,201 | 2,295 | 2,701 |
| Interest
(in Rs. Crore) |
0 | 170 | 195 | 200 | 284 |
| Depreciation
(in Rs. Crore) |
2,011 | 2,893 | 3,267 | 3,476 | 4,225 |
| Profit before tax
(in Rs. Crore) |
21,041 | 22,007 | 26,628 | 30,110 | 33,322 |
| Net Profit
(in Rs. Crore) |
15,410 | 16,639 | 19,423 | 22,146 | 24,108 |
| EPS (Rs) | 35.26 | 38.96 | 45.42 | 52.56 | 58.08 |
| Dividend Payout | 60% | 45% | 59% | 59% | 58% |
Over the past five years, Infosys has exhibited a robust financial condition, with consistent growth in key financial metrics. Sales have steadily increased from ₹82,675 crores in 2019 to ₹146,767 crores in 2023, showcasing the company’s ability to generate substantial revenue.
Efficient cost management is evident through controlled expenses while operating profit has risen from ₹20,170 crores in 2019 to ₹35,130 crores in 2023, indicating improved operational efficiency.
Additionally, the company’s diversified income streams, highlighted by rising other income, contributed to a strong overall performance. Steady growth in net profit, reaching ₹24,108 crores in 2023, reflects Infosys’ consistent profitability and rewarding shareholders with a consistent dividend payout ratio.
INFOSYS SHARE PRICE TARGET BY EXPERTS
BNP Paribas Securities recommends buying Infosys with a target price of Rs. 1600
ICICI Securities suggests purchasing Infosys with a target price of Rs. 1392
FAQS
As of 19th November 2023, the current share price of Infosys is around 1437 INR
Based on market analysis and expert opinions, the share price target for Infosys for 2030 is expected to range between ₹2,694.34 and ₹3,849.06, with the highest target price observed in the month of December 2030.
Infosys has slashed its growth range for the year 2023.
Though it is one of the best IT stocks in India, on the basis of Infosys growth outlook shared by the company, it is highly unlikely for Infosys to reach Rs.5000 anytime soon. However, Infosys should reach Rs.5000 in the next 10 years (i.e. by 2033).
What has been Infosys’ profit growth in the past 5 years?
Infosys’ profit growth has been consistently increasing over the past five years, with a maximum net profit of ₹24,108 crores in 2023 and a minimum of ₹15,410 crores in 2019.
Infosys’ share price target for 2025 indicates Infosys may be trading in the range of Rs1287.40 and ₹2,114.87
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Based on a comprehensive analysis of Infosys’ financial performance and market trends over the last five years, the company exhibits robust growth prospects, underscored by its commendable compounded sales and profit growth rates. With a market capitalization of ₹5,95,640 Crores, Infosys remains a compelling investment opportunity. Its consistent rise in net profit and earnings per share, coupled with a prudent dividend payout policy, highlights its commitment to rewarding shareholders.
Furthermore, the company’s efficient cost management, solid operating profit, and diversified income streams instill confidence in its long-term sustainability.
In conclusion, there’s no need to panic over the recent dip in Infosys’ stock price. When evaluating the potential of a company like Infosys as an investment opportunity, I always take into account three major factors:
- Is the company’s sales trajectory on the rise?
- Is the Price-to-Earnings (P/E) ratio below or above the median?
- Has the company consistently posted profitable results over the last three years?
When it comes to Infosys, my findings have been positive. The sales of the company are growing, the P/E ratio is comparatively low (indicating it could be a good time to start investing), and the company has consistently been posting profits year after year.
While it’s possible that Infosys might slide another 10-15%, this scenario would present a potential opportunity to add more to your portfolio at a discounted price. Even at the current price, it seems like a fair time to start adding Infosys to your portfolio, and any further drops could simply be viewed as opportunities to top up.
For those who invested at higher prices, there’s no need for panic. The recent dip should not deter you from considering adding more Infosys to your portfolio.
An interesting point to note: Infosys shares are currently trading 32% lower than their All-Time High (ATH) price of Rs.1930. To reach its ATH again, Infosys’ share price would need to climb by 44.54%. If this occurs before the end of 2025, that would result in an annual return of over 22%, which by many standards, is a strong investment.
As an innovative leader in the information technology sector, Infosys stands poised to deliver favorable returns, making it an enticing choice for discerning investors.
However, remember that this analysis is based on my personal insights and experiences, and should not be taken as financial advice. Always do your own research and consult with a financial advisor before making any investment decisions.
Disclaimer: This article on ‘Infosys share price target 2023 to 2030’ is written for educational purposes only and in no way financial advise. Please DYOR or consult a financial advisor before investing.
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