Proud to Say that Infy was One More Indian company to enter into the elite club of 1 Lakh Cr Sales making companies last year. Infosys was founded by seven engineers in Pune with an initial capital of $250 in 1981. An IPO was floated in February 1993 with an offer price of ₹95 per share against a book value of ₹20 per share. The IPO was undersubscribed but it was "bailed out" by US investment bank Morgan Stanley, which picked up a 13% equity stake at the offer price. Its shares were listed in June 1993 with the trading opening at ₹145 per share. Infosys shares were listed on the Nasdaq stock exchange in 1999 as ADR. It became the first Indian company to be listed on Nasdaq. The share price surged to ₹8,100 by 1999 making it the costliest share on the market at the time. At that time, Infosys was among the 20 biggest companies by market capitalization on the Nasdaq. The ADR listing was shifted from Nasdaq to NYSE Euronext to give European investors better access to the company's shares.
2nd Largest IT consulting company & 8th largest Indian company as real MCap. Revenue and profits during the year 2001 were 2000 Cr and 600 Cr respectively while this year we saw Infy cross the Landmark sales of 1 Lakh Cr and enter into few Indian companies making sales of 1 Lakh Cr Plus, proud to see this increasing number of Indian companies. They grew from mere 2000 cr Sales during year 2000 to this year crossing 1 lakh cr shows 50X growth. The high growth of around 20% CAGR helped Investors Create wealth as an Investment of 1 lakh should be more than 18cr during the past 25 years along with received healthy & consistent dividends should be multiple times of Investment as Infy distributes around 60% profits in dividends.
Current Year revenue and profit are inline and as expected as they have grown by 21% and 14% respectively which is good growth. The manufacturing Segment has grown boom by 41% while life science grew by 24%. Their Biggest Sales contributor are BFSI, Retail & Communication. We may see this year Infy grow sales and Profits by 20% and 13% respectively. New buying has been recommended around 800 last year while planned to book profits of 5% near 1886 which we just saw few months back. New buying again can be done during any fall near 1434 which target this year should be 2200 where can book another 5% Profits. Yes war and increasing inflation in developed countries can affect near term sales and profits, yet can hold it for long term wealth creation.
Infy has planned to distribute around 85% of yearly cash flow in terms of Dividends as well as Buy-backs or Bonus showing near-term yield to be good.