HCL Infosystems Limited
NSE: HCL-INSYSComputers Hardware & Equipments
Share price
₹10.00
+0.81% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
19
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹330 Cr
P/E ratio
—
P/B ratio
-1.1
ROCE
-51.6%
ROE
—
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales fell 22.4% over the past year. Meanwhile what it keeps of every 100 rupees of sales slipped from -187.6% to -335.6% over the last four years.
Whether it grew faster than its sector
It grew -29.0% a year against a sector median of 14.5% — 43.5 percentage points slower.
Room to re-rate, or risk of de-rating
It has no earnings, so there is no price-to-earnings to compare.
Whether growth justifies the valuation
It has no earnings to weigh the price against.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| HCL Infosystems Limited — this one | 12%/yr | — | — |
| GNG Electronics Limited | 59%/yr | 55.1× | ₹0.93 |
| Rashi Peripherals Limited | 31%/yr | 18.4× | ₹0.59 |
| Moschip Technologies Limited | 87%/yr | 118.9× | ₹1.4 |
| NELCO Limited | -69%/yr | 328.8× | — |
| D-Link (India) Limited | 2%/yr | 13.3× | ₹6.6 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Computers Hardware & Equipments), it ranks 10 of 10 on returns, 10 of 10 on growth, 10 of 10 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
It is losing money on the capital in the business, so there is no advantage to measure.
Whether its growth pays for itself
Yes — Over the last five years it made ₹111 crore of cash from the business, spent ₹177 crore on plant and equipment, and returned ₹201 crore to lenders and shareholders. It has not made a profit over 12 years.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
4 of 8 checks clear · 50%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 6 Aug 2026 · Consolidated · Unaudited
Revenue
₹4 Cr
Revenue vs last year
-40.3%
Revenue vs last quarter
-16.4%
Net profit
-₹17 Cr
Net margin
-399.0%
EPS
₹-0.51
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹330 Cr
- Prev close
- ₹10.00
- 52w High
- ₹16.5
- 52w Low
- ₹9.0
- Enterprise value
- ₹449 Cr
- Beta
- 1.4
- Price CAGR 1y
- -34.0%
- Price CAGR 3y
- -14.0%
- Price CAGR 5y
- -7.0%
- Price CAGR 10y
- -15.0%
Ratios
- Return on assets
- -7.5%
- PEG ratio
- —
- P/E ratio
- —
- P/B ratio
- -1.1
- EV / EBITDA
- —
- Industry P/E
- 25.4
- ROCE
- -51.6%
- ROCE 5y average
- -34.2%
- ROE
- —
- Debt / Equity
- —
- Interest coverage
- -5.6
- Dividend yield
- 0.0%
- ROE 3y average
- —
- ROE last year
- —
Annual P&L
- Annual revenue
- ₹22 Cr
- Annual profit
- -₹33 Cr
- Operating margin
- -271.0%
- Net profit margin
- -150.0%
- EBITDA margin
- -268.2%
- Sales growth 3y
- -10.8%
- Sales growth 5y
- -42.6%
- Profit growth 3y
- 12.0%
- Profit growth 5y
- 13.0%
- EPS
- ₹-1.0
- Sales growth TTM
- -22.0%
- Profit growth TTM
- -59.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹4 Cr
- Profit latest quarter
- -₹17 Cr
- YoY quarterly sales growth
- -40.5%
- YoY quarterly profit growth
- —
- OPM latest quarter
- -328.0%
Balance Sheet
- Book Value
- —
- Face Value
- ₹2.0
- Total debt
- ₹333 Cr
- Total cash
- ₹185 Cr
- Borrowings
- ₹333 Cr
- Reserves / Equity
- -5.5
Cash Flow
- Operating cash flow
- ₹0 Cr
- Free cash flow
- -₹1 Cr
- FCF yield
- -1.6%
- Net cash flow
- ₹1 Cr
Shareholding
- Promoter holding
- 62.9%
- FII holding
- 0.0%
- DII holding
- 0.0%
- Public holding
- 37.1%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| GNG Electronics | 731.35 | 58.5 | 8,338 | 0.00 | 28.9 | 56.2 | 412.5 | 32.1 | 20.2 |
| Rashi Peripheral | 939.70 | 19.6 | 6,240 | 0.21 | 104.6 | 67.6 | 5,101.9 | 61.9 | 17.0 |
| Moschip Tech. | 195.20 | 119.5 | 3,810 | 0.00 | 2.5 | -77.6 | 116.2 | -14.3 | 11.0 |
| NELCO | 915.80 | 350.1 | 2,090 | 0.11 | 2.3 | 15.6 | 80.0 | 7.0 | 7.2 |
| D-Link India | 419.20 | 13.9 | 1,488 | 6.20 | 27.6 | 13.3 | 457.0 | 30.5 | 25.9 |
| Bharat Global | 103.00 | 1,043 | 0.00 | -1.1 | -178.3 | 0.0 | -100.0 | -0.0 | |
| Control Print | 619.95 | 25.5 | 992 | 1.61 | 3.9 | -39.5 | 115.6 | 3.8 | 16.4 |
| HCL Infosystems | 10.05 | 331 | 0.00 | -16.7 | -270.7 | 4.2 | -40.5 | -51.6 | |
| Median | 272.95 | 25.5 | 737 | 0.00 | 3.9 | 13.3 | 93.0 | 12.4 | 14.1 |
Competes with: Control Print Limited, D-Link (India) Limited, GNG Electronics Limited, Moschip Technologies Limited, NELCO Limited, Rashi Peripherals Limited, TVS Electronics Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11 | 5.99 | 8.16 | 6.72 | 7.47 | 6.79 | 5.70 | 4.65 | 7.03 | 5.07 | 4.22 | 5.28 | 4.18 |
| Expenses | 22 | 21 | 25 | 20 | 18 | 20 | 20 | 19 | 17 | 22 | 19 | 22 | 18 |
| Material Cost | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Change in Inventories | 0.02 | -0.08 | 0.07 | 0.05 | -0.01 | -0.12 | |||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Employee Cost | 4.81 | 4.56 | 3.87 | 3.12 | 3.40 | 3.33 | |||||||
| Other Expenses | 14 | 13 | 19 | 16 | 19 | 15 | |||||||
| Operating Profit | -11 | -15 | -17 | -14 | -10 | -13 | -14 | -14 | -10 | -17 | -15 | -17 | -14 |
| OPM % | -98 | -257 | -205 | -202 | -138 | -194 | -248 | -304 | -144 | -343 | -352 | -319 | -328 |
| Other Income | 5 | 20 | 8 | 8 | 6 | 6 | 9 | 10 | 6 | 12 | 5 | 8 | 4 |
| Exceptional items (within Other Income) | 5.84 | 0 | 0 | -2.17 | 0.57 | 0 | |||||||
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 7 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -6 | 5 | -9 | -5 | -4 | -8 | -5 | -4 | -4 | -6 | -10 | -13 | -17 |
| Tax % | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -6 | 5 | -9 | -6 | -4 | -8 | -5 | -4 | -4 | -6 | -10 | -13 | -17 |
| EPS in Rs | -0.18 | 0.15 | -0.28 | -0.17 | -0.13 | -0.24 | -0.16 | -0.12 | -0.14 | -0.17 | -0.30 | -0.40 | -0.51 |
| Diluted EPS in Rs | -0.12 | -0.14 | -0.17 | -0.30 | -0.40 | -0.51 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Jun 2015 | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,220 | 3,656 | 3,225 | 3,565 | 3,875 | 1,815 | 353 | 69 | 31 | 32 | 25 | 22 | 19 |
| Expenses | 6,317 | 3,846 | 3,434 | 4,304 | 4,011 | 2,033 | 601 | 170 | 103 | 88 | 76 | 80 | 82 |
| Material Cost | 0 | 0 | |||||||||||
| Change in Inventories | 0.08 | 0.03 | |||||||||||
| Purchases of Stock-in-Trade | 0 | 0 | |||||||||||
| Employee Cost | 21 | 15 | |||||||||||
| Other Expenses | 55 | 66 | |||||||||||
| Operating Profit | -97 | -190 | -208 | -739 | -137 | -218 | -248 | -100 | -71 | -56 | -51 | -59 | -63 |
| OPM % | -1.60 | -5 | -6 | -21 | -3.50 | -12 | -70 | -144 | -227 | -173 | -208 | -271 | -335 |
| Other Income | 130 | 138 | 135 | 99 | 140 | 243 | 113 | 143 | 37 | 42 | 31 | 31 | 29 |
| Exceptional items (within Other Income) | 5.84 | -1.61 | |||||||||||
| Interest | 155 | 135 | 152 | 141 | 123 | 90 | 56 | 16 | 4 | 2 | 1 | 4.66 | 11 |
| Depreciation | 52 | 32 | 31 | 27 | 12 | 9 | 4 | 1 | 1 | 1 | 0.47 | 0.34 | 0 |
| Profit before tax | -174 | -219 | -257 | -809 | -132 | -74 | -195 | 26 | -39 | -16 | -21 | -33 | -45 |
| Tax % | 6 | -2 | -4 | 1 | 2 | 84 | 1 | 5 | 0 | 0 | 0 | 0 | |
| Net Profit | -185 | -214 | -248 | -814 | -135 | -136 | -197 | 25 | -39 | -16 | -21 | -33 | -45 |
| EPS in Rs | -5.61 | -6.51 | -7.53 | -25 | -4.11 | -4.14 | -5.98 | 0.74 | -1.18 | -0.48 | -0.64 | -1 | -1.38 |
| Diluted EPS in Rs | -0.64 | -1 | |||||||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- -40%
- 5 years
- -43%
- 3 years
- -11%
- TTM
- -22%
Compounded profit growth
- 10 years
- 6%
- 5 years
- 13%
- 3 years
- 12%
- TTM
- -59%
Stock price CAGR
- 10 years
- -15%
- 5 years
- -7%
- 3 years
- -14%
- 1 year
- -34%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 45 | 45 | 45 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 |
| Reserves | 1,213 | 759 | 505 | 170 | 38 | -108 | -306 | -281 | -319 | -335 | -357 | -362 |
| Borrowings | 1,251 | 1,281 | 1,337 | 1,252 | 898 | 505 | 538 | 414 | 355 | 355 | 355 | 333 |
| Other Liabilities | 1,438 | 1,481 | 1,297 | 1,390 | 989 | 584 | 352 | 292 | 404 | 370 | 369 | 404 |
| Minority Interest | 0 | 0 | ||||||||||
| Total Liabilities | 3,947 | 3,566 | 3,184 | 2,877 | 1,992 | 1,047 | 649 | 491 | 506 | 456 | 433 | 440 |
| Fixed Assets | 811 | 727 | 638 | 165 | 142 | 55 | 36 | 4 | 3 | 3 | 2 | 2 |
| CWIP | 1 | 4 | 5 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 235 | 50 | 121 | 122 | 0 | 0 | 0 | 97 | 44 | 26 | 36 | 29 |
| Other Assets | 2,900 | 2,784 | 2,420 | 2,587 | 1,850 | 992 | 614 | 390 | 459 | 427 | 395 | 409 |
| Total Assets | 3,947 | 3,566 | 3,184 | 2,877 | 1,992 | 1,047 | 649 | 491 | 506 | 456 | 433 | 440 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -369 | -186 | 77 | -351 | 441 | 62 | -15 | 101 | 74 | -36 | -28 | -0.38 |
| Cash from Investing Activity | 288 | 349 | -3 | 94 | 11 | 393 | 20 | 21 | -14 | 31 | 23 | 1 |
| Cash from Financing Activity | -2 | -88 | -135 | 235 | -477 | -490 | -22 | -139 | -62 | -0 | -0 | -0 |
| Net Cash Flow | -84 | 75 | -61 | -22 | -25 | -35 | -16 | -17 | -2 | -6 | -5 | 1 |
| Free Cash Flow | -316 | -208 | 65 | -373 | 431 | 91 | -12 | 240 | 107 | -36 | -22 | -1 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 51 | 155 | 146 | 132 | 54 | 39 | 90 | 145 | 295 | 210 | 246 | 273 |
| Inventory Days | 20 | 30 | 22 | 37 | 10 | 6 | 5 | 18 | ||||
| Days Payable | 83 | 110 | 113 | 105 | 69 | 78 | 236 | 2,594 | ||||
| Cash Conversion Cycle | -12 | 74 | 55 | 64 | -6 | -33 | -141 | -2,431 | 295 | 210 | 246 | 273 |
| Working Capital Days | 4 | 19 | -54 | -37 | -59 | -102 | -580 | -3,024 | -8,081 | -7,668 | -10,128 | -11,786 |
| ROCE % | -2 | -4 | -5 | -38 | -1 | -20 | -37 | -24 | -32 | -28 | -35 | -52 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
119inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about HCL Infosystems Limited. Open one to see why it matters.
25 Sept, 20:30 IST · Company event · low impact
HCL Infosystems Limited — status update on Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Sells to
- HCL Infotech Limited · operational and financial support for execution of transferred long-term contracts
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Information Technology
- Industry
- Computers Hardware & Equipments
- Classification
- Information Technology › Computers Hardware & Equipments
- ISIN
- INE236A01020
News impact
Big market events that reach HCL Infosystems Limited, and how the effect spreads.
1 Oct, 15:03 IST · Market event · medium impact
Infosys shares recover from 52-week low after ABN AMRO deal extension
Infosys extended its ABN AMRO bank deal and its shares rose 0.71% to Rs 1001.20 off a 52-week low, helping Infosys holders while rivals and suppliers gain nothing.
Who it hits first
- Infosys, a large software-services firm, extended its deal with Dutch bank ABN AMRO.
- Its shares traded at Rs 1001.20, up 0.71% (Rs 7.10) from the Rs 994.10 previous close, recovering from a 52-week low.
- The pack carries no deal value or tenure, so the size of the retained revenue is unknown.
Who may gain
- Infosys (software services): keeps ABN AMRO revenue and steadies off its 52-week low.
- ABN AMRO (Dutch bank client): keeps its existing vendor instead of a risky switch.
- Infosys shareholders who bought near the 52-week low: up 0.71% on the day.
Along the supply chain
Downstream
ABN AMRO, the Dutch bank client, keeps its vendor; Infosys' listed downstream clients in the pack are two Indian banks, Axis Bank and ICICI Bank, whose own business this Dutch extension does not touch.
Upstream
Vendors that sell to Infosys — its listed suppliers in the pack — see no change, since extending an existing bank deal continues current work rather than placing new orders.
Where demand moves
Business
ABN AMRO keeps buying Infosys software services instead of rebidding the work — demand retained, not new — and no extra work flows to rivals or suppliers from an extension alone.
Capital
Investors nibbled Infosys up 0.71% off its 52-week low; there is no sympathy-buying case for peers since sector readthrough is nil.
How it spreads across sectors
Financial Services
None for the banks: ABN AMRO is not listed here and Infosys' Indian bank clients are untouched by a Dutch extension.
Information Technology
Negligible: a single retained deal lifts only Infosys (+0.71%); rivals gain no business and the pack flags sector readthrough false.
When it plays out
Immediate
Infosys steadies near Rs 1000 over 1-7 days as extension relief offsets the 52-week-low overhang; peers drift on their own news.
Medium term
European bank renewals and client budgets over 1-6 months decide whether Infosys re-rates beyond this relief bounce.
Short term
Without a disclosed deal value, the stock needs quarterly results or fresh wins in 1-4 weeks to extend the recovery.
30 Sept, 00:07 IST · Market event · high impact
US tightens H-1B rules again: How new fees and layoff scrutiny could affect Indian tech workers
The US added a $100,000 H-1B fee plus tougher checks, raising costs for Indian IT firms like Tata Consultancy Services and Infosys and hurting margins, with no clear winners.
Who it hits first
- The US has added a $100000 payment for certain new H-1B (US work visa) hires from abroad, plus extra employer fees, closer checks when US staff are laid off, and tougher enforcement.
- Tata Consultancy Services, Infosys and Wipro — India's large IT services firms that send engineers to work at US client offices — now pay more for each US placement and wait longer for approvals.
- H-1B sign-ups are already falling as firms move work to India or hire locally in America, which trims profit margins (profit left per rupee of sales) for the most US-linked firms.
Who may gain
- No clear winner among Indian IT firms — this is a cost rise for US-linked work, not new demand, so domestic cloud and software names only avoid the hit rather than gain.
Along the supply chain
Downstream
Big bank buyers of IT work such as State Bank of India and ICICI Bank, which hire Tata Consultancy Services and Infosys to run software, see no direct change — projects continue, just delivered more from India.
Upstream
Vendors that serve the big IT firms — Prestige Estates which rents office space, Tata Communications which provides network links, and staffing and facility helpers — see slower growth in US-site support as hiring tilts to India.
Where demand moves
Business
Client demand for software work does not grow or shrink — the same US projects simply cost more when they need staff on American sites, so more coding and support shifts to Indian delivery centres.
Capital
Investors grow cautious on export-heavy IT shares as margins look thinner, so money pauses or drifts to domestic-focused software names until firms show how much of the fee clients will bear.
How it spreads across sectors
Information Technology
Export-heavy IT services face higher US staffing costs and near-term margin pressure, while domestic software, map and cloud names feel only brief sentiment selling.
When it plays out
Immediate
In the next few days IT shares wobble and H-1B filings slow further as firms pause US hires.
Medium term
Over the next few months delivery settles with more offshore work and local US recruits, leaving a lasting small margin drag for the most US-exposed firms.
Short term
Over the next few weeks firms spell out extra costs, add Indian and US local hiring, and accept slightly thinner margins.
29 Sept, 21:41 IST · Market event · medium impact
H-1B registrations plunge as Indian IT firms shift US staffing strategy
Higher US visa costs are pushing Indian IT firms toward local US hiring and offshore work, squeezing near-term margins for big exporters like TCS and Infosys while leaving domestic tech mostly unaffected.
Who it hits first
- Tata Consultancy Services (TCS, India's largest IT services exporter) and Infosys (IT services) face higher cost to place staff in the US as H-1B registrations plunge on higher visa costs.
- The shift toward hiring locally in the US and doing more work offshore in India trims near-term profit margins for visa-heavy exporters before any savings arrive.
- Mid-tier exporters like Tech Mahindra (telecom-focused IT services), Persistent Systems (software product engineering) and Coforge (IT services) face the same margin squeeze on US onsite work.
Who may gain
- No clear winner inside Indian IT — this is a cost shock that squeezes exporters rather than creating new demand.
- India-based cloud and data-center providers like E2E Networks (India cloud provider) could see a mild lift if more work shifts offshore, but the pack shows no direct order link.
Along the supply chain
Downstream
Downstream bank customers the graph lists — State Bank of India and Indian Bank for TCS, Axis Bank and ICICI Bank for Infosys — see no direct disruption, only possible slower pass-through of vendor cost pressure in future contracts.
Upstream
Upstream staffing, travel and office-support vendors that the graph lists as suppliers to TCS and to Infosys see slower onsite ramp as fewer staff move on visas.
Where demand moves
Business
US clients still need the software work but resist paying more, so Indian vendors absorb higher local-hire costs while bidding more offshore delivery from India.
Capital
Investors turn cautious on visa-heavy large caps like Tata Consultancy Services and Infosys near-term, with no fresh capital inflow into the sector from this news.
How it spreads across sectors
Financial Services
Muted second-order effect — banks that buy IT services may face slightly higher contract costs later, with no immediate disruption.
Information Technology
Near-term margin pressure across exporters as US staffing costs rise; offshore-heavy work cushions revenue but not margins.
When it plays out
Immediate
1-7 days: IT exporter shares stay soft on margin worries; no contract cancellations expected.
Medium term
1-6 months: higher US payroll and offshore ramp costs show in results; firms with stronger pricing power recover first.
Short term
1-4 weeks: firms outline local-hiring and offshore plans; analysts trim near-term margin forecasts.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 3 May 2012 | interim | ₹1 |
|---|---|---|
| 7 Feb 2012 | interim | ₹1 |
| 9 Nov 2011 | interim | ₹1 |
| 9 Nov 2011 | final | ₹2 |
| 5 May 2011 | interim | ₹2 |
| 4 Feb 2011 | interim | ₹2 |
| 3 Nov 2010 | interim | ₹2 |
| 3 Nov 2010 | final | ₹2 |
Splits, bonuses & buybacks
- daily-prices repair: 9 rows from NSE's archive (replace 2, delete 1, insert 6), 2020-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2020
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2624 Aug 2026
- Annual report · 2024-2526 Aug 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.