DIVIDEND SUMMERY OF INFOSYS

1. DIVIDEND TREND IN IT INDUSTRY “INFOSYS”
PROJECT REPORT

2. Submittedto: Submittedby:
Dr.NanditaMishra. Rishi Kumar Vyas,
BM-014059.

3. INTRODUCTION
Infosys Ltd is an Indian multinational corporation that provides business
consulting,information technology, software engineering and outsourcing services. It is
headquartered in Bangalore, Karnataka.
Infosys is the third-largest India-based IT services company by 2014 revenues, and the fifth
largest employer of H-1B visa professionals in the United States in FY 2013. On 31 March
2014, its market capitalisation was 188,510 crores ($31.11 billion), making it India's fifth
largest publicly traded company.
Infosys was co-founded in 1981 by Narayan Murthy, Nandan Nilekani, N. S. Raghavan, S.
Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora after they resigned from Patni
Computer Systems
The company was incorporated as "Infosys Consultants Pvt Ltd." with a capital of Rs.
10,000 (roughly $250) in Model Colony, Pune as the registered office.
It changed its name to "Infosys Technologies Private Limited" in April 1992 and to "Infosys
Technologies Limited" when it became a public limited company in June 1992. It was later
renamed to "Infosys Limited" in June 2011.
Infosys has a global presence with 72 offices and 94 development centers in the United
States, India, China, Australia, Japan, Middle East, and Europe.
Products and Services:
It provides software development, maintenance and independent validation services to companies
in banking, finance, insurance, manufacturing and other domains.
One of its known products is Finacle which is a universal banking solution with various modules for
retail and corporate banking.

4. EMPLOYEES:
Infosys has a total of 160,405 employees as of 31 March 2014, of which 34.7% were women. Its
workforce consists of employees representing 89 nationalities working from 32 countries.[38]
Out of its
total workforce, 79% are software professionals, 15% are working in its BPO arm and remaining 5%
work for support and sales
LISTOF CEO’s:
N.R.NARAYANA MURTY 1981-2002
NANDAN NILEKANI 2002-2007
S GOPALAKRISHNAN 2007-2011
S.D.SHIBULAL 2011-2014
VISHAL SIKKA 2014-TILL DATE

5. Dividend Summary
For the year ending March 2014, Infosys has declared an equity dividend of 1260.00% amounting to Rs 63 per share. At the current
share price of Rs 1964.80 this results in a dividend yield of 3.21%.
The company has a good dividend trackreport and has consistently declared dividends for the last 5 years.
* As per the Profit & Loss account
Dividend Declared
Announcement
Date
Effective
Date
Dividend
Type
Dividend
(%)
Remarks
28-08-14 16-10-14 Interim 600.00 Rs.30.0000 per share(600%)Interim Dividend
15-04-14 29-05-14 Final 860.00 Rs.43.0000 per share(860%)Final Dividend
26-09-13 17-10-13 Interim 400.00 Rs.20.0000 per share(400%)Interim Dividend
12-04-13 30-05-13 Final 540.00 Rs.27.0000 per share(540%)Final Dividend
24-09-12 18-10-12 Interim 300.00 Rs.15.0000 per share(300%)Interim Dividend
13-04-12 24-05-12 Final 640.00 Rs. 22.00 per share (440%) Final Dividend& Rs.10.00 per share (200%) Special
Dividend
22-09-11 20-10-11 Interim 300.00 -
15-04-11 26-05-11 Final 400.00 -
29-09-10 21-10-10 Interim 800.00 Rs.10.00 per share(200%)Interim Dividend & Rs.30.00 per share(600%)Special
Dividend.
13-04-10 26-05-10 Final 300.00 -
22-09-09 15-10-09 Interim 200.00 -
15-04-09 04-06-09 Final 270.00 -
25-09-08 16-10-08 Interim 200.00 -
15-04-08 29-05-08 Final 545.00 (Final Dividend 145% + Special Dividend 400%)
26-09-07 18-10-07 Interim 120.00 -
13-04-07 06-06-07 Final 130.00 AGM
28-09-06 19-10-06 Interim 100.00 -
14-04-06 25-05-06 Final 770.00 Silver Jubilee special dividendof Rs. 30 per share (600% on par value of Rs. 5 per
share) & final dividend of Rs. 8.50/- per share (170% on an equity share par value Rs.
5/-).
23-09-05 17-10-05 Interim 130.00 -
14-04-05 01-06-05 Final 130.00 Final dividend of Rs. 6.50 per share (130% on an equity share par value Rs. 5/-).
01-10-04 18-10-04 Interim 100.00 (100% on a par value of Rs.5/- per share)
13-04-04 26-05-04 Final 2,300.00 Final dividend of Rs. 15/- per share (300% on an equity share par value Rs. 5/-) &
Special one-time dividend of Rs. 100/- per share (2000% on an equity share par value
of Rs. 5/-). (Revised)
17-09-03 16-10-03 Interim 290.00 -
10-04-03 28-05-03 Final 290.00 AGM & Dividend
30-09-02 30-10-02 Interim 250.00 -

6. 10-04-02 21-05-02 Final 250.00 Final dividend of Rs12.50 for each share of par value of Rs5 per share
05-10-01 18-10-01 Interim 150.00 -
11-04-01 27-04-01 Final 150.00 -
10-10-00 25-10-00 Interim 50.00 -
PROFIT& LOSS ACCOUNT(2005-2010):
Standalone Profit & Loss account ------------------- in Rs. Cr. -------------------
Mar '14 Mar '13 Mar '12 Mar '11 Mar '10
12 mths 12 mths 12 mths 12 mths 12 mths
Income
SalesTurnover 44,341.00 36,765.00 31,254.00 25,385.00 21,140.00
Excise Duty 0.00 0.00 0.00 0.00 0.00
Net Sales 44,341.00 36,765.00 31,254.00 25,385.00 21,140.00
Other Income 2,576.00 2,298.00 2,313.00 1,147.00 967.00
Stock Adjustments 0.00 0.00 0.00 0.00 0.00
Total Income 46,917.00 39,063.00 33,567.00 26,532.00 22,107.00
Expenditure
Raw Materials 0.00 0.00 0.00 0.00 22.00
Power & Fuel Cost 0.00 0.00 0.00 0.00 0.00
EmployeeCost 24,350.00 19,932.00 15,481.00 12,464.00 10,356.00
Other ManufacturingExpenses 3,990.00 2,969.00 3,947.00 3,196.00 1,993.00
Selling and Admin Expenses 0.00 0.00 0.00 0.00 992.00
MiscellaneousExpenses 3,474.00 2,849.00 1,765.00 1,311.00 415.00
Preoperative Exp Capitalised 0.00 0.00 0.00 0.00 0.00
Total Expenses 31,814.00 25,750.00 21,193.00 16,971.00 13,778.00
Mar '14 Mar '13 Mar '12 Mar '11 Mar '10
12 mths 12 mths 12 mths 12 mths 12 mths
Operating Profit 12,527.00 11,015.00 10,061.00 8,414.00 7,362.00
PBDIT 15,103.00 13,313.00 12,374.00 9,561.00 8,329.00
Interest 0.00 0.00 0.00 0.00 2.00
PBDT 15,103.00 13,313.00 12,374.00 9,561.00 8,327.00
Depreciation 1,101.00 956.00 794.00 740.00 807.00
Other Written Off 0.00 0.00 0.00 0.00 0.00
Profit Before Tax 14,002.00 12,357.00 11,580.00 8,821.00 7,520.00
Extra-ordinary items 0.00 0.00 0.00 0.00 0.00
PBT (Post Extra-ord Items) 14,002.00 12,357.00 11,580.00 8,821.00 7,520.00
Tax 3,808.00 3,241.00 3,110.00 2,378.00 1,717.00
Reported Net Profit 10,194.00 9,116.00 8,470.00 6,443.00 5,803.00
Total Value Addition 31,814.00 25,750.00 21,193.00 16,971.00 13,756.00
Preference Dividend 0.00 0.00 0.00 0.00 0.00
Equity Dividend 3,618.00 2,412.00 2,699.00 3,445.00 1,434.00
Corporate DividendTax 615.00 403.00 438.00 568.00 240.00
Per share data (annualised)
Sharesin issue (lakhs) 5,714.03 5,742.36 5,742.30 5,741.52 5,738.25
Earning Per Share (Rs) 178.40 158.75 147.50 112.22 101.13
Equity Dividend (%) 1,260.00 840.00 940.00 1,200.00 500.00
Book Value (Rs) 736.64 627.95 518.21 426.73 384.02

7. Thisdata can be easily copy pasted into a Microsoft Excel sheet
Infosys « Next Years Previous Years »
Standalone Profit & Loss account ------------------- in Rs. Cr. -------------------
Mar '09 Mar '08 Mar '07 Mar '06 Mar '05
12 mths 12 mths 12 mths 12 mths 12 mths
Income
SalesTurnover 20,264.00 15,648.00 13,149.00 9,028.00 6,859.66
Excise Duty 0.00 0.00 0.00 0.00 0.00
Net Sales 20,264.00 15,648.00 13,149.00 9,028.00 6,859.66
Other Income 502.00 683.00 379.00 144.00 172.79
Stock Adjustments 0.00 0.00 0.00 0.00 0.00
Total Income 20,766.00 16,331.00 13,528.00 9,172.00 7,032.45
Expenditure
Raw Materials 20.00 18.00 22.00 16.00 13.55
Power & Fuel Cost 125.00 106.00 88.00 62.00 40.20
EmployeeCost 9,975.00 7,771.00 6,316.00 4,274.00 3,183.25
Other ManufacturingExpenses 1,697.00 1,443.00 1,290.00 792.00 563.47
Selling and Admin Expenses 1,367.00 1,214.00 1,050.53 773.49 697.15
MiscellaneousExpenses 172.00 132.00 156.47 120.51 35.84
Preoperative Exp Capitalised 0.00 0.00 0.00 0.00 0.00
Total Expenses 13,356.00 10,684.00 8,923.00 6,038.00 4,533.46
Mar '09 Mar '08 Mar '07 Mar '06 Mar '05
12 mths 12 mths 12 mths 12 mths 12 mths
Operating Profit 6,908.00 4,964.00 4,226.00 2,990.00 2,326.20
PBDIT 7,410.00 5,647.00 4,605.00 3,134.00 2,498.99
Interest 2.00 1.00 1.00 1.00 1.09
PBDT 7,408.00 5,646.00 4,604.00 3,133.00 2,497.90
Depreciation 694.00 546.00 469.00 409.00 268.22
Other Written Off 0.00 0.00 0.00 0.00 0.00
Profit Before Tax 6,714.00 5,100.00 4,135.00 2,724.00 2,229.68
Extra-ordinary items -1.00 0.00 -5.00 0.00 -4.59
PBT (Post Extra-ord Items) 6,713.00 5,100.00 4,130.00 2,724.00 2,225.09
Tax 895.00 630.00 352.00 303.00 325.30
Reported Net Profit 5,819.00 4,470.00 3,783.00 2,421.00 1,904.38
Total Value Addition 13,336.00 10,666.00 8,901.00 6,022.00 4,519.91
Preference Dividend 0.00 0.00 0.00 0.00 0.00
Equity Dividend 1,345.00 1,902.00 649.00 1,238.00 309.80
Corporate DividendTax 228.00 323.00 102.00 174.00 42.17
Per share data (annualised)
Sharesin issue (lakhs) 5,728.30 5,719.96 5,712.10 2,755.55 2,705.71
Earning Per Share (Rs) 101.58 78.15 66.23 87.86 70.38
Equity Dividend (%) 470.00 665.00 230.00 900.00 230.00
Book Value (Rs) 310.90 235.84 195.41 250.29 193.73

8. BALANCE SHEET(2005-2014):
This data can be easilycopy pasted into a Microsoft Excel sheet
Infosys Previous Years »
Standalone Balance Sheet ------------------- in Rs. Cr. -------------------
Mar '14 Mar '13 Mar '12 Mar '11 Mar '10
12 mths 12 mths 12 mths 12 mths 12 mths
Sources Of Funds
Total Share Capital 286.00 287.00 287.00 287.00 287.00
Equity Share Capital 286.00 287.00 287.00 287.00 287.00
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves 41,806.00 35,772.00 29,470.00 24,214.00 21,749.00
Revaluation Reserves 0.00 0.00 0.00 0.00 0.00
Networth 42,092.00 36,059.00 29,757.00 24,501.00 22,036.00
Secured Loans 0.00 0.00 0.00 0.00 0.00
Unsecured Loans 0.00 0.00 0.00 0.00 0.00
Total Debt 0.00 0.00 0.00 0.00 0.00
Total Liabilities 42,092.00 36,059.00 29,757.00 24,501.00 22,036.00
Mar '14 Mar '13 Mar '12 Mar '11 Mar '10
12 mths 12 mths 12 mths 12 mths 12 mths
Application Of Funds
Gross Block 10,374.00 8,029.00 4,061.00 4,056.00 6,357.00
Less:Accum. Depreciation 4,642.00 3,576.00 0.00 0.00 2,578.00
Net Block 5,732.00 4,453.00 4,061.00 4,056.00 3,779.00
Capital Work in Progress 954.00 1,135.00 588.00 249.00 409.00
Investments 6,717.00 4,344.00 1,409.00 1,325.00 4,636.00
Inventories 0.00 0.00 0.00 0.00 0.00
Sundry Debtors 7,336.00 6,365.00 5,404.00 4,212.00 3,244.00
Cash and Bank Balance 24,100.00 20,401.00 18,057.00 13,665.00 929.00
Total CurrentAssets 31,436.00 26,766.00 23,461.00 17,877.00 4,173.00
Loans and Advances 7,873.00 6,330.00 6,296.00 5,347.00 4,201.00
Fixed Deposits 0.00 0.00 0.00 0.00 8,868.00
Total CA, Loans & Advances 39,309.00 33,096.00 29,757.00 23,224.00 17,242.00
Deferred Credit 0.00 0.00 0.00 0.00 0.00
CurrentLiabilities 4,503.00 3,181.00 2,454.00 1,880.00 1,995.00
Provisions 6,117.00 3,788.00 3,604.00 2,473.00 2,035.00
Total CL & Provisions 10,620.00 6,969.00 6,058.00 4,353.00 4,030.00
Net Current Assets 28,689.00 26,127.00 23,699.00 18,871.00 13,212.00
Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00
Total Assets 42,092.00 36,059.00 29,757.00 24,501.00 22,036.00
ContingentLiabilities 1,020.00 1,693.00 1,024.00 1,016.00 295.00
Book Value (Rs) 736.64 627.95 518.21 426.73 384.02

9. Infosys
« Next Years Previous Years »
Standalone Balance Sheet ------------------- in Rs. Cr. -------------------
Mar '09 Mar '08 Mar '07 Mar '06 Mar '05
12 mths 12 mths 12 mths 12 mths 12 mths
Sources Of Funds
Total Share Capital 286.00 286.00 286.00 138.00 135.29
Equity Share Capital 286.00 286.00 286.00 138.00 135.29
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves 17,523.00 13,204.00 10,876.00 6,759.00 5,106.44
Revaluation Reserves 0.00 0.00 0.00 0.00 0.00
Networth 17,809.00 13,490.00 11,162.00 6,897.00 5,241.73
Secured Loans 0.00 0.00 0.00 0.00 0.00
Unsecured Loans 0.00 0.00 0.00 0.00 0.00
Total Debt 0.00 0.00 0.00 0.00 0.00
Total Liabilities 17,809.00 13,490.00 11,162.00 6,897.00 5,241.73
Mar '09 Mar '08 Mar '07 Mar '06 Mar '05
12 mths 12 mths 12 mths 12 mths 12 mths
Application Of Funds
Gross Block 5,986.00 4,508.00 3,889.00 2,837.00 2,182.72
Less:Accum.Depreciation 2,187.00 1,837.00 1,739.00 1,275.00 1,005.82
Net Block 3,799.00 2,671.00 2,150.00 1,562.00 1,176.90
Capital Work in Progress 615.00 1,260.00 957.00 571.00 317.52
Investments 1,005.00 964.00 839.00 876.00 1,328.70
Inventories 0.00 0.00 0.00 0.00 0.00
Sundry Debtors 3,390.00 3,093.00 2,292.00 1,518.00 1,252.82
Cash and Bank Balance 805.00 657.00 680.00 544.00 268.15
Total CurrentAssets 4,195.00 3,750.00 2,972.00 2,062.00 1,520.97
Loans and Advances 3,303.00 2,804.00 1,241.00 1,308.00 1,030.29
Fixed Deposits 8,234.00 5,772.00 4,827.00 2,735.00 1,213.39
Total CA, Loans & Advances 15,732.00 12,326.00 9,040.00 6,105.00 3,764.65
Deferred Credit 0.00 0.00 0.00 0.00 0.00
CurrentLiabilities 1,544.00 1,483.00 1,162.00 808.00 578.56
Provisions 1,798.00 2,248.00 662.00 1,409.00 767.48
Total CL & Provisions 3,342.00 3,731.00 1,824.00 2,217.00 1,346.04
Net Current Assets 12,390.00 8,595.00 7,216.00 3,888.00 2,418.61
Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00
Total Assets 17,809.00 13,490.00 11,162.00 6,897.00 5,241.73
ContingentLiabilities 347.00 603.00 670.00 523.00 289.87
Book Value (Rs) 310.90 235.84 195.41 250.29 193.73

10. PREFERENCE DIVIDEND:
MONTH REPORTED.NET
PROFIT
PREFERENCE
DIVIDENT
2014 10194.00 O
2013 9116.00 0
2012 8470.00 0
2011 6443.00 0
2010 5803.00 0
2009 5819.00 0
2008 4470.00 0
2007 3783.00 0
2006 2421.00 0
2005 1904.38 0
Observation:
The Reported net profit is following a increasing trend over the years from 2005 to 2014 but the
share of profit that the company is sharing in then preference dividend is 0.
Reason:
A dividend that is accrued and paid on a company's preferred shares. In the event that a company
do not pay dividends, company is going to the profit.
Equity dividend:
MONTH REPORTED.NET
PROFIT
PREFERENCE
DIVIDEND
EQUITY
DIVIDEND(%)
2014 10194.00 0 1260.0
2013 9116.00 0 840.0
2012 8470.00 0 940.0
2011 6443.00 0 1200.0
2010 5803.00 0 500.0
2009 5819.00 0 470.0
2008 4470.00 0 665.0

11. 2007 3783.00 0 230.0
2006 2421.00 0 900.0
2005 1904.38 0 230.0
Observation:
The Reported net profit is following a increasing trend over the years from 2005 to 2014 but the
share of profit that the company is sharing in Equity dividend is following increasing trend.
Reason:
The annual cash flow that an equity investor receives after the investment is done in the company
so as INFOSYS is doing well so the equity investors will invest more so accordingly INFOSYS needs
to pay the equity dividend with respect to the reported net profit.
Corporate Dividend Tax:
MONTH REPORTED
NET.PROFIT
CORPORATE
DIVIDENDTAX.
2014 10194.0 615
2013 9116.0 403
2012 8470.0 438
2011 6443.0 568
2010 5803.0 240
2009 5819.0 228
2008 4470.0 323
2007 3783.0 102
2006 2421.0 174
2005 1904.38 42.17
Observation:
The Reported net profit is following a increasing trend over the years from 2005 to 2014 but the
share of profit that the company is sharing in Corporate Dividend Tax is increasing trend .

12. Reason:
A dividend tax is an income tax on dividend payments to the shareholders (stockholders) of a
company.It will vary accordingly what amount of preference divided and equity dividend is paid to
the shareholders of INFOSYS.