Infosys Limited (INFY) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Infosys Limited stock ₹1,665, price ₹1,153, upside +44.3%, quality 83 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 22, 2026.
How to read this chart
60‑month range ₹986.00 – ₹1,901 · fair‑value band ₹1,151 – ₹2,434 · the ₹1,153 price screens below the ₹1,665 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 22, 2026.
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Infosys Limited provides consulting, technology, outsourcing, and digital services worldwide.
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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, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, Network Transformation Services, Infrastructure Services cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies; and Aster, a set of AI-amplified marketing services, solutions, and platforms.
The company also offers Finacle, a core banking solution; Edge suite of products; Panaya platform, Infosys Equinox, Infosys Live Enterprise Suite, Infosys Wingspan, Infosys Helix, Infosys Meridian, Infosys Polycloud, Infosys Cortex, and Stater digital platforms; and Infosys McCamish, an insurance platform.
It serves aerospace and defense, agriculture, automotive, chemical manufacturing, communication, consumer packaged goods, education, engineering procurement and construction, financial, healthcare, high technology, industrial manufacturing, information services and publishing, insurance, life science, logistics and distribution, media, entertainment, mining, oil and gas, private equity, professional, public, retail, semiconductor, travel, hospitality, utilities, and waste management industries.
It has a strategic collaboration with Anthropic PBC, Intel, and Harness Inc. The company was formerly known as Infosys Technologies Limited and changed its name to Infosys Limited in June 2011. Infosys Limited was incorporated in 1981 and is headquartered in Bengaluru, India.
Stock analysis
Infosys Limited (INFY) currently trades at ₹1,153, while our model-based Fair Value estimate is ₹1,665, implying the stock looks roughly 30.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,671 per share, and 17 of the 26 models we run sit above the ₹1,153 price.
Bear case: the Economic Profit group reads lowest at ₹536.67, and 9 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹1,151 (bear) to ₹2,434 (bull), the price of ₹1,153 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 83/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Infosys Limited reported revenue of $20.2B in FY2026 versus $16.3B in FY2022, a compound +5.4%/yr. Reported net income was $3.3B in FY2026, compounding +2.8%/yr from FY2022.
Key figures
Market cap ₹4.8T (≈ $50.4B) Large · P/E ratio 15.1 · P/S ratio 2.48 · EPS (TTM) ₹76.42 · Dividend yield 4.3% · Net margin 16.4% · Return on equity 32.0% · Return on assets (EBIT) 24.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 83 out of 100 (medium confidence).
What moves the price
The share trades about 30% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 18% fair-value upside, at 44%, INFY screens cheaper than that median.
Fair Value models
Bear₹1,151Fair Value ₹1,665Bull₹2,434
Price ₹1,153 · Upside +44.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹15.31 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.3%
Start year 2021 (pandemic). Over 10 years: +7.8% a year
Revenue growth 27 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+9.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.6%
Dividend (yield on the price)4.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5.6% vs 5.9%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.25% → 20%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +0.1% a year for the price.
News mood ⓘNews mood, the average tone of recent news (95 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 464 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score83 · Top 25%
Fair Value upside+44.3% · Above median
Profitability
Return on equity (12 months)32.0% · Top 25%
Return on assets20.1% · Top 25%
Net margin (12 months)16.4% · Top 25%
Operating margin (12 months)21.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)2.9% · Below median
Dividend yield (12 months)4.3% · Top 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Infosys Limited Fair Value". https://www.fairvalue-calculator.com/stock/INFY
Frequently asked questions
Is Infosys Limited (INFY) overvalued or undervalued?
As of Oct 22, 2026, our model estimates a fair value of ₹1,665 versus a price of ₹1,153, about +44% upside (undervalued).
What is the fair value of INFY?
Our model-based fair value for Infosys Limited is ₹1,665 (as of Oct 22, 2026), built from audited fundamentals. The current price: ₹1,153.
What is the quality score of INFY?
Infosys Limited has a Quality Score of 83/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Infosys Limited (INFY)?
Our model-based price target is the fair value of ₹1,665 (as of Oct 22, 2026) from 26 valuation models. Cautious scenario ₹1,151, optimistic scenario ₹2,434. It is a calculation from audited fundamentals, not an analyst target.
What is the Infosys Limited stock forecast for 2026?
Our models put fair value at ₹1,665, about +44% upside versus a price of ₹1,153 (undervalued). Cautious scenario ₹1,151, optimistic scenario ₹2,434. The calculation is refreshed regularly with new filings.
What is the revenue of Infosys Limited (INFY)?
Infosys Limited reported trailing-twelve-month revenue of about $20.3B (latest available figure, as of Oct 22, 2026).
Does Infosys Limited pay a dividend?
Infosys Limited currently shows a dividend yield of 4.27% relative to its recent price (as of Oct 22, 2026).
What growth is priced into Infosys Limited (INFY)?
For today's price to be fair in a discounted-cash-flow model, Infosys Limited would have to grow free cash flow by +2.5 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.3 % per year. As of Oct 22, 2026.
What discount rate (WACC) does the fair value of INFY use?
Our models discount Infosys Limited at 10.4 %: a base by market capitalisation (large), damped by beta 0.11, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Infosys Limited that is +2.5 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Infosys Limited (INFY) delivered so far?
Over the past 5 years revenue at Infosys Limited grew +8.3 % a year. The price currently implies +2.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Infosys Limited (INFY) growing?
The median revenue growth in the sector is +10.7 % a year. That is the yardstick for the growth priced into Infosys Limited (+2.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Infosys Limited (INFY)?
The free-cash-flow yield on the price is 7.41 %: that much free cash flow Infosys Limited produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Infosys Limited (INFY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Infosys Limited it is ₹1,665 per share (as of Oct 22, 2026), against a price of ₹1,153. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Infosys Limited stock overvalued or undervalued in 2026?
As of Oct 22, 2026, INFY trades below its calculated fair value: price ₹1,153, fair value ₹1,665, a gap of about +44% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of INFY?
No. The price is what the market pays today (₹1,153); the fair value is what the company's own numbers justify (₹1,665). For Infosys Limited the two are ₹511.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is Infosys Limited worth?
The market values Infosys Limited at about ₹4.8T (market capitalisation, as of Oct 22, 2026). Per share that is ₹1,153; our models calculate a fair value of ₹1,665 per share.
What do the bullish and bearish scenarios say about INFY?
Our models span a range for Infosys Limited: cautious scenario ₹1,151, base ₹1,665, optimistic ₹2,434 per share (as of Oct 22, 2026, price ₹1,153). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INFY?
Infosys Limited trades at a price-to-earnings ratio of 15.1 (as of Oct 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,665 is built from several models across several years. Other multiples: PEG 1.8, P/B 5.2, P/S 2.5, EV/EBITDA 10.8.
What is the PEG ratio of INFY?
The PEG ratio of Infosys Limited is 1.80 (P/E divided by earnings growth, as of Oct 22, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Infosys Limited (INFY)?
Balance-sheet figures for Infosys Limited (as of Oct 22, 2026): return on equity 32.0%. They feed the Quality Score of 83/100, which measures business quality independently of the share price.
How far is INFY from its 52-week high?
Infosys Limited trades at ₹1,153, about 30% below its 52-week high of ₹1,654 and 17% above the low of ₹986.00 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,665 is for.
Which stocks are comparable to Infosys Limited?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, HCL Technologies Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Infosys Limited stock attractive at the current price?
The data as of Oct 22, 2026: price ₹1,153, calculated fair value ₹1,665 (+44%), Quality Score 83/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of INFY calculated?
We run Infosys Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,665, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.1 % above its aggregate fair value. Infosys Limited currently trades 31 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Infosys Limited (INFY)?
The closing price on Oct 22, 2026 was ₹1,153. Our model-based fair value is ₹1,665, about +44% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Infosys Limited right now?
The rarer combination: high quality (83/100) AND below fair value. That earns a closer look rather than a quick verdict. A fairly wide model range (₹1,151 to ₹2,434) leaves room in how you read the outcome.
Where does the earnings growth of Infosys Limited (INFY) come from?
Earnings per share at Infosys Limited grew +6.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +9.4 %, EBIT margin −2.2 %, tax rate +0.1 %, residual (interest, one-offs) −1.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Infosys Limited
How large is the market capitalisation of Infosys Limited (INFY)?
The market capitalisation of Infosys Limited is ₹4.8T (≈ $50.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Infosys Limited (INFY)?
The price-to-sales ratio of Infosys Limited is 2.48 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Infosys Limited (INFY)?
Earnings per share at Infosys Limited are ₹76.42 (price ÷ EPS = P/E 15.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Infosys Limited (INFY)?
The dividend yield of Infosys Limited is 4.3% (payout 64.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Infosys Limited (INFY)?
The net margin of Infosys Limited is 16.4% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Infosys Limited (INFY)?
The return on equity (ROE) of Infosys Limited is 32.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Infosys Limited (INFY)?
On an EBIT basis the return on assets of Infosys Limited is 24.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Infosys Limited (INFY)?
The operating margin of Infosys Limited is 21.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Infosys Limited (INFY)?
Revenue at Infosys Limited is growing +2.9% versus a year earlier (3y avg +3.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Infosys Limited (INFY)?
Earnings per share at Infosys Limited are growing +5.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Infosys Limited (INFY) hold?
Infosys Limited holds more cash than debt, $1.4B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 22, 2026