Infosys Limited (INFY) fair value: what the stock is really worth
We calculate from audited financials what Infosys Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
Watch it or check another stockalert when fair value or trend changes
Technology · IN · Market cap ₹4.3T (≈ $45.1B) · ISIN INE009A01021
At a glance
ILInfosys LimitedINFY · NSE
Price₹1,037
Fair Value₹1,948
Upside+87.9%
Quality83/100
A strong business, trading 47% below our fair value of ₹1,948.
As of Sep 8, 2026, the fair value of Infosys Limited is ₹1,948 per share against a price of ₹1,037, so the fair value sits 88% above the price. A model estimate from reported figures, not an analyst target.
✓Healthy Growth (revenue 5y +8.3 %/yr)
✓Solidly profitable · 16.4% net margin
✓generates free cash flow
✓Ranks above peers (9/14)
✓Wide moat 82/100
!Weak on dividend: 1 out of 100
Evidence: HighRange ₹1,179 to ₹2,435
Fair value as of: Sep 8, 2026
From 26 valuation models · updated 3 days ago
Fair value updated Sep 8, 2026, revised from ₹1,958 to ₹1,948 (−0.5%) since Sep 2, 2026. Share price −13.0% over the past month.
This is the short version. In the app for Infosys Limited:
Watch Infosys Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for free
69 individual criteria per stock, every one traceable See the method →
What matters now
The rarer combination: high quality (83/100) AND below fair value. That earns a closer look rather than a quick verdict.
The price is below even our cautious bear case (₹1,179). The market is more pessimistic than our downside scenario.
A fairly wide model range (₹1,179 to ₹2,435) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 8, 2026.
How to read this chart
60‑month range ₹986.00 – ₹1,901 · fair‑value band ₹1,179 – ₹2,435 · the ₹1,037 price screens below the ₹1,948 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 8, 2026.
Infosys Limited (INFY) currently trades at ₹1,037, while our model-based Fair Value estimate is ₹1,948, implying the stock looks roughly 46.8% undervalued today. The Quality Score stands at 83/100 (high quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of ₹2,098 per share, and 18 of the 26 models we run sit above the ₹1,037 price. Bear case: the Economic Profit group reads lowest at ₹603.91, and 8 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Infosys Limited generated revenue of $20.2B at a net margin of 16.4%. Revenue grew 6.6% year over year. It earns a return on equity of 31.4%. The balance sheet holds a net cash position of $1.4B. Fundamentals as of Sep 8, 2026
Scenario range: ₹1,179 (bear) to ₹2,435 (bull), the price of ₹1,037 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 40% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 70% fair-value upside, at 88%, INFY screens cheaper than that median.
Fair Value models
Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹34.31 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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.Evidence
Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
P/E ratio13.5
P/S ratio2.22P/E × margin
EPS (TTM)₹76.68price ÷ EPS = P/E 13.5
Dividend yield0.1%payout 0.7%
Net margin16.4%FY2026
Return on equity31.4%TTM
More key figures
Profitability
Return on assets (EBIT)24.1%avg 5y
Operating margin20.9%TTM
Growth
Revenue (TTM)$20.2BTTM
Revenue growth (YoY)+6.6%3y avg +3.4%
EPS growth (YoY)+11.8%
Balance sheet & cash flow
Free cash flow$3.7BFY2026
Net cash$1.4BFY2026
Figures from reported company fundamentals · as of Sep 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality83/100
Of which business quality 81
· Market factors (momentum, volatility) 37
Profitability86
Margins and returns on capital today
Quality Growth65
Are margins and returns improving?
Cashflow73
Earnings quality: real cash, not paper profit
Fin. Strength88
Balance sheet, leverage, solvency risk
Investment92
Disciplined investing over empire-building
Low Volatility83
Calm price path (market factor)
Momentum24
Price trend over the last 3–12 months (market factor)
52W Momentum6
Distance to the 52-week high (market factor)
Net Issuance85
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Infosys Limited provides consulting, technology, outsourcing, and digital services worldwide. 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 …
Full company description
Infosys Limited provides consulting, technology, outsourcing, and digital services worldwide. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
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.
Growth Quality 87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
$20.2B
Latest YoY
+4.6%
Avg. revenue growth/yr (3Y) ⓘ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.
+3.4%
Avg. revenue growth/yr (5Y) ⓘ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.
+8.3%
Avg. revenue growth/yr (27Y) ⓘ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.
+20.9%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+5.7%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+5.6%
Dividend yield0.1%
Trend ⓘ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.5Y 5.6% vs 10Y 5.9%, steady
Operating margin (EBIT) ⓘ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.24.5% (2021) → 20.3% (2026) · falling
Revenue+5.4%/yr
FY22$16.3B
FY23$18.2B
FY24$18.6B
FY25$19.3B
FY26$20.2B
Net income+2.8%/yr
FY22$3.0B
FY23$3.0B
FY24$3.2B
FY25$3.2B
FY26$3.3B
Character of growth · EPS growth decomposed (2015-2026)+6.2 % p.a.
Revenue per share+9.4 %
of which total revenue +8.2 % · buybacks/dilution +1.1 %
EBIT margin−2.2 %
Tax rate+0.1 %
Residual (interest, one-offs)−1.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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.
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.
Valuation
Quality Score83 · Top 25%
Fair Value upside+73% · Top 25%
Profitability
Return on equity (TTM)31% · Top 25%
Return on assets15% · Top 25%
Net margin (TTM)16% · Top 25%
Operating margin (TTM)21% · Top 25%
Growth and dividend
Revenue growth7% · Above median
Dividend yield (TTM)0.1% · Bottom 25%
Valuation Multiples vs Information Technology Services median · lower = cheaper
P/E (TTM)13.5× · Cheaper than median
P/B4.68× · Priciest 25%
P/S (TTM)2.27× · Priciest 25%
P/FCF12.3× · Priciest 25%
EV/EBITDA9.8× · Cheaper than median
PEG1.96× · Pricier than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Infosys Limited deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+0.6 % per year
Achieved revenue growth, 5 years+8.3 % p.a.
Sector median revenue growth+8.3 %
FCF yield on price8.28 %
Discount rate (WACC) in the models10.4 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE100· sector 35
FUTURE33· sector 31
PAST100· sector 34
HEALTH0· sector 97
DIVIDEND1· sector 35
Insider activity: 28/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Sep 8, 2026).
Is Infosys Limited (INFY) overvalued or undervalued?
As of Sep 8, 2026, our model estimates a fair value of ₹1,948 versus a price of ₹1,037, about +88% upside (undervalued).
What is the fair value of INFY?
Our model-based fair value for Infosys Limited is ₹1,948 (as of Sep 8, 2026), built from audited fundamentals. The current price: ₹1,037.
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 ₹1,948 (as of Sep 8, 2026) from 26 valuation models. Cautious scenario ₹1,179, optimistic scenario ₹2,435. 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 ₹1,948, about +88% upside versus a price of ₹1,037 (undervalued). Cautious scenario ₹1,179, optimistic scenario ₹2,435. 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 $20.2B (latest available figure, as of Sep 8, 2026).
What is the net profit margin of INFY?
The net profit margin of Infosys Limited is about 16.4%, meaning it keeps roughly 16.4% of revenue as net income. Based on the latest reported figures.
Does Infosys Limited pay a dividend?
Infosys Limited currently shows a dividend yield of about 0.05% relative to its recent price (as of Sep 8, 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 +0.6 % per year for ten years (discount rate 10.4 %, then 2 % perpetual growth). Over the last 5 years revenue grew +8.3 % per year. As of Sep 8, 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 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 ₹1,948 per share (as of Sep 8, 2026), against a price of ₹1,037. 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 Sep 8, 2026, INFY trades below its calculated fair value: price ₹1,037, fair value ₹1,948, a gap of about +88% (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 (₹1,037); the fair value is what the company's own numbers justify (₹1,948). For Infosys Limited the two are ₹911.28 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 ₹4.3T (market capitalisation, as of Sep 8, 2026). Per share that is ₹1,037; our models calculate a fair value of ₹1,948 per share.
What do the bullish and bearish scenarios say about INFY?
Our models span a range for Infosys Limited: cautious scenario ₹1,179, base ₹1,948, optimistic ₹2,435 per share (as of Sep 8, 2026, price ₹1,037). 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 13.5 (as of Sep 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,948 is built from several models across several years. Other multiples: PEG 2.0, P/B 4.7, P/S 2.3, EV/EBITDA 9.8.
What is the PEG ratio of INFY?
The PEG ratio of Infosys Limited is 1.96 (P/E divided by earnings growth, as of Sep 8, 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 Sep 8, 2026): return on equity 31.4%. 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 ₹1,037, about 40% below its 52-week high of ₹1,728 (as of Sep 8, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,948 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 Sep 8, 2026: price ₹1,037, calculated fair value ₹1,948 (+88%), 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 ₹1,948, 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 32.6 % above its aggregate fair value. Infosys Limited currently trades 88 % 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
Free · no account needed
Watch Infosys Limited in the live analysis
One click puts Infosys Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
