INFY
INFOSYS LIMITED
Each stock's 10,000-path forecast, rendered as light.
INFOSYS LIMITED (INFY) Stock Analysis & Case Study
Is INFY a good buy? The data-driven verdict.
INFOSYS LIMITED (INFY) trades at ₹1,175,on the numbers it screens attractive, a Downstox Snapshot Score of 72/100.
On the numbers, INFOSYS LIMITED (INFY) screens attractive, a Downstox Snapshot Score of 72/100, weighing fairly valued at 15.3× earnings, ROE of 31.9%, a 60% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
The Downstox take on INFY
The real debate here is why a business earning 31.9% on equity and 40% on capital trades at a single-digit-ish multiple closer to 14 than to the premium India IT usually commands. That gap, plus a yield north of 4%, says the market is treating Infosys less like a compounder and more like a mature cash machine where growth, not quality, is the question. The capital efficiency is rare and real; what to watch is whether demand recovers enough to justify it, since a middling Piotroski score hints the recent operating trend is not as clean as the headline returns.
Downstox editorial view, written by our own analysts on 23 Jun 2026. The figures quoted were accurate then; see the live ratios above for today's numbers. Information, not investment advice.
INFY fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How INFY ranks against the 2,373 companies in our screener
- INFY's market cap of 4.77L Cr ranks in the top 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INFY's book value of ₹225 ranks in the 74th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INFY's promoter holding of 13.8% ranks in the bottom 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INFY's 3-year profit (PAT) growth of 8.0% ranks in the 40th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INFY's 3-year revenue growth of 7.0% ranks in the 41st percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INFY's debt-to-equity ratio of 0.10x is lower than 77% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is INFY overvalued? INFY P/E vs its IT
INFY's P/E of 15.3× sits below the IT peer median of 20.3×, so on earnings it screens cheaper than peers, while its 4.08% dividend yield is above the peer median of 3.12%.
INFY share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of INFY history (8%/yr drift, 28%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| INFY 2027 | ₹882 | ₹1,256 | ₹1,788 | +7% |
| INFY 2028 | ₹811 | ₹1,342 | ₹2,221 | +14% |
| INFY 2029 | ₹775 | ₹1,434 | ₹2,655 | +22% |
| INFY 2030 | ₹753 | ₹1,532 | ₹3,117 | +30% |
| INFY 2031 | ₹740 | ₹1,637 | ₹3,624 | +39% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability INFY goes up, or doubles?
The bull case for INFY
- INFY's P/E of 15.3x is lower than 73% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INFY's return on equity of 31.9% ranks in the top 5% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INFY's return on capital employed of 40.0% ranks in the top 3% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- INFY's dividend yield of 4.1% ranks in the top 3% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹2,655.
The bear case & risks
- No model or past record guarantees future returns, treat this as one input, not a decision.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹775.
INFY volatility & expected range, how bumpy is the ride?
Over the last 9.8 years INFY compounded at 8%/year with annualized volatility of 28%. That volatility implies a 1-year 80% range of ₹882-₹1,788, the honest backbone behind any single price target.
INFY price forecast, the full 60-month probability fan
INFY price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds INFY hits common targets within the simulated horizon?
Full multi-horizon detail on the INFY price target & forecast page.
INFY Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. INFY scores 6/8, mixed financial health.
INFY MTF margin & leverage across 11 brokers
Margin Trading Facility lets you buy INFY with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 26.03% | 3.8× |
| Zerodha | 25.20% | 4.0× |
| Groww | 25.20% | 4.0× |
| Dhan | 23.00% | 4.3× |
| Kotak NeoCHEAPEST | 22.52% | 4.4× |
| Paytm Money | 22.61% | 4.4× |
| Pocketful | 29.35% | 3.4× |
| Fyers | 30.30% | 3.3× |
| Anand Rathi | 29.51% | 3.4× |
| Bajaj Broking | 23.00% | 4.3× |
| Share India | 29.61% | 3.4× |
Compare every broker on the INFY MTF page.
INFY vs peers,IT comparison
| Stock | P/E | Div yield | Market cap |
|---|---|---|---|
| INFY (this stock) | 15.3× | 4.08% | ₹4.77L Cr |
| TCS | 16.5× | 2.61% | ₹8.87L Cr |
| HCLTECH | 20.3× | 3.98% | ₹3.68L Cr |
| WIPRO | 14.0× | 5.87% | ₹1.86L Cr |
| TECHM | 30.1× | 3.12% | ₹1.60L Cr |
| PERSISTENT | 43.4× | 0.73% | ₹86,368 Cr |
| COFORGE | 41.0× | 0.68% | ₹78,663 Cr |
Fundamentals from Screener.in, as of 9 Aug 2026
About INFOSYS LIMITED: sector, index & market-cap context
INFOSYS LIMITED (INFY) is a large-cap NSE-listed company in the IT sector, and a constituent of the Nifty 50 index, with a market capitalisation of ₹4.77L Cr. See more stocks on our screener.
How the INFY Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of INFOSYS LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
INFY analysis, FAQs
Is INFOSYS LIMITED (INFY) a good buy?
On the numbers, INFOSYS LIMITED (INFY) screens attractive, a Downstox Snapshot Score of 72/100, weighing fairly valued at 15.3× earnings, ROE of 31.9%, a 60% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is INFY overvalued or undervalued?
INFY trades at 15.3× earnings versus a peer median of 20.3×, so it screens cheaper than its IT peers.
What is the INFY share price target for 2031?
INFY's probability-weighted 2031 median target is ₹1,637, with an 80% range of ₹740-₹3,624 (10,000-path Monte-Carlo).
What is the probability INFY doubles in 5 years?
The modelled probability of INFY reaching ₹2,350 (2×) within 5 years is 28%.
What is the bull case for INFY?
INFY's P/E of 15.3x is lower than 73% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. INFY's return on equity of 31.9% ranks in the top 5% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. INFY's return on capital employed of 40.0% ranks in the top 3% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in INFY?
No model or past record guarantees future returns, treat this as one input, not a decision.