Infosys Limited

Information Technology Services/ NSE

Compiled

Auto-generated from filings and public channels — no analyst dossier.

If management delivers what it guided

arithmetic on filed guidance and past valuations · not a price target

INFY

FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹1,130 today

BEAR

₹1,307

+16%

5.9% a year · 17x exit

BASE

₹1,893

+68%

10.2% a year · 23.7x exit

BULL

₹2,208

+95%

13.8% a year · 26.7x exit

Where the market has priced it

15x16x today36x

management named no year; shown one year out

at 16x its FY26 earnings the stock trades below the bottom of its own ten-year range (17x)

How these numbers are produced

Earnings base	FY26 fiscal year EPS ₹72.59 (screener)
Guided growth	10.2% a year, said on the call of 28-Jul-2026 · transcript
Read across as	operating: revenue growth x margin change — high confidence
Delivery calibration	0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings
Exit multiple	17x / 23.67x / 26.72x, this company’s own p20 / median / p80 across 10 filed years
Filed-industry peers	median 20.12x across 22 peers — the cross-check, not the input
Arithmetic	base EPS × (1 + guided growth × delivery)¹ × exit multiple

Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.

How to read this

It answers one question. If this management delivers the growth it told its own investors it would, and the market pays what it has historically paid for this company's earnings, where does the arithmetic land? Nothing here is a forecast of the share price.
Three cases, two moving parts. Bear, base and bull vary the delivery — what fraction of guidance managements actually file — and the exit multiple together, because a company that misses its guidance is usually de-rated for missing it. Each case shows the growth rate and the multiple that produced it.
Read the width, not just the middle. A wide gap between bear and bull means the inputs are uncertain, not that the upside is bigger. A narrow range is a more confident statement than a high one.
“Where the market has priced it” puts today's P/E on the company's own historical range. Sitting far below that range is why a scenario can look enormous: the number is then mostly about re-rating, not about delivery, and the board marks those separately.
The bullets underneath are the caveats — a borrowed peer multiple, a thin filed history, an earnings base that carried a one-off. They are the reasons to trust the number less, listed rather than buried.

Not a price target, not a recommendation, and not a forecast of what the stock will do. The field guide covers the method.

What management said

from NSE earnings-call filings · extracted, not interpreted

revenue growth 1.5%generic growth 1.5%ebitda margin 22%

With our Q1 results and a view for the rest of the financial year, we are changing our revenue growth guidance to 1.5% to 3% Y-on-Y growth in constant currency terms.

Call 28-Jul-2026 · bridge confidence high · transcript PDF

Coverage

SectorInformation Technology Services

Dossiersnone

Guidanceyes

Scenarioyes

Street chatter

unverified · logged from public channels

INFOSYS: Highlights strong AI-led cloud and banking solutions driving efficiency and growth.

Commentary23 Apr 13:29

Remain selective & prefer Tech Mahindra/Infosys in large caps and Coforge/Persistent in midcaps.

05 Jun 04:00

*CLSA on Indian IT*

For Infosys, the proportion of junior employees has reduced to 30% of the overall employee pool in FY26

Similarly, the proportion of young employees (<30 years) for Infosys has been declining for the last three years and stood at 51% of the total employee pool as of FY26, down from 60% in FY23

Fresher hiring targets

Guidance04 Jun 03:21

INFOSYS CEO Says Infosys won't enter the data centre business.

Order win31 Jul 03:57