Infosys Ltd ADR (INFY) is slightly undervalued and Wipro Ltd ADR (WIT) is slightly undervalued.
Against our estimates of intrinsic value, INFY trades at the wider discount: a margin of safety of +18%, against +7% for WIT.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 9.5% (average of 3 methods) values the shares at $14.88; the price of $12.20 is 18% below that value, and 74% of that value comes from beyond year five.
Leak Score 69/100 on 10 of 12 signals
Discounting its cash flows at 9.5% (average of 3 methods) values the shares at $2.07; the price of $1.93 is 7% below that value, and 73% of that value comes from beyond year five.
Leak Score 55/100 on 11 of 12 signals
| Metric | INFY | WIT |
|---|---|---|
| Verdict | Slightly undervalued | Slightly undervalued |
| Price | $12.20 | $1.93 |
| Intrinsic value | $14.88 | $2.07 |
| Margin of safety | +18% | +7% |
| Leak Score | 69/100 (10/12) | 55/100 (11/12) |
| Market cap | $49.5B | $19.1B |
| Revenue growth, 5 years | 8.4% | 4.7% |
| Operating margin | 20.7% | 16.1% |
| Net margin | 16.4% | 13.6% |
| Return on equity | 32.3% | 16.3% |
| Debt to equity | 0.10 | 0.29 |
| P/E | 14.9x | 14.1x |
| Forward P/E | 14.7x | 13.4x |
| P/B | 5.1x | 2.4x |
| Dividend yield | 5.1% | 5.1% |