WallStSmart

ExlService Holdings Inc (EXLS)vsInfosys Ltd ADR (INFY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Infosys Ltd ADR generates 835% more annual revenue ($20.16B vs $2.16B). INFY leads profitability with a 16.4% profit margin vs 11.7%. EXLS appears more attractively valued with a PEG of 0.92. EXLS earns a higher WallStSmart Score of 65/100 (C+).

EXLS

Buy

65

out of 100

Grade: C+

Growth: 6.7Profit: 8.0Value: 8.0Quality: 8.5
Piotroski: 5/9Altman Z: 4.18

INFY

Buy

58

out of 100

Grade: C

Growth: 5.3Profit: 9.0Value: 7.3Quality: 8.0
Piotroski: 4/9Altman Z: 4.57
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EXLSUndervalued (+69.9%)

Margin of Safety

+69.9%

Fair Value

$95.75

Current Price

$29.38

$66.37 discount

UndervaluedFair: $95.75Overvalued
INFYUndervalued (+84.2%)

Margin of Safety

+84.2%

Fair Value

$99.78

Current Price

$12.40

$87.38 discount

UndervaluedFair: $99.78Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

EXLS4 strengths · Avg: 9.3/10
Return on EquityProfitability
32.3%10/10

Every $100 of equity generates 32 in profit

Altman Z-ScoreHealth
4.1810/10

Safe zone — low bankruptcy risk

Debt/EquityHealth
0.149/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.928/10

Growing faster than its price suggests

INFY6 strengths · Avg: 9.2/10
Return on EquityProfitability
33.9%10/10

Every $100 of equity generates 34 in profit

Debt/EquityHealth
0.1010/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.5710/10

Safe zone — low bankruptcy risk

Market CapQuality
$52.96B9/10

Large-cap with strong market position

P/E RatioValuation
16.4x8/10

Attractively priced relative to earnings

Operating MarginProfitability
20.9%8/10

Strong operational efficiency at 20.9%

Areas to Watch

EXLS1 concerns · Avg: 2.0/10
Free Cash FlowQuality
$-11.21M2/10

Negative free cash flow — burning cash

INFY2 concerns · Avg: 4.0/10
PEG RatioValuation
2.384/10

Expensive relative to growth rate

Price/BookValuation
10.2x4/10

Trading at 10.2x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : EXLS

The strongest argument for EXLS centers on Return on Equity, Altman Z-Score, Debt/Equity. Revenue growth of 13.8% demonstrates continued momentum. PEG of 0.92 suggests the stock is reasonably priced for its growth.

Bull Case : INFY

The strongest argument for INFY centers on Return on Equity, Debt/Equity, Altman Z-Score. Profitability is solid with margins at 16.4% and operating margin at 20.9%.

Bear Case : EXLS

The primary concerns for EXLS are Free Cash Flow.

Bear Case : INFY

The primary concerns for INFY are PEG Ratio, Price/Book.

Key Dynamics to Monitor

EXLS profiles as a value stock while INFY is a mature play — different risk/reward profiles.

EXLS carries more volatility with a beta of 0.82 — expect wider price swings.

EXLS is growing revenue faster at 13.8% — sustainability is the question.

INFY generates stronger free cash flow (833M), providing more financial flexibility.

Bottom Line

EXLS scores higher overall (65/100 vs 58/100) and 13.8% revenue growth. INFY offers better value entry with a 84.2% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

ExlService Holdings Inc

TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES · USA

ExlService Holdings, Inc. provides operations management and analysis services in the United States, the United Kingdom, and internationally. The company is headquartered in New York, New York.

Infosys Ltd ADR

TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES · USA

Infosys Limited offers next generation digital consulting, technology, outsourcing and services in North America, Europe, India and internationally. The company is headquartered in Bengaluru, India.

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