WallStSmart

Grid Dynamics Holdings Inc (GDYN)vsInfosys Ltd ADR (INFY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Infosys Ltd ADR generates 4751% more annual revenue ($20.16B vs $415.51M). INFY leads profitability with a 16.4% profit margin vs 1.3%. INFY trades at a lower P/E of 16.4x. INFY earns a higher WallStSmart Score of 58/100 (C).

GDYN

Hold

36

out of 100

Grade: F

Growth: 4.0Profit: 3.5Value: 5.7Quality: 9.0
Piotroski: 4/9Altman Z: 6.10

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

GDYNUndervalued (+65.9%)

Margin of Safety

+65.9%

Fair Value

$19.04

Current Price

$7.04

$12.00 discount

UndervaluedFair: $19.04Overvalued
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

GDYN3 strengths · Avg: 10.0/10
Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Debt/EquityHealth
0.0310/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
6.1010/10

Safe zone — low bankruptcy risk

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

GDYN4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
3.7%4/10

3.7% revenue growth

Market CapQuality
$547.75M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
1.0%3/10

ROE of 1.0% — below average capital efficiency

Profit MarginProfitability
1.3%3/10

1.3% margin — thin

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 : GDYN

The strongest argument for GDYN centers on Price/Book, Debt/Equity, Altman Z-Score.

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 : GDYN

The primary concerns for GDYN are Revenue Growth, Market Cap, Return on Equity. A P/E of 109.2x leaves little room for execution misses. Thin 1.3% margins leave little buffer for downturns.

Bear Case : INFY

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

Key Dynamics to Monitor

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

GDYN carries more volatility with a beta of 0.94 — expect wider price swings.

INFY is growing revenue faster at 6.6% — sustainability is the question.

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

Bottom Line

INFY scores higher overall (58/100 vs 36/100), backed by strong 16.4% margins. GDYN offers better value entry with a 65.9% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Grid Dynamics Holdings Inc

TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES · USA

Grid Dynamics Holdings, Inc., provides enterprise-grade digital transformation services for Fortune 1000 corporations in the United States and Central and Eastern European countries. The company is headquartered in San Ramon, California.

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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