WIT vs INFY vs EXLS Stock Comparison

Wipro, Infosys and ExlService Holdings Prices as of Oct 23, 2026 Peers: Industry group
WIT Wipro Ltd
$2.12 +26.2% 1M -21.8% 1Y
Market cap
$21.84B
P/E
15.5x
Revenue (TTM)
$10.37B
Div. yield
–
IT Services Technology
INFY Infosys Ltd
$12.31 +14.5% 1M -29.8% 1Y
Market cap
$51.06B
P/E
0.2x
Revenue (TTM)
$952.02B
Div. yield
–
IT Services Technology
8 wins

Head to Head

11 decided of 12

Infosys leads on 8 of the 12 questions below (Infosys 8, ExlService Holdings 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionWITINFYEXLSLeader
Larger companyMarket capitalisation $21.84B $51.06B $6.37B INFY
Cheaper on earningsLower P/E, profitable companies only 15.5x 0.2x 25.5x INFY
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.1x 15.0x 19.6x INFY
Faster revenue growthRevenue growth, trailing twelve months -0.4% +4,736.0% +13.6% INFY
More profitableNet margin, trailing twelve months 13.6% 32.3% 11.2% INFY
Better return on capitalReturn on invested capital 16.6% — 21.0% EXLS
Less leveragedLower net debt / EBITDA 0.4x 0.2x 0.2x INFY
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -21.8% -29.8% +2.4% EXLS
Better 5-year returnAnnualised price return, 5 years -14.9%/yr -11.8%/yr +11.2%/yr EXLS
Less volatileAnnualised volatility, 1 year 46.6% 42.0% 43.3% INFY
Higher overall scoreMean of the five percentile scores vs peers 50/100 83/100 64/100 INFY

Percentile Scorecard

WITINFYEXLS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisWITINFYEXLS
Valuation 37 #32 of 50 100 #1 of 50 16 #42 of 50
Growth 14 #39 of 45 93 #4 of 45 75 #12 of 45
Profitability 93 #4 of 41 88 #6 of 41 95 #3 of 41
Financial Health 56 #28 of 62 66 #22 of 62 59 #26 of 62
Shareholder Returns 52 #15 of 30 69 #10 of 30 72 #9 of 30
Overall 50 83 64
  • WIT ranked among 66 companies in Technology Services
  • INFY ranked among 66 companies in Technology Services
  • EXLS ranked among 66 companies in Technology Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodWITINFYEXLSSPY
1 month +26.2%+14.5%+21.4% -1.0%
3 months +14.0%+10.7%+52.9% +2.9%
6 months +3.9%-4.3%+39.1% +6.4%
Year to date -25.4%-30.9%-0.3% +11.4%
1 year -21.8%-29.8%+2.4% +13.1%
3 years -6.8%-26.6%+63.7% +79.4%
3 years, per year -2.3%-9.8%+17.9% +21.5%
5 years -55.5%-46.5%+70.2% +67.7%
5 years, per year -14.9%-11.8%+11.2% +10.9%
10 years +15.6%+55.1%+344.3% +255.2%
10 years, per year +1.5%+4.5%+16.1% +13.5%

Risk

MeasureWITINFYEXLSSPY
Volatility, 1Y 46.6%42.0%43.3% 12.7%
Downside volatility, 1Y 47.0%43.4%45.6% 12.7%
Beta vs S&P 500, 1Y 0.440.36-0.05 1.00
Return / volatility, 1Y -0.47-0.710.05 1.03
Max drawdown, 5Y -66.8%-60.0%-51.3% -25.4%
From 52-week high -30.7%-39.1%-2.5% -2.5%
52-week high $3.06$20.22$43.38 $779.14
52-week low $1.62$10.49$25.22 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleWITINFYEXLS
P/E now vs peer median 15.8xmedian 17.7x 0.2xmedian 17.7x 25.8xmedian 17.7x
P/S now vs peer median 2.1xmedian 0.6x 0.1xmedian 0.6x 2.9xmedian 0.6x
EV/EBITDA now vs peer median 11.3xmedian 11.0x 0.5xmedian 11.0x 16.6xmedian 11.0x
P/FCF now vs peer median 14.1xmedian 12.3x 2.4xmedian 12.3x 23.3xmedian 12.3x
P/B now vs peer median 2.7xmedian 1.4x 0.1xmedian 1.4x 7.4xmedian 1.4x
PEG now vs peer median 11.83median 1.54 0.00median 1.54 1.50median 1.54

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsWITINFYEXLS
Revenue $10.37B $952.02B $2.24B
Gross profit $3.00B $133.02B $861.62M
Operating income $1.68B $86.76B $333.32M
Net income $1.43B $16.45B $250.00M
Free cash flow $1.57B $21.15B $275.04M
EPS (diluted) $0.13 $74.63 $1.64
Cash & equivalents $992.00M $243.50B $126.72M
Total debt $7.07B $47.85B $381.16M
Shares (diluted) 10.50B 4.12B 152.83M
Enterprise value $16.99B $38.59B $5.11B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricWITINFYEXLS
P/E 15.8x 0.2x 25.8x
P/FCF 14.1x 2.4x 23.3x
P/Operating cash flow 12.9x 2.7x 19.6x
P/S 2.1x 0.1x 2.9x
P/B 2.7x 0.1x 7.4x
P/Tangible book 2.9x 0.1x 7.7x
EV/EBITDA 11.3x 0.5x 16.6x
EV/EBIT 13.7x 0.9x 19.5x
EV/Revenue 2.2x 0.1x 2.9x
EV/FCF 14.7x 3.5x 23.7x
EV/Operating cash flow 13.3x 4.0x 19.9x
PEG (3Y EPS CAGR) 11.83 0.00 1.50

Growth

14 metrics
MetricWITINFYEXLS
Revenue growth (1Y) -0.4% 4,736% 13.6%
Revenue CAGR (3Y) -2.4% 34.8% 13.2%
Gross profit growth (1Y) -4.6% 2,114% 15.0%
Gross profit CAGR (3Y) -3.1% 186.2% 14.8%
Operating income growth (1Y) -4.6% 1,997% 11.0%
Operating income CAGR (3Y) -36.3% 180.8% 13.9%
Net income growth (1Y) -9.5% -4.7% 5.8%
Net income CAGR (3Y) 0.1% 15.4% 13.4%
EPS growth (1Y) -10.4% 116.2% 13.7%
EPS CAGR (3Y) 1.3% 34.4% 17.2%
Operating cash flow growth (1Y) -8.4% 127.6% -0.1%
Operating cash flow CAGR (3Y) -3.2% 1.4% 22.9%
Free cash flow growth (1Y) -9.1% -3.0% -1.0%
Free cash flow CAGR (3Y) -8.2% 5.3% 28.1%

Profitability

14 metrics
MetricWITINFYEXLS
Gross margin 28.9% 14.0% 38.5%
EBITDA margin 19.6% 14.6% 17.6%
Operating margin 16.2% 9.1% 14.9%
Pretax margin 17.9% 22.6% 14.5%
Net margin 13.6% 32.3% 11.2%
FCF margin 15.2% 2.2% 12.3%
Operating cash flow margin 16.7% 1.9% 14.6%
Return on equity 17.1% 31.0% 30.4%
Return on assets 10.1% 18.6% 14.6%
Return on invested capital 16.6% – 21.0%
Return on capital employed 17.6% 29.9% 33.1%
Asset turnover 0.7x 1.2x 1.3x
Cash conversion (OCF / net income) 1.2x 1.1x 1.3x
Stock comp / revenue 0.5% 0.0% 4.1%

Financial Health

11 metrics
MetricWITINFYEXLS
Debt / assets 13.6% 1.7% 21.8%
Debt / equity 0.2x 0.0x 0.4x
Net debt / EBITDA 0.4x 0.2x 0.2x
Debt / FCF 1.2x 1.3x 1.4x
Liabilities / assets 41.4% 39.1% 50.4%
Equity / assets 58.6% 60.9% 49.6%
Interest coverage 8.4x 41.8x 18.3x
Current ratio 1.7x 2.0x 1.2x
Quick ratio 0.6x 0.7x 1.3x
Cash ratio 0.3x 0.0x 0.4x
Altman Z-score 4.31 – 7.73

Shareholder Returns

7 metrics
MetricWITINFYEXLS
Dividend yield 4.2% 4.2% –
Net buyback yield 0.0% – 7.0%
Shareholder yield 4.2% 4.2% 7.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusWITINFYEXLS
Forward P/E 15.1xFY2026 15.0xFY2026 19.6xFY2026
EPS, next fiscal year $0.14FY2026 $0.82FY2026 $2.16FY2026
EPS growth, next FY 0.0%FY2026 +2.5%FY2026 +10.8%FY2026
EPS growth, the year after -7.1% +7.3% +26.4%
Revenue, next fiscal year $10.81BFY2026 $21.12BFY2026 $2.53BFY2026
Revenue growth, next FY +8.4%FY2026 +4.8%FY2026 +21.3%FY2026
Revenue growth, the year after +1.1% -3.0% +3.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersWITINFYEXLS
Held by institutions 3.1% 13.2% 100.0%
Institutions holding 297 431 442
Change in shares held, QoQ -3.4% +18.7% +1.7%
Institutions buying 175 218 211
Institutions selling 93 163 188
Buyers to sellers 1.88 1.34 1.12

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

WITINFYEXLS
WIT 1.00 0.49 0.29
INFY 0.49 1.00 0.58
EXLS 0.29 0.58 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, WIT, INFY and EXLS?

Infosys (INFY) is the largest by market capitalisation: Wipro (WIT) $21.84B, Infosys (INFY) $51.06B, ExlService Holdings (EXLS) $6.37B.

Which stock is cheaper, WIT, INFY and EXLS?

Infosys (INFY) trades on the lowest price-to-earnings ratio (Wipro (WIT) 15.5x, Infosys (INFY) 0.2x, ExlService Holdings (EXLS) 25.5x). On next year's consensus earnings, Infosys (INFY) is cheapest (Wipro (WIT) 15.1x, Infosys (INFY) 15.0x, ExlService Holdings (EXLS) 19.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Infosys (INFY) grew revenue fastest over the trailing twelve months: Wipro (WIT) -0.4%, Infosys (INFY) +4,736.0%, ExlService Holdings (EXLS) +13.6%.

Which company is more profitable?

Infosys (INFY) has the highest net margin (Wipro (WIT) 13.6%, Infosys (INFY) 32.3%, ExlService Holdings (EXLS) 11.2%). On return on invested capital, ExlService Holdings (EXLS) leads (Wipro (WIT) 16.6%, ExlService Holdings (EXLS) 21.0%).

Which stock has performed better?

Over the past year ExlService Holdings (EXLS) returned the most: Wipro (WIT) -21.8%, Infosys (INFY) -29.8%, ExlService Holdings (EXLS) +2.4%. Over five years, ExlService Holdings (EXLS) compounded fastest (Wipro (WIT) -14.9%/yr, Infosys (INFY) -11.8%/yr, ExlService Holdings (EXLS) +11.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Infosys (INFY) has been the steadiest (Wipro (WIT) 46.6%, Infosys (INFY) 42.0%, ExlService Holdings (EXLS) 43.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, WIT, INFY and EXLS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Infosys (INFY) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.