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Wipro Limited (WIPRO) Fair Value & Analysis

Technology · IN · Market cap ₹1.8T

WL Wipro Limited WIPRO · NSE
Price₹183.10
Fair Value₹314.26
Upside+71.6%
Quality69/100
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Healthy Growth
Solidly profitable · 14.3% net margin
Low debt · generates free cash flow
6.27% dividend yield
Ranks above peers (12/15)
Moderate moat 60/100
Evidence: High Range ₹201.68 – ₹395.29 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Fair value updated Aug 13, 2026, revised from ₹226.81 to ₹314.26 (+38.6%) since Jul 13, 2026. Share price +3.4% over the past month.

A solid business, screening 72% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (₹201.68). The market is more pessimistic than our downside scenario.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (₹201.68 to ₹395.29) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹333.44 ₹166.67 Fair Value ₹314.26 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹166.67 – ₹333.44 · fair‑value band ₹201.68 – ₹395.29 · the ₹183.10 price screens below the ₹314.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Wipro Limited (WIPRO) currently trades at ₹183.10, while our model-based Fair Value estimate is ₹314.26, implying the stock looks roughly 71.6% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Wipro Limited generated revenue of ₹926B at a net margin of 14.3%. Revenue grew 7.7% year over year. It earns a return on equity of 15.4%. Net debt stands at ₹97.4B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹201.68 (bear case) to ₹395.29 (bull case); at ₹183.10, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 31% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -6% fair-value upside, at 72%, WIPRO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹215.43 ₹362.17 ₹616.72 80
Residual Income ₹91.90 ₹113.06 ₹227.72 76
Rev-Margin DCF ₹166.97 ₹266.24 ₹388.80 74
All 26 models by family
DCF Models
FCF DCF ₹214.05 ₹364.76 ₹624.69 38
Owner Earnings ₹198.89 ₹338.39 ₹578.97 31
5Y Revenue Exit ₹166.97 ₹266.88 ₹397.76 39
5Y EBITDA Exit ₹226.11 ₹383.91 ₹575.94 41
5Y P/E Exit ₹249.12 ₹429.43 ₹628.89 38
10Y Revenue Exit ₹176.37 ₹275.83 ₹418.07 36
10Y EBITDA Exit ₹220.51 ₹361.56 ₹564.78 37
10Y P/E Exit ₹235.85 ₹394.90 ₹608.38 35
Earnings-Based
Graham-Dodd ₹90.72 ₹361.09 ₹490.67 54
Lynch FV ₹89.56 ₹127.95 ₹166.33 50
PEG = 1.0 ₹89.56 ₹127.95 ₹166.33 46
EPV ₹120.75 ₹140.21 ₹157.51 59
Dividend Discount
Gordon GGM ₹112.03 ₹244.57 ₹411.51 70
DDM Multi-Stage ₹112.03 ₹200.35 ₹254.89 61
Multiples
P/E Multiple ₹280.17 ₹373.56 ₹466.95 63
P/S Multiple ₹170.10 ₹226.81 ₹283.51 58
P/B Multiple ₹170.10 ₹226.81 ₹283.51 55
EV/EBIT ₹283.16 ₹374.05 ₹464.95 53
EV/EBITDA ₹253.55 ₹334.58 ₹415.60 54
EV/Revenue ₹148.33 ₹207.41 ₹266.49 43
Asset-Based
NCAV (Graham) ₹44.75 ₹59.97 ₹89.50 50
Growth DCF
Growth DCF ₹215.43 ₹362.17 ₹616.72 80
Rev-Margin DCF ₹166.97 ₹266.24 ₹388.80 74
Economic Profit
Residual Income ₹91.90 ₹113.06 ₹227.72 76
ROIC Compounder ₹131.49 ₹175.22 ₹235.41 72
Growth Earnings
Growth-Adj P/E ₹189.14 ₹270.21 ₹351.27 68

Widest divergence: DCF Models (₹361.56) versus Asset-Based (₹59.97). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹926B
Revenue growth (YoY) +7.7%
Net margin 14.3%
Return on equity 15.4%
Free cash flow ₹156B FY2026
P/E ratio 14.6
More key figures
Operating margin 17.2%
EPS (TTM) ₹12.56
Dividend yield 5.4%
EPS growth (YoY) -1.6%
Net debt ₹97.4B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 67 · Market factors (momentum, volatility) 38

Profitability 52
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 88
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments.

Full company description

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments. The IT Services segment offers AI-powered IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises. Its IT Products segment provides a range of third-party IT products, including enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. The company has a strategic alliance with the Indian Institute of Science and the Foundation for Science Innovation and Development to collaborate on research and innovation across frontier technologies. Wipro Limited was incorporated in 1945 and is based in Bengaluru, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Wipro Limited reported revenue of ₹926B in FY2026 versus ₹791B in FY2022, a compound +4.0%/yr. Reported net income was ₹132B in FY2026, compounding +1.9%/yr from FY2022.

Growth Quality 87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹926B
Latest YoY
+4.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.4%
Avg. growth/yr (26Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.3%
Revenue +4.0%/yr
FY22 ₹791B
FY23 ₹905B
FY24 ₹898B
FY25 ₹891B
FY26 ₹926B
Net income +1.9%/yr
FY22 ₹122B
FY23 ₹114B
FY24 ₹110B
FY25 ₹131B
FY26 ₹132B
Character of growth · EPS growth decomposed (2015-2026) +6.6 % p.a.
Revenue per share +9.2 pp

of which total revenue +6.6 pp · buybacks/dilution +2.6 pp

EBIT margin −1.7 pp
Tax rate −0.3 pp
Residual (interest, one-offs) −0.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Wipro Limited Fair Value". https://www.fairvalue-calculator.com/stock/WIPRO

Peer Group

Information Technology Services · 488 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 69 · Top 25%
Fair Value upside +72% · Top 25%
Return on equity (TTM) 15% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth 8% · Above median
Dividend yield (TTM) 6.3% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 14.6× · Cheaper than median
P/B 1.98× · Pricier than median
P/S (TTM) 1.90× · Pricier than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 9.7× · Cheaper than median
PEG 1.19× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 33
FUTURE 39 · sector 31
PAST 62 · sector 35
HEALTH 100 · sector 97
DIVIDEND 100 · sector 36

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.98 $175.76 -26%
Accenture plc ACNN 2,460 MXN 300.07 MXN -88%
Tata Consultancy Services Limited TCS ₹2,350 ₹3,473 +48%
Infosys Limited INFY ₹1,176 ₹1,998 +70%
HCL Technologies Limited HCLTECH ₹1,365 ₹1,722 +26%
Tech Mahindra Limited TECHM ₹1,625 ₹1,521 -6%
Samsung SDS Co 018260 235,500 KRW 235,321 KRW -0%
Persistent Systems Limited PERSISTENT ₹5,474 ₹3,259 -40%
Hyundai Autoever Corporation 307950 433,000 KRW 186,323 KRW -57%
Coforge Limited COFORGE ₹1,829 ₹983.97 -46%

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Frequently asked questions

Is Wipro Limited (WIPRO) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹314.26 versus a price of ₹183.10, about +72% (undervalued).
What is the fair value of WIPRO?
Our model-based fair value for Wipro Limited is ₹314.26 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹183.10.
What is the quality score of WIPRO?
Wipro Limited has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Wipro Limited (WIPRO)?
Wipro Limited reported trailing-twelve-month revenue of about ₹926B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of WIPRO?
The net profit margin of Wipro Limited is about 14.3%, meaning it keeps roughly 14.3% of revenue as net income. Based on the latest reported figures.
Does Wipro Limited pay a dividend?
Wipro Limited currently shows a dividend yield of about 5.38% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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