QualityDipStocks / Technology · IT services
Wipro WIT
Not in a dip by our rules: 29% below its 52-week high.
A quality company trading near our fair value estimate.
- Fair value est.
- $2.12−2%
- Market Value
- —
- Off 52-wk high
- −29%
- Risk vs market
- Lowbeta 0.39
5 bullish · 5 bearish See why
Key levels
Every level vs today’s $2.16
- 52-wk lowlowest close, 1 year$1.61−25.5%
- Fair value est.base case$2.12−1.7%
- PriceFri Oct 30 close$2.16you are here
- 52-wk highhighest close, 1 year$3.06+41.7%
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 3.0% ±2 points. Bear = 10.5% and 1.0%; bull = 8.5% and 5.0% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, WIT’s free cash flow would need to grow about 3% a year for five years; our estimate uses 3%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much WIT moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves much less than the market, but its own price swings are 3.7× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.39
- Volatility
- 47% vs 13% SPY
- Correlation SPY
- 0.11
- Correlation QQQ
- 0.06
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
ValuationP/E of 16.1× vs a 33.9× median for the 138 Technology companies we cover.
Cash returnsDividend yield of 5.4% ($1.2B paid over 12 months, 87% of earnings).
ValuationFree-cash-flow yield of 6.3% (price / FCF 15.9×): $1.4B of free cash in the last 12 months.
Balance sheetDebt / equity of 0.2×, below the 0.4× median for the 88 Technology companies we cover.
QualityPasses all four of our quality checks: cash generation, returns on capital, growth and balance sheet.
Top bearish points 5 of 5
Balance sheetDebt rose 86% to $1.8B from FY2024 to FY2026.
GrowthSales fell 5% over the last 12 months vs the 12 months before (SEC filings).
Cash returnsFree cash flow fell 21% over the last 12 months vs the 12 months before.
GrowthSales shrank 4% a year from FY2023 to FY2026.
Cash returnsDividends take 87% of earnings ($1.2B paid over 12 months), leaving little to reinvest or raise the payout.
Who’s talking about it
Notable investors, executives, analysts and public figures on Wipro in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in IT services
All fundamentals
P/E 16.1 · FCF yield 6.3% · ROE 15%
Valuation
- P/E
- 16.1×Technology median 33.9×
- Price / FCF
- 15.9×
- FCF yield
- 6.3%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 2.30×
- Price / book
- 2.40×
- Market cap
- $22.7Bprice × diluted shares
- Enterprise value
- $23.3B
Growth
- Revenue, 12 months
- $9.9B
- Sales growth, 12 months
- −5.3%vs the 12 months before
- Sales growth, 3 yrs
- −3.6%/yrfrom FY2023
- Diluted EPS, 12 months
- n/anot reported in its SEC filings
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- $1.4B
- Net income growth
- −8%12 months vs before
Profitability
- Gross margin
- 29.2%
- Operating margin
- 16.3%
- Net margin
- 14.3%
- FCF margin
- 14.4%
- Return on equity
- 15%
- Return on invested capital
- 12%
Balance sheet
- Cash & short-term inv.
- $1.1B
- Total debt
- $1.8B
- Net cash
- −$643M
- Debt / equity
- 0.19×
- Interest coverage
- 10.3×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $1.4B
- FCF growth, 12 months
- −21%
- Dividend yield
- 5.41%$1.2B paid
- Payout ratio
- 87%
- Buybacks, 12 months
- $0
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Mar 31, 2026; balance sheet at Mar 31, 2026. From Wipro’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
DCF $2.12 · FCF value $322.55
Assumes 3.0% growth for 5 years (revenue grew 1.6% a year FY24–FY26; floored at 3%), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $0.13 a share (fiscal year to Mar 31, 2026, converted from INR at 0.01053), from the 20-F filed Jun 2, 2026. Capex: purchases of property, plant and equipment (from the filing).
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only arm once a company is in a dip.
Momentum & 52-week range
RSI 70 · 5 days +2.4%
The business
FCF $124.8B · Sales +11%
- Free cash flow, 12 months$124.8B
- Free-cash-flow yield597.3%
- Free-cash-flow margin13%
- Gross margin29%
- Operating margin16%
- Return on invested capital13%
- Return on equity15%
- Sales growth (latest quarter vs year-ago quarter)+11%
- Net debt / EBITDA0.6×
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
Get a text when WIT fires a reversal signal
One text when a published rule fires on WIT or any of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.