Wipro Valuation

Is WIPRO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of WIPRO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WIPRO (₹309.1) is trading above our estimate of fair value (₹125.84)

Significantly Below Fair Value: WIPRO is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for WIPRO?

Key metric: As WIPRO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for WIPRO. This is calculated by dividing WIPRO's market cap by their current earnings.
What is WIPRO's PE Ratio?
PE Ratio27.5x
Earnings₹117.41b
Market Cap₹3.23t

Price to Earnings Ratio vs Peers

How does WIPRO's PE Ratio compare to its peers?

The above table shows the PE ratio for WIPRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.3x
HCLTECH HCL Technologies
29.9x9.0%₹5.1t
TECHM Tech Mahindra
46.2x24.9%₹1.5t
INFY Infosys
28.7x8.1%₹7.9t
LTIM LTIMindtree
36.1x14.8%₹1.7t
WIPRO Wipro
27.5x8.1%₹3.2t

Price-To-Earnings vs Peers: WIPRO is good value based on its Price-To-Earnings Ratio (27.5x) compared to the peer average (35.3x).


Price to Earnings Ratio vs Industry

How does WIPRO's PE Ratio compare vs other companies in the IN IT Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GTL GTL
1.2xn/aUS$22.37m
517429 Athena Global Technologies
0.7xn/aUS$17.13m
509040 Netlink Solutions (India)
3.4xn/aUS$5.37m
0.05xn/aUS$130.33k
No more companies available in this PE range
WIPRO 27.5xIndustry Avg. 35.3xNo. of Companies16PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WIPRO is good value based on its Price-To-Earnings Ratio (27.5x) compared to the Indian IT industry average (35.3x).


Price to Earnings Ratio vs Fair Ratio

What is WIPRO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WIPRO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.5x
Fair PE Ratio48.9x

Price-To-Earnings vs Fair Ratio: WIPRO is good value based on its Price-To-Earnings Ratio (27.5x) compared to the estimated Fair Price-To-Earnings Ratio (48.9x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WIPRO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹309.10
₹269.70
-12.7%
12.4%₹350.00₹212.50n/a41
Dec ’25₹288.93
₹267.09
-7.6%
12.3%₹350.00₹212.50n/a41
Nov ’25₹275.68
₹265.13
-3.8%
11.5%₹335.00₹212.50n/a41
Oct ’25₹273.38
₹256.32
-6.2%
12.3%₹335.00₹205.00n/a41
Sep ’25₹269.20
₹250.84
-6.8%
12.0%₹320.00₹192.50n/a41
Aug ’25₹260.78
₹250.53
-3.9%
12.2%₹320.00₹192.50n/a40
Jul ’25₹263.68
₹236.86
-10.2%
11.4%₹303.50₹192.50n/a40
Jun ’25₹219.10
₹228.32
+4.2%
9.7%₹285.00₹192.50n/a41
May ’25₹231.20
₹226.10
-2.2%
11.5%₹285.00₹135.00n/a42
Apr ’25₹242.48
₹232.24
-4.2%
12.3%₹285.00₹135.00n/a40
Mar ’25₹259.55
₹232.16
-10.6%
12.5%₹285.00₹135.00n/a40
Feb ’25₹235.68
₹228.93
-2.9%
13.4%₹285.00₹135.00n/a40
Jan ’25₹238.58
₹200.04
-16.2%
11.0%₹250.00₹135.00n/a40
Dec ’24₹203.83
₹196.58
-3.6%
10.6%₹240.00₹135.00₹288.9340
Nov ’24₹190.48
₹197.94
+3.9%
11.1%₹243.00₹135.00₹275.6840
Oct ’24₹203.03
₹200.56
-1.2%
8.8%₹243.00₹167.50₹273.3839
Sep ’24₹208.18
₹196.45
-5.6%
9.5%₹243.00₹159.50₹269.2040
Aug ’24₹203.48
₹196.17
-3.6%
9.6%₹243.00₹159.50₹260.7841
Jul ’24₹194.58
₹194.21
-0.2%
10.2%₹239.50₹154.50₹263.6839
Jun ’24₹203.58
₹194.68
-4.4%
10.4%₹239.50₹155.00₹219.1039
May ’24₹192.50
₹196.21
+1.9%
10.2%₹239.50₹155.00₹231.2039
Apr ’24₹182.63
₹203.46
+11.4%
10.6%₹245.00₹155.00₹242.4839
Mar ’24₹195.48
₹212.98
+9.0%
15.0%₹370.00₹175.00₹259.5541
Feb ’24₹201.20
₹211.74
+5.2%
15.1%₹370.00₹164.00₹235.6843
Jan ’24₹196.38
₹211.23
+7.6%
16.4%₹370.00₹164.00₹238.5840
Dec ’23₹206.85
₹209.76
+1.4%
16.5%₹370.00₹164.00₹203.8340

Analyst Forecast: Target price is lower than the current share price.


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 18:47
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Wipro Limited is covered by 93 analysts. 42 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ashwin MehtaAmbit Capital
Mohit JainAnand Rathi Shares and Stock Brokers Limited
Hitesh AgrawalAngel Broking Private Limited