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WIPRO - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 4.0

Stock Code WIPRO Market Cap 2,53,795 Cr. Current Price 242 ₹ High / Low 324 ₹
Stock P/E 21.1 Book Value 61.5 ₹ Dividend Yield 4.55 % ROCE 23.0 %
ROE 17.8 % Face Value 2.00 ₹ DMA 50 252 ₹ DMA 200 255 ₹
Chg in FII Hold -0.23 % Chg in DII Hold 0.52 % PAT Qtr 2,782 Cr. PAT Prev Qtr 2,614 Cr.
RSI 41.0 MACD -6.21 Volume 2,26,14,353 Avg Vol 1Wk 1,47,84,032
Low price 225 ₹ High price 324 ₹ PEG Ratio -5.28 Debt to equity 0.12
52w Index 17.0 % Qtr Profit Var -2.06 % EPS 11.5 ₹ Industry PE 23.9

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT rose from 2,614 Cr. to 2,782 Cr., though YoY profit variation is slightly negative (-2.06%).
  • Margins & Returns: ROCE at 23.0% and ROE at 17.8% highlight strong efficiency and profitability.
  • Debt Ratios: Debt-to-equity at 0.12 indicates low leverage, ensuring financial stability.
  • Cash Flows: Dividend yield of 4.55% provides attractive shareholder returns, supported by consistent cash generation.

💹 Valuation Indicators

  • P/E Ratio: 21.1 vs industry average of 23.9 → trades at a slight discount.
  • P/B Ratio: Current Price / Book Value ≈ 3.93 → moderately above intrinsic value.
  • PEG Ratio: -5.28 → negative, signaling weak growth outlook relative to valuation.
  • Intrinsic Value: Current price (242 ₹) appears fair, supported by strong returns and dividend yield.

🏢 Business Model & Competitive Advantage

  • Global IT services provider with diversified offerings across consulting, digital, and technology solutions.
  • Strong efficiency ratios (ROCE, ROE) provide competitive edge.
  • Attractive dividend yield enhances shareholder value.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 230 ₹ – 240 ₹, near support levels and 52-week low zone.
  • Long-Term Holding: Suitable for conservative investors seeking steady returns; staggered accumulation recommended due to weak growth signals.

✅ Positive

  • Strong ROCE (23%) and ROE (17.8%) highlight efficiency.
  • Dividend yield of 4.55% provides attractive income.
  • Quarterly PAT improved sequentially from 2,614 Cr. to 2,782 Cr.

⚠️ Limitation

  • PEG ratio (-5.28) signals weak growth outlook.
  • Quarterly profit variation (-2.06%) shows earnings pressure.
  • Stock trading below both 50 DMA (252 ₹) and 200 DMA (255 ₹), indicating weak momentum.

📉 Company Negative News

  • RSI at 41.0 and negative MACD (-6.21) suggest bearish technical outlook.
  • FII holdings decreased (-0.23%), showing reduced foreign investor confidence.

📈 Company Positive News

  • DII holdings increased (+0.52%), reflecting domestic institutional support.
  • Strong dividend yield continues to attract long-term investors.

🏭 Industry

  • Industry P/E at 23.9 indicates sector trades at slightly higher multiples.
  • IT services sector benefits from digital transformation and global outsourcing demand.
  • WIPRO trades at a discount compared to peers, offering potential value if growth stabilizes.

🔎 Conclusion

WIPRO demonstrates strong fundamentals with high efficiency and attractive dividend yield, but faces weak growth signals and bearish technical momentum. Entry is advisable near 230 ₹ – 240 ₹ for long-term investors, with staggered accumulation to mitigate risks. Overall, the company remains strategically positioned in IT services, though valuation and growth outlook warrant cautious optimism.

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