WIPRO
Wipro Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
WIPRO
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹184 today
BEAR
₹194
+6%
1.5% a year · 15.2x exit
BASE
₹238
+30%
2.6% a year · 18.5x exit
BULL
₹291
+58%
3.5% a year · 22.4x exit
Where the market has priced it
11x15x today27x
management named no year; shown one year out
- at 15x its FY26 earnings the stock trades below the bottom of its own ten-year range (15x)
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹12.58 (screener) |
|---|---|
| Guided growth | 2.6% a year, said on the call of 17-Jul-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — medium confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 15.18x / 18.48x / 22.36x, this company’s own p20 / median / p80 across 10 filed years |
| Filed-industry peers | median 21.77x across 22 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 1.5%
In quarter 2, we are guiding for a sequential growth of -1.5% to +0.5% in constant currency terms.
Call 17-Jul-2026 · bridge confidence medium · transcript PDF