Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price1.62 USD
Fair value1.99
Ethical score82.9/100
RatingOPPORTUNITY
Our investment reviews on this name
2026-09-17Read Distribution1.68-3.6% to today ✓
2026-08-18Read Markup2.00-19.0% to today
2026-07-02Read Markdown2.10-22.9% to today ✓
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Wipro Ltd holds its Distribution at $1.62. Consolidating, no directional conviction, held for 2 days.
As held on the ledger · 2026-09-28
Phase
Distribution · caution
Quantitative state
Consolidating, no directional conviction, held for 2 days
Price at the screen
$1.62
Valuation
12.46 trailing · 10.81 forward price to earnings
Values screen
PASS· score 82.9
Beta
0.39
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
14.93%
Below 33%
Interest-bearing debt is just 14.9% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
9.48%
Below 33%
Cash held in interest-bearing accounts and securities is 9.5% of assets, under the one-third limit.
Pass
Receivables
0.92%
Below 49%
Money owed to the company is 0.9% of assets, under the 49% limit.
Pass
Revenue purity
3.05%
Below 5%
Only 3.1% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
Wipro clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 15%, inside the ~33% line, and interest is about 3% of its income, under the ~5% line, so it passes.
Read as at 2026-10-04. It updates when the underlying figures move, and past reads are kept below.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads OPPORTUNITY: it trades at roughly a 23% discount to our $1.99 fair value, 10.60% revenue growth.
Fair value range in USD, drawn from the 2026-09-28 screen. The gold marker is the market price at the same screen. A 23.0% margin of safety to the base estimate.
Third-party analyst targets: 7 covering, consensus Underperform. The average target sits +7% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-28 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Indian IT workhorse priced for modest growth
When a European bank upgrades its core systems or a US retailer moves data to the cloud, the contract often lands with an Indian IT services firm. Wipro delivers that work at a forward multiple of 12.5 times earnings, 8 percent revenue growth and 14 percent profit margins, sitting just 7 percent below our fair value estimate.
Return on equity of 15 percent and a clean ethical screen give the business a steady profile that the market appears to undervalue. The seven analysts covering the stock lean toward underperform, yet the median price target still sits above the current level.
IT services remain exposed to client spending cycles and currency swings that can quickly compress margins. Those factors keep the opportunity rating measured rather than compelling. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to India and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
WIT trades on NYSE (ADR) (the company is based in India). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-02Distribution$1.62-3.6%Entry 6
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 3.6% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 15%. The street (7 analysts) rates it underperform, with a mean price target of $2.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 16.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 15%. The street (7 analysts) rates it underperform, with a mean price target of $2.
2026-08-18Markup · changed$2.00-4.8%Entry 4
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 4.8% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 15%. The street (7 analysts) rates it underperform, with a mean price target of $2.
2026-07-18Markdown$2.10+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 15%. The street (7 analysts) rates it underperform, with a mean price target of $2.
2026-07-03Markdown$2.10+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Markdown$2.10Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
