Wipro Ltd
WIPRO NSE
Wipro Ltd
Information Technology F&ONSE: WIPRO BSE: 507685 IT - Software
Key Fundamentals
LargecapComputer Software & ConsultingInformation TechnologyMarket Cap
1.8L Cr
Volatility
Moderate
P/E Ratio
13.92
EBITDA
₹21,685 Cr
Return on Equity
15.03%
Debt to Equity
0.23
Book Value
₹88.75
EPS
₹21.37
52W High
₹273.1
52W Low
₹169
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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41 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Stock is providing a good dividend yield of 6.05%.
- Company has been maintaining a healthy dividend payout of 46.7%
Weaknesses
1- The company has delivered a poor sales growth of 8.38% over past five years.
Growth Rate
Revenue Growth
3.79% ↗
Net Income Growth
0.36% ↗
Cash Flow Change
-11.87% ↘
ROE
-6.12% ↘
ROCE
-2.41% ↗
EBITDA Margin (Avg.)
-4.63% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAI opinion · based on fundamentals
Risk medium
Wipro Ltd trades at a market cap of ₹1.82 lakh crore with a PE of 13.7x, below the IT sector average. The company delivered FY25 operating margin expansion of 90 bps to 17.1% and net income growth of 18.9% YoY, but revenue growth remains sluggish at 1% CAGR over three years with IT services revenue declining 2.3% YoY in Q4 FY25.
Bull Case 8
- Attractive valuation at PE of 13.7x, significantly below the Indian IT sector average of 25-30x, offering a margin of safety
- Strong dividend yield of 5.98% with a healthy payout ratio of 46.7%, providing consistent income to shareholders
- Operating margin expanded 90 bps YoY to 17.1% in FY25 and further to 17.2% in FY26, demonstrating sustained cost discipline
- Net income grew 18.9% YoY in FY25 and Q4 FY25 net income of ₹35.7 billion was up 25.9% YoY, showing profit recovery
- Attrition declined from 15% in Q4 FY25 to 13.8% in Q4 FY26, reducing hiring and training costs while stabilising delivery
- Overall deal bookings of $3.3 billion in Q3 FY26 with large deal bookings of $0.9 billion indicate a healthy pipeline
- Consistent ROE of 15-17% over the past decade reflects steady capital efficiency despite revenue headwinds
- Headcount grew from 2,33,346 in FY25 to 2,42,156 in FY26, signalling confidence in demand recovery
Bear Case 8
- Compounded sales growth of just 1% over 3 years and 6% TTM reflects persistent revenue stagnation in a growing industry
- Stock price CAGR of -25% over 1 year and -4% over 3 years indicates significant shareholder value erosion
- IT services revenue declined 2.3% YoY in Q4 FY25 and FY26 annual revenue declined 1.6% in constant currency, lagging peers
- Price-to-book of 2.06x with declining revenue trajectory suggests limited upside without a revenue inflection
- Compounded profit growth of just 4% over 5 years and -2% TTM shows earnings momentum is inconsistent
- 52-week high of ₹273.15 versus current price near ₹184 represents a 33% drawdown, reflecting market scepticism on growth outlook
- Q1 FY26 guidance of -3.5% to -1.5% sequential decline in constant currency signalled continued near-term revenue pressure
- 10-year stock CAGR of only 6% significantly underperforms the broader Indian market indices over the same period
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 19h ago Positives 4
- Enterprise Resilience service with Rubrik Aug 5
Wipro partnered with Rubrik to launch Enterprise Resilience as a Service (ERaaS) on Aug 5, combining consulting expertise with Rubrik's data security platform and leveraging the WINGS AI platform for predictive recovery.
- Databricks practice for enterprise AI Jul 27
Wipro established a dedicated Databricks business practice integrating its WEGA platform and Databricks Genie, building on 300+ prior use cases to drive industry-specific AI solutions at scale.
- Global investor roadshow scheduled Aug 4
Wipro scheduled analyst and institutional investor meetings from Aug 12 to Sep 10 across Mumbai, Hong Kong, New York, and San Francisco, signaling active engagement with global capital markets.
- Strong ESG rating of 80.6 Aug 7
Wipro received a voluntary ESG rating of 80.6 from SES ESG Research for FY26, up from a 78 rating assigned by ESG Risk Assessments on Jul 21.
Neutral 2
- 10+ lakh RSUs granted to employees Jul 29
Wipro granted over 10 lakh RSUs to employees under its 2024 equity scheme effective Jul 29, followed by an additional 21,668 RSUs to an identified employee effective Aug 12.
- ESG rating of 78 from ERAI Jul 21
Wipro received a voluntary ESG rating of 78 from ESG Risk Assessments & Insights Limited based on publicly available data.
TL;DR: Wipro is actively building new service offerings around AI and cyber resilience through partnerships with Rubrik and Databricks, demonstrating strategic focus on high-growth areas. No material headwinds emerged in this period. Employee retention via RSU grants and a global investor roadshow suggest management confidence. The trend is steady with a forward-leaning posture on AI-driven services that could support revenue growth in coming quarters.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22,831 | 22,516 | 22,205 | 22,208 | 21,964 | 22,302 | 22,319 | 22,504 | 22,135 | 22,697 | 23,556 | 24,236 | 24,479 |
| Expenses | 18,627 | 18,546 | 18,007 | 17,828 | 17,614 | 17,798 | 17,779 | 17,880 | 17,902 | 18,325 | 19,259 | 19,327 | 19,846 |
| Operating Profit | 4,204 | 3,970 | 4,198 | 4,381 | 4,350 | 4,503 | 4,540 | 4,624 | 4,233 | 4,372 | 4,296 | 4,909 | 4,633 |
| OPM % | 18% | 18% | 19% | 20% | 20% | 20% | 20% | 21% | 19% | 19% | 18% | 20% | 19% |
| Other Income | 640 | 740 | 598 | 653 | 730 | 962 | 1,005 | 1,217 | 1,072 | 963 | 1,008 | 857 | 979 |
| Interest | 309 | 303 | 312 | 331 | 329 | 357 | 415 | 377 | 361 | 361 | 366 | 370 | 473 |
| Depreciation | 738 | 897 | 932 | 840 | 729 | 831 | 676 | 722 | 686 | 692 | 805 | 728 | 804 |
| PBT | 3,798 | 3,509 | 3,552 | 3,862 | 4,022 | 4,278 | 4,453 | 4,743 | 4,258 | 4,282 | 4,134 | 4,668 | 4,334 |
| Tax % | 24% | 24% | 24% | 26% | 24% | 25% | 24% | 24% | 22% | 24% | 24% | 25% | 23% |
| Net Profit | 2,886 | 2,667 | 2,701 | 2,858 | 3,037 | 3,227 | 3,367 | 3,588 | 3,336 | 3,262 | 3,145 | 3,522 | 3,356 |
| EPS in Rs | 2.61 | 2.53 | 2.58 | 2.71 | 2.87 | 3.07 | 3.2 | 3.41 | 3.18 | 3.1 | 2.97 | 3.34 | 3.38 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 46,951 | 51,244 | 55,448 | 54,487 | 59,019 | 61,138 | 61,935 | 79,312 | 90,488 | 89,760 | 89,088 | 92,624 | 94,968 |
| Expenses | 36,652 | 40,448 | 44,128 | 44,100 | 47,406 | 48,795 | 47,164 | 62,628 | 73,649 | 73,008 | 71,067 | 74,813 | 76,757 |
| Operating Profit | 10,299 | 10,796 | 11,321 | 10,387 | 11,613 | 12,342 | 14,771 | 16,684 | 16,839 | 16,752 | 18,021 | 17,811 | 18,211 |
| OPM % | 22% | 21% | 20% | 19% | 20% | 20% | 24% | 21% | 19% | 19% | 20% | 19% | 19% |
| Other Income | 2,450 | 2,752 | 2,623 | 2,550 | 2,614 | 2,728 | 2,404 | 2,067 | 2,275 | 2,631 | 3,909 | 3,899 | 3,807 |
| Interest | 350 | 558 | 594 | 583 | 738 | 733 | 509 | 532 | 1,008 | 1,255 | 1,477 | 1,458 | 1,570 |
| Depreciation | 1,175 | 1,496 | 2,310 | 2,112 | 1,947 | 2,086 | 2,763 | 3,078 | 3,340 | 3,407 | 2,958 | 2,911 | 3,030 |
| PBT | 11,224 | 11,494 | 11,039 | 10,242 | 11,542 | 12,252 | 13,903 | 15,141 | 14,766 | 14,721 | 17,496 | 17,342 | 17,418 |
| Tax % | 22% | 22% | 23% | 22% | 22% | 20% | 22% | 19% | 23% | 25% | 24% | 24% | — |
| Net Profit | 8,714 | 8,957 | 8,518 | 8,003 | 9,018 | 9,772 | 10,868 | 12,243 | 11,366 | 11,112 | 13,218 | 13,266 | 13,285 |
| EPS in Rs | 6.58 | 6.76 | 6.55 | 6.63 | 7.46 | 8.51 | 9.85 | 11.15 | 10.34 | 10.57 | 12.54 | 12.58 | 12.79 |
| Div. Payout % | 34% | 17% | 6% | 6% | 7% | 6% | 5% | 27% | 5% | 5% | 48% | 87% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 494 | 494 | 486 | 905 | 1,207 | 1,143 | 1,096 | 1,096 | 1,098 | 1,045 | 2,094 | 2,098 |
| Reserves | 36,598 | 45,651 | 51,184 | 47,022 | 55,216 | 54,179 | 53,805 | 64,307 | 76,570 | 73,488 | 80,270 | 85,921 |
| Borrowings | 7,891 | 12,522 | 14,241 | 13,901 | 9,947 | 9,724 | 10,451 | 17,593 | 17,467 | 16,465 | 19,204 | 20,291 |
| Other Liabilities | 13,367 | 12,924 | 12,761 | 13,563 | 16,217 | 15,954 | 17,213 | 24,280 | 21,789 | 23,611 | 26,362 | 32,574 |
| Total Liabilities | 58,350 | 71,590 | 78,672 | 75,391 | 82,586 | 81,000 | 82,566 | 1,07,276 | 1,16,924 | 1,14,609 | 1,27,929 | 1,40,884 |
| Fixed Assets | 10,837 | 17,279 | 19,886 | 18,127 | 17,465 | 22,062 | 23,040 | 37,990 | 44,757 | 43,628 | 45,187 | 51,690 |
| CWIP | 395 | 381 | 738 | 1,378 | 2,142 | 1,881 | 1,853 | 1,602 | 617 | 723 | 196 | 412 |
| Investments | 5,532 | 20,915 | 29,913 | 25,797 | 22,887 | 20,032 | 18,775 | 26,154 | 33,073 | 33,384 | 43,926 | 46,786 |
| Other Assets | 41,586 | 33,016 | 28,135 | 30,090 | 40,093 | 37,024 | 38,898 | 41,531 | 38,477 | 36,873 | 38,620 | 41,995 |
| Total Assets | 58,350 | 71,590 | 78,672 | 75,391 | 82,586 | 81,000 | 82,566 | 1,07,276 | 1,16,924 | 1,14,609 | 1,27,929 | 1,40,884 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 7,840 | 7,887 | 9,277 | 8,423 | 11,632 | 10,064 | 14,755 | 11,080 | 13,060 | 17,622 | 16,943 | 14,932 |
| Investing | -2,537 | -13,761 | -11,770 | 3,595 | 5,065 | 3,593 | 685 | -22,321 | -8,169 | 1,144 | -8,044 | -2,448 |
| Financing | -830 | -159 | -2,275 | -12,998 | -4,937 | -15,100 | -12,884 | 4,659 | -6,088 | -18,257 | -6,396 | -14,126 |
| Net Cash Flow | 4,474 | -6,032 | -4,767 | -979 | 11,760 | -1,442 | 2,556 | -6,583 | -1,197 | 509 | 2,502 | -1,642 |
| Free Cash Flow | 6,699 | 6,570 | 7,750 | 6,353 | 9,548 | 7,842 | 12,873 | 9,138 | 11,631 | 16,973 | 15,621 | 13,447 |
| CFO/OP | 100 | 98 | 104 | 108 | 122 | 87 | 117 | 82 | 96 | 114 | 109 | 99 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 71 | 62 | 68 | 62 | 62 | 56 | 53 | 51 | 47 | 48 | 54 |
| Inventory Days | 56 | 66 | — | — | — | — | — | — | — | — | — | — |
| Days Payable | 671 | 597 | — | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | -544 | -461 | 62 | 68 | 62 | 62 | 56 | 53 | 51 | 47 | 48 | 54 |
| Working Capital Days | 15 | -14 | -23 | 3 | -13 | -18 | -31 | -15 | -3 | -4 | -17 | -47 |
| ROCE % | 27% | 23% | 19% | 17% | 19% | 20% | 22% | 21% | 18% | 17% | 20% | 18% |
Documents
Frequently Asked Questions about Wipro Ltd
What does Wipro Ltd do?
Wipro Ltd is a global Information technology, consulting and business process services (BPS) company.[1]
It is the 4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies.[2]
Where is Wipro Ltd (WIPRO) listed?
Wipro Ltd is listed on the Indian stock exchanges. It is listed on NSE: WIPRO and BSE: 507685. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Wipro Ltd belong to?
Wipro Ltd operates in the Information Technology sector within the IT - Software industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Wipro Ltd?
Wipro Ltd has a market capitalisation of approximately ₹177818.90 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Wipro Ltd?
The Price-to-Earnings (PE) ratio of Wipro Ltd is 13.92. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Wipro Ltd?
Over the past 52 weeks, Wipro Ltd has traded between a low of ₹169 and a high of ₹273.1. This range helps investors understand the stock's price volatility and recent trading levels.
Does Wipro Ltd pay dividends?
Yes, Wipro Ltd has a dividend yield of 1.10%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Wipro Ltd?
Wipro Ltd has a Return on Equity (ROE) of 15.03%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Wipro Ltd on Tapetide?
On Tapetide, you can view Wipro Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Wipro Ltd is a global Information technology, consulting and business process services (BPS) company.[1] It is the 4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies.[2]
Website wipro.com
CEO Mr. Rishad Azim Hasham Premji Jr.
Employees 2,30,000
Listed 1995-11-08
Face Value ₹ 2
Issued Size 10,48,68,13,567