Wipro
Wipro
Information Technology F&OKey Fundamentals
LargecapComputer Software & ConsultingInformation TechnologyTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is providing a good dividend yield of 6.90%.
- 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
AI Analysis — Bull vs Bear
Wipro Ltd has a market capitalisation of about ₹1,61,487 crore and trades at a P/E of 12.2x and a P/B of 1.84x. Its return on equity has held steady at 15-17% across 1, 3, 5 and 10-year periods. Revenue growth has been weak (3-year sales CAGR of 1%, TTM profit growth of -2%), and the stock has fallen 30% over the past year and 13% a year compounded over five years.
- At a P/E of 12.2x, the stock is valued at a low multiple for a large-cap Indian IT services company. Some of the weak growth outlook may already be reflected in the price.
- Return on equity has been steady at 15% last year, 16% over 3 and 5 years, and 17% over 10 years. This suggests the business stays profitable through slow revenue cycles.
- The company pays out 46.7% of its profits as dividends. That gives shareholders a regular cash return even while growth is slow.
- The supplied pros list a dividend yield of 6.71%. If that figure holds, it would be high for the sector. The key metrics show only 1.22%, though, so the yield needs to be checked before relying on it.
- TTM sales growth of 6% is higher than the 3-year sales CAGR of 1%. This may be an early sign that revenue is picking up again.
- A P/B of 1.84x is modest for a company with a 15-17% ROE. The stock is trading close to the value of its book equity plus the returns it earns on that equity.
- Profit grew at a 5% CAGR over 3 years, faster than the 1% sales CAGR over the same period. This points to margin or cost discipline while revenue was nearly flat.
- At about ₹1,61,487 crore in market cap, Wipro is one of India's largest IT services firms. Its scale and long client relationships help keep its revenue base stable.
- Sales grew at a CAGR of just 1% over 3 years and 8.38% over 5 years. That points to a loss of market share or weak deal wins compared with larger Indian IT peers.
- TTM profit growth is -2%, so earnings are shrinking even as TTM sales grew 6%. This suggests pressure on margins from pricing, wage costs or the business mix.
- The stock has fallen 30% over the past year, 8% a year over 3 years, and 13% a year over 5 years. Shareholder returns have been negative for a long period.
- Profit has grown only 4% a year over both 5 and 10 years, and sales only 6% a year over 10 years. This is barely above inflation and limits how much the valuation multiple can rise.
- ROE slipped to 15% last year from a 10-year average of 17%. Capital efficiency has declined slightly.
- The key metrics give a dividend yield of 1.22%, well below the 6.71% cited in the pros list. The 6.71% figure may include one-off payouts or buybacks, so the recurring yield could be much lower.
- A low P/E of 12.2x could be a value trap. With profit growth at -2% TTM and 4% over 5 years, there may be little to drive the multiple higher.
- A 10-year stock CAGR of only 6% shows how exposed the company is to changes in global tech spending, weak discretionary demand, and competition from AI-driven automation.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- STO360 launch with Aramco, SAP Sep 17
Wipro partnered with Aramco and SAP to launch STO360, an AI-powered shutdown management solution. It targets operational optimization in asset-intensive industries such as oil and gas.
- ESG Leader rating of 74 Sep 3
NSE Sustainability Ratings & Analytics gave Wipro a voluntary ESG rating of 74, placing it in the Leader category. The assessment was based on publicly available data.
- ABB workplace contract renewed Sep 2
Wipro renewed its long-standing digital workplace services contract with ABB. The scope covers GenAI self-service, virtual agents and device lifecycle management on the Wipro Intelligence platform. Financial terms were not disclosed.
- Alpha Net contracts acquisition closed Oct 1
Wipro subsidiaries completed the acquisition of select customer contracts from Alpha Net Consulting LLC on October 1, 2026. Closing came well ahead of the extended December 31, 2026 deadline.
- CISO Command Center with CrowdStrike Sep 9
On September 9, 2026, Wipro launched a CISO Command Center that combines Wipro Intelligence with the CrowdStrike Falcon platform. It focuses on AI-driven risk management and modern SOC operations, moving clients from tool-driven to risk-led security.
TL;DR: Wipro's recent news is steadily constructive: it is building its AI product portfolio through partnerships with Aramco, SAP and CrowdStrike, it renewed the ABB relationship, and it earned an ESG Leader rating of 74. None of these articles points to a direct headwind. The main limitation is that no deal values or revenue impact were disclosed, so the financial benefit can't be measured yet. The trend looks stable to improving, and the next test is whether these AI-led launches and renewals turn into large deal wins and better growth in upcoming quarterly results.
Quarterly Results
| Particulars | 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
| Particulars | 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
| Particulars | 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
| Particulars | 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
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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71 extracted metrics + investor summaries across FY00–FY27.
Documents
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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]
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