Wipro Ltd.

•

wipro.comBSE: 507685NSE: WIPRO

Market Cap₹ 1,65,902 Cr.

Current Price

High / Low₹ 273 / 165

Stock P/E14.7

Book Value₹ 51

Price to Book3.13

Dividend Yield6.57 %

ROCE24.4 %

ROE19.3 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • IT Services: 99.3% • IT Products: 0.7%

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 22.8%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.15x)
Company comfortably covers its interest (15.5x coverage)
Offers a healthy dividend yield of 6.6%
Company generates healthy free cash flow

CONS

A large part of profit comes from other income (33.8% of PBT)
Recent results are weak - TTM profit is down 18.7% versus prior year
Receivables are growing faster than sales - a possible quality concern
Company has delivered a poor profit growth of 3.8% over past five years
Company has delivered a poor sales growth of 7.2% over past five years
Operating margins have contracted to 18.3% from 21.4%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTY IT NIFTY 50 NIFTY100 QUALTY30 NIFTY DIV OPPS 50 NIFTYLARGEMIDCAP250

S.No.	Name
1.	TCS	2202.00	16.00	796702.87	5.00	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1038.20	13.91	421325.69	4.62	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1207.00	18.80	327539.38	4.47	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	167.50	12.55	165902.38	6.57	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1539.50	29.38	150891.59	3.31	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4301.15	24.39	127581.28	1.74	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11760.00	30.01	102409.76	3.40	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5537.45	45.42	87353.27	0.72	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1847.40	46.58	81835.77	0.86	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2294.10	22.92	43790.98	2.70	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3334.95	26.80	35379.24	1.74	357.10	12.97	2940.10	11.47	27.70	18.65
12.	TATATECH	761.75	55.53	30931.00	1.54	180.75	6.15	1664.63	33.78	19.56	16.64

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	17,203	16,681	16,316	16,593	16,795	17,226	17,124	17,429	17,195	17,770	18,017	18,363	18,418
	13,936	13,940	13,533	13,700	13,562	13,917	13,804	14,124	14,112	14,514	14,619	14,430	15,589
Operating Profit	3,267	2,740	2,783	2,893	3,234	3,310	3,320	3,305	3,084	3,256	3,398	3,933	2,830
OPM %	18.99%	16.43%	17.06%	17.43%	19.25%	19.21%	19.39%	18.96%	17.93%	18.32%	18.86%	21.42%	15.36%
	736	684	593	1,032	686	1,066	794	1,402	2,042	892	1,028	786	867
Interest	205	206	203	206	216	246	286	254	246	283	275	292	320
Depreciation	377	371	370	374	380	373	360	388	362	351	356	349	359
Profit before Tax	3,421	2,848	2,804	3,345	3,324	3,756	3,467	4,065	4,518	3,515	3,795	4,078	3,697
Tax %	24.36%	27.63%	27.84%	26.85%	27.65%	26.93%	18.07%	28.10%	18.18%	25.62%	26.68%	25.53%	22.49%
Net Profit	2,588	2,061	2,023	2,447	2,405	2,745	2,841	2,923	3,696	2,614	2,782	3,037	2,866
	4.72	3.94	1.94	2.34	2.30	2.63	2.71	2.80	3.53	2.50	2.66	2.90	2.74

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	46,048	44,710	48,124	50,407	50,299	59,574	67,753	66,792	68,575	71,345	72,568
	36,770	35,791	39,363	40,476	38,554	47,267	56,097	55,241	55,639	58,297	59,152
Operating Profit	9,278	8,919	8,761	9,931	11,746	12,308	11,656	11,551	12,936	13,048	13,416
OPM %	20.15%	19.95%	18.21%	19.70%	23.35%	20.66%	17.20%	17.29%	18.86%	18.29%	18.49%
	2,925	2,515	2,569	2,753	2,691	4,810	2,834	3,178	4,179	5,371	3,574
Interest	468	384	525	535	403	367	629	820	1,002	1,096	1,170
Depreciation	1,048	1,015	934	1,141	1,349	1,486	1,592	1,492	1,501	1,418	1,416
Profit before Tax	10,687	10,034	9,870	11,008	12,685	15,264	12,269	12,418	14,612	15,905	15,085
Tax %	23.63%	23.04%	22.86%	21.14%	20.69%	20.50%	25.20%	26.57%	25.32%	23.74%	25.09%
Net Profit	8,162	7,723	7,614	8,681	10,061	12,135	9,177	9,119	10,913	12,130	11,299
EPS	16.75	12.17	12.64	14.84	17.77	22.14	16.72	17.45	10.42	11.56	—
Dividend Payout %	5.96%	5.86%	7.92%	6.58%	5.45%	27.10%	5.98%	5.73%	57.57%	95.12%	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 7%
3 Years:: 2%

COMPOUNDED PROFIT GROWTH

10 Years:: 4%
5 Years:: 4%
3 Years:: 10%

STOCK PRICE CAGR

10 Years:: 6%
5 Years:: -13%
3 Years:: -8%
1 Year:: -34%

RETURN ON EQUITY

10 Years:: 19%
5 Years:: 19%
3 Years:: 18%
Last Year:: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	486	905	1,207	1,143	1,096	1,096	1,098	1,045	2,094	2,098
	45,864	41,181	47,924	45,156	43,839	52,728	61,102	56,098	60,694	60,790
	6,319	5,036	5,430	6,032	7,033	8,862	6,601	5,612	8,623	9,904
Trade Payables	3,819	4,176	4,766	4,543	4,124	4,685	5,300	5,839	6,782	6,010
	6,434	6,921	7,281	8,000	9,597	12,957	11,140	13,028	14,688	18,330
Total Liabilities	62,922	58,219	66,607	64,873	65,689	80,330	85,241	81,624	92,882	97,132
	4,362	4,367	4,401	6,639	7,288	8,038	8,825	7,860	9,023	8,918
Capital Work in Progress	694	1,291	2,113	1,874	1,848	1,584	604	670	178	412
	35,146	30,683	30,249	26,698	25,702	40,631	49,085	50,824	61,397	63,686
	356	294	340	174	91	88	91	73	62	47
	0	0	0	0	0	0	0	8,515	8,080	9,662
Cash & Bank	3,517	2,322	10,390	10,444	9,783	4,898	4,527	3,791	4,434	2,678
	18,847	19,263	19,114	19,044	20,977	25,091	22,109	9,891	9,708	11,729
Total Assets	62,922	58,219	66,607	64,873	65,689	80,330	85,241	81,624	92,882	97,132

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	9,728	9,087	12,589	9,659	15,004	9,330	13,372	14,216	13,337	9,571
Cash from Investing	-7,891	5,002	-371	3,203	-1,275	-12,611	-4,762	2,237	-7,375	1,079
Cash from Financing	-4,368	-12,918	-1,395	-12,233	-12,106	495	-6,804	-17,159	-5,404	-12,427
	-4,888	-1,445	8,444	38	-653	-4,876	-374	-706	558	-1,777

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.82	72.80	72.75	72.73	72.66	72.65	72.63	72.62	72.59
	7.12	7.27	7.81	8.35	8.16	8.45	8.22	8.32	8.85
	8.25	8.71	8.20	7.47	7.78	7.86	8.38	7.86	5.22
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	9.49	8.89	8.73	8.67	8.65	8.67	8.49	8.72	11.05

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Copy of Newspaper Publication

2026-09-09 - Wipro Limited has informed the Exchange about Newspaper Advertisement - Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

2026-09-09

Press Release

2026-09-09 - Wipro Limited has informed the Exchange regarding a press release dated September 09, 2026, titled "Wipro and CrowdStrike Launch CISO Command Center to Transform Enterprise Cybersecurity Operations".

2026-09-09

Updates

2026-09-09 - Wipro Limited has informed the Exchange regarding Allotment of 1,14,031 equity shares under the Restricted Stock Unit Plan 2007 and 1,50,112 (including ADSs and RSUs) equity shares under Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024 on September 9, 2026, pursuant to exercise of ESOPs.

2026-09-03

General Updates

2026-09-03 - Wipro Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

2026-09-01

Press Release

2026-09-01 - Wipro Limited has informed the Exchange regarding a press release dated September 01, 2026, titled "ABB Extends Engagement with Wipro to Deliver and Enhance Global Digital Workplace Services".

2026-08-27

Press Release

2026-08-27 - Wipro Limited has informed the Exchange regarding a press release dated August 27, 2026, titled "Wipro and Google Cloud Expand Partnership to Scale AI into Core Enterprise Operations".

2026-08-27

Updates

2026-08-27 - Wipro Limited has informed the Exchange regarding Allotment of 1,09,581 equity shares under the Restricted Stock Unit Plan 2007 and 24,240 equity shares under Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024 on August 27, 2026, pursuant to exercise of ESOPs.

2026-08-24

Updates

2026-08-24 - Wipro Limited has informed the Exchange regarding 'Grant of Restricted Stock Units'.

2026-08-14

Updates

2026-08-14 - Wipro Limited has informed the Exchange regarding Allotment of 57,552 equity shares under the Restricted Stock Unit Plan 2007 and 84,163 (including ADSs and RSUs) equity shares under Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024 on August 14, 2026, pursuant to exercise of ESOPs.

News

Recent coverage and analyst commentary for WIPRO

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Wipro Ltd.

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Free 5nance Account

Name

TCS

2202.00

16.00

796702.87

5.00

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1038.20

13.91

421325.69

4.62

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1207.00

18.80

327539.38

4.47

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

167.50

12.55

165902.38

6.57

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1539.50

29.38

150891.59

3.31

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4301.15

24.39

127581.28

1.74

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

11760.00

30.01

102409.76

3.40

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5537.45

45.42

87353.27

0.72

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1847.40

46.58

81835.77

0.86

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2294.10

22.92

43790.98

2.70

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3334.95

26.80

35379.24

1.74

357.10

12.97

2940.10

11.47

27.70

18.65

TATATECH

761.75

55.53

30931.00

1.54

180.75

6.15

1664.63

33.78

19.56

16.64

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

17,203

16,681

16,316

16,593

16,795

17,226

17,124

17,429

17,195

17,770

18,017

18,363

18,418

13,936

13,940

13,533

13,700

13,562

13,917

13,804

14,124

14,112

14,514

14,619

14,430

15,589

Operating Profit

3,267

2,740

2,783

2,893

3,234

3,310

3,320

3,305

3,084

3,256

3,398

3,933

2,830

OPM %

18.99%

16.43%

17.06%

17.43%

19.25%

19.21%

19.39%

18.96%

17.93%

18.32%

18.86%

21.42%

15.36%

736

684

593

1,032

686

1,066

794

1,402

2,042

892

1,028

786

867

Interest

205

206

203

206

216

246

286

254

246

283

275

292

320

Depreciation

377

371

370

374

380

373

360

388

362

351

356

349

359

Profit before Tax

3,421

2,848

2,804

3,345

3,324

3,756

3,467

4,065

4,518

3,515

3,795

4,078

3,697

Tax %

24.36%

27.63%

27.84%

26.85%

27.65%

26.93%

18.07%

28.10%

18.18%

25.62%

26.68%

25.53%

22.49%

Net Profit

2,588

2,061

2,023

2,447

2,405

2,745

2,841

2,923

3,696

2,614

2,782

3,037

2,866

4.72

3.94

1.94

2.34

2.30

2.63

2.71

2.80

3.53

2.50

2.66

2.90

2.74

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

46,048

44,710

48,124

50,407

50,299

59,574

67,753

66,792

68,575

71,345

72,568

36,770

35,791

39,363

40,476

38,554

47,267

56,097

55,241

55,639

58,297

59,152

Operating Profit

9,278

8,919

8,761

9,931

11,746

12,308

11,656

11,551

12,936

13,048

13,416

OPM %

20.15%

19.95%

18.21%

19.70%

23.35%

20.66%

17.20%

17.29%

18.86%

18.29%

18.49%

2,925

2,515

2,569

2,753

2,691

4,810

2,834

3,178

4,179

5,371

3,574

Interest

468

384

525

535

403

367

629

820

1,002

1,096

1,170

Depreciation

1,048

1,015

934

1,141

1,349

1,486

1,592

1,492

1,501

1,418

1,416

Profit before Tax

10,687

10,034

9,870

11,008

12,685

15,264

12,269

12,418

14,612

15,905

15,085

Tax %

23.63%

23.04%

22.86%

21.14%

20.69%

20.50%

25.20%

26.57%

25.32%

23.74%

25.09%

Net Profit

8,162

7,723

7,614

8,681

10,061

12,135

9,177

9,119

10,913

12,130

11,299

EPS

16.75

12.17

12.64

14.84

17.77

22.14

16.72

17.45

10.42

11.56

—

Dividend Payout %

5.96%

5.86%

7.92%

6.58%

5.45%

27.10%

5.98%

5.73%

57.57%

95.12%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

486

905

1,207

1,143

1,096

1,098

1,045

2,094

2,098

45,864

41,181

47,924

45,156

43,839

52,728

61,102

56,098

60,694

60,790

6,319

5,036

5,430

6,032

7,033

8,862

6,601

5,612

8,623

9,904

Trade Payables

3,819

4,176

4,766

4,543

4,124

4,685

5,300

5,839

6,782

6,010

6,434

6,921

7,281

8,000

9,597

12,957

11,140

13,028

14,688

18,330

Total Liabilities

62,922

58,219

66,607

64,873

65,689

80,330

85,241

81,624

92,882

97,132

4,362

4,367

4,401

6,639

7,288

8,038

8,825

7,860

9,023

8,918

Capital Work in Progress

694

1,291

2,113

1,874

1,848

1,584

604

670

178

412

35,146

30,683

30,249

26,698

25,702

40,631

49,085

50,824

61,397

63,686

356

294

340

174

8,515

8,080

9,662

Cash & Bank

3,517

2,322

10,390

10,444

9,783

4,898

4,527

3,791

4,434

2,678

18,847

19,263

19,114

19,044

20,977

25,091

22,109

9,891

9,708

11,729

Total Assets

62,922

58,219

66,607

64,873

65,689

80,330

85,241

81,624

92,882

97,132

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

9,728

9,087

12,589

9,659

15,004

9,330

13,372

14,216

13,337

9,571

Cash from Investing

-7,891

5,002

-371

3,203

-1,275

-12,611

-4,762

2,237

-7,375

1,079

Cash from Financing

-4,368

-12,918

-1,395

-12,233

-12,106

495

-6,804

-17,159

-5,404

-12,427

-4,888

-1,445

8,444

-653

-4,876

-374

-706

558

-1,777

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

72.82

72.80

72.75

72.73

72.66

72.65

72.63

72.62

72.59

7.12

7.27

7.81

8.35

8.16

8.45

8.22

8.32

8.85

8.25

8.71

8.20

7.47

7.78

7.86

8.38

7.86

5.22

Government

0.00

9.49

8.89

8.73

8.67

8.65

8.67

8.49

8.72

11.05

Wipro Ltd.

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Wipro Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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