Wipro Ltd.

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wipro.comBSE: 507685NSE: WIPRO

Market Cap₹ 1,65,902 Cr.

Current Price

High / Low₹ 273 / 166

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	2209.00	16.05	799235.53	4.98	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1035.00	13.87	420027.06	4.64	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1226.55	19.10	332844.59	4.40	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	1502.25	28.67	147240.59	3.39	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4403.10	24.97	130605.33	1.70	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	11623.00	29.66	101216.72	3.44	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5390.00	44.21	85027.25	0.74	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1846.90	46.57	81813.62	0.86	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2311.65	23.10	44125.99	2.68	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3360.55	27.01	35647.89	1.73	357.10	12.97	2940.10	11.47	27.70	18.65
12.	TATATECH	787.85	57.43	31990.79	1.49	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:: -9%
1 Year:: -35%

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.

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