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 6.57%.
- 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
anthropic claude-opus-4.6 2d agoWipro Ltd trades at a market cap of ₹1,64,993 Cr with a PE of 12.4x — below historical IT sector averages — and offers a dividend yield of approximately 6.59%. Revenue growth has been sluggish at 1% CAGR over three years, while the stock has declined 35% over the past one year, reflecting investor concerns around near-term earnings momentum.
- Attractive dividend yield of 6.59% with a healthy payout ratio of 46.7%, providing meaningful income to shareholders
- PE ratio of 12.4x is well below the Indian IT sector average of ~25-30x, suggesting the stock is priced for subdued expectations
- Price-to-book of 1.87x is relatively modest for an IT services company with minimal capital intensity
- Consistent ROE track record averaging 16% over five years and 17% over ten years, indicating stable capital efficiency
- TTM revenue growth of 6% shows a recovery trend compared to the 1% three-year CAGR, suggesting a potential inflection in top-line momentum
- Compounded profit growth of 5% over three years demonstrates the company has maintained profitability despite a weak demand environment
- Ten-year stock CAGR of 6% and ten-year sales CAGR of 6% show the business has delivered steady long-term compounding despite recent weakness
- Stock has declined 35% over the past one year, significantly underperforming broader market indices
- Three-year sales CAGR of just 1% indicates near-stagnant revenue growth through the recent IT spending cycle
- TTM profit growth is negative at -2%, showing margin or demand pressures are impacting the bottom line
- Five-year stock CAGR of -13% reflects sustained long-term value erosion for investors
- Five-year sales growth of only 8% (roughly 1.5% annualized) lags peers in the Indian IT sector
- ROE has dipped to 15% in the last year from a 16-17% historical average, suggesting a mild decline in return efficiency
- Compounded profit CAGR of just 4% over five and ten years shows limited earnings scale-up despite industry tailwinds over the past decade
- Three-year stock CAGR of -8% indicates the market has been de-rating the stock well before the recent sharp decline
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago- Leader ESG rating of 74 Sep 3
Wipro received a voluntary ESG rating of 74 from NSE Sustainability Ratings & Analytics, placing it in the Leader category based on public data.
- Dermatouch 60% stake acquisition Aug 19
Wipro Consumer Care acquired a 60% stake in Dermatouch at ₹387.5 crore enterprise value, with plans to acquire the remaining 40% over three years, entering India's premium skincare market.
- Google Cloud Gemini AI expansion Aug 27
Wipro expanded its Google Cloud partnership with a LIFT framework for agentic AI, planning to upskill 10,000 AI-certified experts including 1,500 Forward Deployed Engineers.
- CISO Command Center with CrowdStrike Sep 9
Wipro launched a CISO Command Center on Sep 9 integrating Wipro Intelligence with CrowdStrike Falcon, focused on AI-driven risk management and shifting enterprises to risk-led security models.
- ABB digital workplace contract renewed Sep 2
Wipro renewed its long-standing digital workplace services contract with ABB featuring AI-enabled capabilities and GenAI self-service, though financial terms were not disclosed.
TL;DR: Wipro is leaning heavily into AI partnerships and platforms across cybersecurity, enterprise workflows, and workplace services, signaling strategic commitment to the AI transition. The strong ESG rating and Dermatouch acquisition add diversity across sustainability credentials and consumer care. No material headwinds emerged in this period, though undisclosed deal terms on renewals limit visibility into revenue impact. The trend is steady with an AI-forward posture that should strengthen competitiveness if execution keeps pace.
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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66 extracted metrics + investor summaries across FY15–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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