Wipro Limited (IN:WIPRO)
:WIPRO
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Wipro Limited
(WIPRO)
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Rating:68Neutral
Price Target:
₹223.00
▼(-3.73% Downside)
Action:DowngradedDate:04/18/26
The score is supported primarily by solid financial quality (conservative leverage and strong free-cash-flow generation) and a high dividend yield. It is held back by mixed technicals (longer-term downtrend despite a short-term rebound) and a cautious near-term business outlook from management guidance and recent YoY revenue/order-booking pressure.
Positive Factors
Conservative Balance Sheet
Low, stable leverage (debt/equity ~0.22–0.27) and steady mid‑teens ROE provide durable financial flexibility. This conservatism supports capital deployment (buybacks, dividends, M&A) and reduces refinancing risk across cycles, sustaining operations and strategic investments over months.
Negative Factors
Year‑on‑Year Revenue Pressure
Sustained YoY revenue declines indicate demand softness or share loss in core services. Over the medium term this reduces operating leverage and puts pressure on achieving scale benefits. Without a reliable recovery in bookings, revenue stagnation can constrain margin expansion and reinvestment plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low, stable leverage (debt/equity ~0.22–0.27) and steady mid‑teens ROE provide durable financial flexibility. This conservatism supports capital deployment (buybacks, dividends, M&A) and reduces refinancing risk across cycles, sustaining operations and strategic investments over months.
Read all positive factors
Wipro Limited (WIPRO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.10T
Dividend Yield4.05%
Average Volume (3M)365.04K
Price to Earnings (P/E)14.9
Beta (1Y)0.90
Revenue Growth3.97%
EPS Growth0.34%
CountryIN
Employees234,000
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)3.30
Shares Outstanding10,488,515,000
10 Day Avg. Volume437,337
30 Day Avg. Volume365,039
Financial Highlights & Ratios
PEG Ratio46.77
Price to Book (P/B)2.22
Price to Sales (P/S)2.12
P/FCF Ratio12.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹203.50Price Target Upside-12.15% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)13.57
Revenue Forecast (FY)₹991.86B
Wipro Limited Business Overview & Revenue Model
Company Description
Wipro Limited operates as information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segme...
How the Company Makes Money
Wipro primarily makes money by delivering technology and business services to enterprises under commercial contracts that generate service revenue. Its core revenue streams are (1) time-and-materials and managed services engagements, where clients...
Wipro Limited Earnings Call Summary
Earnings Call Date:Apr 16, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Jul 16, 2026
Earnings Call Sentiment Neutral
The call highlighted several strategic positives — large strategic deals (including a >$1B APMEA engagement), the launch of an AI-native business and platform strategy, strong cash generation, a significant buyback and healthy sector/region pockets (technology & communications, APMEA, Europe). However, these positives were balanced by notable growth headwinds: YoY revenue declines, regional weakness in Americas 2 driven by BFSI client-specific issues and delayed ramp-ups, Q4 margin contraction, a cautious Q1 revenue guidance (-2% to 0%), and near-term margin pressure from wage hikes and integration costs. Overall, the positives and negatives appear balanced, with management signaling confidence in medium-term margin bands but acknowledging short-term volatility and the need for continued execution.Positive Updates
Q4 and Full Year Revenue & Growth
IT Services revenue in Q4 was $2.65 billion (0.2% sequential growth in constant currency; reported growth 0.6%); FY'26 IT Services revenue was $10.5 billion, a year-on-year decline of 1.6% in constant currency.
Negative Updates
Year-on-Year Revenue Pressure
Q4 revenue declined 0.2% year-on-year in constant currency (management also referenced a 2% YoY degrowth figure earlier); FY'26 IT Services revenue declined 1.6% YoY in constant currency, indicating ongoing top-line pressure.
Read all updates
Q4-2026 Updates
Positive
Negative
Q4 and Full Year Revenue & Growth
IT Services revenue in Q4 was $2.65 billion (0.2% sequential growth in constant currency; reported growth 0.6%); FY'26 IT Services revenue was $10.5 billion, a year-on-year decline of 1.6% in constant currency.
Read all positive updates
Company Guidance
Management guided Q1 IT Services revenue of $2.597–$2.651 billion, implying sequential growth of –2% to 0% in constant currency; at the midpoint they assumed the two recently announced strategic deals would begin contributing (assumed mid‑quarter, ~1.5 months of revenue at midpoint). They warned Q1 will face headwinds from two months of recently rolled‑out salary increases and possible volatility from large‑deal ramp timing, noted Q4 IT Services revenue was $2.65B with a Q4 operating margin of 17.3% (FY operating margin 17.2%), and said the goal is to maintain margins in a narrow band over the medium term.Wipro Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 926.24B | 890.88B | 897.60B | 904.88B | 790.93B |
| Gross Profit | 270.05B | 273.08B | 266.11B | 259.43B | 235.06B |
| EBITDA | 178.11B | 212.63B | 187.84B | 187.07B | 187.51B |
| Net Income | 131.97B | 131.35B | 110.45B | 113.50B | 122.19B |
Balance Sheet | |||||
| Total Assets | 1.42T | 1.29T | 1.15T | 1.18T | 1.08T |
| Cash, Cash Equivalents and Short-Term Investments | 543.24B | 533.45B | 408.12B | 401.11B | 345.49B |
| Total Debt | 202.91B | 192.03B | 164.65B | 174.67B | 175.93B |
| Total Liabilities | 531.38B | 456.07B | 401.24B | 394.07B | 420.51B |
| Stockholders Equity | 885.37B | 828.31B | 749.88B | 781.16B | 658.16B |
Cash Flow | |||||
| Free Cash Flow | 156.26B | 154.39B | 165.71B | 115.77B | 90.64B |
| Operating Cash Flow | 171.86B | 169.43B | 176.22B | 130.60B | 110.80B |
| Investing Cash Flow | -62.87B | -80.73B | 11.68B | -84.06B | -224.50B |
| Financing Cash Flow | -134.35B | -63.96B | -182.57B | -60.88B | 46.59B |
Wipro Limited Technical Analysis
Negative
231.65
Price Trends
205.93
Negative
230.91
Negative
239.84
Negative
Market Momentum
0.81
Negative
53.16
Neutral
78.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WIPRO, the sentiment is Negative. The current price of 231.65 is above the 20-day moving average (MA) of 196.79, above the 50-day MA of 205.93, and below the 200-day MA of 239.84, indicating a neutral trend. The MACD of 0.81 indicates Negative momentum. The RSI at 53.16 is Neutral, neither overbought nor oversold. The STOCH value of 78.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:WIPRO.
Wipro Limited Risk Analysis
Wipro Limited disclosed 60 risk factors in its most recent earnings report. Wipro Limited reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Wipro Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹3.26T | 20.22 | ― | 2.86% | 11.18% | -4.28% | |
69 Neutral | ₹756.99B | 42.35 | ― | 0.55% | 23.53% | 31.95% | |
68 Neutral | ₹2.10T | 14.90 | ― | 4.05% | 3.97% | 0.34% | |
67 Neutral | ₹1.28T | 23.70 | ― | 1.08% | 11.31% | 9.00% | |
65 Neutral | ₹1.43T | 25.50 | ― | 2.76% | 7.22% | 12.99% | |
63 Neutral | ₹404.06B | 55.81 | ― | 0.88% | 37.10% | 50.35% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
IN:WIPRO
Wipro Limited
200.70
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-15.26%
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Wipro Limited Corporate Events
Wipro Publishes Clean Audit Opinion on FY 2026 Standalone Results
Apr 16, 2026
Wipro Limited disclosed that its standalone financial results for the quarter and year ended March 31, 2026, have been audited by Deloitte Haskins Sells LLP, with the auditor issuing an opinion that the statements are true and fair and comply wit...
Wipro Publishes Q4 FY 2025-26 Earnings Press Conference Recording Online
Apr 16, 2026
Wipro Limited has notified stock exchanges that the audio and video recording of its earnings press conference for the quarter ended in fiscal year 2025-2026, held on April 16, 2026, is now available on the company’s website. The disclosure,...
Wipro to Acquire Select Alpha Net Customer Contracts in $70.8 Million Deal
Apr 15, 2026
Wipro Limited, through its subsidiaries, has signed a definitive agreement to acquire select customer contracts of Alpha Net Consulting LLC and its subsidiaries, an information technology services provider founded in 2001 and headquartered in Sant...
Wipro to Buy Olam IT Arm Mindsprint in $375 Million Deal Tied to $1 Billion Transformation Contract
Apr 6, 2026
Wipro has signed a definitive agreement, through its subsidiaries, to acquire 100% of Mindsprint Pte. Ltd., the IT services arm of Singapore-headquartered Olam Group, for a cash consideration of $375 million, subject to customary closing adjustmen...
Wipro clinches multi-year, billion-dollar transformation deal with Olam Group
Apr 6, 2026
Wipro Limited has secured one of its largest strategic transformation engagements, signing an eight-year deal with Singapore-headquartered food and agri-business major Olam Group expected to exceed US$1 billion in value, with a committed spend of ...
Wipro Sets Board Meet to Approve FY26 Results, Closes Trading Window
Apr 2, 2026
Wipro Limited has scheduled a meeting of its Board of Directors over April 15–16, 2026, to consider and approve its condensed audited standalone and consolidated financial results under Ind AS for the quarter and year ended March 31, 2026. T...
Wipro Allots 50,070 Equity Shares Following ESOP Exercise
Mar 5, 2026
Wipro Limited has allotted a total of 50,070 equity shares following the exercise of employee stock options under its ADS Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2007. The allotment, completed on March 5, 2026, marginally in...
Wipro Earthian Awards 2025 Spotlight Sustainability Innovation in Indian Education
Jan 31, 2026
Wipro Limited hosted the 15th edition of the Wipro earthian Awards 2025 at Azim Premji University in Bengaluru, recognizing schools and colleges across India for integrated sustainability education and long-term engagement with environmental pract...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.