Wipro (WIT) AI Stock Analysis

• Market Cap: $22.12B
• Dividend Yield: 2.78%
• Average Volume (3M): 15.74M
• Price to Earnings (P/E): 21.2
• Beta (1Y): 0.87
• Revenue Growth: -1.97%
• EPS Growth: 48.61%
• Country: US
• Employees: 234,000
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.04
• Shares Outstanding: 10,488,048,000
• 10 Day Avg. Volume: 23,032,664
• 30 Day Avg. Volume: 15,741,539
• PEG Ratio: 1.02
• Price to Book (P/B): 3.30
• Price to Sales (P/S): 3.04
• P/FCF Ratio: 17.73
• Enterprise Value/Market Cap: 95.38
• Enterprise Value/Revenue: 2.31
• Enterprise Value/Gross Profit: 7.82
• Enterprise Value/Ebitda: 10.07
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.14
• Revenue Forecast (FY): $10.17B

• Rating: 67 Neutral
• Price Target: $2.50 ▼(-7.06% Downside)
• Action: Reiterated Date: 03/12/26
• Date: Action: Reiterated 03/12/26

The score is driven primarily by strong fundamentals (profitability and a conservative balance sheet) and a supportive dividend yield. Offsetting these strengths are weak technical trend signals and cautious near-term growth visibility from guidance and noted demand/ramp-up headwinds.

Positive Factors

Conservative balance sheet

Low leverage and a sizable equity base give Wipro durable financial flexibility. This supports continued investment in strategic initiatives, cushions cyclical revenue swings, enables dividends/buybacks, and reduces refinancing risk—strengths that persist across 2–6 month horizons.

Strong cash generation & liquidity

High cash balances and robust operating cash conversion provide long-term optionality: fund M&A, absorb one-offs, sustain shareholder returns, and finance investments in AI and platforms without stressing the balance sheet, preserving strategic execution through near-term cycles.

Investment in AI, platforms and engineering capabilities

Acquiring HARMAN DTS and rolling out Wipro Intelligence platforms embeds engineering and AI capabilities into core service offerings. This structurally enhances differentiation in digital transformation and product engineering, supporting longer-term deal competitiveness and higher-value engagements.

Negative Factors

Weak year-on-year revenue

Sustained YoY revenue declines signal durable demand headwinds or lost momentum in core services. Even with profitability intact, prolonged top-line softness can pressure growth expectations, constrain reinvestment, and magnify dependence on cost levers to sustain margins over coming quarters.

Moderate near-term growth visibility

Conservative guidance and noted ramp-up delays highlight timing and execution risk in converting pipeline to revenue. Structural client project timing and lumpiness can keep revenue growth uneven, complicating multi-quarter planning and predictability for resource investments and hiring.

Acquisition-related dilution & higher amortization

M&A can boost capabilities but brings integration costs, dilution and elevated amortization/ D&A. Persisting acquisition-related charges reduce reported earnings and can transiently compress free-cash-flow margins, making near-term profitability and cash conversion less reflective of core operations.

Wipro 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 segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises. It serves customers in various industry sectors, such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy, and utilities. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the India market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and departments owned or controlled by the Government of India and/or various Indian State Governments. The company was incorporated in 1945 and is based in Bengaluru, India.

How the Company Makes Money

Wipro primarily makes money by providing IT services and consulting to business and government customers under service contracts. Its core revenue model is fee-for-service and managed-services engagements, where customers pay for professional services (e.g., consulting, design, implementation, and systems integration) and ongoing operations (e.g., application maintenance, infrastructure and cloud operations, cybersecurity monitoring, and IT helpdesk). Revenue is typically earned through a mix of time-and-materials billing (charging based on effort and rates), fixed-price projects (delivering defined scopes for agreed fees), and recurring managed-services arrangements (multi-year contracts with periodic billing tied to service levels, consumption, or committed capacity). Wipro also earns from business process services where it runs specific operational processes for clients, and from engineering and technology services that support product development, platform modernization, and digital engineering. In addition, Wipro generates revenue through implementation and integration work around major enterprise software and cloud ecosystems, where it advises, migrates, and operates customer environments; partner ecosystems can influence demand and deal flow, but specific partnership terms or revenue shares are not publicly detailed here (null).

Wipro Financial Statement Overview

Summary

Overall financials are strong: solid profitability (TTM operating margin ~20%, net margin ~15%) and a conservative balance sheet with low-to-moderate leverage and healthy ROE in the mid-teens. Offsets are mixed/flat recent revenue growth and softer recent free-cash-flow momentum and conversion versus prior periods.

Income Statement

Wipro shows solid profitability in TTM (Trailing-Twelve-Months), with healthy operating performance (about 20% operating margin) and a strong net margin (~15%). Profitability has improved versus FY2024, but top-line momentum is mixed: revenue growth is essentially flat in FY2025 and slightly negative in FY2024, with the TTM growth figure appearing unusually high versus the recent annual pattern. Overall, this is a profitable model with stable margins, but with a key watchpoint on sustained, consistent revenue growth.

Balance Sheet

The balance sheet looks conservative for an IT services business, with low-to-moderate leverage (debt-to-equity roughly 0.22–0.26 across recent periods) and a sizable equity base that has grown over time. Returns on equity remain healthy in the mid-teens in TTM (Trailing-Twelve-Months) and FY2025, though they are below the peak levels seen earlier (closer to ~19% in FY2021–FY2022). Overall strength is high, with limited balance-sheet risk and good capital efficiency.

Cash Flow

Cash generation remains solid, with free cash flow tracking close to earnings (TTM (Trailing-Twelve-Months) free cash flow is ~89% of net income), which supports earnings quality. However, cash flow conversion looks weaker versus prior years based on the provided coverage ratio, and free cash flow growth has turned negative in TTM (Trailing-Twelve-Months) and slightly negative in FY2025 after stronger growth in FY2023–FY2024. Bottom line: good underlying cash production, but recent momentum and cash conversion have softened.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	911.47B	901.34B	903.55B	924.69B	804.46B	611.74B
Gross Profit	269.82B	276.29B	267.87B	265.11B	239.08B	193.79B
EBITDA	209.44B	220.45B	193.64B	193.52B	190.66B	166.32B
Net Income	132.95B	132.90B	111.18B	115.99B	124.28B	106.61B
Balance Sheet
Total Assets	1.41T	1.29T	1.15T	1.18T	1.08T	831.43B
Cash, Cash Equivalents and Short-Term Investments	573.65B	532.37B	410.01B	401.87B	351.28B	346.12B
Total Debt	197.94B	192.03B	164.65B	174.67B	175.93B	104.51B
Total Liabilities	512.63B	456.07B	401.24B	394.07B	420.51B	276.84B
Stockholders Equity	894.13B	828.31B	749.88B	781.16B	658.16B	553.10B
Cash Flow
Free Cash Flow	137.39B	154.39B	165.71B	115.77B	90.64B	127.97B
Operating Cash Flow	155.05B	169.43B	176.22B	130.60B	110.80B	147.55B
Investing Cash Flow	-22.54B	-80.73B	11.68B	-84.06B	-224.50B	7.74B
Financing Cash Flow	-144.97B	-63.96B	-182.57B	-60.88B	46.59B	-128.84B

Wipro Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.69
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WIT, the sentiment is Negative. The current price of 2.69 is above the 20-day moving average (MA) of 2.26, above the 50-day MA of 2.48, and above the 200-day MA of 2.66, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 42.62 is Neutral, neither overbought nor oversold. The STOCH value of 29.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WIT.

Wipro Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INFY	80 Outperform	$54.89B	24.55	29.68%	2.58%	4.62%	1.06%
JKHY	77 Outperform	$12.08B	26.50	23.75%	1.25%	7.75%	20.42%
EXLS	74 Outperform	$4.67B	27.23	25.50%	―	14.43%	29.86%
ACN	73 Outperform	$122.64B	18.02	24.98%	2.25%	6.58%	1.19%
CTSH	68 Neutral	$29.20B	17.90	14.84%	1.46%	7.44%	-4.57%
WIT	67 Neutral	$22.12B	21.25	15.49%	2.78%	-1.97%	48.61%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Wipro Corporate Events

Wipro Adds Tech and AI Transformation Expert Laura Marie Miller to Board as Independent Director

On March 5, 2026, Wipro’s board approved the appointment of Laura Marie Miller as an independent director for a five-year term starting April 1, 2026 and ending March 31, 2031, subject to shareholder approval. The company notified Indian stock exchanges and the NYSE, confirming she is not debarred by regulators and has no relationships with existing board members.

Miller brings more than two decades of executive leadership experience in technology-led transformation across retail, hospitality, payments and global tech operations, including serving as EVP and Chief Information and Data Officer at Macy’s and holding public-company board roles at NCR Voyix and Ahold Delhaize. Her appointment strengthens Wipro’s board with deep expertise in digital, data and AI strategy, signaling a continued focus on technology-driven modernization and governance that could influence the company’s strategic direction and risk oversight.

The most recent analyst rating on (WIT) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Wipro stock, see the WIT Stock Forecast page.

Wipro Posts Margin Expansion and Strong Cash Flows in Q3 FY26 as AI-Led Deals Offset Softer Bookings

On January 16, 2026, Wipro announced its financial results for the quarter ended December 31, 2025, reporting gross revenue of ₹235.6 billion, up 3.8% quarter-on-quarter and 5.5% year-on-year, while IT services segment revenue grew 1.2% sequentially and 0.2% year-on-year to $2.64 billion. IT services operating margin improved to 17.6%, its best in recent years, even as reported net income declined 3.9% sequentially and 7.0% year-on-year to ₹31.2 billion and earnings per share fell similarly; adjusted for labour code changes, however, net income and EPS showed modest growth. Total deal bookings for the quarter were $3.3 billion with large deal bookings of $0.9 billion, both lower year-on-year in constant currency, but operating cash flow remained strong at 135.4% of net income, supporting an interim dividend of ₹6 per share. Wipro also highlighted a series of renewed and expanded multi-year strategic deals across technology, health insurance, manufacturing, and facilities management, underscoring growing client adoption of its Wipro Intelligence AI platforms and AI-led delivery models, which management positioned as key differentiators in an environment of moderated booking growth but improving profitability and cash generation.

The most recent analyst rating on (WIT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Wipro stock, see the WIT Stock Forecast page.

Wipro Reshapes Stakeholders Relationship Committee, Inducts Independent Director Päivi Rekonen

On January 16, 2026, Wipro’s board approved a reconstitution of its Administrative and Shareholders/Investors Grievance Committee, which also functions as the Stakeholders Relationship Committee, signaling a governance-focused adjustment to its board structures. Effective April 1, 2026, independent director Päivi Rekonen will join the committee as a member, replacing independent director Dr. Patrick J. Ennis, with the post‑reconstitution line‑up comprising chairman Deepak M. Satwalekar, member Rishad A. Premji and Rekonen. The move, formally communicated to stock exchanges in India and the NYSE and recorded in a Form 6‑K filed on January 21, 2026, underscores Wipro’s ongoing refresh of board committee composition to oversee shareholder and investor grievance matters, a domain closely watched by regulators and minority shareholders.

The most recent analyst rating on (WIT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Wipro stock, see the WIT Stock Forecast page.

Wipro Board Clears Q3 FY26 Results, Declares ₹6 Interim Dividend

At a board meeting held over January 15–16, 2026, Wipro Limited’s directors approved the audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, which have been prepared under Ind AS and IFRS and cleared by the company’s independent auditors. The board also declared an interim dividend of ₹6 per equity share of face value ₹2, payable to shareholders on record as of January 27, 2026, with payment to be made on or before February 14, 2026, underscoring Wipro’s continued capital return to investors and providing income visibility for its global shareholder base.

The most recent analyst rating on (WIT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Wipro stock, see the WIT Stock Forecast page.