Wipro Limited (WIT)
NYSE:WIT
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Wipro
(NYSE:WIT)
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Rating:67Neutral
Price Target:
$2.00
▼(-25.65% Downside)
Action:ReiteratedDate: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
High Profitability & Margins
Sustained operating margins near 20% and net margins around 15% indicate durable operating leverage in Wipro's services model. Healthy margins support reinvestment in platforms, fund shareholder returns, and provide a buffer against cyclical revenue swings, underpinning long-term earnings quality.
Negative Factors
Weak Revenue Growth
Persistent flat-to-declining organic revenue challenges the scalability of Wipro's model; without sustained top-line growth, margin gains and cash returns may be harder to maintain. Converting pipeline and ramping large deals is needed to restore multi-period growth and justify reinvestment levels.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability & Margins
Sustained operating margins near 20% and net margins around 15% indicate durable operating leverage in Wipro's services model. Healthy margins support reinvestment in platforms, fund shareholder returns, and provide a buffer against cyclical revenue swings, underpinning long-term earnings quality.
Read all positive factors
Wipro (WIT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.23B
Dividend Yield2.78%
Average Volume (3M)15.43M
Price to Earnings (P/E)21.2
Beta (1Y)0.94
Revenue Growth-1.97%
EPS Growth48.61%
CountryUS
Employees234,000
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.04
Shares Outstanding10,488,412,000
10 Day Avg. Volume10,357,754
30 Day Avg. Volume15,428,474
Financial Highlights & Ratios
PEG Ratio1.02
Price to Book (P/B)3.30
Price to Sales (P/S)3.04
P/FCF Ratio17.73
Enterprise Value/Market Cap97.72
Enterprise Value/Revenue2.38
Enterprise Value/Gross Profit8.05
Enterprise Value/Ebitda10.37
Forecast
1Y Price Target
$2.20Price Target Upside-18.22% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.15
Revenue Forecast (FY)$10.81B
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 segme...
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 serv...
Wipro Earnings Call Summary
Earnings Call Date:Jan 16, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Apr 16, 2026
Earnings Call Sentiment Neutral
The call showed a mix of encouraging operational and financial developments (margin expansion, strong cash balance, strategic acquisition, AI-focused productization and notable deal wins) alongside persistent demand and timing challenges (organic revenue softness YoY, sector-specific declines in EMR and Consumer, delayed ramp-ups and one-off charges). Management expressed cautious optimism — focusing on converting a healthy pipeline and investing in AI and engineering capabilities while acknowledging near-term headwinds that keep growth visibility moderate.Positive Updates
Sequential Revenue Growth and Scale
IT Services revenue of $2.64 billion grew 1.4% sequentially on a constant currency (CC) basis (1.2% reported sequentially). Excluding HARMAN DTS, revenue grew 0.6% CC sequentially.
Negative Updates
Weak Year-on-Year Constant Currency Revenue
Revenue was down 1.2% year-on-year on a constant currency basis (reported revenue up 0.2% YoY). Management highlighted subdued organic growth and modest near-term revenue visibility.
Read all updates
Q3-2026 Updates
Positive
Negative
Sequential Revenue Growth and Scale
IT Services revenue of $2.64 billion grew 1.4% sequentially on a constant currency (CC) basis (1.2% reported sequentially). Excluding HARMAN DTS, revenue grew 0.6% CC sequentially.
Read all positive updates
Company Guidance
Wipro guided Q4 IT Services revenue of $2.635–$2.688 billion, implying sequential constant‑currency growth of 0%–2% (guidance explicitly includes two months of revenue from the HARMAN DTS acquisition) and cautioned the quarter is affected by fewer working days and delayed ramp‑ups on some large deals; management said it will absorb incremental dilution from HARMAN while endeavoring to keep operating margins in the same band as recent quarters (around 17%–17.5%) even as it balances investments and potential wage actions. They also flagged the completed restructuring and one‑offs this quarter, announced an interim dividend of INR 6 per share, and noted gross cash and investments of about $6.5 billion.Wipro Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
80
Positive
Cash Flow
67
Positive
| 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
Neutral
2.69
Price Trends
2.30
Negative
2.52
Negative
2.62
Negative
Market Momentum
-0.05
Negative
48.46
Neutral
68.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WIT, the sentiment is Neutral. The current price of 2.69 is above the 20-day moving average (MA) of 2.20, above the 50-day MA of 2.30, and above the 200-day MA of 2.62, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 48.46 is Neutral, neither overbought nor oversold. The STOCH value of 68.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for WIT.
Wipro Risk Analysis
Wipro disclosed 60 risk factors in its most recent earnings report. Wipro 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 Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $122.14B | 17.31 | 24.82% | 2.25% | 6.58% | 1.19% | |
74 Outperform | $11.41B | 26.50 | 23.75% | 1.25% | 7.75% | 20.42% | |
73 Outperform | $56.99B | 24.55 | 29.68% | 2.58% | 4.62% | 1.06% | |
72 Outperform | $4.83B | 27.23 | 25.50% | ― | 14.43% | 29.86% | |
68 Neutral | $29.91B | 17.90 | 14.84% | 1.46% | 7.44% | -4.57% | |
67 Neutral | $22.23B | 21.25 | 15.49% | 2.78% | -1.97% | 48.61% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
WIT
Wipro
2.19
-0.48
-17.95%
ACN
Accenture
198.95
-76.25
-27.71%
CTSH
Cognizant
62.35
-2.95
-4.52%
EXLS
Exlservice Holdings
30.87
-10.98
-26.24%
INFY
Infosys
13.70
-2.32
-14.47%
JKHY
Jack Henry & Associates
158.10
-3.21
-1.99%
Wipro Corporate Events
Wipro Adds Tech and AI Transformation Expert Laura Marie Miller to Board as Independent Director
Mar 9, 2026
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 sto...
Wipro Posts Margin Expansion and Strong Cash Flows in Q3 FY26 as AI-Led Deals Offset Softer Bookings
Jan 21, 2026
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% sequ...
Wipro Reshapes Stakeholders Relationship Committee, Inducts Independent Director Päivi Rekonen
Jan 21, 2026
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 ...
Wipro Board Clears Q3 FY26 Results, Declares ₹6 Interim Dividend
Jan 21, 2026
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 ...
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.