Wipro Limited (WIT)
NYSE:WIT
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Wipro
(NYSE:WIT)
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Rating:66Neutral
Price Target:
$2.50
▼(-7.06% Downside)
Action:ReiteratedDate:04/19/26
The score is driven primarily by solid financial strength (low leverage and strong free cash flow). It is tempered by cautious near-term revenue guidance and mixed earnings-call signals, plus weak technical trend positioning versus longer-term moving averages; valuation is supported by a high dividend yield but not clearly cheap on P/E.
Positive Factors
Conservative Balance Sheet
Low leverage and nearly $5.9bn of cash and investments provide durable financial flexibility. This reduces refinancing risk, supports multi-year investments, large buybacks, and M&A without stressing liquidity, preserving capacity through economic cycles and strategic shifts.
Negative Factors
Revenue Softness
An annual revenue decline highlights demand softness and execution lag. If subdued demand or delayed ramps persist, revenue trajectory may remain constrained for several quarters, limiting operating leverage from investments and pressuring medium-term growth expectations.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and nearly $5.9bn of cash and investments provide durable financial flexibility. This reduces refinancing risk, supports multi-year investments, large buybacks, and M&A without stressing liquidity, preserving capacity through economic cycles and strategic shifts.
Read all positive factors
Wipro (WIT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.68B
Dividend Yield2.78%
Average Volume (3M)14.13M
Price to Earnings (P/E)15.7
Beta (1Y)0.88
Revenue Growth-0.55%
EPS Growth-3.97%
CountryUS
Employees234,000
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.04
Shares Outstanding10,488,515,000
10 Day Avg. Volume11,516,416
30 Day Avg. Volume14,133,243
Financial Highlights & Ratios
PEG Ratio49.37
Price to Book (P/B)2.41
Price to Sales (P/S)2.24
P/FCF Ratio15.52
Enterprise Value/Market Cap97.40
Enterprise Value/Revenue2.39
Enterprise Value/Gross Profit8.18
Enterprise Value/Ebitda12.36
Forecast
1Y Price Target
$2.11Price Target Upside-21.56% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)0.15
Revenue Forecast (FY)$10.70B
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:Apr 16, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Jul 16, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: solid cash generation, strategic AI and platform investments, large deal wins (including a >$1B APMEA engagement), a strong buyback and sector-level strength in Technology & Communications are positives. Offsetting these are year-on-year revenue declines, a meaningful slowdown in Americas 2/BFSI driven by delayed ramp-ups and client-specific issues, weaker YoY order bookings, and near-term margin headwinds from wage increases, deal ramp characteristics and integration/investment costs. Management reiterated a cautious near-term revenue outlook (Q1 guidance -2% to 0% CC) but emphasized medium-term margin discipline and continued strategic investment in AI and platforms.Positive Updates
Q4 Revenue and Sequential Growth
IT Services revenue for Q4 was $2.65 billion, with sequential growth of +0.2% (constant currency) and reported growth of +0.6%.
Negative Updates
Year-on-Year Revenue Decline
FY '26 IT Services revenue declined -1.6% year-on-year (constant currency). Q4 revenue was down year-on-year (CFO cited -0.2% CC) and management acknowledged YoY pressure.
Read all updates
Q4-2026 Updates
Positive
Negative
Q4 Revenue and Sequential Growth
IT Services revenue for Q4 was $2.65 billion, with sequential growth of +0.2% (constant currency) and reported growth of +0.6%.
Read all positive updates
Company Guidance
Wipro guided IT Services revenue for Q1 to $2.597–$2.651 billion, which implies sequential constant‑currency growth of −2% to 0%; management said the midpoint of the range assumes the two recently announced strategic deals begin contributing roughly 1.5 months of revenue (i.e., start mid‑quarter) and that HARMAN/DTS is already in the run‑rate, while calling out headwinds from two months of recently implemented salary increases and early‑stage, competitively priced ramp‑ups that could cause quarter‑to‑quarter volatility. Management reiterated an objective to keep operating margins in a narrow band (Q4 margin was 17.3%; FY26 margin 17.2%, +15 bps YoY) even as it accelerates investments in AI‑native platforms and absorbs deal start‑up effects.Wipro Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
80
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 | 1.28T | 1.15T | 1.18T | 1.08T |
| Cash, Cash Equivalents and Short-Term Investments | 543.24B | 533.45B | 408.12B | 401.87B | 351.28B |
| 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 | 859.40B | 828.31B | 749.88B | 781.16B | 658.16B |
Cash Flow | |||||
| Free Cash Flow | 133.71B | 154.39B | 165.71B | 115.77B | 90.64B |
| Operating Cash Flow | 149.32B | 169.43B | 176.22B | 130.60B | 110.80B |
| Investing Cash Flow | -33.42B | -80.73B | 11.68B | -84.06B | -224.50B |
| Financing Cash Flow | -141.26B | -63.96B | -182.57B | -60.88B | 46.59B |
Wipro Technical Analysis
Negative
2.69
Price Trends
2.24
Negative
2.49
Negative
2.59
Negative
Market Momentum
-0.01
Negative
48.16
Neutral
52.38
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 2.17, above the 50-day MA of 2.24, and above the 200-day MA of 2.59, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 48.16 is Neutral, neither overbought nor oversold. The STOCH value of 52.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | $108.65B | 17.31 | 24.82% | 2.25% | 7.27% | 0.49% | |
74 Outperform | $10.90B | 26.50 | 23.75% | 1.25% | 8.41% | 25.60% | |
73 Outperform | $50.09B | 14.68 | 31.77% | 2.58% | 4.85% | 6.19% | |
72 Outperform | $4.75B | 17.71 | 25.50% | ― | 13.56% | 27.82% | |
68 Neutral | $26.13B | 17.90 | 14.84% | 1.46% | 6.95% | 1.11% | |
66 Neutral | $22.68B | 15.72 | 15.27% | 2.78% | -0.55% | -3.97% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
WIT
Wipro
2.03
-0.73
-26.34%
ACN
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177.75
-113.13
-38.89%
CTSH
Cognizant
55.12
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-23.45%
EXLS
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30.64
-14.34
-31.88%
INFY
Infosys
12.25
-4.89
-28.53%
JKHY
Jack Henry & Associates
152.80
-18.34
-10.72%
Wipro Corporate Events
Wipro Posts FY 2026 Results and Unveils ₹150 Billion Share Buyback
Apr 17, 2026
On April 16, 2026, Wipro reported its results for the quarter and year ended March 31, 2026, showing modest top-line growth and stable profitability while underscoring its pivot to AI-centric services. Quarterly gross revenue rose 2.9% sequentiall...
Wipro to Acquire Olam’s Mindsprint in $375 Million Deal Tied to $1 Billion Olam Contract
Apr 8, 2026
On April 5, 2026, Wipro, through its subsidiaries, signed a definitive agreement to acquire 100% of Mindsprint Pte. Ltd., the IT services arm of Olam Group, for $375 million in cash, subject to customary closing adjustments. Mindsprint, founded in...
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.