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Wipro Limited

WIT Technology Information Technology Services

Wipro Limited’s revenue for fiscal 2026 (year ended March 2026) was $9.9 billion, down 5.34% from fiscal 2025.

Revenue
+1.02%
EPS
0.00%
Free cash flow
+50.6%
Total debt
+33.4%

Quarter to September 2026, against a year earlier

2.17 0.01 +0.46%
Market cap
$21.4B
P/E
18.2×
Fwd P/E
—
Dividend yield
3.99%
F-score
4/9
Altman Z
4.44
Beneish M
−1.85
Dividend safety
45/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.05
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 3 — — — — — —
Insider Ownership 0.08%

Capital & Financial Ratios $m

Size
Market Cap 21,370.00
Revenue ttm 9,901.00
Net income ttm 1,355.00
Free cash flow ttm 1,468.00
Net debt Q (2,625.00)
Valuation
P/E 18.19
Forward P/E —
Price / sales 2.17
Forward P/S Powerpack
Price / FCF 14.63
Price / book 2.58
Financial health
Current ratio Q 1.70 (at or above 1.5: strong)
Debt / equity Q 0.23 (at or below 0.5: strong)
Interest coverage Q 7.44
Growth
Revenue growth Q +1.02% (above 0%: growing)
Operating income growth Q −0.70% (below 0%: shrinking)
EPS, this year +1.27%
EPS, next year A +3.58%
Revenue, next year A —
EPS, past 5 yrs 0.00%
EPS, next 5 yrs A +4.05%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.9×, against a ten-year median of 2.6×; over the ten years it ranged from 1.4× in 2026 to 5.4× in 2021.
P/E against its own 10 years 26.62%
10-year low 10-year high
P/S against its own 10 years 5.90%
10-year low 10-year high
P/B against its own 10 years 9.97%
10-year low 10-year high
EV/Sales against its own 10 years 8.21%
10-year low 10-year high
EV/FCF against its own 10 years 12.25%
10-year low 10-year high

Dividends

Yield
3.99%
Annual rate
0.09
Payout ratio
72.7%
Growth, 2018–26
+40.2%/yr
  1. 0.01 ’18
  2. 0.01 ’19 −9
  3. 0.01 ’20 +32
  4. 0.01 ’21 −1
  5. 0.01 ’22 −3
  6. 0.01 ’23 −9
  7. 0.01 ’24 −2
  8. 0.13 ’25 +1998
  9. 0.09 ’26 −31
paid change on the year, %

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 4,897 6,245 5,790 4,556
Receivables 1,387 1,378 2,267 2,174
Inventory 11 8 6 9
Other 1,513 1,474 744 860
7,808 9,105 8,807 7,599
2024 2025 2026 Q'26
Payables 1,062 1,033 1,012 1,036
ST’ Debt 950 1,146 1,768 1,931
Other 646 674 895 739
3,030 3,351 4,296 4,468

Compound Annual Growth %

10y 5y 3y
Sales 2.47% 3.11% (3.58%)
Cash Flow 2.94% (4.64%) 0.04%
Earnings 0.47% (0.95%) 0.62%
Book Value 2.96% 4.53% (0.17%)

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 0.04 Actual 0.03

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 0.04 0.03 Miss by 0.01
Mar 2026 0.04 0.04 Met by 0.00
Jun 2026 0.03 0.03 Met by 0.00
Sep 2026 0.04 0.03 Miss by 0.01
Dec 2026 0.04 — Reports 15 January 2027

EPS $

Jun Sep Dec Mar Year
’26 0.03 0.03 — — —
’26 0.04 0.03 0.03 0.03 0.13
’25 0.04 0.04 0.04 0.04 0.14
’24 0.03 0.03 0.03 0.04 0.13
’23 0.03 0.03 0.04 0.04 0.13
’22 0.04 0.04 0.04 0.04 0.15
’21 0.03 0.03 0.04 0.04 0.13
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 2,586 2,583 — — —
’26 2,582 2,557 2,622 2,110 9,871
’25 2,636 2,663 2,609 2,520 10,428
’24 2,782 2,710 2,669 2,609 10,770
’23 2,724 2,770 2,808 2,709 11,011
’22 2,456 2,652 2,731 2,586 10,425
’21 1,974 2,055 2,146 2,294 8,469
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 348 549 — — —
’26 480 365 464 282 1,591
’25 479 508 556 440 1,983
’24 456 460 576 622 2,114
’23 23 590 516 460 1,589
’22 454 321 400 285 1,460
’21 553 617 614 234 2,018
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 313 506 — — —
’26 448 336 413 236 1,433
’25 448 496 525 362 1,831
’24 442 475 547 572 2,036
’23 — — — 425 1,416
’23 (37) 545 483 — 1,645
’22 — — — 235 1,204
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 8,487 8,368 8,471 8,094 8,469 10,425 11,011 10,770 10,428 9,871 9,901 +1.7% — — — —
Gross margin, % 28.86 29.23 29.50 28.54 31.68 29.72 28.68 29.65 30.66 29.16 28.85 +0.3 pt
EBT 1,702 1,574 1,667 1,624 1,901 1,994 1,797 1,766 2,048 1,848 1,765 +0.9%
EBT margin, % 20.05 18.81 19.68 20.06 22.45 19.13 16.32 16.40 19.64 18.72 17.83 (1.3) pt
Net income 1,313 1,230 1,302 1,295 1,486 1,612 1,383 1,333 1,547 1,414 1,355 +0.8%
Per share, $
Per share, $ Revenue 0.66 0.66 0.71 0.69 0.75 0.95 1.01 1.02 1.00 0.94 1.00 +4.1%
Earnings 0.10 0.10 0.11 0.11 0.13 0.15 0.13 0.13 0.15 0.13 0.12 +2.8%
Cash flow 0.11 0.10 0.14 0.11 0.18 0.13 0.15 0.20 0.19 0.15 0.17 +3.6%
Capex (0.02) (0.03) (0.03) (0.03) (0.02) (0.02) (0.02) (0.01) (0.01) (0.02) (0.02) (4.8%)
Free cash flow 0.09 0.08 0.11 0.09 0.16 0.11 0.13 0.19 0.18 0.14 0.15 +5.1%
Book value 0.62 0.59 0.69 0.64 0.67 0.79 0.87 0.85 0.93 0.90 0.84 +4.2%
Shares, m 12,952 12,666 12,015 11,667 11,299 10,933 10,955 10,577 10,457 10,476 10,328 (2.3%)
Valuation, ×
Valuation, × P/E 19.67 19.98 18.66 13.48 24.38 26.62 17.31 22.64 20.40 16.40 18.19 20.0
P/S 2.93 2.95 2.88 2.23 4.23 4.05 2.24 2.78 3.07 2.25 2.17 3.0
P/B 3.09 3.31 2.96 2.44 4.72 4.86 2.59 3.32 3.29 2.35 2.58 3.3
EV/Sales 2.56 2.67 2.40 1.81 3.81 3.80 1.96 2.48 2.65 1.84 1.91 2.6
EV/FCF 19.26 22.88 14.75 14.09 18.31 32.93 15.25 13.13 15.10 12.71 12.86 17.8
Cash, $m
Cash, $m Operating cash flow 1,432 1,293 1,680 1,337 2,018 1,460 1,589 2,114 1,983 1,591 1,643 +1.2%
Capex (303) (318) (301) (295) (258) (256) (173) (78) (152) (158) (175) (7.0%)
Free cash flow 1,129 975 1,379 1,042 1,760 1,204 1,416 2,036 1,831 1,433 1,468 +2.7%
Balance, $m
Balance, $m Working capital 4,768 4,493 5,169 4,027 4,008 4,119 4,784 4,778 5,754 4,511 3,131 (0.6%)
Net debt (3,120) (2,393) (4,045) (3,397) (3,584) (2,555) (3,054) (3,199) (4,350) (4,001) (2,625) +2.8%
Shareholders’ equity 8,060 7,454 8,252 7,420 7,584 8,682 9,512 9,014 9,721 9,464 8,313 +1.8%
Returns, %
Returns, % ROA 11.30 10.28 10.96 11.26 13.29 12.58 9.68 9.42 10.64 9.32 9.27 (2.0) pt
ROIC 18.32 15.99 21.45 21.78 26.30 18.86 16.44 17.55 20.61 18.44 17.65 +0.1 pt
ROE 17.30 15.86 16.55 16.44 19.67 19.80 15.18 14.30 16.41 14.67 14.89 (2.6) pt
People
People Employees 160,000 160,000 170,000 175,000 200,000 240,000 256,921 234,054 233,346 240,000 — +4.6%
Revenue/emp, $m 0.05 0.05 0.05 0.05 0.04 0.04 0.04 0.05 0.04 0.04 — (2.8%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Wipro Limited vs peers in Information Technology Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FISV Fiserv, Inc. $33.0B — (loss-making) 10.5× −1.27% (below 0%: shrinking) n/m −22.03% (below 0%: shrinking) 53.06% (105.74%) Compare
CTSH Cognizant Technology Solutions Corporation $29.4B 12.1× 11.5× +4.60% (above 0%: growing) +148.80% (above 0%: growing) −20.26% (below 0%: shrinking) 33.77% 15.40% Compare
WIT Wipro Limited $21.4B 18.2× — +1.02% (above 0%: growing) 0.00% +50.60% (above 0%: growing) 28.84% 16.42%
BR Broadridge Financial Solutions, Inc. $21.4B 21.3× 19.4× +4.99% (above 0%: growing) −40.82% (below 0%: shrinking) +500.79% (above 0%: growing) 25.67% 10.40% Compare
CDW CDW Corporation $21.1B 18.6× 17.6× +17.73% (above 0%: growing) +11.55% (above 0%: growing) +24.62% (above 0%: growing) 20.51% 7.25% Compare
LDOS Leidos Holdings, Inc. $17.0B 12.0× 13.1× +3.60% (above 0%: growing) +16.05% (above 0%: growing) +67.40% (above 0%: growing) 17.71% 11.94% Compare
FIS Fidelity National Information Services, Inc. $15.4B 4.4× 5.8× +27.13% (above 0%: growing) +35.67% (above 0%: growing) +22.46% (above 0%: growing) 37.03% 19.11% Compare
CACI CACI International, Inc. $14.0B 24.7× 25.4× +8.17% (above 0%: growing) +4.06% (above 0%: growing) −2.66% (below 0%: shrinking) 35.44% 10.00% Compare
WSE WISE GROUP PLC $13.7B — — — — — — — Compare
Median of peers $19.1B 15.3× 13.1× +4.99% +13.80% +22.46% 33.77% 10.40%

All 81 Information Technology Services stocks →

Wipro Limited (WIT) Latest News

16 Oct

Impact 4 · · The Motley Fool
Impact 3 · · Investing.com earnings

15 Oct

Impact 4 · · MarketBeat transcript
Impact 3 · · The Motley Fool transcript
Impact 3 · · InvestorsHub
Impact 3 · · Business Wire

14 Oct

Impact 3 · · PR Newswire

8 Oct

Impact 3 · · Business Wire

30 Sep

Impact 3 · · GlobeNewswire

22 Sep

Impact 3 ·

9 Sep

Impact 4 ·

11 Aug

Impact 3 ·

3 Aug

Impact 4 · · InvestorsHub

30 Jul

Impact 4 ·

27 Jul

Impact 4 ·

16 Jul

Impact 3 · · The Motley Fool transcript
Impact 3 · transcript
Impact 3 ·
Impact 3 · · MarketBeat
Impact 3 ·

15 Jul

Impact 3 ·

14 Jul

Impact 3 ·

20 Jun

Impact 3 ·

18 Jun

Impact 3 ·

16 Jun

Impact 3 ·
Impact 3 ·

2 Jun

Impact 3 · · PR Newswire
Impact 3 · · PR Newswire

28 May

Impact 4 · · Insider Monkey
Impact 3 · · Reuters

WIT metrics, ten years each

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