Monday 12 October 2026
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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. In the quarter to June 2026, revenue was flat, EPS fell 25.0%, free cash flow fell 30.1% and total debt rose 26.9%, each against the same quarter a year earlier.
1.70
0.03
+1.80%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 2.25 | 2.25 | 1.76 | 1.26 | 2.84 | 2.19 | 2.16 | 2.55 | 2.55 | 1.59 |
Analyst estimates 2027–2029 Powerpack |
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| High | 3.20 | 3.00 | 2.90 | 2.87 | 4.98 | 4.93 | 2.80 | 3.75 | 3.79 | 3.06 | |||||
| People | |||||||||||||||
| People | Employees | 160,000 | 160,000 | 170,000 | 175,000 | 200,000 | 240,000 | 256,921 | 234,054 | 233,346 | 240,000 | ||||
| Revenue/emp, $m | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | |||||
| 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 | ||||
| Gross margin, % | 28.86 | 29.23 | 29.50 | 28.54 | 31.68 | 29.72 | 28.68 | 29.65 | 30.66 | 29.16 | |||||
| EBT | 1,702 | 1,574 | 1,667 | 1,624 | 1,901 | 1,994 | 1,797 | 1,766 | 2,048 | 1,848 | |||||
| EBT margin, % | 20.05 | 18.81 | 19.68 | 20.06 | 22.45 | 19.13 | 16.32 | 16.40 | 19.64 | 18.72 | |||||
| Net income | 1,313 | 1,230 | 1,302 | 1,295 | 1,486 | 1,612 | 1,383 | 1,333 | 1,547 | 1,414 | |||||
| Depreciation | 356 | 324 | 282 | 277 | 378 | 407 | 406 | 410 | 346 | 310 | |||||
| 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 | ||||
| Earnings | 0.10 | 0.10 | 0.11 | 0.11 | 0.13 | 0.15 | 0.13 | 0.13 | 0.15 | 0.13 | |||||
| Cash flow | 0.11 | 0.10 | 0.14 | 0.11 | 0.18 | 0.13 | 0.15 | 0.20 | 0.19 | 0.15 | |||||
| Capex | (0.02) | (0.03) | (0.03) | (0.03) | (0.02) | (0.02) | (0.02) | (0.01) | (0.01) | (0.02) | |||||
| Free cash flow | 0.09 | 0.08 | 0.11 | 0.09 | 0.16 | 0.11 | 0.13 | 0.19 | 0.18 | 0.14 | |||||
| Book value | 0.62 | 0.59 | 0.69 | 0.64 | 0.67 | 0.79 | 0.87 | 0.85 | 0.93 | 0.90 | |||||
| Shares, m | 12,952 | 12,666 | 12,015 | 11,667 | 11,299 | 10,933 | 10,955 | 10,577 | 10,457 | 10,476 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 26.23 | 26.74 | 18.66 | 13.48 | 24.38 | 26.62 | 17.31 | 22.64 | 20.40 | 16.40 | ||||
| P/S | 3.91 | 3.95 | 2.88 | 2.23 | 4.23 | 4.05 | 2.24 | 2.78 | 3.07 | 2.25 | |||||
| P/B | 4.11 | 4.44 | 2.96 | 2.44 | 4.72 | 4.86 | 2.59 | 3.32 | 3.29 | 2.35 | |||||
| EV/Sales | 3.54 | 3.66 | 2.40 | 1.81 | 3.81 | 3.80 | 1.96 | 2.48 | 2.65 | 1.84 | |||||
| EV/FCF | 26.60 | 31.45 | 14.75 | 14.09 | 18.31 | 32.93 | 15.25 | 13.13 | 15.10 | 12.71 | |||||
| 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 | ||||
| Capex | (303) | (318) | (301) | (295) | (258) | (256) | (173) | (78) | (152) | (158) | |||||
| Free cash flow | 1,129 | 975 | 1,379 | 1,042 | 1,760 | 1,204 | 1,416 | 2,036 | 1,831 | 1,433 | |||||
| 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 | ||||
| Total debt | 2,196 | 2,123 | 1,438 | 1,035 | 1,139 | 1,999 | 1,826 | 1,698 | 1,895 | 1,789 | |||||
| Net debt | (3,120) | (2,393) | (4,045) | (3,397) | (3,584) | (2,555) | (3,054) | (3,199) | (4,350) | (4,001) | |||||
| Shareholders’ equity | 8,060 | 7,454 | 8,252 | 7,420 | 7,584 | 8,682 | 9,512 | 9,014 | 9,721 | 9,464 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 11.30 | 10.28 | 10.96 | 11.26 | 13.29 | 12.58 | 9.68 | 9.42 | 10.64 | 9.32 | ||||
| ROIC | 18.32 | 15.99 | 21.45 | 21.78 | 26.30 | 18.86 | 16.44 | 17.55 | 20.61 | 18.44 | |||||
| ROE | 17.30 | 15.86 | 16.55 | 16.44 | 19.67 | 19.80 | 15.18 | 14.30 | 16.41 | 14.67 | |||||
Negative figures in brackets.
Fiscal years to Mar 2026 · latest quarter Jun 2026
Charts ten years each
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. | $24.4B | 8.8× | 9.5× | −4.06% (below 0%: shrinking) | −37.10% (below 0%: shrinking) | −16.95% (below 0%: shrinking) | 19.07% | 19.18% | Compare |
| BR Broadridge Financial Solutions, Inc. | $18.7B | 17.1× | 16.9× | +7.49% (above 0%: growing) | +8.46% (above 0%: growing) | −3.21% (below 0%: shrinking) | 38.43% | 24.61% | Compare |
| FIS Fidelity National Information Services, Inc. | $17.7B | 5.2× | 6.1× | +29.09% (above 0%: growing) | n/m | +45.12% (above 0%: growing) | 34.76% | 15.01% | Compare |
| CDW CDW Corporation | $17.5B | 17.0× | 14.9× | +9.97% (above 0%: growing) | +4.85% (above 0%: growing) | −161.92% (below 0%: shrinking) | 20.08% | 6.52% | Compare |
| WIT Wipro Limited | $16.5B | 14.3× | — | +0.15% (above 0%: growing) | −25.00% (below 0%: shrinking) | −30.13% (below 0%: shrinking) | 28.54% | 16.01% | |
| LDOS Leidos Holdings, Inc. | $15.0B | 11.2× | 11.1× | +7.17% (above 0%: growing) | −7.26% (below 0%: shrinking) | +67.40% (above 0%: growing) | 17.92% | 11.28% | Compare |
| CACI CACI International, Inc. | $13.3B | 25.1× | 22.9× | +17.57% (above 0%: growing) | −1.25% (below 0%: shrinking) | +158.94% (above 0%: growing) | 33.72% | 10.05% | Compare |
| IT Gartner, Inc. | $12.3B | 17.1× | 12.8× | −0.62% (below 0%: shrinking) | +32.69% (above 0%: growing) | +8.94% (above 0%: growing) | 70.95% | 22.59% | Compare |
| JKHY Jack Henry & Associates, Inc. | $10.5B | 21.4× | 18.0× | +4.66% (above 0%: growing) | −10.29% (below 0%: shrinking) | −9.65% (below 0%: shrinking) | 42.52% | 21.24% | Compare |
| Median of peers | $16.2B | 17.0× | 13.9× | +7.33% | −1.25% | +2.87% | 34.24% | 17.10% |
Wipro Limited (WIT) key facts
- Concern: Wipro Limited’s revenue for fiscal 2026 (year ended March 2026) was $9.9 billion, down 5.34% from fiscal 2025.
- Wipro Limited (WIT) is an Information Technology Services company in the Technology sector, traded in the US as an ADR.
- As of October 9, 2026, WIT traded at $1.70, a market capitalization of $16.8 billion.
- Wipro Limited pays an annual dividend of $0.09 per share, a yield of 5.06%, with a payout ratio of 72.7%.
- Return on equity was 14.7% and debt-to-equity 0.23.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 4.44 (safe zone) for fiscal 2026.
Wipro Limited (WIT) Latest News
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