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Wipro
(NYSE:WIT)
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Rating:65Neutral
Price Target:
$2.00
▼(-25.65% Downside)
Action:Reiterated
Date:07/18/26
WIT scores as a mid-quality, income-supported name: solid profitability and a conservative balance sheet are the primary positives, reinforced by an attractive dividend yield and reasonable P/E. The score is held back by weak technical trends and near-term business uncertainty from cautious guidance and margin pressure despite healthy bookings and AI-driven strategic momentum.
Positive Factors
Conservative balance sheet
Wipro’s low debt-to-equity (~0.23) and conservative balance sheet provide durable financial flexibility. This reduces refinancing and interest-rate risk, enables multi-year investments in AI and M&A, and supports capital returns without stressing operations through typical 2–6 month market cycles.
Negative Factors
Muted revenue growth
Persistent weak top-line momentum constrains sustainable earnings expansion. Even with healthy margins, muted revenue growth limits scale benefits, reduces optionality for reinvestment, and makes multi-quarter recovery dependent on successful execution of higher-value AI/consulting transitions.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Wipro’s low debt-to-equity (~0.23) and conservative balance sheet provide durable financial flexibility. This reduces refinancing and interest-rate risk, enables multi-year investments in AI and M&A, and supports capital returns without stressing operations through typical 2–6 month market cycles.
Read all positive factors
Wipro (WIT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$18.04B
Dividend Yield6.6%
Average Volume (3M)12.78M
Price to Earnings (P/E)14.0
Beta (1Y)0.88
Revenue Growth-0.12%
EPS Growth-7.87%
CountryUS
Employees240,000
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)12.65
Shares Outstanding9,903,884,000
10 Day Avg. Volume10,800,532
30 Day Avg. Volume12,783,690
Financial Highlights & Ratios
PEG Ratio49.36
Price to Book (P/B)2.34
Price to Sales (P/S)2.24
P/FCF Ratio15.52
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$1.86Price Target Upside-30.86% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)0.14
Revenue Forecast (FY)$10.27B
Wipro Business Overview & Revenue Model
Company Description
Wipro Limited is a global enterprise that specializes in providing information technology (IT), consulting, and business process services. The company organizes its operations into three distinct divisions: IT Services, IT Products, and India Stat...
How the Company Makes Money
Wipro primarily makes money by delivering IT and consulting services to enterprise customers under services contracts. Revenue is largely generated from (1) time-and-materials engagements where clients pay for billable hours and resources, (2) fix...
Wipro Earnings Call Summary
Earnings Call Date:Jul 16, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Oct 15, 2026
Earnings Call Sentiment Neutral
The call highlights a clear strategic pivot to AI with several tangible wins, healthy order bookings ($3.4B) and a strong cash position, but the company is facing near-term execution and margin pressures: sequential revenue decline, a 120-basis-point margin drop, regional softness (notably in Americas and EMR), and cautious Q2 guidance. Management emphasizes a long-term investment posture in AI and platforms while working to return margins to prior targeted bands, indicating a balanced mix of positive strategic momentum and short-term financial/headwind challenges.Positive Updates
Year-over-Year Revenue Growth
IT services revenue for Q1 was $2.61 billion, up 0.9% year-on-year (constant currency).
Negative Updates
Sequential Revenue and Margin Pressure
IT services revenue declined 1.2% sequentially (constant currency). IT services operating margin fell to 16.0%, a decline of 120 basis points year-on-year, driven by salary increases, ramp-up costs on recently won large deals, and investments in AI.
Read all updates
Q1-2027 Updates
Positive
Negative
Year-over-Year Revenue Growth
IT services revenue for Q1 was $2.61 billion, up 0.9% year-on-year (constant currency).
Read all positive updates
Company Guidance
Management guided Q2 IT services revenue of $2.574–$2.627 billion, implying sequential growth of -1.5% to +0.5% in constant currency (after Q1 IT services revenue of $2.61 billion, up 0.9% YoY and down 1.2% QoQ), and reiterated the objective to return to a 17.0–17.5% operating margin band (Q1 operating margin was 16%, down 120 bps YoY); Q1 order bookings were $3.4 billion with $1.6 billion of large deals across 13 large wins, operating cash flow was 98% of net income, gross cash and investments totaled $4.3 billion, EPS was INR 3.2, accounting yield in India was 7.2% and ETR was 22.6%; management said it will continue to invest in AI and did not break Q2 guidance into organic versus inorganic contributions.Wipro Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 951.13B | 926.24B | 890.88B | 897.60B | 904.88B | 790.93B |
| Gross Profit | 276.25B | 270.05B | 273.08B | 266.11B | 259.43B | 235.06B |
| EBITDA | 206.66B | 215.28B | 213.78B | 187.84B | 187.07B | 187.51B |
| Net Income | 132.39B | 131.97B | 131.35B | 110.45B | 113.50B | 122.19B |
Balance Sheet | ||||||
| Total Assets | 1.33T | 1.42T | 1.29T | 1.15T | 1.18T | 1.08T |
| Cash, Cash Equivalents and Short-Term Investments | 398.21B | 543.63B | 532.37B | 410.01B | 401.87B | 351.28B |
| Total Debt | 214.16B | 202.91B | 192.03B | 164.65B | 174.67B | 175.93B |
| Total Liabilities | 543.71B | 531.38B | 456.07B | 401.24B | 394.07B | 420.51B |
| Stockholders Equity | 779.57B | 885.37B | 828.31B | 749.88B | 781.16B | 658.16B |
Cash Flow | ||||||
| Free Cash Flow | 132.59B | 133.71B | 154.39B | 165.71B | 115.77B | 90.64B |
| Operating Cash Flow | 148.85B | 149.32B | 169.43B | 176.22B | 130.60B | 110.80B |
| Investing Cash Flow | 53.82B | -33.42B | -80.73B | 11.68B | -84.06B | -224.50B |
| Financing Cash Flow | -247.16B | -141.26B | -63.96B | -182.57B | -60.88B | 46.59B |
Wipro Technical Analysis
Negative
2.69
Price Trends
2.06
Negative
2.12
Negative
2.38
Negative
Market Momentum
-0.09
Positive
40.11
Neutral
36.54
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 2.01, above the 50-day MA of 2.06, and above the 200-day MA of 2.38, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 40.11 is Neutral, neither overbought nor oversold. The STOCH value of 36.54 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 62 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $10.78B | 21.18 | 24.03% | 1.25% | 8.44% | 21.74% | |
76 Outperform | $87.86B | 11.38 | 24.82% | 2.25% | 6.74% | -0.66% | |
75 Outperform | $21.22B | 9.71 | 14.79% | 1.46% | 6.55% | -3.10% | |
71 Outperform | $4.30B | 17.82 | 27.16% | ― | 13.35% | 18.39% | |
71 Outperform | $46.11B | 13.88 | 31.77% | 2.58% | 4.85% | 6.19% | |
65 Neutral | $18.04B | 13.96 | 15.03% | 2.78% | -0.12% | -7.87% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
WIT
Wipro
1.86
-0.99
-34.78%
ACN
Accenture
143.57
-129.79
-47.48%
CTSH
Cognizant
44.77
-29.09
-39.38%
EXLS
Exlservice Holdings
28.16
-14.43
-33.88%
INFY
Infosys
11.49
-6.15
-34.85%
JKHY
Jack Henry & Associates
151.67
-22.55
-12.94%
Wipro Corporate Events
Wipro Completes Cancellation of 600 Million Shares After June Buyback
Jul 2, 2026
On June 30, 2026, Wipro Limited reported to Indian stock exchanges and the NYSE that it had completed the extinguishment of 600 million equity shares repurchased under a recently concluded buyback offer. The tendering period for the buyback ran fr...
Wipro Completes Large-Scale Share Buyback Announced on June 26, 2026
Jun 26, 2026
On June 26, 2026, Wipro announced the completion of a substantial equity share buyback, conducted via tender offer, targeting 600 crore fully paid shares with a face value of ₹2 each at a buyback price of ₹250 per share for shareholder...
Wipro Files 2025-26 Sustainability Report with Exchanges and U.S. SEC
Jun 25, 2026
Wipro Limited has furnished the U.S. Securities and Exchange Commission with documents related to its Business Responsibility and Sustainability Report for the financial year 2025-26, which forms part of its Integrated Annual Report. The report co...
Wipro Sets July 15, 2026 Virtual AGM and Details E‑Voting Process
Jun 25, 2026
Wipro Limited has scheduled its Annual General Meeting of shareholders for July 15, 2026, at 9:00 a.m. IST, to be held via video conferencing, and has informed the Indian stock exchanges and the New York Stock Exchange of the arrangements. The com...
Wipro Files FY 2025-26 Integrated Annual Report and Sets July 15 Virtual AGM
Jun 25, 2026
Wipro announced that on June 22, 2026, it submitted its Integrated Annual Report for the financial year 2025-26 to stock exchanges in India and the New York Stock Exchange and distributed the report via email to equity shareholders. The report, al...
Wipro Unveils ₹15,000 Crore Share Buyback Approved by Shareholders
May 26, 2026
On May 25, 2026, Wipro announced a substantial share buyback program, following board approval on April 16, 2026 and shareholder approval via postal ballot on May 21, 2026, to repurchase up to 600 million fully paid equity shares. The buyback, rep...
Wipro Sets June 5, 2026 Record Date for ₹15,000 Crore Share Buyback
May 22, 2026
On May 22, 2026, Wipro Limited announced that it has fixed Friday, June 5, 2026 as the record date to determine which equity shareholders will be eligible to participate in its previously approved share buyback. The buyback will be conducted via a...
Wipro Shareholders Clear ₹15,000 Crore Buyback and New Independent Directors
May 21, 2026
On May 21, 2026, Wipro reported the results of a postal ballot conducted entirely through remote e-voting between April 22 and May 21, 2026, on three key resolutions, including board appointments and a large capital return plan. Shareholders appro...
Wipro Seeks Shareholder Nod for Director Moves and Equity Buyback via April Postal Ballot
Apr 22, 2026
Wipro Limited has initiated a postal ballot process to seek shareholder approval for several board and capital allocation actions that were approved by its board on April 16, 2026. The company is using remote e-voting, in line with Indian corporat...
Wipro to Buy Alpha Net Customer Contracts in $70.8 Million AI Services Push
Apr 21, 2026
On April 14, 2026, Wipro, through its subsidiaries, signed a definitive agreement to acquire select customer contracts and associated workforce from Alpha Net Consulting LLC and its subsidiaries, an IT services provider headquartered in Santa Clar...
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.