Minerva Capital Research Solutions

Wipro

NSE: WIPROBSE: 507685
Compare with peers
₹ 184.50▼ 2.5 (−1.34%)28 Oct, 03:28 pm IST
Market cap
₹ 1,87,946 Cr.
P/E
14.3x
P/B
2.25x
52-week range
156.79 – 273.1
ROE
15%
ROCE
18%
Dividend yield
4.2%
Debt / equity
0.23
Sector
IT - Software
Industry
Computers - Software & Consulting
Listed on
NSE, BSE

About

Wipro Limited is an AI-powered technology services and consulting company. Its segments include IT Services and IT Products. Its IT Services segment provides a range of AI-powered IT and IT-enabled services, including digital strategy advisory, customer-centric design, custom application design, development, re-engineering, maintenance, systems integration, package implementation, infrastructure services, cybersecurity services, data and analytics services, business process services, research and development, and hardware and software design. Its IT Products segment provides a range of third-party IT products, including computing platforms and storage, networking solutions, enterprise information security and software products, such as databases and operating systems. Its services include applications, Wipro Intelligence, business process services, cloud, consulting, cybersecurity, data & analytics, digital experiences, engineering, global capability centers and sustainability.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Computers - Software & Consulting: 108 companies →

Wipro against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)14.3 against a typical 21.9: cheaper than most peers (1st = cheapest).35th of 108
  • Sales growth+9.1% against a typical +10.6% from a year earlier.49th of 90
  • Profit growth−1.9% against a typical +1.1% from a year earlier.44th of 75
  • Share price, 3 months+1.8% against a typical −8.4%.30th of 97
  • Size₹ 1,87,946.2 Cr. market value against a typical ₹ 218.6 Cr. (1st = largest).3rd of 101

Latest announcements

Exchange filings and their impact on the company.

  • 15 Oct 2026Outcome of Board MeetingMedium impactPositivePrice +6% on 16 Oct
    Strong 9% revenue growth but flat profit; buyback boosts EPS while cutting net worth and cash.

    Wipro reported Q2 FY27 consolidated revenue of Rs 24,753 crore, up about 9% from last year, and net profit of Rs 3,200 crore, down about 2%. Growth was led by Europe and APMEA while Americas was muted. The results also confirm completion of the Rs 15,000 crore buyback of 60 crore shares at Rs 250 each and a Rs 3,297 crore acquisition payout, which will lift EPS but lower cash and net worth.

    Filing
  • 6 Oct 2026UpdatesLow impactNeutralPrice −1.4% on 7 Oct
    Wipro granted ~8.5 million RSUs to subsidiary staff, a ~0.08% dilution with negligible near-term earnings impact.

    Wipro granted 83.66 lakh ADS Restricted Stock Units and 1.65 lakh Restricted Stock Units to employees of its subsidiary under its 2024 stock scheme, effective October 6, 2026. The total of about 85.3 lakh units represents roughly 0.08% of outstanding shares, worth about Rs 136 crore at the current price. The cost will be spread over the vesting period, so the impact on profit and EPS over the next 12 months is expected to be negligible, while aiding employee retention.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Highest safety

Rated AAA by ICRA
AAA
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
ICRA[ICRA]AAA /[ICRA]A1+Stable11 Aug 2026
Credit rating actions
RatingDetails
11 Aug 2026
Reaffirmed
[ICRA]AAA /[ICRA]A1+—ICRA₹ 17,793.76 Cr.

Research by Minerva Capital Research Solutions

Our research team's work on Wipro

Also covered in

Indian IT Sector : Q4FY26, AI Transformation?
Sector note · 5 Jun 2026Premium
Premium

Board meetings

Results dates and other board meetings. Full calendar

Details
15 Oct 2026Financial ResultsPursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the next meeting of the Board of Directors of Wipro Limited ( the Company ) will be held over October 14-15, 2026 to consider and approve, inter alia:a) the condensed audited standalone and consolidated financial results of the Company under lndAS for the quarter and half year ended September 30, 2026.b) the condensed audited consolidated financial results of the Company under IFRS for the quarter and half year ended September 30, 2026.
16 Jul 2026Financial Results/DividendPursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the next meeting of the Board of Directors of Wipro Limited ( the Company ) will be held over July 15-16, 2026 to consider and approve, inter alia:a) the condensed audited standalone and consolidated financial results of the Company under lndAS for the quarter ended June 30, 2026.b) the condensed audited consolidated financial results of the Company under IFRS for the quarter ended June 30, 2026.c) declaration of interim dividend, if any, for the financial year 2026-27.The financial results will be approved by the Board of Directors on July 16, 2026.It is further informed that the trading window for dealing in the securities of the Company is closed from June 16, 2026 till the close of July 18, 2026 (both days inclusive).
16 Apr 2026Financial ResultsPursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the next meeting of the Board of Directors of Wipro Limited ( the Company ) will be held over April 15-16, 2026 to consider and approve, inter alia:a) the condensed audited standalone and consolidated financial results of the Companyunder lndAS for the quarter and year ended March 31, 2026.b) the condensed audited consolidated financial results of the Company under IFRS forthe quarter and year ended March 31, 2026.The financial results will be approved by the Board of Directors on April 16, 2026.It is further informed that the trading window for dealing in the securities of the Company is closed from March 16, 2026, to April 18, 2026 (both days inclusive).
16 Jan 2026Financial Results/DividendPursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the next meeting of the Board of Directors of Wipro Limited ( Company ) will be held over January 15-16, 2026 to consider and approve, inter alia:a) the condensed audited standalone and consolidated financial results of the Company under lndAS for the quarter ended December 31, 2025.b) the condensed audited consolidated financial results of the Company under IFRS for the quarter ended December 31, 2025.c) declaration of interim dividend, if any, for the financial year 2025-26. The financial results will be approved by the Board of Directors on January 16, 2026. It is further informed that the trading window for dealing in the securities of the Company is closed from December 16, 2025, to January 18, 2026 (both days inclusive).
16 Oct 2025Financial ResultsPursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the next meeting of the Board of Directors will be held over October 15-16, 2025 to consider and approve, inter alia:a) the condensed audited standalone and consolidated financial results of the Company under lndAS for the quarter and half year ended September 30, 2025.b) the condensed audited consolidated financial results of the Company under IFRS for the for the quarter and half year ended September 30, 2025.The financial results will be approved by the Board of Directors on the evening of October 16, 2025.It is further informed that the trading window for dealing in the securities of the Company is closed from September 16, 2025 till the close of October 18, 2025 (both days inclusive).
17 Jul 2025Financial Results/DividendPursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the next meeting of the Board of Directors will be held over July 16-17, 2025 to consider and approve, inter alia:a)the condensed audited standalone and consolidated financial results of the Company under lndAS for the quarter ended June 30, 2025.b)the condensed audited consolidated financial results of the Company under IFRS for the quarter ended June 30, 2025.c)declaration of interim dividend, if any, for the financial year 2025-26.The financial results will be approved by the Board of Directors on the evening of July 17, 2025.It is further informed that the trading window for dealing in the securities of the Company is closed from June 16, 2025 till the close of July 19, 2025 (both days inclusive).

Share price

1M change +14.2%
1 of 2 filing days came with a big price moveBiggest +6% on 16 Oct 2026AI reading matched the move 1 of 1
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales22,20522,20821,96422,30222,31922,50422,13522,69723,55624,23624,47924,753
Expenses18,00717,82817,61417,79817,77917,88017,90218,32519,25919,32719,84619,890
Operating Profit4,1984,3814,3504,5034,5404,6244,2334,3724,2964,9094,6334,863
OPM %19%20%20%20%20%21%19%19%18%20%19%20%
Other Income5986537309621,0051,2171,0729631,008857979764
Interest312331329357415377361361366370473545
Depreciation932840729831676722686692805728804877
Profit before tax3,5523,8624,0224,2784,4534,7434,2584,2824,1344,6684,3344,205
Tax %24%26%24%25%24%24%22%24%24%25%23%24%
Net Profit2,7012,8583,0373,2273,3673,5883,3363,2623,1453,5223,3563,200
EPS in Rs2.582.712.873.073.23.413.183.12.973.343.383.23

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
6%
5 Years
8%
3 Years
1%
TTM
8%
Compounded Profit Growth
10 Years
4%
5 Years
4%
3 Years
5%
TTM
−2%
Stock Price CAGR
10 Years
7%
5 Years
−12%
3 Years
−2%
TTM
—
Return on Equity
10 Years
17%
5 Years
16%
3 Years
16%
TTM
—

Shareholding

Latest: Sep 2026.

Promoters
72.57%
−0.09 pts in a year
FIIs
9.46%
+1.01 pts in a year
DIIs
5.14%
−2.72 pts in a year
Public
12.7%
+1.81 pts in a year
Others
0.12%
+0.01 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 14.3xEPS (12 months) ₹ 12.93Median P/E 18.3x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Wipro₹ 184.50₹ 1,87,946 Cr.14.3x2.3x15%—
Eternal₹ 317.00₹ 3,05,916 Cr.734.9x8.5x1.2%0.7%
Info Edge (India)₹ 1,184.60₹ 76,812 Cr.44x2x4%53.7%
Tata Technologies₹ 656.85₹ 26,672 Cr.49.3x7.8x—9.4%
Netweb Technologies India₹ 4,343.00₹ 25,818 Cr.116.9x33.4x32.8%9.4%
Firstsource Solutions₹ 292.55₹ 19,667 Cr.24.3x4.2x15.9%7.1%

Management

Rishad Azim Premji
Executive Chairman of the Board
Saurabh Govil
President, Chief Human Resources Officer, Member of the Executive Board
Srinivas Pallia
Chief Executive Officer, Managing Director, Executive Director, Member of the Executive Board
Aparna C. Iyer
Chief Financial Officer, Senior Vice President
Sanjeev Kumar Jain
Chief Operating Officer, Member of the Executive Board
Mohammed Sanaulla Khan
Senior Vice President, Compliance Officer, Company Secretary
Nagendra P. Bandaru
Member of the Executive Board, Chief Executive Officer - AI-Native Business & Platforms Unit
Vinay Firake
Member of the Executive Board, Chief Executive Officer - APMEA

Prices are delayed and for information only. Nothing on this page is investment advice.