Wipro Limited

WIPRO.BO

Information Technology Services · Technology

Price

₹186.70

+0.80 (+0.43%)

Market Cap

₹1.85T

Exchange

Bombay Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 9, 2026 · filings through Jun 30, 2026

Share count falling — buybacks

−4.2% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 10.96B (2022) → 10.50B (2026)

Wipro Limited is a large Indian technology company that helps other businesses run their computer systems, software, and digital operations. It offers services like cloud computing, cybersecurity, data analytics, and software development to clients in banking, healthcare, retail, and manufacturing. Headquartered in Bengaluru, India, Wipro is one of the largest IT services firms in the world.

Wipro makes most of its money by charging clients fees for ongoing technology services and consulting projects, often under multi-year contracts. It operates globally, with major revenue coming from North America and Europe, and employs over 200,000 people. Its competitive edge comes from low-cost delivery centers in India combined with a broad range of technical skills, though it faces intense competition from rivals like TCS, Infosys, and Accenture. The key growth driver is demand for artificial intelligence and cloud migration services, while slowing corporate IT spending in its largest markets remains a meaningful risk.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+7.7% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-2.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

69.2%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$586.2B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Wipro Limited is growing revenue at 8% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

28.5%

Modest — 28.5% gross margin

Operating Margin

15.6%

Healthy — 15.6% operating margin

ROCE

4.1%

Weak — 4.1% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+6.4%

Slow sales growth (+6.4% YoY)

EPS YoY

-1.9%

Earnings shrinking (-1.9% YoY)

Slight earnings drop. Typical near a cyclical low.

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion

120%

Turns 120% of profit into real cash

FCF Margin

15.0%

Converts sales into free cash efficiently (15.0%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

Debt / Equity

0.25

Conservative — low debt load (0.25)

Interest Cover

10.25x

Comfortably covers interest (10.3x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

14.8x

Attractive valuation — P/E 14.8

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward

+1.4

GROWING

Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend Yield

1.09%

Small dividend — 1.09% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth

+237.5%

Dividend growing fast (237.5% YoY)

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