Wipro Limited

WIT

Information Technology Services · Technology

Price

$1.86

+0.01 (+0.54%)

Market Cap

$18.40B

Exchange

New York Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

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 is an Indian technology company that helps other businesses run their computer systems, software, and digital operations. It provides services like writing software code, managing IT infrastructure, handling cybersecurity, and running back-office processes for clients. Its main customers are large companies in banking, healthcare, manufacturing, and retail — mostly in the United States, Europe, and Asia.

Wipro makes money by charging clients fees for ongoing technology services, often through multi-year contracts. It is headquartered in Bengaluru, India, and employs roughly 230,000 people, making it one of the largest IT services firms in the world alongside rivals like TCS and Infosys. Its competitive edge comes from low-cost engineering talent in India combined with a global delivery model, but the company faces real pressure from slower client spending on IT projects and growing competition from automation and artificial intelligence tools that could reduce demand for traditional outsourced labor.

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

70.9%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$573.8B 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

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Quality

Gross Margin

29.1%

Modest — 29.1% gross margin

Operating Margin

17.3%

Healthy — 17.3% operating margin

ROCE

4.0%

Weak — 4.0% 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

+4.5%

Slow sales growth (4.5% YoY)

EPS YoY

+5.4%

Modest earnings growth (5.4% YoY)

Single-digit earnings growth — steady but not exciting.

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion

108%

Turns 108% of profit into real cash

FCF Margin

13.5%

Converts sales into free cash efficiently (13.5%)

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

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Stability

Debt / Equity

0.19

Conservative — low debt load (0.19)

Interest Cover

21.89x

Comfortably covers interest (21.9x)

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

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Valuation

P/E Ratio (TTM)

0.1x

Attractive valuation — P/E 0.1

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

+0.0

GROWING

Earnings roughly flat

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Dividends

Dividend Yield

6.47%

Healthy income — 6.47% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend Growth

+95.2%

Dividend growing fast (95.2% YoY)

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