Wipro Limited (WIPRO)
Large CapIT stocks · Large cap · NSE
Wipro is a global IT services company executing a consulting-led AI-powered strategy. It focuses on AI, data, cloud, modernization, cybersecurity, and productivity-led transformation for clients. The company serves diverse industries across Americas, Europe, and APMEA.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is supportive, price trend is neutral, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 1/3 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Bad · 22/100margin compression · Rev +11% YoY · PAT +1% YoY
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹24,479 Cr | +10.6% | +1.0% |
| EBITDA | ₹4,633 Cr | +9.4% | -5.6% |
| Operating margin | 19.0% | +0 bps | -100 bps |
| PAT | ₹3,356 Cr | +0.6% | -4.7% |
| PAT margin | 13.7% | -136 bps | -82 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Wipro's Q1 FY27 IT services revenue grew 0.9% YoY in constant currency but declined 1.2% QoQ. Operating margin was 16%, down 1.2% YoY. Order bookings totaled $3.4B, with large deals at $1.6B. Q2 guidance projects -1.5% to +0.5% sequential growth.
Wipro's Q1 FY27 results show continued revenue softness and margin pressure, with a weak Q2 guidance. While AI investments and new deal wins are highlighted, the immediate financial performance and outlook remain challenging amidst macro uncertainty and a competitive large deal environment. The company's ability to convert pipeline and improve margins is key.
Consulting-led AI-powered Strategy
Executing a consulting-led AI-powered strategy to help our clients reimagine and redesign their enterprise around intelligence.
AI-Native Business and Platforms Unit
Building multiple AI-powered industry platforms, developing new AI-native business models and forging strong partnerships across our AI ecosystem.
Reimagine AI Services
New AI services like AI advisory, data priming for AI, agent implementation, ModelOps, AI-DCs, Sovereign AI, and secure/responsible AI.
Cost Optimization & Vendor Consolidation
These remain key drivers for clients, with savings getting reinvested into AI capabilities, creating new transformation projects.
Mindsprint Acquisition
Closed the acquisition of Mindsprint and quickly transitioned from integration planning to execution, seeing opportunities in food and agriculture.
AI Market Expansion
The AI disruption is expanding the market, not shrinking it.
Focused Technology Investment
Clients continue to invest in AI, data, cloud, modernization, cybersecurity, and productivity-led transformation.
Reinvestment in AI
Savings from cost optimization and vendor consolidation are getting reinvested by some clients into AI capabilities.
Macro Uncertainty
The macro environment remains resilient, but uncertainty continues to shape decision making. Geopolitical instability persists.
Spending Rigor & Longer Decision Cycles
Spending today is measured with more rigor and longer decision cycles.
Americas Market Softness
Americas remain soft, declining both sequentially and on a year-on-year basis.
Healthcare Sector Pressure
US Healthcare ecosystem is facing sustained pressure both from structural and demographic forces, leading to flattish/negative budgets.
Margin Pressure from Investments & Deals
Operating margins declined due to salary increases, ramp-up of large deals, and ongoing investments in AI and acquisitions.
Competitive Large Deal Environment
The large deal environment remains very competitive, with clients seeking cost take-outs and shifting budgets, impacting pricing.
Client Budget Compression
Traditional IT and BPO budgets are getting compressed as clients want to deploy more AI and disrupt existing processes.
Deal Slippage
Some decisions on deals have slipped to quarter two, impacting immediate bookings and revenue recognition.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
IT services revenue is compared YoY to assess structural growth and QoQ for sequential momentum and project execution. Margins and deal bookings are also relevant QoQ to gauge immediate operational efficiency and demand trends.
IT Services Revenue (Constant Currency)
$2.61 billion, up 0.9% year-on-year and down 1.2% sequentially.
IT Services Operating Margin
16%, a 1.2% decline year-on-year.
Total Order Booking
$3.4 billion, including 13 large deals.
Large Deal Booking
$1.6 billion.
AI-First Strategic Pivot
We have pivoted to AI and are doing an AI-first approach; our consulting-led, AI-powered strategy is all about that.
Commitment to Margin Recovery
Our mission is clearly to go back to the narrow band that we've been talking about, 17% to 17.5%.
Investment in Future Growth
We want to invest in our new AI-native business... it's very, very critical because the world is pivoting to AI.
Disciplined Execution
Our priority is to remain disciplined in execution, helping clients navigate complexity and creating sustainable value for all our stakeholders.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Sequential Revenue Growth (Constant Currency) | -1.2% QoQ (Q1 FY27) | Q2 FY27 guidance of -1.5% to +0.5% sequential growth; actual performance relative to this range. |
| IT Services Operating Margin | 16% | Progress towards the stated narrow band of 17%-17.5% through operational levers and AI investments. |
| Large Deal Bookings & Conversion | $1.6 billion (Q1 FY27) | Conversion of deals that slipped to Q2 and sustained healthy pipeline conversion into bookings and revenue. |
| BFSI & Healthcare Sector Performance | BFSI declined 1.2% QoQ; Health declined 2.6% QoQ | Momentum build-up in BFSI Americas and successful deployment of AI-driven opportunities in Healthcare to reverse declines. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Show extracted source claims
Revenue from our IT Services business segment is expected to be in the range of $2,505 million to $2,557 million, which translates to sequential guidance of (-)3.5% to (-)1.5% in constant currency terms.
"Revenue from our IT Services business segment to be in the range of $2,505 million to $2,557 million"
Revenue from our IT Services business segment is expected to be in the range of $2,505 million to $2,557 million, which translates to sequential guidance of (-)3.5% to (-)1.5% in constant currency terms.
"Revenue from our IT Services business segment to be in the range of $2,505 million to $2,557 million"
Outcome check: Revenue YoY averaged 1.3% across 2 later quarter(s).
Trend score and candlestick chart
48NeutralMACD − · near 52W low
Technical chart
WIPROdaily · 1Y · AUTO-9.9%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 43.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 43 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 7.9% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -4.2%.
- Both 3-month and 6-month returns are negative.
Valuation & score drivers
U-Score 55 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 55 · FAIR VALUE · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- FCF yield is supportive at 7.2%.
- Piotroski is strong at 8/9.
- Cash flow contributes 10/10 to the score.
Main drags
- Fair-value margin of safety is negative at -26.3%.
- Valuation is weaker at 8/30; verify the latest quarterly trend.
- Growth is weaker at 7/25; verify the latest quarterly trend.
IT valuation: PE and EV/EBITDA against growth and margins
Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +1 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Management has 100% delivered/partly-delivered outcomes on 1 checked claims. It ranks around the 93rd percentile of the scored universe and 89th percentile within IT. No major sub-score weakness stands out.
High Trust Lite: Promoter holding is 72.6%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · IT: 89th pctile, median 69 · Large: 83rd pctile, median 73
107 documents have extracted text, but claim history is not strong enough yet.
1/3 claims checked · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 72.6%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 7.2%.
- ▸9 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 13.20
- P/B
- 2.10
- EV/EBITDA
- 9.18
- Market Cap
- 174718.00Cr
Profitability
- ROE
- 15.50%
- ROCE
- 17.80%
- ROA
- 9.43%
- Dividend Y
- 6.24%
Growth (CAGR)
- Revenue 5Y
- 8.00%
- EPS 5Y
- 4.00%
- Revenue 3Y
- 1.00%
- EPS 3Y
- 5.00%
Balance Sheet
- Debt/Equity
- 0.23
- Interest Coverage
- 11.60×
- Altman Z
- 4.12
- Book Value
- 83.90
Cash Flow
- FCF Yield
- 7.15%
- FCF Positive Y
- 9/5
- OCF
- 14932.00 Cr
- EPS TTM
- 12.79
Shareholding
- Promoter Hold
- 72.59%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 7%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in IT, ranked by similarity
Peers
Business-comparable names in IT, ranked by similarity
Peers
Business-comparable peers in IT — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.