Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 1 Oct
Source: Bse
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.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Official result overlay30 Sept 2026 · nse-xbrl
Latest result15 Oct, 03:47 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · IT P/E 21.4 (n=204)
Technical timing lens
Trend score and candlestick chart
65BullishSMA20 -5.2% / mo · MACD + · sector +14.5pp vs Nifty 500 (3M)
Stock trend: 42
Sector RS: 100
Sector 3M: +8.9% vs Nifty 500 -5.6%
IT FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
WIPROD candles · FIT view-8.6%Latest close ₹182.14 on 2026-10-19
Bar
-1.0%
RSI
68
MACD hist
3.09
52W pos
22%
2026-10-19O ₹184.00H ₹185.85L ₹181.48C ₹182.14Vol 1.6Cr sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
WIPRONifty ITNifty 500
- WIPRO
- +3.3%
- Nifty 500
- -5.6%
- Nifty IT
- +8.1%
- Vs Nifty 500
- +8.8 pp
Chart stats
19 Oct 2026- From 52W high
- -33.3%
- 52W range position
- 22%
- ATR (14)
- 2.6%
- Volume vs 20D
- 0.62x
- Avg traded value
- ₹416 Cr
- 20D price channel
- ₹156.8 - ₹185.9
₹273.1
₹156.8 - ₹273.1
₹4.8
Latest completed session
20-session average
33.3% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend supports entry, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE55
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad5
Revenue +9.1% · PAT -1.9% YoY
Technical
Bullish65
Price trend and sector-relative-strength timing.
Valuation
Legacy model-25.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence78
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Bad · 5/100PAT -2% YoY · Rev +9% YoY · margin expansion
Filed 15 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹24,752.7 Cr | +9.1% | +1.1% |
| EBITDA | ₹4,862.7 Cr | +11.2% | +5.0% |
| Operating margin | 19.6% | +65 bps | +72 bps |
| PAT | ₹3,199.7 Cr | -1.9% | -4.7% |
| PAT margin | 12.9% | -144 bps | -78 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 13.86
- P/B
- 2.04
- EV/EBITDA
- 8.93
- Market Cap
- 182648.20Cr
Profitability
- ROE
- 15.50%
- ROCE
- 17.80%
- ROA
- 9.43%
- Dividend Y
- 6.44%
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
- 4.06
- Book Value
- 83.90
Cash Flow
- FCF Yield
- 7.37%
- FCF Positive Y
- 9/5
- OCF
- 14932.00 Cr
- EPS TTM
- 13.30
Shareholding
- Promoter Hold
- 72.57%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 12%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 24.8k+1.1% vs prev
Net Profit
₹ CrLatest: 3,200-4.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 68. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~5.5% over last month) — short-term momentum negative.
- RSI(14) at 68 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 33% off 52W high · 16% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
32
RS percentile
Stage 1 Base / Transition
1M return
+9.2%
3M return
+3.3%
6M return
-10.7%
1Y return
-24.9%
RS 1D
0
RS 20D
+24
Sector rank
#2
Industry rank
#5
Stage evidence
- Price is within 1.0% of the 30-week proxy.
- The 30-week proxy changed -2.4% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price above
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 79.61-0.20%
RS vs Nifty 50080
Valuation & peers
U-Score 55 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 55 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation8/30
Growth7/25
Quality11/20
Balance Sheet13/15
Cash Flow10/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
55
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
55/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 7.4%.
- Piotroski is strong at 8/9.
- Cash flow contributes 10/10 to the score.
Main drags
- Fair-value margin of safety is negative at -25.4%.
- Valuation is weaker at 8/30; verify the latest quarterly trend.
- Growth is weaker at 7/25; verify the latest quarterly trend.
Sector valuation model
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.
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
13.9
PB
2.0
EV/EBITDA
8.9
ROE
15.5%
ROCE
17.8%
FCF Yield
7.4%
Debt/Equity
0.2
MoS
-25.4%
Score movement
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.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
55
Previous: 55
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-25.4%
Previous: -25.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
58
58
58
58
58
58
55
55
55
55
55
55
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹158.45
-14.9% MoS
Growth-justified P/E
10.9
Growth-justified Value
₹145.24
-25.4% MoS
PEG
3.15
Comparable companies
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.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
HCLTECH
Large
HCL Technologies Limited
IT Services / Digital
match 161
59
19.7
23.8%
+15%
FAIR VALUE
HEXT
Large
Hexaware Technologies Limited
IT Services / Digital
match 160
60
25.1
24.9%
+17%
UNDERVALUED
NEWGEN
Large
Newgen Software Technologies Limited
IT Services / Digital
match 158
63
19.8
19.6%
+31%
UNDERVALUED
SONATSOFTW
Large
Sonata Software Limited
IT Services / Digital
match 157
66
13.8
28.2%
+54%
UNDERVALUED
LTM
Large
LTM Limited
IT Services / Digital
match 157
55
24.9
23.1%
+24%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-07-18T00:42:25.221Z
Management commentary snapshot
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.
Growth engines
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.
Capacity and execution
Mindsprint Acquisition
Closed the acquisition of Mindsprint and quickly transitioned from integration planning to execution, seeing opportunities in food and agriculture.
Tailwinds
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.
Headwinds
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.
Risk radar
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
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
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.
Sector KPIs management disclosed
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.
Management forward view
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.
Thesis monitor
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 outlooknot yet verifiablequantified
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.
Timeframe: Quarter ending June 30, 2025Direction: decrease
"Revenue from our IT Services business segment to be in the range of $2,505 million to $2,557 million"
revenue outlookpartially deliveredquantified
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.
Timeframe: Quarter ending June 30, 2025Direction: decrease
"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).
Trust Score
78Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Management has 100% delivered/partly-delivered outcomes on 1 checked claims. It ranks around the 86th percentile of the scored universe and 81st percentile within IT. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 20 Oct 2026
management-trust-v1
117 docs text-extracted · 63 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
86th percentile
overall median 67 · IT: 81st pctile, median 69 · Large: 70th pctile, median 73
Evidence depth
Financial-only
117 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
100% delivered or partly delivered
1/3 claims checked · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read 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.
Promoter
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
61
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 72.6%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 7.4%.
- ▸9 years of positive FCF.
Trust risks
- ▸1/4 latest quarters had positive YoY PAT growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Wipro Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 18 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 17 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 9 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Sep - Newspaper Advertisement - Regulation 30 of SEBI (LODR) Regulations, 2015
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.