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Earnings transcript
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WIT
Wipro Limited
$2.17
0.02
(0.93%)
| Exchange: | NYSE |
| Market Cap: | 21.47B |
| Shares Outstanding: | 10.476B |
Delayed data
About The Company
| Sector: | TechnologyView sector performance | |||||
| Industry: | Information Technology ServicesView industry performance | |||||
| CEO: | Srinivas Pallia | |||||
| Full Time Employees: | 240000 | |||||
| Address: |
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| Website: | https://www.wipro.com |
Wipro Limited is a global enterprise that specializes in providing information technology (IT), consulting, and business process services. The company organizes its operations into three distinct divisions: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services division delivers a comprehensive suite of IT and IT-enabled solutions. These offerings span strategic digital advisory, bespoke customer experience design, expert technology and IT consultation, and the complete lifecycle of custom application management – from design and development to re-engineering and ongoing maintenance. Additionally, this segment handles systems integration, the deployment of packaged software, management of cloud and infrastructure environments, optimization of business processes, and advanced services in cloud computing, mobile technology, and data analytics, alongside research and development, and hardware and software design for various enterprises. Wipro caters to a diverse clientele across numerous industrial verticals, including healthcare, life sciences, consumer products, retail, transportation, communications, media, information services, technology platforms, banking, financial services, insurance, manufacturing, high-tech industries, and the energy and utilities sectors. The IT Products segment supplies an assortment of third-party information technology items. This inventory includes enterprise-level platforms, networking apparatus, various software and data storage solutions, contact center infrastructure, robust enterprise security systems, IT optimization tools, video communication solutions, and end-user computing devices. Its primary market for these products is India, where it serves enterprises in sectors such as government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services. Finally, the India State Run Enterprise Services (ISRE) division is dedicated to furnishing IT services to organizations and governmental departments either owned or controlled by the Indian federal government and/or individual Indian state administrations. Wipro Limited was established in 1945 and maintains its corporate headquarters in Bengaluru, India.
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Revenue Segmentation
Revenue by type
Revenue by region
WIT full analysis
Welcome to MarketSnap. Here's a puzzle for you. Wipro is up almost 30% in a month, 12% in a week, and it closed today at $1.93. And yet the business underneath it is flat. Revenue flat. Margins still below target. Deal wins slipped last quarter. So which is it — is this the start of a real re-rating, or a dividend-driven bounce inside a long-term downtrend? Today makes the question sharper, because the Nasdaq fell 2.6% while defensives rose. That's…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| WIT | Wipro Limited | 21.5B | 15.6 | 16.1 | 10.5% |
 BR | Broadridge Financial Solutions, Inc. | 21.7B | 18.5 | 20.1 | 13.4% |
 CDW | CDW Corporation | 20.6B | 18.4 | 15.0 | 12.6% |
 LDOS | Leidos Holdings, Inc. | 16.6B | 13.2 | 11.2 | 14.4% |
 FIS | Fidelity National Information Services… | 15.4B | 5.9 | 4.8 | 4.6% |
 GIB | CGI Inc. | 15.3B | 13.9 | 13.0 | 16.0% |
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 897,603,000 | 890,884,000 | 926,240,000 |
| Gross Profit | 266,106,000 | 273,082,000 | 270,048,000 |
| EBITDA | 189,541,000 | 213,783,000 | 216,136,000 |
| Operating Income | 133,730,000 | 150,686,000 | 149,856,000 |
| Net Income | 110,452,000 | 131,354,000 | 131,974,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 1,152,459,000 | 1,286,520,000 | 1,391,164,432 |
| Total Liabilities | 401,236,000 | 456,073,000 | 520,865,007 |
| Total Stockholders Equity | 749,883,000 | 828,309,000 | 842,388,153 |
| Total Debt | 164,649,000 | 192,035,000 | 198,892,928 |
| Cash and Cash Equivalents | 96,953,000 | 121,974,000 | 103,465,295 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 176,216,000 | 169,426,000 | 180,833,648 |
| Capital Expenditure | -10,510,000 | -15,037,000 | -16,417,613 |
| Free Cash Flow | 165,706,000 | 154,389,000 | 164,416,035 |
| Net Income | 110,452,000 | 132,180,000 | 138,864,198 |
| Net Change in Cash | 5,090,000 | 25,023,000 | -29,209,480 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,142,018,225.577 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 1,202,515,344.719 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 1,163,567,574.446 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 247,373,808.729 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 262,090,388.463 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 252,615,950.640 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 163,126,561.943 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 174,424,463.860 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 167,150,948.466 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 152,386,624.848 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 160,459,133.318 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 155,262,089.064 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 15.910 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 16.610 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 15.530 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 10 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust balance sheet and cash generation. Gross cash stands at $4.6 billion with a current ratio of 1.70 and quick ratio of 1.69; debt-to-equity is a conservative 0.25. Operating cash flow reached 166% of net income in Q2 FY2027, and FY2026 free cash flow was approximately ₹164.4 billion (FCF yield TTM of 9.07%), funding a dividend yield of 4.34% and buybacks (June 2026 buyback completed).
- AI-driven productivity gains are materializing. The CTO reports AI initiatives have freed capacity equivalent to 20,000 employees, redeployed internally; headcount fell 6,500+ in Q2 FY2027 with no campus hiring in H1 and no salary increases under consideration. Operating margin improved 0.5% sequentially to 16.5%, and EPS rose 4.2% YoY to ₹3.23 despite flat revenue.
- Valuation discount versus industry. TTM P/E of 14.5x compares with an industry average TTM P/E of 68.8x; forward P/E compresses from ~15.5x (FY2027) to ~13.0x (FY2030) on rising EPS estimates ($0.14 to $0.17). Price-to-sales is 1.88x. Low beta (0.394) indicates defensive trading characteristics.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates WIT intrinsic value between $2.33 – $2.55 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about WIT valuation
Is Wipro Limited (WIT) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Wipro Limited (WIT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is WIT a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether WIT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is WIT’s P/E ratio?
You can see WIT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for WIT?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is WIT a good long-term investment?
Whether WIT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
WIT
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Daily snapshot
0.93
Trading Metrics:
| Open: | 2.17 | Previous Close: | 2.15 | |
| Day Low: | 2.16 | Day High: | 2.2 | |
| Year Low: | 1.59 | Year High: | 3.09 | |
| Price Avg 50: | 1.82 | Price Avg 200: | 2.06 | |
| Volume: | 1.512M | Average Volume: | 10.012M |
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