NYSE : WIT
Wipro Limited — Financial statements
Technology · Information Technology Services · India
Last price 2.17 USD (Oct 30, 2026, 9:50 AM EDT) · Market cap 20.31B
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Financial statements
Wipro Limited (WIT) reported revenue of 970.23B INR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 970.23B | 926.24B | 890.88B | 897.60B | 904.88B | 790.93B |
| Cost of Revenue | 690.08B | 656.19B | 617.80B | 631.50B | 645.45B | 555.87B |
| Gross Profit | 280.15B | 270.05B | 273.08B | 266.11B | 259.43B | 235.06B |
| Selling, General & Admin | 124.92B | 120.42B | 123.60B | 130.32B | 124.18B | 100.67B |
| Operating Expenses | 124.92B | 120.42B | 123.60B | 130.32B | 124.18B | 100.67B |
| Operating Income | 155.23B | 149.63B | 149.48B | 135.79B | 135.25B | 134.39B |
| Interest Expense | -9.11B | -7.91B | -9.25B | -8.26B | -7.82B | -5.33B |
| Interest & Investment Income | 26.84B | 28.37B | 29.51B | 19.48B | 16.89B | 13.12B |
| Earnings From Equity Investments | 136.00M | 257.00M | 254.00M | -233.00M | -57.00M | 57.00M |
| Currency Exchange Gain (Loss) | 2.55B | 1.85B | 32.00M | 340.00M | 4.47B | 5.84B |
| Other Non Operating Income (Expenses) | -8.43B | -6.67B | -5.52B | -4.29B | -2.25B | |
| EBT Excluding Unusual Items | 167.22B | 165.53B | 164.50B | 142.83B | 146.48B | 148.08B |
| Merger & Restructuring Charges | -230.00M | -230.00M | -45.00M | -31.00M | -118.00M | -647.00M |
| Gain (Loss) on Sale of Investments | 6.42B | 8.12B | 8.69B | 4.42B | 1.29B | 1.66B |
| Gain (Loss) on Sale of Assets | 2.19B | |||||
| Pretax Income | 173.41B | 173.42B | 174.96B | 147.21B | 147.66B | 151.28B |
| Income Tax Expense | 41.18B | 40.77B | 42.78B | 36.09B | 33.99B | 28.95B |
| Earnings From Continuing Operations | 132.23B | 132.66B | 132.18B | 111.12B | 113.67B | 122.33B |
| Minority Interest in Earnings | -492.00M | -681.00M | -826.00M | -669.00M | -165.00M | -138.00M |
| Net Income | 131.73B | 131.97B | 131.35B | 110.45B | 113.50B | 122.19B |
| Net Income to Common | 131.73B | 131.97B | 131.35B | 110.45B | 113.50B | 122.19B |
| Shares Outstanding (Basic) | 10.33B | 10.48B | 10.46B | 10.58B | 10.95B | 10.93B |
| Shares Outstanding (Diluted) | 10.35B | 10.50B | 10.49B | 10.61B | 10.98B | 10.96B |
| EPS (Basic) | 12.76 | 12.60 | 12.56 | 10.44 | 10.36 | 11.18 |
| EPS (Diluted) | 12.73 | 12.56 | 12.52 | 10.41 | 10.34 | 11.14 |
| Free Cash Flow | 143.12B | 133.71B | 154.69B | 165.71B | 115.77B | 90.64B |
| Free Cash Flow Per Share | 13.83 | 12.73 | 14.75 | 15.62 | 10.54 | 8.27 |
| Dividend Per Share | 8.00 | 11.00 | 6.00 | 1.00 | 0.50 | 3.00 |
| Gross Margin | 28.87% | 29.15% | 30.65% | 29.65% | 28.67% | 29.72% |
| Operating Margin | 16.00% | 16.15% | 16.78% | 15.13% | 14.95% | 16.99% |
| Profit Margin | 13.58% | 14.25% | 14.74% | 12.31% | 12.54% | 15.45% |
| Free Cash Flow Margin | 14.75% | 14.44% | 17.36% | 18.46% | 12.79% | 11.46% |
| EBITDA | 179.21B | 171.16B | 171.80B | 168.16B | 166.84B | 165.30B |
| EBITDA Margin | 18.47% | 18.48% | 19.28% | 18.73% | 18.44% | 20.90% |
| D&A For EBITDA | 23.98B | 21.53B | 22.32B | 32.37B | 31.59B | 30.91B |
| EBIT | 155.23B | 149.63B | 149.48B | 135.79B | 135.25B | 134.39B |
| EBIT Margin | 16.00% | 16.15% | 16.78% | 15.13% | 14.95% | 16.99% |
| Effective Tax Rate | 23.75% | 23.51% | 24.45% | 24.52% | 23.02% | 19.13% |
Balance sheet
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 95.02B | 105.56B | 121.97B | 96.95B | 91.88B | 103.84B |
| Short-Term Investments | 310.04B | 356.68B | 322.40B | 239.37B | 308.58B | 241.00B |
| Trading Asset Securities | 30.50B | 81.00B | 88.87B | 71.47B | ||
| Cash & Short-Term Investments | 435.55B | 543.24B | 533.24B | 407.79B | 400.46B | 344.84B |
| Accounts Receivable | 229.63B | 231.73B | 202.96B | 198.98B | 215.54B | 201.74B |
| Other Receivables | 18.41B | 14.75B | 8.40B | 10.14B | 7.01B | 5.76B |
| Receivables | 248.04B | 246.49B | 211.36B | 209.13B | 222.55B | 207.50B |
| Inventory | 835.00M | 517.00M | 694.00M | 907.00M | 1.19B | 1.33B |
| Prepaid Expenses | 24.26B | 18.93B | 16.92B | 17.57B | 19.16B | 15.84B |
| Other Current Assets | 19.49B | 17.19B | 15.56B | 15.27B | 17.74B | 51.24B |
| Total Current Assets | 728.18B | 826.35B | 777.77B | 650.66B | 661.10B | 620.75B |
| Property, Plant & Equipment | 108.45B | 110.07B | 106.28B | 99.56B | 107.36B | 109.77B |
| Long-Term Investments | 29.95B | 30.18B | 27.79B | 22.67B | 21.50B | 19.88B |
| Goodwill | 409.18B | 387.40B | 325.01B | 316.00B | 307.97B | 246.99B |
| Other Intangible Assets | 49.68B | 29.18B | 27.45B | 32.75B | 43.05B | 43.55B |
| Long-Term Accounts Receivable | 14.05B | 11.70B | 3.39B | 8.31B | 5.61B | 9.03B |
| Long-Term Deferred Tax Assets | 5.62B | 5.24B | 2.56B | 1.82B | 2.10B | 2.30B |
| Long-Term Deferred Charges | 3.39B | 3.59B | 3.65B | 2.53B | 3.20B | 3.42B |
| Other Long-Term Assets | 12.00B | 15.54B | 12.61B | 18.15B | 23.95B | 23.49B |
| Total Assets | 1.36T | 1.42T | 1.29T | 1.15T | 1.18T | 1.08T |
| Accounts Payable | 27.16B | 22.26B | 21.98B | 23.27B | 21.73B | 28.68B |
| Accrued Expenses | 110.21B | 107.19B | 97.05B | 95.71B | 96.37B | 96.59B |
| Short-Term Debt | 2.00M | 19.00M | 3.00M | |||
| Current Portion of Long-Term Debt | 185.02B | 165.91B | 97.86B | 79.16B | 88.80B | 95.23B |
| Current Portion of Leases | 9.57B | 8.71B | 8.03B | 9.22B | 8.62B | 9.06B |
| Current Income Taxes Payable | 63.43B | 49.62B | 34.48B | 21.76B | 18.85B | 13.23B |
| Current Unearned Revenue | 23.23B | 25.43B | 20.06B | 17.65B | 22.68B | 27.91B |
| Other Current Liabilities | 9.60B | 24.11B | 6.78B | 5.67B | 10.69B | 37.62B |
| Total Current Liabilities | 428.22B | 403.23B | 286.25B | 252.46B | 267.75B | 308.33B |
| Long-Term Debt | 1.96B | 63.95B | 62.30B | 61.27B | 56.46B | |
| Long-Term Leases | 26.47B | 26.33B | 22.19B | 13.96B | 15.95B | 15.18B |
| Pension & Post-Retirement Benefits | 5.32B | 5.17B | 4.36B | 4.22B | 2.95B | 2.72B |
| Long-Term Deferred Tax Liabilities | 21.68B | 17.27B | 16.44B | 17.47B | 15.15B | 12.14B |
| Other Long-Term Liabilities | 82.27B | 77.43B | 62.87B | 50.83B | 30.99B | 25.68B |
| Total Liabilities | 563.96B | 531.38B | 456.07B | 401.24B | 394.07B | 420.51B |
| Common Stock | 19.81B | 20.98B | 20.94B | 10.45B | 10.98B | 10.96B |
| Additional Paid-In Capital | 1.55B | 6.16B | 2.63B | 3.29B | 3.69B | 1.57B |
| Retained Earnings | 663.01B | 761.02B | 744.25B | 673.07B | 708.89B | 599.43B |
| Comprehensive Income & Other | 110.45B | 97.21B | 60.48B | 63.08B | 57.61B | 46.19B |
| Total Common Equity | 794.83B | 885.37B | 828.31B | 749.88B | 781.16B | 658.16B |
| Minority Interest | 1.72B | 2.51B | 2.14B | 1.34B | 589.00M | 515.00M |
| Shareholders' Equity | 796.55B | 887.88B | 830.45B | 751.22B | 781.75B | 658.67B |
| Total Liabilities & Equity | 1.36T | 1.42T | 1.29T | 1.15T | 1.18T | 1.08T |
| Total Debt | 221.06B | 202.91B | 192.03B | 164.65B | 174.67B | 175.93B |
| Net Cash (Debt) | 214.49B | 340.32B | 341.20B | 243.14B | 225.79B | 168.91B |
| Net Cash Per Share | 20.72 | 32.40 | 32.53 | 22.91 | 20.57 | 15.41 |
| Filing Date Shares Outstanding | 9.89B | 10.48B | 10.46B | 10.44B | 10.96B | 10.93B |
| Total Common Shares Outstanding | 9.89B | 10.48B | 10.46B | 10.44B | 10.96B | 10.93B |
| Working Capital | 299.96B | 423.12B | 491.52B | 398.20B | 393.34B | 312.42B |
| Book Value Per Share | 80.34 | 84.51 | 79.19 | 71.84 | 71.30 | 60.19 |
| Tangible Book Value | 335.96B | 468.79B | 475.85B | 401.13B | 430.15B | 367.61B |
| Tangible Book Value Per Share | 33.96 | 44.75 | 45.49 | 38.43 | 39.26 | 33.62 |
| Land | 4.40B | 4.40B | 4.37B | 4.38B | 4.86B | 4.81B |
| Buildings | 53.29B | 53.23B | 52.56B | 47.02B | 47.70B | 40.69B |
| Machinery | 124.30B | 125.30B | 126.83B | 128.29B | 143.80B | 146.43B |
| Construction In Progress | 6.16B | 4.56B | 2.21B | 7.48B | 6.32B | 16.29B |
Cash flow statement
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 131.73B | 131.97B | 131.35B | 110.45B | 113.50B | 122.19B |
| Depreciation & Amortization | 31.30B | 28.26B | 28.42B | 32.37B | 31.59B | 30.91B |
| Loss (Gain) From Sale of Assets | -132.00M | -393.00M | -606.00M | -2.07B | -83.00M | -313.00M |
| Asset Writedown & Restructuring Costs | 851.00M | 851.00M | 1.16B | 1.70B | 1.82B | |
| Loss (Gain) From Sale of Investments | -6.42B | -8.12B | -8.69B | -4.42B | -1.29B | -3.84B |
| Loss (Gain) on Equity Investments | -136.00M | -257.00M | -254.00M | 233.00M | 57.00M | -57.00M |
| Stock-Based Compensation | 4.71B | 4.46B | 5.55B | 5.58B | 3.97B | 4.11B |
| Provision & Write-off of Bad Debts | 602.00M | 2.84B | 324.00M | 640.00M | -604.00M | |
| Other Operating Activities | 6.19B | 3.63B | 1.90B | 14.31B | -4.39B | -5.71B |
| Change in Accounts Receivable | -10.53B | -25.94B | 563.00M | 13.74B | 1.18B | -43.23B |
| Change in Inventory | -96.00M | 184.00M | 213.00M | 287.00M | 162.00M | -256.00M |
| Change in Accounts Payable | 7.29B | 8.48B | 548.00M | -435.00M | -9.82B | 9.70B |
| Change in Unearned Revenue | -1.71B | 3.56B | 2.34B | -5.05B | -6.52B | 3.83B |
| Change in Other Net Operating Assets | -3.40B | -205.00M | 6.61B | 8.87B | 1.05B | -6.53B |
| Operating Cash Flow | 160.25B | 149.32B | 169.43B | 176.22B | 130.60B | 110.80B |
| Capital Expenditures | -17.13B | -15.60B | -14.74B | -10.51B | -14.83B | -20.15B |
| Sale of Property, Plant & Equipment | 289.00M | 758.00M | 1.82B | 4.02B | 546.00M | 736.00M |
| Cash Acquisitions | -59.00B | -26.03B | -964.00M | -5.29B | -45.57B | -129.85B |
| Divestitures | 11.00M | |||||
| Investment in Securities | 55.67B | -21.43B | -95.06B | 3.04B | -65.75B | -60.10B |
| Other Investing Activities | 30.98B | 28.88B | 28.21B | 20.41B | 41.52B | -15.13B |
| Investing Cash Flow | 10.81B | -33.42B | -80.73B | 11.68B | -84.06B | -224.50B |
| Long-Term Debt Issued | 253.09B | 195.59B | 120.50B | 161.03B | 260.12B | |
| Long-Term Debt Repaid | -271.40B | -188.15B | -140.62B | -178.62B | -201.54B | |
| Lease Payments | -12.17B | -11.56B | -10.47B | -10.06B | -9.71B | -9.73B |
| Net Debt Issued (Repaid) | 33.39B | -18.31B | 7.45B | -20.12B | -17.59B | 58.58B |
| Issuance of Common Stock | 42.00M | 33.00M | 27.00M | 13.00M | 12.00M | 6.00M |
| Repurchase of Common Stock | -150.51B | -145.17B | ||||
| Common Dividends Paid | -82.64B | -115.21B | -62.75B | -5.22B | -32.81B | -5.47B |
| Other Financing Activities | -12.29B | -7.77B | -8.69B | -12.07B | -10.49B | -6.53B |
| Financing Cash Flow | -212.01B | -141.26B | -63.96B | -182.57B | -60.88B | 46.59B |
| Foreign Exchange Rate Adjustments | 5.13B | 8.95B | 290.00M | -239.00M | 2.37B | 1.28B |
| Net Cash Flow | -35.82B | -16.42B | 25.02B | 5.09B | -11.97B | -65.83B |
| Free Cash Flow | 143.12B | 133.71B | 154.69B | 165.71B | 115.77B | 90.64B |
| Free Cash Flow Margin | 14.75% | 14.44% | 17.36% | 18.46% | 12.79% | 11.46% |
| Free Cash Flow Per Share | 13.83 | 12.73 | 14.75 | 15.62 | 10.54 | 8.27 |
| Levered Free Cash Flow | 104.91B | 115.36B | 121.51B | 118.68B | 81.91B | 55.52B |
| Unlevered Free Cash Flow | 110.60B | 120.30B | 127.29B | 123.84B | 86.80B | 58.85B |
| Free Cash Flow After Leases | 130.95B | 122.15B | 144.22B | 155.65B | 106.06B | 80.91B |
| Cash Interest Paid | 8.70B | 6.34B | 8.69B | 10.46B | 8.71B | 5.09B |
| Cash Income Tax Paid | 25.28B | 26.25B | 26.18B | 15.36B | 30.22B | 25.69B |
| Change in Working Capital | -8.44B | -13.92B | 10.27B | 17.41B | -13.95B | -36.49B |
Ratios
Fiscal year April - March; amounts in INR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 20.34B | 20.95B | 32.09B | 30.07B | 24.37B | 42.64B |
| Enterprise Value | 18.10B | 16.97B | 27.80B | 27.63B | 21.99B | 40.21B |
| Last Close Price | 2.16 | 2.10 | 2.91 | 2.69 | 2.10 | 3.56 |
| PE Ratio | 16.02 | 14.89 | 20.87 | 22.68 | 17.63 | 26.48 |
| PS Ratio | 2.02 | 2.12 | 3.08 | 2.79 | 2.21 | 4.09 |
| PB Ratio | 2.46 | 2.21 | 3.30 | 3.33 | 2.56 | 4.91 |
| P/TBV Ratio | 5.83 | 4.19 | 5.76 | 6.25 | 4.65 | 8.80 |
| P/FCF Ratio | 13.54 | 14.70 | 17.72 | 15.12 | 17.28 | 35.70 |
| P/OCF Ratio | 12.09 | 13.16 | 16.18 | 14.22 | 15.32 | 29.21 |
| EV/Sales Ratio | 1.80 | 1.72 | 2.67 | 2.56 | 2.00 | 3.86 |
| EV/EBITDA Ratio | 9.73 | 9.30 | 13.83 | 13.69 | 10.82 | 18.46 |
| EV/EBIT Ratio | 11.24 | 10.63 | 15.89 | 16.95 | 13.35 | 22.71 |
| EV/FCF Ratio | 12.05 | 11.90 | 15.36 | 13.89 | 15.60 | 33.66 |
| Debt / Equity Ratio | 0.28 | 0.23 | 0.23 | 0.22 | 0.22 | 0.27 |
| Debt / EBITDA Ratio | 1.19 | 1.14 | 1.08 | 0.98 | 1.05 | 1.06 |
| Debt / FCF Ratio | 1.54 | 1.52 | 1.24 | 0.99 | 1.51 | 1.94 |
| Net Debt / Equity Ratio | -0.27 | -0.38 | -0.41 | -0.32 | -0.29 | -0.26 |
| Net Debt / EBITDA Ratio | -1.20 | -1.99 | -1.99 | -1.45 | -1.35 | -1.02 |
| Net Debt / FCF Ratio | -1.50 | -2.54 | -2.21 | -1.47 | -1.95 | -1.86 |
| Asset Turnover | 0.73 | 0.69 | 0.73 | 0.77 | 0.80 | 0.83 |
| Inventory Turnover | 876.30 | 1,083.72 | 771.77 | 602.86 | 511.85 | 463.61 |
| Quick Ratio | 1.60 | 1.96 | 2.60 | 2.44 | 2.33 | 1.79 |
| Current Ratio | 1.70 | 2.05 | 2.72 | 2.58 | 2.47 | 2.01 |
| Return on Equity (ROE) | 15.94% | 15.44% | 16.71% | 14.50% | 15.78% | 20.16% |
| Return on Assets (ROA) | 7.26% | 6.91% | 7.66% | 7.29% | 7.50% | 8.79% |
| Return on Invested Capital (ROIC) | 20.11% | 22.08% | 22.65% | 19.27% | 19.91% | 27.03% |
| Return on Capital Employed (ROCE) | 16.70% | 14.70% | 14.90% | 15.10% | 14.90% | 17.40% |
| Earnings Yield | 6.24% | 6.72% | 4.79% | 4.41% | 5.67% | 3.78% |
| FCF Yield | 7.39% | 6.80% | 5.64% | 6.62% | 5.79% | 2.80% |
| Dividend Yield | 3.58% | 5.87% | 2.29% | 0.42% | 0.27% | 1.01% |
| Payout Ratio | 57.65% | 87.29% | 47.77% | 4.72% | 28.91% | 4.47% |
| Buyback Yield / Dilution | 1.38% | -0.14% | 1.15% | 3.34% | -0.13% | 3.17% |
| Total Shareholder Return | 4.95% | 5.73% | 3.44% | 3.76% | 0.15% | 4.19% |