Wipro financials and balance sheet

NSE: WIPROBSE: 507685IT - SoftwareLarge Cap

₹189.84₹0.57 (0.30%)BSE ₹189.75

Share price at the NSE close on 23 Oct 2026. Previous close ₹190.41.

52-week range of traded prices to 23 Oct 2026

₹156.79Low, 29 Sep 2026₹273.10High, 22 Dec 2025

Market cap: ₹1,88,041 Cr40th largest listed
P/E: 14.3
P/B: 2.4
Dividend yield: 4.21%
ROE: 16.0%
ROCE: 15.9%
Debt to equity: 0.23
Volume, NSE: 2,76,80,35139.1% delivered

10 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Wipro annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Peak revenue ₹92,624 Cr, year to Mar 2026

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 5.9% of operating profit in the first full year.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue92,624
Materials and goods−593
Employee costs−55,586
Other expenses−18,635
Operating profit17,811
Depreciation−2,911
Other income+3,874
One-off items0.0
Finance costs−1,458
Profit before tax17,317
Tax−4,077
Joint ventures+26
Net profit13,266

What the company owns

Plant, investments and other assets₹73,442 Cr
Current investments₹43,768 Cr
Receivables₹13,590 Cr
Cash and bank₹10,556 Cr
Inventory₹52 Cr

What pays for it: net worth and liabilities

Net worth₹88,269 Cr
Other liabilities₹30,062 Cr
Borrowings₹16,787 Cr
Owed to suppliers₹6,289 Cr

Wipro business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them. A segment at a loss has no share of profit.Wipro segment results by quarter

Revenue by segment

₹92,809 CrTotal

Americas 1₹30,557 Cr32.9% of total
Americas 2₹26,908 Cr29.0% of total
Europe₹24,417 Cr26.3% of total
APMEA₹10,234 Cr11.0% of total
IT Products₹694 Cr0.7% of total

Profit by segment

Americas 1₹6,290 Cr38.7% of total
Americas 2₹5,314 Cr32.7% of total
Europe₹3,108 Cr19.1% of total
APMEA₹1,496 Cr9.2% of total
IT Products₹56 Cr0.3% of total

Segment results by year

Consolidated, ₹ crore, years to March.

Americas 1
Revenue, ₹ crore
17,809
21,787
26,127
26,823
28,182
30,557
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
3,304
4,282
4,926
5,936
5,819
6,290
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Americas 2
Revenue, ₹ crore
17,982
23,940
27,837
26,948
27,197
26,908
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
4,159
4,738
5,657
5,916
6,133
5,314
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Europe
Revenue, ₹ crore
16,544
23,344
25,685
25,393
24,008
24,417
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
3,167
3,574
3,505
3,335
2,943
3,108
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
APMEA
Revenue, ₹ crore
8,246
9,110
10,099
10,218
9,435
10,234
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
1,148
1,052
895
1,262
1,285
1,496
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
IT Products
Revenue, ₹ crore
1,231
1,101
769
617
605
413
269
694
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
−105
−28
5
12
−18
−37
−17
56
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
ISRE
Revenue, ₹ crore
854
840
891
730
582
0
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
−183
−182
106
117
44
0
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Other operating income/(loss), net
Revenue, ₹ crore
114
−8
0
0
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
114
−8
219
0
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Reconciling Items
Revenue, ₹ crore
−5
−5
1
0
0
0
0
0
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
29
16
−88
5
−144
−773
−20
−795
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	59,345	61,460	62,243	79,529	90,935	89,794	89,092	92,809
Company revenue, as in its results	59,019	61,138	61,943	79,312	90,488	89,760	89,088	92,624
Revenue	–	–	17,809	21,787	26,127	26,823	28,182	30,557
Revenue growth	–	–	–	22.3%	19.9%	2.7%	5.1%	8.4%
Profit	–	–	3,304	4,282	4,926	5,936	5,819	6,290
Profit growth	–	–	–	29.6%	15.0%	20.5%	−2.0%	8.1%
Margin	–	–	18.6%	19.7%	18.9%	22.1%	20.6%	20.6%
Revenue	–	–	17,982	23,940	27,837	26,948	27,197	26,908
Revenue growth	–	–	–	33.1%	16.3%	−3.2%	0.9%	−1.1%
Profit	–	–	4,159	4,738	5,657	5,916	6,133	5,314
Profit growth	–	–	–	13.9%	19.4%	4.6%	3.7%	−13.4%
Margin	–	–	23.1%	19.8%	20.3%	22.0%	22.5%	19.7%
Revenue	–	–	16,544	23,344	25,685	25,393	24,008	24,417
Revenue growth	–	–	–	41.1%	10.0%	−1.1%	−5.5%	1.7%
Profit	–	–	3,167	3,574	3,505	3,335	2,943	3,108
Profit growth	–	–	–	12.8%	−1.9%	−4.8%	−11.8%	5.6%
Margin	–	–	19.1%	15.3%	13.6%	13.1%	12.3%	12.7%
Revenue	–	–	8,246	9,110	10,099	10,218	9,435	10,234
Revenue growth	–	–	–	10.5%	10.9%	1.2%	−7.7%	8.5%
Profit	–	–	1,148	1,052	895	1,262	1,285	1,496
Profit growth	–	–	–	−8.3%	−15.0%	41.1%	1.8%	16.4%
Margin	–	–	13.9%	11.6%	8.9%	12.4%	13.6%	14.6%
Revenue	1,231	1,101	769	617	605	413	269	694
Revenue growth	–	−10.6%	−30.2%	−19.7%	–	–	–	–
Profit	−105	−28	5	12	−18	−37	−17	56
Profit growth	–	–	–	155.6%	–	–	–	–
Margin	−8.5%	−2.6%	0.6%	1.9%	−2.9%	−9.0%	−6.4%	8.1%
Revenue	854	840	891	730	582	–	–	0
Revenue growth	–	−1.7%	6.1%	−18.1%	–	–	–	–
Profit	−183	−182	106	117	44	–	–	0
Profit growth	–	–	–	10.6%	–	–	–	–
Margin	−21.4%	−21.7%	11.9%	16.1%	7.6%	–	–	–
Revenue	–	114	−8	0	–	–	–	0
Profit	–	114	−8	219	–	–	–	0
Margin	–	100.0%	–	–	–	–	–	–
Revenue	−5	−5	1	0	0	0	0	0
Profit	29	16	−88	5	−144	−773	−20	−795
Margin	–	–	−6,776.9%	–	–	–	–	–
Revenue	17,526	18,446	–	–	–	–	–	–
Revenue growth	–	5.2%	–	–	–	–	–	–
Profit	3,383	3,413	–	–	–	–	–	–
Profit growth	–	0.9%	–	–	–	–	–	–
Margin	19.3%	18.5%	–	–	–	–	–	–
Revenue	8,931	9,701	–	–	–	–	–	–
Revenue growth	–	8.6%	–	–	–	–	–	–
Profit	1,683	1,673	–	–	–	–	–	–
Profit growth	–	−0.6%	–	–	–	–	–	–
Margin	18.8%	17.2%	–	–	–	–	–	–
Revenue	7,659	7,590	–	–	–	–	–	–
Revenue growth	–	−0.9%	–	–	–	–	–	–
Profit	1,592	1,431	–	–	–	–	–	–
Profit growth	–	−10.1%	–	–	–	–	–	–
Margin	20.8%	18.9%	–	–	–	–	–	–
Revenue	7,508	7,824	–	–	–	–	–	–
Revenue growth	–	4.2%	–	–	–	–	–	–
Profit	864	1,203	–	–	–	–	–	–
Profit growth	–	39.2%	–	–	–	–	–	–
Margin	11.5%	15.4%	–	–	–	–	–	–
Revenue	7,283	7,644	–	–	–	–	–	–
Revenue growth	–	5.0%	–	–	–	–	–	–
Profit	708	1,218	–	–	–	–	–	–
Profit growth	–	72.0%	–	–	–	–	–	–
Margin	9.7%	15.9%	–	–	–	–	–	–
Revenue	4,650	4,816	–	–	–	–	–	–
Revenue growth	–	3.6%	–	–	–	–	–	–
Profit	833	925	–	–	–	–	–	–
Profit growth	–	11.1%	–	–	–	–	–	–
Margin	17.9%	19.2%	–	–	–	–	–	–
Revenue	3,268	3,384	–	–	–	–	–	–
Revenue growth	–	3.5%	–	–	–	–	–	–
Profit	440	534	–	–	–	–	–	–
Profit growth	–	21.4%	–	–	–	–	–	–
Margin	13.5%	15.8%	–	–	–	–	–	–
Revenue	434	–	–	–	–	–	–	–
Profit	434	–	–	–	–	–	–	–
Margin	100.0%	–	–	–	–	–	–	–
	0	0	0	0	0	0	0	0
Profit	314	258	515	43	−904	−2,030	−1,016	−343
Assets	0	0	0	0	0	0	0	0
Liabilities	0	0	0	0	0	0	0	0

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March.Wipro quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 17 Apr	Mar 2020Filed 17 Apr	Mar 2021Filed 15 Apr	Mar 2022Filed 30 Apr	Mar 2023Filed 28 Apr	Mar 2024Filed 22 Apr	Mar 2025Filed 10 Jun	Mar 2026Filed 16 Apr
Revenue from operations	55,421	54,487	59,019	61,138	61,943	79,312	90,488	89,760	89,088	92,624
	44,128	–	47,402	48,795	47,164	62,628	73,634	72,985	71,067	74,813
Materials and goods bought	2,697	1,894	1,340	1,138	727	637	664	411	316	593
Employee costs	26,808	–	29,977	32,657	33,237	45,008	53,764	54,930	53,348	55,586
Other expenses	14,622	–	16,085	15,000	13,199	16,984	19,205	17,643	17,403	18,635
Operating profit before depreciation	11,293	–	11,617	12,342	14,780	16,684	16,854	16,776	18,021	17,811
Operating margin	20.4%	–	19.7%	20.2%	23.9%	21.0%	18.6%	18.7%	20.2%	19.2%
Materials, % of revenue	4.9%	–	2.3%	1.9%	1.2%	0.8%	0.7%	0.5%	0.4%	0.6%
Employee costs, % of revenue	48.4%	–	50.8%	53.4%	53.7%	56.7%	59.4%	61.2%	59.9%	60.0%
Other expenses, % of revenue	26.4%	–	27.3%	24.5%	21.3%	21.4%	21.2%	19.7%	19.5%	20.1%
Depreciation and amortisation	2,310	–	1,947	2,086	2,763	3,078	3,340	3,407	2,958	2,911
Operating profit after depreciation	8,983	–	9,670	10,257	12,016	13,606	13,513	13,369	15,063	14,901
Other income	2,574	2,549	2,614	2,725	2,383	2,061	2,266	2,631	3,884	3,874
Finance costs	518	583	738	733	509	533	1,008	1,255	1,477	1,458
One-off items	0	0	0	0	0	0	0	0	0	0
Profit before tax	11,039	10,241	11,547	12,249	13,890	15,135	14,771	14,744	17,470	17,317
	2,521	2,239	2,524	2,480	3,035	2,897	3,399	3,609	4,278	4,077
Current tax	2,650	2,633	2,365	2,432	2,607	3,242	3,220	3,497	4,541	4,267
Deferred tax	−129	−394	159	48	428	−344	179	112	−263	−190
Share of profit of joint ventures and associates	–	–	−4	3	13	6	−6	−23	25	26
	8,518	8,003	9,018	9,772	10,868	12,243	11,367	11,112	13,218	13,266
Belonging to the company's shareholders	8,518	8,003	9,004	9,722	10,796	12,230	11,350	11,045	13,135	13,197
Belonging to outside owners of subsidiaries	–	–	14	50	72	14	17	67	83	68
Other comprehensive income	–	–	80	426	682	1,145	1,074	706	415	3,552
Total comprehensive income	–	–	9,098	10,198	11,550	13,389	12,440	11,818	13,633	16,818
Net margin	15.4%	14.7%	15.3%	16.0%	17.5%	15.4%	12.6%	12.4%	14.8%	14.3%
Net margin without joint ventures and associates	–	–	15.3%	16.0%	17.5%	15.4%	12.6%	12.4%	14.8%	14.3%

Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2018: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Balance sheet

Consolidated, ₹ crore, at 31 March. The last column is the half year to Sep 2026, after the latest full year: the balance sheet at its end.

₹ crore	Mar 2019Filed 17 Apr	Mar 2020Filed 17 Apr	Mar 2021Filed 15 Apr	Mar 2022Filed 30 Apr	Mar 2023Filed 28 Apr	Mar 2024Filed 22 Apr	Mar 2025Filed 10 Jun	Mar 2026Filed 16 Apr	Sep 2026Half yearFiled 15 Oct
	56,686	55,509	55,051	65,455	77,727	74,667	82,578	88,269	79,131
	56,423	55,322	54,901	65,403	77,668	74,533	82,364	88,018	78,959
Share capital	1,207	1,143	1,096	1,096	1,098	1,045	2,094	2,098	1,981
Reserves	55,216	54,179	53,805	64,307	76,570	73,488	80,270	85,921	76,978
Belonging to outside owners of subsidiaries	264	188	150	52	59	134	214	251	172
	9,645	5,886	6,782	15,170	15,009	14,147	16,182	16,787	18,502
Repayable after a year	2,837	484	746	5,646	6,127	6,230	6,395	196	0
Repayable within a year	6,809	5,402	6,036	9,523	8,882	7,917	9,786	16,591	18,502
	21,435	21,639	23,004	30,833	26,775	25,246	28,625	40,323	42,822
Trade payables	6,266	5,840	5,417	6,252	5,972	5,766	5,867	6,289	6,971
Other financial liabilities	3,061	5,360	5,042	7,926	4,492	4,296	4,246	6,307	4,727
Other liabilities	3,240	2,528	3,229	4,000	3,701	3,289	3,515	4,227	4,166
Provisions	1,106	1,336	1,548	1,808	1,843	1,803	1,764	1,946	2,113
Tax owed	954	1,173	1,732	1,323	1,885	2,176	3,448	4,962	6,343
	4,804	4,130	4,677	11,218	12,632	14,878	16,982	12,815	13,574
Other financial liabilities	0	1,293	1,580	1,819	1,878	1,895	2,999	3,307	3,505
Other liabilities	1,420	1,698	1,585	2,267	2,816	4,584	5,478	6,607	6,889
Provisions	208	377	306	272	295	422	466	539	545
Deferred tax	338	279	461	1,214	1,515	1,747	1,644	1,727	2,168
Trade payables	0	0	–	0	0	0	0	439	469
	82,925	81,279	82,732	1,07,505	1,17,134	1,14,791	1,28,185	1,41,408	1,35,527
Held for sale or for a demerger	24	–	–	–	–	–	–	–	–
	25,734	29,294	30,414	45,430	51,024	49,724	50,408	58,772	62,709
Plant in use, after depreciation	4,767	6,062	8,217	9,348	10,104	9,208	10,407	10,551	–
Plant being built	2,142	1,881	1,853	1,602	617	723	196	412	–
Intangible assets	1,376	1,636	1,309	4,356	4,305	3,275	2,745	2,918	4,968
Goodwill	11,322	12,689	13,515	24,286	30,349	31,145	32,035	38,221	40,394
Investments	692	930	1,058	1,911	2,072	2,163	2,646	2,805	2,773
Stakes in joint ventures and associates	124	138	146	77	78	104	133	213	223
Other financial assets	532	588	610	609	636	558	466	1,369	1,665
Deferred tax	560	601	166	230	210	182	256	524	562
Trade receivables	437	605	436	477	86	405	30	35	0
Other assets	3,783	4,163	3,104	2,536	2,568	1,962	1,494	1,724	1,300
	57,167	51,985	52,319	62,075	66,110	65,066	77,778	82,635	72,818
Inventories	395	187	106	133	119	91	69	52	84
Trade receivables	10,049	10,447	9,430	11,522	12,635	11,548	11,775	13,590	12,906
Cash and cash equivalents	15,853	14,450	16,979	10,384	9,188	9,695	12,197	10,556	9,502
Current investments	22,072	18,964	17,571	24,166	30,923	31,117	41,147	43,768	34,153
Other financial assets	4,242	3,685	3,843	10,676	7,146	7,021	7,455	8,796	9,430
Tax paid in advance	744	288	246	237	509	648	642	1,076	1,218
Other assets	3,812	3,965	4,143	4,958	5,590	4,946	4,492	4,798	5,526
Net debt	−28,279	−27,527	−27,768	−19,380	−25,102	−26,666	−37,163	−37,536	−25,152

Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March. The last column is the half year to Sep 2026, after the latest full year: the cash flow over its six months.

₹ crore	Mar 2021Filed 15 Apr	Mar 2022Filed 30 Apr	Mar 2023Filed 28 Apr	Mar 2024Filed 22 Apr	Mar 2025Filed 10 Jun	Mar 2026Filed 16 Apr	Sep 2026Half yearFiled 15 Oct
	14,755	11,080	13,060	17,622	16,943	14,932	8,593
	17,247	13,648	16,082	19,158	19,560	17,556	9,522
	2,292	−3,649	−1,456	1,805	1,027	−1,392	−241
Receivables	1,285	−1,183	−99	846	189	−1,144	887
Inventories	80	−26	16	29	21	18	−32
Payables	570	970	−982	−44	55	848	−3
Other working capital	357	−3,409	−391	974	762	−1,115	−1,092
Tax paid	−2,492	−2,569	−3,022	−1,536	−2,618	−2,625	−929
Capital spending	1,958	2,015	1,483	1,051	1,474	1,560	764
Free cash flow	12,797	9,064	11,577	16,571	15,469	13,371	7,829
	774	−22,450	−8,407	1,168	−8,073	−3,342	7,229
Plant and property sold	75	74	55	402	182	76	21
Companies bought	−987	−12,985	−4,557	−529	−96	−2,603	−3,297
Interest received	1,962	1,228	1,411	2,011	2,621	2,888	1,747
Dividends received	0	0	0	0	230	0	0
	−12,884	4,659	−6,088	−18,257	−6,396	−14,126	−16,936
Borrowings raised	10,342	26,012	16,103	12,050	19,560	25,309	21,186
Borrowings repaid	−9,721	−19,181	−16,891	−13,056	−17,767	−25,984	−19,594
Interest paid	−334	−509	−871	−1,046	−869	−634	−553
Lease payments	−866	−973	−971	−1,006	−1,047	−1,156	−623
Dividends paid	546	660	3,281	554	6,275	11,578	2,019
Shares bought back	11,664	0	0	–	0	0	15,051
Shares issued	0	1	1	1	3	3	3
Net change in cash	2,645	−6,711	−1,435	533	2,473	−2,537	−1,114

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020. Shares bought back is left blank for the year to Mar 2024: the cash-flow statement states no buyback, while the company bought back shares in a tender offer that closed in the period, so the line is not given.

Consolidated, ₹ per share, years to March.Wipro dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 17 Apr	Mar 2020Filed 17 Apr	Mar 2021Filed 15 Apr	Mar 2022Filed 30 Apr	Mar 2023Filed 28 Apr	Mar 2024Filed 22 Apr	Mar 2025Filed 10 Jun	Mar 2026Filed 16 Apr
	₹6.56	₹6.32	₹7.50	₹8.34	₹9.56	₹11.19	₹10.37	₹10.45	₹12.56	₹12.60
As stated that year	₹34.97	₹16.85	₹14.99	₹16.67	₹19.11	₹22.37	₹20.73	₹20.89	₹12.56	₹12.60
	₹6.54	₹6.31	₹7.48	₹8.32	₹9.54	₹11.16	₹10.34	₹10.41	₹12.52	₹12.56
As stated that year	₹34.87	₹16.82	₹14.95	₹16.63	₹19.07	₹22.31	₹20.68	₹20.82	₹12.52	₹12.56
	₹0.38	₹0.38	₹0.38	₹0.50	₹0.50	₹3.00	₹0.50	₹0.50	₹6.00	₹11.00
As declared that year	₹2.00	₹1.00	₹1.00	₹1.00	₹1.00	₹6.00	₹1.00	₹1.00	₹6.00	₹11.00
	–	–	₹46.75	₹48.41	₹50.10	₹59.65	₹70.76	₹71.32	₹78.65	₹83.92
On that year's share count	–	–	₹93.51	₹96.83	₹100.20	₹119.31	₹141.52	₹142.65	₹78.65	₹83.92
Dividend payout	5.7%	5.7%	5.0%	5.9%	5.1%	26.9%	4.8%	4.7%	47.8%	87.4%
Shareholder yield	–	–	–	–	5.2%	0.2%	1.6%	–	2.3%	5.9%
Market cap at the year end (₹ crore)	1,25,360	1,27,174	1,53,730	1,12,375	2,36,701	3,24,437	2,00,404	2,50,824	2,74,556	1,96,775

Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from. Shareholder yield is left blank for the year to Mar 2024: the cash-flow statement states no buyback, while the company bought back shares in a tender offer that closed in the period, so the line is not given.

Ratios

Consolidated, years to March.Wipro PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 17 Apr	Mar 2020Filed 17 Apr	Mar 2021Filed 15 Apr	Mar 2022Filed 30 Apr	Mar 2023Filed 28 Apr	Mar 2024Filed 22 Apr	Mar 2025Filed 10 Jun	Mar 2026Filed 16 Apr
Revenue growth	7.3%	−1.7%	8.3%	3.6%	1.3%	28.0%	14.1%	−0.8%	−0.7%	4.0%
Operating profit growth	0.8%	–	–	6.2%	19.7%	12.9%	1.0%	−0.5%	7.4%	−1.2%
Net profit growth	−4.2%	−6.0%	12.7%	8.4%	11.2%	12.7%	−7.2%	−2.2%	19.0%	0.4%
Earnings per share growth	−3.4%	−3.6%	18.6%	11.2%	14.6%	17.1%	−7.3%	0.8%	20.2%	0.3%
	–	–	16.0%	17.4%	19.6%	20.3%	15.9%	14.5%	16.7%	15.5%
	–	–	–	1.4 pts	2.2 pts	0.7 pts	−4.5 pts	−1.4 pts	2.2 pts	−1.3 pts
From the net margin	–	–	–	0.7 pts	1.7 pts	−2.3 pts	−3.8 pts	−0.3 pts	2.9 pts	−0.6 pts
From asset turnover	–	–	–	0.8 pts	0.3 pts	1.8 pts	−0.6 pts	−0.6 pts	−0.9 pts	−1.0 pts
From borrowing	–	–	–	0.0 pts	0.2 pts	1.2 pts	−0.1 pts	−0.4 pts	0.3 pts	0.3 pts
Return on capital employed	–	–	14.6%	16.7%	19.4%	16.9%	14.6%	15.1%	15.3%	14.2%
Cash conversion	–	–	–	–	135.8%	90.5%	114.9%	158.6%	128.2%	112.6%
Interest cover	17.3	–	13.1	14.0	23.6	25.6	13.4	10.7	10.2	10.2
Debt to equity	–	–	0.17	0.11	0.12	0.23	0.19	0.19	0.20	0.19
Receivable days	–	–	62	62	56	53	51	47	48	54
Inventory days	–	–	108	60	53	76	65	81	80	32
Payable days	–	–	1,707	1,873	2,719	3,585	3,281	5,120	6,772	3,874
Cash conversion cycle, days	–	–	−1,537	−1,751	−2,610	−3,455	−3,165	−4,993	−6,644	−3,788
Working capital days	–	–	29	14	5	29	33	28	23	18
Asset turnover	–	–	0.71	0.74	0.76	0.83	0.81	0.77	0.73	0.69
Assets per rupee of net worth	–	–	1.47	1.47	1.49	1.58	1.57	1.52	1.55	1.58
Sales per rupee of plant	–	–	12.38	10.09	7.54	8.48	8.96	9.75	8.56	8.78
Capital spending to depreciation	–	–	–	–	0.71	0.65	0.44	0.31	0.50	0.54
Plant being built, % of plant in use	–	–	44.9%	31.0%	22.6%	17.1%	6.1%	7.9%	1.9%	3.9%

No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 9.8%
Cash from operations against operating profit: 83.8%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	6.0%	8.4%	0.8%
Profit growth, yearly rate	4.0%	4.1%	5.2%
Return on equity, average	–	16.6%	15.6%
Return on capital employed, average	–	15.2%	14.8%
Operating margin, average	20.2%	19.6%	19.4%
Net margin, average	14.8%	13.9%	13.8%
Asset turnover, average	–	0.77	0.73
Cash conversion cycle, days, average	–	−4,409	−5,142
Interest cover, average	15.3	14.0	10.4
Debt to equity, average	–	0.20	0.19

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	73,636	49,496	14,932
Cash from investing	−41,103	−10,247	−3,342
Cash from financing	−40,209	−38,779	−14,126
Capital spending	7,584	4,085	1,560
Dividends paid	22,348	18,407	11,578
Shares bought back	–	–	0
Shares issued for cash	9	7	3
Borrowings raised	99,034	56,918	25,309
Borrowings repaid	92,879	56,807	25,984

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	7	5	6	6	8	4
Altman Z-scorePublished threshold 1.1	–	–	8.26	7.96	7.70	6.47	7.31	7.25	7.45	6.58
Beneish M-scorePublished threshold −1.78	–	–	–	–	−2.83	−2.19	−2.39	−2.82	−2.63	−2.41
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−5.68	24.82	5.98	−6.62	3.58	1.24
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	1.13	1.20	1.33	1.32
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	0.38	−11.06	−5.85	−4.43	−7.80	2.71	11.45
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	−37.74	−6.84	37.83	−15.31	14.49	−0.42	−112.92
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	−1.41	0.48	9.63	−2.90	−0.70	−0.03	2.25
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	0.56	0.38	0.38	0.15	0.29	0.05	0.13
Effective tax ratePublished threshold 17.16 per cent	22.84	21.86	21.86	20.25	21.85	19.14	23.01	24.48	24.49	23.54
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	2.17	2.55	14.06	9.50	8.39

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
11 Aug 2026	ICRA Limited (opens in a new tab)	Fund-based-Others	[ICRA]AAA /[ICRA]A1+Review, Re-affirm	Stable	11,046
11 Aug 2026	ICRA Limited (opens in a new tab)	Unallocated limits-Unallocated limits	[ICRA]AAA /[ICRA]A1+Review, Re-affirm	Stable	754.16
11 Aug 2026	ICRA Limited (opens in a new tab)	Non-fund based-Others	[ICRA]AAAReview, Re-affirm	Stable	40

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.

10 years at a glance

Revenue, net profit and borrowings, ₹ crore

Operating and net margin, per cent

Results for the year to Mar 2026

From revenue to net profit

What the company owns

What pays for it: net worth and liabilities

Wipro business segments, year to Mar 2026

Revenue by segment

Profit by segment

Segment results by year

Americas 1

Americas 2

Europe

APMEA

IT Products

ISRE

Other operating income/(loss), net

Reconciling Items