WITNYSEServices-Computer Programming ServicesFiscal year ends March 31
WIPRO LTD
Financials through fiscal 2025, year ended Mar 31, 2025Last filing: 20-F on Jun 2, 2026
$1.93−0.02 (-1.03%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
30.7%+2.1 pts over 5 years
Operating margin
17.0%−0.3 pts over 5 years
Net margin
14.7%−1.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -0.7% | +4.0% | +7.9% | – | |
| Gross profit | +2.6% | +5.1% | +9.4% | – | |
| Operating income | +11.1% | +2.5% | +7.4% | – | |
| Net income | +18.9% | +2.4% | +6.2% | – | |
| EPS, diluted | +20.3% | +4.0% | +8.5% | – | |
| Free cash flow | -6.6% | +19.5% | +14.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 17.3% | 16.6% | |
| Return on assets | – | 11.8% | 10.8% | |
| Current ratio | – | 2.40 | 2.72 | |
| Debt to equity | – | 0.14 | 0.20 | |
| Net debt to EBITDA | – | -0.52× | 0.22× | |
| Interest coverage | 18.0× | 14.4× | 10.2× | |
| Inventory turnover | – | 150.0× | 771.8× | |
| Capex to revenue | 2.7% | 3.9% | 1.7% | |
| Diluted shares | 13.13B | 11.70B | 10.49B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Wipro generated ₹734.59B from operations and spent ₹431.89B on capital expenditure, dividends and share buybacks. 18% of that went back into the business.
Generated
₹734.59B
Used
₹431.89B
Capital expenditure₹79.81B18%Dividends₹111.71B26%Share buybacks₹240.37B56%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin14.7%
×Asset turnover0.73×
×Equity multiplier1.55×
=Return on equity, FY202516.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 14.7% | 0.73× | 1.55× | 16.6% |
| FY2024 | 12.3% | 0.77× | 1.52× | 14.4% |
| FY2023 | 12.5% | 0.80× | 1.57× | 15.8% |
| FY2022 | 15.4% | 0.83× | 1.58× | 20.2% |
| FY2021 | 17.4% | 0.75× | 1.48× | 19.4% |
| FY2020 | 15.9% | 0.74× | 1.47× | 17.3% |
| FY2019 | 15.4% | 0.74× | 1.52× | 17.1% |
| FY2018 | 14.7% | 0.70× | 1.55× | 16.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
9of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero₹131.35B
- Cash generatingOperating cash flow above zero₹169.43B
- Return on assets improvedROA up on the prior year9.4% → 11.4%
- Earnings backed by cashOperating cash flow above net income₹169.43B vs ₹131.35B
- Less leverageLong-term debt to assets fell5.4% → 5.0%
- Better liquidityCurrent ratio rose2.58 → 2.72
- No dilutionShare count did not rise10.61B → 10.49B
- Gross margin improvedGross margin up on the prior year29.65% → 30.65%
- More efficientAsset turnover rose0.76 → 0.77