WITWipro Limited

$1.83

Is the business good?

How good a business is WIT?

Wipro Limited earns 14% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

14%

Return on invested capital · cost of capital 9.0% · 4.9 points above what the capital costs: growth creates value

Operating margin
17%

Operating margin · Information Technology Services median 7.9% · fiscal year to FY2025

Cash conversion
1.18×

Cash conversion · 1.50× a year ago · every dollar of reported profit arrived as cash, and more

Share count, year on year
−1.1%

Share count, year on year · bought back, each share owns more of the company

Operating margin by fiscal year
YearOperating margin
FY202017%
FY202120%
FY202218%
FY202315%
FY202415%
FY202517%
Details
Gross marginfiscal year to FY2025
31%
Operating marginfiscal year to FY2025
17%
Net marginfiscal year to FY2025
15%
Free cash flow margin
17%
Revenue, trailing twelve months
$890.9B
Free cash flow, trailing twelve months
$154.7B
Net income, trailing twelve months
$131.4B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
14%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.