Wipro
NSE: WIPROComputers - Software & Consulting
Share price
₹158.38
-0.76% close of 8 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 8 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
66
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹1.66L Cr
P/E ratio
12.6
P/B ratio
1.9
ROCE
17.8%
ROE
15.5%
Dividend yield
6.9%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 6.4% over the past year, and 9.8% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 19.9% to 19.2% over the last four years.
Whether it grew faster than its sector
It grew 9.8% a year against a sector median of 14.5% — 4.7 percentage points slower.
Room to re-rate, or risk of de-rating
At 12.6× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 17.6×, across 5 companies. It is against its own five-year median of 19.4×, the 0th percentile of its own range.
Whether growth justifies the valuation
Priced at 2.5 times its growth rate, on earnings growth of 5%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Wipro — this one | 5%/yr | 12.6× | ₹2.5 |
| Tata Consultancy Services | 8%/yr | 14.0× | ₹1.7 |
| Infosys | 8%/yr | 12.9× | ₹1.6 |
| HCL Technologies | 6%/yr | 17.6× | ₹2.9 |
| Tech Mahindra | 1%/yr | 24.9× | ₹24.9 |
| LTIMindtree Limited | 7%/yr | 20.9× | ₹3.0 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Computers - Software & Consulting), it ranks 28 of 53 on returns, 36 of 49 on growth, 26 of 52 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 17.8% on capital, ahead of 47% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹73637 crore of cash from the business, spent ₹6827 crore on plant and equipment, and returned ₹40208 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 115 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being paid 15 days before it paid its own suppliers to paid 47 days before it paid its own suppliers.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
9 of 9 checks clear · 100%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Revenue rose 10.6% year over year while net profit was nearly flat.
Announced 16 Jul 2026 · Consolidated · Audited
Revenue
₹24,479 Cr
Revenue vs last year
+10.6%
Revenue vs last quarter
+1.0%
Net profit
₹3,356 Cr
Profit vs last year
+0.6%
Profit vs last quarter
-4.7%
Net margin
13.7%
EPS
₹3.20
Earnings call transcript · 16 Jul 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹1.66L Cr
- Prev close
- ₹158.38
- 52w High
- ₹273
- 52w Low
- ₹157
- Enterprise value
- ₹1.32L Cr
- Beta
- 0.9
- Price CAGR 1y
- -34.0%
- Price CAGR 3y
- -8.0%
- Price CAGR 5y
- -14.0%
- Price CAGR 10y
- 6.0%
Ratios
- Return on assets
- 9.4%
- PEG ratio
- 2.4
- P/E ratio
- 12.6
- P/B ratio
- 1.9
- EV / EBITDA
- 7.3
- Industry P/E
- 18.1
- ROCE
- 17.8%
- ROCE 5y average
- 18.8%
- ROE
- 15.5%
- Debt / Equity
- 0.2
- Interest coverage
- 12.9
- Dividend yield
- 6.9%
- ROE 3y average
- 16.0%
- ROE last year
- 15.0%
Annual P&L
- Annual revenue
- ₹92,624 Cr
- Annual profit
- ₹13,266 Cr
- Operating margin
- 19.0%
- Net profit margin
- 14.3%
- EBITDA margin
- 19.2%
- Sales growth 3y
- 0.8%
- Sales growth 5y
- 8.4%
- Profit growth 3y
- 5.0%
- Profit growth 5y
- 4.0%
- EPS
- ₹12.6
- Sales growth TTM
- 6.0%
- Profit growth TTM
- -2.0%
- Dividend payout
- 87.0%
Quarter P&L
- Sales latest quarter
- ₹24,479 Cr
- Profit latest quarter
- ₹3,356 Cr
- YoY quarterly sales growth
- 10.6%
- YoY quarterly profit growth
- 0.6%
- OPM latest quarter
- 18.9%
Balance Sheet
- Book Value
- ₹83.9
- Face Value
- ₹2.0
- Total debt
- ₹20,291 Cr
- Total cash
- ₹10,556 Cr
- Borrowings
- ₹20,291 Cr
- Reserves / Equity
- 41.0
Cash Flow
- Operating cash flow
- ₹14,932 Cr
- Free cash flow
- ₹13,447 Cr
- FCF yield
- 7.2%
- Net cash flow
- -₹1,642 Cr
Shareholding
- Promoter holding
- 72.6%
- FII holding
- 8.8%
- DII holding
- 5.2%
- Public holding
- 13.2%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| TCS | 2,080.30 | 14.0 | 7,53,388 | 3.08 | 13,420.0 | 8.4 | 72,275.0 | 13.9 | 63.0 |
| Infosys | 992.00 | 12.9 | 4,02,919 | 4.84 | 7,775.0 | 12.3 | 48,211.0 | 14.0 | 40.0 |
| HCL Technologies | 1,185.00 | 17.8 | 3,22,185 | 4.56 | 4,626.0 | 20.3 | 34,579.0 | 13.9 | 30.4 |
| Wipro | 159.60 | 12.0 | 1,58,422 | 6.89 | 3,356.3 | 0.7 | 24,478.6 | 10.6 | 17.8 |
| Tech Mahindra | 1,491.10 | 27.5 | 1,46,297 | 3.42 | 1,486.3 | 28.4 | 15,711.9 | 17.7 | 23.1 |
| LTM | 3,930.00 | 20.8 | 1,16,459 | 1.91 | 1,468.6 | 16.9 | 11,608.0 | 18.0 | 29.6 |
| Persistent Systems | 5,507.00 | 43.7 | 86,920 | 0.73 | 483.0 | 13.7 | 4,303.2 | 29.1 | 34.4 |
| Median | 218.65 | 19.1 | 892 | 0.34 | 10.1 | 13.0 | 85.7 | 17.6 | 22.1 |
Competes with: 3i Infotech Limited, 63 moons technologies limited, Accelya Solutions India Limited, Aurionpro Solutions Limited, BIRLASOFT LIMITED, CG Vak Software & Exports Limited, CSM Technologies Limited, California Software Company Limited, Cambridge Technology Enterprises Limited, Ceinsys Tech Limited, Coforge, Cura Technologies Limited, Cybertech Systems And Software Limited, DRC Systems India Limited, Empower India Limited, Fractal Analytics Limited, GVP Infotech Limited, HCL Technologies, Happiest Minds Technologies Limited, Hexaware Technologies Limited, InfoBeans Technologies Limited, Infosys, Innovana Thinklabs Limited, Intellect Design Arena Limited, KPIT Technologies Limited, Ksolves India Limited, LTIMindtree Limited, Latent View Analytics Limited, Magellanic Cloud Limited, Mastek Limited, Mindteck (India) Limited, Mphasis, NINtec Systems Limited, Newgen Software Technologies Limited, Orchasp Limited, Persistent Systems, Quintegra Solutions Limited, R. S. Software (India) Limited, Rategain Travel Technologies Limited, Saksoft Limited, SecMark Consultancy Limited, Silver Touch Technologies Limited, Softtech Engineers Limited, Sonata Software Limited, TREJHARA SOLUTIONS LIMITED, Tata Consultancy Services, Tata Elxsi Limited, Tech Mahindra, Trigyn Technologies Limited, Xchanging Solutions Limited, Xtglobal Infotech Limited, Zensar Technologies Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22,831 | 22,516 | 22,205 | 22,208 | 21,964 | 22,302 | 22,319 | 22,504 | 22,135 | 22,697 | 23,556 | 24,236 | 24,479 |
| Expenses | 18,627 | 18,546 | 18,007 | 17,828 | 17,614 | 17,798 | 17,779 | 17,880 | 17,902 | 18,325 | 19,259 | 19,327 | 19,846 |
| Material Cost | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Change in Inventories | 3.10 | 12 | -17 | -1.50 | 24 | -35 | |||||||
| Purchases of Stock-in-Trade | 81 | 55 | 106 | 248 | 168 | 124 | |||||||
| Employee Cost | 13,345 | 13,428 | 13,616 | 14,201 | 14,341 | 14,753 | |||||||
| Other Expenses | 4,451 | 4,407 | 4,620 | 4,812 | 4,795 | 5,004 | |||||||
| Operating Profit | 4,204 | 3,970 | 4,198 | 4,381 | 4,350 | 4,503 | 4,540 | 4,624 | 4,233 | 4,372 | 4,296 | 4,909 | 4,633 |
| OPM % | 18 | 18 | 19 | 20 | 20 | 20 | 20 | 21 | 19 | 19 | 18 | 20 | 19 |
| Other Income | 640 | 740 | 598 | 653 | 730 | 962 | 1,005 | 1,217 | 1,072 | 963 | 1,008 | 857 | 979 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest | 309 | 303 | 312 | 331 | 329 | 357 | 415 | 377 | 361 | 361 | 366 | 370 | 473 |
| Depreciation | 738 | 897 | 932 | 840 | 729 | 831 | 676 | 722 | 686 | 692 | 805 | 728 | 804 |
| Profit before tax | 3,798 | 3,509 | 3,552 | 3,862 | 4,022 | 4,278 | 4,453 | 4,743 | 4,258 | 4,282 | 4,134 | 4,668 | 4,334 |
| Tax % | 24 | 24 | 24 | 26 | 24 | 25 | 24 | 24 | 22 | 24 | 24 | 25 | 23 |
| Net Profit | 2,886 | 2,667 | 2,701 | 2,858 | 3,037 | 3,227 | 3,367 | 3,588 | 3,336 | 3,262 | 3,145 | 3,522 | 3,356 |
| EPS in Rs | 2.61 | 2.53 | 2.58 | 2.71 | 2.87 | 3.07 | 3.20 | 3.41 | 3.18 | 3.10 | 2.97 | 3.34 | 3.38 |
| Diluted EPS in Rs | 3.39 | 3.17 | 3.09 | 2.97 | 3.33 | 3.20 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 46,951 | 51,244 | 55,448 | 54,487 | 59,019 | 61,138 | 61,935 | 79,312 | 90,488 | 89,760 | 89,088 | 92,624 | 94,968 |
| Expenses | 36,652 | 40,448 | 44,128 | 44,100 | 47,406 | 48,795 | 47,164 | 62,628 | 73,649 | 73,008 | 71,067 | 74,813 | 76,757 |
| Material Cost | 0 | 0 | |||||||||||
| Change in Inventories | 20 | 17 | |||||||||||
| Purchases of Stock-in-Trade | 297 | 576 | |||||||||||
| Employee Cost | 53,348 | 55,586 | |||||||||||
| Other Expenses | 17,403 | 18,635 | |||||||||||
| Operating Profit | 10,299 | 10,796 | 11,321 | 10,387 | 11,613 | 12,342 | 14,771 | 16,684 | 16,839 | 16,752 | 18,021 | 17,811 | 18,211 |
| OPM % | 22 | 21 | 20 | 19 | 20 | 20 | 24 | 21 | 19 | 19 | 20 | 19 | 19 |
| Other Income | 2,450 | 2,752 | 2,623 | 2,550 | 2,614 | 2,728 | 2,404 | 2,067 | 2,275 | 2,631 | 3,909 | 3,899 | 3,807 |
| Exceptional items (within Other Income) | 0 | 0 | |||||||||||
| Interest | 350 | 558 | 594 | 583 | 738 | 733 | 509 | 532 | 1,008 | 1,255 | 1,477 | 1,458 | 1,570 |
| Depreciation | 1,175 | 1,496 | 2,310 | 2,112 | 1,947 | 2,086 | 2,763 | 3,078 | 3,340 | 3,407 | 2,958 | 2,911 | 3,030 |
| Profit before tax | 11,224 | 11,494 | 11,039 | 10,242 | 11,542 | 12,252 | 13,903 | 15,141 | 14,766 | 14,721 | 17,496 | 17,342 | 17,418 |
| Tax % | 22 | 22 | 23 | 22 | 22 | 20 | 22 | 19 | 23 | 25 | 24 | 24 | |
| Net Profit | 8,714 | 8,957 | 8,518 | 8,003 | 9,018 | 9,772 | 10,868 | 12,243 | 11,366 | 11,112 | 13,218 | 13,266 | 13,285 |
| EPS in Rs | 6.58 | 6.76 | 6.55 | 6.63 | 7.46 | 8.51 | 9.85 | 11 | 10 | 11 | 13 | 13 | 13 |
| Diluted EPS in Rs | 13 | 13 | |||||||||||
| Dividend Payout % | 34 | 17 | 6 | 6 | 7 | 6 | 5 | 27 | 5 | 5 | 48 | 87 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 6%
- 5 years
- 8%
- 3 years
- 1%
- TTM
- 6%
Compounded profit growth
- 10 years
- 4%
- 5 years
- 4%
- 3 years
- 5%
- TTM
- -2%
Stock price CAGR
- 10 years
- 6%
- 5 years
- -14%
- 3 years
- -8%
- 1 year
- -34%
Return on equity
- 10 years
- 17%
- 5 years
- 16%
- 3 years
- 16%
- Last year
- 15%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 494 | 494 | 486 | 905 | 1,207 | 1,143 | 1,096 | 1,096 | 1,098 | 1,045 | 2,094 | 2,098 |
| Reserves | 36,598 | 45,651 | 51,184 | 47,022 | 55,216 | 54,179 | 53,805 | 64,307 | 76,570 | 73,488 | 80,270 | 85,921 |
| Borrowings | 7,891 | 12,522 | 14,241 | 13,901 | 9,947 | 9,724 | 10,451 | 17,593 | 17,467 | 16,465 | 19,204 | 20,291 |
| Other Liabilities | 13,367 | 12,924 | 12,761 | 13,563 | 16,217 | 15,954 | 17,213 | 24,280 | 21,789 | 23,611 | 26,362 | 32,574 |
| Minority Interest | 214 | 251 | ||||||||||
| Total Liabilities | 58,350 | 71,590 | 78,672 | 75,391 | 82,586 | 81,000 | 82,566 | 1,07,276 | 1,16,924 | 1,14,609 | 1,27,929 | 1,40,884 |
| Fixed Assets | 10,837 | 17,279 | 19,886 | 18,127 | 17,465 | 22,062 | 23,040 | 37,990 | 44,757 | 43,628 | 45,187 | 51,690 |
| CWIP | 395 | 381 | 738 | 1,378 | 2,142 | 1,881 | 1,853 | 1,602 | 617 | 723 | 196 | 412 |
| Investments | 5,532 | 20,915 | 29,913 | 25,797 | 22,887 | 20,032 | 18,775 | 26,154 | 33,073 | 33,384 | 43,926 | 46,786 |
| Other Assets | 41,586 | 33,016 | 28,135 | 30,090 | 40,093 | 37,024 | 38,898 | 41,531 | 38,477 | 36,873 | 38,620 | 41,995 |
| Total Assets | 58,350 | 71,590 | 78,672 | 75,391 | 82,586 | 81,000 | 82,566 | 1,07,276 | 1,16,924 | 1,14,609 | 1,28,185 | 1,41,408 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 7,840 | 7,887 | 9,277 | 8,423 | 11,632 | 10,064 | 14,755 | 11,080 | 13,060 | 17,622 | 16,943 | 14,932 |
| Cash from Investing Activity | -2,537 | -13,761 | -11,770 | 3,595 | 5,065 | 3,593 | 685 | -22,321 | -8,169 | 1,144 | -8,044 | -2,448 |
| Cash from Financing Activity | -830 | -159 | -2,275 | -12,998 | -4,937 | -15,100 | -12,884 | 4,659 | -6,088 | -18,257 | -6,396 | -14,126 |
| Net Cash Flow | 4,474 | -6,032 | -4,767 | -979 | 11,760 | -1,442 | 2,556 | -6,583 | -1,197 | 509 | 2,502 | -1,642 |
| Free Cash Flow | 6,699 | 6,570 | 7,750 | 6,353 | 9,548 | 7,842 | 12,873 | 9,138 | 11,631 | 16,973 | 15,621 | 13,448 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 71 | 62 | 68 | 62 | 62 | 56 | 53 | 51 | 47 | 48 | 54 |
| Inventory Days | 56 | 66 | ||||||||||
| Days Payable | 671 | 597 | ||||||||||
| Cash Conversion Cycle | -544 | -461 | 62 | 68 | 62 | 62 | 56 | 53 | 51 | 47 | 48 | 54 |
| Working Capital Days | 15 | -14 | -23 | 3 | -13 | -18 | -31 | -15 | -3 | -4 | -17 | -47 |
| ROCE % | 27 | 23 | 19 | 17 | 19 | 20 | 22 | 21 | 18 | 17 | 20 | 18 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
-34,033inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
39,19,398inr
2026-03-31
News
News and filings about Wipro. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- 3i Infotech Limited
- 63 moons technologies limited
- Accelya Solutions India Limited
- Aurionpro Solutions Limited
- BIRLASOFT LIMITED
- CG Vak Software & Exports Limited
- CSM Technologies Limited
- California Software Company Limited
- Cambridge Technology Enterprises Limited
- Ceinsys Tech Limited
- Coforge
- Cura Technologies Limited
- Cybertech Systems And Software Limited
- DRC Systems India Limited
- Empower India Limited
- Fractal Analytics Limited
- GVP Infotech Limited
- HCL Technologies
- Happiest Minds Technologies Limited
- Hexaware Technologies Limited
- InfoBeans Technologies Limited
- Infosys
- Innovana Thinklabs Limited
- Intellect Design Arena Limited
- KPIT Technologies Limited
- Ksolves India Limited
- LTIMindtree Limited
- Latent View Analytics Limited
- Magellanic Cloud Limited
- Mastek Limited
Buys from
- Adroit Infotech Limited · SAP delivery / subcontracted consulting capacity; same delivery-partner caveat as LTIM
- Bluspring Enterprises Limited · Integrated facility management for IT campuses (Avon)
- MITCON Consultancy & Engineering Services Limited · environmental/engineering consultancy and analytical services
- Mahindra Lifespace Developers Limited · Industrial land & infrastructure at Mahindra World City
- Orissa Bengal Carrier Limited · road transportation / bulk FTL, LTL, parcel and 3PL logistics services
- Prestige Estates Projects · office space
- Refex Industries Limited · EV-based employee transportation / corporate mobility (Refex Green Mobility)
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Information Technology
- Industry
- Computers - Software & Consulting
- Classification
- Information Technology › Computers - Software & Consulting
- ISIN
- INE075A01022
Business segments
- Americas 1 · 33%
- Americas 2 · 29%
- Europe · 26%
- APMEA · 11%
- IT Products · 1%
News impact
Big market events that reach Wipro, and how the effect spreads.
1 Oct, 15:03 IST · Market event · medium impact
Infosys shares recover from 52-week low after ABN AMRO deal extension
Infosys extended its ABN AMRO bank deal and its shares rose 0.71% to Rs 1001.20 off a 52-week low, helping Infosys holders while rivals and suppliers gain nothing.
Who it hits first
- Infosys, a large software-services firm, extended its deal with Dutch bank ABN AMRO.
- Its shares traded at Rs 1001.20, up 0.71% (Rs 7.10) from the Rs 994.10 previous close, recovering from a 52-week low.
- The pack carries no deal value or tenure, so the size of the retained revenue is unknown.
Who may gain
- Infosys (software services): keeps ABN AMRO revenue and steadies off its 52-week low.
- ABN AMRO (Dutch bank client): keeps its existing vendor instead of a risky switch.
- Infosys shareholders who bought near the 52-week low: up 0.71% on the day.
Along the supply chain
Downstream
ABN AMRO, the Dutch bank client, keeps its vendor; Infosys' listed downstream clients in the pack are two Indian banks, Axis Bank and ICICI Bank, whose own business this Dutch extension does not touch.
Upstream
Vendors that sell to Infosys — its listed suppliers in the pack — see no change, since extending an existing bank deal continues current work rather than placing new orders.
Where demand moves
Business
ABN AMRO keeps buying Infosys software services instead of rebidding the work — demand retained, not new — and no extra work flows to rivals or suppliers from an extension alone.
Capital
Investors nibbled Infosys up 0.71% off its 52-week low; there is no sympathy-buying case for peers since sector readthrough is nil.
How it spreads across sectors
Financial Services
None for the banks: ABN AMRO is not listed here and Infosys' Indian bank clients are untouched by a Dutch extension.
Information Technology
Negligible: a single retained deal lifts only Infosys (+0.71%); rivals gain no business and the pack flags sector readthrough false.
When it plays out
Immediate
Infosys steadies near Rs 1000 over 1-7 days as extension relief offsets the 52-week-low overhang; peers drift on their own news.
Medium term
European bank renewals and client budgets over 1-6 months decide whether Infosys re-rates beyond this relief bounce.
Short term
Without a disclosed deal value, the stock needs quarterly results or fresh wins in 1-4 weeks to extend the recovery.
30 Sept, 00:07 IST · Market event · high impact
US tightens H-1B rules again: How new fees and layoff scrutiny could affect Indian tech workers
The US added a $100,000 H-1B fee plus tougher checks, raising costs for Indian IT firms like Tata Consultancy Services and Infosys and hurting margins, with no clear winners.
Who it hits first
- The US has added a $100000 payment for certain new H-1B (US work visa) hires from abroad, plus extra employer fees, closer checks when US staff are laid off, and tougher enforcement.
- Tata Consultancy Services, Infosys and Wipro — India's large IT services firms that send engineers to work at US client offices — now pay more for each US placement and wait longer for approvals.
- H-1B sign-ups are already falling as firms move work to India or hire locally in America, which trims profit margins (profit left per rupee of sales) for the most US-linked firms.
Who may gain
- No clear winner among Indian IT firms — this is a cost rise for US-linked work, not new demand, so domestic cloud and software names only avoid the hit rather than gain.
Along the supply chain
Downstream
Big bank buyers of IT work such as State Bank of India and ICICI Bank, which hire Tata Consultancy Services and Infosys to run software, see no direct change — projects continue, just delivered more from India.
Upstream
Vendors that serve the big IT firms — Prestige Estates which rents office space, Tata Communications which provides network links, and staffing and facility helpers — see slower growth in US-site support as hiring tilts to India.
Where demand moves
Business
Client demand for software work does not grow or shrink — the same US projects simply cost more when they need staff on American sites, so more coding and support shifts to Indian delivery centres.
Capital
Investors grow cautious on export-heavy IT shares as margins look thinner, so money pauses or drifts to domestic-focused software names until firms show how much of the fee clients will bear.
How it spreads across sectors
Information Technology
Export-heavy IT services face higher US staffing costs and near-term margin pressure, while domestic software, map and cloud names feel only brief sentiment selling.
When it plays out
Immediate
In the next few days IT shares wobble and H-1B filings slow further as firms pause US hires.
Medium term
Over the next few months delivery settles with more offshore work and local US recruits, leaving a lasting small margin drag for the most US-exposed firms.
Short term
Over the next few weeks firms spell out extra costs, add Indian and US local hiring, and accept slightly thinner margins.
29 Sept, 10:13 IST · Market event · high impact
BSE set to enter Nifty 50 from tomorrow, IT major Wipro to exit. What shareholders must know?
BSE joins India's main 50-company stock list tomorrow replacing Wipro, so funds that copy the list will buy BSE and sell Wipro, helping BSE shareholders and hurting Wipro shareholders for now.
Who it hits first
- BSE Limited, which runs the Bombay Stock Exchange, joins the Nifty 50 from tomorrow after its six-month average free-float value (shares open for trading) of Rs 1,40,879 crore cleared the cutoff.
- Wipro, the large IT services company, leaves the Nifty 50 after its Rs 55,930 crore average free-float value made it the smallest stock in the list.
- Funds that copy the Nifty 50 must buy BSE shares and sell Wipro shares to match the new list, lifting BSE for days and pressing Wipro down.
Who may gain
- BSE shareholders, who gain from forced index-fund buying into the inclusion
- Traders who bought BSE before the NSE announcement and can sell into passive demand
- Nifty 50 index funds that complete the switch cleanly with little mismatch to the new list
Along the supply chain
Downstream
No downstream change — Wipro clients buy IT projects and traders use BSE screens the same as before; only share ownership shifts.
Upstream
No upstream change — BSE suppliers like CDSL, which handles share accounts, and IRIS see no extra orders from an index inclusion.
Where demand moves
Business
No new business demand — no company orders more stock-exchange trading or IT work just because the Nifty 50 list changed.
Capital
Strong capital reshuffle — Nifty 50 index funds and exchange-traded funds (ETFs) that copy the list must buy BSE and sell Wipro to mirror the new weights.
How it spreads across sectors
Financial Services
Mild positive mood for exchange and market-infrastructure names like MCX and CDSL on BSE's spotlight, but no real money flow beyond BSE itself.
Information Technology
Mild negative mood as Wipro's exit trims IT weight in Nifty, but no business hit to TCS, Infosys, HCLTech or other IT firms.
When it plays out
Immediate
Tomorrow into this week, BSE rises on forced index buying while Wipro slips on forced selling as funds adjust to the new list.
Medium term
Over 1-6 months, index effect disappears — BSE follows trading volumes and Wipro follows IT deals and margins.
Short term
Over 1-4 weeks, the pop and drop fade as short-term traders unwind bets and both stocks settle back toward business value.
22 Sept, 19:22 IST · Market event · high impact
Persistent Systems Arm Raises Nagarro Stake To 83.25%, Aims To Delist From Frankfurt Stock Exchange
Persistent Systems is buying more of Nagarro to own 83.25% and delist it, which helps Persistent tighten control while IT rivals see no gain or loss.
Who it hits first
- Persistent Systems, an IT services company, is raising its holding in Nagarro to 83.25% through its arm.
- It plans to remove Nagarro shares from Frankfurt trading (a delist), moving toward full ownership and simpler control.
- The move uses cash for the buyout but lets Persistent fully steer Nagarro and combine its results.
Who may gain
- Persistent Systems gains tighter control and future profit pooling from owning 83.25% of Nagarro.
- Nagarro minority holders may get a buyout offer as part of the Frankfurt delisting.
- IT rivals see no direct benefit since no client work or orders shift to them.
Along the supply chain
Downstream
Downstream, Persistent Systems lists no direct customers in this pack and Nagarro clients face no change, so no downstream demand shifts.
Upstream
Upstream, firms that supply Persistent Systems — SMARTWORKS and UDS for offices and facilities, ZAGGLE for expense tools — get no extra orders because buying shares does not use more office or support services.
Where demand moves
Business
No new business demand is created — this is an ownership change, not a fresh client order, so no extra work flows to Persistent or its peers.
Capital
Capital flows from Persistent to Nagarro minority holders for the extra shares, with mild positive sentiment for Persistent shares and no capital rotation to other IT names.
How it spreads across sectors
Information Technology
Peers like Infosys, TCS and others see no demand change; only light sentiment that Indian IT is consolidating, with no earnings impact.
When it plays out
Immediate
Persistent shares react to the 83.25% stake and delist aim; Nagarro minorities assess the offer.
Medium term
If delisted, Persistent consolidates Nagarro fully; integration progress drives any lasting gain.
Short term
Delist terms, funding and German approvals come into focus; peers drift with the market.
17 Sept, 13:51 IST · Market event · medium impact
'Count your days': US Labor Department ramps up H-1B fraud probe amid increased scrutiny
The US is widening its H-1B visa-fraud crackdown with surprise inspections, raising staffing costs for Indian IT firms like TCS and Infosys, while US rivals hiring locally gain a small edge.
Who it hits first
- US Labour Department widens H-1B fraud probe beyond tech firms, with surprise site inspections and whistleblower tips targeting employers, recruiters and labour brokers.
- Indian IT majors with large US onsite workforces (TCS, Infosys, HCLTech, Wipro, Tech Mahindra, Persistent, Coforge, Mphasis, LTTS) face higher visa-compliance costs and possible deployment delays.
- Severity is modest: no new fee, ban or quota - only broader enforcement of existing rules, playing out over months.
Who may gain
- Large compliant IT firms may gain share if small staffing brokers and body-shops get barred from the H-1B program.
- US-based rivals hiring locally face no such overhang; firms with the highest US localization (TCS, Infosys) are relatively insulated.
Along the supply chain
Downstream
US clients could face minor project delays if onsite staff are pulled for inspection; no major disruption expected.
Upstream
US immigration-law firms and visa-compliance vendors see more business; small Indian staffing subcontractors to big IT firms face audit risk.
Where demand moves
Business
No client demand destroyed yet; risk is onsite staffing friction that could delay project starts or push more work offshore to India delivery centres.
Capital
Visa headlines typically trigger a day or two of foreign-investor selling across big IT stocks (Infosys has 27% FII); money rotates to domestic-facing sectors, with no broad sector derating expected.
How it spreads across sectors
Information Technology
Mild negative overhang on exporters with big US onsite exposure; compliance-cost and sentiment channel, roughly 1-2% stock impact.
Staffing and recruitment
Unlisted labour brokers most at risk if named; listed IT firms are second-order.
When it plays out
Immediate
Headline selling on IT majors for 1-2 sessions, roughly 1-2% downside.
Medium term
If the probe names a major or bars firms, reprice; otherwise fades like prior curbs.
Short term
Watch for named firms in DOL actions and visa-cost commentary in Q2 earnings (October).
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 27 Jul 2026 | interim | ₹2 |
|---|---|---|
| 27 Jan 2026 | interim | ₹6 |
| 28 Jul 2025 | interim | ₹5 |
| 28 Jan 2025 | interim | ₹6 |
| 3 Dec 2024 | bonus | ₹0 |
| 24 Jan 2024 | interim | ₹1 |
| 24 Jan 2023 | interim | ₹1 |
| 5 Apr 2022 | interim | ₹5 |
Splits, bonuses & buybacks
- daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 11 Sep 2026 | SREERAM PAMIDIGHANTAM · Designated Person | SELL | 31,273 | 0.50 |
| 10 Sep 2026 | Edward Engles · Designated Person | BUY | 1,16,608 | 1.86 |
| 10 Sep 2026 | Edward Engles · Designated Person | SELL | 63,500 | 1.02 |
| 20 Aug 2026 | RAMARATHNAM DANDAPANI · Designated Person | SELL | 12,089 | 0.22 |
| 7 Aug 2026 | UMUNG VARMA · Designated Person | SELL | 11,498 | 0.22 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call16 Jul 2026
- Annual report · 2025-2622 Jun 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.