Wipro Ltd was technically listed on the stock exchange in 1946 when shares were offered to the public at par.
Wipro Ltd has consistently declared interim and final dividends for five years, and even long before that. In March 2022, for the final dividend, Wipro Ltd declared a dividend of Rs. 6 for each equity share.
Wipro Ltd's revenue amounts to Rs. 81,373 crores, and its profit margin is at 20.36% (March 2022).
Over the past year, NIFTY IT has dropped by above 18%. In the same period, Wipro’s stocks have tanked by more than 37%. The reasons are geopolitical for the most part as Wipro earns its primary revenue from Europe and the USA. Additionally, in recent years, the company has acquired other firms, and this has decreased its gross margins. To add to all this, the company has posted weak results and only enhanced its reduction in value. However, the stock may well grow in the future so it is advised that you buy and hold the stock. Wipro is aiming for leadership changes and company expansion.
Wipro's debt-to-equity ratio is 0.14.
Wipro Ltd's return on equity is 21.17.
Wipro's cash and cash equivalents amount to around Rs. 37, 500 crores.
The dividend yield for Wipro Ltd stock is 1.66%.