Projected Income Statement: Wipro Limited

Forecast Balance Sheet: Wipro Limited

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 -1,93,795 -2,51,019 -2,66,658 -3,71,631 -3,75,361 -2,87,153 -3,27,599 -3,83,560
Change - -29.53% -6.23% -39.37% -1% 23.5% -14.09% -17.08%
Announcement Date 29/04/22 27/04/23 19/04/24 16/04/25 16/04/26 - - -
1INR in Million
Estimates

Cash Flow Forecast: Wipro Limited

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 20,153 14,834 10,510 14,737 15,603 35,001 26,609 25,318
Change - -26.39% -29.15% 40.22% 5.88% 124.32% -23.98% -4.85%
Free Cash Flow (FCF) 1 90,644 1,15,767 1,65,706 1,54,689 1,33,713 1,35,747 1,45,660 1,49,351
Change - 27.72% 43.14% -6.65% -13.56% 1.52% 7.3% 2.53%
Announcement Date 29/04/22 27/04/23 19/04/24 16/04/25 16/04/26 - - -
1INR in Million
Estimates

Forecast Financial Ratios: Wipro Limited

Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 20.8% 18.62% 18.92% 20.3% 19.29% 19.48% 19.77% 19.69%
EBIT Margin (%) 17.19% 14.93% 15.12% 16.98% 16.43% 16.32% 16.59% 16.6%
EBT Margin (%) 19.13% 16.32% 16.4% 19.64% 18.72% 17.97% 18.32% 18.53%
Net margin (%) 15.45% 12.54% 12.31% 14.74% 14.25% 13.65% 13.82% 13.99%
FCF margin (%) 11.46% 12.79% 18.46% 17.36% 14.44% 13.74% 14.32% 14.29%
FCF / Net Income (%) 74.18% 102% 150.03% 117.76% 101.32% 100.66% 103.6% 102.15%

Profitability

        
ROA 12.79% 10.07% 9.49% 10.81% 9.79% 10.01% 10.33% 10.55%
ROE 20.18% 15.77% 14.43% 16.74% 15.49% 15.74% 16.54% 16.39%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 2.55% 1.64% 1.17% 1.65% 1.68% 3.54% 2.62% 2.42%
CAPEX / EBITDA (%) 12.25% 8.8% 6.19% 8.15% 8.74% 18.19% 13.23% 12.31%
CAPEX / FCF (%) 22.23% 12.81% 6.34% 9.53% 11.67% 25.78% 18.27% 16.95%

Items per share

        
Cash flow per share 1 10.1 11.9 16.61 16.15 14.21 17.05 16.85 17.84
Change - 17.73% 39.59% -2.75% -12% 19.99% -1.2% 5.89%
Dividend per Share 1 3 0.5 0.5 6 11 9.048 11.14 11.19
Change - -83.33% 0% 1,100% 83.33% -17.75% 23.17% 0.42%
Book Value Per Share 1 60.03 71.3 71 78.65 83.92 82.02 86.44 91.6
Change - 18.78% -0.42% 10.78% 6.7% -2.26% 5.39% 5.96%
EPS 1 11.14 10.34 10.41 12.52 12.56 13.34 13.95 14.49
Change - -7.22% 0.68% 20.27% 0.32% 6.19% 4.62% 3.88%
Nbr of stocks (in thousands) 1,09,32,636 1,09,54,798 1,04,36,972 1,04,60,231 1,04,76,409 98,92,233 98,92,233 98,92,233
Announcement Date 29/04/22 27/04/23 19/04/24 16/04/25 16/04/26 - - -
1INR
Estimates
2027 *2028 *
P/E 11.9x 11.4x
PBR 1.93x 1.83x
EV / Sales 1.3x 1.22x
Yield 5.71% 7.04%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
40
Last Close Price
158.40INR
Average target price
176.78INR
Spread / Average Target
+11.60%

Quarterly revenue - Rate of surprise