Company Valuation: Wipro Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 32,36,060 20,00,894 25,05,134 27,41,626 19,64,851 18,18,192 - -
Change - -38.17% 25.2% 9.44% -28.33% -7.46% - -
Enterprise Value (EV) 1 30,42,265 17,49,875 22,38,476 23,69,995 15,89,490 15,32,748 14,93,798 14,39,938
Change - -42.48% 27.92% 5.88% -32.93% -3.57% -2.54% -3.61%
P/E 26.6x 17.7x 23.1x 20.9x 14.9x 13.8x 13.2x 12.7x
PBR 4.93x 2.56x 3.38x 3.33x 2.23x 2.24x 2.16x 2.02x
PEG - -2.45x 34.12x 1x 46.64x 2.18x 2.9x 3.22x
Capitalization / Revenue 4.09x 2.21x 2.79x 3.08x 2.12x 1.84x 1.79x 1.74x
EV / Revenue 3.85x 1.93x 2.49x 2.66x 1.72x 1.55x 1.47x 1.38x
EV / EBITDA 18.5x 10.4x 13.2x 13.1x 8.9x 7.96x 7.42x 6.99x
EV / EBIT 22.4x 12.9x 16.5x 15.7x 10.4x 9.51x 8.84x 8.3x
EV / FCF 33.6x 15.1x 13.5x 15.3x 11.9x 11.2x 10.2x 9.58x
FCF Yield 2.98% 6.62% 7.4% 6.53% 8.41% 8.96% 9.78% 10.4%
Dividend per Share 2 3 0.5 0.5 6 11 9.045 11.15 11.2
Rate of return 1.01% 0.27% 0.21% 2.29% 5.87% 4.92% 6.07% 6.09%
EPS 2 11.14 10.34 10.41 12.52 12.56 13.35 13.96 14.51
Distribution rate 26.9% 4.84% 4.8% 47.9% 87.6% 67.7% 79.9% 77.2%
Net sales 1 7,90,934 9,04,876 8,97,603 8,90,884 9,26,240 9,87,726 10,17,208 10,44,708
EBITDA 1 1,64,523 1,68,479 1,69,830 1,80,818 1,78,626 1,92,437 2,01,253 2,05,900
EBIT 1 1,35,931 1,35,134 1,35,759 1,51,239 1,52,154 1,61,157 1,68,935 1,73,554
Net income 1 1,22,191 1,13,500 1,10,452 1,31,354 1,31,974 1,35,006 1,40,659 1,46,104
Net Debt 1 -1,93,795 -2,51,019 -2,66,658 -3,71,631 -3,75,361 -2,85,444 -3,24,395 -3,78,255
Reference price 2 296.00 182.65 240.02 262.10 187.55 183.80 183.80 183.80
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 - -
Announcement Date 29/04/22 27/04/23 19/04/24 16/04/25 16/04/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.25x3.75x13.1x2.88% 22TCr
-115.3x18.35x105.96x-.--% 11TCr
13.11x1.45x7.6x3.67% 11TCr
15.29x2.8x10.56x5.37% 8.93TCr
19.78x5.21x12.81x2.88% 5.98TCr
15.31x2.24x9.49x5.1% 4.95TCr
22.87x1.67x10.61x0.83% 4.31TCr
21.64x1.77x10.98x1.35% 4.19TCr
18.53x2.38x11.3x4.67% 3.85TCr
Average 3.83x 4.40x 21.38x 2.97% 8.5TCr
Weighted average by Cap. -0.89x 5.21x 25.26x 2.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield