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 18,09,513 - -
Change - -38.17% 25.2% 9.44% -28.33% -7.91% - -
Enterprise Value (EV) 1 30,42,265 17,49,875 22,38,476 23,69,995 15,89,490 14,68,206 14,29,999 13,74,012
Change - -42.48% 27.92% 5.88% -32.93% -7.63% -2.6% -3.92%
P/E 26.6x 17.7x 23.1x 20.9x 14.9x 12.5x 12x 11.4x
PBR 4.93x 2.56x 3.38x 3.33x 2.23x 2.05x 1.98x 2x
PEG - -2.45x 34.12x 1x 46.64x 1.29x 2.75x 2.23x
Capitalization / Revenue 4.09x 2.21x 2.79x 3.08x 2.12x 1.82x 1.76x 1.72x
EV / Revenue 3.85x 1.93x 2.49x 2.66x 1.72x 1.48x 1.39x 1.3x
EV / EBITDA 18.5x 10.4x 13.2x 13.1x 8.9x 7.36x 6.92x 6.48x
EV / EBIT 22.4x 12.9x 16.5x 15.7x 10.4x 8.8x 8.26x 7.72x
EV / FCF 33.6x 15.1x 13.5x 15.3x 11.9x 10.9x 9.61x 9.11x
FCF Yield 2.98% 6.62% 7.4% 6.53% 8.41% 9.17% 10.4% 11%
Dividend per Share 2 3 0.5 0.5 6 11 9.986 11.34 11.11
Rate of return 1.01% 0.27% 0.21% 2.29% 5.87% 5.78% 6.57% 6.44%
EPS 2 11.14 10.34 10.41 12.52 12.56 13.78 14.38 15.12
Distribution rate 26.9% 4.84% 4.8% 47.9% 87.6% 72.5% 78.9% 73.5%
Net sales 1 7,90,934 9,04,876 8,97,603 8,90,884 9,26,240 9,94,675 10,27,971 10,54,034
EBITDA 1 1,64,523 1,68,479 1,69,830 1,80,818 1,78,626 1,99,492 2,06,635 2,12,150
EBIT 1 1,35,931 1,35,134 1,35,759 1,51,239 1,52,154 1,66,804 1,73,118 1,78,019
Net income 1 1,22,191 1,13,500 1,10,452 1,31,354 1,31,974 1,39,768 1,45,072 1,52,709
Net Debt 1 -1,93,795 -2,51,019 -2,66,658 -3,71,631 -3,75,361 -3,41,306 -3,79,514 -4,35,500
Reference price 2 296.00 182.65 240.02 262.10 187.55 172.65 172.65 172.65
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 1,04,80,814 - -
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.($)
29.68x4.73x16.51x2.2% 29TCr
-92.02x14.54x84.19x-.--% 9.11TCr
10.56x1.16x6.08x4.57% 8.7TCr
13.49x2.45x9.1x6.14% 7.99TCr
19.36x5.09x12.56x2.94% 5.8TCr
13.92x2.03x8.51x5.59% 4.57TCr
19.35x1.55x9.76x1.48% 3.63TCr
20.15x1.48x9.46x0.98% 3.56TCr
15.91x2.04x9.47x5.43% 3.33TCr
Average 5.60x 3.90x 18.41x 3.26% 8.39TCr
Weighted average by Cap. 7.77x 4.70x 20.93x 2.94%

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