Projected Income Statement: Wipro Limited

Forecast Balance Sheet: Wipro Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -2,62,168 -1,93,795 -2,51,019 -2,66,658 -3,71,631 -3,85,510 -4,30,015 -4,71,988
Change - 26.08% -29.53% -6.23% -39.37% -3.73% -11.54% -9.76%
Announcement Date 15/04/21 29/04/22 27/04/23 19/04/24 16/04/25 - - -
1INR in Million
Estimates

Cash Flow Forecast: Wipro Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 19,577 20,153 14,834 10,510 14,737 31,543 26,378 26,836
Change - 2.94% -26.39% -29.15% 40.22% 114.04% -16.37% 1.73%
Free Cash Flow (FCF) 1 1,27,973 90,644 1,15,767 1,65,706 1,54,689 1,30,797 1,36,986 1,49,165
Change - -29.17% 27.72% 43.14% -6.65% -15.45% 4.73% 8.89%
Announcement Date 15/04/21 29/04/22 27/04/23 19/04/24 16/04/25 - - -
1INR in Million
Estimates

Forecast Financial Ratios: Wipro Limited

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 23.86% 20.8% 18.62% 18.92% 20.3% 19.63% 20.03% 20.1%
EBIT Margin (%) 19.4% 17.19% 14.93% 15.12% 16.98% 16.38% 16.65% 16.79%
EBT Margin (%) 22.44% 19.13% 16.32% 16.4% 19.64% 18.77% 19% 19.34%
Net margin (%) 17.43% 15.45% 12.54% 12.31% 14.74% 14.19% 14.3% 14.6%
FCF margin (%) 20.66% 11.46% 12.79% 18.46% 17.36% 14.08% 13.8% 14.36%
FCF / Net Income (%) 118.55% 74.18% 102% 150.03% 117.76% 99.2% 96.51% 98.33%

Profitability

        
ROA 13.1% 12.79% 10.07% 9.49% 10.81% 9.47% 9.59% 9.73%
ROE 19.44% 20.18% 15.77% 14.43% 16.74% 15.63% 16.02% 16.69%

Financial Health

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

Capital Intensity

        
CAPEX / Current Assets (%) 3.16% 2.55% 1.64% 1.17% 1.65% 3.4% 2.66% 2.58%
CAPEX / EBITDA (%) 13.25% 12.25% 8.8% 6.19% 8.15% 17.3% 13.27% 12.85%
CAPEX / FCF (%) 15.3% 22.23% 12.81% 6.34% 9.53% 24.12% 19.26% 17.99%

Items per share

        
Cash flow per share 1 13.46 10.1 11.9 16.61 16.15 16.36 16.28 16.97
Change - -24.95% 17.73% 39.59% -2.75% 1.34% -0.53% 4.25%
Dividend per Share 1 0.5 3 0.5 0.5 6 10.66 10.65 11.24
Change - 500% -83.33% 0% 1,100% 77.61% -0.07% 5.52%
Book Value Per Share 1 50.48 60.03 71.3 71 78.65 82.56 86.86 89.37
Change - 18.93% 18.78% -0.42% 10.78% 4.97% 5.2% 2.9%
EPS 1 9.535 11.14 10.34 10.41 12.52 12.69 13.54 14.36
Change - 16.89% -7.22% 0.68% 20.27% 1.38% 6.66% 6.04%
Nbr of stocks (in thousands) 1,09,17,337 1,09,32,636 1,09,54,798 1,04,36,972 1,04,60,231 1,04,76,512 1,04,76,512 1,04,76,512
Announcement Date 15/04/21 29/04/22 27/04/23 19/04/24 16/04/25 - - -
1INR
Estimates
2026 *2027 *
P/E ratio 16.5x 15.5x
PBR 2.54x 2.42x
EV / Sales 1.95x 1.78x
Yield 5.08% 5.08%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
40
Last Close Price
209.80INR
Average target price
221.95INR
Spread / Average Target
+5.79%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. WIPRO Stock
  4. Financials Wipro Limited