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 15,77,811 - -
Change - -38.17% 25.2% 9.44% -28.33% -19.7% - -
Enterprise Value (EV) 1 30,42,265 17,49,875 22,38,476 23,69,995 15,89,490 12,93,953 12,55,542 12,01,600
Change - -42.48% 27.92% 5.88% -32.93% -18.59% -2.97% -4.3%
P/E 26.6x 17.7x 23.1x 20.9x 14.9x 12x 11.5x 11.1x
PBR 4.93x 2.56x 3.38x 3.33x 2.23x 1.93x 1.83x 1.74x
PEG - -2.45x 34.12x 1x 46.64x 2.01x 2.67x 3.11x
Capitalization / Revenue 4.09x 2.21x 2.79x 3.08x 2.12x 1.59x 1.55x 1.51x
EV / Revenue 3.85x 1.93x 2.49x 2.66x 1.72x 1.31x 1.23x 1.15x
EV / EBITDA 18.5x 10.4x 13.2x 13.1x 8.9x 6.71x 6.24x 5.87x
EV / EBIT 22.4x 12.9x 16.5x 15.7x 10.4x 8.04x 7.46x 6.94x
EV / FCF 33.6x 15.1x 13.5x 15.3x 11.9x 9.57x 8.64x 8.06x
FCF Yield 2.98% 6.62% 7.4% 6.53% 8.41% 10.4% 11.6% 12.4%
Dividend per Share 2 3 0.5 0.5 6 11 9.196 11.14 11.16
Rate of return 1.01% 0.27% 0.21% 2.29% 5.87% 5.77% 6.99% 7%
EPS 2 11.14 10.34 10.41 12.52 12.56 13.31 13.88 14.38
Distribution rate 26.9% 4.84% 4.8% 47.9% 87.6% 69.1% 80.3% 77.6%
Net sales 1 7,90,934 9,04,876 8,97,603 8,90,884 9,26,240 9,89,475 10,17,309 10,43,738
EBITDA 1 1,64,523 1,68,479 1,69,830 1,80,818 1,78,626 1,92,956 2,01,085 2,04,778
EBIT 1 1,35,931 1,35,134 1,35,759 1,51,239 1,52,154 1,60,981 1,68,354 1,73,226
Net income 1 1,22,191 1,13,500 1,10,452 1,31,354 1,31,974 1,35,091 1,40,565 1,46,025
Net Debt 1 -1,93,795 -2,51,019 -2,66,658 -3,71,631 -3,75,361 -2,83,858 -3,22,270 -3,76,211
Reference price 2 296.00 182.65 240.02 262.10 187.55 159.50 159.50 159.50
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.98x1.31x6.71x5.77% 1.64TCr
21.86x3.6x12.56x3.04% 21TCr
22.46x4.73x11.6x0.74% 19TCr
14.77x1.61x8.44x3.25% 12TCr
-602.19x42.83x175.97x-.--% 12TCr
-134.17x18.65x103.28x-.--% 12TCr
13.47x2.43x9.22x6.1% 7.81TCr
19.46x5.19x12.74x2.88% 5.82TCr
-17.53x7.42x12.62x-.--% 4.94TCr
22.77x1.89x11.94x1.37% 4.48TCr
Average -62.71x 8.97x 36.51x 2.31% 10.13TCr
Weighted average by Cap. -76.78x 10.26x 42.35x 1.94%

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

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  3. WIPRO Stock
  4. Valuation Wipro Limited