Company Valuation: Wipro Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Capitalization 1 32,36,060 20,00,894 25,05,134 27,41,626 19,64,851 20,78,870 - -
Change - -38.17% 25.2% 9.44% -28.33% 5.8% - -
Enterprise Value (EV) 1 30,42,265 17,49,875 22,38,476 23,69,995 15,89,490 17,28,439 16,90,768 16,42,928
Change - -42.48% 27.92% 5.88% -32.93% 8.74% -2.18% -2.83%
P/E ratio 26.6x 17.7x 23.1x 20.9x 14.9x 14.5x 13.8x 13x
PBR 4.93x 2.56x 3.38x 3.33x 2.23x 2.39x 2.29x 2.27x
PEG - -2.45x 34.12x 1x 46.64x 1.59x 2.71x 2.26x
Capitalization / Revenue 4.09x 2.21x 2.79x 3.08x 2.12x 2.1x 2.01x 1.95x
EV / Revenue 3.85x 1.93x 2.49x 2.66x 1.72x 1.74x 1.64x 1.54x
EV / EBITDA 18.5x 10.4x 13.2x 13.1x 8.9x 8.69x 8.14x 7.66x
EV / EBIT 22.4x 12.9x 16.5x 15.7x 10.4x 10.4x 9.74x 9.2x
EV / FCF 33.6x 15.1x 13.5x 15.3x 11.9x 13x 11.4x 10.7x
FCF Yield 2.98% 6.62% 7.4% 6.53% 8.41% 7.67% 8.76% 9.36%
Dividend per Share 2 3 0.5 0.5 6 11 9.929 11.25 10.95
Rate of return 1.01% 0.27% 0.21% 2.29% 5.87% 5.01% 5.67% 5.52%
EPS 2 11.14 10.34 10.41 12.52 12.56 13.7 14.4 15.23
Distribution rate 26.9% 4.84% 4.8% 47.9% 87.6% 72.5% 78.1% 71.9%
Net sales 1 7,90,934 9,04,876 8,97,603 8,90,884 9,26,240 9,92,058 10,32,351 10,64,029
EBITDA 1 1,64,523 1,68,479 1,69,830 1,80,818 1,78,626 1,98,904 2,07,689 2,14,598
EBIT 1 1,35,931 1,35,134 1,35,759 1,51,239 1,52,154 1,65,887 1,73,637 1,78,536
Net income 1 1,22,191 1,13,500 1,10,452 1,31,354 1,31,974 1,38,939 1,45,615 1,53,040
Net Debt 1 -1,93,795 -2,51,019 -2,66,658 -3,71,631 -3,75,361 -3,50,430 -3,88,102 -4,35,941
Reference price 2 296.00 182.65 240.02 262.10 187.55 198.35 198.35 198.35
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 ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.48x1.74x8.69x5.01% 2.18TCr
27.75x4.42x15.41x2.37% 27TCr
13.25x1.41x7.42x3.65% 11TCr
14.11x2.58x9.51x5.91% 8.35TCr
-83.45x13.15x76.27x-.--% 8.26TCr
20.57x5.36x13.25x2.77% 6.2TCr
15.54x2.3x9.64x4.94% 5.09TCr
14.24x1.64x11.24x1.13% 3.89TCr
22.8x1.55x11.06x0.77% 3.52TCr
15.73x1.99x9.41x5.5% 3.28TCr
Average 7.50x 3.61x 17.19x 3.2% 7.85TCr
Weighted average by Cap. 9.45x 4.22x 18.69x 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

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