Company Valuation: Wipro Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 3,236,060 2,000,894 2,505,134 2,741,626 1,964,851 1,818,192 - -
Change - -38.17% 25.2% 9.44% -28.33% -7.46% - -
Enterprise Value (EV) 1 3,042,265 1,749,875 2,238,476 2,369,995 1,589,490 1,532,748 1,493,798 1,439,938
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 1 790,934 904,876 897,603 890,884 926,240 987,726 1,017,208 1,044,708
EBITDA 1 164,523 168,479 169,830 180,818 178,626 192,437 201,253 205,900
EBIT 1 135,931 135,134 135,759 151,239 152,154 161,157 168,935 173,554
Net income 1 122,191 113,500 110,452 131,354 131,974 135,006 140,659 146,104
Net Debt 1 -193,795 -251,019 -266,658 -371,631 -375,361 -285,444 -324,395 -378,255
Reference price 2 296.00 182.65 240.02 262.10 187.55 183.80 183.80 183.80
Nbr of stocks (in thousands) 10,932,636 10,954,798 10,436,972 10,460,231 10,476,409 9,892,233 - -
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.($)
23.53x3.79x13.24x2.85% 223B
-118.27x18.83x108.74x-.--% 117B
13.23x1.46x7.67x3.64% 109B
15.38x2.82x10.62x5.34% 90.04B
19.5x5.15x12.66x2.92% 58.73B
15.39x2.25x9.54x5.08% 49.86B
21.78x1.59x10.05x0.87% 40.92B
21.13x1.73x10.7x1.39% 40.82B
18.66x2.4x11.39x4.63% 38.84B
Average 3.37x 4.45x 21.62x 2.97% 85.42B
Weighted average by Cap. -1.76x 5.34x 25.99x 2.88%

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