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 1,566,930 - -
Change - -38.17% 25.2% 9.44% -28.33% -20.25% - -
Enterprise Value (EV) 1 3,042,265 1,749,875 2,238,476 2,369,995 1,589,490 1,279,705 1,260,639 1,183,273
Change - -42.48% 27.92% 5.88% -32.93% -19.49% -1.49% -6.14%
P/E 26.6x 17.7x 23.1x 20.9x 14.9x 11.9x 11.4x 10.9x
PBR 4.93x 2.56x 3.38x 3.33x 2.23x 1.87x 1.77x 1.65x
PEG - -2.45x 34.12x 1x 46.64x 1.92x 2.47x 2.81x
Capitalization / Revenue 4.09x 2.21x 2.79x 3.08x 2.12x 1.59x 1.54x 1.5x
EV / Revenue 3.85x 1.93x 2.49x 2.66x 1.72x 1.3x 1.24x 1.13x
EV / EBITDA 18.5x 10.4x 13.2x 13.1x 8.9x 6.65x 6.27x 5.76x
EV / EBIT 22.4x 12.9x 16.5x 15.7x 10.4x 7.94x 7.47x 6.83x
EV / FCF 33.6x 15.1x 13.5x 15.3x 11.9x 9.43x 8.65x 7.92x
FCF Yield 2.98% 6.62% 7.4% 6.53% 8.41% 10.6% 11.6% 12.6%
Dividend per Share 2 3 0.5 0.5 6 11 9.048 11.14 11.19
Rate of return 1.01% 0.27% 0.21% 2.29% 5.87% 5.71% 7.04% 7.06%
EPS 2 11.14 10.34 10.41 12.52 12.56 13.34 13.95 14.49
Distribution rate 26.9% 4.84% 4.8% 47.9% 87.6% 67.8% 79.9% 77.2%
Net sales 1 790,934 904,876 897,603 890,884 926,240 987,801 1,017,619 1,044,856
EBITDA 1 164,523 168,479 169,830 180,818 178,626 192,412 201,058 205,444
EBIT 1 135,931 135,134 135,759 151,239 152,154 161,139 168,725 173,231
Net income 1 122,191 113,500 110,452 131,354 131,974 134,863 140,604 146,208
Net Debt 1 -193,795 -251,019 -266,658 -371,631 -375,361 -287,225 -306,291 -383,656
Reference price 2 296.00 182.65 240.02 262.10 187.55 158.40 158.40 158.40
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 29/4/22 27/4/23 19/4/24 16/4/25 16/4/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.6x3.56x12.43x3.08% 207B
21.99x4.64x11.38x0.76% 189B
-599.1x42.61x175.06x-.--% 124B
-133.59x18.57x102.82x-.--% 120B
13.62x1.52x7.99x3.52% 112B
13.27x2.4x9.06x6.19% 77.38B
19.25x5.15x12.66x2.92% 57.65B
-17.04x7.34x12.48x-.--% 48.05B
22.15x1.83x11.6x1.4% 43.68B
Average -70.87x 9.74x 39.50x 1.99% 108.72B
Weighted average by Cap. -79.34x 10.42x 43.04x 1.93%

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