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 1,623,810 - -
Change - -38.17% 25.2% 9.44% -28.33% -17.36% - -
Enterprise Value (EV) 1 3,042,265 1,749,875 2,238,476 2,369,995 1,589,490 1,336,657 1,296,211 1,240,250
Change - -42.48% 27.92% 5.88% -32.93% -15.91% -3.03% -4.32%
P/E 26.6x 17.7x 23.1x 20.9x 14.9x 12.3x 11.8x 11.3x
PBR 4.93x 2.56x 3.38x 3.33x 2.23x 2x 1.9x 1.79x
PEG - -2.45x 34.12x 1x 46.64x 1.93x 2.65x 2.86x
Capitalization / Revenue 4.09x 2.21x 2.79x 3.08x 2.12x 1.64x 1.6x 1.55x
EV / Revenue 3.85x 1.93x 2.49x 2.66x 1.72x 1.35x 1.27x 1.19x
EV / EBITDA 18.5x 10.4x 13.2x 13.1x 8.9x 6.95x 6.44x 6.03x
EV / EBIT 22.4x 12.9x 16.5x 15.7x 10.4x 8.3x 7.68x 7.15x
EV / FCF 33.6x 15.1x 13.5x 15.3x 11.9x 9.85x 8.9x 8.3x
FCF Yield 2.98% 6.62% 7.4% 6.53% 8.41% 10.2% 11.2% 12%
Dividend per Share 2 3 0.5 0.5 6 11 9.048 11.15 11.18
Rate of return 1.01% 0.27% 0.21% 2.29% 5.87% 5.51% 6.79% 6.81%
EPS 2 11.14 10.34 10.41 12.52 12.56 13.36 13.96 14.51
Distribution rate 26.9% 4.84% 4.8% 47.9% 87.6% 67.7% 79.9% 77.1%
Net sales 1 790,934 904,876 897,603 890,884 926,240 987,418 1,017,189 1,044,557
EBITDA 1 164,523 168,479 169,830 180,818 178,626 192,347 201,187 205,633
EBIT 1 135,931 135,134 135,759 151,239 152,154 161,102 168,854 173,439
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 -287,153 -327,599 -383,560
Reference price 2 296.00 182.65 240.02 262.10 187.55 164.15 164.15 164.15
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 4/29/22 4/27/23 4/19/24 4/16/25 4/16/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.15x3.63x12.69x3% 212B
-131.72x18.37x101.87x-.--% 118B
13.08x1.46x7.67x3.67% 108B
13.48x2.45x9.24x6.1% 78.59B
19.72x5.2x12.78x2.88% 58.2B
22.67x1.87x11.67x1.29% 44.4B
13.12x1.89x8x5.94% 42.26B
20.9x1.59x10.12x0.89% 40.58B
17.14x2.21x10.28x5.04% 35.52B
Average 1.17x 4.30x 20.48x 3.2% 82.02B
Weighted average by Cap. -5.77x 5.29x 25.32x 2.98%

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