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 1,553,081 - -
Change - -38.17% 25.2% 9.44% -28.33% -20.96% - -
Enterprise Value (EV) 1 3,042,265 1,749,875 2,238,476 2,369,995 1,589,490 1,265,928 1,225,482 1,169,520
Change - -42.48% 27.92% 5.88% -32.93% -20.36% -3.19% -4.57%
P/E 26.6x 17.7x 23.1x 20.9x 14.9x 11.8x 11.3x 10.8x
PBR 4.93x 2.56x 3.38x 3.33x 2.23x 1.91x 1.82x 1.71x
PEG - -2.45x 34.12x 1x 46.64x 1.92x 2.42x 2.84x
Capitalization / Revenue 4.09x 2.21x 2.79x 3.08x 2.12x 1.57x 1.53x 1.49x
EV / Revenue 3.85x 1.93x 2.49x 2.66x 1.72x 1.28x 1.2x 1.12x
EV / EBITDA 18.5x 10.4x 13.2x 13.1x 8.9x 6.58x 6.09x 5.69x
EV / EBIT 22.4x 12.9x 16.5x 15.7x 10.4x 7.86x 7.26x 6.74x
EV / FCF 33.6x 15.1x 13.5x 15.3x 11.9x 9.33x 8.41x 7.83x
FCF Yield 2.98% 6.62% 7.4% 6.53% 8.41% 10.7% 11.9% 12.8%
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% 5.76% 7.1% 7.12%
EPS 2 11.14 10.34 10.41 12.52 12.56 13.33 13.96 14.49
Distribution rate 26.9% 4.84% 4.8% 47.9% 87.6% 67.9% 79.9% 77.2%
Net sales 1 790,934 904,876 897,603 890,884 926,240 987,410 1,017,182 1,044,545
EBITDA 1 164,523 168,479 169,830 180,818 178,626 192,344 201,184 205,629
EBIT 1 135,931 135,134 135,759 151,239 152,154 161,102 168,854 173,435
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 2 296.00 182.65 240.02 262.10 187.55 157.00 157.00 157.00
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.($)
21.6x3.56x12.43x3.08% 207B
-129.95x18.06x99.96x-.--% 116B
13.16x1.47x7.72x3.65% 108B
13.16x2.39x9.01x6.24% 76.63B
19.26x5.15x12.66x2.91% 57.36B
22.08x1.83x11.56x1.41% 43.4B
13.31x1.92x8.14x5.85% 42.86B
20.7x1.58x9.93x0.9% 40.25B
103.08x10.29x38.44x-.--% 35.82B
Average 10.71x 5.14x 23.32x 2.67% 80.93B
Weighted average by Cap. -1.45x 5.59x 26.21x 2.78%

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