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 1,752,409 - -
Change - -38.17% 25.2% 9.44% -28.33% -10.81% - -
Enterprise Value (EV) 1 3,042,265 1,749,875 2,238,476 2,369,995 1,589,490 1,466,965 1,428,014 1,374,155
Change - -42.48% 27.92% 5.88% -32.93% -7.71% -2.66% -3.77%
P/E 26.6x 17.7x 23.1x 20.9x 14.9x 13.3x 12.7x 12.2x
PBR 4.93x 2.56x 3.38x 3.33x 2.23x 2.16x 2.08x 1.94x
PEG - -2.45x 34.12x 1x 46.64x 2.15x 2.83x 2.94x
Capitalization / Revenue 4.09x 2.21x 2.79x 3.08x 2.12x 1.77x 1.72x 1.68x
EV / Revenue 3.85x 1.93x 2.49x 2.66x 1.72x 1.49x 1.4x 1.32x
EV / EBITDA 18.5x 10.4x 13.2x 13.1x 8.9x 7.63x 7.1x 6.67x
EV / EBIT 22.4x 12.9x 16.5x 15.7x 10.4x 9.1x 8.45x 7.92x
EV / FCF 33.6x 15.1x 13.5x 15.3x 11.9x 10.7x 9.79x 9.14x
FCF Yield 2.98% 6.62% 7.4% 6.53% 8.41% 9.35% 10.2% 10.9%
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% 5.11% 6.3% 6.32%
EPS 2 11.14 10.34 10.41 12.52 12.56 13.34 13.93 14.51
Distribution rate 26.9% 4.84% 4.8% 47.9% 87.6% 67.8% 80% 77.2%
Net sales 1 790,934 904,876 897,603 890,884 926,240 987,606 1,016,587 1,044,823
EBITDA 1 164,523 168,479 169,830 180,818 178,626 192,278 201,091 205,924
EBIT 1 135,931 135,134 135,759 151,239 152,154 161,171 168,947 173,573
Net income 1 122,191 113,500 110,452 131,354 131,974 134,802 140,380 146,104
Net Debt 1 -193,795 -251,019 -266,658 -371,631 -375,361 -285,444 -324,395 -378,255
Reference price 2 296.00 182.65 240.02 262.10 187.55 177.15 177.15 177.15
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.07x3.42x11.89x3.27% 194B
-92.86x14.68x84.97x-.--% 91.89B
10.27x1.13x5.93x4.68% 84.9B
14.54x2.65x10.01x5.65% 83.8B
19.18x5.09x12.52x2.95% 56.97B
13.66x1.98x8.37x5.76% 43.79B
16.96x2.19x10.16x5.1% 34.78B
18.54x1.49x9.37x1.6% 34.34B
19.57x1.45x9.17x1.01% 34.32B
Average 4.44x 3.79x 18.04x 3.34% 73.22B
Weighted average by Cap. 1.58x 4.38x 20.53x 3.33%

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