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 1,794,451 - -
Change - -38.17% 25.2% 9.44% -28.33% -8.67% - -
Enterprise Value (EV) 1 3,042,265 1,749,875 2,238,476 2,369,995 1,589,490 1,507,297 1,466,924 1,410,597
Change - -42.48% 27.92% 5.88% -32.93% -5.17% -2.68% -3.84%
P/E 26.6x 17.7x 23.1x 20.9x 14.9x 13.6x 13x 12.5x
PBR 4.93x 2.56x 3.38x 3.33x 2.23x 2.21x 2.1x 1.98x
PEG - -2.45x 34.12x 1x 46.64x 2.15x 2.9x 3.23x
Capitalization / Revenue 4.09x 2.21x 2.79x 3.08x 2.12x 1.82x 1.76x 1.72x
EV / Revenue 3.85x 1.93x 2.49x 2.66x 1.72x 1.53x 1.44x 1.35x
EV / EBITDA 18.5x 10.4x 13.2x 13.1x 8.9x 7.83x 7.29x 6.86x
EV / EBIT 22.4x 12.9x 16.5x 15.7x 10.4x 9.35x 8.69x 8.14x
EV / FCF 33.6x 15.1x 13.5x 15.3x 11.9x 11.1x 10.1x 9.44x
FCF Yield 2.98% 6.62% 7.4% 6.53% 8.41% 9.01% 9.93% 10.6%
Dividend per Share 2 3 0.5 0.5 6 11 9.047 11.15 11.19
Rate of return 1.01% 0.27% 0.21% 2.29% 5.87% 4.99% 6.15% 6.17%
EPS 2 11.14 10.34 10.41 12.52 12.56 13.36 13.96 14.5
Distribution rate 26.9% 4.84% 4.8% 47.9% 87.6% 67.7% 79.9% 77.2%
Net sales 1 790,934 904,876 897,603 890,884 926,240 987,460 1,016,861 1,044,004
EBITDA 1 164,523 168,479 169,830 180,818 178,626 192,451 201,167 205,675
EBIT 1 135,931 135,134 135,759 151,239 152,154 161,183 168,858 173,370
Net income 1 122,191 113,500 110,452 131,354 131,974 135,028 140,592 145,905
Net Debt 1 -193,795 -251,019 -266,658 -371,631 -375,361 -287,154 -327,527 -383,854
Reference price 2 296.00 182.65 240.02 262.10 187.55 181.40 181.40 181.40
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 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.($)
22.96x3.75x13.08x2.89% 220B
14.1x1.55x8.16x3.4% 116B
-115.94x18.44x106.65x-.--% 115B
15.54x2.85x10.74x5.29% 91.23B
20.92x5.47x13.43x2.72% 63.24B
14.86x2.16x9.18x5.24% 48.26B
21.83x1.79x11.03x1.39% 42.01B
21.31x1.62x10.27x0.87% 40.75B
18.11x2.29x10.97x4.82% 37.32B
Average 3.74x 4.43x 21.50x 2.96% 86.02B
Weighted average by Cap. -0.91x 5.24x 25.38x 2.86%

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