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 1,336,656 1,296,283 1,239,956
Change - -42.48% 27.92% 5.88% -32.93% -15.91% -3.02% -4.35%
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 2.64x 2.85x
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 9.047 11.15 11.19
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 1 790,934 904,876 897,603 890,884 926,240 987,358 1,017,378 1,044,868
EBITDA 1 164,523 168,479 169,830 180,818 178,626 192,334 201,227 205,702
EBIT 1 135,931 135,134 135,759 151,239 152,154 161,092 168,887 173,492
Net income 1 122,191 113,500 110,452 131,354 131,974 134,854 140,634 146,267
Net Debt 1 -193,795 -251,019 -266,658 -371,631 -375,361 -287,154 -327,527 -383,854
Reference price 2 296.00 182.65 240.02 262.10 187.55 164.15 164.15 164.15
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 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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.3x3.65x12.76x2.98% 214B
-130.96x18.27x101.27x-.--% 118B
13.18x1.45x7.63x3.64% 109B
13.51x2.46x9.27x6.08% 78.66B
19.71x5.2x12.77x2.88% 58.06B
22.47x1.84x11.5x1.3% 43.57B
13.3x1.92x8.13x5.86% 42.8B
20.97x1.59x10.13x0.9% 39.98B
103.96x10.39x38.79x-.--% 36.12B
Average 10.94x 5.20x 23.58x 2.63% 82.16B
Weighted average by Cap. -1.17x 5.66x 26.52x 2.73%

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