Wipro

₹304.5 -0.8 | 0.2%

WEBSITE BSE:507685 NSE : WIPRO LTD. 26 Dec, 16:01

Market Cap ₹318788 Cr.

Stock P/E 28.7

P/B 3.9

Current Price ₹304.5

Book Value ₹ 78.7

Face Value 2

52W High ₹320

Dividend Yield 0.33%

52W Low ₹ 208.4

Edit Ratio

Wipro Research see more...

Wipro tumbled on the disappointing report card and FIIs exodus amid the Russia and Ukraine war, what's next?

Overview Inc. Year: 1945Industry: IT - Software

Wipro Limited is an India-based international IT, consulting and commercial enterprise process offerings organisation. The Company operates thru 3 segments: IT Services, IT Products, and India State Run Enterprise segment (ISRE). The IT Services section provides a range of IT and IT-enabled offerings, which includes e digital strategy advisory, consumer-centric layout, technology consulting, IT consulting, custom application design, improvement, re-engineering and maintenance, structures integration and package deal implementation and worldwide infrastructure services. The IT Products segment presents a number of third-party IT merchandise, which permits it to provide IT system integration services. These merchandise include computing, systems and storage, networking solutions, agency information security and software products. The ISRE segment consists of IT offerings services to agencies owned or managed by the Government of India and/ or any Indian State Governments.

Wipro Share Price

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Peer Comparison

Wipro Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	21529	22540	23229	23190	22831	22516	22205	22208	21964	22302
Other Income	472	512	647	631	640	740	598	653	730	962
Total Income	22001	23052	23876	23822	23471	23256	22803	22861	22694	23264
Total Expenditure	17669	18601	18690	18671	18627	18543	18006	17808	17610	17798
Operating Profit	4332	4451	5186	5151	4844	4713	4797	5054	5084	5465
Interest	205	227	290	286	309	303	313	331	329	357
Depreciation	774	797	923	847	738	897	932	841	729	831
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	3354	3427	3973	4018	3797	3512	3553	3882	4026	4278
Provision for Tax	793	771	910	925	912	842	852	1004	985	1051
Profit After Tax	2560	2656	3062	3093	2886	2670	2701	2878	3041	3226
Adjustments	3	3	-10	-19	-16	-24	-7	-44	-38	-18
Profit After Adjustments	2564	2659	3053	3075	2870	2646	2694	2835	3003	3209
Adjusted Earnings Per Share	2.3	2.4	2.8	2.8	2.6	2.5	2.6	2.7	2.9	3.1

Wipro Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	43424	46951	51244	55448	54487	59019	61138	61935	79312	90488	89760	88679
Other Income	1922	2450	2752	2623	2559	2614	2725	2530	2141	2774	2676	2943
Total Income	45346	49401	53996	58071	57047	61633	63863	64464	81453	93262	92436	91622
Total Expenditure	33789	36652	40448	44128	44111	47402	48795	47302	62708	74143	73030	71222
Operating Profit	11557	12749	13548	13944	12936	14231	15067	17162	18745	19119	19407	20400
Interest	383	350	558	594	583	738	733	509	533	1008	1255	1330
Depreciation	1059	1175	1496	2310	2112	1947	2086	2763	3078	3340	3407	3333
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	10114	11224	11494	11039	10242	11542	12252	13903	15141	14766	14721	15739
Provision for Tax	2123	2510	2537	2521	2239	2524	2480	3035	2897	3399	3609	3892
Profit After Tax	7991	8714	8957	8518	8003	9018	9772	10868	12243	11367	11112	11846
Adjustments	-44	-53	-49	-25	-0	-14	-50	-72	-14	-17	-67	-107
Profit After Adjustments	7947	8661	8908	8493	8003	9004	9722	10796	12230	11350	11045	11741
Adjusted Earnings Per Share	6	6.6	6.8	6.6	6.6	7.5	8.5	9.9	11.2	10.3	10.6	11.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-1%	13%	9%	8%
Operating Profit CAGR	2%	4%	6%	5%
PAT CAGR	-2%	1%	4%	3%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	30%	-5%	19%	11%
ROE Average	15%	17%	18%	19%
ROCE Average	18%	19%	20%	22%

Wipro Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	32129	37092	46145	51670	47926	56423	55322	54901	65403	77668	74533
Minority's Interest	139	165	221	239	241	264	188	150	52	59	134
Borrowings	1091	1271	1736	1961	4527	2837	484	746	5646	6127	6230
Other Non-Current Liabilities	577	318	1637	1853	958	1406	3046	3765	5342	6294	8466
Total Current Liabilities	15598	19448	21851	22949	20730	21435	21639	23004	30833	26775	25246
Total Liabilities	49533	58293	71590	78672	75003	82364	80678	82566	107276	116924	114609
Fixed Assets	10649	10837	17279	19887	18127	17465	22062	23040	37990	44757	43628
Other Non-Current Assets	4239	4237	4029	4896	6260	7709	6631	7207	7211	6057	5915
Total Current Assets	34645	43219	50283	53890	47896	57167	51985	52319	62075	66110	65066
Total Assets	49533	58293	71590	78672	75003	82364	80678	82566	107276	116924	114609

Wipro Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	8484	11420	15871	9839	5072	4093	15853	14410	16966	10383	9186
Cash Flow from Operating Activities	6790	7840	7887	9277	8423	11632	10064	14755	11080	13060	17622
Cash Flow from Investing Activities	-277	-2596	-13816	-11628	3558	5013	3401	774	-22450	-8407	1168
Cash Flow from Financing Activities	-3570	-830	-159	-2275	-12998	-4937	-15100	-12884	4659	-6088	-18257
Net Cash Inflow / Outflow	2943	4415	-6087	-4626	-1017	11707	-1634	2645	-6711	-1435	533
Closing Cash & Cash Equivalent	11420	15894	9839	5072	4093	15853	14410	16966	10383	9186	9695

Wipro Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	6.05	6.58	6.76	6.55	6.63	7.46	8.51	9.85	11.15	10.34	10.57
CEPS(Rs)	6.88	7.51	7.93	8.35	8.38	9.09	10.38	12.44	13.97	13.4	13.89
DPS(Rs)	1.5	2.25	1.13	0.38	0.37	0.5	0.5	0.5	3	0.5	0.5
Book NAV/Share(Rs)	24.42	28.11	34.85	39.59	39.58	46.54	48.28	49.82	59.17	70.25	70.71
Core EBITDA Margin(%)	22.18	21.94	21.07	20.42	19.04	19.68	20.19	23.63	20.94	18.06	18.64
EBIT Margin(%)	24.17	24.65	23.52	20.98	19.87	20.81	21.24	23.27	19.76	17.43	17.8
Pre Tax Margin(%)	23.29	23.91	22.43	19.91	18.8	19.56	20.04	22.45	19.09	16.32	16.4
PAT Margin (%)	18.4	18.56	17.48	15.36	14.69	15.28	15.98	17.55	15.44	12.56	12.38
Cash Profit Margin (%)	20.84	21.06	20.4	19.53	18.56	18.58	19.39	22.01	19.32	16.25	16.18
ROA(%)	17.17	16.16	13.79	11.34	10.42	11.46	11.99	13.32	12.9	10.14	9.6
ROE(%)	27.27	25.22	21.6	17.52	16.16	17.36	17.56	19.8	20.5	16.01	14.72
ROCE(%)	29.89	28.14	23.26	18.68	16.95	19.16	20.05	22.81	21.8	18.21	17.62
Receivable days	68.14	68.81	68.08	64	65.59	62.3	61.18	58.57	48.21	48.72	49.17
Inventory Days	2.33	2.78	3.65	3.06	2.44	2.26	1.74	0.86	0.55	0.51	0.43
Payable days	615.66	634.62	655.11	661.05	962.43	1550.75	1941.09	2766.01	3277.83	3357.87	5212.04
PER(x)	16.83	17.89	15.62	14.75	15.91	17.07	11.55	21.02	26.54	17.66	22.71
Price/Book(x)	4.17	4.19	3.03	2.44	2.67	2.74	2.04	4.16	5	2.6	3.39
Dividend Yield(%)	1.47	1.91	1.07	0.39	0.36	0.39	0.51	0.24	1.01	0.27	0.21
EV/Net Sales(x)	2.94	3.11	2.77	2.42	2.51	2.5	1.73	3.52	4.15	2.28	2.84
EV/Core EBITDA(x)	11.03	11.47	10.47	9.63	10.57	10.39	7.01	12.72	17.57	10.79	13.15
Net Sales Growth(%)	16.01	8.12	9.14	8.2	-1.73	8.32	3.59	1.3	28.06	14.09	-0.8
EBIT Growth(%)	28.68	10.25	4.13	-3.47	-6.95	13.44	5.74	10.99	8.75	0.64	1.29
PAT Growth(%)	29.25	9.05	2.79	-4.9	-6.04	12.68	8.36	11.22	12.66	-7.16	-2.24
EPS Growth(%)	29.06	8.83	2.77	-3.09	1.25	12.47	14.04	15.8	13.21	-7.29	2.21
Debt/Equity(x)	0.16	0.21	0.27	0.28	0.29	0.18	0.14	0.15	0.23	0.19	0.19
Current Ratio(x)	2.22	2.22	2.3	2.35	2.31	2.67	2.4	2.27	2.01	2.47	2.58
Quick Ratio(x)	2.21	2.2	2.28	2.33	2.29	2.65	2.39	2.27	2.01	2.46	2.57
Interest Cover(x)	27.38	33.08	21.59	19.58	18.57	16.65	17.72	28.32	29.43	15.65	12.73
Total Debt/Mcap(x)	0.04	0.05	0.09	0.11	0.11	0.06	0.07	0.04	0.05	0.07	0.06

Wipro Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	73	72.95	72.94	72.92	72.91	72.93	72.9	72.89	72.82	72.8
FII	6.95	6.58	6.29	6.39	6.31	6.47	6.7	6.97	7.12	7.27
DII	3.44	7.96	7.84	8	7.57	8.03	8.12	8.28	8.25	8.71
Public	14.33	10.21	10.55	10.3	10.93	10.14	9.9	9.48	9.49	8.9
Others	2.29	2.3	2.37	2.39	2.27	2.43	2.37	2.39	2.32	2.31
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	400.2	400.2	400.2	400.2	400.2	380.84	380.84	380.84	380.84	380.84
FII	38.08	36.07	34.53	35.06	34.65	33.79	35.01	36.41	37.25	38.06
DII	18.85	43.66	43.03	43.9	41.54	41.93	42.44	43.25	43.14	45.58
Public	78.57	56	57.91	56.52	60.02	52.96	51.74	49.54	49.66	46.56
Others	12.54	12.63	13.01	13.12	12.48	12.67	12.4	12.48	12.13	12.1
Total	548.23	548.55	548.68	548.79	548.88	522.18	522.42	522.51	523.02	523.14

Pros

Company is almost debt free.

Cons

Debtor days have increased from 3357.87 to 5212.04days.
Stock is trading at 3.9 times its book value.
The company has delivered a poor profit growth of 4% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.