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 5

Current Price ₹304.5

Book Value ₹ 61.3

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.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

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
Net Sales	38757	41210	44681	46048	44710	48124	50407	50299	59574	67753	66792
Other Income	1799	2502	2711	2925	2515	2569	2753	2691	4810	2834	3178
Total Income	40556	43712	47391	48973	47225	50692	53160	52991	64384	70587	69970
Total Expenditure	29836	32013	35372	36770	35791	39363	40476	38554	47267	56097	55241
Operating Profit	10720	11698	12020	12203	11433	11330	12684	14437	17117	14490	14729
Interest	375	363	550	468	384	525	535	403	367	629	820
Depreciation	737	778	875	1048	1015	934	1141	1349	1486	1592	1492
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	9608	10557	10594	10687	10034	9871	11008	12685	15264	12269	12418
Provision for Tax	2221	2364	2394	2525	2312	2257	2327	2624	3129	3092	3299
Profit After Tax	7387	8193	8201	8162	7723	7614	8681	10061	12135	9177	9119
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	7387	8193	8201	8162	7723	7614	8681	10061	12135	9177	9119
Adjusted Earnings Per Share	5.6	6.2	6.2	6.3	6.4	6.3	7.6	9.2	11.1	8.4	8.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-1%	10%	7%	6%
Operating Profit CAGR	2%	1%	5%	3%
PAT CAGR	-1%	-3%	4%	2%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	30%	-5%	19%	11%
ROE Average	15%	19%	19%	20%
ROCE Average	20%	23%	23%	24%

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	29356	34622	41226	46706	42263	49392	46454	45242	54351	62762	57782
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	1006	1063	1147	1146	72	22	25	14	6	0	0
Other Non-Current Liabilities	341	193	915	1230	848	1049	1951	2301	2799	3636	5396
Total Current Liabilities	14885	17365	15212	13840	15036	16145	16444	18132	23174	18843	18445
Total Liabilities	45588	53243	58500	62922	58219	66607	64873	65689	80330	85241	81624
Fixed Assets	3975	4038	4068	4362	4367	4401	6639	7288	8038	8825	7860
Other Non-Current Assets	9009	9349	9172	9832	10885	14476	12520	13021	20520	22438	23200
Total Current Assets	32604	39856	45260	48727	42922	47730	45713	45380	51772	53978	50564
Total Assets	45588	53243	58500	62922	58219	66607	64873	65689	80330	85241	81624

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	7800	10555	14920	8343	3362	1922	10390	10444	9783	4898	4527
Cash Flow from Operating Activities	6589	7704	6687	7371	6471	10210	9068	12728	7241	11192	14216
Cash Flow from Investing Activities	240	-1495	-9805	-7891	5002	-371	3203	-1275	-12611	-4762	2237
Cash Flow from Financing Activities	-4089	-1836	-3490	-4368	-12918	-1395	-12233	-12106	495	-6804	-17159
Net Cash Inflow / Outflow	2740	4373	-6608	-4888	-1445	8444	38	-653	-4876	-374	-706
Closing Cash & Cash Equivalent	10555	14943	8343	3362	1922	10390	10444	9783	4898	4527	3791

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)	5.62	6.22	6.22	6.3	6.4	6.31	7.6	9.18	11.07	8.36	8.73
CEPS(Rs)	6.18	6.81	6.89	7.1	7.24	7.08	8.6	10.41	12.42	9.81	10.15
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)	22.3	26.24	31.12	35.76	34.89	40.71	40.52	41.01	49.09	56.67	54.68
Core EBITDA Margin(%)	23.01	22.32	20.83	20.15	19.95	18.21	19.7	23.35	20.66	17.2	17.29
EBIT Margin(%)	25.75	26.5	24.94	24.23	23.3	21.6	22.9	26.02	26.24	19.04	19.82
Pre Tax Margin(%)	24.79	25.62	23.71	23.21	22.44	20.51	21.84	25.22	25.62	18.11	18.59
PAT Margin (%)	19.06	19.88	18.35	17.72	17.27	15.82	17.22	20	20.37	13.54	13.65
Cash Profit Margin (%)	20.96	21.77	20.31	20	19.54	17.76	19.49	22.68	22.86	15.89	15.89
ROA(%)	17.14	16.58	14.68	13.44	12.75	12.2	13.2	15.41	16.62	11.09	10.93
ROE(%)	27.62	25.66	21.71	18.69	17.47	16.69	18.19	22.06	24.58	15.82	15.28
ROCE(%)	31.07	29.25	25.11	22.08	20.61	20.27	21.78	25.52	27.65	19.85	20.38
Receivable days	80.27	73.93	67.57	65.5	71.97	70.34	66.27	62.78	53.12	51.87	50.49
Inventory Days	2.58	3.13	4.11	3.5	2.65	2.41	1.86	0.96	0.55	0.48	0.45
Payable days	752.81	794.77	707.47	635.08	955.31	1501.67	1772.83	2541.19	3332.59	4863.4	7206.58
PER(x)	18.11	18.92	16.97	15.35	16.49	20.19	12.94	22.56	26.74	21.85	27.51
Price/Book(x)	4.56	4.49	3.39	2.7	3.03	3.13	2.43	5.05	6.03	3.22	4.39
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)	3.3	3.53	3.08	2.78	2.93	3.08	2.12	4.43	5.49	2.97	3.76
EV/Core EBITDA(x)	11.93	12.43	11.45	10.49	11.44	13.1	8.43	15.44	19.12	13.88	17.06
Net Sales Growth(%)	16.65	6.33	8.42	3.06	-2.91	7.64	4.74	-0.21	18.44	13.73	-1.42
EBIT Growth(%)	32.09	9.39	2.05	0.1	-6.6	-0.22	11.04	13.38	19.44	-17.49	2.63
PAT Growth(%)	30.75	10.91	0.09	-0.47	-5.38	-1.41	14.01	15.9	20.62	-24.38	-0.63
EPS Growth(%)	30.59	10.79	0.01	1.16	1.67	-1.44	20.41	20.86	20.55	-24.46	4.37
Debt/Equity(x)	0.16	0.18	0.17	0.14	0.14	0.1	0.11	0.13	0.14	0.08	0.07
Current Ratio(x)	2.19	2.3	2.98	3.52	2.85	2.96	2.78	2.5	2.23	2.86	2.74
Quick Ratio(x)	2.18	2.27	2.94	3.5	2.84	2.94	2.77	2.5	2.23	2.86	2.74
Interest Cover(x)	26.64	30.09	20.27	23.84	27.11	19.8	21.57	32.51	42.55	20.51	16.15
Total Debt/Mcap(x)	0.03	0.04	0.05	0.05	0.05	0.03	0.04	0.03	0.02	0.03	0.02

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 4863.4 to 7206.58days.
Stock is trading at 5 times its book value.
The company has delivered a poor profit growth of 3% 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.