Wipro

₹454.9 -0.1 | 0%

WEBSITE BSE:507685 NSE : WIPRO LTD. 10 May, 09:19

Market Cap ₹237785 Cr.

Stock P/E 21.8

P/B 3.2

Current Price ₹454.9

Book Value ₹ 142.6

Face Value 2

52W High ₹546.1

Dividend Yield 0.22%

52W Low ₹ 375

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.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	20315	20861	21529	22540	23229	23190	22831	22516	22205	22208
Other Income	477	502	472	512	647	631	648	740	598	653
Total Income	20792	21363	22001	23052	23876	23822	23479	23256	22803	22861
Total Expenditure	16134	16723	17669	18601	18690	18671	18635	18543	18006	17808
Operating Profit	4657	4640	4332	4451	5186	5151	4844	4713	4797	5054
Interest	140	172	205	227	290	286	309	303	313	331
Depreciation	746	735	774	797	923	847	738	897	932	841
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	3771	3734	3354	3427	3973	4018	3797	3512	3553	3882
Provision for Tax	806	640	793	771	910	925	912	842	852	1004
Profit After Tax	2965	3094	2560	2656	3062	3093	2886	2670	2701	2878
Adjustments	4	-7	3	3	-10	-19	-16	-24	-7	-44
Profit After Adjustments	2969	3087	2564	2659	3053	3075	2870	2646	2694	2835
Adjusted Earnings Per Share	5.4	5.6	4.7	4.8	5.6	5.6	5.2	5.1	5.2	5.4

Wipro Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	37430	43424	46951	51244	55448	54487	59019	61138	61935	79312	90488	89760
Other Income	1441	1922	2450	2752	2623	2559	2614	2725	2530	2141	2765	2639
Total Income	38871	45346	49401	53996	58071	57047	61633	63863	64464	81453	93253	92399
Total Expenditure	29773	33789	36652	40448	44128	44111	47402	48795	47302	62708	74134	72992
Operating Profit	9098	11557	12749	13548	13944	12936	14231	15067	17162	18745	19119	19408
Interest	289	383	350	558	594	583	738	733	509	533	1008	1256
Depreciation	940	1059	1175	1496	2310	2112	1947	2086	2763	3078	3340	3408
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	7869	10114	11224	11494	11039	10242	11542	12252	13903	15141	14766	14744
Provision for Tax	1687	2123	2510	2537	2521	2239	2524	2480	3035	2897	3399	3610
Profit After Tax	6182	7991	8714	8957	8518	8003	9018	9772	10868	12243	11367	11135
Adjustments	-32	-44	-53	-49	-25	-0	-14	-50	-72	-14	-17	-91
Profit After Adjustments	6150	7947	8661	8908	8493	8003	9004	9722	10796	12230	11350	11045
Adjusted Earnings Per Share	9.4	12.1	13.2	13.5	13.1	13.3	14.9	17	19.7	22.3	20.7	20.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	14%	14%	11%	9%
Operating Profit CAGR	2%	8%	8%	8%
PAT CAGR	-7%	5%	7%	6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	19%	-5%	9%	9%
ROE Average	16%	19%	18%	20%
ROCE Average	18%	21%	20%	22%

Wipro Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	26565	32129	37092	46145	51670	47926	56423	55322	54901	65403	77668
Minority's Interest	117	139	165	221	239	241	264	188	150	52	59
Borrowings	85	1091	1271	1736	1961	4527	2837	484	746	5646	6127
Other Non-Current Liabilities	249	577	318	1637	1853	958	1406	3046	3765	5342	6294
Total Current Liabilities	16555	15598	19448	21851	22949	20730	21435	21639	23004	30833	26775
Total Liabilities	43572	49533	58293	71590	78672	75003	82364	80678	82566	107276	116924
Fixed Assets	9996	10649	10837	17279	19887	18127	17465	22062	23040	37990	44757
Other Non-Current Assets	3512	4239	4237	4029	4896	6260	7709	6631	7207	7211	6057
Total Current Assets	30064	34645	43219	50283	53890	47896	57167	51985	52319	62075	66110
Total Assets	43572	49533	58293	71590	78672	75003	82364	80678	82566	107276	116924

Wipro Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	7767	8484	11420	15871	9839	5072	4093	15853	14410	16966	10383
Cash Flow from Operating Activities	6394	6790	7840	7887	9277	8423	11632	10064	14755	11080	13060
Cash Flow from Investing Activities	-4598	-277	-2596	-13816	-11628	3558	5013	3401	774	-22450	-8407
Cash Flow from Financing Activities	-1140	-3570	-830	-159	-2275	-12998	-4937	-15100	-12884	4659	-6088
Net Cash Inflow / Outflow	656	2943	4415	-6087	-4626	-1017	11707	-1634	2645	-6711	-1435
Closing Cash & Cash Equivalent	8484	11420	15894	9839	5072	4093	15853	14410	16966	10383	9186

Wipro Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	9.37	12.09	13.16	13.52	13.1	13.27	14.92	17.02	19.71	22.31	20.68
CEPS(Rs)	10.85	13.77	15.02	15.87	16.71	16.77	18.17	20.75	24.88	27.95	26.8
DPS(Rs)	2.62	8	12	6	2	1	1	1	1	6	1
Book NAV/Share(Rs)	40.38	48.83	56.22	69.71	79.17	79.16	93.07	96.56	99.64	118.35	140.5
Core EBITDA Margin(%)	20.46	22.18	21.94	21.07	20.42	19.04	19.68	20.19	23.63	20.94	18.07
EBIT Margin(%)	21.79	24.17	24.65	23.52	20.98	19.87	20.81	21.24	23.27	19.76	17.43
Pre Tax Margin(%)	21.02	23.29	23.91	22.43	19.91	18.8	19.56	20.04	22.45	19.09	16.32
PAT Margin (%)	16.52	18.4	18.56	17.48	15.36	14.69	15.28	15.98	17.55	15.44	12.56
Cash Profit Margin (%)	19.03	20.84	21.06	20.4	19.53	18.56	18.58	19.39	22.01	19.32	16.25
ROA(%)	14.25	17.17	16.16	13.79	11.34	10.42	11.46	11.99	13.32	12.9	10.14
ROE(%)	23.14	27.27	25.22	21.6	17.52	16.16	17.36	17.56	19.8	20.5	16.01
ROCE(%)	24.77	29.89	28.14	23.25	18.68	16.95	19.16	20.05	22.81	21.8	18.21
Receivable days	76.58	68.14	68.81	68.08	64	65.59	62.3	61.18	58.57	48.21	48.72
Inventory Days	6.79	2.33	2.78	3.65	3.06	2.44	2.26	1.74	0.86	0.55	0.51
Payable days	568.76	615.66	634.62	655.11	661.05	962.43	1550.75	1941.09	2766.01	3277.83	3357.87
PER(x)	17.5	16.83	17.89	15.62	14.75	15.91	17.07	11.55	21.02	26.54	17.66
Price/Book(x)	4.06	4.17	4.19	3.03	2.44	2.67	2.74	2.04	4.16	5	2.6
Dividend Yield(%)	1.6	1.47	1.91	1.07	0.39	0.36	0.39	0.51	0.24	1.01	0.27
EV/Net Sales(x)	2.82	2.94	3.11	2.77	2.42	2.51	2.5	1.73	3.52	4.15	2.28
EV/Core EBITDA(x)	11.6	11.03	11.47	10.47	9.63	10.57	10.39	7.01	12.72	17.57	10.79
Net Sales Growth(%)	0.65	16.01	8.12	9.14	8.2	-1.73	8.32	3.59	1.3	28.06	14.09
EBIT Growth(%)	11.37	28.68	10.25	4.13	-3.47	-6.95	13.44	5.74	10.99	8.75	0.64
PAT Growth(%)	10.46	29.25	9.05	2.79	-4.9	-6.04	12.68	8.36	11.22	12.66	-7.16
EPS Growth(%)	9.53	29.06	8.83	2.77	-3.09	1.25	12.47	14.04	15.8	13.21	-7.29
Debt/Equity(x)	0.24	0.16	0.21	0.27	0.28	0.29	0.18	0.14	0.15	0.23	0.19
Current Ratio(x)	1.82	2.22	2.22	2.3	2.35	2.31	2.67	2.4	2.27	2.01	2.47
Quick Ratio(x)	1.8	2.21	2.2	2.28	2.33	2.29	2.65	2.39	2.27	2.01	2.46
Interest Cover(x)	28.19	27.38	33.08	21.59	19.58	18.57	16.65	17.72	28.32	29.43	15.65
Total Debt/Mcap(x)	0.06	0.04	0.05	0.09	0.11	0.11	0.06	0.07	0.04	0.05	0.07

Wipro Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.01	73	73	72.95	72.94	72.92	72.91	72.93	72.9	72.89
FII	9.34	8.11	6.95	6.58	6.29	6.39	6.31	6.47	6.7	6.97
DII	2.78	3.25	3.44	7.96	7.84	8	7.57	8.03	8.12	8.28
Public	12.23	13.18	14.33	10.21	10.55	10.3	10.93	10.14	9.9	9.48
Others	2.65	2.46	2.29	2.3	2.37	2.39	2.27	2.43	2.37	2.39
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	400.2	400.2	400.2	400.2	400.2	400.2	400.2	380.84	380.84	380.84
FII	51.18	44.46	38.08	36.07	34.53	35.06	34.65	33.79	35.01	36.41
DII	15.22	17.83	18.85	43.66	43.03	43.9	41.54	41.93	42.44	43.25
Public	67.02	72.25	78.57	56	57.91	56.52	60.02	52.96	51.74	49.54
Others	14.51	13.47	12.54	12.63	13.01	13.12	12.48	12.67	12.4	12.48
Total	548.13	548.21	548.23	548.55	548.68	548.79	548.88	522.18	522.42	522.51

Pros

Company is almost debt free.

Cons

Debtor days have increased from 3277.83 to 3357.87days.
Stock is trading at 3.2 times its book value.
The company has delivered a poor profit growth of 7% 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.