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Company details

462.00
470.50
375.05
545.90
6M Return 15.19%
1Y Return 16.60%
Mkt Cap.(Cr) 242,263.52
Volume 4,102,763
Div Yield 0.22%
OI
-
OI Chg %
-
Volume 4,102,763

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About The Stock

    Wipro is an IT, consulting & BPO player catering to BFSI, health, consumer, energy & utility, technology and communication.

    • With over 230000 employees, it serves clients across six continents

     

    • Consistent payout (~70%), healthy OCF to EBITDA ratio of ~89%
Q4FY23 Results:

    Wipro reported weak Q4 results on the revenue front.

    • IT services revenue declined 0.6% QoQ in CC terms and increased 0.7% QoQ in dollar terms
    • IT services EBIT margins flat QoQ at 16.3%
    • Reported TCV of US$4.1 billion (bn), up 29% YoY

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Research view on more stocks

IT Consulting & Software company Wipro announced Q4FY24 & FY24 results:

Q4FY24FY24 Financial Highlights:

  • Gross revenue reached Rs 222.1 billion (USD 2.7 billion), flat QoQ.
  • IT services segment revenue was at USD 2,657.4 million, an increase of 0.1% QoQ and decrease of 6.4% YoY.
  • Non-GAAP constant currency IT Services segment revenue decreased 0.3% QoQ, and 6.6% YoY.
  • Total bookings was at USD 3.6 billion. Large deal bookings4 was at USD 1.2 billion, increase of 31.1% QoQ and 9.5% YoY.
  • IT services operating margin5 for the quarter was at 16.4%, up by 40 bps QoQ.
  • Net income for the quarter was at Rs 28.3 billion (USD 341.0 million), an increase of 5.2% QoQ.
  • Earnings per share for the quarter was at Rs 5.43 (USD 0.07), an increase of 5.2% QoQ.
  • Operating cash flows of Rs 52.2 billion (USD 626.1 million), an increase of 9.0% QoQ and at 182.6% of Net Income for the quarter.
  • Voluntary attrition was at 14.2% on a trailing 12-month basis.

FY24 Financial Highlights:

  • Gross revenue reached Rs 897.6 billion (USD 10.8 billion ), a decrease of 0.8% YoY.
  • IT services segment revenue was at USD 10,805.3 million, a decrease of 3.8% YoY.
  • Non-GAAP constant currency IT Services segment revenue decreased 4.4% YoY.
  • Large deal bookings was at USD 4.6 billion, up by 17.4% YoY. Total bookings was at USD 14.9 billion decrease of 5.5% YoY.
  • IT services operating margin for the year was at 16.1%, up by 50 bps YoY.
  • Net income for the year was at Rs 110.5 billion (USD 1,325.3 million), a decrease of 2.7% YoY.
  • Earnings per share for the year was at Rs 20.89 (USD 0.25), an increase of 0.8% YoY.
  • Operating cash flows of Rs 176.2 billion (USD 2,114.0 million), an increase of 34.9% YoY and at 158.6% of Net Income for the year.

Commenting on the results,Srini Pallia, CEO and Managing Director, said “FY24 proved to be a challenging year for our industry, and the macroeconomic environment remains uncertain. However, I am optimistic about the opportunities that lie ahead. We are on the brink of a major technological shift. Artificial intelligence is transforming our clients’ needs as they seek to harness its power for competitive advantage and enhanced business value. At Wipro, we have been gearing up for this moment. We have the capabilities, leadership, and the strength of over 230,000 Wiproites around the world to help us realize our goals. Although there’s a considerable amount of work ahead of us, I am confident that together, with our collective effort, we can pave the way for the next chapter of growth.”

Commenting on the results, Aparna Iyer, Chief Financial Officer, said “We expanded our margins by 40 basis points during the quarter resulting in EPS growth of 5.2% QoQ in Q4FY24. Despite a challenging macro-environment our IT services margin expanded by 50 basis points for the full year FY24. We generated highest operating cash flow in recent years which is at 183% of our net- income in Q4FY24 and 159% on a full year basis.”

Result PDF

View Other Company Results

Wipro Shares SWOT Analysis

Strengths (9)

  • Rising Net Cash Flow and Cash from Operating activity
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (5)

  • Inefficient use of assets to generate profits - ROA declining in the last 2 years
  • Degrowth in Revenue and Profit
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Opportunity (0)

Data not found

Threats (3)

  • Promoter decreasing their shareholding
  • Red Flag: Resignation of Top Management
  • Increasing Trend in Non-Core Income

Resistance and support

R1 468.8
R2 473.9
R3 477.3
Pivot

465.38

S1 460.3
S2 456.9
S3 451.8
EMA SMA
462.2
469.8
468.6
454.5
460.2
473.3
483.3
447.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 2024-01-25 478.05 175224 NSE
MARSHALL WACE INVESTMENT STRATEGIES TOPS FUND Block Purchase 2024-01-25 478.05 174348 NSE
SOCIETE GENERALE Block Sell 2024-01-25 478.05 349572 NSE
Name Category Shares
AZIM H PREMJI PROMOTER 4.13%
MR AZIM HASHAM PREMJI PARTNER REPRESENTING ZASH TRADERS PROMOTER 20.68%
MR AZIM HASHAM PREMJI PARTNER REPRESENTING PRAZIM TRADERS PROMOTER 20.39%
MR AZIM HASHAM PREMJI PARTNER REPRESENTING HASHAM TRADERS PROMOTER 16.92%
AZIM PREMJI TRUST PROMOTER 10.17%

OUR RESEARCH VIEW

Investment recommendation
Call Date
29 Apr 2023
Entry Price 385.00
Target Price 420.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Wipro Stocks Comparison

Financials( in Cr) Wipro Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd LTIMindtree Ltd
Price 463.65 3,849.50 1,465.10 1,345.20 4,839.75
% Change -0.46 -1.13 -0.50 -0.62 0.17
Mcap Cr 242,263.52 1,392,782.98 608,143.52 365,042.22 143,335.49
Revenue TTM Cr 90,487.60 240,893.00 153,670.00 101,456.00 33,183.00
Net Profit TTM Cr 11,366.50 46,099.00 26,248.00 14,845.00 4,410.30
PE TTM 21.94 29.90 23.37 23.26 31.29
1 Year Return 16.60 16.76 12.70 21.48 -0.37
ROCE 17.11 62.85 44.74 27.62 34.87
ROE 15.89 51.04 37.12 23.32 28.56
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 77,667.90 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,796.39 -24,413.80
LAST 3M 102,786.44 -26,675.26
LAST 6M 169,824.52 52,410.32
LAST 12M 262,867.28 126,756.31
Wipro Limited - Press Release

May 24, 2024 l NSE Announcement

Wipro files Annual Report on Form 20-F with SEC

May 23, 2024 l BSE Announcement

Wipro Limited - Press Release

May 23, 2024 l NSE Announcement

Date Action Type Ratio
Jan 24, 2024 Dividend 50
Jan 24, 2023 Dividend 50
Apr 05, 2022 Dividend 250

Wipro Information

Stock PE (TTM)
21.94
Promoter Holding
72.89%
Book Value
142.5642
ROCE
17.11%
ROE
15.89%
Description
  • Wipro Limited is engaged in IT Consulting & Software, having its market capitalization worth INR 2,57,108.70 Cr. as of 16th April 2021. Wipro was formed in 1945, and the company has reported quarterly revenue of INR 13,260.00 Cr. at the end of December 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 507685 and on the National Stock Exchange (NSE) with the symbol WIPRO. Initially set up as a manufacturer of vegetable and refined oils. It is now an Indian multinational corporation that provides information technology, consulting and business process services and is headquartered in Bangalore. Wipro is a market leader in technology and IT. Wipro has used its power of analytics and robotics to help its clients spread across the world. Since the June 2020 quarter, the company has been proliferating its revenues, which stands at Rs. 16,245 cr. as of 31 March 2021. Numerous institutional investors invested in the company, and during the quarter of June 2019, shares worth $762.9 thousand were bought. Since September 2020, there has been a remarkable rise in the overview of revenue from CR 15096 to 15750 in March 2020. The company has been experiencing a reduction in the debt for 3 consecutive years, which stands at only a paltry amount of Rs. 4,317 cr. Wipro has numerous subsidiaries, namely Capco, Wipro digital and Top coder, Yardley London, Wipro Technologies. The firm is the worlds first PCMM Level 5, and SEI CMM Level 5 accredited IT services firm. Since 23 April 2021, Wipro has risen to become the third most valuable Indian IT company in market capitalization. The group also founded a joint venture called WMNETSERV Ltd. with Motorola to provide telecom operators with world-class regulated services in network operations. Wipro has also managed to acquire PARI, which is precision automation and robotics India, which is a massive step in their robotics arena and will help the company go global in the robotics arena. The companys Return on Equity has been increasing, and it now stands at 17.57 per cent in March 2020, up from 15.95 per cent in March 2019. Wipro has earned the Google cloud partner specialty in technology growth for the year 2021.

Registered Address

Doddakannelli, Sarjapur Road, Bangalore, Karnataka, 560035

Tel : 91-80-28440011
Email : info:wipro.com
Website : http://www.wipro.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 507685
NSE Code : WIPRO
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE075A01022

Wipro SHARES FAQs

You can buy Wipro Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Wipro Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:59 PM the closing price of Wipro Ltd was Rs.463.65.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 03:59 PM, the market cap of Wipro Ltd stood at Rs. 242,263.52.

The latest PE ratio of Wipro Ltd as of May 24, 2024 03:59 PM is 21.94

The latest PB ratio of Wipro Ltd as of May 24, 2024 03:59 PM is 0.31

The 52-week high of Wipro Ltd share price is Rs. 545.90 while the 52-week low is Rs. 375.05

According to analyst recommendations, Wipro Ltd Share has a "Buy" rating for the long term.

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