Intrinsic Valuation of: WIPRO
Free Cash Flow Average and Growth over past 5Y Key Statistics
Year FCF FCF (FCF/Revenue)
2020 - - EPS (FY) 13 Market Cap ₹2,770B
2021 - - (-) P/E Ratio 21 Total Asset ₹1,287B
2022 ₹91B - (-) Net Income ₹131B Total Debt ₹64B
2023 ₹116B 27.7% (11.6%) EBITDA ₹214B Total Liab ₹456B
2024 ₹166B 43.1% (44.3%) Opr Margin 0.17 Debt/Equity 0.08
2025 ₹154B -6.8% (-6.1%) PreTax Margin 15.88 BV/Share 45
5Y Average FCF ₹132B 21.3% (16.6%)
Overall Market Assumptions:
Assumptions: P/E for No-Growth Company: 7.0
Perpetual Growth Rate (g): 2.5% Historical US Bond Yield: 4.4%
Discount Rate (WACC): 7.4% Current US Bond Yield: 3.5%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (21.3%)
2026 ₹187B MBG Intrinsic Value ₹112
2027 ₹227B
2028 ₹276B
2029 ₹335B
2030 ₹406B
2031 ₹493B
Terminal Value ₹10,246B Net Worth/Share ₹79
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹8,114B Growth Rate
(+) Cash & Cash Equivalents ₹122B ₹781 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹64B WACC 7.3% 680 734 798 877 976
Equity Value ₹8,172B 7.4% 674 726 789 866 963
Shares Outstanding 10,470,400,000 7.4% 668 719 781 856 950
7.9% 612 654 704 764 837
DCF Intrinsic Value ₹781 8.4% 563 599 640 688 747
Analyzed by QuantJuice (2025)