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 ₹1,992B
2021 - - (-) P/E Ratio 15 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 16.91 Debt/Equity 0.08
2025 ₹154B -6.8% (-6.1%) PreTax Margin 15.88 BV/Share 45
5Y Average FCF ₹132B 11.1% (16.6%)
Overall Market Assumptions:
Assumptions: P/E for No-Growth Company: 7.0
Perpetual Growth Rate (g): 2.48% Historical US Bond Yield: 4.40%
Discount Rate (WACC): 7.13% Current US Bond Yield: 3.48%
Forcasting Future Free Cash Flow for next 6Y Modified Benjamin Graham's Intrinsic Value
Year FCF Projection (11.1%)
2026 ₹164B MBG Intrinsic Value ₹112
2027 ₹179B
2028 ₹193B
2029 ₹205B
2030 ₹213B
2031 ₹218B
Terminal Value ₹4,814B Net Worth/Share ₹79
DCF Valuation DCF Valuation "What If" Scenario Table
Enterprise Value ₹4,102B Growth Rate
(+) Cash & Cash Equivalents ₹122B ₹397 1.5% 2.0% 2.5% 3.0% 3.5%
(-) Total Debt ₹64B WACC 6.5% 383 417 459 512 584
Equity Value ₹4,160B 7.2% 339 364 394 432 480
Shares Outstanding 10,485,108,393 7.8% 304 323 346 374 408
8.5% 275 290 308 329 355
DCF Intrinsic Value ₹397 9.1% 251 263 278 294 313
Analyzed by QuantJuice (2025)