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Wipro Limited (WIPRO)
The model for this company lays out financial schedules across multiple columns. Open it on a viewport at least 900px wide to work with the figures.
MINIMUM VIEWPORT: 900PX
DCF Implied Price
n/a
Inputs not verified
Models publish once a filing is in the store; where both exist the filing wins.
From NSE filing
Market Price
₹197.70
As of 2026-11-05 · Close
Statements
FY26
Ended 2026-03-31
Enterprise Value
₹1.37L Cr
PV FCFF + PV TV
Terminal value 67.8% of EV
Equity Value
₹1.78L Cr
Net Debt Adjusted
WACC
13.08%
CAPM / Capital Cost
Terminal Growth (g)
4.00%
Gordon Growth
Valuation Drivers
base scenario
WACC & Capital Cost
Risk-Free Rate (Rf)6.78%
Beta (β)1.00
Equity Risk Premium (ERP)7.08%
Cost of Equity (Ke)13.86%
Pre-Tax Cost of Debt (Kd)5.12%
Effective Tax Rate (t)25.17%
After-Tax Cost of Debt3.83%
Weights (Equity / Debt)92.2% / 7.8%
Weighted Average Cost of Capital13.08%
Source: CAPM: Rfr=6.78% (INDIA market default for rfr (10Y sovereign yield %)), Beta=1.00 (INDIA market default for beta (beta vs index), Blume-adjusted), ERP=7.08% (INDIA market default for erp (Equity Risk Premium %)). Cost of Equity=13.86% = Rf + Beta x ERP. Pre-tax Cost of Debt=5.12% (after-tax 3.83%). Capital Weights: Equity=92.2%, Debt=7.8%.
Return Metrics & Financial Health
Terminal ROIC
33.6%
+20.5% vs WACC
FCF Yield (Yr 1)
6.0%
FCFF / Equity Val
Implied EV / EBIT
8.6x
Forward Multiple
Net Debt Position
+₹40,926
Net Cash Balance
FCFF & DCF Valuation Schedule
PV FCFF: ₹44,138 Cr
|PV TV: ₹92,884 Cr
|Net: +₹40,926@ 2026-03-31
|Price: not verified
| DCF Line Item (Mid-Year) | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
EBIT (Operating Profit) EBIT (Operating Profit)Definition Earnings Before Interest and Taxes: core operating profitability before capital structure and taxes. Formula: Revenue - COGS - Operating Expenses - D&A | 15,875 | 16,840 | 17,864 | 18,950 | 20,102 |
Tax Rate % Tax Rate %Definition Effective corporate tax rate applied to operating earnings for NOPAT calculation. Formula: Taxes / PBT | 23.3% | 23.8% | 24.2% | 24.7% | 25.2% |
NOPAT NOPATDefinition Net Operating Profit After Tax: un-levered profit generated purely by core operations. Formula: EBIT × (1 - Effective Tax Rate) | 12,176 | 12,837 | 13,534 | 14,269 | 15,042 |
+ D&A + D&ADefinition Depreciation & Amortization added back because it is a non-cash accounting expense. Formula: Cash Flow Statement D&A Add-back | 4,246 | 4,504 | 4,778 | 5,069 | 5,377 |
− CapEx − CapExDefinition Capital Expenditures: net cash spent on property, plant, equipment, and intangible assets. Formula: Cash Flow Statement Capital Investments | (5,660) | (6,004) | (6,369) | (6,757) | (7,168) |
± ΔNWC ± ΔNWCDefinition Change in Non-Cash Operating Working Capital: cash invested or freed up in working capital. Formula: − (Δ Receivables + Δ Inventory − Δ Payables) | -0 | -0 | -0 | -0 | -0 |
= FCFF (Free Cash Flow) = FCFF (Free Cash Flow)Definition Free Cash Flow to Firm: unlevered cash flow available to all debt and equity capital providers. Formula: NOPAT + D&A − CapEx − ΔNWC − Stock Comp | 10,762 | 11,337 | 11,943 | 12,581 | 13,252 |
Discount Factor (Mid-Year) Discount Factor (Mid-Year)Definition Mid-year discount factor assuming cash flows arrive continuously throughout the year. Formula: 1 / (1 + WACC)^(t - 0.5) | 0.9405 | 0.8315 | 0.7354 | 0.6504 | 0.5753 |
PV(FCFF) PV(FCFF)Definition Present Value of Free Cash Flow discounted back to current fiscal year. Formula: FCFF × Mid-Year Discount Factor | 10,121 | 9,427 | 8,783 | 8,183 | 7,623 |
| Σ PV of Explicit Forecasts (PV FCFF) | ₹44,138 | ||||
| + PV of Terminal Value (4.0% g, 68% of EV) | ₹92,884 | ||||
| Enterprise Value (EV) | ₹137,022 | ||||
| + Net Cash & Liquid Assets | + ₹40,926 | ||||
| Equity Value and implied share price | not published: this model failed a check that decides whether its output may be presented as a valuation | ||||
WACC: 13.08%Cost of Equity: 13.86%Cost of Debt: 3.83%Equity Wt: 92.2%
Terminal ROIC: 33.6% (Reinvest 11.9%)
Financial Forecast Summary
| Line Item | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
| Revenue | ₹107,141 | ₹113,655↑ | ₹120,565↑ | ₹127,896↑ | ₹135,672↑ |
| EBITDA | ₹20,121 | ₹21,344↑ | ₹22,642↑ | ₹24,019↑ | ₹25,479↑ |
| EBIT (Operating Profit) | ₹15,875 | ₹16,840↑ | ₹17,864↑ | ₹18,950↑ | ₹20,102↑ |
| Net Profit (PAT) | ₹14,055 | ₹14,705↑ | ₹15,390↑ | ₹16,114↑ | ₹16,876↑ |
| D&A | ₹4,246 | ₹4,504↑ | ₹4,778↑ | ₹5,069↑ | ₹5,377↑ |
| CapEx | ₹5,660 | ₹6,004↑ | ₹6,369↑ | ₹6,757↑ | ₹7,168↑ |
| Operating Cash Flow | ₹18,301 | ₹19,209↑ | ₹20,168↑ | ₹21,183↑ | ₹22,253↑ |