WIPRO SHARE PRICE TARGET 2024, 2025, 2026 to 2030: CAN WIPRO REACH 500INR?

Investors are looking for growth possibilities that can produce long-term value as we enter a new decade. WIPRO LTD is one such stock that has caught the attention of investors. Many people are unsure whether WIPRO can be the game-changer in their portfolio despite having a significant presence in the IT sector and a history of success.

In this piece, we’ll examine WIPRO’s financial performance during the previous five years in further detail and examine the company’s growth prospects from 2024 to 2030. The share price target will also be discussed, and the nagging question on every investor’s mind: Is WIPRO a decent company to buy? Let’s find out.

As of 20th April 2024, Wipro is trading at Rs.453.

Wipro Share Price Target: 2024 to 2030

Wipro Share Price Target 2024

Wipro Share Price Prediction 2025

As we step into January 2025, Wipro’s shares are poised to reach a maximum price of 569.26 and a minimum price of 437.89, indicating potential fluctuations in market sentiment. Moving forward, February is expected to witness further increases, with the maximum price projected to rise to 575.01 and the minimum to 442.32. As the year progresses, by December 2025, Wipro’s shares are anticipated to experience significant growth, with the maximum price soaring to 662.91 and the minimum rising to 509.93, reflecting Strong performance and strong investor confidence throughout the year.

Wipro Share Price Target 2026

Wipro Share Price Target 2028

Wipro Share Price Target 2029

Wipro Share Price Prediction 2030

As we enter January 2030, Wipro’s shares are expected to reach a maximum target price of ₹1,606.83 and a minimum target price of ₹1,236.02, indicating potential growth opportunities and market fluctuations. Moving forward, in February, the maximum price is projected to increase to ₹1,648.03, with the minimum price also rising to ₹1,267.71, reflecting continued positive sentiment. By December 2030, the shares are anticipated to reach their peak for the year, with the maximum price expected to soar to ₹1,920.53 and the minimum to rise to ₹1,477.33, showcasing sustained growth and investor confidence in Wipro’s performance throughout the year.

Financial Condition of Wipro Ltd: Last 5 years

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	61,138	61,935	79,312	90,488	89,760
Expenses +	48,795	47,164	62,628	73,640	73,008
Operating Profit	12,342	14,771	16,684	16,848	16,752
OPM %	20%	24%	21%	19%	19%
Other Income +	2,728	2,404	2,067	2,266	2,631
Interest	733	509	532	1,008	1,255
Depreciation	2,086	2,763	3,078	3,340	3,407
Profit before tax	12,252	13,903	15,141	14,766	14,721
Tax %	20%	22%	19%	23%	25%
Net Profit +	9,772	10,868	12,243	11,366	11,112
EPS in Rs	17.02	19.7	22.31	20.68	21.14
Dividend Payout %	6%	5%	27%	5%	5%

• Wipro’s sales have shown consistent growth over the years, reaching a peak of Rs 90,488 crore in March 2023 before experiencing a slight decline to Rs 89,760 crore in March 2024.
• Operating profit has remained relatively stable, with fluctuations reflecting changes in expenses and other income. In March 2024, the operating profit stood at Rs 16,752 crore, maintaining a 19% operating profit margin (OPM).
• Other income has also seen variations but generally contributed positively to the company’s profitability, reaching Rs 2,631 crore in March 2024.
• Interest expenses have shown an upward trend over the years, reaching Rs 1,255 crore in March 2024.
• Depreciation expenses have increased gradually, reflecting investments in assets, technology, and infrastructure.
• Profit before tax remained relatively steady over the years, indicating the company’s ability to maintain profitability despite fluctuations in expenses and other factors.
• Net profit has shown a slight decrease in March 2024 compared to the previous year, reaching Rs 11,112 crore, with earnings per share (EPS) at Rs 21.14.
• The dividend payout percentage has remained consistent over the years, indicating a stable dividend distribution policy.

Overall, Wipro’s financials reflect a company with consistent sales growth, stable operating profit margins, and prudent financial management practices, despite fluctuations in expenses and other factors.

FAQS

What is the current share price of Wipro?

As of April 20th, 2024, the share price of Wipro is ₹453.

What is the target share price of Wipro for 2025?

In 2025, the maximum target share price for Wipro is projected to reach ₹662.91, indicating potential growth opportunities and investor confidence in the company’s performance. Conversely, the minimum target share price is anticipated to be ₹434.11.

What factors could affect the share price of Wipro in the coming years?

The share price of Wipro could be affected by various factors such as the company’s financial performance, market conditions, competition, government regulations, and global economic trends.

Can Wipro reach a share price of ₹5,000 by 2025?

Based on the current data and trends, it is unlikely for Wipro to reach a share price of ₹5,000 by 2025.

What is the company’s revenue and profit growth in the past five years?

Over the past five years, Wipro has seen consistent growth in both revenue and profit. Revenue increased from Rs 61,138 crore in March 2020 to Rs 89,760 crore in March 2024, marking a total growth of approximately 46.9%. Net profit rose from Rs 9,772 crore to Rs 11,112 crore during the same period, indicating a total growth of around 13.7%. This demonstrates Wipro’s sustained financial performance and strategic effectiveness amidst market fluctuations and operational challenges.

What is the dividend payout ratio of Wipro?

The dividend payout ratio of Wipro for the year 2024 is 5%.

How does Wipro compare to its competitors in the industry?

Wipro’s competitors in the IT and consulting industry include Tata Consultancy Services, Infosys, and Accenture. Wipro has been able to maintain its position as one of the leading companies in the industry with a strong market presence.

What is the market sentiment towards Wipro?

The market sentiment towards Wipro is positive, with many analysts recommending a buy rating on the stock.

What are the potential risks associated with investing in Wipro?

Investing in Wipro comes with potential risks such as market volatility, industry competition, regulatory changes, and geopolitical risks. It is important to conduct thorough research and analysis before making any investment decisions.

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Conclusion: Should you invest in Wipro in 2024?

Wipro is one of the top IT stocks to buy in 2024. Over the past five years, WIPRO LTD has consistently increased its earnings, revenues, and profits. The results have shown that the company is growing, but at what pace, you may ask.

Wipro Ltd’s Q4 FY24 results showcase the company’s unwavering commitment to delivering value and maintaining profitability even amidst challenging market conditions. With a net profit of Rs 2,835 crore and revenue of Rs 22,208 crore, Wipro exceeded consensus estimates, highlighting its resilience and operational efficiency. Moreover, the consistent growth trajectory observed over the past five years, with revenue rising from Rs 61,138 crore in March 2020 to Rs 89,760 crore in March 2024, underscores Wipro’s strong position in the industry.

Looking forward, Wipro’s share price targets for 2025 to 2030 signal optimism and potential for sustained growth, supported by its strategic initiatives and visionary leadership under CEO Thierry Delaporte. With a focus on innovation and long-term partnerships, Wipro is well-poised to capitalize on emerging opportunities and drive value for its stakeholders. In conclusion, Wipro presents an appealing investment opportunity for investors seeking exposure to a dynamic and resilient player in the IT services sector.

Short and long term, Wipro looks good to me (personal opinion, and not financial advice).

Having said that it’s crucial to remember that a variety of factors, such as market circumstances and company-specific events, have an impact on share prices. Yet, investors may think about WIPRO shares as a long-term investment if they have a well-diversified portfolio and a long-term horizon.

P.S. This is not investment advice. Consult a SEBI-registered financial advisor before investing in Wipro or any other stocks.

Author: Neelam KushwahaNeelam Kushwaha is a Bachelor's student in Computer Science at Hansraj College with a keen interest in finance and the stock market. She is a senior editor at Financesrule, where she shares her insights and expertise in researching stock price predictions. Neelam's analytical skills and unique perspectives make her a valuable asset to the financial community. In her free time, she enjoys reading and traveling.

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