Wipro Ltd is a global IT services company founded in India on December 29, 1945. With headquarters in Bengaluru, it is the fourth largest Indian player in the industry, following TCS, Infosys, and HCL Technologies. Wipro offers a wide range of services, including IT consulting, application development, infrastructure services, and business process outsourcing.
Under the leadership of CEO Thierry Delaporte since July 6, 2020, Wipro has built a strong presence in both domestic and international markets, serving clients across sectors such as finance, healthcare, retail, manufacturing, and telecommunications. With over 240,000 employees, Wipro is recognized for its commitment to innovation and long-term partnerships, making it a trusted partner for businesses seeking digital transformation.
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 22nd June 2024, Wipro is trading at Rs. 491.
Wipro Share Price Target: 2024 to 2030
| When | Maximum Price | Minimum Price |
| June 2024 | 530.28 | 461.11 |
| July 2024 | 524.98 | 456.50 |
| August 2024 | 545.98 | 474.76 |
| September 2024 | 567.82 | 493.75 |
| October 2024 | 556.68 | 484.07 |
| November 2024 | 573.38 | 498.59 |
| December 2024 | 587.72 | 511.06 |
Wipro’s share price is projected to fluctuate between ₹461.11 and ₹587.72 from June to December 2024. Currently priced at ₹491 as of June 22, 2024, the company boasts a market cap of ₹2,56,555 Cr. With a 52-week high/low of ₹546/375, a P/E of 23.2, book value of ₹143, and a dividend yield of 0.20%, Wipro demonstrates robust financial health with an ROCE of 17.2% and an ROE of 14.5%
| When | Maximum Price | Minimum Price |
| January 2025 | 599.47 | 461.13 |
| February 2025 | 614.84 | 472.96 |
| March 2025 | 638.82 | 491.40 |
| April 2025 | 626.30 | 481.77 |
| May 2025 | 608.05 | 467.73 |
| June 2025 | 635.42 | 488.78 |
| July 2025 | 622.96 | 479.20 |
| August 2025 | 642.22 | 494.02 |
| September 2025 | 664.70 | 511.31 |
| October 2025 | 681.98 | 524.60 |
| November 2025 | 699.03 | 537.72 |
| December 2025 | 716.51 | 551.16 |
Wipro’s share price in 2025 is expected to range between ₹461.13 and ₹716.51, reflecting a steady upward trend throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 738.00 | 567.70 |
| February 2026 | 756.93 | 582.25 |
| March 2026 | 786.45 | 604.96 |
| April 2026 | 771.03 | 593.10 |
| May 2026 | 748.57 | 575.82 |
| June 2026 | 782.26 | 601.73 |
| July 2026 | 766.92 | 589.94 |
| August 2026 | 790.64 | 608.18 |
| September 2026 | 818.31 | 629.47 |
| October 2026 | 839.58 | 645.83 |
| November 2026 | 860.57 | 661.98 |
| December 2026 | 882.09 | 678.53 |
Wipro’s share price in 2026 is projected to range between ₹567.70 and ₹882.09, showing a strong upward trend throughout the year.
| When | Maximum Price | Minimum Price |
| January 2027 | 899.73 | 692.10 |
| February 2027 | 922.80 | 709.85 |
| March 2027 | 958.79 | 737.53 |
| April 2027 | 939.99 | 723.07 |
| May 2027 | 912.61 | 702.01 |
| June 2027 | 953.68 | 733.60 |
| July 2027 | 934.98 | 719.21 |
| August 2027 | 963.90 | 741.46 |
| September 2027 | 997.63 | 767.41 |
| October 2027 | 1,023.57 | 787.36 |
| November 2027 | 1,049.16 | 807.05 |
| December 2027 | 1,075.39 | 827.22 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,096.90 | 843.77 |
| February 2028 | 1,125.02 | 865.40 |
| March 2028 | 1,168.90 | 899.15 |
| April 2028 | 1,145.98 | 881.52 |
| May 2028 | 1,112.60 | 855.85 |
| June 2028 | 1,162.67 | 894.36 |
| July 2028 | 1,139.87 | 876.82 |
| August 2028 | 1,175.12 | 903.94 |
| September 2028 | 1,216.25 | 935.58 |
| October 2028 | 1,247.88 | 959.90 |
| November 2028 | 1,279.07 | 983.90 |
| December 2028 | 1,311.05 | 1,008.50 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,337.27 | 1,028.67 |
| February 2029 | 1,371.56 | 1,055.05 |
| March 2029 | 1,425.05 | 1,096.19 |
| April 2029 | 1,397.11 | 1,074.70 |
| May 2029 | 1,356.42 | 1,043.40 |
| June 2029 | 1,417.45 | 1,090.35 |
| July 2029 | 1,389.66 | 1,068.97 |
| August 2029 | 1,432.64 | 1,102.03 |
| September 2029 | 1,482.78 | 1,140.60 |
| October 2029 | 1,521.34 | 1,170.26 |
| November 2029 | 1,559.37 | 1,199.51 |
| December 2029 | 1,598.35 | 1,229.50 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,630.32 | 1,254.09 |
| February 2030 | 1,672.12 | 1,286.25 |
| March 2030 | 1,737.34 | 1,336.41 |
| April 2030 | 1,703.27 | 1,310.21 |
| May 2030 | 1,653.66 | 1,272.05 |
| June 2030 | 1,728.08 | 1,329.29 |
| July 2030 | 1,694.19 | 1,303.22 |
| August 2030 | 1,746.59 | 1,343.53 |
| September 2030 | 1,807.72 | 1,390.55 |
| October 2030 | 1,854.72 | 1,426.71 |
| November 2030 | 1,901.09 | 1,462.38 |
| December 2030 | 1,948.62 | 1,498.94 |
Financial Condition of Wipro Ltd: Last 5 years
| Financial Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Sales (Rs. Crores) | 59,019 | 61,138 | 61,935 | 79,312 | 90,488 | 89,760 |
| Expenses (Rs. Crores) | 47,406 | 48,795 | 47,164 | 62,628 | 73,640 | 73,008 |
| Operating Profit (Rs. Crores) | 11,613 | 12,342 | 14,771 | 16,684 | 16,848 | 16,752 |
| Other Income (Rs. Crores) | 2,614 | 2,728 | 2,404 | 2,067 | 2,266 | 2,631 |
| Interest (Rs. Crores) | 738 | 733 | 509 | 532 | 1,008 | 1,255 |
| Depreciation (Rs. Crores) | 1,947 | 2,086 | 2,763 | 3,078 | 3,340 | 3,407 |
| Profit before Tax (Rs. Crores) | 11,542 | 12,252 | 13,903 | 15,141 | 14,766 | 14,721 |
| Net Profit (Rs. Crores) | 9,018 | 9,772 | 10,868 | 12,243 | 11,366 | 11,112 |
| EPS (Rs.) | 14.92 | 17.02 | 19.70 | 22.31 | 20.68 | 21.14 |
| Dividend Payout % | 7% | 6% | 5% | 27% | 5% | 5% |
Over the past five years, Wipro Ltd. has demonstrated steady growth in its financial metrics. Sales have consistently increased from Rs. 59,019 crores in 2019 to Rs. 89,760 crores in 2024, reflecting robust revenue expansion. Operating profit has also shown a positive trend, rising from Rs. 11,613 crores to Rs. 16,752 crores over the same period, driven by effective cost management and operational efficiency. Despite fluctuations in other income and interest expenses, Wipro has maintained stable profitability with net profits ranging between Rs. 9,018 crores to Rs. 12,243 crores annually. The company’s dividend payout, though variable, indicates a commitment to rewarding shareholders amidst its growth trajectory
FAQS
As of June 22nd, 2024, the share price of Wipro is ₹491.
In 2025, the maximum target share price for Wipro is projected to reach ₹716.51, indicating potential growth opportunities and investor confidence in the company’s performance. Conversely, the minimum target share price is anticipated to be ₹461.13.
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.
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?
Investing in Wipro in 2024 presents an opportunity backed by its strong financial performance and strategic positioning in the IT services sector. With consistent revenue growth and robust profitability over the past five years, Wipro has demonstrated resilience and effective management under CEO Thierry Delaporte. The projected target share prices for 2024 and beyond suggest potential for capital appreciation, reflecting positive investor sentiment and confidence in Wipro’s future prospects. However, investors should consider factors such as market volatility, industry competition, and global economic conditions. Overall, for those seeking exposure to a stable player in the IT industry with growth potential, Wipro remains a promising investment option in 2024.
P.S. This is not investment advice. Consult a SEBI-registered financial advisor before investing in Wipro or any other stocks.
What did we learn?
- 1 How to Purchase Wipro shares in India?
- 2 Wipro Share Price Target: 2024 to 2030
- 3 Financial Condition of Wipro Ltd: Last 5 years
- 4 FAQS
- 4.1 What is the current share price of Wipro?
- 4.2 What is the target share price of Wipro for 2025?
- 4.3 What factors could affect the share price of Wipro in the coming years?
- 4.4 Can Wipro reach a share price of ₹5,000 by 2025?
- 4.5 What is the company’s revenue and profit growth in the past five years?
- 4.6 What is the dividend payout ratio of Wipro?
- 4.7 How does Wipro compare to its competitors in the industry?
- 4.8 What is the market sentiment towards Wipro?
- 4.9 What are the potential risks associated with investing in Wipro?
- 5 Conclusion: Should you invest in Wipro in 2024?
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