Wipro Ltd. (WIT) intrinsic value & 10-year financials
Wipro Ltd. (WIT) has a Graham intrinsic value of INR 171.31 per share. Over the last 10 fiscal years revenue grew 6.3% a year to INR 890.9B, with an average return on invested capital of 14.8%.
- Graham intrinsic value
- INR 171.31
- Revenue (FY2025)
- INR 890.9B
- Revenue growth (10-yr CAGR)
- 6.3%
- ROIC (10-yr avg)
- 14.8%
- Free cash flow (FY2025)
- INR 154.7B
WIT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | INR 890.9B | INR 132.2B | INR 12.52 | INR 154.7B | 17.0% | 13.7% |
| FY2024 | INR 897.6B | INR 111.1B | INR 10.41 | INR 165.7B | 15.2% | 12.6% |
| FY2023 | INR 904.9B | INR 113.7B | INR 10.34 | INR 115.8B | 15.4% | 13.9% |
| FY2022 | INR 790.9B | INR 122.3B | INR 11.14 | INR 90.6B | 17.7% | 19.3% |
| FY2021 | INR 619.4B | INR 108.7B | INR 9.54 | INR 128.0B | 19.9% | 20.0% |
| FY2020 | INR 610.2B | INR 97.7B | INR 8.31 | INR 77.1B | 17.3% | 16.8% |
| FY2019 | INR 585.8B | INR 90.2B | INR 7.47 | INR 93.5B | 17.1% | 14.3% |
| FY2018 | INR 544.9B | INR 80.1B | INR 8.41 | INR 62.4B | 15.5% | 11.1% |
| FY2017 | INR 550.4B | INR 85.1B | INR 8.71 | INR 71.9B | 17.1% | 11.8% |
| FY2016 | INR 512.4B | INR 89.6B | INR 9.04 | INR 64.9B | 18.9% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in INR.
Executive summary
WIPRO LTD has demonstrated mature, steady growth, with revenue compounding at 6.3% annually over the past decade.
WIPRO LTD returns on capital have been average, hovering around 14.8% ROIC over the decade.
WIPRO LTD has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, WIPRO LTD is modeled at 3.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $171.31 per share.