Wipro Share Price Target: 2023, 2024, 2025, 2026, 2028, 2030, and 2040
In this post, we will discuss the Wipro share price target forecast for the coming years. If you are planning to invest your money in tech stocks, then Wipro Limited would be a good option. In today’s modern world, technology plays an important role in our daily lives. Due to this, the growth of companies in the technology sector has been very fast in recent years, and we all know that the coming time will also be based on technology, due to which the companies in this sector will grow faster. The technology sector is dominating in the global economy, and the rapid growth and rate of change within the industry make it a central player in developing business standards and regulations. The information technology industry in India includes services related to IT, consulting, and outsourcing of IT services. If we see the share of the IT sector in India’s GDP, then it was 7.4% in the financial year 2022.
About Wipro Limited
Wipro Limited was incorporated in 1945. It is a leading Indian multinational technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Wipro Limited provides services related to cloud computing, cyber security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services to customers in 167 countries. If you want to know more about the company, visit www.wipro.com.
Financials Summary
Consolidated
Standalone
Profit & Loss A/c
Balance Sheet
Ratios
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Revenue | 81,373.20 | 64,325.60 | 63,862.60 | 61,632.70 | 57,035.80 |
| Total Revenue Growth (%) | 26.50 | 0.72 | 3.62 | 8.06 | (1.78) |
| Total Expenses | 66,238.10 | 50,435.70 | 51,613.60 | 50,086.20 | 46,794.70 |
| Total Expenses Growth (%) | 31.33 | (2.28) | 3.05 | 7.03 | (0.50) |
| Profit after Tax (PAT) | 12,229.60 | 10,796.40 | 9,722.30 | 9,003.70 | 8,002.80 |
| PAT Growth (%) | 13.27 | 11.05 | 7.98 | 12.51 | (5.77) |
| Operating Profit Margin (%) | 19.75 | 23.24 | 21.23 | 20.81 | 19.86 |
| Net Profit Margin (%) | 15.41 | 17.43 | 15.90 | 15.25 | 14.68 |
| Basic EPS (₹) | 22.37 | 19.11 | 16.67 | 14.99 | 16.85 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Assets | 82,732.20 | 82,732.20 | 81,278.90 | 82,924.80 | 75,693.30 |
| Total Assets Growth (%) | 29.94 | 1.79 | (1.98) | 9.55 | (4.16) |
| Total Liabilities | 42,050.90 | 27,681.40 | 25,769.70 | 26,238.50 | 27,526.00 |
| Total Liabilities Growth (%) | 51.91 | 7.42 | (1.79) | (4.68) | 1.67 |
| Total Equity | 65,454.50 | 55,050.80 | 55,509.20 | 56,686.30 | 48,167.30 |
| Total Equity Growth (%) | 18.90 | (0.83) | (2.08) | 17.69 | (7.21) |
| Net Worth | 40,681.30 | 55,050.80 | 55,509.20 | 56,686.30 | 48,167.30 |
| Current Ratio (x) | 2.01 | 2.27 | 2.40 | 2.67 | 2.37 |
| Total Debt to Equity (x) | 0.23 | 0.12 | 0.11 | 0.17 | 0.26 |
| Contingent Liabilities | 13,307.20 | 11,606.30 | 17,275.00 | 22,587.50 | 16,891.70 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Return on Equity (%) | 18.69 | 19.66 | 17.57 | 15.95 | 16.69 |
| Return on Capital Employed (%) | 20.43 | 24.10 | 21.76 | 19.97 | 19.91 |
| Return on Assets (%) | 11.37 | 13.04 | 11.96 | 10.85 | 10.57 |
| Interest Coverage Ratio (x) | 35.20 | 33.73 | 17.72 | 16.66 | 18.57 |
| Asset Turnover Ratio (x) | 0.73 | 0.68 | 75.21 | 71.17 | 71.98 |
| Price to Earnings (x) | 26.60 | 21.05 | 11.56 | 17.09 | 15.92 |
| Price to Book (x) | 4.96 | 4.13 | 2.03 | 2.72 | 2.66 |
| EV/EBITDA (x) | 17.57 | 12.64 | 6.90 | 10.38 | 10.48 |
| EBITDA Margin (%) | 23.63 | 27.70 | 24.64 | 24.11 | 23.74 |
Profit & Loss A/c
Balance Sheet
Ratios
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Revenue | 64,280.50 | 52,682.30 | 52,883.60 | 50,692.40 | 47,189.60 |
| Total Revenue Growth (%) | 22.02 | (0.38) | 4.32 | 7.42 | (3.09) |
| Total Expenses | 49,016.30 | 39,997.50 | 41,875.90 | 40,821.90 | 37,155.30 |
| Total Expenses Growth (%) | 22.55 | (4.49) | 2.58 | 9.87 | (2.24) |
| Profit after Tax (PAT) | 12,135.30 | 10,060.90 | 8,680.70 | 7,614.00 | 7,722.80 |
| PAT Growth (%) | 20.62 | 15.90 | 14.01 | (1.41) | (5.38) |
| Operating Profit Margin (%) | 26.23 | 26.01 | 22.89 | 21.60 | 23.30 |
| Net Profit Margin (%) | 20.36 | 20.00 | 17.22 | 15.82 | 17.27 |
| Basic EPS (₹) | 22.20 | 17.81 | 14.88 | 12.67 | 16.26 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Assets | 80,382.80 | 65,736.30 | 65,306.40 | 66,998.10 | 58,671.30 |
| Total Assets Growth (%) | 22.28 | 0.66 | (2.52) | 14.19 | (7.10) |
| Total Liabilities | 26,032.10 | 20,494.70 | 18,852.70 | 17,606.10 | 16,408.70 |
| Total Liabilities Growth (%) | 27.02 | 8.71 | 7.08 | 7.30 | (0.26) |
| Total Equity | 54,350.70 | 45,241.60 | 46,453.70 | 49,392.00 | 42,262.60 |
| Total Equity Growth (%) | 20.13 | (2.61) | (5.95) | 16.87 | (9.51) |
| Net Worth | 54,350.70 | 45,241.60 | 46,453.70 | 49,392.00 | 42,262.60 |
| Current Ratio (x) | 2.23 | 2.50 | 2.78 | 2.96 | 2.86 |
| Total Debt to Equity (x) | 0.14 | 0.13 | 0.11 | 0.10 | 0.11 |
| Contingent Liabilities | 8,271.50 | 1,999.00 | 2,693.50 | 2,618.90 | 10,123.10 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Return on Equity (%) | 22.32 | 22.23 | 18.68 | 15.41 | 18.27 |
| Return on Capital Employed (%) | 27.32 | 27.49 | 23.62 | 20.44 | 23.87 |
| Return on Assets (%) | 15.09 | 15.30 | 13.29 | 11.36 | 13.16 |
| Interest Coverage Ratio (x) | 46.59 | 35.86 | 21.57 | 19.80 | 27.11 |
| Asset Turnover Ratio (x) | 0.82 | 0.77 | 77.18 | 71.82 | 76.20 |
| Price to Earnings (x) | 26.81 | 22.57 | 12.95 | 20.20 | 16.50 |
| Price to Book (x) | 5.97 | 5.02 | 2.42 | 3.11 | 3.01 |
| EV/EBITDA (x) | 19.12 | 15.44 | 8.43 | 13.10 | 11.35 |
| EBITDA Margin (%) | 28.73 | 28.70 | 25.16 | 23.54 | 25.57 |
Important Note: These price targets of “Wipro Ltd” are only for reference purpose only, short-term and long-term Wipro stock price predictions may be different due to the different analyzed time series. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
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Wipro share price target for 2023
Over the last year, the company has made significant investments and improved in several key areas of its business, such as customer service and market positioning. In terms of financial performance, Wipro, India’s fourth-largest technology services firm, recorded a revenue growth of 27.3% in the fiscal year ended March 2022. fastest among all IT firms. If we analyze the 52-week performance of the stock, it has touched a high of ₹ 609.31 and a low of ₹ 371.48.
| Year | First Target | Second Target |
|---|---|---|
| 2023 | ₹ 465 | ₹ 475 |
Wipro share price target for 2024
India has emerged as an information technology (IT) hub in the last decade. And India has become the world’s largest sourcing destination for IT services. International companies outsource IT services from Indian companies, including Wipro. The IT industry grows rapidly, and there is a lot of scope left for growth in IT services. Wipro Limited will also get the benefit of this growth, and the performance is expected to be better in the coming years.
| Year | First Target | Second Target |
|---|---|---|
| 2024 | ₹ 540 | ₹ 555 |
Wipro share price target for 2025
Currently, the impact of technology has gone far beyond the core tech industry. While there are many opportunities directly linked to digital product development or service delivery, Wipro has built its brand in the IT industry by providing timely service to meet the needs of its customers. Various opportunities emerge every day in information technology and science as these fields affect every business in the world, and IT companies have opportunities to solve them and help them grow. Wipro Limited also created Wipro Fullstride Cloud Services last year to provide best-in-class services to customers in critical areas of the business and expand its reach in the market. in which the company will invest in important business areas.
| Year | First Target | Second Target |
|---|---|---|
| 2025 | ₹ 615 | ₹ 630 |
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Wipro share price target for 2026
Wipro Limited is expected to continue investing in strategic growth areas such as cyber, data, AI, and engineering businesses to build capabilities and acquire market-leading talent. The future of technology is exciting and full of opportunities. The company is ramping up its investments in emerging areas such as its platform Topcoder and other areas such as the metaverse, Web 3.0, robotics, self-learning AI, and privacy systems. The company will benefit in the future and will aid in growth.
| Year | First Target | Second Target |
|---|---|---|
| 2026 | ₹ 695 | ₹ 710 |
Wipro share price target for 2027
Company made invested in organic capabilities and prioritized inorganic investments that allowed to provide clients with seamlessly orchestrated solutions and expertise and help them realize their most ambitious business and technology transformation goals.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2027 | ₹ 770 | ₹ 785 |
Wipro share price target for 2028
Management’s strategy to expand its business through partnerships or acquisitions, thereby increasing the company’s market presence, reaching more clients, and improving its performance, such as the acquisition of Capco by the company, became Wipro’s largest ever acquisition to become the technology orchestrator of choice for the world’s top brands. This also helps the company deal with future challenges. If we talk about Wipro’s partnerships, then Wipro has partnerships with Microsoft and NASA. In terms of acquisitions, Capco, Ampion, LeanSwift, Edgile, CAS Group, and, most recently, Rizing have all been completed in the last years.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2028 | ₹ 860 | ₹ 880 |
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Wipro share price target for 2030
The company’s business is related to IT. Companies in the information technology sector have good future growth prospects and the potential to provide better long-term returns to their investors.
Wipro is much more growth-obsessed than before. They are driving deep strategic partnerships with Hyperscalers and increasing their own focus on large deals. The company has invested in a Chief Growth Office function—a first for the company—and changed the seniority and maturity of its sales leaders. The company has invested significantly in acquisitions, either to gain market access or to acquire new capabilities.
| Year | First Target | Second Target |
|---|---|---|
| 2030 | ₹ 1,075 | ₹ 1,090 |
Wipro share price target for 2040
To meet the increased demand by 2040, the IT company will need to invest heavily in research and development. It is expected that Wipro Limited will fully stand up to it. Cloud is at the heart of most transformation initiatives, and there is plenty of room for expansion in the coming years. Company has long been a pioneer in cloud services. Company management is investing $1 billion in Wipro FullStride Cloud Services over the next few years to deliver an orchestrated transformation that accelerates business results for clients.
| Year | First Target | Second Target |
|---|---|---|
| 2040 | ₹ 2,200 | ₹ 2,500 |
Recommendations: Invest in Wipro Ltd. stock or sell it?
The Information Technology (IT) sector plays a very important role in today’s world. If we analyze the previous performance of IT companies stock they give the best result to their investors. But in recent years that trend will change. According to our Forecast System, Wipro Limited stock and potentially its market environment have a positive trend in the future. This makes Wipro stock a very good long-term investment.
FAQ’s
What is the 52 week high/low of Wipro Ltd share price?
Wipro Ltd share price saw a 52 week high of ₹ 609.31 and 52 week low of ₹ 371.48.
What will the Wipro Ltd Share Price Target For 2024?
The first target of Wipro Limited's share price can be at or below ₹ 540 and the second one is at or below ₹ 555 in 2024.
What will be the Wipro Ltd share price target in the next 5 years?
The first target for Wipro Limited's share price in the next five years is ₹ 860, and the second target is ₹ 880.
What will be the Wipro Ltd share price target in the next 7 years?
In the next 7 years, the first target for Wipro Limited's share price can be ₹ 1075, and the second is ₹ 1090.
Is it profitable to invest in Wipro Ltd stock?
If we analyse the previous performance of IT companies stock they give the best result to their investors. But in recent years that trend will change. According to our Forecast System, Wipro Limited stock and potentially its market environment have a positive trend in the future. This makes Wipro stock a very good long-term investment.
What are the key metrics to analyze Wipro Ltd Share Price?
Wipro Ltd share can be quickly analyzed on following parameters:
- Stock's PE: 18.37
- Price to Book Ratio: 3.18
- Dividend Yield: 0.53
- EPS: 20.56
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