Azim Premji’s effort of turning a family-owned cooking oil company into a giant IT conglomerate has fascinated and inspired everyone. Today, this big tech company offers services like cloud computing, and data analytics, and has ventured into AI and even robotics.
Headquartered in Bengaluru, this MNC has shown exponential growth in the technology sector. Read on to learn further about the financial status of the company and opportunities for investing in the company’s shares.
Wipro Financial Analysis
To analyze a company’s performance, studying the EBITDA margin can be helpful. It basically measures the company’s profitability by subtracting the manufacturing costs or other costs in the case of service-oriented firms. In June 2023, Wipro’s EBITDA was at Rs 4,843.80 crore as compared to Rs 4,331 crore in June 2022 which shows an 11.96% rise.
For more information regarding Wipro’s growth, read the table mentioned below.
| Category | June 2023 | June 2022 |
| Total Income From Operations | Rs 22,831 cr | Rs 21,582 cr |
| Net Profit | Rs 2,870.10 cr | Rs 2,563.60 cr |
| Basic Earnings Per Share | 5.23 | 4.69 |
Wipro Price Analyze
Wipro has shown a stable upward growth curve. As of March ‘24 Wipro share price is trading at Rs 500+ currently as compared to Rs 352 a year ago which is 33.7% higher. Here is the Wipro share price chart.
As of February 2024, the stock has now been trading at Rs 534. According to the latest financial reports submitted by Wipro, the current price-to-earnings ratio or TTM is 24.2 which was 17.9 at the end of 2022.
Should One Invest in Wipro Stocks?
Assessing the leadership and industry position is a must before investing in shares of a company. In this regard, Wipro is not only the first certified PCMM level 5 and SEI CMM level 5 software company, but it also became the first company in 2004 to receive the highest stakeholder value.
Make sure you check and research the regulatory factors, comparing the performance of Wipro with its competitors and understanding the stock price trends.
Since Wipro’s stock has a Growth Grade, Quality Grade and Momentum Grade of A, it can be deemed as a safe investment. However, a lot depends on your risk tolerance and goals for investing your money. Based on that, make an investment decision.
The Bottom Line
From manufacturing vegetable oil and refined oil to entering and taking over the IT sector, Wipro has made a mark in the fintech industry. High disclosure standards, transparency and the company’s firm relationship with key stakeholders developed a sense of trust.
By growing stably, the company has created a positive image which makes it the right firm to invest in.
