GLOBAL ROUND UP
ADRS AND DEPOSITORY RECEIPTS
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Wipro Limited (N:WIT $4.75), the International Depository Receipt (IDR) market's 2nd largest Computers company by market cap, extended its slide on Friday, shedding an additional 1.0c (0.2%) to trade at $4.75 at 10:16 am, Friday. The ADRs have dropped 10.0c (2.1%) over the past two trading days, compared with the BNY Mellon Composite ADR Index which rose 1.7 points (1.1%) in the two days for a relative price change of -3.2%.
There were 186,266 ADRs worth $884,764 traded so far today. The volume was 0.8 times the average trading volume of 239,451 ADRs since open at 09:30 am.
ADR - WIT traded in USD Fri 09 Jun 10:26 am EST
| Last Price | $4.75 | Market Cap | $26 billion |
| Thursday's Close | $4.76 | Dividend Yield (TTM) | 0.3% [Rank 146] |
| Change | Down 1.0c [-0.2%] | P/E | 18.9 [Rank 51] |
| Average of Past 5-days Volume since open | 239,451 | *Institutional Ownership | 125,766,486 |
| Volume Index [1 is Average] | 0.8 | % of shares outstanding | 2.3% |
| Turnover Since Open | $884,764 | PV$1000 (1 yr) | $801 |
[Rank, by value in The Bank of New York Mellon Composite ADR Index]
In the past year the Indian Rupee fell 5.7% against the US Dollar; in the past three years the Indian Rupee fell 8.4% against the US Dollar.
| Last | 1-day % | 1-week % | 1-Year % | 3-Yrs % |
| INR1=0.012USD | 0.1 | -0.2 | -5.7 | -8.4 |
WIPRO (WIPRO) Stock Dashboard [traded in Indian Rupee, INR] End-of-Day
| Exchange | INDIAN [BSE, NSE] | Sector | IT Consulting & Software |
| Currency | 1.000 USD = 82.52 Indian Rupees (INR) | Independent Rating | Ranked 820 in Forbes 2000 |
| Jun 09, 2023 | Rs396.95 | Market Cap | Rs2,174 billion [US$26 billion] |
| EPS (FY2023) | Rs20.73 | Shares Outstanding | 5,477,399,020 |
| WIPRO P/E | Stock 19.1; Sector 24.8 | % Held by 2,401,883 Public shareholders | 26.8% |
| WIPRO Dividend Yield % (TTM) | Stock 0.2; Sector 2.6 | % Held by 10 Promoter & Promoter Group | 73% |
| DPS (past 12 months) | Rs6 | WIPRO in Indices | SENSEX [of 30 stocks] |
| EPS Growth (Q4 2023 vs Q3 2022) | 0.7% | PVINR1000 (1 yr) PVUS$1000 (1 yr) | Rs840 US$790* |
| Ave Daily Volume | 6,187,890 shares |
*If You Invested $1,000 in Wipro a year ago, This is How Much You Would Have Today: $790. USD1000 would have bought Rs77,854 for 164.3 shares (@the then price of 473.88) worth Rs840 @396.95 today. Dividends reinvested are worth $2.
RECAP OF THURSDAY'S BEARISH SIGNALS
PAST WEEK: WEAK MOMENTUM DOWN - WIT decreases 3.4% on volume 0.7 times average
The price ranged between a high of $4.95 on Friday Jun 02 and a low of $4.76 on Thursday Jun 08.[Volume Index (VI); 1 is average]
Rank in the bottom 20% by Price Performance in the International Depository Receipts market
| Description | Value | Rank |
| PV1000 [1 yr] $ | 801 | In Bottom 20% |
| 1-week Price Change % | -3.4 | In Bottom 11% |
Downtrend
Price/Moving Average Price of 0.94:
- The Price/MAP 200 for Wipro is 0.94. Being less than 1 is a bearish indicator. It is lower than the Price/MAP 200 for the BNY Mellon Composite ADR Index of 1.08, a second bearish indicator. The stock is trading below both its MAPs and the 50-day MAP of $4.61 is lower than the 200-day MAP of $5.07, a third bearish indicator.
Past Quarter:
- In the last three months the ADR has hit a new 52-week low five times, pointing to a downtrend.
Other Bearish Signals
- Return on Equity of 14.6% versus sector average of 19.6%.
- Return on Capital Employed of 16.3% versus sector average of 17.5%.
- As per the Du Pont analysis, Return on Equity of 14.6% is lower than sector average of 19.6%. This is computed as net profit margin of 12.3% times asset turnover [sales/assets] of 0.79 times leverage factor [total assets/shareholders' equity] of 1.5.
FINANCIALS FY 2023
Financials, FY 2023 [year-ended 31 March 2023 ]
Wipro Net Profit down 7.2%
Release Date: May 04, 2023
Wipro (BSE:507685; NSE:WIPRO) reported net profit for the year-ended 31 March 2023 [FY2023] of INR11,350 crores ($1.4b), down 7.2% from INR12,230 crores ($1.6b) in the previous year [FY2022]. Earnings per share (EPS) were down 7.3% from INR22.37 (US29.47c) in FY2022 to INR20.73 (US25.24c) in FY2023.
Annual growth in Revenue, Net Profit and EPS
| Year-ended | 31 March [FY/2023] | 31 March [FY/2022] |
| Revenue, INR | 92,753 crores | 81,373 crores |
| Revenue, $ | 1,130 crores | 991 crores |
| Growth in Revenue % | 14.0 | 26.5 |
| Net Profit, INR | 11,350 crores | 12,230 crores |
| Net Profit, $ | 138 crores | 149 crores |
| Growth in Net Profit % | -7.2 | 13.3 |
| EPS, INR | 20.73 | 22.37 |
| Growth in EPS % | -7.3 | 17.1 |
Major changes compared with previous year (FY2023 vs FY2022):
Favourable Changes:
- Total revenue up 14% from INR81,373.2 crores ($10.7b) to INR92,753.3 crores ($11.3b)
- Debt to Equity down 27% from 0.4 to 0.3
- Total liabilities to Total assets down 12.8% from 0.4 to 0.3
- Current ratio up 22.9% from 2.0 to 2.5
- Working capital to total assets up from 29.1% to 33.6%
Unfavourable Changes:
- Net profit down 7.2% from INR12,229.6 crores ($1.6b) to INR11,350.0 crores ($1.4b)
- EPS down 7.3% from INR22.37 (US29.47c) to INR20.73 (US25.24c)
- EBIT Margin down from 19.1% to 16.3%
- EBIT to total assets down from 14.1% to 12.6%
- Administration expenses to Sales up from 56.9% to 59.4%
Year-on-year comparison of Performance Ratios [FY2023 vs FY2022]
| March 31 | FY2023 | FY2022 | Change (%) |
| Return on Equity (%) | 14.6 | 18.7 | Down 21.9 |
| Return on Assets (%) | 9.7 | 11.4 | Down 14.9 |
| Total debt to net tangible assets (%) | 50.5 | 69 | Down 26.8 |
| Debt/Equity | 0.3 | 0.4 | Down 27 |
| Common Size Ratios by Assets % | |||
| Current Debtors to Total Assets | 16.0 | 16.4 | Down 2.3 |
| Long-term investments to Total Assets | 2.4 | 2.4 | Down 0.7 |
| Non-current inventory to Total Assets | 0.5 | 1.5 | Down 66.4 |
| Future income tax benefit to Total Assets | 0.2 | 0.2 | Down 6.4 |
Currency Conversion (March 31, 2023): $1 = INR82.12; 1 crore = 10,000,000 and $1 million = Rs8.21 crores.
Currency Conversion (March 31, 2022): $1 = INR75.9
Five-year record of growth and performance:
In the last 5 years Total Revenue averaged INR72,789.5Cr ($8.9B), EBITDA averaged INR16,163.4Cr ($2B) and Net Profit averaged INR10,653.5Cr ($1.3B). Compound Annual Growth Rate (CAGR) averaged 10.2% for Total Revenue, 7.2% for Net Profit and 7.0% for EBITDA.
| Description | Annual (INR Cr) | Annual ($ B) | 5-year Avg (INR Cr) | 5-year Avg ($ B) | 5-year CAGR % |
| Total Revenue | 92,753.3 | 11.3 | 72,789.5 | 8.9 | 10.2 |
| EBITDA | 18,105.9 | 2.2 | 16,163.4 | 2 | 7 |
| Operating Profit | 14,765.7 | 1.8 | 13,520.7 | 1.6 | 6.4 |
| Net Profit | 11,350 | 1.4 | 10,653.5 | 1.3 | 7.2 |
Five-year record of EBITDA, Operating Profit, Net Profit, ROE, ROA and ROCE
In 2023 Net Profit Margin of 12.6% was below its 5-year Avg of 14.8% (All Figures in %)
| Description | 2023 | 5-year Avg |
| EBITDA Margin | 19.5 | 22.4 |
| Operating Profit Margin | 16.3 | 18.8 |
| Net Profit Margin | 12.6 | 14.8 |
| Return on Equity | 14.6 | 17.3 |
| Return on Assets | 9.7 | 11.4 |
| Return on Capital Employed | 16.3 | 19.7 |
Activities
Wipro Limited specializes in IT and computer related technologies. The Groups services encompass a number of areas, including software architecture, business intelligence systems, e-commerce, data warehousing, Internet access devices, network management, system administration, messaging systems, IT consulting and design. Wipro also has a presence in niche markets of consumer products. It is the International Depository Receipt (IDR) market's 2nd largest Computers company by market capitalisation.
Glossary
ADVT: Average Daily Volume of shares Traded
Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Capital Gain/Loss from n Years Ago to n-1 Years Ago: Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Cash/MCap: Cash plus Liquids/Market Capitalisation (times)
Current Ratio: Current Assets/Current Liabilities (times)
Debt/Equity: Net Debt/Net Assets %
Dividend Yield: Dividend Per Share/Share Price (%)
EBIT Margin : Earnings Before Interest and Tax/Revenue (%)
Earnings Yield: Earnings Per Share/Share Price (%)
Income during the n years (3/2/1): Dividends received during the Period
Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods
PCP: Previous Corresponding Period
PV1000: Present value of 1000 invested 1 year/'n' years ago
Price Close/Moving Avg Price: Latest Price/Moving Average Price
Price/Earnings: Share Price/Earnings Per Share (times)
Price/NTA: Closing Share Price/Net Tangible Assets Per Share (times)
Price/Sales: Share Price/Sales Per Share (times)
Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index
Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.
Return on Assets: Net Profit/Total Assets (%)
Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)
TTM: Trailing 12 Months
Total Liabilities/Total Assets: Total Liabilities/Total Assets
Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period
Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.
Disclaimer: While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment decision is made. The document contains unbiased, independent equities data and analysis from Jupiter International (Australia) Pty Ltd trading as BuySellSignals (AFS Licence 222756), who provide round the clock analysis on every stock, every sector, every market, every day. BuySellSignals is not a broker, and does not have executing, corporate advisory or investment banking functions. Jupiter International (Australia) Pty Ltd, its directors, employees and contractors do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate.
Data for the BuySellSignals algorithms is drawn from annual reports, company websites and similar sources of publicly available data. It should be used as a guide only.
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