Wipro ADR (WIT: $4.75) down 2.1% in 2 days; -1c [-0.2%] 09 June 2023




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$4.75Market Cap$26 billion
Thursday's Close$4.76Dividend Yield (TTM)0.3% [Rank 146]
ChangeDown 1.0c [-0.2%]P/E18.9 [Rank 51]
Average of Past 5-days Volume since open239,451*Institutional Ownership125,766,486
Volume Index [1 is Average]0.8% of shares outstanding2.3%
Turnover Since Open$884,764PV$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.

Last1-day %1-week %1-Year %3-Yrs %

WIPRO (WIPRO) Stock Dashboard [traded in Indian Rupee, INR] End-of-Day

ExchangeINDIAN [BSE, NSE]SectorIT Consulting & Software
Currency1.000 USD = 82.52 Indian Rupees (INR)Independent RatingRanked 820 in Forbes 2000
Jun 09, 2023Rs396.95Market CapRs2,174 billion [US$26 billion]
EPS (FY2023)Rs20.73Shares Outstanding5,477,399,020
WIPRO P/EStock 19.1; Sector 24.8% Held by 2,401,883 Public shareholders26.8%
WIPRO Dividend Yield % (TTM)Stock 0.2; Sector 2.6% Held by 10 Promoter & Promoter Group73%
DPS (past 12 months)Rs6WIPRO in IndicesSENSEX [of 30 stocks]
EPS Growth (Q4 2023 vs Q3 2022)0.7%PVINR1000 (1 yr)
PVUS$1000 (1 yr)
Ave Daily Volume6,187,890 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.


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

PV1000 [1 yr] $801In Bottom 20%
1-week Price Change %-3.4In Bottom 11%


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 [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-ended31 March [FY/2023]31 March [FY/2022]
Revenue, INR92,753 crores81,373 crores
Revenue, $1,130 crores991 crores
Growth in Revenue %14.026.5
Net Profit, INR11,350 crores12,230 crores
Net Profit, $138 crores149 crores
Growth in Net Profit %-7.213.3
EPS, INR20.7322.37
Growth in EPS %-7.317.1

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 31FY2023FY2022Change (%)
Return on Equity (%)14.618.7Down 21.9
Return on Assets (%)9.711.4Down 14.9
Total debt to net tangible assets (%)50.569Down 26.8
Debt/Equity0.30.4Down 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.

DescriptionAnnual (INR Cr)Annual ($ B)5-year Avg (INR Cr)5-year Avg ($ B)5-year CAGR %
Total Revenue92,753.311.372,789.58.910.2
Operating Profit14,765.71.813,520.71.66.4
Net Profit11,3501.410,653.51.37.2

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 %)

Description20235-year Avg
EBITDA Margin19.522.4
Operating Profit Margin16.318.8
Net Profit Margin12.614.8
Return on Equity14.617.3
Return on Assets9.711.4
Return on Capital Employed16.319.7


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.


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.

Created by www.buysellsignals.com