Wipro share price target 2022, 2023, 2024, 2025, and 2030: Wipro began its business as a vegetable oil manufacturer in 1945 at Amalner, a small town in western India, and after that Wipro entered into soaps and other consumer care products. Wipro entered the IT industry in the 1980s by manufacturing and selling mini computers.
Wipro started offering software services in the 1990s by leveraging hardware R & D design and software development expertise. Wipro emerged the non-IT business and Now, Wipro has been in the IT industry for 30 years and is ready to focus entirely on the global information technology business.
Wipro is listed on three stock exchanges, 1) National stock exchange, 2) Bombay stock exchange in India and 3) New York stock exchange in the US.
Now, Wipro is one of the leading global information technology, consulting, and business process services companies. Wipro has over 2,00,000 dedicated employees serving clients across six continents.
Wipro has partnerships with key alliances like Amazon web services, Microsoft, Google cloud platform, ServiceNow, Salesforce, SAP, and IBM. Wipro is trying to build its own dedicated cloud studios and centers of excellence, talent, and their own capability to take joint business solutions to their clients.
Wipro R&D expenses
An IT company needs to research and develop new services and products to stay in the race. Wipro’s spendings on R&D has increased from 3,942 million rupees in the financial year 2019 to 4,619 million rupees in the financial year 2020, and fallen to 3,702 million rupees in the financial year 2021.
Wipro’s Top Customer Revenue Contribution
- 3.1% of total revenue is from the top one customer.
- 11.9% of the total revenue is from the top 5 customers.
- 18.9% of the total revenue is from the top 10 customers.
- remaining 66.1% of the revenues are from other customers.
From the above pie chart, you can clearly understand that Wipro’s revenue is well-diversified and not dependent on only one customer or top 5 customers. even if they lose their top customers it will not affect Wipro’s performance.
Wipro Share Price Target 2022: Target Price Rs.720 by Motilal Oswal
Motilal Oswal has a buy call on Wipro with a target price of Rs.720. The time period given by Motilal Oswal when Wipro can reach the given share price target is one year. The Report was released by Motilal Oswal on 13 Jan 2022.
Motilal Oswal take on Wipro Share Price Target 2022
The company is confident about growth given the demand environment, strong pipeline, and order book. The pipeline has a healthy mix of small, medium, and large deals.
The company is seeing expansion in mid-sized deals. The order book is up 27% YoY (47% YoY), with 50% in the USD10–30m range, and the win rate has improved dramatically by 300bps.
The company is winning in the Digital business. The Cloud business grew 30% YoY. The company forged good cloud partnerships, while order wins with partners grew the highest ever at 40% YoY.
The management further indicated that there is a massive cloud opportunity for the next five years at least. The Germany business is almost doubled YoY and the UK business registered 40% YoY growth. The management is confident about the Europe business.
Valuation and View
In the past few years, Wipro has underperformed Tier I companies on growth due to its higher exposure to challenged verticals (such as Healthcare and ENU). Changes at the company level (restructuring in India / the Middle East) have further constrained growth. Motilal Oswal expects the new management’s refreshed strategy to make the organization leaner.
Its growth-focused and client-centric approach would aid growth over the medium-to-long term. Motilal Oswal marginally lowers FY22–24E EPS by 1% and maintains a neutral call with a target price of Rs.720.
Wipro Share Price Target 2022: Target Price Rs.750 by Sharekhan
Sharekhan has a buy call on Wipro with a target price of Rs.750. The time period given by Sharekhan when Wipro can reach the given target is one year. The report was released by Sharekhan on 13 Jan 2022.
- Deal win rate improved 300bps y-o-y.
- Added two and three clients, respectively, in $100 mn and $50 mn bucket on q-o-q.
- The management provided revenue growth guidance of 2-4% q-o-q on CC for Q4FY2022.
- Wipro remains confident of growth prospects going ahead, led by robust deal pipeline, improving leadership profile, deep partnership with hyperscalers and good client mining.
- Management expects to maintain EBIT margin in a narrow band of 17-17.5% in medium term.
Demand Remains Strong
Wipro highlighted that its new business strategy model, simplified operating model, and broad approach started showing results in terms of continuous improvement in the revenue growth trajectory and healthy deal wins. Further, the demand environment remains robust, which is reflected in a strong deal pipeline. It sees the rapid expansion of small and medium deals in both existing accounts and new clients. Enterprises are focusing on technologies such as cloud transformation, engineering, data, digital transformation, and security.
The deal pipeline has a mix of small, medium, and large deals. Management expects higher participation in clients’ transformation journey and increasing deal win rate going ahead given its investments in talents and building capability in niche areas, building competencies in engineering areas, and strong demand across industries.
Huge Opportunity in Cloud
The company’s Cloud business, which accounted for 30% of its total revenue, grew by over 30% y-o-y. The company has entered into partnerships with cloud providers. Management indicated that order wins with partners grew by 40% y-o-y. It sees massive cloud opportunity for the next five years
Strong Growth in Europe
Management cited that the Germany business grew 2x y-o-y, while the UK business registered 40% y-o-y growth. The management is confident of reporting strong growth in Europe business in coming quarters.
Outlook and Valuation by Sharekhan
The new management’s refreshed strategy including simplified organization structure, sharpening focus on large deals, and a client-centric and growth-focused approach have driven up organic revenue growth, healthy deal wins, new logo additions, and growth in large accounts. Sharekhan expects Wipro to report USD revenue/net profit CAGR of 11.6%/12.5% over FY2022-FY2024E.
Sharekhan believes the company has limited margin levers to offset headwinds in the coming quarters. At CMP, the stock trades at an expensive valuation of 26x/23x its FY2023/FY2024 earnings estimates. Hence, Sharekhan maintains a Hold rating on Wipro with a price target of Rs. 750.
Also read: HFCL share price target 2022, 2025, and 2030.
Wipro Share Price Target 2022: Target Price Rs.737 by Prabhudas Lilladher
Prabhudas Lilladher has a buy call on Wipro with a share price target of Rs.737. The time period given by Prabhudas Lilladher when Wipro can reach the given target is one year. The report was released by Prabhudas Lilladher on 13 Jan 2022.
Prabhudas Lilladher take on Wipro Share Price Target 2022
Wipro closed 11 large deals resulting in a total contract value(TCV) of over $ 600 million. (vs $580 mn in Q2FY22 and $1200 mn in Q3FY21). Order book in annual contract value(ACV) terms grew 27% on a year to date(YTD) basis. Bookings in the range of $10-30 mn grew 50% YoY this quarter. Change in leadership has brought in a sharp focus on winning deals leading to improving win-rate by 300bps in FY22. Client addition of 7 in $100 Mn+ category, 5 in $75 Mn+ and 9 in $50 Mn+ YoY is also impressive.
Management expects revenue from the IT services business to be in the range of $2,692 mn to $2,745 mn. (2-4% QoQ CC) in 4QFY22. Guidance implies strong ~27-28% YoY growth in IT services.
Valuation and Outlook
4Q22 revenue guidance of 2-4% QoQ CC implies strong growth of 27-28% for FY22. Prabhudas Lilladher believes that attrition may peak out in Q4 and stabilize thereafter. Prabhudas Lilladher believes there is scope for margin expansion in FY23 with attrition-related cost pressures subsiding, pyramid optimization benefits coming in, and revenue growth leverage.
Revenue estimates were cut by 1.5% for FY23/24E led by a miss in revenue in Q3FY22. EPS estimates increase marginally by 0.5% for FY23/24 due to a slight increase in margin estimates. Prabhudas Lilladher has a buy call on Wipro with a share price target of Rs.737.
Wipro Share Price Target 2022: Target Price Rs.700 by Emkay Global
Emkay Global has a buy call on Wipro with a share price target of Rs.700. The time period given by Emkay Global when Wipro can reach the given target is one year. the report was released by Emkay Global on 20 Dec 2021.
Emkay Global take on Wipro Share Price Target 2022
Wipro has agreed to acquire a 100% stake in Austin, Texas-headquartered Edgile LLC (Edgile), a cybersecurity consulting provider focused on risk and compliance, information and cloud security, and digital identity, for a cash consideration of USD230mn (5.2x EV/Sales on current year2020 sales).
The acquisition will strengthen Wipro’s leadership in strategic cybersecurity services. Edgile’s experienced cybersecurity and risk management professionals will allow Wipro to further enhance its cybersecurity and risk consulting capabilities for its customers. In addition, the company’s ‘strategy-first’ approach and ‘Quick Start’ solutions will allow the combined entity to deliver enhanced value in strategic cybersecurity services.
Together, Wipro and Edgile will develop Wipro CyberTransform, an integrated suite that will help enterprises enhance boardroom governance of cybersecurity risk, invest in robust cyber strategies and reap the value of practical security in action. In collaboration with an extensive roster of alliance partners from Wipro and Edgile, Wipro CyberTransform will enable organizations to accelerate their digital transformation and operate in virtual, digital supply chains – all in a very secure manner.
Emkay Global View on Edgile Acquisition
Edgile’s acquisition will further strengthen the cyber security practice for Wipro after having acquired Ampion, a cybersecurity service provider in Australia, and the cybersecurity practice of Capco, a consultancy firm in the BFSI sector in Europe and the US.
Additionally, through its Wipro Ventures arm, the company continues to invest in innovative cybersecurity start-ups to strengthen its cybersecurity practice capabilities. Given the size of the acquisition (0.5% of Wipro’s FY21 revenue), we do not expect any meaningful revision to Wipro earnings estimates. Emkay Global gave a Hold rating on the stock with a TP of Rs700.
Also read: Infosys share price target 2022, 2025, and 2030.
Wipro Share Price Target 2022: Target Price Rs.830 by BOB Capital Market
BOB Capital Market has a buy call on Wipro with a target price of Rs.840.
BOB Capital take on Wipro Share Price Target
Wipro announced a US$ 1bn investment in its cloud business Wipro FullStride Cloud Services, which includes ecosystem partners, cloud platforms, and advisors/consultants. The business has four regional delivery hubs, eleven cloud studios, five in progress, and four innovation centers. The company has also invested in sales specialization and a large-deals team, with a deepening sector focus in the domain and consulting within FullStride. WPRO’s focus is evident in its establishment of cloud studios with 79k cloud professionals and 10k certified cloud specialists.
With financial institutions adapting fast, WPRO is moving quickly to fend off new entrants. The Capco acquisition has given WPRO the advantage of scale and domain expertise in financial services, taking the segment’s annual revenue to US$ 4bn. The company has seen improved wallet share in financial services, better deal conversion rates, and an all-time high pipeline. It has delivered eight consecutive quarters of growth and is well-positioned to enter new markets.
Wipro’s priorities for the next 12 months are (1) growth from large deals with expansion in US$ 200mn-300mn accounts, (2) attracting and retaining top talent, and (3) investing in building capabilities and solutions.
The US$ 1.45bn Capco acquisition (Mar’21) is the biggest in Wipro’s history and has strengthened its BFSI vertical. With a multiyear technology upcycle underway, the demand outlook for BFSI looks robust. BOB Capital maintains a buy call with a TP of Rs 840.
Wipro Share Price Target 2023
According to the Strategic Review 2021 published by NASSCOM (the “NASSCOM Report”), India’s technology industry is forecasted to grow at 2.3% to reach approximately $194 billion in the fiscal year 2021 (excluding e-commerce). According to the NASSCOM report, exports are estimated to grow at 1.9% to reach approximately $150 billion in the fiscal year 2021 and the domestic sector is forecasted to reach approximately $45 billion in the fiscal year 2021, growing at 3.4%. According to the NASSCOM report, the growth is driven by increased demand for digital transformation and infrastructure modernization. As there is an ocean of opportunities for IT companies, Wipro share price target for 2023 is Rs 860.
|Wipro Share Price Target 2023|
- Wipro share price target for 2023 is Rs 860.
Wipro Share Price Target 2024
As per the NASSCOM Report, digital revenues account for 28-30% of total industry revenues for the fiscal year 2021, growing at five times the overall services growth. The share of digital services in new contracts is up by 90% from the fiscal year 2020, driven by cloud, collaboration, and cybersecurity.
The growth of cloud, artificial intelligence (AI), machine learning (ML), internet of things (IoT), analytics, automation, and collaboration software was accelerated during the COVID-19 pandemic, led by remote working and transformation engagements for contactless activities and customer experience. It is expected that the IT services industry will move to hybrid work models, with implications on hiring, team structures, compliance, and cybersecurity.
Global IT service providers offer a range of end-to-end software development, digital services, IT business solutions, research and development services, technology infrastructure services, business process services, consulting, and related support functions.
The conditions caused by the COVID-19 pandemic continue to evolve as new variants of the virus are emerging in some of our markets, leaving the recovery outlook varied and uncertain. Despite demand stability being high and ongoing largescale vaccination drives, the economic outlook remains uncertain. However, companies will continue to invest in digital transformation to address new pandemic-driven consumer behaviors with the support of technology. Almost every company is moving towards digitization, from this revolution IT companies will benefit a lot, Wipro share price target for 2024 is Rs 1,120.
|Wipro Share Price Target 2024|
- Wipro share price target for 2024 is Rs 1,120.
Wipro Share Price Target 2025
Wipro IT Services segment provides a range of IT and IT-enabled services which include digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design to leading enterprises worldwide.
Wipro IT Products segment provides a range of third-party IT products, which allows us to offer comprehensive IT system integration services. These products include computing, platforms, and storage, networking solutions, enterprise information security, and software products, including databases and operating systems.
Wipro provides IT products as a complement to its IT services offerings rather than sell standalone IT products, and the focus continues to be on consulting and digital engagements, with a more selective approach in bidding for SI engagements.
Wipro ISRE segment consists of IT Services offerings to organizations owned or controlled by the GoI and or any Indian State Government. Wipro ISRE’s strategy focuses on consulting and digital engagements, and we are selective in bidding for SI projects with long working capital cycles. Considering all the above-mentioned factors, Wipro share price target for 2025 is Rs 1,510.
|Wipro Share Price Target 2025|
- Wipro share price target for 2025 is Rs 1,510.
Wipro Share Price Target 2030
A high-performance organization is a great asset. It builds and strengthens the foundation for sustained growth. Wipro IT Services revenues for the full year were $8.1 billion. wipro’s revenue growth during the last two quarters of the year was 3.3% and 3.0% respectively, which on constant currency terms means they were the best quarters in terms of growth in the last decade! Despite a steep decline in the first quarter of the fiscal year, as the result of the pandemic, Wipro bounced back to finish the year with only a marginal decline of 1.4% YoY.
Wipro’s renewed focus on the market, and on customers, ensured that the total contract value of its order book in H2’21 grew by 33% YoY. This was a result of increased activity in the market, which must say Wipro has leveraged very well. The second factor in that trajectory was the closure of large deals. Wipro closed 24 large deals in the second half of the year, resulting in a Total Contract Value of $2.6 billion.
This includes two mega deals, one in Europe, and one in the Americas market, each of which can lead to revenues of more than $ 1 billion over the deal duration. As you can tell from Wipro’s approach, mergers and acquisitions have been an integral part of its business strategy.
In the second half of the financial year, Wipro closed several acquisitions across several key markets, including the US, Europe, LATAM, Australia, and India. These acquisitions have strengthened its local presence and service offerings. Wipro’s largest-ever acquisition, CAPCO, for $1.45 billion is one that significantly strengthens its position in the global financial services market. This acquisition also allows Wipro to onboard some exceptional domain experts and talent in that space. Wipro share price target for 2030 is Rs 3,900.
|Wipro Share Price Target 2030|
- Wipro share price target 2030 – Rs 3,900
Wirpo Share Price Target 2022, 2023, 2024, 2025, and 2030
|Year||Share Price Target|
|Wipro share price target 2022 by Motilal Oswal||Rs 720|
|Wipro share price target 2022 by ShreKhan||Rs 750|
|Wipro share price target 2022 by Prabhudas||Rs 737|
|Wipro share price target 2022 by Emkay Global||Rs 700|
|Wipro share price target 2022 by BoB Capital||Rs 830|
|Wipro share price target 2023||Rs 860|
|Wipro share price target 2024||Rs 1,120|
|Wipro share price target 2025||Rs 1,410|
|Wipro share price target 2030||Rs 3,900|
Wipro Share Price Target 2022, 2023, 2204, 2025, and 2030
- Wipro share price target 2022 by Motilal Oswal – Target Price Rs 720.
- Wipro share price target 2022 by ShareKhan – Target Price Rs 750.
- Wipro share price target 2022 by Prabhudas – Target Price Rs 737.
- Wipro share price target 2022 by Emkay Global – Target Price Rs 700.
- Wipro share price target 2022 by BOB Capital – Target Price Rs 830
- Wipro share price target 2023 – Target Price Rs 860.
- Wipro share price target 2024 – Target Price Rs 1,120.
- Wipro share price target 2025 – Target Price Rs 1,410.
- Wipro share price target 2030 – Target Price Rs 3,900.
Frequently Asked Questions
Is Wipro a good buy for long term?
Yes, Wipro is a good buy for the long term. Wipro is very strong in terms of financials and fundamentals.
What is the target of Wipro share?
Motilal Oswal has given Wipro a share price target of Rs.720, Sharekhan has given Wipro a share price target of Rs.750, Prabhudas Lilladher has given Wipro a share price target of Rs737, and Emkay Global has given a target of Rs.700.
Is Wipro a fortune 500 company?
No, Wipro is not on the fortune 500 companies list in 2021.
Who is the CEO of Wipro 2022?
Thierry Delaporte is the CEO of Wipro, Prior to Wipro, Thierry has held various leadership positions in Capgemini, including Chief Operating Officer and a member of the Group Executive Board. He drove Capgemini’s strategic planning and operations for several key businesses and led the group’s transformation agenda.