Buy Wipro; target of Rs 610: Firstcall Research

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26 Aug, 2025 12:21

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Firstcall Research report on Wipro“Wipro is India's third largest software services exporter and also has interests in the hardware and consumer care and lighting businesses. Wipro Ltd is a recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of over 140,000, serving clients in 175+ cities across 6 continents. The company posted revenues of $7.29 billion for the financial year ended Mar 31, 2014. Wipro provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally.” “At the current market price of Rs. 553.00, the stock P/E ratio is at 15.68 x FY15E and 14.50 x FY16E respectively. Earning per share (EPS) of the company for the earnings for FY15E and FY16E is seen at Rs.35.26 and Rs.38.13 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 11% and 15% over 2013 to 2016E respectively. On the basis of EV/EBITDA, the stock trades at 9.42 x for FY15E and 8.53 x for FY16E. Price to Book Value of the stock is expected to be at 3.46 x and 2.95 x respectively for FY15E and FY16E. We recommend ‘BUY’ in this particular scrip with a target price of Rs.610.00 for Medium to Long term investment,” says Firstcall Research report. 

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