Best Stocks to Buy in India for Long term 2023 – Wipro Ltd

Our 29th company in the Series of Best Stocks to Buy in India for Long term 2023 is Wipro Ltd.

This company is good for investing purpose or not ?

Let’s start with the Company profile

Company Profile :

Wipro Limited is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products.

Now Let’s check the important fundamental figures of this company. This is a large cap company with Market Cap ₹2,22,718 cr. We can check more fundamental details below in depth:

Company Fundamental Detail :

PE Ratio: 18.21

Sector PE Ratio: 27.69

PE Ratio of this company is low than Sector’s PE. So it’s a Good PE than the peers of this company.

PB Ratio : 3.40

Sector PB Ratio : 7.67

PB Ratio of this company is low than Sector’s PB ratio. So it’s Good PB than the peers of this company.

Dividend Yield : 1.48%

Sector Dividend Yield : 1.74%

Dividend of this company is low than Sector’s dividend. So it’s Good PB than the peers of this company.

ROE: 22.32%

ROCE: 27.32%

ROE (Return on equity) and ROCE (Return on capital equity) is Good.

According to above data, this company is looking fundamentally average. Now We’ll check the company Financially data:

Company Financial Detail

2021 64,338.6010,796.40
2020 63,865.509,722.30
2019 61,632.709,003.70

We should check now liabilities of company also in the below table

Total Current & Non Current Liabilities

2022 2021 2020 2019

Liabilities of a company refers to the debt of that company. We should also aware the debt of company. In 2022 , Company have 41,821.10 Cr. debt.

Let’s check the Free Cash flow of the company

Free Cash flow

2022 2021 2020 2019

Debt Level: Wipro has more cash than its total debt.

Reducing Debt: Wipro debt to equity ratio has reduced from 27.9% to 20.9% over the past 5 years.

Debt Coverage: Wipro debt is well covered by operating cash flow (65.2%).

Interest Coverage: Wipro earns more interest than it pays, so coverage of interest payments is not a concern.

Share Holding Pattern

Promotor HoldingForeign Institution
Mutual Fund
Other Domestic InstitutionsRetail & Others
Dec 2022 72.94% 8.67%2.75% 5.09%10.55%
Sep 202272.94%8.88% 2.87% 5.09%10.21%
Jun 202272.94% 6.95%3.30%0.14%16.62%
Mar 202273.00%8.11%3.18%0.14%15.64%

Above table showing there is no big change in Promotors holding which is 72.94% in June 2021. FIIs invested in June 2022 with 8.67% and retail investor is 10.55%.

Investment Checklist for Wipro Ltd.

  • The company is currently profitable
  • Earnings are forecast to grow by an average of 11.6% per year for the next 3 years
  • Unstable dividend track record
  • Significant insider selling over the past 3 months
  • Debt level is low and not considered a risk
  • Share price has been stable over the past 3 months
  • The company’s earnings are high quality
  • Profit margins decreased but not substantially
  • They have sufficient analyst coverage
  • No concerning events detected
  • Shareholders have not been meaningfully diluted in the past year or recently listed
  • Revenue is meaningful (₹882B)
  • Market cap is meaningful (₹2,226B)
  • Wipro does not have negative shareholders equity.

According to its historical performance we can predict stock target.

Entry Buying Zone : Premium members can see only

Target: Premium members can see only

Time Horizon:Premium members can see only

Risk Profile: Premium members can see only

Hope you liked Our 29th company in the Series of Best stocks to buy in India for Long term 2023. We tried to cover many important things about this company, if you think anything left to cover, you can comment us and we’ll try to cover those things also.

Disclaimer: This is an Educational Initiative and is NOT registered under any SEBI regulations. All the information that we provide is just for Educational purposes and you should consult your financial adviser before taking any investment decision. Also we do NOT provide any form of Stock Tips or Advise on stocks or portfolios. My All Trades Only Education Purpose. All trades will be at your risk. You have the responsibility of any trade or any benefit or loss

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