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G11075
Company Name: Wipro Technologies Limited
DCF Valuation, Figures estimated 2011 onwards
Date
BSE Sensex Closing Daily Return
Infosys Close Price
Return
1-Nov-10
20355.63
423.45
2-Nov-10
20345.69
-0.05%
434 2.49%
3-Nov-10
20465.74
0.59%
434.65 0.15%
4-Nov-10
20893.57
2.09%
436.05 0.32%
5-Nov-10
21004.96
0.53%
438.15 0.48%
8-Nov-10
20852.38
-0.73%
432 -1.40%
9-Nov-10
20932.48
0.38%
432.2 0.05%
10-Nov-10
20875.71
-0.27%
435.65 0.80%
11-Nov-10
20589.09
-1.37%
430.05 -1.29%
12-Nov-10
20156.89
-2.10%
425.2 -1.13%
15-Nov-10
20309.69
0.76%
433.15 1.87%
16-Nov-10
19865.14
-2.19%
421.65 -2.65%
18-Nov-10
19930.64
0.33%
418.45 -0.76%
19-Nov-10
19585.44
-1.73%
401.65 -4.01%
22-Nov-10
19957.59
1.90%
418.35 4.16%
23-Nov-10
19691.84
-1.33%
417.2 -0.27%
24-Nov-10
19459.85
-1.18%
409.1 -1.94%
25-Nov-10
19318.16
-0.73%
408.85 -0.06%
26-Nov-10
19136.61
-0.94%
406.6 -0.55%
29-Nov-10
19405.1
1.40%
416.4 2.41%
30-Nov-10
19521.25
0.60%
420.2 0.91%
1-Dec-10
19850
1.68%
414.55 -1.34%
2-Dec-10
19992.7
0.72%
425.2 2.57%
3-Dec-10
19966.93
-0.13%
428.1 0.68%
6-Dec-10
19981.31
0.07%
430.85 0.64%
7-Dec-10
19934.64
-0.23%
434.75 0.91%
8-Dec-10
19696.48
-1.19%
434 -0.17%
9-Dec-10
19242.36
-2.31%
436.9 0.67%
10-Dec-10
19508.89
1.39%
450 3.00%
13-Dec-10
19691.78
0.94%
448.4 -0.36%
14-Dec-10
19799.19
0.55%
453.1 1.05%
15-Dec-10
19647.77
-0.76%
457.4 0.95%
16-Dec-10
19864.85
1.10%
469.8 2.71%
20-Dec-10
19888.88
0.12%
478 1.75%
21-Dec-10
20060.32
0.86%
485.35 1.54%
22-Dec-10
20015.8
-0.22%
478.45 -1.42%
23-Dec-10
19982.88
-0.16%
479.55 0.23%
24-Dec-10
20073.66
0.45%
481.95 0.50%
27-Dec-10
20028.93
-0.22%
485.05 0.64%
28-Dec-10
20025.42
-0.02%
491.4 1.31%
29-Dec-10
20256.03
1.15%
488.15 -0.66%
30-Dec-10
20389.07
0.66%
489.3 0.24%
31-Dec-10
20509.09
0.59%
490.25 0.19%
Covariance
Standard Dev
Beta
9.64366E-05
0.010962747
0.802422646
0.8
7.42%
8.50%
14.220%
1271.83
12258
Proportion
Cost
Debt
0.00
0.00%
Equity
1.00
231.41%
WACC =
Major Assumptions
a. Company runs on Equity with Zero Debt
b. All the dividends are reserved as Reserves and Surplus for coming years.
Cost of Debt
Dividend model
Rs Lakhs
Ke=D1/Po+g
Total Loans
12258
Interest Paid
860.34
Interest Rate
7.02%
Market price
442
Last dividend
1723
12.00%
Cost of equity =
448.60%
Proportion x Cost
0.0000
2.3141
231.41%
85248
97666
19,147
22,757
0.07036 0.07331862
15,382
19,114
0.056525 0.06158158
50718.93 55794.9267
5,796
6,001
0.114277 0.10755458
44922.93 49793.9267
8,667
6,033
0.031849 0.01943715
53589.93 55826.9267
7908.00
8618.00
0.147565 0.15436995
45681.93 47208.9267
0
0
45681.93 47208.9267
1,144
1,144
0
16
1144
1160
0.01398601
46825.93 48368.9267
52621.93 54369.9267
15000
15000
15000
15000
15000
30%
65021.35 71023.91 77746.78 85276.39 93709.56
71522.05