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Industrial Services

PT Wijaya Karya Tbk

Company Background

State-owned Wijaya Karya is Indonesia's largest construction company. Its business includes construction of buildings, bridges and toll roads. The company also operates units involved in power plant engineering, real estate and mining.

In late October, former chairman Basuki Hadimuljono was appointed as a member of Indonesian President Joko Widodo's cabinet. Hadimuljono, who became chairman in 2012, now serves as the government's public works and public housing minister. Bintang Perbowo has been Wijaya Karya's president since 2008 and previously served as the company's finance director.

Wijaya Karya was established in 1960 as an electrical and water pipe installation company. It went public in 2007. Indonesia's government owns about 65% of its shares.

In April 2014, Wijaya Karya listed shares of its precast concrete subsidiary, Wijaya Karya Beton, which became one of the country's largest IPOs of the year. Part of the proceeds was used to acquire a local concrete producer.

Business Summary

PT Wijaya Karya Tbk engages in the provision of construction, engineering, mining, and other related services. It operates through the following segments: Infrastructure and Building; Energy and Industrial Plant; Industry; and Realty and Property. The Infrastructure and Building segment consists of civil construction services such as general construction and infrastructure, roads, bridges, harbors, airports, dams, irrigations, and buildings. The Energy and Industrial Plant segment includes engineering, procurement and construction services in the electricity sector. The Industry segment focuses on precast concrete, industrial facilities, and bitumen. The Realty and Property segment offers property management services to residential houses, commercial buildings, and industrial estates. The company was founded on March 11, 1960 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2019 IDRUSD
Gross Profit3,480.07B246.08M
Operating income1,841.75B130.23M
Income before tax2,789.25B197.23M
Net income2,285.02B161.58M
Diluted EPS254.740.01
Dividends Per Share----
Total Assets62,110.84B4,474.03M
Total liabilities43,492.71B3,132.91M
Total equity15,905.10B1,145.69M
Operating cash flow833,091.32M58.91M
Currency in IDRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 13,620.10B 15,668.83B 26,176.40B 31,158.19B 27,212.91B
Gross Profit 1,654.66B 2,191.94B 2,876.23B 3,604.72B 3,480.07B
Operating income 1,195.00B 1,253.69B 1,463.18B 1,985.55B 1,841.75B
Income before tax 1,098.08B 1,295.23B 1,462.39B 2,358.62B 2,789.25B
Net income 625,043.90M 1,058.93B 1,202.06B 1,730.25B 2,285.02B
EBITDA 1,473.15B 1,537.17B 2,009.77B 2,277.26B 2,361.90B
Diluted EPS 94.28 118.13 134.10 193.02 254.74
Dividends Per Share 18.84 33.86 26.82 38.60 --
Total Assets 19,602.40B 31,355.20B 45,683.77B 59,230.00B 62,110.84B
Total liabilities 14,164.30B 18,617.21B 31,051.94B 42,014.68B 43,492.71B
Total equity 4,375.16B 11,444.86B 12,633.51B 14,803.61B 15,905.10B
Operating cash flow 238,405.38M -1,113.34B 1,885.25B 2,722.53B 833,091.32M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 1,016.63M 1,178.07M 1,956.12M 2,188.57M 1,924.31M
Gross Profit 123.50M 164.80M 214.93M 253.19M 246.08M
Operating income 89.19M 94.25M 109.34M 139.46M 130.23M
Income before tax 81.96M 97.38M 109.28M 165.67M 197.23M
Net income 46.65M 79.61M 89.82M 121.53M 161.58M
EBITDA 109.95M 115.57M 150.18M 159.95M 167.01M
Diluted EPS 0.00 0.00 0.01 0.01 0.01
Dividends Per Share 0.00 0.00 0.00 0.00 --
Total Assets 1,422.00M 2,327.34M 3,367.14M 4,118.91M 4,474.03M
Total liabilities 1,027.51M 1,381.86M 2,288.70M 2,921.74M 3,132.91M
Total equity 317.38M 849.49M 931.16M 1,029.45M 1,145.69M
Operating cash flow 17.79M -83.70M 140.88M 191.23M 58.91M

Valuation Measures

Dec 2019
Operating margin6.76%
Profit margin8.39%

Key executives

  • President Director: Tumiyana
  • Director-Operation II: Bambang Pramujo
  • Director-Operation III: Destiawan Soewardjono
  • Director-Operation I: Agung Budi Waskito
  • Finance Director: Ade Wahyu


  • Government of Indonesia (65.0%)
  • Dimensional Fund Advisors LP (1.3%)
  • The Vanguard Group, Inc. (1.2%)
  • Victory Capital Management, Inc. (Investment Management) (0.6%)
  • BlackRock Fund Advisors (0.5%)
  • PT Indo Premier Securities (Investment Management) (0.5%)
  • PT Batavia Prosperindo Aset Manajemen (0.3%)
  • Lazard Asset Management LLC (0.2%)
  • Henderson Global Investors Ltd. (0.2%)
  • DNB Investment Advisory Services (India) Private Ltd. (0.1%)

Contact Details

  • Website:
  • Address: WIKA Tower 1 & 2, Jalan D.I. Panjaitan Kavling 9 - 10, Jakarta, 13340, Indonesia
  • Phone: +62.21.8067.9200

Related Companies

  • PT Wijaya Karya Serang Panimbang
  • PT Wijaya Karya Bangunan Gedung Tbk
  • PT Citra Lautan Teduh
  • PT Wijaya Karya Rekayasa Konstruksi
  • PT Wijaya Karya Beton Tbk
  • PT Wijaya Karya Realty
  • PT Wika-NGK Insulators
  • PT Wijaya Tama Perkasa
  • PT Wijaya Karya Industri & Konstruksi
  • PT Wijaya Karya Bitumen


    Last Updated on 3 Apr, 2020

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