Technology Services
Wipro Ltd.
- 283.50 INR
- -1.85
- -0.65%
India
Jun 25, 2019Ticker
BOM(507685)Prev. close
285.35Market cap (INR)
1,722.18BMarket cap (USD)
24,832.41MShares
6,035.35M
In the news
- 'India's Bill Gates' to retire from IT group Wipro Jun 7, 2019
- Indian builder Larsen & Toubro seeks control of IT firm Mindtree Mar 26, 2019
- India IT back on track as Tata and HCL mark double-digit growth Feb 5, 2019
- Tata Consultancy, Infosys back with hiring spree as digital technologies drive outsourcing Nov 22, 2018
- Indian IT companies boost US hiring as Trump puts squeeze on visas May 31, 2018 See more articles on Wipro Ltd.
Company Background
Wipro is India's third-largest information technology company. Like its rival Indian IT service providers, Wipro is a major IT business that operates around the world. The company has over 150,000 employees across the world, and posts about 80% of its sales outside India.
Wipro's beginning was very different to other major Indian IT companies. It started as a vegetable oil producer in 1945. Azim Premji, the company's current chairman, became the head of the company in 1966 following the sudden death of his father. Under his leadership, Wipro broadened into other areas of business. The company entered the IT industry in the 1980s. It gradually shifted its emphasis from hardware production to offshore software development, building its foundation as a major IT company.
Premji owns the majority of the company's shares. Non-IT businesses, including hydraulic cylinder manufacturing and household product operations, are currently managed by Wipro Enterprises, a group company.
Business Summary
Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions. It operates through the Information Technology Services and Information Technology Products segments. The Information Technology Services segment provides IT and IT-enabled services which include IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, BPO services, cloud, mobility and analytics services, research and development and hardware and software design. The Information Technology Products segment provides a range of third-party IT products, which allows to provide comprehensive IT system integration services. The company was founded on December 29, 1945 and is headquartered in Bangalore, India.
Financial Highlights
| Mar 2019 | INR | USD |
| Revenue | 585,845M | 8,376.07M |
| Gross Profit | 173,792M | 2,484.77M |
| Operating income | 99,810M | 1,427.02M |
| Income before tax | 115,458M | 1,650.75M |
| Net income | 90,031M | 1,287.21M |
| EBITDA | 116,966M | 1,672.31M |
| Diluted EPS | 14.94 | 0.21 |
| Dividends Per Share | -- | -- |
| Total Assets | 833,171M | 12,027.00M |
| Total liabilities | 262,418M | 3,788.06M |
| Total equity | 568,116M | 8,200.88M |
| Operating cash flow | 132,044M | 1,887.88M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
| Revenue | 469,545M | 512,440M | 550,402M | 544,871M | 585,845M |
| Gross Profit | 147,052M | 154,271M | 156,060M | 155,825M | 173,792M |
| Operating income | 91,786M | 92,993M | 89,076M | 83,449M | 99,810M |
| Income before tax | 111,683M | 114,933M | 110,356M | 102,474M | 115,458M |
| Net income | 86,528M | 89,075M | 84,895M | 80,081M | 90,031M |
| EBITDA | 104,609M | 107,958M | 109,127M | 103,930M | 116,966M |
| Diluted EPS | 13.17 | 13.56 | 13.06 | 12.62 | 14.94 |
| Dividends Per Share | 4.50 | 2.25 | 0.75 | 0.75 | -- |
| Total Assets | 606,792M | 733,061M | 793,516M | 760,640M | 833,171M |
| Total liabilities | 197,164M | 265,677M | 270,821M | 275,294M | 262,418M |
| Total equity | 407,982M | 465,172M | 520,304M | 482,936M | 568,116M |
| Operating cash flow | 89,773M | 95,959M | 108,154M | 96,066M | 132,044M |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
| Revenue | 7,679.39M | 7,826.99M | 8,207.96M | 8,452.06M | 8,376.07M |
| Gross Profit | 2,405.03M | 2,356.33M | 2,327.27M | 2,417.16M | 2,484.77M |
| Operating income | 1,501.15M | 1,420.37M | 1,328.36M | 1,294.46M | 1,427.02M |
| Income before tax | 1,826.57M | 1,755.48M | 1,645.70M | 1,589.58M | 1,650.75M |
| Net income | 1,415.16M | 1,360.52M | 1,266.01M | 1,242.21M | 1,287.21M |
| EBITDA | 1,710.87M | 1,648.94M | 1,627.37M | 1,612.16M | 1,672.31M |
| Diluted EPS | 0.21 | 0.20 | 0.19 | 0.19 | 0.21 |
| Dividends Per Share | 0.07 | 0.03 | 0.01 | 0.01 | -- |
| Total Assets | 9,696.06M | 11,069.66M | 12,220.15M | 11,662.37M | 12,027.00M |
| Total liabilities | 3,150.52M | 4,011.88M | 4,170.64M | 4,220.89M | 3,788.06M |
| Total equity | 6,519.23M | 7,024.37M | 8,012.68M | 7,404.53M | 8,200.88M |
| Operating cash flow | 1,468.23M | 1,465.67M | 1,612.86M | 1,490.17M | 1,887.88M |
Valuation Measures
| Mar 2019 | |
| PER | 16.99 |
| ROA | 11.29% |
| ROE | 17.13% |
| Operating margin | 17.03% |
| Profit margin | 15.36% |
Key executives
- Chief Executive Officer & Executive Director: Abidali Z. Neemuchwala
- Co-President & Chief Operating Officer: B. M. Bhanumurthy
- Co-President & Chief Human Resources Officer: Saurabh Govil
- Chief Financial Officer: Jatin Pravinchandra Dalal
- Chief Technology Officer: K. R. Sanjiv
Shareholders
- PREMJI AZIM HASHAM (73.3%)
- Life Insurance Corp. of India (5.5%)
- BlackRock Fund Advisors (0.7%)
- Alco Co. Pvt Ltd. (0.6%)
- The Vanguard Group, Inc. (0.5%)
- Norges Bank Investment Management (0.4%)
- ICICI Prudential Asset Management Co. Ltd. (0.4%)
- Dimensional Fund Advisors LP (0.3%)
- PREMJI AZIM PHILANTHROPIC INITIATIVES PVT LTD (0.3%)
- PineBridge Investments Asia Ltd. (0.3%)
Contact Details
- Website:http://www.wipro.com
- Address: Doddakannelli, Sarjapur Road, Bengaluru, 560035, India
- Phone: +91.80.28440011
Related Companies
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- Wipro Unza (China) Ltd.
- Wipro Personal Care Pvt Ltd.
- Alight HR Services India Pvt Ltd.
- Wipro Unza Singapore Pte Ltd.
- Wipro Limited
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- Wipro Limited
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- Wipro UK Ltd.
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- Vignani Solutions Pvt Ltd.
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- Wipro Singapore Pte Ltd.
- Wipro Digital
- Wipro Ventures
- Sanoma Ojy /Finland & Netherlands ICT Businesses/
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- Wipro Arabia Ltd.
- Wipro Enterprises Pvt Ltd.
- Wipro Ltd. (Indonesia)
- L.D. Waxson Singapore Pte Ltd.
- Yardley of London /Yardley European Ops/
- Promax Applications Group
- Wipro Ltd. /Water Purification & Treatment Buss/
- Wipro Technologies SRL
- Wipro Consumer Care Ltd.
- Wipro Travel Services Ltd.
- Wipro Chandrika Ltd.
Competitors
- International Business Machines Corporation
- Atos SE
- Cognizant Technology Solutions Corporation Class A
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- Singapore Telecommunications Limited
- Genpact Limited
- EPAM Systems, Inc.
- Perficient, Inc.
- Sopra Steria Group SA
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- NetSol Technologies, Inc.
- AMERI Holdings, Inc.
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- StarTek, Inc.
- Teleperformance SE
- Cigniti Technologies Limited
- Firstsource Solutions Limited
- WNS (Holdings) Limited Sponsored ADR
- Sykes Enterprises, Incorporated
- BSQUARE Corporation
- Amdocs Limited
- CLPS, Inc.
- Information Services Group, Inc.
- Radian Group Inc.
- Exela Technologies, Inc.
- DY Corp
- DY POWER Corporation
- SecureWorks Corp. Class A
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Last Updated on 25 Jun, 2019