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Technology Services
Wipro Ltd.
- 329.80 INR
- +2.50
- +0.76%
India
Dec 10, 2018Ticker
BOM(507685)Prev. close
327.30Market cap (INR)
1,480.74BMarket cap (USD)
20,740.15MShares
4,524.11M
In the news
- 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
- India shares little changed as software exporters decline, banks advance May 2, 2018
- India shares post fifth week of gains as banks, Reliance Industries advance Apr 27, 2018
- Wipro likely to battle slow-growth phase for another year Apr 26, 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 2018 | INR | USD |
| Revenue | 544,871M | 8,452.06M |
| Gross Profit | 155,825M | 2,417.16M |
| Operating income | 83,449M | 1,294.46M |
| Income before tax | 102,474M | 1,589.58M |
| Net income | 80,081M | 1,242.21M |
| EBITDA | 103,930M | 1,612.16M |
| Diluted EPS | 16.83 | 0.26 |
| Dividends Per Share | 1 | 0.01 |
| Total Assets | 760,640M | 11,662.37M |
| Total liabilities | 275,294M | 4,220.89M |
| Total equity | 482,936M | 7,404.53M |
| Operating cash flow | 96,066M | 1,490.17M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
| Revenue | 434,269M | 469,545M | 512,440M | 550,402M | 544,871M |
| Gross Profit | 138,243M | 147,052M | 154,271M | 156,060M | 155,825M |
| Operating income | 85,995M | 91,786M | 92,993M | 89,076M | 83,449M |
| Income before tax | 101,005M | 111,683M | 114,933M | 110,356M | 102,474M |
| Net income | 77,967M | 86,528M | 89,075M | 84,895M | 80,081M |
| EBITDA | 97,101M | 104,609M | 107,958M | 109,127M | 103,930M |
| Diluted EPS | 15.83 | 17.57 | 18.09 | 17.42 | 16.83 |
| Dividends Per Share | 4 | 6 | 3 | 1 | 1 |
| Total Assets | 502,304M | 606,792M | 733,061M | 793,516M | 760,640M |
| Total liabilities | 157,418M | 197,164M | 265,677M | 270,821M | 275,294M |
| Total equity | 343,499M | 407,982M | 465,172M | 520,304M | 482,936M |
| Operating cash flow | 78,689M | 89,773M | 95,959M | 108,154M | 96,066M |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
| Revenue | 7,185.80M | 7,679.39M | 7,826.99M | 8,207.96M | 8,452.06M |
| Gross Profit | 2,287.49M | 2,405.03M | 2,356.33M | 2,327.27M | 2,417.16M |
| Operating income | 1,422.95M | 1,501.15M | 1,420.37M | 1,328.36M | 1,294.46M |
| Income before tax | 1,671.32M | 1,826.57M | 1,755.48M | 1,645.70M | 1,589.58M |
| Net income | 1,290.11M | 1,415.16M | 1,360.52M | 1,266.01M | 1,242.21M |
| EBITDA | 1,606.72M | 1,710.87M | 1,648.94M | 1,627.37M | 1,612.16M |
| Diluted EPS | 0.26 | 0.28 | 0.27 | 0.25 | 0.26 |
| Dividends Per Share | 0.06 | 0.09 | 0.04 | 0.01 | 0.01 |
| Total Assets | 8,410.63M | 9,696.06M | 11,069.66M | 12,220.15M | 11,662.37M |
| Total liabilities | 2,635.82M | 3,150.52M | 4,011.88M | 4,170.64M | 4,220.89M |
| Total equity | 5,751.58M | 6,519.23M | 7,024.37M | 8,012.68M | 7,404.53M |
| Operating cash flow | 1,302.05M | 1,468.23M | 1,465.67M | 1,612.86M | 1,490.17M |
Valuation Measures
| Mar 2018 | |
| PER | 16.69 |
| ROA | 10.30% |
| ROE | 15.96% |
| Operating margin | 15.31% |
| Profit margin | 14.69% |
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 & Senior Vice President: Jatin Pravinchandra Dalal
- Chief Technology Officer: K. R. Sanjiv
Shareholders
- PREMJI AZIM HASHAM (73.8%)
- Life Insurance Corp. of India (3.5%)
- First State Investment Management (UK) Ltd. (1.2%)
- ICICI Prudential Asset Management Co. Ltd. (1.1%)
- BlackRock Fund Advisors (0.9%)
- Alco Co. Pvt Ltd. (0.6%)
- The Vanguard Group, Inc. (0.5%)
- Norges Bank Investment Management (0.4%)
- SBI Funds Management Pvt Ltd. (0.3%)
- Dimensional Fund Advisors LP (0.3%)
Contact Details
- Website:http://www.wipro.com
- Address: Doddakannelli, Sarjapur Road, Bengaluru, 560035, India
- Phone: +91.80.28440011
Related Companies
- Alight HR Services India Pvt Ltd.
- Wipro Unza Singapore Pte Ltd.
- Wipro Limited
- Wipro Ltd. /EcoEnergy Division/
- Wipro Limited
- Wipro Ltd Singapore
- Wipro UK Ltd.
- Wipro Australia Pty Ltd.
- Wipro (Shanghai) Ltd.
- Vignani Solutions Pvt Ltd.
- Wipro Chengdu Ltd.
- Wipro Singapore Pte Ltd.
- Wipro Digital
- Wipro Ventures
- Sanoma Ojy /Finland & Netherlands ICT Businesses/
- Wipro Networks Pte Ltd.
- Wipro Arabia Ltd.
- Wipro Enterprises (P) 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.
- Wipro Trademarks Holding Ltd.
- RKM Equipamentos Hidraulicos Ltda.
- SAIC Gulf LLC
Competitors
- Atos SE
- Cognizant Technology Solutions Corporation Class A
- Virtusa Corporation
- CMTSU Liquidation, Inc.
- Tieto Oyj
- Singapore Telecommunications Limited
- Genpact Limited
- EPAM Systems, Inc.
- Perficient, Inc.
- Sopra Steria Group SA
- Sify Technologies Limited Sponsored ADR
- NetSol Technologies, Inc.
- Globant SA
- AMERI Holdings, Inc.
- Hinduja Global Solutions Limited
- Teleperformance SE
- Cigniti Technologies Limited
- Firstsource Solutions Limited
- WNS (Holdings) Limited Sponsored ADR
- Sykes Enterprises, Incorporated
- BSQUARE Corporation
- Amdocs Limited
- Altran Technologies SA
- CLPS, Inc.
- Information Services Group, Inc.
- Radian Group Inc.
- Ellie Mae, Inc.
- DY Corp
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