Wipro Ltd.

In the news

India's IT services groups brace for global spending freeze Apr 17, 2020
Accenture earnings raise hopes for Indian software exporters Mar 20, 2020
Asian stocks extend losses as China virus kills more people Jan 31, 2020
Indian software firm Wipro's CEO Neemuchwala to step down Jan 31, 2020
Tata Consultancy profit misses estimates as banks curb technology spending Jan 17, 2020

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 2020	INR	USD
Revenue	610,232M	8,606.21M
Gross Profit	174,147M	2,456.02M
Operating income	101,417M	1,430.30M
Income before tax	122,483M	1,727.39M
Net income	97,218M	1,371.08M
EBITDA	122,279M	1,724.52M
Diluted EPS	16.62	0.23
Dividends Per Share	1	0.01
Total Assets	817,062M	10,800.37M
Total liabilities	257,729M	3,406.80M
Total equity	557,458M	7,368.78M
Operating cash flow	120,246M	1,695.85M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Revenue	512,440M	550,402M	544,871M	585,845M	610,232M
Gross Profit	154,271M	156,060M	155,825M	173,792M	174,147M
Operating income	92,993M	89,076M	83,449M	99,810M	101,417M
Income before tax	114,933M	110,356M	102,474M	115,458M	122,483M
Net income	89,075M	84,895M	80,081M	90,031M	97,218M
EBITDA	107,958M	109,127M	103,930M	116,966M	122,279M
Diluted EPS	13.59	13.06	12.62	14.94	16.62
Dividends Per Share	2.25	0.75	0.75	0.75	1
Total Assets	733,061M	793,516M	760,640M	833,171M	817,062M
Total liabilities	265,677M	270,821M	275,294M	262,418M	257,729M
Total equity	465,172M	520,304M	482,936M	568,116M	557,458M
Operating cash flow	95,959M	108,154M	96,066M	132,044M	120,246M

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Revenue	7,826.99M	8,207.96M	8,452.06M	8,376.07M	8,606.21M
Gross Profit	2,356.33M	2,327.27M	2,417.16M	2,484.77M	2,456.02M
Operating income	1,420.37M	1,328.36M	1,294.46M	1,427.02M	1,430.30M
Income before tax	1,755.48M	1,645.70M	1,589.58M	1,650.75M	1,727.39M
Net income	1,360.52M	1,266.01M	1,242.21M	1,287.21M	1,371.08M
EBITDA	1,648.94M	1,627.37M	1,612.16M	1,672.31M	1,724.52M
Diluted EPS	0.20	0.19	0.19	0.21	0.23
Dividends Per Share	0.03	0.01	0.01	0.01	0.01
Total Assets	11,069.66M	12,220.15M	11,662.37M	12,027.00M	10,800.37M
Total liabilities	4,011.88M	4,170.64M	4,220.89M	3,788.06M	3,406.80M
Total equity	7,024.37M	8,012.68M	7,404.53M	8,200.88M	7,368.78M
Operating cash flow	1,465.67M	1,612.86M	1,490.17M	1,887.88M	1,695.85M

Valuation Measures

Mar 2020
PER	11.79
ROA	11.78%
ROE	17.27%
Operating margin	16.61%
Profit margin	15.93%

Key executives

Chief Executive Officer & Managing Director: Thierry Delaporte
Co-President & Chief Operating Officer: B. M. Bhanumurthy
Co-President & Chief Financial Officer: Jatin Pravinchandra Dalal
Co-President & Chief Human Resources Officer: Saurabh Govil
Chief Technology Officer: K. R. Sanjiv

Shareholders

PREMJI AZIM HASHAM (73.5%)
ICICI Prudential Asset Management Co. Ltd. (0.8%)
BlackRock Fund Advisors (0.5%)
The Vanguard Group, Inc. (0.5%)
Norges Bank Investment Management (0.5%)
SBI Funds Management Pvt Ltd. (0.4%)
PREMJI AZIM PHILANTHROPIC INITIATIVES PVT LTD (0.3%)
Dimensional Fund Advisors LP (0.3%)
HDFC Asset Management Co. Ltd. (Invt Mgmt) (0.2%)
APG Asset Management NV (0.2%)

Contact Details

Website:http://www.wipro.com
Address: Doddakannelli, Sarjapur Road, Bengaluru, 560035, India
Phone: +91.80.46827999

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Last Updated on 23 Sep, 2020