Wipro Ltd.

In the news

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Troubled Infosys risks losing clients in already weak market Oct 25, 2019
Asian equities advance tracking Wall Street gains Oct 16, 2019
Wipro exceeds expectations as profit surges Oct 15, 2019
Asian equities little changed as investors await trade deal clarity Oct 15, 2019

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	0.75	0.01
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

INR | USD

	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	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	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

CEO, Managing Director & 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 (77.5%)
Life Insurance Corp. of India (5.0%)
Alco Co. Pvt Ltd. (0.7%)
BlackRock Fund Advisors (0.7%)
The Vanguard Group, Inc. (0.5%)
Norges Bank Investment Management (0.5%)
ICICI Prudential Asset Management Co. Ltd. (0.5%)
PREMJI AZIM PHILANTHROPIC INITIATIVES PVT LTD (0.3%)
Dimensional Fund Advisors LP (0.3%)
SBI Funds Management Pvt Ltd. (0.3%)

Contact Details

Website:http://www.wipro.com
Address: Doddakannelli, Sarjapur Road, Bengaluru, 560035, India
Phone: +91.80.28440011

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Competitors

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Last Updated on 13 Dec, 2019