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Technology Services

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 following segments: Information Technology Services, India State Run Enterprise (ISRE), and Information Technology Products. The Information Technology Services segment provides a range of IT and IT-enabled services, which include digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development, and hardware and software design to enterprises worldwide. The Information Technology Products segment offers a range of third-party IT products, which allows the firm to provide comprehensive IT system integration services. The ISRE segment is composed of IT services offerings to organizations owned or controlled by the Government of India and any Indian State Governments. The company was founded on December 29, 1945 and is headquartered in Bengaluru, India.

Financial Highlights

Mar 2022 INRUSD
Revenue790,934M10,615.19M
Gross Profit235,062M3,154.78M
Operating income133,745M1,795.00M
Income before tax151,218M2,029.50M
Net income122,191M1,639.93M
EBITDA164,656M2,209.86M
Diluted EPS22.280.29
Dividends Per Share----
Total Assets1,079.18B14,241.92M
Total liabilities420,509M5,549.44M
Total equity658,158M8,685.68M
Operating cash flow117,985M1,583.48M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 544,871M 585,845M 610,232M 619,430M 790,934M
Gross Profit 155,825M 173,792M 174,147M 196,225M 235,062M
Operating income 83,449M 99,810M 101,417M 123,548M 133,745M
Income before tax 102,474M 115,458M 122,483M 138,877M 151,218M
Net income 80,081M 90,031M 97,218M 107,946M 122,191M
EBITDA 103,930M 116,966M 122,279M 148,786M 164,656M
Diluted EPS 12.62 14.94 16.62 19.06 22.28
Dividends Per Share 0.75 0.75 1 1 --
Total Assets 760,640M 833,171M 817,062M 831,434M 1,079.18B
Total liabilities 275,294M 262,418M 257,729M 276,841M 420,509M
Total equity 482,936M 568,116M 557,458M 553,095M 658,158M
Operating cash flow 96,066M 132,044M 120,246M 163,843M 117,985M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 8,452.06M 8,376.07M 8,606.21M 8,344.17M 10,615.19M
Gross Profit 2,417.16M 2,484.77M 2,456.02M 2,643.29M 3,154.78M
Operating income 1,294.46M 1,427.02M 1,430.30M 1,664.28M 1,795.00M
Income before tax 1,589.58M 1,650.75M 1,727.39M 1,870.77M 2,029.50M
Net income 1,242.21M 1,287.21M 1,371.08M 1,454.11M 1,639.93M
EBITDA 1,612.16M 1,672.31M 1,724.52M 2,004.25M 2,209.86M
Diluted EPS 0.19 0.21 0.23 0.25 0.29
Dividends Per Share 0.01 0.01 0.01 0.01 --
Total Assets 11,662.37M 12,027.00M 10,800.37M 11,371.78M 14,241.92M
Total liabilities 4,220.89M 3,788.06M 3,406.80M 3,786.44M 5,549.44M
Total equity 7,404.53M 8,200.88M 7,368.78M 7,564.85M 8,685.68M
Operating cash flow 1,490.17M 1,887.88M 1,695.85M 2,207.08M 1,583.48M

Valuation Measures

Mar 2022
PER26.48
ROA12.79%
ROE20.17%
Operating margin16.90%
Profit margin15.44%

Key executives

  • CEO, Executive Director & Managing Director: Thierry Delaporte
  • President & Chief Financial Officer: Jatin Pravinchandra Dalal
  • Chief Operations Officer: Sanjeev Singh
  • Global Head-Engineering, Research & Development: Harmeet Chauhan
  • Chief Technology Officer: Subha Tatavarti

Shareholders

  • PREMJI AZIM HASHAM (72.5%)
  • Life Insurance Corporation of India (Investment Portfolio) (3.3%)
  • SBI Funds Management Pvt Ltd. (1.0%)
  • BlackRock Fund Advisors (0.7%)
  • ICICI Prudential Asset Management Co. Ltd. (0.5%)
  • Norges Bank Investment Management (0.5%)
  • The Vanguard Group, Inc. (0.5%)
  • Axis Asset Management Co. Ltd. (0.4%)
  • UTI Asset Management Co. Ltd. (Investment Management) (0.2%)
  • PREMJI AZIM PHILANTHROPIC INITIATIVES PVT LTD (0.2%)

Contact Details

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

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  • Wipro Limited
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  • Convergence Acceleration Solutions LLC
  • Wipro Shanghai Ltd.
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Competitors

  • Capgemini SE
  • Atos SE
  • Globant SA
  • DATAGROUP SE
  • CMTSU Liquidation, Inc.
  • Cognizant Technology Solutions Corporation Class A
  • Capita plc
  • Kyndryl Holdings Incorporation
  • Sopra Steria Group SA
  • EPAM Systems, Inc.
  • Rackspace Technology, Inc.
  • Genpact Limited
  • Deutsche Telekom AG
  • Perficient, Inc.
  • Micropole SA
  • Arabian Internet and Communications Services Company
  • Amdocs Limited
  • Grid Dynamics Holdings, Inc. Class A
  • NetSol Technologies, Inc.
  • Startek, Inc.
  • Firstsource Solutions Limited
  • Teleperformance SA
  • BSQUARE Corporation
  • WNS (Holdings) Limited Sponsored ADR
  • Cigniti Technologies Limited
  • Black Knight, Inc.
  • CLPS, Inc.
  • Exela Technologies, Inc.
  • CEVA, Inc.
  • DY Corporation
Last Updated on 29 Jun, 2022

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