Wipro - Financial Information

Updated on March 27, 2023 , 14972 views

Wipro is an Indian multinational company that deals in information technology (IT), consulting and business process services. Its headquarters is situated in Bangalore, Karnataka. It was founded in 1945 by Mohamad Premji. Azim Premji, one of India’s greatest entrepreneurs and philanthropist, owns the company today.

The company provides IT consulting, custom application design, development, re-engineering, BPO services, cloud, mobility, analytics services, research and development and hardware and software design.

Particulars	Description
Type	Public
Industry	Conglomerate
Founded	29 December 1945; 74 years ago
Founder	Mohamed Premji
Area served	Worldwide
Key people	Rishad Premji (Chairman)
Products	Personal care, Health care, Lighting Furniture Services
Digital strategy	IT services Consulting Outsourcing Managed services
Revenue	Rs. 63,862.60 crore (2020)
Operating Income	Rs. 12,249.00 crore (2020)
Net income	Rs. 9,722.30 crore (2020)
Total assets	Rs. 81,278.90 crore (2020)
Total equity	Rs. 55,321.70 crore (2020)
Owner	Azim Premji (73.85%)

It has garnered global recognition for its various services and has been serving clients across 6 continents across the globe. It also has a proud 180,00 employee base. It was featured in the Bloomberg’s Gender Equality Index in 2020 and has also received a score of 90/100 on the 2020 Corporate Equality Index. In 2019, it won the Global Breakthrough Partner of the Year from Pivotal Software and was also the winner for the Gender Inclusion category with NASSCOM Diversity and Inclusion Awards. It was also declared as one the best companies for Women in India in 2019 by Best Companies for Women in India (BCWI).

It was the first runner up for the United National Global Compact Network India (UN GCNI)- Women at Workplace Awards 2019 among others.

Wipro Enterprises was founded in 2013 for non-IT services from Wipro. It has two main divisions as follows: Wipro Consumer Care and Lighting (WCCLG) and Wipro Infrastructure Engineering (WIN).

1. Wipro Consumer Care and Lighting (WCCLG)

Wipro Consumer Care and Lighting has a strong presence in India also in the entire of South-East Asia and the Middle East. It has a global workforce of around 10,000 serving in 20 countries worldwide. It deals with Personal care products like soaps and toiletries along with baby care and Wellness Electrical wire devices with lighting and modular office furniture.

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Some of the countries it has established a strong brand presence is Bangladesh, China, Hong Kong, Jordan, Malaysia, Myanmar, Philippines, Saudi Arabia, Singapore, Taiwan, Thailand, UAE, United Kingdom, Vietnam, Nepal, Nigeria and Sri Lanka. Its sales revenue grew from Rs. 3.04 billion to Rs. 77.4 billion for the year 2019-2020.

2. Wipro Infrastructure Engineering (WIN)

Wipro Infrastructure Engineering is another successful undertaking of Wipro. It is involved in the Manufacturing and designing of custom Hydraulic Cylinders and infrastructure components related to construction, earthmoving, material, cargo handling, forestry, truck hydraulic, farm and agriculture, mining, aerospace and defence. Its facilities are spread across India, northern and eastern Europe, US, Brazil and China.

Financial Performance (Figures in ₹ Million except otherwise stated)	2014-15	2015-16	2016-17	2017-18	2018-19
Revenue1	473,182	516,307	554,179	546,359	589,060
Profit before Depreciation, Amortisation, Interest and Tax	108,246	111,825	116,986	105,418	119,384
Depreciation and Amortisation	12,823	14,965	23,107	21,124	19,474
Profit before Interest and Tax	95,423	96,860	93,879	84,294	99,910
Profit before Tax	111,683	114,933	110,356	102,474	115,415
Tax	24,624	25,366	25,213	22,390	25,242
Profit after Tax - attributable to equity holders	86,528	89,075	84,895	80,081	90,031
Earnings Per Share- Basic2	13.22	13.60	13.11	12.64	14.99
Earnings Per Share- Diluted2	13.18	13.57	13.07	12.62	14.95
Share Capital	4,937	4,941	4,861	9,048	12,068
Net worth	409,628	467,384	522,695	485,346	570,753
Gross cash (A)	251,048	303,293	344,740	294,019	379,245
Total Debt (B)	78,913	125,221	142,412	138,259	99,467
Net Cash (A-B)	172,135	178,072	202,328	155,760	279,778
Property, Plant and Equipment (C)	54,206	64,952	69,794	64,443	70,601
Intangible Assets (D)	7,931	15,841	15,922	18,113	13,762
Property, Plant and Equipment and Intangible Assets (C+D)	62,137	80,793	85,716	82,556	84,363
Goodwill	68,078	101,991	125,796	117,584	116,980
Net Current Assets	272,463	284,264	309,355	292,649	357,556
Capital Employed	488,538	592,605	665,107	623,605	670,220
Number of Shareholders3	213,588	227,369	241,154	269,694	330,075

Wipro is doing well in the stock Market. Mentioned below are it's stock prices as listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The stock prices depend on the day-to-day functioning of the stock market.

Wipro Limited (BSE)

Wipro Ltd	Previous Close	Open	High	Low	VWAP
270.45 +3.85 (+1.44%)	266.60	268.75	271.65	265.70	268.65

Wipro Limited (NSE)

Wipro Ltd	Previous Close	Open	High	Low	VWAP
270.05 +3.45 (+1.29%)	266.60	267.00	271.80	265.55	270.55

Share Price as on 25th July, 2020

Conclusion

Wipro is one of the most successful conglomerates in the country today. It has helped in developing India’s business scape and employment scale.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.