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Wipro- Financial Information

Updated on October 13, 2021 , 4854 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.

Wipro

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:

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 Share Price BSE & NSE

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.
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