Wipro Ltd

Wipro Ltd

₹ 404 -0.77%
05 Dec 4:01 p.m.
About

Wipro Ltd is a global Information technology, consulting and business process services (BPS) company.[1]

It is the 4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies.[2]

Key Points

IT Services Segment (~97% of revenues)[1]
The company's IT services offerings are organized through two global business lines :-

  • Market Cap 2,11,199 Cr.
  • Current Price 404
  • High / Low 444 / 352
  • Stock P/E 18.1
  • Book Value 133
  • Dividend Yield 0.25 %
  • ROCE 17.7 %
  • ROE 15.9 %
  • Face Value 2.00

Pros

Cons

  • The company has delivered a poor sales growth of 10.7% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
15,097 15,670 16,245 18,467 19,669 20,315 20,861 21,529 22,540 23,229 23,190 22,831 22,516
11,660 11,553 12,218 14,272 15,500 16,134 16,724 17,671 18,608 18,682 18,685 18,627 18,546
Operating Profit 3,437 4,117 4,028 4,195 4,169 4,181 4,136 3,858 3,932 4,547 4,505 4,204 3,970
OPM % 23% 26% 25% 23% 21% 21% 20% 18% 17% 20% 19% 18% 18%
555 664 534 579 505 484 502 472 512 641 646 640 740
Interest 127 140 112 75 146 140 172 204 227 290 286 309 303
Depreciation 658 791 699 826 772 746 734 774 797 923 847 738 897
Profit before tax 3,207 3,850 3,750 3,873 3,756 3,779 3,732 3,352 3,420 3,975 4,018 3,798 3,509
Tax % 23% 22% 21% 16% 22% 21% 17% 24% 23% 23% 23% 24% 24%
2,484 2,998 2,974 3,248 2,931 2,972 3,092 2,559 2,649 3,065 3,094 2,886 2,667
EPS in Rs 4.31 5.19 5.42 5.92 5.35 5.42 5.63 4.68 4.85 5.56 5.60 5.23 5.07
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
37,188 37,430 43,424 46,951 51,244 55,448 54,487 59,019 61,138 61,935 79,312 90,488 91,766
30,156 29,773 33,788 36,652 40,448 44,128 44,100 47,406 48,795 47,164 62,628 73,640 74,540
Operating Profit 7,032 7,657 9,635 10,299 10,796 11,321 10,387 11,613 12,342 14,771 16,684 16,848 17,226
OPM % 19% 20% 22% 22% 21% 20% 19% 20% 20% 24% 21% 19% 19%
1,268 1,440 1,922 2,450 2,752 2,623 2,550 2,614 2,728 2,404 2,067 2,266 2,667
Interest 344 289 383 350 558 594 583 738 733 509 532 1,008 1,188
Depreciation 975 940 1,060 1,175 1,496 2,310 2,112 1,947 2,086 2,763 3,078 3,340 3,404
Profit before tax 6,981 7,869 10,114 11,224 11,494 11,039 10,242 11,542 12,252 13,903 15,141 14,766 15,300
Tax % 20% 21% 21% 22% 22% 23% 22% 22% 20% 22% 19% 23%
5,630 6,182 7,991 8,714 8,957 8,518 8,003 9,018 9,772 10,868 12,243 11,366 11,712
EPS in Rs 8.55 9.36 12.08 13.15 13.52 13.10 13.27 14.92 17.02 19.70 22.31 20.68 21.46
Dividend Payout % 26% 28% 25% 34% 17% 6% 6% 7% 6% 5% 27% 5%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 14%
TTM: 8%
Compounded Profit Growth
10 Years: 7%
5 Years: 7%
3 Years: 5%
TTM: 3%
Stock Price CAGR
10 Years: 8%
5 Years: 10%
3 Years: 4%
1 Year: -2%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 18%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 492 492 493 494 494 486 905 1,207 1,143 1,096 1,096 1,098 1,044
Reserves 26,526 26,072 31,636 36,598 45,651 51,184 47,022 55,216 54,179 53,805 64,307 76,570 68,394
5,896 6,381 5,159 7,891 12,522 14,241 13,901 9,947 9,724 10,451 17,593 17,467 17,918
10,318 10,675 12,245 13,367 12,924 12,761 13,563 16,217 15,954 17,213 24,280 21,789 20,824
Total Liabilities 43,231 43,621 49,533 58,350 71,590 78,672 75,391 82,586 81,000 82,566 107,276 116,924 108,180
12,436 9,996 10,649 10,837 17,279 19,886 18,127 17,465 22,062 23,040 37,990 44,757 43,600
CWIP 347 407 369 395 381 738 1,378 2,142 1,881 1,853 1,602 617 722
Investments 4,472 6,765 6,146 5,532 20,915 29,913 25,797 22,887 20,032 18,775 26,154 33,073 26,224
25,977 26,454 32,368 41,586 33,016 28,135 30,090 40,093 37,024 38,898 41,531 38,477 37,634
Total Assets 43,231 43,621 49,533 58,350 71,590 78,672 75,391 82,586 81,000 82,566 107,276 116,924 108,180

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4,009 6,394 6,790 7,840 7,887 9,277 8,423 11,632 10,064 14,755 11,080 13,060
-638 -4,536 -284 -2,537 -13,761 -11,770 3,595 5,065 3,593 685 -22,321 -8,169
-1,719 -1,140 -3,570 -830 -159 -2,275 -12,998 -4,937 -15,100 -12,884 4,659 -6,088
Net Cash Flow 1,652 717 2,936 4,474 -6,032 -4,767 -979 11,760 -1,442 2,556 -6,583 -1,197

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 79 75 72 71 71 62 68 62 62 56 53 51
Inventory Days 67 39 28 56 66
Days Payable 301 572 639 671 597
Cash Conversion Cycle -155 -459 -539 -544 -461 62 68 62 62 56 53 51
Working Capital Days 50 24 48 65 60 54 57 29 18 18 33 36
ROCE % 24% 24% 29% 27% 23% 19% 17% 19% 20% 22% 21% 18%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
74.01% 73.02% 73.02% 73.02% 73.01% 73.00% 73.00% 72.96% 72.94% 72.92% 72.91% 72.93%
8.46% 9.21% 9.83% 9.69% 9.34% 8.12% 6.95% 6.58% 6.30% 6.38% 6.32% 6.47%
6.08% 6.16% 5.69% 2.05% 2.77% 3.24% 3.43% 7.96% 7.84% 8.01% 7.56% 8.03%
11.09% 11.25% 11.11% 14.92% 14.59% 15.37% 16.36% 12.29% 12.73% 12.51% 13.05% 12.43%
0.36% 0.35% 0.34% 0.32% 0.29% 0.27% 0.25% 0.21% 0.19% 0.18% 0.16% 0.14%
No. of Shareholders 7,18,3208,18,5398,70,32811,40,89313,18,77519,34,98624,01,89426,70,78527,65,51326,91,32927,79,43625,93,087

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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