WILP-

BITS

Financial
Statement
Analysis

WIPRO LTD

MBA ZC/FIN 415

Financial and Management Accounting
EC1 Experiential Learning
SUBMITTED BY:-

Name Email ID Student ID

1 Jay Shukla 2018hb59537@wilp.bits-pilani.ac.in 2018HB59537

2 Vinay Kumar 2018hb59526@wilp.bits-pilani.ac.in 2018HB59526

3 Sawan Taluja 2018hb58521@wilp.bits-pilani.ac.in 2018HB58521

4 Pradeep Sharma 2018hb58519@wilp.bits-pilani.ac.in 2018HB58519

5 Aditi Tripathi 2018hb58541@wilp.bits-pilani.ac.in 2018HB58541

Online Submission:- Jay Shukla (2018HB59537)

z
EXECUTIVE SUMMARY MARKET
PROMOTERS

BACKGROUND

Wipro Ltd. Operates in following Filed:- Promoter and Promoter Group

 Cognitive computing,  Azim H Premji
 Hyper automation,  Hasham Traders
 Robotics,  Prazim Traders
 Cloud analytics,  Tariq Azim Premji
 FMCG  Azim Premji Trust
 Medical  Yasmeen A Premji
Revenue

FINANCIAL HIGHLIGHTS COMPANY’s

Vision Mission

To do continuous effort to enhance people's The Mission of WIPRO is to be a RF

lifestyle and quality by means of System Solution Provider, through its
developing new technology in wireless innovative research and design works
communication for a new world of broadband
wireless communications

PBT
 INDEX

S. No. Description

01 Introduction to Wipro Ltd.

a. History and Milestones

b. Vision, Mission, Objective

c. Products and Service Offered

d. Operational Model

e. Five major competitors of Wipro

02 Research Methodology

a. Financial Ratio

b. Selection of Competitor

c. Source of Data

03 Financial performance

a. Trend Analysis

b. Comparative Analysis of performance with competitors

c. Ratio Analysis of Financial Statement

d. Comparative Analysis of ratio with Competitors

04 SWOT Analysis

05 Conclusion

Balance Sheet and Income Statement of Company

Balance Sheet and Income Statement of Competitors

Wipro ltd

Wipro limited is a global organization, having its presence in field of information

technology, consulting and business process outsourcing. They work on technologies like
– cognitive computing, hyper automation, robotics, cloud analytics, and emerging
technologies.

a. Vision, Mission, Objectives of company

VISION
To do continuous effort to enhance
people's lifestyle and quality by
means of developing new technology
in wireless communication

MISSION
The Mission of WIPRO is to be a
RF System Solution Provider,
through its innovative research
and design works for a new world
of broadband wireless
communications

OBJECTIVE
 Mature the organization to a
competency based and
knowledge driven organization.
 Enable new technology/practices
adoption for diversification and
growth.
 Develop competency extension
framework to create new
business opportunities
b. Organization structure

Director Vice President

Marketing Marketing

Director
GM Operation
Operation
Managing
Chairman
Director
Chief
Deputy GM
Financial Finance
Officer

Vice President
GM HR
HR
 c. History and Mile Stones:-

Incorporation Manufacturing Name Crossed USD Going Global

as Western of Laundry Soap changed to 10 Million with global IT
India Product 787 at Amalner Wipro mark Services
Limited

1945 1947 1960 1975 1977 1980 1988 1989 1992 1994
Oil mill at Wipro
Diversification
Amalner Diversification Set-up of infotech and
in to
Maharashtra in to IT Wipro GE Wipro system
engineering
India Medical amalgamated
System with Wipro

First software
Launch of
Got Listed in technology
CFL under
NYSE and Service
brand name
Company in
Wipro
India
Smartlife

2000 2002 2002

All Values in Rs Cr.
 All values in Rs. Crore
d. Products and services offered
1. Western India Products Limited
i. Comprehensive IT solutions and services.
ii. System Integration
iii. Consulting.
iv. Information System Outsourcing.
v. IT-enabled Services.

2. Wipro Consumer Care & Lighting

i. FMCG segment
ii. Lighting products, including Smartlite CFL LED, and emergency lights

3. Wipro Infrastructure Engineering

i. Hydraulic cylinders,
ii. Truck cylinders, and their components and solutions

4. Wipro GE Medical Systems

e. Operational model.

Financia I O Financia
CAPI TAL

l l

Intellectu N Run Strategy Business Units U Intellectu

al Aligned with al C
Modernize the core
industry A
Manufacture P Corporate segments T Manufacture P
d StrategicGeographies d I
Planing

Our Vision
T
Huma U Change Strategy Service Lines P Huma A
n Delivering n L
Enable the future
deep
Social & T U Social &
expertise
Relationship
Relationship
Natura
l
S T Natura
l
 All values in Rs. Crore
f. Five Major Competitors of Company, their brief profile and position in market:-

Object 3

It can be clearly seen in the above diagram and also the data tabulated above TCS is the
market leader (in terms of revenue) in case of IT-Industry in India with a market share of
approx. 37% whereas WIPRO stands at 3rd place with a market share of approx. 15%.

Brief profile of top 5 competitors is as detailed below:-

1. TATA Consultancy Services:

TCS is an Indian MNC operating in field of IT Services having head quarter in Mumbai.
It is subsidiary of Tata group and operating in following fields:-
a. Application development and maintenance – Major Revenue.
b. Business process outsourcing.
c. Consulting.
d. Engineering and Industrial services.
e. Enterprise solution.
f. IT infrastructure services.
 All values in Rs. Crore
2. Infosys:
Infosys is an Indian MNC provides business consulting, information technology
and outsourcing solution. Infosys has headquarter in Bangalore:-
a. NIA – Next Generation Integrated AI Platform (formerly known as Mana)
b. Infosys Consulting – a global management consulting service
c. Infosys Information Platform (IIP) – Analytics platform
d. EdgeVerve Systems which includes Finacle, a global banking platform
e. Panaya Cloud Suite

3. HCL Technologies Limited

A subsidiary of HCL enterprises and having head office in Noida Uttar
Pradesh, is a an Indian MNC and having operation in field of IT Industry and
provides following services:-
a. Applications Services and Systems Integrations.
b. BPO/Business Services: This division has "delivery centres" in India, the
Philippines, Latin America, USA, HCL BPO Northern Ireland, and Europe.
c. Engineering and R&D Services
d. Infrastructure Management Services
e. IOT Works.
f. Digital & Analytics.
g. Cybersecurity.

4. Tech. Mahindra
Tech Mahindra Limited, an Indian MNC, provides solutions in field of
information technology (IT), networking technology solutions, Integrated
Engineering Solutions (IES) and Business Process Outsourcing (BPO) to
various industry verticals and horizontals.

5. L & T InfoTech.
Larsen & Toubro InfoTech Limited (LTI) is a global IT solutions company
based in Mumbai, India. LTI is ranked at no. 6 in India IT companies. The
company has presence in 27 countries with 39 offices. It employs standards
of the Software Engineering Institute's (SEI) Capability Maturity Model
Integration (CMMI) and is a Maturity Level 5 assessed organisation .
 All values in Rs. Crore
2. Research Methodology
Data Collection:-
Data related to the Financial figures have been collected from Money control and
companies balance sheet, whereas other data like field of operation, history and
other company related data have collected from the company’s website and their
Annual Reports.

Financial ratios being used for analysis of company current and past performance and
also comparison with competitors are:-

1. Liquid and Solvency Ratio

a. Current Ratio.
b. Quick Ratio.
c. Debt Equity Ratio.

2. Investment Valuation
a. Dividend per Share.
b. Operating Profit Margin.
c. Gross Profit Margin.
d. Net Profit Margin.
e. Return on Capital Employed.
f. Return on Net-Worth.
g. Return on Asset.

3. Debt Coverage Ratio

a. Interest Cover Ratio.
b. Total Debt to Owners Fund.
c. Financial Charges Coverage Ratio.

4. Management Efficiency
a. Inventory Turnover Ratio.
b. Debtors Turnover Ratio.
c. Investment Turnover Ratio
d. Fixed Assets Turnover Ratio.
e. Asset Turnover Ratio.
f. Number of Days in Working Capital.

5. Cash Flow Indicator

a. Dividend Payout Ratio
b. Earning Retention

Top 5 companies (including Wipro) based on Market share considering Revenue

considered for analysis in this report. The Revenue for these companies has already
been represented earlier in this document.
 All values in Rs. Crore
Financial performance:-

Wipro’s Year on Year Analysis:

Total Revenue

2018-17 2017-16 2016-15 2015-14 2014-13

Total Revenue 47,189.60 48,693.70 47,391.40 43,708.80 40,368.40

YOY Change (3.09)% 2.75% 8.43% 8.27% 16.83%

Object 5

Total Expenses
2018-17 2017-16 2016-15 2015-14 2014-13

Total Expenses 37,155.30 38,006.60 36,797.20 33,151.80 30,760.20

YOY Change (2.24)% 3.29% 11.00% 7.77% 12.48%

Object 7

EBITDA
 All values in Rs. Crore

2018-17 2017-16 2016-15 2015-14 2014-13

EBITDA 10,034.30 10,687.10 10,594.20 10,557.00 9,608.20

YOY Change (6.11)% 0.88% 0.35% 9.87% 33.35%

Object 9

Profit / Loss
2018-17 2017-16 2016-15 2015-14 2014-13

Profit / Loss 7,722.80 8,161.70 8,200.50 8,193.10 7,387.40

YOY Change -5.38% -0.47% 0.09% 10.91% 30.75%

Object 11
 All values in Rs. Crore

Comparison with Competitors performance

Total Revenue:-
WIPRO INFOSYS HCL TECH TCS
MAHINDRA
Total Revenue 47,189.60 65,960 22,775 25,391.9 103,159

Object 13

Total Expense
WIPRO INFOSYS HCL TECH TCS
MAHINDRA
Total Expense 37,155.30 46052 13650 20485.4 71228

Object 15

EBITDA
 All values in Rs. Crore
WIPRO INFOSYS HCL TECH TCS
MAHINDRA
EBITDA 10,034.30 19908 9125 4906.5 31931

Object 17

Profit

WIPRO INFOSYS HCL TECH TCS

MAHINDRA
Profit 7,722.80 16155 7362 3999.3 25241

Object 20
 All values in Rs. Crore
Ratio Analysis Wipro current and past years.
LIQUID and SOLVENCY RATIO
Current Ratio

The current ratio of Wipro is 1.37 as on

March 2018 which is lower than 1.84
however still more than 1 i.e they are
able to handle their short term
obligation, however it have
deteriorated compared to last 4 year
average.

However quick ratio will provide a

clearer indication

Object 23

(Base Line)Last 4 year average – 1.84

Quick Ratio

This ratio, also known as the acid test

ratio, measures immediate liquidity -
the number of times cash, accounts
receivable, and marketable securities
cover short-term obligations. A higher
number is preferred because it
suggests a company has a strong
ability to service short-term obligations Object 25

The quick ratio of Wipro is 1.85 which is (Base Line)Last 4 year average – 2.54
more than 1 however lower than last 4
year average of 2.54 i.e. they are in
sound position to handle their short
term obligations.

Also as their Current ratio and quick

ratio both have dropped over the year
after Mar’15, This drop is due to change
in their cash or cash equivalents, same
can also be observed in their balance
sheet

Cash and Bank Balance as in Balance sheet

Debt Equity Ratio

Debt / Shareholder Equity

Debt-to-equity ratio measure of a

company's ability to repay its
obligations

The Debt to equity ratio as on Mar’18 is

0.11 (< 0.4) which is good indication of
Wipro’s health and also having a falling
trend consecutively for last 3 years. It is Object 27
 All values in Rs. Crore
a good indication and also representing
that firm is able to finance its activity
on its own rather than finances from
creditors or outside.

The company’s Debt-Equity ratio rose

from 0.15 to 0.17 in 2014-2015 this is
due to the increase of Unsecured loan
in March 2015

Object 30

INVESTMENT VALUATION

Dividend Per Share

Dividend per share of Wipro is falling

continuously for 4 consecutive years
from Mar’15 to Mar’18.

This could be because of following

factors:-
 Reinvesting profits.
 Debt Reduction.
 Poor Earning Performance. Object 32

Dividend per share

There has been no sudden fall in
Company’s Revenue and Profit.
However we can notice that there has
been continuous increase in investment
of companies from Mar’15 onwards
however in Mar’18 there is a drop in
investments still the dividend per share
have dropped further. There is a fall in
Debt (unsecured loan) of company in
Mar’18, this could have resulted in drop
of Debt ratio also.
Object 34

Investment

Profitability Ratio
Operating Profit Margin (%)

Operating profit Margin for Wipro is

falling continuously over the year, it is
not a good indication, however this
could be caused because of either
market condition or company’s internal
factors

Object 36

Operating Profit Margin

 All values in Rs. Crore
Gross Profit Margin (%)

Gross Profit Margin of WIPRO is more or

less stable with a regular drop each
year; this regular drop could be
because of market competition, as firm
revenue is having

Comparison of Wipro with other

competitor will give a better analysis. Object 38

Gross Profit Margin

Net Profit Margin (%)

Net profit margin of Wipro is falling

continuously from 2014-15 onwards
this is due to the interest cost on
unsecured loan in FY 2014-15 as also
stated earlier

Object 40

Net Profit Margin

Return On Capital Employed (%)

The ROCE for Wipro was having a

falling trend which was not a positive
sign for financial performance of the
organization.

However it is showing a recovery in

2017-2018.
Object 42

Return on Capital Employed

Return On Net Worth (%)

RONW was having a falling trend in last

4 years however it is showing a rising
trend in 2017-18 this rising trend is
indicating the improvement in health of
firm.

Object 44

Return on Net-Worth
Return on Assets

Return on Asset (ROA) reflects how

much the firm has earned on the
investment of all financial resources
committed to the firm it is measured in
percentage.

Higher the value of ROA better is the

performance of Firm.

ROA of Wipro fell suddenly in 2017-18, Object 46

however it was having a rising trend in Return on Assets

last 04 years. This sudden reversal of
trend is due to fall in revenue of the
Firm
 All values in Rs. Crore
DEBT COVERAGE RATIO
Interest Cover Ratio

Interest cover ratio of Wipro fell

drastically in Mar’16 whereas it is rising
consecutively there onwards.

This increasing trend is representing

the improving health of Wipro.

Sudden fall of Interest Cover Ratio in

Mar’16 is because of increased Object 48 Int
Financing expense of firm. This sudden erest Cover Ratio
increase in Finance Cost is because of
increased unsecured loan/ debt of
company in Mar’15 as mentioned
earlier also.

Object 50

Finance Cost

Total Debt to Owners Fund

Total debt to owners fund rose from

0.15 to 0.17 as on Mar’15. This rise was
because of increased interest bearing
debt in form of unsecured loan.

Total debt to owners fund is falling

continuously from Mar’16 every year
and hence representing the improving
health of organization
Object 52

Total Debt to Owners Fund Ratio

Financial Charges Coverage Ratio

Financial charges coverage ratio is

increasing for last 3 year in a row after
a fall in 2014 – 2015.

This increasing trend is representing

the improving credit worthiness of firm

Object 54

Financial Charges Coverage Ratio

MANAGEMENT EFFICIENCY
 All values in Rs. Crore
Inventory Turnover Ratio

High numbers of this ratio is

representing high frequency or
fluctuation in inventories.

Increasing Inventory Turnover ratio is

representing improving organization
efficiency, however this cannot be
analysed alone for Wipro, rather
comparing this ratio for other
organization will give us a clear picture. Object 56

Inventory Turnover Ratio

Debtors Turnover Ratio

High numbers of this ratio is

representing company’s efficiency of
collection of account receivable.

Increasing debtor turnover ratio is

representing improving organization
efficiency, however this cannot be
analysed alone for Wipro, and rather
comparing this ratio for other
organization will give us a clear picture. Object 58

Debtor Turnover Ratio

Investments Turnover Ratio

The investment turnover ratio

compares the revenues produced by a
business to its debt and equity. The
ratio is used to evaluate the ability of a
management team to generate
revenue with a specific amount of
funding.

Rising trend is representing improving

efficiency, however this ratio will give Object 60

more better analysis while compared Investment Turnover Ratio

with other firms of same industry.
Fixed Assets Turnover Ratio

Fixed Asset Turnover Ratio is dropping

continuously from Mar’16 every year;
this fall is due to increasing investment,
every year as mentioned earlier.

However despite the fall in investment

in 2018 Fixed Assets Turnover Ratio fell
further because of fall in Revenue of
the firm.
Object 62

This ratio being dependent on Revenue Fixed Asset Trunover Ratio

of Firm is dependent on the market
conditions and hence will give clearer
picture while compared with other
competitor firms.
 All values in Rs. Crore
Asset Turnover Ratio

The asset turnover ratio measures the

value of a company's sales or revenues
relative to the value of its assets.

Asset turnover ratio of the firm is

reducing every year which is not a good
indication and representing the falling
efficiency of the firm.

Object 64

Asset Turnover Ratio

Number of Days In Working Capital

The Number of Days in working capital

is reducing continuously Mar’15
onwards and hence representing
improving efficiency of Firm,

The sudden increase of this in 2015 is

due to the increase of Current Asset
which reduced continuously every year.

Object 66

Number of Days in Working Capital

Object 68

Current Asset

CASH FLOW INDICATOR

Dividend Payout Ratio Net Profit

The dividend payout ratio provides an

indication of how much money a
company is returning to shareholders
versus how much it is keeping on hand
to reinvest in growth, pay off debt, or
add to cash reserves

The dividend payout ratio of firm have

fallen from 43.49 % in 15-16 to 10.75%
in 16-17 and further to 7.05% in 17-8.
Object 70

Dividend Payout Ratio Net Profit

This is indicating that firm is retaining
its earning for investment and same is
reflecting in their balance sheet.
 All values in Rs. Crore

Earning Retention Ratio

It represents the percentage of earning

which the firm is holding with it to
invest in future.

And is directly related to dividend pay-

out ratio, however represent the
reverse of that.

Object 73

Earning Retention Ratio

 All values in Rs. Crore
Ratio Analysis Wipro VS Competitor

LIQUID and SOLVENCY RATIO

Current Ratio

Wipro’s Current Ratio compared to

other competitor Firm is as represented
in chart is lowest and hence compared
to other firm and also to the base line
of 2.99 Wipro’s capacity to handle their
short term obligation is not better than
other competitor firms.

Object 76

Current Ratio

Quick Ratio

Similar to that of Current Ratio Quick

ratio is also for Wipro is lowest among
the top 5 competitor and even lower
than baseline of 2.54

Object 78

Quick Ratio

INVESTMENT VALUATION

Dividend Per Share

Dividend per share for Wipro is lowest

among the competitors however as
explained above this is because of
diversion of their profit to the
investments, same have been
explained earlier also.

However TCS and Infosys are having

highest dividend per share representing
their better earning performance and
also sharing of that profit among
investors and stakeholders.
Object 80

Dividend per Share

 All values in Rs. Crore

Profitability Ratio

Operating Profit Margin(%)

Considering Operating profit Margin %,

HCL and TCS are top two firms in terms
of better performance, however as can
be seen in above also TCS is topmost
firm sharing its earning with
shareholders.

Object 82

Operating Profit Margin

Gross Profit Margin(%)

Same as in case of Operating profit

margin, HCL and TCS are top
performers in terms of Gross profit
Margin, HCL is having a Gross profit
Margin of 38.26% whereas Wipro is
having only 17.75%.

Object 84

Gross Profit Margin

Net Profit Margin(%)

Net profit margin is indicating the

same, HCL is far ahead with 33.35%
compared to Wipro 17.27 %

Object 86

Net Profit Margin

Return On Capital Employed (%)

Considering ROCE TCS is more efficient

compared to other competitor firms at
42% whereas Wipro is lowest in terms
of ROCE also with 22.17% only.

Object 88 Re
 All values in Rs. Crore
turn on capital Employed
Return On Net Worth (%)

Same as in case of ROCE, TCS is more

effective in utilizing their resources to
earn more revenue and earnings.

Object 90

Return on Net Worth

Return on Assets

TCS is leading firm among WIPRO,

Infosys, HCL and Tech Mahindra having
a ROA of 396.31 compared to only
93.42 for WIPRO.

Object 93

Return on Assets
DEBT COVERAGE RATIO

Interest Cover Ratio

Wipro is having an Interest Cover Ratio
of only 27.11 whereas TCS is leading
with Interest cover Ratio of 1065.37,
this is representing that Wipro is
spending more on interest compared to
other firms in relative terms.

Object 95

Interest Cover Ratio

MANAGEMENT EFFICIENCY

Inventory Turnover Ratio

Wipro is having an Inventory turnover

Ratio of 151.92 only compared to Most
efficient competitor as TCS with
Inventory ratio of 3894.24, whereas
HCL is also having ITR as 551.83, and
hence Wipro is not as efficient as other
industry firms.

Object 97 In
ventory Turnover Ratio
 All values in Rs. Crore
Debtors Turnover Ratio

While comparing to other Firms Wipro is

at par with other Firm, while TCS is
leading with Debtors Turnover Ratio of
5.49.

Object 99

Debtors Turnover Ratio

Investments Turnover Ratio

Wipro is having only151.92 as

Investment Turnover Ratio, whereas
TCS is having an Investment Turnover
Ratio of 3894.24.

This is representing the lag of

management in utilizing available
resource more efficiently as in case of
TCS.
Object 102 In
vestment Turnover Ratio

Fixed Assets Turnover Ratio

Though Fixed Asset Turnover Ratio of

Wipro has been falling for last 4 years ,
while comparing other competitors
Wipro is having better Fixed Asset
Turnover Ratio Infosys, HCL and Tech
Mahindra.

Object 105 Fi
xed Assets Turnover Ratio

Asset Turnover Ratio

Wipro is having an Asset Turnover Ratio

of 0.9 which is among lowest compared
to other competitor firms, whereas TCS
is having highest as 1.26, this is
representing that TCS is utilizing their
Asset in much better way to generate
revenue compared to Wipro and other Object 107 As
competitor firms. set Turnover Ratio
 All values in Rs. Crore
Number of Days In Working Capital

Wipro is having lowest Number of Days

in Working Capital compared to other
competitors, hence is more efficient
than other competitors while utilizing
their current asset/ available working
capital Object 109

Number of Days in Working Capital

CASH FLOW INDICATOR

Dividend Pay-out Ratio (Net Profit)

TCS is paying highest dividend payout

ratio, whereas Wipro is paying lowest
percentage of earning to shareholders.
One possible reason could be because
of their increasing investment.

Object 111

Dividend Pay-out Ratio

Earning Retention Ratio

It is representing the proportion of

earning a firm have retained to invest
in future.

As Wipro have paid lowest dividend in

terms of percentage, hence they are
having highest Earning Retention Ratio,
whereas TCS is having lowest Earning
Retention Ratio. Object 113

Earning Retention Ratio

 All values in Rs. Crore

SWOT ANALYSIS

Strength WEAKNESSES
Low cost structure High day sales inventory.
Strong financial position with consecutive Low current ratio.
profit in last 5 years.
High investment for future expansion
S STRENGTHS WEAKNESS
W Cash Flow problems.
Diversification in workforce.

Opportunities
SWOT Threat

Growing sector. Increase in number of small competitors.

E-Commerce. Constant technological development.
IOT.

O OPPORTUNITIES THREATS T International Regulations

 All values in Rs. Crore
Conclusion

• Company is retaining its earning to invest in future expansion.

• Company’s Revenue has been increasing over last 4 years except during
2017-18, Company should try its best to increase its sales.

• Current ratio is very good; representing company has fully utilized cash
liquidity.

Wipro’s financial position is healthy; The Company is earning profit consecutively

over past 5 years and also investing for future expansion. Long term solvency
ratio of company is good. Inventory turnover ratio is increasing, so management
should take care about efficient stock management.

However compared to TCS and Infosys Revenue of Wipro is very small also other
efficiency ratio is small compared to other competitor, hence management
should focus more on improving efficiency and utilization of assets of the
organization.
 All values in Rs. Crore
Annexure

Balance Sheet

Balance Sheet WIPRO LTD All Values in Rs. Cr

2017-18 2016-17 2015-16 2014-15 2013-14

EQUITIES AND LIABILITY

SHAREHOLDER'S FUNDS

Equity share Capital

904.80 486.10 494.10 493.70 493.20
Total Share Capital
904.80 486.10 494.10 493.70 493.20
41, 46, 40, 34, 28,
Reserves and Surplus
357.80 219.50 731.60 127.90 862.70
4 4 4 3 2
Total Reserves and Surplus
1,357.80 6,219.50 0,731.60 4,127.90 8,862.70
4 4 4 3 2
Total Shareholders’ Funds
2,262.60 6,705.60 1,225.70 4,621.60 9,355.90

NON-CURRENT LIABILITIES
1, 1, 1, 1,
Long Term Borrowings
72.40 146.30 146.50 063.20 006.10
Deferred Tax Liabilities (Net)
46.30 139.10 72.20 56.70 137.90
1,
Other Long Term Liabilities
085.30 952.70 869.50 28.10 62.90
Long Term Provisions
168.80 373.30 399.10 273.60 258.50
Total Non-Current Liabilities
1,372.80 2,611.40 2,487.30 1,421.60 1,465.40

CURRENT LIABILITIES
4, 5, 5, 4, 3,
Short Term Borrowings
647.70 018.60 549.50 970.40 504.20
4, 3, 4, 5, 5,
Trade Payables
176.20 818.60 362.30 728.80 390.50
5, 4, 4, 2, 2,
Other Current Liabilities
418.60 375.80 657.50 551.10 401.30
4, 3,
Short Term Provisions
793.40 626.90 642.60 115.00 619.60
1 1 1 1 1
Total Current Liabilities
5,035.90 3,839.90 5,211.90 7,365.30 4,915.60
5 6 5 5 4
Total Capital and Liabilities
8,671.30 3,156.90 8,924.90 3,408.50 5,736.90

ASSETS
 All values in Rs. Crore
Balance Sheet WIPRO LTD All Values in Rs. Cr
2017-18 2016-17 2015-16 2014-15 2013-14
NON-CURRENT ASSETS
3, 3, 3, 3, 3,
Tangible Assets
802.60 755.50 641.80 570.00 621.50
Intangible Assets
564.40 606.70 425.70 468.40 353.50
1,
Capital Work-In-Progress
290.60 694.10 325.10 361.20 275.10
Fixed Assets
5,657.60 5,056.30 4,392.60 4,399.60 4,250.10
5, 5, 5, 5, 5,
Non-Current Investments
841.60 999.40 781.10 579.70 196.80
Deferred Tax Assets (Net)
452.00 235.20 425.40 165.90 148.70
3, 2,
Long term Loans and Advances
- - 195.80 071.00 998.10
3, 3, 2,
Other Non-Current Assets
752.80 138.90 869.70 336.80 539.00
1 1 1 1 1
Total Non-Current Assets
5,704.00 4,429.80 3,664.60 3,553.00 3,132.70

CURRENT ASSETS
24, 29, 20, 5, 5,
Current Investments
841.20 146.70 419.50 188.80 839.20
Inventories
294.30 355.90 526.20 479.40 228.30
9, 8, 8, 8, 8,
Trade Receivables
502.00 129.90 398.00 144.20 550.90
2, 3, 8, 15, 10,
Cash and Cash Equivalents
322.00 516.60 408.80 667.50 554.90
5, 2,
Short Term Loans and Advances
- 191.70 - 256.10 929.30
6, 7, 7, 5, 4,
Other Current Assets
007.80 386.30 507.80 119.50 501.60
4 4 4 3 3
Total Current Assets
2,967.30 8,727.10 5,260.30 9,855.50 2,604.20
5 6 5 5 4
Total Assets
8,671.30 3,156.90 8,924.90 3,408.50 5,736.90
 All values in Rs. Crore
Profit and Loss Account WIPRO LTD All Values in Rs. Cr
2017-18 2016-17 2015-16 2014-15 2013-14
INCOME
Revenue From Operations 44,710. 45,639. 44,680. 41,210. 38,765.
(Gross) 00 60 80 00 10
Less : Excise/ Service Tax/ Other 7.9
- - - -
Levies 0
Revenue from operations 44,710. 45,639. 44,680. 41,210. 38,757.
(Net) 00 60 80 00 20
408.
Other Operating Revenues - - - -
20
44,710. 46,047. 44,680. 41,210. 38,757.
Total Operating Revenues
00 80 80 00 20
2,479. 2,645. 2,710. 2,499. 1,611.
Other Income
60 90 60 00 20
47,189. 48,693. 47,391. 43,709. 40,368.
Total Revenue
60 70 40 00 40
EXPENSES
0.2 3.4 205.
Cost of Materials Consumed - -
0 0 30
1,469. 2,186. 2,656. 2,456. 2,285.
Purchase of Stock-In Trade
60 90 00 40 80
Changes in Inventories of FG, 57.7 164. (53.1 (254.3 0.9
WIP and Stock In-Trade 0 00 0) 0) 0
21,756. 21,854. 21,267. 19,726. 18,337.
Employee Benefit Expenses
20 40 10 30 50
384. 468. 549. 362. 374.
Finance Costs
30 00 90 90 70
Depreciation and Amortisation 1,014. 1,047. 875. 778. 736.
Expenses 80 70 40 40 70
12,472. 12,285. 11,501. 10,078. 8,819.
Other Expenses
70 60 70 70 30
37,155. 38,006. 36,797. 33,151. 30,760.
Total Expenses
30 60 20 80 20
Profit/Loss Before
10,034. 10,687. 10,594. 10,557. 9,608.
Exceptional, Extra Ordinary
30 10 20 20 20
Items and Tax
10,034. 10,687. 10,594. 10,557. 9,608.
Profit/Loss Before Tax
30 10 20 20 20
Tax Expenses-Continued
Operations
2,434. 2,430. 2,452. 2,376. 2,056.
Current Tax
50 40 30 60 30
(123.0 95.0 (58.6 (12.7 52.4
Deferred Tax
0) 0 0) 0) 0
112.
Tax For Earlier Year
10
2,311. 2,525. 2,393. 2,363. 2,220.
Total Tax Expenses
50 40 70 90 80
Profit/Loss After Tax and 7,722. 8,161. 8,200. 8,193. 7,387.
Before Extra-Ordinary Items 80 70 50 30 40
Profit/Loss from Continuing 7,722. 8,161. 8,200. 8,193. 7,387.
Operations 80 70 50 30 40
7,722. 8,161. 8,200. 8,193. 7,387.
Profit/Loss for the Period
80 70 50 30 40
 All values in Rs. Crore
Balance Sheet 2017-18 All Values in Rs. Cr
Tech
WIPRO INFOSYS HCL TCS
Mahind.
EQUITIES AND LIABILITY
SHAREHOLDER'S FUNDS
904. 1,092. 278. 489. 191.
Equity share Capital
80 00 00 70 00
904 1,092. 278 489 191
Total Share Capital
.80 00 .00 .70 .00
41,357. 62,410. 27,285. 19,051. 75,675.
Reserves and Surplus
80 00 00 40 00
41,357. 62,410. 27,285. 19,051. 75,675.
Total Reserves and Surplus
80 00 00 40 00
42,262. 63,502. 27,563. 19,541. 75,866.
Total Shareholders’ Funds
60 00 00 10 00

NON-CURRENT LIABILITIES
72.4 33.0 145. 39.0
Long Term Borrowings
0 0 00 0
46.3 505. 424.
Deferred Tax Liabilities (Net)
0 00 00
1,085. 208. 58.0 461. 643.
Other Long Term Liabilities
30 00 0 20 00
168. 471. 395. 26.0
Long Term Provisions
80 00 40 0
1,372. 713 562 1,001. 1,132.
Total Non-Current Liabilities
80 .00 .00 60 00

CURRENT LIABILITIES
4,647. 181.
Short Term Borrowings -
70 00
4,176. 738. 544. 2,031. 4,775.
Trade Payables
20 00 00 40 00
5,418. 10,488. 4,020. 3,986. 8,931.
Other Current Liabilities
60 00 00 50 00
793. 436. 129. 238. 171.
Short Term Provisions
40 00 00 20 00
15,035. 11,662. 4,693. 6,256. 14,058.
Total Current Liabilities
90 00 00 10 00
58,671. 75,877. 32,818. 26,798. 91,056.
Total Capital and Liabilities
30 00 00 80 00

ASSETS
NON-CURRENT ASSETS
3,802. 9,027. 3,293. 2,237. 9,430.
Tangible Assets
60 00 00 90 00
 All values in Rs. Crore
Balance Sheet 2017-18 All Values in Rs. Cr
Tech
WIPRO INFOSYS HCL TCS
Mahind.
564. 130. 7,135. 863. 10.0
Intangible Assets
40 00 00 60 0
1,290. 1,442. 298. 235. 1,238.
Capital Work-In-Progress
60 00 00 40 00
128.
Other Assets
90
5,657. 10,599. 10,726. 3,465. 10,678.
Fixed Assets
60 00 00 80 00
5,841. 11,993. 4,068. 6,865. 2,186.
Non-Current Investments
60 00 00 00 00
452. 1,128. 1,506. 275. 3,051.
Deferred Tax Assets (Net)
00 00 00 00 00
19.0 235. 1,503.
Long term Loans and Advances -
0 00 00
3,752. 8,048. 835. 1,852. 5,416.
Other Non-Current Assets
80 00 00 30 00
15,704. 31,787. 17,370. 12,458. 22,834.
Total Non-Current Assets
00 00 00 10 00

CURRENT ASSETS
24,841. 5,906. 2,130. 3,243. 35,073.
Current Investments
20 00 00 10 00
294. 40.0 25.0
Inventories
30 0 0
9,502. 12,151. 5,427. 5,070. 18,882.
Trade Receivables
00 00 00 00 00
2,322. 16,770. 2,325. 1,929. 3,487.
Cash and Cash Equivalents
00 00 00 30 00
393. 3,438. 350. 2,793.
Short Term Loans and Advances -
00 00 90 00
6,007. 8,870. 2,088. 3,747. 7,962.
Other Current Assets
80 00 00 40 00
42,967. 44,090. 15,448. 14,340. 68,222.
Total Current Assets
30 00 00 70 00
58,671. 75,877. 32,818. 26,798. 91,056.
Total Assets
30 00 00 80 00
 All values in Rs. Crore
Profit and Loss Account 2017-18 All Values in Rs. Cr
Tech
WIPRO INFOSYS HCL TCS
Mahind.
INCOME
Revenue From Operations 44,710. 61,941. 22,073. 23,661. 97,356.0
(Gross) 00 00 00 20 0
Revenue from operations 44,710. 61,941. 22,073. 23,661. 97,356.0
(Net) 00 00 00 20 0
44,710. 61,941. 22,073. 23,661. 97,356.0
Total Operating Revenues
00 00 00 20 0
2,479. 4,019. 702. 1,730.
Other Income 5,803.00
60 00 00 70
47,189. 65,960. 22,775. 25,391. 103,159.0
Total Revenue
60 00 00 90 0
EXPENSES

Cost of Materials Consumed - 86.00

6,764. 2,918. 9,012.
Operating and Direct Expenses 1,920.00
00 00 90
1,469. 138.
Purchase of Stock-In Trade
60 00
Changes in Inventories of FG, 57.7 50.0
-
WIP and Stock In-Trade 0 0
21,756. 32,472. 7,365. 8,106.
Employee Benefit Expenses 51,499.00
20 00 00 50
384. 23.0 70.8
Finance Costs 30.00
30 0 0
Depreciation and Amortisation 1,014. 1,408. 893. 656.
1,647.00
Expenses 80 00 00 20
12,472. 5,408. 2,263. 2,639.
Other Expenses 16,046.00
70 00 00 00
37,155. 46,052. 13,650. 20,485. 71,228.0
Total Expenses
30 00 00 40 0
Profit/Loss Before
10,034. 19,908. 9,125. 4,906. 31,931.0
Exceptional, Extra Ordinary
30 00 00 50 0
Items and Tax
10,034. 19,908. 9,125. 4,906. 31,931.0
Profit/Loss Before Tax
30 00 00 50 0
Tax Expenses-Continued
Operations
2,434. 4,003. 1,987. 931.
Current Tax 6,878.00
50 00 00 60
(123.0 (250.0 (224.0 (24.4
Deferred Tax (188.00)
0) 0) 0) 0)
2,311. 3,753. 1,763. 907 6,690.0
Total Tax Expenses
50 00 00 .20 0
Profit/Loss After Tax and 7,722. 16,155. 7,362. 3,999. 25,241.0
Before Extra-Ordinary Items 80 00 00 30 0
Profit/Loss from Continuing 7,722. 16,155. 7,362. 3,999. 25,241.0
Operations 80 00 00 30 0
7,722. 16,155. 7,362. 3,999. 25,241.0
Profit/Loss for the Period
80 00 00 30 0