Wipro - Standalone Balance Sheet

In million Rs.
2021 2020 2019 2018 2017
ASSETS
Non-current assets
Property, plant and equipment 56758.00 50473.00 38742.00 38026.00 37555.00
Right-of-Use Assets 9029.00 8160.00 0.00
Capital work-in-progress 18480.00 18735.00 21127.00 12906.00 6941.00
Goodwill 4571.00 4571.00 3882.00 3882.00 3882.00
Other intangible assets 2523.00 3190.00 1386.00 1762.00 2185.00
Financial assets
Investments 82067.00 77350.00 82503.00 58416.00 59994.00
Derivative assets 16.00 0.00 173.00 41.00 106.00
Trade receivables 3079.00 4462.00 4373.00 4446.00 3998.00
Other financial assets 4469.00 4416.00 3843.00 3078.00 3545.00
Deferred tax assets (net) 21474.00 4333.00 3910.00 4520.00 2352.00
Non-current tax assets (net) 13829.00 11103.00 20549.00 18349.00 12008.00
Other non-current assets 8273.00 9138.00 12189.00 11614.00 11732.00
Total non-current assets 203568.00 195931.00 192677.00 157040.00 144298.00
Current assets
Inventories 910.00 1741.00 3403.00 2943.00 3559.00
Financial assets
Investments 174952.00 189635.00 21988.00 248412.00 291467.00
Trade receivables 80462.00 92570.00 90463.00 95020.00 81299.00
Cash and cash equivalents 97832.00 104440.00 103902.00 23220.00 35166.00
Derivative assets 4049.00 2964.00 4920.00 1232.00 9747.00
Unbilled revenues 15823.00 17964.00 16023.00 30256.00 32845.00
Loans to subsidiaries 42015.00 9472.00 0.00 0.00 1917.00
Other financial assets 5187.00 6807.00 5813.00 5218.00 6151.00
Current tax assets (net) 973.00 839.00 3307.00 4799.00 7701.00
Contract Assets 10809.00 12432.00 10845.00
Other current assets 20783.00 18269.00 18640.00
18122.00 17419.00
429222.00 487271.00
Assets held for sale 0.00 0.00 0.00 451.00 0.00
Total current assets 453795.00 457133.00 477304.00 429673.00 487271.00
Total Assets 657363.00 653064.00 669981.00 586713.00 631569.00
EQUITY
Equity Share capital 10958.00 11427.00 12068.00 9048.00 4861.00
Other Equity 441458.00 453110.00 481852.00 413578.00 462195.00
TOTAL EQUITY 452416.00 464537.00 493920.00 422626.00 467056.00
LIABILITIES
Non-current liabilities
Financial liabilities
Borrowings 141.00 251.00 220.00 724.00 11463.00
Derivative liabilities 0.00 20138.00 0.00 0.00 2.00
Other financial liabilities 130.00 146.00 0.00 0.00 77.00
Lease Liabilities 7073.00 5997.00 0.00
Provisions 885.00 2133.00 1196.00 1688.00 3733.00
Deferred tax liabilities (net) 1305.00 0.00 104.00 463.00 1391.00
Non-current tax liabilities (net) 9110.00 11654.00 9978.00 8557.00 9099.00
Other non-current liabilities 4979.00 3770.00 3117.00 2296.00 349.00
Total non-current liabilities 23623.00 24089.00 14615.00 13728.00 26114.00
Current liabilities
Financial liabilities
Borrowings 57912.00 50019.00 50522.00 46477.00 50186.00
Trade payables 43485.00 45426.00 47655.00 41762.00 38186.00
Derivative liabilities 1021.00 7231.00 1270.00 2198.00 2708.00
Lease Liabilities 4021.00 3124.00 0.00
Other financial liabilities 22148.00 18657.00 24990.00 25343.00 17628.00
Contract Liabilities 18063.00 14272.00 14862.00
Unearned revenues 0.00 0.00 0.00 12709.00 11506.00
Provisions 12874.00 11302.00 9290.00 7934.00 6269.00
Current tax liabilities (net) 14835.00 9758.00 7185.00 8961.00 6792.00
Other current liabilities 6965.00 4649.00 5672.00 4975.00 5124.00
Total current liabilities 181324.00 164438.00 161446.00 150359.00 138399.00
TOTAL LIABILITIES 204947.00 188527.00 176061.00 164087.00 164513.00
TOTAL EQUITY AND LIABILITIES 657363.00 653064.00 669981.00 586713.00 631569.00
 Wipro - Standalone Balance Sheet
% Change
% Change % Change
from
2021 from 2020 from 2019 previous
previous year previous year
year
ASSETS
Non-current assets
Property, plant and equipment 5675.8 12.452% 5047.3 30.280% 3874.2 1.883%
Right-of-Use Assets 902.9 10.650% 816 0.000% 0 0.000%
Capital work-in-progress 1848 -1.361% 1873.5 -11.322% 2112.7 63.699%
Goodwill 457.1 0.000% 457.1 17.749% 388.2 0.000%
Other intangible assets 252.3 -20.909% 319 130.159% 138.6 -21.339%
Financial assets
Investments 8206.7 6.098% 7735 -6.246% 8250.3 41.234%
Derivative assets 1.6 0.000% 0 -100.000% 17.3 321.951%
Trade receivables 307.9 -30.995% 446.2 2.035% 437.3 -1.642%
Other financial assets 446.9 1.200% 441.6 14.910% 384.3 24.854%
Deferred tax assets (net) 2147.4 395.592% 433.3 10.818% 391 -13.496%
Non-current tax assets (net) 1382.9 24.552% 1110.3 -45.968% 2054.9 11.990%
Other non-current assets 827.3 -9.466% 913.8 -25.031% 1218.9 4.951%
Total non-current assets 20356.8 3.898% 19593.1 1.689% 19267.7 22.693%
Current assets
Inventories 91 -47.731% 174.1 -48.839% 340.3 15.630%
Financial assets
Investments 17495.2 -7.743% 18963.5 762.448% 2198.8 -91.149%
Trade receivables 8046.2 -13.080% 9257 2.329% 9046.3 -4.796%
Cash and cash equivalents 9783.2 -6.327% 10444 0.518% 10390.2 347.468%
Derivative assets 404.9 36.606% 296.4 -39.756% 492 299.351%
Unbilled revenues 1582.3 -11.918% 1796.4 12.114% 1602.3 -47.042%
Loans to subsidiaries 4201.5 343.571% 947.2 0.000% 0 0.000%
Other financial assets 518.7 -23.799% 680.7 17.100% 581.3 11.403%
Current tax assets (net) 97.3 15.971% 83.9 -74.630% 330.7 -31.090%
Contract Assets 1080.9 -13.055% 1243.2 14.633% 1084.5 0.000%
Other current assets 2078.3 13.761% 1826.9 -1.990% 1864 2.858%
0 -100.000%
Assets held for sale 0 0.000% 0 0.000% 0 -100.000%
Total current assets 45379.5 -0.730% 45713.3 -4.226% 47730.4 11.085%
Total Assets 65736.3 0.658% 65306.4 -2.525% 66998.1 14.192%
EQUITY
Equity Share capital 1095.8 -4.104% 1142.7 -5.312% 1206.8 33.378%
Other Equity 44145.8 -2.572% 45311 -5.965% 48185.2 16.508%
TOTAL EQUITY 45241.6 -2.609% 46453.7 -5.949% 49392 16.869%
LIABILITIES
Non-current liabilities
Financial liabilities
Borrowings 14.1 -43.825% 25.1 14.091% 22 -69.613%
Derivative liabilities 0 -100.000% 2013.8 0.000% 0 0.000%
Other financial liabilities 13 -10.959% 14.6 0.000% 0 0.000%
Lease Liabilities 707.3 17.942% 599.7 0.000% 0 0.000%
Provisions 88.5 -58.509% 213.3 78.344% 119.6 -29.147%
Deferred tax liabilities (net) 130.5 0.000% 0 -100.000% 10.4 -77.538%
Non-current tax liabilities (net) 911 -21.829% 1165.4 16.797% 997.8 16.606%
Other non-current liabilities 497.9 32.069% 377 20.950% 311.7 35.758%
Total non-current liabilities 2362.3 -1.934% 2408.9 64.824% 1461.5 6.461%
Current liabilities
Financial liabilities
Borrowings 5791.2 15.780% 5001.9 -0.996% 5052.2 8.703%
Trade payables 4348.5 -4.273% 4542.6 -4.677% 4765.5 14.111%
Derivative liabilities 102.1 -85.880% 723.1 469.370% 127 -42.220%
Lease Liabilities 402.1 28.713% 312.4 0.000% 0 0.000%
Other financial liabilities 2214.8 18.711% 1865.7 -25.342% 2499 -1.393%
Contract Liabilities 1806.3 26.563% 1427.2 -3.970% 1486.2 0.000%
Unearned revenues 0 0.000% 0 0.000% 0 -100.000%
Provisions 1287.4 13.909% 1130.2 21.658% 929 17.091%
Current tax liabilities (net) 1483.5 52.029% 975.8 35.811% 718.5 -19.819%
Other current liabilities 696.5 49.817% 464.9 -18.036% 567.2 14.010%
Total current liabilities 18132.4 10.269% 16443.8 1.853% 16144.6 7.374%
TOTAL LIABILITIES 20494.7 8.710% 18852.7 7.081% 17606.1 7.297%
TOTAL EQUITY AND LIABILITIES 65736.3 0.658% 65306.4 -2.525% 66998.1 14.192%
Sheet
% Change
from
2018 previous 2017 Base Year
year

3802.6 1.254% 3755.5 100%

0 0.000% 0 100%
1290.6 85.939% 694.1 100%
388.2 0.000% 388.2 100%
176.2 -19.359% 218.5 100%

5841.6 -2.630% 5999.4 100%

4.1 -61.321% 10.6 100%
444.6 11.206% 399.8 100%
307.8 -13.173% 354.5 100%
452 92.177% 235.2 100%
1834.9 52.806% 1200.8 100%
1161.4 -1.006% 1173.2 100%
15704 8.830% 14429.8 100%

294.3 -17.308% 355.9 100%

24841.2 -14.772% 29146.7 100%

9502 16.877% 8129.9 100%
2322 -33.970% 3516.6 100%
123.2 -87.360% 974.7 100%
3025.6 -7.882% 3284.5 100%
0 -100.000% 191.7 100%
521.8 -15.168% 615.1 100%
479.9 -37.683% 770.1 100%
0 0.000% 0 100%
1812.2 4.036% 1741.9 100%
42922.2 -11.913% 48727.1 100%
45.1 0.000% 0 100%
42967.3 -11.821% 48727.1 100%
58671.3 -7.102% 63156.9 100%

904.8 86.135% 486.1 100%

41357.8 -10.519% 46219.5 100%
42262.6 -9.513% 46705.6 100%
 72.4 -93.684% 1146.3 100%
0 -100.000% 0.2 100%
0 -100.000% 7.7 100%
0 0.000% 0 100%
168.8 -54.782% 373.3 100%
46.3 -66.715% 139.1 100%
855.7 -5.957% 909.9 100%
229.6 557.880% 34.9 100%
1372.8 -47.430% 2611.4 100%

4647.7 -7.391% 5018.6 100%

4176.2 9.365% 3818.6 100%
219.8 -18.833% 270.8 100%
0 0.000% 0 100%
2534.3 43.766% 1762.8 100%
0 0.000% 0 100%
1270.9 10.455% 1150.6 100%
793.4 26.559% 626.9 100%
896.1 31.935% 679.2 100%
497.5 -2.908% 512.4 100%
15035.9 8.642% 13839.9 100%
16408.7 -0.259% 16451.3 100%
58671.3 -7.102% 63156.9 100%
Statement of Profit and Loss
In million Rs.
2021 2020 2019
INCOME
Revenue from operations 502994.00 503877.00 480298.00
Other operating income 0.00 193.00 940.00
Other income 23829.00 24766.00 25686.00
Total Income 526823.00 528836.00 506924.00
EXPENSES
Purchases of stock-in-trade 5879.00 7983.00 11420.00

Changes in inventories of finished goods and 345.00 1599.00 553.00

stock-in-trade

Employee benefits expense 264673.00 261718.00 238085.00

Finance costs 4026.00 5352.00 5249.00

Depreciation, amortisation and impairment

13493.00 11411.00 9343.00
expense

Sub-contracting / technical fees / third party

80352.00 87918.00 89225.00
application

Travel 4358.00 15373.00 15005.00

Facility expenses 14318.00 13925.00 14598.00
Communication 4189.00 3784.00 3698.00

Legal and professional charges 3537.00 2784.00 2525.00

Marketing and brand building 839.00 2227.00 2304.00

Other expenses 3966.00 4685.00 17320.00

Total expenses 399975.00 418759.00 408219.00
Profit before tax 126848.00 110077.00 98705.00
Tax expense
Current tax 22430.00 22067.00 22725.00
Deferred tax 3809.00 1203.00 160.00
Total tax expense 26239.00 23270.00 76140.00
Profit for the year 100609.00 86807.00
Other comprehensive income (OCI)

Items that will not be reclassified to profit or

loss:

Remeasurements of the defined benefit plans,

562.00 869.00 169.00
net
Net change in fair value of investment in equity 8.00 91.00 1473.00
instruments measured at fair value through OCI

Income tax relating to items that will not be

113.00 193.00 34.00
reclassified to profit or loss

Items that will be reclassified to profit or loss:

Net change in time value of option contracts

designated as cash flow hedges 66.00 649.00 579.00

Net change in intrinsic value of option contracts

1193.00 1941.00 1014.00
designated as cash flow hedges

Net change in fair value of forward contracts

designated as cash flow hedges 3799.00 3309.00 1567.00

Net change in fair value of investment in debt 2079.00 1015.00 8.00

instruments measured at fair value through OCI

Income tax relating to items that will be

1241.00 1367.00 636.00
reclassified to profit or loss

Total other comprehensive income / (loss) for

the year, net of taxes 6337.00 4284.00 1246.00

Total comprehensive income for the year 106946.00 82523.00 77386.00

Earnings per equity share: (Equity shares of par

value ` 2 each)
Basic 17.81 14.88 12.67
Diluted 17.77 14.84 12.64

Weighted average number of equity shares

used in computing earnings per equity share

Basic 5649265885 5833384018 6007376837

Diluted 5661657822 5847823239 6022304367
million Rs.
2018 2017

447100.00 456396.00
0.00 4082.00
24796.00 26459.00
471896.00 486937.00

14696.00 21869.00

577.00 1640.00

217562.00 218544.00

3843.00 4680.00

10148.00 10477.00

78623.00 74614.00

14607.00 17536.00
13397.00 12509.00
4136.00 3463.00

3078.00 3211.00

2596.00 2737.00

8290.00 8786.00
371553.00 380066.00
100343.00 106871.00

24345.00 24304.00
1230.00 950.00
23115.00 25254.00
77228.00 81617.00

746.00 191.00
 1760.00 183.00

160.00 28.00

2.00 9.00

95.00 77.00

7368.00 4872.00

663.00 1787.00

1678.00 1571.00

7300.00 5154.00

69928.00 86771.00

16.26 16.80
16.23 16.75

4750043400 4857081010
4758361975 4871347138
 Statement of Profit and Loss
% Change % Change
from from
previous previous
year year
2021 2020
INCOME
Revenue from operations 50299.4 -0.175% 50387.7 4.909%
Other operating income 0 -100.000% 19.3 -79.468%
Other income 2382.9 -3.783% 2476.6 -3.582%
Total Income 52682.3 -0.381% 52883.6 4.323%
EXPENSES
Purchases of stock-in-trade 587.9 -26.356% 798.3 -30.096%
Changes in inventories of finished goods and
stock-in-trade 34.5 -78.424% 159.9 189.150%

Employee benefits expense 26467.3 1.129% 26171.8 9.926%

Finance costs 402.6 -24.776% 535.2 1.962%
Depreciation, amortisation and impairment
1349.3 18.246% 1141.1 22.134%
expense
Sub-contracting / technical fees / third party
application 8035.2 -8.606% 8791.8 -1.465%

Travel 435.8 -71.652% 1537.3 2.453%

Facility expenses 1431.8 2.822% 1392.5 -4.610%
Communication 418.9 10.703% 378.4 2.326%
Legal and professional charges 353.7 27.047% 278.4 10.257%
Marketing and brand building 83.9 -62.326% 222.7 -3.342%
Other expenses 396.6 -15.347% 468.5 -72.950%
Total expenses 39997.5 -4.486% 41875.9 2.582%
Profit before tax 12684.8 15.236% 11007.7 11.521%
Tax expense
Current tax 2243 1.645% 2206.7 -2.895%
Deferred tax 380.9 216.625% 120.3 651.875%
Total tax expense 2623.9 12.759% 2327 -69.438%
Profit for the year 10060.9 15.900% 8680.7 0.000%
Other comprehensive income (OCI)
Items that will not be reclassified to profit or
loss:
Remeasurements of the defined benefit plans,
56.2 -35.328% 86.9 414.201%
net

Net change in fair value of investment in equity

0.8 -91.209% 9.1 -93.822%
instruments measured at fair value through OCI
Income tax relating to items that will not be
11.3 -41.451% 19.3 467.647%
reclassified to profit or loss

Items that will be reclassified to profit or loss:

Net change in time value of option contracts

6.6 -89.831% 64.9 12.090%
designated as cash flow hedges
Net change in intrinsic value of option contracts
119.3 -38.537% 194.1 91.420%
designated as cash flow hedges
Net change in fair value of forward contracts 379.9 14.808% 330.9 111.168%
designated as cash flow hedges

Net change in fair value of investment in debt

207.9 104.828% 101.5 12587.500%
instruments measured at fair value through OCI

Income tax relating to items that will be

124.1 -9.217% 136.7 114.937%
reclassified to profit or loss
Total other comprehensive income / (loss) for
633.7 47.923% 428.4 243.820%
the year, net of taxes
Total comprehensive income for the year 10694.6 29.595% 8252.3 6.638%
Earnings per equity share: (Equity shares of par
value ` 2 each)
Basic 17.81 19.691% 14.88 17.443%
Diluted 17.77 19.744% 14.84 17.405%

Weighted average number of equity shares used

in computing earnings per equity share

Basic 5649265885 -3.156% 5833384018 -2.896%

Diluted 5661657822 -3.183% 5847823239 -2.897%
rofit and Loss
% Change % Change
from from
Base Year
previous previous
year year
2019 2018 2017

48029.8 7.425% 44710 -2.037% 45639.6 100%

94 0.000% 0 -100.000% 408.2 100%
2568.6 3.589% 2479.6 -6.285% 2645.9 100%
50692.4 7.423% 47189.6 -3.089% 48693.7 100%

1142 -22.292% 1469.6 -32.800% 2186.9 100%

55.3 -4.159% 57.7 -64.817% 164 100%

23808.5 9.433% 21756.2 -0.449% 21854.4 100%

524.9 36.586% 384.3 -17.885% 468 100%

934.3 -7.933% 1014.8 -3.140% 1047.7 100%

8922.5 13.485% 7862.3 5.373% 7461.4 100%

1500.5 2.725% 1460.7 -16.703% 1753.6 100%

1459.8 8.965% 1339.7 7.099% 1250.9 100%
369.8 -10.590% 413.6 19.434% 346.3 100%
252.5 -17.966% 307.8 -4.142% 321.1 100%
230.4 -11.248% 259.6 -5.152% 273.7 100%
1732 108.926% 829 -5.645% 878.6 100%
40821.9 9.868% 37155.3 -2.240% 38006.6 100%
9870.5 -1.632% 10034.3 -6.108% 10687.1 100%

2272.5 -6.654% 2434.5 0.169% 2430.4 100%

16 -86.992% 123 29.474% 95 100%
7614 229.396% 2311.5 -8.470% 2525.4 100%
0 -100.000% 7722.8 -5.378% 8161.7 100%

16.9 -77.346% 74.6 290.576% 19.1 100%

147.3 -16.307% 176 861.749% 18.3 100%

 3.4 -78.750% 16 471.429% 2.8 100%

57.9 28850.000% 0.2 -77.778% 0.9 100%

101.4 967.368% 9.5 23.377% 7.7 100%

156.7 -78.732% 736.8 51.232% 487.2 100%

0.8 -98.793% 66.3 -62.899% 178.7 100%

63.6 -62.098% 167.8 6.811% 157.1 100%

124.6 -82.932% 730 41.638% 515.4 100%

7738.6 10.665% 6992.8 -19.411% 8677.1 100%

12.67 -22.079% 16.26 -3.214% 16.8 100%

12.64 -22.120% 16.23 -3.104% 16.75 100%

6007376837 26.470% 4750043400 -2.204% 4857081010 100%

6022304367 26.563% 4758361975 -2.319% 4871347138 100%
 Statement of Cash Flows
Cash flows from operating activities:
Profit for the year
Adjustments to reconcile profit for the year to net cash generated from operating activities:
(Gain)/loss on sale of property, plant and equipment, net
Depreciation, amortisation and impairment expense
Unrealised exchange (gain)/loss, net and exchange (gain)/ loss on borrowings
Share-based compensation expense
Income tax expense
Finance and other income, net of finance expenses
Gain from sale of business
Reversal of provision for diminution in the value of non-current investments
Changes in operating assets and liabilities, net of effects from acquisitions
Trade receivables
Unbilled receivables and contract assets
Inventories
Other assets
Unearned Revenue
Trade payables, other liabilities and provisions
Contract liabilities
Cash generated from operating activities before taxes
Income taxes (paid)/refund, net
Net cash generated from operating activities
Cash flows from investing activities:
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Proceeds from sale of Eco Energy
Purchase of investments
Proceeds from sale of investments
Investment in subsidiaries
Proceeds from liquidation/ reduction in capital of subsidiaries
Payment for business acquisitions, including deposits and escrow, net of cash acquired
Proceeds from redemption of preference shares in subsidiaries
Loans to subsidiaries
Proceeds from sale of business
Interest received
Dividend received
Income tax paid on sale of EcoEnergy division
Net cash generated from/(used in) investing activities
Cash flows from financing activities:
Proceeds from issuance of equity shares and shares pending allotment
Repayment of borrowings
Proceeds from borrowings
Payment for buyback of equity shares, including transaction cost
Payment of tax on buyback of equity shares
Repayment of lease liabilities
Interest paid
Payment of cash dividend
Payment of tax on cash dividend
Net cash used in financing activities
Net increase/ (decrease) in cash and cash equivalents during the year
Effect of exchange rate changes on cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
h Flows
In million Rs.
2021 2020 2019 2018 2017
100609.00 86807.00 76140.00 77228.00 81617.00

-344.00 10.00 -182.00 -159.00 181.00

13493.00 11411.00 9343.00 10148.00 10477.00
-2311.00 6602.00 -278.00 -1274.00 228.00
2310.00 1262.00 1846.00 1258.00 1687.00
26239.00 23270.00 22565.00 23115.00 25254.00
-17208.00 -20460.00 -17059.00 -15986.00 -17259.00
0.00 -193.00 -940.00 0.00 -4082.00
-2875.00 0.00 7356.00 -267.00 403.00

13491.00 -2058.00 4769.00 -16361.00 -5.00

3764.00 -3295.00 3773.00 2589.00 4236.00
831.00 1163.00 -459.00 616.00 1703.00
2276.00 -503.00 130.00 2971.00 1973.00
0.00 0.00 0.00 1203.00 -2711.00
5970.00 -7341.00 16877.00 1923.00 -6422.00
3791.00 -590.00 2009.00 0.00 0.00
150036.00 96585.00 125890.00 90866.00 97280.00
-22759.00 -5904.00 -23789.00 -26157.00 -23573.00
127277.00 90681.00 102101.00 64709.00 73707.00

-16164.00 -18326.00 -18688.00 -16237.00 -16867.00

666.00 490.00 1023.00 816.00 813.00
0.00 0.00 0.00 0.00 4372.00
-1168308.00 -1176999.00 -924397.00 -779032.00 -812704.00
1186059.00 1209778.00 953979.00 829764.00 730078.00
-1546.00 0.00 -36226.00 -4559.00 -995.00
0.00 0.00 0.00 4790.00 0.00
0.00 -3230.00 0.00 0.00 0.00
0.00 5055.00 0.00 0.00 0.00
-32630.00 -9472.00 0.00 0.00 0.00
0.00 923.00 646.00 0.00 0.00
19128.00 22707.00 19604.00 13872.00 16955.00
45.00 1101.00 353.00 609.00 311.00
0.00 0.00 0.00 0.00 -871.00
-12750.00 32027.00 -3706.00 50023.00 -78908.00

6.00 5.00 4.00 24.00 0.00

-93990.00 -106833.00 -60681.00 -93360.00 -91627.00
101865.00 -102509.00 56537.00 81180.00 82619.00
-95199.00 -105311.00 0.00 -110312.00 -25000.00
 -21445.00 0.00 0.00 0.00 0.00
-4599.00 -3255.00 0.00 0.00 0.00
-2257.00 -2558.00 -4357.00 0.00 0.00
-5478.00 -5713.00 -5454.00 -5444.00 -8776.00
0.00 -1174.00 0.00 0.00 0.00
-121057.00 -122330.00 -13951.00 -129184.00 -43676.00
-6530.00 378.00 84444.00 -14452.00 -48877.00
-78.00 163.00 30.00 52.00 -932.00
104440.00 103899.00 19222.00 622.00 83431.00
97832.00 104440.00 103899.00 19222.00 33622.00
 Statement of C

Cash flows from operating activities:

Profit for the year

Adjustments to reconcile profit for the year to net cash generated from operating activities:
(Gain)/loss on sale of property, plant and equipment, net
Depreciation, amortisation and impairment expense
Unrealised exchange (gain)/loss, net and exchange (gain)/ loss on borrowings
Share-based compensation expense
Income tax expense
Finance and other income, net of finance expenses
Gain from sale of business
Reversal of provision for diminution in the value of non-current investments
Changes in operating assets and liabilities, net of effects from acquisitions
Trade receivables
Unbilled receivables and contract assets
Inventories
Other assets
Unearned Revenue
Trade payables, other liabilities and provisions
Contract liabilities
Cash generated from operating activities before taxes
Income taxes (paid)/refund, net
Net cash generated from operating activities
Cash flows from investing activities:
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Proceeds from sale of Eco Energy
Purchase of investments
Proceeds from sale of investments
Investment in subsidiaries
Proceeds from liquidation/ reduction in capital of subsidiaries
Payment for business acquisitions, including deposits and escrow, net of cash acquired
Proceeds from redemption of preference shares in subsidiaries
Loans to subsidiaries
Proceeds from sale of business
Interest received
Dividend received
Income tax paid on sale of EcoEnergy division
Net cash generated from/(used in) investing activities
Cash flows from financing activities:
Proceeds from issuance of equity shares and shares pending allotment
Repayment of borrowings
Proceeds from borrowings
Payment for buyback of equity shares, including transaction cost
Payment of tax on buyback of equity shares
Repayment of lease liabilities
Interest paid
Payment of cash dividend
Payment of tax on cash dividend
Net cash used in financing activities
Net increase/ (decrease) in cash and cash equivalents during the year
Effect of exchange rate changes on cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Statement of Cash Flows
In million Rs.
% Change % Change % Change
2021 from 2020 from 2019 from 2018
previous previous previous
year year year
100609.00 15.900% 86807.00 14.010% 76140.00 -1.409% 77228.00

-344.00 -3540.000% 10.00 -105.495% -182.00 14.465% -159.00

13493.00 18.246% 11411.00 22.134% 9343.00 -7.933% 10148.00
-2311.00 -135.005% 6602.00 -2474.820% -278.00 -78.179% -1274.00
2310.00 83.043% 1262.00 -31.636% 1846.00 46.741% 1258.00
26239.00 12.759% 23270.00 3.124% 22565.00 -2.379% 23115.00
-17208.00 -15.894% -20460.00 19.937% -17059.00 6.712% -15986.00
0.00 -100.000% -193.00 -79.468% -940.00 0.000% 0.00
-2875.00 0.000% 0.00 -100.000% 7356.00 -2855.056% -267.00

13491.00 -755.539% -2058.00 -143.154% 4769.00 -129.149% -16361.00

3764.00 -214.234% -3295.00 -187.331% 3773.00 45.732% 2589.00
831.00 -28.547% 1163.00 -353.377% -459.00 -174.513% 616.00
2276.00 -552.485% -503.00 -486.923% 130.00 -95.624% 2971.00
0.00 0.000% 0.00 0.000% 0.00 -100.000% 1203.00
5970.00 -181.324% -7341.00 -143.497% 16877.00 777.639% 1923.00
3791.00 -742.542% -590.00 -129.368% 2009.00 #DIV/0! 0.00
150036.00 55.341% 96585.00 -23.278% 125890.00 38.545% 90866.00
-22759.00 285.484% -5904.00 -75.182% -23789.00 -9.053% -26157.00
127277.00 40.357% 90681.00 -11.185% 102101.00 57.785% 64709.00

-16164.00 -11.797% -18326.00 -1.937% -18688.00 15.095% -16237.00

666.00 35.918% 490.00 -52.102% 1023.00 25.368% 816.00
0.00 0.000% 0.00 0.000% 0.00 0.000% 0.00
-1168308.00 -0.738% -1176999.00 27.326% -924397.00 18.660% -779032.00
1186059.00 -1.961% 1209778.00 26.814% 953979.00 14.970% 829764.00
-1546.00 0.000% 0.00 -100.000% -36226.00 694.604% -4559.00
0.00 0.000% 0.00 0.000% 0.00 -100.000% 4790.00
0.00 -100.000% -3230.00 0.000% 0.00 0.000% 0.00
0.00 -100.000% 5055.00 0.000% 0.00 0.000% 0.00
-32630.00 244.489% -9472.00 0.000% 0.00 0.000% 0.00
0.00 -100.000% 923.00 42.879% 646.00 0.000% 0.00
19128.00 -15.762% 22707.00 15.828% 19604.00 41.321% 13872.00
45.00 -95.913% 1101.00 211.898% 353.00 -42.036% 609.00
0.00 0.000% 0.00 0.000% 0.00 0.000% 0.00
-12750.00 -139.810% 32027.00 -964.193% -3706.00 -107.409% 50023.00

6.00 20.000% 5.00 25.000% 4.00 -83.333% 24.00

 -93990.00 -12.022% -106833.00 76.057% -60681.00 -35.003% -93360.00
101865.00 -199.372% -102509.00 -281.313% 56537.00 -30.356% 81180.00
-95199.00 -9.602% -105311.00 0.000% 0.00 -100.000% -110312.00
-21445.00 0.000% 0.00 0.000% 0.00 0.000% 0.00
-4599.00 41.290% -3255.00 0.000% 0.00 0.000% 0.00
-2257.00 -11.767% -2558.00 -41.290% -4357.00 0.000% 0.00
-5478.00 -4.113% -5713.00 4.749% -5454.00 0.184% -5444.00
0.00 -100.000% -1174.00 0.000% 0.00 0.000% 0.00
-121057.00 -1.041% -122330.00 776.855% -13951.00 -89.201% -129184.00
-6530.00 -1827.513% 378.00 -99.552% 84444.00 -684.307% -14452.00
-78.00 -147.853% 163.00 443.333% 30.00 -42.308% 52.00
104440.00 0.521% 103899.00 440.521% 19222.00 2990.354% 622.00
97832.00 -6.327% 104440.00 0.521% 103899.00 440.521% 19222.00
% Change from 2017 Base Year
previous year

-5.378% 81617.00 100.000%

-187.845% 181.00 100.000%

-3.140% 10477.00 100.000%
-658.772% 228.00 100.000%
-25.430% 1687.00 100.000%
-8.470% 25254.00 100.000%
-7.376% -17259.00 100.000%
-100.000% -4082.00 100.000%
-166.253% 403.00 100.000%

327120.000% -5.00 100.000%

-38.881% 4236.00 100.000%
-63.829% 1703.00 100.000%
50.583% 1973.00 100.000%
-144.375% -2711.00 100.000%
-129.944% -6422.00 100.000%
0.000% 0.00 100.000%
-6.593% 97280.00 100.000%
10.962% -23573.00 100.000%
-12.208% 73707.00 100.000%

-3.735% -16867.00 100.000%

0.369% 813.00 100.000%
-100.000% 4372.00 100.000%
-4.143% -812704.00 100.000%
13.654% 730078.00 100.000%
358.191% -995.00 100.000%
0.000% 0.00 100.000%
0.000% 0.00 100.000%
0.000% 0.00 100.000%
0.000% 0.00 100.000%
0.000% 0.00 100.000%
-18.183% 16955.00 100.000%
95.820% 311.00 100.000%
-100.000% -871.00 100.000%
-163.394% -78908.00 100.000%

0.000% 0.00 100.000%

 1.891% -91627.00 100.000%
-1.742% 82619.00 100.000%
341.248% -25000.00 100.000%
0.000% 0.00 100.000%
0.000% 0.00 100.000%
0.000% 0.00 100.000%
-37.967% -8776.00 100.000%
0.000% 0.00 100.000%
195.778% -43676.00 100.000%
-70.432% -48877.00 100.000%
-105.579% -932.00 100.000%
-99.254% 83431.00 100.000%
-42.829% 33622.00 100.000%
Profitability Ratios Wipro 2021

Total Revenue 526823.00 Gross Profit Margin

Less : COGS 6224.00
Gross Profit 520599
Less: Operating Expenses 389725.00 Operating Profit Marg
Operating Profit (EBIT) 130874
Less: Interest 4026.00
Profit Before Tax 126848 Net Profit Margin
Less: Tax 26239.00
Net Profit: Profit After Tax 100609
Return on Equity
Share Capital 10958
Reserves and Surplus 441458
Net Worth
Total Assets 657363.00
Fixed Asset 203568
Earnings Per Share

Return on Investment

Return on Fixed Asset

Profitability Ratios Wipro 2020

Total Revenue 528836 Gross Profit Margin

Less : COGS 9582
Gross Profit 519254
Less: Operating Expenses 403825 Operating Profit Marg
Operating Profit (EBIT) 115429
Less: Interest 5352
Profit Before Tax 110077 Net Profit Margin
Less: Tax 23270
Net Profit: Profit After Tax 86807
Return on Equity
Share Capital 11420
Reserves and Surplus 453110
Net Worth
Total Assets 653064.00
Fixed Asset 195931.00
 Earnings Per Share

Return on Investment

Return on Fixed Asset

Profitability Ratios Wipro 2019

Total Revenue 506924.00 Gross Profit Margin

Less : COGS 15273.00
Gross Profit 491651
Less: Operating Expenses 387697.00 Operating Profit Marg
Operating Profit (EBIT) 103954
Less: Interest 5249.00
Profit Before Tax 98705 Net Profit Margin
Less: Tax 76140.00
Net Profit: Profit After Tax 22565
Return on Equity
Share Capital 12068
Reserves and Surplus 481852
Net Worth
Total Assets 669981.00
Fixed Asset 192677.00
Earnings Per Share

Return on Investment

Return on Fixed Asset

Profitability Ratios Wipro 2018

Total Revenue 471896.00 Gross Profit Margin

Less : COGS 15273.00
Gross Profit 456623
Less: Operating Expenses 352437.00 Operating Profit Marg
Operating Profit (EBIT) 104186
Less: Interest 3843.00
Profit Before Tax 100343 Net Profit Margin
Less: Tax 23115.00
Net Profit: Profit After Tax 77228
Return on Equity
Share Capital 9048
Reserves and Surplus 413578
Net Worth
Total Assets 586713.00
Fixed Asset 157040.00
Earnings Per Share

Return on Investment

Return on Fixed Asset

Profitability Ratios Wipro 2017

Total Revenue 486937.00 Gross Profit Margin

Less : COGS 23509.00
Gross Profit 463428
Less: Operating Expenses 351877.00 Operating Profit Marg
Operating Profit (EBIT) 111551
Less: Interest 4680.00
Profit Before Tax 106871 Net Profit Margin
Less: Tax 25254.00
Net Profit: Profit After Tax 81617
Return on Equity
Share Capital 4861
Reserves and Surplus 462195
Net Worth
Total Assets 631569.00
Fixed Asset 144298.00
Earnings Per Share

Return on Investment

Return on Fixed Asset

Gross Profit 520599 0.98818579
Total Revenue 526823

Operating Profit 130874 0.2484212

Total Revenue 526823

Net Profit 100609 0.19097306

Total Revenue 526823

Net Profit 100609 0.22238161

Net worth 452416

Share Capital 10958 452416

Reserves and Surplus 441458

Net Profit 100609000000 17.81

Number of shares 5,649,265,885

EBIT 130874 0.19908939

Total Assets 657363

EBIT 130874 0.64290065

Fixed Assets 203568

Gross Profit 519254 0.98188096

Total Revenue 528836

Operating Profit 115429 0.21826994

Total Revenue 528836

Net Profit 86807 0.1641473

Total Revenue 528836

Net Profit 86807 0.1868706

Net worth 464530

Share Capital 11420 464530

Reserves and Surplus 453110
Net Profit 86807000000 14.88
Number of shares 5,833,803,763

EBIT 115429 0.17674991

Total Assets 653064

EBIT 115429 0.58913087

Fixed Assets 195931

Gross Profit 491651 0.96987122

Total Revenue 506924

Operating Profit 103954 0.20506822

Total Revenue 506924

Net Profit 22565 0.04451358

Total Revenue 506924

Net Profit 22565 0.04568554

Net worth 493920

Share Capital 12068 493920

Reserves and Surplus 481852

Net Profit 22565000000 12.67

Number of shares 1,780,978,690

EBIT 103954 0.15515962

Total Assets 669981

EBIT 103954 0.5395247

Fixed Assets 192677

Gross Profit 456623 0.96763482

Total Revenue 471896

Operating Profit 104186 0.2207817

Total Revenue 471896
Net Profit 77228 0.1636547
Total Revenue 471896

Net Profit 77228 0.18273367

Net worth 422626

Share Capital 9048 422626

Reserves and Surplus 413578

Net Profit 77228000000 16.26

Number of shares 4,749,569,496

EBIT 104186 0.17757575

Total Assets 586713

EBIT 104186 0.66343607

Fixed Assets 157040

Gross Profit 463428 0.95172065

Total Revenue 486937

Operating Profit 111551 0.22908713

Total Revenue 486937

Net Profit 81617 0.16761306

Total Revenue 486937

Net Profit 81617 0.17474778

Net worth 467056

Share Capital 4861 467056

Reserves and Surplus 462195

Net Profit 81617000000 33.61

Number of shares 2,428,354,656

EBIT 111551 0.1766252

Total Assets 631569

EBIT 111551 0.77305992

Fixed Assets 144298
Profitability Ratios
Formulae Year 21 Year 20
Gross Profit Margin Gross Profit/Total Revenue 0.988 0.98
Operating Profit Margin Operating Profit/Total Revenue 0.25 0.21
Net Profit Margin Net Profit/Total Revenue 0.19 0.16
Return on Equity Net Profit/Net worth 0.22 0.18
Net Worth Share Capital/Reserves and Surplus 452416 464530
Earnings Per Share Net Profit/Number of shares 17.81 14.88
Return on Investment EBIT/Total Assets 0.19 0.17
Return on Fixed Assets EBIT/Fixed Assets 0.64 0.58
Year 19 Year 18 Year 17
0.96 0.96 0.95
0.2 0.22 0.22
0.04 0.16 0.16
0.04 0.18 0.17
493920 422626 467056
12.67 16.26 33.61
0.15 0.17 0.17
0.53 0.66 0.77
 Liquidity Ratio
Formulae
Gross Working Capital Current Assets
Net Working Capital Current Assets-Current Liabilities
Current Ratio Current Assets/Current Liabilities
Quick Ratio (Current Assets -Inventories)/Current Liabilities
Cash and Cash Equivalents to Current
Cash and Cash Equivalents/ Current Liabilities
Liabilities Ratio
 Year 21 Year 20 Year 19 Year 18 Year 17
453795.00 457133.00 477304.00 429673.00 487271.00
272471.00 292695.00 315858.00 279314.00 348872.00
2.5026748 2.7799718 2.956431253 2.857647364 3.520769659
2.4976561 2.7693842 2.935352997 2.838074209 3.495054155

0.5395425 0.635133 0.643552643 0.127840701 0.242935281

 Solvency Ratios

Debt Equity Ratio

Leverage R Equity Multiplier
Total Debt to Equity

Net Worth
Coverage R Interest Coverage Ratio

Cash Flow from Operating Activities to Total Liabilities

 Formulae Year 21 Year 20 Year 19 Year 18 Year 17
Long Term Debt/Equity 0.052215 0.051856 0.02959 0.032483 0.055912
Total Assets/Equity 1.453006 1.405839 1.356457 1.388256 1.352234
(Short Term Debt+Long Term Debt)/Equity 0.453006 0.405839 0.356457 0.388256 0.352234

Share Capital+Reserves and Surplus 452416 464530 493920 422626 467056

EBIT/Interest 32.5072 21.56745 19.80453 27.11059 23.83568

Cash Flow from Operating Activities/Total Liabilities 0.477353 0.553979 0.590131 0.117145 0.204373