WIPRO

FINANCIAL RATIO ANALYSIS

INTRODUCTION

Wipro Limited (Western India Palm Refined Oils Limited or more

recently, Western India Products Limited is an Indian out-sourcing
services corporation headquartered in Bangalore, India.

In 2013, Wipro demerged its non-IT businesses into a separate companies

to bring in more focus on independent businesses. As of Dec 2015, Wipro's
market capitalization was $45 Billion, making it one of India's largest publicly
traded companies and seventh largest IT Corporation in the World. The
company was incorporated on 29 December 1945, in Mumbai by Mohamed
Premji as 'Western India Palm Refined Oil Limited', later abbreviated to
'Wipro'. It was initially set up as a manufacturer of vegetable and refined oils
in Mumbai, Maharashtra, India under the trade names of Kisan, Sunflower
and Camel. The company logo still contains a sunflower to reflect products
of the original business.

In 1966, after Mohamed Premjis death, his son Azim Premji returned home
from Stanford University and took over Wipro as its chairman at the age of
21.

During the 1970s and 1980s, the company shifted its focus to new business
opportunities in the IT and computing industry, which was at a nascent stage
in India at the time. On 7 June 1977, the name of the company changed
from Western India Vegetable Products Limited, to Wipro Products Limited.

RATIO ANALYSIS

Net Profit Ratio

Formula:

year

Mar '15

Mar '14

Mar '13

GP Ratio

year

Mar '15

Mar '14

Mar '13

Net Profit Ratio

Formula:

year
Net Profit
Ratio

Mar '15

Mar '14

Mar '13

Mar '12

Mar '11

19.88

19.06

17.00

14.78

18.41

Operating ratio

year
Operating
ratio

Mar '15

Mar '14

Mar '13

Mar '12

Mar '11

22.32

23.50

20.86

19.07

21.90

Debt Equity ratio

year
Debt Equity
ratio

Mar '15

Mar '14

Mar '13

Mar '12

Mar '11

0.17

0.15

0.17

0.22

0.22

Current ratio

year
Current
ratio

Mar '15

Mar '14

Mar '13

Mar '12

Mar '11

2.16

1.98

1.55

1.94

1.72

Fixed Asset T.O ratio

Fixed asset turnover ratio = COGS/Total Fixed Assets

year
Fixed Asset
T.O ratio

Mar '15

Mar '14

Mar '13

4.59

4.46

4.17

Mar '12 Mar '11

3.81

3.46

Debtors Turnover Ratio

year
Debtors
Turnover
Ratio

Mar '15

Mar '14

Mar '13

Mar '12

Mar '11

4.94

4.55

4.04

4.61

4.87