Wework India Management Ltd
₹ 451
-0.89%
02 Apr
- close price
About
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.[1]
Key Points
- Market Cap ₹ 6,121 Cr.
- Current Price ₹ 451
- High / Low ₹ 664 / 420
- Stock P/E 26.2
- Book Value ₹ 15.7
- Dividend Yield 0.00 %
- ROCE 137 %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 20.6% CAGR over last 5 years
Cons
- Stock is trading at 28.6 times its book value
- Company has low interest coverage ratio.
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 57 | 302 | 691 | 640 | 784 | 1,314 | 1,662 | 1,942 | |
| 117 | 421 | 763 | 825 | 378 | 516 | 614 | 705 | |
| Operating Profit | -61 | -119 | -72 | -185 | 406 | 798 | 1,048 | 1,237 |
| OPM % | -107% | -39% | -10% | -29% | 52% | 61% | 63% | 64% |
| 2 | 2 | 18 | -8 | 52 | 108 | 72 | 29 | |
| Interest | 2 | 9 | 46 | 122 | 390 | 414 | 508 | 598 |
| Depreciation | 15 | 112 | 218 | 334 | 712 | 636 | 743 | 823 |
| Profit before tax | -76 | -238 | -317 | -648 | -643 | -145 | -131 | -155 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -184% |
| -76 | -238 | -317 | -648 | -643 | -145 | -131 | 130 | |
| EPS in Rs | -377.01 | -1,181.59 | -1,579.15 | -3,224.68 | -117.32 | -26.37 | -23.86 | 9.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 35% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 32% |
| TTM: | 235% |
| Stock Price CAGR | |
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| 5 Years: | % |
| 3 Years: | % |
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| Return on Equity | |
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| Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 55 | 55 | 197 | 134 | 134 |
| Reserves | -84 | -321 | -605 | -1,239 | -210 | -346 | -628 | 75 | 77 |
| 350 | 1,023 | 1,550 | 2,250 | 292 | 481 | 625 | 310 | 4,794 | |
| 154 | 486 | 742 | 628 | 3,835 | 4,219 | 4,291 | 4,876 | 967 | |
| Total Liabilities | 423 | 1,190 | 1,689 | 1,642 | 3,972 | 4,410 | 4,485 | 5,395 | 5,971 |
| 268 | 759 | 1,079 | 823 | 3,314 | 3,569 | 3,594 | 4,309 | 4,736 | |
| CWIP | 37 | 35 | 7 | 0 | 1 | 13 | 15 | 34 | 42 |
| Investments | 1 | 1 | 105 | 86 | 0 | 62 | 189 | 61 | 62 |
| 117 | 394 | 497 | 733 | 657 | 767 | 687 | 991 | 1,131 | |
| Total Assets | 423 | 1,190 | 1,689 | 1,642 | 3,972 | 4,410 | 4,485 | 5,395 | 5,971 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -165 | 416 | 942 | 1,165 | 1,293 | ||||
| -295 | -6 | -387 | -417 | -309 | ||||
| 532 | -602 | -534 | -777 | -984 | ||||
| Net Cash Flow | 72 | -192 | 21 | -29 | -0 | |||
| Free Cash Flow | -372 | 416 | 709 | 921 | 919 | |||
| CFO/OP | 94% | 103% | 122% | 108% | 105% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 27 | 11 | 8 | 25 | 30 | 19 | 17 | 15 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 27 | 11 | 8 | 25 | 30 | 19 | 17 | 15 |
| Working Capital Days | -536 | -296 | -239 | -138 | -226 | -215 | -207 | -186 |
| ROCE % | -47% | -33% | -51% | -44% | 164% | 196% | 137% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Average Revenue Per Member (ARPM) INR |
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| Enterprise Member Mix % |
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| Mature Centres Occupancy (>12 Months) % |
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| Number of Operational Centres Number |
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| Occupied Members Number (000s) |
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| Operational Desk Capacity Number (000s) |
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| Operational Leasable Area Million Square Feet |
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| Portfolio Level Occupancy % |
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| Portfolio Locked-in Commitment Tenure Months |
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| Desks Sold Area Million Square Feet |
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Requires Premium
Requires Premium
Documents
Announcements
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2d - CGST OIO for Apr 2019–Mar 2023: demand ₹1,37,07,208+₹6,03,32,708+₹6,03,32,708; equal penalties; company to appeal.
- Closure of Trading Window 25 Mar
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Mar - Signs 10-year lease at Embassy Vertex; invests ₹31 crore to add ~81,000 sq.ft., opening Q1 FY27.
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Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.
24 Mar - Embassy Buildcon pledged 27,703,489 shares for ₹577.5 crore debentures on 26-Feb and 10-Mar-2026.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Capacity Addition
24 Mar - Entered lease for 81,166 sq ft; add ~1,256 desks; ₹31 Crore investment by May 2026.
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025TranscriptPPT
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Nov 2025Transcript PPT REC
Business Profile[1][2]
WeWork India Management, majority owned and promoted by Embassy Group, is India’s leading premium flexible workspace operator. As of June 2025, it operated 68 centres with an aggregate leasable area of 7.67 million sq. ft. and 1,14,077 desks across eight Tier‑1 cities. The company is the exclusive licensee of the WeWork brand in India, enabling access to a globally recognized name in flexible workspaces.