Workmates Core2cloud Solution Ltd
Founded in 2018, Workmates Core2Cloud Solution Limited, is an AWS Premier Consulting Partner known for scalable and innovative cloud solutions across India.[1]
- Market Cap ₹ 541 Cr.
- Current Price ₹ 419
- High / Low ₹ 514 / 332
- Stock P/E 33.0
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 91.7 %
- ROE 87.1 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 84.6%
Cons
- Company might be capitalizing the interest cost
- Debtor days have increased from 58.4 to 85.9 days.
* 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.
Peer comparison
Information Technology Information Technology IT - Software Computers - Software & Consulting
Part of BSE SME IPO
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 4 | 13 | 29 | 53 | 105 | 132 | |
| 4 | 11 | 26 | 46 | 86 | 109 | |
| Operating Profit | 1 | 2 | 3 | 7 | 18 | 22 |
| OPM % | 14% | 14% | 9% | 14% | 18% | 17% |
| 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 1 | 2 | 3 | 8 | 19 | 22 |
| Tax % | 25% | 26% | 27% | 28% | 25% | |
| 0 | 1 | 2 | 5 | 14 | 16 | |
| EPS in Rs | 410.00 | 1,260.00 | 1,960.00 | 5,390.00 | 14,060.00 | 7,089.32 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 102% |
| TTM: | 97% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 123% |
| TTM: | 161% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 85% |
| Last Year: | 87% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 10 |
| Reserves | 0 | 2 | 4 | 9 | 23 | 22 |
| 0 | 0 | 0 | 0 | 9 | 9 | |
| 1 | 3 | 7 | 13 | 26 | 30 | |
| Total Liabilities | 1 | 5 | 10 | 22 | 58 | 71 |
| 0 | 0 | 0 | 0 | 1 | 11 | |
| CWIP | 0 | 0 | 0 | 0 | 10 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 5 | 10 | 22 | 46 | 60 | |
| Total Assets | 1 | 5 | 10 | 22 | 58 | 71 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 2 | 10 | 3 | |||
| -0 | -4 | -11 | |||
| 0 | 0 | 9 | |||
| Net Cash Flow | 2 | 6 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 51 | 42 | 52 | 37 | 86 |
| Inventory Days | 0 | 0 | |||
| Days Payable | |||||
| Cash Conversion Cycle | 51 | 42 | 52 | 37 | 86 |
| Working Capital Days | 20 | -10 | -8 | -34 | 19 |
| ROCE % | 151% | 98% | 117% | 92% |
Documents
Announcements
-
Outcome Of Board Meeting Of Workmates Core2cloud Solution Limited Held On Tuesday December 09 2025
9 Dec - Board approved standalone & consolidated unaudited results for half-year ended 30 Sep 2025 (limited review).
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Board Meeting Outcome for Outcome Of Board Meeting Of Workmates Core2cloud Solution Limited Held On Tuesday December 09 2025
9 Dec - Board approved unaudited standalone & consolidated results for half-year ended Sep 30, 2025 on Dec 09, 2025.
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Board Meeting Intimation for Board Meeting Intimation For Approval Of The Unaudited Financial Results For The Half Year Ended On 30Th September 2025
4 Dec - Board meeting on Dec 09, 2025 to approve unaudited H1FY26 results (standalone & consolidated) for period ended Sep 30, 2025.
- Listing of Equity Shares of Workmates Core2Cloud Solution Ltd 18 Nov
Business Profile[1]
Workmates Core2Cloud Solution Limited is a cloud and digital transformation company specializing in modernizing, securing, and scaling enterprise IT infrastructure. It is a Premier Tier AWS Consulting Partner. The company operates on a B2B model, providing end-to-end cloud solutions from assessment and migration to modernization, cybersecurity, and managed services.