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 ₹ 385 Cr.
- Current Price ₹ 298
- High / Low ₹ 514 / 264
- Stock P/E 24.2
- Book Value ₹ 68.3
- Dividend Yield 0.67 %
- ROCE 36.7 %
- ROE 28.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 45.2%
Cons
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 13 | 29 | 53 | 108 | 144 | |
| 11 | 26 | 46 | 89 | 122 | |
| Operating Profit | 2 | 3 | 7 | 18 | 22 |
| OPM % | 14% | 9% | 14% | 17% | 15% |
| 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 2 | 3 | 7 | 19 | 21 |
| Tax % | 25% | 27% | 28% | 26% | 26% |
| 1 | 2 | 5 | 14 | 16 | |
| EPS in Rs | 1,250.00 | 1,860.00 | 5,350.00 | 13,930.00 | 12.32 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 71% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 105% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 45% |
| Last Year: | 29% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 13 |
| Reserves | 2 | 4 | 9 | 23 | 75 |
| 0 | 0 | 0 | 9 | 0 | |
| 3 | 8 | 16 | 30 | 19 | |
| Total Liabilities | 5 | 11 | 25 | 62 | 108 |
| 0 | 0 | 0 | 1 | 11 | |
| CWIP | 0 | 0 | 0 | 10 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 5 | 11 | 24 | 51 | 97 | |
| Total Assets | 5 | 11 | 25 | 62 | 108 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 2 | 2 | 10 | 5 | -0 | |
| -0 | -0 | -4 | -15 | -1 | |
| 0 | 0 | 0 | 9 | 38 | |
| Net Cash Flow | 2 | 2 | 6 | -1 | 37 |
| Free Cash Flow | 2 | 2 | 9 | -6 | -1 |
| CFO/OP | 153% | 166% | 165% | 55% | 25% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 42 | 52 | 37 | 84 | 74 |
| Inventory Days | 0 | ||||
| Days Payable | |||||
| Cash Conversion Cycle | 42 | 52 | 37 | 84 | 74 |
| Working Capital Days | -10 | -8 | -34 | 11 | 59 |
| ROCE % | 94% | 119% | 92% | 37% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Aug 2025 | |
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| Total Employees Number |
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| Employee Attrition Rate % |
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| Top 10 Customers Revenue Contribution % |
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| AWS Competencies Held Number |
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| Cumulative Client Base Number |
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| Cumulative Projects Delivered Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Date of payment of Dividend
24h - Interim dividend of ₹2 per share to be paid on 3 June 2026; record date 22 May 2026.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - Company states Annual Secretarial Compliance Report is not applicable for FY2025-26.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
25 May - Workmates released H2 and FY26 earnings call transcript, citing FY26 revenue of INR 143 crore and PAT of INR 15.92 crore.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
20 May - Audio link uploaded for May 20, 2026 earnings call discussing H1 and FY2026 performance.
- Announcement under Regulation 30 (LODR)-Investor Presentation 20 May
Concalls
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May 2026Transcript PPT
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.