We Win Ltd
Incorporated in 2007, We Win Ltd (formerly Surevin BPO Services Limited) is a BPO company
- Market Cap ₹ 45.9 Cr.
- Current Price ₹ 45.1
- High / Low ₹ 83.3 / 37.6
- Stock P/E 14.4
- Book Value ₹ 30.1
- Dividend Yield 0.00 %
- ROCE 10.7 %
- ROE 6.04 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company's working capital requirements have reduced from 46.8 days to 29.0 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.73% over last 3 years.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.04 | 10.53 | 15.21 | 15.21 | 17.71 | 45.07 | 40.03 | 36.14 | 41.61 | 48.79 | 65.04 | 78.49 | 80.66 | |
| 5.30 | 8.29 | 11.53 | 11.57 | 14.51 | 34.67 | 34.43 | 33.17 | 37.42 | 44.03 | 59.40 | 72.09 | 74.75 | |
| Operating Profit | 0.74 | 2.24 | 3.68 | 3.64 | 3.20 | 10.40 | 5.60 | 2.97 | 4.19 | 4.76 | 5.64 | 6.40 | 5.91 |
| OPM % | 12.25% | 21.27% | 24.19% | 23.93% | 18.07% | 23.08% | 13.99% | 8.22% | 10.07% | 9.76% | 8.67% | 8.15% | 7.33% |
| -0.06 | 0.03 | 0.06 | -0.24 | 0.08 | 0.31 | 0.28 | 0.36 | 0.66 | 0.32 | 0.75 | 0.92 | 1.00 | |
| Interest | 0.11 | 0.15 | 0.07 | 0.07 | 0.62 | 0.55 | 0.48 | 0.49 | 0.56 | 0.33 | 1.24 | 1.41 | 0.79 |
| Depreciation | 0.34 | 0.80 | 0.72 | 0.68 | 1.00 | 2.27 | 1.69 | 1.21 | 1.06 | 1.34 | 1.95 | 3.06 | 2.91 |
| Profit before tax | 0.23 | 1.32 | 2.95 | 2.65 | 1.66 | 7.89 | 3.71 | 1.63 | 3.23 | 3.41 | 3.20 | 2.85 | 3.21 |
| Tax % | 60.87% | 44.70% | 39.66% | 29.06% | 36.14% | 28.77% | 41.78% | 29.45% | 34.98% | 29.62% | 22.81% | 42.11% | |
| 0.10 | 0.73 | 1.77 | 1.88 | 1.06 | 5.62 | 2.17 | 1.15 | 2.10 | 2.40 | 2.47 | 1.65 | 3.18 | |
| EPS in Rs | 1.43 | 10.43 | 25.29 | 2.54 | 1.04 | 5.51 | 2.13 | 1.13 | 2.07 | 2.36 | 2.43 | 1.62 | 3.12 |
| Dividend Payout % | 0.00% | 15.75% | 10.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 14% |
| 3 Years: | 24% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | -6% |
| 3 Years: | -8% |
| TTM: | 25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | -1% |
| 1 Year: | -42% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 9% |
| 3 Years: | 9% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.23 | 0.23 | 0.23 | 2.48 | 3.39 | 3.39 | 3.39 | 3.39 | 10.16 | 10.16 | 10.16 | 10.16 | 10.16 |
| Reserves | 0.57 | 1.11 | 3.00 | 3.18 | 6.16 | 11.76 | 14.12 | 15.39 | 10.87 | 13.47 | 16.23 | 18.11 | 20.42 |
| 1.35 | 1.51 | 0.79 | 1.08 | 5.98 | 2.62 | 3.84 | 3.40 | 0.68 | 8.09 | 12.38 | 12.40 | 9.21 | |
| 1.50 | 3.02 | 4.15 | 2.99 | 4.89 | 8.08 | 5.29 | 6.44 | 5.80 | 6.55 | 12.57 | 11.20 | 11.69 | |
| Total Liabilities | 3.65 | 5.87 | 8.17 | 9.73 | 20.42 | 25.85 | 26.64 | 28.62 | 27.51 | 38.27 | 51.34 | 51.87 | 51.48 |
| 1.23 | 1.46 | 1.55 | 1.23 | 4.29 | 3.38 | 2.80 | 2.28 | 2.06 | 3.02 | 4.16 | 11.44 | 11.18 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 | 0.82 | 3.19 | 7.60 | 0.81 | 0.89 |
| Investments | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2.42 | 4.41 | 6.62 | 8.49 | 16.11 | 22.45 | 23.82 | 26.18 | 24.61 | 32.06 | 39.58 | 39.62 | 39.41 | |
| Total Assets | 3.65 | 5.87 | 8.17 | 9.73 | 20.42 | 25.85 | 26.64 | 28.62 | 27.51 | 38.27 | 51.34 | 51.87 | 51.48 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.55 | 1.45 | 0.82 | 0.85 | 1.89 | 3.99 | 4.40 | 2.44 | 0.63 | 1.48 | 14.32 | 2.68 | |
| -0.21 | -1.04 | -0.43 | -0.81 | -4.73 | -1.54 | -1.27 | -0.55 | -1.24 | -5.18 | -9.51 | -5.64 | |
| -0.21 | -0.06 | -0.34 | 0.21 | 6.13 | -0.69 | -2.13 | -0.46 | -0.61 | 1.57 | 2.02 | -3.60 | |
| Net Cash Flow | 0.14 | 0.35 | 0.05 | 0.24 | 3.29 | 1.75 | 1.00 | 1.43 | -1.23 | -2.13 | 6.84 | -6.56 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 55.60 | 64.13 | 85.43 | 105.11 | 127.37 | 59.61 | 72.31 | 103.12 | 86.58 | 137.13 | 88.44 | 85.94 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 55.60 | 64.13 | 85.43 | 105.11 | 127.37 | 59.61 | 72.31 | 103.12 | 86.58 | 137.13 | 88.44 | 85.94 |
| Working Capital Days | 18.73 | 32.58 | 62.87 | 75.35 | 62.24 | 50.78 | 63.37 | 73.53 | 89.21 | 93.74 | 17.73 | 28.97 |
| ROCE % | 22.28% | 59.60% | 88.50% | 56.32% | 21.91% | 50.93% | 21.73% | 9.74% | 17.27% | 14.00% | 12.60% | 10.73% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jan - Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31-12-2025
-
Compliance-57 (5) : intimation after the end of quarter
5 Jan - Confirms no non-convertible securities issued and no unpaid NCD interest/principal for quarter ended 31 Dec 2025.
-
Compliance-57 (4) : Prior intimation to the beginning of the quarter
27 Dec - No non-convertible securities obligations payable this quarter under SEBI Reg 57(4).
- Closure of Trading Window 22 Dec
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
22 Dec - Postal ballot (20 Nov–19 Dec 2025): approvals for material related-party transactions and ESOP 2025.
Business Overview:[1]
Company does business of Customer Relationship Management (CRM) Services including call centers and support center services. Company is world’s biggest Non Emergency integrated grievance provider. It provides Next Generation Citizen Experience,
Contact Centre & Digital Transformation services in 8 major states of India by delivering B2B third party customer service in 20 languages to 100+ different businesses in India