We Win Ltd

We Win Ltd

₹ 82.8 -2.53%
02 May - close price
About

Incorporated in 2007, We Win Ltd (formerly Surevin BPO Services Limited) is a BPO company

Key Points

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

  • Market Cap 84.2 Cr.
  • Current Price 82.8
  • High / Low 115 / 35.1
  • Stock P/E 35.5
  • Book Value 24.2
  • Dividend Yield 0.00 %
  • ROCE 14.0 %
  • ROE 10.8 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.42 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.36% over last 3 years.
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 109 to 137 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
11.52 11.41 12.26 13.60 14.00 14.96 16.71
10.32 10.55 11.26 11.89 12.66 14.03 15.18
Operating Profit 1.20 0.86 1.00 1.71 1.34 0.93 1.53
OPM % 10.42% 7.54% 8.16% 12.57% 9.57% 6.22% 9.16%
0.07 0.05 0.06 0.14 0.07 0.15 0.35
Interest 0.02 0.08 0.06 0.17 0.19 0.46 0.35
Depreciation 0.20 0.23 0.44 0.47 0.34 0.40 0.68
Profit before tax 1.05 0.60 0.56 1.21 0.88 0.22 0.85
Tax % 25.71% 28.33% 42.86% 27.27% 26.14% 59.09% 12.94%
0.77 0.44 0.32 0.87 0.65 0.10 0.75
EPS in Rs 0.76 0.43 0.31 0.86 0.64 0.10 0.74
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
7.84 5.41 6.04 10.53 15.21 15.21 17.71 45.07 40.03 36.14 41.61 48.79 59.27
6.90 5.61 5.30 8.29 11.53 11.57 14.51 34.67 34.43 33.17 37.42 44.03 53.76
Operating Profit 0.94 -0.20 0.74 2.24 3.68 3.64 3.20 10.40 5.60 2.97 4.19 4.76 5.51
OPM % 11.99% -3.70% 12.25% 21.27% 24.19% 23.93% 18.07% 23.08% 13.99% 8.22% 10.07% 9.76% 9.30%
-0.05 0.01 -0.06 0.03 0.06 -0.24 0.08 0.31 0.28 0.36 0.66 0.32 0.71
Interest 0.08 0.11 0.11 0.15 0.07 0.07 0.62 0.55 0.48 0.49 0.56 0.33 1.17
Depreciation 0.22 0.27 0.34 0.80 0.72 0.68 1.00 2.27 1.69 1.21 1.06 1.34 1.89
Profit before tax 0.59 -0.57 0.23 1.32 2.95 2.65 1.66 7.89 3.71 1.63 3.23 3.41 3.16
Tax % 57.63% 17.54% 60.87% 44.70% 39.66% 29.06% 36.14% 28.77% 41.78% 29.45% 34.98% 29.62%
0.25 -0.48 0.10 0.73 1.77 1.88 1.06 5.62 2.17 1.15 2.10 2.40 2.37
EPS in Rs 8.33 -6.86 1.43 10.43 25.29 2.54 1.04 5.51 2.13 1.13 2.07 2.36 2.34
Dividend Payout % 44.00% 0.00% 0.00% 15.75% 10.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 25%
5 Years: 22%
3 Years: 7%
TTM: 17%
Compounded Profit Growth
10 Years: 22%
5 Years: 15%
3 Years: 3%
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: 18%
3 Years: 66%
1 Year: 107%
Return on Equity
10 Years: 18%
5 Years: 15%
3 Years: 9%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.11 0.23 0.23 0.23 0.23 2.48 3.39 3.39 3.39 3.39 10.16 10.16 10.16
Reserves 0.95 0.47 0.57 1.11 3.00 3.18 6.16 11.76 14.12 15.39 10.87 13.47 14.45
0.88 1.01 1.35 1.51 0.79 1.08 5.98 2.62 3.84 3.40 0.68 8.09 15.84
2.32 1.65 1.50 3.02 4.15 2.99 4.89 8.08 5.29 6.44 5.80 6.55 8.80
Total Liabilities 4.26 3.36 3.65 5.87 8.17 9.73 20.42 25.85 26.64 28.62 27.51 38.27 49.25
0.90 1.36 1.23 1.46 1.55 1.23 4.29 3.38 2.80 2.28 2.06 3.02 3.04
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.14 0.82 3.19 4.56
Investments 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.02 0.02 0.02 0.02 0.00 0.00
3.36 2.00 2.42 4.41 6.62 8.49 16.11 22.45 23.82 26.18 24.61 32.06 41.65
Total Assets 4.26 3.36 3.65 5.87 8.17 9.73 20.42 25.85 26.64 28.62 27.51 38.27 49.25

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.34 0.61 0.55 1.45 0.82 0.85 1.89 3.99 4.40 2.44 0.63 1.48
-0.27 -0.74 -0.21 -1.04 -0.43 -0.81 -4.73 -1.54 -1.27 -0.55 -1.24 -5.18
-0.15 0.13 -0.21 -0.06 -0.34 0.21 6.13 -0.69 -2.13 -0.46 -0.61 1.57
Net Cash Flow -0.07 0.00 0.14 0.35 0.05 0.24 3.29 1.75 1.00 1.43 -1.23 -2.13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 92.18 57.35 55.60 64.13 85.43 105.11 127.37 59.61 72.31 103.12 86.58 137.13
Inventory Days
Days Payable
Cash Conversion Cycle 92.18 57.35 55.60 64.13 85.43 105.11 127.37 59.61 72.31 103.12 86.58 137.13
Working Capital Days 72.16 20.91 52.57 56.50 73.43 85.91 113.77 53.94 85.62 96.86 89.74 136.30
ROCE % 39.16% -23.56% 22.28% 59.60% 88.50% 56.32% 21.91% 50.93% 21.73% 9.74% 17.27% 14.00%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.26% 68.70% 68.70% 69.67% 69.67% 69.67% 69.86% 70.10% 70.80% 70.80% 70.80% 70.80%
0.00% 0.00% 0.12% 0.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
41.24% 40.80% 40.68% 30.21% 30.33% 30.33% 30.13% 29.90% 29.20% 29.20% 29.20% 29.20%
No. of Shareholders 1421421821943097998539271,1542,3023,5293,540

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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