Wework India Management Ltd
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.[1]
- Market Cap ₹ 7,581 Cr.
- Current Price ₹ 566
- High / Low ₹ 664 / 555
- Stock P/E 32.5
- 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 36.3 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.
Peer comparison
Services Services Commercial Services & Supplies Diversified Commercial Services
Part of BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 691 | 640 | 784 | 1,314 | 1,662 | 1,942 | |
| 763 | 825 | 378 | 516 | 614 | 705 | |
| Operating Profit | -72 | -185 | 406 | 798 | 1,048 | 1,237 |
| OPM % | -10% | -29% | 52% | 61% | 63% | 64% |
| 18 | -8 | 52 | 108 | 72 | 29 | |
| Interest | 46 | 122 | 390 | 414 | 508 | 598 |
| Depreciation | 218 | 334 | 712 | 636 | 743 | 823 |
| Profit before tax | -317 | -648 | -643 | -145 | -131 | -155 |
| Tax % | 0% | 0% | 0% | 0% | 0% | -184% |
| -317 | -648 | -643 | -145 | -131 | 130 | |
| EPS in Rs | -1,579.15 | -3,224.68 | -117.32 | -26.37 | -23.86 | 9.74 |
| Dividend Payout % | 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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| Return on Equity | |
|---|---|
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Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 55 | 55 | 197 | 134 | 134 |
| Reserves | -605 | -1,239 | -210 | -346 | -628 | 75 | 77 |
| 1,550 | 2,250 | 292 | 481 | 625 | 310 | 4,794 | |
| 742 | 628 | 3,835 | 4,219 | 4,291 | 4,876 | 967 | |
| Total Liabilities | 1,689 | 1,642 | 3,972 | 4,410 | 4,485 | 5,395 | 5,971 |
| 1,079 | 823 | 3,314 | 3,569 | 3,594 | 4,309 | 4,736 | |
| CWIP | 7 | 0 | 1 | 13 | 15 | 34 | 42 |
| Investments | 105 | 86 | 0 | 62 | 189 | 61 | 62 |
| 497 | 733 | 657 | 767 | 687 | 991 | 1,131 | |
| Total Assets | 1,689 | 1,642 | 3,972 | 4,410 | 4,485 | 5,395 | 5,971 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 8 | 25 | 30 | 19 | 17 | 15 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 8 | 25 | 30 | 19 | 17 | 15 |
| Working Capital Days | -239 | -138 | -226 | -215 | -207 | -186 |
| ROCE % | -51% | -44% | 164% | 196% | 137% |
Documents
Announcements
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Capacity Addition
6h - Hyderabad lease 2,50,348 sq ft; ~3,300 desks; ₹100 crore investment by June 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Audio recording of Q3 FY26 earnings call uploaded to company website on Jan 28, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Publication of Extract of Unaudited Financial Results
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Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Investor Presentation on highlights of Financial Results for the quarter ended December 31, 2025
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Shareholders'' Letter - Q3 FY26
2d - Q3 FY26: Revenue ₹640.3 Cr, EBITDA ₹134.6 Cr, PAT ₹52 Cr, occupancy 83.9%, 20k desks added.
Concalls
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Jan 2026TranscriptAI SummaryPPT
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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.