Wework India Management Ltd
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.[1]
- Market Cap ₹ 6,272 Cr.
- Current Price ₹ 468
- High / Low ₹ 664 / 421
- Stock P/E 26.9
- 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 29.7 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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| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
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| 5 Years: | % |
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| Last Year: | % |
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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Average Revenue Per Member (ARPM) INR |
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| Enterprise Member Mix % |
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| Mature Centres Occupancy (>12 Months) % |
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| Number of Operational Centres Number |
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| Occupied Members Number (000s) |
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| Operational Desk Capacity Number (000s) |
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| Operational Leasable Area Million Square Feet |
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| Portfolio Level Occupancy % |
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| Portfolio Locked-in Commitment Tenure Months |
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| Desks Sold Area Million Square Feet |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
11h - CRISIL assigns A+/Stable and A1 to WeWork India's Rs.800 crore bank facilities (Mar 12, 2026)
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Announcement under Regulation 30 (LODR)-Credit Rating
1d - Crisil assigned A+/Stable (long-term) and A1 (short-term) to Wework India bank facilities totaling Rs800 crore (March 11, 2026).
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Capacity Addition
9 Mar - Lease for 1,41,392 sq ft in Chennai; ~2,605 desks; ₹35 Crore investment by July 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9 Mar - WeWork India launches Rivet design-and-build platform; Arnav S Gusain named Rivet CEO; cites projects ~₹50 crore, 1 lakh sq.ft.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Product Launch
6 Mar - Launching 'Rivet' Design & Build vertical on March 9, 2026, domestic market.
Concalls
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Feb 2026Transcript PPT REC
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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.