Wework India Management Ltd
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.[1]
- Market Cap ₹ 9,583 Cr.
- Current Price ₹ 691
- High / Low ₹ 767 / 420
- Stock P/E 111
- Book Value ₹ 22.6
- Dividend Yield 0.00 %
- ROCE 20.6 %
- ROE 29.7 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 31.0 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.11%
- Tax rate seems low
- Promoters have pledged 35.0% of their holding.
* 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 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 57 | 302 | 691 | 640 | 784 | 1,314 | 1,662 | 1,942 | 2,432 | 2,578 | |
| 117 | 421 | 763 | 825 | 378 | 516 | 614 | 705 | 859 | 903 | |
| Operating Profit | -61 | -119 | -72 | -185 | 406 | 798 | 1,048 | 1,237 | 1,572 | 1,675 |
| OPM % | -107% | -39% | -10% | -29% | 52% | 61% | 63% | 64% | 65% | 65% |
| 2 | 2 | 18 | -8 | 52 | 108 | 72 | 29 | 45 | 52 | |
| Interest | 2 | 9 | 46 | 122 | 390 | 414 | 508 | 598 | 601 | 641 |
| Depreciation | 15 | 112 | 218 | 334 | 712 | 636 | 743 | 823 | 966 | 1,026 |
| Profit before tax | -76 | -238 | -317 | -648 | -643 | -145 | -131 | -155 | 50 | 60 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -184% | -44% | |
| -76 | -238 | -317 | -648 | -643 | -145 | -131 | 130 | 72 | 82 | |
| EPS in Rs | -377.01 | -1,181.59 | -1,579.15 | -3,224.68 | -117.32 | -26.37 | -23.86 | 9.74 | 5.33 | 6.09 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 23% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 36% |
| TTM: | -54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 30% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 55 | 55 | 197 | 134 | 135 |
| Reserves | -84 | -321 | -605 | -1,239 | -210 | -346 | -628 | 75 | 170 |
| 350 | 1,023 | 1,550 | 2,250 | 292 | 481 | 625 | 310 | 5,550 | |
| 154 | 486 | 742 | 628 | 3,835 | 4,219 | 4,291 | 4,876 | 1,240 | |
| Total Liabilities | 423 | 1,190 | 1,689 | 1,642 | 3,972 | 4,410 | 4,485 | 5,395 | 7,095 |
| 268 | 759 | 1,079 | 823 | 3,314 | 3,569 | 3,594 | 4,309 | 5,774 | |
| CWIP | 37 | 35 | 7 | 0 | 1 | 13 | 15 | 34 | 38 |
| Investments | 1 | 1 | 105 | 86 | 0 | 62 | 189 | 61 | 283 |
| 117 | 394 | 497 | 733 | 657 | 767 | 687 | 991 | 999 | |
| Total Assets | 423 | 1,190 | 1,689 | 1,642 | 3,972 | 4,410 | 4,485 | 5,395 | 7,095 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| -165 | 416 | 942 | 1,165 | 1,293 | 1,731 | ||||
| -295 | -6 | -387 | -417 | -309 | -642 | ||||
| 532 | -602 | -534 | -777 | -984 | -1,048 | ||||
| Net Cash Flow | 72 | -192 | 21 | -29 | -0 | 41 | |||
| Free Cash Flow | -372 | 416 | 709 | 921 | 919 | 1,134 | |||
| CFO/OP | 94% | 103% | 122% | 108% | 105% | 111% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 27 | 11 | 8 | 25 | 30 | 19 | 17 | 15 | 12 |
| Inventory Days | |||||||||
| Days Payable | |||||||||
| Cash Conversion Cycle | 27 | 11 | 8 | 25 | 30 | 19 | 17 | 15 | 12 |
| Working Capital Days | -536 | -296 | -239 | -138 | -226 | -215 | -207 | -186 | -190 |
| ROCE % | -47% | -33% | -51% | -44% | 164% | 196% | 137% | 21% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Net Promoter Score (NPS) Score |
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| Number of Members Members |
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| Number of Operational Centers Number |
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| Operational Desk Capacity Desks |
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| Operational Leasable Area MSF |
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| Portfolio Occupancy % |
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| Renewal Rate % |
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| Sales Velocity (Desks Sold) Desks |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 14h
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Jul - Newspaper Publication of Unaudited Financial Results for Q1 FY27
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 Jul - Q1 FY27 earnings call audio and video recordings uploaded on company website.
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Announcement under Regulation 30 (LODR)-Restructuring
16 Jul - Board approved Q1 FY27 results and proposed ₹20,501.60 million securities premium reduction, MOA changes, and capital reclassification.
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
16 Jul - Board approved Q1 FY27 results, MoA changes, capital reclassification, and securities premium reduction on July 16, 2026.
Concalls
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Jul 2026Transcript PPT REC
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Jun 2026TranscriptAI SummaryPPT
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May 2026Transcript PPT REC
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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.