Wework India Management Ltd

Wework India Management Ltd

₹ 691 -1.28%
24 Jul 10:52 a.m.
About

Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.[1]

Key Points

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.

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
468.70 490.06 535.63 533.95 573.03 631.93 692.85 680.20
170.64 178.44 192.92 199.22 192.33 224.54 243.37 242.94
Operating Profit 298.06 311.62 342.71 334.73 380.70 407.39 449.48 437.26
OPM % 63.59% 63.59% 63.98% 62.69% 66.44% 64.47% 64.87% 64.28%
29.93 -29.22 15.35 10.34 10.79 5.36 18.92 16.83
Interest 157.16 159.93 147.85 136.41 153.18 152.33 159.26 176.13
Depreciation 202.10 206.10 222.98 223.27 230.92 245.35 266.94 282.54
Profit before tax -31.27 -83.63 -12.77 -14.61 7.39 15.07 42.20 -4.58
Tax % -752.03% 0.00% -393.27% 0.00% 0.00% 0.00% -52.54% 0.00%
203.89 -83.63 37.46 -14.61 7.39 15.06 64.37 -4.58
EPS in Rs 37.20 -9.25 2.80 -1.09 0.55 1.12 4.75 -0.33
Raw PDF

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
Number of Operational Centers
Number
Operational Desk Capacity
Desks
Operational Leasable Area
MSF
Portfolio Occupancy
%
Renewal Rate
%
Sales Velocity (Desks Sold)
Desks

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2025Mar 2026Jun 2026
49.80% 49.42% 48.30%
21.97% 20.37% 19.64%
24.83% 25.61% 25.90%
3.38% 4.59% 6.17%
No. of Shareholders 52,27253,80049,870

* 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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