Wework India Management Ltd
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.[1]
- Market Cap ₹ 7,936 Cr.
- Current Price ₹ 591
- High / Low ₹ 664 / 568
- Stock P/E 45.0
- Book Value ₹
- 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
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -26.4%
* 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 | |
|---|---|
| 10 Years: | % |
| 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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Credit Rating
1h - ICRA upgraded WeWork India rating to [ICRA]A (Stable) from [ICRA]A- on Jan 22, 2026.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of Q3 FY26 Earnings Conference Call
-
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
9 Jan - Amended Articles grant Ariel Way Tenant Ltd (GlobalCo) right to appoint one director if holding ≥10% shares; approved Jan 8, 2026.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 9 Jan
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
9 Jan - Jan 8, 2026: Passed special resolutions to amend 2018/2021 Equity Incentive Plans and alter Articles.
Concalls
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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.