Wework India Management Ltd
₹ 740
-0.34%
03 Jul
- close price
About
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.[1]
Key Points
- Market Cap ₹ 10,258 Cr.
- Current Price ₹ 740
- High / Low ₹ 764 / 420
- Stock P/E 134
- Book Value ₹ 22.6
- Dividend Yield 0.00 %
- ROCE 20.6 %
- ROE 29.7 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 32.8 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: -0.39%
- Tax rate seems low
- Promoters have pledged 41.4% 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
Upcoming result date: 16 July 2026
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 | |
|---|---|---|---|---|---|---|---|---|---|
| 57 | 302 | 691 | 640 | 784 | 1,314 | 1,662 | 1,942 | 2,432 | |
| 117 | 421 | 763 | 825 | 378 | 516 | 614 | 705 | 859 | |
| Operating Profit | -61 | -119 | -72 | -185 | 406 | 798 | 1,048 | 1,237 | 1,572 |
| OPM % | -107% | -39% | -10% | -29% | 52% | 61% | 63% | 64% | 65% |
| 2 | 2 | 18 | -8 | 52 | 108 | 72 | 29 | 45 | |
| Interest | 2 | 9 | 46 | 122 | 390 | 414 | 508 | 598 | 601 |
| Depreciation | 15 | 112 | 218 | 334 | 712 | 636 | 743 | 823 | 966 |
| Profit before tax | -76 | -238 | -317 | -648 | -643 | -145 | -131 | -155 | 50 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -184% | -44% |
| -76 | -238 | -317 | -648 | -643 | -145 | -131 | 130 | 72 | |
| EPS in Rs | -377.01 | -1,181.59 | -1,579.15 | -3,224.68 | -117.32 | -26.37 | -23.86 | 9.74 | 5.33 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 23% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 36% |
| TTM: | -57% |
| 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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Documents
Announcements
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Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ending June 30, 2026
30 Jun - Board meeting on July 16, 2026 to approve Q1 FY27 results; trading window closes July 1.
- Closure of Trading Window 30 Jun
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Capacity Addition
29 Jun - Added 31,259 sq ft at Krishe Emerald, Hyderabad; 536 desks expected operational in July 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
29 Jun - Presentation - WeWork India Analyst Day 2026
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Announcement Under Regulation 30(LODR)-Intimation Of Grant Of Employee Stock Options Under Wework India Management Limited 2018 Equity Incentive Plan
27 Jun - NRC approved grant of 4,39,510 ESOPs on June 27, 2026 under 2018 Equity Incentive Plan.
Concalls
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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.