Wework India Management Ltd

AI

Wework India Management Ltd

₹ 684 0.86%
09 Nov - close price
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 Mar'26, network comprised 76 centres, 8.6 MSF operational area, 126.9k desks and 110.2k members across 8 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 ₹ 9,505 Cr.
  • Current Price ₹ 684
  • High / Low ₹ 794 / 420
  • Stock P/E 96.4
  • Book Value ₹ 25.0
  • Dividend Yield 0.00 %
  • ROCE 12.6 %
  • ROE 27.9 %
  • Face Value ₹ 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 27.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • 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 Sep 2026
469 490 536 534 573 632 693 680 765
171 178 193 199 192 225 243 243 275
Operating Profit 298 312 343 335 381 407 449 437 490
OPM % 64% 64% 64% 63% 66% 64% 65% 64% 64%
30 -29 15 10 11 5 19 17 19
Interest 157 160 148 136 153 152 159 176 175
Depreciation 202 206 223 223 231 245 267 283 314
Profit before tax -31 -84 -13 -15 7 15 42 -5 19
Tax % -752% 0% -393% 0% 0% 0% -53% 0% 0%
204 -84 37 -15 7 15 64 -5 19
EPS in Rs 26.58 -6.61 2.80 -1.09 0.55 1.12 4.75 -0.33 1.40
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 2,770
117 421 763 825 378 516 614 704 859 986
Operating Profit -61 -119 -72 -185 406 798 1,048 1,238 1,573 1,784
OPM % -107% -39% -10% -29% 52% 61% 63% 64% 65% 64%
2 2 18 -8 52 108 72 28 45 60
Interest 2 9 46 122 390 414 508 598 601 663
Depreciation 15 112 218 334 712 636 743 823 966 1,109
Profit before tax -76 -238 -317 -648 -643 -145 -131 -155 50 72
Tax % 0% 0% 0% 0% 0% 0% 0% -184% -44%
-76 -238 -317 -648 -643 -145 -131 130 72 94
EPS in Rs -270.64 -848.21 -1,133.61 -2,314.86 -83.83 -18.84 -17.05 9.74 5.33 6.94
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 31%
3 Years: 23%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: 16%
3 Years: 36%
TTM: 1418%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 9%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 28%

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 Sep 2026
Equity Capital 2 2 2 2 55 55 197 134 135 139
Reserves -84 -321 -605 -1,239 -210 -346 -628 75 170 208
350 1,023 1,550 2,250 292 481 625 4,272 5,550 5,623
154 486 742 628 3,835 4,219 4,291 914 1,240 1,401
Total Liabilities 423 1,190 1,689 1,642 3,972 4,410 4,485 5,395 7,095 7,370
268 759 1,079 823 3,314 3,569 3,594 4,309 5,774 5,937
CWIP 37 35 7 0 1 13 15 34 38 45
Investments 1 1 105 86 0 62 189 61 283 411
117 394 497 733 657 767 687 991 999 977
Total Assets 423 1,190 1,689 1,642 3,972 4,410 4,485 5,395 7,095 7,370

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 -372 416 709 921 836 1,134
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 94% 103% 122% 108% 105% 111%

Ratios

Standalone / 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 -227
ROCE % -47% -33% -51% -44% 164% 196% 21% 13%

Insights

In beta
Mar 2022 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

8 Recently
Dec 2025Mar 2026Jun 2026Sep 2026
49.80% 49.42% 48.30% 48.20%
21.97% 20.37% 19.64% 17.44%
24.83% 25.61% 25.90% 27.08%
3.38% 4.59% 6.17% 7.29%
No. of Shareholders 52,27253,80049,87047,722

* 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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