Wework India Management Ltd
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.[1]
- Market Cap ₹ 7,231 Cr.
- Current Price ₹ 535
- High / Low ₹ 664 / 420
- Stock P/E 31.6
- Book Value ₹ 15.0
- Dividend Yield 0.00 %
- ROCE 139 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 35.7 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.39%
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 1,315 | 1,665 | 1,949 | |
| 519 | 618 | 711 | |
| Operating Profit | 796 | 1,047 | 1,239 |
| OPM % | 61% | 63% | 64% |
| 108 | 72 | 28 | |
| Interest | 414 | 508 | 598 |
| Depreciation | 637 | 744 | 824 |
| Profit before tax | -147 | -133 | -155 |
| Tax % | -0% | -0% | -184% |
| -147 | -136 | 128 | |
| EPS in Rs | -26.79 | -24.79 | 9.51 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 221% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 55 | 55 | 134 | 134 |
| Reserves | -347 | -635 | 66 | 67 |
| 481 | 768 | 310 | 4,794 | |
| 4,225 | 4,294 | 4,882 | 971 | |
| Total Liabilities | 4,414 | 4,483 | 5,392 | 5,966 |
| 3,576 | 3,613 | 4,323 | 4,739 | |
| CWIP | 13 | 15 | 34 | 42 |
| Investments | 57 | 164 | 33 | 46 |
| 768 | 692 | 1,002 | 1,138 | |
| Total Assets | 4,414 | 4,483 | 5,392 | 5,966 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 942 | 1,162 | 1,290 | |
| -386 | -393 | -304 | |
| -534 | -797 | -984 | |
| Net Cash Flow | 22 | -29 | 2 |
| Free Cash Flow | 709 | 918 | 918 |
| CFO/OP | 123% | 108% | 105% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 19 | 18 | 16 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 19 | 18 | 16 |
| Working Capital Days | -215 | -207 | -185 |
| ROCE % | 196% | 139% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Average Revenue Per Member (ARPM) INR |
|
||
| Enterprise Member Mix % |
|||
| Mature Centres Occupancy (>12 Months) % |
|||
| Number of Operational Centres Number |
|||
| Occupied Members Number (000s) |
|||
| Operational Desk Capacity Number (000s) |
|||
| Operational Leasable Area Million Square Feet |
|||
| Portfolio Level Occupancy % |
|||
| Portfolio Locked-in Commitment Tenure Months |
|||
| Desks Sold Area Million Square Feet |
|||
Extracted by Screener AI
Documents
Announcements
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Capacity Addition
14 Apr - WeWork India adds 61,998 sq ft in Pune; 864 desks, ₹36 crore investment by August 2026.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Regulation 74(5) certificate for quarter ended March 31, 2026; no demat requests, one rematerialisation confirmed.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
6 Apr - WeWork India signs five leases adding 700,000+ sq. ft. and ~12,000 desks across three cities.
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
30 Mar - CGST OIO for Apr 2019–Mar 2023: demand ₹1,37,07,208+₹6,03,32,708+₹6,03,32,708; equal penalties; company to appeal.
- Closure of Trading Window 25 Mar
Concalls
-
Feb 2026Transcript PPT REC
-
Nov 2025TranscriptPPT
-
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.