Wework India Management Ltd
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.[1]
- Market Cap ₹ 9,505 Cr.
- Current Price ₹ 684
- High / Low ₹ 794 / 420
- Stock P/E 92.7
- Book Value ₹ 24.5
- Dividend Yield 0.00 %
- ROCE 12.7 %
- ROE 29.8 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 27.9 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| 1,315 | 1,665 | 1,949 | 2,440 | 2,782 | |
| Sales growth | +27% | +17% | +25% | +30% | |
| 519 | 618 | 713 | 866 | 996 | |
| Operating Profit | 796 | 1,047 | 1,237 | 1,574 | 1,786 |
| OPM % | 61% | 63% | 63% | 64% | 64% |
| 108 | 72 | 28 | 48 | 64 | |
| Interest | 414 | 508 | 598 | 601 | 663 |
| Depreciation | 637 | 744 | 824 | 967 | 1,110 |
| Profit before tax | -147 | -133 | -157 | 53 | 77 |
| Tax % | -0% | -0% | -182% | -42% | |
| -147 | -136 | 128 | 75 | 99 | |
| EPS in Rs | -19.14 | -17.70 | 9.51 | 5.50 | 7.24 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 23% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | 1274% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 30% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 55 | 55 | 134 | 135 | 139 |
| Reserves | -347 | -492 | 66 | 163 | 202 |
| 481 | 617 | 4,273 | 5,550 | 5,623 | |
| 4,225 | 4,303 | 919 | 1,244 | 1,406 | |
| Total Liabilities | 4,414 | 4,483 | 5,392 | 7,092 | 7,370 |
| 3,576 | 3,600 | 4,313 | 5,777 | 5,939 | |
| CWIP | 13 | 15 | 34 | 38 | 45 |
| Investments | 57 | 176 | 43 | 268 | 397 |
| 768 | 692 | 1,002 | 1,009 | 989 | |
| Total Assets | 4,414 | 4,483 | 5,392 | 7,092 | 7,370 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 942 | 1,162 | 1,290 | 1,734 | |
| -386 | -393 | -304 | -647 | |
| -534 | -797 | -984 | -1,048 | |
| Net Cash Flow | 22 | -29 | 2 | 39 |
| Free Cash Flow | 709 | 918 | 835 | 1,137 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 123% | 108% | 105% | 111% |
Ratios
Consolidated / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 19 | 18 | 16 | 13 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 19 | 18 | 16 | 13 |
| Working Capital Days | -215 | -207 | -185 | -226 |
| ROCE % | 201% | 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 |
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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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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
- Allotment of 1,18,488 Equity Shares pursuant to exercise of employee stock options
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- JM Financial Annual India Conference - India Xchange 2026
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication of Unaudited Financial Results for Q2 FY27
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Q2 FY27 earnings call audio and video recordings uploaded on October 27, 2026.
Concalls
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Oct 2026Transcript PPT REC
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Jul 2026Transcript PPT REC
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Jun 2026PPT
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript
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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 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.