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 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
470 492 539 535 575 634 696 684 768
171 181 196 200 195 227 246 246 278
Operating Profit 298 311 344 335 380 408 450 438 490
OPM % 64% 63% 64% 63% 66% 64% 65% 64% 64%
30 -29 16 10 11 7 20 17 19
Interest 157 160 148 136 153 152 159 176 175
Depreciation 202 205 225 223 231 246 267 283 314
Profit before tax -31 -83 -13 -14 6 17 44 -4 20
Tax % -748% 0% -375% 0% -3% -0% -50% 3% 0%
204 -83 37 -14 6 17 66 -4 20
EPS in Rs 26.55 -6.58 2.72 -1.05 0.47 1.25 4.84 -0.31 1.46
Raw PDF

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
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
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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