Wework India Management Ltd
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.[1]
- Market Cap ₹ 9,235 Cr.
- Current Price ₹ 667
- High / Low ₹ 794 / 420
- Stock P/E 104
- Book Value ₹ 22.0
- Dividend Yield 0.00 %
- ROCE 20.7 %
- ROE 31.6 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 30.3 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: -1.12%
- 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 | 2,589 | |
| 519 | 618 | 711 | 867 | 913 | |
| Operating Profit | 796 | 1,047 | 1,239 | 1,574 | 1,676 |
| OPM % | 61% | 63% | 64% | 64% | 65% |
| 108 | 72 | 28 | 48 | 55 | |
| Interest | 414 | 508 | 598 | 601 | 641 |
| Depreciation | 637 | 744 | 824 | 967 | 1,027 |
| Profit before tax | -147 | -133 | -155 | 53 | 63 |
| Tax % | -0% | -0% | -184% | -42% | |
| -147 | -136 | 128 | 75 | 85 | |
| EPS in Rs | -26.79 | -24.77 | 9.51 | 5.50 | 6.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 23% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | -53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 32% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 55 | 55 | 134 | 135 |
| Reserves | -347 | -492 | 66 | 163 |
| 481 | 617 | 310 | 5,550 | |
| 4,225 | 4,303 | 4,882 | 1,244 | |
| Total Liabilities | 4,414 | 4,483 | 5,392 | 7,092 |
| 3,576 | 3,600 | 4,323 | 5,777 | |
| CWIP | 13 | 15 | 34 | 38 |
| Investments | 57 | 176 | 33 | 268 |
| 768 | 692 | 1,002 | 1,009 | |
| Total Assets | 4,414 | 4,483 | 5,392 | 7,092 |
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 | 918 | 1,137 |
| CFO/OP | 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 | -189 |
| ROCE % | 201% | 141% | 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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Extracted by Screener AI
Documents
Announcements
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Closure of Trading Window
- Board meets October 26, 2026 to approve Q2 and half-year results; trading window closes from October 1.
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Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ending September 30, 2026
- Board meeting on October 26, 2026 to consider Q2 and half-year results; trading window closes October 1.
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Intimation Regarding E-Filing Of Application In Form RSC-1 With NCLT For Reduction Of Share Capital (Securities Premium Account) Of The Company
- Filed RSC-1 on Sept. 11, 2026 to use ₹20,501.60 million premium to offset accumulated losses.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
- Allotment of 2,79,961 Equity Shares pursuant to exercise of employee stock options
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Outcome Of Board Meeting - In-Principle Approval For A 10 Mwp Captive Solar Power Plant
- Board approved 10 MWp captive solar plant in Karnataka; targeted commissioning in FY27, generating 15–16 million units annually.
Concalls
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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.