WeWork India Management
- P/E
- 111.74
Key Fundamentals
MicrocapCommercial ServicesServicesPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 12.60%
- Debt to Equity
- 18.20
- EPS (TTM)
- ₹6.09
- Book Value
- ₹24.51
- Market Cap
- —
- P/E (TTM)
- 111.74
- P/B
- 27.76
- ROE
- 27.90%
- Dividend Yield
- 0.00%
- EBITDA
- ₹1,569 Cr
- 52W High
- ₹794.50
- 52W Low
- ₹420.00
- Day Range
- ₹655.55 – ₹682.50
- Volume
- 1,08,753
Peer Comparison
Services › Commercial Services › Diversified Services › Diversified Commercial Services
| ₹402.00 | 28.49 | ₹17,550 Cr | 9.92 | 0.63% | 55.80% | 69.20% | ₹1,363 Cr | ₹611 Cr | |
| ₹680.50 | 111.74 | ₹9,206 Cr | 27.76 | 0.00% | 27.90% | 12.60% | ₹2,578 Cr | ₹82 Cr | |
| ₹1,040.40 | 17.60 | ₹7,372 Cr | 2.33 | 0.68% | 14.80% | 18.50% | ₹951 Cr | ₹417 Cr | |
| ₹31.28 | 16.82 | ₹7,118 Cr | 2.05 | 0.00% | 23.10% | 16.20% | ₹1,101 Cr | ₹488 Cr | |
| ₹633.50 | 15.99 | ₹5,724 Cr | 12.18 | 4.72% | 83.80% | 30.80% | ₹674 Cr | ₹357 Cr | |
| ₹116.45 | 22.39 | ₹5,030 Cr | 3.40 | 0.00% | 9.82% | 9.21% | ₹821 Cr | ₹75 Cr | |
| Median 6 companies | ₹517.75 | 20.00 | ₹7,245 Cr | 6.66 | 0.32% | 25.50% | 17.35% | ₹1,026 Cr | ₹387 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 98/100
Category scores
- Quality
- 84
- Strong
- Returns, margins, earnings quality 22% weight
- Valuation
- 38
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 66
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 15
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 85
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 44
- Weak
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
No strengths listed
Weaknesses
6- Stock is trading at 29.7 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.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 3 | 5 | 11 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bullish | 1 | 0 | 9 |
Oscillators
Neutral
Overall
Strong Bullish
Moving Averages
Strong Bullish
Key readings
- RSI (14)
- 60.17
- Neutral
- MACD (12,26,9)
- −3.52
- Bullish
- SMA (50)
- 664.16
- Bullish
- SMA (200)
- 608.98
- Bullish
As of
Analyst Rating
10 of 10 analysts rate Buy, 0 Hold, 0 Sell.
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 5Y | +30.60% |
|---|---|
| 3Y | +22.78% |
| 1Y | +25.23% |
| TTM | +27.10% |
Net profit
| 5Y | Turned to profit |
|---|---|
| 3Y | Turned to profit |
| 1Y | −44.62% |
| TTM | −42.53% |
Operating cash flow
| 5Y | Turned positive |
|---|---|
| 3Y | +22.48% |
| 1Y | +33.87% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 5Y | +93.59 pp |
|---|---|
| 3Y | +3.95 pp |
| 1Y | +0.93 pp |
| TTM | +1.51 pp |
Revenue by year
| Mar 2018 | ₹57.00 Cr |
|---|---|
| Mar 2019 | ₹302 Cr |
| Mar 2020 | ₹691 Cr |
| Mar 2021 | ₹640 Cr |
| Mar 2022 | ₹784 Cr |
| Mar 2023 | ₹1,314 Cr |
| Mar 2024 | ₹1,662 Cr |
| Mar 2025 | ₹1,942 Cr |
| Mar 2026 | ₹2,432 Cr |
Net profit by year
| Mar 2018 | −₹76.00 Cr |
|---|---|
| Mar 2019 | −₹238 Cr |
| Mar 2020 | −₹317 Cr |
| Mar 2021 | −₹648 Cr |
| Mar 2022 | −₹643 Cr |
| Mar 2023 | −₹145 Cr |
| Mar 2024 | −₹131 Cr |
| Mar 2025 | ₹130 Cr |
| Mar 2026 | ₹72.00 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
Wework India Management Ltd has a market cap of ₹9,999 Cr with strong revenue growth of 27% TTM and a 5-year sales CAGR of 31%, but trades at elevated valuations of 115.8x PE and 32.68x PB. The company turned profitable recently with 30% ROE last year, though TTM profit has declined 54% and promoters have pledged 35% of their holding.
- Strong revenue growth with TTM sales growth of 27% and 5-year compounded sales CAGR of 31%, indicating sustained demand for flexible workspace solutions in India
- 3-year compounded profit growth of 36% demonstrates the company's ability to scale towards profitability over a medium-term horizon
- ROE of 30% in the last year suggests efficient capital utilization once the business reached profitability
- Market cap of ₹9,999 Cr positions the company as a mid-cap play on India's growing flexible office space market, which benefits from hybrid work trends
- 5-year compounded profit growth of 16% shows a long-term trajectory of improving financial performance despite near-term volatility
- Revenue growth of 23% over 3 years on a compounded basis indicates consistency in top-line expansion across business cycles
- PE ratio of 115.8x is extremely elevated, implying the stock prices in significant future growth that may not materialize
- Promoters have pledged 35% of their holding, creating risk of forced selling if share price declines or lenders invoke pledged shares
- TTM compounded profit has declined 54%, signaling a sharp deterioration in earnings momentum despite revenue growth
- Zero dividend yield despite reporting profits suggests the company either lacks free cash flow or is prioritizing other uses of capital over shareholder returns
- Promoter holding decreased by 1.11% in the last quarter, indicating potential dilution or lack of promoter confidence at current levels
- Low interest coverage ratio indicates the company's operating profits may be insufficient to comfortably service its debt obligations
- Low tax rate raises questions about the sustainability of reported profits and whether earnings are benefiting from one-time adjustments or non-recurring items
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: WeWork India is showing positive momentum with management guiding for strong H2 growth and expanding its value proposition through the new Member Services platform. No headwinds or risk factors emerged in recent news flow. The trend appears to be improving with the company diversifying its offerings beyond workspace. Investors should watch Q1 FY27 results for concrete financial validation of management's optimistic outlook.
- Member Services platform launched Jul 15
WeWork India launched a business services platform offering enterprise-grade solutions across Admin & IT, HR, Finance & Legal, and Marketing to its members, creating a new revenue/value stream.
- Management expects strong H2 growth Jul 17
Management communicated expectations of strong growth in Q3 and Q4, signaling confidence in near-term business momentum though no specific financial figures were provided.
- 10th AGM set for August 24 Aug 1
WeWork India scheduled its 10th AGM on August 24, 2026 via VC/OAVM with remote e-voting from August 20-23 and a cut-off date of August 17 for voting eligibility.
- Q1 FY27 earnings call announced Jul 10
WeWork India will host its Q1 FY27 earnings call on July 17, 2026 at 10:00 am IST via webcast or dial-in.
Quarterly Results
₹ Cr| Particulars | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 469 | 490 | 536 | 534 | 573 | 632 | 693 | 680 | 765 |
| Expenses | 171 | 178 | 193 | 199 | 192 | 225 | 243 | 243 | 275 |
| Operating Profit | 298 | 312 | 343 | 335 | 381 | 407 | 449 | 437 | 490 |
| OPM % | 63.59% | 63.59% | 63.98% | 62.69% | 66.44% | 64.47% | 64.87% | 64.28% | 64.01% |
| Other Income | 29.93 | −29.22 | 15.35 | 10.34 | 10.79 | 5.36 | 18.92 | 16.83 | 18.51 |
| Interest | 157 | 160 | 148 | 136 | 153 | 152 | 159 | 176 | 175 |
| Depreciation | 202 | 206 | 223 | 223 | 231 | 245 | 267 | 283 | 314 |
| PBT | −31.27 | −83.63 | −12.77 | −14.61 | 7.39 | 15.07 | 42.2 | −4.58 | 19.44 |
| Tax % | −752.03% | 0% | −393.27% | 0% | 0% | 0% | −52.54% | 0% | 0% |
| Net Profit | 204 | −83.63 | 37.46 | −14.61 | 7.39 | 15.06 | 64.37 | −4.58 | 19.44 |
| EPS (₹) | 37.2 | −9.25 | 2.8 | −1.09 | 0.55 | 1.12 | 4.75 | −0.33 | — |
Sep 2026: from the results filed on 26 Oct 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 57 | 302 | 691 | 640 | 784 | 1,314 | 1,662 | 1,942 | 2,432 | 2,578 |
| Expenses | 117 | 421 | 763 | 825 | 378 | 516 | 614 | 704 | 859 | 903 |
| Operating Profit | −61 | −119 | −72 | −185 | 406 | 798 | 1,048 | 1,238 | 1,573 | 1,675 |
| OPM % | −107% | −39% | −10% | −29% | 52% | 61% | 63% | 64% | 65% | 65% |
| Other Income | 2 | 2 | 18 | −8 | 52 | 108 | 72 | 28 | 45 | 52 |
| Interest | 2 | 9 | 46 | 122 | 390 | 414 | 508 | 598 | 601 | 641 |
| Depreciation | 15 | 112 | 218 | 334 | 712 | 636 | 743 | 823 | 966 | 1,026 |
| PBT | −76 | −238 | −317 | −648 | −643 | −145 | −131 | −155 | 50 | 60 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | −184% | −44% | — |
| Net Profit | −76 | −238 | −317 | −648 | −643 | −145 | −131 | 130 | 72 | 82 |
| EPS (₹) | −377 | −1,182 | −1,579 | −3,225 | −117 | −26.37 | −23.86 | 9.74 | 5.33 | 6.09 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 55 | 55 | 197 | 134 | 135 |
| Reserves | −84 | −321 | −605 | −1,239 | −210 | −346 | −628 | 75 | 170 |
| Borrowings | 350 | 1,023 | 1,550 | 2,250 | 292 | 481 | 625 | 4,272 | 5,550 |
| Other Liabilities | 154 | 486 | 742 | 628 | 3,835 | 4,219 | 4,291 | 914 | 1,240 |
| Total Liabilities | 423 | 1,190 | 1,689 | 1,642 | 3,972 | 4,410 | 4,485 | 5,395 | 7,095 |
| Fixed Assets | 268 | 759 | 1,079 | 823 | 3,314 | 3,569 | 3,594 | 4,309 | 5,774 |
| CWIP | 37 | 35 | 7 | 0 | 1 | 13 | 15 | 34 | 38 |
| Investments | 1 | 1 | 105 | 86 | 0 | 62 | 189 | 61 | 283 |
| Other Assets | 117 | 394 | 497 | 733 | 657 | 767 | 687 | 991 | 999 |
| Total Assets | 423 | 1,190 | 1,689 | 1,642 | 3,972 | 4,410 | 4,485 | 5,395 | 7,095 |
Cash Flow
₹ Cr| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | — | — | — | −165 | 416 | 942 | 1,165 | 1,293 | 1,731 |
| Investing | — | — | — | −295 | −6 | −387 | −417 | −309 | −642 |
| Financing | — | — | — | 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/OP | — | — | — | 94 | 103 | 122 | 108 | 105 | 111 |
Ratios
| Particulars | 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 |
| 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view WeWork India Management insights
41 extracted metrics across FY18–FY27.
Documents
- Q1 FY27 concall · Jul 2026Transcript PPT Recording
- Concall · Jun 2026PPT
- Q4 FY26 concall · May 2026Transcript PPT Recording
- Q3 FY26 concall · Feb 2026Transcript PPT Recording
- Q2 FY26 concall · Nov 2025Transcript PPT Recording
- 27 Jul 2026
- 10 Mar 2026
- 22 Jan 2026
- 23 Jan 2025
- General announcements 26 Oct 2026
Frequently Asked Questions about WeWork India Management
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Company Information
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.
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