Wework India Management Ltd.

682.9-0.76%

2026-08-21

wework.co.inBSE: 544570NSE: WEWORK
Market Cap₹ 9,581 Cr.
Current Price₹ 688
High / Low₹ 794 / 420
Stock P/E113.7
Book Value₹ 17
Price to Book26.59
Dividend Yield0.00 %
ROCE114.7 %
ROE39.8 %
Face Value₹ 10

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ABOUT

KEY POINTS

PROS

  • Company has a healthy return on capital (ROCE) of 145.2%
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 62.17x)
  • Institutional investors have been accumulating - FII+DII up 45.5pp
  • Company generates healthy free cash flow

CONS

  • A large part of profit comes from other income (95.0% of PBT)
  • Promoter holding has decreased over last 2 years: -51.7pp
  • Interest coverage is weak at 1.1x - earnings barely cover interest
  • Equity base is being diluted - shares outstanding up 147.0%
  • Stock is trading at 26.6x its book value
  • Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.AEGISVOPAK269.30119.2729838.210.0769.4145.47233.7742.5411.7676.75
2.RUBICON1797.75103.2529758.500.08847.811857.955343.381415.8829.2224.16
3.WEWORK691.30113.749580.740.00-40.61-187.066838.321177.45114.7064.06
4.PRABHA199.552666.242924.860.000.29234.251.6949.820.1019.08
5.MALLCOM969.0022.60604.660.316.57-33.36109.49-10.5721.5312.47
6.MODIRUBBER116.000.00290.470.004.25-91.297.814.414.02
7.JISLDVREQS21.290.4741.080.000.001357.7712.61
8.MODIPON34.000.0039.360.00-0.13-48.890.000.00
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2024
470
171
Operating Profit
OPM %
Other Income
30
Interest
157
Depreciation
202
-31
Tax %
760.92%
Net Profit
0
16
Equity Capital
55
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
55
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
492
180
Operating Profit
OPM %
Other Income
17
Interest
160
Depreciation
205
-83
Tax %
-0.11%
Net Profit
0
-7
Equity Capital
90
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
90
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
539
196
Operating Profit
OPM %
Other Income
16
Interest
148
Depreciation
225
-13
Tax %
377.18%
Net Profit
0
3
Equity Capital
134
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
134
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
535
559
Operating Profit
OPM %
Other Income
10
Interest
136
Depreciation
223
-14
Tax %
-0.35%
Net Profit
-14
-0
Equity Capital
134
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
134
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
575
195
Operating Profit
OPM %
Other Income
11
Interest
153
Depreciation
231
7
Tax %
-2.61%
Net Profit
6
0
Equity Capital
134
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
134
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
634
227
Operating Profit
OPM %
Other Income
10
Interest
152
Depreciation
246
15
Tax %
-0.27%
Net Profit
17
1
Equity Capital
134
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
134
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
696
246
Operating Profit
OPM %
Other Income
19
Interest
159
Depreciation
267
43
Tax %
-50.78%
Net Profit
66
5
Equity Capital
135
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
135
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
684
705
Operating Profit
OPM %
Other Income
17
Interest
176
Depreciation
283
-4
Tax %
-2.99%
Net Profit
-4
-0
Equity Capital
139
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
139
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
784
379
Operating Profit
459
OPM %
58
Other Income
54
Interest
390
Depreciation
712
-643
Tax %
0
Net Profit
-643
EPS
-696
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-84
Minority Interest
0
Share of Associates
0
Adjusted EPS
-84
Mar 2023
1,315
519
Operating Profit
904
OPM %
69
Other Income
108
Interest
414
Depreciation
637
-147
Tax %
0
Net Profit
-147
EPS
-12
Dividend Payout %
0
Minority Interest
1
Share of Associates
0
Adjusted EPS
-19
Minority Interest
1
Share of Associates
0
Adjusted EPS
-19
Mar 2024
1,665
618
Operating Profit
1,119
OPM %
67
Other Income
72
Interest
508
Depreciation
744
-136
Tax %
0
Net Profit
-136
EPS
-25
Dividend Payout %
0
Minority Interest
-0
Share of Associates
0
Adjusted EPS
-18
Minority Interest
-0
Share of Associates
0
Adjusted EPS
-18
Mar 2025
1,949
711
Operating Profit
1,313
OPM %
67
Other Income
75
Interest
598
Depreciation
824
-157
Tax %
182
Net Profit
128
EPS
10
Dividend Payout %
0
Minority Interest
-1
Share of Associates
0
Adjusted EPS
10
Minority Interest
-1
Share of Associates
0
Adjusted EPS
10
Mar 2026
2,440
867
Operating Profit
1,624
OPM %
67
Other Income
50
Interest
601
Depreciation
967
53
Tax %
-42
Net Profit
75
EPS
5
Dividend Payout %
0
Minority Interest
-0
Share of Associates
0
Adjusted EPS
5
Minority Interest
-0
Share of Associates
0
Adjusted EPS
5
TTM
2,589
1,372
Operating Profit
OPM %
Other Income
57
Interest
641
Depreciation
1,027
61
Tax %
-36
Net Profit
83
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
3
Adjusted EPS
Minority Interest
0
Share of Associates
3
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
23%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
1 Year:

RETURN ON EQUITY

10 Years:
5 Years:
8%
3 Years:
13%
Last Year:
40%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

No bonus data found

Mar 2022
55
-210
95
Trade Payables
113
3,919
Total Liabilities
3,972
3,314
Capital Work in Progress
1
0
0
0
Cash & Bank
28
629
Total Assets
3,972
Total Debt
292
Net Working Capital
-458
Contingent Liabilities
4
Book Value per Share
-28.23
Face Value
10.00
Total Debt
292
Net Working Capital
-458
Contingent Liabilities
4
Book Value per Share
-28.23
Face Value
10.00
Mar 2023
55
-394
97
Trade Payables
104
4,553
Total Liabilities
4,414
3,576
Capital Work in Progress
11
57
0
0
Cash & Bank
51
719
Total Assets
4,414
Total Debt
486
Net Working Capital
-668
Contingent Liabilities
10
Book Value per Share
-61.85
Face Value
10.00
Total Debt
486
Net Working Capital
-668
Contingent Liabilities
10
Book Value per Share
-61.85
Face Value
10.00
Mar 2024
55
-687
87
Trade Payables
73
4,954
Total Liabilities
4,483
3,600
Capital Work in Progress
15
176
0
80
Cash & Bank
24
587
Total Assets
4,483
Total Debt
626
Net Working Capital
-755
Contingent Liabilities
9
Book Value per Share
-115.33
Face Value
10.00
Total Debt
626
Net Working Capital
-755
Contingent Liabilities
9
Book Value per Share
-115.33
Face Value
10.00
Mar 2025
134
6
0
Trade Payables
52
4,915
Total Liabilities
5,107
4,313
Capital Work in Progress
34
43
1
83
Cash & Bank
27
606
Total Assets
5,107
Total Debt
310
Net Working Capital
-931
Contingent Liabilities
23
Book Value per Share
10.44
Face Value
10.00
Total Debt
310
Net Working Capital
-931
Contingent Liabilities
23
Book Value per Share
10.44
Face Value
10.00
Mar 2026
135
102
0
Trade Payables
75
6,473
Total Liabilities
6,785
5,777
Capital Work in Progress
38
268
1
85
Cash & Bank
67
549
Total Assets
6,785
Total Debt
333
Net Working Capital
-1,196
Contingent Liabilities
62
Book Value per Share
17.50
Face Value
10.00
Total Debt
333
Net Working Capital
-1,196
Contingent Liabilities
62
Book Value per Share
17.50
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
416
Cash from Investing
-6
Cash from Financing
-602
-192
Free Cash Flow
416
OCF / Net Profit
-0.65
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.65
Cumulative 5-Year FCF
0
Mar 2023
942
Cash from Investing
-386
Cash from Financing
-534
22
Free Cash Flow
63
OCF / Net Profit
-6.42
Cumulative 5-Year FCF
0
OCF / Net Profit
-6.42
Cumulative 5-Year FCF
0
Mar 2024
1,162
Cash from Investing
-393
Cash from Financing
-797
-29
Free Cash Flow
487
OCF / Net Profit
-8.56
Cumulative 5-Year FCF
0
OCF / Net Profit
-8.56
Cumulative 5-Year FCF
0
Mar 2025
1,290
Cash from Investing
-304
Cash from Financing
-984
2
Free Cash Flow
-119
OCF / Net Profit
10.06
Cumulative 5-Year FCF
0
OCF / Net Profit
10.06
Cumulative 5-Year FCF
0
Mar 2026
1,734
Cash from Investing
-647
Cash from Financing
-1,048
39
Free Cash Flow
-748
OCF / Net Profit
23.15
Cumulative 5-Year FCF
0
OCF / Net Profit
23.15
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
EPS (₹)
-117.32
Book Value (₹)
-28.23
Dividend per Share (₹)
0.00
Cash EPS (₹)
8.95
Operating Margin %
58.47%
Net Margin %
-81.97%
ROE %
0.00%
ROCE %
-184.36%
-16.19%
Debtor Days
30
Inventory Days
0
Payable Days
0
30
Debt to Equity (x)
-1.89x
Interest Coverage (x)
-0.65x
0.44x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
-26.61
Book Value (₹)
-61.85
Dividend per Share (₹)
0.00
Cash EPS (₹)
63.85
Operating Margin %
68.76%
Net Margin %
-11.17%
ROE %
0.00%
ROCE %
161.56%
-3.50%
Debtor Days
19
Inventory Days
0
Payable Days
0
19
Debt to Equity (x)
-1.43x
Interest Coverage (x)
0.65x
0.40x
Revenue Growth %
67.58%
Operating Profit Growth %
97.07%
Net Profit Growth %
77.17%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
-24.79
Book Value (₹)
-115.33
Dividend per Share (₹)
0.00
Cash EPS (₹)
79.29
Operating Margin %
62.88%
Net Margin %
-8.15%
ROE %
0.00%
ROCE %
194.64%
-3.05%
Debtor Days
16
Inventory Days
0
Payable Days
0
16
Debt to Equity (x)
-1.28x
Interest Coverage (x)
0.73x
0.41x
Revenue Growth %
26.67%
Operating Profit Growth %
23.82%
Net Profit Growth %
7.52%
6.87%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.71x
Mar 2025
EPS (₹)
9.51
Book Value (₹)
10.44
Dividend per Share (₹)
0.00
Cash EPS (₹)
71.03
Operating Margin %
63.51%
Net Margin %
6.58%
ROE %
0.00%
ROCE %
126.34%
2.67%
Debtor Days
15
Inventory Days
0
Payable Days
8301
-8285
Debt to Equity (x)
2.22x
Interest Coverage (x)
0.74x
0.33x
Revenue Growth %
17.06%
Operating Profit Growth %
17.30%
Net Profit Growth %
194.41%
138.35%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.32x
Mar 2026
EPS (₹)
5.50
Book Value (₹)
17.50
Dividend per Share (₹)
0.00
Cash EPS (₹)
77.00
Operating Margin %
64.49%
Net Margin %
3.07%
ROE %
39.76%
ROCE %
114.70%
1.26%
Debtor Days
13
Inventory Days
0
Payable Days
8752
-8739
Debt to Equity (x)
1.40x
Interest Coverage (x)
1.09x
0.33x
Revenue Growth %
25.19%
Operating Profit Growth %
23.70%
Net Profit Growth %
-41.55%
-42.16%
P/E (x)
84.64x
P/B (x)
26.59x
Dividend Yield %
0.00%
4.04x

Shareholding Pattern

Numbers in percentages

TRADES
Mar 2020
100.00
0.00
0.00
Government
0.00
0.00
Mar 2021
100.00
0.00
0.00
Government
0.00
0.00
Mar 2022
71.22
0.00
0.00
Government
0.00
28.78
Mar 2023
100.00
0.00
0.00
Government
0.00
0.00
Mar 2024
71.22
0.00
0.00
Government
0.00
28.78
Oct 2025
49.80
27.57
18.92
Government
0.00
3.72
Dec 2025
49.80
21.97
24.83
Government
0.00
3.39
Mar 2026
49.42
20.37
25.61
Government
0.00
4.60
Jun 2026
48.29
19.64
25.90
Government
0.00
6.17

Documents

Announcements

Annual Reports

Credit Ratings

  • Credit Rating- Revision

    2026-07-27 - WeWork India Management Limited has informed the Exchange about Upgrade in Credit Rating

Concalls