---
title: "Workmates Core2cloud Solution Ltd (544610) — Share Price, Financials & Analysis"
symbol: "544610"
company: "Workmates Core2cloud Solution Ltd"
canonical: "https://tapetide.com/stocks/544610"
isin: "INE1I1301016"
nse_symbol: "WORKMATESCORE2CLOUDSOLUTIONLTD"
bse_code: "544610"
sector: "Information Technology"
industry: "Computer Software & Consulting"
market_cap_cr: 596.78
generated_at: "2026-09-13T20:37:40.886Z"
---

# Workmates Core2cloud Solution Ltd (544610)

Canonical page: https://tapetide.com/stocks/544610

## Company

- **NSE Symbol:** WORKMATESCORE2CLOUDSOLUTIONLTD
- **BSE Code:** 544610
- **ISIN:** INE1I1301016
- **Sector:** Information Technology
- **Industry:** Computer Software & Consulting
- **Macro Sector:** Information Technology
- **Stock Type:** EQUITY
- **Listed Since:** 2025-11-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** cloudworkmates.com

## About

Founded in 2018, Workmates Core2Cloud Solution Limited, is an AWS Premier Consulting Partner known for scalable and innovative cloud solutions across India.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:46:59.441244Z.

- **Market Cap:** ₹596.78 Cr
- **Classification:** SME
- **P/E (reported):** 36.3
- **Book Value:** ₹68.32
- **Price to Book:** 6.55
- **Dividend Yield:** 0.45%
- **ROE:** 60.85%
- **ROCE:** 59.74%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹143.82 Cr
- **Net Income:** ₹15.97 Cr
- **EBITDA:** ₹22.04 Cr
- **52-Week High:** ₹514
- **52-Week Low:** ₹264
- **RSI (14):** 84.43

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 109% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 45.6%

### Weaknesses

- Working capital days have increased from 16.4 days to 63.8 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -47.18% | 114.41% | 5.06% |
| ebitda margin growth | -13.59% | 5.63% | 11.36% |
| net income growth | 14.89% | 103% | 109% |
| revenue growth | 32.68% | 71% | 103% |
| roce | -26.81% | -10.96% | 75.93% |
| roe | 1.93% | 57.34% | 18.22% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 48 | 57 | 75 | 69 |
| Expenses | 39 | 48 | 61 | 60 |
| Operating Profit | 9 | 9 | 13 | 9 |
| OPM % | 19 | 16 | 18 | 13 |
| Other Income | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 1 | 1 |
| Profit before tax | 9 | 10 | 12 | 9 |
| Tax % | 25 | 25 | 25 | 26 |
| Net Profit | 7 | 7 | 9 | 7 |
| EPS in Rs | 6980 | 7080 | 9.32 | 5.46 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 4 | 13 | 29 | 53 | 105 | 144 |
| Expenses | 4 | 11 | 26 | 46 | 86 | 121 |
| Operating Profit | 1 | 2 | 3 | 7 | 18 | 22 |
| OPM % | 14 | 14 | 9 | 14 | 18 | 16 |
| Other Income | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 1 | 2 | 3 | 8 | 19 | 22 |
| Tax % | 25 | 26 | 27 | 28 | 25 | 25 |
| Net Profit | 0 | 1 | 2 | 5 | 14 | 16 |
| EPS in Rs | 410 | 1260 | 1960 | 5390 | 14060 | 12.68 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 16 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 13 |
| Reserves | 0 | 2 | 4 | 9 | 23 | 76 |
| Borrowings | 0 | 0 | 0 | 0 | 9 | 0 |
| Other Liabilities | 1 | 3 | 7 | 13 | 26 | 19 |
| Total Liabilities | 1 | 5 | 10 | 22 | 58 | 108 |
| Fixed Assets | 0 | 0 | 0 | 0 | 1 | 11 |
| CWIP | 0 | 0 | 0 | 0 | 10 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1 | 5 | 10 | 22 | 46 | 97 |
| Total Assets | 1 | 5 | 10 | 22 | 58 | 108 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | 2 | 10 | 3 | — |
| Cash from Investing Activity | — | — | 0 | -4 | -11 | — |
| Cash from Financing Activity | — | — | 0 | 0 | 9 | — |
| Net Cash Flow | — | — | 2 | 6 | 1 | — |
| Free Cash Flow | — | — | 2 | 10 | -8 | — |
| CFO/OP | — | — | 156 | 167 | 43 | — |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 51 | 42 | 52 | 37 | 86 | 74 |
| Inventory Days | — | 0 | — | — | 0 | 0 |
| Cash Conversion Cycle | 51 | 42 | 52 | 37 | 86 | 74 |
| Working Capital Days | 20 | -10 | -8 | -34 | 19 | 64 |
| ROCE % | — | 151 | 98 | 117 | 92 | 37 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2026 |
| --- | --- |
| Promoters | 72.03% |
| FIIs | 0% |
| DIIs | 6.6% |
| Government | 0% |
| Public | 19.43% |
| Others | 1.94% |
| No. of Shareholders | 986 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 1 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 380.03 | Buy |
| EMA (10) | 399.16 | Buy |
| SMA (20) | 359.55 | Buy |
| EMA (20) | 373.23 | Buy |
| SMA (50) | 339.62 | Buy |
| EMA (50) | 347.98 | Buy |
| SMA (100) | 329.56 | Buy |
| EMA (100) | 340.33 | Buy |
| SMA (200) | 343.85 | Buy |
| EMA (200) | 346.25 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 86.66 | Sell |
| MACD (12,26,9) | 26.63 | Buy |
| Stochastic (14,3,3) | 97.79 | Sell |
| ADX (14) | 25.27 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 18.68 | High Volatility |
| ROC (12) | 37.75 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 82.18 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Company Secretary and Compliance Officer Purbali Saha resigned effective 23 April 2026. | [Announcement under Regulation 30 (LODR)-Cessation 9h - Company Secretary and Compliance Officer Purbali Saha resigned effective 23 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/812843ce-439d-453e-ad2b-76a4ee612739.pdf) |
| 9 Dec 2025 - Board approved unaudited standalone & consolidated results for half-year ended Sep 30, 2025 on Dec 09, 2025. | [Board Meeting Outcome for Outcome Of Board Meeting Of Workmates Core2cloud Solution Limited Held On Tuesday December 09 2025 9 Dec 2025 - Board approved unaudited standalone & consolidated results for half-year ended Sep 30, 2025 on Dec 09, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6db7120d-b5a1-425d-91b8-a7e5623ce6ea.pdf) |
| 9 Dec 2025 - Board approved standalone & consolidated unaudited results for half-year ended 30 Sep 2025 (limited review). | [Outcome Of Board Meeting Of Workmates Core2cloud Solution Limited Held On Tuesday December 09 2025 9 Dec 2025 - Board approved standalone & consolidated unaudited results for half-year ended 30 Sep 2025 (limited review).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a3696d5-2355-401a-b858-4ddc3154462f.pdf) |
| 8h - Board meeting on May 14, 2026 to approve FY26 audited financials, consider interim dividend, and review monitoring report. | [Update on board meeting 8h - Board meeting on May 14, 2026 to approve FY26 audited financials, consider interim dividend, and review monitoring report.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/953110d9-1b64-4de0-a533-ea94228673be.pdf) |
| 5 Feb - NCLT-directed meetings for Scheme of Amalgamation on 13 March 2026; e-voting 9–12 March; cut-off 6 March 2026; creditors cut-off 31 Mar 2025 and voting details … | [Notice For Convening The Meetings Of The Equity Shareholders, Non-Convertible Debenture Holders, Secured And Unsecured Creditors Of The Company In The Matter Of The Scheme Of Amalgamation Under The NCLT Supervision. 5 Feb - NCLT-directed meetings for Scheme of Amalgamation on 13 March 2026; e-voting 9–12 March; cut-off 6 March 2026; creditors cut-off 31 Mar 2025 and voting details …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/10f23430-7b5c-4608-8145-00e645422fa5.pdf) |
| 5 Feb - Copies of Newspaper Publication regarding the notice for convening meetings of Equity Shareholders, Non-Convertible Debentures Holders, Secured Creditors and Unsecured Creditors of the Company, under … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Feb - Copies of Newspaper Publication regarding the notice for convening meetings of Equity Shareholders, Non-Convertible Debentures Holders, Secured Creditors and Unsecured Creditors of the Company, under …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8666fd29-5f6c-4eeb-8260-cce2b2b3262e.pdf) |
| 4 Dec 2025 - Board meeting on Dec 09, 2025 to approve unaudited H1FY26 results (standalone & consolidated) for period ended Sep 30, 2025. | [Board Meeting Intimation for Board Meeting Intimation For Approval Of The Unaudited Financial Results For The Half Year Ended On 30Th September 2025 4 Dec 2025 - Board meeting on Dec 09, 2025 to approve unaudited H1FY26 results (standalone & consolidated) for period ended Sep 30, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/24f6ea01-fc61-4788-923f-bd6770ff7ba6.pdf) |
| 30 Jan - Transcript of Conference call with Analysts/Investors held on January 28, 2026 to discuss the Un-audited Standalone & Consolidated Financial Results of the Company for the … | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 30 Jan - Transcript of Conference call with Analysts/Investors held on January 28, 2026 to discuss the Un-audited Standalone & Consolidated Financial Results of the Company for the …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/94602663-1724-449c-a681-61324153b781.pdf) |
| 3 Mar - MCX imposed Rs.1,03,752 penalty on Share India; communicated March 2, 2026; no material financial impact. | [Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015. 3 Mar - MCX imposed Rs.1,03,752 penalty on Share India; communicated March 2, 2026; no material financial impact.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/36a7f62c-69dc-4d24-b513-4fa1ec134f8b.pdf) |
| 3 Feb - Feb 3, 2026: Finance Committee approved amending terms of 9,990 NCDs (INE932X07023/15), permitting working-capital use and additional borrowings. | [Announcement Under Regulations 30 And 51 Of The SEBI (LODR) Regulations, 2015 - Outcome Of The Meeting Of The Finance Committee Of The Company. 3 Feb - Feb 3, 2026: Finance Committee approved amending terms of 9,990 NCDs (INE932X07023/15), permitting working-capital use and additional borrowings.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/181c3b08-eaaf-48bd-a9d9-1a94c39f5880.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c6020769-5590-48a4-bf3c-8fd5d2b25f42.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1ef16b2b-d965-4366-8297-b9022d51068f.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1870cdb5-fdbb-4314-b182-558fac039fe5.pdf) |
| 2026-09-01 | [Notice Convening 8Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b5ceb6ab-7a6b-414f-9b80-6f65963eaaa2.pdf) |
| 2026-09-01 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=661cb8ca-8eb3-40db-9a9e-15f25d7ddab9.pdf) |
| 2026-09-01 | [Intimation Pursuant To Regulation 36(1)(B) Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d21a2204-4c5a-4b47-a9a5-53b0e214f468.pdf) |
| 2026-08-29 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f39effd5-5581-4ddf-b07a-e03052b3d4d2.pdf) |
| 2026-08-27 | [Intimation Of Book Closure](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61614570-054c-4a59-8af9-250b9017c7a3.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8c90e91-bd2a-4479-875c-089796b25682.pdf) |
| 2026-08-20 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 20.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e6af9d8-f62d-4617-990a-355a24423b78.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2649e4bb-b4e7-4291-8a6e-0b3d8efda74a.pdf) |
| 2026-05-20 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2782ceaf-91c8-46e5-99d6-d5d493c77c2a.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-05-25 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc78e4ef-f9f6-4b1b-a023-ecfef014dfe4.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-05-20 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0b9ec737-c2d5-4348-95e8-4acc31237194.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-14 | [Audited Standalone & Consolidated Financial Results For The Half Year And Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5d834daa-05f7-4667-92b8-fa00c10e1fa9.pdf) |
| 2025-12-09 | [Outcome Of Board Meeting Of Workmates Core2cloud Solution Limited Held On Tuesday December 09 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2a3696d5-2355-401a-b858-4ddc3154462f.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2020 | [Concall - Sep 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4839ff98-f895-4f23-9c40-3eb32998f500.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aed24cdb-0c7b-4aa0-9df3-bdcdeae5e979.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f58888d0-65a6-4f26-b3ea-cc900db18eb5.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b4d488eb-2f77-49e9-bb8b-bb5995ce8471.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8fbd3238-6b5b-4975-909d-67035751f9fd.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7b5ba1b-a1f7-42c9-b83d-5c0604fcf856.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cc78e4ef-f9f6-4b1b-a023-ecfef014dfe4.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/cc78e4ef-f9f6-4b1b-a023-ecfef014dfe4.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2782ceaf-91c8-46e5-99d6-d5d493c77c2a.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2782ceaf-91c8-46e5-99d6-d5d493c77c2a.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0aaf7fcc-981a-433e-90e5-28e23865b6ae.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f0654e3c-5fc5-4904-9f4f-91ab57eff245.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2f3aae68-3b08-4219-a4fa-812d1d763600.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/540725/74905540725.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540725/69742540725.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/540725/67018540725.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/540725/5407250319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/540725/5407250318.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:37:40.886Z.