Wework India Management Ltd
WEWORK NSE
Wework India Management Ltd
ServicesNSE: WEWORK BSE: 544570 Commercial Services & Supplies
Key Fundamentals
MicrocapDiversified ServicesCommercial ServicesMarket Cap
₹9,674 Cr
Volatility
Moderate
P/E Ratio
114.29
EBITDA
₹1,569 Cr
Return on Equity
64.94%
Debt to Equity
18.2
Book Value
₹21.73
52W High
₹794.5
52W Low
₹420
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Wework India Management Ltd insights
36 extracted metrics + investor summaries across FY18–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Weaknesses
6- Stock is trading at 31.4 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.
Growth Rate
Revenue Growth
20.56% ↗
Net Income Growth
-59.65% ↗
Cash Flow Change
11.03% ↗
ROE
114.54% ↗
ROCE
-5.54% ↗
EBITDA Margin (Avg.)
-2.93% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 18d agoAI opinion · based on fundamentals
Risk high
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.
Bull Case 6
- 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
Bear Case 8
- PE ratio of 115.8x is extremely elevated, implying the stock prices in significant future growth that may not materialize
- Price-to-book ratio of 32.68x indicates the stock trades at a steep premium to its asset base, leaving limited margin of safety
- 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
anthropic claude-opus-4.6 15d ago Positives 2
- 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.
Neutral 2
- 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.
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.
Quarterly Results
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 469 | 490 | 536 | 534 | 573 | 632 | 693 | 680 |
| Expenses | 171 | 178 | 193 | 199 | 192 | 225 | 243 | 243 |
| Operating Profit | 298 | 312 | 343 | 335 | 381 | 407 | 449 | 437 |
| OPM % | 63.59% | 63.59% | 63.98% | 62.69% | 66.44% | 64.47% | 64.87% | 64.28% |
| Other Income | 29.93 | -29.22 | 15.35 | 10.34 | 10.79 | 5.36 | 18.92 | 16.83 |
| Interest | 157 | 160 | 148 | 136 | 153 | 152 | 159 | 176 |
| Depreciation | 202 | 206 | 223 | 223 | 231 | 245 | 267 | 283 |
| PBT | -31.27 | -83.63 | -12.77 | -14.61 | 7.39 | 15.07 | 42.2 | -4.58 |
| Tax % | -752.03% | 0% | -393.27% | 0% | 0% | 0% | -52.54% | 0% |
| Net Profit | 204 | -83.63 | 37.46 | -14.61 | 7.39 | 15.06 | 64.37 | -4.58 |
| EPS in Rs | 37.2 | -9.25 | 2.8 | -1.09 | 0.55 | 1.12 | 4.75 | -0.33 |
Profit & Loss
| 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 | 705 | 859 | 903 |
| Operating Profit | -61 | -119 | -72 | -185 | 406 | 798 | 1,048 | 1,237 | 1,572 | 1,675 |
| OPM % | -107% | -39% | -10% | -29% | 52% | 61% | 63% | 64% | 65% | 65% |
| Other Income | 2 | 2 | 18 | -8 | 52 | 108 | 72 | 29 | 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 in Rs | -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
| 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 | 310 | 5,550 |
| Other Liabilities | 154 | 486 | 742 | 628 | 3,835 | 4,219 | 4,291 | 4,876 | 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
| 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 | 919 | 1,134 |
| CFO/OP | — | — | — | 94 | 103 | 122 | 108 | 105 | 111 |
Ratios
| 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 | -190 |
| ROCE % | — | -47% | -33% | -51% | -44% | 164% | 196% | 137% | 21% |
Documents
1
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
26 Apr - Allotment of equity shares pursuant to Employee Stock Option Scheme 26 Apr - Allotment of equity shares pursuant to Employee Stock Option Scheme
2
Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 May - WeWork India opened Worldmark 6, Aerocity, adding 1.1 lakh sq. ft. and 1,400+ desks in NCR. 4 May - WeWork India opened Worldmark 6, Aerocity, adding 1.1 lakh sq. ft. and 1,400+ desks in NCR.
3
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
1d - Allotment of equity shares pursuant to Employee Stock Option Scheme 1d - Allotment of equity shares pursuant to Employee Stock Option Scheme
4
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Capacity Addition
14 Apr - WeWork India adds 61,998 sq ft in Pune; 864 desks, ₹36 crore investment by August 2026. 14 Apr - WeWork India adds 61,998 sq ft in Pune; 864 desks, ₹36 crore investment by August 2026.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Regulation 74(5) certificate for quarter ended March 31, 2026; no demat requests, one rematerialisation confirmed. 10 Apr - Regulation 74(5) certificate for quarter ended March 31, 2026; no demat requests, one rematerialisation confirmed.
Frequently Asked Questions about Wework India Management Ltd
What does Wework India Management Ltd do?
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.[1]
Where is Wework India Management Ltd (WEWORK) listed?
Wework India Management Ltd is listed on the Indian stock exchanges. It is listed on NSE: WEWORK and BSE: 544570. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Wework India Management Ltd belong to?
Wework India Management Ltd operates in the Services sector within the Commercial Services & Supplies industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Wework India Management Ltd?
Wework India Management Ltd has a market capitalisation of approximately ₹9674.29 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Wework India Management Ltd?
The Price-to-Earnings (PE) ratio of Wework India Management Ltd is 114.29. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Wework India Management Ltd?
Over the past 52 weeks, Wework India Management Ltd has traded between a low of ₹420 and a high of ₹794.5. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Wework India Management Ltd?
Wework India Management Ltd has a Return on Equity (ROE) of 64.94%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Wework India Management Ltd on Tapetide?
On Tapetide, you can view Wework India Management Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.[1]