Wework India Management Ltd (WEWORK) — share price & stock analysis
From losses in FY23 and FY24 to record profits — the comeback is real, the price knows it.
Wework India Management Ltd (WEWORK) trades at ₹721 as of 1 July 2026. The machine reads this as turnaround: from losses in FY23 and FY24 to record profits — the comeback is real, the price knows it. the price is in Stage 4 — declining, 30 weeks in. Fundamentals-momentum score: 87/100 (mostly improving).
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Market cap
- ₹9,990 Cr
- P/E
- 127×
- ROE
- 31.6%
- Book value / share
- ₹22.0
- Revenue (FY26)
- ₹2,440 Cr
- Profit after tax (FY26)
- ₹75 Cr
- Weinstein stage
- Stage 4 (30 weeks)
- Data as of
- 1 July 2026
4 of the 5 things we track are currently moving the right way — nearly everything is pulling in the same direction.
Where the levels actually stand: ROCE 21% — a high-quality engine; real debt (18.62× equity). Momentum says which way things are moving; these say where they are.
Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double, and a quarter of the score comes from our earnings-recovery lens (is the profit cycle turning up off its trough?).
The price is in a downtrend — fighting it is expensive
STAGE 4 · DECLINING · 30 WEEKSStock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 4: declining, 30 weeks in.stage
The price is below its falling 200-day average — history says most of the damage in stocks happens here. Cheap can get cheaper in Stage 4.dma_200
What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200
Data: Weekly price, moving averages and stage
| Period | Price (₹) | 200-DMA (₹) | 50-DMA (₹) | Stage |
|---|---|---|---|---|
| Oct 25 | 629 | 629 | 629 | 4 |
| Oct 25 | 646 | 629 | 629 | 4 |
| Oct 25 | 635 | 629 | 630 | 4 |
| Oct 25 | 646 | 630 | 633 | 4 |
| Nov 25 | 632 | 630 | 633 | 1 |
| Nov 25 | 622 | 630 | 631 | 1 |
| Nov 25 | 620 | 629 | 630 | 1 |
| Nov 25 | 598 | 628 | 625 | 1 |
| Dec 25 | 596 | 626 | 619 | 1 |
| Dec 25 | 594 | 625 | 616 | 4 |
| Dec 25 | 581 | 623 | 610 | 4 |
| Dec 25 | 599 | 622 | 607 | 4 |
| Jan 26 | 619 | 621 | 607 | 4 |
| Jan 26 | 615 | 621 | 608 | 4 |
| Jan 26 | 610 | 620 | 608 | 4 |
| Jan 26 | 580 | 619 | 604 | 4 |
| Feb 26 | 579 | 617 | 599 | 4 |
| Feb 26 | 580 | 615 | 596 | 4 |
| Feb 26 | 562 | 613 | 593 | 4 |
| Feb 26 | 532 | 610 | 585 | 4 |
| Feb 26 | 496 | 605 | 572 | 4 |
| Mar 26 | 450 | 600 | 556 | 4 |
| Mar 26 | 466 | 593 | 538 | 4 |
| Mar 26 | 470 | 587 | 526 | 4 |
| Mar 26 | 451 | 581 | 515 | 4 |
| Apr 26 | 480 | 572 | 500 | 4 |
| Apr 26 | 540 | 570 | 503 | 4 |
| Apr 26 | 535 | 569 | 510 | 4 |
| Apr 26 | 547 | 568 | 516 | 4 |
| May 26 | 533 | 567 | 521 | 4 |
| May 26 | 496 | 563 | 517 | 4 |
| May 26 | 565 | 561 | 518 | 4 |
| May 26 | 601 | 562 | 528 | 4 |
| Jun 26 | 631 | 565 | 541 | 4 |
| Jun 26 | 641 | 565 | 545 | 4 |
| Jun 26 | 648 | 567 | 553 | 4 |
| Jun 26 | 644 | 568 | 557 | 4 |
| Jun 26 | 639 | 569 | 563 | 4 |
| Jun 26 | 651 | 571 | 572 | 4 |
| Jun 26 | 631 | 572 | 577 | 4 |
| Jun 26 | 643 | 574 | 583 | 4 |
| Jun 26 | 627 | 575 | 585 | 4 |
| Jul 26 | 721 | 578 | 596 | 4 |
Out of the loss years — profitable again, still below its best
Over 3 years, sales went from ₹1,315 Cr to ₹2,440 Cr (about 23% a year), and profit from ₹−147 Cr to ₹75.0 Cr.revenuenet_profit
The books show real losses in FY23 and FY24 (worst: ₹−147 Cr). Everything about today’s cheap-looking numbers must be read against that history — the recovery is what you are buying.net_profit
Data: Revenue by year
| Period | Revenue (₹ Cr) |
|---|---|
| FY23 | 1,315 |
| FY24 | 1,665 |
| FY25 | 1,949 |
| FY26 | 2,440 |
Data: Profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| FY23 | -147 |
| FY24 | -136 |
| FY25 | 128 |
| FY26 | 75 |
Data: OPM % by year
| Period | OPM % (%) |
|---|---|
| FY23 | 60.5 |
| FY24 | 62.9 |
| FY25 | 63.6 |
| FY26 | 64.5 |
Sales jumped 29% last quarter
Mar 26 sales were ₹696 Cr, up 29% on the same quarter last year.revenue
Data: Quarterly sales
| Period | Revenue (₹ Cr) | YoY growth (%) |
|---|---|---|
| Sep 24 | 470 | – |
| Dec 24 | 492 | – |
| Mar 25 | 539 | – |
| Jun 25 | 535 | – |
| Sep 25 | 575 | 22.3 |
| Dec 25 | 634 | 28.9 |
| Mar 26 | 696 | 29.1 |
Margins have been rebuilt — 60.5% in FY23 to 64.5% now
Of every ₹100 of sales, the company keeps ₹64.7 as operating profit (a year ago it kept ₹63.7).opm_pct
Zoom out and this is the page's quiet hero: annual operating margin bottomed at 60.5% in FY23 and has been rebuilt to 64.5% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit
The gross margin barely moved (100% → 100%), so the change came from running costs — the business is getting more efficient as it scales.gpm_pctopm_pct
Data: Three margins, quarterly
| Period | Gross (%) | Operating (%) | Net (%) |
|---|---|---|---|
| Sep 24 | 99.9 | 63.5 | 43.4 |
| Dec 24 | 99.8 | 63.3 | -7.6 |
| Mar 25 | 99.9 | 63.7 | 6.8 |
| Jun 25 | 99.9 | 62.7 | -2.6 |
| Sep 25 | 99.9 | 66.1 | 1.1 |
| Dec 25 | 99.9 | 64.3 | 3.3 |
| Mar 26 | 99.8 | 64.7 | 9.5 |
Profit exploded 78% — mostly from the tax bill
Mar 26 profit after tax was ₹66.0 Cr, up 78% year on year.net_profit
Data: Quarterly profit after tax
| Period | PAT (₹ Cr) | YoY growth (%) |
|---|---|---|
| Sep 24 | 204 | – |
| Dec 24 | -83.0 | – |
| Mar 25 | 37.0 | – |
| Jun 25 | -14.0 | – |
| Sep 25 | 6.0 | -97.1 |
| Dec 25 | 17.0 | 120.5 |
| Mar 26 | 66.0 | 78.4 |
The single biggest driver was selling more.
Data: Where the profit change came from (Mar 25 → Mar 26)
| Component | Effect (₹ Cr) |
|---|---|
| PAT Mar 25 | 37 |
| More sales | +100 |
| Fatter margins | +6 |
| Other income | +4 |
| Depreciation | −42 |
| Interest | −11 |
| Tax | −28 |
| PAT Mar 26 | 66 |
Does the profit turn into cash?
Data: Cash collected vs profit reported (annual)
| Period | Operating cash flow (₹ Cr) | Profit after tax (₹ Cr) |
|---|---|---|
| FY23 | 942 | -147 |
| FY24 | 1,162 | -136 |
| FY25 | 1,290 | 128 |
| FY26 | 1,734 | 75.0 |
The cash cycle is stable
One rupee now takes about 13 days to go out the door as materials and come back as collected cash.cash_conversion_cycle
Data: Days of cash locked up (annual)
| Period | Customers owe (debtor days) (days) |
|---|---|
| FY23 | 19.0 |
| FY24 | 18.0 |
| FY25 | 16.0 |
| FY26 | 13.0 |
The asset base keeps compounding — this company builds
The productive asset base has gone from ₹3,576 Cr (FY23) to ₹5,777 Cr, with another ₹38.0 Cr of capacity under construction right now.fixed_assetscwip
The build is self-funded: the last 3 years' investing outflow (₹1,344 Cr) fits inside the operating cash the business generated (₹4,186 Cr).investing_cash_flowoperating_cash_flow
Data: Assets in place vs under construction (annual)
| Period | Fixed assets (₹ Cr) | Under construction (CWIP) (₹ Cr) |
|---|---|---|
| FY23 | 3,576 | 13.0 |
| FY24 | 3,613 | 15.0 |
| FY25 | 4,323 | 34.0 |
| FY26 | 5,777 | 38.0 |
Debt is building — watch this
For every ₹100 shareholders have put in (and left in), the company has borrowed ₹1,862 — total borrowings have grown from ₹481 Cr to ₹5,550 Cr over the window.borrowings
Data: Total borrowings (annual)
| Period | Borrowings (₹ Cr) |
|---|---|
| FY23 | 481 |
| FY24 | 768 |
| FY25 | 310 |
| FY26 | 5,550 |
Data: Debt vs shareholders’ money (annual)
| Period | Debt ÷ equity (x) |
|---|---|
| FY23 | -1.7 |
| FY24 | -1.3 |
| FY25 | 1.6 |
| FY26 | 18.6 |
Worth studying deeper — with eyes open
The numbers lean positive, and the price is roughly fair to the delivery so far.
Best thing in the data: profit rising (₹37.0 Cr → ₹66.0 Cr).net_profit
Biggest worry: debt moving the wrong way (1.55× → 18.62×).borrowings
One dissent worth hearing: our valuation lens reads negative — “its fair-value math says the price sits about 16% above what the numbers justify”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.
Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.
Straight answers from the data
What does Wework India Management Ltd do?
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.[1]. It is listed in the Realty - CoWorking sector with a market capitalisation of ₹9,990 Cr.
What is Wework India Management Ltd's share price?
As of 1 July 2026, Wework India Management Ltd trades at ₹721, with a market capitalisation of ₹9,990 Cr. Prices are weekly closes from Screener data; this page refreshes with each weekly update.
What is Wework India Management Ltd's share price target?
Sector Alpha does not publish broker-style price targets. Our discounted-cash-flow model estimates Wework India Management Ltd's intrinsic value at ₹620 per share under base assumptions (bear ₹197, bull ₹620), against the current price of ₹721 — a 1% premium to model value. These are model estimates, not forecasts — treat them as one input alongside the valuation history below, not as a target.
What did Wework India Management Ltd report in its latest quarterly results?
In its most recent reported quarter (Q4 FY26, quarter ended March 2026): Mar 26 sales were ₹696 Cr, up 29% on the same quarter last year. Mar 26 profit after tax was ₹66.0 Cr, up 78% year on year. Figures are from Screener-scraped quarterly filings; the page updates when the next quarter is filed.
Is Wework India Management Ltd growing?
Sales jumped 29% last quarter. Mar 26 sales were ₹696 Cr, up 29% on the same quarter last year.
Are Wework India Management Ltd's profits growing?
Profit exploded 78% — mostly from the tax bill. Mar 26 profit after tax was ₹66.0 Cr, up 78% year on year.
What are Wework India Management Ltd's operating margins?
Margins have been rebuilt — 60.5% in FY23 to 64.5% now. In the most recent quarter, of every ₹100 of sales, the company keeps ₹64.7 as operating profit (a year ago it kept ₹63.7).
What is Wework India Management Ltd's long-term growth record?
Revenue grew from ₹1,315 Cr in FY23 to ₹2,440 Cr in FY26 — a 22.9% compound annual growth rate over 3 years. Profit CAGR is not meaningful across this span — the company reported losses in FY23, FY24.
Is Wework India Management Ltd stock in an uptrend?
The price is in a downtrend — fighting it is expensive. Wework India Management Ltd is in Stage 4 — declining, 30 weeks in (pending). Stages follow Stan Weinstein's four-phase read of weekly price against the 200-day average: basing (1), advancing (2), topping (3), declining (4).
Does Wework India Management Ltd have too much debt?
Debt is building — watch this. For every ₹100 shareholders have put in (and left in), the company has borrowed ₹1,862 — total borrowings have grown from ₹481 Cr to ₹5,550 Cr over the window.
What is the bull case for Wework India Management Ltd?
From losses in FY23 and FY24 to record profits — the comeback is real, the price knows it. Best thing in the data: profit rising (₹37.0 Cr → ₹66.0 Cr). Sales jumped 29% last quarter.
What is the bear case for Wework India Management Ltd — what could break the story?
Biggest worry: debt moving the wrong way (1.55× → 18.62×). If portfolio occupancy at exit of FY27 falls below 80% despite the managed-office demand-backing commitment (management cited maintained above 85% as a floor), or if GCC deal flow slows to below 30% of new desk sales for two consecutive quarters, the demand-backed expansion thesis breaks and the valuation premium cannot be justified on a contracting revenue-per-seat trajectory. The nearest-term thing to watch: if quarterly growth slips below 15%, the story weakens. This falsification condition is stated up front so the thesis can be checked against incoming quarters, not defended after the fact.
Is Wework India Management Ltd a stock worth studying right now?
Sector Alpha does not publish buy or sell recommendations — this is a research read, not advice. What the data says: worth studying deeper — with eyes open. The numbers lean positive, and the price is roughly fair to the delivery so far. Across the 7-model scorecard the composite research signal is study deeper at 76% confidence. This is machine-written research compiled from Screener data — every number traces to its source — and it is not investment advice. Do your own diligence.