WEWORKServices

WeWork India Management Limited

Diversified Commercial Services · ISIN INE085001019 · BSE 544570 · NSE EQ · FV ₹10
Last price
₹681
+2.58%today
What this company does

WeWork India Management Limited operates in Diversified Commercial Services, part of the Services sector. It booked ₹768 cr of revenue in its latest quarter (Q2 FY27) and kept 2.6% of sales as profit. It is the 2nd largest of 9 Diversified Commercial Services companies we track, by market value.

45out of 100
Equitytale Health Score
Mixed

Healthier than 45% of companies in Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 19–117 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
54

At close. Not part of the score.

Profitability & returns63

How much profit it earns on the money it employs

Balance sheet11

How much it owes, and whether earnings cover the interest

Cash quality91

Whether reported profit actually arrives as cash

Valuation3

What today's price implies, against our models or its peers

Governance & risk62

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 34% vs last year
✓ Profit up 222% vs last year
✓ Promoters hold 48%
✓ Strong 24% return on equity
✓ Turns profit into real cash
Watch-outs
! Thin 2.6% net margin
! 35.0% of promoter stake pledged
! Carries high debt (D/E 1.1)

What if I invest in WEWORK?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹681▲ +2.58%
latest close · 2026-11-04
52-wk low ₹60774 sessions so far52-wk high ₹795
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio116.5High
LowAverageHigh
P/B ratio27.76High
Below bookModerateHigh
EV / EBITDA4.8Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity23.8%Strong
WeakFairStrong ▸15%
Return on capital14.2%Fair
WeakFairStrong
Net margin2.6%Thin
ThinDecentStrong
EBITDA margin66.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.14High
LowModerateHigh ▸1
Interest cover1.1×Risky
RiskyOkayStrong ▸5×
Current ratio0.34Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹9,450 cr
Book value
₹25
EPS
₹1.46
latest quarter
Net debt
₹384 cr
owes more than its cash
Enterprise value
₹9,834 cr
EBITDA
₹2,035 cr
annualised
EBIT
₹778 cr
annualised
Operating margin
25.3%
Return on assets
1.1%
Earnings yield
0.86%
P/S
3.08
Sales / share
₹221.2
Tax rate
0.1%
Face value
₹10
Shares
13.9 cr
Working capital
₹-1,236 cr
Current assets
₹647 cr
Current liabilities
₹1,882 cr
Delivery %
52.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 12% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹980–₹980, midpoint ₹980

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹768 cr
Other Income₹19 cr
Total Income₹786 cr
Cost of Materials₹84.4 L
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹56 cr
Finance Costs₹175 cr
Depreciation & Amortisation₹314 cr
Other Expenses₹221 cr
Total Expenses₹767 cr
Profit before Tax₹20 cr
Tax Expense₹1.6 L
Share of JV / Associates₹86.9 L
Net Profit₹20 cr
Net margin on total income2.6%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹84.4 L0.1%
Employee benefit expense₹56 cr7.1%
Finance costs₹175 cr22.2%
Depreciation & amortisation₹314 cr39.9%
Other expenses₹221 cr28.1%
Tax expense₹1.6 L0.0%
Profit for the period₹20 cr2.6%
Total income ₹786 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue696 cr684 cr768 cr
Total income715 cr701 cr786 cr
Expenses672 cr705 cr767 cr
Profit before tax43 cr-4 cr20 cr
Tax-22 cr11.8 L1.6 L
Net profit (owners' share)66 cr-4 cr20 cr
Net margin (owners' share, on revenue)9.4%-0.6%2.6%
EPS (₹)4.88-0.311.46
YoY (latest quarter): total income +34.3% · net profit +222.4%
Balance sheet & cash flow · as of Sep 2026
High debt
Total assets
₹7,370 cr
Shareholder equity
₹340 cr
parent shareholders
Total debt
₹390 cr
Cash
₹6 cr
Cash flow · H1 FY27
Operating
₹1,026 cr
Investing
₹-550 cr
Financing
₹-533 cr
Peer comparison
Diversified Commercial Services · by market value
CompanyPriceMarket capP/E
International Gemological Institute Limited₹408₹17,626 cr23.7
WeWork India Management Limitedthis company₹663₹9,213 cr113.6
Bluspring Enterprises Limited₹143₹7,552 cr—
Nesco Limited₹1,037₹7,305 cr17.4
Indiabulls Limited₹30₹6,751 cr11.8
Smartworks Coworking Spaces Limited₹484₹5,540 cr54.1
LEAP India Limited₹113₹4,975 cr65.7
Quess Corp Limited₹319₹4,762 cr15.8
Inox Green Energy Services Limited₹115₹4,610 cr28.4
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
⚑ 35.0% pledged
Promoter
48.2%
FII / Foreign
17.4%
DII / Domestic
27.1%
Retail / others
7.3%
Promoter stake down 1.6% over the last 5 quarters.
Smart-money activity
Insider trades
BoughtPraneet Sidhu · -28,057 · ₹12.1 L14 Mar 26
BoughtAbhinav Devra · -15,522 · ₹10.6 L14 Mar 26
BoughtAjay Dhawan · -21,845 · ₹13.5 L14 Mar 26
Bulk / block deals
short— · NSE21 Jun 26
short— · NSE3021 May 26
short— · NSE10030 Mar 26
Stake changes
Sold1 Ariel Way Tenant Limited→ 12.29% · 35.00 L14 Aug 26
SoldCatalyst Trusteeship Ltd→ 17.29% · 43.00 L12 Jun 26
BoughtCatalyst Trusteeship Limited→ 20.67% · 36.00 L10 Mar 26
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Aug 2026
See the official result
1
Adoption of Audited Standalone Financial Statements
Backed by 99% of shareholders other than promotersneeded 50%
5.54 cr votes for, 7.66 L against · 2% of mutual funds and other big investors said no
2
Adoption of Audited Consolidated Financial Statements
Backed by 99% of shareholders other than promotersneeded 50%
5.54 cr votes for, 7.66 L against · 2% of mutual funds and other big investors said no
3
Re-appointment of Mr. Adnan Mostafa Ahmad (DIN: 10838524), as a director, liable to retire by rotation
Backed by 100% of shareholders other than promotersneeded 50%
5.60 cr votes for, 1.73 L against · 0% of mutual funds and other big investors said no
4
Reclassification of Authorised Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association of the Company
Backed by 100% of shareholders other than promotersneeded 50%
5.62 cr votes for, 1,577 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 89 named members
owning 48.2% between them · as of 2026-09-30
Embassy Buildcon LLP (EBLLP)48.06%
Karan Virwani0.05%
Neel Virwani0.05%
Shrinivas Anantrao Pawar0.04%
Aarav Virwanino shares
Aditya Virwanino shares
Alara Properties LLPno shares
Anemone Ventures LLPno shares
Business done with them
FY2026 · 5 of the group
The company paid ₹179 cr to companies in the promoter group last year — about 7.3% of its ₹2,440 cr revenue and received ₹2 cr back from them.
EMBASSY SERVICES PRIVATE LIMITED
Other payments to them · Related Party Transactions
₹135 cr
company paid
BABBLER MARKETING PRIVATE LIMITED
Bought property or assets from them · Related Party Transactions
₹15 cr
company paid
Karan Virwani
Other payments to them · Related Party Transactions
also owns 0.05% of the company
₹11 cr
company paid
EMBASSY PROPERTY DEVELOPMENTS PRIVATE LIMITED
Contribution made to them · Related Party Transactions
₹7 cr
company paid
EMBASSY SERVICES PRIVATE LIMITED
Contribution made to them · Related Party Transactions
₹5 cr
company paid
EMBASSY SERVICES PRIVATE LIMITED
Bought property or assets from them · Related Party Transactions
₹4 cr
company paid
Next Level Experiences LLP
Other payments to them · Related Party Transactions
₹2 cr
company paid
BABBLER MARKETING PRIVATE LIMITED
Sold goods to them · Related Party Transactions
₹1 cr
company received
EMBASSY SERVICES PRIVATE LIMITED
Provided services to them · Related Party Transactions
₹47.1 L
company received
BABBLER MARKETING PRIVATE LIMITED
Other payments to them · Related Party Transactions
₹31.8 L
company paid
EMBASSY PROPERTY DEVELOPMENTS PRIVATE LIMITED
Other income from them · Related Party Transactions
₹1 L
company received
Karan Virwani
Contribution made to them · Related Party Transactions
also owns 0.05% of the company
₹0.2 L
company paid

The company also transacted with 22 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.