Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 5 Oct - WeWork India opened centres in Whitefield and Wakad on Oct. 5, adding 2.25 lakh sq. ft. and 4,500+ desks.
Source: Bse
WeWork India Management Limited (WEWORK)
Micro CapServices stocks · Micro cap · NSE
WeWork India Management Limited provides flexible workspace solutions across 8 cities in India. The company offers private offices, managed offices, and value-added services, focusing on premium, institutional-grade buildings. It caters to a diverse member base, including Fortune 500 companies and large enterprises.
Data qualityFresh enough for analysisQuote updated 21 Oct, 10:00 am ISTDetails
Quote21 Oct, 10:00 am IST
Base fundamentals14 Oct 2026 · screener
Latest result16 Jul, 08:27 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Services P/E 17.7 (n=143)
Technical timing lens
Trend score and candlestick chart
57NeutralSMA20 -1.5% / mo · MACD +
Stock trend: 57
Sector RS: —
Services FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but exact sector-index confirmation is unavailable. View sector evidence
Technical chart
WEWORKD candles · FIT view+19.6%TODAY · PROVISIONALLatest price ₹653.10 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-1.2%
RSI
41
MACD hist
0.10
52W pos
62%
2026-10-21O ₹661.00H ₹662.55L ₹653.10C ₹653.10Vol 4,159 shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
WEWORKNifty 500
- WEWORK
- -2.5%
- Nifty 500
- -5.6%
- Vs Nifty 500
- +3.0 pp
Chart stats
19 Oct 2026- From 52W high
- -16.5%
- 52W range position
- 65%
- ATR (14)
- 3.1%
- Volume vs 20D
- 1.18x
- Avg traded value
- ₹7.6 Cr
- 20D price channel
- ₹634.9 - ₹695.4
₹794.5
₹420 - ₹794.5
₹20.5
Latest completed session
20-session average
20.1% annualized volatility
No exact NSE sector index is mapped for this company. Nifty 500 remains the broad-market comparison.
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST40
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average45
Revenue +27.7% · PAT NDF YoY
Technical
Neutral57
Price trend and sector-relative-strength timing.
Valuation
Legacy model-4014.2%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence66
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 45/100Rev +28% YoY · margin expansion
Filed 16 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹683.8 Cr | +27.7% | -1.8% |
| EBITDA | ₹438 Cr | +30.6% | -2.7% |
| Operating margin | 64.0% | +139 bps | -63 bps |
| PAT | ₹-4.1 Cr | NDF | -106.2% |
| PAT margin | -0.6% | +205 bps | -1005 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 106.00
- P/B
- 30.86
- EV/EBITDA
- 5.54
- Market Cap
- 9426.00Cr
Profitability
- ROE
- 31.60%
- ROCE
- 20.70%
- ROA
- 1.20%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 25.33%
- EPS 5Y
- -18.51%
- Revenue 3Y
- 23.00%
- EPS 3Y
- 36.00%
Balance Sheet
- Debt/Equity
- 18.62
- Interest Coverage
- 2.61×
- Altman Z
- 2.02
- Book Value
- 22.00
Cash Flow
- FCF Yield
- 11.53%
- FCF Positive Y
- 4/5
- OCF
- 1734.00 Cr
- EPS TTM
- 6.25
Shareholding
- Promoter Hold
- 48.30%
- Promoter Pledge
- 35.00%
- Momentum 52W
- 69%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 2,589+6.1% vs prev
Net Profit
₹ CrLatest: 75.0-41.4% vs prev
Return on Equity
%Latest: 25.2-60.7% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term uptrend intact. RSI 41.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~1.6% over last month) — short-term momentum negative.
- RSI(14) at 41 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 18% off 52W high · 56% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
72
RS percentile
Stage 2 UptrendEstablished S2
1M return
-2.6%
3M return
-2.5%
6M return
+22.2%
1Y return
+2.9%
RS 1D
+2
RS 20D
-9
Sector rank
#12
Industry rank
-
Stage evidence
- Price is 6.5% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +4.1%.
50-DMA
price below
200-DMA
price above
S2 entered
30 Jun 2026
S2 age
78 trading sessions
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
253 observations
19 Oct 2026Value 111.8+1.43%
RS vs Nifty 500112
Valuation & peers
U-Score 40 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 40 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · WATCHLISTValuation2/30
Growth9/25
Quality17/20
Balance Sheet0/15
Cash Flow9/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
40
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
40/100 · legacy band WATCHLIST
Positive drivers
- FCF yield is supportive at 11.5%.
- Cash flow contributes 9/10 to the score.
- Quality contributes 17/20 to the score.
Main drags
- Promoter pledge is 35.0%.
- Fair-value margin of safety is negative at -4014.2%.
- Balance sheet is weaker at 0/15; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
106.0
PB
30.9
EV/EBITDA
5.5
ROE
31.6%
ROCE
20.7%
FCF Yield
11.5%
Debt/Equity
18.6
MoS
-4014.2%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
40
Previous: 40
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-4014.2%
Previous: -4081.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
40
40
40
40
40
40
40
40
40
40
40
40
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹55.62
-1074.2% MoS
Growth-justified P/E
2.5
Growth-justified Value
₹15.88
-4014.2% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SMARTWORKS
Micro
Smartworks Coworking Spaces Limited
Real Estate
match 159
32
192.0
3.1%
-617%
WATCHLIST
INDIQUBE
Small
Indiqube Spaces Limited
Real Estate
match 147
28
—
-42.2%
—
OVERVALUED
KONTOR
SME
Kontor Space Ltd.
Real Estate
match 147
50
14.6
8.3%
+45%
FAIR VALUE
LOTUSDEV
Micro
Sri Lotus Developers and Realty Limited
Real Estate
match 119
47
41.1
16.7%
-20%
FAIR VALUE
EMBDL
Micro
Embassy Developments Ltd.
Real Estate
match 118
15
—
-9.2%
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-07-17T04:40:44.976Z
Management commentary snapshot
Q1 FY27 sees robust operational and financial growth with 17.1% YoY desk capacity addition, 29.9% YoY member growth, and 28.5% YoY revenue increase. EBITDA margin expanded significantly to 19.8% from 15% YoY.
Management's decision to accelerate supply additions is supported by strong demand signals and industry tailwinds. The company demonstrates operating leverage, expanding margins even during a new capex cycle. The launch of 'Member Services' could further enhance member stickiness and wallet share.
Current business mix
Core Revenue by Member Type (Q1 FY27)
Latest issuer-disclosed distribution across 4 reported categories.
Fortune 50029.1%
Large Enterprise33.1%
Other Enterprise15.0%
Non-Enterprise22.7%
Growth engines
New Capex Cycle & Supply Additions
Added 6.6k desks in Q1 FY27; pipeline of committed supply is deeper than ever. 43.6k incremental desks committed via signed leases and LOIs.
Existing Member Expansion
More than half (52%) of Q1 FY27 sales came from members already within the network, indicating expansion rather than just acquisition.
Premiumisation & Flight to Quality
Businesses are in a clear flight to quality, with most new leasing going into younger, green-certified, institutional-grade buildings where WeWork operates.
Digital Products & Member Services
Launched 'Member Services', a B2B platform for members, to increase wallet share and deepen relationships by offering curated business services.
Capacity and execution
Operational Desk Capacity Added
6.7k desks added QoQ, reaching 133.6k total operational desks.
Committed Future Supply
43.6k incremental desks committed via signed leases and LOIs, representing 32% capacity growth already committed.
Total Locked-in Supply
Total area including LOI signed with landlords is 12.0 MSF, with 179.4k total desks (including warm shell desks) beyond March '27.
Tailwinds
Record Quarterly Leasing in India
Q2 CY26 was the highest quarterly leasing India has ever recorded, with flex leading the market for three consecutive quarters.
Growing Flex Market Share
Flex share of office leasing doubled from 12% (Q1 2025) to 27% (Q2 2026). Over half of India's occupiers use flex, on track for 2/3rds by 2027.
GCC & Domestic Demand
GCC tailwinds are strong, and domestic companies are driving 46% of all leasing, with flex operators driving ~57% of Q2 domestic leasing.
Changing Nature of Work
Businesses seek flexible space, distributed teams, and AI reshaping work, all aligning with the flex model. Behavioral shifts are stronger than a year ago.
Risk radar
Forward-Looking Statement Risks
Forward-looking statements involve known/unknown risks, uncertainties, and factors that could cause actual results to differ materially.
Regulatory Changes
Risks or uncertainties associated with expectations regarding regulatory changes in the industry and the company's ability to respond to them.
Strategy Implementation
Risks related to the ability to successfully implement its strategy, growth, and expansion plans.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
YoY comparison is crucial for assessing overall growth and the impact of capacity additions over a longer period. QoQ comparison is vital for tracking sequential momentum in sales, occupancy, margin expansion during the new capex cycle, and execution of new initiatives.
Sector KPIs management disclosed
Operational Desk Capacity
133.6k desks (QoQ +5.3%, YoY +17.1%)
Members
113.4k members (QoQ +2.8%, YoY +29.9%)
Portfolio Occupancy
84.9% (QoQ +198 bps, YoY +844 bps)
Mature Centre Occupancy (>12M)
87.5% (QoQ +140 bps, YoY +590 bps)
Management forward view
FY27 Growth Outlook
FY27 is going to be a year of growth, and the outlook from here is promising.
Platform Readiness for Future
The platform is ready for what comes next, evolving from standalone workspaces into fully integrated ecosystems, enabled by technology.
Member Services Opportunity
Member Services aims to increase wallet share from existing members and deepen relationships across current and new buying centers.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Portfolio Occupancy Rate | 84.9% | Sustained increase, especially in growth centers, to ensure new capacity is absorbed efficiently. |
| EBITDA Margin | 19.8% | Continued expansion or stability, demonstrating operating leverage despite ongoing capex cycles. |
| Free Cash From Operations | ₹141.9 Cr | Consistent positive generation to fund capex and reduce reliance on debt. |
| Net Debt | ₹31.6 Cr | Further reduction or controlled increase, especially with new capex, to maintain a healthy balance sheet. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
66Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 49th percentile of the scored universe and 53rd percentile within Services. Main check: promoter alignment is weak at 39/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
30 docs text-extracted · 9 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
49th percentile
overall median 67 · Services: 53rd pctile, median 66 · Micro: 29th pctile, median 73
Evidence depth
Financial-only
30 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
39
weak · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
40
weak · leverage and solvency
Discipline
90
strong · capital discipline
Results
68
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding increased 34.3%.
- ▸FCF yield is 11.8%.
- ▸4 years of positive FCF.
- ▸ROCE is 20.7%.
Trust risks
- ▸Promoters have pledged 35% of holding.
- ▸Debt/equity is 18.62.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching WeWork India Management Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 8 Sep - Allotment of 2,79,961 Equity Shares pursuant to exercise of employee stock options
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 Aug
Source: Bse
Investor presentationJul 2026
Jul 2026 · PPT
Source: Bse
Concall transcriptJul 2026
Jul 2026 · Transcript
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 16 Jul - Board approved Q1 FY27 results, MoA changes, capital reclassification, and securities premium reduction on July 16, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Jul
Source: Bse
Investor presentationJun 2026
Jun 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 2 Jun - Allotment of Equity Shares pursuant to exercise of Employee Stock Options
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 30 May - Allotment of Equity Shares pursuant to exercise of Employee Stock Options
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.