MarketFriction

We Win Ltd

NSE WEWIN · BSE 543535 · Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
₹51.65 +1.65%
NSE close2026-10-01
52 week range35.38 - 78.00
Market cap₹48.3 Cr.
P/E10.7
IPO 2017 · +29% since Price band 10% Delivery 87.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue from operations14.0014.9616.7119.3818.8320.4019.2720.2920.3420.7621.7830.77
Operating costs12.6614.0315.1817.5317.2419.0618.6117.4918.7519.9019.8629.32
EBITDA1.340.931.531.851.591.340.662.801.590.861.921.45
EBITDA margin %9.57%6.22%9.16%9.55%8.44%6.57%3.43%13.80%7.82%4.14%8.82%4.71%
Depreciation & amortisation0.340.400.680.540.530.820.860.860.560.630.690.73
Finance costs0.190.460.350.250.230.380.340.460.35-0.360.190.29
Non-operating income0.070.150.350.160.070.120.220.520.140.120.120.51
Pre-tax profit0.880.220.851.220.900.26-0.322.000.820.711.160.94
Effective tax rate %26.14%59.09%12.94%21.31%26.67%26.92%-9.38%45.50%26.83%-150.70%-0.86%-1.06%
Profit after tax0.650.100.760.920.670.19-0.291.080.591.791.170.91
Earnings per share (Rs)0.640.100.750.910.660.19-0.291.060.581.761.150.90
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue from operations17.7145.0740.0336.1441.6148.7965.0478.4993.65
Operating costs14.5134.6734.4333.1737.4244.0359.4072.0987.83
EBITDA3.2010.405.602.974.194.765.646.405.82
EBITDA margin %18.07%23.08%13.99%8.22%10.07%9.76%8.67%8.15%6.21%
Depreciation & amortisation1.002.271.691.211.061.341.953.062.61
Finance costs0.620.550.480.490.560.331.241.410.47
Non-operating income0.080.310.280.360.660.320.750.920.89
Pre-tax profit1.667.893.711.633.233.413.202.853.63
Effective tax rate %36.14%28.77%41.78%29.45%34.98%29.62%22.81%42.11%-23.97%
Profit after tax1.065.622.231.122.142.402.441.654.49
Earnings per share (Rs)1.045.512.191.102.112.362.401.624.42
Paid out as dividend %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Revenue CAGR%21%24%19%
Profit CAGR%32%23%172%
Share price CAGR%22%-9%-3%
Average return on equity%11%10%15%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Net block (property, plant)4.293.382.802.282.063.024.1611.4411.10
Capital work in progress0.000.000.000.140.823.197.600.814.49
Investments0.020.040.100.070.110.100.070.070.00
Current & other assets16.1122.4623.8326.1924.6232.0539.5839.6137.93
Total assets20.4225.8826.7328.6827.6138.3651.4151.9353.52
Share capital3.393.393.393.3910.1610.1610.1610.1610.16
Reserves & surplus6.1611.7914.2115.4410.9613.5716.2918.1720.97
Total debt5.982.623.843.400.688.0912.3812.403.37
Other liabilities & provisions4.898.085.296.455.816.5412.5811.2019.02
Equity + liabilities20.4225.8826.7328.6827.6138.3651.4151.9353.52
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating cash flow1.894.024.402.440.631.4814.322.684.86
Investing cash flow-4.73-1.57-1.27-0.55-1.24-5.18-9.51-5.64-1.47
Free cash flow (after capex)-2.122.713.581.84-0.13-0.5911.60-7.402.70
Financing cash flow6.13-0.69-2.13-0.46-0.611.572.02-3.60-0.30
Net change in cash3.291.751.001.43-1.23-2.136.84-6.563.09
Cash conversion (OCF / EBITDA) %73%62%99%99%35%51%271%55%84%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Return on capital employed %50.89%21.66%9.71%17.22%13.95%12.57%10.71%10.90%
Receivable days127.3759.6172.31103.1286.58137.1388.4485.9460.49
Inventory days
Payable days
Cash cycle (days)127.3759.6172.31103.1286.58137.1388.4485.9460.49
Working capital days62.2450.7863.3773.5389.2193.7417.7328.9727.71
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoter group %70.80%70.80%70.80%70.80%70.80%70.80%70.90%70.90%70.90%70.90%70.96%70.96%
Retail & others %29.20%29.20%29.20%29.21%29.20%29.20%29.10%29.11%29.11%29.10%29.05%29.05%
Shareholder count2,3023,5293,5403,3803,2473,3003,3053,4513,3243,7293,5793,784

Fundamentals

Market value₹ 48.3 Cr.
Last price₹ 47.5
P/E (trailing)10.7
Book value / share₹ 30.6
Return on capital10.9 %
Return on equity15.1 %
Dividend yield0.00 %
Face value₹ 10.0
Revenue CAGR (TTM)19%
Profit CAGR (TTM)172%
Consolidated figures.
Valuation
Market capRs 52 Cr
Enterprise valueRs 60 Cr
P/E (TTM)11.77x
Price to book1.85x
Price to sales0.56x
EV / EBITDA8.89x
EV / EBIT14.56x
EV / sales0.64x
Price to cash flow19.58x
Earnings yield8.50%
P/E, 3-year average943.15x
P/B, 3-year average86.78x
P/E, 5-year average571.49x
P/B, 5-year average52.60x
Profitability
Operating margin (excl. other income)8.15%
Operating margin (incl. other income)9.33%
EBITDA margin7.17%
Pre-tax margin3.88%
Net profit margin4.76%
Net margin, latest quarter2.96%
ROE6.02%
ROCE10.71%
ROA3.19%
ROE, 3-year average8.82%
ROCE, 3-year average12.41%
ROA, 3-year average5.30%
ROE, 5-year average8.66%
ROCE, 5-year average12.83%
ROA, 5-year average5.51%
ROIC (approx.)6.68%
Tax rate42.11%
Other income / net worth3.25%
Growth
Sales growth (latest year)20.68%
Profit growth (latest year)-32.38%
Sales CAGR, 3 years23.56%
Sales CAGR, 5 years14.42%
Profit CAGR, 3 years-8.30%
Profit CAGR, 5 years-5.85%
Sales growth QoQ41.28%
Profit growth QoQ-22.22%
Sales growth YoY (latest quarter)51.65%
Profit growth YoY (latest quarter)-15.74%
Per share
EPS (TTM)Rs 4.39
EPS (latest year)Rs 1.62
EPS (latest quarter)Rs 0.90
EPS, 3-year averageRs 1.34
EPS, 5-year averageRs 1.88
Book value per shareRs 27.88
Sales per shareRs 92.17
Cash flow per shareRs 2.64
Efficiency
Asset turnover1.51x
Fixed asset turnover6.86x
Debtor days86 days
Debtors turnover4.25x
Leverage
Total debtRs 12 Cr
Cash and bankRs 5 Cr
Net debtRs 7 Cr
Debt to equity0.44x
Net debt / EBITDA1.07x
Interest coverage8.72x
Owners' fund to total sources54.55%
Debt to assets23.88%
Cash flow
Operating cash flow (latest year)Rs 3 Cr
Investing cash flow (latest year)Rs -6 Cr
Financing cash flow (latest year)Rs -4 Cr
Net change in cash (latest year)Rs -7 Cr
Sales to cash flow29.29x
Statement figures
Net sales (TTM)Rs 94 Cr
Net sales (latest year)Rs 78 Cr
Sales (latest quarter)Rs 31 Cr
Operating profit excl. other income (latest year)Rs 6 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 7 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 3 Cr
Total expenditure (latest year)Rs 72 Cr
Total income (latest year)Rs 79 Cr
Share capitalRs 10 Cr
ReservesRs 18 Cr
Shareholders' fundsRs 28 Cr
Total assetsRs 52 Cr
Net blockRs 11 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 18 Cr
Other liabilitiesRs 11 Cr
Shares outstanding (crore)1.02
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 11.8 is at the 24th percentile of its own 7.0-year range (median 30.3, low 3.2, high 84.7).
P/B 1.85 is at the 21th percentile (median 2.48).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodWEWINNifty 50Difference
1 week+5.4%-2.8% +8.2 pts
1 month+17.7%-6.8% +24.4 pts
3 months+5.7%-7.6% +13.3 pts
6 months+39.6%+0.4% +39.2 pts
1 year+1.6%-9.9% +11.5 pts
2 years-27.3%-13.6% -13.7 pts
3 years-19.0%+14.2% -33.2 pts
5 years+173.3%+27.9% +145.4 pts

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹31 Cr +51.7% vs Mar 2025. Net profit ₹1 Cr -15.7%.
Against our estimate for Mar 2026: sales +41.2%, profit -21.9% in line. Our estimate for Jun 2026: sales Rs 27 Cr, profit Rs 1 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-08-30Annual General Meeting
2023-09-15Annual General Meeting
2022-09-23Annual General Meeting
DateTypeWhat it says
2026-10-01UpdatesCompliance as per Regulation 57(5) of SEBI (LODR) Regulations, 2015 for the Quarter ended on 30th September 2026.
2026-09-28UpdatesIntimation under Regulation 57(4) of SEBI (LODR) Regulations, .
2026-09-26Shareholder meetingVoting results.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-21General UpdatesGeneral Updates
2026-09-15Reply to Clarification- FinaThe Exchange had sought clarification from WE WIN LIMITED for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligat...
2026-09-08Clarification - Financial ReThe Exchange has sought clarification from WE WIN LIMITED for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligat...
2026-08-29Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-29Board meeting outcomeOutcome of Board Meeting held on August 29, 2026.
2026-08-13UpdatesPresentation on the Un-audited Financial Results for the Quarter ended June 30, 2026.
2026-08-13Board meeting outcomeWE WIN LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-01Structural Digital DatabaseCompliance Certificate for the quarter ended 30th June 2026
2026-07-01UpdatesCompliance as per Regulation 57(5) of SEBI (LODR) Regulations, 2015 for the Quarter ended on 30th June 2026.
2026-06-27UpdatesIntimation under Regulation 57(4) of SEBI (LODR) Regulations, 2015.
2026-06-23Order winBagging/Receiving of orders/contracts Work Order for Selection of Implementation Agency for Enhancing Capabilities of Existing Accident Response Syste...
2026-06-19Reply to Clarification- FinaThe Exchange had sought clarification from WE WIN LIMITED for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligat...
2026-05-25Clarification - Financial ReThe Exchange has sought clarification from WE WIN LIMITED for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligat...
2026-05-18General UpdatesDeath of Mrs. Pushpa Gupta, Promoter Group under Regulation 30 and 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-05-15Board meeting outcomeWE WIN LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-15General UpdatesGrant of Stock Options under We Win Limited ESOP 2025
2026-05-08Disclosure under SEBI TakeovAbhishek Gupta has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-04-10Price movementSignificant movement in price has been observed in WE WIN LIMITED. The Exchange, in order to ensure that investors have latest relevant information ab...
2026-04-09Price movementSignificant movement in price has been observed in WE WIN LIMITED. The Exchange, in order to ensure that investors have latest relevant information ab...
2026-04-06Structural Digital DatabaseCompliance Certificate for the quarter ended 31st March 2026
2026-04-01UpdatesCompliance as per Regulation 57(5) of SEBI (LODR) Regulations, 2015 for the Quarter ended on 31st March 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of We Win Ltd?

We Win Ltd (WEWIN) has a market capitalisation of Rs 48.3 Cr. at the 2026-10-01 close.

What is the P/E ratio of We Win Ltd?

We Win Ltd trades at a P/E of 10.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were We Win Ltd's latest quarterly results?

In the Mar 2026 quarter, We Win Ltd sales was Rs 31 Cr (+51.7% vs Mar 2025) and net profit was Rs 1 Cr.

What is the 52-week high and low of We Win Ltd?

The 52-week high is Rs 78.00 and the 52-week low is Rs 35.38.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03