We Win Q2 FY27 Share Price & Earnings Call Analysis

₹47.43+5.14% today
Market cap
₹48 Cr
P/E
10.72
ROE
15.10%
PEG
0.46
Price to sales
0.52
Debt to equity
0.11
52W high / low
₹73.2 / ₹37.0
Sales growth (5Y)
20.98%
EBITDA margin
6.21%
Net profit margin
4.79%
Promoter holding
70.96%
Sales (last year)
₹94 Cr

Incorporated in 2007, We Win Ltd (formerly Surevin BPO Services Limited) is a BPO company

Potential multibaggers · Q2 FY27

Potential multibaggers in Commercial Services & Supplies
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Commercial Services & Supplies companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,211 Cr145.7
240%+Up 2%+₹39 Cr6.2
340%+Flat₹500 Cr36.0
440%+Flat₹102 Cr10.4
520–40%Up 2%+₹3,079 Cr36.3
620–40%Up 0–2%₹44 Cr3.9

Financials of We Win Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

We Win Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +70.80%70.80%70.80%70.80%70.80%70.90%70.90%70.90%70.90%70.96%70.96%70.96%
Public +29.20%29.20%29.21%29.20%29.20%29.10%29.11%29.11%29.10%29.05%29.05%29.04%
No. of Shareholders3,5293,5403,3803,2473,3003,3053,4513,3243,7293,5793,7843,679

Financials of We Win Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +13.6014.0014.9616.7119.3818.8320.4019.2720.2920.3420.7621.7830.77
YoY Sales growth+21.53%+31.11%+36.30%+42.50%+34.50%+36.36%+15.32%+4.70%+8.02%+1.76%+13.03%+51.65%
Expenses +11.8912.6614.0315.1817.5317.2419.0618.6117.4918.7519.9019.8629.32
Operating Profit1.711.340.931.531.851.591.340.662.801.590.861.921.45
OPM %12.57%9.57%6.22%9.16%9.55%8.44%6.57%3.43%13.80%7.82%4.14%8.82%4.71%
Other Income +0.140.070.150.350.160.070.120.220.520.140.120.120.51
Interest0.170.190.460.350.250.230.380.340.460.35-0.360.190.29
Depreciation0.470.340.400.680.540.530.820.860.860.560.630.690.73
Profit before tax1.210.880.220.851.220.900.26-0.322.000.820.711.160.94
Tax %27.27%26.14%59.09%12.94%21.31%26.67%26.92%-9.38%45.50%26.83%-150.70%-0.86%-1.06%
Net Profit +0.870.650.100.760.920.670.19-0.291.080.591.791.170.91
EPS in Rs0.860.640.100.750.910.660.19-0.291.060.581.761.150.90

Financials of We Win Ltd

Profit & Loss

Annual income statement trend

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +17.7145.0740.0336.1441.6148.7965.0478.4993.65
Sales growth+154.49%-11.18%-9.72%+15.14%+17.26%+33.31%+20.68%+19.31%
Expenses +14.5134.6734.4333.1737.4244.0359.4072.0987.83
Operating Profit3.2010.405.602.974.194.765.646.405.82
OPM %18.07%23.08%13.99%8.22%10.07%9.76%8.67%8.15%6.21%
Other Income +0.080.310.280.360.660.320.750.920.89
Interest0.620.550.480.490.560.331.241.410.47
Depreciation1.002.271.691.211.061.341.953.062.61
Profit before tax1.667.893.711.633.233.413.202.853.63
Tax %36.14%28.77%41.78%29.45%34.98%29.62%22.81%42.11%-23.97%
Net Profit +1.065.622.231.122.142.402.441.654.49
EPS in Rs1.045.512.191.102.112.362.401.624.42
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Financials of We Win Ltd

Balance Sheet

Capital structure and asset base

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3.393.393.393.3910.1610.1610.1610.1610.16
Reserves6.1611.7914.2115.4410.9613.5716.2918.1720.97
Borrowings +5.982.623.843.400.688.0912.3812.403.37
Other Liabilities +4.898.085.296.455.816.5412.5811.2019.02
Total Liabilities20.4225.8826.7328.6827.6138.3651.4151.9353.52
Fixed Assets +4.293.382.802.282.063.024.1611.4411.10
CWIP0.000.000.000.140.823.197.600.814.49
Investments0.020.040.100.070.110.100.070.070.00
Other Assets +16.1122.4623.8326.1924.6232.0539.5839.6137.93
Total Assets20.4225.8826.7328.6827.6138.3651.4151.9353.52

Financials of We Win Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1.894.024.402.440.631.4814.322.684.86
Cash from Investing Activity +-4.73-1.57-1.27-0.55-1.24-5.18-9.51-5.64-1.47
Cash from Financing Activity +6.13-0.69-2.13-0.46-0.611.572.02-3.60-0.30
Net Cash Flow3.291.751.001.43-1.23-2.136.84-6.563.09
Free Cash Flow-2.122.713.581.84-0.13-0.5911.60-7.402.70
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit73%62%99%99%35%51%271%55%84%

Financials of We Win Ltd

Ratios

Working capital efficiency and return ratios

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days127.3759.6172.31103.1286.58137.1388.4485.9460.49
Inventory Days
Days Payable
Cash Conversion Cycle127.3759.6172.31103.1286.58137.1388.4485.9460.49
Working Capital Days62.2450.7863.3773.5389.2193.7417.7328.9727.71
ROCE %50.89%21.66%9.71%17.22%13.95%12.57%10.71%10.90%

What We Win Ltd's management said in earlier quarters

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