What is Workmates Core2 revenue growth outlook?

Workmates Core2 operates in the IT - Software sector and has a current market cap of ₹568 Cr and P/E ratio of 34.71. For detailed revenue growth insights derived from the latest earnings call, visit the Workmates Core2 analysis page on Arthneeti AI.

What is Workmates Core2 current stock price?

Workmates Core2 current market price is ₹440.05. The stock trades at a P/E ratio of 34.71 with a market capitalisation of ₹568 Cr.

How does Arthneeti AI analyse Workmates Core2?

Arthneeti AI uses natural language processing to analyse Workmates Core2's earnings call transcripts and extract key insights on revenue growth, margins, capex plans, and fundraising activity. The analysis covers management commentary, forward guidance, and competitive positioning within the IT - Software sector.

Workmates Core2cloud Solution Q1 FY27 Share Price & Earnings Call Analysis

₹440.05+2.96% today

Market cap: ₹568 Cr
P/E: 34.71
ROE: 29.26%
PEG: 0.34
Price to sales: 3.95
Debt to equity: 0.00
52W high / low: ₹487 / ₹277
Sales growth (5Y): 102.58%
EBITDA margin: 15.66%
Net profit margin: 11.40%
Promoter holding: 72.03%
Sales (last year): ₹144 Cr

All 12 ratios ↓

Founded in 2018, Workmates Core2Cloud Solution Limited, is an AWS Premier Consulting Partner known for scalable and innovative cloud solutions across India.[1]

Guidance scorecard · Q1 FY27 call

What Workmates Core2's management guided
and where it ranks in IT - Software

#1of 38 in
IT - Software

Revenue40%+MarginsUp 2%+CapexPlanned FundraisingWhat management said Order bookRising

RevenueQ4 FY26 call

40%+

FY27 revenue target is INR 210 crore, a 45%+ growth over FY26 (INR 143 crore).
Assured contracted revenue of INR 160 crore per annum already secured.
Additional pipeline visibility of around INR 30 crore, aiming to close INR 19-20 crore incremental new business in next 10 months.
Growth driven by enterprise account expansion, AI and data practice build-out, managed services scale, and security practice expansion.
AI expected to be a meaningful contributor from FY27 and primary growth engine from FY28 onwards.
Global expansion planned via light sales office models in regions like the US and Singapore, funded by initial revenues in those markets.

2 more points from Workmates Core2's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Up 2%+

FY27 revenue target: INR 210 crore, representing 45%+ growth over FY26 INR 143 crore
PAT (Profit After Tax) guidance for FY27: Around INR 24-25 crore, maintaining similar PAT margin (~11-12%)
AI expected as primary growth engine from FY28 onwards, contributing meaningfully from FY27
Global expansion (US/Singapore offices) could further improve PAT margins due to increased scale

2 more points from Workmates Core2's call on margins

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See what Workmates Core2 said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned

The company plans a light model for global expansion, avoiding traditional high-cost office setups.
Global operations (e.g., US, UK, Singapore) will initially rely on fractional consultants and partners to acquire business, minimizing upfront capital expenditure.
Delivery of services will continue primarily from existing Indian centers (Kolkata, Bhubaneswar, Hyderabad), leveraging current infrastructure.
Investment focus is on augmenting human capital with selective hires (experienced business heads) to lead enterprise acquisitions, impacting manpower costs rather than heavy capital assets.

The company has invested in AI practice, skill sets, certifications, and product development (e.g., IntelliOps platform), representing strategic investment in intellectual property and capabilities rather than large physical CAPEX.
Potential future investments in overseas offices may increase costs but will be funded by revenue from those regions, aiming for operational and financial leverage rather than heavy upfront capital.

2 more points from Workmates Core2's call on capex

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Full Q4 FY26 analysis

FundraisingQ4 FY26 call

The company has recently completed an IPO, which has strengthened its market presence and credibility.
Expansion plans including opening offices globally (US, UK, Singapore) will be financed through a light model approach using fractional consultants and partners to keep acquisition costs low; future revenue and profits from these regions are expected to…
Emphasis is on organic growth and revenue-based funding.
Management appears confident about meeting revenue targets without mentioning the need for additional capital infusion at this point.

See what Workmates Core2 said on fundraising — free account, 30 seconds.

Full Q4 FY26 analysis

Order bookQ4 FY26 call

Rising

Assured contracted revenue stands at approximately INR 160 crore.
Clear visibility of ongoing deals amounts to around INR 190.56 crore (INR 91.56 crore for H1 and INR 99 crore for H2).
Additional new business worth approximately INR 19-20 crore needs to be acquired over the next 10 months to meet the INR 210 crore revenue target for FY27.
INR 80 crore contracted recurring revenue is locked in for H1.

Full Q4 FY26 analysis

Full IT - Software ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Software
on management's own guidance

Strong growth
2
This stockWorkmates Core2Strong growth
1
CapitalNumbersGood growth
3

See all potential multibaggers All IT - Software rankings

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

Peers

IT - Software companies ranked on guidance

#	Company	Revenue guided	Margin guided	Market cap	P/E
1	Workmates Core2This stock	40%+	Up 2%+	₹552 Cr	33.7
2		40%+	Flat	₹327 Cr	7.1
3	CapitalNumbers	20–40%	Up 2%+	₹180 Cr	9.2
4		20–40%	Up 2%+	₹142 Cr	10.2
5		20–40%	Up 0–2%	₹1,703 Cr	26.6
6		20–40%	Flat	₹4,000 Cr	78.1

Pro shows every company guiding 40%+ revenue growth →Full IT - Software ranking

Financials of Workmates Core2

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

Financials of Workmates Core2

Quarterly Results

Quarter-by-quarter operating performance

No quarterly results data available for this company yet.

Financials of Workmates Core2

Profit & Loss

Annual income statement trend

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	13	29	53	108	144
Expenses +	11	26	46	89	122
Operating Profit	2	3	7	18	22
OPM %	14%	9%	14%	17%	15%
Other Income +	0	0	0	1	1
Interest	0	0	0	0	1
Depreciation	0	0	0	0	1
Profit before tax	2	3	7	19	21
Tax %	25%	27%	28%	26%	26%
Net Profit +	1	2	5	14	16
EPS in Rs	1,250.00	1,860.00	5,350.00	13,930.00	12.32
Dividend Payout %	0%	0%	0%	0%	0%

Financials of Workmates Core2

Balance Sheet

Capital structure and asset base

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.01	0.01	0.01	0.01	13
Reserves	2	4	9	23	75
Borrowings +	0	0	0	9	0
Other Liabilities +	3	8	16	30	19
Total Liabilities	5	11	25	62	108
Fixed Assets +	0	0	0	1	11
CWIP	0	0	0	10	0
Investments	0	0	0	0	0
Other Assets +	5	11	24	51	97
Total Assets	5	11	25	62	108

Financials of Workmates Core2

Cash Flows

Operating, investing and financing cash movement

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	2	2	10	5	-0
Cash from Investing Activity +	-0	-0	-4	-15	-1
Cash from Financing Activity +	0	0	0	9	38
Net Cash Flow	2	2	6	-1	37
Free Cash Flow	2	2	9	-6	-1
CFO/OP	153%	166%	165%	55%	25%

Financials of Workmates Core2

Ratios

Working capital efficiency and return ratios

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	42	52	37	84	74
Inventory Days					0
Days Payable
Cash Conversion Cycle	42	52	37	84	74
Working Capital Days	-10	-8	-34	11	59
ROCE %		94%	119%	92%	37%

What Workmates Core2's management said in earlier quarters

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Q2 FY27 revenue: ₹64,543 lakhs . Key investor presentation takeaways from Happiest Minds Technologies Ltd's Q2 FY27 investor presentation — and how it ranks aga
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Workmates Core2cloud Solution Q1 FY27 Share Price & Earnings Call Analysis

What Workmates Core2's management guided and where it ranks in IT - Software

RevenueQ4 FY26 call

MarginsQ4 FY26 call

CapexQ4 FY26 call

FundraisingQ4 FY26 call

Order bookQ4 FY26 call

Potential multibaggers in IT - Software on management's own guidance

Build your portfolio from the top-ranked stocks

IT - Software companies ranked on guidance

Financials of Workmates Core2

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Continue your research

What Workmates Core2's management said in earlier quarters

Others in IT - Software this season

What Workmates Core2's management guided
and where it ranks in IT - Software

Potential multibaggers in IT - Software
on management's own guidance

Build your portfolio
from the top-ranked stocks