We Win Ltd
Incorporated in 2007, We Win Ltd (formerly Surevin BPO Services Limited) is a BPO company
- Market Cap ₹ 70.9 Cr.
- Current Price ₹ 69.8
- High / Low ₹ 98.9 / 37.6
- Stock P/E 45.2
- Book Value ₹ 27.9
- Dividend Yield 0.00 %
- ROCE 10.7 %
- ROE 6.02 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 46.8 days to 29.0 days
Cons
- Stock is trading at 2.49 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.66% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|
17.71 | 45.07 | 40.03 | 36.14 | 41.61 | 48.79 | 65.04 | 78.49 | 80.30 | |
14.51 | 34.67 | 34.43 | 33.17 | 37.42 | 44.03 | 59.40 | 72.09 | 73.91 | |
Operating Profit | 3.20 | 10.40 | 5.60 | 2.97 | 4.19 | 4.76 | 5.64 | 6.40 | 6.39 |
OPM % | 18.07% | 23.08% | 13.99% | 8.22% | 10.07% | 9.76% | 8.67% | 8.15% | 7.96% |
0.08 | 0.31 | 0.28 | 0.36 | 0.66 | 0.32 | 0.75 | 0.92 | 1.00 | |
Interest | 0.62 | 0.55 | 0.48 | 0.49 | 0.56 | 0.33 | 1.24 | 1.41 | 1.53 |
Depreciation | 1.00 | 2.27 | 1.69 | 1.21 | 1.06 | 1.34 | 1.95 | 3.06 | 3.10 |
Profit before tax | 1.66 | 7.89 | 3.71 | 1.63 | 3.23 | 3.41 | 3.20 | 2.85 | 2.76 |
Tax % | 36.14% | 28.77% | 41.78% | 29.45% | 34.98% | 29.62% | 22.81% | 42.11% | |
1.06 | 5.62 | 2.23 | 1.12 | 2.14 | 2.40 | 2.44 | 1.65 | 1.57 | |
EPS in Rs | 1.04 | 5.51 | 2.19 | 1.10 | 2.11 | 2.36 | 2.40 | 1.62 | 1.54 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 24% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -6% |
3 Years: | -8% |
TTM: | -36% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 33% |
3 Years: | 16% |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 9% |
Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 3.39 | 3.39 | 3.39 | 3.39 | 10.16 | 10.16 | 10.16 | 10.16 |
Reserves | 6.16 | 11.79 | 14.21 | 15.44 | 10.96 | 13.57 | 16.29 | 18.17 |
5.98 | 2.62 | 3.84 | 3.40 | 0.68 | 8.09 | 12.38 | 12.40 | |
4.89 | 8.08 | 5.29 | 6.45 | 5.81 | 6.54 | 12.58 | 11.20 | |
Total Liabilities | 20.42 | 25.88 | 26.73 | 28.68 | 27.61 | 38.36 | 51.41 | 51.93 |
4.29 | 3.38 | 2.80 | 2.28 | 2.06 | 3.02 | 4.16 | 11.44 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.14 | 0.82 | 3.19 | 7.60 | 0.81 |
Investments | 0.02 | 0.04 | 0.10 | 0.07 | 0.11 | 0.10 | 0.07 | 0.07 |
16.11 | 22.46 | 23.83 | 26.19 | 24.62 | 32.05 | 39.58 | 39.61 | |
Total Assets | 20.42 | 25.88 | 26.73 | 28.68 | 27.61 | 38.36 | 51.41 | 51.93 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
1.89 | 4.02 | 4.40 | 2.44 | 0.63 | 1.48 | 14.32 | 2.68 | |
-4.73 | -1.57 | -1.27 | -0.55 | -1.24 | -5.18 | -9.51 | -5.64 | |
6.13 | -0.69 | -2.13 | -0.46 | -0.61 | 1.57 | 2.02 | -3.60 | |
Net Cash Flow | 3.29 | 1.75 | 1.00 | 1.43 | -1.23 | -2.13 | 6.84 | -6.56 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 127.37 | 59.61 | 72.31 | 103.12 | 86.58 | 137.13 | 88.44 | 85.94 |
Inventory Days | ||||||||
Days Payable | ||||||||
Cash Conversion Cycle | 127.37 | 59.61 | 72.31 | 103.12 | 86.58 | 137.13 | 88.44 | 85.94 |
Working Capital Days | 62.24 | 50.78 | 63.37 | 73.53 | 89.21 | 93.74 | 17.73 | 28.97 |
ROCE % | 50.89% | 21.66% | 9.71% | 17.22% | 13.95% | 12.57% | 10.71% |
Documents
Announcements
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Clarification On Price Movement
11 Oct - No reportable information in response to Exchange query on significant price/volume movement (Oct 10, 2025).
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Clarification sought from We Win Ltd
10 Oct - Exchange has sought clarification from We Win Ltd on October 10, 2025 with reference to significant movement in price, in order to ensure that investors …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Oct - Certificate under SEBI Reg 74(5) confirming demat status for quarter ended 30-09-2025.
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Compliance-57 (5) : intimation after the end of quarter
1 Oct - Company confirms no non-convertible securities and no interest/principal due or unpaid for quarter ended 30 September 2025.
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Compliance-57 (4) : Prior intimation to the beginning of the quarter
27 Sep - SEBI Reg 57(4) notice: No non-convertible security payments payable this quarter. Dated 27 Sep 2025.
Business Overview:[1]
Company does business of Customer Relationship Management (CRM) Services including call centers and support center services. Company is world’s biggest Non Emergency integrated grievance provider. It provides Next Generation Citizen Experience,
Contact Centre & Digital Transformation services in 8 major states of India by delivering B2B third party customer service in 20 languages to 100+ different businesses in India