We Win Ltd. (WEWIN) AI Stock Analysis

• Market Cap: ₹447.08M
• Dividend Yield: N/A
• Average Volume (3M): 9.34K
• Price to Earnings (P/E): 14.2
• Beta (1Y): 1.11
• Revenue Growth: 7.09%
• EPS Growth: 24.77%
• Country: IN
• Employees: 267
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Information Technology Services
• EPS (TTM): 1.76
• Shares Outstanding: 10,161,000
• 10 Day Avg. Volume: 15,979
• 30 Day Avg. Volume: 9,343
• PEG Ratio: -0.65
• Price to Book (P/B): 1.24
• Price to Sales (P/S): 0.45
• P/FCF Ratio: -4.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹48.00 ▲(2.56% Upside)

The overall stock score of 69 reflects strong financial performance with robust revenue growth and operational efficiency. However, challenges in profitability and cash flow management, along with bearish technical indicators, slightly dampen the outlook. The stock's reasonable valuation supports its attractiveness in the market.

Positive Factors

Consistent Revenue Growth

Sustained top-line growth and a notable revenue increase year-over-year indicate expanding client demand and successful execution of B2B contracts and subscription services. This durable revenue base supports reinvestment in product development and scaling over the next 2-6 months.

Healthy Gross Margin / Operational Efficiency

A persistent healthy gross margin and stable EBIT/EBITDA margins reflect durable cost control and operating leverage in core services. Such margin stability supports ongoing profitability under normal business conditions and funds operational priorities without relying solely on revenue growth.

Strong Equity Base

A favorable equity ratio provides financial resilience and flexibility for strategic investments or cyclical downturns. Strong shareholder equity underpins capital allocation capacity and reduces immediate insolvency risk, enabling sustained investment in R&D and service expansion.

Negative Factors

Rising Leverage

An increasing debt-to-equity ratio signals rising financial leverage that can constrain flexibility. Higher interest and principal obligations may pressure cash flow and elevate refinancing risk, reducing the company's ability to invest opportunistically or withstand revenue volatility.

Negative Free Cash Flow

Negative free cash flow driven by large capex means the business is consuming cash to fund growth or upgrades. Over a multi-month horizon this can necessitate external funding or higher leverage, impairing financial flexibility and limiting the ability to build reserves or return capital to shareholders.

Declining Net Profit Margin

A falling net margin despite stable gross and EBITDA margins points to rising non-operating costs, SG&A, or interest expense. This erosion of bottom-line profitability can weaken return on equity and cash conversion, making long-term earnings quality more uncertain without cost remediation.

We Win Ltd. Business Overview & Revenue Model

Company Description

We Win Limited provides customer relationship management services in India. The company offers inbound and outbound call center; back office and customer care support; sales call center; telemarketing sale; lead generation; and e-commerce management services. It serves start up, government, and private sector companies. The company was incorporated in 2007 and is based in Bhopal, India.

How the Company Makes Money

We Win Ltd. generates revenue primarily through its service offerings, including software development contracts, subscription fees for its data analytics platform, and project-based digital marketing services. The company operates on a B2B model, partnering with businesses to develop tailored software solutions that meet their specific needs. Key revenue streams include recurring income from subscription-based services, one-time payments for bespoke software projects, and ongoing contracts for digital marketing campaigns. Significant partnerships with tech firms and industry leaders enhance WEWIN's market presence and facilitate access to a broader client base, contributing positively to its earnings.

We Win Ltd. Financial Statement Overview

Summary

We Win Ltd. shows strong revenue growth and operational efficiency, but faces challenges in profitability and cash flow management. The company maintains a solid equity position, yet increased leverage could pose risks.

Income Statement

We Win Ltd. has demonstrated consistent revenue growth over the years, with a notable increase in total revenue from 2024 to 2025. The gross profit margin remains healthy, indicating effective cost management. However, the net profit margin has decreased, suggesting rising expenses or other operational challenges. EBIT and EBITDA margins are stable, reflecting operational efficiency.

Balance Sheet

The balance sheet shows a strong equity base, with a favorable equity ratio indicating financial stability. However, the debt-to-equity ratio has increased, suggesting a higher reliance on debt financing. Return on equity has decreased, pointing to potential inefficiencies in generating returns from equity investments.

Cash Flow

Operating cash flow remains positive, but free cash flow has turned negative due to significant capital expenditures. The free cash flow to net income ratio is concerning, indicating challenges in converting profits into cash. The operating cash flow to net income ratio is satisfactory, showing reasonable cash generation from operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	802.97M	784.92M	650.43M	487.88M	415.74M	360.18M
Gross Profit	129.55M	151.99M	117.99M	130.70M	120.74M	113.23M
EBITDA	72.35M	61.59M	63.90M	50.82M	45.67M	33.28M
Net Income	15.60M	16.49M	24.96M	24.08M	21.39M	11.20M
Balance Sheet
Total Assets	0.00	519.26M	514.06M	383.56M	276.04M	286.77M
Cash, Cash Equivalents and Short-Term Investments	51.95M	51.95M	117.60M	49.22M	70.49M	82.79M
Total Debt	0.00	123.96M	123.85M	80.86M	6.85M	33.91M
Total Liabilities	-283.31M	235.95M	249.51M	146.29M	64.81M	98.48M
Stockholders Equity	283.31M	283.31M	264.56M	237.27M	211.24M	188.28M
Cash Flow
Free Cash Flow	0.00	-74.63M	115.82M	-5.88M	-1.31M	18.91M
Operating Cash Flow	0.00	26.75M	143.20M	14.83M	6.27M	24.86M
Investing Cash Flow	0.00	-56.44M	-95.06M	-51.81M	-12.43M	-5.48M
Financing Cash Flow	0.00	-35.95M	20.23M	15.71M	-6.14M	-5.12M

We Win Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 46.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WEWIN, the sentiment is Neutral. The current price of 46.8 is above the 20-day moving average (MA) of 43.70, above the 50-day MA of 45.48, and below the 200-day MA of 48.53, indicating a neutral trend. The MACD of -0.39 indicates Negative momentum. The RSI at 48.88 is Neutral, neither overbought nor oversold. The STOCH value of 53.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:WEWIN.

We Win Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WEWIN	69 Neutral	₹447.08M	14.22	―	―	7.09%	24.77%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
AMBICAAGAR	52 Neutral	₹409.85M	81.72	―	―	21.19%	-91.47%
LAXMICOT	47 Neutral	₹231.49M	5.84	―	―	12.55%	―
SUPERSPIN	46 Neutral	₹430.10M	-2.71	―	―	-9.14%	-16.81%
SVPGLOB	46 Neutral	₹455.40M	-0.05	―	―	-85.84%	-93.11%