We Win Ltd. (WEWIN) AI Stock Analysis

• Market Cap: ₹406.54M
• Dividend Yield: N/A
• Average Volume (3M): 9.34K
• Price to Earnings (P/E): 9.9
• Beta (1Y): 1.04
• Revenue Growth: 7.09%
• EPS Growth: 24.77%
• Country: IN
• Employees: 267
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Information Technology Services
• EPS (TTM): 1.15
• 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: ₹44.00 ▼(-5.98% Downside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 02/28/26

The score is primarily driven by solid but mixed financial performance (growth and operating efficiency offset by weaker profitability, higher leverage, and negative free cash flow). Valuation is supportive due to a low P/E, while technicals are neutral with short-term strength but a longer-term downtrend and negative MACD.

Positive Factors

Consistent revenue growth

Sustained top-line growth demonstrates durable demand and expanding market traction. Over a 2–6 month horizon this supports predictable cash generation potential and provides management flexibility to reinvest in products or sales channels, reducing execution risk versus volatile peers.

Stable EBIT/EBITDA margins

Consistent operating margins indicate effective cost control and scalable operations. This stability supports long-term profitability even if net items fluctuate, enabling sustainable operating cash flows and preserving the economics of the core business across business cycles.

Strong equity base

A healthy equity ratio provides financial resilience and capacity to absorb shocks without immediate refinancing. This structural strength improves access to capital on reasonable terms and underpins long-term investment capacity and creditor confidence.

Negative Factors

Rising leverage

Increasing leverage raises fixed interest obligations and reduces financial flexibility. Over months this can strain earnings sensitivity to slower revenue or margin compression, limit ability to invest organically, and elevate refinancing or covenant risks if cash flows weaken.

Negative free cash flow

Negative FCF driven by heavy capex limits internal funding for operations, dividends, or debt reduction. Persistent negative FCF typically requires external funding, increasing cost of capital and execution risk until investments start generating incremental operating cash.

Declining net profit margin

A falling net margin and reduced ROE point to issues converting operating performance into bottom-line returns. Structural margin erosion can weaken shareholder returns and constrain reinvestment ability unless management arrests cost or revenue quality declines.

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. Financial Statement Overview

Summary

Revenue growth and stable EBIT/EBITDA margins support results, but weakening net margin, rising leverage (higher debt-to-equity), lower ROE, and negative free cash flow due to heavy capex reduce overall financial strength.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	806.59M	784.92M	650.43M	487.88M	415.74M	360.18M
Gross Profit	95.13M	151.99M	117.99M	130.70M	120.74M	113.23M
EBITDA	71.21M	61.59M	63.90M	50.82M	45.67M	33.28M
Net Income	31.68M	16.49M	24.96M	24.08M	21.39M	11.20M
Balance Sheet
Total Assets	515.45M	519.26M	514.06M	383.56M	276.04M	286.77M
Cash, Cash Equivalents and Short-Term Investments	51.99M	51.95M	117.60M	49.22M	70.49M	82.79M
Total Debt	92.09M	123.96M	123.85M	80.86M	6.85M	33.91M
Total Liabilities	209.00M	235.95M	249.51M	146.29M	64.81M	98.48M
Stockholders Equity	306.44M	283.31M	264.56M	237.27M	211.24M	188.28M
Cash Flow
Free Cash Flow	-17.84M	-74.63M	115.82M	-5.88M	-1.31M	18.91M
Operating Cash Flow	-4.86M	26.75M	143.20M	14.83M	6.27M	24.86M
Investing Cash Flow	-1.61M	-56.44M	-95.06M	-51.81M	-12.43M	-5.48M
Financing Cash Flow	-5.39M	-35.95M	20.23M	15.71M	-6.14M	-5.12M

We Win Ltd. Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WEWIN, the sentiment is Negative. The current price of 46.8 is above the 20-day moving average (MA) of 42.04, above the 50-day MA of 43.40, and below the 200-day MA of 48.56, indicating a bearish trend. The MACD of -0.62 indicates Positive momentum. The RSI at 42.14 is Neutral, neither overbought nor oversold. The STOCH value of 18.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	₹406.54M	9.94	―	―	7.09%	24.77%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
AMBICAAGAR	52 Neutral	₹403.67M	19.54	―	―	21.19%	-91.47%
LAXMICOT	46 Neutral	₹217.43M	-5.49	―	―	12.55%	―
SUPERSPIN	46 Neutral	₹275.00M	9.82	―	―	-9.14%	-16.81%
SVPGLOB	39 Underperform	₹331.43M	-0.22	―	―	-85.84%	-93.11%