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WE WIN LIMITED (WEWIN)

₹52.00 +0.97% last close, 16 Oct

📊 NSE: WEWIN 🏢 Computers - Software - Medium / Small 📢 Latest filing: 08 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, WE WIN's revenue was ₹23.6 Cr (+15.8% year on year, -23.5% on the previous quarter), and net profit ₹0.5 Cr (-21.7% year on year); the operating margin was 4.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹23.6	+15.8%	-23.5%
Operating profit	₹1.2	-26.8%	-19.8%
Net profit	₹0.5	-21.7%	-51.3%
EPS (₹)	0.69	+19.0%	-25.8%
Operating margin	4.9%	—	—

Full quarterly financials → Results calendar →

WEWIN delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 100.0% of the WEWIN shares traded on NSE were taken to delivery, against the stock's own 20-session average of 90.97%. That is close to its usual level. Turnover was under ₹1 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal. It closed at a price band (circuit) on 1 session in about the last 20.

100.0%Delivery, 16 Oct

90.97%Own 20-session average

0.2×Volume vs its average

₹52.00NSE close · +0.97%

Delivery in the last 5 sessions: 95.2% · 40.6% · 96.7% · 98.8% · 100.0%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

WE WIN LIMITED Submits Dematerialisation Certificate for Quarter Ended September 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 08 Oct 2026, 12:32 PM

We Win Limited has submitted its confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, on October 3, 2026. It confirms that share certificates received for dematerialisation during the period were duly verified, mutilated, cancelled, and depositories were substituted as the registered owners. This is a standard quarterly compliance filing with zero impact on operational or financial metrics.

Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
Covers the operational quarter ended September 30, 2026
Issued by RTA MUFG Intime India Private Limited on October 3, 2026
Confirmed that securities dematerialised were listed and physical certificates were cancelled within prescribed timelines

💡 This is a routine administrative filing. Investors should await upcoming Q2 FY2026-27 financial results for fundamental business performance updates.

Transmission of 1.70% Promoter Stake (1,72,300 Shares) Completed to Nominee Sitaram Gupta

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Sep 2026, 01:05 PM

We Win Limited has informed the exchanges that the transmission of 1,72,300 equity shares (1.70% of total paid-up equity share capital) held by the late Mrs. Pushpa Gupta has been completed. The shares have been transmitted and registered in the name of her nominee, Mr. Sitaram Gupta, following her demise on May 16, 2026. Consequent to this transmission, Mr. Sitaram Gupta has been classified as a member of the Promoter Group under SEBI LODR regulations. The overall promoter holding in the company remains intact and unchanged by this internal transmission.

Transmission of 1,72,300 equity shares completed in favor of nominee Mr. Sitaram Gupta
Transmitted stake represents 1.70% of the company's total paid-up equity share capital
Follows the demise of promoter group member Mrs. Pushpa Gupta on May 16, 2026
Mr. Sitaram Gupta will be formally classified under the Promoter Group in regulatory filings

💡 Track the upcoming quarterly shareholding patterns to confirm updated promoter group classifications; no business or financial action is required.

We Win Clarifies No Consolidated Results Needed Following Associate Divestment

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Sep 2026, 03:15 PM

We Win Limited responded to an NSE clarification regarding the non-submission of consolidated financial results for the quarter ended June 30, 2026. The company stated that during Q4 FY26 (quarter ended March 31, 2026), it divested its entire stake in its sole associate, Surevin Weartech Private Limited, which was subsequently struck off. Consequently, as of June 30, 2026, the company had no subsidiaries, associates, or joint ventures, making consolidated financial results inapplicable. For Q1 FY27 (quarter ended June 30, 2026), standalone revenue from operations was Rs 23.55 cr with a net profit of Rs 0.46 cr.

Clarified that associate Surevin Weartech Private Limited was divested in Q4 FY26 and struck off on March 31, 2026
Confirmed zero subsidiaries, associates, or joint ventures exist as of June 30, 2026
Q1 FY27 standalone revenue from operations stood at Rs 2,355.01 lakhs (Rs 23.55 cr)
Q1 FY27 profit after tax was Rs 46.22 lakhs (Rs 0.46 cr) vs Rs 59.36 lakhs in Q1 FY26
Granted 2,50,000 ESOP options during the quarter at an exercise price of Rs 10 per share

💡 Track subsequent exchange acknowledgement to ensure the regulatory clarification is formally closed with no further compliance queries.

We Win Limited Convenes 19th AGM on Sept 25, 2026; Recommends No Dividend for FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Aug 2026, 02:18 PM

We Win Limited has issued the notice for its 19th Annual General Meeting (AGM) scheduled for September 25, 2026. The key agenda items include the adoption of FY26 financial statements, the appointment of M/s Sandeep Mukherjee & Associates as Statutory Auditors for 5 years at a remuneration of ₹1,70,000 per year, and noting disclosures on its ESOP 2025 scheme. The Board has confirmed no dividend recommendation for the financial year ended March 31, 2026. The record/cut-off date for e-voting eligibility is September 18, 2026.

19th Annual General Meeting scheduled for Friday, September 25, 2026, at 11:00 AM in Bhopal
Proposed appointment of Statutory Auditors M/s Sandeep Mukherjee & Associates for 5 years at ₹1,70,000/year
Board did not recommend any dividend for the financial year ended March 31, 2026
Noting disclosures and in-principle exchange approvals for We Win Limited Employee Stock Option Scheme 2025
Share transfer books and register of members closed from September 19 to September 25, 2026

💡 Shareholders eligible as of the cut-off date (September 18, 2026) may participate in e-voting on the proposed ordinary and special resolutions.

We Win Appoints Sandeep Mukherjee & Associates as Statutory Auditor for 5-Year Term; AGM on Sept 25

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 29 Aug 2026, 02:12 PM

We Win Limited announced the outcome of its Board Meeting held on August 29, 2026. The Board approved the appointment of M/s Sandeep Mukherjee & Associates, Chartered Accountants, as Statutory Auditors for a term of 5 consecutive years (from the 19th AGM to the 24th AGM, 2026-2031). Additionally, the company scheduled its 19th Annual General Meeting for September 25, 2026, with the record cut-off date set as September 18, 2026. The Board also approved the annual report for the financial year ended March 31, 2026.

Appointed M/s Sandeep Mukherjee & Associates as Statutory Auditors for a 5-year tenure (2026-2031)
Scheduled 19th Annual General Meeting (AGM) for September 25, 2026 at 11:00 AM in Bhopal
Set the cut-off date for AGM e-voting eligibility as September 18, 2026
Book closure fixed from September 19, 2026 to September 25, 2026 (both days inclusive)

💡 Track voting resolutions and discussions at the upcoming Annual General Meeting on September 25, 2026, alongside upcoming Q2 FY27 operational performance.

WEWIN Q1 FY27: Revenue Grows 15.8% YoY to ₹23.55 Cr; PAT Declines 22% on High Labor Costs

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 05:02 PM

We Win Limited reported a 15.8% YoY increase in revenue to ₹23.55 Cr for Q1 FY27, though performance weakened sequentially with a 23.5% revenue drop from Q4 FY26. Profitability remains constrained by high labor dependency, with employee benefit expenses consuming 85.7% of total revenue. Consequently, Net Profit fell 22% YoY to ₹0.46 Cr. The company continues to rely heavily on Section 80JJAA tax incentives, resulting in zero current tax provision for the quarter.

Revenue from operations increased 15.8% YoY to ₹23.55 Cr from ₹20.34 Cr in the previous year.
Net Profit declined 22% YoY to ₹46.22 lakhs, impacted by rising employee costs which reached ₹20.18 Cr.
Software Services segment showed high efficiency, contributing ₹1.21 Cr in profit on just ₹1.81 Cr revenue (66.6% margin).
Core Call Center segment operated at near-break-even with a segment profit of only ₹5.53 lakhs on ₹21.74 Cr revenue.
Granted 2,50,000 ESOPs at an exercise price of ₹10 per option, significantly below the current market price of ₹47.3.

💡 Investors should monitor the growth of the high-margin Software Services segment as a counter to the low-margin, labor-intensive BPO business. Watch for any changes in Section 80JJAA tax eligibility, as the company's net profitability is currently dependent on these deductions.

WE WIN LIMITED Submits Quarterly Compliance Certificate for June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 11:33 AM

WE WIN LIMITED has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed, cancelled, and substituted in the register of members within prescribed timelines. This filing is a standard administrative requirement for listed companies and does not reflect any change in business operations or financial performance. The certificate was issued by the company's Registrar and Share Transfer Agent, MUFG Intime India Pvt. Ltd.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation provided by Registrar MUFG Intime India Pvt. Ltd. on July 1, 2026
Filing submitted to exchanges on July 7, 2026
Confirms dematerialization requests were processed within prescribed SEBI timelines

💡 No action is required as this is a routine regulatory filing. Investors should monitor the company's upcoming quarterly financial results for material performance updates.

We Win Limited Reports 100% Compliance in Structured Digital Database for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 01 Jul 2026, 12:05 PM

We Win Limited has submitted its compliance certificate for the Structured Digital Database (SDD) for the quarter ended June 30, 2026. The company confirmed that 1 event involving Unpublished Price Sensitive Information (UPSI) was captured during the period, in full compliance with SEBI (Prohibition of Insider Trading) Regulations. The database is maintained internally with a non-tamperable audit trail capable of storing records for 8 years. No instances of non-compliance were reported for the quarter.

1 event of UPSI was required to be captured and was successfully recorded during the quarter
Compliance maintained under Regulation 3(5) and 3(6) of SEBI (PIT) Regulations, 2015
System maintains a non-tamperable audit trail for a period of 8 years
Zero non-compliance issues or remedial actions reported for the previous quarter

💡 This is a routine administrative filing; investors should focus on the upcoming Q1 FY27 financial results to understand the nature of the material event captured in the database.

We Win Limited Confirms Nil Payment Obligations on Non-Convertible Securities for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Jul 2026, 12:00 PM

We Win Limited has submitted its quarterly compliance report under Regulation 57(5) of SEBI (LODR) Regulations for the quarter ended June 30, 2026. The filing confirms that the company has not issued any Non-Convertible Securities (NCDs or Bonds). Consequently, there were no interest or principal payment obligations or defaults during the period. This is a standard administrative disclosure confirming the absence of public debt instruments in the company's capital structure.

Confirmed zero issuance of Non-Convertible Securities for the quarter ended June 30, 2026
Reported nil unpaid interest or principal obligations for the period
Company maintains a low debt profile with total debt at ₹3 Cr against a net worth of ₹31 Cr
Compliance filing completed on July 1, 2026, immediately following the quarter end

💡 No action required as this is a procedural filing. Investors should focus on the upcoming Q1 FY27 earnings to track if the 5.58% net profit margin is sustained amidst high labor costs.

We Win Limited confirms zero debt obligations for upcoming quarter (July-Sept 2026)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Jun 2026, 12:31 PM

We Win Limited has submitted a regulatory filing under Regulation 57(4) of SEBI (LODR) Regulations, 2015. The company confirmed that there are no non-convertible securities for which interest, dividend, or principal obligations are payable during the upcoming quarter starting July 2026. This aligns with the company's low debt profile, with total debt standing at just ₹3 Cr against a net worth of ₹31 Cr.

Zero interest or principal obligations for non-convertible securities in the upcoming quarter
Filing submitted on June 27, 2026, in compliance with SEBI LODR requirements
Company maintains a low Debt-to-Equity ratio of 0.11
Previous reports indicate a 45.8% reduction in long-term borrowings (₹127.31 lakhs)

💡 Investors should focus on operational efficiency and wage cost management, as employee costs represent 83.19% of revenue, rather than debt-related risks.

We Win Limited Secures ₹8.70 Crore Order from MPRDC for Traffic Management Systems

🟢 POSITIVE ⭐ 7/10

OTHER 📅 23 Jun 2026, 01:01 PM

We Win Limited has been awarded a significant work order by the Madhya Pradesh Road Development Corporation (MPRDC) to enhance accident response and traffic management capabilities. The contract is valued at ₹8,69,97,600 (exclusive of GST) for an initial duration of three years. This domestic project includes a provision for a two-year extension based on performance and mutual agreement. The win strengthens the company's presence in the government infrastructure technology services sector.

Total contract value of ₹8.70 Crore (excluding GST) over a 3-year execution period
Awarded by Madhya Pradesh Road Development Corporation (MPRDC), a Government of M.P. Undertaking
Project involves enhancing capabilities of Accident Response Systems and Traffic Management Centres
Contract is extendable for an additional 2 years beyond the initial 3-year term
The order provides revenue visibility and strengthens the company's domestic service portfolio

💡 Investors should view this as a positive development for revenue visibility over the next three years. Monitor the company's ability to execute and potentially secure the two-year extension to maximize long-term value.

We Win Limited to Close Trading Window from July 1, 2026, for Q1 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 22 Jun 2026, 12:23 PM

We Win Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q1 financial result declaration for the period ending June 30, 2026. The trading window will remain closed until 48 hours after the results are made public. The specific date for the Board Meeting to approve these results will be communicated at a later date.

Trading window closure commences on Wednesday, July 1, 2026.
Restriction applies to Promoters, Directors, Key Managerial Personnel, and Designated Persons.
Window will reopen 48 hours after the announcement of unaudited financial results for the quarter ended June 30, 2026.
The Board Meeting date for result consideration is yet to be announced.

💡 No immediate action is required as this is a standard regulatory procedure. Investors should monitor future announcements for the specific date of the Q1 earnings release to evaluate company performance.

We Win Ltd FY26 Net Profit Surges 173% to ₹4.50 Cr; Annual Revenue Up 19% YoY

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 19 Jun 2026, 06:28 PM

We Win Limited reported a strong financial performance for the year ended March 31, 2026, with annual revenue from operations growing 19.3% to ₹93.65 crore. The company's full-year net profit witnessed a massive jump of 173%, reaching ₹4.50 crore compared to ₹1.65 crore in FY25, significantly aided by a tax credit. While quarterly revenue for Q4 FY26 grew 51.6% YoY to ₹30.77 crore, quarterly net profit saw a slight dip to ₹94.64 lakhs due to a sharp rise in other expenses.

Annual Revenue from operations increased to ₹9,365.27 lakhs in FY26 from ₹7,849.19 lakhs in FY25.
Full-year Net Profit after Tax (PAT) surged 173% YoY to ₹450.18 lakhs.
Quarterly revenue for Q4 FY26 rose 51.6% YoY to ₹3,077.27 lakhs compared to ₹2,029.12 lakhs in Q4 FY25.
Other expenses for Q4 FY26 spiked to ₹1,065.19 lakhs from ₹218.92 lakhs in the previous year's corresponding quarter.
The company successfully addressed NSE clarifications regarding segment reporting and comparative financial formats.

💡 Investors should monitor the company's ability to sustain its high revenue growth while managing the spike in 'Other Expenses' seen in the final quarter. The significant annual profit growth is a strong positive, though the tax credit impact on the bottom line should be noted for long-term valuation.

We Win Limited Reports Demise of Promoter Group Member Holding 1.70% Stake

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 18 May 2026, 02:27 PM

We Win Limited has informed the exchanges regarding the passing of Mrs. Pushpa Gupta, a member of the promoter group, on May 16, 2026. She held 1,72,300 equity shares, representing a 1.70% stake in the company. Following her demise, she will cease to be part of the promoter group in accordance with SEBI Regulation 31A(6)(c). The company has initiated the process for the transmission of her shareholding to a nominee, and the shares will remain in her name until this process is concluded.

Death of Mrs. Pushpa Gupta, a member of the Promoter Group, occurred on May 16, 2026.
The deceased held 1,72,300 equity shares, equivalent to a 1.70% stake in the company.
She will be removed from the promoter group classification as per SEBI LODR Regulations.
Shareholding will be transmitted to a nominee; no change in business operations is expected.

💡 This is a routine regulatory disclosure with no impact on the company's fundamentals. Investors should monitor the shareholding pattern for any future changes following the transmission of shares.

We Win Ltd FY26 Net Profit Jumps 173% to ₹4.50 Cr; Revenue Up 19% YoY

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 15 May 2026, 05:53 PM

We Win Limited reported a strong financial performance for the fiscal year ended March 31, 2026, with annual revenue growing 19.3% to ₹93.65 crore. Net Profit after Tax saw a significant surge of 173%, reaching ₹4.50 crore compared to ₹1.65 crore in the previous fiscal year. While the company faced a comprehensive loss in Q4 FY26 due to remeasurement of employee benefits, the overall annual trajectory remains robust. Additionally, the company significantly strengthened its balance sheet by reducing short-term borrowings by approximately 75%.

Annual Revenue from operations increased to ₹9,365.27 lakhs in FY26 from ₹7,849.19 lakhs in FY25.
Net Profit after Tax for the full year surged to ₹450.18 lakhs, a 173% increase over the previous year's ₹164.89 lakhs.
Short-term borrowings were drastically reduced to ₹232.88 lakhs from ₹962.05 lakhs, indicating improved liquidity.
Earnings Per Share (EPS) for FY26 improved to ₹2.82 from ₹1.85 in FY25.
Total Comprehensive Income for FY26 stood at ₹286.07 lakhs after accounting for a ₹131.11 lakh remeasurement loss on employee benefits.

💡 Investors should take note of the impressive triple-digit profit growth and the company's successful effort to deleverage its balance sheet. The stock warrants a positive outlook, though the volatility in comprehensive income due to employee benefit adjustments should be monitored in future quarters.

View All WEWIN Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue from operations for H1 FY26 reached INR 4,110.01 lakhs, representing a growth of 4.76% YoY compared to INR 3,923.28 lakhs in H1 FY25. Segment-specific growth is not disclosed.

Profitability Margins

Net profit margin for H1 FY26 improved significantly to 5.58% (INR 229.57 lakhs) from 2.18% (INR 85.57 lakhs) in H1 FY25. This improvement was largely driven by a reversal of prior period tax provisions and Section 80JJAA deductions.

EBITDA Margin

EBITDA margin for H1 FY26 was approximately 6.59% (INR 270.82 lakhs), a decrease from 7.95% (INR 311.82 lakhs) in H1 FY25, primarily due to an 7.8% increase in employee benefit expenses.

Capital Expenditure

Capital expenditure on fixed assets, including advances, was INR 129.82 lakhs for H1 FY26, compared to a significant investment of INR 1,013.87 lakhs in the full year FY25.

Credit Rating & Borrowing

Borrowing costs significantly decreased as finance costs dropped from INR 61.19 lakhs in H1 FY25 to a net credit of INR 1.23 lakhs in H1 FY26, following a 45.8% reduction in long-term borrowings.

⚙️ Operational Drivers

Raw Materials

Human Capital/Labor (83.19% of total revenue), IT Infrastructure, and Telecommunication services.

Raw Material Costs

Employee benefit expenses, the primary operational cost, rose to INR 3,419.29 lakhs in H1 FY26, up 7.8% YoY from INR 3,171.80 lakhs, representing 83.19% of total revenue.

📈 Strategic Growth

Expected Growth Rate

4.76%

Growth Strategy

Growth is targeted through operational scaling in the BPO/ITeS sector, leveraging tax efficiencies under Section 80JJAA, and reducing debt to improve net profitability. The company has reduced long-term borrowings by INR 127.31 lakhs (45.8%) in six months to strengthen the balance sheet.

Products & Services

Business Process Outsourcing (BPO) services, customer support, and IT-enabled services.

Brand Portfolio

We Win Limited.

🌍 External Factors

Industry Trends

The BPO and ITeS industry is evolving towards higher automation, though We Win remains heavily labor-dependent with employee costs growing faster than revenue (7.8% vs 4.76%).

Competitive Landscape

Operates in a highly fragmented and competitive BPO/ITeS market in India.

Competitive Moat

The company's moat is based on cost leadership through tax incentives (Section 80JJAA) and a reduced debt profile, though sustainability is challenged by rising labor costs.

Macro Economic Sensitivity

Highly sensitive to labor market conditions and employment-related tax legislation in India.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with labor laws and IT-enabled service regulations is critical for maintaining operational licenses and tax benefits.

Taxation Policy Impact

The company benefits from Section 80JJAA of the Income Tax Act, which resulted in a reversal of prior period tax provisions of INR 84.95 lakhs in H1 FY26.

Legal Contingencies

The company has no pending litigations having a material impact on its financial position as of March 31, 2025.

⚠️ Risk Analysis

Key Uncertainties

Sustainability of tax benefits and the ability to pass on rising labor costs (83.19% of revenue) to clients.

Geographic Concentration Risk

Operations are primarily based in Bhopal, Madhya Pradesh.

Technology Obsolescence Risk

The company uses accounting software with audit trail features to mitigate digital fraud risks, but broader service automation risks are not detailed.