We Win Limited (WEWIN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-142.7%

-₹19.87

vs ₹46.50 price

Levered DCF

₹251.34

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	13.12×	24.29×	29.81×	17.2×	23.86×	12.38×	8.95×	6.12×
P/B	1.88×	1.24×	2.51×	1.74×	2.42×	0.73×	1.13×	2.28×
P/S	0.63×	0.45×	1.02×	0.85×	1.23×	0.38×	0.5×	0.77×
EV / EBITDA	9.21×	6.86×	10.49×	8.74×	10.85×	2.77×	2.93×	3.02×
Gross margin	24.6%	19.4%	18.1%	26.8%	29.0%	31.4%	32.3%	35.8%
Operating margin	3.4%	20.6%	5.7%	7.1%	7.8%	7.1%	9.7%	18.0%
Net margin	4.8%	2.1%	3.8%	4.9%	5.1%	3.1%	5.6%	12.5%
Current ratio	1.89×	1.57×	1.78×	2.53×	4.44×	2.94×	2.91×	2.83×
Debt / equity	0.11×	0.44×	0.47×	0.34×	0.03×	0.18×	0.22×	0.23×
Interest coverage	6.9×	11.43×	2.97×	10.61×	5.81×	5.2×	8.2×	16.98×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.5%	5.8%	9.4%	10.1%	10.1%	5.9%	12.6%	37.2%
Return on invested capital	8.3%	22.6%	7.2%	7.5%	11.1%	7.8%	10.1%	31.1%
Return on assets	8.4%	3.2%	4.9%	6.3%	7.7%	3.9%	8.3%	22.2%
Free cash flow yield	16.6%	-21.3%	17.4%	-1.4%	-0.3%	13.7%	18.2%	7.8%
Earnings yield	7.7%	4.7%	3.8%	5.8%	4.2%	8.1%	11.2%	16.3%
Enterprise value	₹536.2M	₹422.7M	₹670.2M	₹444.2M	₹448M	₹89.5M	₹169M	₹322M
Net debt / EBITDA	-0.84×	1.17×	0.1×	0.62×	-1.54×	-1.51×	-0.52×	-0.22×
Cash conversion cycle (days)	49	83	77	163	130	104	95	78