Workmates Core2
BSE: WORKMATES · Computers - Software & Consulting
Snapshot
Unlock Workmates Core2's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Workmates Core2 Cloud Services Limited is an Indian IT firm specialising in cloud migration, infrastructure management, and data analytics. It provides digital transformation services and managed IT support to sectors including retail, manufacturing, and financial services.
Business Model
The company operates as a managed service provider, leveraging strategic alliances with global technology partners like AWS to deliver scalable cloud-based solutions. It maintains a lean operational model focused on cloud-native application development and enterprise resource planning integration.
- Partnership Status:AWS Advanced Tier Services Partner
Management Commentary
Management is focused on scaling technical capabilities and expanding into new geographic markets following the company's listing on the NSE Emerge platform.
Growth Outlook
Growth is driven by the increasing demand for cloud-native application development and enterprise resource planning integration. The company intends to utilise proceeds from its public listing to enhance its technical infrastructure and market reach.
Key Risks
- Technological Obsolescence. Rapid changes in cloud computing and software development standards may render existing service offerings less competitive.
- Dependency on Strategic Partners. The company's reliance on global technology providers like AWS creates a risk if partnership terms or service availability are adversely altered.
- Talent Retention. The highly competitive IT sector in India poses a risk to maintaining the specialised workforce required for high-end cloud consulting and security services.
- Market Expansion Execution. Scaling operations into new geographic markets involves significant execution risk and potential pressure on profit margins.
Price
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Peers · Computers - Software & Consulting
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Workmates Core2WORKMATES | 404 | — | — | — | 15.0% | — | — | — |
Mindteck (India)MINDTECK | 523 | 20.89 | 12.43 | -4.0% | 11.8% | 11.6% | 14.3% | -6.5% |
XT Global Infot.XTGLOBAL | 400 | 33.54 | 15.28 | 57.5% | 7.3% | 7.8% | 9.4% | -16.9% |
Trejhara SolutioTREJHARA | 384 | 36.11 | 13.52 | 316.8% | 13.3% | 3.6% | 4.7% | -41.2% |
Covance SoftsolCOVANCE | 379 | 13.52 | 7.01 | — | 36.1% | 31.1% | 29.1% | +1046.5% |
Softtech EngineeSOFTTECH | 357 | 115.08 | 15.51 | 39.5% | 28.6% | 3.1% | 7.1% | +7.0% |
As of Mar 2026
Financials
Workmates Core2
BSE: WORKMATES · Computers - Software & Consulting
Snapshot
Unlock Workmates Core2's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Workmates Core2 Cloud Services Limited is an Indian IT firm specialising in cloud migration, infrastructure management, and data analytics. It provides digital transformation services and managed IT support to sectors including retail, manufacturing, and financial services.
Business Model
The company operates as a managed service provider, leveraging strategic alliances with global technology partners like AWS to deliver scalable cloud-based solutions. It maintains a lean operational model focused on cloud-native application development and enterprise resource planning integration.
- Partnership Status:AWS Advanced Tier Services Partner
Management Commentary
Management is focused on scaling technical capabilities and expanding into new geographic markets following the company's listing on the NSE Emerge platform.
Growth Outlook
Growth is driven by the increasing demand for cloud-native application development and enterprise resource planning integration. The company intends to utilise proceeds from its public listing to enhance its technical infrastructure and market reach.
Key Risks
- Technological Obsolescence. Rapid changes in cloud computing and software development standards may render existing service offerings less competitive.
- Dependency on Strategic Partners. The company's reliance on global technology providers like AWS creates a risk if partnership terms or service availability are adversely altered.
- Talent Retention. The highly competitive IT sector in India poses a risk to maintaining the specialised workforce required for high-end cloud consulting and security services.
- Market Expansion Execution. Scaling operations into new geographic markets involves significant execution risk and potential pressure on profit margins.
Price
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Unlock AI insights, financials, peers and live data on Workmates Core2 and 5,000+ companies — free.
Peers · Computers - Software & Consulting
As of Mar 2026