Workmates Core2Cloud Solution Limited is a cloud and digital transformation company offering end-to-end AWS-aligned services. It earns revenue from cloud migration, modernization, AI, analytics, cybersecurity, and managed services. The company operates on a B2B model, helping enterprises optimize IT infrastructure and enhance business agility through scalable cloud-based solutions.

The Company is led by Promoter, i.e., DEBASISH SARKAR, KAMAL NATH, ANIRBAN DASGUPTA, ANINDYA SEN, PRAJNASHREE MOHAPATRA, SHILPA MOHTA, ANJALI AWASTHI AND
BASANTA KUMAR RANA.

The Revenues from operations for the Period ended on Aug 31, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were â‚¹ 5,955.31 Lakhs, ₹  10,838.65 Lakhs, â‚¹  5,352.94 Lakhs, and ₹  2,913.88 Lakhs, The EBITDA for the Period ended on Aug 31, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were â‚¹ 1,061.95 Lakhs, ₹  1,905.13 Lakhs, â‚¹  769.53 Lakhs, and ₹ 270.45 Lakhs, The Profit after Tax for the Period ended on Aug 31, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were â‚¹ 721.73 Lakhs, ₹  1,392.70 Lakhs, â‚¹  534.85 Lakhs, and ₹  185.84 Lakhs, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of â‚¹  13.91 and post-issue EPS of ₹ 10.78 for FY25. The pre-issue P/E ratio is  14.67x, while the post-issue P/E ratio is 18.92x against the Industry P/E ratio is 45x. The company's ROE for FY25 is 67.44% and RoNW is 60.85%%. The Annualised EPS is ₹  13.41x and P/E is 15.21x. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Workmates Core2Cloud Solution showing listing gains of 12.75 %.Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Workmates Core2Cloud Solution Limited IPO for Listing gain or Long Term Purposes.