SMARTWORKS COWORKING SPACES LIMITED
₹478.55-₹6.70 (-1.4%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹5,428 Cr
- EV / EBITDA
- 11.9x
- Revenue
- ₹1,340 Cr
- Net margin
- -4.5%
- ROCE
- 18.9%
Price chart
Technical chartScreen technicals →-16.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -8.1%
- 3M
- +1.4%
- 6M
- +10.3%
- 1Y
- -16.1%
- 5Y
- +4.4%
52-week range
Day change -₹6.70 (-1.4%) from ₹485 to ₹479 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in SMARTWORKS, bought on each weekday since 2025.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 32.5%
Concerns1
- High leverage — debt-to-equity of 63.63
Rule-based from financial data. Not advice.
About the company
Smartworks Coworking Spaces Limited owns, operates, and leases co-working spaces in India. The company operates and maintains serviced office spaces, meeting and training rooms, virtual offices, and other ancillary services. It also provides maintenance and house-keeping services to commercial properties and business houses; and software booking application for meeting room management and booking, visitor management system, and attendance management system. The company was incorporated in 2015 and is headquartered in Gurugram, India.
- Sector
- Construction & Real Estate
- Shares outstanding
- 11.4 Cr shares
- ISIN
- INE0NAZ01010
- BSE code
- 544447
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹5,428 Cr
- P/B
- 10.6x
- EV / EBITDA
- 11.9x
- EV / Sales
- 8.4x
- P/S
- 5.2x
- 52-week high
- ₹607.70
- 52-week low
- ₹366.95
Profitability
- Operating margin
- 63.7%
- Net margin
- -4.5%
- EBITDA margin
- 70.9%
- ROE
- -87.0%
- ROCE
- 18.9%
- ROA
- -1.1%
- Dividend payout
- 0.0%
- Tax rate
- -26.0%
- Other income, % of PBT
- -117.2%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,340 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 29.1%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 32.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹736 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 60.7%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 31.9%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹750 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 41.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹26.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -7.2%
Solvency and efficiency
- Current ratio
- 1.03
- Debt / Equity
- 63.63
- Debt / Assets
- 0.83
- Debt / EBITDA
- 4.67
- Interest coverage
- 2.02
- Financial leverage
- 76.85
- CFO / Net profit
- -15.96
- Cash / Market cap
- 12.3%
- Cash per share
- ₹58.46
- Asset turnover
- 0.25
- Fixed asset turnover
- 0.30
- Capital intensity
- 3.28
- Debtor days
- 5 days
- Cash conversion cycle
- 5 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹1,340 Cr |
| Expenses | ₹506 Cr |
| Operating profit | ₹834 Cr |
| Other income | ₹37 Cr |
| Interest | ₹334 Cr |
| Depreciation | ₹615 Cr |
| Profit before tax | -₹78 Cr |
| Tax and other | -₹16 Cr |
| Net profit | -₹62 Cr |
Revenue and net profit
Revenue grew 29.1% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹280 Cr | -₹54 Cr |
| FY2022 | ₹360 Cr | -₹70 Cr |
| FY2023 | ₹710 Cr | -₹100 Cr |
| FY2024 | ₹1,038 Cr | -₹47 Cr |
| FY2025 | ₹1,340 Cr | -₹62 Cr |
Cash flows
FY2025: ₹903 Cr from operations, ₹628 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹153 Cr | ₹112 Cr |
| FY2022 | ₹214 Cr | ₹121 Cr |
| FY2023 | ₹529 Cr | ₹225 Cr |
| FY2024 | ₹750 Cr | ₹552 Cr |
| FY2025 | ₹903 Cr | ₹628 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,340 Cr+29.1%1Y
- Net profit
- -₹62 Cr
- Cash from operations
- ₹903 Cr
- Free cash flow
- ₹628 Cr+13.8%1Y
- Revenue CAGR, 5Y
- 32.5%
- EBITDA CAGR, 5Y
- 38.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,340 Cr | ₹834 Cr | — | -₹62 Cr | ₹903 Cr | ₹628 Cr | -54.9% | +29.1% | +31.9% |
Monthly returns
Month-by-month returns of SMARTWORKS across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹4,628 Cr |
| Equity capital | ₹103 Cr |
| Reserves | ₹10 Cr |
| Borrowings | ₹3,721 Cr |
| Other liabilities | ₹794 Cr |
| Assets | ₹4,628 Cr |
| Fixed assets | ₹3,739 Cr |
| Capital work in progress | ₹135 Cr |
| Investments | ₹30 Cr |
| Other assets | ₹724 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
Most of this group is loss-making, so EV / Sales is compared for the companies without a P/E.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| SMARTWORKS COWORKING SPACES LIMITEDSMARTWORKSthis company | ₹5,428 Cr | — | 10.6x | -87.0% | 11.9x |
| GANESH HOUSING LIMITEDGANESHHOU | ₹6,395 Cr | 30.0x | 4.2x | 22.3% | 16.9x |
| Keystone Realtors LimitedRUSTOMJEE | ₹6,272 Cr | 68.0x | 2.4x | 6.8% | 35.1x |
| Sunteck Realty LtdSUNTECK | ₹6,192 Cr | 59.8x | 2.5x | 4.1% | 32.9x |
| VALOR ESTATE LIMITEDDBREALTY | ₹5,887 Cr | — | 1.3x | 13.9% | 6.4x |
| Puravankara LimitedPURVA | ₹5,468 Cr | — | 3.9x | 2.0% | 22.9x |
| TARC LIMITEDTARC | ₹5,156 Cr | — | 4.7x | 1.0% | 78.4x |
| MAN INFRACONSTRUCTION LIMITEDMANINFRA | ₹4,787 Cr | 27.6x | 2.3x | 14.5% | 16.1x |
| INDIQUBE SPACES LIMITEDINDIQUBE | ₹4,313 Cr | — | 7.8x | -264.7% | 27.6x |
| Peer median | — | 55.8x | 3.7x | 6.8% | 32.9x |
Year-to-date ROI
SMARTWORKS since 1 January, against earlier years.
Historical volatility
SMARTWORKS's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 59.0% |
| FY2022 | 58.0% |
| FY2023 | 60.0% |
| FY2024 | 64.0% |
| FY2025 | 62.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,340 Cr |
| Costs | |
| Interest | ₹334 Cr |
| Expenses | ₹506 Cr |
| Operating profitOperating Profit | ₹834 Cr |
| Other income and charges | |
| Profit before tax | -₹78 Cr |
| Tax | |
| Net profitNet Profit | -₹62 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹4,628 Cr |
| Equity capitalEquity Capital | ₹103 Cr |
| Reserves | ₹10 Cr |
| Borrowings | ₹3,721 Cr |
| Other liabilitiesOther Liabilities | ₹794 Cr |
| AssetsTotal Assets | ₹4,628 Cr |
| Fixed assetsFixed Assets | ₹3,739 Cr |
| Capital work in progressCWIP | ₹135 Cr |
| Investments | ₹30 Cr |
| Other assetsOther Assets | ₹724 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹903 Cr |
| Investing cash flowCash from Investing Activity | -₹275 Cr |
| Financing cash flowCash from Financing Activity | -₹624 Cr |
| Change in cashNet Cash Flow | ₹4 Cr |
Learn while you research
Academy chapters picked for SMARTWORKS COWORKING SPACES LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Growth Investing29% revenue growth is in the top tier, learn how to value growth.7 min read
- 04 Leverage RatiosDebt/Equity of 63.63 is elevated, understand what that means for solvency.6 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read