Smartworks Coworking Spaces Ltd.

523.252.34%

2026-08-21

smartworksoffice.comBSE: 544447NSE: SMARTWORKS
Market Cap₹ 5,727 Cr.
Current Price₹ 511
High / Low₹ 619 / 362
Stock P/E0.0
Book Value₹ 47
Price to Book10.83
Dividend Yield0.00 %
ROCE51.7 %
ROE-75.5 %
Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • India: 97.9% • Others: 2.1%

PROS

  • Company has a healthy return on capital (ROCE) of 41.8%
  • Latest quarter profit grew 328.4% YoY, showing strong momentum
  • Company generates healthy free cash flow

CONS

  • Company is loss-making at the operating / net level
  • Company has a high debt-to-equity of 3.64x
  • Company has a low return on equity of -106.5% over last 3 years
  • Receivables are growing faster than sales - a possible quality concern
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -10.46x)
  • Interest coverage is weak at 0.8x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.PFOCUS279.00187.9921727.790.00-457.78-514.4312668.151196.882.7423.76
2.SAGILITY42.4620.0219876.920.35216.8145.941963.4827.5913.8222.32
3.SYNGENE397.1072.5316029.700.31-9.00-110.38736.00-15.849.4812.34
4.IGIL338.5524.0014630.771.48165.7430.98370.7823.2277.0060.35
5.INDGN564.2533.9113592.860.401162.00898.2810631.001297.3418.9216.39
6.NESCO1032.4517.637274.640.6893.055.00251.6231.0519.2346.86
7.LEAPIND160.55113.457072.810.009.32
8.SPARC193.153.966268.130.00-20.7859.9439.92314.11163.94-85.17
9.SMARTWORKS500.70205.475727.060.0013.15413.27546.2544.0552.2663.33
10.LATENTVIEW276.5029.285721.480.0047.10-6.84286.8821.5516.6919.76
11.JUSTDIAL659.8015.465611.540.00115.7438.44270.2716.2312.8826.17
12.INDIQUBE191.250.004054.450.00-23.8835.03422.6936.6654.5861.15
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2024
309
119
Operating Profit
OPM %
Other Income
10
Interest
85
Depreciation
145
-30
Tax %
26.00%
Net Profit
-22
-2
Equity Capital
83
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
83
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
341
133
Operating Profit
OPM %
Other Income
11
Interest
85
Depreciation
154
-20
Tax %
25.98%
Net Profit
-15
-1
Equity Capital
84
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
84
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
340
130
Operating Profit
OPM %
Other Income
12
Interest
85
Depreciation
161
-24
Tax %
26.00%
Net Profit
-17
-2
Equity Capital
103
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
103
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
349
123
Operating Profit
OPM %
Other Income
4
Interest
79
Depreciation
155
-4
Tax %
-92.12%
Net Profit
-7
-1
Equity Capital
103
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
103
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
365
132
Operating Profit
OPM %
Other Income
9
Interest
80
Depreciation
168
-6
Tax %
25.08%
Net Profit
-4
-0
Equity Capital
103
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
103
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
414
152
Operating Profit
OPM %
Other Income
17
Interest
91
Depreciation
192
-5
Tax %
25.25%
Net Profit
-4
-0
Equity Capital
114
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
114
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
461
164
Operating Profit
OPM %
Other Income
16
Interest
96
Depreciation
217
0
Tax %
25.64%
Net Profit
0
0
Equity Capital
114
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
114
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
507
178
Operating Profit
OPM %
Other Income
13
Interest
94
Depreciation
228
20
Tax %
25.16%
Net Profit
15
1
Equity Capital
114
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
114
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
528
528
Operating Profit
OPM %
Other Income
14
Interest
94
Depreciation
239
14
Tax %
25.17%
Net Profit
10
0
Equity Capital
114
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
114
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022
360
154
Operating Profit
240
OPM %
67
Other Income
34
Interest
122
Depreciation
212
-94
Tax %
26
Net Profit
-70
EPS
-7
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-9
Minority Interest
0
Share of Associates
0
Adjusted EPS
-9
Mar 2023
710
285
Operating Profit
458
OPM %
65
Other Income
33
Interest
237
Depreciation
356
-135
Tax %
26
Net Profit
-100
EPS
-10
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-13
Minority Interest
0
Share of Associates
0
Adjusted EPS
-13
Mar 2024
1,038
377
Operating Profit
736
OPM %
71
Other Income
75
Interest
328
Depreciation
471
-64
Tax %
26
Net Profit
-47
EPS
-6
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-6
Minority Interest
0
Share of Associates
0
Adjusted EPS
-6
Mar 2025
1,340
506
Operating Profit
872
OPM %
65
Other Income
37
Interest
334
Depreciation
615
-78
Tax %
20
Net Profit
-62
EPS
-6
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-6
Minority Interest
0
Share of Associates
0
Adjusted EPS
-6
TTM
1,909
1,023
Operating Profit
OPM %
Other Income
60
Interest
375
Depreciation
875
29
Tax %
25
Net Profit
22
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
55%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
1 Year:
7%

RETURN ON EQUITY

10 Years:
5 Years:
3 Years:
-107%
Last Year:
-75%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

No bonus data found

Mar 2022
Equity Capital
77
37
133
Trade Payables
45
2,503
Total Liabilities
2,795
2,328
Capital Work in Progress
87
0
0
Cash & Bank
102
278
Total Assets
2,795
Total Debt
248
Net Working Capital
-282
Contingent Liabilities
2
Book Value per Share
14.80
Face Value
10.00
Total Debt
248
Net Working Capital
-282
Contingent Liabilities
2
Book Value per Share
14.80
Face Value
10.00
Mar 2023
Equity Capital
78
-45
216
Trade Payables
98
4,026
Total Liabilities
4,372
3,724
Capital Work in Progress
42
0
0
Cash & Bank
214
392
Total Assets
4,372
Total Debt
515
Net Working Capital
-409
Contingent Liabilities
18
Book Value per Share
4.21
Face Value
10.00
Total Debt
515
Net Working Capital
-409
Contingent Liabilities
18
Book Value per Share
4.21
Face Value
10.00
Mar 2024
Equity Capital
79
-25
78
Trade Payables
120
3,782
Total Liabilities
4,034
3,404
Capital Work in Progress
63
11
14
Cash & Bank
52
489
Total Assets
4,034
Total Debt
427
Net Working Capital
-690
Contingent Liabilities
2
Book Value per Share
6.86
Face Value
10.00
Total Debt
427
Net Working Capital
-690
Contingent Liabilities
2
Book Value per Share
6.86
Face Value
10.00
Mar 2025
Equity Capital
103
6
78
Trade Payables
115
4,193
Total Liabilities
4,496
3,739
Capital Work in Progress
135
30
25
Cash & Bank
58
509
Total Assets
4,496
Total Debt
398
Net Working Capital
-953
Contingent Liabilities
1
Book Value per Share
10.60
Face Value
10.00
Total Debt
398
Net Working Capital
-953
Contingent Liabilities
1
Book Value per Share
10.60
Face Value
10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022
214
Cash from Investing
-93
Cash from Financing
-114
8
Free Cash Flow
214
OCF / Net Profit
-3.07
Cumulative 5-Year FCF
0
OCF / Net Profit
-3.07
Cumulative 5-Year FCF
0
Mar 2023
529
Cash from Investing
-304
Cash from Financing
-171
54
Free Cash Flow
-1,248
OCF / Net Profit
-5.30
Cumulative 5-Year FCF
0
OCF / Net Profit
-5.30
Cumulative 5-Year FCF
0
Mar 2024
750
Cash from Investing
-198
Cash from Financing
-577
-26
Free Cash Flow
547
OCF / Net Profit
-15.94
Cumulative 5-Year FCF
0
OCF / Net Profit
-15.94
Cumulative 5-Year FCF
0
Mar 2025
903
Cash from Investing
-275
Cash from Financing
-624
4
Free Cash Flow
-177
OCF / Net Profit
-14.62
Cumulative 5-Year FCF
0
OCF / Net Profit
-14.62
Cumulative 5-Year FCF
0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022
EPS (₹)
-9.03
Book Value (₹)
14.80
Dividend per Share (₹)
0.00
Cash EPS (₹)
18.42
Operating Margin %
66.70%
Net Margin %
-19.36%
ROE %
-61.03%
ROCE %
7.84%
-2.49%
Debtor Days
11
Inventory Days
0
Payable Days
0
11
Debt to Equity (x)
2.17x
Interest Coverage (x)
0.23x
0.41x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
-12.84
Book Value (₹)
4.21
Dividend per Share (₹)
0.00
Cash EPS (₹)
33.00
Operating Margin %
64.52%
Net Margin %
-14.06%
ROE %
-135.81%
ROCE %
22.36%
-2.78%
Debtor Days
6
Inventory Days
0
Payable Days
0
6
Debt to Equity (x)
15.77x
Interest Coverage (x)
0.43x
0.47x
Revenue Growth %
97.01%
Operating Profit Growth %
90.57%
Net Profit Growth %
-43.09%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
-5.95
Book Value (₹)
6.86
Dividend per Share (₹)
0.00
Cash EPS (₹)
53.66
Operating Margin %
63.64%
Net Margin %
-4.53%
ROE %
-108.27%
ROCE %
51.41%
-1.12%
Debtor Days
5
Inventory Days
0
Payable Days
0
5
Debt to Equity (x)
7.89x
Interest Coverage (x)
0.81x
0.28x
Revenue Growth %
46.24%
Operating Profit Growth %
60.67%
Net Profit Growth %
52.88%
53.66%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.62x
Mar 2025
EPS (₹)
-5.98
Book Value (₹)
10.60
Dividend per Share (₹)
0.00
Cash EPS (₹)
53.64
Operating Margin %
62.27%
Net Margin %
-4.61%
ROE %
-75.47%
ROCE %
51.65%
-1.45%
Debtor Days
5
Inventory Days
0
Payable Days
0
5
Debt to Equity (x)
3.64x
Interest Coverage (x)
0.77x
0.20x
Revenue Growth %
29.10%
Operating Profit Growth %
18.48%
Net Profit Growth %
-31.29%
-0.53%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.51x

Shareholding Pattern

Numbers in percentages

TRADES
Jul 2025
58.24
16.50
6.71
Government
0.00
18.56
Sep 2025
58.18
0.93
8.98
Government
0.00
31.92
Dec 2025
58.18
0.33
8.96
Government
0.00
32.53
Mar 2026
58.32
0.16
9.06
Government
0.00
32.46
Jun 2026
58.32
0.28
8.92
Government
0.00
32.48

Documents

Announcements

  • Capacity addition

    2026-08-14 - Smartworks Coworking Spaces Limited has informed the Exchange about Capacity addition

  • Allotment of Securities

    2026-08-14 - Smartworks Coworking Spaces Limited has informed the Exchange regarding allotment of 119000 securities pursuant to ESOP/ESPS

Annual Reports

Credit Ratings

  • Credit Rating

    2026-05-28 - Smartworks Coworking Spaces Limited has informed the Exchange about Credit Rating

Concalls

  • Jul 2026

    TranscriptPPTREC
  • May 2026

    TranscriptPPTREC
  • Apr 2026

    TranscriptPPTREC