AWFIS Space Solutions Ltd

AWFIS Space Solutions Ltd

₹ 546 -0.47%
21 Nov - close price
About

Incorporated in December 2014, Awfis Space Solutions Limited is a workspace solution provider in India.[1]Awfis Space Solutions provides a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customised office spaces for startups, small and medium enterprises as well as for large corporates and multi-national corporations. ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, and Emkay Global Financial Services Limited are the book-running lead managers to the public issue.

Key Points

Leading Workspace Provider[1]
Awfis Space Solutions is India’s largest and fastest-growing flexible workspace solutions platform. As of 31 March 2025, the company operated 208 centers with 134,000+ operational seats. Including centers under fit-out and those with signed Letters of Intent (LoIs), the footprint expanded to 243 centers with ~164,000 seats across 8.4 million square feet (msft) of area. Awfis is present across 58 micro-markets in 18 cities, covering 9 Tier 1 and 9 Tier 2 cities.

  • Market Cap 3,898 Cr.
  • Current Price 546
  • High / Low 808 / 538
  • Stock P/E 79.9
  • Book Value 69.2
  • Dividend Yield 0.00 %
  • ROCE 12.7 %
  • ROE 24.8 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 22.7% CAGR over last 5 years

Cons

  • Stock is trading at 7.89 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -3.30%
  • Promoter holding is low: 17.0%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
160 187 208 220 232 257 291 316 338 333 365
112 137 148 153 165 179 192 210 223 208 234
Operating Profit 48 51 60 67 67 78 99 107 115 125 131
OPM % 30% 27% 29% 31% 29% 30% 34% 34% 34% 38% 36%
5 5 7 5 9 10 34 15 20 18 26
Interest 21 21 23 25 24 28 30 35 43 46 47
Depreciation 46 43 48 54 51 58 65 72 81 88 95
Profit before tax -14 -8 -4 -6 1 2 38 15 11 9 15
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-14 -8 -4 -6 1 2 38 15 11 9 15
EPS in Rs 0.29 5.37 2.05 1.60 1.25 2.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
154 226 178 257 545 847 1,203 1,353
187 223 125 189 388 601 799 875
Operating Profit -33 3 53 68 158 245 404 478
OPM % -22% 2% 30% 27% 29% 29% 34% 35%
7 -9 38 22 19 25 74 79
Interest 5 9 47 49 73 93 136 171
Depreciation 31 54 87 98 150 196 276 336
Profit before tax -62 -68 -43 -57 -46 -18 66 50
Tax % 0% 0% 0% 0% 0% 0% 0%
-62 -68 -43 -57 -46 -18 66 50
EPS in Rs 9.24 7.00
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 40%
3 Years: 67%
TTM: 35%
Compounded Profit Growth
10 Years: %
5 Years: 23%
3 Years: 41%
TTM: 361%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -20%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 30 30 30 30 30 19 71 72
Reserves -67 -112 -19 65 -55 -113 386 423
139 248 142 12 695 1,079 1,413 1,451
94 111 355 453 261 411 635 749
Total Liabilities 197 277 509 560 931 1,396 2,505 2,694
66 96 300 340 653 916 1,580 1,645
CWIP 4 1 0 9 1 9 18 6
Investments 32 58 42 17 1 2 2 2
95 121 166 194 277 470 905 1,041
Total Assets 197 277 509 560 931 1,396 2,505 2,694

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-11 -8 68 83 181 230 362
-38 -110 -46 -7 -157 -163 -203
62 113 -19 -80 -28 -65 -124
Net Cash Flow 12 -5 3 -4 -3 2 35

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 9 9 31 54 32 33 37
Inventory Days 4
Days Payable 359
Cash Conversion Cycle 9 9 31 -301 32 33 37
Working Capital Days -110 -76 4 -160 -107 -68 -90
ROCE % -37% -0% -7% 7% 9% 13%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
28.56% 28.24% 20.44% 20.40% 20.31% 17.01%
22.54% 20.66% 21.07% 19.33% 21.45% 25.04%
13.54% 20.81% 29.37% 33.97% 37.63% 41.18%
35.36% 30.28% 29.12% 26.29% 20.62% 16.77%
No. of Shareholders 22,98036,58938,91039,12242,51545,114

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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