Smartworks Coworking Spaces Ltd
Incorporated in 2015, Smartworks Coworking Spaces Limited is engaged in the business of customized managed workspace solutions, offering fully serviced, tech-enabled office environments.[1]
- Market Cap ₹ 5,249 Cr.
- Current Price ₹ 460
- High / Low ₹ 469 / 435
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 6.96 %
- ROE -75.4 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -105% over last 3 years.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 254 | 280 | 360 | 710 | 1,038 | 1,340 | |
| 119 | 113 | 154 | 285 | 377 | 506 | |
| Operating Profit | 135 | 166 | 206 | 425 | 661 | 834 |
| OPM % | 53% | 59% | 57% | 60% | 64% | 62% |
| 8 | 30 | 34 | 33 | 75 | 37 | |
| Interest | 70 | 97 | 122 | 237 | 328 | 334 |
| Depreciation | 103 | 172 | 212 | 356 | 471 | 615 |
| Profit before tax | -31 | -72 | -94 | -135 | -64 | -78 |
| Tax % | -28% | -25% | -26% | -26% | -26% | -20% |
| -22 | -54 | -70 | -100 | -47 | -62 | |
| EPS in Rs | -2.90 | -7.02 | -9.03 | -12.84 | -5.95 | -5.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 55% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| TTM: | -34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -60% |
| 3 Years: | -105% |
| Last Year: | -75% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 77 | 77 | 77 | 78 | 79 | 103 |
| Reserves | 161 | 107 | 37 | -45 | -25 | 10 |
| 61 | 134 | 248 | 3,913 | 3,436 | 3,721 | |
| 1,060 | 1,175 | 2,498 | 526 | 660 | 794 | |
| Total Liabilities | 1,359 | 1,494 | 2,860 | 4,472 | 4,150 | 4,628 |
| 1,066 | 1,174 | 2,328 | 3,724 | 3,404 | 3,739 | |
| CWIP | 21 | 13 | 87 | 42 | 66 | 135 |
| Investments | 114 | 0 | 0 | 0 | 11 | 30 |
| 158 | 307 | 445 | 705 | 668 | 724 | |
| Total Assets | 1,359 | 1,494 | 2,860 | 4,472 | 4,150 | 4,628 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 114 | 153 | 214 | 529 | 750 | 903 | |
| -219 | -41 | -93 | -304 | -198 | -275 | |
| 113 | -161 | -109 | -171 | -577 | -624 | |
| Net Cash Flow | 9 | -50 | 13 | 54 | -26 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 6 | 9 | 11 | 7 | 5 | 7 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 6 | 9 | 11 | 7 | 5 | 7 |
| Working Capital Days | -189 | -233 | -254 | -77 | -62 | -84 |
| ROCE % | 8% | 8% | 5% | 7% | 7% |
Documents
Announcements
-
Code Of Fair Disclosure
17h - Filing of SEBI-mandated Code for fair disclosure of unpublished price sensitive information.
-
Announcement Under Regulation 30(5) Of SEBI LODR Regulation
18h - Authorization of key managerial personnel for materiality determination and disclosures under SEBI regulations.
- Closure of Trading Window 18h
- Listing of Equity Shares of Smartworks Coworking Spaces Ltd 24h
Business Profile[1]
Smartworks is India’s largest managed office campus operator, offering enterprise-focused, fully serviced office spaces. It operates as an "office experience and managed campus platform", targeting mid-to-large enterprises by leasing large, bare-shell properties and converting them into Smartworks-branded campuses.