Smartworks Coworking Spaces Ltd

Smartworks Coworking Spaces Ltd

₹ 438 1.53%
07 Aug - close price
About

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]

Key Points

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.

  • Market Cap 5,004 Cr.
  • Current Price 438
  • High / Low 469 / 393
  • Stock P/E
  • Book Value
  • Dividend Yield 0.00 %
  • ROCE 6.97 %
  • ROE -82.0 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -112% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
254 280 360 711 1,039 1,374
119 113 151 287 380 517
Operating Profit 135 166 209 424 660 857
OPM % 53% 59% 58% 60% 63% 62%
8 30 31 33 74 36
Interest 70 97 122 237 328 336
Depreciation 103 172 212 356 473 636
Profit before tax -31 -72 -94 -136 -68 -79
Tax % -28% -25% -26% -26% -26% -20%
-22 -54 -70 -101 -50 -63
EPS in Rs -2.90 -7.02 -9.06 -13.01 -6.32 -6.12
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 40%
3 Years: 56%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 1%
TTM: -30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: -61%
3 Years: -112%
Last Year: -82%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 77 77 77 78 79 103
Reserves 161 107 37 -46 -29 5
61 134 2,467 3,913 3,436 3,737
1,060 1,175 279 529 661 806
Total Liabilities 1,359 1,494 2,860 4,474 4,147 4,651
1,066 1,174 2,328 3,724 3,412 3,780
CWIP 21 13 89 52 72 139
Investments 114 0 0 0 11 11
158 307 442 697 652 721
Total Assets 1,359 1,494 2,860 4,474 4,147 4,651

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
114 153 216 532 743 929
-219 -41 -95 -307 -192 -276
113 -161 -114 -171 -577 -638
Net Cash Flow 9 -50 8 55 -26 15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 6 9 10 7 5 7
Inventory Days
Days Payable
Cash Conversion Cycle 6 9 10 7 5 7
Working Capital Days -200 -322 -391 -326 -261 -274
ROCE % 8% 2% 3% 7% 7%

Shareholding Pattern

Numbers in percentages

Jul 2025
58.24%
16.50%
7.37%
17.88%
No. of Shareholders 1,42,977

* 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.

Documents