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 ₹ 5,550 Cr.
- Current Price ₹ 486
- High / Low ₹ 505 / 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.
Peer comparison
Services Services Commercial Services & Supplies Diversified Commercial Services
Part of BSE IPO
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
-
General Updates
4m - Update - Machine Readable Form / Legible copy of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025 approved in Board …
-
Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
1d - Sold stake in Cleanmax; holding reduced from 24.82% to 9.08%; consideration INR 99,07,807 on Aug 21, 2025.
-
Intimation Under Regulation 30 Of SEBI (LODR) Regulation, 2015
25 Aug - Supreme Court dismissed Infrastructure Watchdog's August 25, 2025 appeal against SAT regarding company's IPO.
-
Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
21 Aug - Stake in Cleanmax reduced 24.82%→9.08%; consideration INR 99,07,807; buyer Clean Max Enviro; 21 Aug 2025.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19 Aug - Disclsoure under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015 - Transcript
Concalls
-
Aug 2025Transcript PPT
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.