WEBSITE BSE:544447 NSE: SMARTWORKS Inc. Year: 2015 Industry: Business Support My Bucket: Add Stock
Last updated: 15:53
Smartworks Coworking Spaces Ltd. is one of largest managed workspace² operators in India with a very differentiated managed campus model focused on mid and larger organizations. Operating in 15 cities, the company designs, builds, and manages fully serviced, tech-enabled office space, managing almost 9 million sq ft² by 2025. Smartworks manages. Unlike traditional coworking operators, Smartworks focuses on long duration leases, providing enterprise-grade infrastructure that can accommodate a variety of company needs. Clients benefit from cust...Read More
Smartworks Coworking Spaces Ltd. is one of largest managed workspace² operators in India with a very differentiated managed campus model focused on mid and larger organizations. Operating in 15 cities, the company designs, builds, and manages fully serviced, tech-enabled office space, managing almost 9 million sq ft² by 2025. Smartworks manages. Unlike traditional coworking operators, Smartworks focuses on long duration leases, providing enterprise-grade infrastructure that can accommodate a variety of company needs. Clients benefit from customized fitouts offered in a basebuild shell, smart security systems, IoT-enabled spaces and an extensive suite of value-added services - which includes wellness zones and retail components. The company has developed its own proprietary technology stack to drive efficient design, operational capabilities in real time, and enhance client experience. Supported by rapid expansion and considerable revenue growth, Smartworks is continuing to develop its footprint while utilizing proceeds from the IPO to fund new centres, fitouts, and debt repayment. Smartworks sits at the intersection of flexible workspace and enterprise demand and is positioning to be a unique player in India\'s fast-developing flexible workspace movement. ...Read Less
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Market Cap ₹4858 Cr.
Stock P/E -76.9
P/B 9.5
Current Price ₹425.2
Book Value ₹ 44.7
Face Value 10
52W High ₹618.3
Dividend Yield 0%
52W Low ₹ 361.5
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Net Sales | 313 | 350 | 352 | 379 | 425 | 472 |
| Other Income | 10 | 10 | 12 | 9 | 16 | 16 |
| Total Income | 323 | 361 | 364 | 388 | 441 | 488 |
| Total Expenditure | 121 | 136 | 134 | 138 | 155 | 167 |
| Operating Profit | 202 | 225 | 230 | 250 | 286 | 322 |
| Interest | 86 | 86 | 85 | 81 | 93 | 97 |
| Depreciation | 147 | 160 | 167 | 174 | 198 | 223 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -31 | -21 | -22 | -6 | -4 | 2 |
| Provision for Tax | -8 | -5 | -6 | -1 | -1 | 0 |
| Profit After Tax | -23 | -16 | -16 | -4 | -3 | 1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -23 | -16 | -16 | -4 | -3 | 1 |
| Adjusted Earnings Per Share | -2.8 | -1.9 | -1.6 | -0.4 | -0.3 | 0.1 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|
| Net Sales | 360 | 711 | 1039 | 1374 | 1628 |
| Other Income | 34 | 33 | 74 | 36 | 53 |
| Total Income | 394 | 744 | 1113 | 1410 | 1681 |
| Total Expenditure | 154 | 287 | 380 | 517 | 594 |
| Operating Profit | 240 | 457 | 733 | 893 | 1088 |
| Interest | 122 | 237 | 328 | 336 | 356 |
| Depreciation | 212 | 356 | 473 | 636 | 762 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -94 | -136 | -68 | -79 | -30 |
| Provision for Tax | -24 | -35 | -18 | -16 | -8 |
| Profit After Tax | -70 | -101 | -50 | -63 | -22 |
| Adjustments | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -70 | -101 | -50 | -63 | -22 |
| Adjusted Earnings Per Share | -9.1 | -13 | -6.3 | -6.1 | -2.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 32% | 56% | 0% | 0% |
| Operating Profit CAGR | 22% | 55% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | -82% | -115% | -101% | -101% |
| ROCE Average | 52% | 42% | 33% | 33% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Shareholder's Funds | 114 | 31 | 50 | 108 |
| Minority's Interest | 0 | 0 | 0 | 0 |
| Borrowings | 115 | 300 | 240 | 216 |
| Other Non-Current Liabilities | 2087 | 3261 | 2785 | 2977 |
| Total Current Liabilities | 479 | 782 | 955 | 1217 |
| Total Liabilities | 2795 | 4374 | 4030 | 4517 |
| Fixed Assets | 2328 | 3724 | 3412 | 3780 |
| Other Non-Current Assets | 272 | 289 | 353 | 482 |
| Total Current Assets | 195 | 360 | 265 | 255 |
| Total Assets | 2795 | 4374 | 4030 | 4517 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | -40 | -32 | 22 | -4 |
| Cash Flow from Operating Activities | 216 | 532 | 743 | 929 |
| Cash Flow from Investing Activities | -95 | -307 | -192 | -276 |
| Cash Flow from Financing Activities | -114 | -171 | -577 | -638 |
| Net Cash Inflow / Outflow | 8 | 55 | -26 | 15 |
| Closing Cash & Cash Equivalent | -32 | 22 | -4 | 11 |
| # | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | -9.06 | -13.01 | -6.32 | -6.12 |
| CEPS(Rs) | 18.4 | 32.85 | 53.51 | 55.51 |
| DPS(Rs) | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 14.78 | 4.02 | 6.3 | 10.07 |
| Core EBITDA Margin(%) | 57.23 | 59.6 | 63.47 | 62.39 |
| EBIT Margin(%) | 7.83 | 14.12 | 25.08 | 18.69 |
| Pre Tax Margin(%) | -26.13 | -19.15 | -6.51 | -5.78 |
| PAT Margin (%) | -19.41 | -14.2 | -4.81 | -4.6 |
| Cash Profit Margin (%) | 39.42 | 35.87 | 40.68 | 41.69 |
| ROA(%) | -2.5 | -2.82 | -1.19 | -1.48 |
| ROE(%) | -61.27 | -139.04 | -123.28 | -82.19 |
| ROCE(%) | 7.8 | 22.11 | 50.91 | 52.26 |
| Receivable days | 9.75 | 6.14 | 4.99 | 5.26 |
| Inventory Days | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 |
| PER(x) | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.62 | 0.53 | 0.44 | 0.31 |
| EV/Core EBITDA(x) | 0.93 | 0.83 | 0.62 | 0.48 |
| Net Sales Growth(%) | 0 | 97.48 | 46.1 | 32.2 |
| EBIT Growth(%) | 0 | 256.01 | 159.58 | -1.46 |
| PAT Growth(%) | 0 | -44.55 | 50.56 | -26.47 |
| EPS Growth(%) | 0 | -43.63 | 51.39 | 3.16 |
| Debt/Equity(x) | 2.17 | 16.49 | 8.58 | 3.83 |
| Current Ratio(x) | 0.41 | 0.46 | 0.28 | 0.21 |
| Quick Ratio(x) | 0.41 | 0.46 | 0.28 | 0.21 |
| Interest Cover(x) | 0.23 | 0.42 | 0.79 | 0.76 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 |
| # | Jun 2025 | Jul 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 58.24 | 58.24 | 58.18 | 58.18 | 58.32 |
| FII | 16.5 | 16.5 | 0.92 | 0.33 | 0.15 |
| DII | 6.7 | 6.7 | 8.98 | 8.97 | 9.06 |
| Public | 18.56 | 18.56 | 31.92 | 32.53 | 32.46 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2025 | Jul 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 6.65 | 6.65 | 6.65 | 6.65 | 6.66 |
| FII | 1.88 | 1.88 | 0.11 | 0.04 | 0.02 |
| DII | 0.76 | 0.76 | 1.03 | 1.02 | 1.04 |
| Public | 2.12 | 2.12 | 3.65 | 3.72 | 3.71 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 11.41 | 11.41 | 11.43 | 11.43 | 11.43 |
* The pros and cons are machine generated.
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