Skip to content
thestock.space

On 6 Nov 2026, Smartworks Coworking Spaces was priced at ₹515.85, or 52.4× trailing earnings, against an industry P/E of 21.3×, and the shares are 13% below their 52-week high. Sales grew 36% a year over 3 years, with ROCE of 7.4% and ROE of 10%. Debt is 10.29× equity. It is a small-cap company with a market cap of ₹5,900 Cr, ranked 3rd of 64 Real Estate Services companies by market cap; the shares fell 19% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹488.00
Day high
₹518.00
Day low
₹484.60
Prev. close
₹491.70
Volume
2.2 L

Health check

1 fair · 5 to check
  • ReturnsBehind

    −18.9% over a year, better than 2 of 7 peers.

  • Price tagPricier

    P/E 52.4 vs industry 21.3.

  • GrowthSteady

    Sales +36.2% a year over 3 years.

  • ProfitabilityWeak

    ROCE 7.4% vs peer median 7.6%.

  • Balance sheetStretched

    Debt 10.29× equity, interest covered 1.0×, Piotroski 5 of 9.

  • Red flags2 to check

    Debt is 10.29× equity.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Real Estate Services

63 listed peers. Screen the industry

Small cap

₹5,900 Cr, #3 of 64 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹2,129 Cr · profit ₹57 Cr
Market cap
₹5,900 Cr
Small cap
P/E
52.4
Industry 21.3
Price to book
10.34
Peers 2.81
Dividend yield
0.00%
ROE
10.5%
Peers 4.3%
ROCE
7.4%
Peers 7.6%
Debt to equity
10.29
Debt ₹5,875 Cr
EPS (TTM)
₹9.84
Face value ₹10
OPM (TTM)
65.3%
Net margin 2.7%
Sales growth
+39.2%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
2.77
EV/EBITDA 14.9

Strengths and risks

Strengths

  • Quarterly sales up 39.2% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Debt is 10.29× equity.
  • P/E of 52.4 against an industry P/E of 21.3.

Derived automatically from reported figures. Not a recommendation.

About Smartworks Coworking Spaces

Smartworks Coworking Spaces Limited owns, operates, and leases co-working spaces in India. The company operates and maintains serviced office spaces, meeting and training rooms, virtual offices, and other ancillary services. It also provides maintenance and house-keeping services to commercial and private properties and business houses; and software booking application for meeting room management and booking, visitor management system, and attendance…

Headquarters
Gurugram
Employees
1,013
Sector
Real Estate
ISIN
INE0NAZ01010
Website
smartworksoffice.com

Price range

52 weeks

₹361.50₹596.00

Today

₹484.60₹518.00
Avg volume (3M)
1.3 L
1-year return
minus 18.9%
From 52-week high
minus 13.4%

Analyst consensus

8 analysts
Strong buyMean target ₹643.38 plus 24.7%

Target range, with today’s price

Low ₹534.00High ₹725.00

Today’s price ₹515.85 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Real Estate Services

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ABRELAditya Birla Real Estate1,068.40minus 1.99%11,853––−5.2%−3.6%0.79−52.6%minus 41.3%
WEWORKWeWork India Management681.65plus 1.04%9,46695.79.412.3%64.2%16.44–plus 6.7%
SMARTWORKSSmartworks Coworking Spaces515.85plus 4.91%5,90052.49.27.4%65.3%10.2936.2%minus 18.9%
NIRLONNirlon635.00minus 0.57%5,72220.412.623.3%77.4%2.425.4%plus 16.4%
INDIQUBEIndiqube Spaces184.32plus 2.39%3,908–9.95.5%60.8%10.1235.8%minus 15.3%
ELPROINTLElpro International169.55plus 0.26%2,87422.350.57.6%36.2%0.6058.2%plus 60.9%
EFCILEFC (I)165.12plus 0.22%2,4438.38.116.0%44.5%1.73115.7%minus 43.6%
AURUMAurum PropTech210.15minus 2.83%2,02958.423.11.8%25.5%0.2144.3%plus 25.8%
Median of 7 peers–0.22%3,90822.311.27.6%44.5%1.7340.0%6.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
425472780546591
155167248200214
270306532346378
63.6%64.7%68.2%63.3%63.8%
16.31617.613.413.9
92.896.810796.197.6
198223355246259
−4.41.688.417.634.9
28.4%20.4%26.0%25.2%26.5%
−3.11.265.413.125.6
-0.270.11–1.152.24

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+36.2%
ROE
10.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7111,0391,3741,796
–+46.1%+32.2%+30.7%
281372513639
4316678611,157
60.5%64.2%62.7%64.4%
22.239.432.749.6
233328336364
356473636829
0.826.2−1.10.1
−136−67.6−79.513.9
25.8%26.1%20.5%24.0%
−101−50−63.210.5
-8.85-4.38-5.090.95

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
77.779103114
−46.2−294.7416
3,9133,4363,7374,778
5296618061,155
4,4744,1474,6516,464
3,7723,4763,9085,286
48.471.614266.3
0–1.60.6
1143442.970.7
5395665571,040
4,4744,1474,6516,464

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
5327439291,197
−307−192−276−501
−171−577−638−621
54.6−2614.774.9
−325−266−291−388
207477637809

Shareholding pattern

Source: NSE filings
58.3%
promoters
  • Promoters58.26%
  • Public41.74%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202658.26%41.74%minus 0.06
30 Jun 202658.32%41.68%0.00
31 Mar 202658.32%41.68%plus 0.14
31 Dec 202558.18%41.82%0.00
30 Sep 202558.18%41.82%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you