SMARTWORKS Share Price | Smartworks Coworking Spaces Ltd Stock Analysis & Recommendation

Q: How has been the historical performance of Smartworks Cowor?

Answer:The historical performance of Smartworks Cowor shows a mixed trend in financial metrics over the past two years.Breakdown:In the fiscal year ending March 2025, Smartworks Cowor reported net sales of 1,374.06 crore, an increase from 1,039.36 crore in March 2024. Total operating income mirrored this growth, remaining at 1,374.06 crore in March 2025, compared to 1,039.36 crore the previous year. The total expenditure, excluding depreciation, rose to 516.79 crore from 379.69 crore, driven primarily by increased employee costs and manufacturing expenses. Operating profit (PBDIT) improved to 892.88 crore from 733.42 crore, although profit before tax worsened to -79.46 crore from -67.62 crore, indicating ongoing challenges. The net profit also declined to -63.18 crore from -49.96 crore. Despite these losses, the earnings per share slightly improved to -6.12 from -6.32. On the balance sheet, total assets increased to 4,517.26 crore from 4,029.87 crore, while total liabilities also rose to 4,517.26 crore from 4,029.87 crore. Cash flow from operating activities improved to 928.00 crore from 743.00 crore, although cash flow from investing and financing activities remained negative, leading to a net cash inflow of 14.00 crore in March 2025, compared to an outflow of -26.00 crore in March 2024.

Q: Is Smartworks Cowor overvalued or undervalued?

As of 26 November 2025, the valuation grade for Smartworks Cowor has moved from expensive to fair. Based on the analysis, the company appears to be fairly valued at this time. Key ratios include a PE ratio of -93.62, an EV to EBITDA of 11.80, and a Price to Book Value of 11.28, which indicate significant challenges in profitability and valuation metrics.In comparison to peers, Smartworks Cowor's valuation is notably lower than Altius Telecom, which has a PE ratio of 52.52, and significantly higher than Sagility, which is valued at 29.49. The negative ROE of -12.05% and a low ROCE of 4.79% further highlight the company's struggles in generating returns compared to its peers. Additionally, the stock has underperformed against the Sensex over the past week and month, reinforcing the cautious outlook on its valuation.

Q: Are Smartworks Coworking Spaces Ltd latest results good or bad?

Smartworks Coworking Spaces Ltd's latest results for Q4 FY26 show a mixed performance. On the positive side, the company reported a net profit of ₹16.62 crores, which is a significant increase of 1240.32% compared to the previous quarter. Additionally, revenue grew by 44.99% year-on-year, reaching ₹519.68 crores, marking the seventh consecutive quarter of revenue growth. The operating margin, excluding other income, improved to 65.11%, the highest in seven quarters.However, there are critical concerns regarding the sustainability of this profitability. A substantial portion of the profit was driven by non-operating income, which accounted for 58.52% of profit before tax. This raises questions about the core operational performance of the company. Furthermore, despite the positive revenue growth, the company has a history of losses, with cumulative losses of ₹308 crores over the past five fiscal years.The company's valuation is also a significant concern, trading at a price-to-earnings ratio of 471 times, far above the industry average of 35 times. This extreme valuation suggests that the market is expecting substantial future improvements that may not be justified by the current fundamentals.In summary, while Smartworks has shown impressive revenue growth and a return to profitability, the reliance on non-operating income, high valuation, and historical losses indicate that the results are not entirely positive and warrant caution.

Q: Should I buy, sell or hold Smartworks Coworking Spaces Ltd?

Based on the current financial situation of Smartworks Coworking Spaces Ltd, it appears that selling may be a prudent decision. The company has a very high debt-to-equity ratio of 8.53 times, indicating significant leverage and potential financial risk. This high level of debt, coupled with reported losses and negative return on equity (ROE), suggests weak long-term fundamental strength.However, it's worth noting that the company has shown remarkable growth in net profit, with an increase of 5079.31%, and has declared positive results for the last three consecutive quarters. Additionally, it achieved its highest net sales at Rs 519.68 crore and a strong operating profit to interest ratio of 3.56 times, which are positive indicators.Despite these positive developments, the high debt levels and the company's past losses raise concerns about its financial stability. Therefore, considering the risks associated with its debt and the overall financial health, a sell recommendation seems more appropriate at this time.

Mojo Score Change: Smartworks Cowor has changed its score on 18 May 2026. Click here to unlock latest mojo score!

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

21.8 k (-45.96%) Volume

Shareholding (Mar 2026)

FII

0.15%

Held by 7 FIIs

DII

9.06%

Held by 6 DIIs

Promoter

58.32%

How has been the historical performance of Smartworks Cowor?

06-Nov-2025

Smartworks Cowor's historical performance shows mixed results, with net sales increasing to 1,374.06 crore in March 2025 from 1,039.36 crore in March 2024, but net profit declined to -63.18 crore. Despite improved operating profit and cash flow from operations, the company continues to face challenges reflected in its negative profit before tax and overall losses.

View full answer

Is Smartworks Cowor overvalued or undervalued?

27-Nov-2025

As of November 26, 2025, Smartworks Cowor is fairly valued despite a negative PE ratio of -93.62 and low profitability metrics, underperforming compared to peers like Altius Telecom and Sagility, and has shown weak performance against the Sensex recently.

View full answer

Are Smartworks Coworking Spaces Ltd latest results good or bad?

30-Apr-2026

Smartworks Coworking Spaces Ltd's latest Q4 FY26 results show strong revenue growth and a significant profit increase, but concerns arise from reliance on non-operating income, a high valuation, and a history of losses, indicating mixed performance overall. Caution is advised regarding the sustainability of this profitability.

View full answer

Should I buy, sell or hold Smartworks Coworking Spaces Ltd?

19-May-2026

Which are the latest news on Smartworks Cowor?

20-May-2026

Smartworks Coworking Spaces Ltd Technical Momentum Shifts Amid Mixed Market Signals
Smartworks Coworking Spaces Ltd Downgraded to Sell Amid Technical and Fundamental Concerns

Why is Smartworks Coworking Spaces Ltd falling/rising?

21-May-2026

As of 20-May, Smartworks Coworking Spaces Ltd's stock price has risen to Rs 441.60, reflecting a 2.07% increase, driven by strong financial results and positive trading momentum. However, the company’s high debt-to-equity ratio of 8.53 times raises concerns about its long-term stability.

View full answer

Compare Smartworks Cowor with Similar Stocks

CMS Info Systems Hemisphere Prop Nirlon

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

With HIgh Debt (Debt-Equity Ratio at 8.53 times)- the company has a Weak Long Term Fundamental Strength

High Debt Company with a Debt to Equity ratio (avg) of 5.11 times
The company has reported losses. Due to this company has reported negative ROE

With ROCE of 6.2, it has a Expensive valuation with a 1.9 Enterprise value to Capital Employed

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Diversified Commercial Services

Market cap

INR 5,182 Cr (Small Cap)

P/E

482.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

8.53

Return on Equity

1.32%

Price to Book

9.57

Revenue and Profits:

Net Sales:

520 Cr

(Quarterly Results - Mar 2026)

Net Profit:

17 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

3.22%

6 Months

-17.22%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

0.0%

Smartworks Cowor for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

Smartworks Coworking Spaces Ltd Technical Momentum Shifts Amid Mixed Market Signals

Smartworks Coworking Spaces Ltd has experienced a subtle shift in price momentum, moving from a sideways trend to a mildly bullish stance according to recent technical indicators. Despite a modest day gain of 2.07%, the stock remains under pressure with a MarketsMOJO Mojo Grade downgraded from Hold to Sell, reflecting cautious sentiment amid mixed signals from key momentum and volume indicators.

Read full news article

Smartworks Coworking Spaces Ltd Valuation Shifts Signal Growing Price Pressure

Smartworks Coworking Spaces Ltd has seen a notable shift in its valuation parameters, moving from a fair to an expensive rating, reflecting changing investor sentiment and sector dynamics. Despite a modest day gain of 2.07%, the company’s price-to-earnings (P/E) and price-to-book value (P/BV) ratios have surged well above historical and peer averages, prompting a downgrade in its Mojo Grade from Hold to Sell.

Read full news article

Smartworks Coworking Spaces Ltd Technical Momentum Shifts Amid Mixed Market Signals

Smartworks Coworking Spaces Ltd has experienced a notable shift in its technical momentum, moving from a mildly bearish stance to a more sideways trend. Despite a 3.29% gain on 20 May 2026, the stock’s technical indicators present a complex picture, with some signals suggesting cautious optimism while others point to lingering bearish pressures.

Read full news article

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

19-May-2026 | Source : BSE

Intimation under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)- Analysts / Institutional Investor Meeting(s).

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

06-May-2026 | Source : BSE

Disclosure under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015- Transcript

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

30-Apr-2026 | Source : BSE

Disclosure under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015- Audio Recording

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

48.90%

EBIT Growth (5y)

148.83%

EBIT to Interest (avg)

0.30

Debt to EBITDA (avg)

4.63

Net Debt to Equity (avg)

2.99

Sales to Capital Employed (avg)

0.32

Tax Ratio

20.40%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

9.22%

ROCE (avg)

5.61%

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

482

Industry P/E

Price to Book Value

9.57

EV to EBIT

30.45

EV to EBITDA

8.57

EV to Capital Employed

1.90

EV to Sales

5.49

PEG Ratio

Dividend Yield

ROCE (Latest)

6.24%

ROE (Latest)

1.32%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

No Signal

Bollinger Bands

Bullish

Moving Averages

Mildly Bearish (Daily)

KST

Bearish

Dow Theory

Mildly Bearish

Mildly Bullish

OBV

Mildly Bearish

Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 9 Schemes (3.15%)

FIIs

Held by 7 FIIs (0.15%)

Promoter with highest holding

Ns Niketan (37.03%)

Highest Public shareholder

Space Solutions India Pte. Ltd. (14.9%)

Individual Investors Holdings

7.71%

Financial

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          "field": "Operating Profit Margin (Excl OI)",
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Quarterly Results Snapshot (Standalone) - Mar'26 - QoQ

Mar'26

Dec'25

Change(%)

Net Sales

506.63

460.99

9.90%

Operating Profit (PBDIT) excl Other Income

328.20

296.54

10.68%

Interest

93.54

95.69

-2.25%

Exceptional Items

0.00

Standalone Net Profit

15.02

0.29

5,079.31%

Operating Profit Margin (Excl OI)

64.78%

64.33%

0.45%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Mar 2026 is 9.90% vs 11.46% in Dec 2025

Standalone Net Profit

QoQ Growth in quarter ended Mar 2026 is 5,079.31% vs 107.63% in Dec 2025

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

778.39

650.71

19.62%

Operating Profit (PBDIT) excl Other Income

494.49

398.27

24.16%

Interest

171.58

170.52

0.62%

Exceptional Items

0.00

Standalone Net Profit

-8.30

-37.24

77.71%

Operating Profit Margin (Excl OI)

63.53%

61.21%

2.32%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

1,239.38

991.00

25.06%

Operating Profit (PBDIT) excl Other Income

791.03

608.10

30.08%

Interest

267.27

255.13

4.76%

Exceptional Items

0.00

Standalone Net Profit

-8.01

-54.66

85.35%

Operating Profit Margin (Excl OI)

63.82%

61.36%

2.46%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Consolidated) - Mar'26

Mar'26

Mar'25

Change(%)

Net Sales

1,795.81

1,374.06

30.69%

Operating Profit (PBDIT) excl Other Income

1,155.13

857.27

34.75%

Interest

366.11

336.34

8.85%

Exceptional Items

0.00

Consolidate Net Profit

10.53

-63.18

116.67%

Operating Profit Margin (Excl OI)

64.32%

62.39%

1.93%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2026 is 30.69% vs 32.20% in Mar 2025

Consolidated Net Profit

YoY Growth in year ended Mar 2026 is 116.67% vs -26.46% in Mar 2025

All Annual Results

Company CV

About Smartworks Coworking Spaces Ltd

Smartworks Coworking Spaces Ltd

Small Cap

Diversified Commercial Services

No Details Available.

Company Coordinates

No Company Details Available