Smartworks Cowor

  • Market Cap: Small Cap
  • Industry: Diversified Commercial Services
  • ISIN: INE0NAZ01010
  • NSEID: SMARTWORKS
  • BSEID: 544447
INR
361.45
-22.65 (-5.9%)
BSENSE

Mar 30

BSE+NSE Vol: 1.53 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

1.53 lacs (4.17%) Volume

Shareholding (Dec 2025)

FII

0.33%

Held by 9 FIIs

DII

4.30%

Held by 6 DIIs

Promoter

58.18%

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.

Answer:<BR>The historical performance of Smartworks Cowor shows a mixed trend in financial metrics over the past two years.<BR><BR>Breakdown:<BR>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.

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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.

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.<BR><BR>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.

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

24-Mar-2026

Why is Smartworks Coworking Spaces Ltd falling/rising?

27-Mar-2026

As of 26-Mar, Smartworks Coworking Spaces Ltd's stock price has risen slightly to Rs 379.00, but it has underperformed its sector and shows a year-to-date decline of 23.68%. Despite recent positive quarterly results, high debt levels and reduced investor participation indicate ongoing challenges for the stock.

As of 26-Mar, Smartworks Coworking Spaces Ltd is experiencing a slight rise in its stock price, currently at Rs 379.00, reflecting an increase of 0.65 (0.17%). This rise comes after two consecutive days of gains, during which the stock has returned 1.28%. However, it is important to note that despite this recent uptick, the stock has underperformed its sector by 1.37% today and is still trading below all its moving averages, indicating a generally weak performance trend.<BR><BR>The stock's year-to-date performance shows a significant decline of 23.68%, which is considerably worse than the benchmark Sensex's decline of 11.67%. Additionally, the stock is close to its 52-week low, just 2.24% away from Rs 370.5. The falling investor participation is also a concern, as the delivery volume has decreased by 37.32% compared to the 5-day average, suggesting reduced interest from investors.<BR><BR>On the positive side, the company has reported strong results in the last two quarters, with net sales reaching Rs 472.13 crore and an operating profit to interest ratio of 3.16 times. However, these positives are overshadowed by the company's high debt levels, with a debt-equity ratio of 7.93 times, indicating weak long-term fundamental strength. Institutional investors have also reduced their stake by 0.67%, which may further contribute to the stock's volatility and investor sentiment.<BR><BR>In summary, while Smartworks Coworking Spaces Ltd is currently seeing a minor rise in its stock price, the overall context of high debt, declining investor participation, and significant underperformance over the year suggests that the stock remains under pressure.

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Why is Smartworks Coworking Spaces Ltd falling/rising?

28-Mar-2026

As of 27-Mar, Smartworks Coworking Spaces Ltd's stock price is rising, currently at Rs 388.20, reflecting an increase of Rs 6.35 or 1.66%. Despite recent gains and positive quarterly results, the company faces significant financial challenges, including a high debt-to-equity ratio and declining profits, which could impact future performance.

As of 27-Mar, Smartworks Coworking Spaces Ltd's stock price is rising, currently at Rs 388.20, reflecting an increase of Rs 6.35 or 1.66%. This upward movement can be attributed to several factors. Notably, the stock has been gaining for the last three days, with a total return of 3.74% during this period. Additionally, it has outperformed its sector by 5.08% today, indicating a relative strength compared to its peers.<BR><BR>Investor participation appears to be increasing, as evidenced by a significant rise in delivery volume, which increased by 175.08% against the five-day average. Furthermore, the stock reached an intraday high of Rs 400.35, showcasing its potential for upward movement within the trading day.<BR><BR>Despite these positive indicators, it is important to note that the stock is still trading below its moving averages across various time frames, which may suggest underlying weaknesses. The company has also reported positive financial results in the last two quarters, with net sales reaching Rs 472.13 crore and an operating profit to interest ratio of 3.16 times, which may contribute to investor confidence.<BR><BR>However, the company faces challenges, including a high debt-to-equity ratio of 7.93 times, indicating weak long-term fundamental strength, and a reported decline in profits by 26% over the past year. Institutional investors have also reduced their stake by 0.67%, which could reflect concerns about the company's long-term viability.<BR><BR>In summary, while Smartworks Coworking Spaces Ltd is currently experiencing a rise in stock price due to recent gains, positive quarterly results, and increased investor participation, it must navigate significant financial challenges that could impact its future performance.

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Why is Smartworks Coworking Spaces Ltd falling/rising?

29-Mar-2026

As of 28-Mar, Smartworks Coworking Spaces Ltd's stock price is rising, currently at Rs 388.20, with a 1.66% increase and strong investor interest. However, concerns about high debt and declining institutional participation may impact its long-term performance.

As of 28-Mar, Smartworks Coworking Spaces Ltd is experiencing a rise in its stock price, currently at Rs 388.20, reflecting an increase of Rs 6.35 or 1.66%. This upward movement can be attributed to several factors. Notably, the stock has been gaining for the last three days, with a total return of 3.74% during this period. Additionally, it has outperformed its sector by 5.08% today, indicating a stronger performance relative to its peers.<BR><BR>The stock also reached an intraday high of Rs 400.35, showcasing significant volatility and investor interest. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 175.08% compared to the five-day average, suggesting heightened trading activity and interest in the stock.<BR><BR>Despite these positive indicators, it is important to consider the broader context. The company has declared positive results for the last two consecutive quarters, with key financial metrics showing improvement, such as an operating profit to interest ratio of 3.16 times and a highest PBDIT of Rs 305.61 crore. However, the company is burdened with high debt, reflected in a debt-equity ratio of 7.93 times, which raises concerns about its long-term fundamental strength.<BR><BR>In summary, while Smartworks Coworking Spaces Ltd is currently rising in price due to recent gains, positive quarterly results, and increased investor participation, the underlying issues of high debt and falling institutional participation could pose challenges for its future performance.

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Why is Smartworks Coworking Spaces Ltd falling/rising?

30-Mar-2026

As of 29-Mar, Smartworks Coworking Spaces Ltd's stock price is rising to Rs 388.20, driven by increased investor interest and a recent upward trend. However, it remains under pressure due to high debt levels and trading below moving averages, indicating potential long-term weaknesses.

As of 29-Mar, Smartworks Coworking Spaces Ltd's stock price is rising, currently at Rs 388.20, reflecting an increase of Rs 6.35 or 1.66%. This upward movement can be attributed to several factors. Notably, the stock has been gaining for the last three days, with a total return of 3.74% during this period. Additionally, it has outperformed its sector by 5.08% today, indicating stronger performance relative to its peers.<BR><BR>Investor participation has also increased, with delivery volume rising by 175.08% against the five-day average, suggesting heightened interest from retail investors. Furthermore, the stock reached an intraday high of Rs 400.35, showing positive intraday momentum.<BR><BR>Despite these positive indicators, it is important to note that the stock is still trading below its moving averages across various time frames, which could indicate underlying weaknesses. The company has reported positive results for the last two consecutive quarters, with net sales reaching their highest at Rs 472.13 crore and an operating profit to interest ratio of 3.16 times. However, the company also faces challenges, including a high debt-to-equity ratio of 7.93 times and reported losses, which contribute to a weak long-term fundamental strength.<BR><BR>Overall, while the stock is currently rising due to recent performance and increased investor interest, it is still under pressure from significant debt and declining institutional participation.

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iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

With HIgh Debt (Debt-Equity Ratio at 7.93 times)- the company has a Weak Long Term Fundamental Strength

  • High Debt Company with a Debt to Equity ratio (avg) at 5.11 times
  • The company has reported losses. Due to this company has reported negative ROE
2

With ROCE of 4.8, it has a Expensive valuation with a 1.8 Enterprise value to Capital Employed

3

Falling Participation by Institutional Investors

stock-summaryMojo Parameters

Mojo Parameters

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Stock DNA

stock-summary
Industry

Diversified Commercial Services

stock-summary
Market cap

INR 4,436 Cr (Small Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

31

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

7.93

stock-summary
Return on Equity

-12.05%

stock-summary
Price to Book

8.66

Revenue and Profits:
Net Sales:
472 Cr
(Quarterly Results - Dec 2025)
Net Profit:
1 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-24.14%
0%
-24.14%
6 Months
-35.56%
0%
-35.56%
1 Year
0%
0%
0.0%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Smartworks Cowor for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

Announcements stock-summary

Closure of Trading Window

24-Mar-2026 | Source : BSE

Intimation of Closure of Trading Window

Voluntary Disclosure - Acquisition Of Equity Shares Of Smartworks Coworking Spaces Limited (The Company) By Promoter.

23-Mar-2026 | Source : BSE

Voluntary Disclosure - Acquisition of Equity Shares of Smartworks Coworking Spaces Limited (the company) by Promoter

Voluntary Disclosure - Acquisition Of Equity Shares Of Smartworks Coworking Spaces Limited (The Company) By Promoter

16-Mar-2026 | Source : BSE

Voluntary Disclosure - Acquisition of Equity Shares of Smartworks Coworking Spaces Limited (the Company) by promoter

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
48.90%
EBIT Growth (5y)
148.83%
EBIT to Interest (avg)
0.30
Debt to EBITDA (avg)
0.87
Net Debt to Equity (avg)
2.99
Sales to Capital Employed (avg)
1.61
Tax Ratio
20.40%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
9.29%
ROCE (avg)
22.00%
ROE (avg)
0

Valuation key factors

Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
31
Price to Book Value
8.06
EV to EBIT
37.40
EV to EBITDA
9.82
EV to Capital Employed
1.79
EV to Sales
6.11
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
4.79%
ROE (Latest)
-12.05%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
RSI
No Signal
Bollinger Bands
Bearish
KST
Dow Theory
Bearish
Bearish
OBV
No Trend
Mildly Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 4 Schemes (3.19%)

FIIs

Held by 9 FIIs (0.33%)

Promoter with highest holding

Ns Niketan (37.03%)

Highest Public shareholder

Space Solutions India Pte Ltd (14.9%)

Individual Investors Holdings

8.11%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is 11.46% vs 13.38% in Sep 2025",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is 107.63% vs 15.56% in Sep 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Sep'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "460.99",
          "val2": "413.61",
          "chgp": "11.46%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "296.54",
          "val2": "261.54",
          "chgp": "13.38%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "95.69",
          "val2": "91.48",
          "chgp": "4.60%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "0.29",
          "val2": "-3.80",
          "chgp": "107.63%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "64.33%",
          "val2": "63.23%",
          "chgp": "1.10%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "alert": "No Half Yearly Results declared by Smartworks Cowor"
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Smartworks Cowor"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "alert": "No Annual Results declared by Smartworks Cowor"
  }
]

Quarterly Results Snapshot (Standalone) - Dec'25 - QoQstock-summary

Dec'25
Sep'25
Change(%)
Net Sales
460.99
413.61
11.46%
Operating Profit (PBDIT) excl Other Income
296.54
261.54
13.38%
Interest
95.69
91.48
4.60%
Exceptional Items
0.00
0.00
Standalone Net Profit
0.29
-3.80
107.63%
Operating Profit Margin (Excl OI)
64.33%
63.23%
1.10%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2025 is 11.46% vs 13.38% in Sep 2025

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is 107.63% vs 15.56% in Sep 2025

stock-summaryCompany CV
About Smartworks Coworking Spaces Ltd stock-summary
stock-summary
Smartworks Coworking Spaces Ltd
Small Cap
Diversified Commercial Services
No Details Available.
Company Coordinates stock-summary
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No Company Details Available