Smartworks Cowor

  • Market Cap: Small Cap
  • Industry: Diversified Commercial Services
  • ISIN: INE0NAZ01010
  • NSEID: SMARTWORKS
  • BSEID: 544447
INR
433.40
12.4 (2.95%)
BSENSE

Apr 17

BSE+NSE Vol: 1.59 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

1.59 lacs (28.97%) 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?

14-Apr-2026

Why is Smartworks Coworking Spaces Ltd falling/rising?

19-Apr-2026

As of 18-Apr, Smartworks Coworking Spaces Ltd's stock price is rising to 433.40, reflecting a 2.95% increase. Despite strong recent performance and increased investor interest, the company faces challenges with a high debt-to-equity ratio and reduced institutional stakes.

As of 18-Apr, Smartworks Coworking Spaces Ltd's stock price is rising, currently at 433.40, reflecting a change of 12.4 (2.95%) upwards. The stock has shown strong performance recently, outperforming the sector by 2.71% today and gaining for the last five consecutive days, with a total increase of 9.17% during this period. Additionally, the stock reached an intraday high of Rs 433.85, indicating positive momentum.<BR><BR>Investor participation has also increased, with delivery volume on April 16 rising by 103.66% compared to the five-day average, suggesting heightened interest in the stock. The company has reported positive financial results for the last two consecutive quarters, with a significant growth in profit after tax (PAT) of 115.7% compared to the previous four-quarter average and record net sales of Rs 472.13 crore. <BR><BR>However, despite these positive indicators, the company faces challenges such as a high debt-to-equity ratio of 7.93 times, indicating weak long-term fundamental strength. Institutional investors have reduced their stake by 0.67% in the previous quarter, which may reflect concerns about the company's financial health. Nonetheless, the current rise in stock price can be attributed to recent positive performance metrics and increased investor activity.

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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 2 Enterprise value to Capital Employed

3

Falling Participation by Institutional Investors

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Diversified Commercial Services

stock-summary
Market cap

INR 4,773 Cr (Small Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

34

stock-summary
Dividend Yield

0.00%

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Debt Equity

7.93

stock-summary
Return on Equity

-12.05%

stock-summary
Price to Book

9.38

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
-6.28%
0%
-6.28%
6 Months
-19.68%
0%
-19.68%
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

News

Announcements stock-summary

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

07-Apr-2026 | Source : BSE

Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter and financial year ended 31st March 2026

Press Release - Smartworks Expands Multi-City Managed Office Deal With Forbes 2000 Global CX Leader ; Client Portfolio Now Spans Four Cities With Over 5000 Seats ; Expected Rental Revenue From All Locations Exceeds INR 155 Cr.

06-Apr-2026 | Source : BSE

Please find attached the Press Release dated 06th March 2026

Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Capacity Addition

01-Apr-2026 | Source : BSE

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 - Capacity Addition

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)
0.80
Net Debt to Equity (avg)
2.99
Sales to Capital Employed (avg)
1.49
Tax Ratio
20.40%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
9.29%
ROCE (avg)
21.34%
ROE (avg)
0

Valuation key factors

Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
34
Price to Book Value
9.67
EV to EBIT
41.16
EV to EBITDA
10.81
EV to Capital Employed
1.97
EV to Sales
6.73
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
Sideways
KST
Dow Theory
Mildly Bullish
Bearish
OBV
Mildly Bullish
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
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      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is 107.63% vs 15.56% in Sep 2025",
        "dir": 1
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      "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