Smartworks Cowor

  • Market Cap: Mid Cap
  • Industry: Diversified Commercial Services
  • ISIN: INE0NAZ01010
  • NSEID: SMARTWORKS
  • BSEID: 544447
INR
447.15
-5.4 (-1.19%)
BSENSE

Dec 05

BSE+NSE Vol: 75.7 k

  • 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

75.7 k (-29.71%) Volume

Shareholding (Sep 2025)

FII

0.92%

Held by 11 FIIs

DII

4.39%

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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Why is Smartworks Cowor falling/rising?

05-Dec-2025

As of 04-Dec, Smartworks Coworking Spaces Ltd's stock price is Rs 448.50, down 1.3% after 12 consecutive days of decline totaling 22.07%. The stock has underperformed against the Sensex and is trading below its moving averages, indicating a bearish trend and reduced investor interest.

As of 04-Dec, Smartworks Coworking Spaces Ltd is experiencing a decline in its stock price, currently at Rs 448.50, which reflects a decrease of Rs 5.9 or 1.3%. The stock has been underperforming significantly, having fallen for the last 12 consecutive days, resulting in a total decline of 22.07% during this period. <BR><BR>In comparison to the broader market, the stock has also underperformed against the Sensex, which has shown a slight increase of 2.16% over the past month, while Smartworks has dropped by 26.20% in the same timeframe. Additionally, the stock is trading below its moving averages across various timeframes (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend.<BR><BR>Investor participation has also decreased, with delivery volume dropping by 51.49% compared to the 5-day average, suggesting reduced interest from investors. The stock touched an intraday low of Rs 440.4, further emphasizing the downward pressure on its price. Overall, these factors contribute to the ongoing decline in Smartworks Coworking Spaces Ltd's stock price.

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Strong Sell
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Strong Buy

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Stock DNA
stock-summary
Industry

Diversified Commercial Services

stock-summary
Market cap

INR 5,066 Cr (Mid Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

35

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

7.93

stock-summary
Return on Equity

-12.05%

stock-summary
Price to Book

10.00

Revenue and Profits:
Net Sales:
425 Cr
(Quarterly Results - Sep 2025)
Net Profit:
-3 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
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Company does not have enough history
Risk Adjusted Returns v/s stock-summary
Returns Beta
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Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
News

Is Smartworks Cowor overvalued or undervalued?

Understanding the Valuation Shift

As of 26 Nov 2025, Smartworks Cowor’s valuation grade was revised from expensive to fair. This adjustment reflects a reassessment of the company’s financial health and market prospects. Despite a negative price-to-earnings (PE) ratio, which is unusual and indicative of losses or negative earnings, other valuation multiples provide a more nuanced picture.

The company’s price-to-book (P/B) ratio stands at 11.28, suggesting investors are willing to pay a significant premium over the book value. Meanwhile, the enterprise value to EBITDA (EV/EBITDA) ratio is 11.80, which is moderate compared to peers in the diversified commercial services sector. The EV to EBIT ratio is notably high at 44.94, signalling that earnings before interest and tax...

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Announcements stock-summary
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No announcement available
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
9.96%
ROCE (avg)
22.00%
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
35
Price to Book Value
9.97
EV to EBIT
41.86
EV to EBITDA
10.99
EV to Capital Employed
2.00
EV to Sales
6.84
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
4.79%
ROE (Latest)
-12.05%
Technicals key factors
Indicator
Weekly
Monthly
Icon
No records
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 4 Schemes (3.33%)

FIIs

Held by 11 FIIs (0.92%)

Promoter with highest holding

Ns Niketan Llp (37.04%)

Highest Public shareholder

Space Solutions India Pte Ltd (14.91%)

Individual Investors Holdings

7.58%

stock-summaryFinancial
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          "val1": "91.48",
          "val2": "80.10",
          "chgp": "14.21%",
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          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "63.86%",
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          "field": "Interest",
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          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "61.21%",
          "chgp": "2.32%",
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    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Mar'25",
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          "field": "Operating Profit (PBDIT) excl Other Income",
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          "field": "Interest",
          "val1": "249.37",
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          "field": "Exceptional Items",
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          "field": "Standalone Net Profit",
          "val1": "-44.32",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
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        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "62.48%",
          "val2": "NA%",
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        "suffix": "YoY Growth in year ended Mar 2025 is 38.13% vs -43.09% in Mar 2023",
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Quarterly Results Snapshot (Standalone) - Sep'25 - QoQstock-summary
Sep'25
Jun'25
Change(%)
Net Sales
413.61
364.79
13.38%
Operating Profit (PBDIT) excl Other Income
261.54
232.97
12.26%
Interest
91.48
80.10
14.21%
Exceptional Items
0.00
0.00
Standalone Net Profit
-3.80
-4.50
15.56%
Operating Profit Margin (Excl OI)
63.23%
63.86%
-0.63%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Sep 2025 is 13.38% vs 4.56% in Jun 2025

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Sep 2025 is 15.56% vs 36.44% in Jun 2025

Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary
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
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.
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

Nine Monthly Results Snapshot (Standalone) - Mar'25stock-summary
Mar'25
Change(%)
Net Sales
999.58
NA
NA
Operating Profit (PBDIT) excl Other Income
624.52
NA
NA
Interest
249.37
NA
NA
Exceptional Items
0.00
NA
NA
Standalone Net Profit
-44.32
NA
NA
Operating Profit Margin (Excl OI)
62.48%
NA%
NA
Values in Rs Cr.
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

Annual Results Snapshot (Standalone) - Mar'25stock-summary
Mar'25
Mar'23
Change(%)
Net Sales
1,339.87
709.71
88.79%
Operating Profit (PBDIT) excl Other Income
834.34
424.77
96.42%
Interest
333.98
236.66
41.12%
Exceptional Items
0.00
0.00
Standalone Net Profit
-61.74
-99.79
38.13%
Operating Profit Margin (Excl OI)
62.27%
59.85%
2.42%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 88.79% vs 97.01% in Mar 2023

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2025 is 38.13% vs -43.09% in Mar 2023

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