About
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 properties and business houses; and software booking application for meeting room management and booking, visitor management system, and attendance management system. The company was incorporated in 2015 and is headquartered in Gurugram, India.
Key Metrics
as of Sep 2026Market Cap6,177 Cr
P/E222.00
Div Yield0.00 %
Book Value₹46.40
52w High₹619.00
52w Low₹361.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 528.00 | 507.00 | 461.00 | 414.00 | 365.00 | 349.00 | 340.00 | 341.00 | 309.00 |
| Expenses | 194.00 | 178.00 | 164.00 | 152.00 | 132.00 | 123.00 | 130.00 | 133.00 | 119.00 |
| Operating Profit | 333.00 | 328.00 | 297.00 | 262.00 | 233.00 | 226.00 | 210.00 | 208.00 | 190.00 |
| OPM % | 63.00 | 65.00 | 64.00 | 63.00 | 64.00 | 65.00 | 62.00 | 61.00 | 61.00 |
| Other Income | 14.00 | 13.00 | 16.00 | 17.00 | 9.00 | 4.00 | 12.00 | 11.00 | 10.00 |
| Depreciation | 239.00 | 228.00 | 217.00 | 192.00 | 168.00 | 155.00 | 161.00 | 154.00 | 145.00 |
| Interest | 94.00 | 94.00 | 96.00 | 91.00 | 80.00 | 79.00 | 85.00 | 85.00 | 85.00 |
| Profit before tax | 14.00 | 20.00 | 0.00 | -5.00 | -6.00 | -4.00 | -24.00 | -20.00 | -30.00 |
| Tax % | 25.00 | 25.00 | 25.00 | -25.00 | -25.00 | 92.00 | -26.00 | -26.00 | -26.00 |
| Net Profit | 10.00 | 15.00 | 0.00 | -4.00 | -4.00 | -7.00 | -17.00 | -15.00 | -22.00 |
| EPS in Rs | 0.90 | 1.31 | 0.03 | -0.33 | -0.44 | -0.69 | -1.69 | -1.76 | -2.72 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Sales | 1,746.00 | 1,340.00 | 1,038.00 | 710.00 | 360.00 | 280.00 | 254.00 |
| Expenses | 627.00 | 506.00 | 377.00 | 285.00 | 151.00 | 113.00 | 119.00 |
| Operating Profit | 1,119.00 | 834.00 | 661.00 | 425.00 | 209.00 | 166.00 | 135.00 |
| OPM % | 64.00 | 62.00 | 64.00 | 60.00 | 58.00 | 59.00 | 53.00 |
| Other Income | 55.00 | 37.00 | 75.00 | 33.00 | 31.00 | 30.00 | 8.00 |
| Interest | 361.00 | 334.00 | 328.00 | 237.00 | 122.00 | 97.00 | 70.00 |
| Depreciation | 804.00 | 615.00 | 471.00 | 356.00 | 212.00 | 172.00 | 103.00 |
| Profit before tax | 9.00 | -78.00 | -64.00 | -135.00 | -94.00 | -72.00 | -31.00 |
| Tax % | 25.00 | -20.00 | -26.00 | -26.00 | -26.00 | -25.00 | -28.00 |
| Net Profit | 7.00 | -62.00 | -47.00 | -100.00 | -70.00 | -54.00 | -22.00 |
| EPS in Rs | 0.61 | -5.98 | -5.95 | -12.84 | -9.03 | -7.02 | -2.90 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 114.00 | 103.00 | 79.00 | 78.00 | 77.00 | 77.00 | 77.00 |
| Reserves | 415.00 | 10.00 | -25.00 | -45.00 | 37.00 | 107.00 | 161.00 |
| Borrowings | 4,734.00 | 3,721.00 | 3,436.00 | 3,913.00 | 248.00 | 134.00 | 61.00 |
| Other Liabilities | 1,136.00 | 794.00 | 660.00 | 526.00 | 2,498.00 | 1,175.00 | 1,060.00 |
| Total Liabilities | 6,400.00 | 4,628.00 | 4,150.00 | 4,472.00 | 2,860.00 | 1,494.00 | 1,359.00 |
| Fixed Assets | 5,170.00 | 3,739.00 | 3,404.00 | 3,724.00 | 397.00 | 1,174.00 | 1,066.00 |
| CWIP | 56.00 | 135.00 | 66.00 | 42.00 | 87.00 | 13.00 | 21.00 |
| Investments | 21.00 | 30.00 | 11.00 | 0.00 | 0.00 | 0.00 | 114.00 |
| Other Assets | 1,154.00 | 724.00 | 668.00 | 705.00 | 2,376.00 | 307.00 | 158.00 |
| Total Assets | 6,400.00 | 4,628.00 | 4,150.00 | 4,472.00 | 2,860.00 | 1,494.00 | 1,359.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1,160.00 | 903.00 | 750.00 | 529.00 | 214.00 | 153.00 | 114.00 |
| Cash from Investing Activity | -492.00 | -275.00 | -198.00 | -304.00 | -93.00 | -41.00 | -219.00 |
| Cash from Financing Activity | -602.00 | -624.00 | -577.00 | -171.00 | -114.00 | -161.00 | 113.00 |
| Net Cash Flow | 66.00 | 4.00 | -26.00 | 54.00 | 8.00 | -50.00 | 9.00 |
| Free Cash Flow | 779.00 | 635.00 | 490.00 | 242.00 | 105.00 | 86.00 | 8.00 |
| CFO/OP % | 104.00 | 105.00 | 116.00 | 125.00 | 105.00 | 89.00 | 90.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 7.00 | 7.00 | 5.00 | 7.00 | 11.00 | 9.00 | 6.00 |
| Cash Conversion Cycle | 7.00 | 7.00 | 5.00 | 7.00 | 11.00 | 9.00 | 6.00 |
| Working Capital Days | -237.00 | -276.00 | -261.00 | -320.00 | -389.00 | -322.00 | -200.00 |
| ROCE % | 8.00 | 7.00 | 7.00 | 5.00 | 9.00 | 8.00 | — |
Corporate Actions
No corporate actions recorded.
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update28 May from care
-
Rating update21 Nov 2025 from care
-
Rating update6 Nov 2025 from care
-
Rating update3 Jan 2025 from care
-
Rating update11 Dec 2024 from care