Smartworks Cowor

  • Market Cap: Mid Cap
  • Industry: Diversified Commercial Services
  • ISIN: INE0NAZ01010
  • NSEID: SMARTWORKS
  • BSEID: 544447
INR
477.95
6.85 (1.45%)
BSENSE

Jun 18

BSE+NSE Vol: 1.55 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

1.55 lacs (150.36%) Volume

Shareholding (Mar 2026)

FII

0.15%

Held by 7 FIIs

DII

9.06%

Held by 12 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.

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?

04-Dec-2025

As of 03-Dec, Smartworks Coworking Spaces Ltd's stock price is at 453.00, down 2.9% and has declined 21.29% over the last 11 days. The stock is trading below its moving averages, indicating a bearish trend, despite increased investor participation.

As of 03-Dec, Smartworks Coworking Spaces Ltd's stock price is falling, currently at 453.00, which reflects a decrease of 13.55 or 2.9%. The stock has been on a downward trend, having lost 21.29% over the last 11 consecutive days. This decline is further illustrated by its performance over the past week, where it has underperformed the benchmark Sensex, showing a drop of 10.46% compared to the Sensex's modest decline of 0.59%.<BR><BR>Additionally, the stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained bearish trend. On the day of the report, the stock reached an intraday low of Rs 445.25, marking a significant drop of 4.57%. <BR><BR>Despite a rise in investor participation, with delivery volume increasing by 15.24% against the 5-day average, the overall sentiment remains negative as the stock continues to face selling pressure. This combination of factors contributes to the ongoing decline in Smartworks Coworking Spaces Ltd's stock price.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy
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Unrated Stock - No Analysis Available
stock-summaryMojo Parameters
Mojo Parameters
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Stock DNA
stock-summary
Industry

Diversified Commercial Services

stock-summary
Market cap

INR 5,461 Cr (Mid Cap)

stock-summary
P/E

500.00

stock-summary
Industry P/E

32

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

7.93

stock-summary
Return on Equity

-12.05%

stock-summary
Price to Book

9.93

Revenue and Profits:
Net Sales:
520 Cr
(Quarterly Results - Mar 2026)
Net Profit:
17 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
18.52%
0%
18.52%
6 Months
3.87%
0%
3.87%
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
Icon
No Recent News for the Company
Announcements stock-summary

Announcement under Regulation 30 (LODR)-Change in RTA

15-Jun-2026 | Source : BSE

Intimation under Regulation 7 & 30 read with Schedule III of SEBI (Listing Obligations and Disclosure requirements) 2015 regarding change in RTA due to merger of CB Management Services Private Limited into MUFG Intime India Private Limited

Press Release - Smartworks Expands In Singapore; Adds Over 15000 Sq. Ft. At Manulife Tower- The Companys Total Singapore Footprint Crosses 50000 Sq. Ft.

15-Jun-2026 | Source : BSE

Press Release - Smartworks expands in Singapore; Adds over 15000 sq. ft. at Manulife Tower- The Companys total Singapore footprint crosses 50000 sq. ft.

Press Release - Smartworks Leases 400+ Seats To Japanese NBFC Subsidiary In Mumbai

08-Jun-2026 | Source : BSE

Press Release - Smartworks leases 400+ seats to Japanese NBFC Subsidiary in Mumbai

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)
4.63
Net Debt to Equity (avg)
2.99
Sales to Capital Employed (avg)
0.32
Tax Ratio
20.40%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
9.22%
ROCE (avg)
5.61%
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
500
Industry P/E
32
Price to Book Value
9.93
EV to EBIT
31.06
EV to EBITDA
8.74
EV to Capital Employed
1.94
EV to Sales
5.60
PEG Ratio
NA
Dividend Yield
NA
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
Bullish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
Mildly Bullish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2026stock-summary
Shareholding Compare (%holding) stock-summary
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%

stock-summaryFinancial
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          "field": "Standalone Net Profit",
          "val1": "15.02",
          "val2": "0.29",
          "chgp": "5,079.31%",
          "chgp_class": "positive"
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          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "61.21%",
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    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
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        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
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        "Dec'25",
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          "chgp": "25.06%",
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          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "791.03",
          "val2": "608.10",
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          "field": "Interest",
          "val1": "267.27",
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          "chgp": "4.76%",
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        {
          "field": "Exceptional Items",
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        {
          "field": "Standalone Net Profit",
          "val1": "-8.01",
          "val2": "-54.66",
          "chgp": "85.35%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "63.82%",
          "val2": "61.36%",
          "chgp": "2.46%",
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    "link": "annual",
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    "header": "Annual Results Snapshot (Consolidated) - Mar'26",
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        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2026 is 116.67% vs -26.46% in Mar 2025",
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        "Mar'26",
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          "val2": "-63.18",
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Quarterly Results Snapshot (Standalone) - Mar'26 - QoQstock-summary
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
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.
Direction Arrows
Net Sales

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

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Mar 2026 is 5,079.31% vs 107.63% in Dec 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) - Dec'25stock-summary
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
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.
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 (Consolidated) - Mar'26stock-summary
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
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.
Direction Arrows
Net Sales

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

Direction Arrows
Consolidated Net Profit

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

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