Smartworks Coworking Spaces

Smartworks Coworking Spaces

584.05
-0.85
(-0.15%)
ann
Company has added their latest Transcript18 hours ago
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Key Fundamentals
Add Ratio
Market Cap
6,665.84 Cr
EPS
-6.18
PE Ratio
-211.41
Dividend Yield
0.00 %
Industry
-
52 Week High
619.00
52 Week Low
392.70
PB Ratio
13.14
Debt to Equity
45.43
Sector
-
Forecast For
Actual

Company News

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positive
Smartworks Reports 21% Revenue Growth to Rs 425 Crores in Q2 FY2615 hours ago
Smartworks Coworking Spaces Limited delivered strong quarterly results with revenue reaching Rs 425 crores, marking 21% year-on-year growth and 12% sequential growth. The company's normalized EBITDA rose 46% year-on-year to Rs 70 crores with a 16.4% margin. The managed office platform operates 12.7 million square feet across 14 cities serving 760+ clients, with mature portfolio occupancy at 88%. Global Capability Centers (GCCs) now contribute over 15% of rental revenue. The company signed a major 815,000 square foot deal with Hiranandani group in Mumbai at Rs 120 per square foot rental. Smartworks maintains net-debt-negative position at Rs 9 crores and achieved 14.3% annualized ROCE. The company launched SmartVantage, a dedicated GCC enablement platform, and reported that 35% of rental revenue comes from clients occupying 1,000+ seats. Care Edge Rating upgraded the company's rating from BBB to A Stable. Management expects GCC revenue to double in the next couple of years and projects continued margin expansion driven by operational leverage.
positive
Smartworks Coworking Spaces Limited received upgraded credit ratings from CARE Ratings Limited. The long-term bank facilities rating was upgraded to CARE A- (Stable) from CARE BBB+ (Positive), while short-term bank facilities were upgraded to CARE A1 from CARE A2. The upgrade reflects continued improvement in scale of operations through expanding space under management and healthy occupancy levels. CARE Ratings noted the company's listing on BSE and NSE from July 17, 2025, following a successful IPO, which improved the financial risk profile and capital structure. The company operates over 10.1 million operational square feet across 56 centers in 15 cities with over 730 customers. Key strengths include strong presence in flexible workspace sector, diverse tenant profile, and stable operating cash flows. However, ratings remain constrained by continuous accounting losses, leveraged capital structure, and significant expansion plans that pose market risks.
positive
Smartworks Coworking Spaces Limited reported revenue of ₹4,248 million for Q2 FY26, representing 21% year-on-year growth and 12% sequential growth. The company's normalised EBITDA increased 46% year-on-year to ₹696 million with a 16.4% margin. Net debt turned negative at ₹590 million, while operating cash flow reached ₹614 million. The company has reduced gross debt by nearly 45% since its IPO. Smartworks signed a landmark 815,000 sq.ft. campus at Eastbridge, Mumbai, which becomes the world's largest managed office campus operated by any flex-space company globally. The company's total portfolio stands at 12.7 million sq.ft. across 14 cities with an operational footprint of 9.1 million sq.ft. across 54 centres. CareEdge Ratings upgraded Smartworks' rating to A- Stable from BBB+ Positive. The company serves 760 corporate clients with 90% of rental revenue coming from large enterprises and maintains 81% overall occupancy.
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Growth Rate
Revenue Growth
26.65 %
Net Income Growth
26.40 %
Cash Flow Change
24.92 %
ROE
-41.38 %
ROCE
-8.45 %
EBITDA Margin (Avg.)
-3.87 %

Quarterly Financial Results

Quarterly Financials
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
323
361
364
362
388
441
Expenses
121
136
134
126
138
155
EBITDA
202
225
230
236
250
286
Operating Profit %
61 %
61 %
62 %
65 %
64 %
64 %
Depreciation
147
160
167
162
174
198
Interest
86
86
85
80
82
93
Profit Before Tax
-31
-21
-22
-5
-6
-4
Tax
-8
-5
-6
3
-1
-1
Net Profit
-23
-16
-16
-8
-4
-3
EPS in ₹
-2.31
-1.53
0.00
-0.79
-0.41
-0.27

Balance Sheet

Balance Sheet
2020
2021
2022
2023
2024
2025
Total Assets
1,359
1,494
2,860
4,474
4,147
4,651
Fixed Assets
1,066
1,174
2,328
3,724
3,412
3,780
Current Assets
179
152
195
361
265
255
Capital Work in Progress
21
13
89
52
72
139
Investments
114
0
0
0
11
11
Other Assets
158
307
442
697
652
721
Total Liabilities
1,359
1,494
2,860
4,474
4,147
4,651
Current Liabilities
193
296
479
782
955
1,217
Non Current Liabilities
928
1,014
2,266
3,660
3,142
3,326
Total Equity
238
184
114
32
50
108
Reserve & Surplus
142
89
19
-65
-49
5
Share Capital
77
77
77
78
79
103

Cash Flow

Cash Flow
2020
2021
2022
2023
2024
2025
Net Cash Flow
9
-50
8
55
-26
15
Investing Activities
-219
-41
-95
-307
-192
-276
Operating Activities
114
153
216
532
743
929
Financing Activities
113
-161
-114
-171
-577
-638

Share Holding

% Holding
Aug 2024
Jun 2025
Jul 2025
Sept 2025
Promoter
85.43 %
58.24 %
65.19 %
58.18 %
FIIs
0.00 %
16.50 %
0.00 %
0.92 %
DIIs
0.00 %
7.36 %
0.00 %
9.03 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
0.00 %
10.86 %
0.00 %
7.58 %
Others
14.57 %
7.04 %
34.81 %
24.28 %
No of Share Holders
73
1,42,977
898
24,158

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
12 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
12 Aug 2025 431.45 454.25
29 Sept 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
29 Sept 2025 517.30 575.75
06 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
06 Nov 2025 557.50 607.70

Announcements

Announcement under Regulation 30 (LODR)-Earnings Call Transcript18 hours ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation1 day ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation1 day ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation1 day ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation1 day ago
Announcement under Regulation 30 (LODR)-Monitoring Agency Report1 day ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome5 days ago
Announcement under Regulation 30 (LODR)-Newspaper Publication6 days ago
Shareholders Letter For Q2 2025-26 Dated November 06 20256 days ago
Announcement under Regulation 30 (LODR)-Investor Presentation6 days ago
Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)6 days ago
Announcement under Regulation 30 (LODR)-Credit Rating6 days ago
Announcement under Regulation 30 (LODR)-Press Release / Media Release6 days ago
Outcome Of Board Meeting Dated 6Th November 2025 & Unaudited (Standalone & Consolidated) Financial Result For The Quarter And Half Year Ended 30Th September 20256 days ago
Board Meeting Outcome for Outcome Of Board Meeting Dated 6Th November 2025 & Unaudited (Standalone & Consolidated) Financial Result For The Quarter And Half Vear Ended 30Th September 20256 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation9 days ago
Announcement under Regulation 30 (LODR)-Press Release / Media Release9 days ago
Board Meeting Intimation for The Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30 2025 Along With The Limited Review Reports Thereon.Oct 27, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 13, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementOct 01, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementOct 01, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportOct 01, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportOct 01, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMSep 30, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 29, 2025
Closure of Trading WindowSep 26, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 17, 2025
Announcement under Regulation 30 (LODR)-AllotmentSep 15, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 09, 2025
Intimation Regarding Update Of Correct PIN Code Of Corporate OfficeSep 08, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 07, 2025
Intimation Under Regulations 30 And 36(1)(B) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 ("The SEBI Listing Regulations")Sep 06, 2025
Reg. 34 (1) Annual Report.Sep 06, 2025
Intimation With Regard To 10Th Annual General Meeting To Be Held On 29Th September 2025Sep 06, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 04, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementSep 01, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementSep 01, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementSep 01, 2025
Board Meeting Outcome for Outcome Of Board Meeting Dated 01St September 2025 Pursuant To Reg 30 And Other Applicable Provisions Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Sep 01, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 29, 2025
General UpdatesAug 28, 2025
Announcement under Regulation 30 (LODR)-Diversification / DisinvestmentAug 26, 2025
Intimation Under Regulation 30 Of SEBI (LODR) Regulation 2015Aug 25, 2025
Announcement under Regulation 30 (LODR)-Diversification / DisinvestmentAug 21, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 19, 2025
Intimation Under Regulation 30 Of SEBI (LODR) Regulation 2015Aug 14, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 13, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 12, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 12, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 12, 2025

Technical Indicators

RSI(14)
Neutral
56.09
ATR(14)
Less Volatile
22.61
STOCH(9,6)
Neutral
64.27
STOCH RSI(14)
Neutral
34.66
MACD(12,26)
Bullish
0.13
ADX(14)
Weak Trend
20.65
UO(9)
Bearish
52.18
ROC(12)
Uptrend And Accelerating
4.91
WillR(14)
Neutral
-42.63