āagmanLoginNot investment advice. Data and computed figures, for information only.
Smartworks Coworking Spaces Ltd
₹469.05
−₹2.30 (−0.49%)
NSE · 15 Oct 2026, close
Market Cap
₹6,061 Cr
CMP
₹469.05
52-wk High / Low
₹619 / 362
P/E
217.0
P/B
11.4
Book Value
₹46.4
Div Yield
0.00%
ROCE
8.0%
ROE
3.3%
Face Value
₹10
D/E
9.02
Price−20.1% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹31
√(22.5 × EPS × book value per share)
ROIC
4.8%
vs 9.3% sector median
Cash flow to profit
108.82
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−22
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
3.3%
ROE × earnings retention ratio
ROE stability
36.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.12DII −0.14
Latest quarter vs the previous one
Cash-accrual divergence
−21.3%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
Watch-outs
−Latest ROCE of 8% trails the sector median of 14%
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 313 | 350 | 352 | 358 | 379 | 425 | 472 | 520 | 546 |
| Expenses | 121 | 136 | 134 | 126 | 138 | 155 | 167 | 181 | 200 |
| Operating Profit | 192 | 214 | 218 | 232 | 241 | 270 | 306 | 338 | 346 |
| OPM % | 61.3% | 61.1% | 61.9% | 64.8% | 63.6% | 63.5% | 64.8% | 65.0% | 63.4% |
| Other Income | 10 | 10 | 12 | 4 | 9 | 16 | 16 | 13 | 13 |
| Interest | 86 | 86 | 85 | 80 | 81 | 93 | 97 | 95 | 96 |
| Depreciation | 147 | 160 | 167 | 161 | 174 | 198 | 223 | 234 | 246 |
| Profit before tax | −31 | −21 | −22 | −5 | −6 | −4 | 2 | 22 | 18 |
| Net Profit | −23 | −16 | −16 | −8 | −4 | −3 | 1 | 17 | 13 |
| EPS (₹) | −2.78 | −1.89 | −1.55 | −0.80 | −0.41 | −0.27 | 0.11 | 1.45 | 1.15 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 254 | 280 | 360 | 711 | 1,039 | 1,374 | 1,796 | 1,963 |
| Expenses | 119 | 113 | 154 | 287 | 380 | 517 | 641 | 703 |
| Operating Profit | 135 | 166 | 206 | 424 | 660 | 857 | 1,155 | 1,260 |
| OPM % | 53.1% | 59.3% | 57.2% | 59.6% | 63.5% | 62.4% | 64.3% | 64.2% |
| Other Income | 8 | 30 | 34 | 33 | 74 | 36 | 54 | 59 |
| Interest | 70 | 97 | 122 | 237 | 328 | 336 | 366 | 381 |
| Depreciation | 103 | 172 | 212 | 356 | 473 | 636 | 829 | 901 |
| Profit before tax | −31 | −72 | −94 | −136 | −68 | −79 | 14 | 37 |
| Net Profit | −22 | −54 | −70 | −101 | −50 | −63 | 11 | 28 |
| EPS (₹) | −2.90 | −7.02 | −9.05 | −13.01 | −6.32 | −6.12 | 0.92 | 2.44 |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 77 | 77 | 77 | 78 | 79 | 103 | 114 | — |
| Reserves | 161 | 107 | 37 | −46 | −29 | 5 | 416 | — |
| Borrowings | 61 | 134 | 248 | 3,913 | 3,436 | 3,737 | 4,778 | — |
| Other Liabilities | 1,060 | 1,175 | 2,498 | 529 | 661 | 806 | 1,155 | — |
| Total Liabilities | 1,359 | 1,494 | 2,860 | 4,474 | 4,147 | 4,651 | 6,464 | — |
| Fixed Assets | 1,066 | 1,174 | 2,328 | 3,724 | 3,412 | 3,780 | 5,238 | — |
| CWIP | 21 | 13 | 89 | 52 | 72 | 139 | 56 | — |
| Investments | 114 | 0 | 0 | 0 | 11 | 11 | 2 | — |
| Other Assets | 158 | 307 | 442 | 697 | 652 | 721 | 1,168 | — |
| Total Assets | 1,359 | 1,494 | 2,860 | 4,474 | 4,147 | 4,651 | 6,464 | — |
Cash Flows
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 114 | 153 | 216 | 532 | 743 | 929 | 1,197 |
| Cash from Investing Activity | −219 | −41 | −95 | −307 | −192 | −276 | −501 |
| Cash from Financing Activity | 113 | −161 | −109 | −171 | −577 | −638 | −621 |
| Net Cash Flow | 9 | −50 | 13 | 55 | −26 | 15 | 75 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| ROCE % | — | 8.0 | 8.0 | 5.0 | 7.0 | 7.0 | 8.0 |
| ROE % | — | — | — | — | — | — | 3.3 |
| EPS (₹) | −2.90 | −7.02 | −9.05 | −13.01 | −6.32 | −6.12 | 0.92 |
| Book Value (₹) | — | — | — | — | — | — | 46.4 |
| Face Value (₹) | — | — | — | — | — | — | 10 |
| P/E | — | — | — | — | — | — | 217.0 |
| Div Yield % | — | — | — | — | — | — | 0.00 |
| NPM % | −8.4 | −17.4 | −17.8 | −13.6 | −4.5 | −4.5 | 0.6 |
| OPM % | 53.0 | 59.0 | 57.0 | 60.0 | 63.0 | 62.0 | 64.0 |
| D/E | 0.26 | 0.73 | 2.18 | 122.28 | 68.72 | 34.60 | 9.02 |
| P/B | — | — | — | — | — | — | 11.4 |
Growth
Compounded sales growth
5 years+45.0%
3 years+36.0%
TTM+36.0%
Compounded profit growth
5 years+17.0%
3 years+28.0%
TTM+163.0%
Stock price CAGR
Last year−8.0%
Return on equity
5 years−42.0%
3 years−24.0%
Last year3.0%
Documents
Corporate actions
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman