Smartworks Coworking Spaces Ltd.
NSE: SMARTWORKS · Diversified Commercial Services
Snapshot
Unlock Smartworks Coworking Spaces Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Smartworks Coworking Spaces Limited is an Indian provider of serviced office solutions, including co-working spaces, meeting rooms, and virtual offices. The company also offers facility management services and proprietary software applications for office administration and visitor management.
Business Model
The company generates revenue through the leasing and operation of flexible office spaces, alongside providing ancillary maintenance and housekeeping services. It further monetises its platform through software-as-a-service (SaaS) offerings for meeting room and visitor management.
Growth Outlook
Growth is driven by the increasing demand for flexible workspace solutions among enterprises and the expansion of its digital service offerings. The company continues to scale its footprint across major Indian business hubs.
Key Risks
- Occupancy Risk. Fluctuations in demand for flexible office spaces can significantly impact revenue stability and profitability.
- Lease Liability. The company faces financial exposure from long-term lease obligations on commercial properties regardless of occupancy levels.
- Competitive Intensity. The co-working sector in India is highly fragmented with low barriers to entry, leading to aggressive pricing competition.
- Economic Sensitivity. Demand for commercial real estate services is highly correlated with broader economic cycles and corporate hiring trends.
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Key Metrics
P/E
96.8×
Q2 FY27 · consolidated
EV/EBITDA
4.0x
Q2 FY27 · consolidated
NET PROFIT MARGIN
4.3%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.4x
Q2 FY27 · consolidated
Peers · Diversified Commercial Services
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Smartworks Coworking Spaces Ltd.SMARTWORKS | ₹5,481 Cr | 96.8× | 3.96 | — | 66.9% | 10.5% | 8.7% | -17.3% |
Indiabulls Ltd.IBULLSLTD | ₹7,067 Cr | 16.1× | 63.85 | — | 43.4% | 34.8% | 6.0% | — |
Nirlon LimitedNIRLON | ₹5,832 Cr | 16.3× | 12.98 | 5.0% | 79.6% | 86.5% | 23.8% | +28.2% |
LEAP India LimitedLEAPIND | ₹5,014 Cr | — | — | — | 53.0% | — | — | — |
Elevate Campuses LimitedELEVATE | ₹4,845 Cr | — | — | — | 40.0% | — | — | — |
Quess Corp LimitedQUESS | ₹4,759 Cr | 18.8× | 12.57 | -12.1% | 2.3% | 22.5% | 21.2% | +32.9% |
As of Q2 FY27
Financials
Smartworks Coworking Spaces Ltd.
NSE: SMARTWORKS · Diversified Commercial Services
Snapshot
Unlock Smartworks Coworking Spaces Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Smartworks Coworking Spaces Limited is an Indian provider of serviced office solutions, including co-working spaces, meeting rooms, and virtual offices. The company also offers facility management services and proprietary software applications for office administration and visitor management.
Business Model
The company generates revenue through the leasing and operation of flexible office spaces, alongside providing ancillary maintenance and housekeeping services. It further monetises its platform through software-as-a-service (SaaS) offerings for meeting room and visitor management.
Growth Outlook
Growth is driven by the increasing demand for flexible workspace solutions among enterprises and the expansion of its digital service offerings. The company continues to scale its footprint across major Indian business hubs.
Key Risks
- Occupancy Risk. Fluctuations in demand for flexible office spaces can significantly impact revenue stability and profitability.
- Lease Liability. The company faces financial exposure from long-term lease obligations on commercial properties regardless of occupancy levels.
- Competitive Intensity. The co-working sector in India is highly fragmented with low barriers to entry, leading to aggressive pricing competition.
- Economic Sensitivity. Demand for commercial real estate services is highly correlated with broader economic cycles and corporate hiring trends.
Start your research today
Unlock AI insights, financials, peers and live data on Smartworks Coworking Spaces Ltd. and 5,000+ companies — free.
Key Metrics
P/E
96.8x
Q2 FY27 · consolidated
EV/EBITDA
4.0x
Q2 FY27 · consolidated
NET PROFIT MARGIN
4.3%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.4x
Q2 FY27 · consolidated
Peers · Diversified Commercial Services
As of Q2 FY27