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← CockpitCompetitor Analysis › SMARTWORKS.NS Smartworks Coworking Spaces LimitedOpen in the cockpit ↗

Smartworks Coworking Spaces LimitedSMARTWORKS.NSCompetitor analysis, valuation and peers

India · INR·Realty›Real Estate Development
Momentum strong 79
Mkt cap
$623M
US dollars, full cap
Free float
20%
of shares outstanding
$/day
$1.01M
20-day average traded
Fwd P/E
54.9×
forward earnings
ROIC−WACC
n/a
WACC 10.4%
Hurdle
n/a
no reverse DCF
Next earnings
117 days
3 Mar 2027
Close · INR₹515.85
1D+4.9%
1W+7.4%
1M+5.4%
3M+6.4%
6M+11.8%
YTD+4.3%
1Y-9.3%
ATR %4.1%
Beta0.99
52w lowhigh16.7% off high

What Smartworks Coworking Spaces does

Employees: 4,442

Smartworks Coworking Spaces at a glance

Size Smartworks Coworking Spaces (SMARTWORKS.NS) is an India Real Estate company (Real Estate Development) with a market value of $623M, the 766th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹515.85 on 6 Nov 2026.

Performance Over six months the shares gained 11.8%, against -10.7% for the median peer and 0.0% for the India market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue grew 30.7% over the last twelve months (peer median +0.2%); the operating margin is 21.1% (peer median 16.2%).

Valuation It trades at 54.9× forward earnings against a peer median of 5.0× (most expensive of 7).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 2026SMARTWORKS.NS 112Peer median 92
Six months, rebased to 100: Smartworks Coworking Spaces against the median of its 20 peers (local-currency closes).

Smartworks Coworking Spaces financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹21.9B₹18.0B₹13.7B₹10.5B₹7.17B
Revenue growth—+31%+31%+46%—
Gross profit₹6.15B₹4.61B₹3.22B₹2.71B₹1.41B
EBITDA₹14.2B₹11.6B₹8.60B₹6.74B₹4.40B
Net income₹567M₹105M-₹632M-₹500M-₹1.01B
Free cash flown/a₹7.92B₹5.97B₹4.31B₹1.85B
Capital expendituren/a₹3.88B₹2.91B₹2.66B₹3.25B
Total debt₹58.7B₹47.8B₹37.4B₹34.4B₹39.1B

Quarterly statements and history in the cockpit →

Smartworks Coworking Spaces competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-10%0%3465CTY1SNIRLON003488926177000558H30600340600790MLG122402586006580028012630BASS600743SMARTWORKS.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Smartworks Coworking Spaces is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%+100%0×20×40×3465CTY1S6177MLG012630BASSSMARTWORKS.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Smartworks Coworking Spaces is the large dot.

Smartworks Coworking Spaces competitors and peer comparison

How Smartworks Coworking Spaces compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Smartworks Coworking Spaces against its 20 peers (data as of 6 Nov 2026)
MeasureSMARTWORKS.NSPeer medianRank in peer set
1-month return+5.4%-4.6%highest of 21
6-month return+11.8%-10.7%highest of 21
Distance from 52-week high-16.7%-27.2%6th highest of 21
Revenue growth (TTM)+30.7%+0.2%3rd highest of 21
Operating margin21.1%16.2%10th highest of 21
Forward P/E54.9×5.0×most expensive of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Smartworks Coworking Spaces SMARTWORKS.NSIndia$623M+12%+31%21%54.9×n/an/a
KI-Star Real Estate 3465.TJapan$633M0%+15%8%5.0×n/an/a
Citycon CTY1S.HEFinland$612M+1%-2%59%4.8×n/an/a
Nirlon NIRLON.NSIndia$611M+9%+5%69%n/an/an/a
Kowloon Development 0034.HKHong Kong$638M-21%-47%11%n/an/an/a
ES-CON JAPAN 8892.TJapan$641M-10%+34%20%n/an/an/a
DA-LI DEVELOPMENT 6177.TWTaiwan$599M-8%+94%31%5.0×n/an/a
Chengdu New Tianfu Culture Tourism Development 000558.SZChina$650M-21%+8%-3%n/an/an/a
Hong Fok H30.SISingapore$590M-8%-1%43%n/an/an/a
China Fortune Land Development 600340.SSChina$660M-12%-43%-201%n/an/an/a
Zhejiang China Light & Textile Industrial City 600790.SSChina$660M-23%-9%-34%n/an/an/a
MLP MLG.WAPoland$588M-5%+20%48%9.5×n/an/a
Nordeste Properties Socimi SCHST.MCSpain$661M-2%+9%63%n/an/an/a
Zambal Spain SOCIMI YZBL.MCSpain$663M-1%+1%45%n/an/an/a
C C Land 1224.HKHong Kong$579M-2%+14%40%n/an/an/a
Tomson 0258.HKHong Kong$578M-16%-73%44%n/an/an/a
Beijing Electronic Zone High-tech 600658.SSChina$577M-33%-21%-163%n/an/an/a
Tian An China Investments 0028.HKHong Kong$577M-30%-65%9%n/an/an/a
HDC 012630.KSSouth Korea$676M-29%-10%12%2.2×n/an/a
Bassac BASS.PAFrance$679M-19%+16%8%5.4×n/an/a
Beijing Huayuan Xinhang 600743.SSChina$679M-22%-77%-18%n/an/an/a

Questions

Which companies are Smartworks Coworking Spaces's closest peers?
The cockpit's peer set: KI-Star Real Estate (3465.T), Citycon (CTY1S.HE), Nirlon (NIRLON.NS), Kowloon Development (0034.HK), ES-CON JAPAN (8892.T), DA-LI DEVELOPMENT (6177.TW), Chengdu New Tianfu Culture Tourism Development (000558.SZ), Hong Fok (H30.SI).
Is Smartworks Coworking Spaces expensive compared with its peers?
On forward p/e it trades at 54.9× against a peer median of 5.0×, most expensive of 7 in its peer set.
How has Smartworks Coworking Spaces stock performed?
Over six months to 6 Nov 2026 the shares returned +11.8% against -10.7% for the median peer; over one year -9.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.