Smartworks Coworking Spaces Limited (SMARTWORKS) fair value: what the stock is really worth
We calculate from audited financials what Smartworks Coworking Spaces Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 13, 2026.
How to read this chart
14‑month range ₹372.45 – ₹606.65 · fair‑value band ₹818.78 – ₹2,199 · the ₹530.75 price screens below the ₹1,245 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 13, 2026.
Smartworks Coworking Spaces Limited owns, operates, and leases co-working spaces in India. The company operates and maintains serviced office spaces, meeting and training rooms, virtual offices, and other ancillary services.
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Smartworks Coworking Spaces Limited owns, operates, and leases co-working spaces in India. The company operates and maintains serviced office spaces, meeting and training rooms, virtual offices, and other ancillary services. It also provides maintenance and house-keeping services to commercial properties and business houses; and software booking application for meeting room management and booking, visitor management system, and attendance management system. The company was incorporated in 2015 and is headquartered in Gurugram, India.
Stock analysis
Smartworks Coworking Spaces Limited (SMARTWORKS) currently trades at ₹530.75, while our model-based Fair Value estimate is ₹1,245, implying the stock looks roughly 57.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹1,841 per share, and 9 of the 14 models we run sit above the ₹530.75 price.
Bear case: the Multiples group reads lowest at ₹434.01, and 5 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹818.78 (bear) to ₹2,199 (bull), the price of ₹530.75 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Smartworks Coworking Spaces Limited reported revenue of ₹18.5B in FY2026 versus ₹3.6B in FY2022, a compound +50.5%/yr. Reported net income was ₹105M in FY2026.
Key figures
Market cap ₹58.8B (≈ $618M) · P/S ratio 3.02 · EPS (TTM) ₹−10.39 · Net margin 0.6% · Return on equity 3.3% · Return on assets (EBIT) 3.4% · Operating margin 20.1% · Revenue (TTM) ₹18.0B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 14% below its 52-week high and 47% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −45% fair-value upside, at 135%, SMARTWORKS screens cheaper than that median.
Fair Value models
Bear ₹818.78Fair Value ₹1,245Bull ₹2,199
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+34.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+37.5%
’22
’23
’24
’25
’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−0.1% (2022) → 20.5% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−0.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+20.3%
Yearly sales growth analysts expect, extended to five years.
Compare Smartworks Coworking Spaces Limited with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate Services · 539 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Profitability
Return on equity (TTM)3% · Below median
Return on assets4% · Top 25%
Net margin (TTM)1% · Below median
Operating margin (TTM)20% · Below median
Growth and dividend
Revenue growth45% · Top 25%
Balance sheet
Debt / equity0.41× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Is Smartworks Coworking Spaces Limited (SMARTWORKS) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of ₹1,245 versus a price of ₹530.75, about +135% upside (undervalued).
What is the fair value of SMARTWORKS?
Our model-based fair value for Smartworks Coworking Spaces Limited is ₹1,245 (as of Sep 13, 2026), built from audited fundamentals. The current price: ₹530.75.
What is the quality score of SMARTWORKS?
Smartworks Coworking Spaces Limited has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Smartworks Coworking Spaces Limited (SMARTWORKS)?
Our model-based price target is the fair value of ₹1,245 (as of Sep 13, 2026) from 14 valuation models. Cautious scenario ₹818.78, optimistic scenario ₹2,199. It is a calculation from audited fundamentals, not an analyst target.
What is the Smartworks Coworking Spaces Limited stock forecast for 2026?
Our models put fair value at ₹1,245, about +135% upside versus a price of ₹530.75 (undervalued). Cautious scenario ₹818.78, optimistic scenario ₹2,199. The calculation is refreshed regularly with new filings.
What is the revenue of Smartworks Coworking Spaces Limited (SMARTWORKS)?
Smartworks Coworking Spaces Limited reported trailing-twelve-month revenue of about ₹18.0B (latest available figure, as of Sep 13, 2026).
What growth is priced into Smartworks Coworking Spaces Limited (SMARTWORKS)?
For today's price to be fair in a discounted-cash-flow model, Smartworks Coworking Spaces Limited would have to grow free cash flow by -0.5 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +50.5 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of SMARTWORKS use?
Our models discount Smartworks Coworking Spaces Limited at 13.9 %: a base by market capitalisation (small), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Smartworks Coworking Spaces Limited that is -0.5 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Smartworks Coworking Spaces Limited (SMARTWORKS) delivered so far?
Over the past 4 years revenue at Smartworks Coworking Spaces Limited grew +50.5 % a year. The price currently implies -0.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Smartworks Coworking Spaces Limited (SMARTWORKS) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into Smartworks Coworking Spaces Limited (-0.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Smartworks Coworking Spaces Limited (SMARTWORKS)?
The free-cash-flow yield on the price is 13.49 %: that much free cash flow Smartworks Coworking Spaces Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Smartworks Coworking Spaces Limited (SMARTWORKS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Smartworks Coworking Spaces Limited it is ₹1,245 per share (as of Sep 13, 2026), against a price of ₹530.75. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Smartworks Coworking Spaces Limited stock overvalued or undervalued in 2026?
As of Sep 13, 2026, SMARTWORKS trades below its calculated fair value: price ₹530.75, fair value ₹1,245, a gap of about +135% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SMARTWORKS?
No. The price is what the market pays today (₹530.75); the fair value is what the company's own numbers justify (₹1,245). For Smartworks Coworking Spaces Limited the two are ₹714.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is Smartworks Coworking Spaces Limited worth?
The market values Smartworks Coworking Spaces Limited at about ₹58.8B (market capitalisation, as of Sep 13, 2026). Per share that is ₹530.75; our models calculate a fair value of ₹1,245 per share.
What do the bullish and bearish scenarios say about SMARTWORKS?
Our models span a range for Smartworks Coworking Spaces Limited: cautious scenario ₹818.78, base ₹1,245, optimistic ₹2,199 per share (as of Sep 13, 2026, price ₹530.75). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Smartworks Coworking Spaces Limited (SMARTWORKS)?
Balance-sheet figures for Smartworks Coworking Spaces Limited (as of Sep 13, 2026): return on equity 3.3%, debt of 0.41 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is SMARTWORKS from its 52-week high?
Smartworks Coworking Spaces Limited trades at ₹530.75, about 14% below its 52-week high of ₹619.00 and 47% above the low of ₹361.50 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,245 is for.
Which stocks are comparable to Smartworks Coworking Spaces Limited?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Smartworks Coworking Spaces Limited stock attractive at the current price?
The data as of Sep 13, 2026: price ₹530.75, calculated fair value ₹1,245 (+135%), Quality Score 45/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SMARTWORKS calculated?
We run Smartworks Coworking Spaces Limited through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,245, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. Smartworks Coworking Spaces Limited currently trades 135 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with Smartworks Coworking Spaces Limited right now?
The price is below even our cautious bear case (₹818.78). The market is more pessimistic than our downside scenario. The model range is unusually wide (₹818.78 to ₹2,199). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Smartworks Coworking Spaces Limited
How large is the market capitalisation of Smartworks Coworking Spaces Limited (SMARTWORKS)?
The market capitalisation of Smartworks Coworking Spaces Limited is ₹58.8B (≈ $618M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Smartworks Coworking Spaces Limited (SMARTWORKS)?
The price-to-sales ratio of Smartworks Coworking Spaces Limited is 3.02 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Smartworks Coworking Spaces Limited (SMARTWORKS)?
Earnings per share at Smartworks Coworking Spaces Limited are ₹−10.39. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Smartworks Coworking Spaces Limited (SMARTWORKS)?
The net margin of Smartworks Coworking Spaces Limited is 0.6% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Smartworks Coworking Spaces Limited (SMARTWORKS)?
The return on equity (ROE) of Smartworks Coworking Spaces Limited is 3.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Smartworks Coworking Spaces Limited (SMARTWORKS)?
On an EBIT basis the return on assets of Smartworks Coworking Spaces Limited is 3.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Smartworks Coworking Spaces Limited (SMARTWORKS)?
The operating margin of Smartworks Coworking Spaces Limited is 20.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Smartworks Coworking Spaces Limited (SMARTWORKS)?
Revenue at Smartworks Coworking Spaces Limited is growing +45.0% versus a year earlier (3y avg +37.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Smartworks Coworking Spaces Limited (SMARTWORKS) carry?
The net debt of Smartworks Coworking Spaces Limited is ₹45.4B (fiscal year 2026, ≈ 5.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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