| Order Value | ₹305 CrNew Client Deals |
|---|---|
| Market Cap | ₹5,882 CrMid-range Performer |
| Revenue Growth | 44.05%Qtr YoY |
| RSI | 44.08Neutral Zone |
| Order from | New Clients |
| Execution period | up to 60 months |
Key highlights
- New leasing engagements worth ~₹305 Crore secured from a diverse mix of Indian and global corporate clients
- Contracts span a tenure of up to 60 months, strengthening the long-term revenue pipeline
- Total incremental contracted revenue reaches ₹540 Crore when combined with recent existing client expansions
- Company serves over 760 clients with approximately 92% of revenue derived from large corporate entities
- Managed office footprint covers 16.9 million square feet across 70 centres in 15 cities as of June 2026
Strategic Managed Office Engagements
Smartworks Coworking Spaces Limited has finalized new leasing engagements with a total contract value of approximately ₹305 Crore. These agreements are signed with new corporate clients and involve a tenure of up to 60 months. This development follows a previous announcement of ₹235 Crore in incremental revenue from existing client expansions, bringing the total fresh contracted revenue to ₹540 Crore.
The deals build upon the company’s existing contracted rental revenue base of ₹5,400 Crore recorded as of June 30, 2026. This addition reinforces the company's expansion strategy across multiple Indian cities and Singapore.
Diverse Corporate Client Portfolio
- Technology solutions provider backed by a Fortune 500 and Forbes Global 2000 parent entity
- Major international research and consulting firm expanding its India footprint
- Leading healthcare company and a global sportswear and lifestyle brand
- Global Customer Experience Management (CXM) services provider
- Total client base exceeds 760 companies with high enterprise concentration
Operational Growth and Market Position
As India’s largest managed office platform by footprint, the company manages approximately 16.9 million square feet of space across 70 centres. Its operations span 15 cities, serving a client base where large corporates contribute approximately 92% of total revenue. The business model involves transforming bare-shell assets into enterprise-grade campuses equipped with amenities like gyms, crèches, and recreation zones.
Smartworks has already secured its expansion pipeline for the coming years, with capacity locked for the financial years 2027 and 2028, and partially for 2029, to meet sustained demand.
Financial Performance Context
The company demonstrates strong top-line momentum with quarterly operating revenue of ₹546.25 Crore, representing a 44.05% year-on-year growth. Smartworks maintains an operating profit margin of 63.33% for the same period. While the trailing twelve-month net profit reached ₹27.87 Crore, the stock trades at a P/E ratio of 211.03x against an industry average of 21.04x.
Market capitalization stands at ₹5882.05 Crore, with promoters holding a stable 58.32% stake. The company transitioned to public markets with its listing on the NSE and BSE on July 17, 2025.
CEO Insight on Workplace Evolution
India is witnessing a fundamental shift in how businesses think about their workplaces. As companies enter new markets and scale across regions, the office can no longer be a constraint on growth; it has to be an enabler of it. What large corporates want today is speed, flexibility and the freedom to focus their capital and attention on their core business rather than on running real estate.
“This is why managed workspaces have moved decisively from being an alternative to becoming the default choice. We see this shift accelerating, and we are building Smartworks to lead it.”
| Share price | ₹514.25 |
|---|---|
| Market capitalisation | ₹5,882.05 Cr |
| Revenue (annual) | ₹1,795.80 Cr |
| Net profit (annual) | ₹10.53 |
| P/E (TTM) | 211.03×Sector 34.38× |
| Promoter holding | 58.32%0.00% QoQ |
| FII holding | 0.28%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Smartworks Coworking Spaces Limited announcing new managed office deals worth approximately ₹305 Crore. Market figures from a third-party data provider.
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