Smartworks Coworking Spaces Ltd Share Price – NSE  / BSE

Realty, Small Cap

Smartworks Coworking Spaces will hold a meeting of the Board of Directors of the Company on 15 January 2026.

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Smartworks Coworking Spaces has leased ~1.68 lakh sq. ft. in Kolkata to a leading global provider of information technology, consulting and business process services.

The IT major's new office is distributed across two Smartworks campuses - Victoria Park and Mediasiti, located in Kolkata's thriving commercial micro market at Salt Lake City, Sector V. This is the largest flex office deal signed in the Kolkata region.

Strategically located with excellent connectivity and a strong talent ecosystem, the new workspace offers tech-enabled environments, modern collaboration zones, meeting suites, recreation areas, wellness facilities and convenience stores - designed as holistic, experience-led spaces that support productivity, culture and scale for today's enterprises.

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The agency has also affirmed the company?s short term rating at 'CARE A1?.

CARE Ratings stated that the ratings assigned to bank facilities of Smartworks Coworking Spaces (SCSL) derive strength from continued improvement in scale of operations over the years through improving space under management and healthy occupancy levels.

CARE Ratings also notes SCSL?s listing on BSE and NSE from 17 July 2025, post a successful initial public offer (IPO), which subsequently improved SCSL?s financial risk profile leading to improved capital structure and debt coverage indicators.

CareEdge Ratings also notes that a major portion of IPO funds are to be utilised for future expansion.

The ratings also consider the company?s strong presence in the flexible, fully serviced workspace sector across India, and backing of reputable investors. The ratings further benefit from a diverse and reputed tenant profile, which reduces tenant concentration risk.

The presence of escrow mechanism and debt service reserve account (DSRA) and stable operating cash flows through timely collection of rent contribute to rating comfort.

However, ratings are constrained by continuous accounting losses in the past, resulting in leveraged capital structure till FY25, significant expansion plans in the near future that pose market risks, the potential risk of lease non-renewal after the lock-in period, exposure to macroeconomic conditions and cyclical nature of the competitive real estate industry.

Smartworks Coworking Spaces is engaged in flexible fully serviced workspace leasing business, with pan-India presence having total leasable areas of nearly 10.1 million square feet as on 30 June 2025.

The scrip fell 3.32% to currently trade at Rs 529.65 on the BSE.

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Net Loss of Smartworks Coworking Spaces reported to Rs 3.14 crore in the quarter ended September 2025 as against net loss of Rs 15.83 crore during the previous quarter ended September 2024. Sales rose 21.24% to Rs 424.78 crore in the quarter ended September 2025 as against Rs 350.37 crore during the previous quarter ended September 2024.

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