Fin Cascade
Get Android appGet iOS app

Prices as of 9 Oct 2026 close · Not investment advice

Awfis Space Solutions Limited

NSE: AWFISDiversified Commercial Services

Share price

₹247.03

+3.74% close of 9 Oct 2026

Market cap ₹1,779 CrP/E 20.9

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

68

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1,779 Cr

P/E ratio

20.9

P/B ratio

3.2

ROCE

13.2%

ROE

14.0%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹629.6052-week low ₹230.65

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 23.3% over the past year, and 33.3% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 29.7% to 36.9% over the last two years.

Whether it grew faster than its sector

It grew 33.3% a year against a sector median of 9.8% — 23.5 percentage points faster.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 0.4 times its growth rate, on earnings growth of 53%.

Profit growthPrice per ₹1 profitPer 1% growth
Awfis Space Solutions Limited — this one53%/yr20.9×₹0.39
International Gemmological Institute (India) Limited43%/yr21.7×₹0.51
WeWork India Management Limited36%/yr101.5×₹2.8
Indiabulls Limited50%/yr16.9×₹0.34
Nesco Limited11%/yr17.4×₹1.6
Leap India Limited81%/yr116.0×₹1.4

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Diversified Commercial Services), it ranks 18 of 40 on returns, 3 of 36 on growth, 17 of 40 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 13.2% on capital, ahead of 55% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1486 crore of cash from the business, spent ₹783 crore on plant and equipment, and returned ₹677 crore to lenders and shareholders. It has not made a profit over 8 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 10 checks clear · 70%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue grew 27% to INR425 crore while management kept full-year growth on track but softened parts of the FY27 outlook.

Announced 13 Aug 2026 · Consolidated · Unaudited

Revenue

₹425 Cr

Revenue vs last year

+26.8%

Revenue vs last quarter

+3.6%

Net profit

₹24 Cr

Profit vs last year

+139.6%

Profit vs last quarter

+4.2%

Net margin

5.6%

EPS

₹3.35

Earnings call transcript · 13 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹1,779 Cr
Prev close
₹247.03
52w High
₹639
52w Low
₹229
Enterprise value
₹3,190 Cr
Beta
1.3
Price CAGR 1y
-57.0%
Price CAGR 3y
—
Price CAGR 5y
—
Price CAGR 10y
—

Ratios

Return on assets
2.4%
PEG ratio
0.4
P/E ratio
20.9
P/B ratio
3.2
EV / EBITDA
5.5
Industry P/E
16.8
ROCE
13.2%
ROCE 5y average
7.6%
ROE
14.0%
Debt / Equity
2.7
Interest coverage
1.4
Dividend yield
0.0%
ROE 3y average
—
ROE last year
14.0%

Annual P&L

Annual revenue
₹1,493 Cr
Annual profit
₹71 Cr
Operating margin
37.0%
Net profit margin
4.8%
EBITDA margin
36.8%
Sales growth 3y
39.9%
Sales growth 5y
53.0%
Profit growth 3y
53.0%
Profit growth 5y
29.0%
EPS
₹9.9
Sales growth TTM
23.0%
Profit growth TTM
70.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹425 Cr
Profit latest quarter
₹24 Cr
YoY quarterly sales growth
27.0%
YoY quarterly profit growth
140.0%
OPM latest quarter
38.2%

Balance Sheet

Book Value
₹76.8
Face Value
₹10.0
Total debt
₹1,501 Cr
Total cash
₹90 Cr
Borrowings
₹1,501 Cr
Reserves / Equity
6.7

Cash Flow

Operating cash flow
₹616 Cr
Free cash flow
₹406 Cr
FCF yield
12.3%
Net cash flow
₹16 Cr

Shareholding

Promoter holding
17.0%
FII holding
26.9%
DII holding
38.5%
Public holding
17.6%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
International Gemological Instit317.0522.513,6930.80165.731.0370.823.269.3
Wework India673.15108.09,3480.00-4.668.7680.227.420.6
Indiabulls32.4915.77,5820.00141.035647.5359.5292.316.2
NESCO1,028.9017.47,2580.68100.04.0211.89.618.5
NDR INVIT Trust153.0070.47,0081.7236.0-5.4124.022.15.1
Leap India148.03111.96,5230.0024.730.2203.419.18.3
Inox Green135.8746.55,7030.0040.884.843.3-23.08.1
AWFIS Space250.7521.11,7900.0024.0140.1424.927.013.2
Median162.8016.74290.008.438.283.815.714.8

Competes with: CMS Info Systems Limited, Indiabulls Limited, Inox Green Energy Services Limited, International Gemmological Institute (India) Limited, Leap India Limited, Nesco Limited, Nirlon Limited, Smartworks Coworking Spaces Limited, WeWork India Management Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales188208221232258292318340335367382410425
Expenses137148153165179192210224208235243258263
Material Cost000000
Change in Inventories0.05-0.45-0.10-0.06-0.03-0.05
Purchases of Stock-in-Trade8.257.957.078.059.3011
Employee Cost303033363133
Other Expenses186171194199218219
Operating Profit5160676779100107116127132139152162
OPM %27293129313434343836363738
Other Income5759103415201826291924
Exceptional items (within Other Income)0.1900000
Interest21232524283035434647474649
Depreciation4348545158657281899599101113
Profit before tax-8-4-6133915121016222424
Tax %0000000742212
Net Profit-8-4-6133915111016222324
EPS in Rs0.405.512.141.581.402.233.033.253.35
Diluted EPS in Rs1.571.402.212.983.253.34

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1542261782575458491,2081,4931,584
Expenses187223125189388603801944998
Material Cost00
Change in Inventories0.07-0.64
Purchases of Stock-in-Trade3032
Employee Cost136130
Other Expenses640782
Operating Profit-3335368157246407550586
OPM %-221.5030272929343737
Other Income7-938221925749398
Exceptional items (within Other Income)250
Interest5947497393136186189
Depreciation31548798150196276384409
Profit before tax-62-68-43-57-47-18697286
Tax %00000012
Net Profit-62-68-43-57-47-18687185
EPS in Rs9.569.9012
Diluted EPS in Rs9.679.92
Dividend Payout %00000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
53%
3 years
40%
TTM
23%

Compounded profit growth

10 years
—
5 years
29%
3 years
53%
TTM
70%

Stock price CAGR

10 years
—
5 years
—
3 years
—
1 year
-57%

Return on equity

10 years
—
5 years
—
3 years
—
Last year
14%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3030303030197172
Reserves-67-112-19-75-54-113388481
Borrowings1392484014376931,0791,4131,501
Other Liabilities9411196167261413635857
Minority Interest0
Total Liabilities1972775095609311,3982,5072,910
Fixed Assets66963003406539161,5801,701
CWIP4109191812
Investments325842160000
Other Assets951211661942774739091,196
Total Assets1972775095609311,3982,5072,910

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-11-85783195229363616
Cash from Investing Activity-38-110-38-7-170-163-203-220
Cash from Financing Activity62113-17-80-28-65-124-380
Net Cash Flow12-53-4-323616
Free Cash Flow-54-9321143684164406

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days99314432323634
Cash Conversion Cycle99314432323634
Working Capital Days-110-74-86-160-107-71-88-98
ROCE %-37-0-2591313

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters292820202017171717
FIIs232121192125272627
DIIs142129343841404039
Public353029262117161718
No. of Shareholders22,98036,58938,91039,12242,51545,11447,46748,38949,296

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -58.4% (₹593.25 → ₹247.03)Brick size ₹12.65 (fixed)Bricks 64
₹400₹600₹247Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹247.03 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

company capacity utilisation %

76.00pct

2026-06-30

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

1,411inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,68,18,646inr

2026-03-31

News

News and filings about Awfis Space Solutions Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Services
Industry
Diversified Commercial Services
Classification
Services › Diversified Commercial Services
ISIN
INE108V01019

Business segments

  • Co-working space on rent and allied services · 83%
  • Construction and fit-out projects · 17%

News impact

Big market events that reach Awfis Space Solutions Limited, and how the effect spreads.

Who it hits first

  • Smartworks Coworking Spaces, which runs shared offices for companies, will invest Rs 550-600 crore each year for three years to add 3 million sq ft yearly.
  • It aims for over 20 million sq ft as its contracted future rent — rent already booked — nears Rs 6,000 crore, confirming strong demand.
  • The build lifts Smartworks' growth story while giving listed coworking and office-service peers a small demand-comfort boost.

Who may gain

  • Smartworks holders gain confidence from the Rs 6,000 crore bookings backing the Rs 600 crore yearly build.
  • Coworking and office-service peers like AWFIS, WEWORK, LEAPIND, IBULLSLTD and QUESS get a small sentiment lift as strong demand is confirmed.

Along the supply chain

Downstream

Tenant companies that rent Smartworks desks, including banks and IT firms in the graph, get more choice as supply grows but see no earnings change from the landlord's capex.

Upstream

No listed supplier appears in the graph — builders, furniture makers and fit-out contractors who build the new 3 million sq ft yearly win work, but none is a named listed peer here.

Where demand moves

Business

Companies needing offices see more Smartworks supply coming, which keeps rents in check and confirms hiring-linked demand, but no new leases are signed yet.

Capital

Growth money tilts toward Smartworks on the Rs 6,000 crore visibility and drifts lightly to coworking peers, while tenant stocks like banks and IT see no flow.

How it spreads across sectors

Realty

Managed-office demand looks firm as Rs 6,000 crore of future rent backs new supply, supporting office landlords' mood without moving home sales.

Services

Flexible-office operators get a small confidence read-through, though more Smartworks supply means tighter rivalry for tenants over time.

A pattern seen before

Cascade chain

  • Smartworks Rs 600cr yearly capex → 3m sq ft office additions
  • New office supply → fit-out and furnishing work for contractors
  • Rs 6,000cr booked rent → comfort for office-service peers

Pattern name

Govt Capex Cascade

Patterns

  • Govt Capex Cascade

Sectors queried

  • Banking
  • Capital Goods
  • Cement
  • Infrastructure
  • Steel

When it plays out

Immediate

Smartworks edges up on the Rs 600 crore yearly plan and Rs 6,000 crore bookings; peers tick up lightly.

Medium term

Delivery decides — filled new centres lift Smartworks and confirm demand for rivals, while empty space pressures all operators.

Short term

Peers hold small gains if office leasing stays strong; any delay in Smartworks' 3 million sq ft adds caps cheer.

Who it hits first

  • Smartworks Coworking Spaces, which runs managed offices for mid-to-large firms, locked in new corporate leases worth Rs 305 crore of rent over five years.
  • That contracted rent lifts its occupancy (share of offices filled) and gives clearer revenue for the next five years.
  • The client tenants pay that rent, so their office costs rise while Smartworks collects.

Who may gain

  • Smartworks Coworking Spaces gains most through Rs 305 crore of locked future rent.
  • Close managed-office peers like Awfis Space Solutions, WeWork India and EFC India get a mild sympathy lift as the deals prove corporate demand is healthy.
  • Office landlords and fit-out vendors see slightly better prospects as filled managed offices need buildings and furnishings.

Along the supply chain

Downstream

Downstream are the corporate tenants, including Groww (stock brokerage), Kotak Mahindra Bank, Tech Mahindra, Persistent Systems and L&T Technology Services (technology firms) and Schaeffler (auto parts), who receive ready-to-use offices but pay the Rs 305 crore rent over five years.

Upstream

No supplier is named in the pack, so no direct upstream order flows; in practice Smartworks rents buildings from property owners and buys fit-out, furniture and cleaning work, who get mild follow-on demand as new space fills.

Where demand moves

Business

Corporate tenants give business to Smartworks: they sign multi-year managed-office deals, paying rent that becomes Smartworks revenue over five years, which in turn supports building owners and office-service vendors with steadier occupancy.

Capital

Investors may bid up Smartworks and, lightly, its listed flexible-office peers on stronger occupancy hopes, while putting no new money behind the tenant companies who simply bear higher rent.

How it spreads across sectors

Realty

Mildly positive as Rs 305 crore of office leases support occupancy hopes for office owners like DLF Limited and Prestige Estates Projects.

Services

Mildly positive for managed-office and facility peers as corporate demand looks firm, though only Smartworks gets the rent.

When it plays out

Immediate

In 1-7 days Smartworks shares react to the Rs 305 crore lease news and peers see light sympathy moves.

Medium term

In 1-6 months quarterly rent and occupancy confirm whether the five-year Rs 305 crore path holds.

Short term

In 1-4 weeks occupancy updates and lease-start details show how fast the rent begins.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 3 rows from NSE's archive (replace 1, delete 1, insert 1), 2025-03-18..2026-02-01 (docs/flat_day_repair.md)1× · 18 Mar 2025

Bulk & block deals

DateWhoBought / soldSharesPrice
11 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL14,96,429₹283.37
11 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY14,92,529₹283.13
11 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDBUY9,73,727₹283.61
11 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDSELL9,73,727₹283.81
11 Sep 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY6,63,418₹283.91
11 Sep 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL6,63,418₹284.03
11 Sep 2026QE SECURITIES LLPSELL5,33,070₹281.57
11 Sep 2026QE SECURITIES LLPBUY5,28,030₹280.41
11 Sep 2026IRAGE BROKING SERVICES LLPBUY4,70,918₹283.82
11 Sep 2026VINSUL MAKARDI LTDBUY3,80,106₹285.20

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.