Smartworks Coworking Spaces Ltd. benchmarking: Performance to industry peers

Financial

	Smartworks Coworking	Awfis Space Solution	Indiqube Spaces
Operational Metrics
Hotels
Occupancy Rate	82.0 %	76.0 %	88.0 %
Real Estate
Leasable Area	16.1 Mn Sqft	8.1 Mn Sqft	9.66 Mn Sqft
Revenue Per Occupied Seat - Quarterly	27436.38 Rs	32303.81 Rs	28915.7 Rs
Operational Seats	369000.0 Nos	167000.0 Nos	215000.0 Nos
EBITDA per Occupied Seat - Quarterly	5210.64 Rs	11976.05 Rs	5683.68 Rs
Financials
5 yr Average ROE	0.0	2.96 %	1172.03 %
5yr average Equity Multiplier	71.49	5.16	-365.97
5yr Average Asset Turnover Ratio	0.21	0.5	0.2
5yr Avg Net Profit Margin	-10.75 %	-10.23 %	-35.8 %
Price to Book	10.53	3.95	6.98
P/E	530.94	30.83	0.0
5yr Avg Cash Conversion Cycle	5.26 Days	-2016.96 Days	-322.55 Days
Inventory Days	0.0	0.28 Days	0.0
Days Receivable	5.26 Days	29.55 Days	23.76 Days
Days Payable	0.0	3206.08 Days	450.59 Days
5yr Average Interest Coverage Ratio	0.55	0.52	-0.19
5yr Avg ROCE	5.07 %	4.13 %	-1.39 %
5yr Avg Operating Profit Margin	60.67 %	29.42 %	40.98 %
5 yr average Debt to Equity	7.7	0.08	-28.48
5yr CAGR Net Profit	-2.0 %	n/a	-5.62 %
5yr Average Return on Assets	-1.86 %	-4.43 %	-6.93 %
Shareholdings
Promoter Holding	58.32 %	17.0 %	60.1 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.08 %	-11.56 %	-0.5 %
Change in Mutual Fund Holding (3 Yrs)	1.2 %	28.83 %	4.05 %

	Smartworks Coworking	Awfis Space Solution	Indiqube Spaces
Product Wise Break-Up	Product Wise Break-Up Lease rentals 93.83 Ancillary services 3.56 Design and fitout service 2.53 Software fees 0.09 Facility Management Services 0 0 Rental income 0 0 Maintenance charges 0 Electricity charges 0	Product Wise Break-Up Maintenance charges 0 Design and fitout service 0 Rental income 67.68 0 Software fees 0 Facility Management Services 1.09 Electricity charges 0 Lease rentals 0 Construction Income and Fit-Out projects 23.04 Ancillary services 0 Others 8.19	Product Wise Break-Up Maintenance charges 4.83 Design and fitout service 0 Rental income 82.15 Sale of good (F&b, Furniture, IT & Electrical) 6.28 Software fees 0 Facility Management Services 0 Electricity charges 3.15 Lease rentals 0 0 Ancillary services 0 Others 3.59
Location Wise Break-Up	Location Wise Break-Up Maharashtra 40.17 Karnataka 23.37 Telangana 11.65 India 0 Tamil Nadu 0 Others 24.81	Location Wise Break-Up Maharashtra 0 Telangana 0 Karnataka 0 India 100.0 Tamil Nadu 0	Location Wise Break-Up Maharashtra 14.07 Telangana 0 Karnataka 62.98 India 0 Tamil Nadu 17.82 Others 5.13
Customer Wise Break-Up	Customer Wise Break-Up Information Technology 42.28 Business consulting & professional services 13.95 Engineering & Manufacturing 9.63 BFSI 8.92 Others 25.22	-	-
Asset Break-Up - Geography Wise	Asset Break-Up - Geography Wise India 99.27 Others 0.73	-	-