Operates a co-working office space network across India, renting flexible workspaces and allied services to enterprises, GCCs, and SMEs. The co-working segment on rent and allied services contributed 82.8% of FY26 segment revenue at INR 1,236.853 crore, while construction and fit-out projects (building and furnishing client offices) made up 17.2% at INR 256.631 crore. By end of FY26, the network ran 250 centers with approximately 167,000 operational seats across 18 cities, having added 30,000 gross seats across 41 new centers during the year, all positioned in Grade A or A+ buildings. GCC clients (100+) account for roughly 23% of rental revenue, and 48% of clients operate from multiple centers. The biggest cost line is other operating expenses at 52.4% of revenue (largely property rent and center operating costs), with depreciation at 25.7% and employee costs at 8.7%; FY26 capex was INR 208 crores. The design-build arm Awfis Transform generated INR 152 crores in third-party revenue in FY26, up from INR 95 crores in FY25, with a INR 130 crores pipeline already won for FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Co-working space on rent and allied services (83%), Construction and fit-out projects (17%), Others (0%). Asset-light flexible office operator with embedded design-build arm
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 849 | 1,208 | 1,493 |
| EBITDA (ex other income) | 245 | 427 | 550 |
| margin % | 28.9 | 35.4 | 36.8 |
| Owners' profit | (18) | 0 | 0 |
| EPS, as reported (₹) | (2.79) | 9.75 | 9.93 |
| ROE % · ROCE % | (7.0) · 8.0 | 14.8 · 11.5 | 12.8 · 13.5 |
| Debt / equity (x) | 0.13 | 0.05 | 0.09 |
| Cash from operations | 228 | 363 | 616 |
| Capex | (144) | (199) | (208) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 292 | 318 | 340 | 335 | 367 | 382 | 410 | 425 |
| Profit before tax | 39 | 15 | 12 | 10 | 16 | 22 | 24 | 24 |
| Net profit | 39 | 15 | 11 | 10 | 16 | 22 | 23 | 24 |
| EPS (₹) | 5.55 | 2.15 | 1.58 | 1.40 | 2.24 | 3.03 | 3.25 | 3.35 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Co-working space on rent and allied services | 1,237 | 82.8 |
| Construction and fit-out projects | 257 | 17.2 |
| Total, before eliminations | 1,493 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 13,611 | 22.3 | 9.15 | 13.1 | 47.8 | 58.1 | — | 64.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Awfis to attend Ambit Capital investor conference on Sep 8 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Awfis schedules analyst and institutional investor meetings on Sept 4 | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Newspaper ad about 12th AGM and e-voting info for Awfis Space Solutions | compliance | minimal | — | — |
| 27 Aug 2026 · Annual Report FY25-26 link shared; AGM set for Sep 21, 2026 | results | high | — | — |
| 27 Aug 2026 · Awfis submits BRSR sustainability report for FY 2025-26 | compliance | minimal | — | — |
| 27 Aug 2026 · 12th AGM notice and FY26 annual report filed | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · Notice of 12th AGM and FY26 Annual Report | board shareholder meetings | medium | — | — |
| 25 Aug 2026 · Awfis 12th AGM scheduled for September 21, 2026 via video conferencing | compliance | minimal | — | — |
| 19 Aug 2026 · Awfis Q1 FY27: Revenue up 27%, guides FY27 cash EBITDA INR190-200 cr | investor communications | medium | — | — |
| 19 Aug 2026 · Awfis, Zinnov launch report on India GCCs and workspace shift | business updates | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| WEWORK INDIA MANAGEMENT L |
| 9,297 |
| 106.7 |
| 31.07 |
| 5.9 |
| 25.0 |
| 1.0 |
| — |
| 66.5 |
| NESCO LTD. | 7,728 | 18.6 | 2.58 | 13.1 | 13.8 | 14.8 | 26.2 | 68.9 |
| INOX GREEN ENERGY SER LTD | 7,175 | 57.5 | 4.18 | 42.6 | 6.0 | 9.0 | — | 131.6 |
| SMARTWORKS COWORKING SP L | 6,079 | 218.0 | 11.45 | 5.1 | 2.0 | 0.3 | — | 65.8 |
| NIRLON LTD | 5,526 | 16.0 | 11.79 | — | 73.8 | 18.1 | — | 79.4 |
| QUESS CORP LIMITED | 5,174 | 20.4 | 4.43 | 15.6 | 19.0 | 14.4 | 7.1 | 2.6 |
| INDIQUBE SPACES LIMITED | 4,272 | — | 8.30 | — | (20.7) | (2.5) | — | 67.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 24.7 | 14.3 | 62 of 89 | 31% |
| P/B | 3.8 | 1.5 | 68 of 92 | 26% |
| ROCE | 3.8 | 3.2 | 50 of 105 | 53% |
| ROE | 12.8 | 3.1 | 29 of 116 | 76% |
| Debt / Equity | 0.1 | 0.0 | 71 of 116 | 39% |
| EBITDA margin | 43.8 | 25.4 | 34 of 92 | 64% |
| Revenue growth | 27.0 | 16.2 | 37 of 91 | 60% |
| Profit growth | 140.2 | 5.2 | 23 of 110 | 80% |
| Market cap | 2102 | 56 | 13 of 104 | 88% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
