INDIQUBE vs SMARTWORKS: Stock Comparison

Indiqube Spaces Limited vs Smartworks Coworking Spaces Limited

Live data: 24 July 2026, 4:08 PM IST • Source: NSE and company filings

Smartworks Coworking Spaces Limited is the larger company by market capitalisation. Indiqube Spaces Limited shows a lower P/E, while Smartworks Coworking Spaces Limited shows a higher ROE, faster revenue growth and lower leverage. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.

Side-by-side comparison of Indiqube Spaces Limited and Smartworks Coworking Spaces Limited on live price, valuation, growth, profitability, leverage and quarterly shareholding. Highlighted values mark the more favourable of the two on that metric's usual reading; a single metric is never the full story.

On standard readings, INDIQUBE is more favourable on 3 of 13 scored metrics and SMARTWORKS on 8These counts are context-free and are not an overall rating.

Key Differences

Market Cap
SMARTWORKS is the larger company
₹5,474 Cr vs ₹3,789 Cr
P/E Ratio
INDIQUBE has a lower P/E
-36.06x vs 198.75x
P/B Ratio
INDIQUBE has a lower P/B
7.45x vs 10.44x
EPS
INDIQUBE has higher earnings per share
₹-5.27 vs ₹-10.37
Revenue Growth (TTM YoY)
SMARTWORKS has faster revenue growth
45% vs 35.2%
Qtr Sales Growth
SMARTWORKS has stronger quarterly sales growth
45% vs 35.2%
Qtr Profit Growth
SMARTWORKS has stronger quarterly profit growth
300% vs 27.7%
ROE
SMARTWORKS has a higher ROE
3.3% vs -42.2%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricINDIQUBESMARTWORKS
SectorServicesServices
IndustryDiversified Commercial ServicesDiversified Commercial Services

Price

MetricINDIQUBESMARTWORKS
Live Price₹181.31₹482.55
Day Change0.57%0.26%
Volume31,33736,916
52-Week High₹243.8₹619
52-Week Low₹131.15₹361.5
Distance from 52W High-25.63%-22.04%

Valuation

MetricINDIQUBESMARTWORKS
Market Cap₹3,789 Cr₹5,474 Cr
P/E Ratio-36.06x198.75x
P/B Ratio7.45x10.44x
EPS₹-5.27₹-10.37
Book Value₹24.32₹46.29
Dividend Yield0%0%

Growth

MetricINDIQUBESMARTWORKS
Revenue Growth (TTM YoY)35.2%45%
EPS Growth (TTM YoY)0%0%
Qtr Sales Growth35.2%45%
Qtr Profit Growth27.7%300%

Profitability & Leverage

MetricINDIQUBESMARTWORKS
ROE-42.2%3.3%
ROCE6.38%8.3%
Net Margin-7.02%-5.67%
Operating Margin60.8%64.3%
Debt to Equity10.1x9x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricINDIQUBESMARTWORKS
Promoter Holding60.11% 0.01 pp58.32% 0.14 pp
FII Holding2.16% 0.02 pp0.15% 0.18 pp
DII Holding14.35% 0.35 pp9.06% 0.09 pp
Public Holding23.38% 0.35 pp32.46% 0.07 pp

How to Read This Comparison

Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.

Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: Indiqube Spaces Limited and Smartworks Coworking Spaces Limited.

Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.