AWFIS Space Solutions Ltd
Incorporated in December 2014, Awfis Space Solutions Limited is a workspace solution provider in India.[1]Awfis Space Solutions provides a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customised office spaces for startups, small and medium enterprises as well as for large corporates and multi-national corporations. ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, and Emkay Global Financial Services Limited are the book-running lead managers to the public issue.
- Market Cap ₹ 3,636 Cr.
- Current Price ₹ 524
- High / Low ₹ 579 / 371
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 12.8 %
- ROE -8.57 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 40.8 to 32.5 days.
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 28.6%
- Company has a low return on equity of -30.5% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Miscellaneous Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 154 | 226 | 178 | 257 | 545 | 847 | |
| 187 | 223 | 125 | 189 | 388 | 602 | |
| Operating Profit | -33 | 3 | 53 | 68 | 157 | 245 |
| OPM % | -22% | 2% | 30% | 27% | 29% | 29% |
| 7 | -9 | 38 | 22 | 19 | 26 | |
| Interest | 5 | 9 | 47 | 49 | 73 | 93 |
| Depreciation | 31 | 54 | 87 | 98 | 150 | 196 |
| Profit before tax | -62 | -68 | -43 | -57 | -46 | -18 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% |
| -62 | -68 | -43 | -57 | -46 | -18 | |
| EPS in Rs | ||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 68% |
| TTM: | 55% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 17% |
| TTM: | 60% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -30% |
| Last Year: | -9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 30 | 30 | 30 | 30 | 30 | 19 |
| Reserves | -67 | -112 | -19 | 65 | 140 | 232 |
| Preference Capital | 119 | 141 | 139 | 0 | 0 | |
| 20 | 107 | 3 | 12 | 11 | 734 | |
| 214 | 252 | 494 | 453 | 750 | 411 | |
| Total Liabilities | 197 | 277 | 509 | 560 | 931 | 1,396 |
| 66 | 96 | 300 | 340 | 653 | 916 | |
| CWIP | 4 | 1 | 0 | 9 | 1 | 8 |
| Investments | 32 | 58 | 42 | 17 | 1 | 2 |
| 95 | 121 | 166 | 194 | 277 | 470 | |
| Total Assets | 197 | 277 | 509 | 560 | 931 | 1,396 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -11 | -8 | 68 | 83 | 195 | 229 | |
| -38 | -110 | -46 | -7 | -170 | -163 | |
| 62 | 113 | -19 | -80 | -28 | -65 | |
| Net Cash Flow | 12 | -5 | 3 | -4 | -3 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 9 | 9 | 31 | 54 | 36 | 33 |
| Inventory Days | 4 | 1 | ||||
| Days Payable | 359 | 180 | ||||
| Cash Conversion Cycle | 9 | 9 | 31 | -301 | -142 | 33 |
| Working Capital Days | -110 | -76 | 10 | -154 | -102 | -11 |
| ROCE % | -37% | -0% | -7% | 19% |
Documents
Announcements
- Closure of Trading Window 28 Jun
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27 Jun - Investor/Analyst Meet based on publicly available Information
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Jun - Newspaper Publication - Notice of Postal Ballot and Remote e-voting
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
26 Jun - Transcript of Earning on Financial results for the quarter and year ended March 31, 2024
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 26 Jun
Concalls
-
Jun 2024Transcript PPT REC
Leading Workspace Provider[1] Awfis Space Solutions is the largest flexible workspace solutions company with a presence in 52 micro markets across 16 cities in India. It had 169 centers with 105,258 total seats and a total chargeable area of 5.33 million square feet (msft) as on 31 December 2024.