# Realty - CoWorking — company-by-company sector analysis

> Realty - CoWorking: Wework India Management Ltd owns the largest revenue base; EFC (I) Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

Realty - CoWorking has underperformed NIFTY 500 by 14.4% over 52 weeks and 3.5% over 13 weeks. 1 of 3 covered companies beat NIFTY on Mansfield relative strength, while 0 of 2 beat the sector itself. Wework India Management Ltd leads with revenue of ₹2,589 crore, based on 4 of 4 comparable companies through Jun 2026.

### Is the Realty - CoWorking sector outperforming NIFTY 500?

Realty - CoWorking has underperformed NIFTY 500 by 14.4% over 52 weeks and 3.5% over 13 weeks. 1 of 3 covered companies beat NIFTY on Mansfield relative strength, while 0 of 2 beat the sector itself.

### Which Realty - CoWorking company is largest by revenue?

Wework India Management Ltd leads with revenue of ₹2,589 crore, based on 4 of 4 comparable companies through Jun 2026.

### Which Realty - CoWorking company is growing fastest?

EFC (I) Ltd has the fastest current revenue growth at 58.2%, across 4 of 4 comparable companies.

### Which Realty - CoWorking company has the strongest 4-Factor Sector Score?

EFC (I) Ltd ranks first at 50.1/100 with 69% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Realty - CoWorking company reports the most CAPEX?

Wework India Management Ltd reports the largest latest CAPEX at ₹110 crore, with 1 of 4 companies comparable.

### Which Realty - CoWorking company has the least gross debt?

EFC (I) Ltd has the lowest comparable gross debt at ₹1,406 crore. Wework India Management Ltd has the highest at ₹5,550 crore.

### How much history does this Realty - CoWorking comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

Realty - CoWorking has underperformed NIFTY 500 by 14.4% over the last 52 weeks. Over 13 weeks the gap is a lead of 3.5%. 1 of 3 covered companies currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. EFC (I) Ltd is the strongest against the sector itself at -17.6%. Readings are as of 2026-07-19.

13-week sector return versus NIFTY 500: 3.5%
52-week sector return versus NIFTY 500: -14%
Stocks leading NIFTY: 1/3
Stocks leading sector: 0/2

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 4
Combined market value: ₹20.2K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. EFC (I) Ltd (EFCIL): 50/100 — Mixed-positive evidence; evidence 69%
   - Growth & earnings 20.9/35 | Capital efficiency 16.2/25 | Valuation 10.0/20 | Relative strength 3.0/20
   - Exact sum: 20.9 + 16.2 + 10 + 3 = 50.1
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. Smartworks Coworking Spaces Ltd (SMARTWORKS): 45/100 — Thin evidence · provisional; evidence 54%
   - Growth & earnings 19.0/35 | Capital efficiency 4.4/25 | Valuation 10.0/20 | Relative strength 11.5/20
   - Exact sum: 19 + 4.4 + 10 + 11.5 = 44.9
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3. AWFIS Space Solutions Ltd (AWFIS): 38/100 — Mixed-negative evidence; evidence 73%
   - Growth & earnings 19.8/35 | Capital efficiency 8.5/25 | Valuation 10.0/20 | Relative strength 0.0/20
   - Exact sum: 19.8 + 8.5 + 10 + 0 = 38.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4. Wework India Management Ltd (WEWORK): 58/100 — Thin evidence · provisional; evidence 49%
   - Growth & earnings 25.2/35 | Capital efficiency 12.3/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Exact sum: 25.2 + 12.3 + 10 + 10 = 57.5
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Revenue Scale & Growth Durability

What the numbers say: Wework India Management Ltd is the scale leader at ₹2,589 crore, 31.9% ahead of Smartworks Coworking Spaces Ltd. EFC (I) Ltd's growth is 58.2% from a ₹1,038 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Wework India Management Ltd is the scale benchmark; EFC (I) Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Wework India Management Ltd's growth falls below EFC (I) Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Wework India Management Ltd · ₹2,589 crore | 31.9% versus #2 · Smartworks Coworking Spaces Ltd | 5/5 recent comparable periods | 4/4 companies · 46 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Wework India Management Ltd (WEWORK): ₹2.6K Cr
2. Smartworks Coworking Spaces Ltd (SMARTWORKS): ₹2.0K Cr
3. AWFIS Space Solutions Ltd (AWFIS): ₹1.5K Cr
4. EFC (I) Ltd (EFCIL): ₹1.0K Cr

### Revenue growth — fastest growers
1. EFC (I) Ltd (EFCIL): 58%
2. Smartworks Coworking Spaces Ltd (SMARTWORKS): 36%
3. Wework India Management Ltd (WEWORK): 27%
4. AWFIS Space Solutions Ltd (AWFIS): 24%

### 20-quarter Revenue history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹449 Cr | Sep 2024 ₹470 Cr | Dec 2024 ₹492 Cr | Mar 2025 ₹539 Cr | Jun 2025 ₹535 Cr | Sep 2025 ₹575 Cr | Dec 2025 ₹634 Cr | Mar 2026 ₹696 Cr | Jun 2026 ₹684 Cr
- SMARTWORKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹313 Cr | Sep 2024 ₹350 Cr | Dec 2024 ₹352 Cr | Mar 2025 ₹358 Cr | Jun 2025 ₹379 Cr | Sep 2025 ₹425 Cr | Dec 2025 ₹472 Cr | Mar 2026 ₹520 Cr | Jun 2026 ₹546 Cr
- EFCIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹4 Cr | Dec 2022 ₹26 Cr | Mar 2023 ₹60 Cr | Jun 2023 ₹56 Cr | Sep 2023 ₹98 Cr | Dec 2023 ₹172 Cr | Mar 2024 ₹93 Cr | Jun 2024 ₹102 Cr | Sep 2024 ₹166 Cr | Dec 2024 ₹177 Cr | Mar 2025 ₹211 Cr | Jun 2025 ₹220 Cr | Sep 2025 ₹255 Cr | Dec 2025 ₹270 Cr | Mar 2026 ₹293 Cr | Jun 2026 —
- AWFIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹160 Cr | Jun 2023 ₹188 Cr | Sep 2023 ₹208 Cr | Dec 2023 ₹221 Cr | Mar 2024 ₹232 Cr | Jun 2024 ₹258 Cr | Sep 2024 ₹292 Cr | Dec 2024 ₹318 Cr | Mar 2025 ₹340 Cr | Jun 2025 ₹335 Cr | Sep 2025 ₹367 Cr | Dec 2025 ₹382 Cr | Mar 2026 ₹410 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 19% | Sep 2025 22% | Dec 2025 29% | Mar 2026 29% | Jun 2026 28%
- SMARTWORKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 21% | Sep 2025 21% | Dec 2025 34% | Mar 2026 45% | Jun 2026 44%
- EFCIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 2,513% | Dec 2023 562% | Mar 2024 55% | Jun 2024 82% | Sep 2024 69% | Dec 2024 2.9% | Mar 2025 127% | Jun 2025 116% | Sep 2025 54% | Dec 2025 53% | Mar 2026 39% | Jun 2026 —
- AWFIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 45% | Jun 2024 37% | Sep 2024 40% | Dec 2024 44% | Mar 2025 47% | Jun 2025 30% | Sep 2025 26% | Dec 2025 20% | Mar 2026 21% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: Wework India Management Ltd leads opm at 64%; AWFIS Space Solutions Ltd leads margin change at +3 percentage points.

Investor read: Wework India Management Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Wework India Management Ltd · 64% | 1.6% versus #2 · Smartworks Coworking Spaces Ltd | 5/5 recent comparable periods | 4/4 companies · 47 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Wework India Management Ltd (WEWORK): 64%
2. Smartworks Coworking Spaces Ltd (SMARTWORKS): 63%
3. EFC (I) Ltd (EFCIL): 49%
4. AWFIS Space Solutions Ltd (AWFIS): 37%

### Margin change — fastest expanders
1. AWFIS Space Solutions Ltd (AWFIS): +3.0 pp
2. Wework India Management Ltd (WEWORK): +1.4 pp
3. Smartworks Coworking Spaces Ltd (SMARTWORKS): −1.0 pp
4. EFC (I) Ltd (EFCIL): −3.0 pp

### 20-quarter OPM history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 21% | Sep 2024 64% | Dec 2024 63% | Mar 2025 64% | Jun 2025 63% | Sep 2025 66% | Dec 2025 64% | Mar 2026 65% | Jun 2026 64%
- SMARTWORKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 61% | Sep 2024 61% | Dec 2024 62% | Mar 2025 65% | Jun 2025 64% | Sep 2025 64% | Dec 2025 65% | Mar 2026 65% | Jun 2026 63%
- EFCIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 88% | Sep 2022 31% | Dec 2022 20% | Mar 2023 58% | Jun 2023 52% | Sep 2023 41% | Dec 2023 35% | Mar 2024 56% | Jun 2024 45% | Sep 2024 48% | Dec 2024 52% | Mar 2025 52% | Jun 2025 47% | Sep 2025 44% | Dec 2025 41% | Mar 2026 49% | Jun 2026 —
- AWFIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 30% | Jun 2023 27% | Sep 2023 29% | Dec 2023 31% | Mar 2024 29% | Jun 2024 31% | Sep 2024 34% | Dec 2024 34% | Mar 2025 34% | Jun 2025 38% | Sep 2025 36% | Dec 2025 36% | Mar 2026 37% | Jun 2026 —

### 20-quarter Margin change history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 +42.1 pp | Sep 2025 +2.6 pp | Dec 2025 +1.0 pp | Mar 2026 +1.0 pp | Jun 2026 +1.4 pp
- SMARTWORKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 +3.0 pp | Sep 2025 +3.0 pp | Dec 2025 +3.0 pp | Mar 2026 0.0 pp | Jun 2026 −1.0 pp
- EFCIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 −35.5 pp | Sep 2023 +9.8 pp | Dec 2023 +15.0 pp | Mar 2024 −2.0 pp | Jun 2024 −7.0 pp | Sep 2024 +7.0 pp | Dec 2024 +17.0 pp | Mar 2025 −4.0 pp | Jun 2025 +2.0 pp | Sep 2025 −4.0 pp | Dec 2025 −11.0 pp | Mar 2026 −3.0 pp | Jun 2026 —
- AWFIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 −1.0 pp | Jun 2024 +4.0 pp | Sep 2024 +5.0 pp | Dec 2024 +3.0 pp | Mar 2025 +5.0 pp | Jun 2025 +7.0 pp | Sep 2025 +2.0 pp | Dec 2025 +2.0 pp | Mar 2026 +3.0 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: EFC (I) Ltd leads with ₹235 crore of TTM profit, 176.5% above Wework India Management Ltd. EFC (I) Ltd shows 66.7% growth from a ₹235 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: EFC (I) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: EFC (I) Ltd · ₹235 crore | 176.5% versus #2 · Wework India Management Ltd | 8/8 recent comparable periods | 4/4 companies · 46 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. EFC (I) Ltd (EFCIL): ₹235 Cr
2. Wework India Management Ltd (WEWORK): ₹85 Cr
3. AWFIS Space Solutions Ltd (AWFIS): ₹71 Cr
4. Smartworks Coworking Spaces Ltd (SMARTWORKS): ₹28 Cr

### Profit growth — fastest growers
1. EFC (I) Ltd (EFCIL): 67%
2. AWFIS Space Solutions Ltd (AWFIS): 4.4%

### 20-quarter Net profit history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹-30 Cr | Sep 2024 ₹204 Cr | Dec 2024 ₹-83 Cr | Mar 2025 ₹37 Cr | Jun 2025 ₹-14 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹17 Cr | Mar 2026 ₹66 Cr | Jun 2026 ₹-4 Cr
- SMARTWORKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹-23 Cr | Sep 2024 ₹-16 Cr | Dec 2024 ₹-16 Cr | Mar 2025 ₹-8 Cr | Jun 2025 ₹-4 Cr | Sep 2025 ₹-3 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹17 Cr | Jun 2026 ₹13 Cr
- EFCIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹1 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹9 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹21 Cr | Mar 2024 ₹28 Cr | Jun 2024 ₹16 Cr | Sep 2024 ₹37 Cr | Dec 2024 ₹40 Cr | Mar 2025 ₹48 Cr | Jun 2025 ₹47 Cr | Sep 2025 ₹57 Cr | Dec 2025 ₹62 Cr | Mar 2026 ₹69 Cr | Jun 2026 —
- AWFIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹-14 Cr | Jun 2023 ₹-8 Cr | Sep 2023 ₹-4 Cr | Dec 2023 ₹-6 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹39 Cr | Dec 2024 ₹15 Cr | Mar 2025 ₹11 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹16 Cr | Dec 2025 ₹22 Cr | Mar 2026 ₹23 Cr | Jun 2026 —

### 20-quarter Profit growth history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 -97% | Dec 2025 — | Mar 2026 79% | Jun 2026 —
- EFCIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 1,179% | Dec 2023 950% | Mar 2024 211% | Jun 2024 433% | Sep 2024 236% | Dec 2024 90% | Mar 2025 71% | Jun 2025 194% | Sep 2025 54% | Dec 2025 55% | Mar 2026 44% | Jun 2026 —
- AWFIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 1,000% | Jun 2025 233% | Sep 2025 -59% | Dec 2025 47% | Mar 2026 109% | Jun 2026 —

## Capacity Spending & Returns On It

What the numbers say: Wework India Management Ltd reports ₹110 crore of CAPEX; Wework India Management Ltd has the highest covered intensity at 19.1%. Coverage is only 1 of 4 companies and 4 reported observations, so this is partial evidence—not a complete sector rank.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: Wework India Management Ltd · ₹110 crore | Not enough peers | 4/4 recent comparable periods | 1/4 companies · 4 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders
1. Wework India Management Ltd (WEWORK): ₹110 Cr

### CAPEX intensity — highest reinvestment intensity
1. Wework India Management Ltd (WEWORK): 19%

### 20-quarter CAPEX history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹56 Cr | Sep 2024 ₹130 Cr | Dec 2024 — | Mar 2025 — | Jun 2025 ₹98 Cr | Sep 2025 ₹110 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 —

### 20-quarter CAPEX intensity history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 13% | Sep 2024 28% | Dec 2024 — | Mar 2025 — | Jun 2025 18% | Sep 2025 19% | Dec 2025 — | Mar 2026 — | Jun 2026 —

## Debt Load & Balance-Sheet Headroom

What the numbers say: AWFIS Space Solutions Ltd has the clearest covered balance-sheet capacity with ₹1,411 crore and gross debt of ₹1,501 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: EFC (I) Ltd · ₹1,406 crore | 6.3% versus #2 · AWFIS Space Solutions Ltd | Not enough history | 4/4 companies · 39 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. EFC (I) Ltd (EFCIL): ₹1.4K Cr
2. AWFIS Space Solutions Ltd (AWFIS): ₹1.5K Cr
3. Smartworks Coworking Spaces Ltd (SMARTWORKS): ₹4.8K Cr
4. Wework India Management Ltd (WEWORK): ₹5.6K Cr

### Net debt — lowest net debt
1. AWFIS Space Solutions Ltd (AWFIS): ₹1.4K Cr
2. Smartworks Coworking Spaces Ltd (SMARTWORKS): ₹4.5K Cr
3. Wework India Management Ltd (WEWORK): ₹5.2K Cr

### 20-quarter Gross debt history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹481 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹617 Cr | Jun 2024 ₹4.2K Cr | Sep 2024 ₹4.5K Cr | Dec 2024 — | Mar 2025 ₹310 Cr | Jun 2025 ₹4.3K Cr | Sep 2025 ₹4.8K Cr | Dec 2025 ₹4.8K Cr | Mar 2026 ₹5.6K Cr | Jun 2026 ₹5.6K Cr
- SMARTWORKS: Sep 2021 — | Dec 2021 — | Mar 2022 ₹248 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹3.9K Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹3.4K Cr | Jun 2024 ₹3.4K Cr | Sep 2024 — | Dec 2024 — | Mar 2025 ₹3.7K Cr | Jun 2025 ₹3.7K Cr | Sep 2025 ₹4.4K Cr | Dec 2025 ₹4.4K Cr | Mar 2026 ₹4.8K Cr | Jun 2026 ₹4.8K Cr
- EFCIL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹324 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹406 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹878 Cr | Jun 2025 — | Sep 2025 ₹1.1K Cr | Dec 2025 — | Mar 2026 ₹1.4K Cr | Jun 2026 —
- AWFIS: Sep 2021 — | Dec 2021 — | Mar 2022 ₹437 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹693 Cr | Jun 2023 ₹554 Cr | Sep 2023 — | Dec 2023 ₹709 Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹734 Cr | Sep 2024 ₹1.0K Cr | Dec 2024 ₹1.0K Cr | Mar 2025 ₹1.4K Cr | Jun 2025 ₹1.4K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹1.5K Cr | Mar 2026 ₹1.5K Cr | Jun 2026 —

### 20-quarter Net debt history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹4.0K Cr | Sep 2024 ₹4.3K Cr | Dec 2024 — | Mar 2025 ₹4.2K Cr | Jun 2025 ₹4.2K Cr | Sep 2025 ₹4.8K Cr | Dec 2025 ₹4.8K Cr | Mar 2026 ₹5.2K Cr | Jun 2026 ₹5.2K Cr
- SMARTWORKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹3.4K Cr | Sep 2024 — | Dec 2024 — | Mar 2025 ₹3.7K Cr | Jun 2025 ₹3.7K Cr | Sep 2025 ₹4.1K Cr | Dec 2025 ₹4.1K Cr | Mar 2026 ₹4.5K Cr | Jun 2026 ₹4.5K Cr
- AWFIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹494 Cr | Jun 2023 ₹547 Cr | Sep 2023 — | Dec 2023 ₹700 Cr | Mar 2024 ₹730 Cr | Jun 2024 — | Sep 2024 ₹841 Cr | Dec 2024 — | Mar 2025 ₹1.4K Cr | Jun 2025 — | Sep 2025 ₹1.4K Cr | Dec 2025 — | Mar 2026 ₹1.4K Cr | Jun 2026 —

## Return On Capital Employed

What the numbers say: Wework India Management Ltd leads ROCE at 20.7%, 0.9 percentage points above EFC (I) Ltd. Wework India Management Ltd has the strongest latest improvement at +4.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Wework India Management Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Wework India Management Ltd · 20.7% | 4.5% versus #2 · EFC (I) Ltd | 3/3 recent comparable periods | 4/4 companies · 13 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Wework India Management Ltd (WEWORK): 21%
2. EFC (I) Ltd (EFCIL): 20%
3. AWFIS Space Solutions Ltd (AWFIS): 13%
4. Smartworks Coworking Spaces Ltd (SMARTWORKS): 8.3%

### ROCE change — fastest improvers
1. Wework India Management Ltd (WEWORK): +4.2 pp
2. Smartworks Coworking Spaces Ltd (SMARTWORKS): +1.8 pp
3. AWFIS Space Solutions Ltd (AWFIS): 0.0 pp
4. EFC (I) Ltd (EFCIL): −1.0 pp

### 20-quarter ROCE history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 5.1% | Dec 2024 — | Mar 2025 10% | Jun 2025 11% | Sep 2025 11% | Dec 2025 15% | Mar 2026 11% | Jun 2026 15%
- SMARTWORKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 6.4% | Jun 2025 8.1% | Sep 2025 5.8% | Dec 2025 7.4% | Mar 2026 6.4% | Jun 2026 9.9%

### 20-quarter ROCE change history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 +6.1 pp | Dec 2025 — | Mar 2026 +1.0 pp | Jun 2026 +4.2 pp
- SMARTWORKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 0.0 pp | Jun 2026 +1.8 pp

## Valuation Against Growth & Quality

What the numbers say: There is not enough comparable evidence to name a reliable guarded peg leader.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/4 companies · 0 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG

### P/E — lowest P/E
1. EFC (I) Ltd (EFCIL): 12.5
2. AWFIS Space Solutions Ltd (AWFIS): 27.5
3. Wework India Management Ltd (WEWORK): 111.0
4. Smartworks Coworking Spaces Ltd (SMARTWORKS): 198.0

### 20-quarter Guarded PEG history

### 20-quarter P/E history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 49.7 | Mar 2026 122.7 | Jun 2026 118.6
- SMARTWORKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 -392.7 | Mar 2026 404.2 | Jun 2026 528.4
- EFCIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 150.6 | Sep 2023 44.4 | Dec 2023 56.4 | Mar 2024 35.0 | Jun 2024 44.8 | Sep 2024 33.3 | Dec 2024 37.3 | Mar 2025 22.5 | Jun 2025 25.1 | Sep 2025 21.6 | Dec 2025 17.7 | Mar 2026 10.7 | Jun 2026 —
- AWFIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 -551.9 | Sep 2024 134.3 | Dec 2024 88.5 | Mar 2025 69.3 | Jun 2025 107.7 | Sep 2025 80.1 | Dec 2025 68.0 | Mar 2026 30.9 | Jun 2026 —

## Enterprise Value & Book Value

What the numbers say: AWFIS Space Solutions Ltd leads both ev/ebitda at 5.3× and p/bv at 3.52×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: AWFIS Space Solutions Ltd · 5.3× | 33.8% versus #2 · EFC (I) Ltd | 0/8 recent comparable periods | 4/4 companies · 27 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. AWFIS Space Solutions Ltd (AWFIS): 5.3
2. EFC (I) Ltd (EFCIL): 8.0
3. Smartworks Coworking Spaces Ltd (SMARTWORKS): 8.3
4. Wework India Management Ltd (WEWORK): 9.2

### P/BV — lowest P/BV
1. AWFIS Space Solutions Ltd (AWFIS): 3.5
2. EFC (I) Ltd (EFCIL): 3.6
3. Smartworks Coworking Spaces Ltd (SMARTWORKS): 10.4
4. Wework India Management Ltd (WEWORK): 32.4

### 20-quarter EV/EBITDA history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 9.1 | Mar 2026 7.2 | Jun 2026 9.2
- SMARTWORKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 11.8 | Dec 2025 10.9 | Mar 2026 7.6 | Jun 2026 8.3
- EFCIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 18.6 | Sep 2023 17.1 | Dec 2023 17.8 | Mar 2024 12.5 | Jun 2024 16.9 | Sep 2024 12.6 | Dec 2024 15.6 | Mar 2025 10.9 | Jun 2025 10.3 | Sep 2025 10.0 | Dec 2025 12.3 | Mar 2026 8.0 | Jun 2026 —
- AWFIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 16.2 | Sep 2024 19.6 | Dec 2024 17.2 | Mar 2025 14.0 | Jun 2025 11.8 | Sep 2025 10.5 | Dec 2025 8.7 | Mar 2026 5.3 | Jun 2026 —

### 20-quarter P/BV history
- WEWORK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 40.2 | Mar 2026 30.4 | Jun 2026 31.3
- SMARTWORKS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 12.6 | Dec 2025 11.1 | Mar 2026 8.3 | Jun 2026 10.5
- EFCIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 3.3 | Mar 2023 1.0 | Jun 2023 8.9 | Sep 2023 11.2 | Dec 2023 10.8 | Mar 2024 9.9 | Jun 2024 26.6 | Sep 2024 5.7 | Dec 2024 7.2 | Mar 2025 5.5 | Jun 2025 7.6 | Sep 2025 6.0 | Dec 2025 5.1 | Mar 2026 4.3 | Jun 2026 —
- AWFIS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 14.2 | Sep 2024 11.6 | Dec 2024 12.0 | Mar 2025 11.1 | Jun 2025 10.1 | Sep 2025 8.7 | Dec 2025 7.0 | Mar 2026 3.6 | Jun 2026 —

## Market action

Smartworks Coworking Spaces Ltd has the strongest one-year price move in Realty - CoWorking at +5.2%. It also leads on Mansfield relative strength against NIFTY at +3%. 1 of 3 covered companies is above zero on that measure. Every line covers 313 weekly closes through 2026-07-24.

### Strongest one-year price performers
1. Smartworks Coworking Spaces Ltd (SMARTWORKS): 5.2%
2. EFC (I) Ltd (EFCIL): -42%
3. AWFIS Space Solutions Ltd (AWFIS): -58%

### Strongest relative strength versus NIFTY 500
1. Smartworks Coworking Spaces Ltd (SMARTWORKS): 3.0%
2. EFC (I) Ltd (EFCIL): -21%
3. AWFIS Space Solutions Ltd (AWFIS): -36%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
- 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
- Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.

## Every company
- Wework India Management Ltd (WEWORK) — market value ₹9.9K Cr; latest fundamentals Jun 2026
- Smartworks Coworking Spaces Ltd (SMARTWORKS) — market value ₹5.5K Cr; latest fundamentals Jun 2026
- EFC (I) Ltd (EFCIL) — market value ₹2.9K Cr; latest fundamentals Mar 2026; second-feed figures WITHHELD
- AWFIS Space Solutions Ltd (AWFIS) — market value ₹1.9K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures

## Source standing of each company

Cross-checked: 2. Unverified: 1. Withheld: 1. Graded companies: 4.

1 of 4 companies draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

1 of 4 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: EFC (I) Ltd (EFCIL) — its two data sources disagree by up to 276% on reported income across 15 comparable periods, so its derived ratios are withheld.

- WITHHELD | EFCIL | EFC (I) Ltd | diff_gt_2pct | disagreement up to 275.89% over 15 comparable periods

- UNVERIFIED | AWFIS | AWFIS Space Solutions Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Realty - CoWorking index?

The Nifty Realty - CoWorking index tracks India's listed Realty - CoWorking companies as a single basket. This page follows the same 4 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Realty - CoWorking sector rather than to its largest constituent. Figures are as of Jun 2026.

### Which are the best Realty - CoWorking stocks in India?

Ranked by this page's four-factor score, EFC (I) Ltd places first among 4 listed Realty - CoWorking companies, followed by Smartworks Coworking Spaces Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Realty - CoWorking stocks are listed in India?

This comparison covers 4 listed Realty - CoWorking companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

### Which Realty - CoWorking company is the biggest?

Wework India Management Ltd is the largest, with trailing-twelve-month revenue of ₹2,589 crore, ahead of Smartworks Coworking Spaces Ltd at ₹1,963 crore. That covers 4 of 4 companies with comparable reporting through Jun 2026.

### Which Realty - CoWorking company is growing fastest?

EFC (I) Ltd has the fastest revenue growth at 58.2% year on year, across 4 of 4 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Realty - CoWorking company has the best profit margins?

Wework India Management Ltd has the highest operating margin at 64%, from 4 of 4 comparable companies. AWFIS Space Solutions Ltd shows the biggest recent improvement, at +3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Realty - CoWorking company makes the most profit?

EFC (I) Ltd earns the most, at ₹235 crore of trailing-twelve-month net profit, from 4 of 4 comparable companies. EFC (I) Ltd has the fastest profit growth at 66.7%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Realty - CoWorking company earns the highest return on capital?

Wework India Management Ltd leads on return on capital employed at 20.7%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Realty - CoWorking company has the strongest balance sheet?

EFC (I) Ltd carries the lowest comparable gross debt at ₹1,406 crore, from 4 of 4 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Is the Realty - CoWorking sector beating the market?

Realty - CoWorking has underperformed NIFTY 500 by 14.4% over the last 52 weeks and 3.5% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Realty - CoWorking stock has the strongest price momentum?

Smartworks Coworking Spaces Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Realty - CoWorking company scores highest for research priority?

EFC (I) Ltd scores 50.1 out of 100 with 69% evidence confidence, from 20.9 points on growth and earnings, 16.2 on capital efficiency, 10 on valuation and 3 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Realty - CoWorking companies does this comparison cover, and over what period?

It compares 4 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Realty - CoWorking sector?

The 4 Realty - CoWorking companies on this page carry ₹20,215 crore of combined market value. Wework India Management Ltd is the largest at ₹9,867 crore, about 49% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### How is the Realty - CoWorking sector performing?

1 of the 3 covered Realty - CoWorking companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 14.4% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/realty-coworking