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Sobha Ltd Share Price (SOBHA)

₹968.21.99%

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Overview
Fundamentals
Q2 '23 Results
Technicals
News and Events

Overview of Sobha Ltd

Key events for Sobha Ltd

  • Sobha Ltd Benefits from Strong Real Estate Sector - 04 Dec, 2023

    The real estate sector is experiencing a strong tailwind, benefiting almost every sector including Sobha Ltd. The economy is doing well and driving growth.

  • Realty Sector Outperforms with Sobha Gaining 31% - 01 Dec, 2023

    Sobha Ltd has gained 31% in the Realty sector's recent outperformance, along with Prestige Estates up by 65% and Brigade Enterprises up by 41%.

  • Mixed Day for Real Estate Stocks Including Sobha Ltd - 29 Nov, 2023

    Real estate stocks including Sobha Ltd had a mixed day of trading. However, the segment is looking good and listed developers are in a strong position due to consolidation.

  • Promoters Release Entire Pledged Holdings in Sobha Ltd - 18 Nov, 2023

    Sobha Ltd is one of the companies whose promoters have released their entire pledged holdings.

  • Promoters Release Entire Pledged Holdings in Sobha Ltd - 17 Nov, 2023

    Sobha Ltd is among the companies whose promoters have released their entire pledged holdings.

  • HDFC Securities Executive VP recommends Sobha Ltd for steady appreciation - 16 Nov, 2023

    Unmesh Sharma, Head Institutional Equities at HDFC Securities, believes that Sobha has reinvented itself with a clear focus on business growth and offers promise of steady appreciation from current levels.

  • HDFC Securities Recommends Buying Sobha Developers Stock - 15 Nov, 2023

    Sobha Ltd's stock sees an increase of 2-6% on NSE, supported by HDFC Securities' Buy recommendation with a 24% potential upside.

  • Sobha Ltd Achieves Record Q2FY24 Sales Bookings - 11 Nov, 2023

    Sobha Ltd achieved record gross sales bookings of 1.7msf worth INR17.2bn in Q2FY24, up 48% YoY. The company plans to launch at least 6-7msf of new projects in H2FY24 with a guidance of 15-20% growth in FY24 sales bookings.

  • Sobha Reports Highest Ever Bookings of INR 17.2 Billion - 10 Nov, 2023

    Sobha Ltd reported the highest ever bookings of INR 17.2 billion, up 48% YoY and 18% QoQ. Sales volume for the quarter stood at 1.7msf, up 26%/21% YoY/QoQ. The company delivered 0.8msf of projects in 2QFY24, leading to 22% YoY growth in residential segment revenue to INR5.4b. EBITDA increased 15% QoQ with a margin of 10.2%. BUY rating reiterated with 26% upside potential.

  • Sobha Reports Record Pre-Sales in Q2 - 08 Nov, 2023

    Sobha Ltd reports a record pre-sales figure of Rs 1,720 crore in Q2, with non-Bengaluru segment volumes more than doubling YoY. Jefferies raises target price to Rs 900.

  • Sobha Reports Decline in Q2 Net Profit Amidst Rising Expenses - 07 Nov, 2023

    Sobha Ltd's Q2 consolidated net profit fell 21.9% YoY to Rs 14.95 crore due to higher expenses, despite a rise in total income. The luxury property segment rebounded post-pandemic with record-breaking sales figures reported by Sobha.

  • Sobha Reports Fall in Q2 Profit Despite Strong Demand - 06 Nov, 2023

    Sobha Ltd's Q2 profit falls by nearly 22% due to higher land purchase costs, despite strong demand for luxury apartments. The company also launched two residential projects with EV charging facilities.

Analyst Rating for Sobha Ltd stock

based on 14 analysts

BUY
100.00%
Buy
0.00%
Hold
0.00%
Sell

Based on 14 analysts offering long term price targets for Sobha Ltd. An average target of ₹887.29

Source: S&P Global Market Intelligence

Sobha Ltd share Performance

  • ₹936.5
    ₹987.45
    ₹968.2
    downward going graph

    3.27%

    Downside

    Day's Volatility:5.26%

    Upside

    1.99%

    downward going graph
  • ₹412.1
    ₹987.45
    ₹968.2
    downward going graph

    57.44%

    Downside

    52 Weeks Volatility:59.42%

    Upside

    1.99%

    downward going graph
1 Month Return20.73 %
3 Month Return55.62 %
1 Year Return41.68 %
Previous Close₹949.30
Open₹965.95
Volume7.56L
Market Cap₹9,003.72Cr

Sobha Ltd Company Information

Founded in 1995, Sobha Limited (formerly known as Sobha Developers Limited) is a leading real estate developer that specializes in the business of construction, development, and sale of townships, residential and commercial projects. The company operates across 14 states in India, with a geographic presence in 27 cities and real estate projects aggregating to 29.33 million square feet of developable area. Over the years, the company has covered milestones, earning an ISO 9001 1994 series certification, receiving recognitions like the Brick and Mortar Award, and becoming a public company in 2006. In order to provide quality services, the company expanded operations to include manufacturing activities related to interiors, glazing, and metal works and concrete products, setting up an academy and R&D centre in 2003. In recent years, Sobha Limited has ventured into Joint Ventures, acquired several companies, and Buy Back of shares from shareholders. In FY 2020, the company completed 5.86 million square feet of developable area which included the launch of projects in Pune, Coimbatore, and Chennai with an area of 1.42 million square feet. Similarly, in FY 2022, the company executed and handed over 7.78 million square feet of projects. With 6 direct subsidiaries and 5 stepdown subsidiaries, Sobha Limited is a renowned real estate developer striving to provide quality services across India.

Share Price: ₹968.20 per share as on 04 Dec, 2023 04:01 PM
Market Capitalisation: ₹9,003.72Cr as of today
Revenue: ₹773.64Cr as on September 2023 (Q3 23)
Net Profit: ₹14.95Cr as on September 2023 (Q3 23)
Listing date: 20 Dec, 2006
Chairperson Name: Ravi PNC Menon
OrganisationSobha Ltd
HeadquartersBangalore
IndustryRealty
E-voting on sharesClick here to vote

Fundamentals of Sobha Ltd

Insights on Sobha Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 12.05 Cr → 14.95 Cr (in ₹), with an average increase of 19.4% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, SOBHA stock has moved up by 55.0%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 9.86% to 12.75% in Sep 2023 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 52.28% of holdings in Sep 2023 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Macrotech Developers Ltd has given 69.1% return, outperforming this stock by 27.4%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, DLF Ltd has given 197.8% return, outperforming this stock by 6.3%

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 3 quarters, 1.24K Cr → 773.64 Cr (in ₹), with an average decrease of 21.0% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 22.75% to 21.55% in Sep 2023 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 12.75% to 11.22% in Sep 2023 quarter

Sobha Ltd Valuation

Sobha Ltd in the last 5 years

  • Overview

  • Trends

Lowest (3.60x)

March 27, 2020

Today (83.79x)

December 1, 2023

Industry (141.23x)

December 1, 2023

Highest (116.51x)

September 6, 2021

LowHigh

Sobha Ltd Mutual Fund Holdings

Funds Holdings
Franklin India Focused Equity Fund Direct GrowthFranklin India Focused Equity Fund Direct Growth2.28%
Franklin India Smaller Companies Fund Direct GrowthFranklin India Smaller Companies Fund Direct Growth1.5%
HSBC Small Cap Fund Fund Direct GrowthHSBC Small Cap Fund Fund Direct Growth0.88%
HSBC Value Fund Direct Plan Growth OptionHSBC Value Fund Direct Plan Growth Option0.79%
Aditya Birla Sun Life Small Cap Fund Direct Plan GrowthAditya Birla Sun Life Small Cap Fund Direct Plan Growth0.85%

Sobha Ltd Shareholding Pattern

InvestorsHoldings %Prev. 3 periods3M change
Promoter Holdings
52.28%
0.00
Foreign Institutions
11.22%
-11.99
Mutual Funds
12.75%
29.29
Retail Investors
21.55%
-5.29
Others
2.2%
-6.64

Technicals of Sobha Ltd share

News & Events of Sobha Ltd

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Sobha Ltd (SOBHA) share price today is ₹968.2

Sobha Ltd is listed on NSE

Sobha Ltd is listed on BSE

  • Today’s highest price of Sobha Ltd is ₹987.45.
  • Today’s lowest price of Sobha Ltd is ₹936.5.

PE Ratio of Sobha Ltd is 83.79

PE ratio = Sobha Ltd Market price per share / Sobha Ltd Earnings per share

Today’s traded volume of Sobha Ltd(SOBHA) is 7.56L.

Today’s market capitalisation of Sobha Ltd(SOBHA) is ₹9003.72Cr.

Sobha Ltd(SOBHAPrice
52 Week High
₹987.45
52 Week Low
₹412.1

Sobha Ltd(SOBHA) share price is ₹968.2. It is down -1.95% from its 52 Week High price of ₹987.45

Sobha Ltd(SOBHA) share price is ₹968.2. It is up 134.94% from its 52 Week Low price of ₹412.1

Sobha Ltd(SOBHAReturns
1 Day Returns
18.9%
1 Month Returns
20.73%
3 Month Returns
55.62%
1 Year Returns
41.68%