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Sobha Ltd (SOBHA)

₹1931.351.71%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 14 analysts

BUY

57.14%

Buy

14.29%

Hold

28.57%

Sell

Based on 14 analysts offering long term price targets for Sobha Ltd. An average target of ₹1803.98

Source: S&P Global Market Intelligence

Sobha Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,892.75
    ₹1,979.95
  • 52 Week's Low

    52 Week's High

    ₹538.3
    ₹2,160.79
1 Month Return-6.53 %
3 Month Return+ 21.67 %
1 Year Return+ 252.01 %
Previous Close₹1,964.90
Open₹1,979.95
Volume1.61L
Upper Circuit-
Lower Circuit-
Market Cap₹21,015.36Cr

Key Statistics

P/E Ratio389.64
PEG Ratio-69.01
Market Cap₹21,015.36 Cr
P/B Ratio1.74
EPS10.699091696765

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Franklin India Focused Equity Fund Direct GrowthFranklin India Focused Equity Fund Direct Growth4.24%
HSBC Small Cap Fund Fund Direct GrowthHSBC Small Cap Fund Fund Direct Growth1.7%
Franklin India Smaller Companies Fund Direct GrowthFranklin India Smaller Companies Fund Direct Growth1.8%
HSBC Value Fund Direct Plan Growth OptionHSBC Value Fund Direct Plan Growth Option1.69%
Mirae Asset Midcap Fund Direct GrowthMirae Asset Midcap Fund Direct Growth0.99%

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: ₹1931.35 per share as on 18 Jul, 2024 04:01 PM
Market Capitalisation: ₹21,015.36Cr as of today
Revenue: ₹762.86Cr as on March 2024 (Q1 24)
Net Profit: ₹7.03Cr as on March 2024 (Q1 24)
Listing date: 20 Dec, 2006
Chairperson Name: Ravi PNC Menon
OrganisationSobha Ltd
HeadquartersBangalore
IndustryRealty
E-voting on sharesClick here to vote

Key events for Sobha Ltd

  • Sobha Ltd's Heavy Debt Load and Weak Interest Coverage - 13 Jul, 2024

    Sobha Limited has a net debt of ₹18.9b with a high net debt to EBITDA ratio (6.9) and weak interest coverage, as EBIT is just 1.3 times the interest expense. However, it has produced more free cash flow than EBIT over the last three years.

  • Geojit Financial Services Initiates Coverage on Sobha with Sell Call - 09 Jul, 2024

    Domestic brokerage house Geojit Financial Services has initiated coverage on realty stock Sobha with a sell call and target price of ₹1,714, implying a potential downside of over 15%. While the residential segment is strong, issues like slower revenue recognition, lower margins, and struggling subsegments contribute to uncertainty.

  • Sobha Achieves Steady Pre-Sales Growth - 08 Jul, 2024

    Geojit Financial Services assigns a SELL rating on Sobha stock with a target price of Rs.1,714 based on NAV per share. Sobha achieved steady pre-sales growth of ~8%, with a booking value of Rs.6,644cr (+28% YoY). The company has a robust pipeline and strong demand.

  • ICICI Prudential Mutual Fund and Vanguard Emerging Markets Shares Index Fund trade Sobha Ltd-RE shares - 01 Jul, 2024

    ICICI Prudential Mutual Fund Units - ICICI Prudential Housing Opportunities Fund Series 1 and ICICI Prudential Equity Opportunities Fund Series-II bought a combined 0.24% stake in Sobha Ltd-RE, while Vanguard Emerging Markets Shares Index Fund sold its entire 0.24% stake. Life Insurance Corporation of India also sold 0.69 lakh shares.

  • Sobha Launches Rights Issue to Raise Funds - 27 Jun, 2024

    Realty firm Sobha Ltd is set to debut a rights issue aiming to raise up to Rs 2,000 crore primarily for debt repayment, equipment purchases, land acquisitions, and project expenses.

  • Sobha Ltd Falls 3.25% Amidst Decline in BSE Realty Index - 19 Jun, 2024

    Sobha Ltd's stock fell by 3.25% to trade at Rs 2085 amidst a decline in the BSE Realty index, which is down 0.1%. The company has added 13.93% over the last month compared to a 14.18% gain in the BSE Realty index and a 4.78% rise in the SENSEX.

  • Sobha Ltd Gains Multibagger Returns - 14 Jun, 2024

    Sobha Limited stock has delivered multibagger returns, rising 320% in two years. Antique Broking maintains it as a top pick with a revised target price of Rs 3,003 based on strong project pipeline and sales momentum.

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

    MF Holding Up

    img

    Mutual Funds have increased holdings from 16.01% to 16.41% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 year, SOBHA stock has moved up by 252.0%

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 713.75 Cr → 791.25 Cr (in ₹), with an average increase of 9.8% per quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, SOBHA has outperformed top 5 stocks with highest market-cap in Real Estate Rental, Development & Operations

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Phoenix Mills Ltd has given 366.3% return, outperforming this stock by 149.7%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 52.28% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 11.88% to 11.48% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 15.08 Cr → 7.03 Cr (in ₹), with an average decrease of 53.4% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 18.29% to 17.65% in Jun 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹762.86Cr
↑11.38%
Net Income
₹7.03Cr
↓53.38%
Net Profit Margin
0.92%
↓58.18%
2023Y/Y Change
Revenue
₹3,310.11Cr
↑29.24%
Net Income
₹104.21Cr
↓39.83%
Net Profit Margin
3.15%
↓53.40%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹12,151.68Cr
↑9.29%
Total Liabilities
₹9,810.61Cr
↑10.97%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹1,172.67Cr
↑45.98%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
52.28%
0.00
Foreign Institutions
11.48%
-3.38
Mutual Funds
16.41%
2.47
Retail Investors
17.65%
-3.51
Others
2.19%
42.27

Key Indicators

Sobha Ltd Valuation

Sobha Ltd in the last 5 years

  • Overview

  • Trends

Lowest (3.70x)

March 27, 2020

Industry (188.73x)

July 16, 2024

Today (389.64x)

July 16, 2024

Highest (420.99x)

June 14, 2024

LowHigh

Earnings and Dividends

  • Sobha Ltd Earnings Results

    Sobha Ltd’s net profit fell -85.53% since last year same period to ₹7.03Cr in the Q4 2023-2024. On a quarterly growth basis, Sobha Ltd has generated -53.38% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Sobha Ltd Dividends May,2024

    In the quarter ending March 2024, Sobha Ltd has declared dividend of ₹3 - translating a dividend yield of 0.31%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Sobha Ltd is currently in a Bullish trading position according to technical analysis indicators.

Frequently Asked Questions

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Sobha Ltd (SOBHA) share price today is ₹1931.35

Sobha Ltd is listed on NSE

Sobha Ltd is listed on BSE

  • Today’s highest price of Sobha Ltd is ₹1979.95.
  • Today’s lowest price of Sobha Ltd is ₹1892.75.

PE Ratio of Sobha Ltd is 389.64

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

Today’s traded volume of Sobha Ltd(SOBHA) is 1.61L.

Today’s market capitalisation of Sobha Ltd(SOBHA) is ₹21015.36Cr.

Sobha Ltd(SOBHAPrice
52 Week High
₹2160.79
52 Week Low
₹538.3

Sobha Ltd(SOBHA) share price is ₹1931.35. It is down -10.62% from its 52 Week High price of ₹2160.79

Sobha Ltd(SOBHA) share price is ₹1931.35. It is up 258.79% from its 52 Week Low price of ₹538.3

Sobha Ltd(SOBHAReturns
1 Day Returns
-33.55%
1 Month Returns
-6.53%
3 Month Returns
21.67%
1 Year Returns
252.01%