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Sobha Ltd

(SOBHA)

₹1871.10.05%

as on 04:01PM, 19 Sep 2024

Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 14 analysts

HOLD

53.33%

Buy

13.33%

Hold

33.33%

Sell

Based on 14 analysts offering long term price targets for Sobha Ltd. An average target of ₹1905.57

Source: S&P Global Market Intelligence

Sobha Ltd Share analysis

Sobha Ltd price forecast by 14 analysts

Upside of1.89%

High

₹3003

Target

₹1905.57

Low

₹885

Sobha Ltd target price ₹1905.57, a slight upside of 1.89% compared to current price of ₹1871.1. According to 14 analysts rating.

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,810
    ₹1,894.9
  • 52 Week's Low

    52 Week's High

    ₹623.4
    ₹2,155.35
1 Month Return+ 8.99 %
3 Month Return-7.35 %
1 Year Return+ 179.43 %
Previous Close₹1,870.20
Open₹1,880.00
Volume2.55L
Upper Circuit-
Lower Circuit-
Market Cap₹18,921.93Cr

Key Statistics

P/E Ratio420.6
PEG Ratio-59.9
Market Cap₹18,921.93 Cr
P/B Ratio5.81
EPS5.04283489096573
Dividend Yield0.21
SectorRealty
ROE1.98

Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹18,921.93 Cr54.02%0.72₹49 Cr₹3,096 Cr
SELL₹31,534.20 Cr83.05%0.56₹414 Cr₹10,432 Cr
BUY₹33,252.37 Cr122.31%0.65₹401 Cr₹4,896 Cr
SELL₹1,10,214.16 Cr429.87%0.73₹1,574 Cr₹21,889 Cr
BUY₹16,596.76 Cr3.93%0.58-₹211 Cr₹3,035 Cr

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: ₹1871.10 per share as on 19 Sep, 2024 04:01 PM
Market Capitalisation: ₹18,921.93Cr as of today
Revenue: ₹640.40Cr as on June 2024 (Q2 24)
Net Profit: ₹6.06Cr as on June 2024 (Q2 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

  • Ravi Menon Elevated to Chairman of Sobha Group - 27 Aug, 2024

    Ravi Menon has been appointed chairman of Sobha Group, effective November 18, succeeding founder PNC Menon. The transition aims to enhance Sobha Realty's growth and innovation in luxury real estate.

  • Sobha Developers Poised for Growth with Strong Pipeline - 26 Aug, 2024

    Sobha Developers maintains a 4-6% market share in Bengaluru real estate. With a launch pipeline of 18msf, JM Financial projects annual launches of 8-9msf and presales growth to Rs 8,600 crore by FY26E, indicating potential upside for the land bank.

  • Sobha Reports Strong Q1FY25 Bookings Amid Price Target Increase - 23 Aug, 2024

    Sobha Ltd reported bookings of Rs 1,900 crore in Q1FY25, driven by the launch of Sobha Aranya in Gurugram. The company aims for Rs 8,000 crore in inventory launches and Rs 3,500 crore in bookings for FY25. Citi raised its target price to Rs 1,600 but maintained a Sell rating due to concerns over current valuations.

  • Sobha Reports Mixed Q1 Results Amid Sales Surge - 09 Aug, 2024

    Sobha Ltd reported a 50% drop in Q1FY25 net profit to Rs 6.1 crore, despite a 28% increase in overall sales value. The company anticipates growth from a strong project pipeline and recent rights issue.

  • Sobha Ltd Reports Significant Profit Decline in Q1 FY25 - 08 Aug, 2024

    Sobha Ltd's Q1 FY25 results show a 50% drop in net profit to Rs 6.06 crore, missing analyst expectations. Revenue also fell significantly, attributed to fewer launches and project delays. Despite strong housing demand, the company anticipates growth with new projects and a healthy sales pipeline.

  • Sobha Ltd. IT Infrastructure Targeted in Ransomware Attack - 05 Aug, 2024

    Shares of Sobha Ltd. fell nearly 8% after the company's IT infrastructure was targeted in a ransomware attack. The management responded swiftly to the breach, and immediate precautions were implemented to mitigate the impact. Sobha has reported no material impact on its operations.

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

    Price Rise

    img

    In the last 1 year, SOBHA stock has moved up by 179.4%

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 52.28% to 52.77% in Jul 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 16.41% to 16.75% in Jul 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Prestige Estates Projects Ltd has given 211.1% return, outperforming this stock by 31.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Prestige Estates Projects Ltd has given 373.5% return, outperforming this stock by 206.1%

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 791.25 Cr → 669.86 Cr (in ₹), with an average decrease of 15.3% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 11.48% to 10.93% in Jul 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 15.08 Cr → 6.06 Cr (in ₹), with an average decrease of 33.6% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 17.65% to 17.24% in Jul 2024 quarter

Company Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹907.91Cr (-)₹741.24Cr (↓18.36%)₹684.93Cr (↓7.60%)₹762.86Cr (↑11.38%)₹640.40Cr (↓16.05%)
Net Income₹12.05Cr (-)₹14.95Cr (↑24.07%)₹15.08Cr (↑0.87%)₹7.03Cr (↓53.38%)₹6.06Cr (↓13.80%)
Net Profit Margin1.33% (-)2.02% (↑51.88%)2.20% (↑8.91%)0.92% (↓58.18%)0.95% (↑3.26%)
Value in ₹ crore
Details2021202220232024
Total Assets₹10,754.09Cr (-)₹11,119.25Cr (↑3.40%)₹12,151.68Cr (↑9.29%)₹13,186.71Cr (↑8.52%)
Total Liabilities₹8,467.01Cr (-)₹8,841.02Cr (↑4.42%)₹9,810.61Cr (↑10.97%)₹10,828.78Cr (↑10.38%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹82.50Cr (-)₹641.06Cr (↑677.04%)₹803.31Cr (↑25.31%)₹1,172.67Cr (↑45.98%)₹684.05Cr (↓41.67%)

Index Inclusions

Nifty Realty

₹1,069.00

0.49 (5.25%)

Nifty Smallcap 250

₹18,270.40

-1.11 (-205.4%)

Nifty 500

₹23,853.95

-0.19 (-44.7%)

S&P BSE 250 SmallCap

₹7,399.09

-1.01 (-75.19%)

S&P BSE Realty

₹8,348.02

0.47 (39.34%)

S&P BSE 400 MidSmallCap

₹12,769.65

-0.61 (-78.92%)

Nifty MidSmallcap 400

₹20,684.65

-0.73 (-152.4%)

BSE Small-Cap

₹56,312.66

-1.06 (-603.27%)

BSE 500

₹37,616.67

-0.14 (-51.62%)

S&P BSE AllCap

₹11,001.59

-0.22 (-24.68%)

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
52.77%
0.95
Foreign Institutions
10.93%
-4.74
Mutual Funds
16.75%
2.12
Retail Investors
17.24%
-2.30
Others
2.29%
4.91

Key Indicators

Details20202021202220232024
Return On Equity %13.262.876.294.131.98
Details20202021202220232024
Return On Assets %2.670.581.560.860.37
Details20202021202220232024
Book Value Per Share (₹)249.49249.19248.7256.06258.05
Details20202021202220232024
Earning Per Share (₹)28.916.417.7810.75.04

Sobha Ltd Valuation

Sobha Ltd in the last 5 years

  • Overview

  • Trends

Lowest (3.70x)

March 27, 2020

Industry (178.36x)

September 18, 2024

Today (420.60x)

September 18, 2024

Highest (458.53x)

July 4, 2024

LowHigh

Earnings and Dividends

  • Sobha Ltd Earnings Results

    Sobha Ltd’s net profit fell -49.71% since last year same period to ₹6.06Cr in the Q1 2024-2025. On a quarterly growth basis, Sobha Ltd has generated -13.8% 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 0.32%.

    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 ₹1871.1

Sobha Ltd is listed on NSE

Sobha Ltd is listed on BSE

  • Today’s highest price of Sobha Ltd is ₹1894.9.
  • Today’s lowest price of Sobha Ltd is ₹1810.

PE Ratio of Sobha Ltd is 420.6

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

Today’s traded volume of Sobha Ltd(SOBHA) is 2.55L.

Today’s market capitalisation of Sobha Ltd(SOBHA) is ₹18921.93Cr.

Sobha Ltd(SOBHAPrice
52 Week High
₹2155.35
52 Week Low
₹623.4

Sobha Ltd(SOBHA) share price is ₹1871.1. It is down -13.19% from its 52 Week High price of ₹2155.35

Sobha Ltd(SOBHA) share price is ₹1871.1. It is up 200.14% from its 52 Week Low price of ₹623.4

Sobha Ltd(SOBHAReturns
1 Day Returns
0.9%
1 Month Returns
8.99%
3 Month Returns
-7.35%
1 Year Returns
179.43%