Sobha Ltd
Sobha Limited, incorporated in 1995, is a real estate developer engaged in construction to operations of townships, housing projects, commercial premises, and other related activities.
The Co. is also engaged in manufacturing activities related to interiors, glazing and metal works, and concrete products. [1]
- Market Cap ₹ 14,590 Cr.
- Current Price ₹ 1,360
- High / Low ₹ 2,178 / 1,075
- Stock P/E 240
- Book Value ₹ 328
- Dividend Yield 0.22 %
- ROCE 7.12 %
- ROE 1.97 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 33.9%
- Debtor days have improved from 28.9 to 19.4 days.
Cons
- Stock is trading at 4.15 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -2.09% over past five years.
- Company has a low return on equity of 4.07% over last 3 years.
- Earnings include an other income of Rs.122 Cr.
* 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: Realty Industry: Construction
Part of BSE 500 Nifty 500 BSE SmallCap BSE Realty Nifty Realty
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,865 | 2,173 | 2,441 | 1,943 | 2,229 | 2,783 | 3,442 | 3,754 | 2,110 | 2,561 | 3,310 | 3,097 | 3,561 | |
1,316 | 1,571 | 1,823 | 1,499 | 1,809 | 2,263 | 2,769 | 2,639 | 1,435 | 2,028 | 2,941 | 2,820 | 3,299 | |
Operating Profit | 549 | 603 | 617 | 444 | 420 | 520 | 673 | 1,115 | 675 | 533 | 370 | 277 | 262 |
OPM % | 29% | 28% | 25% | 23% | 19% | 19% | 20% | 30% | 32% | 21% | 11% | 9% | 7% |
5 | 10 | 15 | 36 | 52 | 50 | 73 | 72 | 81 | 84 | 92 | 121 | 122 | |
Interest | 170 | 173 | 188 | 164 | 150 | 198 | 236 | 682 | 601 | 308 | 249 | 246 | 210 |
Depreciation | 59 | 69 | 72 | 60 | 64 | 54 | 62 | 72 | 79 | 72 | 68 | 78 | 87 |
Profit before tax | 324 | 370 | 372 | 257 | 258 | 317 | 448 | 433 | 75 | 237 | 145 | 74 | 88 |
Tax % | 33% | 37% | 34% | 46% | 38% | 32% | 34% | 35% | 17% | 27% | 28% | 34% | |
217 | 234 | 244 | 138 | 161 | 217 | 297 | 282 | 62 | 173 | 104 | 49 | 61 | |
EPS in Rs | 19.64 | 21.25 | 21.52 | 12.48 | 14.80 | 20.27 | 27.76 | 26.32 | 5.82 | 16.19 | 9.74 | 4.59 | 5.70 |
Dividend Payout % | 32% | 29% | 29% | 14% | 15% | 31% | 22% | 24% | 53% | 16% | 27% | 58% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | -2% |
3 Years: | 14% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | -14% |
5 Years: | -30% |
3 Years: | -7% |
TTM: | -33% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 49% |
3 Years: | 37% |
1 Year: | -21% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 5% |
3 Years: | 4% |
Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 98 | 98 | 98 | 98 | 96 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 101 |
Reserves | 2,039 | 2,193 | 2,334 | 2,467 | 2,548 | 2,675 | 2,134 | 2,336 | 2,333 | 2,328 | 2,400 | 2,419 | 3,405 |
1,379 | 1,404 | 2,059 | 2,180 | 2,222 | 2,331 | 2,604 | 3,131 | 3,052 | 2,529 | 2,027 | 1,940 | 1,545 | |
1,344 | 1,814 | 1,666 | 3,317 | 4,027 | 3,924 | 5,907 | 5,448 | 5,729 | 6,578 | 8,054 | 9,228 | 11,177 | |
Total Liabilities | 4,860 | 5,509 | 6,157 | 8,062 | 8,893 | 9,025 | 10,740 | 11,010 | 11,208 | 11,530 | 12,576 | 13,682 | 16,228 |
330 | 335 | 315 | 373 | 595 | 610 | 678 | 919 | 903 | 852 | 899 | 946 | 966 | |
CWIP | 0 | 41 | 52 | 45 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 0 |
Investments | 0 | 0 | 0 | 229 | 0 | 112 | 113 | 114 | 114 | 115 | 115 | 115 | 115 |
4,529 | 5,134 | 5,789 | 7,415 | 8,298 | 8,302 | 9,949 | 9,976 | 10,191 | 10,564 | 11,560 | 12,615 | 15,148 | |
Total Assets | 4,860 | 5,509 | 6,157 | 8,062 | 8,893 | 9,025 | 10,740 | 11,010 | 11,208 | 11,530 | 12,576 | 13,682 | 16,228 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
254 | 395 | -216 | 388 | 354 | 353 | 206 | 294 | 613 | 826 | 1,150 | 647 | |
-129 | -126 | -60 | -245 | 2 | -129 | -61 | -307 | -33 | 38 | -237 | -475 | |
-109 | -246 | 337 | -133 | -345 | -243 | -86 | -84 | -483 | -889 | -773 | -338 | |
Net Cash Flow | 16 | 23 | 61 | 11 | 10 | -18 | 58 | -97 | 96 | -25 | 140 | -166 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 32 | 41 | 26 | 47 | 37 | 43 | 35 | 35 | 34 | 50 | 17 | 19 |
Inventory Days | 5,289 | 10,072 | ||||||||||
Days Payable | 788 | 688 | ||||||||||
Cash Conversion Cycle | 32 | 41 | 26 | 47 | 37 | 4,544 | 35 | 35 | 34 | 50 | 9,401 | 19 |
Working Capital Days | 536 | 480 | 545 | 974 | 629 | 527 | 326 | 380 | 613 | 459 | 220 | 161 |
ROCE % | 15% | 15% | 14% | 9% | 8% | 10% | 14% | 21% | 12% | 10% | 8% | 7% |
Documents
Announcements
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Board Meeting Intimation for Sobha Limited Has informed About The Meeting Of The Directors To Be Held On May 29, 2025 To Consider And Approve Audited Standalone And Consolidated Financial Results And Statements, Recommend Dividend For The Year Ended March 31, 2025.
52m - Board meeting on May 29 to approve FY25 audited results and consider dividend recommendation.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
6 May - ICRA report confirms Sobha's Rs.1999cr Rights Issue proceeds used as per objects, no deviations or delays.
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Sobha Limited Has informed About Statement Of Deviation(S) Or Variation(S) Under Reg. 32 Of SEBI LODR Regulations 2015 Related To Rights Issue.
6 May - Sobha reports no deviation in utilization of INR 1,999 crore Rights Issue proceeds as of March 31, 2025.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
16 Apr - Sobha Limited confirms non-applicability of SEBI Large Corporate clause.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Sobha Limited has informed about the certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations, 2018.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Feb 2025Transcript PPT
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Aug 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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Feb 2016TranscriptNotesPPT
Business Segments H1FY25
A) Real Estate (81%): Development of residential and commercial properties under the SOBHA brand name with a significant focus on Luxury Projects.
B) Contractual and Manufacturing (19%): EPC contracts catering to external institutional clients. In Manufacturing it deals with Construction sector-related production capabilities like Concrete, Glazing, Interiors, etc., supporting in-house projects and servicing external clients. [1][2]