Sobha Ltd

Sobha Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sobha Ltd

₹ 1,625 -1.55%
11 Dec 3:55 p.m.
sobha.com BSE: 532784 NSE: SOBHA
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 15,411 Cr.
  • Current Price ₹ 1,625
  • High / Low ₹ 2,178 / 918
  • Stock P/E 284
  • Book Value ₹ 328
  • Dividend Yield 0.18 %
  • ROCE 7.12 %
  • ROE 1.97 %
  • Face Value ₹ 10.0
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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 4.96 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.118 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 Consumer Discretionary Nifty Smallcap 250 BSE 250 SmallCap Index Nifty 500 Multicap 50:25:25 Nifty MidSmallcap 400

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
780 622 710 565 670 868 1,210 908 741 685 763 640 934
601 472 633 492 575 779 1,094 843 666 611 701 584 856
Operating Profit 179 150 78 73 95 89 116 65 75 74 62 56 77
OPM % 23% 24% 11% 13% 14% 10% 10% 7% 10% 11% 8% 9% 8%
0 28 33 12 21 30 30 31 32 29 28 29 32
Interest 79 79 68 61 63 66 61 61 64 61 59 54 49
Depreciation 17 18 18 15 18 17 18 18 19 20 21 20 23
Profit before tax 84 81 25 8 34 35 67 17 25 21 11 11 36
Tax % 25% 25% 43% 46% 44% 9% 27% 30% 39% 29% 36% 45% 28%
63 61 14 5 19 32 49 12 15 15 7 6 26
EPS in Rs 5.90 5.70 1.33 0.43 1.79 2.97 4.54 1.13 1.40 1.41 0.66 0.57 2.44
Raw PDF

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 3,022
1,316 1,571 1,823 1,499 1,809 2,263 2,769 2,639 1,435 2,028 2,941 2,820 2,753
Operating Profit 549 603 617 444 420 520 673 1,115 675 533 370 277 269
OPM % 29% 28% 25% 23% 19% 19% 20% 30% 32% 21% 11% 9% 9%
5 10 15 36 52 50 73 72 81 84 92 121 118
Interest 170 173 188 164 150 198 236 682 601 308 249 246 224
Depreciation 59 69 72 60 64 54 62 72 79 72 68 78 84
Profit before tax 324 370 372 257 258 317 448 433 75 237 145 74 80
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 54
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 5.08
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: -19%
Compounded Profit Growth
10 Years: -14%
5 Years: -30%
3 Years: -7%
TTM: -49%
Stock Price CAGR
10 Years: 13%
5 Years: 33%
3 Years: 23%
1 Year: 64%
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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.99% 51.99% 51.99% 51.99% 51.99% 52.26% 52.28% 52.28% 52.28% 52.28% 52.28% 52.78%
18.06% 16.16% 15.02% 15.55% 15.06% 13.76% 12.74% 11.22% 11.13% 11.87% 11.48% 10.93%
12.66% 13.39% 13.00% 13.71% 13.75% 13.62% 12.21% 14.95% 17.23% 17.55% 18.60% 23.44%
17.29% 18.47% 19.99% 18.76% 19.20% 20.35% 22.76% 21.54% 19.36% 18.28% 17.65% 12.87%
No. of Shareholders 77,79587,09297,25091,58890,71892,4411,04,9041,02,77387,9811,00,2951,04,9941,11,676

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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