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 ₹ 15,774 Cr.
- Current Price ₹ 1,566
- High / Low ₹ 2,178 / 721
- Stock P/E 331
- Book Value ₹ 220
- Dividend Yield 0.19 %
- ROCE 7.21 %
- ROE 1.99 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 35.9%
- Debtor days have improved from 32.2 to 23.3 days.
- Company's working capital requirements have reduced from 260 days to 141 days
Cons
- Stock is trading at 7.11 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -1.64% over past five years.
- Company has a low return on equity of 4.11% over last 3 years.
- Earnings include an other income of Rs.129 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,803 | 2,113 | 2,382 | 1,907 | 2,175 | 2,597 | 3,359 | 3,756 | 2,097 | 2,547 | 3,328 | 3,092 | 2,836 | |
1,324 | 1,613 | 1,881 | 1,495 | 1,777 | 2,118 | 2,714 | 2,649 | 1,465 | 2,036 | 2,988 | 2,840 | 2,587 | |
Operating Profit | 479 | 500 | 501 | 412 | 397 | 479 | 644 | 1,107 | 632 | 511 | 340 | 252 | 249 |
OPM % | 27% | 24% | 21% | 22% | 18% | 18% | 19% | 29% | 30% | 20% | 10% | 8% | 9% |
7 | 16 | 19 | 31 | 35 | 48 | 75 | 75 | 94 | 88 | 98 | 131 | 129 | |
Interest | 143 | 137 | 152 | 153 | 148 | 195 | 229 | 673 | 576 | 299 | 242 | 240 | 233 |
Depreciation | 56 | 66 | 69 | 59 | 60 | 50 | 58 | 67 | 76 | 68 | 64 | 74 | 76 |
Profit before tax | 288 | 314 | 299 | 231 | 225 | 282 | 432 | 441 | 75 | 231 | 132 | 68 | 69 |
Tax % | 32% | 34% | 34% | 46% | 38% | 31% | 34% | 34% | 12% | 27% | 28% | 32% | |
197 | 207 | 199 | 125 | 140 | 194 | 287 | 289 | 66 | 169 | 95 | 47 | 48 | |
EPS in Rs | 17.77 | 18.67 | 18.00 | 11.28 | 12.91 | 18.13 | 26.78 | 27.05 | 6.13 | 15.81 | 8.91 | 4.35 | 4.44 |
Dividend Payout % | 35% | 33% | 34% | 16% | 17% | 34% | 23% | 23% | 51% | 17% | 30% | 61% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | -2% |
3 Years: | 14% |
TTM: | -22% |
Compounded Profit Growth | |
---|---|
10 Years: | -14% |
5 Years: | -30% |
3 Years: | -11% |
TTM: | -53% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 30% |
3 Years: | 19% |
1 Year: | 105% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 4% |
Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 98 | 98 | 98 | 98 | 96 | 95 | 95 | 95 | 95 | 95 | 95 | 95 |
Reserves | 2,019 | 2,145 | 2,248 | 2,357 | 2,418 | 2,522 | 1,983 | 2,192 | 2,192 | 2,183 | 2,246 | 2,263 |
1,119 | 1,134 | 1,854 | 2,151 | 2,182 | 2,258 | 2,536 | 3,015 | 2,942 | 2,456 | 1,963 | 1,885 | |
1,434 | 1,843 | 1,668 | 3,347 | 4,042 | 3,947 | 5,934 | 5,240 | 5,525 | 6,378 | 7,828 | 8,944 | |
Total Liabilities | 4,669 | 5,220 | 5,868 | 7,954 | 8,739 | 8,822 | 10,547 | 10,543 | 10,754 | 11,113 | 12,132 | 13,187 |
317 | 325 | 307 | 372 | 396 | 414 | 473 | 529 | 529 | 474 | 527 | 577 | |
CWIP | 0 | 41 | 52 | 45 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 5 |
Investments | 248 | 232 | 249 | 357 | 391 | 396 | 416 | 367 | 398 | 440 | 452 | 468 |
4,105 | 4,622 | 5,260 | 7,179 | 7,951 | 8,012 | 9,658 | 9,646 | 9,828 | 10,199 | 11,151 | 12,137 | |
Total Assets | 4,669 | 5,220 | 5,868 | 7,954 | 8,739 | 8,822 | 10,547 | 10,543 | 10,754 | 11,113 | 12,132 | 13,187 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
401 | 313 | -338 | 192 | 352 | 268 | 231 | 82 | 641 | 803 | 1,173 | 684 | |
-158 | -90 | -53 | -180 | -52 | -8 | -70 | -85 | -92 | -6 | -276 | -528 | |
-233 | -219 | 440 | -0 | -316 | -272 | -81 | -98 | -452 | -820 | -759 | -323 | |
Net Cash Flow | 9 | 4 | 49 | 11 | -15 | -13 | 80 | -101 | 98 | -23 | 138 | -168 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 33 | 43 | 29 | 47 | 33 | 41 | 34 | 34 | 34 | 50 | 23 | 23 |
Inventory Days | 6,724 | 7,206 | ||||||||||
Days Payable | 1,006 | 518 | ||||||||||
Cash Conversion Cycle | 33 | 43 | 29 | 47 | 33 | 5,759 | 34 | 34 | 34 | 50 | 6,712 | 23 |
Working Capital Days | 452 | 404 | 481 | 648 | 588 | 525 | 301 | 368 | 592 | 440 | 199 | 141 |
ROCE % | 14% | 14% | 12% | 9% | 8% | 10% | 14% | 22% | 12% | 10% | 8% | 7% |
Documents
Announcements
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Intimation Under Regulation 30
15 Oct - Advisory letter from NSE regarding compliance issue.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Oct
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Oct - Certificate under SEBI regulations for dematerialisation.
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SOBHA Operational Update_Q2 FY 2025
7 Oct - Real estate operational update for Q2 FY 2024-25.
- Closure of Trading Window 27 Sep
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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Business Segments FY23