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 ₹ 15,182 Cr.
- Current Price ₹ 1,517
- High / Low ₹ 2,178 / 849
- Stock P/E 260
- Book Value ₹ 313
- Dividend Yield 0.20 %
- ROCE 7.21 %
- ROE 1.99 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- 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 4.84 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
Part of BSE 250 SmallCap Index Nifty Smallcap 250 BSE Allcap BSE Consumer Discretionary BSE SmallCap
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 | 3,005 | |
1,324 | 1,613 | 1,881 | 1,495 | 1,777 | 2,118 | 2,714 | 2,649 | 1,465 | 2,036 | 2,988 | 2,840 | 2,753 | |
Operating Profit | 479 | 500 | 501 | 412 | 397 | 479 | 644 | 1,107 | 632 | 511 | 340 | 252 | 252 |
OPM % | 27% | 24% | 21% | 22% | 18% | 18% | 19% | 29% | 30% | 20% | 10% | 8% | 8% |
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 | 219 |
Depreciation | 56 | 66 | 69 | 59 | 60 | 50 | 58 | 67 | 76 | 68 | 64 | 74 | 80 |
Profit before tax | 288 | 314 | 299 | 231 | 225 | 282 | 432 | 441 | 75 | 231 | 132 | 68 | 82 |
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 | 58 | |
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 | 5.45 |
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: | -20% |
Compounded Profit Growth | |
---|---|
10 Years: | -14% |
5 Years: | -30% |
3 Years: | -11% |
TTM: | -44% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 31% |
3 Years: | 25% |
1 Year: | 79% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 98 | 98 | 98 | 98 | 96 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 101 |
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 | 3,252 |
1,119 | 1,134 | 1,854 | 2,151 | 2,182 | 2,258 | 2,536 | 3,015 | 2,942 | 2,456 | 1,963 | 1,885 | 1,495 | |
1,434 | 1,843 | 1,668 | 3,347 | 4,042 | 3,947 | 5,934 | 5,240 | 5,525 | 6,378 | 7,828 | 8,944 | 10,844 | |
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 | 15,691 |
317 | 325 | 307 | 372 | 396 | 414 | 473 | 529 | 529 | 474 | 527 | 577 | 598 | |
CWIP | 0 | 41 | 52 | 45 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 0 |
Investments | 248 | 232 | 249 | 357 | 391 | 396 | 416 | 367 | 398 | 440 | 452 | 468 | 440 |
4,105 | 4,622 | 5,260 | 7,179 | 7,951 | 8,012 | 9,658 | 9,646 | 9,828 | 10,199 | 11,151 | 12,137 | 14,653 | |
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 | 15,691 |
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
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 2d
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 Nov - Audio recording of conference call available on website.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Nov
- Announcement under Regulation 30 (LODR)-Investor Presentation 14 Nov
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
14 Nov - Sobha Limited reports strong Q2 FY25 financial results.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from nse
-
Financial Year 2011
from bse
Concalls
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT REC
-
Jun 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Nov 2022TranscriptNotesPPT
-
Nov 2022TranscriptNotesPPT
-
Aug 2022Transcript PPT
-
Jun 2022TranscriptPPT
-
May 2022TranscriptPPT
-
May 2022TranscriptPPT
-
Jun 2021TranscriptPPT
-
Feb 2021TranscriptPPT
-
Nov 2020TranscriptPPT
-
Aug 2020TranscriptPPT
-
Jun 2020TranscriptPPT
-
Mar 2020TranscriptPPT
-
Nov 2019TranscriptPPT
-
Aug 2019TranscriptPPT
-
May 2019TranscriptPPT
-
Feb 2019TranscriptPPT
-
Nov 2018TranscriptPPT
-
Aug 2018TranscriptPPT
-
May 2018TranscriptPPT
-
Feb 2018TranscriptPPT
-
Aug 2017TranscriptNotesPPT
-
Nov 2016TranscriptNotesPPT
-
Sep 2016TranscriptNotesPPT
-
May 2016TranscriptNotesPPT
-
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]