Sobha Ltd

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

Sobha Ltd

₹ 1,591 -0.74%
26 Dec 3:32 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 ₹ 15,092 Cr.
  • Current Price ₹ 1,591
  • High / Low ₹ 2,178 / 946
  • Stock P/E 258
  • Book Value ₹ 313
  • Dividend Yield 0.19 %
  • ROCE 7.21 %
  • ROE 1.99 %
  • Face Value ₹ 10.0
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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 5.01 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 Nifty Total Market BSE 250 SmallCap Index Nifty Smallcap 250 BSE Realty Nifty Realty

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
777 610 712 571 647 891 1,219 889 744 695 764 633 912
606 474 635 511 566 798 1,113 834 675 623 708 581 841
Operating Profit 170 135 77 60 81 93 106 55 68 72 56 52 71
OPM % 22% 22% 11% 11% 13% 10% 9% 6% 9% 10% 7% 8% 8%
1 28 35 14 22 28 33 34 35 31 31 32 35
Interest 76 76 68 59 61 62 60 60 62 60 58 53 48
Depreciation 16 17 17 13 17 17 17 17 18 19 19 19 22
Profit before tax 80 71 28 2 25 42 63 12 23 24 9 13 36
Tax % 26% 24% 39% 58% 45% 13% 30% 34% 35% 27% 34% 30% 29%
59 54 17 1 14 37 44 8 15 18 6 9 26
EPS in Rs 5.50 5.01 1.56 0.08 1.28 3.42 4.11 0.75 1.38 1.66 0.56 0.84 2.39
Raw PDF

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: 33%
3 Years: 24%
1 Year: 62%
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%

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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