Sobha

Mid Cap 12.8k Result

₹1,031.9

64.75 (6.69%)

Advice
Buy

As on 11 December, 2023 | 01:09 BSE: 532784 NSE: SOBHAISIN: INE671H01015

Sobha Performance

Day Range

Low 955.00
High 1,057.00

₹ 1,031.9

52 Week Range

Low 412.10
High 1,057.00

₹ 1,031.9

Open Price955.00
Previous Close967.15
Volume2523453

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Sobha Share Price

Over 1 Month 30.75%
Over 3 Month 51.27%
Over 6 Month 93.51%
Over 1 Year 68.45%

Sobha Key Statistics

P/E Ratio	91.1
PEG Ratio	4.9
Market Cap Cr	9,787
Price to Book Ratio	3.9
EPS	10
Dividend	0.3
Relative Strength Index	79.27
Money Flow Index	82.5
MACD Signal	47.56
Average True Range	41.41

Sobha Investment Rating

Master Rating:
Sobha has an operating revenue of Rs. 3,727.25 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 4% needs improvement, ROE of 4% is fair but needs improvement. The stock from a technical standpoint is comfortably placed above its key moving averages, around 28% and 68% from 50DMA and 200DMA. From an O'Neil Methodology perspective, the stock has an EPS Rank of 30 which is a POOR score indicating inconsistency in earnings, a RS Rating of 85 which is GOOD indicating the outperformance as compared to other stocks, Buyer Demand at A+ which is evident from recent demand for the stock, Group Rank of 39 indicates it belongs to a strong industry group of Real Estate Dvlpmt/Ops and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in earnings parameter, but excellent technical strength makes it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Sobha Financials

Standalone Consolidated

Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios
Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios

Indicator	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022
Oper Rev Qtr Cr	744	889	1,220	891	644	587	732
Operating Expenses Qtr Cr	675	834	1,113	798	566	387	531
Operating Profit Qtr Cr	68	55	106	93	79	200	201
Depreciation Qtr Cr	18	17	17	17	17	14	18
Interest Qtr Cr	62	60	60	62	61	184	181
Tax Qtr Cr	8	4	19	6	11	5	12
Net Profit Qtr Cr	15	8	44	37	14	13	28

Indicator	Mar 2023	Mar 2022
Total Revenue Annual Cr	3,426	2,809
Operating Expenses Annual Cr	2,988	1,860
Operating Profit Annual in Cr	340	894
Depreciation Cr	64	68
Interest Annual Cr	242	728
Tax Annual Cr	36	40
Net Profit Annual Cr	95	113

Indicator	Mar 2023	Mar 2022
Cash from Operating Activity Annual Cr	1,173	798
Cash from Investing Activity Annual Cr	-276	-6
Cash from Financing Annual Activity Cr	-759	-815
Net Cash Flow Annual Cr	138	-23

Indicator	Mar 2023	Mar 2022
Total ShareHolders Funds Annual Cr	2,341	2,366
Fixed Assets Annual Cr	529	440
Total Non Current Assets Annual Cr	2,071	1,524
Total Current Assets Annual Cr	10,060	9,450
Total Assets Annual Cr	12,132	10,974

Indicator	Mar 2023	Mar 2022
Book Value Per Share Annual Rs	247	249
ROE Annual %	4	5
ROCE Annual %	13	29
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	13	34

Indicator	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022
Oper Rev Qtr Cr	741	908	1,210	868	667	582	731
Operating Expenses Qtr Cr	666	843	1,094	779	575	368	527
Operating Profit Qtr Cr	75	65	116	89	92	214	204
Depreciation Qtr Cr	19	18	18	18	18	16	19
Interest Qtr Cr	64	61	61	66	63	190	185
Tax Qtr Cr	10	5	18	3	15	8	11
Net Profit Qtr Cr	15	12	49	32	19	14	25

Indicator	Mar 2023	Mar 2022
Total Revenue Annual Cr	3,402	2,822
Operating Expenses Annual Cr	2,941	1,842
Operating Profit Annual in Cr	370	925
Depreciation Cr	68	72
Interest Annual Cr	249	750
Tax Annual Cr	41	41
Net Profit Annual Cr	104	117

Indicator	Mar 2023	Mar 2022
Cash from Operating Activity Annual Cr	1,150	821
Cash from Investing Activity Annual Cr	-237	38
Cash from Financing Annual Activity Cr	-773	-884
Net Cash Flow Annual Cr	140	-25

Indicator	Mar 2023	Mar 2022
Total ShareHolders Funds Annual Cr	2,495	2,511
Fixed Assets Annual Cr	884	817
Total Non Current Assets Annual Cr	2,108	1,582
Total Current Assets Annual Cr	10,481	9,828
Total Assets Annual Cr	12,588	11,410

Indicator	Mar 2023	Mar 2022
Book Value Per Share Annual Rs	263	265
ROE Annual %	4	5
ROCE Annual %	12	28
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	14	35

Invest in Sobha

Sobha Technicals

EMA & SMA

Current Price

₹1,031.9

64.75 (6.69%)

Bullish Moving Average
___
16

Bearish Moving Average
___
0

EMA SMA

20 Day
₹904.05

50 Day
₹819.10

100 Day
₹739.12

200 Day
₹673.15

20 Day
₹901.46

50 Day
₹802.00

100 Day
₹705.62

200 Day
₹612.08

Sobha Resistance and Support

PIVOT

₹1,014.64

Resistance
First Resistance	1,074.27
Second Resistance	1,116.63
Third Resistance	1,176.27

RSI	79.27
MFI	82.50
MACD Single Line	47.56
MACD	54.36

Support
First Resistance	972.27
Second Resistance	912.63
Third Resistance	870.27

Sobha Delivery and Volume

Period	NSE + BSE Volume Avg	NSE + BSE Delivery Volume Avg	NSE + BSE Delivery Volume %
Day	2,588,874	51,622,148	19.94
Week	1,055,415	27,725,747	26.27
1 Month	862,707	22,068,040	25.58
6 Month	840,467	27,121,882	32.27

Sobha Result Highlights

Sobha Synopsis

NSE-Real Estate Dvlpmt/Ops

Sobha is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs. 3328.09 Cr. and Equity Capital is Rs. 94.85 Cr. for the Year ended 31/03/2023. Sobha Ltd. is a Public Limited Listed company incorporated on 07/08/1995 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L45201KA1995PLC018475 and registration number is 018475.

Market Cap	9,787
Sales	3,743
Shares in Float	4.55
No of funds	149
Yield	0.29

Book Value	4.18
U/D Vol ratio	2.3
LTDebt / Equity	24
Alpha	0.18
Beta	1.23

Sobha

Owner Name	Sep-23	Jun-23	Mar-23	Dec-22
Promoters	52.28%	52.28%	52.26%	51.99%
Mutual Funds	12.75%	9.86%	11.25%	12.18%
Insurance Companies	2.2%	2.35%	2.37%	1.57%
Foreign Portfolio Investors	11.22%	12.74%	13.76%	15.06%
Financial Institutions/ Banks
Individual Investors	9.33%	10.51%	8.11%	7.36%
Others	12.22%	12.26%	12.25%	11.84%

Sobha Management

Name	Designation
Mr. Ravi PNC Menon	Chairman
Mr. Jagadish Nangineni	Managing Director
Mr. Raman Mangalorkar	Independent Director
Mr. R V S Rao	Independent Director
Mr. Anup S Shah	Independent Director
Ms. K N Srivathsala	Independent Director

Sobha Forecast

Price Estimates

2,000(9.8%)

1,758(-3.5%)

1,590(-12.7%)

Other Analyst Rating

Date	Purpose	Remarks
2023-11-06	Quarterly Results
2023-08-07	Quarterly Results
2023-05-29	Audited Results & Final Dividend
2023-02-07	Quarterly Results
2022-11-14	Quarterly Results	(Revised) per share(70%)Dividend

Date	Purpose	Remarks
2023-07-28	FINAL	Rs.3.00 per share(30%)Final Dividend
2022-07-29	FINAL	Rs.3.00 per share(30%)Dividend
2021-07-30	FINAL	Rs.3.50 per share(35%)Final Dividend

Sobha MF Shareholding

Name	Amount(cr)
HSBC Small Cap Fund Fund Regular Growth	11,552
Franklin India Smaller Companies Fund Growth	10,777
Franklin India Focused Equity Fund Growth	9,856
HSBC Value Growth	9,289
Canara Robeco Small Cap Fund Regular Growth	8,642

Sobha FAQs

What is Share Price of Sobha ?

Sobha share price is ₹1,031 As on 11 December, 2023 | 00:55

What is the Market Cap of Sobha ?

The Market Cap of Sobha is ₹9787.1 Cr As on 11 December, 2023 | 00:55

What is the P/E ratio of Sobha ?

The P/E ratio of Sobha is 91.1 As on 11 December, 2023 | 00:55

What is the PB ratio of Sobha ?

The PB ratio of Sobha is 3.9 As on 11 December, 2023 | 00:55

Sobha Performance

Day Range

Low 955.00
High 1,057.00

₹ 1,031.9

52 Week Range

Low 412.10
High 1,057.00

₹ 1,031.9

Open Price955.00
Previous Close967.15
Volume2523453

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Sobha Key Statistics

P/E Ratio	91.1
PEG Ratio	4.9
Market Cap Cr	9,787
Price to Book Ratio	3.9
EPS	10
Dividend	0.3
Relative Strength Index	79.27
Money Flow Index	82.5
MACD Signal	47.56
Average True Range	41.41