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Sobha Ltd Performance

Today's Low
1,600.55
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Today's High
1,634.60
52 Wk Low
434.00
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52 Wk High
1,687.00


Open

1606

Traded Value (Cr)

2.28 Cr

Prev. Close

1608

VWAP

1600.45

Volume

1,23,584

Face Value

10

Sobha Ltd Fundamentals

Market Cap
₹ 15,163 Cr
P/E Ratio (TTM)
167.23
P/B Ratio
6.09
Debt to Equity
0.81
ROE
4.31 %
EPS (TTM)
9.56
Dividend Yield
0.19%
Book Value
262.70

Click here to know more about Fundamentals

Sobha Ltd Financials

Sobha Ltd Financials

Sobha Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 52.28 % 52.28 % 52.28 % 52.28 %
Mutual Funds 16.01 % 15.09 % 12.75 % 9.86 %
Others 13.21 % 14.08 % 14.42 % 14.60 %
FII 11.88 % 11.13 % 11.22 % 12.75 %
Retail 6.62 % 7.42 % 9.34 % 10.51 %

Promoters

52.28%

Mutual Funds

16.01%

Others

13.21%

FII

11.88%

Retail

6.62%

Promoters

52.28%

Mutual Funds

15.09%

Others

14.08%

FII

11.13%

Retail

7.42%

Promoters

52.28%

Mutual Funds

12.75%

Others

14.42%

FII

11.22%

Retail

9.34%

Promoters

52.28%

Mutual Funds

9.86%

Others

14.60%

FII

12.75%

Retail

10.51%

Resistance and Support

₹1,568.90

PIVOT

resistance-arrow
Resistance
First Resistance₹1,624.350
Second Resistance₹1,666.200
Third Resistance₹1,721.650
support-arrow
Support
First Resistance₹1,527.050
Second Resistance₹1,471.600
Third Resistance₹1,429.750
RSI66.181
MACD126.185
ADX10.144
CCI73.452

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day123,58444,23235.79
Week231,173149,41564.90
1 Month399,232138,39540.92
6 Months230,538230,538100.00

About Sobha Ltd

Sobha Limited (SL), formerly known as Sobha Developers Limited (SDL), was incorporated on August 7th, 1995, led by the Promoter, Mr. PNC Menon. The Company is a leading real estate developer engaged in the business of real estate construction, development, sale, management & operation of all or any part of townships, housing projects, commercial premises and other related activities. The Company is also engaged in manufacturing activities related to interiors, glazing and metal works and concrete products, which also provides backward integration to Sobha's turnkey projects. As of September 1997, SDL had launched first residential project under the name of Sobha Sapphire in Bangalore and also launched first plot development under the name of Harisree Garden' in Coimbatore. The Company obtained an ISO 9001 (1994 series) certification in July of the year 1998. After two years from the projects started, in September of the year 1999, the first residential project Sobha Sapphire in Bangalore was completed and handed over. During December of the same year 1999 SDL had commenced the construction of first contractual project, the Corporate Block for Infosys Technologies Limited, Bangalore. Within the year, in September 2000, the company completed and handover the Corporate Block for Infosys Technologies Limited, Bangalore. In November of the same year 2000, the company had started construction of first contractual project outside Bangalore for Infosys Technologies Limited, Mysore. SDL had received a memento from Infosys Technologies Limited in November 2000 in respect of our efforts in relation to the construction of the corporate maiden block. As at September 2001, completed and handover the first contractual project outside Bangalore, at Mysore for Infosys Technologies Limited. During October of the year 2003, Sobha Construction Academy and Sobha Research and Development Center commenced its function. For its quality, again the company obtained an ISO 9001 (2000 series) certification in April of the year 2004. Fully automated concrete product division of the company was started its operation in October of the year 2005. The Company awarded the 'Brick and Mortar Award' for the south zone in the 'a+d & Spectrum Foundation Architecture Awards 2005'. For the purpose of corporate restructuring, the company purchased selected assets and liabilities from Sobha Interiors Private Limited, Sobha Glazing and Metal Works Private Limited and Sobha Space Private Limited during April of the year 2006. As at June 2006, the company had changed its status from private to public. During September of the year 2006, SDL had received PR 1 rating from CARE. In the year 2007, the company had sold subsidiary company namely S BG Housing which not a material entity to the company. During August of the same year 2007, the company had inked MoU with Kerala Government for Rs 5,000 crores township project. SDL had entered into Coimbatore' s real estate terrain in January of the year 2008 with a residential project, Sobha Emerald, the Rs 750 million exclusive enclaves. The Company had signed a letter of intent (LOI) with an Indian arm of German company TUV Rheinland (India) in April of the year 2008 for setting up a 50:50 joint venture. As at June of the year 2008, SDL made its foray into Mysore realty market with three projects. The Company had received Foreign Direct Investment (FDI) by Pan Atlantic, Dubai in July of the year 2008 for its new project to be launched at Hosahalli, Bangalore south. During the financial year 2014, the Company executed and handed over 7 residential projects covering an area of 2.34 million square feet and 19 contractual projects covering an area of 4.34 million square feet resulting in an aggregate development of 6.68 million square feet. During FY 2016, the Company executed and handed over 9 real estate projects covering an area of 5.59 Million Square Feet of developable area and 16 contractual projects covering an area of 5.51 Million Square Feet resulting in an aggregate development of 11.10 million square feet. During FY 2017, the Company executed and handed over seven real estate projects covering 3.21 Million Square Feet of developable area and 10 contractual projects covering an area of 1.88 million square feet resulting in an aggregate development of 5.09 million square feet. The Board of Directors of the company at their meeting held on 19 May 2016, approved a buyback proposal for purchase by the company of up to 2,275,000 shares of Rs 10 each (representing 2.32% of total equity capital) from shareholders of the company on a proportionate basis by way of a tender offer route at a price of Rs 330 per equity share for an aggregate amount not exceeding Rs 750.75 million in accordance with the provision of the Companies Act, 2013 and SEBI (Buy Back of Securities) Regulations, 1998. Accordingly, the buy-back of the shares was carried out. In response to the offer given by the company, 1,759,192 equity shares were tendered and the said shares were bought back with a total cost of Rs 58.05 crore. Sobha Highrise Ventures Private Limited, a joint venture, was setup with a private equity player for execution of a specific project 'SOBHA Palladian' at Yamlur, Bangalore. During the year ended 31 March 2017, the joint venture partner expressed its willingness to exit from the joint venture. Accordingly, a valuation of the said joint venture was carried out by a competent independent valuer. Based on the valuation report, 10,300,000 shares of different classes held by the joint venture partner were purchased by Sobha Limited for a total consideration of Rs 346,780,000/-. Upon purchase of the said shares, Sobha Highrise Ventures Private Limited has become a wholly owned subsidiary of Sobha Limited. During FY 2018, the Company executed and handed over 2.58 million square feet and 3.22 million square feet of contractual projects resulting in an aggregate development of 5.80 million square feet. The Board, at its meeting held on 4 August 2017 approved the buyback proposal for purchase of up to 1,458,823 equity shares of Rs 10 each (representing 1.5 % of total equity capital) from shareholders of the Company on a proportionate basis by way of tender offer route at a price of Rs 425 per equity share aggregating to an amount not exceeding Rs 62 crore in accordance with the provision of the Companies Act, 2013 and SEBI (Buy Back of Securities) Regulations, 1998. Accordingly, the buy-back of the shares was carried out. 1,458,823 equity shares were bought back with a total cost of Rs 62 crores. Sobha Highrise Ventures Private Limited, a wholly owned subsidiary of the Company, acquired the entire equity shares of Sobha Contracting Private Limited, a private limited company during FY 2018, making Sobha Contracting Private Limited a wholly owned subsidiary of Sobha Highrise Ventures Private Limited. During the year 2019, the Company executed and handed over 9.75 million square feet real estate projects and 1.60 million square feet of contractual projects resulting in an aggregate development of 11.35 million square feet. Sobha Developers (Pune) Limited, a wholly owned subsidiary of the Company, has during the year, acquired the shares of Kilai Builders Private Limited, a private limited Company making it a wholly owned subsidiary of Sobha Developers (Pune) Limited. With this acquisition, Company has five direct subsidiaries and two-step down subsidiaries. In the residential space, the Company completed 5.86 million square feet of developable area during the financial year 2020. This includes One SOBHA, a commercial mall and office space in Bangalore, with a total developable area of 0.38 million square feet. It launched new projects with a developable area of 1.42 million square feet. These launches were spread across Pune, Coimbatore and Chennai. During the year 2020, the Company executed and handed over 3.98 million square feet real estate projects and 1.88 million square feet of contractual projects resulting in an aggregate development of 5.86 million square feet. During the year 2020, the Company has subscribed to the entire equity share capital of Sobha Construction Products Private Limited thereby making it a wholly owned subsidiary of Sobha Limited. Also, Sobha Developers (Pune) Limited, a wholly owned subsidiary of the Company, during the year, acquired the shares of Sobha Interiors Private Limited, Kuthavakkam Builders Private Limited and Kuthavakkam Realtors Private Limited making them a wholly owned subsidiaries of Sobha Developers (Pune) Limited. With this acquisition, the Company has six direct subsidiaries and five step down subsidiaries. During the year 2021, the Company executed and handed over 0.23 million square feet real estate projects and 2.33 million square feet of contractual projects resulting in an aggregate development of 2.56 million square feet. It launched new projects with a developable area of 3.66 million square feet. These launches were spread across Bangalore and Thrissur. During the year 2022, Company executed and handed over 4.07 million square feet real estate projects and 3.71 million square feet of contractual projects resulting in an aggregate development of 7.78 million square feet. During the year 2022, Sobha Highrise Ventures Private Limited, a wholly owned subsidiary of the Company, disposed off the entire shares of Annalakshmi Land Developers Private Limited (wholly owned subsidiary of Sobha Highrise Ventures Private Limited). With this disposal, the Company has six direct subsidiaries and five step-down subsidiaries. During 2022-23, the Company completed projects with 2.93 million square feet of saleable area only in Bangalore. In SOBHA Dream Acres, it completed Wing 25, 26, 29, 34, 35, 36 with a total developable and saleable area of 1.05 million square feet and 0.78 million square feet respectively, completed SOBHA Forest Edge Project in West Bangalore. Thereafter, the Company launched SOBHA Galera Project in East Bangalore, SOBHA Oakshire, close to Bangalore International Airport, SOBHA Insignia in Bhoganahalli, South East Bangalore, SOBHA HRC Pristine in Jakkur, North Bangalore, SOBHA Sentosa in South Bangalore, SOBHA Victoria Park in North Bangalore and SOBHA Royal Crest near Banshankari, West Bangalore; completed SOBHA City - Tower A2, B2, C2 in Gurgaon, NCR. It launched projects including, SOBHA Meadows in Trivandrum; SOBHA Waterfront in Somajiguda, Hyderabad.

Managing Director

Jagdish Nangeneni

Founded

1995

NSE Symbol

SOBHA

Sobha Ltd Management

NameDesignation
Ravi PNC MenonChairman & Non Executive Dir.
Anup ShahIndependent Director
R V S RaoIndependent Director
Srivathsala Kanchi NandagopalIndependent Director
Jagdish NangeneniManaging Director
Raman MangalorkarIndependent Director
BIJAN KUMAR DASHCompany Sec. & Compli. Officer

Sobha Ltd News

Nifty above 22,750; realty shares rally for 3rd day
Sobha sales value rises 3% YoY in Q4 FY24
Sobha said that it has recorded total sales value of Rs 1,504 crore in Q4 FY24, up 2.77% from Rs 1,463.4 crore posted in Q4 FY23.
Sobha announces acquisition of BNB Builders
Through its wholly owned subsidiary - Sobha Developers (Pune)
Sobha slides after Q3 PAT drops 53% YoY to Rs 15 cr
Sobha declined 4.01% to Rs 1,413.10 after the real estate developer’s consolidated net profit dropped 52.58% to Rs 15.08 crore in Q3 FY24 as against Rs 31.80 crore posted in Q3 FY23.
Sobha Ltd Slips 4.5%
Sobha Ltd has added 8.96% over last one month compared to 1.35% gain in S&P BSE Realty Index index and 1.34% rise in the SENSEX
Sobha consolidated net profit declines 52.59% in the December 2023 quarter
Sales decline 21.11% to Rs 684.93 crore
Sobha schedules board meeting
On 7 February 2024
Sobha Ltd Slips 5.29%, S&P BSE Realty Index index Shed 1.18%
Sobha Ltd has added 25.18% over last one month compared to 5.55% gain in S&P BSE Realty Index index and 1.26% drop in the SENSEX
Board of Sobha approves rights issue of Rs 2000 cr
At meeting held on 22 January 2024
Sobha appoints senior management
With immediate effect

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Sobha Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Sobha Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Sobha Ltd's share price is ₹1,620.35 as of April 18, 2024

Sobha Ltd's P/E ratio is 167.23 times as of April 18, 2024.

Sobha Ltd's most recent financial reports indicate a price-to-book ratio of 6.09, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Sobha Ltd's market is 15,163 Cr as on April 18, 2024.

The current financial records of Sobha Ltd show a 4.31% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Sobha Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Sobha Ltd's 52-week high and low as of April 18, 2024 are ₹1634.6 and ₹1600.55 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Sobha Ltd stands at 52.28%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 11.13% to 11.88%.