Sobha Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 31, 2025, 8:37 pm

Market Cap	15,321 Cr.
Current Price	1,433
High / Low	2,178/1,075
Stock P/E	162
Book Value	427
Dividend Yield	0.21 %
ROCE	6.44 %
ROE	2.68 %
Face Value	10.0
PEG Ratio	-389.60

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Sobha Ltd

Competitors of Sobha Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Hampton Sky Realty Ltd	751 Cr.	27.4	35.8/20.5	136	5.32	0.00 %	6.09 %	3.86 %	1.00
Grovy India Ltd	61.3 Cr.	46.0	98.2/30.2	34.3	15.3	0.05 %	7.60 %	9.12 %	10.0
Gothi Plascon (India) Ltd	44.1 Cr.	43.3	53.6/32.2	27.1	11.0	4.62 %	18.1 %	14.3 %	10.0
Generic Engineering Construction & Projects Ltd	213 Cr.	37.4	71.0/22.0	17.6	49.9	0.00 %	9.36 %	4.43 %	5.00
Garnet Construction Ltd	37.0 Cr.	26.6	57.2/21.6	4.99	74.0	0.00 %	9.98 %	7.47 %	10.0
Industry Average	19,543.08 Cr	473.74		49.98	142.74	0.51%	12.31%	10.61%	6.13

All Competitor Stocks of Sobha Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	710	565	670	868	1,210	908	741	685	763	640	934	1,224	1,241
Expenses	633	492	575	779	1,094	843	666	611	701	584	856	1,157	1,147
Operating Profit	78	73	95	89	116	65	75	74	62	56	77	67	94
OPM %	11%	13%	14%	10%	10%	7%	10%	11%	8%	9%	8%	5%	8%
Other Income	33	12	21	30	30	31	32	29	28	29	32	33	30
Interest	68	61	63	66	61	61	64	61	59	54	49	47	45
Depreciation	18	15	18	17	18	18	19	20	21	20	23	23	23
Profit before tax	25	8	34	35	67	17	25	21	11	11	36	29	56
Tax %	43%	46%	44%	9%	27%	30%	39%	29%	36%	45%	28%	26%	27%
Net Profit	14	5	19	32	49	12	15	15	7	6	26	22	41
EPS in Rs	1.33	0.43	1.79	2.97	4.54	1.13	1.40	1.41	0.66	0.57	2.44	2.03	3.82

Last Updated: May 31, 2025, 7:44 am

Below is a detailed analysis of the quarterly data for Sobha Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 1,241.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,224.00 Cr. (Dec 2024) to 1,241.00 Cr., marking an increase of 17.00 Cr..
For Expenses, as of Mar 2025, the value is 1,147.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,157.00 Cr. (Dec 2024) to 1,147.00 Cr., marking a decrease of 10.00 Cr..
For Operating Profit, as of Mar 2025, the value is 94.00 Cr.. The value appears strong and on an upward trend. It has increased from 67.00 Cr. (Dec 2024) to 94.00 Cr., marking an increase of 27.00 Cr..
For OPM %, as of Mar 2025, the value is 8.00%. The value appears strong and on an upward trend. It has increased from 5.00% (Dec 2024) to 8.00%, marking an increase of 3.00%.
For Other Income, as of Mar 2025, the value is 30.00 Cr.. The value appears to be declining and may need further review. It has decreased from 33.00 Cr. (Dec 2024) to 30.00 Cr., marking a decrease of 3.00 Cr..
For Interest, as of Mar 2025, the value is 45.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 47.00 Cr. (Dec 2024) to 45.00 Cr., marking a decrease of 2.00 Cr..
For Depreciation, as of Mar 2025, the value is 23.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 23.00 Cr..
For Profit before tax, as of Mar 2025, the value is 56.00 Cr.. The value appears strong and on an upward trend. It has increased from 29.00 Cr. (Dec 2024) to 56.00 Cr., marking an increase of 27.00 Cr..
For Tax %, as of Mar 2025, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 26.00% (Dec 2024) to 27.00%, marking an increase of 1.00%.
For Net Profit, as of Mar 2025, the value is 41.00 Cr.. The value appears strong and on an upward trend. It has increased from 22.00 Cr. (Dec 2024) to 41.00 Cr., marking an increase of 19.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 3.82. The value appears strong and on an upward trend. It has increased from 2.03 (Dec 2024) to 3.82, marking an increase of 1.79.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 6:48 pm

Metric	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
Sales	1,865	2,173	2,441	1,943	2,229	2,783	3,442	3,754	2,110	2,561	3,310	3,097	3,561
Expenses	1,316	1,571	1,823	1,499	1,809	2,263	2,769	2,639	1,435	2,028	2,941	2,820	3,299
Operating Profit	549	603	617	444	420	520	673	1,115	675	533	370	277	262
OPM %	29%	28%	25%	23%	19%	19%	20%	30%	32%	21%	11%	9%	7%
Other Income	5	10	15	36	52	50	73	72	81	84	92	121	122
Interest	170	173	188	164	150	198	236	682	601	308	249	246	210
Depreciation	59	69	72	60	64	54	62	72	79	72	68	78	87
Profit before tax	324	370	372	257	258	317	448	433	75	237	145	74	88
Tax %	33%	37%	34%	46%	38%	32%	34%	35%	17%	27%	28%	34%
Net Profit	217	234	244	138	161	217	297	282	62	173	104	49	61
EPS in Rs	19.64	21.25	21.52	12.48	14.80	20.27	27.76	26.32	5.82	16.19	9.74	4.59	5.70
Dividend Payout %	32%	29%	29%	14%	15%	31%	22%	24%	53%	16%	27%	58%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	7.83%	4.27%	-43.44%	16.67%	34.78%	36.87%	-5.05%	-78.01%	179.03%	-39.88%	-52.88%
Change in YoY Net Profit Growth (%)	0.00%	-3.56%	-47.72%	60.11%	18.12%	2.08%	-41.92%	-72.96%	257.05%	-218.92%	-13.00%

Sobha Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	5%
5 Years:	1%
3 Years:	16%
TTM:	30%

Compounded Profit Growth
10 Years:	-9%
5 Years:	-20%
3 Years:	-14%
TTM:	92%

Stock Price CAGR
10 Years:	14%
5 Years:	48%
3 Years:	39%
1 Year:	-23%

Return on Equity
10 Years:	6%
5 Years:	3%
3 Years:	3%
Last Year:	3%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:44 pm

Month	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	2,039	2,193	2,334	2,467	2,548	2,675	2,134	2,336	2,333	2,328	2,400	2,419	3,405
Borrowings	1,379	1,404	2,059	2,180	2,222	2,331	2,604	3,131	3,052	2,529	2,027	1,940	1,545
Other Liabilities	1,344	1,814	1,666	3,317	4,027	3,924	5,907	5,448	5,729	6,578	8,054	9,228	11,177
Total Liabilities	4,860	5,509	6,157	8,062	8,893	9,025	10,740	11,010	11,208	11,530	12,576	13,682	16,228
Fixed Assets	330	335	315	373	595	610	678	919	903	852	899	946	966
CWIP	0	41	52	45	1	0	0	0	0	0	2	5	0
Investments	0	0	0	229	0	112	113	114	114	115	115	115	115
Other Assets	4,529	5,134	5,789	7,415	8,298	8,302	9,949	9,976	10,191	10,564	11,560	12,615	15,148
Total Assets	4,860	5,509	6,157	8,062	8,893	9,025	10,740	11,010	11,208	11,530	12,576	13,682	16,228

Below is a detailed analysis of the balance sheet data for Sobha Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is 101.00 Cr.. The value appears strong and on an upward trend. It has increased from 95.00 Cr. (Mar 2024) to 101.00 Cr., marking an increase of 6.00 Cr..
For Reserves, as of Sep 2024, the value is 3,405.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,419.00 Cr. (Mar 2024) to 3,405.00 Cr., marking an increase of 986.00 Cr..
For Borrowings, as of Sep 2024, the value is 1,545.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 1,940.00 Cr. (Mar 2024) to 1,545.00 Cr., marking a decrease of 395.00 Cr..
For Other Liabilities, as of Sep 2024, the value is 11,177.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,228.00 Cr. (Mar 2024) to 11,177.00 Cr., marking an increase of 1,949.00 Cr..
For Total Liabilities, as of Sep 2024, the value is 16,228.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 13,682.00 Cr. (Mar 2024) to 16,228.00 Cr., marking an increase of 2,546.00 Cr..
For Fixed Assets, as of Sep 2024, the value is 966.00 Cr.. The value appears strong and on an upward trend. It has increased from 946.00 Cr. (Mar 2024) to 966.00 Cr., marking an increase of 20.00 Cr..
For CWIP, as of Sep 2024, the value is 0.00 Cr.. The value appears to be declining and may need further review. It has decreased from 5.00 Cr. (Mar 2024) to 0.00 Cr., marking a decrease of 5.00 Cr..
For Investments, as of Sep 2024, the value is 115.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 115.00 Cr..
For Other Assets, as of Sep 2024, the value is 15,148.00 Cr.. The value appears strong and on an upward trend. It has increased from 12,615.00 Cr. (Mar 2024) to 15,148.00 Cr., marking an increase of 2,533.00 Cr..
For Total Assets, as of Sep 2024, the value is 16,228.00 Cr.. The value appears strong and on an upward trend. It has increased from 13,682.00 Cr. (Mar 2024) to 16,228.00 Cr., marking an increase of 2,546.00 Cr..

Notably, the Reserves (3,405.00 Cr.) exceed the Borrowings (1,545.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	395	-216	388	354	353	206	294	613	826	1,150	647
Cash from Investing Activity +	-126	-60	-245	2	-129	-61	-307	-33	38	-237	-475
Cash from Financing Activity +	-246	337	-133	-345	-243	-86	-84	-483	-889	-773	-338
Net Cash Flow	23	61	11	10	-18	58	-97	96	-25	140	-166

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	548.00	602.00	615.00	442.00	418.00	518.00	671.00	-2.00	672.00	531.00	368.00	276.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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	32	41	26	47	37	43	35	35	34	50	17	19
Inventory Days						5,289					10,072
Days Payable						788					688
Cash Conversion Cycle	32	41	26	47	37	4,544	35	35	34	50	9,401	19
Working Capital Days	536	480	545	974	629	527	326	380	613	459	220	161
ROCE %	15%	15%	14%	9%	8%	10%	14%	21%	12%	10%	8%	7%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Jan 2025
Promoters	51.99%	51.99%	51.99%	52.26%	52.28%	52.28%	52.28%	52.28%	52.28%	52.78%	52.78%	52.78%
FIIs	15.02%	15.55%	15.06%	13.76%	12.74%	11.22%	11.13%	11.87%	11.48%	10.93%	10.03%	9.88%
DIIs	13.00%	13.71%	13.75%	13.62%	12.21%	14.95%	17.23%	17.55%	18.60%	23.44%	24.16%	24.13%
Public	19.99%	18.76%	19.20%	20.35%	22.76%	21.54%	19.36%	18.28%	17.65%	12.87%	13.04%	13.21%
No. of Shareholders	97,250	91,588	90,718	92,441	1,04,904	1,02,773	87,981	1,00,295	1,04,994	1,11,676	1,17,193	1,20,372

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Franklin India Focused Equity Fund	2,613,105	3.75	470.41	2,613,105	2025-04-22 15:56:53	0%
Franklin India Smaller Companies Fund	1,191,243	1.48	214.45	1,191,243	2025-04-22 02:06:42	0%
Canara Robeco Small Cap Fund	813,052	1.22	146.37	813,052	2025-04-22 15:56:53	0%
Aditya Birla Sun Life Flexi Cap Fund	700,000	0.55	126.01	700,000	2025-04-22 17:25:20	0%
Aditya Birla Sun Life Frontline Equity Fund	579,306	0.34	104.29	579,306	2025-04-22 17:25:20	0%
Bandhan Sterling Value Fund	500,000	0.88	90.01	500,000	2025-04-22 17:25:20	0%
Franklin Build India Fund	485,000	3.03	87.31	485,000	2025-04-22 15:56:53	0%
Bandhan Small Cap Fund	330,900	0.9	59.57	330,900	2025-04-22 17:25:20	0%
Sundaram Small Cap Fund	325,117	1.71	58.53	325,117	2025-04-22 15:56:53	0%
Tata Mid Cap Growth Fund - Regular Plan	288,061	1.16	51.86	288,061	2025-04-22 15:56:53	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	5.18	10.99	12.32	6.57	29.69
Diluted EPS (Rs.)	5.18	10.99	12.32	6.57	29.69
Cash EPS (Rs.)	13.43	18.14	19.93	14.93	37.32
Book Value[Excl.RevalReserv]/Share (Rs.)	265.07	263.02	264.69	255.97	256.33
Book Value[Incl.RevalReserv]/Share (Rs.)	265.07	263.02	264.69	255.97	256.33
Revenue From Operations / Share (Rs.)	326.52	349.00	291.66	226.87	400.32
PBDIT / Share (Rs.)	41.96	48.69	103.32	79.68	125.15
PBIT / Share (Rs.)	33.71	41.54	95.72	71.31	117.53
PBT / Share (Rs.)	7.83	15.29	16.68	7.93	45.67
Net Profit / Share (Rs.)	5.18	10.99	12.32	6.57	29.70
NP After MI And SOA / Share (Rs.)	5.18	10.99	12.32	6.57	29.70
PBDIT Margin (%)	12.85	13.95	35.42	35.12	31.26
PBIT Margin (%)	10.32	11.90	32.81	31.43	29.36
PBT Margin (%)	2.39	4.37	5.71	3.49	11.40
Net Profit Margin (%)	1.58	3.14	4.22	2.89	7.41
NP After MI And SOA Margin (%)	1.58	3.14	4.22	2.89	7.41
Return on Networth / Equity (%)	1.95	4.17	4.65	2.56	11.58
Return on Capital Employeed (%)	9.71	12.45	27.72	23.86	40.97
Return On Assets (%)	0.35	0.82	1.02	0.55	2.55
Long Term Debt / Equity (X)	0.28	0.24	0.28	0.14	0.09
Total Debt / Equity (X)	0.76	0.80	0.97	1.23	1.28
Asset Turnover Ratio (%)	0.23	0.28	0.24	0.19	0.35
Current Ratio (X)	1.08	1.11	1.21	1.13	1.14
Quick Ratio (X)	0.17	0.18	0.29	0.28	0.32
Inventory Turnover Ratio (X)	0.00	0.00	0.00	0.02	0.04
Dividend Payout Ratio (NP) (%)	57.93	27.30	28.40	106.60	28.41
Dividend Payout Ratio (CP) (%)	22.34	16.53	17.56	46.87	22.61
Earning Retention Ratio (%)	42.07	72.70	71.60	-6.60	71.59
Cash Earning Retention Ratio (%)	77.66	83.47	82.44	53.13	77.39
Interest Coverage Ratio (X)	1.62	1.85	1.31	1.26	1.74
Interest Coverage Ratio (Post Tax) (X)	1.20	1.42	1.16	1.10	1.41
Enterprise Value (Cr.)	14938.35	5636.21	9004.44	6920.26	4296.09
EV / Net Operating Revenue (X)	4.82	1.70	3.25	3.22	1.13
EV / EBITDA (X)	37.54	12.20	9.19	9.16	3.62
MarketCap / Net Operating Revenue (X)	4.42	1.23	2.43	1.92	0.33
Retention Ratios (%)	42.06	72.69	71.59	-6.60	71.58
Price / BV (X)	5.45	1.64	2.68	1.70	0.52
Price / Net Operating Revenue (X)	4.42	1.23	2.43	1.92	0.33
EarningsYield	0.00	0.02	0.01	0.01	0.21

After reviewing the key financial ratios for Sobha Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 5.18. This value is within the healthy range. It has decreased from 10.99 (Mar 23) to 5.18, marking a decrease of 5.81.
For Diluted EPS (Rs.), as of Mar 24, the value is 5.18. This value is within the healthy range. It has decreased from 10.99 (Mar 23) to 5.18, marking a decrease of 5.81.
For Cash EPS (Rs.), as of Mar 24, the value is 13.43. This value is within the healthy range. It has decreased from 18.14 (Mar 23) to 13.43, marking a decrease of 4.71.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 265.07. It has increased from 263.02 (Mar 23) to 265.07, marking an increase of 2.05.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 265.07. It has increased from 263.02 (Mar 23) to 265.07, marking an increase of 2.05.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 326.52. It has decreased from 349.00 (Mar 23) to 326.52, marking a decrease of 22.48.
For PBDIT / Share (Rs.), as of Mar 24, the value is 41.96. This value is within the healthy range. It has decreased from 48.69 (Mar 23) to 41.96, marking a decrease of 6.73.
For PBIT / Share (Rs.), as of Mar 24, the value is 33.71. This value is within the healthy range. It has decreased from 41.54 (Mar 23) to 33.71, marking a decrease of 7.83.
For PBT / Share (Rs.), as of Mar 24, the value is 7.83. This value is within the healthy range. It has decreased from 15.29 (Mar 23) to 7.83, marking a decrease of 7.46.
For Net Profit / Share (Rs.), as of Mar 24, the value is 5.18. This value is within the healthy range. It has decreased from 10.99 (Mar 23) to 5.18, marking a decrease of 5.81.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 5.18. This value is within the healthy range. It has decreased from 10.99 (Mar 23) to 5.18, marking a decrease of 5.81.
For PBDIT Margin (%), as of Mar 24, the value is 12.85. This value is within the healthy range. It has decreased from 13.95 (Mar 23) to 12.85, marking a decrease of 1.10.
For PBIT Margin (%), as of Mar 24, the value is 10.32. This value is within the healthy range. It has decreased from 11.90 (Mar 23) to 10.32, marking a decrease of 1.58.
For PBT Margin (%), as of Mar 24, the value is 2.39. This value is below the healthy minimum of 10. It has decreased from 4.37 (Mar 23) to 2.39, marking a decrease of 1.98.
For Net Profit Margin (%), as of Mar 24, the value is 1.58. This value is below the healthy minimum of 5. It has decreased from 3.14 (Mar 23) to 1.58, marking a decrease of 1.56.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 1.58. This value is below the healthy minimum of 8. It has decreased from 3.14 (Mar 23) to 1.58, marking a decrease of 1.56.
For Return on Networth / Equity (%), as of Mar 24, the value is 1.95. This value is below the healthy minimum of 15. It has decreased from 4.17 (Mar 23) to 1.95, marking a decrease of 2.22.
For Return on Capital Employeed (%), as of Mar 24, the value is 9.71. This value is below the healthy minimum of 10. It has decreased from 12.45 (Mar 23) to 9.71, marking a decrease of 2.74.
For Return On Assets (%), as of Mar 24, the value is 0.35. This value is below the healthy minimum of 5. It has decreased from 0.82 (Mar 23) to 0.35, marking a decrease of 0.47.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.28. This value is within the healthy range. It has increased from 0.24 (Mar 23) to 0.28, marking an increase of 0.04.
For Total Debt / Equity (X), as of Mar 24, the value is 0.76. This value is within the healthy range. It has decreased from 0.80 (Mar 23) to 0.76, marking a decrease of 0.04.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.23. It has decreased from 0.28 (Mar 23) to 0.23, marking a decrease of 0.05.
For Current Ratio (X), as of Mar 24, the value is 1.08. This value is below the healthy minimum of 1.5. It has decreased from 1.11 (Mar 23) to 1.08, marking a decrease of 0.03.
For Quick Ratio (X), as of Mar 24, the value is 0.17. This value is below the healthy minimum of 1. It has decreased from 0.18 (Mar 23) to 0.17, marking a decrease of 0.01.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 4. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 57.93. This value exceeds the healthy maximum of 50. It has increased from 27.30 (Mar 23) to 57.93, marking an increase of 30.63.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 22.34. This value is within the healthy range. It has increased from 16.53 (Mar 23) to 22.34, marking an increase of 5.81.
For Earning Retention Ratio (%), as of Mar 24, the value is 42.07. This value is within the healthy range. It has decreased from 72.70 (Mar 23) to 42.07, marking a decrease of 30.63.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 77.66. This value exceeds the healthy maximum of 70. It has decreased from 83.47 (Mar 23) to 77.66, marking a decrease of 5.81.
For Interest Coverage Ratio (X), as of Mar 24, the value is 1.62. This value is below the healthy minimum of 3. It has decreased from 1.85 (Mar 23) to 1.62, marking a decrease of 0.23.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.20. This value is below the healthy minimum of 3. It has decreased from 1.42 (Mar 23) to 1.20, marking a decrease of 0.22.
For Enterprise Value (Cr.), as of Mar 24, the value is 14,938.35. It has increased from 5,636.21 (Mar 23) to 14,938.35, marking an increase of 9,302.14.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 4.82. This value exceeds the healthy maximum of 3. It has increased from 1.70 (Mar 23) to 4.82, marking an increase of 3.12.
For EV / EBITDA (X), as of Mar 24, the value is 37.54. This value exceeds the healthy maximum of 15. It has increased from 12.20 (Mar 23) to 37.54, marking an increase of 25.34.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 4.42. This value exceeds the healthy maximum of 3. It has increased from 1.23 (Mar 23) to 4.42, marking an increase of 3.19.
For Retention Ratios (%), as of Mar 24, the value is 42.06. This value is within the healthy range. It has decreased from 72.69 (Mar 23) to 42.06, marking a decrease of 30.63.
For Price / BV (X), as of Mar 24, the value is 5.45. This value exceeds the healthy maximum of 3. It has increased from 1.64 (Mar 23) to 5.45, marking an increase of 3.81.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 4.42. This value exceeds the healthy maximum of 3. It has increased from 1.23 (Mar 23) to 4.42, marking an increase of 3.19.
For EarningsYield, as of Mar 24, the value is 0.00. This value is below the healthy minimum of 5. It has decreased from 0.02 (Mar 23) to 0.00, marking a decrease of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Sobha Ltd as of June 1, 2025 is: 1,486.21

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 1, 2025, Sobha Ltd is Undervalued by 3.71% compared to the current share price 1,433.00

Intrinsic Value of Sobha Ltd as of June 1, 2025 is: 1,480.03

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 1, 2025, Sobha Ltd is Undervalued by 3.28% compared to the current share price 1,433.00

Last 5 Year EPS CAGR: -0.42%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (2,431.62 cr) compared to borrowings (2,184.85 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.23 cr) and profit (261.38 cr) over the years.	The stock has a low average ROCE of 11.92%, which may not be favorable. The stock has a high average Working Capital Days of 487.50, which may not be favorable. The stock has a high average Cash Conversion Cycle of 30.75, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Sobha Ltd:
1. Net Profit Margin: 1.58%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 9.71% (Industry Average ROCE: 12.31%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 1.95% (Industry Average ROE: 10.61%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.2
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.17
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 162 (Industry average Stock P/E: 49.98)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.76
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

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. Currently Company is involved in the business activities of Construction of buildings. Company's Total Operating Revenue is Rs. 3091.95 Cr. and Equity Capital is Rs. 94.85 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Realty	�SOBHA�, Sarjapur-Marathahalli Outer Ring Road (ORR), Bengaluru Karnataka 560103	investors@sobha.com http://www.sobha.com

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

FAQ

What is the intrinsic value of Sobha Ltd?

Sobha Ltd's intrinsic value (as of 01 June 2025) is ₹1486.21 — 3.71% higher the current market price of 1,433.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 15,321 Cr. market cap, FY2025-2026 high/low of ₹2,178/1,075, reserves of 3,405 Cr, and liabilities of 16,228 Cr.

What is the Market Cap of Sobha Ltd?

The Market Cap of Sobha Ltd is 15,321 Cr..

What is the current Stock Price of Sobha Ltd as on 01 June 2025?

The current stock price of Sobha Ltd as on 01 June 2025 is 1,433.

What is the High / Low of Sobha Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Sobha Ltd stocks is ₹2,178/1,075.

What is the Stock P/E of Sobha Ltd?

The Stock P/E of Sobha Ltd is 162.

What is the Book Value of Sobha Ltd?

The Book Value of Sobha Ltd is 427.

What is the Dividend Yield of Sobha Ltd?

The Dividend Yield of Sobha Ltd is 0.21 %.

What is the ROCE of Sobha Ltd?

The ROCE of Sobha Ltd is 6.44 %.

What is the ROE of Sobha Ltd?

The ROE of Sobha Ltd is 2.68 %.

What is the Face Value of Sobha Ltd?

The Face Value of Sobha Ltd is 10.0.