NSE: SOBHA | BSE: 532784

Strong Performer, Getting Expensive

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1697.60 2.40 (0.14%)

57.87% Gain from 52W Low

154.3K NSE+BSE Volume

NSE 21 Jul, 2025 3:31 PM (IST)

17,128.8

Market Cap

High in industry

1.3

Beta 1Year

Very High Volatility

Board Meeting

The next board meeting for Sobha Ltd. is on 25 Jul 2025 for the purpose of Quarterly Results & Others See details

Sobha Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SOBHA, BSE:532784 Sobha Ltd.

Sobha Ltd.

01 Nov 2021

1697.60

0.14%

Ashika - Stock Picks - Sobha Ltd. - November 2021

Buy: Sobha Ltd.

Ashika Research

completed approximately 390 projects in both real estate and contracts verticals with a total developed area of over 81.64 million square feet. Its residential projects include SOBHA Contracting and SOBHA Manufacturing. The company is also engaged in manufacturing activities related to interiors glazing and metal works and concrete products which also...

Sobha Ltd. is trading above all available SMAs

Sobha Ltd.

07 Oct 2021

1697.60

0.14%

On a strong footing

Hold: Sobha Ltd.

Target

ICICI Securities Limited

As per Sobha’s business update, the company has achieved its best ever quarterly volumes in Q2FY22 with gross sales bookings of 1.35msf worth Rs10.3bn which were up 51% YoY in volume terms and 49% YoY in value terms driven by Bengaluru, Gurugram and Pune markets. While Q1FY22 saw a muted performance owing to the second Covid wave across India, the improved Q2FY22 performance reflects the strong demand in South India driven hiring in IT/ITeS sector, accompanied by salary hikes and low mortgage rates of 6.5-7.0%. We expect this momentum to continue into H2FY22.

Sobha Ltd. has gained 28.47% in the last 6 Months

Sobha Ltd.

06 Feb 2020

1697.60

0.14%

Sobha Ltd: Real Estate Management & Development

Buy: Sobha Ltd.

Target

Karvy

Stable Pre-sales, Rising Debt: During the quarter, the pre-sale volume remained steady at 1.07 Mnsft

Sobha Ltd. has gained 28.47% in the last 6 Months

Sobha Ltd.

04 Feb 2020

1697.60

0.14%

Sobha (3QFY20): Mixed bag. Maintain BUY

Buy: Sobha Ltd.

Target

HDFC Securities

SDL has slowed down new launches and focus is on monetizing existing unsold area (14.8mn sqft). Cash flows have been a drag due to last mile completion of Residential/Lease assets and lower quantum of contractual advances. Whilst residential segment is pain for sector, SDL has shifted focus to <Rs 20mn ticket size which continues to do well. Cash flows run rate recovery, pickup in demand and debt reduction shall lead to re-rating. We maintain BUY. Key risks: (1) Weak order inflow in the contracting business, (2) Muted collection momentum and (3) Capex on land bank addition despite having robust development inventory. Sobha (SDL) delivered Rev/EBIDTA beat (7.5/15%) but high interest cost and deferred asset write down (shift to new tax regime) resulted in PAT miss (8.4%). Operating cash flow on 9MFY20 saw sharp fall despite steady collections and pre-sales. Despite this we believe affordable segment recovery will play out and operating cash flows to normalize from 1QFY21E. We maintain BUY with a TP of Rs 590/sh

Sobha Ltd. has gained 13.18% in the last 1 Week

Sobha Ltd.

04 Feb 2020

1697.60

0.14%

Sobha Ltd - Result Update Q3FY20

Buy: Sobha Ltd.

Edelweiss

Inspite of strong pre sales volume growth, realizations were muted leading to only a 1% increase in Sobha's pre sales numbers to INR 608 Cr.

Sobha Ltd. is trading above all available SMAs

Sobha Ltd.

14 Nov 2019

1697.60

0.14%

Sobha Ltd: Real Estate Management & Development

Buy: Sobha Ltd.

Target

Karvy

Stable Pre-sales, Weak Earnings: During the quarter, the pre-sales volume remained steady at 1.04 Mnsft

Sobha Ltd. has an average target of 1737.00 from 2 brokers.

Sobha Ltd.

13 Nov 2019

1697.60

0.14%

Sobha Ltd - Result Update Q2FY20

Buy: Sobha Ltd.

Target

Edelweiss

Sobha Ltd. reported its Q1FY20 results. The company recorded muted pre-sales volume of 1.0msf, flat on a YoY (down 3% QoQ).

Sobha Ltd. has gained 28.47% in the last 6 Months

Sobha Ltd.

12 Nov 2019

1697.60

0.14%

Sobha (2QFY20): Stable pre-sales, earnings disappoint. Maintain BUY

Buy: Sobha Ltd.

Target

HDFC Securities

SDL has ~16.2mn sqft of unsold area in ongoing projects and expects to add 10.5mn sqft from new projects in the pipeline, over the coming quarters. Whilst SDL has only 0.22 mnsqft of unsold completed inventory worth Rs 1.2bn we remain cautious on land bank addition of Rs 1.8bn during 1HFY20 (given SDL already has a high unsold under construction inventory, 4yrs). Net D/E is expected to reduce to 1.1x by FY20E as the collections from two projects where issue of delay in registration was resolved is expected to see improved collections coupled with 2mn sqft of planned launches in 2HFY20. The contracting business is seeing good growth with an order book of Rs 21.7bn. We maintain BUY. Key risks: (1) Weak order inflow in the contracting business, (2) Dip in collection momentum and (3) Aggressive incremental land bank addition. Sobha delivered a Rev/EBITDA/PAT miss of 34/30/31% respectively on the back of 49% QoQ revenue dip in the Real Estate segment with Contracts and Manufacturing segment holding steady. We maintain BUY with a reduced TP of Rs 647/sh.

Sobha Ltd. has gained 13.18% in the last 1 Week

Sobha Ltd.

16 Aug 2019

1697.60

0.14%

Sobha Ltd: Pre-sales Increasing Steadily and Debt Too

Buy: Sobha Ltd.

Karvy

Pre-sales Increasing Steadily and Debt Too: During the quarter, the company experienced a 11% YoY growth in pre-salevolume which stood at 1.06 Mn, although pre-sale value remained flattish YoY dueto decrease in realisation by 8%.

Sobha Ltd. has an average target of 1737.00 from 2 brokers.

Sobha Ltd.

14 Aug 2019

1697.60

0.14%

Sobha (1QFY20): Well placed for growth. Maintain BUY

Buy: Sobha Ltd.

HDFC Securities

SDL has ~17.1mn sqft of unsold area in ongoing projects and expects to add 10.7mn sqft from new projects in the pipeline, over the coming quarters. Whilst SDL has only 0.3 mnsqft of unsold completed inventory worth Rs 1.2bn we remain cautious on land bank addition of Rs 1.5bn during 1QFY20 (when SDL already has high unsold under construction inventory). Net D/E is expected to reduce to 1.1x by FY20E as there were delays in agreement registration in two projects, which resulted in slower collections. The contracting business is seeing good growth with an order book of Rs 22.3bn. We maintain BUY. Key risks: (1) Further deterioration in NBFC liquidity, (2) Weak order inflow in the contracting business, (3) Dip in collection momentum and (4) Any aggressive land bank addition. We maintain BUY post a stable quarter. Our SOTP-based TP is maintained at Rs 652. We have increased our EPS estimate by 2/2.1% for FY20/21E.

Sobha Ltd. has gained 41.99% in the last 3 Months

Is Sobha Ltd. worth buying?

159 Votes:

Buy 81.76%

Sell 10.69%

Hold 7.55%

RESEARCH REPORTS

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