NSE: SOBHA | BSE: 532784

Mid-range Performer

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1602.20 -11.60 (-0.72%)

49.00% Gain from 52W Low

428.4K NSE+BSE Volume

NSE 28 Jul, 2025 3:31 PM (IST)

16,166.2

Market Cap

High in industry

1.4

Beta 1Year

Very High Volatility

Estimates Miss

Sobha's Q1FY26 revenue grows 34.6% YoY to Rs 901.4 crore, misses Forecaster estimates by 13.4% 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.

11 Aug 2017

1602.20

-0.72%

Result Update - Sobha

Buy: Sobha Ltd.

Recommendation Target

Axis Direct

Sobhas management expects the improved performance of Q1FY18 (pre-sales of Rs 5.6 bn; up 20% YoY) to continue for FY18. It highlighted improved footfalls and conversion. Further, it expects the collection run-rate (Rs 7.3 bn in Q1 the highest in past 13 quarters) to be sustainable.

Sobha Ltd. has gained 26.63% in the last 3 Months

Sobha Ltd.

08 Aug 2017

1602.20

-0.72%

Sobha (1QFY18): Gearing up. Maintain BUY

Buy: Sobha Ltd.

HDFC Securities

Maintain BUY with a NAV of Rs 500/share. Sobha Developers (SDL) 1QFY18 net profit came in 40.3% ahead of estimates. This was owing to robust revenue recognition in the real estate segment, with 74.5% contribution (+20.9% YoY growth). Led by multi-quarter high collections of Rs 7.3bn, gross/net debt reduced Rs 760/490mn QoQ to Rs 21.6/20.2bn (0.75x net D/E). With a ramp up in APMCs project capex (during FY19E), debt may inch up, though net D/E remained stable and will max out at 0.9x.

Sobha Ltd. is trading above all available SMAs

Sobha Ltd.

19 May 2017

1602.20

-0.72%

Sobha Limited

Hold: Sobha Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Sobha's Q4FY17 results were largely above our expectations on both the topline and bottomline fronts. On the operational front, sales volumes grew robustly by 17.9% sequentially to 0.72 million square feet (msf) showing signs of recovery post demonetisation Sobha's topline grew 5.9% YoY to | 583.9 crore (our estimate: | 506.0 crore) led by 21.1% growth in revenues from contractual and manufacturing division to | 216.6 crore (our estimate: | 155.8 crore)...

Sobha Ltd. has gained 26.63% in the last 3 Months

Sobha Ltd.

17 May 2017

1602.20

-0.72%

Sobha (4QFY17): Long term story intact. Upgrade to BUY

Buy: Sobha Ltd.

Target

HDFC Securities

Sobha Developers (SDL) 4QFY17 net profit came in 30.6% ahead of estimates. This was led by contracting business, with 37% revenue contribution vs avg ~30% historically and two new projects hitting revenue threshold, adding Rs 630mn in realty segment. Net debt stood at Rs 20.7bn (0.78x net D/E), and with land/commercial assets? capex likely to remain low, debt may stabilise at current levels.

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

Sobha Ltd.

12 Apr 2017

1602.20

-0.72%

Flash Note:Sobha

Hold: Sobha Ltd.

Recommendation Target

Axis Direct

Sobha'spre-sales grew~35% QoQin Q4FY17 (0.7msf/ Rs 5 bn),partially aided by strong pre-sales in Gurgaon market (driven by pent-up demand and developments on Dwarka Expressway).However, volumes are yet to reach steady state (down 6% YoY).

Sobha Ltd. has gained 25.14% in the last 6 Months

Sobha Ltd.

05 Apr 2017

1602.20

-0.72%

Sobha Limited

Hold: Sobha Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Sobha Ltd (Sobha) posted a strong show in quarterly volumes without any new launches in Q4FY17. The company is recovering very well from demonetisation impact and it managed to clock 17.9% sequential growth in sales volumes to 0.72 million square feet (msf) in the quarter. In terms of geography, the Bengaluru market continues to remain firm with sales volumes of 0.51 msf in Q4FY17 vs. 0.5 msf in Q3FY17. Also, Sobha witnessed good traction in the NCR market where it managed sales...

Sobha Ltd. has gained 26.63% in the last 3 Months

Sobha Ltd.

15 Feb 2017

1602.20

-0.72%

Result Update:Sobha

Buy: Sobha Ltd.

Target

Axis Direct

While Sobha saw sharp decline in pre-sales in Q3 (down 22% YoY) post demonetization,itis seen improving in Q4. Management indicated pre-sales in Q4 will be better than Q3. However, it highlighted that FY17 pre-sales guidance (Rs 20 bn) is likely to be missed.

Sobha Ltd. is trading above all available SMAs

Sobha Ltd.

10 Feb 2017

1602.20

-0.72%

Sobha (3QFY17): Looking ahead. Maintain BUY

Buy: Sobha Ltd.

Target

HDFC Securities

Sobha Developers (SOBHA) 3QFY17 net profit came in 3.4% ahead of estimates. The beat was on account of a new tower in the Sobha Dream Acres project contributing Rs 604mn to revenues. Net debt is stable at Rs 20.8bn (0.8x net D/E) and the company has guided for limited FY17E land/commercial assets capex, with debt likely to decline.

Sobha Ltd. has gained 26.63% in the last 3 Months

Sobha Ltd.

09 Feb 2017

1602.20

-0.72%

Sobha Limited

Hold: Sobha Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Sobha reported a better financial performance in Q3FY17, which was better than our expectation on both topline & bottomline fronts. However, on the operational front, volumes fell 23.9% YoY to 0.61 mn sq ft (msf) impacted by demonetisation The topline grew 23.2% YoY to | 542.5 crore (our expectation: | 432.8 crore) led by 16.6% growth in real estate projects revenue to | 334.5 crore (our expectation: | 264.4 crore) and 34.4% YoY growth...

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

Sobha Ltd.

11 Jan 2017

1602.20

-0.72%

Flash Note:Sobha

Buy: Sobha Ltd.

Axis Direct

Sobha reported ~24% YoY drop in its pre-sales in Q3 (0.6msf/ Rs 3.7 bn) which was partially aided by strong pre-sales in October (festive season). While pre-sales were steady in November, the company saw nearly no pre-sales in December due to the demonetization drive.

Sobha Ltd. is trading above all available SMAs

Is Sobha Ltd. worth buying?

160 Votes:

Buy 81.88%

Sell 10.62%

Hold 7.5%

RESEARCH REPORTS

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