SOBHA LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,021 INR | -0.87% |
|
+3.30% | +105.05% |
| Jun. 13 | Sobha Gets Board Nod to Raise INR20 Billion Via Rights Issue; Shares Gain 5% | MT |
| May. 17 | Indian realty developer Sobha's fourth-quarter profit slumps on weak Bengaluru sales | RE |
Valuation
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 12,695 | 41,443 | 67,127 | 40,841 | 137,408 | 191,702 | - | - |
| Enterprise Value (EV) 1 | 42,925 | 69,963 | 89,874 | 56,595 | 137,408 | 199,547 | 196,403 | 197,004 |
| P/E ratio | 4.51 x | 66.5 x | 57.4 x | 42.8 x | 280 x | 51.7 x | 32.1 x | 22.7 x |
| Yield | 5.23% | 0.8% | 0.42% | 0.7% | 0.21% | 0.26% | 0.26% | 0.39% |
| Capitalization / Revenue | 0.34 x | 1.96 x | 2.46 x | 1.23 x | 4.44 x | 4.3 x | 3.56 x | 3.06 x |
| EV / Revenue | 1.14 x | 3.32 x | 3.29 x | 1.71 x | 4.44 x | 4.48 x | 3.65 x | 3.14 x |
| EV / EBITDA | 3.71 x | 9.76 x | 10.1 x | 15.3 x | 49.6 x | 29.4 x | 19.8 x | 15 x |
| EV / FCF | 48 x | 12.2 x | 11.2 x | 5.51 x | - | 13.8 x | -100 x | - |
| FCF Yield | 2.08% | 8.2% | 8.91% | 18.1% | - | 7.25% | -1% | - |
| Price to Book | 0.52 x | 1.71 x | 2.67 x | 1.64 x | - | 6.54 x | 5.48 x | 4.95 x |
| Nbr of stocks (in thousands) | 94,846 | 94,846 | 94,846 | 94,846 | 94,846 | 94,846 | - | - |
| Reference price 2 | 133.8 | 437.0 | 707.8 | 430.6 | 1,449 | 2,021 | 2,021 | 2,021 |
| Announcement Date | 6/27/20 | 6/22/21 | 5/20/22 | 5/29/23 | 5/17/24 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 37,539 | 21,098 | 27,309 | 33,101 | 30,969 | 44,564 | 53,813 | 62,658 |
| EBITDA 1 | 11,581 | 7,172 | 8,892 | 3,694 | 2,770 | 6,794 | 9,896 | 13,145 |
| EBIT 1 | 10,858 | 6,378 | 8,525 | 2,672 | 1,988 | 7,108 | 10,765 | 14,444 |
| Operating Margin | 28.92% | 30.23% | 31.22% | 8.07% | 6.42% | 15.95% | 20% | 23.05% |
| Earnings before Tax (EBT) 1 | 4,330 | 752 | 1,581 | 1,317 | 742.3 | 4,455 | 8,313 | 11,785 |
| Net income 1 | 2,815 | 623 | 1,168 | 953 | 491.1 | 3,252 | 5,940 | 9,194 |
| Net margin | 7.5% | 2.95% | 4.28% | 2.88% | 1.59% | 7.3% | 11.04% | 14.67% |
| EPS 2 | 29.69 | 6.570 | 12.32 | 10.05 | 5.180 | 39.07 | 62.96 | 89.00 |
| Free Cash Flow 1 | 894 | 5,735 | 8,010 | 10,268 | - | 14,474 | -1,955 | - |
| FCF margin | 2.38% | 27.18% | 29.33% | 31.02% | - | 32.48% | -3.63% | - |
| FCF Conversion (EBITDA) | 7.72% | 79.96% | 90.08% | 277.96% | - | 213.06% | - | - |
| FCF Conversion (Net income) | 31.76% | 920.55% | 685.79% | 1,077.44% | - | 445.13% | - | - |
| Dividend per Share 2 | 7.000 | 3.500 | 3.000 | 3.000 | 3.000 | 5.184 | 5.267 | 7.900 |
| Announcement Date | 6/27/20 | 6/22/21 | 5/20/22 | 5/29/23 | 5/17/24 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Marzo | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,682 | 7,313 | 5,816 | 6,673 | 8,682 | 12,099 | 9,079 | 7,412 | 6,849 | 7,629 | 9,977 |
| EBITDA 1 | 2,275 | 2,043 | 2,136 | 922 | 888 | 1,156 | 653.8 | 754.5 | 741.3 | 620.7 | 772 |
| EBIT 1 | 2,097 | 1,927 | 2,063 | 743 | 713 | 895 | 471 | 561.4 | 540 | 415.7 | 575 |
| Operating Margin | 31.38% | 26.35% | 35.47% | 11.13% | 8.21% | 7.4% | 5.19% | 7.57% | 7.88% | 5.45% | 5.76% |
| Earnings before Tax (EBT) 1 | 442 | 364 | 216 | 344 | 351 | 626 | 172.9 | 246.7 | 213.6 | 109.1 | 275 |
| Net income 1 | 327 | 250 | 137 | 192 | 318 | 440 | 120.5 | 149.5 | 150.8 | 70.29 | 247 |
| Net margin | 4.89% | 3.42% | 2.36% | 2.88% | 3.66% | 3.64% | 1.33% | 2.02% | 2.2% | 0.92% | 2.48% |
| EPS | 3.450 | 2.640 | 1.440 | 2.030 | 3.350 | 4.640 | - | 1.580 | - | 0.7400 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/11/22 | 5/20/22 | 8/9/22 | 11/14/22 | 2/7/23 | 5/29/23 | 8/7/23 | 11/6/23 | 2/7/24 | 5/17/24 | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: Marzo | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 30,230 | 28,520 | 22,746 | 15,754 | - | 7,845 | 4,701 | 5,302 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.61 x | 3.977 x | 2.558 x | 4.265 x | - | 1.155 x | 0.475 x | 0.4034 x |
| Free Cash Flow 1 | 894 | 5,735 | 8,010 | 10,268 | - | 14,475 | -1,955 | - |
| ROE (net income / shareholders' equity) | 12.1% | 2.56% | 4.73% | 3.88% | - | 12.6% | 19.2% | 24.2% |
| ROA (Net income/ Total Assets) | 2.59% | 0.56% | 1.03% | 0.79% | - | 4.56% | 5.79% | - |
| Assets 1 | 108,797 | 111,111 | 113,021 | 120,633 | - | 71,367 | 102,622 | - |
| Book Value Per Share 2 | 256.0 | 256.0 | 265.0 | 263.0 | - | 309.0 | 369.0 | 409.0 |
| Cash Flow per Share 2 | 21.60 | 64.70 | 86.60 | 121.0 | - | 138.0 | 178.0 | - |
| Capex 1 | 1,157 | 395 | 202 | 1,234 | - | 918 | 878 | 400 |
| Capex / Sales | 3.08% | 1.87% | 0.74% | 3.73% | - | 2.06% | 1.63% | 0.64% |
| Announcement Date | 6/27/20 | 6/22/21 | 5/20/22 | 5/29/23 | 5/17/24 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
2,021
INR
Average target price
1,803
INR
Spread / Average Target
-10.79%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +105.05% | 2.3B | |
| +31.82% | 26.5B | |
| -1.96% | 25.06B | |
| +14.65% | 24.69B | |
| -21.26% | 23.3B | |
| +35.56% | 20.67B | |
| +1.01% | 19.25B | |
| -1.16% | 19.05B | |
| +49.86% | 18.28B | |
| +19.98% | 14.84B |
- Stock Market
- Equities
- SOBHA Stock
- Financials Sobha Limited
