Live Sobha Share Price Chart

O 1606

H 1606

L 1606

VOL 490

Sobha Performance

Days Range

Low: ₹1,590.00
High: ₹1,637.00
Previous Close ₹1,608.00
Open ₹1,606.00
Volume 1,29,425
Day’s Range ₹1,590.00 - ₹1,637.00
52W Range ₹434.00 - ₹1,687.00
Market Cap ₹15,252 Cr

Sobha Fundamentals

ROCE (TTM) 8.78
P/E Ratio (TTM) 168.21
P/B Ratio 6.12
Industry P/E 49.87
Debt to Equity 0.81
ROE 4.31
EPS (TTM) 9.56
Dividend Yield 0.19
Book Value 262.7
Face Value 10

Sobha Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales1,209.93907.91741.24684.93
Expenses1,112.05860.81685.1630.93
Profit before tax66.9317.2924.6721.36
Operating Profit48.5812.0514.9515.08
Net Profit48.5812.0514.9515.08
EPS in Rs5.131.271.581.59

About Sobha

History

Sobha Limited (SL), earlier known as Sobha Developers Limited (SDL), was established on August 7th, 1995, under the leadership of Mr. PNC Menon.  In September 1997, SDL launched its first residential project, Sobha Sapphire, in Bangalore, followed by the launch of “Harisree Garden” in Coimbatore. 

The company received ISO 9001 (1994 series) certification in July 1998. By September 1999, Sobha Sapphire was successfully completed and handed over. During the same year, SDL commenced the construction of the Corporate Block for Infosys Technologies Limited in Bangalore, which was completed and handed over by September 2000.

In November 2000, SDL began its first contractual project outside Bangalore for Infosys Technologies Limited in Mysore, receiving recognition for its efforts. By September 2001, the company had completed and handed over this project. In October 2003, the Sobha Construction Academy and Sobha Research and Development Center were initiated. 

To facilitate corporate restructuring in April 2006, the company acquired selected assets and liabilities from Sobha Interiors Private Limited, Sobha Glazing and Metal Works Private Limited, and Sobha Space Private Limited. By June 2006, the company transitioned from a private to a public entity. In September 2006, SDL received a PR 1 rating from CARE. On December 20, 2006, the company was listed on BSE and NSE with its IPO of ₹569.17 crore.

In 2007, the company sold its subsidiary, SBG Housing, and in August of the same year, signed an MoU with the Kerala Government for a township project worth ₹5,000 crores. SDL entered the Coimbatore real estate market in January 2008 with the residential project Sobha Emerald. In April 2008, it signed a letter of intent with the Indian arm of German company TUV Rheinland (India) for a 50:50 joint venture.

By June 2008, SDL expanded into the Mysore realty market with three projects. In July 2008, the company received Foreign Direct Investment (FDI) from Pan Atlantic Dubai for a new project in Hosahalli, Bangalore. In the financial year 2014, Sobha Limited executed and handed over 7 residential projects and 19 contractual projects, covering a total area of 6.68 million square feet. 

During FY 2018, Sobha Highrise Ventures Private Limited acquired Sobha Contracting Private Limited, making it a wholly owned subsidiary. The company continued its growth in subsequent years, executing and handing over numerous real estate and contractual projects.

In the year 2022-23, Sobha Limited completed 2.93 million square feet of projects in Bangalore and launched new projects in various locations.

Business Segments 

Sobha Limited is a real estate development company based in India. The company’s business segments mainly include:

  1. Real Estate Development: This is the primary segment where Sobha Limited is engaged in developing and selling residential and commercial properties. This includes various types of properties like apartments, villas, row houses, luxury and super luxury apartments, and plotted developments.
  2. Contractual Projects: Sobha Limited also undertakes contractual work that involves a range of construction and interior decoration services. These services are provided to corporate clients and involve constructing corporate offices, campuses, and other commercial structures.
  3. Manufacturing: The company has a manufacturing segment includes products for interiors, like doors, windows, and metal fittings. This segment is known for its precision and quality, supporting its real estate and contractual segments.
  4. Other Ventures: Sobha Limited has diversified into various other ventures over time. This may include hospitality, retail, and other business areas that complement their primary real estate business.

Subsidiaries of Sobha Limited

As of March 31, 2023, the company has six direct subsidiaries and five step-down subsidiaries. A few of these subsidiaries are listed below:

  1. Sobha City: This subsidiary is a prominent real estate company headquartered in Bangalore, India. It has a significant market presence in India and also extends its operations internationally, notably in Oman and Dubai, where it is known as Sobha Realty.
  2. Sobha Highrise Ventures Private Limited: Established on May 28, 2012, it is a privately held company that is not listed on any stock exchange. It is recognised as a ‘company limited by shares’ and is officially registered with the Registrar of Companies in Bangalore. The company has been actively engaged in the real estate and property rental sectors for over a decade.
  3. Sobha Assets Private Limited: This company was formed on March 13, 2012, and is another privately held entity that is not listed publicly. It operates under the same business structure as a ‘company limited by shares’ and is registered with the Bangalore ROC. With a focus on real estate operations involving both owned and leased properties, this company has been operational for nearly 12 years.

Key Personnel

Mr. PNC Menon, Founder

Mr. PNC Menon, the founder of SOBHA, is renowned for his ambitious vision and exceptional craftsmanship, notably in the Sultan Qaboos Grand Mosque and Al Bustan Palace in Oman. Under his leadership, SOBHA has become synonymous with excellence and ethical business practices. Menon’s concept of self-reliance has driven the brand to remarkable heights, including its expansion into the international market with SOBHA Realty in UAE in 2003.

Mr Menon has been honoured with prestigious awards such as the ‘Golden Peacock Lifetime Achievement Award for Business Leadership’ in 2014 and the ‘Lifetime Achievement Award’ at the NDTV Property Awards in 2013. He received the ‘Pravasi Bharatiya Samman Puraskar’ from India’s then-President, Ms. Pratibha Patil in 2009 and is a member of the Prime Minister’s Advisory Council of Overseas Indians.

Corporate Actions 

Buyback 

  • In 2017, Sobha Limited initiated a buyback of 1.46 million shares at ₹425.00 per share, with the record date on August 28, 2017.
  • On June 6, 2016, Sobha Limited announced a buyback of 2.28 million shares at ₹330 per share, representing 2.32% of its total shares
Parent Organisation MNC Associate
Founded 1995
Managing Director Ravi PNC Menon
NSE Symbol SOBHA

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Sobha FAQs

What is the Share price of Sobha (SOBHA)?

Sobha (SOBHA) share price as of April 18, 2024, on NSE is Rs 1,615.00 (NSE) and Rs 1,617.85 (BSE) on BSE.

Can I buy Sobha (SOBHA) shares?

Yes, You can buy Sobha (SOBHA) shares by opening a Demat account with Angel One.

How do I buy Sobha (SOBHA) from Angel One?

Sobha (SOBHA) share can be brought through the following modes:
  1. Direct investment: You can buy Sobha (SOBHA) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Sobha (SOBHA) shares.

Is Sobha Ltd a Debt free Company?

Sobha ltd has low debt.

What is the main business of Sobha Ltd?

Sobha Limited is a real estate developer involved in a wide range of activities related to construction, operation of townships, housing projects, commercial premises, and other associated ventures.

Who are the promoters of Sobha Ltd?

Sobha Menon and P N C Menon are the major promoters of Sobha.

What are the Subsidiaries that comes under Sobha Ltd?

Sobha Highrise Ventures Private Limited, Sobha Developers (Pune) Limited, and Sobha Nandambakkam Developers Limited are a few subsidiaries that come under Sobha.