Sobha Share Price

1. For the May-June quarter, Sobha Ltd. posted an incline in its Profit After Tax (PAT) of 10.27% to stand at Rs.52.6 crore as against Rs.47.7 crore posted during the same period last fiscal.
2. The company said that its total income of Rs.610.10 crore during the said quarter as against Rs.689.10 crore - down by 11.46%.
3. As for its Earnings Per Share (EPS), the company reported being at Rs.5.55 for Q1 FY2019 as compared to Rs.4.95 for the same period last financial year.
4. However, the company's expenses during the quarter remained lower at Rs.536.10 crore as compared to Rs.616.30 crore posted during the same period last fiscal.
5. As for its operational highlights, sales volume grew by 18% over the last fiscal for the same period.
6. The company's total sales value was up by 22%, while Sobha share of sales value grew by 9% as against what it reported for Q1 FY2018.

Sobha Ltd. 2017-18 Annual Report

1. For the financial year ending 2018, Sobha Ltd. reported that its revenue was best ever as it grew by 24% to stand at Rs.2,836.50 crore as against Rs.2,284.70 crore reported during the previous fiscal.
2. The EBITDA for the financial year was up by 24% to stand at Rs.569.20 crore as against Rs.458.30 crore reported during the previous fiscal.
3. As for its PAT, the company said that it increased by 35% to stand at Rs.216.40 crore as compared to Rs.160.80 crore during the same period last fiscal.

Sobha Ltd. Q4 2018 Results

1. The company posted a 42.17% incline in its consolidated net profit to be at Rs.65.40 crore for the said quarter as compared to Rs.46 crore during the same period last financial year.
2. Its total revenue increased by 32% to stand at Rs.789.20 crore for the said quarter as against Rs.601.30 crore posted for Q4 FY17.
3. The company's said that its expenses remained higher to stand at Rs.698.50 crore as compared to Rs.525.60 crore for the same period last fiscal.
4. During this period, the board recommended a dividend of Rs.7 per equity share for the 2017-18 period.
5. Sales volume during the said quarter was up by 9% compared to Q3 FY18 period, while it was up by 40% year-on-year.

Sobha Ltd. Stock Trend in 2018

1. Sobha stock price on the 1st of January 2018 closed for trading at Rs.606.70 and on the 8th of the month, the stock hit a 52-week high on robust Q3 FY18 results. However, it declined in the back of mixed realty sector performance and lost more than 70 points to touch Rs.535.85 before recovering to close for the month at Rs.570.10.
2. During the month of February, the stock price of Sobha fluctuated on the back of a robust performance of realty sector only to end the month at Rs.554.75, down by more than 20 points compared to the previous month's closing price.
3. Despite realty stocks keeping the Nifty Realty index high, the Sobha share prices declined significantly in the month of March when the stock lost nearly 50 points over the course of the month.
4. On the 2nd of April, the stock price of the company closed for trading at Rs.512.30 before it began inclining significantly over the course of the month in the back of robust Q4 FY18 results which led the stock to rally and close for the month at Rs.550.10.
5. While the stock performed well during the first week of May, it declined as Nifty Realty stocks posted losses with the company's stock closing at Rs.510 at the end of the month.
6. With the Realty sector's performance on the decline, stock prices of realty firms and that of Sobha dropped further over the course of June as the stock price at the end of the month closed for trading at Rs.441.20.
7. In July, the stock price of Sobha moved upwards in the back of strong Q1 FY19 results with gains of more than 40 points to close at Rs.485.40 on the 12th. On the 25th, the company declared a final dividend of Rs.70% prompting the stock climb upwards to touch Rs.472.50 on the 31st of the month.
8. On the 1st of August, Sobha share price stood at Rs.473.15 and rose to touch Rs.530.65 on the 10th in the back of robust Q1 results only to drag realty index down in the last weeks of the month when the stock closed for trading at Rs.459.55.
9. In September, the shares of realty stood in the negative territory which prompted the share priced of Sobha decline by more than 50 points to close for the month at Rs.398.45.

Sobha Ltd. Stock Trend in 2016 and 2017

1. When the stock market opened for trading on the 1st of January 2016, the stock price of Sobha Ltd. stood at Rs.316.20. Due to lower than expected Q3 FY17 results, the share price of the company declined to touch Rs.230.25; however, by the end of March, the stock recovered to close at Rs.273.95.
2. In April, shares of Sobha rose on the back of a better financial year-end result and gained about 20 points to end the month at Rs.294.70. In May, the company announced to buy back and despite the net profit for Q4 declining, the stock price continued to incline and gained about 10 points to close at Rs.305. The upward trend continued in the month of June as well with the scrip gaining 20 points to close for the month at Rs.326.70.
3. In July, the stock surged over 7% on share buyback coupled with the declaration of a final dividend of 20%, it gained to touch Rs.332.85. In August and September, the stock fell by almost 30 points to close at Rs.292.70 on the last day of September.
4. The sales of the company for the period between July-September grew by 5% to touch Rs.309.45 on the 10th; however, the scrip dropped to its lowest in November and December when it was trading at Rs.235.70 on the 16th of November on the back of a disappointing Q2 FY2017 result. In December, the stock gained few points and closed for the month at Rs.245.60.
5. When the market opened for trading on the 2nd of January 2017, the Sobha share price stood at Rs.252.15 with not many gains over the course of the month by closing at Rs.260.35. In February, the scrip gained nearly 30 points to touch Rs.291 on the back of better-than-expected Q3 FY2017 results. Due to a spurt in volume in Sobha shares, the stock price rose to Rs.336.40 before stablising, and by the end of the month, it hit a 52-week high to touch Rs.363.15 on the 23rd.
6. In April, the scrip tumbled 9% in the second week due to the stake sale by a promoter of the company to close at Rs.370.55, while in May, the stock price hit a 52-week high to touch Rs.425.80 in the back of robust Q4 FY17 results. In June, the stock price remained stable and closed for the month at Rs.368.40.
7. On the back of the company achieving new sales volume in Q1 FY18, the stock gained about 30 points to touch Rs.395.85. It also announced a final dividend of 25% which prompted the scrip to gain nearly 10 points to touch Rs.404.40. In August, the company bought back equity shares worth Rs.62 crore, the scrip closed for trading at Rs.388.95 on the 2nd of the month. On the last day of September, the scrip was seen closing at Rs.393.40.
8. With a 26.6% increase in net profit for the quarter ending September 2017 and the buyback of equity shares, the scrip jumped to touch Rs.535.50 and in November, the stock touched a record high of Rs.624.75 in the back of a development plan by the company. The Sobha share continued to keep the Nifty Realty index high and by the end of December, the stock price of Sobha stood at Rs.619.

Should You Invest in Sobha Stocks?

1. The stock price of Sobha has moved upwards in the recent months on the back of a robust financial performance.
2. Despite a slump in the month of September 2018 - due to a lower realty market, the stock has recovered and is back to its trading value.
3. In the results for the quarter ending June 2018, the company posted an incline of 10.27% in net profit to touch Rs.52.6 crore as against Rs.47.7 crore reported during the same period last fiscal.
4. For the fiscal ending March 2018, Sobha Ltd. reported it posted the best revenue rising by 24% over the previous financial year.
5. The realty firm has regularly announced dividends for its shareholders reflecting the company's financial performance is on track.

Company Information

Sobha Ltd. is one of the leading realty firms in India which was founded by Mr P.N.C. Menon in 1995. It's primarily engaged in the construction and development of commercial and residential projects. The company started four manufacturing divisions - glazing and metal works, interiors and, Restoplus (spring mattress) and concrete products. Some of its clientele include Infosys, Dell, HP, Taj Group, Timken, Biocon, Bosch, Hotel Leela Ventures, and Institute of Public Enterprises, among others.

Company History

Sobha Ltd., previously known as Sobha Developers, was founded by Mr. P.N.C. Menon in 1995 after three decades of experience in creating interiors of palaces in the Middle-East. Sobha Ltd. is the only backward integrated realty company in India. As of 30 June 2018, the company has completed real estate and contractual projects covering nearly 96.48 million square feet of area. Sobha Ltd. has its presence in Bengaluru, Gurugram, Chennai, Pune, Coimbatore, Thrissur, Cochin, Calicut, and Mysore. In 2014, the company changed its name from Sobha Developers Ltd. to Sobha Ltd. Globally, the company has its presence in Oman and Dubai.

Management of the Company

Mr. P.N.C. Menon

Mr. P.N.C. Menon is the Chairman Emeritus of Sobha Ltd. and is the founder of the Sobha Group of Companies. He started his career by setting up a interior decoration company in Oman in 1976 and expanded the business to several other countries in the Middle-East. He was awarded the prestigious "Pravasi Bharatiya Samman Puraskar' by then Honourable President of India, Ms. Pratibha Patil in 2009. Mr. Menon is also a member of the Prime Minister's Advisory Council of Overseas Indians.

Mr. Ravi P.N.C. Menon

Mr. Ravi P.N.C. Menon has been the Chairman of the company since 2012 and joined the company in 2004. He has managed the areas of project execution, Process and IT, Quality, Technology, Customer Relationship Management, Design and Engineering, among others. He's a graduate in Civil Engineering from Purdue University, USA.

J.C. Sharma

J.C. Sharma is the Vice Chairman and Managing Director of Sobha Ltd. and has been associated with the company since 2001. He's responsible for managing the overall affairs of the realty firm, especially finance, land acquisition and legal functions. He has a Bachelor's Degree in Commerce (Hons.) from Xavier College, Kolkata. He comes with over 35 years of experience in several industries such as textiles, automobiles, real estate and steel in the areas of finance and management. He's also a Chartered Accountant and Company Secretary.

Sobha Ltd. Listings in NSE, BSE, and Stock Market Indices

The equity shares of Sobha Ltd. is available for trading in the National Stock Exchange of India (NSE) and the Bombay Stock Exchange of India (BSE). Here are the codes for trading stocks of Sobha Ltd:

1. NSE Code - SOBHAEQ
2. BSE Code - 58888
3. ISIN Code - INE671H01015
4. Sector - Construction and Constructing - Real Estate

The stock indices of Sobha Ltd. are as follows:

1. S&P CNX 500

Registered and Corporate Office

SOBHA

Sarjapur - Marathahalli Outer Ring Road (ORR)

Devarabisanahalli, Bellandur Post,

Bangalore - 560103

Karnataka, India.

Tel: +91 80 49320000

Fax: +91 80 49320444

Website: www.sobha.com

Marketing Office

SOBHA

Sarjapur - Marathahalli Outer Ring Road (ORR)

Devarabisanahalli, Bellandur Post,

Bangalore - 560103

Karnataka, India.

Tel: +91 080 46464500

Fax: +91 80 49320444

Email: marketing@sobha.com

Website: www.sobha.com

Dubai Office

SOBHA

P.O. Box: 52687

13 Floor, SOBHA Sapphire,

Business Bay (Al Khail Road Entrance)

Dubai, U.A.E.

For Indian properties enquiry

Mobile: +971 56 4010 056

Email: sdl@sobha-me.com

Singapore Office

SOBHA

#22-06 International Plaza,

10 Anson Road,

Singapore - 079903

Tel: +65 62263494

Fax: +65 62263053

Email: sales.singapore@sobha.com

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The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.