Sobha Limited
Incorporated in August 1995, Sobha Limited (Sobha) is an established player in real estate development and contract construction in Bengaluru. Sobha was promoted by its chairman emeritus Mr. PNC Menon. The promoter group holds 52.77% of equity shares...
Key Metrics
EPS
5.04
Current ratio
1.08
Debt/Equity
4.09
Debt/EBITDA
25.82
Interest coverage ratio
1.30
Operating Cashflow to total debt
0.06
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Estimated strong growth in collections and cash flow from operations in FY2025 –
Recent right issue to support in debt reduction and strengthen liquidity
Established brand and market position
Liquidity position: Strong
Cons
Exposure to execution and market risks; moderate profitability for contracts division
Geographical concentration risks
Cyclicality inherent in real estate sector
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About Sobha Limited bond.
This comprehensive profile covers key factual information about Sobha Limited. Incorporated in August 1995, Sobha Limited (Sobha) is an established player in real estate development and contract construction in Bengaluru. Sobha was promoted by its chairman emeritus Mr. PNC Menon. The promoter group holds 52.77% of equity shares of the company as on July 11, 2024. Sobha, as of March 2024, has completed 206 real estate projects (191 completed as of March 2023) with an overall development of 77.10 msf of built-up area (70.34 msf as of March 2023) and it is executing 69 ongoing projects of 34.33 msf (30.6 msf as of March 2023) across 11 cities. Sobha has major presence in Bengaluru and also has diversified to other cities such as Gurgaon, Chennai, and others. EPS in Mar-2024 was 5.04. Current ratio in Mar-2024 was 1.08. Debt/Equity in Mar-2024 was 4.09. Debt/EBITDA in Mar-2024 was 25.82. Interest coverage ratio in Mar-2024 was 1.30. Operating Cashflow to total debt in Mar-2024 was 0.06. Total revenue for March-2024 was ₹3,217.89. Net income for March-2024 stood at ₹49.11. Total assets as of Mar-2024 were ₹13681.56. Operating cash flow for Mar-2024 was ₹647.44. The company’s borrowing relationships include Aditya Birla Finance Limited (₹N/A Cr), Aditya Birla Finance Limited (₹N/A Cr), DCB Bank (₹N/A Cr), ICICI Bank (₹N/A Cr), Kotak Mahindra Bank (₹N/A Cr), Kotak Mahindra Bank (₹N/A Cr), South Indian Bank (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), CSB Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bajaj Housing Finance Limited (₹N/A Cr), Bajaj Housing Finance Limited (₹N/A Cr), Bajaj Housing Finance Limited (₹N/A Cr), RBL Bank (₹N/A Cr), Bank of Baroda (₹N/A Cr), ICICI Bank (₹N/A Cr), ICICI Bank (₹N/A Cr), Union Bank of India (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Union Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), Bank of Baroda (₹N/A Cr). Peers and comparison entities consist of Sobha Limited, DLF Limited, Macrotech Developers Limited, Oberoi Realty Limited. As of Jan 2025, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Estimated strong growth in collections and cash flow from operations in FY2025 –; Recent right issue to support in debt reduction and strengthen liquidity ; Established brand and market position ; Liquidity position: Strong. Key risks include: Exposure to execution and market risks; moderate profitability for contracts division; Geographical concentration risks; Cyclicality inherent in real estate sector. Leadership team details include Anup S Shah (Independent Director), Bijan Kumar Dash (Company Secretary & Compliance Officer), Jagadish Nangineni (Managing Director), R V S Rao (Independent Director), Raman Mangalorkar (Independent Director), Ravi PNC Menon (Chairman), Srivathsala K N (Independent Director), Yogesh Bansal (Chief Financial Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.