Sobha shares flat as Nifty gains 80 points

Shares of Sobha traded 0.36 per cent up in Friday 's trade at 10:54 am. Around 66843 shares changed hands on the counter. The stock opened at Rs 185.6 and touched an intraday high and low of Rs 188.95 and Rs 175.55 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 588.0 and a 52-week low of Rs 172.0 .

The company approved issuance of secured redeemable non-convertible debentures upto an amount of Rs 270 crore via private placement.


Financials
Sobha Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 1705.33 Crore) operating in Real Estate sector.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 883.20 Crore, up 12.67 % from last quarter Sales of Rs 783.90 Crore and up 12.10 % from last year same quarter Sales of Rs 787.90 Crore Company has reported net profit after tax of Rs 73.20 Crore in latest quarter.

Sobha Ltd. key Products/Revenue Segments include Property Development which contributed Rs 2138.29 Crore to Sales Value (62.90 % of Total Sales), Sale of services which contributed Rs 862.11 Crore to Sales Value (25.36 % of Total Sales), Income From Glazing which contributed Rs 157.46 Crore to Sales Value (4.63 % of Total Sales), Income From Interiors which contributed Rs 142.85 Crore to Sales Value (4.20 % of Total Sales), Concrete Blocks which contributed Rs 43.37 Crore to Sales Value (1.27 % of Total Sales), Income From Financial Services which contributed Rs 41.48 Crore to Sales Value (1.22 % of Total Sales), Land Development Rights which contributed Rs 9.86 Crore to Sales Value (0.29 % of Total Sales), Scrap which contributed Rs 4.82 Crore to Sales Value (0.14 % of Total Sales)for the year ending 31-Mar-2019.

Promoters holding
Promoters held 51.753155 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 883.2 crore and net profit of Rs 73.2 crore.

Valuation ratio
It quoted a price-to-earnings ratio of 4.98 and price to book value of 0.77.