Sobha Future Growth

Future criteria checks 5/6

Sobha is forecast to grow earnings and revenue by 71.2% and 20.1% per annum respectively. EPS is expected to grow by 71% per annum. Return on equity is forecast to be 17.8% in 3 years.

Key information

71.2%

Earnings growth rate

71.0%

EPS growth rate

Real Estate earnings growth	31.6%
Revenue growth rate	20.1%
Future return on equity	17.8%
Analyst coverage	Good
Last updated	08 Apr 2024

Recent future growth updates

Recent updates

Sobha Limited's (NSE:SOBHA) Share Price Boosted 26% But Its Business Prospects Need A Lift Too

Apr 13

We Think Sobha (NSE:SOBHA) Is Taking Some Risk With Its Debt

Mar 12

Improved Revenues Required Before Sobha Limited (NSE:SOBHA) Stock's 26% Jump Looks Justified

Jan 09

Boasting A 6.1% Return On Equity, Is Sobha Limited (NSE:SOBHA) A Top Quality Stock?

Jan 31

Our Take On Sobha's (NSE:SOBHA) CEO Salary

Jan 18

Is Sobha Limited (NSE:SOBHA) A Smart Choice For Dividend Investors?

Jan 04

If You Had Bought Sobha's (NSE:SOBHA) Shares Three Years Ago You Would Be Down 45%

Dec 21

Earnings and Revenue Growth Forecasts

NSEI:SOBHA - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2026	56,407	6,822	2,636	N/A	10
3/31/2025	47,523	4,343	2,150	N/A	13
3/31/2024	39,658	2,140	3,146	N/A	14
12/31/2023	35,440	907	N/A	N/A	N/A
9/30/2023	37,272	1,074	7,215	8,792	N/A
6/30/2023	36,534	1,117	N/A	N/A	N/A
3/31/2023	33,101	1,042	10,268	11,502	N/A
12/31/2022	29,801	135	N/A	N/A	N/A
9/30/2022	26,714	670	12,067	12,285	N/A
6/30/2022	28,002	1,198	N/A	N/A	N/A
3/31/2022	25,613	1,732	8,064	8,265	N/A
12/31/2021	25,530	1,097	4,345	4,969	N/A
9/30/2021	25,692	986	4,991	5,267	N/A
6/30/2021	22,721	665	N/A	N/A	N/A
3/31/2021	21,098	623	5,711	6,128	N/A
12/31/2020	24,665	953	N/A	N/A	N/A
9/30/2020	26,653	1,469	2,019	4,882	N/A
6/30/2020	29,272	1,977	N/A	N/A	N/A
3/31/2020	37,539	2,817	-73	2,944	N/A
12/31/2019	42,416	3,440	-2,440	-1,208	N/A
9/30/2019	41,463	3,406	-540	1,074	N/A
6/30/2019	40,211	3,350	N/A	N/A	N/A
3/31/2019	34,421	2,970	977	2,061	N/A
12/31/2018	28,139	2,493	1,860	2,592	N/A
9/30/2018	27,179	2,329	2,247	2,900	N/A
6/30/2018	27,058	2,218	2,711	3,329	N/A
3/31/2018	27,830	2,169	2,913	3,535	N/A
12/31/2017	25,917	1,985	3,203	3,514	N/A
9/30/2017	24,398	1,845	N/A	3,346	N/A
6/30/2017	23,339	1,726	N/A	N/A	N/A
3/31/2017	22,291	1,608	N/A	3,538	N/A
12/31/2016	21,212	1,565	N/A	3,732	N/A
9/30/2016	20,190	1,536	N/A	N/A	N/A
6/30/2016	19,776	1,540	N/A	N/A	N/A
3/31/2016	19,432	1,381	N/A	3,884	N/A
12/31/2015	18,187	1,786	N/A	-1,424	N/A
9/30/2015	21,041	2,066	N/A	N/A	N/A
6/30/2015	23,244	2,260	N/A	N/A	N/A
3/31/2015	24,406	2,380	N/A	-2,164	N/A
12/31/2014	25,610	2,468	N/A	N/A	N/A
9/30/2014	24,209	2,448	N/A	N/A	N/A
6/30/2014	22,895	2,419	N/A	N/A	N/A
3/31/2014	21,734	2,350	N/A	3,948	N/A
12/31/2013	21,336	2,343	N/A	N/A	N/A
9/30/2013	20,195	2,288	N/A	N/A	N/A
6/30/2013	18,935	2,223	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SOBHA's forecast earnings growth (71.2% per year) is above the savings rate (6.7%).

Earnings vs Market: SOBHA's earnings (71.2% per year) are forecast to grow faster than the Indian market (17.6% per year).

High Growth Earnings: SOBHA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SOBHA's revenue (20.1% per year) is forecast to grow faster than the Indian market (10% per year).

High Growth Revenue: SOBHA's revenue (20.1% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SOBHA's Return on Equity is forecast to be low in 3 years time (17.8%).

Sobha Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 51%

Price target increased by 11% to ₹1,305

Price target increased by 8.7% to ₹990

Price target increased by 7.5% to ₹809

Consensus EPS estimates fall by 19%

Consensus EPS estimates fall by 22%

Recent updates

Sobha Limited's (NSE:SOBHA) Share Price Boosted 26% But Its Business Prospects Need A Lift Too

We Think Sobha (NSE:SOBHA) Is Taking Some Risk With Its Debt

Consensus EPS estimates fall by 51%

Price target increased by 11% to ₹1,305

New minor risk - Earnings quality

Third quarter 2024 earnings released: EPS: ₹1.59 (vs ₹3.35 in 3Q 2023)

Sobha Limited to Report Q3, 2024 Results on Feb 07, 2024

Improved Revenues Required Before Sobha Limited (NSE:SOBHA) Stock's 26% Jump Looks Justified

Price target increased by 8.7% to ₹990

Does Sobha (NSE:SOBHA) Have A Healthy Balance Sheet?

Sobha Limited Announces Appointment of Bijan Kumar Dash as Company Secretary and Compliance Officer, Effective December 1, 2023

Price target increased by 7.5% to ₹809

Second quarter 2024 earnings released: EPS: ₹1.58 (vs ₹2.03 in 2Q 2023)

Sobha Limited to Report Q2, 2024 Results on Nov 06, 2023

Sobha Limited Announces Resignation of Vighneshwar G Bhat as Company Secretary and Compliance Officer Effective October 19, 2023

Investor sentiment improves as stock rises 16%

Sobha Limited Appoints Commodore Gopan TP as Head of the Administration

Sobha Limited to Report Q1, 2024 Results on Aug 07, 2023

Upcoming dividend of ₹3.00 per share at 0.5% yield

New minor risk - Earnings quality

Sobha (NSE:SOBHA) Has Affirmed Its Dividend Of ₹3.00

Full year 2023 earnings: EPS misses analyst expectations

Sobha (NSE:SOBHA) Is Paying Out A Dividend Of ₹3.00

Full year 2023 earnings: EPS misses analyst expectations

Sobha Limited, Annual General Meeting, Aug 08, 2023

Consensus EPS estimates fall by 19%

Sobha Limited to Report Q4, 2023 Results on May 29, 2023

Founder & Chairman Emeritus recently bought ₹17m worth of stock

Founder & Chairman Emeritus recently bought ₹11m worth of stock

Founder & Chairman Emeritus recently bought ₹8.5m worth of stock

Founder & Chairman Emeritus recently bought ₹24m worth of stock

Consensus EPS estimates fall by 22%

Third quarter 2023 earnings released: EPS: ₹3.35 (vs ₹3.45 in 3Q 2022)

Sobha Limited to Report Q3, 2023 Results on Feb 07, 2023

Founder & Chairman Emeritus recently bought ₹11m worth of stock

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Sobha Limited to Report Q2, 2023 Results on Nov 11, 2022

Is There Now An Opportunity In Sobha Limited (NSE:SOBHA)?

Now 21% undervalued

Now 22% undervalued

Sobha Limited to Report Q1, 2023 Results on Aug 09, 2022

Upcoming dividend of ₹3.00 per share

Sobha (NSE:SOBHA) Will Pay A Smaller Dividend Than Last Year

Full year 2022 earnings: EPS and revenues miss analyst expectations

Sobha Limited Proposes to Declare A Dividend on Equity Shares for the Financial Year Ended March 31, 2022

Investor sentiment improved over the past week

Should You Investigate Sobha Limited (NSE:SOBHA) At ₹499?

Estimating The Intrinsic Value Of Sobha Limited (NSE:SOBHA)

Price target decreased to ₹889

Full year 2022 earnings: EPS and revenues miss analyst expectations

Sobha Limited Recommends Dividend for the Financial Year Ended March 31, 2022

Sobha Limited to Report Q4, 2022 Results on May 20, 2022

Is Sobha (NSE:SOBHA) A Risky Investment?

Sobha Limited Announces Retirement of Seetharam Thettalil Parameswaran Pillai as Whole-Time Director

A Look At The Intrinsic Value Of Sobha Limited (NSE:SOBHA)

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Sobha Limited to Report Q3, 2022 Results on Feb 11, 2022

Is It Time To Consider Buying Sobha Limited (NSE:SOBHA)?

Vice Chairman & MD recently sold ₹31m worth of stock

Head of Administration recently sold ₹525k worth of stock

Second quarter 2022 earnings released: EPS ₹5.09

Price target increased to ₹737

Does Sobha (NSE:SOBHA) Have A Healthy Balance Sheet?

Price target increased to ₹679

Less than half of directors are independent

Vice Chairman & MD recently sold ₹22m worth of stock

At ₹612, Is It Time To Put Sobha Limited (NSE:SOBHA) On Your Watch List?

Price target increased to ₹605

Full year 2021 earnings released: EPS ₹6.57 (vs ₹29.70 in FY 2020)