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Sobha Can Rally 37% Says Motilal Oswal On Strong Growth Prospects

Motilal Oswal remains confident in Sobha’s growth story, as its substantial land bank supports its projected growth.

<div class="paragraphs"><p>The recent fundraise through the rights issue has alleviated debt concerns, shifting the company’s focus to driving growth by accelerating business development in new geographies.</p><p>(Photo Source: Sobha official website)</p></div>
The recent fundraise through the rights issue has alleviated debt concerns, shifting the company’s focus to driving growth by accelerating business development in new geographies.

(Photo Source: Sobha official website)

Sobha ended FY25 with 6% lower presales YoY due to approval delays, but the company has a strong project pipeline, supported by its extensive land bank. Sobha is expected to post a 39% CAGR in presales over FY25-27E, further boosted by its entry into MMR. The recent fundraise through the rights issue has alleviated debt concerns, shifting the company’s focus to driving growth by accelerating business development in new geographies.
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