In-Ra expects domestic workers like Sobha to see 49% of them soar in the FY22 market.


BENGALURU: Strategy and Research in India (In-Ra) has given Sobha Limited a long-term supplier to IND AA, with a clear signal.

This move is in line with the success of the real estate industry. Combined debt / net increase was 0.64x in FY20 compared to 0.04x in FY19.

“In-Ra expects to increase an average of 0.59x to FYE21 and up to 2.52x FYE22, in line with the decline in debt,” he said.

Before trading, Sobha shared (including collections from contracts and manufacturing companies) its share was 1.14x in FY20 (FY19: 1.35x). The FY21 rate may drop to 1.12x with sales declining due to the COVID-19 outbreak and a slow start.

In-Ra expects housing agencies like Sobha to see a 49% rise in the FY22 market. “Sobha’s plan to bring 10 million gallons of groundwater under 4QFY21- 3QFY22 could put the company in a better position to make a profit to the police,” the data department said.

Bangalore accounted for 74%of house prices and Gurugram, Chennai, Kochi, and GIFT City accounted for 6%, 5%, 4%and 3%, respectively, for FY20.

The company wants to spend R 3959 cr to complete the project which has already been announced and sold. Unexpected tickets from items already sold were 3104 cr. And I repeat, the company has 5566 cr of products not sold for this purpose. In addition, he has unpaid bills amounting to Rs 1191 cr.

The land had 424 hectares of land (part of Sobha) in FYE20. This land has provided a population of up to 205 million km. Km. Not buying more land to raise money from existing banks can be a good way to relocate companies, ”the report said.

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