Sobha Ltd
SOBHA NSE
Sobha Ltd
Consumer DiscretionaryNSE: SOBHA BSE: 532784 Realty
Key Fundamentals
SmallcapResidential Commercial ProjectsRealtyMarket Cap
₹14,473 Cr
Volatility
Moderate
P/E Ratio
62.08
EBITDA
₹504 Cr
Return on Equity
4.1%
Debt to Equity
0.22
Book Value
₹441.39
EPS
₹4.55
52W High
₹1,732
52W Low
₹1,130
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Sobha Ltd insights
54 extracted metrics + investor summaries across FY14–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
4- Company is expected to give good quarter
- Company has delivered good profit growth of 25.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 41.7%
- Company's working capital requirements have reduced from 52.6 days to 34.7 days
Weaknesses
3- Stock is trading at 3.03 times its book value
- Company has a low return on equity of 3.15% over last 3 years.
- Earnings include an other income of Rs.196 Cr.
Growth Rate
Revenue Growth
29.33% ↗
Net Income Growth
104.22% ↗
Cash Flow Change
115.02% ↗
ROE
97.12% ↗
ROCE
26.85% ↗
EBITDA Margin (Avg.)
-6.87% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoAI opinion · based on fundamentals
Risk high
Sobha Ltd is a mid-cap realty company with a market cap of Rs.14,723 Cr trading at a PE of 63x. The company has shown strong TTM sales growth of 32% and profit growth of 126%, but carries a low 3-year average ROE of 3% and derives a notable portion of earnings from other income of Rs.196 Cr.
Bull Case 8
- TTM revenue growth of 32% significantly outpaces the 10-year compounded sales CAGR of 10%, indicating accelerating top-line momentum
- TTM profit growth of 126% suggests strong operating leverage kicking in as scale builds up
- 5-year compounded profit CAGR of 25.4% demonstrates sustained earnings expansion over a meaningful period
- Working capital days have improved from 52.6 days to 34.7 days, reflecting better cash conversion and project execution efficiency
- Healthy dividend payout ratio of 41.7% signals management confidence in cash flow sustainability and shareholder-friendly capital allocation
- 5-year compounded sales CAGR of 20% indicates the company has been gaining market share in a competitive realty sector
- 3-year stock CAGR of 33% and 10-year CAGR of 16% show the market has historically rewarded the company's growth trajectory
- Company is expected to deliver a good upcoming quarter, suggesting near-term earnings visibility remains intact
Bear Case 8
- PE ratio of 63x is elevated for a real estate company, leaving limited margin of safety if growth decelerates
- 3-year average ROE of just 3% indicates poor capital efficiency despite revenue growth, suggesting thin margins or high capital employed
- Other income of Rs.196 Cr forms a material part of earnings, raising questions about the quality and sustainability of core operating profits
- Stock has declined 15% over the past 1 year even as broader markets remained firm, indicating sector or company-specific headwinds
- Price-to-book ratio of 3.08x is elevated given the low ROE of 3-4%, implying the market is pricing in significant future improvement that may not materialize
- 10-year compounded profit CAGR of only 3% reveals that the recent profit surge is not yet a proven long-term trend
- Dividend yield of 0.44% offers minimal income cushion for investors if capital appreciation stalls
- 5-year average ROE of 4% and 10-year average of 6% show structurally low return generation on equity capital over extended periods
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 1d ago Positives 2
- Q1 profit jumps 26.5% Jul 20
Sobha reported Q1FY27 net profit of ₹580.42 crore, up 26.5% YoY, with revenue rising 36.7% to ₹12,575.87 crore.
- ₹6 dividend, MD reappointed Jul 18
Sobha declared a ₹6 per share dividend for FY26 at its 31st AGM and shareholders approved re-appointment of the Managing Director.
Neutral 1
- Q1FY27 earnings call scheduled Jul 15
Sobha announced a conference call on July 21, 2026 to discuss Q1FY27 results, led by MD Jagadish Nangineni and CFO Yogesh Bansal.
TL;DR: Sobha delivered strong Q1FY27 results with 26.5% profit growth and 36.7% revenue expansion, signalling robust demand execution. The ₹6 dividend and management continuity reinforce shareholder confidence. No visible headwinds emerged in the recent news flow. If top-line momentum sustains, the stock could continue to re-rate, though real estate cyclicality remains an inherent watch factor.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 908 | 741 | 685 | 763 | 640 | 934 | 1,224 | 1,241 | 852 | 1,408 | 943 | 1,988 | 1,278 |
| Expenses | 843 | 666 | 611 | 701 | 584 | 856 | 1,157 | 1,147 | 828 | 1,312 | 905 | 1,836 | 1,201 |
| Operating Profit | 65 | 75 | 74 | 62 | 56 | 77 | 67 | 94 | 24 | 96 | 39 | 152 | 78 |
| OPM % | 7% | 10% | 11% | 8% | 9% | 8% | 5% | 8% | 2.8% | 7% | 4.1% | 8% | 6% |
| Other Income | 31 | 32 | 29 | 28 | 29 | 32 | 33 | 30 | 49 | 62 | 40 | 42 | 52 |
| Interest | 61 | 64 | 61 | 59 | 54 | 49 | 47 | 45 | 31 | 32 | 30 | 44 | 32 |
| Depreciation | 18 | 19 | 20 | 21 | 20 | 23 | 23 | 23 | 24 | 26 | 28 | 28 | 28 |
| PBT | 17 | 25 | 21 | 11 | 11 | 36 | 29 | 56 | 19 | 99 | 21 | 122 | 69 |
| Tax % | 30% | 39% | 29% | 36% | 45% | 28% | 26% | 27% | 27% | 27% | 25% | 25% | 26% |
| Net Profit | 12 | 15 | 15 | 7 | 6 | 26 | 22 | 41 | 14 | 73 | 15 | 92 | 51 |
| EPS in Rs | 1.13 | 1.4 | 1.41 | 0.66 | 0.57 | 2.44 | 2.03 | 3.82 | 1.27 | 6.78 | 1.44 | 8.59 | 4.76 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,441 | 1,943 | 2,229 | 2,783 | 3,442 | 3,754 | 2,110 | 2,561 | 3,310 | 3,097 | 4,039 | 5,190 | 5,617 |
| Expenses | 1,823 | 1,499 | 1,809 | 2,263 | 2,769 | 2,639 | 1,435 | 2,028 | 2,941 | 2,820 | 3,744 | 4,880 | 5,253 |
| Operating Profit | 617 | 444 | 420 | 520 | 673 | 1,115 | 675 | 533 | 370 | 277 | 294 | 310 | 364 |
| OPM % | 25% | 23% | 19% | 19% | 20% | 30% | 32% | 21% | 11% | 9% | 7% | 6% | 6% |
| Other Income | 15 | 36 | 52 | 50 | 73 | 72 | 81 | 84 | 92 | 121 | 124 | 193 | 196 |
| Interest | 188 | 164 | 150 | 198 | 236 | 682 | 601 | 308 | 249 | 246 | 196 | 137 | 139 |
| Depreciation | 72 | 60 | 64 | 54 | 62 | 72 | 79 | 72 | 68 | 78 | 90 | 106 | 111 |
| PBT | 372 | 257 | 258 | 317 | 448 | 433 | 75 | 237 | 145 | 74 | 133 | 260 | 310 |
| Tax % | 34% | 46% | 38% | 32% | 34% | 35% | 17% | 27% | 28% | 34% | 29% | 26% | — |
| Net Profit | 244 | 138 | 161 | 217 | 297 | 282 | 62 | 173 | 104 | 49 | 95 | 193 | 231 |
| EPS in Rs | 21.52 | 12.48 | 14.8 | 20.27 | 27.76 | 26.32 | 5.82 | 16.19 | 9.74 | 4.59 | 8.86 | 18.09 | 21.57 |
| Div. Payout % | 29% | 14% | 15% | 31% | 22% | 24% | 53% | 16% | 27% | 58% | 34% | 33% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 98 | 98 | 96 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 107 | 107 |
| Reserves | 2,334 | 2,467 | 2,548 | 2,675 | 2,134 | 2,336 | 2,333 | 2,328 | 2,400 | 2,419 | 4,454 | 4,613 |
| Borrowings | 2,059 | 2,180 | 2,222 | 2,331 | 2,604 | 3,131 | 3,052 | 2,529 | 2,027 | 1,940 | 1,183 | 1,057 |
| Other Liabilities | 1,666 | 3,317 | 4,027 | 3,924 | 5,907 | 5,448 | 5,729 | 6,578 | 8,054 | 9,228 | 11,461 | 13,721 |
| Total Liabilities | 6,157 | 8,062 | 8,893 | 9,025 | 10,740 | 11,010 | 11,208 | 11,530 | 12,576 | 13,682 | 17,205 | 19,499 |
| Fixed Assets | 315 | 373 | 595 | 610 | 678 | 919 | 903 | 852 | 899 | 946 | 981 | 1,076 |
| CWIP | 52 | 45 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 24 | 27 |
| Investments | 0 | 229 | 0 | 112 | 113 | 114 | 114 | 115 | 115 | 115 | 115 | 120 |
| Other Assets | 5,789 | 7,415 | 8,298 | 8,302 | 9,949 | 9,976 | 10,191 | 10,564 | 11,560 | 12,615 | 16,085 | 18,275 |
| Total Assets | 6,157 | 8,062 | 8,893 | 9,025 | 10,740 | 11,010 | 11,208 | 11,530 | 12,576 | 13,682 | 17,205 | 19,499 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -216 | 388 | 354 | 353 | 206 | 294 | 613 | 826 | 1,150 | 647 | 200 | 430 |
| Investing | -60 | -245 | 2 | -129 | -61 | -307 | -33 | 38 | -237 | -475 | -1,180 | -97 |
| Financing | 337 | -133 | -345 | -243 | -86 | -84 | -483 | -889 | -773 | -338 | 993 | -285 |
| Net Cash Flow | 61 | 11 | 10 | -18 | 58 | -97 | 96 | -25 | 140 | -166 | 13 | 48 |
| Free Cash Flow | -280 | 281 | 322 | 294 | 102 | -7 | 573 | 873 | 1,034 | 524 | 70 | 224 |
| CFO/OP | -21 | 101 | 100 | 84 | 44 | 36 | 95 | 165 | 330 | 262 | 122 | 213 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26 | 47 | 37 | 43 | 35 | 35 | 34 | 50 | 17 | 19 | 17 | 19 |
| Inventory Days | — | — | — | 5,289 | — | — | — | — | 10,072 | — | 10,343 | 5,650 |
| Days Payable | — | — | — | 788 | — | — | — | — | 688 | — | 519 | 365 |
| Cash Conversion Cycle | 26 | 47 | 37 | 4,544 | 35 | 35 | 34 | 50 | 9,401 | 19 | 9,841 | 5,305 |
| Working Capital Days | 279 | 665 | 344 | 261 | 68 | 101 | 155 | 154 | 67 | 19 | 104 | 35 |
| ROCE % | 14% | 9% | 8% | 10% | 14% | 21% | 12% | 10% | 8% | 7% | 6% | 7% |
Documents
2
Compliances-Reg.24(A)-Annual Secretarial Compliance
6 May - Sobha filed FY26 secretarial compliance report; most requirements complied, prior minor issues rectified. 6 May - Sobha filed FY26 secretarial compliance report; most requirements complied, prior minor issues rectified.
3
Announcement under Regulation 30 (LODR)-Change in Management
1d - SOBHA reports resignations of Chief Design Officer Geetha K. Nair and COO Shanthi V, effective May 4, 2026. 1d - SOBHA reports resignations of Chief Design Officer Geetha K. Nair and COO Shanthi V, effective May 4, 2026.
4
Sobha Limited Has informed About Statement Of Deviation(S) Or Variation(S) Under Reg. 32 Of SEBI LODR Regulations, 2015.
4 May - Sobha reported rights issue proceeds utilization for quarter ended March 31, 2026; Rs 1,777.74 crore used. 4 May - Sobha reported rights issue proceeds utilization for quarter ended March 31, 2026; Rs 1,777.74 crore used.
5
Advertisement In Newspapers About Financial Results For The Quarter & Financial Year Ended March 31, 2026.
5 May - Sobha published newspaper advertisement for audited standalone and consolidated FY2026 results on May 5, 2026. 5 May - Sobha published newspaper advertisement for audited standalone and consolidated FY2026 results on May 5, 2026.
Frequently Asked Questions about Sobha Ltd
What does Sobha Ltd do?
Sobha Limited, incorporated in 1995, is a real estate developer engaged in construction to operations of townships, housing projects, commercial premises, and other related activities.
The Co. is also engaged in manufacturing activities related to interiors, glazing and metal works, and concrete...
Where is Sobha Ltd (SOBHA) listed?
Sobha Ltd is listed on the Indian stock exchanges. It is listed on NSE: SOBHA and BSE: 532784. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Sobha Ltd belong to?
Sobha Ltd operates in the Consumer Discretionary sector within the Realty industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Sobha Ltd?
Sobha Ltd has a market capitalisation of approximately ₹14473.36 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Sobha Ltd?
The Price-to-Earnings (PE) ratio of Sobha Ltd is 62.08. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Sobha Ltd?
Over the past 52 weeks, Sobha Ltd has traded between a low of ₹1,130 and a high of ₹1,732. This range helps investors understand the stock's price volatility and recent trading levels.
Does Sobha Ltd pay dividends?
Yes, Sobha Ltd has a dividend yield of 0.44%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Sobha Ltd?
Sobha Ltd has a Return on Equity (ROE) of 4.10%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Sobha Ltd on Tapetide?
On Tapetide, you can view Sobha Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Sobha Limited, incorporated in 1995, is a real estate developer engaged in construction to operations of townships, housing projects, commercial premises, and other related activities. The Co. is also engaged in manufacturing activities related to interiors, glazing and metal works, and concrete products. [1]
Website sobha.com
CEO Mr. Jagadish Nangineni B.Tech Civil, PGDM
Employees 4,483
Listed 2006-12-20
Face Value ₹ 10
Issued Size 10,69,32,806