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Sobha Ltd

₹ 1,529-1.25%
07 Jan – close price
🔗sobha.com•BSE: 532784•NSE: SOBHA
Market Cap₹ 16,353 Cr.
Current Price₹ 1,529
High / Low₹ 1,732
Stock P/E72.0
Book Value₹ 424
Dividend Yield0.20 %
ROCE6.98 %
ROE3.31 %
Face Value₹ 10.0
Sales₹ 4,924 Cr.
OPM7.22 %
Mar Cap₹ 16,353 Cr.

ABOUT

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]

KEY POINTS

Business Segments H1FY25A) Real Estate (81%): Development of residential and commercial properties under the SOBHA brand name with a significant focus on Luxury Projects.B) Contractual and Manufacturing (19%): EPC contracts catering to external institutional clients. In Manufacturing it deals with Construction sector-related production capabilities like Concrete, Glazing, Interiors, etc., supporting in-house projects and servicing external clients.[1][2]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsLarge Order ReceiptsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.DLF703.2545.12174137.940.851180.09-27.081643.04-16.816.519016.0322.473859.741007.104.057.300.04
2.Lodha Developers1110.9033.34110990.740.38789.8086.503798.5044.6715.6215597.5029.613329.50788.705.215.700.45
3.Prestige Estates1619.5091.0869720.910.11457.40123.882431.705.527.667921.9036.60765.50430.304.411.150.92
4.Phoenix Mills1942.6064.9369468.830.13384.0939.381115.4321.5110.754059.8957.731069.86303.996.446.110.46
5.Godrej Propert.2138.2041.5964455.440.00402.9920.84740.38-32.286.574265.55-18.341549.83405.083.522.670.89
6.Oberoi Realty1708.7027.8162098.130.47760.2628.981779.0434.7917.735327.8156.592233.06760.263.7110.230.18
7.Brigade Enterpr.886.9027.2721688.210.28170.2836.581383.3729.0313.345588.8426.50795.44162.503.353.390.83
8.Sobha1529.1071.9616352.680.20103.77305.351483.3762.626.984924.117.22227.25103.773.600.750.23
–Median: 96 Co.166.4133.7858.240.04.27.344.199.847.61164.1316.911.183.32.992.390.44

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
8916951,2478896339191,2197641,2746477449121,483
Expenses
7986231,1778345818611,1137081,1765666758411,355
Operating Profit
9372705552591065699816871128
Other Income
28313634325533313322353569
Profit before tax
42243812136263967252336140
Tax %
13%27%27%34%30%26%30%34%26%45%35%29%26%
Net Profit
371828894644650141526104
EPS in Rs
3.421.662.570.750.844.294.110.564.681.281.382.399.70

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
2,1132,3821,9072,1752,5973,3593,7562,0972,5473,3283,0924,0674,924
Expenses
1,6131,8811,4951,7772,1182,7142,6491,4652,0362,9882,8403,7744,568
Operating Profit
5005014123974796441,107632511340252292356
Other Income
16193135487575948898131136193
Interest
137152153148195229673576299242240188149
Depreciation
66695960505867766864748693
Profit before tax
3142992312252824324417523113268154307
Net Profit
207199125140194287289661699547112227
EPS in Rs
18.6718.0011.2812.9118.1326.7827.056.1315.818.914.3510.5021.24
Dividend Payout %
33%34%16%17%34%23%23%51%17%30%61%29%–

Compounded Profit Growth

10 Years:-6%
5 Years:-17%
3 Years:-8%
TTM:289%

Compounded Sales Growth

10 Years:5%
5 Years:2%
3 Years:17%
TTM:64%

Return on Equity

10 Years:6%
5 Years:4%
3 Years:3%
Last Year:3%

Stock Price CAGR

10 Years:18%
5 Years:27%
3 Years:39%
1 Year:1%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
9898989695959595959595107107
Reserves
2,1452,2482,3572,4182,5221,9832,1922,1922,1832,2462,2634,3154,429
Borrowings
1,1341,8542,1512,1822,2582,5363,0152,9422,4561,9631,8851,1391,023
Other Liabilities
1,8431,6683,3474,0423,9475,9345,2405,5256,3787,8288,94410,98612,360
Total Liabilities
5,2205,8687,9548,7398,82210,54710,54310,75411,11312,13213,18716,54617,919
Fixed Assets
325307372396414473529529474527577639686
Gross Block
571.21623.42416.49487.38552.93666.47787.81860.59879.51997.821,113.731,259.59–
Accumulated Depreciation
246.40316.2544.1791.28139.19193.22258.46331.98405.14470.73536.82620.16–
CWIP
4152451000002500
Investments
232249357391396416367398440452468448464
Other Assets
4,6225,2607,1797,9518,0129,6589,6469,82810,19911,15112,13715,45916,769
Total Assets
5,2205,8687,9548,7398,82210,54710,54310,75411,11312,13213,18716,54617,919

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
313-338192352268231826418031,173684178
Cash from Investing Activity
-90-53-180-52-8-70-85-92-6-276-528-1,181
Cash from Financing Activity
-219440-0-316-272-81-98-452-820-759-3231,010
Net Cash Flow
44911-15-1380-10198-23138-1688

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
432947334134343450232320
Inventory Days
––––6,724––––7,206–7,724
Days Payable
––––1,006––––518–412
Cash Conversion Cycle
432947335,759343434506,712237,333
Working Capital Days
220233344291250439213713447-0101
ROCE %
14%12%9%8%10%14%22%12%10%8%7%7%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
51.99%52.26%52.28%52.28%52.28%52.28%52.28%52.78%52.78%52.88%52.88%52.88%
FIIs
15.06%13.76%12.74%11.22%11.13%11.87%11.48%10.93%10.03%8.91%8.09%6.41%
DIIs
13.75%13.62%12.21%14.95%17.23%17.55%18.60%23.44%24.16%23.98%24.62%26.04%
Public
19.20%20.35%22.76%21.54%19.36%18.28%17.65%12.87%13.04%14.23%14.40%14.68%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Sobha Limited Announces Trading Window Closure for Financial Results

30th March 2026, 9:17 pm

Sobha Management Meets Investor; Nuvama Meeting Cancelled

11th March 2026, 10:14 pm

Sobha Limited Announces Investor Meetings for March 11-12, 2026

6th March 2026, 10:59 pm

Sobha Limited Informs of Newspaper Publication for Physical Share Dematerialization Window

3rd March 2026, 9:33 pm

Sobha Limited Cancels Investor Meeting Due to Unavoidable Circumstances

26th February 2026, 8:20 pm

Published by Other Websites

External media mentions & references

Realty Stocks Plunge on Geopolitical Fears, Valuation Woes

23rd March 2026, 2:05 pm

Real Estate Stocks Plunge 4% on US-Iran War Supply Chain Fears

19th March 2026, 12:22 pm

Nifty Realty Plunges to 2-Year Low; Analysts Eye 3 Stocks for Bounceback

17th March 2026, 2:36 pm

India Realty Index Hits 52-Week Low on Inflation Fears, Long-Term Strength Seen

16th March 2026, 12:25 pm

Crude Shock: Real Estate Stocks Tumble Amid Inflation Fears

6th March 2026, 2:06 pm

News Articles

Editorial & research coverage

Budget Day Sparks India Market Focus Amidst Sector Bets
Budget Day Sparks India Market Focus Amidst Sector Bets

1st February 2026, 6:53 am

Realty Stocks Plunge to 52-Week Lows on Disappointing Q3 Sales
Realty Stocks Plunge to 52-Week Lows on Disappointing Q3 Sales

20th January 2026, 11:38 am

Sobha Tumbles 4% Post Q3 Results, Analysts Firmly Bullish Long-Term
Sobha Tumbles 4% Post Q3 Results, Analysts Firmly Bullish Long-Term

19th January 2026, 11:54 am

RIL, Banks Report Q3 Amid Global Turmoil, Gold Hits Record High
RIL, Banks Report Q3 Amid Global Turmoil, Gold Hits Record High

19th January 2026, 7:52 am

RIL, Banks Post Q3 Results; Tech Stocks Show Mixed Fortunes
RIL, Banks Post Q3 Results; Tech Stocks Show Mixed Fortunes

19th January 2026, 7:09 am

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

1d - Sobha Limited has informed about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Sobha Limited Has informed About Operational Update Q3 FY 2025-26.

3 Jan - Q3 FY26 record sales ₹21.15bn; 9M sales ₹60.97bn; launched Mumbai project SOBHA Inizio.

Announcement under Regulation 30 (LODR)-Credit Rating

30 Dec - ICRA reaffirmed [ICRA]AA- (Stable) for Rs3,387.90 crore facilities on Dec 30, 2025.

Closure of Trading Window

29 Dec - Trading window closed Jan 01, 2026 until 48 hours after Q3 (Dec 31, 2025) unaudited results.

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

22 Oct 2025 - Sobha Limited has informed about transcript of Conference call held on October 18, 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from nse)

Credit Ratings

Rating update

31 Dec from icra

Rating update

22 May 2024 from fitch

Rating update

31 Jan 2024 from fitch

Rating update

27 Jun 2023 from icra

Rating update

1 Mar 2023 from fitch

Rating update

24 Feb 2023 from fitch

Concalls

Oct 2025

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Aug 2023

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Jun 2021

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Nov 2020

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Nov 2019

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Nov 2018

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Aug 2017

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Stock Analysis

Description

  1. Sobha Limited is a real estate developer engaged in construction and operations of townships, housing projects, commercial premises, and related activities. The company also manufactures interiors and concrete products.

Key Growth Triggers

  1. Strong Q3 FY26 operational performance, marked by record sales value and the highest-ever 9-month sales value.
  2. Expansion into new markets, including Mumbai with the launch of SOBHA Inizio, its 13th city.
  3. Continued strong sales momentum in key markets like Bangalore and NCR.
  4. Positive outlook discussed regarding future launches and the benefits of the backward integration model.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Previous financial reports noted ongoing legal and tax matters, though no material adverse impact was anticipated.

Key Dates To Watch

  1. January 17, 2026: Conference call held to discuss Q3 FY26 operational and financial performance.

Corporate Announcements

30th Mar 26
Impact Rating: 8
Sobha Limited has informed exchanges about its trading window closure starting April 1, 2026. This restriction will remain active until 48 hours after the company declares its audited financial results for the quarter and year ended March 31, 2026.
11th Mar 26
Impact Rating: 3
Sobha Limited disclosed that its management participated in an investor meeting on March 11, 2026, without sharing sensitive information. A separate meeting with Nuvama Wealth Management, scheduled for March 12, 2026, was cancelled due to unavoidable circumstances.
6th Mar 26
Impact Rating: 5
Sobha Limited has scheduled one-on-one physical meetings with analysts and institutional investors for March 11 and March 12, 2026, organized by HSBC Bank and Nuvama Wealth Management respectively.
3rd Mar 26
Impact Rating: -
No description available.
26th Feb 26
Impact Rating: 2
Sobha Limited informed exchanges about the cancellation of its investor and analyst meeting, originally set for February 26, 2026, with Nuvama Wealth Management. The meeting was called off due to unavoidable circumstances.