MarketFriction

Sobha Ltd

NSE SOBHA · BSE 532784 · Residential, Commercial Projects
₹1,213.10 -0.70%
NSE close2026-10-01
52 week range1,130.00 - 1,732.00
Market cap₹13,008 Cr.
P/E56.4
Nifty 500Smallcap 250Nifty Realty Price band 20% Delivery 39.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7416857636409341,2241,2418521,4089431,9881,278
Expenses6666117015848561,1571,1478281,3129051,8361,201
Operating Profit7574625677679424963915278
OPM %10%11%8%9%8%5%8%2.8%7%4.1%8%6%
Other Income322928293233304962404252
Interest646159544947453132304432
Depreciation192021202323232426282828
Profit before tax2521111136295619992112269
Tax %39%29%36%45%28%26%27%27%27%25%25%26%
Net Profit1515762622411473159251
EPS in Rs1.401.410.660.572.442.033.821.276.781.448.594.76
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,9432,2292,7833,4423,7542,1102,5613,3103,0974,0395,1905,617
Expenses1,4991,8092,2632,7692,6391,4352,0282,9412,8203,7444,8805,253
Operating Profit4444205206731,115675533370277294310364
OPM %23%19%19%20%30%32%21%11%9%7%6%6%
Other Income3652507372818492121124193196
Interest164150198236682601308249246196137139
Depreciation60645462727972687890106111
Profit before tax2572583174484337523714574133260310
Tax %46%38%32%34%35%17%27%28%34%29%26%
Net Profit138161217297282621731044995193231
EPS in Rs12.4814.8020.2727.7626.325.8216.199.744.598.8618.0921.57
Dividend Payout %14%15%31%22%24%53%16%27%58%34%33%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth10%20%16%32%
Compounded Profit Growth3%25%23%126%
Stock Price CAGR16%10%21%-21%
Return on Equity6%4%3%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital98989695959595959595107107
Reserves2,3342,4672,5482,6752,1342,3362,3332,3282,4002,4194,4544,613
Borrowings2,0592,1802,2222,3312,6043,1313,0522,5292,0271,9401,1831,057
Other Liabilities1,6663,3174,0273,9245,9075,4485,7296,5788,0549,22811,46113,721
Total Liabilities6,1578,0628,8939,02510,74011,01011,20811,53012,57613,68217,20519,499
Fixed Assets3153735956106789199038528999469811,076
CWIP5245100000252427
Investments02290112113114114115115115115120
Other Assets5,7897,4158,2988,3029,9499,97610,19110,56411,56012,61516,08518,275
Total Assets6,1578,0628,8939,02510,74011,01011,20811,53012,57613,68217,20519,499
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-2163883543532062946138261,150647200430
Cash from Investing Activity-60-2452-129-61-307-3338-237-475-1,180-97
Cash from Financing Activity337-133-345-243-86-84-483-889-773-338993-285
Net Cash Flow611110-1858-9796-25140-1661348
Free Cash Flow-280281322294102-75738731,03452470224
CFO/OP-21%101%100%84%44%36%95%165%330%262%122%213%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days264737433535345017191719
Inventory Days5,28910,07210,3435,650
Days Payable788688519365
Cash Conversion Cycle2647374,544353534509,401199,8415,305
Working Capital Days27966534426168101155154671910435
ROCE %14%9%8%10%14%21%12%10%8%7%6%7%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters52.28%52.28%52.28%52.28%52.78%52.78%52.88%52.88%52.88%52.88%52.88%52.88%
FIIs11.22%11.13%11.87%11.48%10.93%10.03%8.91%8.09%6.41%6.26%6.23%6.12%
DIIs14.95%17.23%17.55%18.60%23.44%24.16%23.98%24.62%26.04%25.78%26.10%25.99%
Public21.54%19.36%18.28%17.65%12.87%13.04%14.23%14.40%14.68%15.09%14.78%15.00%
No. of Shareholders1,02,77387,9811,00,2951,04,9941,11,6761,17,1931,26,9311,25,5481,25,8131,26,2551,24,1101,22,305

Fundamentals

Market Cap₹ 13,008 Cr.
Current Price₹ 1,216
Stock P/E56.4
Book Value₹ 441
ROCE6.86 %
ROE4.16 %
Dividend Yield0.49 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)32%
Compounded Profit Growth (TTM)126%
Consolidated figures.
Valuation
Market capRs 12,973 Cr
Enterprise valueRs 12,527 Cr
P/E (TTM)56.25x
Price to book2.75x
Price to sales2.31x
EV / EBITDA22.39x
EV / EBIT27.91x
EV / sales2.23x
Price to cash flow30.18x
Earnings yield1.78%
Dividend yield0.49%
P/E, 3-year average158.78x
P/B, 3-year average3.63x
P/E, 5-year average110.44x
P/B, 5-year average3.03x
Profitability
Operating margin (excl. other income)5.97%
Operating margin (incl. other income)9.70%
EBITDA margin9.96%
Pre-tax margin5.53%
Net profit margin4.11%
Net margin, latest quarter3.98%
ROE4.17%
ROCE6.90%
ROA1.05%
ROE, 3-year average2.94%
ROCE, 3-year average6.82%
ROA, 3-year average0.68%
ROE, 5-year average4.04%
ROCE, 5-year average7.85%
ROA, 5-year average0.89%
ROIC (approx.)7.82%
Tax rate25.57%
Other income / net worth4.09%
Growth
Sales growth (latest year)28.52%
Profit growth (latest year)104.26%
Sales CAGR, 3 years16.18%
Sales CAGR, 5 years19.73%
Profit CAGR, 3 years22.89%
Profit CAGR, 5 years25.44%
Sales growth QoQ-35.70%
Profit growth QoQ-44.63%
Sales growth YoY (latest quarter)50.03%
Profit growth YoY (latest quarter)273.35%
Per share
EPS (TTM)Rs 21.57
EPS (latest year)Rs 18.09
EPS (latest quarter)Rs 4.75
EPS, 3-year averageRs 10.71
EPS, 5-year averageRs 12.27
Book value per shareRs 441.35
Sales per shareRs 525.20
Cash flow per shareRs 40.20
Free cash flow per shareRs 20.95
Dividend per share (latest year)Rs 6.00
Dividend per share, 3-year averageRs 4.00
Dividend per share, 5-year averageRs 3.60
Dividends
Dividend payout33.17%
Dividend payout, 3-year average41.67%
Dividend payout, 5-year average33.75%
Efficiency
Asset turnover0.27x
Fixed asset turnover4.82x
Inventory turnover0.28x
Inventory days1291 days
Debtor days19 days
Debtors turnover18.75x
Creditor days365 days
Cash conversion cycle5305 days
Working capital days35 days
Leverage
Total debtRs 1,057 Cr
Cash and bankRs 1,504 Cr
Net debtRs -446 Cr
Debt to equity0.22x
Net debt / EBITDA-0.80x
Interest coverage3.24x
Current ratio (filing 2026-03-31)1.14x
Quick ratio (filing 2026-03-31)0.24x
Trade payables (filing 2026-03-31)Rs 828 Cr
Owners' fund to total sources24.21%
Debt to assets5.42%
Cash flow
Cash from Operating Activity (latest year)Rs 430 Cr
Cash from Investing Activity (latest year)Rs -97 Cr
Cash from Financing Activity (latest year)Rs -285 Cr
Net Cash Flow (latest year)Rs 48 Cr
Free cash flow (latest year)Rs 224 Cr
FCFE (approx.: FCF + change in debt)Rs 98 Cr
Cash from ops / profit, 5 years5.30x
Sales to cash flow12.07x
Statement figures
Net sales (TTM)Rs 5,617 Cr
Net sales (latest year)Rs 5,190 Cr
Sales (latest quarter)Rs 1,278 Cr
Operating profit excl. other income (latest year)Rs 310 Cr
Operating profit (latest quarter)Rs 78 Cr
Other income (TTM)Rs 196 Cr
EBITDA (TTM)Rs 560 Cr
PBDT (TTM)Rs 421 Cr
Profit before tax (TTM)Rs 310 Cr
Tax (latest year)Rs 66 Cr
Net profit (TTM)Rs 231 Cr
Net profit (latest year)Rs 193 Cr
Net profit (latest quarter)Rs 51 Cr
Depreciation (TTM)Rs 111 Cr
Depreciation (latest quarter)Rs 28 Cr
Interest (TTM)Rs 139 Cr
Cost of goods sold (latest year)Rs 3,627 Cr
Total expenditure (latest year)Rs 4,880 Cr
Total income (latest year)Rs 5,384 Cr
Share capitalRs 107 Cr
ReservesRs 4,613 Cr
Shareholders' fundsRs 4,720 Cr
Total assetsRs 19,499 Cr
Net blockRs 1,076 Cr
Capital work in progressRs 27 Cr
InvestmentsRs 120 Cr
ReceivablesRs 277 Cr
InventoryRs 12,826 Cr
Other liabilitiesRs 13,721 Cr
Shares outstanding (crore)10.69
Ownership
Promoter holding52.88% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 56.2 is at the 55th percentile of its own 9.2-year range (median 39.9, low 4.8, high 392.0).
P/B 2.75 is at the 55th percentile (median 2.62).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSOBHANifty 50Difference
1 week-1.2%-2.8% +1.6 pts
1 month-2.6%-6.8% +4.2 pts
3 months-15.9%-7.6% -8.3 pts
6 months+2.2%+0.4% +1.8 pts
1 year-22.2%-9.9% -12.3 pts
2 years-40.7%-13.6% -27.1 pts
3 years+71.9%+14.2% +57.7 pts
5 years+55.8%+27.9% +27.9 pts
86 mutual fund schemes hold about ₹3,531 Cr. Over three months 34 bought more and 14 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bandhan Small Cap Fund2.40%821 -6%
Franklin India Focused Equity Fund2.73%314 +4%
Franklin India Small Cap Fund1.29%190 +5%
ICICI Pru Multi Cap Fund0.89%174 +1%
ICICI Pru Multi Cap Fund0.89%168 +1%
HSBC Small Cap Fund0.83%158 +33%
Canara Rob Small Cap Fund0.95%139 +3%
HSBC Value Fund0.87%133 +4%
Mirae Asset Focused Fund1.91%129 +6%
Mirae Asset Focused Fund1.91%127 +6%
Aditya Birla SL Flexi Cap Fund0.42%122 -0%
Mirae Asset Large Cap Fund0.22%85 +9%
Bandhan Large & Mid Cap Fund0.40%85 -3%
Aditya Birla SL Large Cap Fund0.25%75 +6%
Franklin Build India Fund2.18%69 +12%
Aditya Birla SL Value Fund0.87%60 -3%
Invesco India Large & Mid Cap Fund0.50%59 -2%
Bandhan Value Fund0.59%58 +1%
ICICI Pru Housing Opp Fund1.97%54 +8%
Tata Flexi Cap Fund1.21%44 +14%
Bajaj Finserv Small Cap Fund1.30%34 -8%
Bandhan ELSS-Tax Saver Fund0.49%34 +7%
Aditya Birla SL Small Cap Fund0.53%33 -54%
Mirae Asset Small Cap Fund0.54%31 -8%
ICICI Pru Retirement Fund-Pure Equity Plan1.19%26 +2%

Red flags

F-score 7 of 8
lookProfit leans on other income Other income was 74% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,278 Cr +50.0% vs Jun 2025. Net profit ₹51 Cr +264.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-10Dividend - Rs 6 Per Share
2025-07-11Dividend - Rs 3 Per Share
2024-07-26Dividend - Rs 3 Per Share
2024-06-19Rights 6:47 @ Premium Rs 1641/-
2023-07-28Dividend - Rs 3 Per Share
2022-07-28Dividend - Rs 3 Per Share
2021-07-29 Dividend - Rs 3.50 Per Share
2020-07-23 Annual General Meeting/Dividend - Rs 7 Per Share
2019-07-24 Dividend - Rs 7 Per Share
2018-07-25 Annual General Meeting/Dividend- Rs 7 Per Share
2017-08-24 Buyback
2017-07-20 Dividend - Rs 2.50 Per Share
2016-07-21 Dividend -Rs 2/- Per Share
2016-06-03 Buy Back Of Shares
2015-07-02Annual General Meeting/ Dividend - Rs 7/- Per Share
2014-07-03Annual General Meeting / Dividend - Rs 7/- Per Share
2013-06-27Dividend Rs 7 Per Equity Share
2012-06-21Annual General Meeting And Dividend - Rs.5/- Per Shar
2011-06-23Dividend-Rs.3/- Per Share
2010-06-03Dividend-Rs.2.50 Pr Share
2009-06-11Agm/Div-Re.1/- Per Share
2008-07-16Agm/Dividend - 65%
2007-08-02Agm/Dividend-55%
DateTypeWhat it says
2026-10-02General UpdatesSobha Limited has informed the exchange about Operational Update Q2 FY 2027.
2026-07-27Concall / analyst meetSobha Limited has informed the Stock Exchange about the Transcript of Conference Call held on July 21, 2026.
2026-07-21Concall / analyst meetThe link of Audio Recording of Conference Call held on July 21, 2026.
2026-07-20Press ReleasePress Release titled Operational and Financial Performance for Q1 FY 2027.
2026-07-20General UpdatesSobha Limited has informed the exchange about Investor Presentation Q1 FY 2027.
2026-07-20Monitoring Agency ReportThe Monitoring Agency Report related to Rights Issue for the quarter ended June 30, 2026.
2026-07-20Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-07-20Board meeting outcomeApproval of issuance of Non-convertible Debentures.
2026-07-20Board meeting outcomeOutcome of Board meeting held on July 20, 2026.
2026-07-18Shareholder meetingSobha Limited has informed the Stock Exchange about the Scrutinizers Report and E-voting Results for the Annual General Meeting held on July 18, 2026.
2026-07-18Shareholder meetingSobha Limited has informed the Stock Exchange regarding Proceedings of the 31st Annual General Meeting held on July 18, 2026.
2026-07-15Concall / analyst meetSchedule of Conference Call Q1 FY 2026-27 to be held on July 21, 2026.
2026-07-03General UpdatesSobha limited has informed the exchange about Operational Update Q1 FY 2027.
2026-06-26Record DateRecord date for final Dividend as July 10, 2026
2026-06-26Shareholder meetingNotice of 31st Annual General Meeting of Sobha Limited schedueld to be held on Saturday the 18th day of July, 2026 at 09:00 A.M.(IST).
2026-05-26Disclosure under SEBI TakeovSobha Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acq...
2026-05-09Concall / analyst meetThe Transcript of Conference Call held on May 05, 2026.
2026-05-05Concall / analyst meetThe link of Audio Recording of Conference Call held on May 05, 2026.
2026-05-04ResignationResignation of Director/KMP/SMP
2026-05-04Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-05-04Change in ManagementChange in Senior Management Personnel.
2026-05-04Monitoring Agency ReportThe Monitoring Agency Report related to Rights Issue for the quarter ended March 31, 2026.
2026-05-04Press ReleasePress Release titled Operational and Financial Performance Q4 FY 2025-26.
2026-05-04General UpdatesSobha Limited has informed the exchange about the Investor Presentation Q4 FY 2025-26.
2026-05-04AppointmentAppointment of Mr. Jagadish Nangineni as Managing Director of the company w.e.f. April 01, 2027.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-12-18CESTATSOBHA LIMITED ---VS.--- ALWAR
2019-11-11CESTATSOBHA LIMITED ---VS.--- ALWAR
2019-10-01CESTATSOBHA LIMITED ---VS.--- ALWAR
2019-09-18NCLATSobha Renaissance Information Technology Pvt Ltd (SRIT). VS Trivium Systems Inc. Rep. By their Indian Subsidiary Trivium India software Pvt.
2019-09-12NCLATSobha Renaissance Information Technology Pvt Ltd (SRIT). VS Trivium Systems Inc. Rep. By their Indian Subsidiary Trivium India software Pvt.
2017-12-04NCLATSobha Limited VS Pancard Clubs Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Sobha Ltd?

Sobha Ltd (SOBHA) has a market capitalisation of Rs 13,008 Cr. at the 2026-10-01 close.

What is the P/E ratio of Sobha Ltd?

Sobha Ltd trades at a P/E of 56.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Sobha Ltd's latest quarterly results?

In the Jun 2026 quarter, Sobha Ltd sales was Rs 1,278 Cr (+50.0% vs Jun 2025) and net profit was Rs 51 Cr.

What is the 52-week high and low of Sobha Ltd?

The 52-week high is Rs 1,732.00 and the 52-week low is Rs 1,130.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03