Sobha Limited
NSE: SOBHA · Residential, Commercial Projects · sector
₹1,145.20NSE close 2026-10-26
Key numbers
Market cap₹12,247 cr
Price₹1,145.20
52w high / low₹1,732 / ₹1,112
P/E64.1xSector median 18.7x
P/B2.6xSector median 1.4x
Book value₹442.8
Dividend yield0.26%Sector median 0.54%
ROE4.1%Sector median 5.5%
ROCE6.5%Sector median 6.5%
OPM6.5%Sector median 12.1%
Debt / equity0.32xSector median 0.36x
EV/EBITDA35.5xSector median 17.7x
Interest cover2.8x
Current ratio1.14x
Sales growth 3y+16.2%Sector median +16.6%
Profit growth 3y+22.9%Sector median +28.0%
PEG3.54x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,504 cr vs borrowings ₹1,002 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹2,004 cr → ₹1,002 cr).
- Operating profit covered interest 2.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 96% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,145.20 on 2026-10-26: -33.9% from the 52-week high, +3.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹2,044.90 · low ₹1,108.85
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,224 | 1,241 | 852 | 1,408 | 943 | 1,988 | 1,278 | 967 |
| EBITDA | 67 | 94 | 24 | 96 | 39 | 152 | 78 | 69 |
| OPM % | 5.5% | 7.6% | 2.8% | 6.8% | 4.1% | 7.7% | 6.1% | 7.1% |
| Other income | 33 | 30 | 49 | 62 | 40 | 42 | 52 | 50 |
| Net profit | 22 | 41 | 14 | 73 | 15 | 92 | 51 | 33 |
| EPS (₹) | 2.15 | 3.83 | 1.27 | 6.78 | 1.44 | 8.59 | 4.75 | 3.08 |
| Revenue YoY | -23.0% | +60.2% | +50.0% | -31.3% | ||||
| Profit YoY | -28.8% | +124.7% | +273.3% | -54.6% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,731 | 3,310 | 3,097 | 4,039 | 5,190 | 5,176 |
| EBITDA | 889 | 369 | 277 | 294 | 310 | 337 |
| Net profit | 117 | 104 | 49 | 95 | 193 | 191 |
| EPS (₹) | 12.32 | 10.99 | 5.18 | 9.28 | 18.09 | 17.86 |
| Revenue growth | +21.2% | -6.4% | +30.4% | +28.5% | +9.6% | |
| Profit growth | -10.8% | -52.9% | +92.8% | +104.3% | +28.5% | |
| Dividend / share (₹) | 3.50 | 3.00 | 3.00 | 3.00 | 3.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +16.2% | +19.7% | +9.6% |
| Net profit | +22.9% | +25.4% | +28.5% |
| EPS | +18.1% | +22.5% | – |
| Share price | – | -15.8% (2y) | -21.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,495 | 2,514 | 4,561 | 4,720 |
| Borrowings | – | 2,004 | 1,914 | 1,131 | 1,002 |
| Cash & equivalents | – | 451 | 673 | 1,809 | 1,504 |
| Total assets | – | 12,576 | 13,696 | 17,221 | 19,518 |
| Fixed assets | – | 413 | 465 | 515 | 621 |
| Capital work in progress | – | 0 | 0 | – | 0 |
| Investments | – | 115 | 0 | 0 | 0 |
| Receivables | – | 158 | 165 | 186 | 277 |
| Inventory | – | 8,761 | 9,376 | 11,252 | 12,826 |
| Payables | – | 599 | 617 | 565 | 828 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 821 | 1,150 | 647 | 200 | 430 |
| Cash from investing | 38 | -237 | -475 | -1,180 | -97 |
| Cash from financing | -884 | -773 | -338 | 993 | -285 |
| Capex | 20 | 123 | 125 | 131 | 208 |
| Free cash flow | 801 | 1,027 | 523 | 69 | 221 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.2% | 2.0% | 2.1% | 4.1% |
| ROCE % | – | 8.8% | 7.2% | 5.8% | 6.9% |
| Debtor days | – | 17 | 19 | 17 | 19 |
| Inventory days | – | 14,522 | 4,514 | 1,017 | 19,036 |
| Payable days | – | 992 | 297 | 51 | 1,228 |
| Cash conversion cycle (days) | – | 13,547 | 4,236 | 983 | 17,827 |
| Working capital days | – | 116 | 99 | 267 | 140 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 52.89% |
| FIIs | 6.34% |
| DIIs | 25.70% |
| of which Mutual funds | 24.14% |
| of which Insurance | 0.35% |
| Government | 0.00% |
| Public (non-institutions) | 15.07% |
| Quarter | Mar 2025 | May 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.88% | 52.89% |
| Promoter group | % |
|---|---|
| Sobha Menon | 30.63% |
| P N C Menon | 18.84% |
| Ravi P N C Menon | 3.37% |
| P N Haridas | 0.05% |
| Sudha Menon | 0.00% |
| Public holders above 1% | % |
|---|---|
| Bandhan Small Cap Fund | 7.68% |
| Anamudi Real Estates Llp | 5.56% |
| Franklin India Focused Equity Fund | 4.26% |
| Hsbc Mutual Fund - Hsbc Small Cap Fund | 2.61% |
| Aditya Birla Sun Life Mutual Fund - Aditya Birla Sun Life Flexi Cap Fund | 2.50% |
| Icici Prudential Multi Cap Fund | 1.98% |
| Mirae Asset Large Cap Fund | 1.82% |
| Canara Robeco Mutual Fund A/C Canara Robeco Small Cap Fund | 1.03% |
1,20,814 shareholders. Pledged: 0.00% of promoter shares.
Peers in Residential, Commercial Projects
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DLF | ₹1,63,939 cr | 35.9x | 3.6x | 10.3% | 6.3% | 14.8% | +12.9% | 0.90% |
| LODHA | ₹97,912 cr | 23.7x | 4.2x | 19.0% | 17.9% | 32.2% | +20.8% | 0.43% |
| PHOENIXLTD | ₹67,737 cr | 52.9x | 6.2x | 11.9% | 15.4% | 59.1% | +18.8% | 0.13% |
| PRESTIGE | ₹60,152 cr | 52.8x | 3.7x | 7.2% | 10.5% | 28.1% | +15.1% | 0.12% |
| OBEROIRLTY | ₹57,522 cr | 21.9x | 3.0x | 14.7% | 16.9% | 57.1% | +12.8% | 0.51% |
| GODREJPROP | ₹45,942 cr | 28.7x | 2.4x | 8.8% | 6.9% | -7.7% | +31.6% | – |
| BRIGADE | ₹17,781 cr | 25.6x | 2.6x | 11.2% | 10.9% | 27.0% | +18.3% | 0.35% |
| ANANTRAJ | ₹16,514 cr | 27.8x | 2.9x | 11.6% | 11.1% | 27.0% | +37.9% | 0.15% |
| SOBHA | ₹12,247 cr | 64.1x | 2.6x | 4.1% | 6.5% | 6.5% | +16.2% | 0.26% |
| ABREL | ₹12,035 cr | – | 3.2x | -3.1% | -4.4% | -88.7% | -56.1% | 0.18% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Real estate | ₹4,420 cr | 81.1% | ₹383 cr | 8.7% |
| Contractual and manufacturing | ₹1,028 cr | 18.9% | ₹115 cr | 11.1% |
| Unallocable finance and other income | ₹0 cr | – | ₹107 cr | – |
| Share of loss in equity accounted investees (Net) | ₹0 cr | – | ₹-0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-10 | Dividend | Dividend - Rs 6 Per Share |
| 2025-07-11 | Dividend | Dividend - Rs 3 Per Share |
| 2024-07-26 | Dividend | Dividend - Rs 3 Per Share |
| 2024-06-19 | Rights | Rights 6:47 @ Premium Rs 1641/- |
| 2023-07-28 | Dividend | Dividend - Rs 3 Per Share |
| 2022-07-28 | Dividend | Dividend - Rs 3 Per Share |
| 2021-07-29 | Dividend | Dividend - Rs 3.50 Per Share |
| 2020-07-23 | Dividend | Annual General Meeting/Dividend - Rs 7 Per Share |
| 2019-07-24 | Dividend | Dividend - Rs 7 Per Share |
| 2018-07-25 | Dividend | Annual General Meeting/Dividend- Rs 7 Per Share |
| 2017-08-24 | Buyback | Buyback |
| 2017-07-20 | Dividend | Dividend - Rs 2.50 Per Share |
| 2016-07-21 | Dividend | Dividend -Rs 2/- Per Share |
| 2016-06-03 | Buyback | Buy Back Of Shares |
| 2015-07-02 | Dividend | Annual General Meeting/ Dividend - Rs 7/- Per Share |
| 2014-07-03 | Dividend | Annual General Meeting / Dividend - Rs 7/- Per Share |
| 2013-06-27 | Dividend | Dividend Rs 7 Per Equity Share |
| 2012-06-21 | Dividend | Annual General Meeting And Dividend - Rs.5/- Per Shar |
| 2011-06-23 | Dividend | Dividend-Rs.3/- Per Share |
| 2010-06-03 | Dividend | Dividend-Rs.2.50 Pr Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Construction: Construction of Residential and Commercial projects
- Contractual and Manufacturing: Building completion and finishing services - Manufacturing activities related to: (i) Interiors, (ii) Glazing and Metal works (iii) Concrete products and Mattress division.
| Sector | Consumer Discretionary |
| Industry | Residential, Commercial Projects |
| Sub-industry | Residential, Commercial Projects |
| Symbol | SOBHA |
| BSE code | 532784 |
| ISIN | INE671H01015 |
| Face value | ₹10.0 |
| Incorporated | 1995-08-07 |
| Website | www.sobha.com |
| Plants (India / abroad) | 73 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.