SOBHARealty

Sobha Limited

Residential, Commercial Projects · ISIN INE671H01015 · BSE 532784 · NSE EQ · FV ₹10
Last price
₹1,188
+3.56%today
What this company does

Sobha Limited operates in Residential, Commercial Projects, part of the Realty sector. It booked ₹967 cr of revenue in its latest quarter (Q2 FY27) and kept 3.4% of sales as profit.

In the report:
51out of 100
Equitytale Health Score
Mixed

Healthier than 51% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 1,198–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
42

At close. Not part of the score.

Profitability & returns24

How much profit it earns on the money it employs

Balance sheet36

How much it owes, and whether earnings cover the interest

Cash quality88

Whether reported profit actually arrives as cash

Growth & consistency77

Whether sales and profit have grown, and how steadily

Valuation22

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Promoters hold 53%
✓ No promoter shares pledged
Watch-outs
! Thin 3.4% net margin
! Sales down 31% vs last year
! Profit down 55% vs last year
! Low 2.8% return on equity
! Operating cash flow is negative

What if I invest in SOBHA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,188▲ +3.56%
latest close · 2026-11-04
1-year return
+38.9%
52-wk low ₹48052-wk high ₹1,560
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio96.4High
LowAverageHigh
P/B ratio2.68Moderate
Below bookModerateHigh
EV / EBITDA29.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.8%Weak
WeakFairStrong ▸15%
Return on capital6.4%Weak
WeakFairStrong
Net margin3.4%Thin
ThinDecentStrong
EBITDA margin12.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.32Comfortable
LowModerateHigh ▸1
Interest cover2.2×Okay
RiskyOkayStrong ▸5×
Current ratio1.14Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹12,705 cr
Book value
₹443
EPS
₹3.08
latest quarter
Net debt
₹1,364 cr
owes more than its cash
Enterprise value
₹14,069 cr
EBITDA
₹476 cr
annualised
EBIT
₹349 cr
annualised
Operating margin
9.0%
Return on assets
0.6%
Earnings yield
1.04%
P/S
3.28
Sales / share
₹361.7
Tax rate
29.8%
Face value
₹10
Shares
10.7 cr
Working capital
₹2,238 cr
Current assets
₹17,885 cr
Current liabilities
₹15,647 cr
Delivery %
48.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹86–₹220, midpoint ₹153

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹967 cr
Other Income₹50 cr
Total Income₹1,017 cr
Cost of Materials₹99 cr
Purchases of Stock-in-Trade₹400 cr
Inventory Change (±)₹-773 cr
Employee Benefit Expense₹142 cr
Finance Costs₹40 cr
Depreciation & Amortisation₹32 cr
Other Expenses₹1,030 cr
Total Expenses₹970 cr
Profit before Tax₹47 cr
Tax Expense₹14 cr
Share of JV / Associates₹-14.6 L
Net Profit₹33 cr
Net margin on total income3.2%
Where the money goes · Q2 FY27
% of total income
Employee benefit expense₹142 cr13.9%
Finance costs₹40 cr3.9%
Depreciation & amortisation₹32 cr3.1%
Other expenses₹757 cr74.4%
Tax expense₹14 cr1.4%
Profit for the period₹33 cr3.2%
Total income ₹1,017 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,988 cr1,278 cr967 cr
Total income2,030 cr1,330 cr1,017 cr
Expenses1,908 cr1,261 cr970 cr
Profit before tax122 cr69 cr47 cr
Tax30 cr18 cr14 cr
Net profit (owners' share)92 cr51 cr33 cr
Net margin (owners' share, on revenue)4.6%4.0%3.4%
EPS (₹)8.594.753.08
YoY (latest quarter): total income -30.8% · net profit -54.6%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹21,133 cr
Shareholder equity
₹4,736 cr
parent shareholders
Total debt
₹1,505 cr
Cash
₹141 cr
Cash flow · H1 FY27
Operating
₹-342 cr
Investing
₹-58 cr
Financing
₹368 cr
Peer comparison
Residential, Commercial Projects · by market value
CompanyPriceMarket capP/E
DLF Limited₹709₹1.75 L cr33.8
Aditya Birla Real Estate Limited₹1,036₹1.27 L cr34.5
Lodha Developers Limited₹1,061₹1.06 L cr26.2
The Phoenix Mills Limited₹2,049₹73,277 cr56.2
Prestige Estates Projects Limited₹1,537₹66,199 cr70.1
Oberoi Realty Limited₹1,677₹60,976 cr20.0
Godrej Properties Limited₹1,670₹47,434 cr81.5
Brigade Enterprises Limited₹527₹17,189 cr22.2
Anant Raj Limited₹444₹15,967 cr25.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.51%
trailing 12 months
Dividend / share (TTM)
₹6
Last dividend
₹6
ex 10 Jul 2026
ActionDetailEx-date
Dividend₹6 / share10 Jul 2026
Dividend₹3 / share11 Jul 2025
Dividend₹3 / share26 Jul 2024
Rights issue47:619 Jun 2024
Dividend₹3 / share28 Jul 2023
Dividend₹3 / share28 Jul 2022
Who owns it · 2026-09-30
No pledge
Promoter
52.9%
FII / Foreign
6.3%
DII / Domestic
25.7%
Retail / others
15.1%
Promoter stake up 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtRAVI P N C MENON · Promoter3,500 · ₹42.8 L18 Sep 26
BoughtPuthan Naduvakkatt Chenthamaraksha Menon · Promoters9,853 · ₹1.2 cr10 Mar 25
BoughtPuthan Naduvakkatt Chenthamaraksha Menon · Promoters1,431 · ₹16.8 L4 Mar 25
Bulk / block deals
short— · NSE7021 Sep 26
short— · NSE83 Sep 26
short— · NSE20026 Aug 26
Stake changes
BoughtBandhan Mutual Fund (through Bandhan Small Cap Fund)→ 7.02% · 72,0007 May 26
BoughtBandhan Mutual Fund→ 5.01% · 15,61126 Sep 25
BoughtMr. Puthan NC Menon · promoter→ 18.84% · 9,85310 Mar 25
Promoter pledges
ReleasedCatalyst Trusteeship Ltd33.00 L · 3.48% held17 Aug 23
ReleasedCatalyst Trusteeship Limited67.00 L · 10.54% held25 Jul 23
PledgedCatalyst Trusteeship Limited32.50 L · 7.11% held13 May 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Jul 2025
See the official result
1
To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended March 31, 2025, together with reports of the Board of Directors and the Statutory Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
3.22 cr votes for, 151 against · 0% of mutual funds and other big investors said no
2
To declare a dividend on equity shares for the financial year ended March 31, 2025 at the rate of Rs. 3/- per equity share of Rs. 10/- (Rupees Ten only) each fully paid-up shares of the Company and pro-rata dividend on partly paid-up equity shares.
Backed by 100% of shareholders other than promotersneeded 50%
3.23 cr votes for, 127 against · 0% of mutual funds and other big investors said no
3
To re-appoint Mr. Jagadish Nangineni (DIN: 01871780), as a director liable to retire by rotation and being eligible, offers himself for re-appointment.
Backed by 94% of shareholders other than promotersneeded 50%
3.02 cr votes for, 20.91 L against · 6% of mutual funds and other big investors said no
4
To Appoint Nagendra D Rao & Associates LLP, Company Secretaries as the Secretarial Auditor of the company for a period of 5 (five) years.
Backed by 100% of shareholders other than promotersneeded 50%
3.22 cr votes for, 32,886 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 52.9% between them · as of 2026-09-30
Sobha Menon30.63%
P N C Menon18.84%
Ravi P N C Menon3.37%
P N Haridas0.05%
Sudha Menonno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.