Sobha

SOBHA · NSE

— · —

₹1,216.5

Closing price — 29 Sept 2026

Market cap ₹12,989 Cr · EPS ₹30.48

Valuation

Blended fair value using DCF and peer comparison methods.

See if Sobha is undervalued

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Cyclical company. DCF based on normalised positive cash flows only. Peer comparison weighted more heavily.

The intrinsic value shown is an algorithmic estimate based on publicly available financial data — including DCF analysis, peer comparison, and historical financials. It is not a research report, investment advice, or a recommendation to buy, sell, or hold any security. Stock valuations involve uncertainty and may differ significantly from market prices. Please consult a SEBI-registered investment adviser before making any investment decision.

Peer comparison

How this company stacks up against sector peers on valuation and quality metrics.

Real estate development · 8 peers · sector medians shown

Better than medianWorse than median

Company	Mkt Cap	P/E	P/B	EV/EBITDA	ROE	Net Margin	Rev CAGR 3y
Sobha SOBHA · you	₹13,108 Cr	67.8×	2.8×	43.5×	4.1%	3.7%	16.2%
Sector median	—	33.0×	3.5×	18.9×	9.6%	21.3%	18.5%
Lodha Developers LODHA	₹88,501 Cr	25.9×	3.8×	18.7×	14.7%	20.6%	20.8%
Prestige Estates Projects PRESTIGE	₹68,383 Cr	58.3×	4.3×	17.3×	7.3%	9.4%	15.1%
Phoenix Mills PHOENIXLTD	₹65,887 Cr	53.8×	6.0×	26.3×	11.1%	27.7%	18.8%
Godrej Properties GODREJPROP	₹59,986 Cr	33.0×	3.2×	-120.5×	9.7%	36.1%	31.6%
Oberoi Realty OBEROIRLTY	₹59,391 Cr	23.7×	3.3×	19.1×	14.0%	41.7%	12.7%
Anant Raj ANANTRAJ	₹19,464 Cr	34.0×	3.3×	30.5×	9.6%	22.1%	37.9%
Brigade Enterprises BRIGADE	₹15,893 Cr	24.4×	2.3×	15.0×	9.4%	11.3%	18.3%
Aditya Birla Real Estate ABREL	₹13,386 Cr	—	3.6×	—	-2.8%	-25.3%	-52.6%

Peer comparison verdict

Sobha trades at a premium to sector peers on P/E (67.2× vs median 33.0×). The market is pricing in higher growth — worth verifying whether recent revenue trends support that expectation.

Business quality

Valuation

P/E ratio

67.2×

P/B ratio

—

EV/EBITDA

—

Price/Sales

—

Returns

ROE

4.1%

ROCE

3.9%

ROA

—

Growth

Revenue CAGR (3yr)

16.2%

EPS CAGR (3yr)

22.9%

Efficiency

Asset turnover

—

FCF yield

1.9%

Dividend yield

0.5%

Liquidity & Solvency

Debt / Equity

0.09×

Debt / EBITDA

—

Interest coverage

1.5×

Current ratio

1.14×

Quick ratio

—

Financial health

Piotroski F-Score, Altman Z-Score, and key solvency ratios.

Is the business financially healthy?

Two structured frameworks that go beyond a single number to assess financial strength.

Altman Z-Score

Predicts likelihood of financial distress. Above 2.99 = safe zone; 1.81–2.99 = grey zone; below 1.81 = distress.

0.99

Distress zone

0 (distress)2.99 (safe)5+

Piotroski F-Score

6 / 9 — Moderate

Nine binary checks across profitability, leverage/liquidity, and operating efficiency. 7+ = financially strong; 4–6 = average; 0–3 = weak signals.

Profitability (1–4)

Leverage (5–7)

Efficiency (8–9)

Positive net income

Positive operating cash flow

Improving return on assets

Cash flow exceeds net income

Debt ratio reduced

Improving current ratio

No equity dilution

Improving gross margin

Improving asset turnover

See if Sobha is financially healthy

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Calculated from annual report data sourced via BSE/NSE filings. For precise figures refer to BSE/NSE filings.

Full financial data

Charts and annual statements for income, balance sheet and cash flow.

Income trend

Revenue, profit and margin trends over time.

Revenue

Net profit

Operating margin

Net margin

Revenue

₹5,191 Cr

Net profit

₹193 Cr

Operating margin

—

Net margin

3.7%

Revenue and net profit in ₹ Crores (left axis). Margins % on right axis.

Cash flow

Where cash comes from and where it goes.

Operating CFInvesting CFFinancing CFFree cash flow

Operating CF — Cash earned from running the business. The core engine of financial health.

Investing CF — Cash spent on assets and equipment. Negative is normal — it means the company is investing in growth.

Financing CF — Cash from borrowing or repaying loans and dividends. Negative means debt is being repaid.

Free cash flow — Operating CF minus capex. Cash left after keeping the business running. Positive and growing is ideal.

Operating CF

₹429.87 Cr

Investing CF

₹0 Cr

Financing CF

₹0 Cr

Free cash flow

₹221.41 Cr

Balance sheet

Assets show what the company owns. Liabilities show what it owes. Equity is what's left for shareholders.

How the company is funded — equity is owners' money, debt is long-term borrowing, current liabilities are short-term obligations.

Equity

Debt

Current liabilities

Total assets

—

Total debt

₹407 Cr

Equity

₹4,720 Cr

Debt / Equity

0.09×

Numbers are illustrative — order-of-magnitude correct. For precise figures, refer to the company's annual report on BSE/NSE.

Shareholding pattern

Who owns this company and how that has changed.

What shareholding tells you: When promoters (founders/controlling shareholders) increase their stake, it usually signals confidence in the business. Rising FII (foreign funds) interest means international money is moving in. High promoter pledge is a risk — pledged shares can be force-sold if the stock price falls sharply.

Latest quarter

Promoter

52.9%

FII

6.1%

-0.1 pp QoQ

DII

26.0%

-0.1 pp QoQ

Retail

15.0%

Trend over time (%)

Quarterly data

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Change (YoY)
Promoter	52.3%	52.3%	52.3%	52.3%	52.8%	52.8%	52.9%	52.9%	52.9%	52.9%	52.9%	52.9%	0.0 ppYoY
FII (Foreign)	11.2%	11.1%	11.9%	11.5%	10.9%	10.0%	8.9%	8.1%	6.4%	6.3%	6.2%	6.1%	-2.0 ppYoY
DII (Domestic)	14.9%	17.2%	17.6%	18.6%	23.4%	24.2%	24.0%	24.6%	26.0%	25.8%	26.1%	26.0%	+1.4 ppYoY
Retail	21.5%	19.4%	18.3%	17.6%	12.9%	13.0%	14.2%	14.4%	14.7%	15.1%	14.8%	15.0%	+0.6 ppYoY

Signals from the trend

📈

PromoterUp 0.6pp — insiders are adding to their stake

📉

FIINet sellers (5.1pp) — foreign institutional interest is declining

📈

DIINet buyers (+11pp) — domestic funds are accumulating

Mixed signals — promoter buying and DII buying on the positive side, but FII outflows adds uncertainty.

pp = percentage points. FII = Foreign Institutional Investors. DII = Domestic Institutional Investors (MFs, insurance). Data sourced from NSE/BSE filings. Verify on BSE/NSE before any investment decision.