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Last Updated: April 2, 2026, 3:42 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532784 | NSE: SOBHA

Sobha Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹832.81Overvalued by 30.48%vs CMP ₹1,198.00

P/E (89.9) × ROE (2.7%) × BV (₹431.00) × DY (0.25%)

₹469.41Overvalued by 60.82%vs CMP ₹1,198.00
MoS: -155.2% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹800.8225%Over (-33.2%)
Graham NumberEarnings₹359.2718%Over (-70%)
DCFCash Flow₹34.9715%Over (-97.1%)
Net Asset ValueAssets₹431.268%Over (-64%)
EV/EBITDAEnterprise₹259.8210%Over (-78.3%)
Earnings YieldEarnings₹133.108%Over (-88.9%)
ROCE CapitalReturns₹1,054.9810%Over (-11.9%)
Revenue MultipleRevenue₹377.766%Over (-68.5%)
Consensus (8 models)₹469.41100%Overvalued
Key Drivers: ROE 2.7% is below cost of equity. | Wide model spread (₹35–₹1,055) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -3.8%

*Investments are subject to market risks

Investment Snapshot

49
Sobha Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health46/100 · Moderate
ROCE 6.4% WeakROE 2.7% WeakD/E 1.23 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -2.65% (6mo) SellingDII holding up 1.80% MF buyingPromoter holding at 52.9% Stable
Earnings Quality40/100 · Moderate
OPM contracting (16% → 8%) Declining
Quarterly Momentum90/100 · Strong
Revenue (4Q): +25% YoY AcceleratingProfit (4Q): +134% YoY Strong
Industry Rank20/100 · Weak
P/E 89.9 vs industry 28.7 Premium to peersROCE 6.4% vs industry 12.3% Below peersROE 2.7% vs industry 12.6% Below peers3Y sales CAGR: 16% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:42 am

Market Cap 12,809 Cr.
Current Price 1,198
Intrinsic Value₹469.41
High / Low 1,732/1,075
Stock P/E89.9
Book Value 431
Dividend Yield0.25 %
ROCE6.44 %
ROE2.68 %
Face Value 10.0
PEG Ratio-23.40

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Sobha Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Sobha Ltd 12,809 Cr. 1,198 1,732/1,07589.9 4310.25 %6.44 %2.68 % 10.0
Anant Raj Ltd 16,130 Cr. 448 744/36630.6 1220.16 %11.2 %10.9 % 2.00
Brigade Enterprises Ltd 16,451 Cr. 673 1,332/60121.7 2650.37 %13.3 %14.9 % 10.0
Ganesh Housing Corporation Ltd 7,378 Cr. 885 1,485/77412.8 2200.57 %44.0 %37.8 % 10.0
Mahindra Lifespace Developers Ltd 6,729 Cr. 315 428/25424.8 1600.89 %2.20 %2.19 % 10.0
Industry Average14,426.24 Cr370.0328.73148.620.68%12.33%12.56%6.13

All Competitor Stocks of Sobha Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 8681,2109087416857636409341,2241,2418521,408943
Expenses 7791,0948436666117015848561,1571,1478281,312905
Operating Profit 891166575746256776794249639
OPM % 10%10%7%10%11%8%9%8%5%8%3%7%4%
Other Income 30303132292829323330496240
Interest 66616164615954494745313230
Depreciation 17181819202120232323242628
Profit before tax 35671725211111362956199921
Tax % 9%27%30%39%29%36%45%28%26%27%27%27%25%
Net Profit 324912151576262241147315
EPS in Rs 2.974.541.131.401.410.660.572.442.033.821.276.781.44

Last Updated: February 4, 2026, 3:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 10:15 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,1732,4411,9432,2292,7833,4423,7542,1102,5613,3103,0974,0394,443
Expenses 1,5711,8231,4991,8092,2632,7692,6391,4352,0282,9412,8203,7444,191
Operating Profit 6036174444205206731,115675533370277294252
OPM % 28%25%23%19%19%20%30%32%21%11%9%7%6%
Other Income 10153652507372818492121124181
Interest 173188164150198236682601308249246196138
Depreciation 697260645462727972687890101
Profit before tax 3703722572583174484337523714574133194
Tax % 37%34%46%38%32%34%35%17%27%28%34%29%
Net Profit 234244138161217297282621731044995142
EPS in Rs 21.2521.5212.4814.8020.2727.7626.325.8216.199.744.598.8613.31
Dividend Payout % 29%29%14%15%31%22%24%53%16%27%58%34%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)4.27%-43.44%16.67%34.78%36.87%-5.05%-78.01%179.03%-39.88%-52.88%93.88%
Change in YoY Net Profit Growth (%)0.00%-47.72%60.11%18.12%2.08%-41.92%-72.96%257.05%-218.92%-13.00%146.76%

Sobha Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:1%
3 Years:16%
TTM:50%
Compounded Profit Growth
10 Years:-9%
5 Years:-20%
3 Years:-14%
TTM:137%
Stock Price CAGR
10 Years:19%
5 Years:43%
3 Years:28%
1 Year:-16%
Return on Equity
10 Years:6%
5 Years:3%
3 Years:3%
Last Year:3%

Last Updated: September 5, 2025, 1:31 pm

Balance Sheet

Last Updated: February 1, 2026, 3:56 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 9898989695959595959595107107
Reserves 2,1932,3342,4672,5482,6752,1342,3362,3332,3282,4002,4194,4544,504
Borrowings 1,4042,0592,1802,2222,3312,6043,1313,0522,5292,0271,9401,1831,062
Other Liabilities 1,8141,6663,3174,0273,9245,9075,4485,7296,5788,0549,22811,46112,973
Total Liabilities 5,5096,1578,0628,8939,02510,74011,01011,20811,53012,57613,68217,20518,647
Fixed Assets 3353153735956106789199038528999461,0051,050
CWIP 4152451000002500
Investments 002290112113114114115115115115115
Other Assets 5,1345,7897,4158,2988,3029,9499,97610,19110,56411,56012,61516,08517,482
Total Assets 5,5096,1578,0628,8939,02510,74011,01011,20811,53012,57613,68217,20518,647

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 395-2163883543532062946138261,150647200
Cash from Investing Activity + -126-60-2452-129-61-307-3338-237-475-1,180
Cash from Financing Activity + -246337-133-345-243-86-84-483-889-773-338993
Net Cash Flow 23611110-1858-9796-25140-16613
Free Cash Flow 276-280281322294102-75738731,03452470
CFO/OP 82%-21%101%100%84%44%36%95%165%330%262%122%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow602.00615.00442.00418.00518.00671.00-2.00672.00531.00368.00276.00293.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 412647374335353450171917
Inventory Days 5,28910,07210,343
Days Payable 788688519
Cash Conversion Cycle 412647374,544353534509,401199,841
Working Capital Days 262279665344261681011551546719104
ROCE %15%14%9%8%10%14%21%12%10%8%7%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 52.26%52.28%52.28%52.28%52.28%52.28%52.78%52.78%52.88%52.88%52.88%52.88%
FIIs 13.76%12.74%11.22%11.13%11.87%11.48%10.93%10.03%8.91%8.09%6.41%6.26%
DIIs 13.62%12.21%14.95%17.23%17.55%18.60%23.44%24.16%23.98%24.62%26.04%25.78%
Public 20.35%22.76%21.54%19.36%18.28%17.65%12.87%13.04%14.23%14.40%14.68%15.09%
No. of Shareholders 92,4411,04,9041,02,77387,9811,00,2951,04,9941,11,6761,17,1931,26,9311,25,5481,25,8131,26,255

Shareholding Pattern Chart

No. of Shareholders

Sobha Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Small Cap Fund 5,089,113 3.47 709.984,838,4412026-03-22 09:25:145.18%
Franklin India Focused Equity Fund 2,693,087 3.1 375.712,613,1052025-12-08 02:25:463.06%
Franklin India Small Cap Fund 1,513,099 1.63 211.09N/AN/AN/A
ICICI Prudential Multicap Fund 1,388,962 1.19 193.77N/AN/AN/A
Canara Robeco Small Cap Fund 1,105,214 1.21 154.19813,0522025-12-08 03:26:1635.93%
HSBC Value Fund 1,061,465 1 148.091,211,9612026-01-26 02:21:12-12.42%
Mirae Asset Focused Fund 1,055,473 2.09 147.251,066,2732026-03-23 22:05:16-1.01%
HSBC Small Cap Fund 1,020,104 0.93 142.311,123,8172026-02-23 05:27:57-9.23%
Aditya Birla Sun Life Flexi Cap Fund 970,000 0.54 135.32700,0002025-12-08 01:35:3038.57%
Bandhan Large & Mid Cap Fund 674,975 0.64 94.17N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 9.285.1810.9912.326.57
Diluted EPS (Rs.) 9.285.1810.9912.326.57
Cash EPS (Rs.) 17.2513.4318.1419.9314.93
Book Value[Excl.RevalReserv]/Share (Rs.) 426.47265.07263.02264.69255.97
Book Value[Incl.RevalReserv]/Share (Rs.) 426.47265.07263.02264.69255.97
Revenue From Operations / Share (Rs.) 377.67326.52349.00291.66226.87
PBDIT / Share (Rs.) 39.1341.9648.69103.3279.68
PBIT / Share (Rs.) 30.7333.7141.5495.7271.31
PBT / Share (Rs.) 12.447.8315.2916.687.93
Net Profit / Share (Rs.) 8.855.1810.9912.326.57
NP After MI And SOA / Share (Rs.) 8.855.1810.9912.326.57
PBDIT Margin (%) 10.3512.8513.9535.4235.12
PBIT Margin (%) 8.1310.3211.9032.8131.43
PBT Margin (%) 3.292.394.375.713.49
Net Profit Margin (%) 2.341.583.144.222.89
NP After MI And SOA Margin (%) 2.341.583.144.222.89
Return on Networth / Equity (%) 2.071.954.174.652.56
Return on Capital Employeed (%) 5.969.7112.4527.7223.86
Return On Assets (%) 0.540.350.821.020.55
Long Term Debt / Equity (X) 0.160.280.240.280.14
Total Debt / Equity (X) 0.240.760.800.971.23
Asset Turnover Ratio (%) 0.260.230.280.240.19
Current Ratio (X) 1.251.081.111.211.13
Quick Ratio (X) 0.290.170.180.290.28
Inventory Turnover Ratio (X) 0.390.000.000.000.02
Dividend Payout Ratio (NP) (%) 31.9657.9327.3028.40106.60
Dividend Payout Ratio (CP) (%) 16.4022.3416.5317.5646.87
Earning Retention Ratio (%) 68.0442.0772.7071.60-6.60
Cash Earning Retention Ratio (%) 83.6077.6683.4782.4453.13
Interest Coverage Ratio (X) 2.141.621.851.311.26
Interest Coverage Ratio (Post Tax) (X) 1.481.201.421.161.10
Enterprise Value (Cr.) 12413.1114938.355636.219004.446920.26
EV / Net Operating Revenue (X) 3.074.821.703.253.22
EV / EBITDA (X) 29.6737.5412.209.199.16
MarketCap / Net Operating Revenue (X) 3.244.421.232.431.92
Retention Ratios (%) 68.0342.0672.6971.59-6.60
Price / BV (X) 2.875.451.642.681.70
Price / Net Operating Revenue (X) 3.244.421.232.431.92
EarningsYield 0.010.000.020.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Sobha Ltd. is a Public Limited Listed company incorporated on 07/08/1995 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L45201KA1995PLC018475 and registration number is 018475. Currently Company is involved in the business activities of Construction of buildings carried out on own-account basis or on a fee or contract basis. Company's Total Operating Revenue is Rs. 4066.67 Cr. and Equity Capital is Rs. 106.94 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Realty�SOBHA�, Sarjapur-Marathahalli Outer Ring Road (ORR), Bengaluru Karnataka 560103Contact not found
Management
NamePosition Held
Mr. Ravi PNC MenonChairman
Mr. Jagadish NangineniManaging Director
Mr. Nisanth M NDeputy Managing Director
Ms. Srivathsala K NIndependent Director
Mr. Raman MangalorkarIndependent Director
Mr. Gopal Bhimrao HosurIndependent Director
Mr. Subba Rao AmarthaluruIndependent Director

FAQ

What is the intrinsic value of Sobha Ltd and is it undervalued?

As of 10 April 2026, Sobha Ltd's intrinsic value is ₹469.41, which is 60.82% lower than the current market price of ₹1,198.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.68 %), book value (₹431), dividend yield (0.25 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Sobha Ltd?

Sobha Ltd is trading at ₹1,198.00 as of 10 April 2026, with a FY2026-2027 high of ₹1,732 and low of ₹1,075. The stock is currently near its 52-week low. Market cap stands at ₹12,809 Cr..

How does Sobha Ltd's P/E ratio compare to its industry?

Sobha Ltd has a P/E ratio of 89.9, which is above the industry average of 28.73. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Sobha Ltd financially healthy?

Key indicators for Sobha Ltd: ROCE of 6.44 % is on the lower side compared to the industry average of 12.33%; ROE of 2.68 % is below ideal levels (industry average: 12.56%). Dividend yield is 0.25 %.

Is Sobha Ltd profitable and how is the profit trend?

Sobha Ltd reported a net profit of ₹95 Cr in Mar 2025 on revenue of ₹4,039 Cr. Compared to ₹173 Cr in Mar 2022, the net profit shows a declining trend.

Does Sobha Ltd pay dividends?

Sobha Ltd has a dividend yield of 0.25 % at the current price of ₹1,198.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Sobha Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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