Sobha logo

Sobha share price

NSE: SOBHABSE: 532784RealtySmall Cap

Sobha Limited · Formerly Sobha Developers · Face value ₹10 · Listed Dec 2006
Last close ₹1,160.00down ₹35.60 (2.98%)BSE ₹1,160.95

Share price at the NSE close on 28 Oct 2026. Previous close ₹1,195.60.

28 Oct: open ₹1,179.00, high ₹1,179.80, low ₹1,155.00

52-week range of traded prices to 28 Oct 2026
₹1,112.10Low, 21 Oct 2026₹1,732.00High, 10 Nov 2025
Market cap
₹12,407 Cr424th largest listed
P/E
64.93
P/B
2.62
Dividend yield
0.52%
ROE
4.1%
ROCE
3.5%
Debt to equity
0.32
Volume, NSE
52,82333.7% delivered

Sobha share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−24.9%over a year · Nifty Realty −15.5% · Nifty 500 −8.8%

Results20-session average 2,31,335 shares a day, 49.2% delivered

About Sobha

Sobha Limited is a Bengaluru-based real estate developer that builds homes, commercial spaces and institutional projects in India.12 It also takes construction contracts from companies and institutions, and makes building materials such as glazing and metal works, interiors and concrete products for its own projects and for outside clients.3

Its residential and commercial projects carry the SOBHA brand; it makes mattresses under the Sobha Restoplus brand and sells interior packages for furnishing homes under metercube.34 Sobha keeps design, engineering, manufacturing and construction in-house, down to the precast structural parts, glazing and interiors made in its own factories.5 It operates in 28 cities across 14 states.6

Sobha was founded in 1995 by PNC Menon, now its Chairman Emeritus.178 Ravi PNC Menon is chairman of the SOBHA Group.9 The company listed its shares in an initial public offering in December 2006, and raised more through a qualified institutional placement (a share sale to large institutions) in July 2009 and a rights issue (new shares offered to existing shareholders) in August 2024.7 In the year to Mar 2026 it entered Mumbai with SOBHA Inizio and Greater Noida with SOBHA Aurum.9

Sobha key points

Results

  • In the quarter to Sep 2026, total income (revenue plus other income) was ₹1,017 crore, against ₹1,469 crore a year earlier; EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹119 crore and profit after tax ₹33 crore.10
  • In the half year to Sep 2026, total income was ₹2,347 crore, EBITDA ₹249 crore and profit after tax ₹84 crore.11
  • In the year to Mar 2026, consolidated total income was ₹53,838 million, EBITDA ₹5,033 million and profit after tax ₹1,934 million, up 104.26% on the year before.1213
  • At the end of Sep 2026, gross debt was ₹1,505 crore against cash and equivalents of ₹1,827 crore, leaving net cash (cash above borrowings) of ₹322 crore.1415

Sales bookings

  • Sales value (the value of homes booked) reached ₹5,862 crore in the half year to Sep 2026, up 47.2% and the highest for any half year in the company's history, from 3.76 million square feet across 2,260 units.16
  • Sobha's own share of that sales value, net of landowners' shares, was a record ₹4,874 crore, and average realisation rose to ₹15,604 per square foot from ₹14,028 a year earlier.17
  • In the year to Mar 2026, sales value rose 30% to ₹81.36 billion from ₹62.77 billion, and the company launched 6.04 million square feet across 9 projects in 6 cities.18
  • Sales value by region, half year to Sep 202619
    Itemhalf year to Sep 2026
    Bangalore₹3,385 crore, about 58%
    National Capital Region₹1,974 crore, about 34%
    Kerala₹357 crore, about 6%

Business segments

  • Real estate. Develops apartments, villas, row houses, townships and plotted developments, and leases its own commercial space; real estate revenue was ₹44,197 million in the year to Mar 2026, 82.1% of total income.202122
  • Contractual and manufacturing. Builds commercial and institutional projects for clients such as Infosys, Dell, Biocon and ITC, and makes glazing, interiors and concrete products; revenue was ₹7,708 million in the year to Mar 2026, 16.7% of total income.2324
  • Manufacturing and retail sales by division, year to Mar 2026, ₹ million25
    Itemyear to Mar 2026
    Glazing and metal works1,893
    Concrete products980
    Interiors868
    Retail sales251
  • The contracts, manufacturing and retail businesses had an external order book (orders received but not yet delivered) of ₹540 crore at the end of Sep 2026.26

Projects and land bank

  • By the end of Sep 2026, Sobha had completed 156.45 million square feet across 599 developments and had 51.75 million square feet under development in 50 projects.2728
  • Unsold homes in completed and ongoing projects came to 14.47 million square feet with a sale value of ₹228.72 billion, and revenue still to be recognised on homes already sold was ₹220.41 billion.2729
  • Forthcoming launches add 20.42 million square feet across 18 projects, with a sale potential of ₹313.53 billion.2730
  • Sobha's land bank for forthcoming and later projects is 347 acres across 8 cities, with a development potential of 35.97 million square feet.31

What the company expects

  • On its earnings call of 19 Oct 2026, the company said it expects its EBITDA margin to be much higher than 15% in the half year to Mar 2027 and to move towards 20% from the year to Mar 2028.3233
  • On its earnings call of 19 Oct 2026, the company said it expects profit after tax for the year to Mar 2027 to grow by at least 50% over the previous year.34
  • On its earnings call of 19 Oct 2026, the company said it plans to deliver about 6 million square feet of homes in the year to Mar 2027.35
  • The company stated in its annual report for the year to Mar 2026 that it aims for net operating cash flow close to ₹2,000 crore in the year to Mar 2027.36

Recent events

  • On 20 Jul 2026, the board approved raising up to ₹10,00,00,00,000 through non-convertible debentures (bonds that cannot be turned into shares), issued in tranches by private placement.37
  • On 30 Dec 2025, ICRA reaffirmed its AA- (Stable) credit rating (an agency's view of ability to repay debt) on ₹3,387.90 crore of bank facilities.3839

Litigation and regulatory matters

  • The Enforcement Directorate has provisionally attached land parcels worth ₹2,016.05 million held by Technobuild Developers Private Limited, over which Sobha has rights under an agreement, alleging irregularities in the allotment and pricing of plots in a joint development township.40
  • The attachment was confirmed and the company has appealed to the Appellate Tribunal; as of its results filing of 20 Jul 2026, the proceedings were pending.40
  • After an Income Tax Department search in March 2023, the company received tax demands totalling ₹672 million; as of its annual report of 26 Jun 2026, its appeals were pending before the Commissioner of Income Tax (Appeals), Bangalore.41

Last updated

All 41 sources, each with its page
  1. 1. Annual report, 26 Jun 2026, page 5
  2. 2. Annual report, 26 Jun 2026, page 68
  3. 3. Annual report, 26 Jun 2026, page 27
  4. 4. Annual report, 26 Jun 2026, page 61
  5. 5. Annual report, 26 Jun 2026, page 7
  6. 6. Investor presentation, 19 Oct 2026, page 4
  7. 7. Investor presentation, 19 Oct 2026, page 3
  8. 8. Annual report, 26 Jun 2026, page 64
  9. 9. Annual report, 26 Jun 2026, page 24
  10. 10. Earnings call, 19 Oct 2026, page 5
  11. 11. Earnings call, 19 Oct 2026, page 5
  12. 12. Annual report, 26 Jun 2026, page 59
  13. 13. Annual report, 26 Jun 2026, page 27
  14. 14. Earnings call, 19 Oct 2026, page 5
  15. 15. Earnings call, 19 Oct 2026, page 4
  16. 16. Earnings call, 19 Oct 2026, page 3
  17. 17. Earnings call, 19 Oct 2026, page 3
  18. 18. Annual report, 26 Jun 2026, page 24
  19. 19. Earnings call, 19 Oct 2026, page 3
  20. 20. Annual report, 26 Jun 2026, page 59
  21. 21. Annual report, 26 Jun 2026, page 13
  22. 22. Annual report, 26 Jun 2026, page 181
  23. 23. Annual report, 26 Jun 2026, page 59
  24. 24. Annual report, 26 Jun 2026, page 13
  25. 25. Annual report, 26 Jun 2026, page 60
  26. 26. Earnings call, 19 Oct 2026, page 4
  27. 27. Investor presentation, 19 Oct 2026, page 4
  28. 28. Investor presentation, 19 Oct 2026, page 4
  29. 29. Investor presentation, 19 Oct 2026, page 23
  30. 30. Earnings call, 19 Oct 2026, page 3
  31. 31. Investor presentation, 19 Oct 2026, page 16
  32. 32. Earnings call, 19 Oct 2026, page 10
  33. 33. Earnings call, 19 Oct 2026, page 13
  34. 34. Earnings call, 19 Oct 2026, page 4
  35. 35. Earnings call, 19 Oct 2026, page 13
  36. 36. Annual report, 26 Jun 2026, page 63
  37. 37. Exchange filing, 20 Jul 2026, page 1
  38. 38. Exchange filing, 30 Dec 2025, page 1
  39. 39. Exchange filing, 30 Dec 2025, page 3
  40. 40. Exchange filing, 20 Jul 2026, page 4
  41. 41. Annual report, 26 Jun 2026, page 135

Results

Consolidated; ₹ crore.Sobha quarterly results

Revenue growth, 12 months
+9.6%
Net profit growth, 12 months
+28.5%

Quarter to Sep 2026, against the quarter before

Revenue
₹967 Crdown 24.34%
Net profit
₹33 Crdown 35.18%
Net margin
3.4%

Revenue by quarter

₹1,224 CrDec 24₹1,241 CrMar 25₹852 CrJun 25₹1,408 CrSep 25₹943 CrDec 25₹1,988 CrMar 26₹1,278 CrJun 26₹967 CrSep 26
Peak revenue ₹1,988 Cr, quarter to Mar 2026; lowest ₹852 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

₹22 CrDec 24₹41 CrMar 25₹14 CrJun 25₹73 CrSep 25₹15 CrDec 25₹92 CrMar 26₹51 CrJun 26₹33 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue1,2241,2418521,4089431,9881,278967
Net profit2241147315925133
Net margin1.8%3.3%1.6%5.2%1.6%4.6%4.0%3.4%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Real estate₹4,420 Crup 30.83%81.1%
  • Contractual and manufacturing₹1,028 Crup 23.88%18.9%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Sobha PE ratio and valuation

Price to earnings

At or below today's level on 63% of 2,457 trading days over the last 10 years.

LowestHighest
Its median50.20Industry median16.79
Price to book

At or below today's level on 55% of 1,870 trading days since Nov 2018.

LowestHighest
Its median2.41Industry median1.48
Dividend yield

At or below today's level on 52% of 2,450 trading days over the last 10 years.

LowestHighest
Its median0.51%Industry median0.52%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−2.5%+104.2%−52.5%0.5%
3 years+40.5%+18.1%+18.8%0.3%
5 years+22.5%+22.5%−0.3%0.4%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Sobha shareholding pattern

Shareholding by group

  • Promoters52.89%
  • Foreign institutions6.34%
  • Indian institutions25.70%
  • Individuals and others15.07%
Holder
Sobha MenonPromoter30.63%
P N C MenonPromoter18.84%
Anamudi Real Estates LlpCompanies5.56%
Ravi P N C MenonPromoter3.37%
P N HaridasPromoter0.05%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters +0.01 pts, foreign institutions +0.22 pts, Indian institutions −0.29 pts, mutual funds −0.29 pts.

Mutual fund holdings

93 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 46 of the 55 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 93 funds holding Sobha

Added
20
Cut
35
Held unchanged
38
Sold out
3
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Sobha insider trading

Bought on the market Sold on the market
  • Promoters and promoter group1 purchase, 0 sales₹0.43 CrNo saleNet₹0.43 Cr
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Sobha competitors and peers

Residential, Commercial Projects, 171 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Sobha in market cap.Real estate companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Godrej Properties logoGodrej PropertiesGODREJPROP47,80535.432.47+50.0%−12.9%7.2%−1.4%0.63%
Brigade Enterprises logoBrigade EnterprisesBRIGADE17,56425.282.58+4.8%−7.6%11.2%8.5%0.37%
Anant Raj logoAnant RajANANTRAJ16,69327.942.76+12.3%+21.2%11.4%9.6%0.22%
Horizon Industrial Parks logoHorizon Industrial ParksHORIZONIND13,873––––––0.00%
Sri Lotus Developers and Realty logoSri Lotus Developers and RealtyLOTUSDEV12,01941.045.91––15.5%16.2%0.33%
Aditya Birla Real Estate logoAditya Birla Real EstateABREL11,770–2.57−26.2%––−2.6%0.24%
Signatureglobal (India) logoSignatureglobal (India)SIGNATURE9,8739.465.34−23.0%+710.6%81.0%−3.3%0.00%
Max Estates logoMax EstatesMAXESTATES8,434–3.49+16.6%––−0.3%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Sobha dividend history

Dividend per share, ₹, restated for later splits and bonuses

2.5Mar 177Mar 187Mar 197Mar 203.5Mar 213Mar 223Mar 233Mar 243Mar 256Mar 26
Highest ₹7.00 a share, years to Mar 2018, Mar 2019 and Mar 2020.
Ex-dateTypePer share
10 Jul 2026Final₹6.00
11 Jul 2025Final₹3.00
26 Jul 2024Final₹3.00
28 Jul 2023Final₹3.00
28 Jul 2022Final₹3.00
29 Jul 2021Final₹3.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Sobha announcements

Sobha share price by year

Each calendar year to 2025.Sobha share price history

YearClose at year endChangeHighest closeLowest close
20251,459.30−7.4%1,701.201,094.60
20241,576.70+60.0%2,181.151,010.55
2023985.70+71.1%1,070.30419.95
2022576.10−35.7%1,022.25492.65
2021895.45+116.0%951.50401.70
2020414.65+3.3%451.25130.65
2019401.50−11.8%580.80385.90
2018455.30−26.4%610.00389.90
2017619.00+152.0%627.85252.15
2016245.60−20.9%337.15230.25
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20261,145.201,206.001,143.801,195.601,173.2498,51245.8%
26 Oct 20261,170.001,171.101,116.801,145.201,135.683,93,16637.4%
23 Oct 20261,182.901,185.901,137.001,173.401,161.4196,87634.2%
22 Oct 20261,187.001,206.601,167.001,196.101,194.844,25,68248.2%
21 Oct 20261,148.801,230.001,112.101,211.901,159.448,30,41921.0%
19 Oct 20261,192.701,205.601,172.001,176.001,179.041,64,71574.2%
16 Oct 20261,191.001,195.301,183.001,188.401,189.692,69,90578.7%
15 Oct 20261,206.201,221.201,181.101,190.801,202.802,15,88446.9%
14 Oct 20261,183.801,215.901,175.001,205.101,203.721,07,08237.2%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Buyback and rights issue history

Ex-dateEventPrice factorWhat happened
19 Jun 2024Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
Each event is noted and not adjusted for.

Company details

Chairperson
RAVI PUTHAN NADUVAKKAT CHENTHA MARAKSHA MENON
At the end of the quarter to Sep 2026
Managing director
JAGADISH NANGINENI
At the end of the quarter to Sep 2026
NSE symbol
SOBHA
BSE code
532784
ISIN
INE671H01015
Industry
Realty
CIN
L45201KA1995PLC018475
Corporate identity number, the registrar of companies' code for it
Incorporated
1995
Registered office
'SOBHA', Sarjapur - Marathahalli Outer Ring Road (ORR), Devarabisanahalli, Bellandur Post, Bengaluru 560103, Karnataka
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments