Loading…
Premium residential real estate developer known for in-house construction quality, based in Bangalore.
Premium residential real estate developer known for in-house construction quality, based in Bangalore.
Sells apartments and villas to buyers, booking sales as construction advances. Unusually for an Indian developer it makes much of its own concrete products, metal and glass work and interior fittings in factories, used in its own projects and contract building. The Menon family are its main shareholders; Bangalore carries most sales.
In one line: A premium, quality-focused Indian homebuilder.
Moat: narrow (brand, process know-how). Reputation for in-house construction quality control, unusual among Indian developers who outsource building.
Headquarters: Bengaluru, India · Founded: 1995 · Employees: 29,938
Size Sobha (SOBHA.NS) is an India Real Estate company (Real Estate Development) with a market value of $1.44B, the 481st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,275 on 6 Nov 2026.
Performance Over six months the shares fell 12.1%, against -16.2% for the median peer and 0.0% for the India market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 9.6% over the last twelve months (peer median +2.0%); the operating margin is 4.3% (peer median 15.0%).
Valuation It trades at 29.9× forward earnings against a peer median of 12.6× (3rd most expensive of 15).
Credit Sobha has 2 bonds outstanding ($1.25B), rated BB by the agencies and trading like B- at a weighted spread of 549 bp.
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹51.8B | ₹51.8B | ₹40.3B | ₹30.4B | ₹32.6B |
| Revenue growth | — | +28% | +33% | -7% | — |
| Gross profit | ₹11.9B | ₹8.32B | ₹7.18B | ₹5.73B | ₹6.70B |
| EBITDA | ₹3.37B | ₹3.10B | ₹3.26B | ₹2.33B | ₹3.48B |
| Net income | ₹1.91B | ₹1.93B | ₹947M | ₹491M | ₹1.04B |
| Free cash flow | n/a | ₹2.61B | -₹289M | ₹3.47B | ₹8.15B |
| Capital expenditure | n/a | ₹2.08B | ₹1.31B | ₹1.25B | ₹1.23B |
| Total debt | ₹15.6B | ₹10.6B | ₹11.8B | ₹19.4B | ₹20.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sobha SOBHA.NS | $1.44B | -12% | +10% | 4% | 29.9× | n/a |
| Brigade Enterprises BRIGADE.NS | $1.93B | -4% | -4% | 23% | 20.0× | n/a |
| Prestige Estates Projects PRESTIGE.NS | $7.42B | +10% | +66% | 24% | 38.5× | n/a |
| Godrej Properties GODREJPROP.NS | $5.77B | -4% | +17% | 21% | 24.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SOBHA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.5% | -1.9% | 2nd highest of 21 |
| 6-month return | -12.1% | -16.2% | 8th highest of 20 |
| Distance from 52-week high | -26.4% | -31.2% | 9th highest of 21 |
| Revenue growth (TTM) | +9.6% | +2.0% | 6th highest of 21 |
| Operating margin | 4.3% | 15.0% | 6th lowest of 21 |
| Forward P/E | 29.9× | 12.6× | 3rd most expensive of 15 |
| Bond spread | 549 bp | 147 bp | widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sobha SOBHA.NS | India | $1.44B | -12% | +10% | 4% | 29.9× | n/a | n/a |
| Atrium Ljungberg ATRLJ-B.ST | Sweden | $1.45B | -24% | +8% | 55% | 12.3× | n/a | n/a |
| NP3 Fastigheter NP3.ST | Sweden | $1.45B | -14% | +11% | 72% | 13.9× | n/a | n/a |
| Intea Fastigheter INTEA-B.ST | Sweden | $1.45B | -11% | +28% | 79% | 14.4× | n/a | n/a |
| Grand City Properties GYC.DE | Germany | $1.42B | -19% | +2% | 55% | 5.3× | n/a | n/a |
| China Overseas Property 2669.HK | Hong Kong | $1.41B | -17% | +11% | 11% | 7.0× | n/a | n/a |
| Shenzhen Heungkong 600162.SS | China | $1.48B | +63% | -25% | -1% | n/a | n/a | n/a |
| Deutsche EuroShop DEQ.DE | Germany | $1.40B | -16% | +2% | 76% | 9.5× | n/a | n/a |
| Cham Swiss Properties CHAM.SW | Switzerland | $1.38B | -5% | -78% | 32% | 102.7× | n/a | n/a |
| Grandjoy 000031.SZ | China | $1.38B | -30% | -25% | 3% | n/a | n/a | n/a |
| GreatTown 600094.SS | China | $1.51B | -2% | -36% | 4% | n/a | n/a | n/a |
| Shanghai Chengtou 600649.SS | China | $1.38B | -14% | -53% | 6% | 28.3× | n/a | n/a |
| Evergrande Property Services 6666.HK | Hong Kong | $1.37B | -34% | +9% | 10% | n/a | n/a | n/a |
| Shanghai Jinqiao Export Processing Zone Development 600639.SS | China | $1.37B | -10% | +203% | 23% | 5.7× | n/a | n/a |
| Zug Estates ZUGN.SW | Switzerland | $1.37B | -2% | +1% | 62% | 27.3× | n/a | n/a |
| Opendoor Technologies OPEN | United States | $1.36B | -72% | -37% | -16% | n/a | n/a | n/a |
| China Merchants Property Operation & Service 001914.SZ | China | $1.36B | -16% | +6% | 5% | 9.8× | n/a | n/a |
| Seazen 1030.HK | Hong Kong | $1.36B | -36% | -35% | 16% | 12.8× | n/a | n/a |
| Starts 8850.T | Japan | $1.35B | -6% | +7% | 14% | 7.8× | n/a | n/a |
| Yuexiu Property 0123.HK | Hong Kong | $1.55B | -30% | -21% | 0% | 52.6× | n/a | n/a |
| Horizon Industrial Parks HORIZONIND.NS | India | $1.33B | n/a | +83% | 44% | n/a | n/a | n/a |
Sobha has 2 bonds outstanding with $1.25B face value. The agencies rate it BB; its bonds trade like B-. Weighted yield 10.07%, a spread of 549 bp over government bonds.