Sobha Limited (SOBHA) Fair Value & Analysis
Real Estate · IN · Market cap ₹153B
Fair value as of: Aug 13, 2026
From 16 valuation models · updated 4 days ago
Share price −9.6% over the past month.
Below-average quality, and screening another 77% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹384.35). The favourable scenario is already priced in.
- Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹210.37 – ₹2,115 · fair‑value band ₹307.48 – ₹384.35 · the ₹1,321 price screens above the ₹307.48 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Sobha Limited (SOBHA) currently trades at ₹1,321, while our model-based Fair Value estimate is ₹307.48, implying the stock looks roughly 76.7% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Sobha Limited generated revenue of ₹51.9B at a net margin of 3.7%. Revenue grew 60.2% year over year. It earns a return on equity of 4.2%. The balance sheet holds a net cash position of ₹4.5B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹307.48 (bear case) to ₹384.35 (bull case); at ₹1,321, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at -77%, SOBHA screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: DCF Models (₹724.78) versus Dividend Discount (₹48.30). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 39 · Market factors (momentum, volatility) 45
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Sobha Limited engages in the construction, development, sale, management, and operation of residential and commercial real estate under the Sobha brand primarily in India. It operates through two segments, Real Estate, and Contractual and Manufacturing.
Full company description
Sobha Limited engages in the construction, development, sale, management, and operation of residential and commercial real estate under the Sobha brand primarily in India. It operates through two segments, Real Estate, and Contractual and Manufacturing. The Real Estate segment comprises development, sale, management, and operation of townships and housing projects, as well as leasing of commercial premises. The Contractual and Manufacturing segment is involved in the development of commercial premises and other related activities, as well as manufacturing activities related to interiors, glazing, and metal works and concrete products. Its residential real estate portfolio includes apartments, villas, row houses, townships, and plotted developments. The company also provides contracting business services comprising design, civil and structural works, MEP, interior fit-outs, aluminum and glazing systems, and landscaping; glazing and metal works products, such as aluminum doors and windows, structural glazing systems, stainless steel finishes, and pre-engineered building modules tailored for commercial and institutional use; concrete products, including a range of concrete blocks, kerbs, pavers, drainage channels, and paving elements; and interior products that consist of doors, door frames, modular kitchens, wardrobes, customized furniture, paneling, partitions, and upholstered joinery elements; and precast products, including columns, beams, slabs, staircases, and facade panels. The company was formerly known as Sobha Developers Limited and changed its name to Sobha Limited in August 2014. Sobha Limited was incorporated in 1995 and is headquartered in Bengaluru, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Sobha Limited reported revenue of ₹51.9B in FY2026 versus ₹25.6B in FY2022, a compound +19.4%/yr. Reported net income was ₹1.9B in FY2026, compounding +2.8%/yr from FY2022.
of which total revenue +7.3 pp · buybacks/dilution −0.4 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
SOBHA screens 77% overvalued. Compare with DLF Limited →
Peer Group
Real Estate - Development · 590 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Real Estate - Development median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DLF Limited DLF | ₹661.75 | ₹146.13 | -78% |
| Lodha Developers Limited LODHA | ₹1,209 | ₹583.43 | -52% |
| PT Pantai Indah Kapuk Dua Tbk, PANI | 6,050 IDR | 1,330 IDR | -78% |
| PT Jaya Real Property, Tbk., JRPT | 1,080 IDR | 1,674 IDR | +55% |
| PT Bumi Serpong Damai Tbk, BSDE | 595.00 IDR | 1,488 IDR | +150% |
| PT Sentul City Tbk, BKSL | 73.00 IDR | 84.16 IDR | +15% |
| PT Ciputra Development Tbk, CTRA | 610.00 IDR | 1,525 IDR | +150% |
| PT Duta Pertiwi Tbk DUTI | 4,300 IDR | 6,239 IDR | +45% |
| PT Puradelta Lestari Tbk DMAS | 147.00 IDR | 164.33 IDR | +12% |
| Phat Dat Real Estate Development Corporation PDR | 12,100 VND | 4,943 VND | -59% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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