Sobha share price today

Sobha Ltd's share price was ₹1,188.00 at the close on 4 November 2026. It has been falling for 36 weeks. That is 10.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,125 and ₹1,701, and at that close it sat 11% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Sobha Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 17 weeks running.

Over the last 11 years the share price moved +390% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 17 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: profit fell in the September 2026 quarter and revenue fell in the September 2026 quarter.

1. Profit fell in the September 2026 quarter

   Profit was ₹33 crore, -54.8% on a year earlier (₹73 crore), after 2 quarters of growth.

   Why: Profit fell because fewer homes were completed and handed over, so revenue was recognised later while fixed running costs and selling costs continued.

   Next results: check the reported core profit margin, which shows profit before some costs, and see if the recovery shows up in actual results, not just project-level gross margins.

   From the earnings call on 19 Oct 2026.

2. Revenue fell in the September 2026 quarter

   Revenue was ₹967 crore, -31.3% on a year earlier (₹1,408 crore), after 2 quarters of growth.

   Why: Revenue fell because fewer homes were completed and handed over, so the company could not book that real-estate revenue in the quarter.

   Next results: check whether completed area turns into recognised real-estate revenue.

   From the earnings call on 19 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Sobha reported revenue of ₹967 crore, down 31.3% from ₹1,408 crore a year earlier, and a profit of ₹33.0 crore, down 54.8% from ₹73.0 crore.

Sobha results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Sobha's management discussed these results on a call held on 19 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Sobha closed at ₹1,188.00 on 4 November 2026, down 30.2% from ₹1,701.20 a year earlier (7 November 2025) and up 28.4% over five years. Its highest weekly close since March 2016 was ₹2,122.99 on 14 June 2024.

Sobha share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Sobha closed at ₹1,188.00, up 5.6% on the week and down 2.1% on the month. 19 Oct 2026: Sobha held its results call for July to September 2026. Management guided: FY27 sales expected to exceed beginning-of-year guidance.

Earlier

• Results for July to September 2026: Revenue down 31.3% and profit down 54.8% on a year earlier.
• 10 Jul 2026: ex-date for a dividend of ₹6 a share.

Sobha paid ₹6 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.51% at the ₹1,188.00 close on 4 November 2026. The last was a dividend of ₹6 a share, ex-date 10 July 2026.

Sobha dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Sobha Ltd paid out 33% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 19 October 2026, Sobha's management guided: FY27 sales expected to exceed beginning-of-year guidance.

“We should be able to deliver at least 50% growth in PAT over the last financial year by the end of this financial year.”Jagadish Nangineni, Managing Director, on the call for July to September 2026

What management guided

• FY27 profit growth of at least 50% over FY26.
• H2FY27 operating margin above 15%, with improvement expected from Q3 or Q4.
• FY28 onward operating margin moving toward a higher steady-state level.
• Remainder-FY27 launches: prepared remarks cited at least 9 projects exceeding 11 msf.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 19 October 2026.

When Sobha reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Q3 reported operating margin: check whether recovery appears in reported results, not only project-level gross margins.

Sobha is on 2 of our India lists: 52 week high & low and Real estate, REIT & cement.

Sobha Ltd earned ₹33.0 Cr of net profit in the Sep 2026 quarter, −54.8% on the same quarter a year earlier. Full-year FY26 profit was ₹193 Cr. Over 10 years profit has grown 3.4% a year on average. That is 3.4% of the quarter's revenue. The same quarter a year earlier earned ₹73.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹193 Cr (+103.2% on the year before).

Why profit moved: revenue changed −31.3% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +75.5% and revenue +14.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Sobha Ltd reported ₹967 Cr of revenue in the Sep 2026 quarter, −31.3% on the same quarter a year earlier. Over 10 years it has grown 10.3% a year on average. The last full year, FY26, came in at ₹5,190 Cr. The last four reported quarters add to ₹5,176 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹5,190 Cr, +28.5% on the year before.

Recent pace: the last four quarters grew +14.0% on average, against 10.3% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +9.5%, against +30.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +27.3%, against +88.1% a year (rolling over).

Sobha Ltd's operating margin was 7.0% in the Sep 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 6.0% and 32.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.3 percentage points on the year while gross margin changed +16.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 379% of Sobha Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹430 Cr of operating cash against ₹193 Cr of profit. After ₹204 Cr of spending on assets, ₹226 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Sobha Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹5,190 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹476 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 3.1% of FY26 revenue a year.

Spending on assets: ₹476 Cr over the last 3 years, against ₹274 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹27.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Sobha Ltd's P/E is 66.5×, in the middle of its own history: higher than 65% of past readings. Its usual P/E (the middle reading) is 48.4×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.