# Sobha (SOBHA) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/sobha

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,275
- Change: -1.31%
- As of: 2026-11-06
- 1D return: -1.31%
- 5D return: +13.32%
- 1M return: +7.69%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

SOBHA closed at ₹1,275.0 on 2026-11-06, marking a -1.3% daily decline following an extreme upward volume surge (+8.7% price move, 4.78x volume ratio) on 2026-11-05. The stock is currently positioned in the upper-middle of its 20-day and 50-day ranges (+74.8%) but remains in the lower-middle of its 252-day range (+26.3%). Daily momentum indicators show an established trend (ADX 30.33) with price trading above key short-term averages (20/50 EMA/SMA) and the Supertrend, yet below the 200-period SMA. This creates a mixed signal: strong near-term positioning against a longer-term bearish structure (weekly/monthly Supertrends are bearish or neutral). A significant downward gap anomaly occurred on 2026-11-06 (-1.3% return, z-score -6.11), suggesting immediate selling pressure despite recent volatility. Risk metrics indicate high annualized volatility (+35.2%) and a current drawdown of -25.1%. Immediate support lies at the pivot level of ₹1,273.93, while resistance is clustered near ₹1,305.46 (+2.39%).

- Mixed Timeframe Structure: Price holds above daily 20/50 EMAs and Supertrend (bullish daily bias) but trades below weekly/monthly Supertrends and long-term SMAs, indicating a counter-trend rally within a broader downtrend.
- Recent Volatility Spike: An extreme upward volume-price move on 2026-11-05 (+8.7%, 4.78x volume) was followed by a severe downward gap anomaly on 2026-11-06 (-1.3% return, z-score -6.11), signaling contested momentum.
- Key Levels to Monitor: Support is tight at ₹1,273.93 (pivot) and ₹1,265.70 (low); resistance begins at ₹1,305.46 (+2.39%). A break below ₹1,273.93 could invalidate the short-term bullish positioning.
- Risk Profile: High volatility environment with +35.2% annualized volatility and a current drawdown of -25.1%; ADX confirms established daily trend strength (30.33) but weak monthly conviction (16.95).

- Inside Bar
- Evening Star
- Doji

### News Context

Sobha Limited reported record H1 FY2027 sales of ₹5,862 crores (47.2% YoY growth) and a net cash position of ₹322 crores during its October 19 conference call. Management confirmed a robust launch pipeline of approximately 12 million square feet valued at ₹18,000 crores for H2 FY27 and guided for PAT growth of at least 50% over the previous financial year. On the capital front, the company issued a final reminder for rights issue payments of ₹825.50 per share due November 10–24, with forfeiture risks for unpaid calls. Operationally, Sobha acquired the fire and safety business from SOBHA Projects and Trade Limited. A GST appeal order against the company requires payment of ₹297.59 million plus interest and penalties within 90 days; Sobha is evaluating implications and intends to appeal to GSTAT, citing no impact on operations. As of November 6, 2026, the stock closed at ₹1,275.00, trading in a bearish weekly trend despite bullish daily signals, with a current drawdown of -25.1% and annualized volatility of +35.2%.

- H1 FY2027 sales reached ₹5,862 crores (+47.2% YoY); management guides for ≥50% PAT growth and has a ₹18,000 crore launch pipeline for H2 FY27.
- Rights issue final reminder issued: ₹825.50 per share payable November 10–24, 2026, or shares face forfeiture.
- GST appeal order demands ₹297.59 million plus interest/penalties within 90 days; company plans to appeal to GSTAT but reports no operational impact.
- Stock closed at ₹1,275.00 on November 6, 2026, with a -25.1% current drawdown and +35.2% annualized volatility; weekly trend is bearish while daily indicators remain bullish.

- Sobha Limited has informed the Stock Exchange about Transcript of Conference Call held on October 19, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- SOBHA LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Sobha Limited has informed the Exchange regarding advertisement in newspapers about Final Reminder-cum-Forfeiture Notice related to Rights Issue. |SUBJECT: Copy of Newspaper Publication
- Sobha Limited has made disclosure to the stock exchange under regulation 30 of SEBI (LODR) Regulations, 2015. |SUBJECT: General Updates
- Sobha Limited has informed the Exchange regarding advertisement in newspapers about Financial Results for the quarter and half year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication

### Official Filings

Sobha Limited reported record H1 FY2027 sales of ₹5,862 crore (47.2% YoY growth) and collections of ₹4,009 crore, driven by strong demand across 3.76 million square feet sold. Despite this top-line strength, revenue declined marginally by 1% to ₹2,347 crore, and Profit After Tax (PAT) fell 2.6% to ₹840 crore. The company maintains a robust net cash position of ₹322 crore and has approved the acquisition of its fire and safety business from related party Sobha Projects and Trade Limited on an arm’s-length basis. Management guided for PAT growth of at least 50% in the subsequent year, supported by a launch pipeline of approximately 12 million square feet valued at ₹18,000 crore.

On the capital front, the company issued a final reminder for unpaid rights issue calls of ₹825.50 per share due November 10–24, 2026, with shares subject to forfeiture if unpaid. Additionally, Sobha disclosed a GST appeal order requiring payment of ₹297.59 million plus interest and penalty within 90 days; the company intends to appeal this decision to the GSTAT.

- H1 FY2027 sales reached a record ₹5,862 crore (47.2% YoY), but PAT decreased 2.6% to ₹840 crore against revenue of ₹2,347 crore.
- Board approved the slump-sale acquisition of the fire and safety division from related party SPTL on an arm’s-length basis.
- GST appeal order requires payment of ₹297.59 million plus penalties/interest within 90 days; management plans to appeal to GSTAT.
- Final reminder issued for rights issue call money of ₹825.50 per share; deadline is November 10–24, 2026, with forfeiture risk for non-payment.

- [Sobha Limited has informed the Stock Exchange about Transcript of Conference Call held on October 19, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SOBHA_26102026120508_SOBHA_Investor_Call_Transcript_Q2_FY_2027.pdf)
- [SOBHA LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2476_WebXMLFile_20261026_142303096.xml)
- [Sobha Limited has informed the Exchange regarding advertisement in newspapers about Final Reminder-cum-Forfeiture Notice related to Rights Issue. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SOBHA_24102026115125_SOBHA_NEWSPAPERPUBLICATION_FINALREMINDER.pdf)
- [Sobha Limited has made disclosure to the stock exchange under regulation 30 of SEBI (LODR) Regulations, 2015. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SOBHA_23102026223415_Sobha_Intimation_under_Regulation_30.pdf)
- [Sobha Limited has informed the Exchange regarding advertisement in newspapers about Financial Results for the quarter and half year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SOBHA_20102026121859_SOBHANewspaperAdvertisementQ2FY2027.pdf)
- [Sobha Limited has informed the Exchange regarding outcome of Board meeting held on October 19, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SOBHA_19102026174452_SOBHA_Outcome_of_Board_Meeting_Q2_FY_2027.pdf)
- [Sobha Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/SOBHA_19102026175044_SOBHA_Investor_Presentation_Q2_FY_2026-27.pdf)
- [Sobha Limited has informed the Exchange about Press Release titled Operational and Financial performance for Q2 FY 2027. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/SOBHA_19102026180048_SOBHALtd_Q2FY27_PressRelease19102026.pdf)
- [Sobha Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32 |SUBJECT: Statement of deviation(s) or variation(s) under Reg. 32](https://nsearchives.nseindia.com/corporate/SOBHA_19102026181046_SOBHA_Statement_of_Deviation__Q2_FY_2027.pdf)
- [Sobha Limited has informed the Exchange about the Monitoring Agency Report related to Rights Issue for the quarter ended September 30, 2026. |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/SOBHA_19102026181903_SOBHA_Monitoring_Agency_Report_Q2_FY27.pdf)

### Fundamentals

Sobha’s operating trajectory shows a sharp sequential deceleration in Q2 FY2026-27. Revenue from operations fell to ₹967 crore from ₹1,278 crore in Q1, while expenses decreased proportionally to ₹970 crore. This resulted in a drop in Profit Before Tax (PBT) to ₹47.1 crore and Net Profit to ₹33 crore, down from ₹50.8 crore and ₹69.3 crore respectively in the prior quarter. Despite this quarterly slowdown, the company maintains strong long-term growth fundamentals, with 5-year compounded sales and profit growth at 20% and 25% respectively. Earnings quality remains robust, evidenced by a CFO/EBITDA ratio of 213% for Mar 2026, indicating that operating profits are converting efficiently into cash.

Financial health has strengthened significantly over the past year. Total borrowings declined from ₹1,183 crore in Mar 2025 to ₹1,057 crore in Mar 2026, although they rose to ₹1,562 crore as of Sep 2026 due to increased current borrowings (₹869 crore). The balance sheet is asset-heavy, with inventories rising to ₹14,070 crore as of Sep 2026, reflecting typical real estate development cycles. Working capital efficiency improved markedly, with inventory days falling from 10,343 in Mar 2025 to 5,650 in Mar 2026. Shareholding patterns show stable promoter holding at ~52.9%, while FIIs reduced their stake slightly to 6.34%.

The key checkpoint is whether the sequential revenue decline stabilizes in Q3 and if the higher borrowing levels translate into accelerated project completions or sales recognition.

- Q2 FY2026-27 revenue declined sequentially to ₹967 crore from ₹1,278 crore in Q1, driving net profit down to ₹33 crore.
- Cash conversion remains high with CFO/EBITDA at 213% for Mar 2026, signaling strong earnings quality despite recent sales softness.
- Borrowings increased to ₹1,562 crore as of Sep 2026, driven by a rise in current borrowings to ₹869 crore, while total assets grew to ₹21,133 crore.
- Inventory days improved significantly to 5,650 in Mar 2026 from 10,343 in Mar 2025, suggesting better working capital management.

### Bear Case

Sobha’s equity setup as of 6 November 2026 reflects significant downside pressure and elevated volatility. The stock is trading at ₹1,275.0, down 1.3% on the day, with a market capitalization of approximately ₹138,146 crore. Over the trailing year, the share price has declined by 22.9%, contributing to a year-to-date loss of 12.8%. Technical indicators highlight a divergence between timeframes: while the daily trend remains bullish, the weekly trend has turned bearish, marked by a negative slope in both the 20-day and 50-day simple moving averages. The stock faces immediate resistance at ₹1,305.46 (2.39% above current levels), while support is thin, with the nearest pivot just 0.08% below at ₹1,273.93. Risk metrics are pronounced, with annualized volatility at 35.2% and a maximum drawdown of -33.9% recorded historically. The current drawdown stands at -25.1%, indicating sustained weakness relative to recent peaks.

- Annual return of -22.9% and YTD decline of -12.8% signal prolonged underperformance.
- Weekly technical trend is bearish with negative moving-average slopes, contrasting with the daily bullish signal.
- High volatility (35.2% annualized) and a current drawdown of -25.1% indicate elevated risk and instability.
- Immediate support is fragile at ₹1,273.93 (0.08% below), offering little buffer against further declines.

- [Sobha Limited has informed the Stock Exchange about Transcript of Conference Call held on October 19, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SOBHA_26102026120508_SOBHA_Investor_Call_Transcript_Q2_FY_2027.pdf)
- [SOBHA LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2476_WebXMLFile_20261026_142303096.xml)
- [Sobha Limited has informed the Exchange regarding advertisement in newspapers about Final Reminder-cum-Forfeiture Notice related to Rights Issue. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SOBHA_24102026115125_SOBHA_NEWSPAPERPUBLICATION_FINALREMINDER.pdf)
- [Sobha Limited has made disclosure to the stock exchange under regulation 30 of SEBI (LODR) Regulations, 2015. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SOBHA_23102026223415_Sobha_Intimation_under_Regulation_30.pdf)
- [Sobha Limited has informed the Exchange regarding advertisement in newspapers about Financial Results for the quarter and half year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SOBHA_20102026121859_SOBHANewspaperAdvertisementQ2FY2027.pdf)
- [Sobha Limited has informed the Exchange regarding outcome of Board meeting held on October 19, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SOBHA_19102026174452_SOBHA_Outcome_of_Board_Meeting_Q2_FY_2027.pdf)
- [Sobha Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/SOBHA_19102026175044_SOBHA_Investor_Presentation_Q2_FY_2026-27.pdf)
- [Sobha Limited has informed the Exchange about Press Release titled Operational and Financial performance for Q2 FY 2027. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/SOBHA_19102026180048_SOBHALtd_Q2FY27_PressRelease19102026.pdf)
- [Sobha Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32 |SUBJECT: Statement of deviation(s) or variation(s) under Reg. 32](https://nsearchives.nseindia.com/corporate/SOBHA_19102026181046_SOBHA_Statement_of_Deviation__Q2_FY_2027.pdf)
- [Sobha Limited has informed the Exchange about the Monitoring Agency Report related to Rights Issue for the quarter ended September 30, 2026. |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/SOBHA_19102026181903_SOBHA_Monitoring_Agency_Report_Q2_FY27.pdf)

### FAQs

**What were Sobha's key financial results for H1 FY2027, and what growth guidance has management provided?**

For the half year ended September 30, 2026, Sobha reported a record sales value of ₹5,862 crores, representing 47.2% year-on-year growth. The company maintained a net cash position of ₹322 crores. Management guided for Profit After Tax (PAT) growth of at least 50% over the previous financial year.

**What is the status of Sobha's Rights Issue and any associated payment deadlines?**

A Final Reminder-cum-Forfeiture Notice was published on October 24, 2026, requiring holders of partly paid-up shares to pay ₹825.50 per share (comprising ₹5.00 face value and ₹820.50 securities premium). Payment must be made between November 10 and November 24, 2026; otherwise, the shares may be forfeited.

**How does Sobha plan to support future revenue, and are there any pending legal liabilities?**

Management confirmed a robust launch pipeline of approximately 12 million square feet valued at ₹18,000 crores for H2 FY27. On the legal front, a GST appeal order requires payment of ₹297.59 million plus interest and penalty within 90 days. Sobha intends to appeal this to the GSTAT and reports no impact on operations.

**What is the current technical trend and price performance for Sobha stock?**

As of November 6, 2026, the daily technical trend is bullish with the stock closing at ₹1,275.00. However, the weekly trend remains bearish. Year-to-date returns are -12.8%, and the stock is currently in a -25.1% drawdown from its peak, with an annualized volatility of +35.2%.

- [Sobha Limited has informed the Stock Exchange about Transcript of Conference Call held on October 19, 2026. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/SOBHA_26102026120508_SOBHA_Investor_Call_Transcript_Q2_FY_2027.pdf)
- [SOBHA LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2476_WebXMLFile_20261026_142303096.xml)
- [Sobha Limited has informed the Exchange regarding advertisement in newspapers about Final Reminder-cum-Forfeiture Notice related to Rights Issue. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SOBHA_24102026115125_SOBHA_NEWSPAPERPUBLICATION_FINALREMINDER.pdf)
- [Sobha Limited has made disclosure to the stock exchange under regulation 30 of SEBI (LODR) Regulations, 2015. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/SOBHA_23102026223415_Sobha_Intimation_under_Regulation_30.pdf)
- [Sobha Limited has informed the Exchange regarding advertisement in newspapers about Financial Results for the quarter and half year ended September 30, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/SOBHA_20102026121859_SOBHANewspaperAdvertisementQ2FY2027.pdf)
- [Sobha Limited has informed the Exchange regarding outcome of Board meeting held on October 19, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/SOBHA_19102026174452_SOBHA_Outcome_of_Board_Meeting_Q2_FY_2027.pdf)
- [Sobha Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/SOBHA_19102026175044_SOBHA_Investor_Presentation_Q2_FY_2026-27.pdf)
- [Sobha Limited has informed the Exchange about Press Release titled Operational and Financial performance for Q2 FY 2027. |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/SOBHA_19102026180048_SOBHALtd_Q2FY27_PressRelease19102026.pdf)
- [Sobha Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32 |SUBJECT: Statement of deviation(s) or variation(s) under Reg. 32](https://nsearchives.nseindia.com/corporate/SOBHA_19102026181046_SOBHA_Statement_of_Deviation__Q2_FY_2027.pdf)
- [Sobha Limited has informed the Exchange about the Monitoring Agency Report related to Rights Issue for the quarter ended September 30, 2026. |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/SOBHA_19102026181903_SOBHA_Monitoring_Agency_Report_Q2_FY27.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,273.93
- Risk regime: Price Risk Requires Attention

### Support levels
- 1265.698828125
- 1198.7
- 1175.1374999999998

### Resistance levels
- 1305.4625
- 1335.759375
- 1396.69140625

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.31% |
| return_10 | +8.66% |
| return_1m | +7.08% |
| return_1y | -22.93% |
| return_20 | +7.69% |
| return_3m | -5.97% |
| return_5 | +13.32% |
| return_6m | -12.18% |
| return_since_start | -18.94% |
| return_ytd | -12.84% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -33.86% |
| annualized_volatility | +35.22% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Sobha Limited FY2026-27 Q2: Revenue down 31% year on year

Sobha Limited’s consolidated revenue from operations fell 31% year on year and 24% quarter on quarter to ₹967 crore in FY2026-27 Q2. Profit before tax declined 52% year on year to ₹47 crore, while profit for the period fell 55% to ₹33 crore. At 30 September 2026, inventory was ₹14,070 crore and current borrowings were ₹869 crore, both higher than at 31 March 2026.

## Revenue and profit declined from both comparison periods

Revenue from operations was ₹967 crore, compared with ₹1,278 crore in FY2026-27 Q1 and ₹1,408 crore in FY2025-26 Q2. Total income was ₹1,017 crore, down 24% quarter on quarter and 31% year on year.

Expenses declined 23% quarter on quarter to ₹970 crore. Profit before tax was ₹47 crore, down from ₹69 crore in FY2026-27 Q1 and ₹99 crore in FY2025-26 Q2. Profit for the period was ₹33 crore, versus ₹51 crore and ₹73 crore, respectively. Basic EPS from continuing operations was ₹3.08, compared with ₹4.75 in the preceding quarter and ₹6.78 a year earlier.

## Unallocable expenditure and finance costs increased

Other unallocable expenditure, net of unallocable income, rose 42% quarter on quarter to ₹98 crore from ₹69 crore. Finance costs increased 25% to ₹40 crore from ₹32 crore. Segment profit before tax was ₹47 crore, down 32% from ₹69 crore in FY2026-27 Q1.

## Inventory and borrowings increased

Inventory stood at ₹14,070 crore as at 30 September 2026, compared with ₹12,826 crore at 31 March 2026 and ₹12,106 crore at 30 September 2025. Current assets were ₹17,885 crore at the reporting date.

Current borrowings rose to ₹869 crore from ₹595 crore at 31 March 2026 and ₹403 crore at 30 September 2025. Noncurrent borrowings were ₹636 crore, up from ₹407 crore at 31 March 2026 and ₹608 crore a year earlier. Total equity was ₹4,736 crore, compared with ₹4,720 crore at 31 March 2026.

## Key Takeaway

Revenue and profit fell both sequentially and year on year, while inventory and current borrowings increased from their 31 March 2026 levels. The higher inventory and short-term borrowing are notable balance-sheet changes alongside the weaker quarterly earnings.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +52.88%
- FII holding: +6.12%
- DII holding: +25.99%
- Mutual fund holding: +24.43%
- Retail holding: +7.44%
- Promoter pledged: +0.00%

### Major reported shareholders

- Sobha Menon — +30.63%
- P N C Menon — +18.84%
- Bandhan Small Cap Fund — +7.33%
- Anamudi Real Estates Llp — +5.56% (LLP)
- Franklin India Focused Equity Fund — +4.34%
- Ravi P N C Menon — +3.36%
- Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Flexi Cap Fund — +3.04%
- Hsbc Mutual Fund - Hsbc Value Fund — +2.33%
- Icici Prudential Multicap Fund — +2.08%
- Mirae Asset Large Cap Fund — +1.82%

## Official filings

- 2026-10-26 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_26102026120508_SOBHA_Investor_Call_Transcript_Q2_FY_2027.pdf)
- 2026-10-26 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2476_WebXMLFile_20261026_142303096.xml)
- 2026-10-24 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_24102026115125_SOBHA_NEWSPAPERPUBLICATION_FINALREMINDER.pdf)
- 2026-10-23 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_23102026223415_Sobha_Intimation_under_Regulation_30.pdf)
- 2026-10-20 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_20102026121859_SOBHANewspaperAdvertisementQ2FY2027.pdf)
- 2026-10-19 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_19102026174452_SOBHA_Outcome_of_Board_Meeting_Q2_FY_2027.pdf)
- 2026-10-19 — Earnings Presentation: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_19102026175044_SOBHA_Investor_Presentation_Q2_FY_2026-27.pdf)
- 2026-10-19 — Press Release: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_19102026180048_SOBHALtd_Q2FY27_PressRelease19102026.pdf)
- 2026-10-19 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_19102026181046_SOBHA_Statement_of_Deviation__Q2_FY_2027.pdf)
- 2026-10-19 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_19102026181903_SOBHA_Monitoring_Agency_Report_Q2_FY27.pdf)
- 2026-10-19 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2476_WebXMLFile_20261019_182824910.xml)
- 2026-10-19 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_19102026183921_Sobha_Final_Reminder_cum_forfeiture_Notice.pdf)
- 2026-10-19 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_19102026204029_SOBHA_AudioRecordingConcall_Q2FY2027.pdf)
- 2026-10-19 — Financial Results Filing: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1742091_19102026084816_WEB.xml)
- 2026-10-19 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2476_WebXMLFile_20261019_204803799.xml)
- 2026-10-19 — Financial Results Filing: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1742090_19102026084811_WEB.xml)
- 2026-10-13 — Shareholding Disclosure: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1736649_13102026122918_WEB.xml)
- 2026-10-13 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_13102026124324_Sobha_Q2FY27_Concall_Intimation.pdf)
- 2026-10-13 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2476_WebXMLFile_20261013_124824350.xml)
- 2026-10-12 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2476_WebXMLFile_20261012_174821115.xml)
- 2026-10-12 — Board Meeting Notice: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2476_WebXMLFile_20261012_174821115.xml)
- 2026-10-12 — Board Meeting Notice: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_12102026174843_Intimation_of_BM_19102026.pdf)
- 2026-10-08 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_08102026172603_Sobha_Reg-_74_5_.pdf)
- 2026-10-02 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SOBHA_02102026180646_SOBHA_Operational_Update_Q2_FY_2027.pdf)
- 2026-09-25 — Generic Announcement: Sobha Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2476_WebXMLFile_20260925_154906425.xml)

## News and market events

- 2026-10-21 — MONEYCONTROL: **Buy Sobha; target of Rs 1710: Motilal Oswal** — Motilal Oswal, Sobha, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-sobha-target-of-rs-1710-motilal-oswal-14056617.html)
- 2026-10-21 — MONEYCONTROL: **Buy Sobha; target of Rs 1900: Emkay Global Financial** — Emkay Global Financial, Sobha, Recommendations, buy — [Source](https://www.moneycontrol.com/news/business/stocks/buy-sobha-target-of-rs-1900-emkay-global-financial-3-14056543.html)
- 2026-10-21 — MONEYCONTROL: **Buzzing Stocks: Infosys jumps 2% on Truist collaboration; Sobha, SML Mahindra, Just Dial fall 3-8% after Q2 earnings** — Buzzing Stocks,Buzzing Stocks today — [Source](https://www.moneycontrol.com/news/business/markets/buzzing-stocks-infosys-jumps-2-on-truist-collaboration-sobha-sml-mahindra-just-dial-fall-3-8-after-q2-earnings-14056273.html)
- 2026-10-20 — CNBC-TV18: **Nifty Outlook for October 21: Higher oil prices dampen index recovery; focus back at lower levels** — The Nifty Bank too has closed very near to its near-term support zone of 55,500 and in case there happens to be sustained selling below that mark, it can take the index back down to 55,000 or even 54,500 on the downside. Any potential recovery on the upside could encounter hurdles at 56,000. — [Source](https://www.cnbctv18.com/market/trade-setup-nifty-prediction-outlook-october-21-jio-platforms-ipo-banks-higher-crude-key-levels-20015526.htm)
- 2026-10-19 — CNBC-TV18: **Sobha Q2 Results: Profit nearly halves to ₹33 crore, revenue drops 31%** — Sobha reported a net profit of ₹33 crore for the September quarter, while revenue fell to ₹967 crore. The real estate developer also disclosed a ₹296 crore contractual dispute involving a subsidiary. — [Source](https://www.cnbctv18.com/market/sobha-share-price-q2-results-profit-nearly-halves-rs-33-crore-revenue-20015213.htm)
- 2026-10-19 — The Hindu: **Sobha Ltd Q2 profit drops 55% to ₹33 crore** — During the first six months of FY27, Sobha Ltd's net profit fell to ₹83.80 crore from ₹86.14 crore in the year-ago period — [Source](https://www.thehindubusinessline.com/companies/sobha-ltd-q2-profit-drops-55-to-33-crore/article71602825.ece)
- 2026-10-19 — IANSLIVE.IN: **Sobha Q2 profit slumps 55 pc, revenue declines 31 pc** — Mumbai, Oct 19 (IANS) Realty developer Sobha Limited on Monday reported a sharp decline in earnings for the quarter ended September (Q2 FY27), with net profit falling nearly 55 per cent year-on-year amid lower revenue. — [Source](https://ianslive.in/sobha-q2-profit-slumps-55-pc-revenue-declines-31-pc--20261019190340)
- 2026-10-09 — BUSINESSTODAY: **Sobha shares: 57% upside! Antique maintains Buy, shares target price** — Sobha Ltd, Sobha share price, Sobha stock, Antique Stock Broking, Buy rating, share price target, H1 FY27 pre-sales, real estate stocks, pre-sales growth, project launches, operating cash flow, real estate sector — [Source](https://www.businesstoday.in/markets/stocks/story/sobha-shares-57-upside-antique-maintains-buy-shares-target-price-560550-2026-10-09)
- 2026-10-05 — Mint: **Sobha set to beat FY27 pre-sales guidance after a record first-half | Stock Market News** — Sobha has met 59% of its FY27 guidance in the first half and is poised to exceed the full-year target with strong project launches lined up. — [Source](https://www.livemint.com/market/mark-to-market/sobha-q2fy27-presales-real-estate-bengaluru-guidance-11791180382945.html)
- 2026-09-28 — Economic Times: **After home run, South and West developers tap NCR to drive growth** — The NCR region is rapidly becoming a strategic playground for real estate developers hailing from South and West India, spurring significant growth ventures. Renowned brands such as Prestige Group and Sobha are poised to make their mark amidst fierce competition, taking advantage of burgeoning opportunities. With buyers placing a premium on developer credibility and quality, the landscape is shifting. — [Source](https://economictimes.indiatimes.com/industry/services/property-/-cstruction/after-home-run-south-and-west-developers-tap-ncr-to-drive-growth/articleshow/134530759.cms)
- 2026-09-23 — BUSINESS: **Market near day's high; realty shares climb** — Realty shares witnessed buying demand for six consecutive trading sessions. — [Source](https://www.business-standard.com/markets/capital-market-news/market-near-day-s-high-realty-shares-climb-126092300479_1.html)
- 2026-09-23 — Mint: **Realty stock falls 12% in 2026, but Emkay sees 56% upside on strong growth | Do you own? Check target price, rationale** — Shares of Sobha Limited rebounded from an intraday low after a positive trading session. The company aims to exceed  ₹100 billion in pre-sales by FY 2026-27, with a forecasted 56% upside. — [Source](https://www.livemint.com/market/stock-market-news/realty-stock-falls-12-in-2026-but-emkay-sees-55-upside-on-strong-growth-do-you-own-check-target-price-rationale-11790135913009.html)
- 2026-09-22 — MONEYCONTROL: **Buy Sobha; target of Rs 1900: Emkay Global Financial** — Emkay Global Financial, Sobha, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-sobha-target-of-rs-1900-emkay-global-financial-2-14035067.html)
- 2026-09-11 — FREEPRESSJOURNAL.IN: **Mumbai Beckons: Why India’s Leading Developers Are Expanding Into The Country’s Most Competitive Real Estate Market** — Mumbai’s luxury housing demand and redevelopment potential are attracting leading national developers. Luxury homes priced at Rs 10 crore and above recorded Rs 18,512 crore in sales in H1 2026, while redevelopment is unlocking new supply. Developers are increasingly using JVs, partnerships and development agreements to enter the market. — [Source](https://www.freepressjournal.in/mumbai/mumbai-beckons-why-indias-leading-developers-are-expanding-into-the-countrys-most-competitive-real-estate-market)
- 2026-08-23 — Economic Times: **Sales bookings of 28 major listed realty firms fall 21% to Rs 40,000 crore in Apr-Jun; Godrej tops chart** — A recent analysis revealed that leading Indian real estate firms experienced a twenty-one percent decline in sales bookings, primarily due to a reduction in housing project launches amid ongoing global economic challenges. Godrej Properties took the lead as the top developer based on sales figures. While numerous companies reported increases, others struggled significantly. Analysts expect a rebound in sales may begin in the second quarter. — [Source](https://economictimes.indiatimes.com/industry/services/property-/-cstruction/sales-bookings-of-28-major-listed-realty-firms-fall-21-to-rs-40000-crore-in-apr-jun-godrej-tops-chart/articleshow/133437603.cms)
- 2026-08-04 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: Nifty Realty down 2%; Prestige Estate, Oberoi Realty top losers** — Stock Market LIVE Updates: Today's session is not only the weekly options expiry session for the Nifty 50 contracts, but is also set to see supply of paper worth nearly ₹36,000 crore, which includes the mega LIC Offer for Sale (OFS). Earnings season is drawing to a close and therefore, companies are making a beeline to report numbers as well. Adding to that is the confusion surrounding the Closing Auction Session. Watch this space for all the LIVE stock market updates. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-banks-midcaps-lic-paytm-meesho-kalyan-arvind-bharti-bse-share-price-liveblog-19960944.htm)
- 2026-07-23 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty around 23,950; Cipla down 1% after results** — Sensex Today | Stock Market LIVE Updates:  The markets have managed to recover from the lows of the day, however, the benchmark indices remain in red. The Nifty is down over 50 points and is aiming to reclaim the 24,000 mark. The Nifty Bank is down around 500 points, dropping to 56,600. Dr Reddy's Nestle and Shriram Fin are the top laggards. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-crude-hpcl-drl-indusind-eternal-infosys-sona-blw-share-price-liveblog-19951892.htm)
- 2026-07-21 — The Hindu: **Sensex today | Stock Market Live: Sensex drops 250 pts, Nifty below 24,200; HDFC Bank lead losers** — Sensex, Nifty, Share Prices LIVE: At 11.03 am, Sensex traded 212.51 pts or 0.27% lower at 77,496.01; and Nifty 50 dipped 46.05 pts or 0.19% to 24,192.45. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-21st-may-2026/article71245381.ece)
- 2026-07-21 — Mint: **Multibagger realty stock Sobha share price jumps 7%, then wipes out gains despite 292% profit surge in Q1 results** — Sobha share price fluctuated, gaining 4% in one month but dropping 13% yearly. Q1 FY27 reported a 292% net profit surge, with robust operations and a  ₹1,000 crore NCD issuance plan. — [Source](https://www.livemint.com/market/stock-market-news/multibagger-realty-stock-sobha-share-price-jumps-7-then-wipes-out-gains-despite-292-profit-surge-in-q1-results-11784607179715.html)
- 2026-07-21 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty remains volatile; Karur Vysya Bk up 10%** — Sensex Today | Stock Market LIVE Updates: The markets are moving with extreme caution, and the Nifty is trading around 24,250 with limited movement. The Nifty Bank is also relatively flat with a positive bias and has touched the 58,000 mark. Tech Mahindra, IndiGo and Ultratech are the top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-expiry-today-hdfc-bank-bajaj-auto-paytm-ather-midcaps-share-price-liveblog-19950047.htm)
- 2026-07-21 — The Hindu: **Q1 Results Today Live: Bajaj Auto, Granules, Adani Energy, TVS Motor, ATGL, CRISIL, Mastek, IndiaMART, Cyient DLM, Sagility, Canara Robeco to announce Q1 results, UltraTech, Paytm, IOB, KVB, Sobha in focus** — Q1 Results Today, 21st July 2026 Live Updates: Catch live updates — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-bajaj-auto-adani-energy-tvs-motor-atgl-tvs-holdings-crisil-mastek-indiamart-abslamc-ultratech-paytm-iob-kvb-sobha-sagility-cyient-dlm-results-21-july-2026/article71244506.ece)
- 2026-07-21 — Mint: **Stocks to watch: Bajaj Auto, Adani Energy, Paytm among shares in focus today; check list here** — Stock market today: Gift Nifty was trading near the 24,154 mark, down over 105 points from the previous close of Nifty futures. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-watch-bajaj-auto-adani-energy-paytm-among-shares-in-focus-today-check-list-here-11784599165925.html)
- 2026-07-21 — CNBC-TV18: **Q1 Results LIVE Updates: Paytm, Sobha react to results; Bajaj Auto, TVS, M&M Fin report today** — Q1 Results LIVE Updates: Nifty 50 company Bajaj Auto is reporting its earnings today. TVS Motor, M&M Financial, Aavas Financiers, Indian Hotels, AB Sunlife AMC, Adani Energy, Arvind Fashions, Bandhan Bank, Adani Total, Canara Robeco AMC, Cyient DLM, Crisil, Gabriel India, Hatsun Agro, Granules India, Indiamart, Mastek, JSW Infra, Mastek, NIIT, Medplus Health, Sagility, Sunteck Realty, Welspun Specialty, Trident, are among the other incoming results today. Paytm, Canara HSBC Life among others react to their results as well. Watch this space for all the LIVE Q1 updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-bajaj-auto-paytm-tvs-mm-fin-bandhan-indian-hotels-adani-rallis-indiamart-cyient-dlm-share-price-liveblog-19950068.htm)

## Business profile

**Strategic vision:** Indian real estate developer with integrated project development.

### Business segments
- **Residential Development:** This forms a significant part of Sobha's portfolio, encompassing luxury apartments, villas, and plotted developments undertaken in numerous cities across India.
- **Commercial Development:** Sobha develops commercial properties, including shopping malls and other retail, co-working, office, and entertainment spaces.
- **Contracting:** The contracting division provides end-to-end business services for corporate clients, covering design, civil, structural, MEP, interiors, and landscape development.
- **Manufacturing:** Through backward integration, Sobha's manufacturing units produce high-quality materials like precast concrete, metalwork, and glazing, serving internal needs and external entities.

### Competitive strengths
- In-house control over key aspects of real estate development through a backward-integrated business model.
- Manufacturing units that produce essential building materials and components for internal use and external sales.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/sobha
Markdown representation: https://faxioms.com/stocks/sobha?render=md