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SOBHA - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.2

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 3.2

Stock Code SOBHA Market Cap 13,832 Cr. Current Price 1,294 ₹ High / Low 1,732 ₹
Stock P/E 60.0 Book Value 424 ₹ Dividend Yield 0.23 % ROCE 6.98 %
ROE 3.31 % Face Value 10.0 ₹ DMA 50 1,419 ₹ DMA 200 1,472 ₹
Chg in FII Hold -0.15 % Chg in DII Hold -0.26 % PAT Qtr 30.7 Cr. PAT Prev Qtr 104 Cr.
RSI 38.2 MACD -50.5 Volume 99,981 Avg Vol 1Wk 1,58,901
Low price 1,075 ₹ High price 1,732 ₹ PEG Ratio -7.60 Debt to equity 0.23
52w Index 33.2 % Qtr Profit Var 11.4 % EPS 21.6 ₹ Industry PE 25.5

📊 Financial Overview

  • Revenue & Profit Growth: Quarterly PAT fell sharply from ₹104 Cr. to ₹30.7 Cr., showing weak momentum.
  • Margins: ROE at 3.31% and ROCE at 6.98% → poor efficiency.
  • Debt: Debt-to-equity ratio of 0.23 → low leverage, balance sheet stable.
  • Cash Flow: Stable but pressured by declining profits.
  • Return Metrics: EPS at ₹21.6, modest earnings power.

💹 Valuation Indicators

  • P/E Ratio: 60.0 vs Industry PE of 25.5 → highly overvalued.
  • P/B Ratio: Price ₹1,294 / Book Value ₹424 ≈ 3.05.
  • PEG Ratio: -7.60 → negative, reflecting weak growth outlook.
  • Intrinsic Value: Current valuation stretched, limited margin of safety.

🏢 Business Model & Competitive Advantage

  • Operates in real estate and property development.
  • Competitive advantage lies in brand recognition and premium projects.
  • Challenges include cyclical demand, margin pressures, and weak profitability.

📈 Entry Zone Recommendation

  • Technicals: RSI at 38.2 (oversold), MACD negative, price below 50DMA (1,419) and 200DMA (1,472).
  • Entry Zone: Attractive accumulation near ₹1,200–1,250 for long-term investors.
  • Holding Guidance: Suitable for patient investors; long-term holding depends on earnings recovery and demand stability.


✅ Positive

  • Low debt-to-equity ratio (0.23).
  • Strong brand presence in real estate sector.
  • RSI oversold, potential for technical rebound.

⚠️ Limitation

  • Quarterly PAT declined significantly.
  • Weak ROE (3.31%) and ROCE (6.98%).
  • High P/E (60.0) compared to industry average (25.5).
  • Dividend yield low at 0.23%.

📉 Company Negative News

  • PAT dropped from ₹104 Cr. to ₹30.7 Cr.
  • FII holdings decreased (-0.15%).
  • DII holdings decreased (-0.26%).
  • Stock corrected from ₹1,732 to ₹1,294.

📈 Company Positive News

  • Quarterly profit variation shows 11.4% improvement YoY despite sequential decline.
  • RSI oversold may attract value investors.
  • Low debt enhances financial stability.

🌐 Industry

  • Real estate industry is cyclical but benefits from urbanization and housing demand.
  • Industry PE at 25.5 indicates sector trades at lower valuations compared to SOBHA.
  • Government infrastructure push supports long-term opportunities.

🔎 Conclusion

  • SOBHA shows brand strength and low debt but suffers from weak profitability and high valuation.
  • Valuations are stretched, limiting near-term upside.
  • Best considered for long-term investors with entry near ₹1,200–1,250; holding depends on earnings recovery and demand growth.

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