Sobha LtdNSE:SOBHA
Current view Q1 2027
Bengaluru housebuilder that owns its own construction arm. ₹20,553 cr of homes sold sits outside the profit account awaiting occupancy certificates, carrying 30%+ project margin against the 6% reported. That margin has been promised on five straight calls since Feb 2024, and collections grew 10% against pre-sales up 76%.
Latest exchange filings last 5 · 5 after Q1 2027
- 27 Jul ’26SOBHA released Q1 FY27 earnings call transcript: sales hit Rs 3,656 crore, PAT Rs 50.7 crore. ↗
- 21 Jul ’26Audio recording of Q1 FY2027 analyst and investor conference call made available on website. ↗
- 21 Jul ’26Advertisement in Newspapers about Financial Results for the quarter ended June 30, 2026. ↗
- 20 Jul ’26Q1 FY27 investor presentation: record sales, new launches, completions, and financial highlights. ↗
- 20 Jul ’26SOBHA reported Q1 FY27 revenue up 48% and record sales of ₹3,656 crore. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q1 2027
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q1 2027
| Metric | This year vs lastYoY · vs Q1 2026 | vs the quarter beforeQoQ, sequential · vs Q4 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +50.0% | −35.7% | +16.2% | +19.7% |
| Operating profit | ▲ +225.0% | −48.7% | +2.9% | −7.8% |
| EPS | ▲ +274.8% | −44.6% | +22.9% | +25.5% |
| PAT | ▲ +264.3% | −44.6% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +50.0%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Weak40/100
Cheap, and growing fast. Profit per share grew 23% a year, while the price-tag on its earnings actually got smaller. That gap — real growth nobody has paid up for — is exactly what this score looks for.
No forward view — no multiple to re-rate toward is recorded.
At ₹1,702 the price-tag on its earnings reaches the 79× it is being projected toward — the point where being cheap against that yardstick is used up.
De-rating while below every EMA — value-trap risk, not a coiled spring.
How this is calculated
Growth rate used: 22.9% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Real Estate Developer · 6 of 92 listed
These are the industry's largest names rather than companies of its own size, so the columns are worth reading straight across — a ranking against them would only be restating the size gap.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Sobha | ₹1,224 | 56.7× | ₹13,088 Cr | 6.9% | +273.4% | +50.0% |
| DLF | ₹650 | 37.4× | ₹1.61 L Cr | 6.3% | +4.1% | −52.9% |
| Lodha Developers | ₹1,144 | 27.7× | ₹1.14 L Cr | 16.4% | +103.4% | +43.1% |
| Phoenix Mills | ₹1,907 | 52.6× | ₹68,223 Cr | 12.4% | +23.3% | +12.8% |
| Oberoi Realty | ₹1,752 | 24.1× | ₹63,703 Cr | 17.3% | +29.0% | +31.7% |
| Prestige Estates | ₹1,468 | 55.5× | ₹63,240 Cr | 10.4% | −19.4% | +15.9% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | broadly flat | operating margin 7% → 6% over 3 years |
|---|---|---|
| Did the profit turn into cash? | more than all of it — reserves released cash too | 213% last year, 199% over three · free cash flow ₹224 cr, positive in 5 of 5 years |
| Is the growth borrowed? | lightly borrowed | ₹1,057 cr — 0.22× its own equity (was 0.26×) |
| Is it being collected? | collection is steady | 19 days to collect, up 2 in a year · cash cycle 5,305 days |
| Who has been buying? | the promoters have held steady | promoters 52.9%, 52.3% → 52.9% over 2.8 years · FIIs 6.1% (−2.0) · DIIs 26.0% (+1.4) · shareholders 1,02,773 → 1,22,305 |
| What does it earn on its capital? | earns little on its capital | ROCE 6.9% · ROE 4.2% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is expected to give good quarter
- Company has delivered good profit growth of 25.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 41.7%
- Company's working capital requirements have reduced from 52.6 days to 34.7 days
Against it
- Stock is trading at 2.74 times its book value
- Company has a low return on equity of 3.15% over last 3 years.
- Earnings include an other income of Rs.196 Cr.
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.