Sobha (NSE:SOBHA) Construction In Progress: ₹9,615 Mil (As of Mar. 2026)


NSE:SOBHA Sobha Ltd NSE:SOBHA
84 GF Score
Price ₹1,442.90
GF Value ₹1,782.91
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Sobha Construction In Progress?

Sobha NSE:SOBHA +0.58% 84 Construction In Progress is ₹9,615 Mil as of Mar. 2026. GuruFocus rates NSE:SOBHA with a GF Score™ of 84/100 and a GF Value™ of ₹1,782.91 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Sobha's quarterly construction in progress stayed the same from Sep. 2025 (₹0 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹9,615 Mil).

Sobha's annual construction in progress declined from Mar. 2024 (₹9,115 Mil) to Mar. 2025 (₹8,440 Mil) but then increased from Mar. 2025 (₹8,440 Mil) to Mar. 2026 (₹9,615 Mil).

Sobha Construction In Progress Historical Data

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The historical data trend for Sobha's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sobha Construction In Progress Chart

Sobha Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,376.18 9,021.93 9,115.49 8,439.68 9,615.08

Sobha Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8,439.68 0.00 0.00 0.00 9,615.08
NSE:SOBHA
84GF Score
Sobha Ltd NSE:SOBHA
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Sobha Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹9,615 Mil mean?
Sobha (NSE:SOBHA) has a Construction In Progress of ₹9,615 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Sobha and its competitors.
Is Sobha's Construction In Progress too high?
Sobha's current Construction In Progress is ₹9,615 Mil. Overall, Sobha has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sobha's Construction In Progress compare to competitors?
Sobha's Construction In Progress of ₹9,615 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Real Estate company?
A good Construction In Progress depends on the Real Estate industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Sobha and its competitors. Sobha's current Construction In Progress is ₹9,615 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sobha stock overvalued right now?
Based on GuruFocus' analysis, Sobha (NSE:SOBHA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,782.91, compared to a current price of ₹1,442.90 — trading 19.1% below its estimated fair value. The current Construction In Progress is ₹9,615 Mil. Sobha's overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Sobha (NSE:SOBHA), the current Construction In Progress is ₹9,615 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sobha (NSE:SOBHA) Overvalued in 2026?

Based on GuruFocus' analysis, Sobha stock appears to be undervalued. The current stock price of ₹1,442.90 is trading 19.1% below its estimated GF Value™ of ₹1,782.91. GuruFocus considers Sobha to be Modestly Undervalued.

Key valuation signals for NSE:SOBHA:

  • Construction In Progress: ₹9,615 Mil
  • GF Value™: ₹1,782.91 vs. price of ₹1,442.90 (19.1% below fair value)
  • GF Score™: 84/100 with 4 warning signs

No single metric tells the full story. See the NSE:SOBHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sobha Business Description

Other Exchanges 532784:India
Address Sarjapur - Marathahalli, Outer Ring Road, Devarabisanahalli, Bellandur Post, Bengaluru, KA, IND, 560103
Sobha Ltd is engaged in the real estate business. The company is engaged in the development and construction of properties. The company is operating in two segments: The Real estate segment and the Contractual and manufacturing segment. The Real Estate segment (RE) is into the development, sale, management, and operation of all or any part of townships, and housing projects, also includes leasing of self-owned commercial premises. The Contractual and Manufacturing Segment (CM) is into the development of commercial premises and other related activities, also including manufacturing activities related to interiors, glazing, metal works, and concrete products. It generates maximum revenue from the Real Estate segment.
84GF Score

Get the complete analysis for NSE:SOBHA

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,442.90
Price
₹1,782.91
GF Value