DLF Ltd.

•

dlf.inBSE: 532868NSE: DLF

Market Cap₹ 1,62,479 Cr.

Current Price

High / Low₹ 795 / 489

Stock P/E43.0

Book Value₹ 128

Price to Book3.95

Dividend Yield1.22 %

ROCE14.4 %

ROE12.3 %

Face Value₹ 2

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

View full sector analysis →

PROS

Company has delivered good profit growth of 28.9% CAGR over last 5 years
Company is almost debt free
Latest quarter profit grew 62.3% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.80x)
Company has been maintaining a healthy dividend payout of 52.8%

CONS

Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (61.4% of PBT)
Company has a low return on capital employed of 9.2%
Company has a low return on equity of 7.3% over last 3 years
Operating margins have contracted to 42.6% from 78.8%
Company has delivered a poor sales growth of 0.3% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY NEXT 50 NIFTYLARGEMIDCAP250 NIFTY CONSUMPTION NIFTY100 EQL WGT NIFTY TOTAL MKT

S.No.	Name
1.	DLF	656.40	36.55	162479.46	1.22	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1165.45	28.23	116454.47	0.36	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1897.90	53.03	67883.68	0.13	394.51	22.95	1074.94	12.80	15.41	59.77
4.	PRESTIGE	1541.85	58.31	66412.14	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1796.30	24.84	65313.87	0.45	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1860.00	35.01	56028.13	0.54	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	613.40	38.15	22074.85	0.16	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	662.00	31.08	21598.36	0.23	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1341.65	113.30	14985.65	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1228.35	56.96	13137.67	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	785.75	10.59	11054.40	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	MAXESTATES	547.20	774.04	8950.27	0.00	8.35	-30.00	51.91	0.86	2.05	15.65

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	841	695	797	909	405	904	937	2,236	468	647	563	2,307	257
	574	484	496	640	496	759	722	1,240	482	542	460	763	392
Operating Profit	267	210	301	269	-90	145	215	996	-14	104	103	1,544	-135
OPM %	31.76%	30.29%	37.78%	29.58%	-22.32%	16.01%	22.94%	44.55%	-3.05%	16.10%	18.23%	66.94%	-52.71%
	59	101	320	355	198	184	15	823	142	1,170	291	1,363	223
Interest	74	70	66	76	85	82	81	89	63	43	25	8	5
Depreciation	18	17	17	17	18	18	19	19	15	11	12	31	16
Profit before Tax	234	224	538	531	5	229	130	1,711	49	1,219	356	2,868	87
Tax %	25.15%	24.42%	13.85%	16.52%	15.96%	15.93%	228.03%	9.47%	18.57%	16.89%	16.88%	16.30%	25.09%
Net Profit	175	169	464	443	4	192	-166	1,549	40	1,013	296	2,401	65
	0.71	0.68	1.88	1.78	0.02	0.77	-0.67	6.26	0.16	4.10	1.19	9.70	0.26

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,704	3,056	3,295	2,370	3,929	4,054	3,979	3,243	4,482	3,984	3,774
	2,204	2,028	2,085	1,948	2,399	2,234	2,038	2,195	3,221	2,253	2,158
Operating Profit	1,500	1,028	1,211	422	1,530	1,819	1,941	1,048	1,261	1,731	1,616
OPM %	40.51%	33.64%	36.74%	17.80%	38.95%	44.88%	48.78%	32.31%	28.13%	43.45%	42.82%
	715	673	420	3,731	505	368	1,194	835	1,223	2,970	3,046
Interest	1,236	1,023	740	590	575	436	321	286	338	141	81
Depreciation	99	132	125	96	83	77	76	70	73	70	70
Profit before Tax	880	545	766	3,466	1,378	1,675	2,739	1,527	2,072	4,491	4,531
Tax %	32.24%	33.05%	10.20%	34.67%	23.56%	20.29%	15.63%	18.06%	23.89%	16.54%	16.67%
Net Profit	597	365	688	2,264	1,053	1,335	2,311	1,251	1,577	3,748	3,776
EPS	3.34	1.93	3.13	9.24	4.26	5.39	9.34	5.05	6.37	15.14	—
Dividend Payout %	59.81%	97.70%	64.20%	21.86%	46.99%	55.61%	42.85%	98.92%	94.15%	52.84%	—

COMPOUNDED SALES GROWTH

10 Years:: 1%
5 Years:: 0%
3 Years:: 0%

COMPOUNDED PROFIT GROWTH

10 Years:: 10%
5 Years:: 29%
3 Years:: 17%

STOCK PRICE CAGR

10 Years:: 16%
5 Years:: 15%
3 Years:: 7%
1 Year:: -13%

RETURN ON EQUITY

10 Years:: 6%
5 Years:: 7%
3 Years:: 7%
Last Year:: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	357	357	441	495	495	495	495	495	495	495
	14,331	22,315	21,888	26,310	25,894	26,735	28,309	28,570	28,834	31,093
	10,074	6,746	5,334	7,209	6,378	4,666	4,038	4,189	3,145	1,006
Trade Payables	606	822	721	717	960	1,126	1,058	1,100	1,431	1,008
	1,490	1,083	5,097	4,959	3,591	2,373	1,890	2,716	8,717	15,735
Total Liabilities	26,858	31,323	33,481	39,689	37,318	35,394	35,790	37,069	42,622	49,336
	528	472	438	523	425	378	341	304	298	287
Capital Work in Progress	28	15	19	0	0	111	155	0	0	1
	7,335	10,201	9,628	14,758	19,721	19,996	19,896	19,484	19,498	18,890
	9,673	9,732	11,357	10,688	11,673	10,671	9,791	10,329	11,025	12,344
	0	0	0	0	0	0	0	84	214	1,353
Cash & Bank	923	1,009	3,613	1,715	706	249	684	1,492	2,517	5,688
	8,371	9,895	8,426	12,007	4,793	3,989	4,924	5,375	9,070	10,773
Total Assets	26,858	31,323	33,481	39,689	37,318	35,394	35,790	37,069	42,622	49,336

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-570	81	756	53	738	1,801	1,676	1,090	4,688	6,073
Cash from Investing	2,103	-3,939	1,192	-4,849	-256	210	31	180	-3,077	410
Cash from Financing	-1,536	3,991	803	2,617	-1,345	-2,547	-1,715	-1,029	-1,705	-4,894
	-130	83	2,651	-2,212	-716	-482	-91	240	-95	1,589

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.08	74.08	74.08	74.08	74.08	74.08	74.08	74.08
	16.66	16.37	16.27	15.97	15.45	14.81	13.54	12.31
	4.66	4.87	4.72	5.01	5.21	5.78	6.93	8.01
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	4.62	4.69	4.94	4.94	5.26	5.34	5.45	5.60

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-18

Acquisition

2026-08-18 - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - Transcript of earnings call for Q1 FY27

2026-08-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-04 - Audio/ Video recording for Earnings Call on Un-audited Financial Results of the Company for Q1FY27

2026-08-04

Copy of Newspaper Publication

2026-08-04 - Publication of extracts of Un-audited Financial Results for Q1FY27

2026-08-03

Shareholders meeting

2026-08-03 - Scrutiniser's Report along with voting results of 61st Annual General Meeting held on 3 August 2026

2026-08-03

General Updates

2026-08-03 - 61st Annual General Meeting - Chairman's Speech

2026-08-03

Shareholders meeting

2026-08-03 - Summary of proceedings of the 61st Annual General Meeting held on 3 August 2026

2026-08-03

Investor Presentation

2026-08-03 - DLF Limited has informed the Exchange about Investor Presentation

2026-08-03

Press Release

2026-08-03 - DLF announces Financial Results for Q1FY27

News

Recent coverage and analyst commentary for DLF

Loading news…

🤖

AI Stock Analyst

DLF Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

DLF

656.40

36.55

162479.46

1.22

793.90

-89.59

1280.34

-52.87

6.81

49.68

LODHA

1165.45

28.23

116454.47

0.36

1373.10

103.39

4996.70

43.10

16.89

38.51

PHOENIXLTD

1897.90

53.03

67883.68

0.13

394.51

22.95

1074.94

12.80

15.41

59.77

PRESTIGE

1541.85

58.31

66412.14

0.13

271.40

-12.87

2675.10

15.94

11.51

31.75

OBEROIRLTY

1796.30

24.84

65313.87

0.45

543.51

29.02

1300.89

31.73

17.69

56.75

GODREJPROP

1860.00

35.01

56028.13

0.54

349.38

-41.61

506.17

16.48

8.37

-57.98

ANANTRAJ

613.40

38.15

22074.85

0.16

149.19

18.50

631.40

6.58

12.23

29.53

BRIGADE

662.00

31.08

21598.36

0.23

216.94

37.35

1115.55

-12.93

11.02

32.33

ABREL

1341.65

113.30

14985.65

0.19

-34.59

-27.73

188.85

30.95

-4.54

-30.02

SOBHA

1228.35

56.96

13137.67

0.49

50.85

273.37

1278.15

50.03

6.96

6.07

SIGNATURE

785.75

10.59

11054.40

0.00

-16.53

-148.00

551.99

-36.24

34.77

-8.10

MAXESTATES

547.20

774.04

8950.27

0.00

8.35

-30.00

51.91

0.86

2.05

15.65

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

841

695

797

909

405

904

937

2,236

468

647

563

2,307

257

574

484

496

640

496

759

722

1,240

482

542

460

763

392

Operating Profit

267

210

301

269

-90

145

215

996

-14

104

103

1,544

-135

OPM %

31.76%

30.29%

37.78%

29.58%

-22.32%

16.01%

22.94%

44.55%

-3.05%

16.10%

18.23%

66.94%

-52.71%

101

320

355

198

184

823

142

1,170

291

1,363

223

Interest

Depreciation

Profit before Tax

234

224

538

531

229

130

1,711

1,219

356

2,868

Tax %

25.15%

24.42%

13.85%

16.52%

15.96%

15.93%

228.03%

9.47%

18.57%

16.89%

16.88%

16.30%

25.09%

Net Profit

175

169

464

443

192

-166

1,549

1,013

296

2,401

0.71

0.68

1.88

1.78

0.02

0.77

-0.67

6.26

0.16

4.10

1.19

9.70

0.26

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,704

3,056

3,295

2,370

3,929

4,054

3,979

3,243

4,482

3,984

3,774

2,204

2,028

2,085

1,948

2,399

2,234

2,038

2,195

3,221

2,253

2,158

Operating Profit

1,500

1,028

1,211

422

1,530

1,819

1,941

1,048

1,261

1,731

1,616

OPM %

40.51%

33.64%

36.74%

17.80%

38.95%

44.88%

48.78%

32.31%

28.13%

43.45%

42.82%

715

673

420

3,731

505

368

1,194

835

1,223

2,970

3,046

Interest

1,236

1,023

740

590

575

436

321

286

338

141

Depreciation

132

125

Profit before Tax

880

545

766

3,466

1,378

1,675

2,739

1,527

2,072

4,491

4,531

Tax %

32.24%

33.05%

10.20%

34.67%

23.56%

20.29%

15.63%

18.06%

23.89%

16.54%

16.67%

Net Profit

597

365

688

2,264

1,053

1,335

2,311

1,251

1,577

3,748

3,776

EPS

3.34

1.93

3.13

9.24

4.26

5.39

9.34

5.05

6.37

15.14

—

Dividend Payout %

59.81%

97.70%

64.20%

21.86%

46.99%

55.61%

42.85%

98.92%

94.15%

52.84%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

357

441

495

14,331

22,315

21,888

26,310

25,894

26,735

28,309

28,570

28,834

31,093

10,074

6,746

5,334

7,209

6,378

4,666

4,038

4,189

3,145

1,006

Trade Payables

606

822

721

717

960

1,126

1,058

1,100

1,431

1,008

1,490

1,083

5,097

4,959

3,591

2,373

1,890

2,716

8,717

15,735

Total Liabilities

26,858

31,323

33,481

39,689

37,318

35,394

35,790

37,069

42,622

49,336

528

472

438

523

425

378

341

304

298

287

Capital Work in Progress

111

155

7,335

10,201

9,628

14,758

19,721

19,996

19,896

19,484

19,498

18,890

9,673

9,732

11,357

10,688

11,673

10,671

9,791

10,329

11,025

12,344

214

1,353

Cash & Bank

923

1,009

3,613

1,715

706

249

684

1,492

2,517

5,688

8,371

9,895

8,426

12,007

4,793

3,989

4,924

5,375

9,070

10,773

Total Assets

26,858

31,323

33,481

39,689

37,318

35,394

35,790

37,069

42,622

49,336

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-570

756

738

1,801

1,676

1,090

4,688

6,073

Cash from Investing

2,103

-3,939

1,192

-4,849

-256

210

180

-3,077

410

Cash from Financing

-1,536

3,991

803

2,617

-1,345

-2,547

-1,715

-1,029

-1,705

-4,894

-130

2,651

-2,212

-716

-482

-91

240

-95

1,589

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.08

16.66

16.37

16.27

15.97

15.45

14.81

13.54

12.31

4.66

4.87

4.72

5.01

5.21

5.78

6.93

8.01

Government

0.00

4.62

4.69

4.94

5.26

5.34

5.45

5.60

DLF Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

DLF Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI