DLF Ltd

DLF Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

DLF Ltd

₹ 567 -2.83%
15 May - close price
dlf.in BSE: 532868 NSE: DLF
About

DLF Ltd with its subsidiaries, associates and JVs is engaged in real estate development, from the identification and acquisition of land to planning, execution, construction and marketing of projects. It is also engaged in business of leasing, generation of power, provision of maintenance services, hospitality and recreational services which are related to the overall development of real estate business.[1]

Key Points

Business Segments
1) Development Business: The company is one of the largest domestic real estate developers, primarily engaged in the development and sale of residential properties like high-rise condominiums, low-rise independent floors, plotted development, Shop-cum-Offices, etc. As of Q2 FY25, it has developed over 180 real estate projects covering an area of over 351 million square feet (MSF). It is credited for developing many well-known urban colonies in Delhi, including South Extension, Greater Kailash, Kailash Colony, and Hauz Khas, and one of Asia’s largest private townships, DLF City, in Gurgaon, Haryana. [1] [2] [3]

The company’s new sales bookings grew by over 103% between FY22 and FY24, from Rs. 7,273 Cr to Rs. 14,778 Cr in FY24. New sales bookings and collections for Q2 FY25 stood at Rs 692 Cr and Rs. 2,370 Cr respectively. [4] [5]

Website BSE NSE
  • Market Cap ₹ 1,40,288 Cr.
  • Current Price ₹ 567
  • High / Low ₹ 888 / 489
  • Stock P/E 39.3
  • Book Value ₹ 128
  • Dividend Yield 1.06 %
  • ROCE 13.7 %
  • ROE 11.7 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 81.9%
  • Company's working capital requirements have reduced from 420 days to 13.5 days

Cons

  • Stock is trading at 4.44 times its book value
  • The company has delivered a poor sales growth of 0.28% over past five years.
  • Company has a low return on equity of 7.46% over last 3 years.
  • Earnings include an other income of Rs.2,970 Cr.
  • Debtor days have increased from 50.3 to 124 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Realty Realty Residential, Commercial Projects

Part of BSE 500 BSE 100 BSE 200 BSE Dollex 200 Nifty Next 50

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,260 841 695 797 909 405 904 937 2,236 468 647 563 2,307
519 574 484 496 640 496 759 722 1,240 482 542 463 763
Operating Profit 741 267 210 301 269 -90 145 215 996 -14 104 100 1,544
OPM % 59% 32% 30% 38% 30% -22% 16% 23% 45% -3% 16% 18% 67%
573 59 101 320 355 198 184 15 823 142 1,170 292 1,363
Interest 72 74 70 66 76 85 82 81 89 63 43 25 8
Depreciation 18 18 17 17 17 18 18 19 19 15 11 12 31
Profit before tax 1,224 234 224 538 531 5 229 130 1,711 49 1,219 356 2,868
Tax % 15% 25% 24% 14% 17% 16% 16% 228% 9% 19% 17% 17% 16%
1,045 175 169 464 443 4 192 -166 1,549 40 1,013 295 2,401
EPS in Rs 4.22 0.71 0.68 1.87 1.79 0.02 0.78 -0.67 6.26 0.16 4.09 1.19 9.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,017 3,622 3,703 3,056 3,295 2,370 3,929 4,054 3,979 3,243 4,482 3,984
1,381 2,112 2,147 1,982 2,067 1,922 2,399 2,234 2,038 2,195 3,214 2,253
Operating Profit 1,636 1,509 1,556 1,074 1,228 448 1,530 1,819 1,941 1,048 1,268 1,731
OPM % 54% 42% 42% 35% 37% 19% 39% 45% 49% 32% 28% 43%
1,041 1,700 659 627 403 3,705 505 368 1,194 835 1,218 2,970
Interest 1,403 1,385 1,236 1,023 740 590 575 436 321 286 337 141
Depreciation 56 75 99 132 125 96 83 77 76 70 73 70
Profit before tax 1,218 1,750 880 545 766 3,466 1,378 1,675 2,739 1,527 2,075 4,491
Tax % 23% 14% 32% 33% 10% 35% 24% 20% 16% 18% 24% 17%
940 1,497 597 365 688 2,264 1,053 1,335 2,311 1,251 1,580 3,748
EPS in Rs 5.28 8.39 3.34 2.05 3.12 9.15 4.26 5.39 9.34 5.05 6.38 15.14
Dividend Payout % 38% 24% 60% 98% 64% 22% 47% 56% 43% 99% 94% 53%
Compounded Sales Growth
10 Years: 1%
5 Years: 0%
3 Years: 0%
TTM: -11%
Compounded Profit Growth
10 Years: 13%
5 Years: 27%
3 Years: 16%
TTM: 94%
Stock Price CAGR
10 Years: 16%
5 Years: 17%
3 Years: 6%
1 Year: -21%
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 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 356 357 357 357 441 495 495 495 495 495 495 495
Reserves 16,873 13,761 14,347 23,078 22,638 26,310 25,894 26,735 28,309 28,570 28,912 31,093
12,058 9,381 9,083 5,707 4,332 6,123 5,431 3,762 3,116 3,358 3,252 46
6,697 6,086 4,894 3,805 9,743 9,236 7,725 6,324 5,362 5,929 11,059 18,139
Total Liabilities 35,985 29,585 28,680 32,947 37,155 42,163 39,546 37,316 37,282 38,351 43,718 49,772
1,605 603 4,159 3,942 1,712 1,663 1,532 1,604 1,591 1,287 983 1,294
CWIP 2,491 28 28 15 19 0 1 0 0 3 9 1
Investments 7,476 7,391 7,335 10,201 9,628 14,758 19,721 19,996 19,896 19,484 19,548 18,890
24,413 21,563 17,157 18,790 25,797 25,743 18,292 15,715 15,795 17,577 23,178 29,587
Total Assets 35,985 29,585 28,680 32,947 37,155 42,163 39,546 37,316 37,282 38,351 43,718 49,772

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-36 849 -696 31 655 20 885 1,855 1,593 1,090 4,694 6,073
4,489 3,901 2,103 -3,939 1,192 -4,849 -256 210 31 180 -3,086 410
-4,002 -4,720 -1,536 3,992 803 2,617 -1,345 -2,547 -1,715 -1,029 -1,702 -4,894
Net Cash Flow 451 30 -130 83 2,651 -2,212 -716 -482 -91 240 -94 1,589
Free Cash Flow -518 531 -791 363 598 2,936 960 1,707 1,548 1,071 4,636 6,057
CFO/OP 3% 76% -37% 8% 62% 12% 48% 99% 86% 116% 345% 386%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 26 153 59 48 19 22 10 4 5 9 17 124
Inventory Days 3,546
Days Payable 289
Cash Conversion Cycle 26 153 59 48 19 22 10 4 5 9 17 3,381
Working Capital Days 1,265 507 446 1,038 617 1,160 348 453 526 769 477 14
ROCE % 9% 10% 9% 6% 5% 10% 6% 7% 10% 5% 8% 14%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Dec 2023 Sep 2025
New Sales Bookings
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Operational Rental Portfolio Area
msf
Area Under Development
msf
Rental Occupancy Level
%
Development Potential (Land Bank)
msf

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.95% 74.08% 74.08% 74.08% 74.08% 74.08% 74.08% 74.08% 74.08% 74.08% 74.08% 74.08%
15.30% 15.89% 15.75% 16.53% 16.17% 16.66% 16.37% 16.27% 15.98% 15.46% 14.82% 13.54%
4.87% 5.27% 5.47% 4.77% 4.81% 4.66% 4.87% 4.72% 5.01% 5.21% 5.78% 6.94%
4.88% 4.76% 4.72% 4.62% 4.95% 4.62% 4.69% 4.93% 4.93% 5.25% 5.34% 5.43%
No. of Shareholders 4,06,2803,95,8454,04,8324,26,2534,66,9874,39,1414,58,3234,92,1164,83,0295,00,9284,92,1295,06,572

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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