DLF Ltd

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

DLF Ltd

₹ 751 -0.34%
21 May 10:09 a.m.
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 ₹ 1,85,908 Cr.
  • Current Price ₹ 751
  • High / Low ₹ 929 / 601
  • Stock P/E 40.6
  • Book Value ₹ 172
  • Dividend Yield 0.67 %
  • ROCE 6.51 %
  • ROE 11.2 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company has delivered good profit growth of 90.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 42.7%

Cons

  • Stock is trading at 4.38 times its book value
  • The company has delivered a poor sales growth of 5.62% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 7.96% over last 3 years.

* 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

Sector: Realty Industry: Construction

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

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,547 1,442 1,302 1,495 1,456 1,423 1,348 1,521 2,135 1,362 1,975 1,529 3,128
1,180 1,028 866 1,018 1,058 1,027 885 1,010 1,381 1,134 1,473 1,129 2,150
Operating Profit 368 414 437 477 398 396 462 511 754 229 502 400 978
OPM % 24% 29% 34% 32% 27% 28% 34% 34% 35% 17% 25% 26% 31%
105 75 58 65 120 98 129 122 182 367 206 -94 220
Interest 128 105 107 95 85 85 90 84 98 101 94 94 109
Depreciation 37 37 37 39 36 36 37 38 37 37 38 39 37
Profit before tax 307 346 351 408 397 373 464 512 802 458 577 174 1,053
Tax % 27% 25% 26% 27% 28% 27% 24% 26% 21% 26% -81% -154% 17%
406 469 477 518 570 526 622 656 920 645 1,381 1,059 1,282
EPS in Rs 1.64 1.90 1.93 2.10 2.30 2.13 2.52 2.65 3.72 2.61 5.58 4.28 5.18
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
8,298 7,649 9,926 8,221 6,707 8,366 6,083 5,414 5,717 5,695 6,427 7,994
5,805 4,635 5,960 4,775 4,329 6,218 4,937 3,945 3,974 3,969 4,303 5,885
Operating Profit 2,493 3,014 3,966 3,446 2,378 2,148 1,146 1,469 1,743 1,726 2,124 2,109
OPM % 30% 39% 40% 42% 35% 26% 19% 27% 30% 30% 33% 26%
1,133 503 506 1,135 9,722 784 1,135 383 195 317 531 700
Interest 2,463 2,304 2,680 2,980 2,951 2,062 1,427 853 625 392 356 397
Depreciation 663 545 766 572 534 225 200 159 149 149 148 151
Profit before tax 500 668 1,026 1,030 8,615 646 653 840 1,165 1,502 2,151 2,261
Tax % -16% 24% 55% 22% 50% 43% 326% 43% 28% 27% 24% -19%
590 507 305 708 4,477 1,314 -590 1,083 1,500 2,034 2,724 4,367
EPS in Rs 3.63 3.03 1.72 4.01 25.02 5.98 -2.36 4.42 6.06 8.22 11.02 17.64
Dividend Payout % 55% 66% 117% 50% 8% 33% -85% 45% 49% 49% 45% 34%
Compounded Sales Growth
10 Years: 0%
5 Years: 6%
3 Years: 12%
TTM: 24%
Compounded Profit Growth
10 Years: 25%
5 Years: 90%
3 Years: 40%
TTM: 71%
Stock Price CAGR
10 Years: 20%
5 Years: 41%
3 Years: 31%
1 Year: -12%
Return on Equity
10 Years: 4%
5 Years: 6%
3 Years: 8%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 356 356 357 357 357 441 495 495 495 495 495 495
Reserves 27,039 27,013 23,712 24,216 34,954 33,135 33,952 34,849 35,867 37,192 38,936 42,055
24,133 24,495 25,264 29,202 17,491 17,222 8,103 6,886 4,182 3,334 4,834 4,103
12,997 14,398 12,396 10,179 7,783 15,684 13,341 11,258 10,623 11,551 14,804 22,822
Total Liabilities 64,525 66,262 61,729 63,954 60,585 66,483 55,890 53,488 51,167 52,572 59,069 69,475
18,835 19,619 3,943 24,640 8,082 6,322 5,187 4,856 4,862 4,785 3,880 3,511
CWIP 5,979 5,901 1,779 153 137 103 89 95 81 61 71 77
Investments 891 623 21,310 1,209 20,832 21,005 18,566 19,746 19,779 19,481 20,138 21,336
38,820 40,119 34,697 37,952 31,533 39,053 32,049 28,791 26,444 28,245 34,981 44,552
Total Assets 64,525 66,262 61,729 63,954 60,585 66,483 55,890 53,488 51,167 52,572 59,069 69,475

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,468 2,037 2,957 -898 270 2,043 356 1,460 2,832 2,375 2,539 5,235
3,924 98 -818 872 -2,102 3 6,508 150 267 -461 -1,529 -3,543
-4,532 -1,547 -1,929 787 -232 875 -9,522 -2,184 -3,828 -2,013 177 -2,403
Net Cash Flow 860 588 210 761 -2,064 2,921 -2,658 -573 -729 -98 1,186 -710

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 69 76 126 63 70 36 43 39 36 35 31 37
Inventory Days 2,175
Days Payable 200
Cash Conversion Cycle 69 76 126 63 70 36 43 39 36 35 31 2,012
Working Capital Days 670 832 389 685 974 532 759 1,016 913 874 868 732
ROCE % 5% 6% 8% 7% 5% 5% 4% 4% 5% 5% 6% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.95% 74.95% 74.95% 74.95% 74.95% 74.08% 74.08% 74.08% 74.08% 74.08% 74.08% 74.08%
14.93% 14.90% 14.84% 14.66% 15.30% 15.89% 15.75% 16.53% 16.17% 16.66% 16.37% 16.27%
4.56% 4.80% 5.09% 5.23% 4.87% 5.27% 5.47% 4.77% 4.81% 4.66% 4.87% 4.72%
5.56% 5.36% 5.12% 5.16% 4.88% 4.76% 4.72% 4.62% 4.95% 4.62% 4.69% 4.93%
No. of Shareholders 4,42,8814,25,9594,07,4444,22,1524,06,2803,95,8454,04,8324,26,2534,66,9874,39,1414,58,3234,92,116

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls