DLF LIMITED
₹690.00-₹4.35 (-0.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹1,61,514 Cr
- P/E
- 71.8x
- EV / EBITDA
- 85.7x
- Revenue
- ₹4,482 Cr
- Net margin
- 38.6%
- ROCE
- 3.2%
Price chart
Technical chartScreen technicals →-11.2% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +2.7%
- 3M
- +5.3%
- 6M
- +17.5%
- 1Y
- -11.2%
- 5Y
- +60.2%
52-week range
Day change -₹4.35 (-0.6%) from ₹694 to ₹690 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in DLF, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 99.0%
Concerns1
- Low return on equity of 4.3%
Rule-based from financial data. Not advice.
About the company
DLF Limited, together with its subsidiaries, engages in the business of colonization and real estate development in India. The company offers real estate development activities, including identification and acquisition of land, and planning, execution, construction, and marketing of projects.
Read moreShow less
DLF Limited, together with its subsidiaries, engages in the business of colonization and real estate development in India. The company offers real estate development activities, including identification and acquisition of land, and planning, execution, construction, and marketing of projects. The company also develops and sells residential housing projects; and operates and maintains commercial office spaces, including under-construction projects, as well as retail properties, such as malls, shopping complexes, recreational spaces, and hotels and clubs. In addition, the company engages in leasing, maintenance, power generation, and recreational activities. It owns and operates The Lodhi Hotel and the Hilton Garden Inn. DLF Limited was founded in 1946 and is headquartered in Gurugram, India. DLF Limited operates as a subsidiary of Rajdhani Investments and Agencies Private Limited.
- Sector
- Construction & Real Estate
- Shares outstanding
- 248 Cr shares
- ISIN
- INE271C01023
- BSE code
- 532868
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹1,61,514 Cr
- P/E
- 71.8x
- P/B
- 5.6x
- EV / EBITDA
- 85.7x
- EV / Sales
- 49.8x
- P/S
- 49.8x
- Earnings yield
- 1.4%
- 52-week high
- ₹779.40
- 52-week low
- ₹503.70
Profitability
- Operating margin
- 32.3%
- Net margin
- 38.6%
- EBITDA margin
- 58.1%
- ROE
- 4.3%
- ROCE
- 3.2%
- ROA
- 3.3%
- Dividend payout
- 99.0%
- Tax rate
- 18.0%
- Other income, % of PBT
- 54.7%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4,482 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 38.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,883 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -39.9%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 26.3%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -11.2%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,090 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -31.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹94.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.9%
Solvency and efficiency
- Current ratio
- 6.25
- Debt / Equity
- 0.12
- Debt / Assets
- 0.09
- Debt / EBITDA
- 1.78
- Interest coverage
- 3.66
- Financial leverage
- 1.32
- CFO / Net profit
- 0.87
- Cash / Market cap
- 10.9%
- Cash per share
- ₹70.95
- Asset turnover
- 0.08
- Fixed asset turnover
- 2.52
- Capital intensity
- 0.40
- Debtor days
- 9 days
- Cash conversion cycle
- 9 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹35 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹3,214 Cr |
| Sales | Operating profit | ₹1,268 Cr |
| Operating profit | Interest | ₹337 Cr |
| Operating profit | Depreciation | ₹73 Cr |
| Operating profit | Profit before tax | ₹858 Cr |
| Other income | Profit before tax | ₹1,218 Cr |
| Profit before tax | Tax and other | ₹495 Cr |
| Profit before tax | Net profit | ₹1,580 Cr |
Revenue and net profit
Revenue grew 38.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹3,929 Cr | ₹1,053 Cr |
| FY2022 | ₹4,054 Cr | ₹1,335 Cr |
| FY2023 | ₹3,979 Cr | ₹2,311 Cr |
| FY2024 | ₹3,243 Cr | ₹1,251 Cr |
| FY2025 | ₹4,482 Cr | ₹1,580 Cr |
Cash flows
FY2025: ₹4,694 Cr from operations, ₹1,608 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹885 Cr | ₹629 Cr |
| FY2022 | ₹1,855 Cr | ₹2,065 Cr |
| FY2023 | ₹1,593 Cr | ₹1,624 Cr |
| FY2024 | ₹1,090 Cr | ₹1,270 Cr |
| FY2025 | ₹4,694 Cr | ₹1,608 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹4,482 Cr+38.2%1Y
- Net profit
- ₹1,580 Cr+26.3%1Y
- Cash from operations
- ₹4,694 Cr
- Free cash flow
- ₹1,608 Cr+26.6%1Y
- Revenue CAGR, 5Y
- 6.5%
- EBITDA CAGR, 5Y
- -14.6%
- Net profit CAGR, 5Y
- -11.2%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹4,482 Cr | ₹1,268 Cr | — | ₹1,580 Cr | ₹4,694 Cr | ₹1,608 Cr | 5.4% | +38.2% | +26.3% |
Monthly returns
Month-by-month returns of DLF across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹43,718 Cr |
| Equity capital | ₹495 Cr |
| Reserves | ₹28,912 Cr |
| Borrowings | ₹3,252 Cr |
| Other liabilities | ₹11,059 Cr |
| Assets | ₹43,718 Cr |
| Fixed assets | ₹983 Cr |
| Capital work in progress | ₹9 Cr |
| Investments | ₹19,548 Cr |
| Other assets | ₹23,178 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
DLF trades at 71.8x earnings against a peer median of 55.8x (a 29% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| DLF LIMITEDDLFthis companyP/E ↑ premium | ₹1.6 L Cr | 71.8x | 5.6x | 4.3% | 85.7x |
| Lodha Developers LimitedLODHA | ₹1.1 L Cr | 47.0x | 5.3x | 6.8% | 45.1x |
| The Phoenix Mills Ltd.PHOENIXLTD | ₹67,725 Cr | 238.0x | 12.5x | 5.5% | 162.7x |
| Prestige Estates Projects LimitedPRESTIGE | ₹65,446 Cr | 639.0x | 5.5x | 3.6% | 63.0x |
| OBEROI REALTY LIMITEDOBEROIRLTY | ₹60,204 Cr | 34.0x | 4.0x | 11.4% | 28.0x |
| Godrej Properties LimitedGODREJPROP | ₹56,592 Cr | 148.0x | 3.2x | 5.4% | 55.5x |
| Garden Reach Shipbuilders & Engineers LimitedGRSE | ₹28,034 Cr | 45.5x | 12.2x | 21.3% | 48.9x |
| Brigade Enterprises LimitedBRIGADE | ₹20,935 Cr | 51.8x | 3.4x | 7.5% | 32.9x |
| Anant Raj LimitedANANTRAJ | ₹20,405 Cr | 76.3x | 5.1x | 3.8% | 102.7x |
| Peer median | — | 55.8x | 3.7x | 6.8% | 32.9x |
Year-to-date ROI
DLF since 1 January, against earlier years.
Historical volatility
DLF's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 39.0% |
| FY2022 | 45.0% |
| FY2023 | 49.0% |
| FY2024 | 32.0% |
| FY2025 | 28.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹4,482 Cr |
| Costs | |
| Interest | ₹337 Cr |
| Expenses | ₹3,214 Cr |
| Operating profitOperating Profit | ₹1,268 Cr |
| Other income and charges | |
| Profit before tax | ₹2,075 Cr |
| Tax | |
| Net profitNet Profit | ₹1,580 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹43,718 Cr |
| Equity capitalEquity Capital | ₹495 Cr |
| Reserves | ₹28,912 Cr |
| Borrowings | ₹3,252 Cr |
| Other liabilitiesOther Liabilities | ₹11,059 Cr |
| AssetsTotal Assets | ₹43,718 Cr |
| Fixed assetsFixed Assets | ₹983 Cr |
| Capital work in progressCWIP | ₹9 Cr |
| Investments | ₹19,548 Cr |
| Other assetsOther Assets | ₹23,178 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹4,694 Cr |
| Investing cash flowCash from Investing Activity | -₹3,086 Cr |
| Financing cash flowCash from Financing Activity | -₹1,702 Cr |
| Change in cashNet Cash Flow | -₹94 Cr |
Learn while you research
Academy chapters picked for DLF LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 71.8, learn when high multiples are justified.6 min read
- 04 Growth Investing38% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read