DLF
Market cap ₹1.64 L Cr
- P/E
- 35.92
- Day range
- ₹650.00 – ₹664.90
- 52-week range
- ₹489.40 – ₹786.50
- Volume
- 17.50 L
- Open
- ₹653.00
- Prev close
- ₹657.00
Latest results · Q2 FY27(consolidated)Revenue ₹1,261 Cr-23.3%Profit ₹1,301 Cr+10.3%Margin 103.2%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
DLF in NSE indices and F&O
F&O margin for one lot of DLF (950 shares)Research profile
Composite 50 / 100Factor percentiles
Derived metrics
- Earn. yield
- 2.8%
- Graham no.
- ₹278.31
- vs Graham
- -58.0%
- ROE ÷ P/B
- 2.8%
- 12-1 mom.
- -9.6%
- Return / vol
- -0.38
- Magic Formula
- #523
- Piotroski
- 3/6
- FCF yield
- 3.8%
Appears in 9 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 188 in Infra| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Larsen & ToubroLT | ₹5.06 L Cr | 30.53 | 4.59 | 18.3% | 15.0% | 12.0% | 1.15 | +6.7% |
| Adani PortsADANIPORTS | ₹4.04 L Cr | 29.91 | 4.09 | 16.2% | 14.0% | 58.0% | 0.66 | +18.6% |
| Adani EnterprisesADANIENT | ₹3.40 L Cr | 40.43 | 3.95 | 15.2% | 6.0% | 15.0% | 1.32 | +49.9% |
| UltraTech CementULTRACEMCO | ₹3.29 L Cr | 38.53 | 4.43 | 11.1% | 13.0% | 16.0% | 0.40 | +18.8% |
| Grasim IndustriesGRASIM | ₹2.00 L Cr | 35.18 | 1.90 | 10.2% | 8.0% | 23.0% | 2.20 | +21.4% |
| InterGlobe AviationINDIGO | ₹1.78 L Cr | 19.88 | 25.27 | -29.3% | 5.0% | 13.0% | 11.15 | +19.9% |
| DLFDLF | ₹1.64 L Cr | 35.92 | 3.57 | 10.0% | 6.0% | 1.8% | 0.01 | -23.3% |
| Tata MotorsTMCV | ₹1.41 L Cr | 33.72 | 9.54 | 26.0% | 36.0% | 10.0% | 0.25 | +36.3% |
| Sector median | ₹12,944 Cr | 32.11 | 4.29 | 15.0% | 17.0% | 15.0% | 0.18 | +20.1% |
Sector as classified in the tracked universe; medians use every tracked Infra company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 4d agoHeadlines about DLF from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 35.4
- Price / Book
- 3.60
- ROE (FY26)
- 10.0%
- ROCE (latest year)
- 6%
- Dividend yield
- 1.22%
Moving averages (NSE)
- 20-day
- ₹663.37
- Price below
- 50-day
- ₹665.17
- Price below
- 200-day
- ₹626.73
- Price above
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- FII
- DII
- Public
- Government
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date.
Financial statements
| Line item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,521 | 2,135 | 1,362 | 1,975 | 1,529 | 3,128 | 2,717 | 1,643 | 2,020 | 1,814 | 1,280 | 1,261 |
| Expenses | 1,010 | 1,381 | 1,134 | 1,473 | 1,129 | 2,150 | 2,353 | 1,359 | 1,630 | 1,403 | 1,130 | 1,238 |
| Operating Profit | 511 | 754 | 229 | 502 | 400 | 978 | 364 | 284 | 390 | 411 | 150 | 23 |
| OPM % | 34% | 35% | 17% | 25% | 26% | 31% | 13% | 17% | 19% | 23% | 12% | 1.8% |
| Other Income | 122 | 182 | 367 | 206 | -94 | 220 | 264 | 854 | 399 | 308 | 325 | 1,037 |
| Interest | 84 | 98 | 101 | 94 | 94 | 109 | 79 | 63 | 36 | 21 | 18 | 18 |
| Depreciation | 38 | 37 | 37 | 38 | 39 | 37 | 34 | 30 | 30 | 48 | 35 | 38 |
| Profit before tax | 512 | 802 | 458 | 577 | 174 | 1,053 | 515 | 1,045 | 723 | 649 | 423 | 1,003 |
| Tax % | 26% | 21% | 26% | -81% | -154% | 17% | 26% | 26% | -1% | -14% | 27% | 20% |
| Net Profit | 656 | 920 | 645 | 1,381 | 1,059 | 1,282 | 763 | 1,180 | 1,203 | 1,269 | 794 | 1,301 |
| EPS in Rs | ₹2.65 | ₹3.72 | ₹2.61 | ₹5.58 | ₹4.28 | ₹5.18 | ₹3.08 | ₹4.77 | ₹4.86 | ₹5.12 | ₹3.21 | ₹5.26 |
From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
-1 days since Mar 2021
-1 days since Mar 2021
-543 days since Mar 2021
Strengths, risks & growth
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]
Strengths
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 29.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 41.4%
Risks
- Stock is trading at 3.57 times its book value
- The company has delivered a poor sales growth of 8.64% over past five years.
- Tax rate seems low
- Company has a low return on equity of 9.32% over last 3 years.
- Earnings include an other income of Rs.2,069 Cr.
Compounded Sales Growth
- 10 Years
- -2%
- 5 Years
- +9%
- 3 Years
- +13%
- TTM
- -29%
Compounded Profit Growth
- 10 Years
- +29%
- 5 Years
- +29%
- 3 Years
- +27%
- TTM
- +19%
Stock Price CAGR
- 10 Years
- +16%
- 5 Years
- +10%
- 3 Years
- +7%
- 1 Year
- -15%
Return on Equity
- 10 Years
- +5%
- 5 Years
- +8%
- 3 Years
- +9%
- Last Year
- +10%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 74.08% | 74.08% | 74.08% | 74.08% | 0.00 pp |
| FII | 14.82% | 13.54% | 12.31% | 11.43% | -0.88 pp |
| DII | 5.78% | 6.94% | 8.03% | 9.06% | +1.03 pp |
| Government | 0.00% | 0.00% | 0.01% | 0.01% | 0.00 pp |
| Public | 5.34% | 5.43% | 5.56% | 5.41% | -0.15 pp |
Filed with NSE for Sept 2026: promoters 74.08%, public 25.92% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 6.92% (+0.80 pp)- Promoters74.1%
- Foreign institutions11.4%
- Mutual funds6.9%
- Insurance1.0%
- Other domestic institutions1.1%
- Retail2.4%
- Others3.0%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| Parag Parikh Flexi Cap Fund | 2.13% | 2.45% | +2.42 pp |
| SBI Focused Fund | 0.70% | 2.33% | +0.06 pp |
| SBI Aggressive Hybrid Fund | 0.52% | 1.02% | +0.08 pp |
| ICICI Pru Large Cap Fund | 0.48% | 1.05% | -0.28 pp |
| ICICI Pru Business Cycle Fund | 0.29% | 3.25% | +0.49 pp |
Scorecard
- Performance
- Low
- Valuation
- High
- Growth
- Avg
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 29.7%
- Downside volatility
- 31.1%
- Worst 5% of days
- 3.4%
- Average of that tail
- 4.0%
- Max drawdown (1Y)
- 35.9%
- Below its peak
- 16.5%
Against the market
- Beta vs Nifty 50
- 1.62
- Correlation
- 0.72
- Relative strength (3M)
- +7.6%
- ATR (14)
- 2.6%
Return
- Return 1M
- -1.9%
- Return 3M
- +2.3%
- Return 6M
- +7.6%
- Return 1Y
- -11.3%
- vs 200-day average
- +4.8%
Momentum
- RSI (14)
- 47.4
- MACD histogram
- 0.18
- Stochastic %K
- 44.2
- ADX (14)
- 12.2
- +DI / −DI
- 17.4 / 22.5
- Money flow index
- 50.7
Participation
- Delivery (20d avg)
- 49.3%
- vs its 60-day baseline
- +1.2 pts
- Volume vs 20-day
- -0.9σ
- Close vs day's VWAP
- +0.3%
- 52-week position
- 54 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
3 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — failed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — passed
- Current ratio improving — failed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — passed
- Asset turnover improving — failed
- Free cash flow
- ₹6,218 Cr
- FCF yield
- 3.8%
- Cash conversion
- 1.44
- Accruals ratio
- -0.026
- Net debt
- ₹7 Cr
- Net debt / equity
- 0.00
- EV / sales
- 25.51
- Capex intensity
- 1.6%
- Revenue CAGR
- -42.0%
- Profit CAGR
- -1.1%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividend₹8.00
Dividend - Rs 8 Per Share
27 Jul 2026ex-date - dividend₹6.00
Dividend - Rs 6 Per Share
28 Jul 2025ex-date - dividend₹5.00
Dividend - Rs 5 Per Share
31 Jul 2024ex-date - dividend₹4.00
Dividend - Rs 4 Per Share
28 Jul 2023ex-date - dividend₹3.00
Dividend - Rs 3 Per Share
2 Aug 2022ex-date - dividend₹2.00
Dividend - Rs 2 Per Share
23 Aug 2021ex-date - dividend₹0.80
Annual General Meeting/Dividend - Rs 0.80 Per Share
15 Sept 2020ex-date - dividend₹1.20
Interim Dividend - Rs 1.20 Per Share
12 Feb 2020ex-date - dividend₹2.00
Annual General Meeting/Dividend - Rs 2 Per Share
22 Jul 2019ex-date - dividendNot available — not reported in this filing
Annual General Meeting/Dividend Re 0.80 Per Share (Purpose Revised)
12 Sept 2018ex-date - dividend₹1.20
Interim Dividend - Rs 1.20 Per Share (Purpose Revised)
27 Mar 2018ex-date - dividend₹2.00
Dividend - Rs 2/- Per Share
19 Sept 2017ex-date - dividend₹2.00
Interim Dividend - Rs 2/- Per Share (Purpose Revised)
28 Mar 2016ex-date - dividend₹2.00
Dividend - Rs 2/- Per Share
17 Aug 2015ex-date - dividend₹2.00
Annual General Meeting/Dividend Rs.2/- Per Share
19 Aug 2014ex-date - dividend₹2.00
Annual General Meeting/Dividend Rs 2/- Per Share
30 Jul 2013ex-date - dividend₹2.00
Annual General Meeting/Dividend Rs 2 Per Share
24 Aug 2012ex-date - dividend₹2.00
Dividend-Rs.2/- Per Share
27 Jul 2011ex-date - dividend₹2.00
Annual General Meeting And Dividend Rs.2/- Per Share
17 Sept 2010ex-date - dividend₹2.00
Dividend-Rs.2/- Per Share
22 Sept 2009ex-date
Company announcements
Transcript of Earnings Call for Q2 FY27.
Audio/ Video recording of Earnings Call on Un-audited Financial Results of the Company for Q2FY27
Publication of extracts of Un-audited Financial Results for Q2FY27
Submission of reclassification application to Stock Exchanges seeking no-objection
Intimation regarding Board Approval for reclassification request
Q2FY27 Results Presentation
DLF announces Financial Results for Q2FY27
Intimation regarding approval of the Board for reclassification
Un-audited financial results (standalone & consolidated) for the quarter and half-year ended 30th September 2026
Un-audited financial results (standalone and consolidated) for the quarter and half-year ended 30th September 2026
Intimation of Analyst Meet Q2FY27 Earnings Call.
DLF Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/10/2026 ,inter alia, to consider and approve Board Meeting Intimation for approval of ....
Intimation regarding receipt of request for reclassification
Press Release
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018
Filed with BSE (scrip 532868); the last 45 days. Documents open at bseindia.com.
SEBI filings & orders
From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.
Buybacks, open offers & rights issues
- Buyback - Post buyback Public Announcement
DLF Ltd. - Post buyback Public Announcement
12 May 2009Read on SEBI - Buyback
DLF Limited
6 Oct 2008Read on SEBI - Buyback - Buyback offer Public Notice
DLF Ltd - Buyback offer Public Notice
15 Jul 2008Read on SEBI
Regulatory orders
- Adjudication order
Adjudication Order in respect of Mr. Gautham Lokande and Mr. Ajay Kalia in the matter of DLF Limited
31 Oct 2022Read on SEBI - Adjudication order
Adjudication Order in respect of DLF Ltd
31 May 2018Read on SEBI - Order
Order against DLF Limited
13 Mar 2015Read on SEBI - Adjudication order
Adjudication Order with respect to DLF Limited and 7 others in the matter of DLF Limited and Sudipti Estates Limited [SAT Appeal No.193/2015] [SAT Appeal No.194/2015] [SAT Appeal No.195/2015] [SAT Appeal No.196/2015] [SAT Appeal No.197/2015] [SAT Appeal No.198/2015] [SAT Appeal No.199/2015] [SAT Appeal No.206/2015] [SAT Appeal No.208/2015] [SAT Appeal No.209/2015] [SAT Appeal No.217/2015] [SAT Appeal No.225/2015] [SAT Appeal No.226/2015] [SAT Appeal No.: MA. No. 197/2020 in MA. No. 187/2016 in A No. 193/2015]
26 Feb 2015Read on SEBI - Adjudication order
Adjudication Order with respect to Sudipti Estates Limited and 33 others in the matter of DLF Limited and Sudipti Estates Limited
26 Feb 2015Read on SEBI
Documents
Annual reports
Earnings calls
- Oct 2026TranscriptSlidesRecording
- Aug 2026TranscriptSlidesRecording
- May 2026TranscriptSlidesRecording
- Jan 2026TranscriptSlidesRecording
- Nov 2025TranscriptSlidesRecording
- Aug 2025TranscriptSlides
Credit ratings
- Rating update · 11 Dec 2025 from icra
- Rating update · 17 Oct 2025 from crisil
- Rating update · 24 Apr 2025 from icra
- Rating update · 11 Mar 2025 from icra
- Rating update · 27 Feb 2025 from crisil
- Rating update · 25 Feb 2025 from crisil
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 16 Oct 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
DLF: common questions
Answered from the figures on this page.
