DLF Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 35.4x vs industry 46.6x)
- Virtually debt-free
Concerns
Today's Price Action
DLF Limited closed at ₹666.3, unchanged from the previous session. The trade count of 1,678,111 shares exactly matches the 20‑day average volume, indicating that today’s activity is typical for the stock and that there is no abnormal buying or selling pressure evident from the headline numbers.
Valuation Snapshot
The current price‑to‑earnings multiple stands at 35.4, while the broader realty sector registers a P/E of zero, reflecting a lack of comparable earnings data among peers. A return on equity of 9.5 % signals modest profitability, but it is below the threshold that typically characterises high‑quality earnings generators in the industry.
Key Levels to Watch
The stock sits roughly midway between its 52‑week low of ₹489 and high of ₹786, leaving about 27 % upside to the upper band and 11 % downside to the lower band. Open‑interest‑driven support and resistance zones, derived from the most recent large‑size contracts, cluster around ₹620 and ₹720 respectively, offering reference points for intra‑day price movement.
Data Summary
DLF’s market capitalisation is reported as zero crore, a data anomaly that suggests the figure has not been updated in the source feed. The combination of a relatively high P/E, a moderate ROE, and volume that aligns with its recent average paints a picture of a stock that is currently trading in a steady‑state environment without pronounced momentum.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| LODHA Lodha Developers Limited | ₹1,007 | ₹96K Cr | 23.3 | 4.32 | 15.5 | 16.4 | 0.42 |
| PHOENIXLTD The Phoenix Mills Limited | ₹1,899 | ₹67K Cr | 51.6 | 6.19 | 11 | 12.4 | 0.46 |
| PRESTIGE Prestige Estates Projects Limited | ₹1,392 | ₹60K Cr | 52.7 | 3.68 | 7.53 | 10.4 | 0.92 |
| OBEROIRLTY Oberoi Realty Limited | ₹1,601 | ₹59K Cr | 22.1 | 3.05 | 14.6 | 17.3 | 0.14 |
| GODREJPROP Godrej Properties Limited | ₹1,587 | ₹45K Cr | 33 | 2.47 | 8.82 | 7.63 | 1.03 |
| BRIGADE Brigade Enterprises Limited | ₹— | ₹18K Cr | 26.2 | 2.33 | 10.5 | 10.5 | 0.84 |
| ANANTRAJ Anant Raj Limited | ₹— | ₹17K Cr | 28.6 | 3.35 | 11.2 | 12.1 | 0.12 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
DLF · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 74.08% | 74.08% | 74.08% | 74.08% | 74.08% | 74.08% |
| FII | 15.75% | 16.53% | 16.17% | 16.66% | 16.37% | 16.27% |
| DII | 5.47% | 4.77% | 4.81% | 4.66% | 4.87% | 4.72% |
| Public | 4.72% | 4.62% | 4.95% | 4.62% | 4.69% | 4.93% |
Corporate Events
Board Meeting Intimation for approval of Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half-year ended 30th September 2026
To consider and approve the unaudited financial results for the quarter ended 30th June 2026
Dividend - Rs 8 Per Share
To consider and approve, inter-alia, the Audited Financial Results for the Quarter and Financial Year (FY) ended 31st March 2026
Board Meeting intimation to consider and recommend Dividend, if any, for FY 2025-26
Dividend - Rs 6 Per Share
Dividend - Rs 5 Per Share
Dividend - Rs 4 Per Share
Latest News
All newsAnand Rathi sees 30% upside in realty stock
Anand Rathi forecasts a 30% upside for DLF following a **56% gain** in the past six months. The brokerage cited strong project execution and healthy balance sheet as key drivers. *Target price set at **₹720***, implying significant potential return. 📊 *STOCKS:* $DLF | 🏢 *SECTOR:* Realty | #MEDIUMIMPACT #Realty
Brand Concepts opens new OFF-WHITE store in Delhi
*Brand Concepts opens new OFF-WHITE store in Delhi* — Brand Concepts Limited has opened a new OFF-WHITE store at DLF Promenade Mall, Vasant Kunj, New Delhi. This marks a strategic expansion in premium retail space. The move aims to strengthen brand visibility and tap into high-end consumer demand. 📊 *STOCKS:* $BRANDCONCEPT | 🏢 *SECTOR:* Retail | #LOWIMPACT #Retail
DLF publishes routine newspaper notice as per compliance
*DLF publishes routine newspaper notice as per compliance.* This is a standard regulatory disclosure with no financial or strategic implications. Such filings are part of ongoing corporate compliance requirements. No material impact on operations or earnings is expected. 📊 *STOCKS:* DLF | 🏢 *SECTOR:* Realty | #LOWIMPACT #corporate
DLF faces sector headwinds despite luxury market opportunities
*DLF Ltd, India's leading real estate developer, navigates sector headwinds while positioning itself in the **luxury market** segment.* The company faces broader industry challenges but seeks growth opportunities in premium real estate. Market conditions present mixed signals with headwinds offsetting potential luxury segment gains. 📊 *STOCKS:* $DLF | 🏢 *SECTOR:* Realty | #MEDIUMIMPACT #RealEstate
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.0K Cr 22.9% | ₹1.6K Cr 39.5% | ₹2.7K Cr 13.1% | ₹3.1K Cr 104.6% | ₹1.5K Cr 22.6% | ₹2.0K Cr 45.0% | ₹1.4K Cr 36.2% | ₹2.1K Cr |
| Op. Profit | ₹390 Cr 37.3% | ₹284 Cr 22.0% | ₹364 Cr 62.8% | ₹978 Cr 144.5% | ₹400 Cr 20.3% | ₹502 Cr 119.2% | ₹229 Cr 69.6% | ₹754 Cr |
| OPM | 19.0% 11.8% | 17.0% 30.8% | 13.0% 58.1% | 31.0% 19.2% | 26.0% 4.0% | 25.0% 47.1% | 17.0% 51.4% | 35.0% |
| Net Profit | ₹1.2K Cr 1.9% | ₹1.2K Cr 54.7% | ₹763 Cr 40.5% | ₹1.3K Cr 21.1% | ₹1.1K Cr 23.3% | ₹1.4K Cr 114.1% | ₹645 Cr 29.9% | ₹920 Cr |
| EPS (₹) | 4.86 1.9% | 4.77 54.9% | 3.08 40.5% | 5.18 21.0% | 4.28 23.3% | 5.58 113.8% | 2.61 29.8% | 3.72 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹8.2K Cr 2.5% | ₹8.0K Cr 24.4% | ₹6.4K Cr 12.9% | ₹5.7K Cr 0.4% | ₹5.7K Cr 5.6% | ₹5.4K Cr 11.0% | ₹6.1K Cr 27.3% | ₹8.4K Cr 24.7% | ₹6.7K Cr 18.4% | ₹8.2K Cr |
| Expenses | ₹6.7K Cr 14.6% | ₹5.9K Cr 36.8% | ₹4.3K Cr 8.4% | ₹4.0K Cr 0.1% | ₹4.0K Cr 0.7% | ₹3.9K Cr 20.1% | ₹4.9K Cr 20.6% | ₹6.2K Cr 43.6% | ₹4.3K Cr 9.3% | ₹4.8K Cr |
| Op. Profit | ₹1.4K Cr 31.3% | ₹2.1K Cr 0.7% | ₹2.1K Cr 23.1% | ₹1.7K Cr 1.0% | ₹1.7K Cr 18.7% | ₹1.5K Cr 28.2% | ₹1.1K Cr 46.6% | ₹2.1K Cr 9.7% | ₹2.4K Cr 31.0% | ₹3.4K Cr |
| OPM | 18.0% 30.8% | 26.0% 21.2% | 33.0% 10.0% | 30.0% 0.0% | 30.0% 11.1% | 27.0% 42.1% | 19.0% 26.9% | 26.0% 25.7% | 35.0% 16.7% | 42.0% |
| Other Income | ₹1.8K Cr 160.7% | ₹700 Cr 31.8% | ₹531 Cr 67.5% | ₹317 Cr 62.6% | ₹195 Cr 49.1% | ₹383 Cr 66.3% | ₹1.1K Cr 44.8% | ₹784 Cr 91.9% | ₹9.7K Cr 756.6% | ₹1.1K Cr |
| Interest | ₹199 Cr 49.9% | ₹397 Cr 11.5% | ₹356 Cr 9.2% | ₹392 Cr 37.3% | ₹625 Cr 26.7% | ₹853 Cr 40.2% | ₹1.4K Cr 30.8% | ₹2.1K Cr 30.1% | ₹3.0K Cr 1.0% | ₹3.0K Cr |
| Depreciation | ₹142 Cr 6.0% | ₹151 Cr 2.0% | ₹148 Cr 0.7% | ₹149 Cr 0.0% | ₹149 Cr 6.3% | ₹159 Cr 20.5% | ₹200 Cr 11.1% | ₹225 Cr 57.9% | ₹534 Cr 6.6% | ₹572 Cr |
| PBT | ₹2.9K Cr 29.7% | ₹2.3K Cr 5.1% | ₹2.2K Cr 43.2% | ₹1.5K Cr 28.9% | ₹1.2K Cr 38.7% | ₹840 Cr 28.6% | ₹653 Cr 1.1% | ₹646 Cr 92.5% | ₹8.6K Cr 736.4% | ₹1.0K Cr |
| Tax % | 11.0% 157.9% | -19.0% 179.2% | 24.0% 11.1% | 27.0% 3.6% | 28.0% 34.9% | 43.0% 86.8% | 326.0% 658.1% | 43.0% 14.0% | 50.0% 127.3% | 22.0% |
| Net Profit | ₹4.4K Cr 1.1% | ₹4.4K Cr 60.3% | ₹2.7K Cr 33.9% | ₹2.0K Cr 35.6% | ₹1.5K Cr 38.5% | ₹1.1K Cr 283.6% | ₹-590 Cr 144.9% | ₹1.3K Cr 70.6% | ₹4.5K Cr 532.3% | ₹708 Cr |
| EPS (₹) | 17.83 1.1% | 17.64 60.1% | 11.02 34.1% | 8.22 35.6% | 6.06 37.1% | 4.42 287.3% | -2.36 139.5% | 5.98 76.1% | 25.02 523.9% | 4.01 |
| Div Payout | 45.0% 32.4% | 34.0% 24.4% | 45.0% 8.2% | 49.0% 0.0% | 49.0% 8.9% | 45.0% 152.9% | -85.0% 357.6% | 33.0% 312.5% | 8.0% 84.0% | 50.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹495 Cr 0.0% | ₹495 Cr 0.0% | ₹495 Cr 0.0% | ₹495 Cr 0.0% | ₹495 Cr 0.0% | ₹495 Cr 0.0% | ₹495 Cr 12.2% | ₹441 Cr 23.5% | ₹357 Cr 0.0% | ₹357 Cr |
| Reserves | ₹42.5K Cr 1.1% | ₹42.1K Cr 8.0% | ₹38.9K Cr 4.7% | ₹37.2K Cr 3.7% | ₹35.9K Cr 2.9% | ₹34.8K Cr 2.6% | ₹34.0K Cr 2.5% | ₹33.1K Cr 5.2% | ₹35.0K Cr 44.3% | ₹24.2K Cr |
| Borrowings | ₹1.8K Cr 56.7% | ₹4.1K Cr 15.1% | ₹4.8K Cr 45.0% | ₹3.3K Cr 20.3% | ₹4.2K Cr 39.3% | ₹6.9K Cr 15.0% | ₹8.1K Cr 52.9% | ₹17.2K Cr 1.5% | ₹17.5K Cr 40.1% | ₹29.2K Cr |
| Other Liabilities | ₹24.2K Cr 10.7% | ₹21.8K Cr 47.4% | ₹14.8K Cr 28.2% | ₹11.6K Cr 8.7% | ₹10.6K Cr 5.6% | ₹11.3K Cr 15.6% | ₹13.3K Cr 14.9% | ₹15.7K Cr 101.5% | ₹7.8K Cr 23.5% | ₹10.2K Cr |
| Total Liabilities | ₹68.9K Cr 0.7% | ₹68.5K Cr 15.9% | ₹59.1K Cr 12.4% | ₹52.6K Cr 2.7% | ₹51.2K Cr 4.3% | ₹53.5K Cr 4.3% | ₹55.9K Cr 15.9% | ₹66.5K Cr 9.7% | ₹60.6K Cr 5.3% | ₹64.0K Cr |
Assets | ||||||||||
| Fixed Assets | ₹3.5K Cr 0.7% | ₹3.5K Cr 9.7% | ₹3.9K Cr 18.9% | ₹4.8K Cr 1.6% | ₹4.9K Cr 0.1% | ₹4.9K Cr 6.4% | ₹5.2K Cr 18.0% | ₹6.3K Cr 21.8% | ₹8.1K Cr 67.2% | ₹24.6K Cr |
| CWIP | ₹98 Cr 14.0% | ₹86 Cr 21.1% | ₹71 Cr 16.4% | ₹61 Cr 24.7% | ₹81 Cr 14.7% | ₹95 Cr 6.7% | ₹89 Cr 13.6% | ₹103 Cr 24.8% | ₹137 Cr 10.5% | ₹153 Cr |
| Investments | ₹21.9K Cr 2.8% | ₹21.3K Cr 5.9% | ₹20.1K Cr 3.4% | ₹19.5K Cr 1.5% | ₹19.8K Cr 0.2% | ₹19.7K Cr 6.4% | ₹18.6K Cr 11.6% | ₹21.0K Cr 0.8% | ₹20.8K Cr 1623.1% | ₹1.2K Cr |
| Other Assets | ₹43.4K Cr 0.3% | ₹43.5K Cr 24.5% | ₹35.0K Cr 23.8% | ₹28.2K Cr 6.8% | ₹26.4K Cr 8.2% | ₹28.8K Cr 10.2% | ₹32.0K Cr 17.9% | ₹39.1K Cr 23.8% | ₹31.5K Cr 16.9% | ₹38.0K Cr |
| Total Assets | ₹68.9K Cr 0.7% | ₹68.5K Cr 15.9% | ₹59.1K Cr 12.4% | ₹52.6K Cr 2.7% | ₹51.2K Cr 4.3% | ₹53.5K Cr 4.3% | ₹55.9K Cr 15.9% | ₹66.5K Cr 9.7% | ₹60.6K Cr 5.3% | ₹64.0K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹5.2K Cr 106.2% | ₹2.5K Cr 6.9% | ₹2.4K Cr 16.1% | ₹2.8K Cr 94.0% | ₹1.5K Cr 310.1% | ₹356 Cr 82.6% | ₹2.0K Cr 656.7% | ₹270 Cr 130.1% | ₹-898 Cr 130.4% | ₹3.0K Cr |
| Investing CF | ₹-3.5K Cr 127.3% | ₹-1.5K Cr 231.7% | ₹-461 Cr 272.7% | ₹267 Cr 78.0% | ₹150 Cr 97.7% | ₹6.5K Cr 216833.3% | ₹3 Cr 100.1% | ₹-2.1K Cr 341.1% | ₹872 Cr 206.6% | ₹-818 Cr |
| Financing CF | ₹-2.4K Cr 1457.6% | ₹177 Cr 108.8% | ₹-2.0K Cr 47.4% | ₹-3.8K Cr 75.3% | ₹-2.2K Cr 77.1% | ₹-9.5K Cr 1188.2% | ₹875 Cr 477.2% | ₹-232 Cr 129.5% | ₹787 Cr 140.8% | ₹-1.9K Cr |
| Net Cash Flow | ₹-642 Cr 154.1% | ₹1.2K Cr 1310.2% | ₹-98 Cr 86.6% | ₹-729 Cr 27.2% | ₹-573 Cr 78.4% | ₹-2.7K Cr 191.0% | ₹2.9K Cr 241.5% | ₹-2.1K Cr 371.2% | ₹761 Cr 262.4% | ₹210 Cr |
| Free Cash Flow | ₹5.1K Cr 62.3% | ₹3.2K Cr 36.4% | ₹2.3K Cr 13.5% | ₹2.7K Cr 75.5% | ₹1.5K Cr 604.6% | ₹217 Cr 85.3% | ₹1.5K Cr 424.0% | ₹-455 Cr 58.7% | ₹-1.1K Cr 146.4% | ₹2.4K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 37d 19.4% | 31d 11.4% | 35d 2.8% | 36d 7.7% | 39d 9.3% | 43d 19.4% | 36d 48.6% | 70d 11.1% | 63d 50.0% | 126d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 37d 19.4% | 31d 11.4% | 35d 2.8% | 36d 7.7% | 39d 9.3% | 43d 19.4% | 36d 48.6% | 70d 11.1% | 63d 50.0% | 126d |
| Working Capital Days | 615d 17.4% | 745d 0.4% | 742d 7.1% | 799d 1.4% | 788d 28.8% | 612d 360.2% | 133d 73.1% | 495d 7.1% | 533d 83.8% | 290d |
| ROCE | 7.0% 16.7% | 6.0% 20.0% | 5.0% 0.0% | 5.0% 25.0% | 4.0% 0.0% | 4.0% 20.0% | 5.0% 0.0% | 5.0% 28.6% | 7.0% 12.5% | 8.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About DLF Limited
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]
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