1. India Stocks

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    Real Estate

  3. •

    Real Estate - Development
DLF Limited

DLF Limited

DLF.BO
DLF LimitedIN flagBombay Stock Exchange
672.65
INR
-3.10
- -
1.67TMarket Cap
DLF Limited
DLF.BO
(Bombay Stock Exchange)

Recent

price

672.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
56.32
56.54
45.69
46.82
42.78
55.62
46.04
37.55
46.77
25.07
21.84
23.06
22.95
25.25
32.28
33.09
37.77
Revenue per Share
9.66
7.07
4.19
3.65
3.03
1.72
4.01
25.02
7.38
-2.41
4.42
6.06
8.22
11.02
17.64
17.83
18.12
Basic EPS, GAAP
9.86
11.45
4.06
2.93
6.55
12.97
-6.24
-17.59
8.05
0.62
5.84
10.84
9.34
9.79
20.76
25.11
- -
Free Cash Flow per Basic Share
4.89
3.01
2.95
2.93
3.08
4.41
0.02
4.57
0.95
3.33
0.8
2.01
3
3.99
4.98
5.98
- -
Dividend per Share
75.23
75.07
75.38
61.19
38.18
31.84
35.79
67.1
43.28
26.7
30.12
34.19
39.42
46.44
58.83
2
- -
Book Value per Share
149.35
152.05
153.39
147.38
119.01
120.07
131.83
191.62
181.51
137.66
138.46
142.57
147.88
154.92
167.48
179.36
- -
Tangible Book Value per Share
1,697
1,698
1,699
1,770
1,782
1,783
1,784
1,784
1,788
2,424
2,475
2,475
2,475
2,475
2,476
2,476
2,475
Basic Weighted Avg Shares
95,606
96,001
77,598
82,863
76,229
99,164
82,134
66,999
83,613
60,771
54,052
57,090
56,820
62,492
79,937
81,940
93,480
Sales/Revenue/Turnover
33.7
33.98
25.43
24.51
33.77
36.12
36.78
35.18
23.33
16.26
25.14
29.05
29.12
29.33
24.49
15.94
22.43
Operating Margin (%)
6,811
6,888
7,962
6,629
5,448
7,659
5,725
5,335
2,246
2,003
1,595
1,494
1,486
1,479
1,507
1,424
1,478
Depreciation Expense
16,396
12,008
7,119
6,462
5,402
3,062
7,148
44,639
13,192
-5,832
10,936
15,009
20,358
27,271
43,676
44,147
44,847
Net Income, GAAP
22.97
23.87
15.52
- -
50.47
109.96
22.27
50.18
42.96
326.36
43.15
27.56
26.72
24.19
- -
10.57
43.06
Effective Tax Rate (%)
17.15
12.51
9.17
7.8
7.09
3.09
8.7
66.63
15.78
-9.6
20.23
26.29
35.83
43.64
54.64
53.88
47.97
Profit Margin (%)
151,141
129,208
126,821
151,661
90,085
113,413
161,624
123,689
79,307
130,582
138,089
136,870
145,859
184,157
189,723
138,726
- -
Working Capital
183,076
168,242
155,415
135,793
165,805
203,285
232,553
62,389
56,144
41,088
34,049
23,987
12,709
26,670
19,106
2,505
- -
LT Debt
269,073
276,566
279,297
293,964
243,889
241,952
246,967
353,592
336,171
344,652
353,642
363,818
376,919
394,316
425,502
454,734
- -
Total Equity
4.79
4.8
3.17
- -
2.56
-0.73
4.52
2.22
2.18
-4.87
1.86
2.97
3.04
3.33
- -
2.55
- -
Return on Invested Capital (%)
7.31
7.52
6.68
- -
4.66
0.23
8.58
17.92
8.88
-17.92
10.58
14.25
17.89
20.26
- -
47.18
26.48
Return on Capital (%)
10.84
9.41
5.57
5.47
6.13
4.91
11.85
48.64
13.39
-8.21
15.7
18.86
22.34
25.66
33.52
58.63
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
21,921
- -
LT Borrowings
- -
16,721
- -
LT Finance Leases
- -
2,386
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
2,475
- -
Market Capitalization
2,040,273
1,683,831
2,073,105

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
412,053
- -
Cash, Cash Equivalents & STI
- -
88,769
- -
Accounts Receivable, Net
- -
8,022
- -
Inventories
- -
246,215
- -
Total Current Liabilities
- -
222,330
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
21,921
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.13%
5.18%
6.87%
Free Cash Flow
87.66%
41.91%
20.99%
Net Income, GAAP
32.38%
33.62%
1.08%
Sales/Revenue/Turnover
-0.36%
9.11%
2.51%
Total Cash Common Dividend
2,110.08%
55.47%
20.01%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14,232
13,477
15,212
19,570
62,492
2025
13,624
19,750
15,287
31,276
79,937
2026
27,167
20,202
18,141
- -
81,940

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.13
2.52
2.65
- -
11.02
2025
2.61
5.58
4.28
5.18
17.64
2026
3.08
4.86
5.12
- -
17.83

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.99
2025
- -
- -
- -
- -
4.98
2026
- -
- -
- -
- -
5.98
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Business
DLF Limited, India's leading real estate developer, engages primarily in the development, sale, and management of residential, commercial office, and retail properties across key urban markets. Founded in 1946 by Chaudhary Raghvendra Singh and headquartered in Gurugram, Haryana, the company offers a diverse portfolio encompassing luxury residential apartments and townships such as Privana, The Dahlias, and One Midtown; premium office spaces including those in DLF Cyber City and DLF Downtown; upscale retail destinations like DLF Mall of India, DLF Promenade, DLF Emporio, and The Chanakya; as well as hospitality assets including golf and country clubs; it operates predominantly in northern and western India, with projects in Gurugram, Delhi-NCR, Mumbai, Goa, Chennai, and Panchkula, spanning over 32.63 million square meters of delivered developments in more than 24 cities. In recent developments, DLF Home Developers Pvt Ltd, a wholly-owned subsidiary, acquired the remaining 49.997% stake in DLF Urban Private Limited for Rs 496.73 crore in March 2025, consolidating full ownership of the entity focused on residential projects; the company plans Rs 20,000 crore investments over the medium term to expand commercial office and retail assets through joint ventures like DLF Cyber City Developers Ltd, targeting growth to 73 million square feet of rental portfolio from current 44 million; additionally, the National Company Law Tribunal approved the merger of seven wholly-owned subsidiaries into DLF Southern Towns Private Limited in early 2025, alongside announcements for Rs 23,500 crore capex to complete ongoing luxury residential launches in Delhi-NCR and Mumbai, and execution of India's largest residential land deal acquiring 38 acres in Gurugram for about Rs 5,000 crore in 2024.