DLF
- Market cap
- ₹ 1,61,774 Cr.
- P/E
- 35.4x
- P/B
- 3.61x
- 52-week range
- 489.4 – 786.5
- ROE
- 10%
- ROCE
- 6%
- Dividend yield
- 1.2%
- Debt / equity
- 0.01
- Sector
- Realty
- Industry
- Residential, Commercial Projects
- Listed on
- NSE, BSE
About
DLF Limited is an India-based company, which is primarily engaged in the business of colonization and real estate development. The operations of the Company include all aspects of real estate development, from the identification and acquisition of land, to planning, execution, construction, and marketing of projects. The Company is also engaged in the business of leasing, generation of power, provision of maintenance services, hospitality, and recreational activities. Its homes portfolio ranges from luxury residential complexes to smart townships. Its offices portfolio is an integrated mix of office spaces with food and beverage and leisure amenities. It has developed approximately 27.96 million square meter residential area and 4.81 million square feet retail space. The Company's subsidiaries include Aaralyn Builders & Developers Private Limited, Adana Builders & Developers Private Limited and Afaaf Builders & Developers Private Limited, among others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Residential, Commercial Projects: 174 companies →DLF against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)35.4 against a typical 23.3: pricier than most peers (1st = cheapest).110th of 173
- Sales growth−23.3% against a typical +6.6% from a year earlier.100th of 134
- Profit growth+10.3% against a typical +2.9% from a year earlier.49th of 108
- Share price, 3 months+0.1% against a typical −10.3%.38th of 147
- Size₹ 1,61,774 Cr. market value against a typical ₹ 129.6 Cr. (1st = largest).1st of 163
Latest announcements
Exchange filings and their impact on the company.
- 22 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesMedium impactPositivePrice −0.9% on 23 OctStrong Rs 3,800cr pre-sales and record rental occupancy keep DLF on track despite accounting revenue lag to FY28.
DLF reported Q2 FY27 new sales bookings of about Rs 3,800 crore, including the sellout of Aureva luxury retirement housing and continued strong sales at Dahlias at over Rs 1,00,000 per sq ft. Collections were Rs 2,780 crore with operating cash flow of Rs 1,858 crore, leaving net cash of about Rs 15,100 crore after a Rs 1,980 crore dividend. The 50 million sq ft rental portfolio hit record 96% occupancy by area, with DCCDL revenue of Rs 2,014 crore and profit up 17%, guiding to Rs 6,800 crore exit rental and completions from Arbour in FY28 through FY30.
- Board approved Q2 FY27 results but no usable figures were disclosed in the extracted text.
DLF's board on 16 October 2026 approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026. The detailed results tables and review reports attached to the filing were not available in the extracted text, so key numbers like revenue and profit could not be read. With no measurable surprise, no change to the business outlook is assumed for the next 12 months.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA+ | Stable | 11 Dec 2025 |
| CRISIL | Withdrawn | Stable | 17 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 11 Dec 2025 | ▲ Upgrade | [ICRA]AA+ | — | ICRA | ₹ 6,850 Cr. | |
| 17 Oct 2025 | Withdrawn | was Crisil AA+ | — | CRISIL | ₹ 4,585 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 16 Oct 2026 | Financial Results | Board Meeting Intimation for approval of Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half-year ended 30th September 2026 |
| 3 Aug 2026 | Financial Results | To consider and approve the unaudited financial results for the quarter ended 30th June 2026 |
| 13 May 2026 | Dividend | Board Meeting intimation to consider and recommend Dividend, if any, for FY 2025-26 |
| 22 Jan 2026 | Financial Results | Un-audited financial results (Standalone and Consolidated) for the quarter and nine months ended 31st December 2025 |
| 30 Oct 2025 | Financial Results | To consider and approve the un-audited financial results for the quarter and half-year ended September 30, 2025 |
| 4 Aug 2025 | Financial Results | To consider and approve the Un-audited financial results for the quarter ended 30th June 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −2%
- 5 Years
- 9%
- 3 Years
- 13%
- TTM
- −29%
- 10 Years
- 29%
- 5 Years
- 29%
- 3 Years
- 27%
- TTM
- 19%
- 10 Years
- 16%
- 5 Years
- 11%
- 3 Years
- 7%
- TTM
- —
- 10 Years
- 5%
- 5 Years
- 8%
- 3 Years
- 9%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| DLF | ₹ 666.30 | ₹ 1,61,774 Cr. | 35.4x | 3.6x | 10% | — |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 35.9% |
| Rail Vikas Nigam | ₹ 180.10 | ₹ 37,551 Cr. | 53.7x | 4.8x | 9% | 4.3% |
Management
- Rajiv Singh
- Executive Chairman of the Board
- Badal Bagri
- Group Chief Financial Officer
- Ram Parkash Punjani
- Compliance Officer, Company Secretary
- Devinder Singh
- Managing Director, Whole-Time Director
- Ashok Kumar Tyagi
- Managing Director, Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.