DLF Ltd.

NSE: DLF · Realty

₹752.90+1.03%06 Nov 2026

Ask the data

Instant answers about DLF Ltd. — computed from its filings, no language model

Market cap₹1,86,365 cr

Current price₹752.90

High / Low₹777 / ₹504

P/E40.8

P/B4.09

Book value₹184.2

ROE10.0%

ROCE6.3%

Debt / equity0.00

Dividend yield0.79%

EPS (TTM)₹18.45

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY18	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	6,707	5,414	5,717	5,695	6,427	7,994	8,194
EBITDA	2,377	1,418	1,743	1,726	2,124	2,109	1,448
Operating margin	35.4%	26.2%	30.5%	30.3%	33.0%	26.4%	17.7%
Interest	2,951	853	625	392	356	397	199
Depreciation	534	159	149	149	148	151	142
Profit before tax	8,615	840	1,165	1,502	2,151	2,261	2,932
Tax	4,323	362	321	402	520	-434	310
Net profit	4,464	1,094	1,501	2,036	2,727	4,368	4,415
EPS ₹	25.02	4.42	6.06	8.22	11.02	17.64	17.83
Operating cash flow	—	—	2,832	2,375	2,539	5,235	6,347
Capex	—	—	148	64	116	96	129
Dividend paid	—	—	497	743	987	1,234	1,480
Total assets	—	54,810	52,503	53,928	60,262	69,475	74,875
Equity	—	35,344	36,362	37,688	39,431	42,550	45,473

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,378	1,507	2,139	2,219	25	13	1,716	549	1,610	1,543	1,713	1,140	1,481	1,550	1,547	1,442	1,302	1,495	1,456	1,423	1,348	1,521	2,135	1,362	1,975	1,529	3,128	2,717	1,643	2,020	1,814	1,280	1,261
Operating profit	-14	309	659	640	5	2	350	2	463	499	454	395	458	521	368	414	437	477	398	396	462	511	754	229	502	400	978	364	284	390	411	150	23
Operating margin	-1.0%	20.5%	30.8%	28.8%	21.4%	18.0%	20.4%	0.3%	28.8%	32.3%	26.5%	34.7%	30.9%	33.6%	23.8%	28.7%	33.5%	31.9%	27.4%	27.8%	34.3%	33.6%	35.3%	16.8%	25.4%	26.2%	31.3%	13.4%	17.3%	19.3%	22.6%	11.7%	1.8%
Other income	468	150	166	187	2	2	225	98	113	125	194	103	76	137	105	75	58	65	120	98	129	122	182	367	206	209	220	264	619	459	280	325	1,037
Interest	517	498	496	533	5	5	418	237	226	198	191	175	176	146	128	105	107	95	85	85	90	84	98	101	94	94	109	79	63	36	21	18	18
Depreciation	62	56	55	56	1	1	45	42	40	39	38	38	37	37	37	37	37	39	36	36	37	38	37	37	38	39	37	34	30	30	48	35	38
Profit before tax	71	-95	274	237	2	2	256	-179	214	387	418	285	321	251	307	346	351	408	397	373	464	512	802	458	577	174	1,053	515	1,045	723	649	423	1,003
Tax	33	-26	139	126	0	0	74	-1	100	104	159	83	94	60	84	88	91	110	113	101	112	135	171	118	-467	-267	181	133	276	-7	-92	115	201
Net profit	248	173	375	335	0	0	446	-71	232	451	481	337	379	379	405	470	477	519	570	527	623	657	921	646	1,381	1,059	1,282	763	1,180	1,203	1,269	794	1,301
EPS ₹	1.39	0.97	210.00	1.88	2.43	1.83	1.80	-0.29	0.94	1.82	1.94	1.36	1.53	1.53	1.64	1.90	1.93	2.10	2.30	2.13	2.52	2.65	3.72	2.61	5.58	4.28	5.18	3.08	4.77	4.86	5.12	3.21	5.25
Revenue YoY	—	—	—	—	-98.2%	-99.1%	-19.8%	4021.9%	-6.2%	—	—	107.7%	-8.0%	0.4%	-9.7%	26.5%	-12.1%	-3.5%	-5.9%	-1.3%	3.5%	1.8%	46.6%	-4.3%	46.5%	0.5%	46.5%	99.4%	-16.8%	32.2%	-42.0%	-52.9%	-23.3%
Profit YoY	—	—	—	—	-100.0%	-100.0%	19.0%	—	-47.9%	—	—	—	63.2%	-15.9%	-15.7%	39.3%	25.9%	36.8%	40.6%	12.2%	30.6%	26.5%	61.5%	22.5%	121.8%	61.2%	39.3%	18.1%	-14.6%	13.7%	-1.1%	4.1%	10.3%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

DLF Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	2,834	2,401	2,916	3,491	2,150	2,386	3,017	2,451	3,703
Operating profit	1,719	1,112	1,730	2,110	1,390	1,234	1,635	786	1,555
Operating margin	60.7%	46.3%	59.3%	60.4%	64.6%	51.7%	54.2%	32.1%	42.0%
Other income	1,008	805	1,243	1,091	1,155	1,440	1,045	1,121	702
Interest	805	847	1,287	1,554	1,710	1,667	1,403	1,378	1,236
Depreciation	112	126	130	140	142	78	56	75	99
Profit before tax	1,809	944	1,556	1,508	693	538	1,192	969	880
Tax	261	174	286	466	191	12	252	-6	284
Net profit	1,548	770	1,270	1,042	502	527	940	975	597

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	1,121	1,677	1,613	1,279	1,075	424	56	418	314	887	782	652	542	875	847	686	1,066	754	986	792	356	184	817	767	484	703	433	538	797	864	818	373	869	76	1,134	676	731	961	1,336	1,018	468	503
Operating profit	653	807	750	813	700	153	53	208	130	403	372	430	304	496	500	330	681	464	635	773	161	-83	538	477	82	487	187	296	477	429	433	77	488	-312	533	200	318	421	616	504	152	36
Operating margin	58.3%	48.1%	46.5%	63.6%	65.1%	36.0%	94.6%	49.8%	41.4%	45.4%	47.5%	65.9%	56.0%	56.7%	59.0%	48.1%	63.9%	61.6%	64.4%	97.6%	45.2%	-44.9%	65.8%	62.2%	16.9%	69.3%	43.3%	55.0%	59.8%	49.7%	53.0%	20.5%	56.2%	-412.5%	47.0%	29.6%	43.5%	43.8%	46.2%	49.5%	32.6%	7.1%
Other income	161	136	143	215	288	259	245	148	117	130	410	163	234	164	682	159	176	482	274	237	251	480	187	271	393	132	643	224	209	154	457	163	224	272	463	232	215	175	81	62	66	326
Interest	58	130	181	182	187	210	226	207	168	211	262	309	338	323	317	330	379	428	417	435	419	436	420	427	420	418	403	378	358	343	325	344	351	364	320	315	307	314	300	266	260	304
Depreciation	3	3	16	28	29	29	26	31	31	32	32	32	32	33	32	34	35	35	35	35	36	36	35	36	14	13	15	15	14	14	13	14	16	18	27	26	26	25	23	24	24	50
Profit before tax	753	810	696	818	772	173	46	118	48	290	487	252	168	304	832	125	443	483	457	539	-42	-74	270	217	134	-222	410	98	314	227	553	-166	346	-422	1,210	91	158	257	375	276	-66	-113
Tax	-14	204	58	117	133	-5	16	18	14	65	76	47	45	99	95	32	140	128	166	172	-23	-32	74	67	51	-107	1	26	93	69	64	-64	119	-182	121	24	33	86	141	92	-5	-54
Net profit	767	606	639	701	639	178	30	100	34	224	411	205	123	205	737	93	303	356	291	367	-20	-42	196	150	83	-116	409	73	221	157	489	-102	227	-239	1,089	67	124	171	234	185	-61	-59
EPS ₹	4.50	3.55	3.75	4.11	3.75	1.04	0.18	0.59	0.20	1.33	2.42	1.21	0.72	1.21	4.34	0.55	1.78	2.09	1.71	2.16	-0.12	-0.25	1.15	0.86	0.47	-0.65	2.30	0.41	1.24	0.88	2.75	-0.57	1.27	-1.34	6.11	0.38	0.70	0.96	1.31	1.04	-0.34	-0.33
Revenue YoY	—	—	—	—	-4.1%	-74.7%	-96.6%	-67.3%	-70.8%	109.0%	1308.2%	56.0%	72.5%	-1.4%	8.3%	5.2%	96.7%	-13.9%	16.4%	15.5%	-66.6%	-75.5%	-17.1%	-3.2%	36.0%	280.9%	-47.1%	-29.8%	64.6%	23.0%	89.1%	-30.6%	9.0%	-91.3%	38.6%	81.2%	-15.9%	1171.1%	17.8%	50.5%	-36.0%	-47.6%
Profit YoY	—	—	—	—	-16.6%	-70.6%	-95.3%	-85.7%	-94.7%	26.0%	1276.5%	104.3%	263.2%	-8.7%	79.3%	-54.8%	146.6%	73.6%	-60.5%	296.3%	-106.5%	-111.8%	-32.6%	-59.1%	—	—	108.8%	-51.6%	165.9%	—	19.6%	-240.3%	2.8%	-252.2%	122.5%	—	-45.2%	—	-78.5%	173.8%	-149.0%	-134.4%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	DEC '18	MAR '19	JUN '19	SEP '19	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	3.1%	4.2%	4.7%	4.5%	4.1%	4.5%	4.7%	5.1%	5.4%	5.6%	5.9%	6.3%	6.9%	7.2%	9.0%	10.0%	10.3%	10.5%	10.0%	10.3%	9.7%	9.8%	10.0%
ROCE	—	—	—	—	4.0%	5.0%	5.1%	4.7%	4.4%	4.4%	4.3%	4.6%	4.6%	4.6%	4.9%	5.1%	5.7%	5.9%	6.1%	5.4%	5.7%	5.8%	7.0%	8.1%	6.9%	6.5%	6.3%
Net margin	15.6%	15.0%	16.1%	19.7%	20.2%	25.0%	28.0%	26.8%	26.3%	27.1%	29.6%	32.3%	35.7%	36.9%	39.1%	41.3%	42.4%	44.7%	51.5%	57.2%	54.6%	48.0%	47.5%	46.6%	53.9%	65.8%	71.6%
EBITDA margin	22.0%	27.4%	29.7%	25.1%	26.2%	30.2%	30.7%	31.1%	30.5%	29.3%	29.8%	29.3%	30.3%	30.1%	30.3%	30.8%	33.0%	30.7%	28.5%	26.9%	26.4%	24.0%	22.5%	21.2%	17.7%	18.3%	15.3%
Debt / equity	—	—	—	—	0.19	0.19	0.19	0.19	0.11	0.11	0.10	0.10	0.09	0.09	0.09	0.09	0.12	0.12	0.11	0.11	0.10	0.10	0.04	0.04	0.00	0.00	0.00
Interest coverage	1.24	1.27	1.50	1.52	1.98	2.65	2.91	2.85	2.86	3.21	3.58	4.24	4.83	5.12	5.63	6.09	7.03	6.99	7.24	6.20	6.69	7.19	9.10	12.64	15.73	21.56	31.01
Asset turnover	—	—	—	—	0.10	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.10	0.10	0.11	0.11	0.11	0.11	0.12	0.13	0.13	0.14	0.11	0.09	0.08

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 12 periods

	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	495	495	495	495	495	495	495	495	495	495	495	495
Other equity / reserves	33,952	34,849	35,867	36,082	37,192	37,360	38,936	39,732	42,055	42,507	44,978	45,092
Total equity	34,447	35,344	36,362	36,577	37,688	37,855	39,431	40,227	42,550	43,002	45,473	45,587
Borrowings	6,329	6,663	3,960	3,637	3,334	3,317	4,834	4,290	4,103	1,777	45	45
Current liabilities	15,701	12,577	10,382	10,552	10,927	12,895	14,137	16,264	22,200	22,229	25,601	28,648
Non-current liabilities	7,030	6,661	5,718	5,569	5,051	5,107	6,690	6,083	4,692	3,674	3,800	3,868
Total assets	57,230	54,810	52,503	52,754	53,928	56,058	60,262	62,579	69,475	68,940	74,875	78,104
Property, plant & equipment	1,177	919	832	791	748	723	691	657	630	601	592	668
Capital work-in-progress	89	94	81	89	61	61	68	73	77	98	159	82
Investments	18,566	19,746	19,779	19,398	19,481	19,824	20,138	20,900	21,336	21,944	21,692	22,947
Inventories	22,486	21,087	20,107	19,676	19,361	19,570	21,154	21,620	24,621	24,567	24,717	25,453
Receivables	720	581	564	732	549	541	538	578	802	770	847	903
Cash & equivalents	1,615	1,045	306	478	211	780	1,394	457	753	1,137	2,273	992

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	1,468	2,037	2,957	-898	270	2,043	356	1,460	2,832	2,375	2,539	5,235	6,347
Cash from investing	3,924	98	-818	872	-1,965	5	6,517	154	267	-463	-1,529	-3,543	721
Cash from financing	-4,532	-1,547	-1,929	787	-232	875	-9,522	-2,184	-3,828	-2,011	176	-2,334	-5,547
Capex	949	869	645	215	3,409	604	206	14	148	64	116	96	129
Free cash flow	518	1,168	2,311	-1,113	-3,139	1,439	149	1,447	2,683	2,312	2,423	5,139	6,218
Dividends paid	518	550	786	4	816	170	808	199	497	743	987	1,234	1,480

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹668 cr1%

CWIP

₹82 cr0%

Investments

₹22,947 cr29%

Inventories

₹25,453 cr33%

Receivables

₹903 cr1%

Cash & equivalents

₹992 cr1%

Other assets

₹27,058 cr35%

Peer comparison

largest in Realty · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
DLF Ltd.	1,86,365	752.90	40.8	4.09	10.0%
Lodha Developers Ltd.	1,17,829	1,179.00	27.1	4.66	17.2%
Phoenix Mills Ltd.	77,076	2,154.90	59.2	8.47	14.3%
Prestige Estates Projects Ltd.	70,161	1,629.00	75.2	4.21	5.6%
Oberoi Realty Ltd.	63,230	1,739.00	47.6	3.31	7.0%
Godrej Properties Ltd.	54,473	1,809.30	40.4	2.81	7.0%
Brigade Enterprises Ltd.	18,210	558.15	25.1	2.55	10.1%
Anant Raj Ltd.	16,032	445.45	26.8	2.65	9.9%
Sobha Ltd.	13,640	1,275.40	71.4	2.88	4.0%
Aditya Birla Real Estate Ltd.	11,933	1,068.40	15.7	2.61	16.6%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+14.8%

6 months+21.7%

1 year-3.3%

3Y CAGR+8.3%

5Y CAGR+11.2%

10Y CAGR+18.0%

50-day avg₹670.97

200-day avg₹627.43

RSI (14)80

Compare DLF Ltd. with

DLF vs Lodha Developers DLF vs Phoenix Mills DLF vs Prestige Estates Projects DLF vs Oberoi Realty

FAQs

What is the share price of DLF Ltd.?

DLF Ltd. (DLF) closed at ₹752.90 on NSE on 06 Nov 2026.

What is the market cap of DLF Ltd.?

₹1,86,365 crore at the latest close.

What is the P/E ratio of DLF Ltd.?

40.8, on trailing-twelve-month earnings from its filings.

How fast is DLF Ltd. growing?

DLF Ltd.: revenue has compounded at 12.9% a year over three years; net profit at 29.4% a year. Latest-quarter revenue is down 23.3% year on year, profit up 10.3%.

How profitable is DLF Ltd.?

On a trailing-twelve-month basis return on equity is 10.0%, return on capital employed 6.3%, operating margin 15.3%, net margin 71.6%.

How much debt does DLF Ltd. have?

DLF Ltd. is debt-free: debt to equity is 0.00 with borrowings of ₹45 cr against cash of ₹992 cr (balance sheet of 2026-09-30). Operating profit covers interest 31.0 times.

Financials parsed from DLF Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '20. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.