Companies›Consumer Discretionary›Realty›Realty
NSE:DLF

DLF LIMITED

Realty › Realty·NIFTY 100NIFTY 200NIFTY 500NIFTY INDIA FPI 150+7
₹666.25
at close · 28 Oct 2026
▼ 4.75 (-0.71%)

Latest filings

  1. DLF Q2 FY27: INR 3,800 crore bookings and INR 15,100 crore net cash · Investor Communications
  2. DLF shares link to Q2 FY27 earnings call recording · Investor Communications
  3. Newspaper publication of Q2FY27 unaudited financial results · Compliance
All filings ↓
Ask Nexa about DLF LIMITED

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Develops and sells residential and commercial real estate in India, with a focus on luxury housing in Gurugram and Mumbai, alongside a rental business that owns and leases office and retail properties. In FY26, new sales bookings totalled ₹20,143 crores and the company collected ₹13,500 crores from customers, with the super-luxury Dahlias project selling 32 apartments in Q4 at average prices of ₹90–100 crores per unit and Camellias at ₹1,20,000 per sq ft. The rental portfolio spans 50 million square feet at 95% occupancy; the rental subsidiary DCCDL posted ₹7,400 crores of revenue and ₹5,700 crores of EBITDA in FY26, with FY27 exit rent guided to ₹8,200 crores. The development business carries zero gross debt and the company sits on a net cash position of ₹14,155 crores, including ₹11,200 crores in RERA escrow. Materials are the biggest input at 59.2% of revenue, with employee costs at 7.8% and other operating expenses at 15.3%. The FY27 launch pipeline of ₹20,000 crores spans Gurugram (DLF City, Arbour Senior Living), Mumbai (Westpark Phase 2), and Goa.

Operating scale
New sales bookings
₹20,143 croresFY26
Customer collections
₹13,500 crores (+15% YoY)FY26
Rental portfolio
50 msf at 95% occupancyFY26
Dahlias average deal size
₹90–100 crores per apartment (32 sold in Q4 FY26)Q4 FY26
FY27 launch pipeline
₹20,000 crores across Gurugram, Mumbai and GoaFY27
Net cash position
₹14,155 crores (incl. ₹11,200 crores RERA escrow); zero gross debt in developmentFY26
Who pays it
Homebuyers of luxury residential apartments for development; corporate and retail tenants for office and retail leasing
Biggest cost
Materials (land and construction) at 59.2% of revenue
Kind of business
Asset-heavy real estate; cyclical development cash flows paired with a recurring rental annuity
Where it sits
Major Indian real estate developer with leadership in Gurugram luxury housing and described as a first-call for GCC office tenants in Gurgaon and Chennai
Market Cap
₹1.65 L Cr
P / E (TTM)
37.1×
EV / EBITDA
52.1×
Div Yield
0.90%
Growth
8.6%▲
Revenue 5y CAGR
PAT +32.5% · EBITDA +12.1%
Quality
5.4%·
ROCE (5y median)
ROE 6.9% (5y median) · margin 39.9%
Leverage
0.00·
Debt / Equity · low
Net cash ₹2,228 Cr
Revenue FY21→FY26
1.5×▲
Margin +33.9 pts
₹5,414 Cr → ₹8,194 Cr
Cash conversion
1.29×▲
Operating cash ÷ profit · 5 yrs
₹19,328 Cr on ₹15,039 Cr
Moves on a normal day
1.12%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 66 Residential Commercial Projects peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#46/57
P/B#57/64
ROCE#35/66
ROE#24/64
Debt / Equity#5/64
EBITDA margin#24/66
Revenue growth#61/67
Profit growth#37/66

Scorecard

Measured from the filed financials, judged against its Residential Commercial Projects peers · as of FY26 — not investment advice

Strengths
Profit compounding 33% a year over 5 years
Profit grew in every one of the last 5 years
Debt at 0.00× equity
lower than 94% of its 64 Residential Commercial Projects peers
Over 5 years it reported ₹15,039 Cr of profit and ₹19,328 Cr of operating cash — 1.29×
Profit is converting into cash
Pays out 34% of profit as dividend
Concerns
Returns on capital 5.4% (5-year median)
#35 of 66 in Residential Commercial Projects on the latest reported figures · up from 4.0% in FY21
Heavy working capital — 1062 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

DLF · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from DLF LIMITED's filed financials and exchange disclosures

What does DLF LIMITED do?

DLF LIMITED is a Realty company listed on NSE and BSE, trading under the symbol DLF.

Is DLF LIMITED profitable?

Yes. Over the trailing twelve months DLF LIMITED reported a net profit of ₹4,446 Cr on revenue of ₹6,758 Cr.

Does DLF LIMITED pay a dividend?

Yes. The dividend yield is 0.90% at the current price. It paid out 34% of its profit as dividend in FY26.

Is DLF LIMITED debt-free?

On a net basis, yes. It reported borrowings of ₹45 Cr on its 31 Mar 2026 balance sheet, but holds ₹2,228 Cr more cash than debt.

Is DLF LIMITED expensive compared with its peers?

On trailing P/E, DLF LIMITED ranks 46 of 57 in Residential Commercial Projects — cheaper than 20% of them, against an industry median of 20.5×. This is a position, not a valuation judgement.

How much does the DLF LIMITED share price move in a day?

On a typical session DLF LIMITED moves 1.12% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track DLF LIMITED's announcements?

Every NSE and BSE filing by DLF LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.