DLF Limited (DLF) AI Stock Analysis

• Market Cap: ₹1.79T
• Dividend Yield: 0.83%
• Average Volume (3M): 60.68K
• Price to Earnings (P/E): 39.9
• Beta (1Y): 1.91
• Revenue Growth: 46.84%
• EPS Growth: 57.59%
• Country: IN
• Employees: 2,507
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 3.10
• Shares Outstanding: 2,475,311,500
• 10 Day Avg. Volume: 71,337
• 30 Day Avg. Volume: 60,681
• PEG Ratio: 0.63
• Price to Book (P/B): 3.86
• Price to Sales (P/S): 20.54
• P/FCF Ratio: 31.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹850.00
• Price Target Upside: 17.66% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 66 Neutral
• Price Target: ₹821.00 ▲(13.65% Upside)

DLF Limited's strong financial performance is the primary driver of its overall score, supported by solid revenue growth and profitability. However, the technical analysis indicates a lack of strong momentum, and the high P/E ratio suggests overvaluation, which tempers the overall score.

DLF Limited Business Overview & Revenue Model

Company Description

DLF Limited, together with its subsidiaries, engages in the business of colonization and real estate development in India. Its activities include identification and acquisition of land; and planning, execution, construction, and marketing of projects. The company develops and sells residential properties, such as land, plots, apartments, and commercial units; and commercial and retail properties. It also engages in the lease of developed office space, ITes, and retail properties. In addition, the company owns and operates The Lodhi and the Hilton Garden Inn in New Delhi; and golf and country clubs. Further, it engages in the provision of maintenance services; generation and sale of power; and recreational activities. DLF Limited was founded in 1946 and is based in Gurugram, India. DLF Limited is a subsidiary of Rajdhani Investments & Agencies Private Limited.

How the Company Makes Money

DLF Limited generates revenue through several key streams. The primary source of income is the sale of residential properties, including apartments and luxury homes. Additionally, the company earns significant revenue from leasing commercial office spaces and retail properties. DLF's rental income is bolstered by its extensive portfolio of leased office spaces and shopping malls. Furthermore, the company engages in joint ventures and partnerships to develop large-scale projects, which can provide substantial financial returns. DLF also benefits from its land bank, strategically located in high-demand areas, enabling the company to capitalize on real estate appreciation over time.

DLF Limited Financial Statement Overview

Summary

DLF Limited exhibits strong financial health with robust revenue and profitability growth, a stable balance sheet, and impressive cash flow management. The company has a high net profit margin and efficient operations, indicating a positive outlook for future performance.

Income Statement

DLF Limited shows a robust improvement in revenue and profitability. The gross profit margin for the latest period stands at 48.3%, and the net profit margin is an impressive 54.6%, indicating strong cost management and pricing power. Revenue growth is consistent, with a notable increase from the previous year. EBIT and EBITDA margins are healthy at 24.5% and 26.4% respectively, reflecting efficient operations and solid earnings before interest and taxes.

Balance Sheet

The company maintains a strong equity position with an equity ratio of 61.2%, indicating a stable capital structure. The debt-to-equity ratio is moderate at 9.6%, showing a manageable level of leverage. Return on equity is remarkably high at 10.3%, showcasing effective use of shareholder funds to generate profits. Overall, the balance sheet reflects financial stability and prudent financial management.

Cash Flow

DLF Limited demonstrates impressive cash flow management with significant free cash flow growth of 112.1%. The operating cash flow to net income ratio is healthy at 1.2, indicating that the company generates ample cash relative to its net income. The free cash flow to net income ratio is equally strong at 1.2, suggesting efficient conversion of earnings into cash. The cash flow position supports the firm's ability to fund operations and growth initiatives.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	93.48B	79.94B	62.49B	56.82B	57.09B	54.05B
Gross Profit	37.27B	38.62B	34.20B	32.48B	29.64B	24.38B
EBITDA	28.41B	28.08B	26.55B	20.43B	19.39B	18.52B
Net Income	44.85B	43.68B	27.27B	20.36B	15.01B	10.94B
Balance Sheet
Total Assets	0.00	694.75B	602.62B	539.28B	525.03B	548.10B
Cash, Cash Equivalents and Short-Term Investments	109.98B	109.98B	43.22B	27.46B	11.75B	21.26B
Total Debt	0.00	41.03B	48.34B	33.36B	41.82B	67.85B
Total Liabilities	-425.50B	269.25B	208.31B	162.36B	161.22B	194.45B
Stockholders Equity	425.50B	425.50B	394.31B	376.88B	363.62B	353.44B
Cash Flow
Free Cash Flow	0.00	51.39B	24.23B	23.12B	26.83B	14.47B
Operating Cash Flow	0.00	52.35B	25.39B	23.75B	28.32B	14.60B
Investing Cash Flow	0.00	-35.43B	-15.29B	-4.63B	2.63B	1.54B
Financing Cash Flow	0.00	-24.03B	1.77B	-20.13B	-38.28B	-21.84B

DLF Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 722.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DLF, the sentiment is Negative. The current price of 722.4 is below the 20-day moving average (MA) of 751.61, below the 50-day MA of 764.36, and below the 200-day MA of 749.94, indicating a bearish trend. The MACD of -12.87 indicates Positive momentum. The RSI at 40.12 is Neutral, neither overbought nor oversold. The STOCH value of 15.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DLF.

DLF Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DLF	66 Neutral	₹1.79T	39.87	―	0.83%	46.84%	57.59%
OBEROIRLTY	66 Neutral	₹580.02B	28.13	14.17%	0.50%	-4.15%	-5.81%
GODREJPROP	62 Neutral	₹611.70B	40.21	8.09%	―	45.90%	25.36%
LODHA	60 Neutral	₹1.14T	38.34	13.70%	0.37%	24.94%	57.06%
PHOENIXLTD	58 Neutral	₹559.15B	52.42	9.42%	0.16%	-5.13%	-2.32%
PRESTIGE	54 Neutral	₹664.44B	123.58	3.03%	0.12%	-13.75%	-62.65%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

DLF Limited Corporate Events

DLF Limited Announces 60th Annual General Meeting

DLF Limited announced the scheduling of its 60th Annual General Meeting (AGM) on August 4, 2025, to be conducted via video conferencing. The AGM will address key business matters including the adoption of financial statements, declaration of dividends, reappointment of directors, and approval of remuneration for auditors. The meeting reflects DLF’s compliance with regulatory requirements and its commitment to engaging with stakeholders effectively.

DLF Limited Sets Record Date for FY 2024-25 Dividend

DLF Limited has announced that it has set the record date for its dividend payment for the financial year 2024-25 as July 28, 2025. The company had earlier recommended a dividend of ₹6 per equity share, subject to shareholder approval at the upcoming Annual General Meeting on August 4, 2025. If approved, the dividend will be distributed to shareholders by September 2, 2025, with applicable tax deductions. This announcement underscores DLF’s commitment to providing returns to its shareholders and may positively impact its market standing and investor relations.

DLF Limited Announces Record Date for FY 2024-25 Dividend Payment

DLF Limited has announced the record date for the payment of a dividend of ₹6 per equity share for the financial year 2024-25, which is contingent upon shareholder approval at the upcoming Annual General Meeting on August 4, 2025. The record date is set for July 28, 2025, and if approved, the dividend will be distributed by September 2, 2025, subject to tax deductions, reflecting the company’s commitment to rewarding its shareholders.

DLF Limited Releases FY 2024-25 Sustainability Report

DLF Limited has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2024-25, which is part of its annual report. The report, which includes a Reasonable Assurance Statement from an independent provider, highlights DLF’s commitment to sustainability and responsible business practices. This announcement underscores DLF’s focus on integrating sustainability into its operations, potentially enhancing its reputation and positioning within the real estate industry, and providing stakeholders with insights into its sustainable development initiatives.