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DLF Limited (IN:DLF)
:DLF
India Market
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DLF Limited (DLF) AI Stock Analysis

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IN:DLF

DLF Limited

(DLF)

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Outperform 70 (OpenAI - 5.2)
Rating:70Outperform
Price Target:
₹624.00
▼(-12.30% Downside)
Action:Reiterated
Date:05/18/26
The score is primarily driven by strong financial performance—especially very low leverage and solid cash-backed profitability—tempered by weak technical trends (trading below major moving averages) and a relatively high P/E with only a modest dividend yield.
Positive Factors
Low leverage
Exceptionally low debt-to-equity (~0.007) and steadily built equity materially reduce financial risk and interest burden. This durability gives management optionality to fund projects, withstand cyclical slowdowns, and pursue opportunistic investments without immediate external financing pressure.
Negative Factors
Revenue decline & margin pressure
A notable revenue decline (-12.3%) and weaker gross/operating margins highlight vulnerability in sales recognition and pricing. If sustained, reduced top-line and margin compression could constrain reinvestment, slow portfolio growth, and pressure return metrics that underpin long‑term capital allocation choices.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Exceptionally low debt-to-equity (~0.007) and steadily built equity materially reduce financial risk and interest burden. This durability gives management optionality to fund projects, withstand cyclical slowdowns, and pursue opportunistic investments without immediate external financing pressure.
Read all positive factors

DLF Limited (DLF) vs. iShares MSCI India ETF (INDA)

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 proje...
How the Company Makes Money
DLF makes money primarily through two broad models: (1) development-led sales income and (2) recurring rental income from leased commercial assets. In its development business, revenue is generated by selling residential units and other real estat...

DLF Limited Financial Statement Overview

Summary
Strong overall fundamentals supported by an exceptionally low-leverage balance sheet and robust, cash-backed profitability. Offsetting this, the latest year shows notable revenue decline and some margin weakening, indicating near-term cyclicality/recognition volatility typical for developers.
Income Statement
76
Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue93.48B81.94B79.94B64.27B56.95B57.17B
Gross Profit39.30B25.63B38.62B36.33B32.61B29.72B
EBITDA22.52B14.48B21.10B21.08B17.09B17.27B
Net Income44.85B44.15B43.68B27.27B20.36B15.01B
Balance Sheet
Total Assets0.00748.75B694.75B602.62B539.28B525.03B
Cash, Cash Equivalents and Short-Term Investments109.98B96.25B109.98B43.22B27.46B11.75B
Total Debt0.003.06B41.03B48.34B33.36B41.82B
Total Liabilities-425.50B294.01B269.25B208.31B162.36B161.22B
Stockholders Equity425.50B454.73B425.50B394.31B376.88B363.62B
Cash Flow
Free Cash Flow0.0082.22B51.39B24.23B23.12B26.83B
Operating Cash Flow0.0083.51B52.35B25.39B23.75B28.32B
Investing Cash Flow0.00-15.00B-35.43B-15.29B-4.63B2.63B
Financing Cash Flow0.00-53.24B-24.03B1.77B-20.13B-38.28B

DLF Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price711.50
Price Trends
50DMA
569.30
Positive
100DMA
611.16
Negative
200DMA
681.10
Negative
Market Momentum
MACD
-0.38
Positive
RSI
47.81
Neutral
STOCH
28.17
Neutral
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 711.5 is above the 20-day moving average (MA) of 591.73, above the 50-day MA of 569.30, and above the 200-day MA of 681.10, indicating a neutral trend. The MACD of -0.38 indicates Positive momentum. The RSI at 47.81 is Neutral, neither overbought nor oversold. The STOCH value of 28.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DLF.

DLF Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
₹591.74B20.580.48%15.16%12.66%
70
Outperform
₹1.44T28.270.86%2.51%1.05%
70
Outperform
₹624.03B33.380.14%15.98%15.62%
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
61
Neutral
₹879.22B16.770.39%21.02%23.73%
55
Neutral
₹517.35B23.9521.54%24.63%
52
Neutral
₹597.88B77.120.11%27.00%56.39%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:DLF
DLF Limited
583.15
-186.57
-24.24%
IN:GODREJPROP
Godrej Properties Limited
1,717.60
-463.20
-21.24%
IN:LODHA
Macrotech Developers Ltd.
880.10
-522.62
-37.26%
IN:OBEROIRLTY
Oberoi Realty Limited
1,627.45
-94.27
-5.48%
IN:PHOENIXLTD
Phoenix Mills Ltd.
1,744.85
128.45
7.95%
IN:PRESTIGE
Prestige Estates Projects Limited
1,388.05
-44.35
-3.10%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: May 18, 2026