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DLF · NSE · Residential Commercial Projects

DLF Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Real Estate
fair low confidence No valuation within 120 days; P/E 36.1 vs peers 42.2 (6th of 13); P/B 4.0 vs peers 2.9 (8th of 10).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is DLF's share price today?

DLF last traded at ₹650.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.2% on the day, down 12.5% over a year. Its 52-week range is ₹489 to ₹786. The live price is in the app.

₹650.00 +0.2% today
−12.5% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range54% of the way up
Low ₹489High ₹786

What is DLF's market cap?

DLF's market capitalisation is about ₹1.61 lakh crore: what it would cost to buy every share at today's price. That makes it the 54th largest large cap company we cover.

₹1.6 L Cr Large Cap54th largest large cap company
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: DLF
ISIN
INE271C01023
Cap bucket
Large Cap, 54th largest by market cap
Industry (NSE)
Consumer Discretionary › Realty › Residential Commercial Projects
Listed since
2007
Futures and options
Traded

Is DLF overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 36.1 vs peers 42.2 (6th of 13); P/B 4.0 vs peers 2.9 (8th of 10).

Valuation

Latest price and trailing 12 months
P/E 36.11
vs peers 42.2 · 6th of 13
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 3.95
vs peers 2.9 · 8th of 10
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹1.61 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 1.6%
vs peers 0.6% · 4th of 9
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 1.23
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is DLF a quality business?

Quality score 59.1, 7th of 13 in its peer set; CLEAN on 28 of 30 flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 59.1
vs peers 57.2 · 7th of 13
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level CLEAN
28 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 12.3%
vs peers 5.4% · 3rd of 13
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 14.0%
vs peers 6.4% · 3rd of 13
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 51.1%
vs peers 17.8% · 1st of 13
Profit after everything, as a share of revenue. Learn more →
EPS ₹10.59
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
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Has DLF made money for shareholders?

Mixed: −12.5% over one year and +10.1% a year over five years.

Shareholder returns

1-year return −12.5%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +10.1% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−3.6%
1M
+4.5%
3M
−5.0%
6M
+14.1%
1Y
−12.5%
3Y
+6.2%
5Y
+10.1%

Does DLF pay a dividend?

Yes. DLF's dividend yield is 1.59% at the latest price; the last payout was ₹8.00 a share, ex-dividend 27 Jul 2026.

Dividends

Per share, by ex-dividend date
Dividend yield1.59%
The past 12 months' dividends as a share of today's price.
27 Jul 2026 · Final₹8.00
28 Jul 2025 · Final₹6.00
31 Jul 2024 · Final₹5.00
28 Jul 2023 · Final₹4.00
2 Aug 2022 · Final₹3.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is DLF growing?

Revenue 3 years 18.7% a year; profit 3 years 29.4% a year; revenue 5 years 7.2% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 18.7% a year
vs peers 15.5% · 5th of 11
Compound annual growth of revenue over three years. Learn more →
Profit 3 years 29.4% a year
vs peers 31.1% · 7th of 11
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 7.2% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years 24.3% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years 29.4% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years 32.2% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history -40.6%
vs peers -22.2% · 3rd of 8
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did DLF do last quarter?

DLF reported revenue of ₹1,280 Cr, up 2.5% on a year earlier and a net profit of ₹308 Cr, down 2.7% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹1,280 Cr
+2.5% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹308 Cr
−2.7% on a year earlier
What was left for shareholders after every cost and tax.

How does DLF compare with its peers?

Compared with 13 Realty (the industry, as the basic industry was too small); 6th of 13 on P/E; 7th of 13 on quality score.

Compared with 13 Realty (the industry, as the basic industry was too small)

13 companies

DLF against its peers

Largest 10 of 13 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
DLF Ltd₹1.6 L Cr36.14.012.3%14.0%−12.5%
Lodha Developers Ltd₹1.1 L Cr25.83.114.4%15.0%−7.8%
Phoenix Mills Ltd₹64,851 Cr50.79.85.0%6.3%+11.7%
Oberoi Realty Ltd₹61,769 Cr23.33.212.9%15.0%+7.0%
Prestige Estates Projects Ltd₹60,595 Cr53.24.01.0%4.3%−12.9%
Knowledge Realty Trust₹49,874 Cr63.5—10.6%10.2%−3.4%
Godrej Properties Ltd₹46,690 Cr29.22.50.8%2.8%−26.1%
Embassy Office Parks REIT₹40,848 Cr108.0—5.8%6.5%+2.3%
Bagmane Prime Office REIT₹36,122 Cr————+2.5%
Mindspace Business Parks REIT₹32,685 Cr42.01.64.2%5.3%+7.9%
Brookfield India Real Estate Trust₹26,999 Cr42.4—4.3%4.9%−5.0%
Peer median—42.22.95.4%6.4%−3.4%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns DLF?

DLF is held by promoters 74.1%, foreign institutions 11.4%, domestic institutions 9.1%.

Shareholding pattern

Latest filing, percent of shares
Promoters74.1%
The founders and controlling group.
Foreign institutions11.4%
Overseas funds investing through the FPI route.
Domestic institutions9.1%
Indian insurers, banks, pension and mutual funds together.
Mutual funds6.9%
Indian mutual fund schemes; part of domestic institutions.
Retail and others2.4%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about DLF?

21 analysts cover DLF, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

21 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does DLF do and what is it sensitive to?

DLF develops and sells residential properties and leases commercial office, retail mall, and hospitality spaces across India. Sensitive to: interest rate movements.

Business-model card

FY2025 · 37 verified
4Revenue
4Channels
2Regulators
2Reg. dependencies
4Sensitivities
5Costs
3Geographies

DLF develops and sells residential properties and leases commercial office, retail mall, and hospitality spaces across India. It earns revenue from residential unit sales, high-occupancy commercial and retail leasing, and hotel and club operations.

Revenue engine

4 verified
Residential development sales
New sales bookings from residential projects including super-luxury (The Dahlias) and luxury offerings (DLF Privana)
Commercial and office rental
Leasing operational office spaces in tech parks and corporate buildings at high occupancy; India's office sector driven by Global Capability Centres and BFSI
Retail mall leasing
Leasing retail stores and mall spaces; delivers growth through tenant mix refinement and entertainment/dining experiences
1 more statement
Hospitality operations
Operating hotels including The Lodhi and Hilton Garden Inn, plus premium golf and country clubs in residential developments

Customers & channels

4 verified
Individual residential customers
Homebuyers purchasing residential units across premium and luxury segments in top seven cities
Corporate office tenants
Global Capability Centres, Banking/Financial Services/Insurance companies leasing commercial office spaces for skilled workforce
Retail store operators and shoppers
Retail chains and premium luxury brands leasing mall space; consumers visiting shopping, dining and entertainment venues
1 more statement
Hotel guests and club members
Hotel guests at The Lodhi and Hilton properties; premium club members at DLF Golf & Country Club and other integrated developments

Regulators

2 verified
Ministry of Culture / Archaeological authorities
Govern preservation of ancient monuments and archaeological sites that may be in development zones
State pollution control boards
Govern air quality and environmental standards; can mandate construction activity halts

Regulatory dependencies

2 verified
Development guidelines, environmental clearance and zoning regulations
Changes in guidelines, clearance processes and zoning affect what can be built where and at what density; delay approval timelines and impact project economics
Construction activity halts due to pollution regulation
Government-mandated stoppages increase project delays and delivery costs, delaying revenue recognition

Sensitivities

4 verified
Interest rate movements
Higher rates increase borrowing costs for company and reduce customer affordability; variable-rate borrowings of ₹321 billion exposed to rate rises
Inflation in construction and material costs
Rising costs compress project margins and increase delivered unit prices affecting affordability
Air pollution and environmental deterioration
Triggers regulatory construction halts, delaying revenue recognition and increasing project costs
1 more statement
Climate events and natural disasters
Floods, cyclones, heatwaves and rising sea levels damage rental and residential assets and increase repair/replacement costs

Cost inputs

5 verified
Land and development rights acquisition
Purchase of land and exclusive development rights; major capital and balance-sheet cost with borrowing cost capitalization
Borrowing costs (interest expense)
Finance charges on term loans (₹30.8 crore) and debentures; major operating cost that varies with interest rates and debt levels
Brokerage, advertising and sales promotion
Marketing and sales costs to launch projects and convert bookings; ₹34.4 crore in FY25, up 66% from ₹20.7 crore prior year
2 more statements
Legal and professional services
Regulatory compliance, project approvals, litigation and tax advisory costs; ₹25.4 crore in FY25
Power and utilities for operational properties
Electricity, water, HVAC and other utilities for commercial, retail and hospitality properties; ₹2.5 crore in FY25

Geographies

3 verified
Top seven Indian cities
Primary market for residential; Bengaluru, Delhi-NCR, Mumbai, Hyderabad; reached 4.59 lakh unit sales with strong growth in sales value
National presence across 132 locations
Operations and projects across multiple states and union territories; upcoming expansions in Gurugram, Delhi and Goa
Delhi-NCR and Gurugram
Major market for residential, commercial office, retail malls and hospitality; hosts flagship super-luxury and luxury projects
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (3 Aug 2026).

Change log

8 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Corporate actionDividend - Rs 8 Per Share.
  3. Results filedQ4 FY2026 results filed.
  4. Results filedQ3 FY2026 results filed.
  5. Results filedQ2 FY2026 results filed.
  6. Results filedQ1 FY2026 results filed.
  7. Corporate actionDividend - Rs 6 Per Share.
  8. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsCLEAN on 28 of 30 flags judged; no red flag; 2 could not be judged.
  • Data gapsPEG (vendor), Business quality: not available yet.
Not applicable to this company · 1
  • Altman ZAltman Z is a manufacturing model; a service business has no inventory or plant turnover for it to read.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓231 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 37 verified

Questions people ask

What is DLF's share price today?

DLF last traded at ₹650.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.2% on the day, down 12.5% over a year. Its 52-week range is ₹489 to ₹786. The live price is in the app.

What is DLF's market cap?

DLF's market capitalisation is about ₹1.61 lakh crore: what it would cost to buy every share at today's price. That makes it the 54th largest large cap company we cover.

Is DLF Ltd a large cap, mid cap or small cap?

DLF Ltd (DLF) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is DLF Ltd's P/E ratio?

36.11, vs peers 42.2 · 6th of 13. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is DLF Ltd overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 36.1 vs peers 42.2 (6th of 13); P/B 4.0 vs peers 2.9 (8th of 10).

How does DLF Ltd make money?

DLF develops and sells residential properties and leases commercial office, retail mall, and hospitality spaces across India. It earns revenue from residential unit sales, high-occupancy commercial and retail leasing, and hotel and club operations.

Who are DLF Ltd's peers?

Compared with 13 Realty (the industry, as the basic industry was too small): Lodha Developers Ltd, Phoenix Mills Ltd, Oberoi Realty Ltd, Prestige Estates Projects Ltd, Knowledge Realty Trust and 8 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did DLF do last quarter?

DLF reported revenue of ₹1,280 Cr, up 2.5% on a year earlier and a net profit of ₹308 Cr, down 2.7% in the Jun 2026 quarter.

Who owns DLF?

DLF is held by promoters 74.1%, foreign institutions 11.4%, domestic institutions 9.1%.

Does DLF pay a dividend?

Yes. DLF's dividend yield is 1.59% at the latest price; the last payout was ₹8.00 a share, ex-dividend 27 Jul 2026.

What do analysts say about DLF?

21 analysts cover DLF, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on DLF, and 6,621 other companies, with 212 filters and the full peer tables

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