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DLF

₹838.2 -2.6 | 0.3%

Market Cap ₹207468 Cr.

Stock P/E 127.2

P/B 7.4

Current Price ₹838.2

Book Value ₹ 113.2

Face Value 2

52W High ₹967

Dividend Yield 0.6%

52W Low ₹ 689.9

DLF Research see more...

Overview Inc. Year: 1963Industry: Construction - Real Estate

DLF Ltd is an India-based company, which is engaged in the enterprise of colonization and property development. The operations of the Company include all components of real estate development, from the identity and acquisition of land, to making plans, execution, construction and advertising and marketing of projects. It is likewise engaged in the business of leasing, generating power, hospitality and leisure activities. Its homes portfolio ranges from luxury residential complexes to smart townships. Its work places portfolio is an incorporated blend of office areas with food and beverage and entertainment services. It has evolved approximately 27.96 million sq meter residential vicinity and 4.2 million square/feet retail space. The Company's subsidiaries are Aaralyn Builders & Developers Private Limited, Abheek Real Estate Private Limited, Abhigyan Builders & Developers Private Limited and Americus Real Estate Private Limited, amongst others.

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DLF Share Price

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Volume
Price

Quarterly Price

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DLF Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

DLF Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 2386 3017 3622 3704 3056 3295 2370 3929 4054 3979 3243
Other Income 1454 1122 1296 757 793 420 2545 551 603 1194 835
Total Income 3840 4139 4918 4461 3850 3715 4915 4479 4657 5173 4078
Total Expenditure 1178 1433 2222 2204 2028 2085 1948 2399 2234 2038 2195
Operating Profit 2662 2707 2696 2258 1821 1630 2967 2081 2423 3135 1883
Interest 1667 1403 1385 1236 1023 740 590 575 436 321 286
Depreciation 78 56 75 99 132 125 96 83 77 76 70
Exceptional Income / Expenses -390 -29 513 -42 -121 0 1186 -45 -235 0 0
Profit Before Tax 527 1218 1750 880 545 766 3466 1378 1675 2739 1527
Provision for Tax 0 278 254 284 180 78 1202 325 340 428 276
Profit After Tax 527 940 1497 597 365 688 2264 1053 1335 2311 1251
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 527 940 1497 597 365 688 2264 1053 1335 2311 1251
Adjusted Earnings Per Share 3 5.3 8.4 3.3 2 3.1 9.1 4.3 5.4 9.3 5.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -18% -6% -0% 3%
Operating Profit CAGR -40% -3% 3% -3%
PAT CAGR -46% 6% 13% 9%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 17% 30% 30% 20%
ROE Average 4% 6% 6% 5%
ROCE Average 6% 7% 8% 8%

DLF Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 16644 17229 14118 14703 23435 23080 26805 26389 27230 28804 29065
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 7153 8096 6375 4760 2690 2000 2294 2098 1962 1050 1841
Other Non-Current Liabilities 901 1049 -1154 -815 -566 -2648 -1350 -1162 -911 -485 -312
Total Current Liabilities 12878 9610 8143 8210 5765 11049 11941 9993 7114 6421 6475
Total Liabilities 37575 35985 27482 26858 31323 33481 39689 37318 35394 35790 37069
Fixed Assets 1604 1605 603 528 472 438 523 425 378 341 304
Other Non-Current Assets 12482 13357 12658 12676 14435 12806 17879 22110 22415 22510 21915
Total Current Assets 23489 21023 14221 13655 16417 18078 21287 14783 12601 12939 14850
Total Assets 37575 35985 27482 26858 31323 33481 39689 37318 35394 35790 37069

DLF Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 315 460 911 941 809 893 3543 1335 619 137 46
Cash Flow from Operating Activities 1082 -36 849 -696 31 655 20 885 1855 1593 1090
Cash Flow from Investing Activities 1418 4489 3901 2103 -3939 1192 -4849 -256 210 31 180
Cash Flow from Financing Activities -2355 -4002 -4720 -1536 3991 803 2617 -1345 -2547 -1715 -1029
Net Cash Inflow / Outflow 145 451 30 -130 83 2651 -2212 -716 -482 -91 240
Closing Cash & Cash Equivalent 460 911 941 811 893 3543 1331 619 137 46 287

DLF Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 2.96 5.28 8.39 3.34 2.05 3.12 9.15 4.26 5.39 9.34 5.05
CEPS(Rs) 3.4 5.59 8.81 3.9 2.79 3.68 9.54 4.59 5.7 9.64 5.34
DPS(Rs) 2 2 2 2 2 2 2 2 3 4 5
Book NAV/Share(Rs) 92.82 96.15 78.98 82.33 127.08 101.17 108.29 106.61 110 116.36 117.42
Core EBITDA Margin(%) 50.61 52.52 38.66 40.51 33.64 36.74 17.8 38.95 44.88 48.78 32.31
EBIT Margin(%) 91.94 86.89 86.56 57.14 51.33 45.69 171.16 49.71 52.08 76.89 55.9
Pre Tax Margin(%) 22.08 40.38 48.32 23.77 17.85 23.23 146.25 35.08 41.33 68.83 47.09
PAT Margin (%) 22.08 31.16 41.32 16.11 11.95 20.86 95.54 26.81 32.94 58.07 38.59
Cash Profit Margin (%) 25.35 33.01 43.39 18.78 16.26 24.65 99.61 28.92 34.84 59.97 40.75
ROA(%) 1.41 2.56 4.72 2.2 1.26 2.12 6.19 2.74 3.67 6.49 3.43
ROE(%) 3.4 5.58 9.59 4.15 1.96 3.06 9.22 3.96 4.98 8.25 4.32
ROCE(%) 7.2 8.76 11.88 8.95 5.93 5.32 13.45 6.04 6.74 9.75 5.64
Receivable days 46.15 24.98 87.42 104.4 59.77 31.88 24.4 11.6 6.54 4.16 7.51
Inventory Days 1299.4 944.87 830.4 918.66 1158.66 1167.91 1697.6 1038.72 1005.99 938.46 1132.42
Payable days 450.2 261.34 117.05 117.98 149.21 152.67 163.56 127.43 227.99 387.18 386.09
PER(x) 59.73 30 13.66 44.47 98.46 64.72 15.03 67.45 70.52 38.24 177.72
Price/Book(x) 1.9 1.65 1.45 1.81 1.59 1.99 1.27 2.69 3.46 3.07 7.65
Dividend Yield(%) 1.13 1.26 1.75 1.34 0.99 0.99 1.45 0.7 0.79 1.12 0.56
EV/Net Sales(x) 18.78 13.03 7.94 9.36 13.3 13.72 16.22 19.26 24.08 22.8 69.14
EV/Core EBITDA(x) 16.84 14.52 10.67 15.36 22.32 27.73 12.96 36.37 40.29 28.94 119.07
Net Sales Growth(%) 10.97 26.46 20.05 2.27 -17.48 7.82 -28.08 65.77 3.18 -1.83 -18.51
EBIT Growth(%) -8.58 19.5 19.59 -32.49 -25.87 -4.04 169.43 -51.86 8.1 44.94 -40.76
PAT Growth(%) 5.04 78.44 59.2 -60.14 -38.78 88.27 229.32 -53.48 26.76 73.05 -45.85
EPS Growth(%) 0.16 78.39 59.04 -60.14 -38.79 52.18 193.65 -53.48 26.76 73.05 -45.86
Debt/Equity(x) 0.84 0.7 0.67 0.62 0.25 0.19 0.23 0.2 0.14 0.11 0.11
Current Ratio(x) 1.82 2.19 1.75 1.66 2.85 1.64 1.78 1.48 1.77 2.02 2.29
Quick Ratio(x) 1.19 1.41 0.64 0.49 1.16 0.61 0.89 0.31 0.27 0.49 0.7
Interest Cover(x) 1.32 1.87 2.26 1.71 1.53 2.03 6.87 3.4 4.85 9.54 6.35
Total Debt/Mcap(x) 0.44 0.43 0.46 0.34 0.16 0.1 0.18 0.08 0.04 0.03 0.01

DLF Shareholding Pattern

# Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Promoter 74.95 74.95 74.95 74.95 74.95 74.08 74.08 74.08 74.08 74.08
FII 14.93 14.9 14.84 14.66 15.3 15.89 15.75 16.53 16.16 16.65
DII 4.57 4.8 5.09 5.22 4.87 5.27 5.47 4.77 4.81 4.65
Public 5.56 5.35 5.12 5.17 4.88 4.76 4.7 4.62 4.95 4.62
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 387.18 to 386.09days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 6% over the last 3 years.
  • Stock is trading at 7.4 times its book value.
  • Earnings include an other income of Rs. 835 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

DLF News

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