āagman

Not investment advice. Data and computed figures, for information only.

DLF Ltd

NSE: DLFF&O
₹670.50
+₹3.60 (+0.54%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹1,60,549 Cr
CMP
₹670.50
52-wk High / Low
₹787 / 489
P/E
37.3
P/B
3.5
Book Value
₹184.0
Div Yield
1.23%
ROCE
6.0%
ROE
9.5%
Face Value
₹2
D/E
0.01

Price−9.4% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹272
√(22.5 × EPS × book value per share)
ROIC
2.9%
vs 4.1% sector median
Cash flow to profit
1.44
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−168
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
5.1%
ROE × earnings retention ratio
ROE stability
2.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −2.11DII +2.12
Latest quarter vs the previous one
Cash-accrual divergence
−2.7%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 98.8% since FY2016 (25264 to 306)
+Price trades above its 200-day moving average (1.1x)
Watch-outs
−Latest ROCE of 6% trails the sector median of 7%
−Promoter holding fell by 0.9pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,4231,3481,5212,1351,3621,9751,5293,1282,7171,6432,0201,8141,280
Expenses1,0278851,0101,3811,1341,4731,1292,1502,3531,3591,6301,4031,130
Operating Profit396462511754229502400978364284390411150
OPM %27.8%34.3%33.6%35.3%16.8%25.4%26.2%31.3%13.4%17.3%19.3%22.7%11.7%
Other Income98129122182367206−94220264854399308325
Interest8590849810194941097963362118
Depreciation36373837373839373430304835
Profit before tax3734645128024585771741,0535151,045723649423
Net Profit5266226569206451,3811,0591,2827631,1801,2031,269794
EPS (₹)2.132.522.653.722.615.584.285.183.084.774.865.123.21

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7,6499,9268,2216,7078,3666,0835,4145,7175,6956,4277,9948,1946,758
Expenses4,6355,9604,7754,3296,2184,9373,9453,9743,9694,3035,8856,7465,523
Operating Profit3,0143,9663,4462,3782,1481,1461,4691,7431,7262,1242,1091,4491,234
OPM %39.4%40.0%41.9%35.5%25.7%18.8%27.1%30.5%30.3%33.0%26.4%17.7%18.3%
Other Income5035061,1359,7227841,1353831953175317001,8251,886
Interest2,3042,6802,9802,9512,0621,427853625392356397199138
Depreciation545766572534225200159149149148151142143
Profit before tax6681,0261,0308,6156466538401,1651,5022,1512,2612,9322,839
Net Profit5073057084,4771,314−5901,0831,5002,0342,7244,3674,4154,446
EPS (₹)3.031.724.0125.025.98−2.364.426.068.2211.0217.6417.8317.96

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital356357357357441495495495495495495495—
Reserves27,01323,71224,21634,95433,13533,95234,84935,86737,19238,93642,05544,978—
Borrowings24,49525,26429,20217,49117,2228,1036,8864,1823,3344,8344,103306—
Other Liabilities14,39812,39610,1797,78315,68413,34111,25810,62311,55114,80421,81927,685—
Total Liabilities66,26261,72963,95460,58566,48355,89053,48851,16752,57259,06968,47273,465—
Fixed Assets19,6193,94324,6408,0826,3225,1874,8564,8624,7853,8803,5024,114—
CWIP5,9011,779153137103899581617186162—
Investments62321,3101,20920,83221,00518,56619,74619,77919,48120,13821,33621,692—
Other Assets40,11934,69737,95231,53339,05332,04928,79126,44428,24534,98143,54947,497—
Total Assets66,26261,72963,95460,58566,48355,89053,48851,16752,57259,06968,47273,465—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,4682,0372,957−8982702,0433561,4602,8322,3752,5395,2356,347
Cash from Investing Activity3,92498−818872−2,10236,508150267−461−1,529−3,475721
Cash from Financing Activity−4,532−1,547−1,929787−232875−9,522−2,184−3,828−2,013177−2,403−5,547
Net Cash Flow860588210761−2,0642,921−2,658−573−729−981,186−6421,522

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %5.06.08.07.05.05.04.04.05.05.06.07.06.0
ROE %————————————9.5
EPS (₹)3.633.031.724.0125.025.98−2.364.426.068.2211.0217.6417.83
Book Value (₹)————————————184.0
Face Value (₹)————————————2
P/E————————————37.3
Div Yield %————————————1.23
NPM %7.16.22.97.627.314.4−8.218.725.433.839.150.244.1
OPM %30.039.040.042.035.026.019.027.030.030.033.026.018.0
D/E0.880.891.051.190.500.510.240.190.120.090.120.100.01
P/B————————————3.5

Growth

As of 11 Oct 2026
Compounded sales growth
10 years−2.0%
5 years+9.0%
3 years+13.0%
TTM−28.0%
Compounded profit growth
10 years+29.0%
5 years+29.0%
3 years+27.0%
TTM+2.0%
Stock price CAGR
10 years+16.0%
5 years+9.0%
3 years+5.0%
Last year−12.0%
Return on equity
10 years5.0%
5 years8.0%
3 years9.0%
Last year10.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.95%74.95%74.95%74.95%71.91%74.95%74.95%74.95%74.95%74.08%74.08%74.08%74.08%
FIIs18.15%18.15%18.15%16.25%21.27%18.33%17.39%15.39%14.66%16.53%16.27%13.54%11.43%
DIIs0.74%0.74%0.74%2.24%1.16%1.76%2.21%4.10%5.23%4.77%4.72%6.94%9.06%
Government—0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
Public6.16%6.16%6.16%6.56%5.66%4.96%5.45%5.56%5.16%4.62%4.93%5.43%5.41%
No. of shareholders3,80,0513,80,0513,80,0513,27,7943,10,3762,92,6863,32,9534,34,8714,22,1524,26,2534,92,1165,06,5724,85,492
Change since Jun 2023 (pp)
Promoters −0.87FIIs −6.72DIIs +8.32Public −0.75

Documents

As of 11 Oct 2026
Announcements
Board Meeting Intimation for Un-Audited Financial Results (Standalone And Consolidated) For The Quarter And Half-Year Ended 30Th September 2026Intimation Pursuant To The Provisions Of Regulation 31A Of The SEBI (LODR) Regulations, 2015Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPT

Corporate actions

As of 27 Jul 2026
27 Jul 2026DIVIDENDDividend - Rs 8 Per Share—
28 Jul 2025DIVIDENDDividend - Rs 6 Per Share—
31 Jul 2024DIVIDENDDividend - Rs 5 Per Share—
28 Jul 2023DIVIDENDDividend - Rs 4 Per Share—
2 Aug 2022DIVIDENDDividend - Rs 3 Per Share—
23 Aug 2021DIVIDEND Dividend - Rs 2 Per Share—
15 Sep 2020DIVIDEND Annual General Meeting/Dividend - Rs 0.80 Per Share—
12 Feb 2020DIVIDEND Interim Dividend - Rs 1.20 Per Share—
22 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 2 Per Share—
12 Sep 2018DIVIDEND Annual General Meeting/Dividend Re 0.80 Per Share (Purpose Revised)—
27 Mar 2018DIVIDEND Interim Dividend - Rs 1.20 Per Share (Purpose Revised)—
19 Sep 2017DIVIDEND Dividend - Rs 2/- Per Share—
28 Mar 2016DIVIDEND Interim Dividend - Rs 2/- Per Share (Purpose Revised)—
17 Aug 2015DIVIDEND Dividend - Rs 2/- Per Share—
19 Aug 2014DIVIDENDAnnual General Meeting/Dividend Rs.2/- Per Share—
30 Jul 2013DIVIDENDAnnual General Meeting/Dividend Rs 2/- Per Share—
24 Aug 2012DIVIDENDAnnual General Meeting/Dividend Rs 2 Per Share—
27 Jul 2011DIVIDENDDividend-Rs.2/- Per Share—
17 Sep 2010DIVIDENDAnnual General Meeting And Dividend Rs.2/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman