TickerSutra

NSE: DLF · BSE: 532868 · ISIN INE271C01023

DLF Limited stock analysis

DLF Limited ranks #1308 in the TickerSutra evidence-ranked universe with a score of 54/100 and 95% data confidence. The latest captured fundamentals show ROCE of 6.3%, quarterly sales growth of -52.9% and quarterly profit growth of 4.1%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE54/100

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#1308 of 5,430 ranked equities
Market capitalisation₹1,67,418.25cr
ROCE6.3%
Quarterly sales growth-52.9%
Quarterly profit growth4.1%
P/E ratio38.9×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.01×
  • Strong CFO/EBITDA of 4.38×
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Operating margin has compressed materially

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹5,717cr₹1,743cr₹1,500cr30.0%
2023₹5,695cr₹1,726cr₹2,034cr30.0%
2024₹6,427cr₹2,124cr₹2,724cr33.0%
2025₹7,994cr₹2,109cr₹4,367cr26.0%
2026₹8,194cr₹1,449cr₹4,415cr18.0%
TTM₹6,758cr₹1,234cr₹4,446cr18.0%
Debt / equity0.01×
CFO / EBITDA4.38×
Operating margin18.0%
Free cash flow₹6,231cr
Sales CAGR · 3Y12.9%
Profit CAGR · 3Y29.5%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts2 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Pricing commentaryModerate severity · 6 mentions
Constructive

So the profitability would have also increased substantially. So going forward, since we have 2 more phases left here, we can look at a higher sales velo city or we're going to look at holding off a higher sales velocity because of further price increases? One is I don't think there's a direct binary at least...

Regulatory updatesModerate severity · 60 mentions
Watch

Such developments may lead to physical damage to assets, resulting in increased costs for repair and replacement, as well as subsequent property downtime, thereby impacting operational continuity and financial performance. A notable consequence of deteriorating environmental conditions is the escalation of pollution levels, which has prompted regulatory authorities to impose temporary halts on construction activities

Regulatory approvalLow severity · 13 mentions
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The Company maintains a proactive stance in monitoring regulatory developments and continuously refines its internal systems to ensure alignment with prevailing legal frameworks and industry best practices. Key initiatives include: • Clearly defined governance structure ensures all requisite statutory and regulatory approvals are obtained prior to the commencement of any project or business activity. • A structured d

Institutional interestLow severity · 7 mentions
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The Company approached SAT which held that the SEBI order cannot be sustained. In October 2015, SEBI filed applications before the Hon’ble Supreme Court seeking, restraint on the Company, its promoters and/ or directors from proceeding with the sale of 159,699,999 Cumulative Compulsorily Convertible Preference Shares of DLF Cyber City Developers Limited held by the promoter group companies to third party institutiona

Export market updatesLow severity · 1 mention
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within the limits specified by the Board; 4. Borrowing of monies by way of loan and/ or issuing and allotting Bonds/ Notes denominated in one or more foreign currency(ies) in international markets and possible strategic investments within the limits approved by the Board; 5. Approve opening and operation of investment management accounts with foreign banks and appoint them as agents, establishment of representative/

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

DIRECTOR & BUSINESS NETWORK

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