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    DLF Limited

    One of India's largest realty developers — luxury homes plus a ~50 msf leased office-and-mall portfolio

    Realty
    Consumer Discretionary
    View DLF earnings calls
    ₹624.5
    +6.23% from avg

    Overview

    Price

    ₹624.5

    Market Cap

    ₹1.6L Cr

    Sector

    Realty

    Consumer Discretionary

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital495495495495495495495495
    Reserves34.0k34.8k35.9k37.2k38.9k42.1k42.5k45.0k
    Borrowings8.1k6.9k4.2k3.3k4.8k4.1k1.8k306
    Other Liabilities13.3k11.3k10.6k11.6k14.8k21.8k24.2k27.7k
    Total Liabilities55.9k53.5k51.2k52.6k59.1k68.5k68.9k73.5k
    AssetsFixed Assets5.2k4.9k4.9k4.8k3.9k3.5k3.5k4.1k
    CWIP89958161718698162
    Investments18.6k19.7k19.8k19.5k20.1k21.3k21.9k21.7k
    Other Assets32.0k28.8k26.4k28.2k35.0k43.5k43.4k47.5k
    Total Assets55.9k53.5k51.2k52.6k59.1k68.5k68.9k73.5k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating2.0k3561.5k2.8k2.4k2.5k5.2k6.3k
    Cash from Investing36.5k150267-461-1.5k-3.5k721
    Cash from Financing875-9.5k-2.2k-3.8k-2.0k177-2.4k-5.5k
    SummaryCapital Expenditure
    Free Cash Flow1.5k2171.5k2.7k2.3k3.2k5.1k6.2k
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    DLF · CAPITAL_INTENSIVE

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