Valuation DLF Limited

Stocks

Delayed NSE India S.E. Other stock markets 01:01:09 2026-06-23 EDT			5-day change	1st Jan Change
634.50 ^INR	+1.10%		+0.77%	-7.75%

05-18	Nomura Upgrades DLF to Buy from Neutral; Price Target is INR740	MT
05-15	Jefferies Adjusts DLF's Price Target to INR815 From INR800, Keeps at Buy	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	710,538	941,732	882,944	2,220,355	1,684,450	1,553,506	-	-
Change	-	32.54%	-6.24%	151.47%	-24.14%	-7.77%	-	-
Enterprise Value (EV) ¹	751,591	971,804	888,829	2,221,042	1,678,546	1,167,670	1,438,484	1,395,480
Change	-	29.3%	-8.54%	149.88%	-24.43%	-30.44%	-2.76%	-2.99%
P/E	64.9x	62.8x	43.4x	81.4x	38.6x	28.3x	30.1x	23.6x
PBR	2.01x	2.59x	2.34x	5.63x	3.96x	2.74x	3.23x	2.94x
PEG	-	1.7x	1.2x	2.4x	0.6x	26.27x	1.7x	0.9x
Capitalization / Revenue	13.1x	16.5x	15.5x	34.5x	21.1x	15.2x	15.5x	12.4x
EV / Revenue	13.9x	17x	15.6x	34.6x	21x	14.3x	14.4x	11.1x
EV / EBITDA	53x	55.8x	51.5x	105x	79.6x	80.6x	45.9x	34x
EV / EBIT	59.7x	61x	56.4x	112x	85.7x	89.4x	45.2x	32.6x
EV / FCF	52x	36.2x	36.6x	91.7x	32.7x	18.7x	25.2x	24.2x
FCF Yield	1.92%	2.76%	2.73%	1.09%	3.06%	5.34%	3.98%	4.13%
Dividend per Share ²	2	3	4	5	6	8	8.827	11.17
Rate of return	0.7%	0.79%	1.12%	0.56%	0.88%	1.59%	1.41%	1.78%
EPS ²	4.42	6.06	8.22	11.02	17.64	17.83	20.85	26.54
Distribution rate	45.2%	49.5%	48.7%	45.4%	34%	44.9%	42.3%	42.1%
Net sales ¹	54,141	57,174	56,948	64,270	79,937	81,940	100,196	125,620
EBITDA ¹	14,178	17,426	17,259	21,236	21,086	14,484	31,326	41,083
EBIT ¹	12,583	15,931	15,772	19,756	19,580	13,060	31,845	42,820
Net income ¹	10,936	15,009	20,340	27,235	43,676	44,147	51,775	65,988
Net Debt ¹	41,053	30,072	5,886	687	-5,904	-80,135	-115,022	-158,026
Reference price ²	287.05	380.45	356.70	897.00	680.50	627.60	627.60	627.60
Nbr of stocks (in thousands)	2,475,312	2,475,312	2,475,312	2,475,312	2,475,312	2,475,312	-	-
Announcement Date	6/11/21	5/17/22	5/12/23	5/13/24	5/19/25	5/13/26	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
DLF LIMITED	35.37x	16.21x	63.98x	1.07%	16.44B
SUN HUNG KAI PROPERTIES LIMITED	14.45x	4.54x	12.45x	3.46%	41.99B
EMAAR PROPERTIES	6.54x	0.9x	1.81x	7.72%	31.04B
MITSUBISHI ESTATE CO., LTD.	22.23x	4.36x	18.3x	1.14%	29.8B
CHINA RESOURCES LAND LIMITED	8.11x	1.43x	7.16x	4.4%	28.36B
MITSUI FUDOSAN CO., LTD.	15.23x	3.15x	15.57x	2.3%	24.89B
ALPHA DHABI HOLDING	15.98x	1.02x	6.73x	2.33%	21.92B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	15.65x	6.74x	19.12x	1.21%	20.27B
CK ASSET HOLDINGS LIMITED	9.13x	2.2x	7.56x	4.07%	19.96B
CHINA OVERSEAS LAND & INVESTMENT LIMITED	10.24x	1.66x	14.1x	3.69%	18.33B
Average	15.29x	4.22x	16.68x	3.14%	25.3B
Weighted average by Cap.	14.62x	3.82x	14.67x	3.33%