DLF Ltd - Stock Valuation and Financial Performance

BSE: 532868 | NSE: DLF | Construction - Real Estate | Large Cap

DLF Share Price

798.60 8.20 1.04%
as on 05-Nov'24 00:00

DeciZen - make an informed investing decision on DLF

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

DLF stock performance -

mw4me loader
P/E Ratio (SA):
179.26
Market Cap:
1,97,678.4 Cr.
52-wk low:
586.8
52-wk high:
967

Is DLF Ltd an attractive stock to invest in?

1. Is DLF Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that DLF Ltd is a average quality company.

2. Is DLF Ltd undervalued or overvalued?

The key valuation ratios of DLF Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is DLF Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of DLF Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of DLF:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
DLF Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.8%11.9%9%5.9%5.3%13.5%6%6.7%9.8%5.6%-
Value Creation
Index
-0.2-0.1-0.2-0.5-0.50.2-0.5-0.4-0.1-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,0173,6223,7043,0563,2952,3703,9294,0543,9793,2433,016
Sales YoY Gr.-20.1%2.3%-17.5%7.8%-28.1%65.8%3.2%-1.8%-18.5%-
Adj EPS 5.66.83.52.43.264.66.19.25.14.5
YoY Gr.-20.1%-48.1%-30.5%29.9%90.2%-23.6%31.5%52.2%-45.2%-
BVPS (₹) 96.27982.3127.1101.2108.3106.6110116.4117.4113.2
Adj Net
Profit
1,0041,2066274366991,4921,1401,5002,2821,2501,104
Cash Flow from Ops. -36.4849-69630.965520.48851,8551,5931,090-
Debt/CF from Ops. -331.611-13.1184.76.6300.8621.93.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.8%-0.3%-6.2%-18.5%
Adj EPS -1.2%9.8%3.1%-45.2%
BVPS2.3%3%3.3%0.9%
Share Price 20.2% 33% 22.9% 34.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
5.97.74.42.3364.35.68.24.33.9
Op. Profit
Mgn %
54.841.740.533.637.321.742.644.948.832.320.7
Net Profit
Mgn %
33.333.316.914.321.263293757.438.636.6
Debt to
Equity
0.70.70.60.30.20.20.20.10.10.10.1
Working Cap
Days
3,0012,1101,6171,8251,8002,9191,7151,3011,2461,600766
Cash Conv.
Cycle
7798259411,1261,1041,626958856731921384

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 3.90%

Sales growth has been subdued in last 3 years -6.20%

Net Profit has been subdued in last 3 years 3.09%

Sales growth is not so good in last 4 quarters at -15.84%

Latest Financials - DLF Ltd.

Standalone Consolidated
TTM EPS (₹) 4.5 14.6
TTM Sales (₹ Cr.) 3,016 6,993
BVPS (₹.) 113.2 162.5
Reserves (₹ Cr.) 27,526 39,732
P/BV 7.05 4.91
PE 179.26 54.85
From the Market
52 Week Low / High (₹) 586.80 / 967.00
All Time Low / High (₹) 72.50 / 1225.00
Market Cap (₹ Cr.) 1,97,678
Equity (₹ Cr.) 495.1
Face Value (₹) 2
Industry PE 71.5

Management X-Ray of DLF:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of DLF

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales3,0173,6223,7043,0563,2952,3703,9294,0543,9793,243
Operating Expenses 1,4332,2222,2042,0282,0851,9482,3992,2342,0382,195
Manufacturing Costs90144322367356286239246250264
Material Costs8751,5601,3751,1531,2791,0101,5481,4581,0301,062
Employee Cost 10890108144198206191239380351
Other Costs 360428398364252446420292378517
Operating Profit 1,5851,4001,5001,0281,2114221,5301,8191,9411,048
Operating Profit Margin (%) 52.5%38.7%40.5%33.6%36.7%17.8%38.9%44.9%48.8%32.3%
Other Income 1,1221,2967577934202,5455516031,194835
Interest 1,4031,3851,2361,023740590575436321286
Depreciation 5675991321259683777670
Exceptional Items -29513-42-12101,186-45-23500
Profit Before Tax 1,2181,7508805457663,4661,3781,6752,7391,527
Tax 278254284180781,202325340428276
Profit After Tax 9401,4975973656882,2641,0531,3352,3111,251
PAT Margin (%) 31.2%41.3%16.1%11.9%20.9%95.5%26.8%32.9%58.1%38.6%
Adjusted EPS (₹)5.38.43.32.13.19.24.35.49.35.1
Dividend Payout Ratio (%)38%24%60%98%64%22%47%56%43%99%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 17,13414,08814,68822,67222,33026,80526,38927,23028,80429,065
Share Capital 356357357357441495495495495495
Reserves 16,77713,73114,33122,31521,88826,31025,89426,73528,30928,570
Minority Interest0000000000
Debt10,5968,4097,7673,6463,3794,5334,4553,6202,9853,251
Long Term Debt8,0966,3754,7602,6902,0002,2942,0981,9621,0501,841
Short Term Debt2,5002,0343,0089561,3792,2392,3571,6581,9351,410
Trade Payables5485566068227217179601,1261,0581,188
Others Liabilities 7,7074,4303,7974,1847,0517,6355,5143,4192,9433,566
Total Liabilities 35,98527,48226,85831,32333,48139,68937,31835,39435,79037,069

Fixed Assets

Gross Block1,871635583565565706606612627635
Accumulated Depreciation266325593127183182234286331
Net Fixed Assets1,605603528472438523425378341304
CWIP 2,49128281519011111558
Investments 7,4763,8067,33510,2019,62814,75819,72119,99619,89619,484
Inventories7,5098,9729,6739,73211,35710,68811,67310,6719,79110,329
Trade Receivables2121,523596405171146104424984
Cash Equivalents 9541,0519231,0093,6131,7157062496841,492
Others Assets15,73811,4997,7759,4908,25511,8604,6893,9474,8745,368
Total Assets 35,98527,48226,85831,32333,48139,68937,31835,39435,79037,069

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -36849-69631655208851,8551,5931,090
PBT 1,1921,7508805457663,4661,3781,6752,7391,527
Adjustment 552-196749633399-2,951384176-763-458
Changes in Working Capital -1750-521-2200-1097-408-463-1024-50-300145
Tax Paid -85-295-126-51-101-3214754-83-124
Cash Flow From Investing Activity 4,4893,9012,103-3,9391,192-4,849-25621031180
Capex -482-319-95332-572,91675-148-45-19
Net Investments 293,818-1126992-44851131-383-876
Others 4,9424012,208-4,298258-7,317-3822274591,075
Cash Flow From Financing Activity -4,002-4,720-1,5363,9928032,617-1,345-2,547-1,715-1,029
Net Proceeds from Shares 00003,09400000
Net Proceeds from Borrowing -1,842-1,977-1,290-1,383-1,888252-455-406-411783
Interest Paid -1,793-1,564-1,220-930-657-533-686-402-299-266
Dividend Paid -356-7130-570-140-792-199-497-743-987
Others -11-4669746,8753953,689-6-1,242-262-559
Net Cash Flow 45130-130832,651-2,212-716-482-91240
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)5.589.594.151.963.069.223.964.988.254.32
ROCE (%)8.7611.888.955.935.3213.456.046.749.755.64
Asset Turnover Ratio0.080.110.140.110.10.060.10.110.110.09
PAT to CFO Conversion(x)-0.040.57-1.170.080.950.010.841.390.690.87
Working Capital Days
Receivable Days258710460322412748
Inventory Days9458309191,1591,1681,6981,0391,0069381,132
Payable Days261117118149153164127228387386

DLF Ltd Stock News

DLF Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of DLF on 05-Nov-2024 00:00 is ₹798.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Nov-2024 00:00 the market cap of DLF stood at ₹1,97,678.4.
The latest P/E ratio of DLF as of 05-Nov-2024 00:00 is 179.3.
The latest P/B ratio of DLF as of 05-Nov-2024 00:00 is 7.05.
The 52-week high of DLF is ₹967.0 and the 52-week low is ₹586.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of DLF is ₹3,016 ( Cr.) .

About DLF Ltd

DLF Limited started with the creation of 22 urban colonies in Delhi. In 1985, the company expanded into the then-unknown region of Gurugram, creating exceptional living and working spaces for the new Indian global professionals. Today, DLF is the largest publicly listed real estate company in India. The company is a public limited company domiciled in India and is incorporated under the provisions of the Companies Act applicable in India. Its shares are listed on two recognised stock exchanges in India.

Business area of the company

The company is engaged primarily in the business of colonisation and real estate development. The operations of the Company span all aspects of real estate development, from the identification and acquisition of land, to planning, execution, construction and marketing of projects. The Company is also engaged in the business of leasing, maintenance services and recreational activities which are related to the overall development of real estate business.

Products and services

  • Homes: From master planned neighborhoods to exceptional high rises, DLF uses a customer-centric approach to develop residences of the highest standard which stand the test of time.
  • Offices: Offices portfolio is an integrated mix of office spaces with F&B and leisure amenities.
  • Retail: From curated luxury malls to premium retail destinations, DLF has transformed the way people interact, connect, and experience the retail landscape.
  • Hospitality: DLF has been delivering world class hospitality for more than two decades.

Awards

2013-14:

  • Global CSR Excellence & Leadership Award 2014 to DLF Foundation for Community Development by ABP News.
  • Global Sustainability Leadership Award bestowed to DLF Foundation for Best Community Action by World CSR Congress.

2014-15:

  • ‘Global Sustainability Leadership Award’ has been conferred to DLF Foundation for community development by ABP News.
  • ‘Global Sustainability Leadership Award’ bestowed to DLF Foundation for Best Community Action by World CSR Congress.

2015-16:

  • The ASSOCHAM Gold Award for Skill Development Programme
  • Asia Responsible Entrepreneurship Awards
  • Giving Back - Excellence in CSR Award
  • Golden Peacock CSR Award

2016-17:

  • CSR Excellence Award 
  • National CSR Leadership Award in Animal Welfare

2017-18:

  • Award of Excellence
  • Best Golf Academy 
  • Best Academy Facilities

2018-19:

  • Developer of the year- Luxury
  • Developer of the year- Residential 

2019-20:

  • Best Gated Community of the year
  • Developer of the year - National
  • Developer of the year - Luxury
  • Developer of the year - Residential

Milestones

  • 2010: DLF launches Panchkula Valley project
  • 2010: DLF Panchkula Valley project sold out
  • 2011: DLF Sells DLF Ackruti Info Parks Pune for Rs.810 crore
  • 2011: DLF launches second phase of Garden City, DLF New Indore
  • 2012: DLF Files 5 Patents For Inventions
  • 2012: DLF- HUDA unveil 16 lane signal free road network
  • 2012: DLF Sets up India First Private Fire Station
  • 2013: DLF awards Rs 1450 crore contract to Leighton for its project
  • 2014: DLF attains a five star grading in the British Safety Councils Occupational Health and Safety Audit
  • 2014: DLF becomes first development firm in the country to achieve internationally recognised ISO quality certification
  • 2015: DLF Malls become first in the country to achieve Five Star Rating in the British Safety Councils Occupational Health & Safety Audit
  • 2015: DLF contributes to governments efforts to support farmers
  • 2017: DLF Limited and GIC enter into DLF Cybercity Developers Limited (DCCDL) Joint Venture
  • 2019: DLF gets ‘Sword of Honour’ certificates from British Safety Council
  • 2020: DLF invests Rs 5,000 crore to develop large commercial project in Chennai
  • 2020: DLF unveils Club Ultima at new Gurugram
  • 2020: DLF inks anchor deal with Standard Chartered GBS
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