Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of DLF Ltd

About the Company - DLF Ltd

DLF Ltd. is a Public Limited Listed company incorporated on 04/07/1963 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L70101HR1963PLC002484 and registration number is 002484. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company’s Total Operating Revenue is Rs. 4053.55 Cr. and Equity Capital is Rs. 495.06 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
RealtyShopping Mall, 3rd Floor, Gurgaon Haryana 122002investor-relations@dlf.in
http://www.dlf.in
Management
NamePosition Held
Dr. K P SinghChairman Emeritus
Mr. Rajiv SinghChairman
Mr. Ashok Kumar TyagiWholeTime Director & CEO
Mr. Devinder SinghWholeTime Director & CEO
Ms. Savitri Devi SinghNon Exe.Non Ind.Director
Ms. Anushka SinghNon Exe.Non Ind.Director
Ms. Pia SinghNon Exe.Non Ind.Director
Mr. G S TalwarNon Exe.Non Ind.Director
Mr. Ved Kumar JainLead Independent Director
Ms. Priya PaulIndependent Director
Lt. Gen. (Retd.) Aditya SinghIndependent Director
Mr. A S MinochaIndependent Director
Mr. Pramod BhasinIndependent Director
Mr. Vivek MehraIndependent Director

Basic Stock Data of DLF Ltd

Last Updated: May 23, 2024, 3:23 pm

Market Cap 2,09,684 Cr.
Current Price 847
High / Low968/462
Stock P/E77.0
Book Value 159
Dividend Yield0.47 %
ROCE5.88 %
ROE7.06 %
Face Value 2.00
PEG Ratio1.18

DLF Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,5431,7131,1401,4811,5501,5471,4421,3021,4951,4561,4231,3481,521
Expenses1,0441,2597441,0231,0281,1801,0288661,0181,0581,0278851,010
Operating Profit499454395458521368414437477398396462511
OPM %32%26%35%31%34%24%29%34%32%27%28%34%34%
Other Income12519410376-8710575586512098129122
Interest1981911751761461281051079585859084
Depreciation39383837373737373936363738
Profit before tax387418285321251307346351408397373464512
Tax %27%38%29%29%24%27%25%26%27%28%27%24%26%
Net Profit449477337378379406469477518570526622656
EPS in Rs1.821.941.361.531.531.641.901.932.102.302.132.522.65

Last Updated: May 15, 2024, 7:46 am

DLF Ltd Quarterly Chart

DLF Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9,5767,7738,2987,6499,9268,2216,7078,3666,0835,4145,7175,6955,722
Expenses5,9355,1405,8054,6355,9604,7754,3296,2184,9373,9453,9743,9693,988
Operating Profit3,6412,6332,4933,0143,9663,4462,3782,1481,1461,4691,7431,7261,734
OPM %38%34%30%39%40%42%35%26%19%27%30%30%30%
Other Income8361,2791,1335035061,1359,7227841,135383195317412
Interest2,2462,3142,4632,3042,6802,9802,9512,0621,427853625392355
Depreciation689796663545766572534225200159149149148
Profit before tax1,5418025006681,0261,0308,6156466538401,1651,5021,643
Tax %24%17%-16%24%55%22%50%43%326%43%28%27%
Net Profit1,1676675905073057084,4771,314-5901,0831,5002,0342,236
EPS in Rs7.074.193.633.031.724.0125.025.98-2.364.426.068.229.05
Dividend Payout %28%48%55%66%117%50%8%33%-85%45%49%49%

DLF Ltd Profit & Loss Yearly Chart

DLF Ltd Growth

Compounded Sales Growth
10 Years:-3%
5 Years:-5%
3 Years:6%
TTM:13%
Compounded Profit Growth
10 Years:20%
5 Years:17%
3 Years:33%
TTM:34%
Stock Price CAGR
10 Years:15%
5 Years:34%
3 Years:43%
1 Year:76%
Return on Equity
10 Years:3%
5 Years:4%
3 Years:6%
Last Year:7%

Last Updated: May 23, 2024, 3:23 pm

DLF Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital340340356356357357357441495495495495495
Reserves25,09725,38927,03927,01323,71224,21634,20432,38533,95234,84935,86737,19237,360
Preference Capital1,7991,7991,79900000010000
Borrowings25,06624,80122,33424,49525,26429,20217,49117,2228,1036,7854,1823,3343,317
Other Liabilities12,88714,11714,79614,39812,39610,1798,53316,43413,34111,35810,62311,55114,886
Total Liabilities63,38964,64764,52566,26261,72963,95460,58566,48355,89053,48851,16752,57256,058
Fixed Assets20,33919,84918,83519,6193,94324,6408,0826,3225,1874,8564,8624,7854,779
CWIP8,9937,8345,9795,9011,7791531371038995816161
Investments1,1271,33489162321,3101,20920,83221,00518,56619,74619,77919,48119,824
Other Assets32,93135,63038,82040,11934,69737,95231,53339,05332,04928,79126,44428,24531,393
Total Assets63,38964,64764,52566,26261,72963,95460,58566,48355,89053,48851,16752,57256,058

DLF Ltd Reserves and Borrowings Chart

DLF Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2,5202,0091,4682,0372,957-8982702,0433561,4602,8322,375
Cash from Investing Activity -241,9953,92498-818872-2,10236,508150267-461
Cash from Financing Activity -2,438-3,951-4,532-1,547-1,929787-232875-9,522-2,184-3,828-2,013
Net Cash Flow5852860588210761-2,0642,921-2,658-573-729-98

DLF Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days6778697612663703643393635
Inventory Days
Days Payable
Cash Conversion Cycle6778697612663703643393635
Working Capital Days5596616708323896859745327591,016913891
ROCE %7%4%5%6%8%7%5%5%4%4%5%5%

DLF Ltd Financial Efficiency Indicators Chart

DLF Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.08%74.08%
FIIs17.39%16.99%17.00%16.46%15.39%14.93%14.90%14.84%14.66%15.30%15.89%15.75%
DIIs2.21%2.56%3.00%3.42%4.10%4.56%4.80%5.09%5.23%4.87%5.27%5.47%
Public5.45%5.50%5.05%5.17%5.56%5.56%5.36%5.12%5.16%4.88%4.76%4.72%
No. of Shareholders3,32,9533,53,9523,54,8623,84,5474,34,8714,42,8814,25,9594,07,4444,22,1524,06,2803,95,8454,04,832

DLF Ltd Shareholding Pattern Chart

No. of DLF Ltd Shareholders

DLF Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Blue Chip Fund95000001.39535.33
Axis Bluechip Fund71919861.32405.27
Quant Tax Plan60685006.9341.96
Aditya Birla Sun Life Frontline Equity Fund60633591.49341.67
SBI Balanced Advantage Fund59185501.37333.51
Kotak Equity Arbitrage Fund - Regular Plan32884500.64185.3
Kotak Balanced Advantage Fund30640501.17172.66
Quant Active Fund21100001.96118.9
SBI Long Term Equity Fund17921960.64100.99
Axis Growth Opportunities Fund17386921.0297.98

DLF Ltd ROCE Trend

DLF Ltd EPS Trend

DLF Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)8.226.064.42-2.417.38
Diluted EPS (Rs.)8.226.064.42-2.416.00
Cash EPS (Rs.)5.054.012.57-5.172.69
Book Value[Excl.RevalReserv]/Share (Rs.)152.27146.98142.87139.23152.30
Book Value[Incl.RevalReserv]/Share (Rs.)152.27146.98142.87139.23152.30
Revenue From Operations / Share (Rs.)23.0123.1021.8724.5737.90
PBDIT / Share (Rs.)8.258.747.877.8412.71
PBIT / Share (Rs.)7.658.137.237.0311.69
PBT / Share (Rs.)6.074.703.392.642.92
Net Profit / Share (Rs.)4.453.411.93-5.981.67
NP After MI And SOA / Share (Rs.)8.226.064.42-2.365.98
PBDIT Margin (%)35.8737.8335.9931.8933.52
PBIT Margin (%)33.2635.2133.0428.6030.84
PBT Margin (%)26.3820.3615.5010.747.71
Net Profit Margin (%)19.3314.758.81-24.314.40
NP After MI And SOA Margin (%)35.7426.2520.19-9.5815.76
Return on Networth / Equity (%)5.404.123.09-1.693.92
Return on Capital Employeed (%)4.434.784.254.196.28
Return On Assets (%)3.772.851.99-1.011.97
Long Term Debt / Equity (X)0.020.060.090.110.16
Total Debt / Equity (X)0.080.100.150.180.44
Asset Turnover Ratio (%)0.080.080.080.040.06
Current Ratio (X)2.302.322.081.831.31
Quick Ratio (X)0.570.380.430.400.45
Dividend Payout Ratio (NP) (%)36.4732.9818.10-135.8110.82
Dividend Payout Ratio (CP) (%)33.9929.9915.80-206.879.24
Earning Retention Ratio (%)63.5367.0281.90235.8189.18
Cash Earning Retention Ratio (%)66.0170.0184.20306.8790.76
Interest Coverage Ratio (X)5.213.462.281.361.36
Interest Coverage Ratio (Post Tax) (X)3.812.711.67-0.271.12
Enterprise Value (Cr.)89201.3597221.0775306.9237963.0054460.90
EV / Net Operating Revenue (X)15.6617.0013.916.246.51
EV / EBITDA (X)43.6644.9538.6519.5619.42
MarketCap / Net Operating Revenue (X)15.5216.4713.125.605.32
Retention Ratios (%)63.5267.0181.89235.8189.17
Price / BV (X)2.342.592.010.981.33
Price / Net Operating Revenue (X)15.5216.4713.125.605.32
EarningsYield0.020.010.01-0.010.02

DLF Ltd Profitability Ratios (%)

DLF Ltd Liquidity Ratios

DLF Ltd Liquidity Ratios (%)

DLF Ltd Interest Coverage Ratios (%)

DLF Ltd Valuation Ratios

Fair Value

Fair Value: ₹868.42

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 2.53% compared to the current price ₹847

Intrinsic Value: ₹1,437.09

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 69.67% compared to the current price ₹847

Last 5 Year EPS CAGR: 65.48%

*Investments are subject to market risks

Strength and Weakness of DLF Ltd Stock

StrengthWeakness
  1. The company has higher reserves (30,636.54 cr) compared to borrowings (422.85 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (6.77 cr) and profit (317.15 cr) over the years.
  1. The stock has a low average ROCE of 5.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 655.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 61.50, which may not be favorable.

FAQ

What is the latest fair value of DLF Ltd?

The latest fair value of DLF Ltd is ₹868.42.

What is the Market Cap of DLF Ltd?

The Market Cap of DLF Ltd is 2,09,684 Cr..

What is the current Stock Price of DLF Ltd as on 30 May 2024?

The current stock price of DLF Ltd as on 30 May 2024 is ₹847.

What is the High / Low of DLF Ltd stocks in FY 2024?

In FY 2024, the High / Low of DLF Ltd stocks is 968/462.

What is the Stock P/E of DLF Ltd?

The Stock P/E of DLF Ltd is 77.0.

What is the Book Value of DLF Ltd?

The Book Value of DLF Ltd is 159.

What is the Dividend Yield of DLF Ltd?

The Dividend Yield of DLF Ltd is 0.47 %.

What is the ROCE of DLF Ltd?

The ROCE of DLF Ltd is 5.88 %.

What is the ROE of DLF Ltd?

The ROE of DLF Ltd is 7.06 %.

What is the Face Value of DLF Ltd?

The Face Value of DLF Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in DLF Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE