A fundamental analysis of DLF Ltd. (DLF) covering revenue trends, profitability, valuation, and shareholding patterns.
DLF Revenue Trend
Top-line growth continued for DLF Ltd., with FY2025 revenue reaching ₹8,996 Cr — a 29.3% increase over FY2024.
The 10-year revenue CAGR of 1.6% is on the lower side. DLF Ltd.'s top line moved from ₹7,649 Cr to ₹8,996 Cr, but real growth has been thin.
DLF Ltd. is a mid-sized construction company by revenue, with a top line of ₹8,996 Cr.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹8,996 Cr | +29.3% |
| FY2024 | ₹6,958 Cr | +15.7% |
| FY2023 | ₹6,012 Cr | -2.0% |
| FY2022 | ₹6,138 Cr | +3.2% |
| FY2021 | ₹5,945 Cr | — |
View DLF Ltd.'s full 10-year revenue trend with CAGR analysis →
DLF Profitability
DLF Ltd. delivered net profit of ₹4,367 Cr in FY2025, a solid 60.3% jump from ₹2,724 Cr in FY2024.
Cost discipline paid off, with net profit margin expanding to 48.5% from 39.1%.
Diluted EPS stood at ₹17.64 in FY2025, compared to ₹11.02 in FY2024.
Is DLF Undervalued
The P/E Ratio approach puts DLF Ltd.'s intrinsic value at ₹1,120, a 92.7% upside from the current market price.
DLF Ltd. shares are currently trading at ₹581.55.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹1,120 | 92.7% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for DLF Ltd. with detailed assumptions →
DLF Shareholding Pattern
At 74.1%, the promoter stake has been flat for the past 4 quarters.
Foreign institutional investors (FIIs) held 13.5% as of March 2026, down from 16.0% a year ago.
Domestic investors held 6.9% of the company as of March 2026, up year-over-year from 5.0%.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 74.1% | 13.5% | 6.9% | 5.4% |
| Dec 2025 | 74.1% | 14.8% | 5.8% | 5.3% |
| Sep 2025 | 74.1% | 15.4% | 5.2% | 5.3% |
| Jun 2025 | 74.1% | 16.0% | 5.0% | 4.9% |
Track quarterly shareholding changes for DLF Ltd. →
DLF Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹694.75B, up 15.3% YoY from ₹602.62B.
Inventories accounts for 35.4% of the total, ahead of Investments (30.2%) and Other Assets (29.0%).
Capital structure: 61.2% equity, 5.9% debt, 32.8% operating liabilities. Over the year, debt is down 15.1% and equity is up 7.9%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 11.08B |
| Receivables | 8.02B |
| Inventories | 246.21B |
| Property, Plant & Equipment | 7.07B |
| Investments | 209.81B |
| Intangibles & Goodwill | 10.83B |
| Other Assets | 201.74B |
| Category | Value |
|---|---|
| Equity | 425.50B |
| Short-term Debt | 21.92B |
| Long-term Debt | 19.11B |
| Trade Payables | 22.61B |
| Other Liabilities | 205.61B |
DLF Key Highlights
Bringing the key threads together for DLF Ltd. (DLF) as a construction investment opportunity.
Revenue of ₹8,996 Cr in FY2025, up 29.3% year-over-year.
Long-term revenue has been compounding at 1.6% annually over 10 years.
The company is profitable, with a net margin of 48.5% and net income of ₹4,367 Cr.
The P/E Ratio model implies 92.7% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
See the full picture — Craytheon tracks 10 years of financial data with interactive charts, growth trends, and three valuation models for DLF Ltd..