This fundamental analysis of DLF Ltd. (DLF) looks at revenue trends, profitability, valuation, and shareholding patterns.
DLF Revenue Trend
DLF Ltd. kept up its top-line growth, with FY2026 revenue reaching ₹8,194 Cr, a 2.5% increase over FY2025.
Revenue has slipped at a 1.2% annual rate over the past 10 years, from ₹9,260 Cr to ₹8,194 Cr. That's a slow bleed, but the trend is still downward.
By revenue, DLF Ltd. sits in the mid-sized bracket among construction companies, with a top line of ₹8,194 Cr.
3 straight years of revenue growth suggest this isn't a blip: the trajectory looks clear for DLF Ltd.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹8,194 Cr | +2.5% |
| FY2025 | ₹7,994 Cr | +24.4% |
| FY2024 | ₹6,427 Cr | +12.9% |
| FY2023 | ₹5,695 Cr | -0.4% |
| FY2022 | ₹5,717 Cr | — |
View DLF Ltd.'s full 10-year revenue trend with CAGR analysis →
DLF Profitability
Profitability held up well: DLF Ltd. posted net profit of ₹4,415 Cr in FY2026, 1.1% above FY2025.
Net margin narrowed to 53.9% in FY2026, down from 54.6% in FY2025.
Earnings per share rose to ₹17.83 in FY2026, up from ₹17.64 in FY2025.
Is DLF Undervalued
Shares of DLF Ltd. currently trade at ₹668.55.
Craytheon calculates intrinsic value using the P/E Ratio, DCF, and EPS Growth models. All three appear in the Valuation Models cards below.
Valuation Models
DLF Shareholding Pattern
Promoter holding has held steady at 74.1% across the past 4 quarters, a sign of confidence in the company's direction.
As of June 2026, foreign investors held 12.3% of the company, down year-over-year from 15.4%.
DII ownership stands at 8.0%, up from the 5.2% recorded a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 74.1% | 12.3% | 8.0% | 5.6% |
| 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% |
Track quarterly shareholding changes for DLF Ltd. →
DLF Balance Sheet
Proportional view as of 3 Aug 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2026, the total asset base came in at ₹748.75B, up 7.8% YoY from ₹694.75B.
Inventories accounts for 33.0% of the total, ahead of Other Assets (31.4%) and Investments (28.2%).
Capital structure: 60.7% equity, 0.4% debt, 38.9% operating liabilities. Over the year, debt is down 92.5% and equity is up 6.9%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 28.46B |
| Receivables | 8.47B |
| Inventories | 247.17B |
| Property, Plant & Equipment | 7.51B |
| Investments | 211.19B |
| Intangibles & Goodwill | 10.65B |
| Other Assets | 235.29B |
| Category | Value |
|---|---|
| Equity | 454.73B |
| Short-term Debt | 553.52M |
| Long-term Debt | 2.51B |
| Trade Payables | 17.20B |
| Other Liabilities | 273.76B |
DLF Key Highlights
Pulling the key threads together on DLF Ltd. (DLF) as a construction investment opportunity.
FY2026 revenue of ₹8,194 Cr, up 2.5% year-over-year.
Over 10 years, long-term revenue has contracted at 1.2% annually.
Profitability remains intact, with a net margin of 53.9% and net income of ₹4,415 Cr.
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