DLF Ltd.
Realty · NSE
52-week range
₹489 – ₹880
From 52w high
-30.9%
RSI (14)
57.6
vs SMA 50 / 200
↑ 50 · ↓ 200
DLF, India's largest listed real estate developer by market capitalisation, trades at ₹608.25 — 30.91% below its 52-week high and 11.7% below the 200-DMA of ₹688.18 — against a backdrop of active ED proceedings in the Shikohpur land case and recent analyst downgrades. At PE 33.9 (forward 28.96) with a D/E of 4.133 and a reported profit margin of 46.58%, the fundamental picture is mixed: strong reported margins sit alongside elevated leverage and unavailable ROE data. The company ranks 2nd of 6 peers on quality score (57) but 4th on PE within the Realty sector.
- ✓5-year revenue growth of 32.2% is substantial for the large-cap realty space, outpacing sector peers whose more recent growth figures are unavailable for direct comparison.
- ✓Reported profit margin of 46.58% is high in absolute terms; FCF was positive in 4 of the tracked years, indicating the business has generated cash despite its capital-intensive model.
- ✓Quality score of 57 ranks 2nd among the 6 tracked Realty peers (OBEROIRLTY leads at 65); DLF carries a better composite quality footprint than LODHA (49), PHOENIXLTD (55), GODREJPROP (41), and PRESTIGE (40).
- ✓Forward PE of 28.96 represents a meaningful compression from trailing PE of 33.9, implying consensus earnings growth expectations are embedded in current pricing.
- ✗D/E of 4.133 is structurally elevated; at this leverage level, any prolonged demand slowdown or rate-cycle reversal would weigh directly on debt-service capacity and free cash generation.
- ✗Active ED court proceedings in the Shikohpur land case introduce an unresolved legal/regulatory overhang with no disclosed timeline — a governance risk that is difficult to quantify from public disclosures alone.
- ✗The stock has remained below the 200-DMA for an extended period (200-DMA at ₹688.18 vs current ₹608.25), and is down 9.52% over 12 months, indicating sustained price weakness relative to its own longer-term trend.
- ✗ROE data is unavailable and roeYearsAbove15 registers at 0 across tracked years — earnings quality and capital efficiency cannot be benchmarked against the sector without this figure.
- ·Q3 FY2026 results coverage (Mint, May 8 2026) was flagged as neutral in sentiment; specific revenue and earnings figures from that report are not captured in the current data pull.
- ·A news headline (AD HOC NEWS, May 9 2026) attributed recent price weakness to analyst downgrades; this aligns with the stock's 7.82% decline over the past 3 months.
- ·An ED court order called for a more thorough investigation in the Shikohpur land case involving DLF (ThePrint, Apr 16 2026), adding a layer of legal scrutiny that remains active as of the run date.
- ?How much of DLF's 46.58% profit margin is attributable to project mix or accounting treatment versus recurring operational efficiency — and is that margin sustainable across a full real-estate cycle?
- ?Given D/E of 4.133, how does DLF's debt maturity profile and weighted average cost of debt compare to its peers, and what does the interest-coverage ratio look like under a 100-basis-point rate shock?
- ?What is the current status and potential financial exposure from the Shikohpur land case ED proceedings, and has the company disclosed a liability range or legal provision in recent filings?
- ?Does the gap between DLF's quality score (57, 2nd of 6) and its 12-month price performance (-9.52%) reflect a temporary dislocation driven by the legal overhang, or does it signal a structural re-rating of the realty sector more broadly?
PE
33.9
Forward PE
29.0
ROE
—
Profit margin
+46.6%
D/E
4.13
Dividend yield
+1.0%
Quality score
57/100
ROE 5y above 15%
0/5 yrs
FCF 5y positive
4/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 10 May 2026.