DLF Future Growth

Future criteria checks 5/6

DLF is forecast to grow earnings and revenue by 28.5% and 23.7% per annum respectively. EPS is expected to grow by 28.5% per annum. Return on equity is forecast to be 9.5% in 3 years.

Key information

28.5%

Earnings growth rate

28.5%

EPS growth rate

Real Estate earnings growth	32.1%
Revenue growth rate	23.7%
Future return on equity	9.5%
Analyst coverage	Good
Last updated	16 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NSEI:DLF - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2026	100,710	44,897	36,009	N/A	17
3/31/2025	78,575	35,450	31,575	N/A	17
3/31/2024	66,598	26,488	34,870	N/A	17
12/31/2023	57,482	23,764	N/A	N/A	N/A
9/30/2023	57,218	22,390	33,647	35,001	N/A
6/30/2023	56,764	20,933	N/A	N/A	N/A
3/31/2023	56,948	20,358	23,115	23,753	N/A
12/31/2022	57,860	18,711	N/A	N/A	N/A
9/30/2022	58,409	17,314	25,802	26,304	N/A
6/30/2022	60,195	16,333	N/A	N/A	N/A
3/31/2022	57,174	15,009	26,834	28,318	N/A
12/31/2021	58,827	15,765	N/A	N/A	N/A
9/30/2021	58,760	16,482	23,490	24,809	N/A
6/30/2021	60,050	15,014	N/A	N/A	N/A
3/31/2021	54,141	10,936	14,467	14,602	N/A
12/31/2020	53,957	-12,451	N/A	N/A	N/A
9/30/2020	51,945	-12,823	5,714	6,371	N/A
6/30/2020	53,002	-10,686	N/A	N/A	N/A
3/31/2020	60,828	-5,832	1,494	3,557	N/A
12/31/2019	68,890	17,111	N/A	N/A	N/A
9/30/2019	77,664	16,323	14,336	16,892	N/A
6/30/2019	81,899	15,611	N/A	N/A	N/A
3/31/2019	83,661	13,192	14,389	20,430	N/A
12/31/2018	72,433	11,304	81,957	87,620	N/A
9/30/2018	67,178	48,865	N/A	N/A	N/A
6/30/2018	61,664	45,259	N/A	N/A	N/A
3/31/2018	67,068	44,639	-31,390	2,703	N/A
12/31/2017	75,543	43,653	N/A	N/A	N/A
9/30/2017	79,185	3,722	N/A	N/A	N/A
6/30/2017	84,015	5,552	N/A	N/A	N/A
3/31/2017	82,212	7,148	N/A	-8,979	N/A
12/31/2016	78,768	6,005	N/A	N/A	N/A
9/30/2016	87,684	6,849	N/A	N/A	N/A
6/30/2016	87,389	6,845	N/A	N/A	N/A
3/31/2016	99,256	3,062	N/A	29,569	N/A
12/31/2015	88,780	5,891	N/A	N/A	N/A
9/30/2015	80,070	5,564	N/A	N/A	N/A
6/30/2015	81,547	5,340	N/A	N/A	N/A
3/31/2015	76,487	5,402	N/A	20,368	N/A
12/31/2014	91,560	5,883	N/A	N/A	N/A
9/30/2014	92,577	6,018	N/A	N/A	N/A
6/30/2014	77,091	5,928	N/A	N/A	N/A
3/31/2014	82,980	6,462	N/A	14,676	N/A
12/31/2013	98,770	4,223	N/A	N/A	N/A
9/30/2013	91,287	5,619	N/A	N/A	N/A
6/30/2013	92,121	6,003	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DLF's forecast earnings growth (28.5% per year) is above the savings rate (6.7%).

Earnings vs Market: DLF's earnings (28.5% per year) are forecast to grow faster than the Indian market (18% per year).

High Growth Earnings: DLF's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DLF's revenue (23.7% per year) is forecast to grow faster than the Indian market (10.3% per year).

High Growth Revenue: DLF's revenue (23.7% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DLF's Return on Equity is forecast to be low in 3 years time (9.5%).

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DLF Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 17% to ₹803

Price target increased by 9.9% to ₹686

Price target increased by 8.8% to ₹589

Price target increased by 9.3% to ₹482

Price target increased to ₹406

Price target increased to ₹337

Recent updates

DLF (NSE:DLF) Could Easily Take On More Debt

Price target increased by 17% to ₹803

DLF Limited Announces Demise of Gurvirendra Singh Talwar, Non-Executive Director

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Does DLF (NSE:DLF) Deserve A Spot On Your Watchlist?

DLF Limited to Report Q3, 2024 Results on Jan 24, 2024

Price target increased by 9.9% to ₹686

DLF Limited (NSE:DLF) Not Flying Under The Radar

DLF Limited Announces CFO Changes

DLF Limited (NSEI:DLF) entered into definitive agreement to acquire 5.22% stake in Invecon Private Limited.

Price target increased by 8.8% to ₹589

Is DLF (NSE:DLF) A Risky Investment?

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

DLF Limited to Report Q2, 2024 Results on Oct 30, 2023

Do DLF's (NSE:DLF) Earnings Warrant Your Attention?

Insider recently sold ₹13m worth of stock

Chairman Emeritus recently sold ₹7.3b worth of stock

Upcoming dividend of ₹4.00 per share at 0.8% yield

DLF (NSE:DLF) Is Increasing Its Dividend To ₹4.00

Full year 2023 earnings: EPS and revenues miss analyst expectations

DLF Limited to Report Q1, 2024 Results on Jul 21, 2023

DLF Limited, Annual General Meeting, Aug 04, 2023

Does DLF (NSE:DLF) Have A Healthy Balance Sheet?

Here's Why DLF (NSE:DLF) Has Caught The Eye Of Investors

Price target increased by 9.3% to ₹482

Full year 2023 earnings: EPS and revenues miss analyst expectations

DLF Limited Recommends Dividend for the Fiscal Year 2022-23

DLF Limited Announces Demise of Rajiv Krishan Luthra, Non-Executive Independent Director

DLF Limited to Report Q4, 2023 Results on May 12, 2023

Is DLF (NSE:DLF) Using Too Much Debt?

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

DLF Limited to Report Q3, 2023 Results on Jan 25, 2023

We Think DLF (NSE:DLF) Can Stay On Top Of Its Debt

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

DLF Limited to Report Q2, 2023 Results on Oct 21, 2022

These 4 Measures Indicate That DLF (NSE:DLF) Is Using Debt Reasonably Well

DLF Reportedly Mulls Auction Bid for Delhi Mall with Base Price of $366 Million

Upcoming dividend of ₹3.00 per share

DLF Limited to Report Q1, 2023 Results on Jul 29, 2022

DLF Limited Recommends Dividend for the Fiscal Year 2021-2022, Payable on or Before September 8, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

DLF Limited Recommends Dividend for the Fiscal Year 2021-2022, Payable on or Before September 8, 2022

DLF Limited, Annual General Meeting, Aug 10, 2022

We Think DLF (NSE:DLF) Can Stay On Top Of Its Debt

We Think DLF's (NSE:DLF) Profit Is Only A Baseline For What They Can Achieve

DLF Limited Announces Recommends Dividend for the Fiscal Year 2021-22

Full year 2022 earnings: EPS and revenues miss analyst expectations

DLF Limited Announces Recommends Dividend for the Fiscal Year 2021-22

DLF Limited to Report Q4, 2022 Results on May 17, 2022

These 4 Measures Indicate That DLF (NSE:DLF) Is Using Debt Reasonably Well

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Does DLF (NSE:DLF) Have A Healthy Balance Sheet?

Price target increased to ₹406

Second quarter 2022 earnings released: EPS ₹1.53 (vs ₹0.94 in 2Q 2021)

Is It Time To Consider Buying DLF Limited (NSE:DLF)?

Insider recently sold ₹11m worth of stock

Investor sentiment improved over the past week

Upcoming dividend of ₹2.00 per share

Insider recently sold ₹1.5m worth of stock

Price target increased to ₹337

First quarter 2022 earnings released: EPS ₹1.36 (vs ₹0.29 loss in 1Q 2021)

What Does DLF Limited's (NSE:DLF) Share Price Indicate?

Insider recently sold ₹3.9m worth of stock

Price target increased to ₹309

DLF (NSE:DLF) Seems To Use Debt Quite Sensibly

Full year 2021 earnings released: EPS ₹4.42 (vs ₹2.41 loss in FY 2020)

CEO & Whole-time Director Rajeev Talwar has left the company

Non-Executive Independent Director has left the company

Lead Independent Director has left the company