DLF Limited

NSEI:DLF Stock Report

Market Cap: ₹1.5t

DLF Future Growth

Future criteria checks 3/6

DLF is forecast to grow earnings and revenue by 16.8% and 17.8% per annum respectively. EPS is expected to grow by 16.7% per annum. Return on equity is forecast to be 14.2% in 3 years.

Key information

16.8%

Earnings growth rate

16.71%

EPS growth rate

Real Estate earnings growth28.1%
Revenue growth rate17.8%
Future return on equity14.22%
Analyst coverage

Good

Last updated15 May 2026

Recent future growth updates

Analysis Article • May 17

Earnings Report: DLF Limited Missed Revenue Estimates By 9.8%

Last week, you might have seen that DLF Limited ( NSE:DLF ) released its full-year result to the market. The early...
Analysis Article • Jan 25

Results: DLF Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Shareholders might have noticed that DLF Limited ( NSE:DLF ) filed its quarterly result this time last week. The early...
Analysis Article • Aug 07

Earnings Miss: DLF Limited Missed EPS By 22% And Analysts Are Revising Their Forecasts

NSEI:DLF 1 Year Share Price vs Fair Value Explore DLF's Fair Values from the Community and select yours Last week, you...
Analysis Article • May 24

Results: DLF Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

As you might know, DLF Limited ( NSE:DLF ) just kicked off its latest full-year results with some very strong numbers...

Recent updates

Analysis Article • May 21

Solid Earnings May Not Tell The Whole Story For DLF (NSE:DLF)

DLF Limited's ( NSE:DLF ) healthy profit numbers didn't contain any surprises for investors. We think this is due to...
Narrative Update • May 17

DLF: Upcoming Results And Dividend Decision Will Support Bullish Outlook

Analysts have trimmed their fair value estimate for DLF slightly to ₹822.48 from ₹829.76, citing updated assumptions that combine a lower discount rate with higher projected revenue growth, a modestly softer profit margin, and a small adjustment to future P/E expectations. What's in the News DLF has scheduled a board meeting for May 13, 2026, at 15:30 Indian Standard Time.
Analysis Article • May 17

Earnings Report: DLF Limited Missed Revenue Estimates By 9.8%

Last week, you might have seen that DLF Limited ( NSE:DLF ) released its full-year result to the market. The early...
Narrative Update • May 01

DLF: Steady Fair Value And Margins Will Support A Bullish Outlook

Analysts have kept DLF's fair value estimate broadly steady at ₹829.76. This reflects a balance between a marginally higher assumed discount rate, slightly adjusted profit margin expectations, and a modestly higher future P/E assumption in their updated price target rationale.
Narrative Update • Apr 13

DLF: Upcoming Results And Margin Outlook Will Support Bullish Long Term View

Analysts have trimmed the price target on DLF to ₹829.76 from ₹861.50, reflecting updated assumptions that combine slightly lower revenue growth and P/E with a higher profit margin outlook and a largely unchanged discount rate. What's in the News DLF has scheduled a board meeting on Jan 22, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Mar 29

DLF: Upcoming Board Meeting Will Reinforce Confidence In Future Margin Sustainability

Analysts have trimmed their price target on DLF slightly to around ₹862, reflecting updated fair value estimates and small adjustments to the discount rate, profit margin expectations, and future P/E assumptions. What's in the News DLF has scheduled a board meeting on Jan 22, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Mar 15

DLF: Upcoming Board Meeting Will Support Confidence In Future Margin Sustainability

Analysts have made a small trim to their fair value estimate for DLF, taking it from about ₹869.45 to roughly ₹867.41, reflecting slightly updated assumptions around the discount rate, revenue growth, profit margin and forward P/E expectations. What's in the News DLF has scheduled a board meeting on Jan 22, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Mar 01

DLF: Upcoming Board Meeting Will Reinforce Confidence In Margin Sustainability

Analysts have kept their fair value estimate for DLF steady at about ₹869 per share, with only minor tweaks to inputs such as the discount rate and future P/E assumptions informing this unchanged price target. What's in the News DLF has scheduled a Board Meeting for January 22, 2026, to consider and approve unaudited standalone financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
Analysis Article • Feb 15

If EPS Growth Is Important To You, DLF (NSE:DLF) Presents An Opportunity

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Narrative Update • Feb 15

DLF: Upcoming Board Results Will Support Long Term Margin Confidence

The analyst fair value estimate for DLF has been adjusted slightly lower from about ₹876.95 to about ₹869.45, with analysts pointing to updated assumptions around the discount rate, revenue growth, profit margin and future P/E as the key drivers of this change. What's in the News DLF has scheduled a board meeting on Jan 22, 2026 to consider and approve its unaudited standalone and consolidated financial results for the quarter ended Dec 31, 2025 (Key Developments).
Narrative Update • Feb 01

DLF: Upcoming Results And Higher Margin Assumptions Will Support Upside

Analysts have trimmed their price target for DLF to ₹876.95 from ₹928.36, citing updated assumptions that reflect slightly different expectations on revenue growth, profit margins and future P/E levels. What's in the News DLF has scheduled a board meeting on January 22, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
Analysis Article • Jan 25

Results: DLF Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Shareholders might have noticed that DLF Limited ( NSE:DLF ) filed its quarterly result this time last week. The early...
Narrative Update • Jan 17

DLF: Higher Margins And Earnings Multiple Reset Will Support Upside

Narrative Update on DLF Analysts have trimmed their fair value estimate for DLF from ₹948.29 to ₹928.36, reflecting updated views on required return, revenue growth, profit margins and future P/E assumptions. What's in the News Board meeting scheduled on Jan 22, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025, along with other agenda items (company filing) Board meeting scheduled on Oct 30, 2025, to consider and approve unaudited financial results for the quarter and half year ended Sep 30, 2025, and to consider other business matters (company filing) Valuation Changes Fair Value Estimate trimmed from ₹948.29 to ₹928.36, indicating a modest reduction in the projected value per share used in the model.
Analysis Article • Dec 19

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

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Nov 06

Risks To Shareholder Returns Are Elevated At These Prices For DLF Limited (NSE:DLF)

DLF Limited's ( NSE:DLF ) price-to-earnings (or "P/E") ratio of 44.8x might make it look like a strong sell right now...
Analysis Article • Oct 15

Should You Be Adding DLF (NSE:DLF) To Your Watchlist Today?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Aug 28

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

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Aug 07

Earnings Miss: DLF Limited Missed EPS By 22% And Analysts Are Revising Their Forecasts

NSEI:DLF 1 Year Share Price vs Fair Value Explore DLF's Fair Values from the Community and select yours Last week, you...
Analysis Article • Jul 17

DLF's (NSE:DLF) Shareholders Will Receive A Bigger Dividend Than Last Year

DLF Limited ( NSE:DLF ) will increase its dividend from last year's comparable payment on the 2nd of September to...
Analysis Article • Jul 14

Here's Why We Think DLF (NSE:DLF) Might Deserve Your Attention Today

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • May 27

DLF (NSE:DLF) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

DLF Limited's ( NSE:DLF ) stock was strong after they recently reported robust earnings. We did some analysis and think...
Analysis Article • May 24

Results: DLF Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

As you might know, DLF Limited ( NSE:DLF ) just kicked off its latest full-year results with some very strong numbers...
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New Narrative • Nov 07

The Bold Future Dawns With High-Margin Luxury Projects And Expanding Rental Revenues

High-margin super luxury projects and rental expansion indicate potential for robust revenue and EBITDA growth.

Earnings and Revenue Growth Forecasts

NSEI:DLF - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2029150,10475,37696,805112,4077
3/31/2028125,58065,94657,60865,69119
3/31/2027102,23551,69757,18168,78321
3/31/202681,94044,14762,18263,474N/A
12/31/202595,07544,283N/AN/AN/A
9/30/202590,16042,83744,41645,698N/A
6/30/202593,48044,847N/AN/AN/A
3/31/202579,93743,67651,39252,352N/A
12/31/202470,00940,061N/AN/AN/A
9/30/202469,93536,04029,03629,503N/A
6/30/202463,66128,457N/AN/AN/A
3/31/202464,27027,27124,23325,388N/A
12/31/202357,48223,764N/AN/AN/A
9/30/202357,21822,39033,64735,001N/A
6/30/202356,76420,93320,68521,323N/A
3/31/202356,94820,35823,11523,753N/A
12/31/202257,86018,711N/AN/AN/A
9/30/202258,40917,31425,80226,304N/A
6/30/202260,19516,333N/AN/AN/A
3/31/202257,17415,00926,83428,318N/A
12/31/202158,82715,765N/AN/AN/A
9/30/202158,76016,48223,49024,809N/A
6/30/202160,05015,014N/AN/AN/A
3/31/202154,14110,93614,46714,602N/A
12/31/202053,957-12,451N/AN/AN/A
9/30/202051,945-12,8235,7146,371N/A
6/30/202053,002-10,686N/AN/AN/A
3/31/202060,828-5,8321,4943,557N/A
12/31/201968,89017,111N/AN/AN/A
9/30/201977,66416,323N/A16,892N/A
6/30/201981,89915,611N/AN/AN/A
3/31/201983,66113,192N/A20,430N/A
12/31/201872,43311,304N/A87,620N/A
9/30/201867,17848,865N/AN/AN/A
6/30/201861,66445,259N/AN/AN/A
3/31/201867,06844,639N/A2,703N/A
12/31/201775,54343,653N/AN/AN/A
9/30/201779,1853,722N/AN/AN/A
6/30/201784,0155,552N/AN/AN/A
3/31/201782,2127,148N/A-8,979N/A
12/31/201678,7686,005N/AN/AN/A
9/30/201687,6846,849N/AN/AN/A
6/30/201687,3896,845N/AN/AN/A
3/31/201699,2563,062N/A29,569N/A
12/31/201588,7805,891N/AN/AN/A
9/30/201580,0705,564N/AN/AN/A
6/30/201581,5475,340N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DLF's forecast earnings growth (16.8% per year) is above the savings rate (6.9%).

Earnings vs Market: DLF's earnings (16.8% per year) are forecast to grow faster than the Indian market (16.3% per year).

High Growth Earnings: DLF's earnings are forecast to grow, but not significantly.

Revenue vs Market: DLF's revenue (17.8% per year) is forecast to grow faster than the Indian market (10.8% per year).

High Growth Revenue: DLF's revenue (17.8% per year) is forecast to grow slower 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 (14.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/22 17:51
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

DLF Limited is covered by 45 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
Karan KhannaAmbit Capital
Nitin BhasinAmbit Capital