DLF share price
NSE: DLFBSE: 532868RealtyLarge Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹662.30.
27 Oct: open ₹660.00, high ₹673.00, low ₹659.00
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,66,093 Cr56th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 36.37
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 3.64
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.19%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 10.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 1.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 12,88,97736.8% delivered
About DLF
DLF Limited is a real estate developer with its registered office in Gurugram, Haryana.1 It builds and sells homes and commercial property, and leases offices and shopping malls, including through its joint venture DLF Cyber City Developers Limited (DCCDL).234 It serves individuals and businesses, and runs hotels and clubs.52 Its operations include the National Capital Region (around Delhi), Chennai, Mumbai and Hyderabad.6
DLF holds about 66.67% of DCCDL; Reco Diamond Private Limited, an affiliate of GIC Singapore, bought a 33.34% stake in it.73 On 31 Mar 2026 the company had 92 subsidiaries, 4 of them classed as material: DCCDL (which its accounts treat as a joint venture), DLF Home Developers Limited, DLF Power & Services Limited and DLF Homes Panchkula Private Limited.83
The company traces its founding to 1946 and names Chaudhary Raghvendra Singh as its founder.910 It was incorporated in 1963.11 In the year to Mar 2026 it sold its IT and IT-enabled services special economic zone (SEZ) undertaking in Kolkata, with a vacant land parcel, for ₹710.23 crore.12
Rajdhani Investments and Agencies Private Limited, the holding company, owned 61.53% of the shares at the annual report of 11 Jul 2026; on 16 Oct 2026 the company said the promoter group as a whole holds 74.08%.813 Chairman Rajiv Singh is part of the promoter group.14
DLF key points
Results
- In the quarter to Sep 2026, consolidated revenue was ₹2,298 crore, including a one-time gain of ₹738 crore in other income; EBITDA was ₹1,060 crore and net profit over ₹1,300 crore.15
- In the quarter to Sep 2026, DLF's sales bookings (value of property sold) were about ₹3,800 crore, collections (money received from buyers) ₹2,780 crore and operating cash flow about ₹1,858 crore; net cash (cash less borrowings) was about ₹15,100 crore.16
- In the year to Mar 2026, consolidated revenue including other income was ₹9,816 crore and EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹3,070 crore.1718
- DLF's total comprehensive income attributable to owners (profit plus gains and losses booked outside profit and loss) was ₹4,408 crore in the year to Mar 2026, against ₹4,356 crore a year earlier.18
Debt and dividend
- The development business reached zero gross debt during the year to Mar 2026.19
- DCCDL's net debt (borrowings less cash) was ₹18,136 crore at the end of June 2026, a net debt to EBITDA ratio of 3.1 times; CRISIL and ICRA rate DCCDL AAA (Stable).20
- DLF's board recommended a dividend of ₹8 a share for the year to Mar 2026, against ₹6 a year earlier; close to ₹1,980 crore was paid in the quarter to Sep 2026.2122
Business segments
- Development business. Sells high-rise apartments, low-rise independent floors, plots and shop-cum-offices; new sales bookings were ₹20,143 crore in the year to Mar 2026.223
- Annuity business. Leases offices and retail malls and manages assets. DCCDL's own consolidated EBITDA, which the group's figures count only as DLF's share of its profit, was ₹5,718 crore in the year to Mar 2026, against ₹4,949 crore a year earlier.22425
- Hospitality, within the annuity business. Runs 2 hotels, The Lodhi and Hilton Garden Inn, and clubs; revenue was ₹626 crore in the year to Mar 2026, against ₹521 crore a year earlier.226
Rental portfolio
- DLF's rental portfolio was 50 million square feet (msf) in the quarter to Sep 2026, with occupancy of 96% by area and 97% by value.27
- In the quarter to Sep 2026, DCCDL's consolidated revenue was ₹2,014 crore and its EBITDA ₹1,537 crore; its net profit was over ₹750 crore, up 17% from a year earlier.28
Projects and land bank
- Sales bookings by project, as stated in the review of the year to Mar 202629
Item year to Mar 2026 DLF Privana North, Gurugram over ₹11,000 crore The Dahlias, Gurugram over ₹4,800 crore The Westpark, Mumbai, its first launch there over ₹2,300 crore - The company identified new products with a total sales potential (its estimate of their sale value) of ₹1.14 lakh crore; about ₹54,285 crore of that had been launched by Mar 2026.30
- Beyond that pipeline, DLF puts residual potential at ~137 msf in development (property to sell) and ~60 msf in annuity (rental assets).31
What the company expects
- The company stated in its annual report for the year to Mar 2026 that it expects rental revenue to surpass ₹10,000 crore over the medium term.32
- On its earnings call of 17 Oct 2026, the company said launches depend on approvals; it is preparing a Mumbai launch for the quarter to Dec 2026 and aims to launch a luxury project in DLF City in the quarter to Mar 2027.3334
- On its earnings call of 17 Oct 2026, the company said the gross margin potential (sale value less costs) of its development business is about ₹40,000 crore, with cash generation potential of over ₹42,500 crore.35
Recent events
- On 14 Jan 2026, the National Company Law Tribunal approved merging 16 wholly owned subsidiaries into DLF Limited.36
Litigation and regulatory matters
- In 2011 the Competition Commission of India fined the company ₹63,000.00 lakh over allegedly unfair conditions on buyers in Gurugram; the appellate tribunal upheld it in 2014. As of 11 Jul 2026 its appeal was pending in the Supreme Court, with the amount deposited.3738
- In the year to Mar 2011, the Punjab and Haryana High Court cancelled sale deeds of the company, a subsidiary and a joint venture for about 56 acres of IT park projects in Gurugram. As of 11 Jul 2026, the Supreme Court had stayed this.3940
- In 2014 SEBI, the market regulator, barred the company from securities markets for 3 years over its offer document; a tribunal overturned this in 2015. SEBI's Supreme Court appeal was pending at 11 Jul 2026; appeals against separate SEBI penalties revive after its ruling.4142
- IL&FS Engineering and Construction Company sought about ₹46.34 crore through an insolvency petition; the company said it was not payable and claimed ₹381.49 crore from IL&FS. As of 11 Jul 2026, a settlement of 23 Mar 2026 provides for all cases to end on payment.43
Last updated
All 43 sources, each with its page
- 1. Annual report, 11 Jul 2026, page 183
- 2. Investor presentation, 3 Aug 2026, page 7
- 3. Annual report, 11 Jul 2026, page 165
- 4. Investor presentation, 3 Aug 2026, page 20
- 5. Annual report, 11 Jul 2026, page 41
- 6. Annual report, 11 Jul 2026, page 64
- 7. Exchange filing, 18 Aug 2026, page 1
- 8. Annual report, 11 Jul 2026, page 11
- 9. Annual report, 11 Jul 2026, page 6
- 10. Annual report, 11 Jul 2026, page 79
- 11. Annual report, 11 Jul 2026, page 39
- 12. Annual report, 11 Jul 2026, page 74
- 13. Exchange filing, 16 Oct 2026, page 1
- 14. Annual report, 11 Jul 2026, page 85
- 15. Earnings call, 17 Oct 2026, page 3
- 16. Earnings call, 17 Oct 2026, page 3
- 17. Annual report, 11 Jul 2026, page 74
- 18. Annual report, 11 Jul 2026, page 74
- 19. Annual report, 11 Jul 2026, page 76
- 20. Investor presentation, 3 Aug 2026, page 33
- 21. Annual report, 11 Jul 2026, page 11
- 22. Earnings call, 17 Oct 2026, page 3
- 23. Annual report, 11 Jul 2026, page 76
- 24. Annual report, 11 Jul 2026, page 76
- 25. Investor presentation, 3 Aug 2026, page 9
- 26. Annual report, 11 Jul 2026, page 76
- 27. Earnings call, 17 Oct 2026, page 3
- 28. Earnings call, 17 Oct 2026, page 3
- 29. Annual report, 11 Jul 2026, page 76
- 30. Annual report, 11 Jul 2026, page 76
- 31. Annual report, 11 Jul 2026, page 76
- 32. Annual report, 11 Jul 2026, page 76
- 33. Earnings call, 17 Oct 2026, page 8
- 34. Earnings call, 17 Oct 2026, page 9
- 35. Earnings call, 17 Oct 2026, page 3
- 36. Exchange filing, 14 Jan 2026, page 1
- 37. Annual report, 11 Jul 2026, page 97
- 38. Annual report, 11 Jul 2026, page 173
- 39. Annual report, 11 Jul 2026, page 173
- 40. Annual report, 11 Jul 2026, page 233
- 41. Annual report, 11 Jul 2026, page 97
- 42. Annual report, 11 Jul 2026, page 173
- 43. Annual report, 11 Jul 2026, page 17
Results
Consolidated; ₹ crore.DLF quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −29.3%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +6.6%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,261 Crdown 1.54%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,301 Crup 63.92%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 103.2%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,529 | 3,128 | 2,717 | 1,643 | 2,020 | 1,814 | 1,280 | 1,261 |
| Net profit | 1,059 | 1,282 | 763 | 1,180 | 1,203 | 1,269 | 794 | 1,301 |
| Net margin | 69.3% | 41.0% | 28.1% | 71.8% | 59.6% | 69.9% | 62.0% | 103.2% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹8,194 Crup 2.51%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,415 Crup 1.10%
- Net margin
- 53.9%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,221 | 6,707 | 8,366 | 6,083 | 5,414 | 5,717 | 5,695 | 6,427 | 7,994 | 8,194 |
| Net profit | 708 | 4,477 | 1,314 | −590 | 1,083 | 1,500 | 2,034 | 2,724 | 4,367 | 4,415 |
| Net margin | 8.6% | 66.8% | 15.7% | −9.7% | 20.0% | 26.2% | 35.7% | 42.4% | 54.6% | 53.9% |
Business segments
In the year to Mar 2026 the company reports one business segment, Real estate Development, which carries all its revenue. From the quarter to Sep 2026 it reports 2 businesses, by share of revenue: Real Estate, 87.0% and Rental, 13.0%.
Valuation
Today, against the company's own history.DLF PE ratio and valuation
At or below today's level on 14% of 1,981 trading days over the last 10 years.
At or below today's level on 51% of 1,239 trading days over the last 5 years.
At or below today's level on 80% of 2,476 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −24.3% | +1.1% | −26.7% | 1.6% |
| 3 years | +13.2% | +29.4% | −13.3% | 1.0% |
| 5 years | +12.9% | +32.2% | −15.3% | 1.0% |
Mutual fund holdings
224 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 124 of the 162 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 224 funds holding DLF
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 4
- AddedAdded. Funds that held more shares than at the end of the month before.
- 72
- CutCut. Funds that held fewer shares than at the end of the month before.
- 90
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 53
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 23
| Fund | |||
|---|---|---|---|
| 5,27,73,327 | 2.45% | ₹3,556.9 Cr | |
| 1,73,12,675 | 2.33% | ₹1,166.9 Cr | |
| 1,30,00,000 | 1.02% | ₹876.2 Cr | |
| 1,18,86,236 | 1.05% | ₹801.1 Cr | |
| 71,74,922 | 3.25% | ₹483.6 Cr | |
| 51,23,831 | 1.14% | ₹345.3 Cr | |
| 36,74,491 | 1.12% | ₹247.7 Cr | |
| 25,57,089 | 1.77% | ₹172.3 Cr | |
| 25,00,000 | 0.60% | ₹168.5 Cr | |
| 23,00,000 | 1.98% | ₹155.0 Cr |
DLF competitors and peers
Residential, Commercial Projects, 171 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to DLF in market cap.Real estate companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,00,978 | 24.48 | 4.34 | +26.0% | +39.2% | 19.0% | 16.5% | 0.42% | |
| 68,138 | 53.23 | 6.20 | +17.7% | +29.0% | 11.9% | 12.0% | 0.13% | |
| 61,263 | 53.79 | 3.76 | +67.5% | +115.9% | 7.2% | 8.7% | 0.14% | |
| 58,867 | 22.36 | 3.08 | +16.6% | +18.0% | 14.7% | 15.8% | 0.49% | |
| 47,762 | 35.40 | 2.47 | +50.0% | −12.9% | 7.2% | −1.4% | 0.63% | |
| 18,013 | 25.92 | 2.64 | +4.8% | −7.6% | 11.2% | 8.5% | 0.36% | |
| 16,803 | 29.04 | 2.90 | +17.0% | +25.7% | 11.6% | 9.8% | 0.21% | |
| 13,354 | – | – | – | – | – | – | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.DLF dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 27 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹8.00 |
| 28 Jul 2025 | Final | ₹6.00 |
| 31 Jul 2024 | Final | ₹5.00 |
| 28 Jul 2023 | Final | ₹4.00 |
| 2 Aug 2022 | Final | ₹3.00 |
| 23 Aug 2021 | Final | ₹2.00 |
Latest announcements
Routine notices left out.DLF announcements
Oct 2026
16 Oct · Business
16 Oct · Updates
14 Oct · Analysts
DLF share price by year
Each calendar year to 2025.DLF share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 687.40 | −16.7% | 880.35 | 608.05 |
| 2024 | 824.90 | +13.6% | 948.25 | 713.85 |
| 2023 | 726.40 | +93.7% | 728.65 | 342.70 |
| 2022 | 375.00 | −4.0% | 423.80 | 298.50 |
| 2021 | 390.45 | +67.7% | 442.20 | 234.40 |
| 2020 | 232.85 | +0.8% | 262.85 | 120.80 |
| 2019 | 230.90 | +30.0% | 233.25 | 142.45 |
| 2018 | 177.55 | −31.5% | 270.50 | 144.35 |
| 2017 | 259.35 | +132.8% | 263.80 | 118.70 |
| 2016 | 111.40 | −4.0% | 167.75 | 80.80 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 653.00 | 664.90 | 650.00 | 662.30 | 659.63 | 17,51,125 | 36.6% |
| 23 Oct 2026 | 662.90 | 664.20 | 647.60 | 657.00 | 655.25 | 20,66,831 | 37.1% |
| 22 Oct 2026 | 657.00 | 670.80 | 655.05 | 663.25 | 663.48 | 24,12,286 | 46.7% |
| 21 Oct 2026 | 671.00 | 684.00 | 657.85 | 664.00 | 668.18 | 26,69,497 | 47.6% |
| 19 Oct 2026 | 684.00 | 685.85 | 670.05 | 672.85 | 676.32 | 25,04,625 | 38.0% |
| 16 Oct 2026 | 670.00 | 680.85 | 668.00 | 675.00 | 675.37 | 19,06,820 | 39.3% |
| 15 Oct 2026 | 667.00 | 675.30 | 661.65 | 670.50 | 669.66 | 24,23,566 | 41.5% |
| 14 Oct 2026 | 662.40 | 677.50 | 657.60 | 666.90 | 668.22 | 25,47,372 | 41.4% |
| 13 Oct 2026 | 650.15 | 664.80 | 646.30 | 664.80 | 657.03 | 20,57,228 | 50.3% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Buyback history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 14 Oct 2014 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for. |
| 18 May 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 24 Oct 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
Company details
- NSE symbol
- DLF
- BSE code
- 532868
- ISIN
- INE271C01023
- Industry
- Realty
- Website
- www.dlf.in
- CIN
- L70101HR1963PLC002484
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1963
- Registered office
- Shopping Mall, 3rd Floor, Arjun Marg, DLF City Phase-I, Gurugram 122002, Haryana
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments