DLF logo

DLF share price

NSE: DLFBSE: 532868RealtyLarge Cap

DLF Limited · Face value ₹2 · Listed Jul 2007
Last close ₹671.00up ₹8.70 (1.31%)BSE ₹670.00

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

52-week range of traded prices to 27 Oct 2026
₹489.40Low, 2 Apr 2026₹786.50High, 29 Oct 2025
Market cap
₹1,66,093 Cr56th largest listed
P/E
36.37
P/B
3.64
Dividend yield
1.19%
ROE
10.3%
ROCE
1.8%
Debt to equity
0.00
Volume, NSE
12,88,97736.8% delivered

DLF share price chart

Daily closes since Jul 2007, adjusted for splits and bonuses

−13.9%over a year · Nifty Realty −15.7% · Nifty 500 −8.8%

Results20-session average 29,84,990 shares a day, 47.6% 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
    Itemyear to Mar 2026
    DLF Privana North, Gurugramover ₹11,000 crore
    The Dahlias, Gurugramover ₹4,800 crore
    The Westpark, Mumbai, its first launch thereover ₹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. 1. Annual report, 11 Jul 2026, page 183
  2. 2. Investor presentation, 3 Aug 2026, page 7
  3. 3. Annual report, 11 Jul 2026, page 165
  4. 4. Investor presentation, 3 Aug 2026, page 20
  5. 5. Annual report, 11 Jul 2026, page 41
  6. 6. Annual report, 11 Jul 2026, page 64
  7. 7. Exchange filing, 18 Aug 2026, page 1
  8. 8. Annual report, 11 Jul 2026, page 11
  9. 9. Annual report, 11 Jul 2026, page 6
  10. 10. Annual report, 11 Jul 2026, page 79
  11. 11. Annual report, 11 Jul 2026, page 39
  12. 12. Annual report, 11 Jul 2026, page 74
  13. 13. Exchange filing, 16 Oct 2026, page 1
  14. 14. Annual report, 11 Jul 2026, page 85
  15. 15. Earnings call, 17 Oct 2026, page 3
  16. 16. Earnings call, 17 Oct 2026, page 3
  17. 17. Annual report, 11 Jul 2026, page 74
  18. 18. Annual report, 11 Jul 2026, page 74
  19. 19. Annual report, 11 Jul 2026, page 76
  20. 20. Investor presentation, 3 Aug 2026, page 33
  21. 21. Annual report, 11 Jul 2026, page 11
  22. 22. Earnings call, 17 Oct 2026, page 3
  23. 23. Annual report, 11 Jul 2026, page 76
  24. 24. Annual report, 11 Jul 2026, page 76
  25. 25. Investor presentation, 3 Aug 2026, page 9
  26. 26. Annual report, 11 Jul 2026, page 76
  27. 27. Earnings call, 17 Oct 2026, page 3
  28. 28. Earnings call, 17 Oct 2026, page 3
  29. 29. Annual report, 11 Jul 2026, page 76
  30. 30. Annual report, 11 Jul 2026, page 76
  31. 31. Annual report, 11 Jul 2026, page 76
  32. 32. Annual report, 11 Jul 2026, page 76
  33. 33. Earnings call, 17 Oct 2026, page 8
  34. 34. Earnings call, 17 Oct 2026, page 9
  35. 35. Earnings call, 17 Oct 2026, page 3
  36. 36. Exchange filing, 14 Jan 2026, page 1
  37. 37. Annual report, 11 Jul 2026, page 97
  38. 38. Annual report, 11 Jul 2026, page 173
  39. 39. Annual report, 11 Jul 2026, page 173
  40. 40. Annual report, 11 Jul 2026, page 233
  41. 41. Annual report, 11 Jul 2026, page 97
  42. 42. Annual report, 11 Jul 2026, page 173
  43. 43. Annual report, 11 Jul 2026, page 17

Results

Consolidated; ₹ crore.DLF quarterly results

Revenue growth, 12 months
−29.3%
Net profit growth, 12 months
+6.6%

Quarter to Sep 2026, against the quarter before

Revenue
₹1,261 Crdown 1.54%
Net profit
₹1,301 Crup 63.92%
Net margin
103.2%

Revenue by quarter

₹1,529 CrDec 24₹3,128 CrMar 25₹2,717 CrJun 25₹1,643 CrSep 25₹2,020 CrDec 25₹1,814 CrMar 26₹1,280 CrJun 26₹1,261 CrSep 26
Peak revenue ₹3,128 Cr, quarter to Mar 2025; lowest ₹1,261 Cr, quarter to Sep 2026

Net profit by quarter, a loss in red

₹1,059 CrDec 24₹1,282 CrMar 25₹763 CrJun 25₹1,180 CrSep 25₹1,203 CrDec 25₹1,269 CrMar 26₹794 CrJun 26₹1,301 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue1,5293,1282,7171,6432,0201,8141,2801,261
Net profit1,0591,2827631,1801,2031,2697941,301
Net margin69.3%41.0%28.1%71.8%59.6%69.9%62.0%103.2%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

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

Price to earnings

At or below today's level on 14% of 1,981 trading days over the last 10 years.

LowestHighest
Its median51.46Industry median16.21
Price to book

At or below today's level on 51% of 1,239 trading days over the last 5 years.

LowestHighest
Its median3.61Industry median1.49
Dividend yield

At or below today's level on 80% of 2,476 trading days over the last 10 years.

LowestHighest
Its median0.78%Industry median0.50%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.DLF shareholding pattern

Shareholding by group

  • Promoters74.08%
  • Foreign institutions11.43%
  • Indian institutions9.08%
  • Individuals and others5.41%
Holder
RAJDHANI INVESTMENTS AND AGENCIES PRIVATE LIMITEDPromoter61.53%
PREM TRADERS LLPPromoter3.64%
MALLIKA HOUSING COMPANY LLPPromoter2.90%
RAISINA AGENCIES LLPPromoter2.66%
JHANDEWALAN ANCILLARIES LLPPromoter1.91%
INVESCO GLOBAL FUNDForeign portfolio investors, category I1.22%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.88 pts, Indian institutions +1.04 pts, mutual funds +0.80 pts.

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 time
1
Bought again
4
Added
72
Cut
90
Held unchanged
53
Sold out
23
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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

Return on equity across, P/E up, size is market cap
Company
Lodha Developers logoLodha DevelopersLODHA1,00,97824.484.34+26.0%+39.2%19.0%16.5%0.42%
The Phoenix Mills logoThe Phoenix MillsPHOENIXLTD68,13853.236.20+17.7%+29.0%11.9%12.0%0.13%
Prestige Estates Projects logoPrestige Estates ProjectsPRESTIGE61,26353.793.76+67.5%+115.9%7.2%8.7%0.14%
Oberoi Realty logoOberoi RealtyOBEROIRLTY58,86722.363.08+16.6%+18.0%14.7%15.8%0.49%
Godrej Properties logoGodrej PropertiesGODREJPROP47,76235.402.47+50.0%−12.9%7.2%−1.4%0.63%
Brigade Enterprises logoBrigade EnterprisesBRIGADE18,01325.922.64+4.8%−7.6%11.2%8.5%0.36%
Anant Raj logoAnant RajANANTRAJ16,80329.042.90+17.0%+25.7%11.6%9.8%0.21%
Horizon Industrial Parks logoHorizon Industrial ParksHORIZONIND13,354––––––0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

2Mar 172Mar 182Mar 192Mar 202Mar 213Mar 224Mar 235Mar 246Mar 258Mar 26
Highest ₹8.00 a share, year to Mar 2026.
Ex-dateTypePer share
27 Jul 2026Final₹8.00
28 Jul 2025Final₹6.00
31 Jul 2024Final₹5.00
28 Jul 2023Final₹4.00
2 Aug 2022Final₹3.00
23 Aug 2021Final₹2.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.DLF announcements

DLF share price by year

Each calendar year to 2025.DLF share price history

YearClose at year endChangeHighest closeLowest close
2025687.40−16.7%880.35608.05
2024824.90+13.6%948.25713.85
2023726.40+93.7%728.65342.70
2022375.00−4.0%423.80298.50
2021390.45+67.7%442.20234.40
2020232.85+0.8%262.85120.80
2019230.90+30.0%233.25142.45
2018177.55−31.5%270.50144.35
2017259.35+132.8%263.80118.70
2016111.40−4.0%167.7580.80
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 2026653.00664.90650.00662.30659.6317,51,12536.6%
23 Oct 2026662.90664.20647.60657.00655.2520,66,83137.1%
22 Oct 2026657.00670.80655.05663.25663.4824,12,28646.7%
21 Oct 2026671.00684.00657.85664.00668.1826,69,49747.6%
19 Oct 2026684.00685.85670.05672.85676.3225,04,62538.0%
16 Oct 2026670.00680.85668.00675.00675.3719,06,82039.3%
15 Oct 2026667.00675.30661.65670.50669.6624,23,56641.5%
14 Oct 2026662.40677.50657.60666.90668.2225,47,37241.4%
13 Oct 2026650.15664.80646.30664.80657.0320,57,22850.3%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Buyback history

Ex-dateEventPrice factorWhat happened
14 Oct 2014Price 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 2009Price 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 2008Price 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.
Each event is noted and not adjusted for.

Company details

Chairperson
Rajiv Singh
At the end of the quarter to Sep 2026
Managing director
Ashok Kumar Tyagi
At the end of the quarter to Sep 2026
Managing director
Devinder Singh
At the end of the quarter to Sep 2026
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