NSE: DLF | BSE: 532868

Expensive Performer

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644.50 -11.35 (-1.73%)

31.69% Gain from 52W Low

5.1M NSE+BSE Volume

NSE 11 Sep, 2026 3:31 PM (IST)

159,533.8

Market Cap

Market Leader

Beta 1Year

Very High Volatility

DLF Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for DLF, BSE:532868 DLF Ltd.

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DLF Ltd.

05 Aug 2026

644.50

-1.73%

Launches to pick up ahead; annuity income to grow in mid-teens

Buy: DLF Ltd.

Target

ICICI Securities Limited

DLF clocked Q1FY27 sales bookings of INR 7bn, with no major launch during the quarter. For the remainder of FY27, the company is targeting multiple launches with GDV of over INR 200bn with FY27 sales booking guidance of INR 200bn.

DLF Ltd. is trading above its 200 day SMA of 631.9

DLF Ltd.

04 Aug 2026

644.50

-1.73%

Upcoming launches to likely revive pre-sales

Buy: DLF Ltd.

Target

Motilal Oswal

In 1QFY27, pre-sales at INR6.6b (-94% YoY) were very weak due to the impact of deferred launches (56% below estimates). Overall, it has a launch pipeline of ~INR200b in FY27, comprising major launches in DLF City (INR80-90b potential), Arbour Senior Living, Westpark P-2, and the Goa project.

DLF Ltd. is trading below its 30 day SMA of 667.1

DLF Ltd.

15 May 2026

644.50

-1.73%

DLF Ltd.

Buy: DLF Ltd.

Target

ICICI Direct

FY27 pre-sales guidance flattish, to focus on execution & cashflows: DLF conservatively guided for launch and pre-sales of 20,000 crore for FY27 (FY26 - 20,143 crore). FY27 launch pipeline projects include 1) Arbour Senior living 2) Hamilton II 3) Goa 4) Westpark phase II. Overall FY27 presales bakes in 1) 13000-14000 crore from 20,000 project launches and 2) 5000-6000 crore from Dahlias. Its current launch pipeline of 1.14 lakh crore has over 60,000 crore projects which are yet to be launched, while it would unlock future phase of launch pipeline as per market demand and its execution strategy. Instead to chasing pre-sales, management...

DLF Ltd. has an average target of 836.00 from 3 brokers.

DLF Ltd.

27 Jan 2026

644.50

-1.73%

DLF Ltd.

Buy: DLF Ltd.

Target

ICICI Direct

Q3FY26 performance: DLF reported weakest pre-sales booking of 419 crore (excluding Dahlias) over trailing 21 quarters for Q3FY26. As per management, new bookings in Dahlias were on hold in Q3 due to redesign for enhanced customer experience; bookings resumed now in Q4. However, collections were at record high at 5100 crore (up 64% YoY, up 91% QoQ). Higher revenue booking led to 32% YoY growth (up 23% QoQ) in consolidated revenues at 2020 crore for Q3FY26. Consolidated EBITDA declined 2.5% YoY (up 37.5% QoQ) at 390 crore. Higher other income YoY, lower tax outgo and adjusting for 60 crore one-off expense...

DLF Ltd. is trading above its 200 day SMA of 631.9

DLF Ltd.

23 Jan 2026

644.50

-1.73%

Bookings soften amid Dahlias pause and launch drought

buy: DLF Ltd.

Target

Motilal Oswal

In 3QFY26, DLF reported bookings of INR4b, down 97% YoY and 90% QoQ (90% below our estimate due to sales being halted at Dahlias for redesign). In 9MFY26, bookings were at INR161.8b, down 16% YoY.

DLF Ltd. is trading below its 30 day SMA of 667.1

DLF Ltd.

16 Jan 2026

644.50

-1.73%

Play on uber-luxury RRE with strong rental income

Buy: DLF Ltd.

Target

Motilal Oswal

DLF’s portfolio of luxury residential development has seen exceptional traction at launch, with Gurugram increasingly emerging as a hub for ultra-luxury housing where DLF enjoys a dominant position.

DLF Ltd. has an average target of 836.00 from 3 brokers.

DLF Ltd.

06 Nov 2025

644.50

-1.73%

DLF Ltd.

Buy: DLF Ltd.

ICICI Direct

Q2FY26 performance: DLF reported healthy pre-sales booking of 4332 crore for Q2FY26 (up 6.3x YoY, down 62.1% QoQ) led by its maiden project launch in Mumbai The Westpark ( 2316 crore) and healthy contribution from super-luxury project Camellias ( 1624 crore). However, collections were soft at 2672 crore (up 12.7% YoY, down 4.4% QoQ). Lower revenue booking led to 17% YoY decline in consolidated revenues at 1643 crore for Q2FY26. Further, gross margins and EBITDA margins were lower 222 bps and 816 bps YoY at 43.1% and 17.3%. Consolidated net profit of 1180 crore (down 15% YoY, up 55% QoQ) was aided by...

DLF Ltd. is trading below its 30 day SMA of 667.1

DLF Ltd.

31 Oct 2025

644.50

-1.73%

MMR launch and Dahlias' incremental sales drive bookings Robust medium-term pipeline

Buy: DLF Ltd.

Target

Motilal Oswal

In 2QFY26, DLF reported bookings of INR43b, up 6x YoY and down 62% QoQ (55% above our est.). In 1HFY26, bookings stood at INR157.6b, up 2x YoY.

DLF Ltd. is trading above its 200 day SMA of 631.9

DLF Ltd.

20 Aug 2025

644.50

-1.73%

DLF LIMITED

Hold: DLF Ltd.

Recommendation Target

Geojit BNP Paribas

*over or under performance to benchmark index DLF Ltd. is India's largest real estate developer with over 73 years of experience in the realty sector. It operates in all stages of development and generates revenue from...

Number of FII/FPI investors decreased from 806 to 786 in Jun 2026 qtr

DLF Ltd.

05 Aug 2025

644.50

-1.73%

Privana launch lifts sales; but collections disappoint

Buy: DLF Ltd.

Target

Motilal Oswal

In 1QFY26, bookings surged 78% YoY/5x QoQ to INR114b (11% below our est.), fueled by healthy sales from the luxury project, DLF Privana North, launched during the quarter.

DLF Ltd. is trading below its 30 day SMA of 667.1

Is DLF Ltd. worth buying?

489 Votes:

Buy 74.23%

Sell 15.13%

Hold 10.63%

RESEARCH REPORTS

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