NSE: DLF | BSE: 532868

Mid-range Performer

Download real time

739.05 -10.40 (-1.39%)

3.1M NSE+BSE Volume

NSE 29 Aug, 2025 3:31 PM (IST)

182,937.9

Market Cap

Market Leader

1.8

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.

DLF Ltd.

03 Feb 2022

739.05

-1.39%

Strong demand traction and launches propelling pre-sales growth

Neutral: DLF Ltd.

Recommendation Target

Motilal Oswal

DLF reported strong performance in its residential business as new sales value doubled YoY driven by new launches and robust cash flow generation. This led to further reduction in net debt in its development (DevCo) arm. Sales traction remained intact despite 12% price hike taken at the portfolio level since beginning of the year and DLF further plans to take 10-12% price hike in its key projects (Camellias and the recently launched ONE-Midtown). DLF's commercial portfolio (DCCDL) performance remained stable with marginal increase in occupancy to 88% v/s 87% in 2QFY22. Rental...

Number of FII/FPI investors increased from 901 to 923 in Jun 2025 qtr.

DLF Ltd.

30 Oct 2021, 12:00AM

739.05

-1.39%

DLF Ltd. | Q2FY22 Result Update

Buy: DLF Ltd.

Target

Edelweiss

Best residential operating matrix in last 5 years

Number of FII/FPI investors increased from 901 to 923 in Jun 2025 qtr.

DLF Ltd.

18 Jul 2021

739.05

-1.39%

Pick of the Week - DLF Limited

Buy: DLF Ltd.

Target

Edelweiss

DLF is a north India based real estate developer.

DLF Ltd. has an average target of 963.25 from 4 brokers.

DLF Ltd.

10 May 2021

739.05

-1.39%

DLF Ltd | Tactical BUY

Buy: DLF Ltd.

Target

Edelweiss

Renewed focus on residential business a key positive

Geojit BNP Paribas downgraded DLF Ltd. to Hold with a price target of 854.0 on 20 Aug, 2025.

DLF Ltd.

21 Sep 2020

739.05

-1.39%

Pick of the Week - DLF Limited

Buy: DLF Ltd.

Edelweiss

DLF, incorporated in 1963, is a north India based real estate developer

Number of FII/FPI investors increased from 901 to 923 in Jun 2025 qtr.

DLF Ltd.

07 Apr 2020

739.05

-1.39%

Real Estate (Update): Multiple Headwinds

Buy: DLF Ltd.

Target

HDFC Securities

We remain positive on mixed used plays with strong balance sheet. DLF & Oberoi are our top sectoral picks. We hosted Real Estate - COVID 19 Challenges and Opportunities call with JLL India CEO and Country Head Mr. Ramesh Nair. The key takeaways include (1) Strong office fundamentals with low vacancy and limited new supply (2) Occupiers still committed but lease decision getting postponed by few weeks (3) Work from home can take away 7-8% office demand (~3mn sqft annually) (4) Rental pricing may remain muted, mark to market opportunity may get repriced lower (5) Retail worst hit as occupiers asking for rent free period until lockdown (6) Landlords want minimum guarantee, occupiers asking for revenue share, some compromise may happen (7) LRD hit to be borne by landlords, if any (8) Residential real estate to bottom out by CY20E (9) Consolidation to increase further (10) Force majeure difficult to implement, out of court settlement, one on one negotiated settlement way forward.

Geojit BNP Paribas downgraded DLF Ltd. to Hold with a price target of 854.0 on 20 Aug, 2025.

DLF Ltd.

07 Feb 2020

739.05

-1.39%

DLF (3QFY20): Muted performance. Maintain BUY

Buy: DLF Ltd.

Target

HDFC Securities

With slow movement on inventory of Rs 48bn in the luxury projects of DLF Phase V, the company is recalibrating its go-to market with conversion of plotted land-bank to low-rise independent floor development with Rs 1.5-3mn ticket size. This shall enable the company to bridge the gap in sales. Though the net debt is expected to remain in the same range as of 4QFY20, through accelerated monetization of inventory coupled with monetization of its land bank and land entitlements, the company plans to reduce net debt to ~Rs 20bn. We maintain BUY. Key risks (1) Further delays in monetization of luxury segment inventory (2) Inability to fully utilize mark-to-market potential from rental assets. DLF luxury real estate continues to suffer from weak demand, elevated property prices and hence slower churn in ready inventory. Leasing portfolio continues to perform and with addition of new assets we have increased our SOTP-based TP to Rs 284/sh (vs. Rs 265/sh earlier). Strong balance sheet augurs well for lease asset portfolio growth.

DLF Ltd. has an average target of 963.25 from 4 brokers.

DLF Ltd.

11 Nov 2019

739.05

-1.39%

DLF (2QFY20): Positives in place. Maintain BUY

Buy: DLF Ltd.

HDFC Securities

Despite increase in net debt during the quarter with net D/E at 0.12x (vs 0.09x in 1QFY20), it is within acceptable limits with the company also committed towards further reduction in leverage over FY20-21E. Residual unsold inventory stands at Rs 101bn. Total residual collection on sold inventory is pegged at Rs 27.4bn vs. Rs 17.5bn of balance construction costs. DLF's luxury portfolio is expected to see increased momentum in 2HFY20E. With strong balance sheet, robust lease momentum and residential pre-sales expected to pick-up in 2HFY20, DLF is well placed. We maintain BUY. Key risks (1) Delay in ready inventory monetization (2) Inability to fully utilize mark-to-market potential from rental assets. We maintain BUY on DLF post positive pre-sales trajectory for a second consecutive quarter across the development portfolio, settlement of DCCDL dues and strong lease rental momentum. Our SOTP-based TP is maintained at Rs 258/sh. DLF balance sheet is strong post QIP and promoter fund infusion.

Number of FII/FPI investors increased from 901 to 923 in Jun 2025 qtr.

DLF Ltd.

01 Aug 2019

739.05

-1.39%

DLF (1QFY20): On track for re-rating. Maintain BUY

Buy: DLF Ltd.

HDFC Securities

DLF has achieved significant BS deleveraging with net D/E hitting 0.09x in 1QFY20. Residual unsold inventory stands at Rs 110bn (~4.5 years of inventory). Total residual collection on sold inventory is pegged at Rs 28bn vs. Rs 20bn of balance construction costs. DLF Phase V luxury projects are seeing good traction. With strong balance sheet, robust lease momentum and residential pre-sales recovery, DLF is well placed. We maintain BUY. Key risks (1) Delay in ready inventory monetization (2) DCCDL settlement (3) Inability to fully utilize mark-to-market potential from rental assets (4) Overall slowdown in leasing momentum. We maintain BUY on DLF post positive pre-sales trajectory in Phase V projects, debt reduction and strong lease rental momentum. Our SOTP-based TP is maintained at Rs 258/sh. DLF balance sheet is strong post QIP and promoter fund infusion.

DLF Ltd. is trading below all available SMAs

DLF Ltd.

25 Jun 2019

739.05

-1.39%

DLF LIMITED

Accumulate: DLF Ltd.

Target

Geojit BNP Paribas

DLF Ltd primarily engaged in developing of residential and commercial properties. The company has a unique business model with earnings arising from development and rentals. Its exposure across businesses, segments and geographies mitigates any down-cycle in the market. From developing 22...

DLF Ltd. has an average target of 963.25 from 4 brokers.

Is DLF Ltd. worth buying?

454 Votes:

Buy 74.01%

Sell 15.42%

Hold 10.57%

RESEARCH REPORTS

Hold SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf