Fortune India 500 2025 edition
Rank#291- Total income
- ₹8,996 Cr
- Profit
- ₹4,368 Cr
Last year #322
DLF Limited - real estate and construction in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Active Listed - NSE: DLF · BSE: 532868 Public Limited Company real estate and construction Fortune India 500 · #291 Nifty 500
Market Cap
₹1,64,175 Cr
DLF · NSE
Share Price
₹657.00
-0.94% today
Revenue
₹8,194 Cr
FY 2025-26 · +2.5% YoY
EBITDA
₹1,416 Cr
Margin 17.3%
Net Profit
₹4,181 Cr
FY 2025-26 · -10.2% YoY
P/E (TTM)
35.8x
P/B 3.6x
ROE
6.0%
ROCE 6.6%
Debt / Equity
0.05
Interest cover 15.6x
About DLF Limited
Data last updated:
DLF Limited is a public limited company based in Gurgaon, Haryana, India, a subsidiary of Rajdhani Investments And Agencies Pvt Ltd. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 04 July 1963 and has been in existence for over 63 years.
DLF is ranked #291 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Rajiv Singh and family are #19 among India's richest people (2026). Its director Pia Singh is #316 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN L70101HR1963PLC002484. Its GSTIN is 06AAACD3494N1ZC (Haryana). The company holds 16 GST registrations, of which 11 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532868 and NSE: DLF.
The company has an authorised share capital of ₹1,002.99 Cr and a paid-up capital of ₹495.06 Cr. It was formerly known as Dlf Universal Ltd and American Universal Electric (India) Limited. It is led by directors including Ashok Kumar Tyagi (Managing Director) and Devinder Singh (Managing Director).
Its last annual general meeting (AGM) was held on 03 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Shopping Mall 3rd Floor Arjun Marg Phase I DLF City Gurgaon, Haryana, India – 122002.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹8,194.02 Cr, a growth of 2.5% compared to the previous year. For the same year it recorded a net profit of ₹4,181.3 Cr (net margin 51%) and EBITDA of ₹1,416.09 Cr (EBITDA margin 17.3%). The net worth stands at ₹45,473 Cr (up 6.9% YoY). Total assets are valued at ₹47,186 Cr (down 1.6% YoY).
The company has about 1,965 employees on its provident fund (EPFO) records. Its group structure includes 98 subsidiaries.
The company is associated with 7 brands, including DLF Emporio, DLF The Camellias, DLF Mall of India, DLF CyberHub, DLF The Magnolias and others. As per MCA filings, the company has open charges of ₹2,838.19 Cr and satisfied charges of ₹52,450 Cr on record. Court records list 554 cases involving the company, including 218 filed by the company and 338 filed against it; 150 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dlf.in.
Company details
CIN L70101HR1963PLC002484
Registration Number 002484
Incorporation Date 04 July 1963
ROC Haryana
Listing Status Listed - Listed on NSE (DLF); Listed on BSE (532868)
Company Status Active
Date of Last AGM 03 August 2026
Date of Balance Sheet 31 March 2026
Parent Company Rajdhani Investments And Agencies Pvt Ltd
Compliance Status Active Compliant
Name history
DLF has undergone 5 name changes throughout its history. The current legal name is Dlf Limited.
| Company Name | Status |
|---|---|
| DLF Limited | Current |
| Dlf Universal Ltd | Previous |
| American Universal Electric (India) Limited | Previous |
| Dlf Universal Electric Limited | Previous |
| Dlf Univesal Electric Limited | Previous |
| Dlf Univesal Limited | Previous |
Key People
Ashok Kumar Tyagi Managing Director Devinder Singh Managing Director Rajiv Singh Whole-Time Director Recognitions & Rankings of DLF
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#29- Valuation
- ₹2,13,570 Cr
2023 #30 2022 #42 2021 #47
India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #19 Rajiv Singh & family ₹1,10,100 Cr
- #316 Pia Singh ₹12,000 Cr
Stock market indices
Nifty 500 BSE 500
Contact details
DLF Limited's registered office is in Gurgaon, Haryana. Its website is dlf.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressShopping Mall 3rd Floor Arjun Marg Phase I DLF City Gurgaon, Haryana, India – 122002
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of DLF Limited, buy the company report.
Comprehensive company report
DLF Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
DLF operates multiple associated brands including DLF Emporio, DLF The Camellias, and DLF Mall of India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of property and real estate development services | dlf.in | |
| Provider of commercial development services | onehorizoncenter.com | |
| Luxury retail, shopping experiences, and real estate services are provided in India. | dlfemporio.com | |
| Real estate development focusing on luxury residential projects and community services in India. | camellias.co.in | |
| Retail mall providing shopping, dining, and entertainment services in Noida. | dlfmallofindia.com | |
| A hub for dining, shopping, and entertainment services in Gurgaon. | dlfcyberhub.com | |
| Real estate development of luxury residential projects in Gurgaon. | themagnolias.org.in |
Business activity
The main business activity of DLF is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of DLF Limited, buy the company report.
Financials of DLF Limited
FY 2025-26 filings availableDLF Limited reported revenue of ₹8,194.02 Cr (up 2.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹8,194 Cr
+2.5% YoY
EBITDA
₹1,416 Cr
-21.6% YoY
Profit After Tax
₹4,181 Cr
-10.2% YoY
Net Worth
₹45,473 Cr
+6.9% YoY
Total Assets
₹47,186 Cr
-1.6% YoY
Total Debt
₹306 Cr
-92.5% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 8,194 | 7,994 | 6,427 | 5,695 | 5,717 | 5,414 | 6,083 |
| Revenue growth | +2.5% | +24.4% | +12.9% | -0.4% | +5.6% | -11.0% | - |
| EBITDA | 1,416 | 1,806 | 2,124 | 1,726 | 1,518 | 1,322 | 1,135 |
| EBITDA margin | +17.3% | +22.6% | +33.0% | +30.3% | +26.6% | +24.4% | +18.7% |
| Profit before tax | 2,932 | 2,261 | 2,151 | 1,502 | 1,165 | 840 | 653 |
| Net profit | 4,181 | 4,658 | 2,682 | 2,027 | 1,655 | 1,163 | 192 |
| Net profit margin | +51.0% | +58.3% | +41.7% | +35.6% | +28.9% | +21.5% | +3.2% |
| EPS (₹) | 17.83 | 17.64 | 11.02 | 8.22 | 6.06 | 4.42 | (2.36) |
| Balance sheet | |||||||
| Total assets | 47,186 | 47,953 | 45,502 | 42,490 | 41,741 | 43,543 | 44,121 |
| Net worth | 45,473 | 42,550 | 39,431 | 37,688 | 36,362 | 35,444 | 34,447 |
| Total debt | 306 | 4,103 | 4,834 | 3,334 | 4,182 | 6,785 | 8,103 |
| Cash & bank | 7,746 | 4,338 | 4,384 | 2,275 | 932 | 1,407 | 2,420 |
| Net working capital | 13,304 | 20,008 | 19,668 | 15,908 | 15,227 | 16,473 | 16,837 |
| Cash flow | |||||||
| Cash from operations | 6,347 | 5,235 | 2,539 | 2,375 | 2,832 | 1,460 | 356 |
| Cash from investing | 721 | (3,475) | (1,529) | (461) | 267 | 150 | 6,508 |
| Cash from financing | (5,547) | (2,403) | 177 | (2,013) | (3,828) | (2,184) | (9,522) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,261 | 1,280 | 1,814 | 2,020 | 1,643 | 2,717 | 3,128 | 1,529 |
| Revenue growth (YoY) | -23.3% | -52.9% | -42.0% | +32.2% | -16.8% | +99.4% | - | - |
| Other income | 1,037 | 325 | 308 | 459 | 854 | 264 | 220 | 209 |
| EBITDA | 23.02 | 150 | 411 | 330 | 284 | 364 | 978 | 97.60 |
| EBITDA margin | +1.8% | +11.7% | +22.6% | +16.3% | +17.3% | +13.4% | +31.3% | +6.4% |
| Depreciation | 38.20 | 35.14 | 48.25 | 30.15 | 29.54 | 34.47 | 36.91 | 38.74 |
| Interest | 18.22 | 17.62 | 21.09 | 36.29 | 63.12 | 78.57 | 109 | 93.90 |
| Profit before tax | 1,003 | 423 | 649 | 723 | 1,045 | 515 | 1,053 | 174 |
| Tax | 201 | 115 | (92.11) | (7.42) | 276 | 133 | 181 | (267) |
| Net profit | 802 | 308 | 741 | 730 | 769 | 382 | 871 | 440 |
| EPS (₹) | 5.25 | 3.21 | 5.12 | 4.86 | 4.77 | 3.08 | 5.18 | 4.28 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,984 | 4,482 | 3,243 | 3,979 | 4,054 | 3,929 | 2,370 |
| Revenue growth | -11.1% | +38.2% | -18.5% | -1.8% | +3.2% | +65.8% | - |
| EBITDA | 1,711 | 958 | 1,048 | 1,941 | 1,584 | 1,485 | 310 |
| EBITDA margin | +42.9% | +21.4% | +32.3% | +48.8% | +39.1% | +37.8% | +13.1% |
| Profit before tax | 4,491 | 2,072 | 1,527 | 2,739 | 1,675 | 1,378 | 3,466 |
| Net profit | 3,494 | 1,838 | 1,205 | 2,307 | 1,516 | 1,070 | 1,492 |
| Net profit margin | +87.7% | +41.0% | +37.2% | +58.0% | +37.4% | +27.2% | +63.0% |
| EPS (₹) | 15.14 | 6.37 | 5.05 | 9.34 | 5.39 | 4.26 | 9.15 |
| Balance sheet | |||||||
| Total assets | 32,652 | 33,596 | 33,371 | 32,888 | 31,950 | 32,812 | 34,052 |
| Net worth | 31,588 | 29,329 | 29,065 | 28,804 | 27,230 | 26,389 | 26,805 |
| Total debt | 45.59 | 3,262 | 3,358 | 3,116 | 3,762 | 5,431 | 6,123 |
| Cash & bank | 5,688 | 2,517 | 1,492 | 684 | 249 | 706 | 1,715 |
| Net working capital | 5,798 | 10,479 | 9,820 | 8,445 | 7,032 | 7,714 | 13,075 |
| Cash flow | |||||||
| Cash from operations | 6,073 | 4,688 | 1,090 | 1,593 | 1,855 | 885 | 20.36 |
| Cash from investing | 410 | (3,075) | 180 | 31.35 | 210 | (256) | (4,849) |
| Cash from financing | (4,894) | (1,705) | (1,029) | (1,715) | (2,547) | (1,345) | 2,617 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 439 | 257 | 2,307 | 563 | 647 | 468 | 2,236 | 937 |
| Revenue growth (YoY) | -32.1% | -45.1% | +3.2% | -39.9% | -28.5% | +15.4% | - | - |
| Other income | 947 | 223 | 1,363 | 328 | 1,171 | 142 | 823 | 317 |
| Total expenses | 538 | 372 | 763 | 498 | 544 | 482 | 1,240 | 1,024 |
| EBITDA | (98.92) | (115) | 1,544 | 65.02 | 102 | (14.25) | 996 | (87.46) |
| EBITDA margin | -22.5% | -44.6% | +66.9% | +11.6% | +15.8% | -3.0% | +44.5% | -9.3% |
| Depreciation | 18.44 | 16.21 | 31.15 | 11.85 | 11.16 | 15.41 | 18.75 | 18.71 |
| Interest | 5.40 | 4.60 | 8.35 | 25.31 | 43.68 | 63.10 | 88.97 | 81.11 |
| Profit before tax | 824 | 87.23 | 2,868 | 356 | 1,219 | 49.44 | 1,711 | 130 |
| Tax | 24.03 | 21.89 | 467 | 60.16 | 206 | 9.18 | 162 | 296 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,261 | 1,280 | 1,814 | 2,020 | 1,643 | 2,717 | 3,128 | 1,529 |
| Revenue growth (YoY) | -23.3% | -52.9% | -42.0% | +32.2% | -16.8% | +99.4% | - | - |
| Other income | 1,037 | 325 | 308 | 459 | 854 | 264 | 220 | 209 |
| EBITDA | 23.02 | 150 | 411 | 330 | 284 | 364 | 978 | 97.60 |
| EBITDA margin | +1.8% | +11.7% | +22.6% | +16.3% | +17.3% | +13.4% | +31.3% | +6.4% |
| Depreciation | 38.20 | 35.14 | 48.25 | 30.15 | 29.54 | 34.47 | 36.91 | 38.74 |
| Interest | 18.22 | 17.62 | 21.09 | 36.29 | 63.12 | 78.57 | 109 | 93.90 |
| Profit before tax | 1,003 | 423 | 649 | 723 | 1,045 | 515 | 1,053 | 174 |
| Tax | 201 | 115 | (92.11) | (7.42) | 276 | 133 | 181 | (267) |
| Net profit | 802 | 308 | 741 | 730 | 769 | 382 | 871 | 440 |
| EPS (₹) | 5.25 | 3.21 | 5.12 | 4.86 | 4.77 | 3.08 | 5.18 | 4.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 8,194 | 7,994 | 6,427 | 5,695 | 5,717 | 5,414 | 6,083 |
| Revenue growth | +2.5% | +24.4% | +12.9% | -0.4% | +5.6% | -11.0% | - |
| Other income | 1,857 | 1,002 | 531 | 317 | 420 | 531 | 1,146 |
| Total expenses | 6,778 | 6,187 | 4,303 | 3,969 | 4,199 | 4,092 | 4,948 |
| Employee cost | 640 | 592 | 546 | 548 | 354 | 314 | 357 |
| EBITDA | 1,416 | 1,806 | 2,124 | 1,726 | 1,518 | 1,322 | 1,135 |
| EBITDA margin | +17.3% | +22.6% | +33.0% | +30.3% | +26.6% | +24.4% | +18.7% |
| Depreciation | 142 | 151 | 148 | 149 | 149 | 159 | 200 |
| Interest | 199 | 397 | 356 | 392 | 625 | 853 | 1,427 |
| Profit before tax | 2,932 | 2,261 | 2,151 | 1,502 | 1,165 | 840 | 653 |
| Tax | 310 | (434) | 520 | 402 | 321 | 362 | 2,133 |
| Net profit | 4,181 | 4,658 | 2,682 | 2,027 | 1,655 | 1,163 | 192 |
| Net profit margin | +51.0% | +58.3% | +41.7% | +35.6% | +28.9% | +21.5% | +3.2% |
| EPS (₹) | 17.83 | 17.64 | 11.02 | 8.22 | 6.06 | 4.42 | (2.36) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 495 | 495 | 495 | 495 | 495 | 595 | 495 |
| Reserves & surplus | 44,978 | 42,055 | 38,936 | 37,192 | 35,867 | 34,849 | 33,952 |
| Shareholders' funds (net worth) | 45,473 | 42,550 | 39,431 | 37,688 | 36,362 | 35,444 | 34,447 |
| Minority interest | 0.00 | 0.00 | 0.80 | 4.36 | 19.47 | 20.28 | 18.41 |
| Secured loans | 0.00 | 3,809 | 3,917 | 3,058 | 3,882 | 6,534 | 7,906 |
| Unsecured loans | 306 | 294 | 917 | 276 | 300 | 251 | 196 |
| Total debt | 306 | 4,103 | 4,834 | 3,334 | 4,182 | 6,785 | 8,103 |
| Total liabilities | 47,186 | 47,953 | 45,502 | 42,490 | 41,741 | 43,543 | 44,121 |
| Assets | |||||||
| Gross block | 5,616 | 4,892 | 5,230 | 6,011 | 5,962 | 5,822 | 6,058 |
| Net block | 4,114 | 3,502 | 3,880 | 4,785 | 4,862 | 4,856 | 5,187 |
| Capital work in progress | 162 | 85.69 | 70.70 | 61.12 | 81.05 | 94.94 | 88.70 |
| Investments | 21,692 | 21,336 | 20,138 | 19,481 | 19,779 | 19,746 | 18,566 |
| Inventories | 24,717 | 24,621 | 21,154 | 19,361 | 20,107 | 21,087 | 22,486 |
| Sundry debtors | 847 | 802 | 538 | 549 | 564 | 581 | 720 |
| Cash & bank balances | 7,746 | 4,338 | 4,384 | 2,275 | 932 | 1,407 | 2,420 |
| Loans & advances | 5,538 | 10,254 | 5,561 | 2,587 | 2,246 | 2,801 | 2,733 |
| Total current assets | 38,849 | 40,016 | 31,638 | 24,772 | 23,848 | 25,876 | 28,360 |
| Total current liabilities | 25,546 | 20,008 | 11,970 | 8,864 | 8,621 | 9,404 | 11,522 |
| Net working capital | 13,304 | 20,008 | 19,668 | 15,908 | 15,227 | 16,473 | 16,837 |
| Total assets | 47,186 | 47,953 | 45,502 | 42,490 | 41,741 | 43,543 | 44,121 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 752 | 1,394 | 207 | 306 | 1,035 | 1,608 | 4,266 |
| Net cash from operating activities | 6,347 | 5,235 | 2,539 | 2,375 | 2,832 | 1,460 | 356 |
| Net cash from investing activities | 721 | (3,475) | (1,529) | (461) | 267 | 150 | 6,508 |
| Net cash from financing activities | (5,547) | (2,403) | 177 | (2,013) | (3,828) | (2,184) | (9,522) |
| Net change in cash | 1,522 | (642) | 1,186 | (98.50) | (729) | (573) | (2,658) |
| Closing cash | 7,746 | 4,338 | 4,384 | 2,275 | 932 | 1,407 | 2,420 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +2.5% | +24.4% | +12.9% | -0.4% | +5.6% | -11.0% | - |
| EBITDA growth | -21.6% | -14.9% | +23.0% | +13.7% | +14.9% | +16.4% | - |
| PBT growth | +29.7% | +5.1% | +43.1% | +29.0% | +38.7% | +28.5% | +1.2% |
| Net income growth | -10.2% | +73.6% | +32.3% | +22.5% | +42.3% | +505.7% | - |
| Revenue CAGR (3Y) | +12.9% | +11.8% | +5.9% | -2.2% | -11.9% | -6.9% | -9.6% |
| EBITDA CAGR (3Y) | -6.4% | +6.0% | +17.1% | +15.0% | -10.8% | +35.8% | -30.5% |
| Profitability & leverage | |||||||
| Net income margin | +32.0% | +33.7% | +25.4% | +19.3% | +14.8% | +8.8% | -24.3% |
| Return on capital employed | +6.6% | +6.3% | +5.7% | +4.5% | +4.7% | +4.1% | +3.6% |
| Return on net worth | +6.0% | +7.3% | +4.2% | +3.0% | +2.8% | +1.6% | -2.1% |
| Debt / equity | 0.05 | 0.11 | 0.11 | 0.10 | 0.15 | 0.21 | 0.37 |
| Long-term debt / equity | 0.02 | 0.06 | 0.05 | 0.05 | 0.08 | 0.10 | 0.14 |
| Interest cover | 15.63 | 23.99 | 18.04 | 24.86 | 45.63 | 73.43 | 152.66 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.56 | 1.58 | 1.14 | 0.95 | 0.97 | 0.91 | 0.95 |
| Inventory turnover | 0.33 | 0.35 | 0.32 | 0.29 | 0.28 | 0.25 | 0.27 |
| Debtors turnover | 9.93 | 11.93 | 11.82 | 10.23 | 9.99 | 8.32 | 7.84 |
| EPS (₹) | 17.83 | 17.64 | 11.02 | 8.22 | 6.06 | 4.42 | (2.36) |
| Dividend per share (₹) | 8.00 | 6.00 | 5.00 | 4.00 | 3.00 | 2.00 | 2.00 |
| Book value per share (₹) | 183.71 | 171.90 | 159.30 | 152.25 | 146.90 | 142.79 | 139.16 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 439 | 257 | 2,307 | 563 | 647 | 468 | 2,236 | 937 |
| Revenue growth (YoY) | -32.1% | -45.1% | +3.2% | -39.9% | -28.5% | +15.4% | - | - |
| Other income | 947 | 223 | 1,363 | 328 | 1,171 | 142 | 823 | 317 |
| Total expenses | 538 | 372 | 763 | 498 | 544 | 482 | 1,240 | 1,024 |
| EBITDA | (98.92) | (115) | 1,544 | 65.02 | 102 | (14.25) | 996 | (87.46) |
| EBITDA margin | -22.5% | -44.6% | +66.9% | +11.6% | +15.8% | -3.0% | +44.5% | -9.3% |
| Depreciation | 18.44 | 16.21 | 31.15 | 11.85 | 11.16 | 15.41 | 18.75 | 18.71 |
| Interest | 5.40 | 4.60 | 8.35 | 25.31 | 43.68 | 63.10 | 88.97 | 81.11 |
| Profit before tax | 824 | 87.23 | 2,868 | 356 | 1,219 | 49.44 | 1,711 | 130 |
| Tax | 24.03 | 21.89 | 467 | 60.16 | 206 | 9.18 | 162 | 296 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,984 | 4,482 | 3,243 | 3,979 | 4,054 | 3,929 | 2,370 |
| Revenue growth | -11.1% | +38.2% | -18.5% | -1.8% | +3.2% | +65.8% | - |
| Other income | 2,990 | 1,526 | 835 | 1,194 | 603 | 551 | 3,843 |
| Total expenses | 2,274 | 3,523 | 2,195 | 2,038 | 2,469 | 2,444 | 2,060 |
| Employee cost | 389 | 385 | 351 | 380 | 239 | 191 | 206 |
| EBITDA | 1,711 | 958 | 1,048 | 1,941 | 1,584 | 1,485 | 310 |
| EBITDA margin | +42.9% | +21.4% | +32.3% | +48.8% | +39.1% | +37.8% | +13.1% |
| Depreciation | 69.59 | 73.24 | 70.18 | 75.66 | 76.70 | 82.66 | 96.39 |
| Interest | 141 | 338 | 286 | 321 | 436 | 575 | 590 |
| Profit before tax | 4,491 | 2,072 | 1,527 | 2,739 | 1,675 | 1,378 | 3,466 |
| Tax | 743 | 495 | 276 | 428 | 340 | 325 | 1,202 |
| Net profit | 3,494 | 1,838 | 1,205 | 2,307 | 1,516 | 1,070 | 1,492 |
| Net profit margin | +87.7% | +41.0% | +37.2% | +58.0% | +37.4% | +27.2% | +63.0% |
| EPS (₹) | 15.14 | 6.37 | 5.05 | 9.34 | 5.39 | 4.26 | 9.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 495 | 495 | 495 | 495 | 495 | 495 | 495 |
| Reserves & surplus | 31,093 | 28,834 | 28,570 | 28,309 | 26,735 | 25,894 | 26,310 |
| Shareholders' funds (net worth) | 31,588 | 29,329 | 29,065 | 28,804 | 27,230 | 26,389 | 26,805 |
| Secured loans | 0.00 | 3,210 | 3,319 | 2,932 | 3,654 | 5,192 | 6,123 |
| Unsecured loans | 45.59 | 51.48 | 38.56 | 183 | 108 | 239 | 0.00 |
| Total debt | 45.59 | 3,262 | 3,358 | 3,116 | 3,762 | 5,431 | 6,123 |
| Total liabilities | 32,652 | 33,596 | 33,371 | 32,888 | 31,950 | 32,812 | 34,052 |
| Assets | |||||||
| Gross block | 1,887 | 1,529 | 1,874 | 2,127 | 2,090 | 1,967 | 2,075 |
| Net block | 1,293 | 983 | 1,287 | 1,591 | 1,604 | 1,532 | 1,663 |
| Capital work in progress | 2.32 | 8.95 | 2.60 | 0.00 | 0.00 | 0.70 | 0.00 |
| Investments | 18,890 | 19,498 | 19,484 | 19,896 | 19,996 | 19,721 | 14,758 |
| Inventories | 12,344 | 11,025 | 10,329 | 9,791 | 10,671 | 11,673 | 10,688 |
| Sundry debtors | 1,353 | 214 | 84.19 | 49.21 | 41.56 | 104 | 146 |
| Cash & bank balances | 5,688 | 2,517 | 1,492 | 684 | 249 | 706 | 1,715 |
| Loans & advances | 3,532 | 6,817 | 2,895 | 2,315 | 1,435 | 1,965 | 8,638 |
| Total current assets | 22,918 | 20,573 | 14,800 | 12,839 | 12,397 | 14,448 | 21,187 |
| Total current liabilities | 17,120 | 10,094 | 4,980 | 4,394 | 5,365 | 6,734 | 8,112 |
| Net working capital | 5,798 | 10,479 | 9,820 | 8,445 | 7,032 | 7,714 | 13,075 |
| Total assets | 32,652 | 33,596 | 33,371 | 32,888 | 31,950 | 32,812 | 34,052 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 194 | 287 | 46.49 | 137 | 619 | 1,335 | 3,543 |
| Net cash from operating activities | 6,073 | 4,688 | 1,090 | 1,593 | 1,855 | 885 | 20.36 |
| Net cash from investing activities | 410 | (3,075) | 180 | 31.35 | 210 | (256) | (4,849) |
| Net cash from financing activities | (4,894) | (1,705) | (1,029) | (1,715) | (2,547) | (1,345) | 2,617 |
| Net change in cash | 1,590 | (92.73) | 240 | (90.91) | (482) | (716) | (2,212) |
| Closing cash | 5,688 | 2,517 | 1,492 | 684 | 249 | 706 | 1,715 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -11.1% | +38.2% | -18.5% | -1.8% | +3.2% | +65.8% | - |
| EBITDA growth | +78.5% | -8.6% | -46.0% | +22.5% | +6.7% | +379.3% | - |
| PBT growth | +116.7% | +35.7% | -44.3% | +63.5% | +21.6% | -60.2% | +352.7% |
| Net income growth | +90.0% | +52.6% | -47.8% | +52.2% | +41.7% | -28.3% | - |
| Revenue CAGR (3Y) | +0.0% | +3.4% | -6.2% | +18.9% | +7.2% | +8.7% | -13.8% |
| EBITDA CAGR (3Y) | -4.1% | -15.4% | -11.0% | +84.4% | +9.2% | +15.9% | -41.1% |
| Profitability & leverage | |||||||
| Net income margin | +94.1% | +35.2% | +38.6% | +58.1% | +32.9% | +26.8% | +95.5% |
| Return on capital employed | +14.0% | +8.1% | +5.5% | +9.4% | +7.0% | +5.6% | +8.6% |
| Return on net worth | +12.3% | +6.3% | +4.3% | +8.2% | +5.5% | +3.8% | +5.5% |
| Debt / equity | 0.05 | 0.11 | 0.11 | 0.12 | 0.17 | 0.22 | 0.21 |
| Long-term debt / equity | 0.02 | 0.05 | 0.05 | 0.06 | 0.08 | 0.08 | 0.09 |
| Interest cover | 8.57 | 38.21 | 29.21 | 17.18 | 28.90 | 40.99 | 276.63 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.33 | 2.63 | 1.62 | 1.89 | 2.00 | 1.94 | 1.21 |
| Inventory turnover | 0.34 | 0.42 | 0.32 | 0.39 | 0.36 | 0.35 | 0.22 |
| Debtors turnover | 5.08 | 30.07 | 48.61 | 87.68 | 55.80 | 31.45 | 14.96 |
| EPS (₹) | 15.14 | 6.37 | 5.05 | 9.34 | 5.39 | 4.26 | 9.15 |
| Dividend per share (₹) | 8.00 | 6.00 | 5.00 | 4.00 | 3.00 | 2.00 | 2.00 |
| Book value per share (₹) | 127.61 | 118.49 | 117.42 | 116.36 | 110.00 | 106.61 | 108.29 |
To see the full year-wise statements and ratios of DLF Limited, buy the company report.
Board of directors and KMP of DLF Limited
DLF Limited currently reports 16 directors and 1 key managerial person. 23 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Umesh Kumar Chaudhary | Director | 04 Aug 2023 | 3 Years 2 Months | Current |
| Ashok Kumar Tyagi Also directs: GHL Hospital Limited, Westpark Developers Private Limited, DLF Cyber City Developers Limited and 1 more | Managing Director | 27 Dec 2017 | 8 Years 9 Months | Current |
| Ram Parkash Punjani | Company Secretary | 01 Oct 2020 | 6 Years 0 Months | Current |
| Sandeep Datta | Deputy Nodal Officer | 23 Dec 2022 | 3 Years 10 Months | Current |
| Rajiv Singh Also directs: Trinity Housing and Construction Company, Ags Buildtech Private Limited, A.S.G. Realcon Private Limited and 5 more | Whole-Time Director | 16 Nov 1988 | 37 Years 11 Months | Current |
| Pia Singh Also directs: Beverly Builders LLP, Excel Housing Construction LLP, Mallika Housing Company LLP and 5 more | Director | 18 Feb 2003 | 23 Years 8 Months | Current |
Showing 6 of 17 current directors and KMP. View all directors and KMP
Auditor
DLF Limited is audited by S.R. Batliboi& CO. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi& CO. LLP | FY 2024 | 301003E/E300005 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 74.10%, foreign institutional investors hold 12.30%, domestic institutional investors hold 8.10% and retail and other public shareholders hold 5.60%.
Sep 2026
QUARTER
74.10% Promoters
8.10% DII (Domestic Institutional)
12.30% FII (Foreign Institutional)
5.60% Retail & Others
Promoter holding - history
Now 74.10% · Sep 2026High 74.10% · Dec 2025Low 74.10% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 74.10% | 74.10% | 74.10% | 74.10% |
| Public | 25.90% | 25.90% | 25.90% | 25.90% |
Charges & borrowings
Open charges
₹2,838.19 Cr
Satisfied charges
₹52,450 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 May 2025 | 101091000 | Others | ₹200 Cr | Open | |
| 23 Sep 2024 | 100989421 | Others | ₹500 Cr | Open | |
| 16 Aug 2023 | 100767123 | Others | ₹260 Cr | Open | |
| 06 Jul 2023 | 100745730 | Axis Bank Limited | ₹500 Cr | Open | |
| 26 Dec 2017 | 100155962 | Others | ₹800 Cr | Open |
To see the full charge records of DLF Limited, buy the company report.
Total charge records: 169 View all charges
Legal cases
DLF Limited has 554 court cases on record: 218 filed by DLF, 338 filed against it. 150 cases are pending and 404 are disposed.
Total cases
554
Filed by the company
218
Filed against the company
338
Pending
150
Disposed
404
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 253 | 168 | 90 |
| Supreme Court | 151 | 111 | 29 |
| High courts | 141 | 52 | 31 |
| NCLT | 6 | 4 | 0 |
| NCLAT | 3 | 3 | 0 |
Cases on record (5 of 554)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1301-Consumer Disputes and RERA : Appeals under Section 23 of Consumer Protection Act, 1986 and/or under Section 67 of Consumer Protection Act, 2019) | Filed against the company by Capital Greens Apartments Owners Association and 1 other | Pending |
| Supreme Court | Court case (1301-Consumer Disputes and RERA : Appeals under Section 23 of Consumer Protection Act, 1986 and/or under Section 67 of Consumer Protection Act, 2019) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (1301-Consumer Disputes and RERA : Appeals under Section 23 of Consumer Protection Act, 1986 and/or under Section 67 of Consumer Protection Act, 2019) | Filed by the company against individuals | Pending |
| District court, Hyderabad Central, Telangana | Court case (COP) | Filed against the company by M/S DLF Home Developers Ltd | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Saurashtra Chemicals Ltd. and 1 other | Pending |
To see the full case history of DLF Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
DLF Limited was last rated by Icra on 29 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Nov 2021 |
To see the full credit ratings and regulatory alerts of DLF Limited, buy the company report.
MSME payment delays
DLF Limited has 120 MSME Form 1 returns on record between 2009 and 2024, listing 5,945 overdue payments to 583 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 583)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Trilok Chand and Sons Pvt Ltd | |||
| KJS Concrete Private Limited | |||
| Nimco Precast Private Limited | |||
| Dynasty Modular Furnitures Private Limited | |||
| Appreciate Arc |
To see the full MSME payment records of DLF Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
DLF has 98 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
98
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| DLF Info City Developers (Chandigarh) Limited | U00000CH2003PLC026562 | |
| Domus Real Estate Private Limited | U00082DL2005PTC140528 | |
| DLF Utilities Limited | U01300HR1989PLC030646 | |
| Niobe Builders & Developers Private Limited | U45200HR2006PTC082729 | |
| Hurley Builders & Developers Private Limited | U45200HR2006PTC100734 | |
| Muriel Builders & Developers Private Limited | U45200HR2006PTC100736 |
To see the full group structure of DLF Limited, buy the company report.
Employees & EPFO
DLF Limited has a workforce of 1,965 employees on its EPFO records as of Dec 28, 2024, across 1 active EPFO establishment.
Employee count
1,965
Active EPFO establishments
1
Employee growth
8.8%
GST
DLF has 16 GST registrations: 11 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
16
Active
11
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACD3494N1ZC | Haryana | Active | 01 Jul 2017 |
| 06AAACD3494N2ZB | Haryana | Active | 14 Jul 2017 |
| 06AAACD3494N3ZA | Haryana | Active | 14 Jul 2017 |
| 03AAACD3494N1ZI | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of DLF Limited, buy the company report.
Recent activity
DLF Limited has 38 board changes on record since 1988: 17 appointments and 21 cessations. The latest: Vinati Kastia Kilambi was appointed as Director on 19 May 2025.
Charges
A charge registered on 29 Aug 2005 via Charge ID 80044607 with State Bank Of India was fully satisfied on 10 Aug 2026.
AGM
Dlf Limited last Annual general meeting of members was held on 03 Aug 2026 as per latest MCA records.
Charges
A charge registered on 04 Apr 2018 via Charge ID 100171652 with Others was fully satisfied on 09 Jul 2026.
Charges
A charge with Others of Rs. 200.00 Cr registered on 06 May 2025 with Charge ID 101091000 was modified on 06 Jul 2026.
Charges
A charge with Others of Rs. 260.00 Cr registered on 16 Aug 2023 with Charge ID 100767123 was modified on 06 Jul 2026.
Charges
A charge with Others of Rs. 400.00 Cr registered on 30 Jul 1999 with Charge ID 80026419 was modified on 06 Jul 2026.
Charges
A charge with Axis Bank Limited of Rs. 500.00 Cr registered on 06 Jul 2023 with Charge ID 100745730 was modified on 01 Jul 2026.
Charges
A charge registered on 16 Mar 2023 via Charge ID 100694359 with Others was fully satisfied on 07 Apr 2026.
Filing
Dlf Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Haryana.
Charges
A charge registered on 04 Aug 2017 via Charge ID 100119466 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 18 Dec 2025.
Charges
A charge registered on 26 Dec 2018 via Charge ID 100229134 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 01 Dec 2025.
Charges
A charge registered on 18 Aug 2020 via Charge ID 100364626 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 24 Nov 2025.
411 earlier events are in the company report.
News
DLF: CLSA on DLF Maintains Outperform, Target Price ₹810; Q2FY27 presales reached ₹38bn, supported by the soldout Aureva seniorliving launch; stronger collections improved operating cash flow. Upcoming H2 launches support the ₹200bn FY27 presales target, while annuity portfolio expansion and project completions could make FY28 an inflection year for revenue recognition.
DLF: Jefferies on DLF Maintains Buy, Target Price ₹830; renewed launches and luxury demand should help meet FY27 presales guidance despite a weak H1; leasing occupancy remains above 95%, and net cash at the development business stands at ₹61 per share. FY27 reported earnings may remain uneven.
DLF: JPMorgan on DLF Maintains Overweight, Target Price ₹800; Q2 presales rebounded to ₹38bn, up 478% QoQ but down 12% YoY, led by the soldout Aureva launch and superluxury sales; collections rose 4% YoY to ₹27.8bn and net operating cash flow increased 37% to ₹18.6bn. Developer net cash remained broadly stable at ₹151bn after dividends.
DLF: Nomura on DLF Maintains Buy, Target Price ₹740; Q2 presales of ₹38bn beat its ₹25bn estimate, keeping the company on track for ₹200bn FY27 presales; revenue and EBITDA were below consensus, with stronger revenue recognition expected from Q2FY28. Robust annual free cash flow, expanding annuity income and execution in luxury projects support the positive view.
Super-Luxury Housing Faces Inventory Glut As Unsold Homes Rise 65% Across Top Eight Cities
DLF: Q2 REVENUE 12.6B RUPEES VS 16.43B (YOY)
From our blog
Frequently asked questions
DLF is an active public limited company based in Gurgaon, Haryana, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 04 July 1963 (63+ years old) and is registered under CIN L70101HR1963PLC002484. Listed on BSE: 532868 and NSE: DLF.
DLF reported revenue of ₹8,194.02 Cr for FY 2025-26 (up 2.5% YoY) based on consolidated financials.
DLF has 17 current directors and KMP:
- Ashok Kumar Tyagi - Managing Director
- Devinder Singh - Managing Director
- Rajiv Singh - Whole-Time Director
- Umesh Kumar Chaudhary - Director
- Pia Singh - Director
- Ajai Singh - Director
- Savitri Devi Singh - Director
- Anushka Singh - Director
- Priya Paul - Director
- Vivek Mehra - Director
- Mahender Singh - Director
- Vinati Kastia Kilambi - Director
- Ram Parkash Punjani - Company Secretary
- Sandeep Datta - Deputy Nodal Officer
- Madhu Kumar Gambhir - Person Incharge
- Badal Bagri - Officer In Default
- Atul Aggarwal - Deputy Nodal Officer
The latest financial statements of DLF on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 03 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of DLF is 06AAACD3494N1ZC, registered in Haryana. The company has 16 GST registrations in all, of which 11 are active and 5 are cancelled or inactive. Other active GSTINs include 06AAACD3494N2ZB (Haryana), 06AAACD3494N3ZA (Haryana), 03AAACD3494N1ZI (Punjab).
The CIN (Corporate Identification Number) of DLF is L70101HR1963PLC002484. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. DLF is a listed company as per MCA records. Its shares are listed on both BSE (code: 532868) and NSE (symbol: DLF).
DLF has 554 court cases on record: 218 filed by the company and 338 filed against it. 150 are pending. Most are in the district courts.
DLF was incorporated on 04 July 1963, making it 63+ years old. It is registered with the Registrar of Companies, Haryana.
Vinati Kastia Kilambi was appointed as Director on 19 May 2025. Badal Bagri was appointed as Officer In Default on 03 Dec 2024. Mahender Singh was appointed as Director on 07 Aug 2024. DLF has 38 board changes on record in total.
DLF has 120 MSME Form 1 returns on record between 2009 and 2024, listing 5,945 overdue payments to 583 micro and small suppliers. The latest return was filed on 01 May 2024.