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DLF Ltd Stock Analysis

Large Cap
Evaluated by 5777 users | BSE: 532868 | NSE: DLF |
Construction - Real Estate

DLF Limited started with the creation of 22 urban colonies in Delhi. In 1985, the company expanded into the then-unknown region of Gurugram, creating exceptional living and working spaces for the new Indian global professionals. Today, DLF is the largest...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
DLF Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 7.35%6.51%5.42%6.53%6.64%8.24%6.31%4.33%4.31%6.31%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,9163,4912,1502,3863,0173,6223,7043,0563,2952,370
Y-o-Y Gr. Rt.-19.7%-38.4%11%26.5%20.1%2.3%-17.5%7.8%-28.1%
Adjusted EPS (Rs.) 6.464.962.664.615.636.753.512.413.176.03
Y-o-Y Gr. Rt.--23.2%-46.4%73.3%22.1%19.9%-48%-31.3%31.5%90.2%
Book Value per Share (Rs.) 80.4784.4785.0492.8296.1578.9882.33127.08101.17108.29
Adjusted Net Profit 1,0978434528211,0041,2056274306991,492
Net Op. Cash Flow (Rs. Cr.) 1,497419-741,082-36.4849-69630.9655-11.8
Debt to Cash Flow from Ops 10.0638.06-212.6712.85-331.5611.04-13.05184.746.62-520.41
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
DLF Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -2.3%-4.7%-13.8%-28.1%
Adjusted EPS -0.8%1.4%19.8%90.2%
Book Value per Share 3.42.49.67
Share Price 3.4% 15% 6.7% 80.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 8.235.963.115.255.937.694.352.253.015.98
Operating Profit Margin (%) 59.360.9764.8653.6454.8141.6840.5333.6437.2621.67
Net Profit Margin (%) 37.624.1421.0234.4133.2633.2616.9214.0721.2362.95
Debt to Equity 1.11.111.090.840.70.670.620.250.190.23
Working Capital Days 2,6532,5164,2113,9223,0012,1101,6171,8251,9203,085
Cash Conversion Cycle 8747301,1151,0407748269411,1261,1041,626
Corporate Governance What do we look at?
Based on our evaluation, we find that the Management Quality of this company is Below Average with respect to its interest toward minority shareholders.
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Based on our evaluation, we find that the Management Quality of this company is Below Average with respect to its interest toward minority shareholders.
Entity Percentage Holding
Promoters 74.95%
Institutions 19.60%
Non-Institutions 5.45%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of DLF Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that DLF Ltd is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of DLF Ltd's performance infers:

DLF Ltd earnings have grown by 1.4%, whereas share price has appreciated 15% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of DLF Ltd share prices over the last 10 years. Here is what we found out:

DLF Ltd share price has appreciated 0.9% annually over the past ten years.

DLF Limited started with the creation of 22 urban colonies in Delhi. In 1985, the company expanded into the then-unknown region of Gurugram, creating exceptional living and working spaces for the new Indian global professionals. Today, DLF is the largest publicly listed real estate company in India. The company is a public limited company domiciled in India and is incorporated under the provisions of the Companies Act applicable in India. Its shares are listed

DLF Limited started with the creation of 22 urban colonies in Delhi. In 1985, the company expanded into the then-unknown region of Gurugram, creating exceptional living and working spaces for the new Indian global professionals. Today, DLF is the largest publicly listed real estate company in India. The company is a public limited company domiciled in India and is incorporated under the provisions of the Companies Act applicable in India. Its shares are listed on two recognised stock exchanges in India.

Business area of the company

The company is engaged primarily in the business of colonisation and real estate development. The operations of the Company span all aspects of real estate development, from the identification and acquisition of land, to planning, execution, construction and marketing of projects. The Company is also engaged in the business of leasing, maintenance services and recreational activities which are related to the overall development of real estate business.

Products and services

  • Homes: From master planned neighborhoods to exceptional high rises, DLF uses a customer-centric approach to develop residences of the highest standard which stand the test of time.
  • Offices: Offices portfolio is an integrated mix of office spaces with F&B and leisure amenities.
  • Retail: From curated luxury malls to premium retail destinations, DLF has transformed the way people interact, connect, and experience the retail landscape.
  • Hospitality: DLF has been delivering world class hospitality for more than two decades.

Awards

2013-14:

  • Global CSR Excellence & Leadership Award 2014 to DLF Foundation for Community Development by ABP News.
  • Global Sustainability Leadership Award bestowed to DLF Foundation for Best Community Action by World CSR Congress.

2014-15:

  • ‘Global Sustainability Leadership Award’ has been conferred to DLF Foundation for community development by ABP News.
  • ‘Global Sustainability Leadership Award’ bestowed to DLF Foundation for Best Community Action by World CSR Congress.

2015-16:

  • The ASSOCHAM Gold Award for Skill Development Programme
  • Asia Responsible Entrepreneurship Awards
  • Giving Back - Excellence in CSR Award
  • Golden Peacock CSR Award

2016-17:

  • CSR Excellence Award 
  • National CSR Leadership Award in Animal Welfare

2017-18:

  • Award of Excellence
  • Best Golf Academy 
  • Best Academy Facilities

2018-19:

  • Developer of the year- Luxury
  • Developer of the year- Residential 

2019-20:

  • Best Gated Community of the year
  • Developer of the year - National
  • Developer of the year - Luxury
  • Developer of the year - Residential

Milestones

  • 2010: DLF launches Panchkula Valley project
  • 2010: DLF Panchkula Valley project sold out
  • 2011: DLF Sells DLF Ackruti Info Parks Pune for Rs.810 crore
  • 2011: DLF launches second phase of Garden City, DLF New Indore
  • 2012: DLF Files 5 Patents For Inventions
  • 2012: DLF- HUDA unveil 16 lane signal free road network
  • 2012: DLF Sets up India First Private Fire Station
  • 2013: DLF awards Rs 1450 crore contract to Leighton for its project
  • 2014: DLF attains a five star grading in the British Safety Councils Occupational Health and Safety Audit
  • 2014: DLF becomes first development firm in the country to achieve internationally recognised ISO quality certification
  • 2015: DLF Malls become first in the country to achieve Five Star Rating in the British Safety Councils Occupational Health & Safety Audit
  • 2015: DLF contributes to governments efforts to support farmers
  • 2017: DLF Limited and GIC enter into DLF Cybercity Developers Limited (DCCDL) Joint Venture
  • 2019: DLF gets ‘Sword of Honour’ certificates from British Safety Council
  • 2020: DLF invests Rs 5,000 crore to develop large commercial project in Chennai
  • 2020: DLF unveils Club Ultima at new Gurugram
  • 2020: DLF inks anchor deal with Standard Chartered GBS
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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