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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
DLF Limited is an India-based company, which is primarily engaged in the business of colonization and real estate development. The operations of the Company include all aspects of real estate development, from the identification and acquisition of land, to planning,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, reasonably priced — but flagged on governance.
DLF is scored on the general / industrial framework. It keeps a fat 26.7% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.42× reported profit. Free cash flow is worth about 3.8% of its market value.
Over the last 3 years revenue compounded at 18%/yr and profit at 34%/yr. Book value has grown 7%/yr. Return on equity is a modest 10.0%. In the latest quarter profit grew 160% versus the prior quarter.
At 42× earnings, the stock sits at the 33rd percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~19%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: 55% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 40.69 | 38.94 | worse |
| P/B | 4.08 | 5.98 | better |
| EV/EBITDA | 59.69 | 92.63 | better |
| ROE | 10.02 | 6.34 | better |
| ROCE | 6.12 | 4.03 | better |
| ROA | 3.31 | 1.26 | better |
| Quick Ratio | 0.57 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Macrotech Developers | 27.3 | 4.8 | 17.2% |
| The Phoenix Mills | 45.8 | 8.4 | 14.3% |
| Prestige Estate | 65.9 | 4.2 | 5.6% |
Revenue has grown every year across all 4 financial years shown. 18% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Profit is on a 2-year growth streak. Profit is growing faster than revenue (34% vs 18%) — margin expansion is at work.
Operating margin has expanded from 25% to 30% — the business is keeping more of each rupee earned. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line.
ROE at 6% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. Profit grew faster than EPS (34% vs 29%) — share dilution is eroding per-share value. 29% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.4× PAT — earnings are well-backed by cash; strong accrual quality. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 43% sequentially — momentum is building. Wide quarterly swings (35% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate fading — recent quarters 15% below earlier ones.
Profit jumped 160% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (29% → 35%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 74.1% — heavily owner-operated with strong skin in the game. FIIs trimmed 3.4pp — foreign money is rotating out. MF holding up 2.8pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.