DLF.NS DLF Limited
INR·Price 622.75·Mkt cap 1.54TComputed from the latest reported financials and the current market price.
Who's the real player?
A genuine play on this theme — most of its business sits right here.
Is the business healthy?
A mixed picture — real strengths, but soft spots in cash flow, returns or debt.
- Strong cash flow quality
- High FCF conversion
- Low accrual ratio
- Positive operating cash flow
Are the smart people buying?
No ownership-change data for this stock. The score reflects heavy growth investment (capex) and buybacks, not visible insider buying.
- High promoter/insider ownership
- Significant insider net buys
- Strong capex growth
- Moderate institutional ownership
What is management saying?
No earnings-call transcript or filings found for this stock.
Is the price right?
Intrinsic value 585.77 vs price 622.75 — screens fair on a cash-flow DCF (-5.9% to intrinsic). The base FCF growth assumption of 15% appears high and may not be sustainable without further evidence.
| Intrinsic / share | 585.77 |
| Price | 622.75 |
| Upside to intrinsic | -5.9% |
| Reverse-DCF implied g | 15.8% |
Base FCF 45.94B · growth 15.0% · discount 12.0% · terminal 5.0%.
Sensitivity — intrinsic value / share
Each cell is the intrinsic value at that growth (across →) and discount rate (down ↓). Center ★ is the base case. Cells green = above price (cheap), red = below (expensive).
| Growth rate → | |||||
|---|---|---|---|---|---|
| Disc ↓ ╲ g | 11% | 13% | 15% | 17% | 19% |
| 10% | 629.68 | 733.8 | 854.7 | 994.82 | 1156.92 |
| 11% | 518.28 | 601.19 | 697.29 | 808.46 | 936.86 |
| 12% | 439.13 | 507.12 | ★ 585.77 | 676.58 | 781.3 |
| 13% | 380.12 | 437.09 | 502.86 | 578.67 | 665.94 |
| 14% | 334.5 | 383.05 | 438.98 | 503.34 | 577.3 |
Through the masters' eyes
Each investor's numeric rules, checked against this stock's metrics: exact math, no guesswork. Tap one to see which rules pass, fail, and what to judge yourself.
▶
Passes 2 of 2 of Peter Lynch's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 0.01
- Solid liquidity (current ratio ≥ 1.5) — now 1.54
- A simple business you understand
- Which 'type' it is (fast grower, stalwart, cyclical…)
- A believable growth story
Couldn't check from available data: PEG ≤ 1 (growth cheap vs price) — not available; Earnings growth ≥ 15% — not available
▶
Passes 3 of 4 of Radhakishan Damani's numeric checks. Still judge the non-numeric criteria below for yourself.
- Very low debt (D/E ≤ 0.5) — now 0.01
- Consistent revenue (consistency ≥ 80%) — now 89.3%
- Positive net margin — now 53.9%
- High returns on capital (ROCE ≥ 18%) — now 2.7%
- A durable consumer franchise
- Pricing power
- A long runway, bought patiently
▶
Passes 2 of 3 of Rakesh Jhunjhunwala's numeric checks. Still judge the non-numeric criteria below for yourself.
- Net margin ≥ 10% — now 53.9%
- Conservative leverage (D/E ≤ 1.0) — now 0.01
- ROE ≥ 18% — now 9.7%
- A large, scalable opportunity
- Trustworthy, ambitious management
- Conviction to hold through volatility
Couldn't check from available data: Earnings growth ≥ 15% — not available
▶
Passes 3 of 5 of Warren Buffett's numeric checks. Still judge the non-numeric criteria below for yourself.
- Net margin ≥ 10% — now 53.9%
- Positive free cash flow — now 75.9%
- Conservative leverage (D/E ≤ 1.0) — now 0.01
- ROE ≥ 15% — now 9.7%
- Trades below intrinsic value (margin of safety ≥ 0) — now -6.3%
- A business you can understand
- A durable competitive moat
- Honest, capable management
▶
Passes 3 of 6 of Benjamin Graham's numeric checks. Still judge the non-numeric criteria below for yourself.
- Strong liquidity (current ratio ≥ 1.5) — now 1.54
- Debt below equity (D/E ≤ 1.0) — now 0.01
- Financially safe (Altman Z ≥ 3) — now 4.8
- P/E ≤ 15 — now 34.81
- P/B ≤ 1.5 — now 3.38
- Graham number: P/E × P/B ≤ 22.5 — now 117.7
- A long record of stable earnings
- An uninterrupted dividend history
▶
Passes 1 of 2 of Raamdeo Agrawal's numeric checks. Still judge the non-numeric criteria below for yourself.
- Longevity: revenue consistency ≥ 70% — now 89.3%
- Quality: ROCE ≥ 18% — now 2.7%
- Durability of the growth (longevity)
- Quality and honesty of management
Couldn't check from available data: Growth: earnings CAGR ≥ 15% — not available; Price: PEG ≤ 2 — not available
▶
Passes 1 of 2 of Vijay Kedia's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 0.01
- ROE ≥ 15% — now 9.7%
- Ambitious, capable management
- A small company with a large opportunity
- Patience to hold for years
Couldn't check from available data: Strong earnings growth ≥ 20% — not available
▶
Passes 1 of 4 of Charlie Munger's numeric checks. Still judge the non-numeric criteria below for yourself.
- Conservative leverage (D/E ≤ 1.0) — now 0.01
- High returns on capital (ROCE ≥ 15%) — now 2.7%
- ROE ≥ 15% — now 9.7%
- Trades below intrinsic value (margin of safety ≥ 0) — now -6.3%
- A high-quality, understandable business
- A durable moat
- Management of integrity
Financial statements (INR)
↗ sourceCash-flow lines highlighted — we trust cash over reported profit.
| Line | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 81.94B | 79.94B | 62.49B | 56.82B | — |
| Operating income | 13.06B | 19.58B | 18.33B | 16.54B | — |
| EBITDA | 32.73B | 28.08B | 26.29B | 20.15B | — |
| Net income | 44.15B | 43.68B | 27.27B | 20.36B | — |
| Operating cash flow | 63.47B | 52.35B | 25.39B | 23.75B | — |
| Capex | -1.29B | -960.20M | -1.16B | -637.43M | — |
| Free cash flow | 62.18B | 51.39B | 24.23B | 23.12B | — |
| Total assets | 748.75B | 694.75B | 602.62B | 539.28B | — |
| Total equity | 454.73B | 425.50B | 394.31B | 376.88B | — |
| Total debt | 3.06B | 41.03B | 48.34B | 33.34B | — |
| Cash & equivalents | 22.73B | 3.14B | 7.68B | 1.66B | — |