Realty · NSE: DLF
Intrynsic's multi-model valuation estimates DLF Limited's fair value at ₹302 per share (range ₹302–₹302) against a market price of ₹653 - a gap of -53.8% (updated 29 September 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹653
close of 29 Sept 2026
Est. fair value
₹302
₹302–₹302
Gap
-53.8%
price vs estimate
Trading ~54% above our estimated fair-value range. Assumptions and per-model workings are below.
DLF is India's largest listed real estate developer, building homes in Gurugram and other cities and earning rent from a large office and mall portfolio. Housing launches and rental income drive its results.
Realty · Realty
Over the last 3 years, revenue grew 12.9%/yr and profit grew 29.5%/yr.
Every ₹100 of shareholder money earned ₹9.7 in profit last year, vs a sector median of 5.3%.
It holds more cash than debt.
The market price is above our estimated fair-value range (based on stated assumptions).
About ₹118 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.
Intrynsic values DLF Limited with 1 independent model and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| NAVAsset Value Method | ₹302 | -54% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 37.8% a year for the next decade - versus 9.4% historical revenue growth.
| Revenue | ₹8,194 Cr | |
| Net profit | ₹4,415 Cr | |
| EPS | ₹17.83 | |
| Free cash flow | ₹6,218 Cr | |
| ROE (latest) | 9.7% | |
| Revenue growth (CAGR) | -0.0% | |
| Profit growth (CAGR) | 25.7% |
Intrynsic's multi-model valuation estimates DLF Limited's fair value at ₹302 per share (range ₹302–₹302), last updated 29 September 2026. This is an estimate based on stated assumptions, not investment advice.
DLF Limited trades at ₹653 against Intrynsic's estimated fair value of ₹302 - the market price is 54% above the estimate, i.e. above our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
DLF Limited trades at about 36.6 times its latest annual earnings per share.
DLF is India's largest listed real estate developer, building homes in Gurugram and other cities and earning rent from a large office and mall portfolio. Housing launches and rental income drive its results.
DLF Limited operates in the Realty sector (Realty industry) and is listed on the NSE as DLF.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy