Are you considering making a stock market investment but unsure about which business to choose? You need look no further than DLF LTD, one of India’s top real estate developers. DLF LTD is a promising real estate company to invest in since it has a track record of success and has been able to sustain stable growth over the years.
The stock had been consolidating for a long time and technically the chart is reversing and is in an uptrend.
This article will examine the share price objective for DLF LTD from 2024 to 2030 and assess whether it is a wise investment. For investors wishing to make wise investment decisions, we will offer insightful analysis of the company’s financial performance and market trends.
So, let’s get started and see if DLF LTD is a stock that merits attention.
DLF Ltd Q4 FY24 Results Highlights
- DLF reported a robust 61.5% increase in net profit for Q4 FY24, reaching Rs 921 crore compared to Rs 570 crore in Q4 FY23.
- Annual net profit for the fiscal year 2023-24 surged by 33% to Rs 2,733 crore.
- Quarterly revenue soared by 47% year-on-year (YoY) to Rs 2,135 crore in Q4 FY24, up from Rs 1,456 crore in Q4 FY23.
- Annual consolidated revenue stood at Rs 6,958 crore for the entire financial year.
- EBITDA for Q4 FY24 jumped nearly 90% to Rs 754.4 crore, with an improved margin of 35.3% compared to 27.4% in Q4 FY23. Annual EBITDA totaled Rs 2,655 crore.
- The board recommended a dividend of Rs 5 per equity share (250%), subject to shareholder approval.
- DLF achieved sales bookings of Rs 14,778 crore during the year and plans to launch over 11 million sq ft of new projects in FY25 across multiple markets, with an estimated sales potential of Rs 36,000 crore.
- Successful sales included 795 apartments in ‘DLF Privana West’ for Rs 5,590 crore and 1,113 luxury apartments in ‘DLF Privana South’ for Rs 7,200 crore, both within three days of launch.
- DLF Cyber City Developers Limited (DCCDL) saw FY24 consolidated revenue grow 9% YoY to Rs 5,903 crore, with profit at Rs 1,690 crore and cash flow from operations reaching Rs 2,726 crore.
- The company maintained strong occupancy levels of 97% across its non-SEZ portfolio, with positive expectations for recovery in the SEZ segment.
- New office developments in Gurugram and Chennai included 2.3 million sq ft completed at DLF Downtown, Chennai.
- Management changes included Ashok Kumar Tyagi appointed as Chief Financial Officer (CFO) alongside his role as Managing Director.
Below are the trading platforms that you can use to purchase DLF Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| June 2024 | 873.00 | 759.13 |
| July 2024 | 864.27 | 751.54 |
| August 2024 | 898.84 | 781.60 |
| September 2024 | 934.80 | 812.87 |
| October 2024 | 916.47 | 796.93 |
| November 2024 | 953.13 | 828.81 |
| December 2024 | 962.66 | 837.10 |
In 2024, DLF Limited’s share prices are anticipated to fluctuate monthly. In June, the maximum price is expected to reach ₹873.00, with a minimum of ₹759.13. July is projected to see a maximum of ₹864.27 and a minimum of ₹751.54. By August, prices are likely to rise to a maximum of ₹898.84 and a minimum of ₹781.60. September could see further increases with a maximum of ₹934.80 and a minimum of ₹812.87. October’s prices are projected to peak at ₹916.47 with a minimum of ₹796.93. In November, prices are expected to reach a maximum of ₹953.13 and a minimum of ₹828.81. Finally, in December 2024, DLF Limited’s share prices are forecasted to peak at ₹962.66 with a minimum of ₹837.10.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,061.23 | 816.33 |
| February 2025 | 1,088.44 | 837.26 |
| March 2025 | 1,130.89 | 869.91 |
| April 2025 | 1,108.71 | 852.86 |
| May 2025 | 1,076.42 | 828.02 |
| June 2025 | 1,124.86 | 865.28 |
| July 2025 | 1,102.80 | 848.31 |
| August 2025 | 1,136.91 | 874.55 |
| September 2025 | 1,176.70 | 905.16 |
| October 2025 | 1,207.30 | 928.69 |
| November 2025 | 1,237.48 | 951.91 |
| December 2025 | 1,268.42 | 975.70 |
In 2025, DLF Limited’s share prices are expected to show a varying trend across the months. Starting with January, where the maximum price is projected to be ₹1,061.23 and the minimum ₹816.33, the prices are forecasted to gradually increase and fluctuate throughout the year. By December, DLF Limited’s shares are anticipated to reach a peak with a maximum price of ₹1,268.42 and a minimum of ₹975.70.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,306.47 | 1,004.98 |
| February 2026 | 1,339.97 | 1,030.74 |
| March 2026 | 1,392.23 | 1,070.94 |
| April 2026 | 1,364.93 | 1,049.94 |
| May 2026 | 1,325.17 | 1,019.36 |
| June 2026 | 1,384.81 | 1,065.24 |
| July 2026 | 1,357.65 | 1,044.35 |
| August 2026 | 1,399.64 | 1,076.65 |
| September 2026 | 1,448.63 | 1,114.33 |
| October 2026 | 1,486.29 | 1,143.30 |
| November 2026 | 1,523.45 | 1,171.89 |
| December 2026 | 1,561.54 | 1,201.18 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,592.77 | 1,225.21 |
| February 2027 | 1,633.61 | 1,256.62 |
| March 2027 | 1,697.32 | 1,305.63 |
| April 2027 | 1,664.04 | 1,280.03 |
| May 2027 | 1,615.57 | 1,242.75 |
| June 2027 | 1,688.27 | 1,298.67 |
| July 2027 | 1,655.17 | 1,273.21 |
| August 2027 | 1,706.36 | 1,312.58 |
| September 2027 | 1,766.08 | 1,358.52 |
| October 2027 | 1,812.00 | 1,393.85 |
| November 2027 | 1,857.30 | 1,428.69 |
| December 2027 | 1,903.73 | 1,464.41 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,941.81 | 1,493.70 |
| February 2028 | 1,991.60 | 1,532.00 |
| March 2028 | 2,069.27 | 1,591.75 |
| April 2028 | 2,028.70 | 1,560.53 |
| May 2028 | 1,969.61 | 1,515.08 |
| June 2028 | 2,058.24 | 1,583.26 |
| July 2028 | 2,017.88 | 1,552.22 |
| August 2028 | 2,080.29 | 1,600.22 |
| September 2028 | 2,153.10 | 1,656.23 |
| October 2028 | 2,209.08 | 1,699.29 |
| November 2028 | 2,264.31 | 1,741.78 |
| December 2028 | 2,320.92 | 1,785.32 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,367.33 | 1,821.03 |
| February 2029 | 2,428.04 | 1,867.72 |
| March 2029 | 2,522.73 | 1,940.56 |
| April 2029 | 2,473.26 | 1,902.51 |
| May 2029 | 2,401.23 | 1,847.10 |
| June 2029 | 2,509.28 | 1,930.22 |
| July 2029 | 2,460.08 | 1,892.37 |
| August 2029 | 2,536.17 | 1,950.90 |
| September 2029 | 2,624.93 | 2,019.18 |
| October 2029 | 2,693.18 | 2,071.68 |
| November 2029 | 2,760.51 | 2,123.47 |
| December 2029 | 2,829.52 | 2,176.55 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,886.11 | 2,220.09 |
| February 2030 | 2,960.11 | 2,277.01 |
| March 2030 | 3,075.56 | 2,365.81 |
| April 2030 | 3,015.25 | 2,319.43 |
| May 2030 | 2,927.43 | 2,251.87 |
| June 2030 | 3,059.17 | 2,353.20 |
| July 2030 | 2,999.18 | 2,307.06 |
| August 2030 | 3,091.94 | 2,378.42 |
| September 2030 | 3,200.16 | 2,461.66 |
| October 2030 | 3,283.36 | 2,525.66 |
| November 2030 | 3,365.45 | 2,588.80 |
| December 2030 | 3,449.58 | 2,653.52 |
Financial Condition of DLF Ltd: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 6,083 | 5,414 | 5,717 | 5,695 | 6,427 |
| Expenses + | 4,937 | 3,945 | 3,974 | 3,969 | 4,303 |
| Operating Profit | 1,146 | 1,469 | 1,743 | 1,726 | 2,124 |
| OPM % | 19% | 27% | 30% | 30% | 33% |
| Other Income + | 1,135 | 383 | 195 | 317 | 531 |
| Interest | 1,427 | 853 | 625 | 392 | 356 |
| Depreciation | 200 | 159 | 149 | 149 | 148 |
| Profit before tax | 653 | 840 | 1,165 | 1,502 | 2,151 |
| Tax % | 326% | 43% | 28% | 27% | 24% |
| Net Profit + | -590 | 1,083 | 1,500 | 2,034 | 2,724 |
| EPS in Rs | -2.36 | 4.42 | 6.06 | 8.22 | 11.02 |
| Dividend Payout % | -85% | 45% | 49% | 49% | 45% |
From March 2020 to March 2024, DLF Ltd. demonstrated significant financial resilience and growth across various metrics. Sales increased from Rs 6,083 crore to Rs 6,427 crore, indicating a recovery and upward trajectory after downturns in 2021 and 2022. Despite controlled expense growth from Rs 4,937 crore to Rs 4,303 crore, the company saw a substantial rise in operating profit, climbing from Rs 1,146 crore to Rs 2,124 crore, with the operating profit margin improving from 19% to 33%. Other income showed variability, increasing from Rs 1,135 crore to Rs 531 crore, reflecting fluctuations in non-operating revenue streams. Moreover, interest expenses notably decreased from Rs 1,427 crore to Rs 356 crore, highlighting improved debt management efficiency. Depreciation remained relatively stable, decreasing slightly from Rs 200 crore to Rs 148 crore. Profit before tax surged from Rs 653 crore to Rs 2,151 crore, underscoring strong operational performance, while the effective tax rate decreased significantly from 326% to 24%. Net profit saw a remarkable turnaround from a loss of Rs 590 crore to a profit of Rs 2,724 crore, and earnings per share (EPS) improved from a negative Rs 2.36 to Rs 11.02. The dividend payout ratio, fluctuating from negative in 2020 to around 45%-49% in subsequent years, reflected a consistent return to shareholders post-recovery. Overall, DLF Ltd.’s financial performance over this period showcases its resilience, strategic management, and commitment to sustainable growth.
FAQS
DLF LTD’s share price has shown a mix of ups and downs in the past, influenced by various factors such as economic conditions, market sentiments, and company-specific factors.
As of June 13th, 2024, the current share price of DLF LTD is around 864 INR.
Based on various estimates and projections, the target share price for DLF LTD in 2025 ranges from ₹816.33 to ₹1,268.42.
While DLF LTD’s share price can reach 1000 INR by 2025, it depends on various factors such as the company’s financial performance, market conditions, and economic outlook. However, as per our price prediction, DLF could reach 1,268.42 INR by 2025.
Factors such as the company’s financial performance, economic conditions, government policies, industry trends, and investor sentiments can impact the share price of DLF LTD.
What is DLF LTD’s growth strategy?
DLF LTD’s growth strategy includes expanding its portfolio of properties, exploring new business opportunities, strengthening its financial position, and leveraging technology to enhance customer experience.
What is the outlook for DLF LTD in the real estate industry?
The outlook for DLF LTD in the real estate industry is positive, given the growing demand for properties in India and the company’s strong market position and brand value.
Investing in DLF LTD’s shares can be a good idea, provided investors do their due diligence and consider various factors such as the company’s financial performance, market conditions, and long-term growth prospects.
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Conclusion
In conclusion, DLF India has navigated through a period of ups and downs in its financial performance over the last five years. The company faced challenges such as declining sales figures and fluctuating tax percentages, which impacted its profitability. However, DLF India exhibited resilience by implementing effective cost-control measures, as seen in the reduction of expenses over time. The company’s operating profit margin remained relatively stable, indicating its ability to maintain operational efficiency.
Despite the fluctuations, DLF India managed to generate positive net profits, with significant improvements from a loss in 2020 to a substantial profit in 2024. This positive turnaround can be attributed to factors such as other income and careful management of interest expenses. Moving forward, DLF India may need to focus on strategies that promote sustainable growth, such as diversification and streamlining operations, to navigate the ever-evolving real estate market effectively.
What did we learn?
- 1 DLF Ltd Q4 FY24 Results Highlights
- 2 How to Purchase DLF Ltd shares?
- 3 DLF Ltd Share Price Prediction: 2024 – 2030
- 4 Financial Condition of DLF Ltd: Last 5 years
- 5 FAQS
- 5.1 What has been the performance of DLF LTD’s shares in the past?
- 5.2 What is the current share price of DLF LTD?
- 5.3 What is the target share price for DLF LTD in 2025?
- 5.4 Can DLF LTD’s share price reach 1000 INR by 2025?
- 5.5 What factors can impact the share price of DLF LTD?
- 5.6 What is DLF LTD’s growth strategy?
- 5.7 What is the outlook for DLF LTD in the real estate industry?
- 5.8 Is investing in DLF LTD’s shares a good idea?
- 6 Conclusion
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