DLF Limited
DLF is India's leading real estate developer and has close to eight decades of track record of sustained growth, customer satisfaction, and innovation. DLF has developed more than 185 real estate projects and developed an area more than 352 million square feet (approx.). DLF Group has 280 msf (approx.) of development potential across residential and commercial segment including current projects u… Read more
DLF Limited (DLF) - Net Assets
Latest net assets as of September 2025: ₹430.02 Billion INR
Based on the latest financial reports, DLF Limited (DLF) has net assets worth ₹430.02 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹689.40 Billion) and total liabilities (₹259.38 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹430.02 Billion |
| % of Total Assets | 62.38% |
| Annual Growth Rate | 21.29% |
| 5-Year Change | 20.32% |
| 10-Year Change | 46.38% |
| Growth Volatility | 104.3 |
DLF Limited - Net Assets Trend (2002–2025)
This chart illustrates how DLF Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for DLF Limited (2002–2025)
The table below shows the annual net assets of DLF Limited from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹425.50 Billion | +7.91% |
| 2024-03-31 | ₹394.32 Billion | +4.62% |
| 2023-03-31 | ₹376.92 Billion | +3.60% |
| 2022-03-31 | ₹363.82 Billion | +2.88% |
| 2021-03-31 | ₹353.64 Billion | +2.61% |
| 2020-03-31 | ₹344.65 Billion | +2.52% |
| 2019-03-31 | ₹336.17 Billion | -4.93% |
| 2018-03-31 | ₹353.59 Billion | +43.17% |
| 2017-03-31 | ₹246.97 Billion | -15.04% |
| 2016-03-31 | ₹290.69 Billion | -0.93% |
| 2015-03-31 | ₹293.43 Billion | -0.18% |
| 2014-03-31 | ₹293.96 Billion | +5.25% |
| 2013-03-31 | ₹279.30 Billion | +0.99% |
| 2012-03-31 | ₹276.57 Billion | +2.78% |
| 2011-03-31 | ₹269.07 Billion | -13.37% |
| 2010-03-31 | ₹310.61 Billion | +25.31% |
| 2009-03-31 | ₹247.87 Billion | +23.46% |
| 2008-03-31 | ₹200.78 Billion | +463.33% |
| 2007-03-31 | ₹35.64 Billion | +253.15% |
| 2006-03-31 | ₹10.09 Billion | +34.32% |
| 2005-03-31 | ₹7.51 Billion | +11.85% |
| 2004-03-31 | ₹6.72 Billion | +12.27% |
| 2003-03-31 | ₹5.98 Billion | +19.25% |
| 2002-03-31 | ₹5.02 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to DLF Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3192.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹140.70 Billion | 33.07% |
| Common Stock | ₹4.95 Billion | 1.16% |
| Other Comprehensive Income | ₹420.55 Billion | 98.84% |
| Total Equity | ₹425.50 Billion | 100.00% |
DLF Limited Competitors by Market Cap
The table below lists competitors of DLF Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sinoma Science & Technology Co Ltd
SHE:002080
|
$3.82 Billion |
|
Sanwa Holdings Corporation
F:XST
|
$3.82 Billion |
|
CapitaLand Investment Limited
PINK:CLILF
|
$3.82 Billion |
|
Addtech
LSE:0QI7
|
$3.82 Billion |
|
BlueFocus Communication Group
SHE:300058
|
$3.82 Billion |
|
Daifuku Co. Ltd
PINK:DFKCY
|
$3.81 Billion |
|
AAK AB
ST:AAK
|
$3.81 Billion |
|
Wingtech Technology Co Ltd
SHG:600745
|
$3.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DLF Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 394,308,144,000 to 425,502,200,000, a change of 31,194,056,000 (7.9%).
- Net income of 43,676,215,000 contributed positively to equity growth.
- Dividend payments of 12,335,900,000 reduced retained earnings.
- Other comprehensive income increased equity by 391,914,453,000.
- Other factors decreased equity by 392,060,712,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹43.68 Billion | +10.26% |
| Dividends Paid | ₹12.34 Billion | -2.9% |
| Other Comprehensive Income | ₹391.91 Billion | +92.11% |
| Other Changes | ₹-392.06 Billion | -92.14% |
| Total Change | ₹- | 7.91% |
Book Value vs Market Value Analysis
This analysis compares DLF Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.19x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 125.01x to 3.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹4.38 | ₹547.80 | x |
| 2006-03-31 | ₹5.89 | ₹547.80 | x |
| 2007-03-31 | ₹20.85 | ₹547.80 | x |
| 2008-03-31 | ₹118.20 | ₹547.80 | x |
| 2009-03-31 | ₹141.78 | ₹547.80 | x |
| 2010-03-31 | ₹178.95 | ₹547.80 | x |
| 2011-03-31 | ₹154.78 | ₹547.80 | x |
| 2012-03-31 | ₹160.07 | ₹547.80 | x |
| 2013-03-31 | ₹161.67 | ₹547.80 | x |
| 2014-03-31 | ₹164.64 | ₹547.80 | x |
| 2015-03-31 | ₹163.46 | ₹547.80 | x |
| 2016-03-31 | ₹162.27 | ₹547.80 | x |
| 2017-03-31 | ₹137.70 | ₹547.80 | x |
| 2018-03-31 | ₹186.83 | ₹547.80 | x |
| 2019-03-31 | ₹152.62 | ₹547.80 | x |
| 2020-03-31 | ₹142.10 | ₹547.80 | x |
| 2021-03-31 | ₹142.79 | ₹547.80 | x |
| 2022-03-31 | ₹146.90 | ₹547.80 | x |
| 2023-03-31 | ₹152.25 | ₹547.80 | x |
| 2024-03-31 | ₹159.30 | ₹547.80 | x |
| 2025-03-31 | ₹171.90 | ₹547.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DLF Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.26%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 54.64%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.63x
- Recent ROE (10.26%) is below the historical average (11.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 11.58% | 14.22% | 0.22x | 3.68x | ₹117.90 Million |
| 2006 | 40.95% | 22.39% | 0.26x | 6.93x | ₹3.11 Billion |
| 2007 | 54.39% | 73.40% | 0.15x | 5.10x | ₹15.78 Billion |
| 2008 | 39.68% | 54.11% | 0.36x | 2.01x | ₹58.43 Billion |
| 2009 | 18.50% | 44.54% | 0.21x | 2.03x | ₹20.54 Billion |
| 2010 | 5.65% | 23.17% | 0.12x | 2.03x | ₹-13.23 Billion |
| 2011 | 6.23% | 17.15% | 0.15x | 2.43x | ₹-9.94 Billion |
| 2012 | 4.41% | 12.47% | 0.15x | 2.33x | ₹-15.23 Billion |
| 2013 | 2.59% | 7.83% | 0.14x | 2.35x | ₹-20.41 Billion |
| 2014 | 2.21% | 7.79% | 0.13x | 2.21x | ₹-22.73 Billion |
| 2015 | 1.85% | 7.06% | 0.12x | 2.27x | ₹-23.77 Billion |
| 2016 | 1.06% | 3.08% | 0.15x | 2.33x | ₹-25.90 Billion |
| 2017 | 2.91% | 8.69% | 0.13x | 2.62x | ₹-17.42 Billion |
| 2018 | 12.64% | 66.56% | 0.11x | 1.77x | ₹9.33 Billion |
| 2019 | 3.93% | 15.77% | 0.13x | 1.99x | ₹-20.38 Billion |
| 2020 | -1.69% | -9.59% | 0.11x | 1.66x | ₹-40.28 Billion |
| 2021 | 3.09% | 20.20% | 0.10x | 1.55x | ₹-24.41 Billion |
| 2022 | 4.13% | 26.25% | 0.11x | 1.44x | ₹-21.35 Billion |
| 2023 | 5.40% | 35.75% | 0.11x | 1.43x | ₹-17.33 Billion |
| 2024 | 6.92% | 42.43% | 0.11x | 1.53x | ₹-12.16 Billion |
| 2025 | 10.26% | 54.64% | 0.12x | 1.63x | ₹1.13 Billion |
Industry Comparison
This section compares DLF Limited's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $3,404,866,418
- Average return on equity (ROE) among peers: 18.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DLF Limited (DLF) | ₹430.02 Billion | 11.58% | 0.60x | $3.82 Billion |
| AGI Infra Limited (AGIIL) | $2.25 Billion | 23.19% | 3.81x | $32.43K |
| Ajmera Realty & Infra India Limited (AJMERA) | $5.38 Billion | 7.88% | 1.34x | $61.39 Million |
| Alembic Limited (ALEMBICLTD) | $2.31 Billion | 12.80% | 0.54x | $62.26 Million |
| Amj Land Holdings Limited (AMJLAND) | $1.15 Billion | 3.86% | 0.17x | $4.81 Million |
| Anant Raj Limited (ANANTRAJ) | $220.01 Million | 1.30% | 1.07x | $701.37 Million |
| Ansal Properties & Infrastructure Limited (ANSALAPI) | $17.89 Billion | 1.14% | 3.15x | $797.78K |
| Arihant Superstructures Limited (ARIHANTSUP) | $2.46 Billion | 12.78% | 3.20x | $37.69 Million |
| Arkade Developers Ltd (ARKADE) | $2.00 Billion | 25.34% | 1.77x | $39.44 Million |
| Art Nirman Limited (ARTNIRMAN) | $372.86 Million | 5.34% | 0.85x | $2.63 Million |
| Arvind SmartSpaces Limited (ARVSMART) | $28.40 Million | 95.23% | 13.74x | $112.65 Million |