DLF share price today

DLF Ltd's share price was ₹720.00 at the close on 4 November 2026. It has been rising for 10 weeks. That is 9.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹522 and ₹765, and at that close it sat 82% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today DLF Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 26 weeks in a row.

Over the last 11 years the share price moved +576% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) cut their stake for 8 quarters in a row, indian funds and insurers (DIIs) raised their stake for 6 quarters in a row and lowest operating margin in 16 quarters.

1. Foreign funds (FIIs) cut their stake for 8 quarters in a row

   From 16.7% to 11.4% of the company by the September 2026 quarter.

2. Indian funds and insurers (DIIs) raised their stake for 6 quarters in a row

   From 4.7% to 9.1% of the company by the September 2026 quarter.

3. Lowest operating margin in 16 quarters

   Operating margin was 1.8% in the September 2026 quarter, against 17% a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), DLF reported revenue of ₹1,261 crore, down 23.3% from ₹1,643 crore a year earlier, and a profit of ₹1,301 crore, up 10.3% from ₹1,180 crore.

DLF results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

DLF's management discussed these results on a call held on 17 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

DLF closed at ₹720.00 on 4 November 2026, down 5.2% from ₹759.45 a year earlier (7 November 2025) and up 67.1% over five years. Its highest weekly close since March 2016 was ₹922.95 on 2 March 2024.

DLF share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

561 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: DLF closed at ₹720.00, up 4.1% on the week and up 9.4% on the month. 17 Oct 2026: DLF held its results call for July to September 2026. Management guided: DLF portfolio exit rentals: ₹175-180 crore per quarter, approximately ₹750 crore annualised excluding Atrium this year.

Earlier

• Results for July to September 2026: Revenue down 23.3% and profit up 10.3% on a year earlier.
• 27 Jul 2026: ex-date for a dividend of ₹8 a share.

DLF paid ₹8 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.11% at the ₹720.00 close on 4 November 2026. The last was a dividend of ₹8 a share, ex-date 27 July 2026.

DLF dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. DLF Ltd paid out 45% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 17 October 2026, DLF's management guided: DLF portfolio exit rentals: ₹175-180 crore per quarter, approximately ₹750 crore annualised excluding Atrium this year.

“Fundamentally, the three key drivers of our business are strong pre-sales of the identified products, strong cash and margin generation, and continuously sustained and strong growth in the rental business.”Ashok Tyagi, on the call for July to September 2026

What management guided

• DCCDL exit rentals close to ₹6,800 crore; Promenade Goa planned this fiscal, Chennai Blocks 4-5 (3.6 million square feet) next calendar year, Gurgaon Block 7 next year, remaining towers FY29-FY30 and Mall of India FY30; rental specific, commissioning directional only.
• Mumbai launch planned for Q3; Gurgaon Phase 4 luxury-plus launch and IREO land-transaction close planned for Q4; Dahlias experience centre planned for December.
• Development business gross-margin potential around ₹40,000 crore and potential cash generation above ₹42,500 crore.
• Completion schedules expected to face no challenge beyond a give-or-take one-quarter tolerance.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 17 October 2026.

When DLF reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Dahlias experience-centre readiness and realized price progression; check for any GRAP-related delay.

DLF is on 2 of our India lists: Momentum stocks and Real estate, REIT & cement.

DLF Ltd earned ₹1,301 Cr of net profit in the Sep 2026 quarter. That quarter includes a one-off gain bigger than its revenue, so the comparison with last year does not reflect normal business. Full-year FY26 profit was ₹4,415 Cr. Over 10 years profit has grown 30.6% a year on average. That is 103.2% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹1,180 Cr.

Sep 2026 profit was ₹1,301 Cr, +10.3% on a year earlier. For the full year, FY26 profit was ₹4,415 Cr (+1.1% on the year before).

Read this profit with care: at ₹1,301 Cr it is bigger than the quarter's whole revenue of ₹1,261 Cr. No business earns more than it takes in from sales, so this is a one-off item (for example a debt settlement, a tax write-back or an asset sale), not money the business earned. The underlying business is running at a 1.8% operating margin. The jump on last year, and any P/E built on this profit, come from the one-off, not from a real turn in earnings.

DLF Ltd reported ₹1,261 Cr of revenue in the Sep 2026 quarter, −23.3% on the same quarter a year earlier. Over 10 years it has grown −1.9% a year on average. The last full year, FY26, came in at ₹8,194 Cr. The last four reported quarters add to ₹6,375 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹8,194 Cr, +2.5% on the year before.

Recent pace: the last four quarters grew −21.5% on average, against −1.9% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −29.3%, against −4.5% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +6.6%, against +12.6% a year (rolling over).

DLF Ltd's operating margin was 1.8% in the Sep 2026 quarter, 15.2 percentage points lower than the same quarter a year ago. Across 13 years it has been between 18.0% and 42.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −15.4 percentage points on the year while gross margin changed −2.6 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 123% of DLF Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹6,347 Cr of operating cash against ₹4,415 Cr of profit. After ₹830 Cr of spending on assets, ₹5,517 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: it has been selling more assets than it buys. The next section shows those figures.

DLF Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹8,194 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. Over the last 3 years it sold more assets than it bought, by ₹129 Cr.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Over the last 3 years, money from selling assets was ₹129 Cr more than it spent on new ones. Work still in progress is ₹162 Cr (FY26).

In short: assets are being sold, not built, so this cash is not going into new capacity.

DLF Ltd's P/E is 38.7×, near the low end of its own history: it has been lower only 20% of the time. Its usual P/E (the middle reading) is 53.0×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.