DLF has a strong portfolio of luxury residential projects that have received an extraordinary response at launches. Gurugram is emerging as a destination for uber-luxury residences, where DLF has an absolute monopoly. With pre-sales expected to clock a 20% CAGR over FY24-27, coupled with healthy collections visibility, a large land bank to support long-term growth, a cashpositive balance sheet, steadily growing rental income, and reducing debt, our confidence in DLF remains strong.
NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Motilal Oswal Report
We attended DLF Ltd.'s Analyst Day, which included visits to several projects followed by a meeting with management. The company laid out its detailed future roadmap for both business segments—development and annuity—highlighting an incremental potential of 27msf due to its revised transii oriented development/transferable development rights potential.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Management is focused on sustainable and profitable growth, guided by a strong launch pipeline and underdevelopment annuity assets, along with a strategically located land bank. However, we have not considered the incremental potential for our calculations due to the revised TOD/TDR potential.
DLF has a strong portfolio of luxury residential projects that have received an extraordinary response at launches. Gurugram is emerging as a destination for uber-luxury residences, where DLF has an absolute monopoly. With pre-sales expected to clock a 20% CAGR over FY24-27, coupled with healthy collections visibility, a large land bank to support long-term growth, a cashpositive balance sheet, steadily growing rental income, and reducing debt, our confidence in DLF remains strong.
Reiterate Buy with a target price of Rs 954
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
