Case study

DLF

DLF LIMITED

Tread carefully1y model +7.3%

Each stock's 10,000-path forecast, rendered as light.

39Score

DLF LIMITED (DLF) Stock Analysis & Case Study

Is DLF a good buy? The data-driven verdict.

DLF LIMITED (DLF) trades at ₹642,on the numbers it tread carefully, a Downstox Snapshot Score of 39/100.

On the numbers, DLF LIMITED (DLF) tread carefully, a Downstox Snapshot Score of 39/100, weighing premium at 36.9× earnings, ROE of 9.5%, a 59% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

DLF fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹1.59L Cr
Current price
₹642
P/E ratio
36.9×
P/B ratio
3.49×
Book value
₹184
Dividend yield
1.25%
ROCE
6.3%
ROE
9.5%
Piotroski F-Score
6/8

How DLF ranks against the 2,373 companies in our screener

Is DLF overvalued? DLF P/E vs its Realty

DLF's P/E of 36.9× sits above the Realty peer median of 29.5×, so on earnings it screens richer than peers, while its 1.25% dividend yield is above the peer median of 0.45%.

DLF P/E
36.9×
Peer median P/E
29.5×
DLF div yield
1.25%
Peer median yield
0.45%

DLF share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of DLF history (14%/yr drift, 32%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
DLF 2027₹459₹689₹1,035+7%
DLF 2028₹419₹740₹1,306+15%
DLF 2029₹393₹794₹1,604+24%
DLF 2030₹381₹852₹1,907+33%
DLF 2031₹371₹915₹2,255+43%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability DLF goes up, or doubles?

59%
Higher in 1 year
Modelled chance the price is above today in 12 months
69%
Higher in 5 years
Modelled chance the price is above today in 5 years
32%
Doubles in 5 years
Modelled chance of reaching ₹1,284 within 5 years

The bull case for DLF

  • DLF LIMITED is part of the nifty50 universe with live, tracked fundamentals on Downstox.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,604.

The bear case & risks

  • DLF's P/E of 36.9x is lower than 37% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • DLF's return on equity of 9.5% ranks in the 46th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹393.

DLF volatility & expected range, how bumpy is the ride?

Over the last 9.8 years DLF compounded at 14%/year with annualized volatility of 32%. That volatility implies a 1-year 80% range of ₹459-₹1,035, the honest backbone behind any single price target.

DLF price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
7.3%
80% range₹459-₹1,035
P(price ↑)59%
P(price 2×)2%
3-Year Forecast
2029
₹0
Median (P50)
23.7%
80% range₹393-₹1,604
P(price ↑)65%
P(price 2×)19%
5-Year Forecast
2031
₹0
Median (P50)
42.5%
80% range₹371-₹2,255
P(price ↑)69%
P(price 2×)32%

DLF price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
DLF simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds DLF hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the DLF price target & forecast page.

DLF Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. DLF scores 6/8, mixed financial health.

DLF MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy DLF with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox26.88%3.7×
Zerodha25.90%3.9×
Groww25.90%3.9×
DhanCHEAPEST23.34%4.3×
Kotak Neo25.00%4.0×
Paytm Money23.47%4.3×
Pocketful30.41%3.3×
Fyers31.25%3.2×
Anand Rathi30.34%3.3×
Bajaj Broking24.00%4.2×
Share India30.34%3.3×

Compare every broker on the DLF MTF page.

DLF vs peers,Realty comparison

StockP/EDiv yieldMarket cap
DLF (this stock)36.9×1.25%₹1.59L Cr
OBEROIRLTY24.4×0.45%₹64,539 Cr
GODREJPROP38.5×0.48%₹62,354 Cr
LODHA29.5×0.35%₹1.22L Cr
PRESTIGE59.9×0.13%₹68,262 Cr
RELIANCE24.2×0.45%₹18.06L Cr
TCS16.5×2.61%₹8.87L Cr

Fundamentals from Screener.in, as of 9 Aug 2026

About DLF LIMITED: sector, index & market-cap context

DLF LIMITED (DLF) is a large-cap NSE-listed company in the Realty sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹1.59L Cr. See more stocks on our screener.

How the DLF Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of DLF LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

DLF analysis, FAQs

Is DLF LIMITED (DLF) a good buy?

On the numbers, DLF LIMITED (DLF) tread carefully, a Downstox Snapshot Score of 39/100, weighing premium at 36.9× earnings, ROE of 9.5%, a 59% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is DLF overvalued or undervalued?

DLF trades at 36.9× earnings versus a peer median of 29.5×, so it screens richer than its Realty peers.

What is the DLF share price target for 2031?

DLF's probability-weighted 2031 median target is ₹915, with an 80% range of ₹371-₹2,255 (10,000-path Monte-Carlo).

What is the probability DLF doubles in 5 years?

The modelled probability of DLF reaching ₹1,284 (2×) within 5 years is 32%.

What is the bull case for DLF?

DLF LIMITED is part of the nifty50 universe with live, tracked fundamentals on Downstox.

What are the risks in DLF?

DLF's P/E of 36.9x is lower than 37% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. DLF's return on equity of 9.5% ranks in the 46th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

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