DLF Ltd.

Financial

	DLF	Macrotech Developers	Larsen & Toubro
Operational Metrics
Real Estate Sector
Leasable Area	72.24 Mn Sqft	1.5 Mn Sqft	n/a
Residential Projects Under Construction	2.2 Mn Sqft	32.77 Mn Sqft	n/a
Non-Residential Area Under Construction	5.4 Mn Sqft	1.31 Mn Sqft	n/a
Occupancy Rate - Commercial Real Estate	91.0 %	13.51 %	n/a
Cost of Borrowing	8.07 %	9.4 %	n/a
Financials
5 yr Average ROE	2.97 %	14.65 %	13.22 %
5yr average Equity Multiplier	1.57	7.31	4.11
5yr Average Asset Turnover Ratio	0.11	0.23	0.49
5yr Avg Net Profit Margin	17.68 %	7.7 %	6.59 %
Price to Book	5.8	6.64	6.07
P/E	92.4	74.9	37.62
5yr Avg Cash Conversion Cycle	1005.89 Days	1355.33 Days	-202.42 Days
Inventory Days	1258.9 Days	1256.16 Days	14.48 Days
Days Receivable	35.66 Days	26.68 Days	90.45 Days
Days Payable	185.34 Days	204.51 Days	338.96 Days
5yr Average Interest Coverage Ratio	2.49	2.85	2.32
5yr Avg ROCE	4.97 %	26.65 %	15.44 %
5yr Avg Operating Profit Margin	35.03 %	25.01 %	18.15 %
5 yr average Debt to Equity	0.23	3.27	1.74
5yr CAGR Net Profit	9.07 %	-21.56 %	3.29 %
5yr Average Return on Assets	1.97 %	1.92 %	3.21 %
Shareholdings
Promoter Holding	74.08 %	72.16 %	0.0
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.87 %	-22.45 %	0.0
Change in Mutual Fund Holding (3 Yrs)	1.73 %	0.47 %	2.5 %

Business

	DLF	Macrotech Developers	Larsen & Toubro
Product Wise Break-Up	Product Wise Break-Up Rental Income 73.71 Services, maintenance and power generation 25.14 Real Estate 0 0 Income from lease rentals 0 Sale of Building Materials 0 Sale of Land / Development rights 0 Income from property development 0 Developmental Projects 0 Financial Services 0 IT & Technology Services 0 Hydrocarbon 0 Electrical & Automation 0 Heavy Engineering 0 Power 0 Infrastructure 0 Defence Engineering 0 Others 1.15	Product Wise Break-Up Developmental Projects 0 Electrical & Automation 0 Power 0 Income from property development 93.01 Sale of Land / Development rights 4.52 Income from lease rentals 0.58 Hydrocarbon 0 Financial Services 0 Heavy Engineering 0 Infrastructure 0 Defence Engineering 0 IT & Technology Services 0 0 0 Real Estate 0 Rental Income 0 Sale of Building Materials 0.46 Others 1.43	Product Wise Break-Up Developmental Projects 2.18 Electrical & Automation 0 Power 14.05 Income from property development 0 Sale of Land / Development rights 0 Income from lease rentals 0 Hydrocarbon 0 Financial Services 6.08 Heavy Engineering 3.9 Infrastructure 50.46 Defence Engineering 0 Software Services 20.22 0 0 Real Estate 0 Rental Income 0 Sale of Building Materials 0 Others 3.11
Location Wise Break-Up	Location Wise Break-Up India 100.0 International 0 Domestic 0 USA & Europe 0 Netherland 0 Sultanate of Oman 0 Kingdom of Saudi Arabia 0 United States of America 0 Qatar 0 Kuwait 0 UAE 0 Rest of the World 0 Middle East 0	Location Wise Break-Up Kuwait 0 USA & Europe 0 International 0 Qatar 0 UAE 0 Kingdom of Saudi Arabia 0 Middle East 0 United States of America 0 Domestic 100.0 Rest of the World 0 Sultanate of Oman 0 India 0 Netherland 0	Location Wise Break-Up Kuwait 0 USA & Europe 18.0 International 0 Qatar 0 UAE 0 Kingdom of Saudi Arabia 0 Middle East 23.0 United States of America 0 Domestic 0 Rest of the World 3.0 Sultanate of Oman 0 India 56.0 Netherland 0
Customer Wise Break-Up	Customer Wise Break-Up Others 100	-	-
Customer Wise Break-Up	Customer Wise Break-Up Others 100	-	-

DLF Ltd.

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