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Buy DLF, target price Rs 465 : JM Financial

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has buy call on with a target price of Rs 465. The current market price of DLF is Rs 390.75. Time period given by analyst is 3 quarters when DLF price can reach defined target.

DLF, incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 97032.22 Crore) operating in Real Estate sector.

DLF key Products/Revenue Segments include Property Development, Rental Income, Other Operating Revenue and Royalty Income for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 1360.50 Crore, down -10.27 % from last quarter Total Income of Rs 1516.28 Crore and down -12.59 % from last year same quarter Total Income of Rs 1556.53 Crore. Company has reported net profit after tax of Rs 260.27 Crore in latest quarter.

The company’s top management includes Lt. Gen. (Retd.)Aditya Singh, Mr.Rajiv Krishan Luthra, Mr.Pramod Bhasin, Mr.Devinder Singh, Mr.Ashok Kumar Tyagi, Ms.Anushka Singh, Ms.Savitri Devi Singh, Mr.Rajiv Singh, Dr.K P Singh, Ms.Priya Paul, Mr.Vivek Mehra, Ms.Pia Singh, Mr.A S Minocha, Mr.Ved Kumar Jain. Company has S R

& Co. LLP as its auditors. As on 30-09-2022, the company has a total of 248 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 74.95 per cent stake in the company as of 30-Sep-2022, while FIIs owned 16.13 per cent, DIIs 4.67 per cent.

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