DLF Ltd.

Financial

	DLF	Lodha Developers	Prestige EstatesProj
Operational Metrics
Real Estate Sector
Leasable Area	79.2 Mn Sqft	1.5 Mn Sqft	11.35 Mn Sqft
Residential Projects Under Construction	2.2 Mn Sqft	35.27 Mn Sqft	86.0 Mn Sqft
Non-Residential Area Under Construction	17.3 Mn Sqft	2.4 Mn Sqft	25.0 Mn Sqft
Occupancy Rate - Commercial Real Estate	94.0 %	13.51 %	n/a
Cost of Borrowing	8.17 %	8.7 %	10.32 %
Financials
5 yr Average ROE	5.96 %	7.44 %	15.31 %
5yr average Equity Multiplier	1.48	3.98	3.94
5yr Average Asset Turnover Ratio	0.11	0.22	0.23
5yr Avg Net Profit Margin	35.85 %	10.8 %	18.03 %
Price to Book	4.45	6.07	4.47
P/E	42.24	41.32	130.77
5yr Avg Cash Conversion Cycle	839.04 Days	1357.74 Days	1408.62 Days
Inventory Days	1224.58 Days	1239.1 Days	627.65 Days
Days Receivable	29.49 Days	20.88 Days	59.1 Days
Days Payable	227.14 Days	131.51 Days	144.77 Days
5yr Average Interest Coverage Ratio	4.68	3.83	3.1
5yr Avg ROCE	5.17 %	15.75 %	13.85 %
5yr Avg Operating Profit Margin	29.28 %	18.29 %	27.37 %
5 yr average Debt to Equity	0.12	1.28	0.96
5yr CAGR Net Profit	31.91 %	133.11 %	27.8 %
5yr Average Return on Assets	3.97 %	2.67 %	4.39 %
Shareholdings
Promoter Holding	74.08 %	71.9 %	60.94 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.87 %	-10.3 %	-4.54 %
Change in Mutual Fund Holding (3 Yrs)	0.34 %	0.43 %	9.98 %

Business

	DLF	Lodha Developers	Prestige EstatesProj
Product Wise Break-Up	Product Wise Break-Up Real Estate 67.4 Rental Income 24.62 Services, maintenance and power generation 7.97 0 Income from lease rentals 0 Sale of Building Materials 0 Sale of Land / Development rights 0 Income from property development 0 0 Contractual Projects 0 0 Residential and commercial projects 0 Others 0.01	Product Wise Break-Up Income from property development 93.44 0 0 Sale of Land / Development rights 4.06 Real Estate 0 Contractual Projects 0 0 0 Sale of Building Materials 0.36 Residential and commercial projects 0 Income from lease rentals 0.99 Rental Income 0 Others 1.15	Product Wise Break-Up Income from property development 0 0 0 Sale of Land / Development rights 0 Real Estate 0 Contractual Projects 1.14 Hospitality 7.53 Rental Income 7.96 Sale of Building Materials 0 Residential 81.84 Income from lease rentals 0 Rental Income 0 Others 1.53
Location Wise Break-Up	Location Wise Break-Up India 100.0 International 0 Domestic 0 Rest of the World 0	Location Wise Break-Up Rest of the World 0 International 0 Domestic 100.0 India 0	Location Wise Break-Up Rest of the World 0 International 0 Domestic 0 India 100.0
Customer Wise Break-Up	Customer Wise Break-Up Others 100	-	-
Customer Wise Break-Up	Customer Wise Break-Up Others 100	-	-