Dlf Ltd1. Compnay Analysis Report
DLF Ltd
Prepared and Edited By-
MY MONEY GURUKUL
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The information, opinions, estimates and forecasts contained in this document have been arrived at or obtained from public sources
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DLF Ltd
Table of Contains
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DLF Ltd
Latest Results
Annual Quarterly TTM
Results
March ' 12 Growth September ' 12 Growth September ' 12 Growth
EBDITA 3201.31 10.02 412.2 412.2 3277.53 -11.95
Reported Net Profit 1041.76 -17.94 -19.54 -19.54 994.18 -24.47
Adjusted PAT 1048.92 -2 -19.35 -19.35 1004.09 -24.28
Compney at a Glance
Industry Construction & Contracting Share Holding
General
Others Public
FII's
Business Group DLF Group
2% 7%
16%
MF BFI
0% 0%
Face Vale 2.00
Current Price 220.20
Promoter
Market Cap(Rs. In Cr) 37398.46 79%
ROE Analysis
Particulars March ' 08 March ' 09 March ' 09 March ' 11 March ' 12
Reported PAT / PBT 0.83 0.87 0.87 0.88 0.69
Adjusted PAT / PBT 0.83 0.86 0.86 0.79 0.70
PBT / PBIT 0.87 0.69 0.69 0.53 0.49
PBIT / Sales 0.65 0.93 0.93 0.94 0.88
Sales / Total Assets 0.23 0.11 0.11 0.08 0.10
Total Assets / Net Worth 2.08 2.03 2.03 2.55 2.49
Reported ROE 22% 12% 12% 9% 7%
Adjusted ROE 22% 12% 12% 8% 8%
3.00 25%
30%
ROE Factors ROE
20%
Reported ROE
2.00 20%
15%
Adjusted ROE
10%
1.00 10%
5%
0.00 0% 0%
March ' 08
March ' 09
March ' 10
March ' 11
March ' 12
March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Reported ROE Reported PAT / PBT PBT / PBIT
PBIT / Sales Sales / Total Assets Total Assets / Net Worth
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DLF Ltd
Income Statement
Particulars (Rs. In Cr) March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Operating Income 5496.96 2827.9 2827.9 2916.08 3491.32
Operating Expenses
Material Consumed 6.06 0.00 0.00 0.00 0.00
Manufacturing Expenses 2141.29 778.34 778.34 848.68 932.88
Personnel Expenses 103.78 71.12 71.12 89.90 127.12
Selling Expenses 45.70 59.28 59.28 53.71 0.00
Adminstrative Expenses 128.16 156.39 156.39 143.99 321.35
Expenses Capitalised 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses 2424.99 1065.13 1065.13 1136.28 1381.35
Operating Profit 3071.97 1762.77 1762.77 1779.80 2109.97
Other Income 560.74 1006.72 1006.72 1130.06 1091.34
EBDITA 3632.71 2769.49 2769.49 2909.86 3201.31
Depreciation 25.68 114.08 114.08 129.77 139.84
Other Write offs 41.79 37.86 37.86 50.40 0.00
EBIT 3565.24 2617.55 2617.55 2729.69 3061.47
EBT 3117.59 1807.69 1807.69 1442.99 1507.69
Income Tax 543.52 261.00 261.00 309.05 458.77
Adjusted PAT 2574.07 1546.69 1546.69 1133.94 1048.92
Non Recurring Items 0.16 -2.15 -2.15 105.45 0.00
Other Non Cash adjustments 0.36 33.05 33.05 30.16 -7.16
Reported Net Profit 2574.59 1577.59 1577.59 1269.55 1041.76
Equity Dividend 681.93 339.44 339.44 339.51 339.68
Preference Dividend 0.00 0.00 0.00 0.00 0.00
Dividend Tax 115.89 28.91 28.91 0.00 55.10
Retained Earnings 1776.77 1209.24 1209.24 930.04 646.98
6000 40%
Operating Income & Growth Expenses break up-% of sales
Total Operating Expenses
30%
5000 20%
4000 10% Depreciation
23%
0% 30%
3000 -10% Other Write offs
-20%
2000 -30%
Interest 10%
1000 -40%
-50%
Income Tax 3%
0 -60%
March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
34%
Adjusted PAT
Operating Income Growth
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DLF Ltd
4000 Net Profit & Growth(%)
Profit Levels 3000 80%
3500
2500 60%
3000
40%
2500 2000
20%
2000 1500
0%
1500
1000
-20%
1000
500 -40%
500
0
0 -60%
March ' 08 March ' 09 March ' 10 March ' 11 March ' 12 March ' March ' March ' March ' March '
Operating Profit EBDITA EBIT EBT Adjusted PAT 08 09 10 11 12
Reported Net Profit Growth
Balance Sheet
Particulars (Rs. In Cr) March ' 08 March ' 09 March ' 09 March ' 11 March ' 12
SOURCES OF FUNDS
Owner's Fund
Equity Share Capital 340.96 339.44 339.44 339.51 339.68
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves & Surplus 10928.19 12035.39 12035.39 13470.98 14156.88
Total Owners fund 11269.15 12374.83 12374.83 13810.49 14496.56
Loan Funds
Secured Loans 4945.91 7979.97 7979.97 14700.70 11844.67
Unsecured Loans 3440.49 1635.00 1635.00 358.85 130.45
Total Loan fund 8386.40 9614.97 9614.97 15059.55 11975.12
Total 19655.55 21989.80 21989.80 28870.04 26471.68
USES OF FUNDS
Fixed Assets
Gross Block 1533.72 1968.40 1968.40 2143.37 2624.35
Less : Revaluation Reserve 0.00 0.00 0.00 0.00 0.00
Less : Accumulated Depreciation 59.34 152.87 152.87 400.27 535.86
Net Block 1474.38 1815.53 1815.53 1743.10 2088.49
Capital Work-in-progress 1781.79 1657.73 1657.73 2199.25 2077.77
Investments 1839.83 2956.32 2956.32 7037.24 7046.65
Net Current Assets
Current Assets, Loans & Advances 18345.94 18718.62 18718.62 24251.81 24855.10
Less : Current Liabilities & Provisions 3786.38 3158.40 3158.40 6361.36 9596.33
Total Net Current Assets 14559.56 15560.22 15560.22 17890.45 15258.77
Miscellaneous expenses not written 0.00 0.00 0.00 0.00 0.00
Total 19655.56 21989.80 21989.80 28870.04 26471.68
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DLF Ltd
Note : Balance Sheet
Book Value of Unquoted Investments 1808.92 2956.32 2956.32 7037.24 7046.65
Market Value of Quoted Investments 30.92 0.00 0.00 0.00 0
Contingent liabilities 3047.92 4875.99 4875.99 10141.63 12719.78
Number of Equity shares outstanding (in Lacs) 17048.33 16972.09 16972.09 16975.72 16983.86
Capital Structure Application of Capital
Net Block
2012 8%
Capital Work-
in-progress
Total Net
26%
45% 2011 Current
48% Assets
52% 58%
55% Investments
8%
Total Owners fund Total Loan fund
Cash Flow Statement
Particulars (Rs. In Cr) March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Profit Before Tax 3117.92 1808.77 943.09 1555.21 1507.71
Net CashFlow-Operating Activity -1505.81 1365.86 395.24 1515.13 419.15
Net Cash Used In Investing Activity -6482.00 -1151.17 -2420.00 -1949.99 1158.71
NetCash Used in Fin. Activity 8945.90 -437.54 1434.95 419.00 -1354.43
Net Inc/Dec In Cash And Equivlnt 958.09 -222.85 -589.80 -15.86 223.44
Cash And Equivalnt Begin of Year 24.16 982.25 759.40 169.60 131.84
Cash And Equivalnt End Of Year 982.25 759.40 169.60 153.74 355.28
Net Cash Flow Increase & Decrease in Cash (Rs in Cr)
-1000 -500 0 500 1000 1500
419
1,159 March ' 12
8,946 1,366 1,435
1,515
March ' 11
395 419
-1,506
March ' 10
-1,151
-1,950 -1,354
-6,482 -2,420 March ' 09
-438
March ' 08
Net CashFlow-Operating Activity Net Cash Used In Investing Activity
NetCash Used in Fin. Activity Net Inc/Dec In Cash And Equivlnt
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DLF Ltd
Quarterly Result : Income Statement
Particulars (Rs. In Cr) September ' 11 December ' 11 December ' 11 June ' 12 September ' 12
Net sales 1066.05 753.54 753.54 792.35 356.07
Other Operating Income 0.00 0.00 0.00 0.00 0.00
Total Operating Income 1066.05 753.54 753.54 792.35 356.07
Increase/Decrease of stock 0.00 0.00 0.00 0.00 0.00
Raw Materials Consumption 0.00 0.00 0.00 0.00 0.00
Other Purchases 0.00 0.00 0.00 0.00 0.00
Power and Fuel 0.00 0.00 0.00 0.00 0.00
Employees Cost 32.39 28.12 28.12 21.47 25.97
Total Operating Expenses 32.39 28.12 28.12 21.47 25.97
Operating Profit 1033.66 725.42 725.42 770.88 330.10
Other Income 175.64 482.46 482.46 236.56 251.31
R&D Expenses 0.00 0.00 0.00 0.00 0.00
Other Expenses 352.43 261.51 261.51 -2.40 169.21
Total Other Expenses 352.43 261.51 261.51 -2.40 169.21
EBITDA 856.87 946.37 946.37 1009.84 412.20
Depreciation 35.07 35.36 35.36 35.42 35.78
Provision and contingencies 0.00 0.00 0.00 0.00 0.00
EBIT 821.80 911.01 911.01 974.42 376.42
Interest 378.98 427.76 427.76 435.29 418.61
EBT 442.82 483.25 483.25 539.13 -42.19
Tax 140.25 127.55 127.55 169.41 -22.84
PAT 302.57 355.70 355.70 369.72 -19.35
Quarterly Profit Levels 1,200
1,066 Quarterly Net sales
1,000
754 792
800 754
600
400 356
200
September ' December ' 11 March ' 12 June ' 12 September '
11 12
0
September ' 11 ecember ' 11
D December ' 11 June ' 12 September ' 12
EBITDA EBIT EBT Reported PAT
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DLF Ltd
Growth Analysis : Income Statement
Particulars (%) March ' 09 March ' 10 March ' 11 March ' 12 Average Growth CAGR
Operating Income -48.56 -18.42 -18.42 19.73 7.27 -8.68
Total Operating Expenses -56.08 18.49 18.49 21.57 3.73 -10.65
Operating Profit -42.62 -40.72 -40.72 18.55 16.11 -7.24
Other Income 79.53 -10.92 -10.92 -3.43 12.20 14.25
EBDITA -23.76 -29.89 -29.89 10.02 10.61 -2.50
Depreciation 344.24 10.49 10.49 7.76 40.51 40.35
EBIT -26.58 -32.22 -32.22 12.15 11.91 -3.00
Interest 80.91 4.62 4.62 20.76 32.88 28.26
EBT -42.02 -48.72 -48.72 4.48 4.55 -13.52
Adjusted PAT -39.91 -51.43 -51.43 -7.50 -2.00 -16.44
Reported Net Profit -38.72 -51.50 -51.50 -17.94 -1.57 -16.55
Equity Dividend -50.22 0.01 0.01 0.05 -5.00 -13.01
Preference Dividend 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Tax -75.05 -60.64 -60.64 0.00 -49.63 -13.82
Retained Earnings -31.94 -65.75 -65.75 -30.44 8.84 -18.29
80.00 Growth Factors(%) 0 5 Years CAGR(%)
60.00
-5
40.00
20.00
-10
0.00
-20.00 -15
-40.00
-60.00
-20
Operating Total Operating EBT Retained
-80.00 Income Operating Profit Earnings
Total Operating Expenses EBDITA EBT Adjusted PAT Expenses
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DLF Ltd
Comparative Analysis : Income Statement
Particulars (%) March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Operating Income 100.00 100.00 100.00 100.00 100.00
Total Operating Expenses 44.12 37.67 37.67 38.97 39.57
Operating Profit 55.88 62.33 62.33 61.03 60.43
Other Income 10.20 35.60 35.60 38.75 31.26
EBDITA 66.09 97.93 97.93 99.79 91.69
Depreciation 0.47 4.03 4.03 4.45 4.01
Other Write offs 0.76 1.34 1.34 1.73 0.00
EBIT 64.86 92.56 92.56 93.61 87.69
Interest 8.14 28.64 28.64 44.12 44.50
EBT 56.71 63.92 63.92 49.48 43.18
Income Tax 9.89 9.23 9.23 10.60 13.14
Adjusted PAT 46.83 54.69 54.69 38.89 30.04
Reported Net Profit 46.84 55.79 55.79 43.54 29.84
Comparative Analysis : Balance Sheet
Particulars (%) March ' 08 March ' 09 March ' 09 March ' 11 March ' 12
SOURCES OF FUNDS
Equity Share Capital 1.73 1.54 1.33 1.18 1.28
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves & Surplus 55.60 54.73 49.04 46.66 53.48
Total Owners fund 57.33 56.28 50.38 47.84 54.76
Secured Loans 25.16 36.29 45.51 50.92 44.74
Unsecured Loans 17.50 7.44 4.11 1.24 0.49
Total Loan fund 42.67 43.72 49.62 52.16 45.24
Total 100.00 100.00 100.00 100.00 100.00
USES OF FUNDS
Fixed Assets
Gross Block 7.80 8.95 7.86 7.42 9.91
Less : Revaluation Reserve 0.00 0.00 0.00 0.00 0.00
Less : Accumulated Depreciation 0.30 0.70 1.08 1.39 2.02
Net Block 7.50 8.26 6.79 6.04 7.89
Capital Work-in-progress 9.07 7.54 6.75 7.62 7.85
Investments 9.36 13.44 25.75 24.38 26.62
Net Current Assets
Current Assets, Loans & Advances 93.34 85.12 74.39 84.00 93.89
Less : Current Liabilities & Provisions 19.26 14.36 13.68 22.03 36.25
Total Net Current Assets 74.07 70.76 60.71 61.97 57.64
Miscellaneous expenses not written 0.00 0.00 0.00 0.00 0.00
Total 100.00 100.00 100.00 100.00 100.00
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DLF Ltd
Index Analysis : Income Statement
Particulars (%) March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Operating Income 100.00 51.44 41.97 53.05 63.51
Total Operating Expenses 100.00 43.92 52.05 46.86 56.96
Operating Profit 100.00 57.38 34.02 57.94 68.68
Other Income 100.00 179.53 159.92 201.53 194.62
EBDITA 100.00 76.24 53.45 80.10 88.12
Depreciation 100.00 444.24 490.85 505.33 544.55
Other Write offs 100.00 90.60 99.23 120.60 0.00
EBIT 100.00 73.42 49.76 76.56 85.87
Interest 100.00 180.91 189.26 287.43 347.10
EBT 100.00 57.98 29.73 46.29 48.36
Income Tax 100.00 48.02 32.33 56.86 84.41
Adjusted PAT 100.00 60.09 29.19 44.05 40.75
Reported Net Profit 100.00 61.28 29.72 49.31 40.46
Index Analysis : Balance Sheet
Particulars (%) March ' 08 March ' 09 March ' 09 March ' 11 March ' 12
SOURCES OF FUNDS
Equity Share Capital 100.00 99.55 99.57 99.57 99.62
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves & Surplus 100.00 110.13 114.30 123.27 129.54
Total Owners fund 100.00 109.81 113.85 122.55 128.64
Secured Loans 100.00 161.34 234.34 297.23 239.48
Unsecured Loans 100.00 47.52 30.45 10.43 3.79
Total Loan fund 100.00 114.65 150.69 179.57 142.79
Total 100.00 111.88 129.57 146.88 134.68
USES OF FUNDS
Fixed Assets
Gross Block 100.00 128.34 130.59 139.75 171.11
Less : Revaluation Reserve 0.00 0.00 0.00 0.00 0.00
Less : Accumulated Depreciation 100.00 257.62 461.48 674.54 903.03
Net Block 100.00 123.14 117.27 118.23 141.65
Capital Work-in-progress 100.00 93.04 96.45 123.43 116.61
Investments 100.00 160.68 356.49 382.49 383.01
Net Current Assets
Current Assets, Loans & Advances 100.00 102.03 103.26 132.19 135.48
Less : Current Liabilities & Provisions 100.00 83.41 91.99 168.01 253.44
Total Net Current Assets 100.00 106.87 106.19 122.88 104.80
Miscellaneous expenses not written 0.00 0.00 0.00 0.00 0.00
Total 100.00 111.88 129.57 146.88 134.68
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DLF Ltd
Ratio Analysis : Yearly
Particulars (%) March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
PER SHARE RATIOS
Adjusted E P S (Rs.) 15.1 9.11 4.43 6.68 6.18
Adjusted Cash EPS (Rs.) 15.49 10.01 5.41 7.74 7
Reported EPS (Rs.) 15.1 9.12 4.51 7.48 6.13
Reported Cash EPS (Rs.) 15.5 10.01 5.49 8.54 6.96
Operating Profit Per Share (Rs.) 18.02 10.39 6.16 10.48 12.42
Book Value(Excl Rev Res)Per Share(Rs) 66.1 72.91 75.59 81.35 85.35
Book Value (Incl Rev Res)Per Share(Rs) 66.1 72.91 75.59 81.35 85.35
Net Operating Income Per Share(Rs) 32.24 16.66 13.59 17.18 20.56
Free Reserves Per Share (Rs.) 63.84 69.75 70.78 71.9 0
PROFITABILITY RATIOS
Operating Margin (%) 55.88 62.33 45.29 61.03 60.43
Gross Profit Margin (%) 55.41 58.3 39.82 56.58 56.42
Net Profit Margin (%) 42.49 40.36 23.87 31.37 22.73
Adjusted Cash Margin (%) 43.6 44.29 28.67 32.47 25.94
Adjusted Return On Net Worth (%) 22.84 12.49 5.85 8.21 7.23
Reported Return On Net Worth (%) 22.84 12.5 5.96 9.19 7.18
Return On long Term Funds (%) 22.4 13.36 7.01 9.54 12.71
LEVERAGE RATIOS
Long Term Debt / Equity 0.41 0.58 0.97 1.07 0.66
Total Debt/Equity 0.74 0.77 0.98 1.09 0.82
Owners fund as % of total Source 57.33 56.27 50.37 47.83 54.76
Fixed Assets Turnover Ratio 3.6 1.46 1.17 1.38 0.12
LIQUIDITY RATIOS
Current Ratio 4.85 5.93 5.44 3.81 2.59
Current Ratio (Inc. ST Loans) 2.34 2.96 5.03 3.51 1.74
Quick Ratio 3.28 3.83 3.56 2.49 1.74
Inventory Turnover Ratio 0 0 0.41 0.42 0.43
PAYOUT RATIOS
Dividend payout Ratio (Net Profit) 30.99 23.79 45.86 26.74 37.89
Dividend payout Ratio (Cash Profit) 30.19 21.67 37.62 23.41 33.4
Earning Retention Ratio 69.01 76.19 53.3 70.06 62.37
Cash Earnings Retention Ratio 69.8 78.32 61.82 74.17 66.8
COVERAGE RATIOS
Adjusted Cash Flow Time Total Debt 3.17 5.66 13.76 11.46 10.07
Financial Charges Coverage Ratio 8.12 3.42 2.29 2.26 2.06
Fin. Charges Cov.Ratio (Post Tax) 6.9 3.1 2.1 2.13 1.76
COMPONENT RATIOS
Material Cost Component(% earnings) 0 0 0 0 0
Selling Cost Component 0.83 2.09 2.46 1.84 0
Long term assets / Total Assets 0.21 0.25 0.34 0.31 0.3
Bonus Component In Equity Capital(%) 78.51 78.87 78.86 78.85 78.81
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DLF Ltd
Per Share Ratio Profit Margin
March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Net Operating Income Per Share(Rs) March ' 08 March ' 09 March ' 10 March ' 11 March ' 12
Adjusted E P S (Rs.) Net Profit Margin (%) Operating Margin (%)
Adjusted Cash EPS (Rs.)
Dividend Per Share Adjusted Return On Net Worth (%) Return On long Term Funds (%)
Book Value (Incl Rev Res)Per Share(Rs)
Liquidity Ratio Quarterly Profit Margin
March ' 08 March ' 09 March ' 10 March ' 11 March ' 12 September ' 11 December ' 11 March ' 12 June ' 12 September ' 12
Current Ratio Quick Ratio Operating Profit Margin EBIT Margin
PAT Margin EBITDA Margin
Ratio Analysis : Quarterly
Particulars (%) September ' 11 December ' 11 March ' 12 June ' 12 September ' 12
PER SHARE RATIOS
Operating Income Per Share(Rs.) 6.28 4.44 5.81 4.67 2.10
Operating Profit Per Share(Rs.) 6.09 4.27 5.61 4.54 1.94
Adjusted EPS(Rs.) 1.78 2.09 1.75 2.18 -0.11
PROFITABILITY RATIOS
Operating Profit Margin 96.96 96.27 96.70 97.29 92.71
EBITDA Margin 80.38 125.59 92.20 127.45 115.76
EBIT Margin 77.09 120.90 88.62 122.98 105.72
PAT Margin 28.38 47.20 29.50 46.34 -5.49
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DLF Ltd
TTM Analysis
Particulars (Rs in Cr) June ' 12 % of Sales September ' 12 % of Sales Growth(%)
Net sales 3597.93 100.00 2887.95 100.00 -19.73
Other Operating Income 0.00 0.00 0.00 0.00 NA
Total Operating Income 3597.93 100.00 2887.95 100.00 -19.73
Increase/Decrease of stock 0.00 0.00 0.00 0.00 NA
Raw Materials Consumption 0.00 0.00 0.00 0.00 NA
Other Purchases 0.00 0.00 0.00 0.00 NA
Power and Fuel 0.00 0.00 0.00 0.00 NA
Employees Cost 114.47 3.18 108.05 3.74 -5.61
Total Operating Expenses 114.47 3.18 108.05 3.74 -5.61
Operating Profit 3483.46 96.82 2779.90 96.26 -20.20
Other Income 1168.65 32.48 1244.32 43.09 6.47
R&D Expenses 0.00 0.00 0.00 0.00 NA
Other Expenses 929.91 25.85 746.69 25.86 -19.70
Total Other Expenses 929.91 25.85 746.69 25.86 -19.70
EBITDA 3722.20 103.45 3277.53 113.49 -11.95
Depreciation 141.14 3.92 141.85 4.91 0.50
Provision and contingencies 0.00 0.00 0.00 0.00 NA
EBIT 3581.06 99.53 3135.68 108.58 -12.44
Interest 1659.19 46.12 1698.82 58.82 2.39
EBT 1921.87 53.42 1436.86 49.75 -25.24
Tax 595.86 16.56 432.77 14.99 -27.37
PAT 1326.01 36.85 1004.09 34.77 -24.28
Exceptional Item 0.00 0.00 0.00 0.00 NA
Extra Ordinary Item -9.72 -0.27 -9.72 -0.34 0.00
Prior Year Adjustment 0.00 0.00 -0.19 -0.01 NA
Reported PAT 1316.29 36.58 994.18 34.43 -24.47
TTM SPS 21.19 17.01 -19.73
TTM EPS 7.75 5.85 -24.52
TTM EPS & SPS
Total Operating EBITDA EBIT EBT PAT
Operating Profit
Income
(11.95) (12.44)
21.19
17.01
(19.73) (20.20)
7.75
5.85
(24.28)
(25.24)
June ' 12 September ' 12 TTM Growth (%)
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14. Company Analysis Report Write Us: info@moneygurukul.com
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DLF Ltd
Technical Indicators
Price 220.20 AS On: 07/12/2012
EMA(13) 210.67 ADX 12.00
EMA(26) 210.21 DX 42.00
EMA(50) 209.10 +DI 30.00
EMA(200) 212.25 -DI 12.00
RSI(14) 82.24 %K(Fast) 76.07
MACD 0.46 %K(Slow) 92.02
William(%R) -23.93 %d(Slow) 97.34
Price Chart
300 25000000
250
20000000
200
15000000
150
10000000
100
5000000
50
0 0
10-Jul 20-Sep 5-Dec
#REF! #REF! EMA(200) EMA(50)
10.00
5.00
0.00
-5.00
MACD Signal line
100
80
60
40
20
0
RSI(14)
© 2012, mymoneygurukul.com All Rights Reserved. No part of this document can be copied, altered, reproduced or transmitted without
explicitwritten permission. For more information write to us: info@mymoneygurukul.com. 14