Reality major, DLF has announced its second quarter results today. Its second quarter total sales were up at Rs.2,369 cr versus Rs.1,750.9 cr last, YOY (year on year basis). Also, its consolidated net profit was down at Rs 418.4 cr versus Rs 439.7 cr a fall of about 5%, YoY. The company’s trailing 12-month (TTM) EPS was found to be at Rs.5.15 per share (slightly lower than expected). The stock’s price-to-earnings (P/E) ratio was 70.38 (Very high value again). The latest book value of the company is calculated to be Rs.75.58 per share. At current market price, the price-to-book value of the company was 4.8. The dividend yield of the company was just 0.55%.
Our View on DLF:
The fundamentals of this stock shows, its highly overpriced and in our openion it should be avoided.