DLF (NSE:DLF) Interest Coverage: 17.19 (As of Mar. 2026) — 638% Above Median


NSE:DLF DLF Ltd NSE:DLF
87 GF Score
Price ₹621.35
GF Value ₹868.42
Valuation Modestly Undervalued
! 4 Warning Signs
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What is DLF Interest Coverage?

DLF NSE:DLF +0.52% 87 Interest Coverage is 17.19 as of Mar. 2026, which is 638% above its 10-year median of 2.33. GuruFocus rates NSE:DLF with a GF Score™ of 87/100 and a GF Value™ of ₹868.42 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,299 Real Estate companies, DLF ranks better than 60.74% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. DLF's Operating Income for the three months ended in Mar. 2026 was ₹3,625 Mil. DLF's Interest Expense for the three months ended in Mar. 2026 was ₹-211 Mil. DLF's interest coverage for the quarter that ended in Mar. 2026 was 17.19. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for DLF's Interest Coverage or its related term are showing as below:

NSE:DLF' s Interest Coverage Range Over the Past 10 Years
Min: 0.75   Med: 2.33   Max: 6.56
Current: 6.56


NSE:DLF's Interest Coverage is ranked better than
60.74% of 1299 companies
in the Real Estate industry
Industry Median: 4.25 vs NSE:DLF: 6.56

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


DLF  (NSE:DLF) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


DLF Interest Coverage Related Terms


DLF Interest Coverage Historical Data

* Premium members only.

The historical data trend for DLF's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

DLF Interest Coverage Chart

DLF Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.88 4.54 5.55 4.93 6.56

DLF Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.67 4.20 4.02 9.91 17.19

DLF Interest Coverage Competitor Comparison

For the Real Estate - Development subindustry, DLF's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DLF Interest Coverage vs Real Estate Industry

For the Real Estate industry and Real Estate sector, DLF's Interest Coverage distribution charts can be found below:

* The bar in red indicates where DLF's Interest Coverage falls into.


NSE:DLF
87GF Score
DLF Ltd NSE:DLF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DLF Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

DLF's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, DLF's Interest Expense was ₹-1,991 Mil. Its Operating Income was ₹13,060 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,505 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*13059.5/-1990.7
=6.56

DLF's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, DLF's Interest Expense was ₹-211 Mil. Its Operating Income was ₹3,625 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹2,505 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*3625.2/-210.9
=17.19

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 17.19 mean?
DLF (NSE:DLF) has a Interest Coverage of 17.19 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on DLF and its competitors. This is 638% above median its historical median of 2.33. Over the past decade, DLF's Interest Coverage has ranged from 0.75 to 6.56. According to the industry distribution chart, DLF ranks #510 out of 1299 companies in the Real Estate industry, placing it in the top 39.3%.
Is DLF's Interest Coverage too high?
DLF's current Interest Coverage of 17.19 is 638% above median its 10-year median of 2.33. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 6.56. The Real Estate industry median Interest Coverage is 4.25. DLF's value of 17.19 is 304.5% above this industry median. Based on the distribution chart, DLF ranks #510 out of 1299 companies in the Real Estate industry, which is above the industry midpoint. Overall, DLF has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DLF's Interest Coverage compare to competitors?
According to the Real Estate industry distribution chart, DLF ranks #510 out of 1299 companies for Interest Coverage. This puts DLF in the upper half of its industry. The industry median Interest Coverage is 4.25. DLF's value of 17.19 is 304.5% above this benchmark. Historically, DLF's own Interest Coverage has ranged from 0.75 to 6.56 over the past decade. While the company's 10-year median is 2.33 vs. the industry median of 4.25, DLF has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Real Estate company?
The median Interest Coverage among Real Estate companies is 4.25, based on 1,299 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DLF's current Interest Coverage of 17.19 is 304.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on DLF and its competitors. For the Real Estate industry, the median Interest Coverage is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DLF's current Interest Coverage is 17.19, which is 638% above median its own 10-year median of 2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DLF stock overvalued right now?
Based on GuruFocus' analysis, DLF (NSE:DLF) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹868.42, compared to a current price of ₹621.35 — trading 28.5% below its estimated fair value. The current Interest Coverage is 17.19, which is 638% above median its 10-year median of 2.33 and 304.5% above the Real Estate industry median of 4.25. DLF's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For DLF (NSE:DLF), the current Interest Coverage is 17.19 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is DLF (NSE:DLF) Overvalued in 2026?

Based on GuruFocus' analysis, DLF stock appears to be undervalued. The current stock price of ₹621.35 is trading 28.5% below its estimated GF Value™ of ₹868.42. GuruFocus considers DLF to be Modestly Undervalued.

Key valuation signals for NSE:DLF:

  • Interest Coverage: 17.19 (638% above median its 10-year median of 2.33)
  • GF Value™: ₹868.42 vs. price of ₹621.35 (28.5% below fair value)
  • GF Score™: 87/100 with 4 warning signs
  • Industry Position: 304.5% above the Real Estate median (#510 of 1299)

No single metric tells the full story. See the NSE:DLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DLF Business Description

Other Exchanges 532868:India
Address DLF Gateway Tower, R Block, DLF City, Phase - III, Gurugram, HR, IND, 122 002
DLF Ltd is a general real estate company. The company's development business majorly focuses on developing and selling residential real estate. This includes plotted developments, houses, villas, and apartments of varying sizes and integrated townships, with a focus on high-end, luxury residential developments. DLF's business also consists of commercial and shopping complexes. The company considers merger and acquisition investment as a potential component of its operational growth strategy.
87GF Score

Get the complete analysis for NSE:DLF

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹621.35
Price
₹868.42
GF Value