DLF Ltd. benchmarking: Perfomance to industry peers

Financial

	DLF	Lodha Developers	Prestige EstatesProj
Operational Metrics
Real Estate
Leasable Area	48.7 Mn Sqft	3.5 Mn Sqft	14.17 Mn Sqft
Residential Projects Under Construction	2.2 Mn Sqft	39.84 Mn Sqft	96.0 Mn Sqft
Non-Residential Area Under Construction	25.0 Mn Sqft	2.8 Mn Sqft	26.0 Mn Sqft
Occupancy Rate - Commercial Real Estate	94.0 %	13.51 %	n/a
Cost of Borrowing	7.3 %	8.0 %	9.61 %
Financials
5 yr Average ROE	5.96 %	7.44 %	14.41 %
5yr average Equity Multiplier	1.48	3.98	3.6
5yr Average Asset Turnover Ratio	0.11	0.22	0.2
5yr Avg Net Profit Margin	35.85 %	10.8 %	18.31 %
Price to Book	4.14	5.22	4.6
P/E	41.6	33.34	95.11
5yr Avg Cash Conversion Cycle	839.04 Days	1357.74 Days	1649.03 Days
Inventory Days	1224.58 Days	1239.1 Days	794.55 Days
Days Receivable	29.49 Days	20.88 Days	64.08 Days
Days Payable	227.14 Days	131.51 Days	62.27 Days
5yr Average Interest Coverage Ratio	4.68	3.83	3.05
5yr Avg ROCE	5.17 %	15.75 %	12.87 %
5yr Avg Operating Profit Margin	29.28 %	18.29 %	28.53 %
5 yr average Debt to Equity	0.12	1.28	0.75
5yr CAGR Net Profit	31.91 %	133.11 %	-30.0 %
5yr Average Return on Assets	3.97 %	2.67 %	4.27 %
Shareholdings
Promoter Holding	74.08 %	71.87 %	60.94 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.87 %	-10.33 %	-4.54 %
Change in Mutual Fund Holding (3 Yrs)	0.46 %	1.19 %	9.55 %

	DLF	Lodha Developers	Prestige EstatesProj
Product Wise Break-Up	Product Wise Break-Up Real Estate 55.67 Rental Income 33.52 Services, maintenance and power generation 10.8 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 0 Residential and commercial projects 0 Sale of Land / Development rights 9.34 Rental Income 0 Income from property development 88.61 Contractual Projects 0 0 Real Estate 0 0 0 Sale of Building Materials 0.32 Income from lease rentals 0.94 Others 0.79	Product Wise Break-Up 0 Residential 81.84 Sale of Land / Development rights 0 Rental Income 0 Income from property development 0 Contractual Projects 1.14 Hospitality 7.53 Real Estate 0 Rental Income 7.96 0 Sale of Building Materials 0 Income from lease rentals 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 India 0 Domestic 100.0 International 0 Rest of the World 0	Location Wise Break-Up India 100.0 Domestic 0 International 0 Rest of the World 0
Customer Wise Break-Up	Customer Wise Break-Up Others 100	-	-
Customer Wise Break-Up	Customer Wise Break-Up Others 100	-	-