DLF Ltd shares have fallen 44% so far this year, which isn’t surprising considering the expected sharp contraction in home sales and yields of commercial real estate.
As one of the largest real estate developers in the country, the company is bound to feel the tremors of covid-19 and the consequent lockdown.
However, analysts say its relatively low leverage and strong cash flows from the commercial segments make DLF well poised to tide over the crisis, compared to peers. Click here to enlarge graphic In this context, the sharp debt reduction from about ₹12,000 crore in Q3 FY18 to ₹4,900 crore in Q3 FY20 by monetizing assets, holds it in good stead.