Skip to content
Smart Money
Create free account Log in

Real Estate Investment Trust

DCR Dolmen City REIT

Latest results: FY2026 · Jun 2026

Watch DCR · free results alerts

Last close · 16 Oct 2026

Rs 39.81 -0.20%

Valuation · at the close on 16 Oct 2026

Dolmen City REIT (DCR) valuation

At Rs 39.81 (close on 16 Oct 2026) DCR trades at 7.0× earnings (FY2026), above its five-year average of 5.0× and above the Real Estate Investment Trust median of 7.0×. The shares are priced at 1.06× book value (sector median 1.06×). Enterprise value of Rs 86.2 bn is 15.1× EBITDA.

P/E · today
7.0×
FY2026
5-yr average5.0× Sector median7.0×
P/B · today
1.06×
FY2026
5-yr average0.66× Sector median1.06×
EV/EBITDA · today
15.1×
5-yr average10.7× Sector median15.1×
Dividend yield · today
0.0%
FY2026
5-yr average9.0% Payers' median—

Market value Rs 88.5 bn at Rs 39.81. Sector medians use the latest close of 3 Real Estate Investment Trust companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

P/E history P/E at fiscal year-end 5-year average
P/E history 8.1× 4.1× 0.0× P/E at fiscal year-end FY17: 6.9× P/E at fiscal year-end FY18: 5.7× P/E at fiscal year-end FY19: 3.3× P/E at fiscal year-end FY20: 3.0× P/E at fiscal year-end FY21: 2.8× P/E at fiscal year-end FY22: 3.1× P/E at fiscal year-end FY23: 3.3× P/E at fiscal year-end FY24: 4.5× P/E at fiscal year-end FY25: 7.5× P/E at fiscal year-end FY26: 6.7× FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26

Valuation history

At each fiscal year-end price.

DCR valuation history (annual) (Rs bn)
Rs bn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022 FY2021 Jul 2020 – Jun 2021 FY2020 Jul 2019 – Jun 2020 FY2019 Jul 2018 – Jun 2019 FY2018 Jul 2017 – Jun 2018 FY2017 Jul 2016 – Jun 2017 FY2016 Jul 2015 – Jun 2016 FY2015 Jul 2014 – Jun 2015
Market capitalisation 85.5 60.1 36.6 30.4 30.1 24.5 24.2 22.6 28.7 26.3 24.0 24.5
Enterprise value 83.2 57.7 34.7 28.5 28.5 23.1 23.1 21.0 27.2 23.1 21.2 23.6
Share price (period end) Rs 38.45 27.01 16.45 13.68 13.52 11.02 10.89 10.17 12.90 11.83 10.80 11.01
P/E (diluted) 6.75× 7.52× 4.49× 3.27× 3.08× 2.85× 2.98× 3.29× 5.67× 6.95× 1.35× 144.03×
Price to book 1.02× 0.79× 0.50× 0.44× 0.47× 0.43× 0.47× 0.49× 0.68× 0.63× 0.60× 1.08×
Price to sales 13.05× 10.22× 7.09× 6.65× 7.92× 7.94× 8.17× 6.41× 8.81× 8.74× 9.01× 122.45×
EV / EBITDA 14.54× 12.29× 8.29× 7.47× 8.69× 8.60× 9.37× 7.25× 10.22× 9.31× 9.58× 138.75×
EV / Sales 12.68× 9.82× 6.73× 6.23× 7.50× 7.50× 7.79× 5.95× 8.35× 7.68× 7.95× 117.88×
Dividend yield (gross) 6.6% 7.8% 12.2% 9.6% 13.5% 8.3% 8.3% 0.0% 0.0% 0.0% 0.0% 0.0%
Free cash flow yield 6.4% 8.2% 11.1% 12.7% 10.9% 10.8% 9.8% 12.7% 9.4% 9.6% 8.5% 1.5%
PEG ratio 0.12× (4.13×) (0.36×) (0.68×) 0.23× 0.47× 0.16× 0.09× 0.17× (0.09×) 0.00× —
P/E (diluted, normalised) 14.97× 12.24× 8.10× 7.48× 9.18× 9.11× 9.11× 7.45× 10.33× 10.09× 10.35× 144.03×
Price to book — 5-year average 0.66× 0.53× 0.46× 0.46× 0.50× 0.53× 0.57× 0.65× — — — —
EV / EBITDA — 5-year average 10.72× 9.24× 8.39× 8.20× 8.78× 8.91× 9.09× 11.14× — — — —
Dividend yield — 5-year average 9.0% 10.0% 10.6% 8.4% 6.2% 3.2% 1.6% 0.0% — — — —

DCR valuation: frequently asked questions

What is DCR's P/E ratio?

At the closing price of Rs 39.81 on 16 Oct 2026, DCR trades at a P/E of 7.0× based on EPS of Rs 5.70 (FY2026).

What is DCR's book value per share?

Dolmen City REIT's book value per share was Rs 37.56 at the end of FY2026. The shares trade at 1.06× book value.

Information only, not investment advice.