Delton Cables Ltd

Delton Cables Ltd

₹ 454 -2.00%
21 Jun - close price
About

Incorporated in 1948, Delton Cables Ltd is a manufacturer of cables, wires, and switchgear products.[1]

Key Points

Product Portfolio:[1]
a) Wire & Cables:
Power & Control Cables, Instrumentation Cables, Building Wires, Flexible Cables, Medium Voltage Cables, Abc Cables, Railway Signaling Cables, Solar Ac/dc Cables, Cat 5/ Cat 6 / Lan Cables (Utp & Stp), Rubber Cable, Lead Sheath Cables, Telephone Cables, Aerial Self Supporting Telephone Cables, Drop Wire, Coaxial Cables, Welding Cable, Cathodic Protection Cables, Thermocouple & Compensating Cables, Special Cables
b) Switchgear:
Mcb, Mcb Isolator, Mcb Changeover, Rccb, Mccb, Onload Changeover Switch, Off Load Changeover Switch, Load Break Changeover Switch, By Pass Changeover, Sp&n Horizontal Db, Sp&n Horizontal With Acrylic Window Db, Tp&n Horizontal Db, Tp&n Horizontal Double Door Db, Mcb Enclosures, Phase Selector Db, Vertical Tp&n Db, Multitier Db, Row Type Distribution Boards, Plug & Socket

  • Market Cap 393 Cr.
  • Current Price 454
  • High / Low 493 / 73.8
  • Stock P/E 40.3
  • Book Value 82.6
  • Dividend Yield 0.00 %
  • ROCE 18.4 %
  • ROE 15.2 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 27.9% CAGR over last 5 years

Cons

  • Stock is trading at 5.50 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.29% over last 3 years.
  • Earnings include an other income of Rs.8.42 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Cables Industry: Cables - Power

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
41.73 30.41 39.80 41.48 47.97 64.44 59.52 67.69 80.50 69.53 89.87 109.67 131.78
38.48 29.67 35.79 40.93 41.05 59.70 54.62 62.27 77.35 64.58 82.13 101.50 123.91
Operating Profit 3.25 0.74 4.01 0.55 6.92 4.74 4.90 5.42 3.15 4.95 7.74 8.17 7.87
OPM % 7.79% 2.43% 10.08% 1.33% 14.43% 7.36% 8.23% 8.01% 3.91% 7.12% 8.61% 7.45% 5.97%
0.48 0.15 0.10 0.09 0.25 0.46 0.04 0.29 0.62 0.32 0.48 1.44 6.18
Interest 2.45 2.34 2.51 2.58 2.94 2.66 3.12 3.47 2.47 3.41 4.61 4.66 5.14
Depreciation 0.41 0.44 0.28 0.31 0.37 0.31 0.31 0.32 0.32 0.30 0.31 0.37 0.58
Profit before tax 0.87 -1.89 1.32 -2.25 3.86 2.23 1.51 1.92 0.98 1.56 3.30 4.58 8.33
Tax % 89.66% 14.29% -7.58% 11.56% 23.83% -7.17% 37.75% 18.23% 541.84% 18.59% -1.21% 18.34% 24.37%
0.08 -1.61 1.42 -1.99 2.94 2.40 0.94 1.57 -4.33 1.27 3.33 3.74 6.31
EPS in Rs 0.09 -1.86 1.64 -2.30 3.40 2.78 1.09 1.82 -5.01 1.47 3.85 4.33 7.30
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
116 108 131 93 106 73 71 126 123 159 272 401
109 104 123 91 104 76 71 114 114 147 254 372
Operating Profit 7 4 8 2 2 -3 0 12 10 12 18 29
OPM % 6% 3% 6% 3% 2% -5% 1% 10% 8% 7% 7% 7%
-1 1 2 9 1 -0 59 3 2 1 1 8
Interest 8 7 9 10 11 12 12 8 8 10 12 18
Depreciation 1 1 1 1 1 1 0 1 2 1 1 2
Profit before tax -4 -4 -0 0 -9 -16 47 6 1 1 7 18
Tax % 28% 31% -43% -111% 17% 18% -8% -5% 52% 27% 91% 18%
-3 -3 -1 1 -7 -13 50 6 1 1 1 15
EPS in Rs -3.27 -3.02 -0.76 1.09 -8.32 -15.16 58.31 6.82 0.72 0.89 0.67 16.97
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 41%
3 Years: 48%
TTM: 47%
Compounded Profit Growth
10 Years: 19%
5 Years: 28%
3 Years: 157%
TTM: 1607%
Stock Price CAGR
10 Years: 38%
5 Years: 92%
3 Years: 101%
1 Year: 482%
Return on Equity
10 Years: -5%
5 Years: 6%
3 Years: 6%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 3 9 9 9 9 9 9 9 9 9 9
Reserves 21 18 12 12 4 -10 40 46 47 47 48 63
45 50 53 61 64 69 55 47 62 71 82 113
25 30 32 25 31 30 40 34 26 34 46 83
Total Liabilities 94 101 105 107 107 98 144 135 143 161 184 267
9 8 7 6 4 3 5 10 11 10 11 18
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
84 93 98 101 103 95 139 125 132 150 174 250
Total Assets 94 101 105 107 107 98 144 135 143 161 184 267

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 1 3 -7 6 7 -29 -15 -8 1 2 -27
0 0 1 8 1 1 57 34 -2 -0 -1 10
-12 -1 -5 -0 -20 6 -26 -14 6 -1 -1 20
Net Cash Flow 0 0 -0 1 -12 13 2 6 -4 -1 0 3

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 113 141 117 147 145 136 162 75 99 80 69 87
Inventory Days 140 155 140 223 188 317 266 245 259 245 151 132
Days Payable 89 122 97 122 116 161 174 104 87 89 65 88
Cash Conversion Cycle 165 174 160 247 216 292 255 216 272 236 154 131
Working Capital Days 171 187 167 259 215 265 172 169 234 206 144 130
ROCE % 9% 5% 11% 3% 3% -5% 2% 13% 9% 9% 14%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.80% 73.80% 73.80% 73.80% 73.80% 73.78% 73.61% 73.61% 73.58% 73.58% 73.58% 73.58%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
26.18% 26.18% 26.18% 26.18% 26.18% 26.18% 26.37% 26.36% 26.40% 26.40% 26.39% 26.40%
No. of Shareholders 5,9455,7235,5635,6455,6415,5815,4965,5455,5635,5925,2725,232

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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