Delphi World Money Ltd
Incorporated in 1985, Delphi World Money
Ltd is in the business of Foreign Exchange services and related activities[1]
- Market Cap ₹ 319 Cr.
- Current Price ₹ 13.0
- High / Low ₹ 18.4 / 6.70
- Stock P/E 30.8
- Book Value ₹ 9.40
- Dividend Yield 0.00 %
- ROCE 7.24 %
- ROE -4.02 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -13.7%
- The company has delivered a poor sales growth of -16.4% over past five years.
- Company has a low return on equity of 3.46% over last 3 years.
- Contingent liabilities of Rs.131 Cr.
- Earnings include an other income of Rs.12.5 Cr.
- Company has high debtors of 157 days.
* 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
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,695 | 4,464 | 4,787 | 5,992 | 7,696 | 9,164 | 181 | 118 | 72 | 98 | 97 | 74 | 48 | |
| 4,649 | 4,420 | 4,737 | 5,940 | 7,637 | 9,201 | 76 | 54 | 54 | 75 | 70 | 55 | 40 | |
| Operating Profit | 46 | 44 | 50 | 52 | 59 | -37 | 105 | 64 | 18 | 23 | 27 | 19 | 7 |
| OPM % | 1% | 1% | 1% | 1% | 1% | -0% | 58% | 55% | 25% | 24% | 28% | 26% | 16% |
| 0 | 2 | 3 | -0 | 4 | 10 | -0 | 0 | 1 | 2 | -1 | -13 | 12 | |
| Interest | 13 | 11 | 13 | 11 | 7 | 4 | 12 | 6 | 4 | 3 | 3 | 3 | 2 |
| Depreciation | 4 | 5 | 5 | 5 | 4 | 3 | 32 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 29 | 29 | 35 | 36 | 52 | -34 | 60 | 58 | 14 | 21 | 23 | 2 | 17 |
| Tax % | 36% | 37% | 38% | 37% | 34% | -60% | 35% | 30% | 43% | 30% | 33% | 1% | |
| 18 | 19 | 22 | 23 | 34 | -14 | 39 | 41 | 8 | 15 | 15 | 2 | 10 | |
| EPS in Rs | 0.72 | 0.73 | 0.86 | 0.90 | 1.34 | -0.56 | 1.60 | 1.66 | 0.32 | 0.61 | 0.62 | 0.08 | 0.42 |
| Dividend Payout % | 47% | 47% | 40% | 15% | 3% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -34% |
| 5 Years: | -16% |
| 3 Years: | 1% |
| TTM: | -17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | -14% |
| 3 Years: | -12% |
| 1 Year: | 31% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 7% |
| 3 Years: | 3% |
| Last Year: | -4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 70 | 78 | 89 | 125 | 175 | 94 | 132 | 173 | 181 | 196 | 211 | 212 | 220 |
| 144 | 85 | 78 | 63 | 119 | 56 | 75 | 33 | 31 | 1 | 31 | 28 | 11 | |
| 109 | 97 | 90 | 102 | 103 | 132 | 40 | 74 | 79 | 99 | 67 | 58 | 50 | |
| Total Liabilities | 335 | 271 | 268 | 301 | 408 | 293 | 259 | 292 | 302 | 306 | 320 | 309 | 291 |
| 47 | 42 | 38 | 39 | 39 | 8 | 55 | 5 | 4 | 3 | 3 | 4 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 27 | 26 | 29 | 54 | 80 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 171 |
| 261 | 204 | 201 | 209 | 289 | 285 | 204 | 286 | 298 | 303 | 318 | 306 | 117 | |
| Total Assets | 335 | 271 | 268 | 301 | 408 | 293 | 259 | 292 | 302 | 306 | 320 | 309 | 291 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -3 | 72 | 13 | 24 | 65 | -6 | 23 | 32 | 29 | 40 | -32 | -4 | |
| -21 | -1 | -9 | -8 | 19 | 16 | -5 | -2 | -27 | -18 | -17 | 37 | |
| 52 | -68 | -28 | -14 | -11 | -43 | -73 | 1 | -5 | -33 | 28 | -7 | |
| Net Cash Flow | 28 | 2 | -24 | 2 | 73 | -32 | -56 | 31 | -4 | -10 | -21 | 26 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 10 | 7 | 6 | 6 | 3 | 1 | 25 | 165 | 245 | 173 | 220 | 157 |
| Inventory Days | 2 | 1 | 1 | 1 | 1 | 1 | ||||||
| Days Payable | 5 | 5 | 4 | 4 | 2 | 2 | ||||||
| Cash Conversion Cycle | 7 | 3 | 3 | 4 | 2 | 0 | 25 | 165 | 245 | 173 | 220 | 157 |
| Working Capital Days | -3 | -2 | 0 | 2 | -4 | 0 | 134 | 420 | 773 | 585 | 799 | 457 |
| ROCE % | 21% | 21% | 27% | 26% | 23% | -6% | 39% | 29% | 8% | 11% | 11% | 7% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Q3-FY26 adjusted revenue INR 547 Mn; adjusted EBITDA INR 52.5 Mn; FY26 EBITDA ~INR 240 Mn; FY27 ~INR 480 Mn.
- Outcome Of Board Meeting Held On Saturday, February 21, 2026 21 Feb
-
Board Meeting Outcome for Outcome Of Board Meeting Held On Saturday, February 21, 2026
21 Feb - Board approved Q3 results; auditor qualified over Rs337.5m ICD; ED penalty Rs329.07m; postal ballot for approval.
-
Board Meeting Intimation for Intimation Of Board Meeting To Be Held On Saturday, February 21, 2026
20 Feb - Board meeting Feb 21, 2026 to approve unaudited Q3/9M results; trading window closed.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1][2]
DWML is an RBI-licensed Authorised Dealer Category II-Money Changer. It is a Foreign Exchange Services company that provides customized and integrated financial solutions relating to money changers, principal agents for leading remittance services companies, distribution of third-party financial products, and other travel and tourism-related services needs of its corporate and retail clients.