Delphi World Money Ltd

₹ 234 1.69%

26 Apr - close price

weizmannforex.com BSE: 533452 NSE : DELPHIFX

About

Incorporated in 1985, Delphi World Money
Ltd is in the business of Foreign Exchange services and related activities^[1]

Key Points

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.

Website BSE NSE

Market Cap ₹ 260 Cr.
Current Price ₹ 234
High / Low ₹ 475 / 216
Stock P/E 15.4
Book Value ₹ 193
Dividend Yield 0.00 %
ROCE 11.2 %
ROE 7.54 %
Face Value ₹ 10.0

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of -58.2% over past five years.
Company has a low return on equity of 11.6% over last 3 years.
Earnings include an other income of Rs.16.4 Cr.
Company has high debtors of 173 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

Sector: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	33.64	21.64	17.80	16.24	14.86	14.12	20.89	20.74	21.53	23.22	22.57	21.22	21.36
	14.74	15.42	11.85	13.75	14.52	14.65	17.47	18.30	19.71	19.53	18.74	18.81	19.23
Operating Profit	18.90	6.22	5.95	2.49	0.34	-0.53	3.42	2.44	1.82	3.69	3.83	2.41	2.13
OPM %	56.18%	28.74%	33.43%	15.33%	2.29%	-3.75%	16.37%	11.76%	8.45%	15.89%	16.97%	11.36%	9.97%
	1.85	1.77	2.02	2.38	2.64	3.36	2.75	2.96	2.93	4.48	3.15	4.44	4.30
Interest	1.22	1.17	1.12	1.10	0.77	0.37	0.65	0.67	0.55	0.25	0.33	0.57	0.66
Depreciation	0.26	0.40	0.32	0.25	0.24	0.52	0.25	0.25	0.15	0.26	0.21	0.25	0.21
Profit before tax	19.27	6.42	6.53	3.52	1.97	1.94	5.27	4.48	4.05	7.66	6.44	6.03	5.56
Tax %	25.17%	65.58%	43.49%	33.52%	48.22%	55.67%	29.60%	15.85%	40.74%	32.64%	29.81%	35.16%	39.93%
	14.42	2.21	3.69	2.34	1.02	0.87	3.71	3.77	2.41	5.15	4.52	3.90	3.34
EPS in Rs	12.96	1.99	3.32	2.10	0.92	0.78	3.33	3.39	2.17	4.63	4.06	3.50	3.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	4,230	4,469	4,695	4,464	4,787	5,992	7,696	9,164	181	118	72	98	88
	4,193	4,428	4,649	4,420	4,737	5,940	7,637	9,201	76	54	54	75	76
Operating Profit	37	41	46	44	50	52	59	-37	105	64	18	23	12
OPM %	1%	1%	1%	1%	1%	1%	1%	-0%	58%	55%	25%	24%	14%
	12	6	0	2	3	-0	4	10	-0	0	1	2	16
Interest	13	13	13	11	13	11	7	4	12	6	4	3	2
Depreciation	4	4	4	5	5	5	4	3	32	1	1	1	1
Profit before tax	31	30	29	29	35	36	52	-34	60	58	14	21	26
Tax %	33%	32%	36%	37%	38%	37%	34%	60%	35%	30%	43%	30%
	20	20	18	19	22	23	34	-14	39	41	8	15	17
EPS in Rs	17.66	17.69	15.81	16.11	18.91	19.91	29.52	-12.26	35.22	36.65	7.12	13.52	15.19
Dividend Payout %	11%	42%	47%	47%	40%	15%	3%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-32%
5 Years:	-58%
3 Years:	-19%
TTM:	14%

Compounded Profit Growth
10 Years:	-3%
5 Years:	-15%
3 Years:	-28%
TTM:	57%

Stock Price CAGR
10 Years:	10%
5 Years:	-15%
3 Years:	-19%
1 Year:	-28%

Return on Equity
10 Years:	16%
5 Years:	12%
3 Years:	12%
Last Year:	8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	12	12	12	12	12	12	12	11	11	11	11	11	11
Reserves	52	62	70	78	89	125	175	94	132	173	181	196	204
	131	92	144	85	78	63	119	56	75	33	31	1	29
	68	99	109	97	90	102	103	132	40	74	79	99	88
Total Liabilities	262	265	335	271	268	301	408	293	259	292	302	306	332
	51	50	47	42	38	39	39	8	55	5	4	3	3
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	4	6	27	26	29	54	80	0	0	0	0	0	0
	207	209	261	204	201	209	289	285	204	286	298	303	329
Total Assets	262	265	335	271	268	301	408	293	259	292	302	306	332

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-17	41	-3	72	13	24	65	-6	23	32	29	40
	1	-1	-21	-1	-9	-8	19	16	-5	-2	-27	-18
	18	-57	52	-68	-28	-14	-11	-43	-73	1	-5	-33
Net Cash Flow	2	-18	28	2	-24	2	73	-32	-56	31	-4	-10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	7	7	10	7	6	6	3	1	25	165	245	173
Inventory Days	2	2	2	1	1	1	1	1
Days Payable	3	5	5	5	4	4	2	2
Cash Conversion Cycle	5	4	7	3	3	4	2	0	25	165	245	173
Working Capital Days	6	5	6	2	4	4	1	2	227	420	773	585
ROCE %	26%	24%	21%	21%	27%	26%	23%	-6%	39%	29%	8%	11%

Shareholding Pattern

Numbers in percentages

1 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	89.94%	89.73%	89.62%	89.62%	89.55%	89.55%	89.55%	89.55%	89.55%	89.55%	75.00%	75.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.96%	0.00%
	10.06%	10.27%	10.38%	10.38%	10.45%	10.44%	10.44%	10.45%	10.44%	10.44%	23.02%	24.99%
No. of Shareholders	8,125	8,313	8,479	8,570	8,621	8,534	8,260	8,239	8,002	8,089	10,492	11,034

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	74.77%	74.77%	74.84%	89.94%	89.94%	89.62%	89.55%	75.00%
	0.00%	0.66%	2.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.01%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%
	25.23%	24.56%	22.95%	10.06%	10.06%	10.38%	10.45%	24.99%
No. of Shareholders	8,213	10,235	8,612	7,793	7,793	8,570	8,239	11,034

* 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.

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