Delta Manufacturing Ltd

Delta Manufact. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Delta Manufacturing Ltd

₹ 88.0 0.28%
04 Oct - close price
deltamagnets.com BSE: 504286 NSE - BE : DELTAMAGNT
About

Incorporated in 1982, Delta Manufacturing Ltd manufactures hard ferrites, soft ferrites, textile woven labels, fabric printed labels and elastic / woven tape[1]

Key Points

Business Overview:[1][2]
Company manufactures hard ferrite magnets, ring magnets, segment magnets, etc. for Loud speakers, arc magnets for automobiles, flat rectangular shaped magnets for various other applications and Isotropic rings for DC motor, dynamo etc. It has 2 primary business lines, viz.:
a) Manufacture and supply of magnets to tier 1 suppliers of all the two wheeler, three wheeler, passenger vehicles, electronic components and aerospace OEMs in India and worldwide, which we undertake through its magnet division.
b) Design, manufacture and supply of garment trims in India i.e. woven labels, heat transfers, fabric printed labels, elastic & non-elastic tapes primarily to major garment / textile companies in India

Website BSE NSE - BE
  • Market Cap ₹ 94.3 Cr.
  • Current Price ₹ 88.0
  • High / Low ₹ 118 / 61.2
  • Stock P/E
  • Book Value ₹ 31.4
  • Dividend Yield 0.00 %
  • ROCE -10.9 %
  • ROE -33.3 %
  • Face Value ₹ 10.0
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Pros

  • Company's working capital requirements have reduced from 101 days to 79.1 days

Cons

  • Stock is trading at 2.80 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -35.7% over last 3 years.

* 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: Consumer Durables Industry: Electronics - Components

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
5.12 18.55 22.03 25.27 18.08 21.16 24.75 24.95 21.04 17.48 21.39 19.72 21.08
8.21 19.10 21.71 22.64 18.93 20.69 25.29 27.57 21.60 20.55 22.46 20.81 21.71
Operating Profit -3.09 -0.55 0.32 2.63 -0.85 0.47 -0.54 -2.62 -0.56 -3.07 -1.07 -1.09 -0.63
OPM % -60.35% -2.96% 1.45% 10.41% -4.70% 2.22% -2.18% -10.50% -2.66% -17.56% -5.00% -5.53% -2.99%
0.16 0.15 0.11 -0.02 26.57 0.06 12.07 -0.13 7.26 0.30 0.22 0.94 3.36
Interest 1.41 1.68 1.85 1.50 1.14 0.89 1.12 1.30 0.77 0.95 1.01 1.07 0.98
Depreciation 1.43 1.38 1.14 1.08 1.06 1.03 1.00 1.13 1.18 1.28 1.21 1.18 1.17
Profit before tax -5.77 -3.46 -2.56 0.03 23.52 -1.39 9.41 -5.18 4.75 -5.00 -3.07 -2.40 0.58
Tax % 3.12% 2.60% -9.38% -10,000.00% 11.35% 4.32% 22.95% 37.26% 42.95% -0.40% -1.30% -1.67% -1.72%
-5.59 -3.38 -2.81 3.02 20.85 -1.33 7.25 -3.26 2.72 -5.02 -3.12 -2.45 0.58
EPS in Rs -5.15 -3.11 -2.59 2.78 19.21 -1.23 6.68 -3.00 2.51 -4.63 -2.88 -2.26 0.53
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
13 14 15 18 17 18 23 57 91 71 89 80 80
12 14 15 17 17 18 22 55 93 72 92 85 86
Operating Profit 0 0 -0 2 -0 0 1 2 -2 -1 -4 -6 -6
OPM % 3% 3% -0% 9% -2% 2% 4% 4% -2% -1% -4% -7% -7%
0 0 0 0 1 1 1 1 1 0 39 9 5
Interest 0 0 0 0 0 1 1 3 6 6 4 4 4
Depreciation 1 1 1 0 0 1 1 3 6 5 4 5 5
Profit before tax -1 -1 -1 1 -0 -1 -0 -3 -14 -12 26 -6 -10
Tax % 0% 0% -3% 20% 11% -2% 132% -2% -1% 26% 11% -37%
-1 -1 -1 1 -0 -1 0 -3 -14 -9 24 -8 -10
EPS in Rs -0.91 -1.75 1.64 -0.53 -1.95 0.09 -5.16 -12.52 -8.06 21.67 -7.24 -9.24
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 28%
3 Years: -4%
TTM: -13%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 2%
TTM: -16%
Stock Price CAGR
10 Years: 10%
5 Years: 0%
3 Years: 68%
1 Year: 18%
Return on Equity
10 Years: -18%
5 Years: -31%
3 Years: -36%
Last Year: -33%

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
5 6 6 6 6 6 6 11 11 11 11 11
Reserves 16 18 17 19 18 23 23 31 17 8 32 23
14 12 13 12 13 10 12 53 59 61 47 40
2 3 3 5 6 10 12 31 26 30 25 31
Total Liabilities 37 39 39 41 43 49 53 122 113 110 115 105
16 17 16 17 17 21 20 49 50 46 44 50
CWIP 1 1 1 0 0 0 0 5 0 0 5 0
Investments 14 14 14 14 14 16 16 13 9 7 5 6
6 7 9 10 11 12 17 55 54 57 61 49
Total Assets 37 39 39 41 43 49 53 122 113 110 115 105

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
2 -0 -1 2 1 2 2 -8 -2 1 -6 2
-1 -1 0 -1 -1 -2 -2 -7 3 0 31 4
-2 1 1 -1 1 -0 1 17 -2 -2 -21 -10
Net Cash Flow -1 0 -0 0 0 -0 0 2 -2 0 3 -3

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 75 87 114 96 122 106 85 180 103 135 111 95
Inventory Days 462 585 321 267 330 405 225 349 171 229 176 232
Days Payable 119 285 281 296 488 722 450 282 122 202 138 170
Cash Conversion Cycle 418 386 155 66 -36 -212 -141 248 151 162 149 157
Working Capital Days 97 99 116 112 129 83 97 151 102 118 106 79
ROCE % -1% -1% -2% 4% -0% 0% 3% -0% -8% -6% -8% -11%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
70.71% 70.71% 71.23% 71.23% 71.23% 71.23% 71.23% 71.23% 71.23% 72.08% 72.08% 72.08%
0.10% 0.10% 0.09% 0.09% 0.09% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08%
29.19% 29.19% 28.68% 28.68% 28.68% 28.69% 28.69% 28.69% 28.68% 27.84% 27.84% 27.83%
No. of Shareholders 14,79914,46314,08313,93913,70513,64614,21714,08914,05514,26414,33914,146

* 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.

Documents

Announcements

Annual reports