Delta Manufacturing Ltd
Incorporated in 1982, Delta Manufacturing Ltd manufactures hard ferrites, soft ferrites, textile woven labels, fabric printed labels and elastic / woven tape[1]
- Market Cap ₹ 101 Cr.
- Current Price ₹ 93.0
- High / Low ₹ 133 / 67.0
- Stock P/E
- Book Value ₹ 29.3
- Dividend Yield 0.00 %
- ROCE -10.9 %
- ROE -33.3 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 101 days to 79.1 days
Cons
- Stock is trading at 3.17 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -35.7% over last 3 years.
- Earnings include an other income of Rs.4.76 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: Consumer Durables Industry: Electronics - Components
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
12.58 | 14.08 | 15.03 | 18.27 | 16.73 | 18.06 | 23.25 | 56.80 | 90.84 | 70.96 | 88.94 | 79.63 | 82.01 | |
12.23 | 13.62 | 15.07 | 16.59 | 17.00 | 17.77 | 22.23 | 54.61 | 93.10 | 71.66 | 92.48 | 85.44 | 84.74 | |
Operating Profit | 0.35 | 0.46 | -0.04 | 1.68 | -0.27 | 0.29 | 1.02 | 2.19 | -2.26 | -0.70 | -3.54 | -5.81 | -2.73 |
OPM % | 2.78% | 3.27% | -0.27% | 9.20% | -1.61% | 1.61% | 4.39% | 3.86% | -2.49% | -0.99% | -3.98% | -7.30% | -3.33% |
0.23 | 0.08 | 0.20 | 0.39 | 0.69 | 0.65 | 1.08 | 0.82 | 0.81 | 0.40 | 38.57 | 8.72 | 4.76 | |
Interest | 0.40 | 0.17 | 0.30 | 0.38 | 0.39 | 1.38 | 1.48 | 3.12 | 6.11 | 6.44 | 4.45 | 3.79 | 4.20 |
Depreciation | 0.99 | 0.92 | 0.90 | 0.36 | 0.41 | 0.79 | 0.81 | 3.17 | 5.96 | 5.03 | 4.22 | 4.85 | 4.59 |
Profit before tax | -0.81 | -0.55 | -1.04 | 1.33 | -0.38 | -1.23 | -0.19 | -3.28 | -13.52 | -11.77 | 26.36 | -5.73 | -6.76 |
Tax % | -0.00% | -0.00% | -2.88% | 20.30% | 10.53% | -2.44% | 131.58% | -1.83% | -0.52% | 25.74% | 10.81% | -37.35% | |
-0.81 | -0.55 | -1.06 | 1.06 | -0.34 | -1.26 | 0.06 | -3.34 | -13.59 | -8.75 | 23.51 | -7.86 | -6.83 | |
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 | -6.30 | |
Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 28% |
3 Years: | -4% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 2% |
TTM: | 47% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 5% |
3 Years: | 44% |
1 Year: | 38% |
Return on Equity | |
---|---|
10 Years: | -18% |
5 Years: | -32% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4.86 | 6.07 | 6.07 | 6.47 | 6.47 | 6.47 | 6.47 | 6.47 | 10.85 | 10.85 | 10.85 | 10.85 | 10.85 |
Reserves | 16.22 | 17.77 | 16.64 | 18.57 | 18.23 | 22.88 | 23.06 | 30.78 | 17.12 | 8.37 | 31.84 | 23.28 | 20.97 |
14.00 | 12.15 | 13.15 | 11.73 | 12.76 | 9.58 | 11.81 | 53.02 | 58.85 | 61.23 | 47.39 | 40.19 | 39.56 | |
1.93 | 3.07 | 3.36 | 4.64 | 5.52 | 9.83 | 11.98 | 31.34 | 25.86 | 29.51 | 25.33 | 30.53 | 28.08 | |
Total Liabilities | 37.01 | 39.06 | 39.22 | 41.41 | 42.98 | 48.76 | 53.32 | 121.61 | 112.68 | 109.96 | 115.41 | 104.85 | 99.46 |
16.31 | 16.65 | 16.02 | 16.58 | 17.31 | 20.75 | 20.50 | 48.71 | 49.92 | 45.92 | 43.69 | 49.80 | 47.52 | |
CWIP | 0.93 | 0.57 | 0.56 | 0.47 | 0.39 | 0.36 | 0.12 | 5.31 | -0.00 | -0.00 | 5.02 | 0.03 | 0.41 |
Investments | 13.98 | 14.40 | 14.06 | 13.98 | 13.98 | 15.61 | 15.61 | 12.77 | 8.65 | 6.96 | 5.37 | 5.67 | 4.50 |
5.79 | 7.44 | 8.58 | 10.38 | 11.30 | 12.04 | 17.09 | 54.82 | 54.11 | 57.08 | 61.33 | 49.35 | 47.03 | |
Total Assets | 37.01 | 39.06 | 39.22 | 41.41 | 42.98 | 48.76 | 53.32 | 121.61 | 112.68 | 109.96 | 115.41 | 104.85 | 99.46 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.27 | -0.04 | -0.79 | 2.03 | 0.82 | 2.19 | 1.60 | -8.47 | -2.35 | 1.34 | -6.42 | 2.37 | |
-1.31 | -1.33 | 0.09 | -1.49 | -1.39 | -2.22 | -2.43 | -6.65 | 2.89 | 0.38 | 30.52 | 4.40 | |
-1.59 | 1.39 | 0.69 | -0.53 | 0.64 | -0.04 | 0.84 | 16.87 | -2.22 | -1.69 | -21.35 | -9.59 | |
Net Cash Flow | -0.63 | 0.02 | -0.01 | 0.01 | 0.07 | -0.07 | 0.01 | 1.76 | -1.68 | 0.03 | 2.75 | -2.82 |
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 | 75.15 | 86.58 | 114.38 | 95.50 | 122.39 | 106.10 | 84.77 | 180.38 | 102.74 | 135.28 | 110.89 | 95.25 |
Inventory Days | 461.84 | 584.97 | 321.32 | 267.11 | 329.73 | 404.72 | 224.70 | 349.07 | 170.53 | 228.96 | 175.63 | 231.93 |
Days Payable | 119.18 | 285.23 | 280.77 | 296.48 | 488.43 | 722.44 | 450.50 | 281.72 | 122.46 | 202.21 | 137.69 | 169.96 |
Cash Conversion Cycle | 417.80 | 386.32 | 154.94 | 66.13 | -36.30 | -211.62 | -141.02 | 247.73 | 150.81 | 162.03 | 148.82 | 157.22 |
Working Capital Days | 97.49 | 98.77 | 115.84 | 111.88 | 129.38 | 82.66 | 97.02 | 150.76 | 101.66 | 117.64 | 106.25 | 79.07 |
ROCE % | -1.25% | -1.04% | -2.14% | 4.46% | -0.13% | 0.39% | 3.21% | -0.47% | -8.57% | -6.37% | -8.47% | -10.94% |
Documents
Announcements
- Board Meeting Outcome for Outcome Of Board Meeting 2d
- Board Meeting Outcome for Outcome Of Board Meeting 2d
- Closure of Trading Window 26 Mar
- Adoption And Approval Of Un-Audited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended 31St December, 2023. 9 Feb
- Board Meeting Outcome for Outcome Of Board Meeting 9 Feb
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from nse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
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