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 ₹ 108 Cr.
- Current Price ₹ 99.8
- High / Low ₹ 133 / 71.1
- Stock P/E
- Book Value ₹ 29.6
- Dividend Yield 0.00 %
- ROCE -9.97 %
- ROE -32.3 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 129 to 95.4 days.
- Company's working capital requirements have reduced from 125 days to 92.6 days
Cons
- Stock is trading at 3.40 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 2.13% over past five years.
- Company has a low return on equity of -19.4% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
44.24 | 43.35 | 50.67 | 56.17 | 55.28 | 60.38 | 71.65 | 100.71 | 124.02 | 70.50 | 87.97 | 79.63 | 82.01 | |
40.32 | 43.08 | 47.40 | 53.44 | 54.06 | 58.45 | 68.24 | 96.18 | 124.19 | 71.10 | 91.45 | 85.44 | 84.76 | |
Operating Profit | 3.92 | 0.27 | 3.27 | 2.73 | 1.22 | 1.93 | 3.41 | 4.53 | -0.17 | -0.60 | -3.48 | -5.81 | -2.75 |
OPM % | 8.86% | 0.62% | 6.45% | 4.86% | 2.21% | 3.20% | 4.76% | 4.50% | -0.14% | -0.85% | -3.96% | -7.30% | -3.35% |
0.67 | 0.47 | 0.53 | 0.49 | -2.38 | 0.39 | 0.87 | 0.48 | 0.91 | 2.33 | 34.27 | -0.15 | 1.68 | |
Interest | 0.67 | 0.40 | 0.77 | 0.91 | 2.82 | 3.95 | 4.83 | 4.64 | 6.12 | 6.44 | 4.45 | 3.79 | 4.20 |
Depreciation | 1.76 | 1.47 | 1.40 | 0.78 | 1.54 | 2.15 | 2.22 | 3.98 | 6.65 | 5.03 | 4.22 | 4.85 | 4.59 |
Profit before tax | 2.16 | -1.13 | 1.63 | 1.53 | -5.52 | -3.78 | -2.77 | -3.61 | -12.03 | -9.74 | 22.12 | -14.60 | -9.86 |
Tax % | -50.93% | 1.77% | -42.94% | 19.61% | -23.37% | -15.34% | -17.69% | 7.48% | -2.41% | 31.11% | 12.88% | -14.66% | |
3.26 | -1.12 | 2.32 | 1.23 | -6.82 | -4.36 | -3.26 | -3.33 | -12.31 | -6.71 | 19.27 | -16.74 | -9.91 | |
EPS in Rs | -1.84 | 3.82 | 1.90 | -10.54 | -6.74 | -5.04 | -5.15 | -11.34 | -6.18 | 17.76 | -15.43 | -9.13 | |
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: | 6% |
5 Years: | 2% |
3 Years: | -14% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -7% |
TTM: | 37% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 8% |
3 Years: | 55% |
1 Year: | 28% |
Return on Equity | |
---|---|
10 Years: | -14% |
5 Years: | -19% |
3 Years: | -19% |
Last Year: | -32% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 22.32 | 23.19 | 24.90 | 27.49 | 20.83 | 21.61 | 18.38 | 43.24 | 31.89 | 25.94 | 44.37 | 26.69 | 21.28 |
16.14 | 15.26 | 16.80 | 28.92 | 37.86 | 36.45 | 44.62 | 56.69 | 62.38 | 66.55 | 47.39 | 40.19 | 39.56 | |
6.89 | 7.93 | 9.99 | 13.37 | 13.37 | 19.86 | 22.87 | 34.05 | 31.87 | 33.22 | 27.09 | 27.61 | 28.14 | |
Total Liabilities | 50.21 | 52.45 | 57.76 | 76.25 | 78.53 | 84.39 | 92.34 | 140.45 | 136.99 | 136.56 | 129.70 | 105.34 | 99.83 |
27.92 | 27.93 | 27.09 | 38.03 | 42.30 | 45.29 | 45.62 | 59.06 | 63.69 | 59.77 | 45.78 | 49.80 | 47.52 | |
CWIP | 0.92 | 0.56 | 0.59 | 4.22 | 0.57 | 0.46 | 0.14 | 5.31 | 0.00 | 0.00 | 5.02 | 0.03 | 0.41 |
Investments | 0.00 | 0.42 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 6.47 | 2.35 | 0.66 | 2.66 | 5.66 | 4.49 |
21.37 | 23.54 | 30.00 | 34.00 | 35.66 | 38.64 | 46.58 | 69.61 | 70.95 | 76.13 | 76.24 | 49.85 | 47.41 | |
Total Assets | 50.21 | 52.45 | 57.76 | 76.25 | 78.53 | 84.39 | 92.34 | 140.45 | 136.99 | 136.56 | 129.70 | 105.34 | 99.83 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3.77 | 0.06 | 0.06 | 4.60 | -4.09 | 2.20 | -1.35 | 1.79 | -0.03 | 3.46 | -3.17 | -4.15 | |
-2.50 | -1.46 | -0.15 | -16.35 | -2.05 | -3.93 | -1.69 | -7.07 | 0.66 | -0.47 | 42.83 | -3.25 | |
-3.29 | 1.65 | 0.81 | 12.58 | 6.32 | 0.05 | 4.30 | 6.35 | -2.58 | -2.07 | -25.60 | -9.59 | |
Net Cash Flow | -2.02 | 0.25 | 0.72 | 0.84 | 0.18 | -1.68 | 1.26 | 1.07 | -1.96 | 0.91 | 14.07 | -17.00 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 66.75 | 70.81 | 88.46 | 78.69 | 100.49 | 95.69 | 99.85 | 124.96 | 98.00 | 178.77 | 113.27 | 95.39 |
Inventory Days | 188.08 | 202.21 | 198.30 | 192.38 | 192.25 | 213.04 | 168.92 | 186.97 | 148.81 | 340.46 | 180.74 | 231.93 |
Days Payable | 74.09 | 94.33 | 118.42 | 122.53 | 168.25 | 177.82 | 143.26 | 145.90 | 119.07 | 282.24 | 146.56 | 172.15 |
Cash Conversion Cycle | 180.73 | 178.69 | 168.34 | 148.54 | 124.50 | 130.92 | 125.51 | 166.03 | 127.74 | 236.99 | 147.46 | 155.17 |
Working Capital Days | 92.49 | 98.68 | 106.18 | 81.55 | 95.21 | 85.17 | 86.96 | 117.90 | 93.41 | 181.93 | 101.24 | 92.64 |
ROCE % | 6.30% | -1.64% | 5.14% | 4.21% | 0.23% | 0.26% | 3.07% | 1.00% | -5.76% | -5.08% | -6.95% | -9.97% |
Documents
Announcements
- Compliance Certificate Reg 7(3) SEBI LODR For The Year Ended 31.03.2024 11 Apr
- Announcement under Regulation 30 (LODR)-Acquisition 11 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr
- Board Meeting Outcome for Outcome Of Board Meeting 27 Mar
- Board Meeting Outcome for Outcome Of Board Meeting 27 Mar
Annual reports
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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 2012
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Financial Year 2011
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Financial Year 2011
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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