Past 10 year's financial track record analysis by Moneyworks4me indicates that Delton Cables Ltd is a average quality company.
The key valuation ratios of Delton Cables Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Delton Cables Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.3% | 13.4% | 3.6% | -5.7% | 68.7% | 13% | 8.7% | 8.9% | 14.2% | 22.5% | - |
| Value Creation Index ⓘ | -0.1 | 0.0 | -0.8 | NA | 3.9 | -0.1 | -0.4 | -0.4 | 0.0 | 0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 131 | 94 | 106 | 73 | 72 | 126 | 123 | 159 | 272 | 401 | 560 |
| Sales YoY Gr. | - | -28.3% | 13.3% | -31.5% | -1.3% | 74.6% | -2.1% | 29.2% | 71% | 47.3% | - |
| Adj EPS ⓘ | -1.4 | -5.4 | -8.8 | -14.6 | -12.5 | 3.2 | 0.8 | 0.9 | 0.6 | 4 | 25 |
| YoY Gr. | - | NA | NA | NA | NA | NA | -76% | 17.1% | -32.6% | 566.7% | - |
| BVPS (₹) ⓘ | 21.5 | 22.6 | 14.4 | -1.1 | 56.8 | 63.2 | 63.8 | 64.9 | 65.6 | 82.6 | 95.9 |
| Adj Net Profit ⓘ | -1.2 | -4.7 | -7.6 | -12.6 | -10.8 | 2.7 | 0.7 | 0.8 | 0.5 | 3.5 | 22 |
| Cash Flow from Ops. ⓘ | 3.2 | -7.2 | 6.1 | 6.6 | -28.6 | -14.6 | -8.5 | 0.8 | 2.5 | -27.3 | - |
| Debt/CF from Ops. ⓘ | 16.3 | -8.4 | 10.6 | 10.4 | -1.9 | -3.2 | -7.4 | 90.9 | 30.6 | -4.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 13.2% | 41% | 48.2% | 47.3% | ||||
| Adj EPS ⓘ | NA | NA | 74% | 566.7% | ||||
| BVPSⓘ | 16.1% | 7.8% | 9% | 25.8% | ||||
| Share Price | 44.1% | 87.3% | 138.6% | 222.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -5.7 | -22.7 | -45.2 | -219.7 | -44.9 | 5.3 | 1.2 | 1.4 | 0.9 | 5.4 | 28 |
| Op. Profit Mgn % ⓘ | 6.2 | 2.8 | 2 | -4.7 | 0.6 | 9.5 | 7.9 | 7.3 | 6.7 | 7.2 | 6.4 |
| Net Profit Mgn % ⓘ | -0.9 | -5 | -7.1 | -17.3 | -15 | 2.2 | 0.5 | 0.5 | 0.2 | 0.9 | 3.9 |
| Debt to Equity ⓘ | 2.8 | 3.1 | 5.2 | -73.4 | 1.1 | 0.9 | 1.1 | 1.3 | 1.3 | 1.6 | 0.1 |
| Working Cap Days ⓘ | 238 | 335 | 296 | 448 | 407 | 243 | 293 | 262 | 185 | 173 | 77 |
| Cash Conv. Cycle ⓘ | 117 | 175 | 160 | 263 | 269 | 144 | 191 | 182 | 117 | 104 | 15 |
Return on Equity has increased versus last 3 years average to 28.00%
Sales growth is growing at healthy rate in last 3 years 48.20%
Net Profit is growing at healthy rate in last 3 years 73.95%
Sales growth is good in last 4 quarters at 81.68%
Debt to equity has increased versus last 3 years average to 1.59
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 25 | - |
| TTM Sales (₹ Cr.) | 560 | - |
| BVPS (₹.) ⓘ | 95.9 | - |
| Reserves (₹ Cr.) ⓘ | 74 | - |
| P/BV ⓘ | 7.63 | - |
| PE ⓘ | 29.35 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 222.85 / 814.60 |
| All Time Low / High (₹) | 0.67 / 814.60 |
| Market Cap (₹ Cr.) | 633 |
| Equity (₹ Cr.) | 8.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 53.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 131 | 94 | 106 | 73 | 72 | 126 | 123 | 159 | 272 | 401 |
| Operating Expenses ⓘ | 123 | 92 | 104 | 76 | 72 | 114 | 114 | 147 | 254 | 372 |
| Manufacturing Costs | 8 | 7 | 8 | 4 | 6 | 8 | 7 | 7 | 11 | 19 |
| Material Costs | 99 | 68 | 78 | 54 | 50 | 85 | 89 | 121 | 220 | 319 |
| Employee Cost | 10 | 10 | 11 | 10 | 9 | 14 | 12 | 14 | 17 | 23 |
| Other Costs ⓘ | 7 | 7 | 8 | 8 | 8 | 7 | 6 | 6 | 7 | 10 |
| Operating Profit ⓘ | 8 | 2 | 2 | -3 | 0 | 12 | 10 | 12 | 18 | 29 |
| Operating Profit Margin (%) | 6.0% | 2.6% | 2.0% | -4.7% | 0.6% | 9.5% | 7.8% | 7.3% | 6.7% | 7.2% |
| Other Income ⓘ | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 1 | 2 |
| Interest ⓘ | 9 | 10 | 11 | 12 | 12 | 8 | 8 | 10 | 12 | 18 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 0 | 1 | 2 | 1 | 1 | 2 |
| Exceptional Items ⓘ | 1 | 8 | 0 | -1 | 57 | 0 | 0 | 0 | 0 | 6 |
| Profit Before Tax ⓘ | 0 | 0 | -9 | -16 | 47 | 6 | 1 | 1 | 7 | 18 |
| Tax ⓘ | 0 | 0 | -1 | -3 | -4 | 0 | 1 | 0 | 6 | 3 |
| Profit After Tax | -1 | 1 | -7 | -13 | 50 | 6 | 1 | 1 | 1 | 15 |
| PAT Margin (%) | -0.5% | 1.0% | -6.8% | -17.9% | 70.0% | 4.7% | 0.5% | 0.5% | 0.2% | 3.7% |
| Adjusted EPS (₹) | -0.8 | 1.1 | -8.3 | -15.2 | 58.3 | 6.8 | 0.7 | 0.9 | 0.7 | 17.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 9% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 20 | 21 | 12 | -1 | 49 | 55 | 55 | 56 | 57 | 71 |
| Share Capital ⓘ | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves ⓘ | 12 | 12 | 4 | -10 | 40 | 46 | 47 | 47 | 48 | 63 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 53 | 60 | 63 | 68 | 54 | 46 | 62 | 71 | 75 | 113 |
| Long Term Debt | 0 | 4 | 3 | 6 | 7 | 6 | 7 | 11 | 13 | 10 |
| Short Term Debt | 53 | 56 | 60 | 62 | 47 | 40 | 55 | 60 | 62 | 104 |
| Trade Payables | 26 | 23 | 25 | 24 | 24 | 24 | 21 | 30 | 46 | 77 |
| Others Liabilities ⓘ | 4 | 1 | 4 | 0 | -3 | -11 | -16 | -17 | -8 | -9 |
| Total Liabilities ⓘ | 104 | 105 | 104 | 91 | 124 | 114 | 122 | 140 | 170 | 252 |
Fixed Assets | ||||||||||
| Gross Block | 34 | 34 | 5 | 23 | 18 | 23 | 25 | 25 | 25 | 34 |
| Accumulated Depreciation | 27 | 28 | 1 | 20 | 14 | 12 | 14 | 15 | 15 | 16 |
| Net Fixed Assetsⓘ | 7 | 6 | 4 | 3 | 5 | 10 | 11 | 10 | 11 | 18 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 38 | 41 | 40 | 47 | 36 | 57 | 63 | 81 | 91 | 116 |
| Trade Receivables | 42 | 38 | 42 | 27 | 32 | 26 | 33 | 35 | 51 | 96 |
| Cash Equivalents | 2 | 4 | 3 | 2 | 44 | 11 | 6 | 5 | 5 | 8 |
| Others Assetsⓘ | 15 | 16 | 15 | 12 | 7 | 10 | 8 | 8 | 12 | 15 |
| Total Assets ⓘ | 104 | 105 | 104 | 91 | 124 | 114 | 122 | 140 | 170 | 252 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 3 | -7 | 6 | 7 | -29 | -15 | -8 | 1 | 2 | -27 |
| PBT ⓘ | 0 | 0 | -9 | -16 | 47 | 6 | 1 | 1 | 7 | 18 |
| Adjustment ⓘ | 7 | 1 | 12 | 16 | -45 | 8 | 9 | 11 | 13 | 12 |
| Changes in Working Capital ⓘ | -3 | -8 | 2 | 7 | -23 | -25 | -19 | -11 | -16 | -54 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | -7 | -4 | 0 | 0 | 0 | -3 |
| Cash Flow From Investing Activity ⓘ | 1 | 8 | 1 | 1 | 57 | 34 | -2 | 0 | -2 | 10 |
| Capex | 1 | 8 | 0 | 0 | 93 | -1 | -2 | -1 | -1 | -8 |
| Net Investments | 0 | 0 | 1 | 0 | -37 | 34 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 19 |
| Cash Flow From Financing Activityⓘ | -5 | 0 | -20 | 6 | -26 | -14 | 6 | -1 | -1 | 20 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 5 | -1 | 3 | 1 | -1 | 1 | 4 | 2 | -4 |
| Interest Paid ⓘ | -8 | -8 | -12 | -12 | -12 | -8 | -8 | -10 | -12 | -18 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 3 | 3 | -7 | 15 | -15 | -5 | 13 | 5 | 9 | 41 |
| Net Cash Flow ⓘ | 0 | 1 | -12 | 13 | 2 | 6 | -4 | -1 | 0 | 3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -3.47 | 4.93 | -45.04 | N/A | 209.18 | 11.35 | 1.14 | 1.38 | 1.02 | 22.89 |
| ROCE (%) | 12.34 | 13.39 | 3.55 | N/A | 68.69 | 13 | 8.74 | 8.9 | 14.2 | 22.49 |
| Asset Turnover Ratio | 1.38 | 0.99 | 1.13 | 0.76 | 0.67 | 1.06 | 1.04 | 1.22 | 1.77 | 1.9 |
| PAT to CFO Conversion(x) | N/A | -7 | N/A | N/A | -0.58 | -2.5 | -8 | 1 | 2 | -1.8 | Working Capital Days |
| Receivable Days | 107 | 141 | 123 | 170 | 149 | 84 | 88 | 78 | 58 | 67 |
| Inventory Days | 93 | 140 | 126 | 214 | 212 | 135 | 177 | 165 | 115 | 94 |
| Payable Days | 99 | 132 | 111 | 163 | 175 | 103 | 93 | 77 | 62 | 70 |
Delton Cables was established in the year 1948. It is an ISO 9001:2000 certified company committed to Quality and Customer Satisfaction. Delton offers Total Telecom Solution Products from Conventional Telecom Cables to Microwave Accessories & others. Delton provides competence in Cable technology – covering measurement, control, communication and power distribution applications, as used in exploration, refining or gas processing sites, petrochemical, chemical, power generation and similar applications. Its specialization is in manufacturing tailor-made cables as per customer’s specifications.
The products of the company find use in the power, telecommunication, railways, cement, chemicals and petrochemicals, steel and mining sectors in India and abroad.
Delton has won recognition and merit certificates from the Government of India for its outstanding contribution and export performance. Today, Delton is a prime supplier to the Power, Telecommunication, Railways, Steel and Mining sectors in India and has also firmly established itself in the International market. It is perfectly in tune with the freedom spirit of India; for economic growth, liberalization and globalization by opening up for new Joint Ventures/Marketing tie-ups, to face the challenges of the 21st century.
DELTON has integrated manufacturing facilities at Faridabad (Haryana), Dharuhera (Haryana) and New Delhi. In-house PVC compounding ensures the highest quality PVC sheathing and insulation. In FY07, the company set up a new division for the manufacture of switchgears in Noida, Uttar Pradesh. It has started producing miniature circuit breakers (MCBs) upto 63 amperes and added distribution boards, isolators, and MCB changeovers by 2008.
Modern wire drawing facilities and a separate unit totally devoted to Jelly Filled cables along with a wide assortment of extruders, bunchers, laying up and armouring machines ensure the effective and efficient conversion of high quality raw materials into value added, state-of-the-art cables. They are time tested and proven for their reliability, durability, precision and safety.
Delton developed the first Axle Counter Cable in India, which ensured safety in train movements.
Delton initiated FRLS cables in the industry for safety against fire hazards. Delton manufactured Auto Cables, Coil Cords, Coaxial Cables and many other special cables for the first time in the country.
DELTON’s intensive R&D efforts through the years have won them the accolades for their role in the development of telecommunication and other specialty cables in IndiaProduct range-Control Cables, Power Cables, Instrumentation Cables, Underground Telephone Cables, Telecommunication & Switch Board Cables, Housewiring / Panel Wires, Railway Cables, Thermocouple Extension Cables, High Temperature Cables, Data Transmission Cables, Radio Frequency Co-Axial Cables, Specific Design and Construction Specification, Miniature Circuit Breaker, Isolator, MCB Changeover Switch and Distribution Board.
Awards/Achievements
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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