Delta Manufacturing Ltd - Stock Valuation and Financial Performance

BSE: 504286 | NSE: DELTAMAGNT | Electric Equipment | Small Cap

Delta Manufacturing Share Price

94.09 2.39 2.61%
as on 21-Nov'24 16:59

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Delta Manufacturing stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
99.5 Cr.
52-wk low:
80.1
52-wk high:
132.1

Is Delta Manufacturing Ltd an attractive stock to invest in?

1. Is Delta Manufacturing Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Delta Manufacturing Ltd is a below average quality company.

2. Is Delta Manufacturing Ltd undervalued or overvalued?

The key valuation ratios of Delta Manufacturing Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Delta Manufacturing Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Delta Manufacturing Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Delta Manufacturing:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Delta Manufacturing Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 7.4%-0.2%0.5%3.2%-0.2%-8.2%-6.4%36.3%-2.4%-3.8%-
Value Creation
Index
-0.5-1.0-1.0-0.8-1.0-1.6-1.51.6-1.2-1.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 18.416.718.123.356.890.87188.979.683.682
Sales YoY Gr.--9.2%7.9%28.7%144.3%59.9%-21.9%25.3%-10.5%5%-
Adj EPS 1.6-0.6-20.1-5.2-12.6-8.2-2.8-11.7-6.7-10
YoY Gr.--138.5%NANA-4100%NANANANANA-
BVPS (₹) 18.818.445.445.657.625.817.739.331.524.519.2
Adj Net
Profit
1-0.4-1.30.1-3.4-13.6-8.9-3.1-12.7-7.2-11
Cash Flow from Ops. 20.82.21.6-8.5-2.41.3-6.42.41.7-
Debt/CF from Ops. 5.815.64.47.4-6.3-2545.5-7.316.922.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 18.3%8%5.6%5%
Adj EPS -217.5%NANANA
BVPS3%-15.7%11.4%-22.2%
Share Price 9.6% 19.6% 10.6% 15.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.2-1.6-4.70.3-9.5-39.2-37.5-10-32.9-23.8-45.8
Op. Profit
Mgn %
9.2-1.51.64.63.9-2.4-1-3.9-7-2.7-3.6
Net Profit
Mgn %
5.5-2.3-7.10.4-5.9-15-12.5-3.5-15.9-8.7-13.3
Debt to
Equity
11.10.30.41.42.13.21.11.21.50.1
Working Cap
Days
16019820322122221227422824320392
Cash Conv.
Cycle
75836544108126151121135105-39

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 5.60%

Debt to equity has increased versus last 3 years average to 1.49

Sales growth is not so good in last 4 quarters at -1.02%

Latest Financials - Delta Manufacturing Ltd.

Standalone Consolidated
TTM EPS (₹) -10 -10.3
TTM Sales (₹ Cr.) 82 82
BVPS (₹.) 19.2 19.2
Reserves (₹ Cr.) 10 10
P/BV 4.77 4.77
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 80.05 / 132.12
All Time Low / High (₹) 5.10 / 225.00
Market Cap (₹ Cr.) 99.5
Equity (₹ Cr.) 10.9
Face Value (₹) 10
Industry PE 90.2

Management X-Ray of Delta Manufacturing:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Delta Manufacturing

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales18.4316.7418.0623.2556.8090.8470.9688.9479.6383.57
Operating Expenses 16.7517.0117.7722.2354.6193.0971.6792.4885.4485.87
Manufacturing Costs7.927.617.519.2816.6523.0916.8019.6120.3718.55
Material Costs2.572.0823.3315.1235.0825.6536.3728.3931
Employee Cost 4.465.876.467.1517.1927.5522.5026.2929.7829.01
Other Costs 1.801.451.812.475.657.376.7110.206.907.32
Operating Profit 1.68-0.270.291.022.19-2.25-0.70-3.54-5.80-2.30
Operating Profit Margin (%) 9.1%-1.6%1.6%4.4%3.9%-2.5%-1.0%-4.0%-7.3%-2.7%
Other Income 0.410.630.651.080.820.810.400.921.694.14
Interest 0.380.391.381.483.126.116.444.453.794.66
Depreciation 0.360.410.790.813.175.965.034.224.854.49
Exceptional Items 000000037.657.030
Profit Before Tax 1.34-0.44-1.23-0.19-3.28-13.52-11.7826.36-5.72-7.30
Tax 0.27-0.040.03-0.240.060.07-3.032.852.14-0.03
Profit After Tax 1.08-0.40-1.260.06-3.34-13.59-8.7523.51-7.86-7.27
PAT Margin (%) 5.8%-2.4%-7.0%0.3%-5.9%-15.0%-12.3%26.4%-9.9%-8.7%
Adjusted EPS (₹)1.7-0.6-2.00.1-5.2-12.5-8.121.7-7.2-6.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 25.0424.7029.3529.5337.2527.9719.2242.6934.1326.56
Share Capital 6.476.476.476.476.4710.8510.8510.8510.8510.85
Reserves 18.5718.2322.8823.0630.7817.128.3731.8423.2815.70
Minority Interest0000000000
Debt11.7312.769.5911.8151.5557.2561.0446.8540.0539.52
Long Term Debt9.309.365.476.2512.0211.523.817.265.673.50
Short Term Debt2.433.404.115.5639.5245.7357.2339.5934.3836.02
Trade Payables2.122.773.824.1111.6711.7714.2113.7213.2213.50
Others Liabilities 2.042.2767.8721.1515.6812.7312.1517.4615.26
Total Liabilities 40.9242.5048.7653.32121.61112.67107.20115.41104.8594.84

Fixed Assets

Gross Block45.7246.8551.1051.66123.06130.22131.20132.45142.57144.07
Accumulated Depreciation29.1329.5430.3531.1574.3580.3085.2888.7792.7797.04
Net Fixed Assets16.5817.3120.7520.5048.7149.9245.9243.6949.8047.03
CWIP 0.470.390.360.125.31005.020.030.45
Investments 13.9813.9815.6115.6112.778.656.965.375.672
Inventories1.911.872.142.0514.4616.3916.0917.5018.0416.05
Trade Receivables4.785.615.255.4028.0725.5726.3027.0220.7819.10
Cash Equivalents 0.090.110.050.212.520.970.763.610.820.81
Others Assets3.113.234.619.429.7811.1711.1813.199.719.40
Total Assets 40.9242.5048.7653.32121.61112.67107.20115.41104.8594.84

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 2.030.822.191.60-8.47-2.351.34-6.422.371.74
PBT 1.34-0.44-1.36-0.06-3.31-13.50-11.7826.32-5.72-7.30
Adjustment 0.750.762.162.076.7112.4913.11-27.200.745.74
Changes in Working Capital 0.140.411.47-0.46-11.65-1.090.15-5.227.423.15
Tax Paid -0.200.09-0.080.06-0.22-0.24-0.15-0.31-0.070.16
Cash Flow From Investing Activity -1.49-1.39-2.22-2.43-13.202.890.3830.524.402.28
Capex -0.73-1.06-1.06-0.54-6.69-1.37-0.7918.78-2.74-1.91
Net Investments 0.08000-6.334.301.8411.667.043.88
Others -0.85-0.33-1.15-1.89-0.18-0.05-0.670.080.090.30
Cash Flow From Financing Activity -0.530.64-0.040.8416.87-2.22-1.69-21.35-9.59-4.03
Net Proceeds from Shares 1.29000000000
Net Proceeds from Borrowing -1.290.06004.82-0.381.273.45-1.59-2.17
Interest Paid -0.38-0.39-1.37-1.38-2.40-7.81-3.66-6.92-2.55-3.41
Dividend Paid 0000-0.060000-0.04
Others -0.150.971.332.2214.515.970.69-17.88-5.451.58
Net Cash Flow 0.010.07-0.070.01-4.80-1.680.032.75-2.82-0.01
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)9.82-3.35-6.110.2-10-41.67-37.0975.95-20.47-23.98
ROCE (%)7.37-0.210.473.24-0.24-8.16-6.3936.29-2.36-3.77
Asset Turnover Ratio0.510.450.450.470.650.780.650.80.720.84
PAT to CFO Conversion(x)1.88N/AN/A26.67N/AN/AN/A-0.27N/AN/A
Working Capital Days
Receivable Days85100978210810813310911087
Inventory Days36373632536284698174
Payable Days278428602435190122185140173157

Delta Manufacturing Ltd Stock News

Delta Manufacturing Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Delta Manufacturing on 21-Nov-2024 16:59 is ₹94.09.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Delta Manufacturing stood at ₹99.50.
The latest P/E ratio of Delta Manufacturing as of 21-Nov-2024 16:59 is 0.00.
The latest P/B ratio of Delta Manufacturing as of 21-Nov-2024 16:59 is 4.77.
The 52-week high of Delta Manufacturing is ₹132.1 and the 52-week low is ₹80.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Delta Manufacturing is ₹81.95 ( Cr.) .

About Delta Manufacturing Ltd

Delta Magnets formerly known as G. P. Electronics Ltd was established in 1985 with technical know-how from TKS Japan.

The company is one of the leading manufacturer and supplier of magnets used in -Magneto of two wheelers, Starter Motor of Two wheeler, Three Wheeler and Four wheeler,Wiper Motor of Four Wheeler, Industrial Stirrer, Solar Fans and Bicycle dynamo

The company's manufacturing facility is located at Nashik - 180 Kms, North of Bombay, India- which is the nearest sea as well as airport.

The company established its own Quality Management Systems in place to produce international standard Hard Ferrite Magnets. In the year 1998 the company entered in to a technical collaboration with TDK Corporation, Japan and also enhanced its production capacity to 3600 MT per year.

Delta Magnets has been supplying its products /services to numerous customers in the past for diversified applications. Its customers' profile ranges from large & medium public sectors to private sectors/industries like Consumer Electronics Sector, Engineering, Telecommunication Sector and Power Sector.

Products manufactured by the company:

The company is a leading hard ferrite magnet (Anisotropic & Isotropic ) manufacturer based in India. By value it manufactures 98% anisotropic & 2% of isotropic. Its products are used in diversified applications in consumer electronics and other industries. Our 1/3rd of production is exported to Europe.

Different types of ferrites

  • Rings 
  • Arc / Segments
  • Sleeves
  • Rectangular /  Flats
  • Customized 

Achievements/ recognition:

Certified by  BVQI in 1994 in conformance to ISO – 9002:1994

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