BSE: 504286 | NSE: DELTAMAGNT | Electric Equipment | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Delta Manufacturing Ltd is a below average quality company.
The key valuation ratios of Delta Manufacturing 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 Strong which suggest that the price of Delta Manufacturing Ltd is likely to Rise 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 % ⓘ | 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 | -1.5 | 1.6 | -1.2 | -1.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 18.4 | 16.7 | 18.1 | 23.3 | 56.8 | 90.8 | 71 | 88.9 | 79.6 | 83.6 | 82 |
| 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 | -2 | 0.1 | -5.2 | -12.6 | -8.2 | -2.8 | -11.7 | -6.7 | -10 |
| YoY Gr. | - | -138.5% | NA | NA | -4100% | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 18.8 | 18.4 | 45.4 | 45.6 | 57.6 | 25.8 | 17.7 | 39.3 | 31.5 | 24.5 | 19.2 |
| Adj Net Profit ⓘ | 1 | -0.4 | -1.3 | 0.1 | -3.4 | -13.6 | -8.9 | -3.1 | -12.7 | -7.2 | -11 |
| Cash Flow from Ops. ⓘ | 2 | 0.8 | 2.2 | 1.6 | -8.5 | -2.4 | 1.3 | -6.4 | 2.4 | 1.7 | - |
| Debt/CF from Ops. ⓘ | 5.8 | 15.6 | 4.4 | 7.4 | -6.3 | -25 | 45.5 | -7.3 | 16.9 | 22.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 18.3% | 8% | 5.6% | 5% | ||||
| Adj EPS ⓘ | -217.5% | NA | NA | NA | ||||
| BVPSⓘ | 3% | -15.7% | 11.4% | -22.2% | ||||
| Share Price | 12.6% | 20.5% | 22.1% | 15.1% | ||||
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 % ⓘ | 4.2 | -1.6 | -4.7 | 0.3 | -9.5 | -39.2 | -37.5 | -10 | -32.9 | -23.8 | -45.8 |
| Op. Profit Mgn % ⓘ | 9.2 | -1.5 | 1.6 | 4.6 | 3.9 | -2.4 | -1 | -3.9 | -7 | -2.7 | -3.6 |
| Net Profit Mgn % ⓘ | 5.5 | -2.3 | -7.1 | 0.4 | -5.9 | -15 | -12.5 | -3.5 | -15.9 | -8.7 | -13.3 |
| Debt to Equity ⓘ | 1 | 1.1 | 0.3 | 0.4 | 1.4 | 2.1 | 3.2 | 1.1 | 1.2 | 1.5 | 0.1 |
| Working Cap Days ⓘ | 160 | 198 | 203 | 221 | 222 | 212 | 274 | 228 | 243 | 203 | 92 |
| Cash Conv. Cycle ⓘ | 75 | 83 | 65 | 44 | 108 | 126 | 151 | 121 | 135 | 105 | -39 |
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%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -10 | -10.3 |
| TTM Sales (₹ Cr.) | 82 | 82 |
| BVPS (₹.) ⓘ | 19.2 | 19.2 |
| Reserves (₹ Cr.) ⓘ | 10 | 10 |
| P/BV ⓘ | 5.79 | 5.80 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 82.60 / 136.85 |
| All Time Low / High (₹) | 5.10 / 225.00 |
| Market Cap (₹ Cr.) | 121 |
| Equity (₹ Cr.) | 10.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 91.8 |
| 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 | 18 | 17 | 18 | 23 | 57 | 91 | 71 | 89 | 80 | 84 |
| Operating Expenses ⓘ | 17 | 17 | 18 | 22 | 55 | 93 | 72 | 92 | 85 | 86 |
| Manufacturing Costs | 8 | 8 | 8 | 9 | 17 | 23 | 17 | 20 | 20 | 19 |
| Material Costs | 3 | 2 | 2 | 3 | 15 | 35 | 26 | 36 | 28 | 31 |
| Employee Cost | 4 | 6 | 6 | 7 | 17 | 28 | 23 | 26 | 30 | 29 |
| Other Costs ⓘ | 2 | 1 | 2 | 2 | 6 | 7 | 7 | 10 | 7 | 7 |
| Operating Profit ⓘ | 2 | 0 | 0 | 1 | 2 | -2 | -1 | -4 | -6 | -2 |
| 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 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 2 | 4 |
| Interest ⓘ | 0 | 0 | 1 | 1 | 3 | 6 | 6 | 4 | 4 | 5 |
| Depreciation ⓘ | 0 | 0 | 1 | 1 | 3 | 6 | 5 | 4 | 5 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38 | 7 | 0 |
| Profit Before Tax ⓘ | 1 | 0 | -1 | 0 | -3 | -14 | -12 | 26 | -6 | -7 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -3 | 3 | 2 | 0 |
| Profit After Tax | 1 | 0 | -1 | 0 | -3 | -14 | -9 | 24 | -8 | -7 |
| 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 | -2.0 | 0.1 | -5.2 | -12.5 | -8.1 | 21.7 | -7.2 | -6.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 25 | 25 | 29 | 30 | 37 | 28 | 19 | 43 | 34 | 27 |
| Share Capital ⓘ | 6 | 6 | 6 | 6 | 6 | 11 | 11 | 11 | 11 | 11 |
| Reserves ⓘ | 19 | 18 | 23 | 23 | 31 | 17 | 8 | 32 | 23 | 16 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 12 | 13 | 10 | 12 | 52 | 57 | 61 | 47 | 40 | 40 |
| Long Term Debt | 9 | 9 | 5 | 6 | 12 | 12 | 4 | 7 | 6 | 4 |
| Short Term Debt | 2 | 3 | 4 | 6 | 40 | 46 | 57 | 40 | 34 | 36 |
| Trade Payables | 2 | 3 | 4 | 4 | 12 | 12 | 14 | 14 | 13 | 13 |
| Others Liabilities ⓘ | 2 | 2 | 6 | 8 | 21 | 16 | 13 | 12 | 17 | 15 |
| Total Liabilities ⓘ | 41 | 43 | 49 | 53 | 122 | 113 | 107 | 115 | 105 | 95 |
Fixed Assets | ||||||||||
| Gross Block | 46 | 47 | 51 | 52 | 123 | 130 | 131 | 132 | 143 | 144 |
| Accumulated Depreciation | 29 | 30 | 30 | 31 | 74 | 80 | 85 | 89 | 93 | 97 |
| Net Fixed Assetsⓘ | 17 | 17 | 21 | 21 | 49 | 50 | 46 | 44 | 50 | 47 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 5 | 0 | 0 |
| Investmentsⓘ | 14 | 14 | 16 | 16 | 13 | 9 | 7 | 5 | 6 | 2 |
| Inventories | 2 | 2 | 2 | 2 | 14 | 16 | 16 | 17 | 18 | 16 |
| Trade Receivables | 5 | 6 | 5 | 5 | 28 | 26 | 26 | 27 | 21 | 19 |
| Cash Equivalents | 0 | 0 | 0 | 0 | 3 | 1 | 1 | 4 | 1 | 1 |
| Others Assetsⓘ | 3 | 3 | 5 | 9 | 10 | 11 | 11 | 13 | 10 | 9 |
| Total Assets ⓘ | 41 | 43 | 49 | 53 | 122 | 113 | 107 | 115 | 105 | 95 |
| 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 ⓘ | 2 | 1 | 2 | 2 | -8 | -2 | 1 | -6 | 2 | 2 |
| PBT ⓘ | 1 | 0 | -1 | 0 | -3 | -14 | -12 | 26 | -6 | -7 |
| Adjustment ⓘ | 1 | 1 | 2 | 2 | 7 | 12 | 13 | -27 | 1 | 6 |
| Changes in Working Capital ⓘ | 0 | 0 | 1 | -0 | -12 | -1 | 0 | -5 | 7 | 3 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -1 | -1 | -2 | -2 | -13 | 3 | 0 | 31 | 4 | 2 |
| Capex | -1 | -1 | -1 | -1 | -7 | -1 | -1 | 19 | -3 | -2 |
| Net Investments | 0 | 0 | 0 | 0 | -6 | 4 | 2 | 12 | 7 | 4 |
| Others ⓘ | -1 | 0 | -1 | -2 | 0 | 0 | -1 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -1 | 1 | 0 | 1 | 17 | -2 | -2 | -21 | -10 | -4 |
| Net Proceeds from Shares ⓘ | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1 | 0 | 0 | 0 | 5 | 0 | 1 | 3 | -2 | -2 |
| Interest Paid ⓘ | 0 | 0 | -1 | -1 | -2 | -8 | -4 | -7 | -3 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 1 | 1 | 2 | 15 | 6 | 1 | -18 | -5 | 2 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | -5 | -2 | 0 | 3 | -3 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.82 | -3.35 | -6.11 | 0.2 | -10 | -41.67 | -37.09 | 75.95 | -20.47 | -23.98 |
| ROCE (%) | 7.37 | -0.21 | 0.47 | 3.24 | -0.24 | -8.16 | -6.39 | 36.29 | -2.36 | -3.77 |
| Asset Turnover Ratio | 0.51 | 0.45 | 0.45 | 0.47 | 0.65 | 0.78 | 0.65 | 0.8 | 0.72 | 0.84 |
| PAT to CFO Conversion(x) | 2 | N/A | N/A | N/A | N/A | N/A | N/A | -0.25 | N/A | N/A | Working Capital Days |
| Receivable Days | 85 | 100 | 97 | 82 | 108 | 108 | 133 | 109 | 110 | 87 |
| Inventory Days | 36 | 37 | 36 | 32 | 53 | 62 | 84 | 69 | 81 | 74 |
| Payable Days | 278 | 428 | 602 | 435 | 190 | 122 | 185 | 140 | 173 | 157 |
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
Achievements/ recognition:
Certified by BVQI in 1994 in conformance to ISO – 9002:1994
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