Delta Manufacturing Ltd

Delta Manufact. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Delta Manufacturing Ltd

₹ 94.9 0.76%
22 Nov - close price
deltamagnets.com BSE: 504286 NSE: DELTAMAGNT
About

Incorporated in 1982, Delta Manufacturing Ltd manufactures hard ferrites, soft ferrites, textile woven labels, fabric printed labels and elastic / woven tape[1]

Key Points

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

Website BSE NSE
  • Market Cap ₹ 103 Cr.
  • Current Price ₹ 94.9
  • High / Low ₹ 133 / 80.2
  • Stock P/E
  • Book Value ₹ 19.2
  • Dividend Yield 0.00 %
  • ROCE -3.75 %
  • ROE -24.0 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 4.94 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.03% over past five years.
  • Company has a low return on equity of -31.8% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
21.16 24.75 24.95 21.04 17.48 21.39 19.72 21.08 20.72 20.49 21.28 20.52 19.66
20.69 25.29 27.57 21.60 20.55 22.46 20.81 21.71 21.21 21.01 21.92 21.43 20.57
Operating Profit 0.47 -0.54 -2.62 -0.56 -3.07 -1.07 -1.09 -0.63 -0.49 -0.52 -0.64 -0.91 -0.91
OPM % 2.22% -2.18% -10.50% -2.66% -17.56% -5.00% -5.53% -2.99% -2.36% -2.54% -3.01% -4.43% -4.63%
0.06 12.07 -0.13 7.26 0.30 0.22 0.94 3.36 0.26 0.20 0.31 0.46 0.15
Interest 0.89 1.12 1.30 0.77 0.95 1.01 1.07 0.98 1.15 1.00 1.53 1.05 1.11
Depreciation 1.03 1.00 1.13 1.18 1.28 1.21 1.18 1.17 1.18 1.06 1.07 1.09 1.10
Profit before tax -1.39 9.41 -5.18 4.75 -5.00 -3.07 -2.40 0.58 -2.56 -2.38 -2.93 -2.59 -2.97
Tax % -4.32% 22.95% -37.26% 42.95% 0.40% 1.30% 1.67% -1.72% -0.78% 1.68% -1.37% -0.39% 0.00%
-1.33 7.25 -3.26 2.72 -5.02 -3.12 -2.45 0.58 -2.54 -2.42 -2.90 -2.58 -2.96
EPS in Rs -1.23 6.68 -3.00 2.51 -4.63 -2.88 -2.26 0.53 -2.34 -2.23 -2.67 -2.38 -2.73
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
14 15 18 17 18 23 57 91 71 89 80 84 82
14 15 17 17 18 22 55 93 72 92 85 86 85
Operating Profit 0 -0 2 -0 0 1 2 -2 -1 -4 -6 -2 -3
OPM % 3% -0% 9% -2% 2% 4% 4% -2% -1% -4% -7% -3% -4%
0 0 0 1 1 1 1 1 0 39 9 4 1
Interest 0 0 0 0 1 1 3 6 6 4 4 5 5
Depreciation 1 1 0 0 1 1 3 6 5 4 5 4 4
Profit before tax -1 -1 1 -0 -1 -0 -3 -14 -12 26 -6 -7 -11
Tax % 0% 3% 20% -11% 2% -132% 2% 1% -26% 11% 37% -0%
-1 -1 1 -0 -1 0 -3 -14 -9 24 -8 -7 -11
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 -6.70 -10.01
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 8%
3 Years: 6%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 5%
TTM: -48%
Stock Price CAGR
10 Years: 9%
5 Years: 20%
3 Years: 11%
1 Year: 16%
Return on Equity
10 Years: -20%
5 Years: -35%
3 Years: -32%
Last Year: -24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6 6 6 6 11 11 11 11 11 11
Reserves 18 17 19 18 23 23 31 17 8 32 23 16 10
12 13 12 13 10 12 53 59 61 47 40 40 39
3 3 5 6 10 12 31 26 30 25 31 28 29
Total Liabilities 39 39 41 43 49 53 122 113 110 115 105 95 89
17 16 17 17 21 20 49 50 46 44 50 47 46
CWIP 1 1 0 0 0 0 5 0 0 5 0 0 0
Investments 14 14 14 14 16 16 13 9 7 5 6 2 1
7 9 10 11 12 17 55 54 57 61 49 45 42
Total Assets 39 39 41 43 49 53 122 113 110 115 105 95 89

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 -1 2 1 2 2 -8 -2 1 -6 2 2
-1 0 -1 -1 -2 -2 -7 3 0 31 4 2
1 1 -1 1 -0 1 17 -2 -2 -21 -10 -4
Net Cash Flow 0 -0 0 0 -0 0 2 -2 0 3 -3 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 87 114 96 122 106 85 180 103 135 111 95 83
Inventory Days 585 321 267 330 405 225 349 171 229 176 232 189
Days Payable 285 281 296 488 722 450 282 122 202 138 170 159
Cash Conversion Cycle 386 155 66 -36 -212 -141 248 151 162 149 157 113
Working Capital Days 99 116 112 129 83 97 151 102 118 106 79 79
ROCE % -1% -2% 4% -0% 0% 3% -0% -9% -6% -8% -11% -4%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.23% 71.23% 71.23% 71.23% 72.08% 72.08% 72.08% 72.08% 72.08% 72.12% 72.12% 72.12%
0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08%
28.69% 28.69% 28.69% 28.68% 27.84% 27.84% 27.83% 27.84% 27.84% 27.80% 27.81% 27.81%
No. of Shareholders 13,64614,21714,08914,05514,26414,33914,14614,72213,03012,74812,56612,577

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports