Delta Manufacturing Ltd

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

Delta Manufacturing Ltd

₹ 96.9 1.17%
02 Jul - 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 ₹ 105 Cr.
  • Current Price ₹ 96.9
  • High / Low ₹ 133 / 73.1
  • Stock P/E
  • Book Value ₹ 24.8
  • Dividend Yield 0.00 %
  • ROCE -7.93 %
  • ROE -32.2 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 3.91 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.66% over past five years.
  • Company has a low return on equity of -23.5% 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
25.11 30.19 20.80 24.75 24.95 21.04 17.48 21.39 19.72 21.08 20.72 20.49 21.28
22.47 29.27 20.27 25.32 27.45 21.60 20.55 22.47 20.82 21.72 21.21 21.01 21.92
Operating Profit 2.64 0.92 0.53 -0.57 -2.50 -0.56 -3.07 -1.08 -1.10 -0.64 -0.49 -0.52 -0.64
OPM % 10.51% 3.05% 2.55% -2.30% -10.02% -2.66% -17.56% -5.05% -5.58% -3.04% -2.36% -2.54% -3.01%
1.10 26.61 1.18 2.28 2.88 -1.88 0.28 0.51 0.94 0.26 0.28 0.20 0.29
Interest 1.50 1.20 0.89 1.12 1.30 0.77 0.95 1.01 1.07 0.98 1.15 1.00 1.53
Depreciation 1.08 1.23 1.03 1.00 1.13 1.18 1.28 1.21 1.18 1.17 1.18 1.06 1.07
Profit before tax 1.16 25.10 -0.21 -0.41 -2.05 -4.39 -5.02 -2.79 -2.41 -2.53 -2.54 -2.38 -2.95
Tax % -258.62% 11.83% 28.57% -526.83% 94.15% -46.47% -0.40% -1.43% -1.66% 0.40% 0.79% -1.68% 1.36%
4.16 22.12 -0.16 -2.57 -0.12 -6.42 -5.04 -2.83 -2.45 -2.52 -2.52 -2.42 -2.92
EPS in Rs 3.83 20.39 -0.15 -2.37 -0.11 -5.92 -4.64 -2.61 -2.26 -2.32 -2.32 -2.23 -2.69
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
43 51 56 55 60 72 101 124 70 88 80 84
43 47 53 54 58 68 96 124 71 91 85 86
Operating Profit 0 3 3 1 2 3 5 -0 -1 -3 -6 -2
OPM % 1% 6% 5% 2% 3% 5% 4% -0% -1% -4% -7% -3%
0 1 0 -2 0 1 0 1 2 34 -0 1
Interest 0 1 1 3 4 5 5 6 6 4 4 5
Depreciation 1 1 1 2 2 2 4 7 5 4 5 4
Profit before tax -1 2 2 -6 -4 -3 -4 -12 -10 22 -15 -10
Tax % 2% -43% 20% -23% -15% -18% 7% -2% 31% 13% -15% 0%
-1 2 1 -7 -4 -3 -3 -12 -7 19 -17 -10
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 -9.58
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: -4%
3 Years: 6%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -23%
TTM: 31%
Stock Price CAGR
10 Years: 14%
5 Years: 17%
3 Years: 24%
1 Year: 22%
Return on Equity
10 Years: -17%
5 Years: -23%
3 Years: -24%
Last Year: -32%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6 6 6 6 6 6 6 11 11 11 11 11
Reserves 23 25 27 21 22 18 43 32 26 44 27 16
15 17 29 38 36 45 57 62 67 47 40 40
8 10 13 13 20 23 34 32 33 27 28 28
Total Liabilities 52 58 76 79 84 92 140 137 137 130 105 95
28 27 38 42 45 46 59 64 60 46 50 47
CWIP 1 1 4 1 0 0 5 0 0 5 0 0
Investments 0 0 0 0 0 0 6 2 1 3 6 2
24 30 34 36 39 47 70 71 76 76 50 46
Total Assets 52 58 76 79 84 92 140 137 137 130 105 95

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 0 5 -4 2 -1 2 -0 3 -3 -4 2
-1 -0 -16 -2 -4 -2 -7 1 -0 43 -3 2
2 1 13 6 0 4 6 -3 -2 -26 -10 -4
Net Cash Flow 0 1 1 0 -2 1 1 -2 1 14 -17 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 71 88 79 100 96 100 125 98 179 113 95 83
Inventory Days 202 198 192 192 213 169 187 149 340 181 232 189
Days Payable 94 118 123 168 178 143 146 119 282 147 172 159
Cash Conversion Cycle 179 168 149 124 131 126 166 128 237 147 155 113
Working Capital Days 99 106 82 95 85 87 118 93 182 101 93 88
ROCE % -2% 5% 4% 0% 0% 3% 1% -6% -5% -7% -10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.23% 71.23% 71.23% 71.23% 71.23% 71.23% 72.08% 72.08% 72.08% 72.08% 72.08% 72.12%
0.09% 0.09% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08%
28.68% 28.68% 28.69% 28.69% 28.69% 28.68% 27.84% 27.84% 27.83% 27.84% 27.84% 27.80%
No. of Shareholders 13,93913,70513,64614,21714,08914,05514,26414,33914,14614,72213,03012,748

* 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.

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Documents

Announcements

Annual reports