Delta Manufacturing Ltd - Stock Valuation and Financial Performance

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

Delta Manufacturing Share Price

100 -0.61 -0.61%
as on 19-Mar'24 16:40

DeciZen - make an informed investing decision on Delta Manufacturing

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Delta Manufacturing stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
109.2 Cr.
52-wk low:
61.2
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 Somewhat overvalued zone.

3. Is Delta Manufacturing Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Delta Manufacturing Ltd is likely to Rise-somewhat 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -2.5%3.5%-0.3%-0.8%2.8%-1.7%-10.3%-5.2%0%-12.2%-
Value Creation
Index
-1.2-0.8-1.0-1.1-0.8-1.1-1.7-1.4-1.0-1.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 15.218.416.718.123.356.890.87188.979.682
Sales YoY Gr.-21.3%-9.2%7.9%28.7%144.3%59.9%-21.9%25.3%-10.5%-
Adj EPS -1.81.6-0.6-20.1-5.2-12.6-8.2-2.8-11.7-6.3
YoY Gr.-NA-138.5%NANA-4100%NANANANA-
BVPS (₹) 16.118.818.445.445.657.625.817.739.331.527.1
Adj Net
Profit
-1.11-0.4-1.30.1-3.4-13.6-8.9-3.1-12.7-7
Cash Flow from Ops. -0.820.82.21.6-8.5-2.41.3-6.42.4-
Debt/CF from Ops. -16.65.815.64.47.4-6.3-2545.5-7.316.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 20.2%27.9%-4.3%-10.5%
Adj EPS NA-345.8%NANA
BVPS7.7%-7.2%6.9%-20.1%
Share Price 15.1% 6.1% 47% 49.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-4.74.2-1.6-4.70.3-9.5-39.2-37.5-10-32.9-21.5
Op. Profit
Mgn %
0.49.2-1.51.64.63.9-2.4-1-3.9-7-3.4
Net Profit
Mgn %
-7.25.5-2.3-7.10.4-5.9-15-12.5-3.5-15.9-8.3
Debt to
Equity
1.311.10.30.41.42.13.21.11.2-
Working Cap
Days
160160198203221222212274228243106
Cash Conv.
Cycle
9975836544108126151121135-26

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 1.17

Return on Equity is Poor

Sales growth has been subdued in last 3 years -4.30%

Sales growth is not so good in last 4 quarters at -1.61%

Latest Financials - Delta Manufacturing Ltd.

Standalone Consolidated
TTM EPS (₹) -6.3 -9.1
TTM Sales (₹ Cr.) 82 82
BVPS (₹.) 27.1 27.4
Reserves (₹ Cr.) 19 19
P/BV 3.71 3.67
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 61.20 / 132.12
All Time Low / High (₹) 5.10 / 225.00
Market Cap (₹ Cr.) 109
Equity (₹ Cr.) 10.9
Face Value (₹) 10
Industry PE 77.1

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales15181718235791718980
Operating Expenses 15171718225593729285
Manufacturing Costs788891723172020
Material Costs232231535263628
Employee Cost 446671728232630
Other Costs 22122677107
Operating Profit 020012-2-1-4-6
Operating Profit Margin (%) -0.2%9.1%-1.6%1.6%4.4%3.9%-2.5%-1.0%-4.0%-7.3%
Other Income 0011111012
Interest 0001136644
Depreciation 1001136545
Exceptional Items 00000000387
Profit Before Tax -110-10-3-14-1226-6
Tax 0000000-332
Profit After Tax -110-10-3-14-924-8
PAT Margin (%) -7.0%5.8%-2.4%-7.0%0.3%-5.9%-15.0%-12.3%26.4%-9.9%
Adjusted EPS (₹)-1.81.7-0.6-2.00.1-5.2-12.5-8.121.7-7.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 23252529303728194334
Share Capital 66666611111111
Reserves 1719182323311783223
Minority Interest0000000000
Debt13121310125257614740
Long Term Debt1199561212476
Short Term Debt323464046574034
Trade Payables223441212141413
Others Liabilities 122682116131217
Total Liabilities 3941434953122113107115105

Fixed Assets

Gross Block4646475152123130131132143
Accumulated Depreciation30293030317480858993
Net Fixed Assets16171721214950464450
CWIP 1000050050
Investments 1414141616139756
Inventories222221416161718
Trade Receivables556552826262721
Cash Equivalents 0000031141
Others Assets133591011111310
Total Assets 3941434953122113107115105

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -12122-8-21-62
PBT -110-10-3-14-1226-6
Adjustment 1112271213-272
Changes in Working Capital -1001-0-12-10-57
Tax Paid 0000000000
Cash Flow From Investing Activity 0-1-1-2-2-1330314
Capex 0-1-1-1-1-7-1-119-3
Net Investments 00000-642127
Others 0-10-1-200-100
Cash Flow From Financing Activity 1-110117-2-2-21-10
Net Proceeds from Shares 0100000000
Net Proceeds from Borrowing 0-10005013-2
Interest Paid 000-1-1-2-8-4-7-3
Dividend Paid 0000000000
Others 101121561-18-5
Net Cash Flow 00000-5-203-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-10.319.82-3.35-6.110.2-10-41.67-37.0975.95-20.47
ROCE (%)-3.187.37-0.210.473.24-0.24-8.16-6.3936.29-2.36
Asset Turnover Ratio0.440.510.450.450.470.650.780.650.80.72
PAT to CFO Conversion(x)N/A2-INFN/AINFN/AN/AN/A-0.25N/A
Working Capital Days
Receivable Days87851009782108108133109110
Inventory Days48363736325362846981
Payable Days232278428602435190122185140173

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 19-Mar-2024 16:40 is ₹100.0.
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 19-Mar-2024 16:40 the market cap of Delta Manufacturing stood at ₹109.2.
The latest P/E ratio of Delta Manufacturing as of 19-Mar-2024 16:40 is 0.00.
The latest P/B ratio of Delta Manufacturing as of 19-Mar-2024 16:40 is 3.71.
The 52-week high of Delta Manufacturing is ₹132.1 and the 52-week low is ₹61.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Delta Manufacturing is ₹82.01 ( 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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