Delton Cables Ltd - Stock Valuation and Financial Performance

BSE: 504240 | NSE: | Cable | Small Cap

Delton Cables Share Price

710 8.20 1.17%
as on 11-Oct'24 16:01

DeciZen - make an informed investing decision on Delton Cables

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Delton Cables stock performance -

mw4me loader
P/E Ratio (SA):
37.40
Market Cap:
613.4 Cr.
52-wk low:
144.4
52-wk high:
737.2

Is Delton Cables Ltd an attractive stock to invest in?

1. Is Delton Cables Ltd a good quality company?

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

2. Is Delton Cables Ltd undervalued or overvalued?

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

3. Is Delton Cables Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Delton Cables 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 Delton Cables:

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.
Delton Cables 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 % 5.4%12.3%13.4%3.6%-5.7%68.7%13%8.7%8.9%13.9%-
Value Creation
Index
-0.6-0.10.0-0.8NA3.9-0.1-0.4-0.40.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 108131941067372126123159272475
Sales YoY Gr.-21.6%-28.3%13.3%-31.5%-1.3%74.6%-2.1%29.2%71%-
Adj EPS -1.9-1.4-5.4-8.8-14.6-12.53.20.80.90.619
YoY Gr.-NANANANANANA-76%17.1%-32.6%-
BVPS (₹) 22.621.522.614.4-1.156.863.263.864.965.686.1
Adj Net
Profit
-1.7-1.2-4.7-7.6-12.6-10.82.70.70.80.516
Cash Flow from Ops. 13.2-7.26.16.6-28.6-14.6-8.50.82.1-
Debt/CF from Ops. 48.316.3-8.410.610.4-1.9-3.2-7.490.939.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.8%30.1%29.4%71%
Adj EPS NANA-42.5%-32.6%
BVPS12.6%NA1.3%1.1%
Share Price 43.2% 118.7% 140.6% 382.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-7.4-5.7-22.7-45.2-219.7-44.95.31.21.40.925
Op. Profit
Mgn %
4.76.22.82-4.70.69.57.97.36.77
Net Profit
Mgn %
-1.5-0.9-5-7.1-17.3-152.20.50.50.23.5
Debt to
Equity
2.62.83.15.2-73.41.10.91.11.31.4-
Working Cap
Days
26523833529644840724329326218590
Cash Conv.
Cycle
13411717516026326914419118212120

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 25.00%

Sales growth is growing at healthy rate in last 3 years 29.35%

Sales growth is good in last 4 quarters at 70.77%

Net Profit has been subdued in last 3 years -42.52%

Debt to equity has increased versus last 3 years average to 1.44

Latest Financials - Delton Cables Ltd.

Standalone Consolidated
TTM EPS (₹) 19 -
TTM Sales (₹ Cr.) 475 -
BVPS (₹.) 86.1 -
Reserves (₹ Cr.) 66 -
P/BV 8.25 -
PE 37.40 -
From the Market
52 Week Low / High (₹) 144.35 / 737.15
All Time Low / High (₹) 0.67 / 737.15
Market Cap (₹ Cr.) 613
Equity (₹ Cr.) 8.6
Face Value (₹) 10
Industry PE 59.6

Management X-Ray of Delton Cables:

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 Delton Cables

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
Sales108131941067372126123159272
Operating Expenses 104123921047672114114147254
Manufacturing Costs78784687711
Material Costs8199687854508589121220
Employee Cost 910101110914121416
Other Costs 7778887667
Operating Profit 4822-3012101218
Operating Profit Margin (%) 3.4%6.0%2.6%2.0%-4.7%0.6%9.5%7.8%7.3%6.7%
Other Income 1111123211
Interest 7910111212881012
Depreciation 1111101211
Exceptional Items 0180-1570000
Profit Before Tax -400-9-16476117
Tax -100-1-3-40106
Profit After Tax -3-11-7-13506111
PAT Margin (%) -2.4%-0.5%1.0%-6.8%-17.9%70.0%4.7%0.5%0.5%0.2%
Adjusted EPS (₹)-3.0-0.81.1-8.3-15.258.36.80.70.90.7
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 21202112-14955555657
Share Capital 3999999999
Reserves 1812124-104046474748
Minority Interest0000000000
Debt50536063685446627182
Long Term Debt004367671113
Short Term Debt50535660624740556069
Trade Payables27262325242424213039
Others Liabilities 44140-3-11-16-17-8
Total Liabilities 10310410510491124114122140170

Fixed Assets

Gross Block3434345231823252525
Accumulated Depreciation2627281201412141515
Net Fixed Assets87643510111011
CWIP 0000000000
Investments 0000000000
Inventories35384140473657638191
Trade Receivables41423842273226333551
Cash Equivalents 424324411655
Others Assets15151615127108812
Total Assets 10310410510491124114122140170

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 13-767-29-15-812
PBT -400-9-16476117
Adjustment 7711216-45891113
Changes in Working Capital -2-3-827-23-25-19-11-17
Tax Paid 00000-7-4000
Cash Flow From Investing Activity 018115734-20-1
Capex 0180093-1-2-1-1
Net Investments 00010-3734000
Others 0000011100
Cash Flow From Financing Activity -1-50-206-26-146-1-1
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 005-131-1142
Interest Paid -6-8-8-12-12-12-8-8-10-12
Dividend Paid 0000000000
Others 533-715-15-51359
Net Cash Flow 001-121326-4-10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-12.59-3.474.93-45.04N/A209.1811.351.141.381.02
ROCE (%)5.4312.3413.393.55N/A68.69138.748.913.86
Asset Turnover Ratio1.211.380.991.130.760.671.061.041.221.77
PAT to CFO Conversion(x)N/AN/A-7N/AN/A-0.58-2.5-812
Working Capital Days
Receivable Days11910714112317014984887858
Inventory Days10393140126214212135177165115
Payable Days10799132111163175103937757

Delton Cables Ltd Stock News

Delton Cables Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Delton Cables on 11-Oct-2024 16:01 is ₹710.0.
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 11-Oct-2024 16:01 the market cap of Delton Cables stood at ₹613.4.
The latest P/E ratio of Delton Cables as of 11-Oct-2024 16:01 is 37.40.
The latest P/B ratio of Delton Cables as of 11-Oct-2024 16:01 is 8.25.
The 52-week high of Delton Cables is ₹737.1 and the 52-week low is ₹144.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Delton Cables is ₹474.8 ( Cr.) .

About Delton Cables Ltd

Delton Cables was established in the year 1948. It is an ISO 9001:2000 certified company committed to Quality and Customer Satisfaction. Delton offers Total Telecom Solution Products from Conventional Telecom Cables to Microwave Accessories & others. Delton provides competence in Cable technology – covering measurement, control, communication and power distribution applications, as used in exploration, refining or gas processing sites, petrochemical, chemical, power generation and similar applications. Its specialization is in manufacturing tailor-made cables as per customer’s specifications.

The products of the company find use in the power, telecommunication, railways, cement, chemicals and petrochemicals, steel and mining sectors in India and abroad.

Delton has won recognition and merit certificates from the Government of India for its outstanding contribution and export performance. Today, Delton is a prime supplier to the Power, Telecommunication, Railways, Steel and Mining sectors in India and has also firmly established itself in the International market. It is perfectly in tune with the freedom spirit of India; for economic growth, liberalization and globalization by opening up for new Joint Ventures/Marketing tie-ups, to face the challenges of the 21st century.

DELTON has integrated manufacturing facilities at Faridabad (Haryana), Dharuhera (Haryana) and New Delhi. In-house PVC compounding ensures the highest quality PVC sheathing and insulation. In FY07, the company set up a new division for the manufacture of switchgears in Noida, Uttar Pradesh. It has started producing miniature circuit breakers (MCBs) upto 63 amperes and added distribution boards, isolators, and MCB changeovers by 2008.

Modern wire drawing facilities and a separate unit totally devoted to Jelly Filled cables along with a wide assortment of extruders, bunchers, laying up and armouring machines ensure the effective and efficient conversion of high quality raw materials into value added, state-of-the-art cables. They are time tested and proven for their reliability, durability, precision and safety.

Delton developed the first Axle Counter Cable in India, which ensured safety in train movements.

Delton initiated FRLS cables in the industry for safety against fire hazards. Delton manufactured Auto Cables, Coil Cords, Coaxial Cables and many other special cables for the first time in the country.

DELTON’s intensive R&D efforts through the years have won them the accolades for their role in the development of telecommunication and other specialty cables in IndiaProduct range-Control Cables, Power Cables, Instrumentation Cables, Underground Telephone Cables, Telecommunication & Switch Board Cables, Housewiring / Panel Wires, Railway Cables, Thermocouple Extension Cables, High Temperature Cables, Data Transmission Cables, Radio Frequency Co-Axial Cables, Specific Design and Construction Specification, Miniature Circuit Breaker, Isolator, MCB Changeover Switch and Distribution Board.

Awards/Achievements

  • The department of Space, Government of India, recognized Delton’s contribution in the successful launch of ASLV-D.
  • Delton Cables is an ISO 9001:2000 certified company committed to Quality and Customer Satisfaction.
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