Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 22 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 533452 | NSE: DELPHIFX

Fundamental Analysis of Delphi World Money Ltd

Share Price and Basic Stock Data

Last Updated: July 20, 2024, 10:04 pm

Market Cap 226 Cr.
Current Price 203
High / Low475/173
Stock P/E14.9
Book Value 199
Dividend Yield0.00 %
ROCE10.8 %
ROE7.09 %
Face Value 10.0
PEG Ratio-0.86

Data Source: screener.in

Competitors of Delphi World Money Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dalal Street Investments Ltd 14.4 Cr. 451615/259120 1660.00 %2.52 %2.39 % 10.0
Aravali Securities & Finance Ltd 8.33 Cr. 5.507.89/3.20 0.420.00 %3.53 %% 10.0
Smartlink Holdings Ltd 301 Cr. 302346/15642.6 1910.00 %4.98 %3.78 % 2.00
Manappuram Finance Ltd 18,332 Cr. 217230/1258.38 1361.64 %13.8 %20.6 % 2.00
Caspian Corporate Services Ltd 264 Cr. 62.574.3/21.433.2 6.420.08 %19.6 %34.1 % 1.00
Industry Average8,708.64 Cr662.3172.795,578.175.62%16.21%24.63%7.51

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales21.6417.8016.2414.8614.1220.8920.7421.5323.2222.5721.2221.3615.51
Expenses15.4211.8513.7514.5214.6517.4718.3019.7119.5318.7418.8119.2314.54
Operating Profit6.225.952.490.34-0.533.422.441.823.693.832.412.130.97
OPM %28.74%33.43%15.33%2.29%-3.75%16.37%11.76%8.45%15.89%16.97%11.36%9.97%6.25%
Other Income1.772.022.382.643.362.752.962.934.483.154.444.304.58
Interest1.171.121.100.770.370.650.670.550.250.330.570.660.68
Depreciation0.400.320.250.240.520.250.250.150.260.210.250.210.23
Profit before tax6.426.533.521.971.945.274.484.057.666.446.035.564.64
Tax %65.58%43.49%33.52%48.22%55.67%29.60%15.85%40.74%32.64%29.81%35.16%39.93%26.08%
Net Profit2.213.692.341.020.873.713.772.415.154.523.903.343.43
EPS in Rs1.993.322.100.920.783.333.392.174.634.063.503.003.08

Last Updated: July 12, 2024, 5:39 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 10, 2024, 11:14 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales4,4694,6954,4644,7875,9927,6969,164181118729881
Expenses4,4284,6494,4204,7375,9407,6379,2017654547571
Operating Profit414644505259-371056418239
OPM %1%1%1%1%1%1%-0%58%55%25%24%12%
Other Income6023-0410-001216
Interest131311131174126432
Depreciation4455543321111
Profit before tax302929353652-346058142123
Tax %32%36%37%38%37%34%60%35%30%43%30%33%
Net Profit201819222334-14394181515
EPS in Rs17.6915.8116.1118.9119.9129.52-12.2635.2236.657.1213.5213.65
Dividend Payout %42%47%47%40%15%3%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-10.00%5.56%15.79%4.55%47.83%-141.18%378.57%5.13%-80.49%87.50%0.00%
Change in YoY Net Profit Growth (%)0.00%15.56%10.23%-11.24%43.28%-189.00%519.75%-373.44%-85.62%167.99%-87.50%

Growth

Compounded Sales Growth
10 Years:-33%
5 Years:-61%
3 Years:-12%
TTM:-17%
Compounded Profit Growth
10 Years:-2%
5 Years:65%
3 Years:-28%
TTM:1%
Stock Price CAGR
10 Years:2%
5 Years:-14%
3 Years:-32%
1 Year:-48%
Return on Equity
10 Years:14%
5 Years:13%
3 Years:6%
Last Year:7%

Last Updated: July 17, 2024, 6:57 am

Balance Sheet

Last Updated: July 10, 2024, 11:14 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital121212121212111111111111
Reserves6270788912517594132173181196211
Borrowings9214485786311956753331131
Other Liabilities9910997901021031324074799967
Total Liabilities265335271268301408293259292302306320
Fixed Assets5047423839398555433
CWIP-0-0-0-0-00-0-0-0-0-0-0
Investments62726295480000-0-0-0
Other Assets209261204201209289285204286298303318
Total Assets265335271268301408293259292302306320

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 41-372132465-623322940-34
Cash from Investing Activity -1-21-1-9-81916-5-2-27-18-15
Cash from Financing Activity -5752-68-28-14-11-43-731-5-3328
Net Cash Flow-18282-24273-32-5631-4-10-21

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-51.00-98.00-41.00-28.00-11.00-60.00-93.0030.0031.00-13.0022.00-22.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days7107663125165245173264
Inventory Days2211111
Days Payable5554422
Cash Conversion Cycle473342025165245173264
Working Capital Days5624412227420773585976
ROCE %24%21%21%27%26%23%-6%39%29%8%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters89.94%89.73%89.62%89.62%89.55%89.55%89.55%89.55%89.55%89.55%75.00%75.00%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.96%0.00%
Public10.06%10.27%10.38%10.38%10.45%10.44%10.44%10.45%10.44%10.44%23.02%24.99%
No. of Shareholders8,1258,3138,4798,5708,6218,5348,2608,2398,0028,08910,49211,034

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 19Mar 18Mar 17Mar 16Mar 11
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-11.7928.4418.0012.7810.91
Diluted EPS (Rs.)-11.7928.4418.0012.7810.91
Cash EPS (Rs.)-9.8033.3724.0022.9712.99
Book Value[Excl.RevalReserv]/Share (Rs.)94.08154.77108.8077.7338.65
Book Value[Incl.RevalReserv]/Share (Rs.)94.08154.77108.8077.7338.65
Revenue From Operations / Share (Rs.)8231.866651.285179.534134.902997.12
PBDIT / Share (Rs.)-10.0554.7945.9344.8325.11
PBIT / Share (Rs.)-12.5150.9441.9440.7023.03
PBT / Share (Rs.)-16.4945.0531.6130.2817.00
Net Profit / Share (Rs.)-12.2529.5220.0118.8410.92
NP After MI And SOA / Share (Rs.)-12.0628.4418.0012.7810.92
PBDIT Margin (%)-0.120.820.881.080.83
PBIT Margin (%)-0.150.760.800.980.76
PBT Margin (%)-0.200.670.610.730.56
Net Profit Margin (%)-0.140.440.380.450.36
NP After MI And SOA Margin (%)-0.140.420.340.300.36
Return on Networth / Equity (%)-12.8218.3716.5416.4428.24
Return on Capital Employeed (%)-8.9727.6631.2839.3519.68
Return On Assets (%)-4.578.217.135.665.85
Long Term Debt / Equity (X)0.070.070.110.201.91
Total Debt / Equity (X)0.520.640.470.801.91
Asset Turnover Ratio (%)26.4122.2321.300.000.00
Current Ratio (X)1.721.461.461.352.02
Quick Ratio (X)1.501.331.281.261.81
Dividend Payout Ratio (NP) (%)0.0010.540.0058.6818.32
Dividend Payout Ratio (CP) (%)0.009.290.0044.3615.39
Earning Retention Ratio (%)0.0089.460.0041.3281.68
Cash Earning Retention Ratio (%)0.0090.710.0055.6484.61
Interest Coverage Ratio (X)-2.529.314.894.304.17
Interest Coverage Ratio (Post Tax) (X)1.406.013.232.812.81
Enterprise Value (Cr.)544.701175.93425.47229.380.00
EV / Net Operating Revenue (X)0.050.150.070.040.00
EV / EBITDA (X)-48.7018.568.014.420.00
MarketCap / Net Operating Revenue (X)0.060.150.060.040.00
Retention Ratios (%)0.0089.450.0041.3181.67
Price / BV (X)5.526.843.202.270.00
Price / Net Operating Revenue (X)0.060.150.060.040.00
EarningsYield-0.020.020.050.070.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 214.43

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 5.63% compared to the current price 203

Intrinsic Value: 177.40

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 12.61% compared to the current price 203

Last 5 Year EPS CAGR: -17.27%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 18.58%, which is a positive sign.
  2. The company has higher reserves (132.17 cr) compared to borrowings (67.33 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (48.92 cr) and profit (29.42 cr) over the years.
  1. The stock has a high average Working Capital Days of 250.42, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 74.58, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Delphi World Money Ltd:
    1. Net Profit Margin: -0.14%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -8.97% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -12.82% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.40
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.50
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 14.9 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.52
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Delphi World Money Ltd. is a Public Limited Listed company incorporated on 09/10/1985 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65990MH1985PLC037697 and registration number is 037697. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 63.65 Cr. and Equity Capital is Rs. 11.13 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & Investments8th Floor, Manek Plaza, Kalina CST Road, Mumbai Maharashtra 400098corp.relations@ebixcash.com
http://www.indiaforexonline.com
Management
NamePosition Held
Mr. Satya Bushan KotruChairman
Mr. Hariprasad Meenoth PanichikkilWhole Time Director
Mr. Vikas VermaNon Executive Director
Mr. Sanjay MalhotraIndependent Director
Mr. Deepak BhanIndependent Director
Ms. Sheetal SinghIndependent Director

FAQ

What is the latest fair value of Delphi World Money Ltd?

The latest fair value of Delphi World Money Ltd is ₹214.43.

What is the Market Cap of Delphi World Money Ltd?

The Market Cap of Delphi World Money Ltd is 226 Cr..

What is the current Stock Price of Delphi World Money Ltd as on 22 July 2024?

The current stock price of Delphi World Money Ltd as on 22 July 2024 is 203.

What is the High / Low of Delphi World Money Ltd stocks in FY 2024?

In FY 2024, the High / Low of Delphi World Money Ltd stocks is 475/173.

What is the Stock P/E of Delphi World Money Ltd?

The Stock P/E of Delphi World Money Ltd is 14.9.

What is the Book Value of Delphi World Money Ltd?

The Book Value of Delphi World Money Ltd is 199.

What is the Dividend Yield of Delphi World Money Ltd?

The Dividend Yield of Delphi World Money Ltd is 0.00 %.

What is the ROCE of Delphi World Money Ltd?

The ROCE of Delphi World Money Ltd is 10.8 %.

What is the ROE of Delphi World Money Ltd?

The ROE of Delphi World Money Ltd is 7.09 %.

What is the Face Value of Delphi World Money Ltd?

The Face Value of Delphi World Money Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Delphi World Money Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE