Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 2:49 am
Author: Getaka|Social: XLinkedIn

Delta Manufacturing Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹65.78Undervalued by 31.04%vs CMP ₹50.20

P/E (15.0) × ROE (58.8%) × BV (₹9.14) × DY (2.00%)

Defaults: P/E=15

₹25.34Overvalued by 49.52%vs CMP ₹50.20
MoS: -98.1% (Negative)Confidence: 53/100 (Moderate)Models: All 3: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹33.7549%Over (-32.8%)
Net Asset ValueAssets₹9.2329%Over (-81.6%)
Revenue MultipleRevenue₹28.1522%Over (-43.9%)
Consensus (3 models)₹25.34100%Overvalued
Key Drivers: EPS CAGR -48.7% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -48.7% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

43
Delta Manufacturing Ltd scores 43/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health36/100 · Weak
ROCE 11.1% AverageROE 58.8% ExcellentD/E 1.47 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 72.1% Stable
Earnings Quality50/100 · Moderate
OPM stable around -5% Steady
Quarterly Momentum35/100 · Weak
Revenue (4Q): -9% YoY Declining
Industry Rank50/100 · Moderate
ROCE 11.1% vs industry 11.2% AverageROE 58.8% vs industry 15.6% Above peers3Y sales CAGR: -11% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:49 am

Market Cap 54.4 Cr.
Current Price 50.2
Intrinsic Value₹25.34
High / Low 116/41.0
Stock P/E
Book Value 9.14
Dividend Yield0.00 %
ROCE11.1 %
ROE58.8 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Delta Manufacturing Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Incap Ltd 41.5 Cr. 80.9 161/64.050.0 32.91.24 %7.61 %4.95 % 10.0
Gujarat Poly Electronics Ltd 44.0 Cr. 51.5 112/43.01.54 16.90.00 %12.5 %20.8 % 10.0
Cosmo Ferrites Ltd 124 Cr. 103 335/90.0 20.10.00 %0.74 %20.5 % 10.0
BCC Fuba India Ltd 231 Cr. 116 191/80.747.1 13.00.00 %18.7 %17.4 % 10.0
PG Electroplast Ltd 13,722 Cr. 481 1,008/46549.6 1020.05 %19.4 %14.9 % 1.00
Industry Average3,369.78 Cr1,197.2657.90160.650.20%11.17%15.55%7.92

All Competitor Stocks of Delta Manufacturing Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 17.4821.3919.7221.0820.7217.0318.0315.7814.3815.1115.7214.3214.15
Expenses 20.5522.4720.8221.7221.2117.8317.8817.2015.9214.9116.2515.3715.50
Operating Profit -3.07-1.08-1.10-0.64-0.49-0.800.15-1.42-1.540.20-0.53-1.05-1.35
OPM % -17.56%-5.05%-5.58%-3.04%-2.36%-4.70%0.83%-9.00%-10.71%1.32%-3.37%-7.33%-9.54%
Other Income 0.280.510.940.260.28-0.37-1.81-0.16-0.05-4.781.770.330.26
Interest 0.951.011.070.981.150.430.520.530.560.500.790.690.75
Depreciation 1.281.211.181.171.180.780.780.800.810.830.810.810.78
Profit before tax -5.02-2.79-2.41-2.53-2.54-2.38-2.96-2.91-2.96-5.91-0.36-2.22-2.62
Tax % 0.40%1.43%1.66%-0.40%-0.79%1.68%-1.35%-0.34%0.00%-1.02%5.56%-1.35%-8.02%
Net Profit -5.04-2.83-2.45-2.52-2.52-2.42-2.92-2.91-2.96-5.85-0.37-2.18-2.41
EPS in Rs -4.64-2.61-2.26-2.32-2.32-2.23-2.69-2.68-2.73-5.39-0.34-2.01-2.22

Last Updated: January 1, 2026, 11:32 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 9:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5156556072101124708880676159
Expenses 475354586896124719185706461
Operating Profit 331235-0-1-3-6-3-3-1
OPM % 6%5%2%3%5%4%-0%-1%-4%-7%-4%-5%-2%
Other Income 10-20101234-0-3-3-3
Interest 1134556644222
Depreciation 1122247545333
Profit before tax 22-6-4-3-4-12-1022-15-10-12-10
Tax % -43%20%23%15%18%-7%2%-31%13%15%-0%-0%
Net Profit 21-7-4-3-3-12-719-17-10-12-10
EPS in Rs 3.821.90-10.54-6.74-5.04-5.15-11.34-6.1817.76-15.43-9.58-11.14-9.36
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-50.00%-800.00%42.86%25.00%0.00%-300.00%41.67%371.43%-189.47%41.18%-20.00%
Change in YoY Net Profit Growth (%)0.00%-750.00%842.86%-17.86%-25.00%-300.00%341.67%329.76%-560.90%230.65%-61.18%

Delta Manufacturing Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:-13%
3 Years:-11%
TTM:-17%
Compounded Profit Growth
10 Years:%
5 Years:6%
3 Years:%
TTM:0%
Stock Price CAGR
10 Years:10%
5 Years:34%
3 Years:6%
1 Year:2%
Return on Equity
10 Years:-21%
5 Years:-24%
3 Years:-34%
Last Year:-40%

Last Updated: September 5, 2025, 2:50 am

Balance Sheet

Last Updated: December 4, 2025, 1:10 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 66666611111111111111
Reserves 25272122184332264427164-1
Borrowings 17293836455762674740402831
Other Liabilities 10131320233432332728282525
Total Liabilities 5876798492140137137130105956865
Fixed Assets 27384245465964604650473130
CWIP 1410050050000
Investments 0000062136200
Other Assets 30343639477071767650463635
Total Assets 5876798492140137137130105956865

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 05-42-12-03-3-421
Cash from Investing Activity + -0-16-2-4-2-71-043-320
Cash from Financing Activity + 1136046-3-2-26-10-4-1
Net Cash Flow 110-211-2114-17-0-0
Free Cash Flow -1-11-6-0-4-5-42-12-5-0-1
CFO/OP 6%177%-335%136%-33%52%-124%-615%71%39%-57%-33%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-14.00-26.00-37.00-34.00-42.00-52.00-62.00-68.00-50.00-46.00-43.00-31.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 887910096100125981791139510389
Inventory Days 198192192213169187149340181232242175
Days Payable 118123168178143146119282147172203164
Cash Conversion Cycle 168149124131126166128237147155142100
Working Capital Days 8618-5-35-38-25-41-119-64-65-97-88
ROCE %5%4%0%0%3%1%-6%-5%-7%-10%-7%-11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.08%72.08%72.08%72.08%72.12%72.12%72.12%72.12%72.12%72.12%72.12%72.12%
DIIs 0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%0.08%
Public 27.84%27.83%27.84%27.84%27.80%27.81%27.81%27.79%27.80%27.80%27.80%27.80%
No. of Shareholders 14,33914,14614,72213,03012,74812,56612,57712,19912,16012,51012,24711,870

Shareholding Pattern Chart

No. of Shareholders

Delta Manufacturing Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -11.14-9.57-15.6517.76-6.19
Diluted EPS (Rs.) -11.14-9.57-15.6517.76-6.19
Cash EPS (Rs.) -8.00-5.43-10.9621.65-0.85
Book Value[Excl.RevalReserv]/Share (Rs.) 6.5624.7534.5950.8933.90
Book Value[Incl.RevalReserv]/Share (Rs.) 6.5624.7534.5950.8933.90
Revenue From Operations / Share (Rs.) 56.2177.0273.3981.0795.81
PBDIT / Share (Rs.) -2.45-1.15-3.79-2.362.89
PBIT / Share (Rs.) -5.44-5.29-8.26-6.25-2.44
PBT / Share (Rs.) -7.55-9.58-13.6813.30-8.67
Net Profit / Share (Rs.) -11.00-9.57-15.4317.76-6.19
NP After MI And SOA / Share (Rs.) -11.14-9.57-15.4317.76-6.19
PBDIT Margin (%) -4.35-1.49-5.16-2.913.01
PBIT Margin (%) -9.68-6.87-11.25-7.71-2.54
PBT Margin (%) -13.44-12.44-18.6416.40-9.04
Net Profit Margin (%) -19.56-12.42-21.0121.90-6.45
NP After MI And SOA Margin (%) -19.82-12.42-21.0121.90-6.45
Return on Networth / Equity (%) -169.84-38.67-44.5834.90-18.25
Return on Capital Employeed (%) -28.92-16.00-18.65-10.54-5.68
Return On Assets (%) -17.89-10.91-15.8814.86-4.91
Long Term Debt / Equity (X) 0.270.130.150.130.19
Total Debt / Equity (X) 3.881.471.070.841.47
Asset Turnover Ratio (%) 0.740.830.670.700.57
Current Ratio (X) 0.690.750.871.080.79
Quick Ratio (X) 0.450.470.550.810.53
Inventory Turnover Ratio (X) 4.451.681.651.661.26
Interest Coverage Ratio (X) -1.12-0.26-1.08-0.570.46
Interest Coverage Ratio (Post Tax) (X) -2.46-1.23-2.92-2.170.01
Enterprise Value (Cr.) 88.21139.49112.83102.5083.27
EV / Net Operating Revenue (X) 1.451.671.421.170.80
EV / EBITDA (X) -33.20-111.59-27.43-39.9426.55
MarketCap / Net Operating Revenue (X) 0.991.210.920.840.32
Price / BV (X) 8.553.761.971.340.90
Price / Net Operating Revenue (X) 0.991.210.920.840.32
EarningsYield -0.19-0.10-0.220.26-0.20

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Delta Manufacturing Ltd. is a Public Limited Listed company incorporated on 23/09/1982 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L32109MH1982PLC028280 and registration number is 028280. Currently Company is involved in the business activities of Manufacture of other articles. Company's Total Operating Revenue is Rs. 61.00 Cr. and Equity Capital is Rs. 10.85 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electronics - Equipment/ComponentsB-87, MIDC, Ambad, Nasik Maharashtra 422010Contact not found
Management
NamePosition Held
Mr. Jaydev ModyChairman, Non Ind & Non Exe Director
Dr. Ram H ShroffExec. Vice Chairman & Mang Dir
Ms. Anjali ModyNon Executive Director
Mr. Darius KhambattaIndependent Director
Mr. Jehangir AibaraIndependent Director
Mr. Kaarshan AwatramaniIndependent Director
Mr. Aurobind PatelIndependent Director

FAQ

What is the intrinsic value of Delta Manufacturing Ltd and is it undervalued?

As of 10 April 2026, Delta Manufacturing Ltd's intrinsic value is ₹25.34, which is 49.52% lower than the current market price of ₹50.20, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (58.8 %), book value (₹9.14), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Delta Manufacturing Ltd?

Delta Manufacturing Ltd is trading at ₹50.20 as of 10 April 2026, with a FY2026-2027 high of ₹116 and low of ₹41.0. The stock is currently near its 52-week low. Market cap stands at ₹54.4 Cr..

How does Delta Manufacturing Ltd's P/E ratio compare to its industry?

Delta Manufacturing Ltd has a P/E ratio of , which is below the industry average of 57.90. This is broadly in line with or below the industry average.

Is Delta Manufacturing Ltd financially healthy?

Key indicators for Delta Manufacturing Ltd: ROCE of 11.1 % is moderate; ROE of 58.8 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Delta Manufacturing Ltd profitable and how is the profit trend?

Delta Manufacturing Ltd reported a net profit of ₹-12 Cr in Mar 2025 on revenue of ₹61 Cr. Compared to ₹19 Cr in Mar 2022, the net profit shows a declining trend.

Does Delta Manufacturing Ltd pay dividends?

Delta Manufacturing Ltd has a dividend yield of 0.00 % at the current price of ₹50.20. The company is currently not paying meaningful dividends.

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 Delta Manufacturing 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
Explore Industry-wise Stock Analysis Reports