Delta Manufacturing Limited (DELTAMAGNT)

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Delta Manufacturing Limited (DELTAMAGNT) · mywealthgrid

About

Delta Manufacturing Limited operates in Other Industrial Products within the Industrials sector.

Face value: ₹10

Market cap

₹59 Cr

P/E

—

P/B

25.5×

Dividend yield

ROE

-146.9%

ROCE

18.1%

Debt / equity

OPM

EPS (TTM)

₹-9.7

Book value

₹2.1

52-week high

—

52-week low

—

2,436 historical price candles were omitted because the exchange source has not been verified.

₹54.1-5.2%1Y

Quick read

rule-based

Pros

+High promoter holding of 72.1% with no pledge

Cons

−Low return on equity of -79.2% (3-yr avg)
−Thin operating margin of 7%
−Revenue shrank over the last 5 years (-9.9% a year)
−Heavily leveraged (debt/equity 17)
−Trading at 25.5× book value

Research score

Structured signal from quality, growth, valuation and momentum.

26/100

Business quality: 14
Growth: 50
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	73	73	79	124	104	88	80	84	61	62
COGS	27	27	30	55	45	35	28	31	24	23
Gross profit	46	46	49	69	59	53	51	53	37	39
	42	42	47	69	57	56	57	55	41	38
	4	4	2	-0	3	-3	-6	-2	-3	1
OPM %	5%	5%	2.8%	-0.1%	2.5%	-4%	-7.3%	-2.8%	-5.4%	1.7%
Depreciation	2	2	2	7	6	4	5	4	3	3
Interest	5	5	5	6	7	4	4	5	2	1
	1	1	0	1	1	34	-0	1	-3	-10
Profit before tax	-3	-3	-4	-12	-9	22	-15	-10	-12	-12
Tax	1	1	0	0	-3	3	2	-0	-0	0
Tax %	26.4%	26.4%	1.9%	2.3%	-28.6%	12.9%	14.7%	-0.3%	-0.4%	0.7%
	-3	-3	-4	-12	-7	19	-17	-10	-12	-12
PAT margin %	-4.5%	-4.5%	-5.5%	-9.9%	-6.5%	21.9%	-21%	-12.4%	-19.8%	-20.1%
EPS (₹)	-5	-5	-6.9	-11.3	-6.2	17.8	-15.4	-9.6	-11.1	-11.4
EPS adjusted (₹)	-5	-5	-4	-10.3	-5.5	17	-15.4	-9.6	-11.1	-11.4
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	6	6	11	11	11	11	11	11	11	11
Reserves	26	18	43	32	26	44	27	16	4	-9
Minority interest	—	—	—	—	—	—	—	—	—	0
	32	41	55	57	65	47	40	40	28	39
	16	27	32	37	35	28	28	29	25	27
Total equity & liabilities	80	92	140	137	137	130	105	95	68	68
	—	42	55	60	60	46	50	47	31	36
CWIP	1	0	—	—	0	5	0	0	0	0
Investments	—	—	6	2	1	3	6	2	0	0
	79	50	79	75	76	76	50	46	36	33
Total assets	80	92	140	137	137	130	105	95	68	68

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Textiles	61.87	1.69	48.62	26.62	22	7.68
Ferrites	2.35	-11.42

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	61.8%	55.8%	57%	59.8%	64.3%	62.9%	61.1%	62.6%
EBITDA margin %	2.8%	-0.1%	2.5%	-4%	-7.3%	-2.8%	-5.1%	7%
EBIT margin %	0%	-5.5%	-3%	-8.8%	-13.4%	-8.1%	-10.4%	2.5%
PAT margin %	-5.5%	-9.9%	-6.5%	21.9%	-21%	-12.4%	-19.8%	-20.1%
Working capital
Receivable days	159	98	121	113	95	83	89	72
Inventory days	235	149	192	181	232	189	175	128
Payable days	13	10	159	147	172	159	164	132
NWC days	381	237	154	147	155	113	100	69
Leverage
Current ratio	1.07	0.9	0.76	1.08	0.87	0.75	0.7	0.48
Debt to EBITDA	25	—	24.87	—	—	—	—	9.03
Debt to equity	1.01	1.34	1.76	0.85	1.07	1.47	1.89	17
Interest coverage	0.1	-1	-0.4	-1.5	-2.4	-1.2	-2.5	3.9
Asset turnover	0.56	0.91	0.76	0.68	0.76	0.88	0.9	0.9
Return ratios
Return on assets %	-3.1%	-9%	-4.9%	14.9%	-15.9%	-10.9%	-17.9%	-18.1%
Return on capital employed %	0.5%	-9.2%	-5.1%	-12.2%	-16%	-13.7%	-21%	18.1%
Return on equity %	-8%	-28.8%	-18.2%	34.9%	-44.6%	-38.7%	-82.8%	-539.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.08%	72.08%	72.12%	72.12%	72.12%	72.12%	72.12%	72.12%	72.12%	72.12%	72.12%	72.12%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	27.84%	27.84%	27.8%	27.8%	27.8%	27.8%	27.8%	27.8%	27.8%	27.8%	27.8%	27.8%
No. of shareholders	—	—	—	—	—	—	—	—	12,247	11,870	11,693	11,618

Promoter holding up 0.04 percentage points since Sep 2023.

21 deals · 30 Jun 2023 – 28 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Jul 2026	AMIT KUMAR JAIN	Bulk	NSE	Sell	70,046	₹67.43	₹0.47 Cr
28 Jul 2026	AMIT KUMAR JAIN	Bulk	NSE	Buy	33,528	₹65.41	₹0.22 Cr
3 Dec 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	74,068	₹130.25	₹0.96 Cr
3 Dec 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	74,068	₹130.01	₹0.96 Cr
3 Dec 2024	ARPIT JAIN HUF	Bulk	NSE	Sell	57,134	₹134.27	₹0.77 Cr
3 Dec 2024	ARPIT JAIN HUF	Bulk	NSE	Buy	57,134	₹135.42	₹0.77 Cr
4 Mar 2024	SPEED POWER PRIVATE LIMITED	Bulk	NSE	Buy	1,00,000	₹132.75	₹1.33 Cr
2 Jan 2024	INDRA KIRAN VENTURES	Bulk	NSE	Buy	85,000	₹113.57	₹0.97 Cr
2 Jan 2024	INDRA KIRAN VENTURES	Bulk	NSE	Sell	75,000	₹113.58	₹0.85 Cr
2 Jan 2024	ARPIT JAIN HUF	Bulk	NSE	Buy	70,508	₹112.84	₹0.80 Cr

1–10 of 21

1 / 3

Mr. Jaydev Mukund ModyNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Ram Hemant ShroffExecutive Director-MD
Mr. Abhilash SunnyChief Financial Officer
Mr. Darius Khushroo KhambattaNon-Executive - Independent Director
Mr. Aurobind Ashabhai PatelNon-Executive - Independent Director
Mr. Jehangir Homi AibaraNon-Executive - Independent Director
Mr. Kaarshan S AwatramaniNon-Executive - Independent Director
Ms. Anjali ModyNon-Executive - Non Independent Director
Ms. Madhuri Amar PawarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Delta Manufacturing Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results12 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

7 announcementsExport CSV

30 Sept 2026, 5:36 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	61.8%	55.8%	57%	59.8%	64.3%	62.9%	61.1%	62.6%
EBITDA margin %	2.8%	-0.1%	2.5%	-4%	-7.3%	-2.8%	-5.1%	7%
EBIT margin %	0%	-5.5%	-3%	-8.8%	-13.4%	-8.1%	-10.4%	2.5%
PAT margin %	-5.5%	-9.9%	-6.5%	21.9%	-21%	-12.4%	-19.8%	-20.1%
Working capital
Receivable days	159	98	121	113	95	83	89	72
Inventory days	235	149	192	181	232	189	175	128
Payable days	13	10	159	147	172	159	164	132
NWC days	381	237	154	147	155	113	100	69
Leverage
Current ratio	1.07	0.9	0.76	1.08	0.87	0.75	0.7	0.48
Debt to EBITDA	25	—	24.87	—	—	—	—	9.03
Debt to equity	1.01	1.34	1.76	0.85	1.07	1.47	1.89	17
Interest coverage	0.1	-1	-0.4	-1.5	-2.4	-1.2	-2.5	3.9
Asset turnover	0.56	0.91	0.76	0.68	0.76	0.88	0.9	0.9
Return ratios
Return on assets %	-3.1%	-9%	-4.9%	14.9%	-15.9%	-10.9%	-17.9%	-18.1%
Return on capital employed %	0.5%	-9.2%	-5.1%	-12.2%	-16%	-13.7%	-21%	18.1%
Return on equity %	-8%	-28.8%	-18.2%	34.9%	-44.6%	-38.7%	-82.8%	-539.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Hbl Engineering LimitedHBLENGINEHBLENGINE	₹21,604 Cr	₹21,648 Cr	₹2,718 Cr	₹716 Cr	33.7%	₹537 Cr	24.7%	57.1%	44.1%	171
Inox India LimitedINOXINDIAINOXINDIA	₹19,688 Cr	₹19,758 Cr	₹1,618 Cr	₹343 Cr	21.6%	₹255 Cr	16.3%	34.7%	25.9%	241
Krn Heat Exchanger And Refrigeration LimitedKRNKRN	₹9,266 Cr	₹9,454 Cr	₹737 Cr	₹144 Cr	18.7%	₹97 Cr	12.7%	19.2%	14.3%	208
Esab India LimitedESABINDIAESABINDIA	₹8,471 Cr	₹8,471 Cr	₹1,577 Cr	₹290 Cr	17.9%	₹222 Cr	13.7%	62.6%	52.3%	34
Subros LimitedSUBROSSUBROS	₹4,466 Cr	₹4,495 Cr	₹3,909 Cr	₹323 Cr	8.6%	₹166 Cr	4.4%	18.8%	14.2%	34
Harsha Engineers International LimitedHARSHAHARSHA	₹4,318 Cr	₹4,689 Cr	₹1,719 Cr	₹252 Cr	14.7%	₹155 Cr	9.5%	15.4%	11.7%	171
Ador Welding LimitedADORADOR	₹2,732 Cr	₹2,733 Cr	₹1,198 Cr	₹153 Cr	10.6%	₹114 Cr	7.2%	21.8%	15.4%	53
Diffusion Engineers LimitedDIFFNKGDIFFNKG	₹1,737 Cr	₹1,765 Cr	₹436 Cr	₹61 Cr	14.1%	₹55 Cr	12.4%	16.6%	13%	159
Mic Electronics LimitedMICELMICEL	₹868 Cr	₹912 Cr	₹223 Cr	₹25 Cr	13.3%	₹-12 Cr	-6.6%	9.8%	-5.8%	278
Technocrats Plasma Systems LtdTECHNOCRATTECHNOCRAT	₹716 Cr	—	—	—	—	—	—	—	—	—
Hy-Tech Engineers LimitedHTELHTEL	₹692 Cr	₹721 Cr	₹189 Cr	₹42 Cr	22%	₹23 Cr	11.9%	23.1%	20.2%	—
Mallcom (India) LimitedMALLCOMMALLCOM	₹580 Cr	₹700 Cr	₹527 Cr	₹56 Cr	11.2%	₹27 Cr	5.6%	15.4%	9.7%	159

Date	Category	Subject	Filing
30 Sept 2026, 5:36 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Sept 2026, 6:15 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
8 Sept 2026, 2:56 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
7 Sept 2026, 3:01 pm	Company Update General	Intimation Pursuant To Regulation 36(1)(B) Of Listing Regulations	PDF
7 Sept 2026, 2:57 pm	Corp. Action Book Closure	Intimation Of Book Clsoure For The Purpose Of Annual General Meeting	PDF
7 Sept 2026, 2:51 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
7 Sept 2026, 2:40 pm	AGM/EGM AGM	Notice Of Annual General Meeting And Intimation Of Book Closure Date.	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-4	2	-1	2	-0	3	-3	-4	2	1	1
	-2	-4	-2	-13	1	-0	43	-3	2	0	-10
	6	0	4	6	-3	-2	-26	-10	-4	-1	9
Net cash flow	—	-2	1	-5	-2	1	14	-17	-0	-0	0
Free cash flow	-6	—	—	—	—	2	-13	-5	-0	-1	-11
CFO / Operating profit %	—	61.1%	-37.5%	81.7%	—	132.6%	—	—	—	—	15.2%

Delta Manufacturing Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

Announcements

Not in the F&O segment

No fund holdings on record

1

Announcements

Annual reports

Segment results

Compounded sales growth

Return on equity

Ferrites · revenue

Delta Manufacturing Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Ferrites · revenue

1

1