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Delta Manufacturing Limited
(DELTAMAGNT)
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Rating:45Neutral
Price Target:
₹58.00
▼(-0.26% Downside)
Action:Reiterated
Date:09/06/26
The score is weighed down primarily by weak financial performance—ongoing losses, a sharply reduced equity cushion, and negative free cash flow—implying elevated balance-sheet and funding risk. Technical indicators are neutral and provide only limited near-term support, while valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Revenue Rebound
The 2026 revenue rebound provides evidence that demand or business activity recovered modestly after several weaker years. Although the improvement is limited, continued stabilization could support operating leverage and create a base for broader recovery over the next several quarters.
Negative Factors
Severely Deteriorated Equity Cushion
The sharp reduction in shareholders’ equity leaves the company with a very thin cushion against additional losses. With debt remaining roughly ₹400M in most years, the weakened capital base increases balance-sheet vulnerability and limits flexibility to fund operations or absorb setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The 2026 revenue rebound provides evidence that demand or business activity recovered modestly after several weaker years. Although the improvement is limited, continued stabilization could support operating leverage and create a base for broader recovery over the next several quarters.
Read all positive factors
Delta Manufacturing Limited (DELTAMAGNT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹618.51M
Dividend YieldN/A
Average Volume (3M)714.00
Price to Earnings (P/E)―
Beta (1Y)1.28
Revenue Growth3.75%
EPS Growth7.31%
CountryIN
Employees306
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)-9.72
Shares Outstanding10,851,120
10 Day Avg. Volume553
30 Day Avg. Volume714
Financial Highlights & Ratios
PEG Ratio-1.55
Price to Book (P/B)21.74
Price to Sales (P/S)0.81
P/FCF Ratio-4.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Delta Manufacturing Limited Business Overview & Revenue Model
Company Description
Delta Manufacturing Limited manufactures and sells hard ferrites, soft ferrites, textile woven labels, heat transfer labels, fabric printed labels, and elastic/woven tape in India and internationally. The company operates through Hard Ferrites and...
Delta Manufacturing Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
18
Very Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 672.42M | 618.67M | 609.95M | 673.69M | 796.34M | 879.68M |
| Gross Profit | 157.88M | 80.87M | 14.73M | 470.74M | 447.24M | 452.09M |
| EBITDA | 34.85M | 31.87M | -25.71M | -14.50M | -62.04M | 231.01M |
| Net Income | -105.35M | -124.08M | -120.89M | -103.88M | -167.38M | 192.74M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 684.51M | 675.60M | 951.58M | 1.05B | 1.30B |
| Cash, Cash Equivalents and Short-Term Investments | 34.98M | 34.98M | 4.85M | 51.84M | 68.06M | 207.73M |
| Total Debt | 0.00 | 399.50M | 281.10M | 398.56M | 401.87M | 473.92M |
| Total Liabilities | -23.05M | 661.46M | 529.58M | 682.97M | 678.00M | 744.76M |
| Stockholders Equity | 23.05M | 23.05M | 146.02M | 268.61M | 375.38M | 552.18M |
Cash Flow | ||||||
| Free Cash Flow | -22.32M | -122.86M | -33.43M | -3.00M | -47.96M | -127.63M |
| Operating Cash Flow | -8.97M | -7.64M | -15.22M | 16.08M | -41.51M | -31.65M |
| Investing Cash Flow | -8.89M | -100.59M | -1.44M | 22.78M | -32.51M | 428.35M |
| Financing Cash Flow | 16.70M | 111.58M | 14.97M | -40.30M | -95.94M | -256.04M |
Delta Manufacturing Limited Technical Analysis
Negative
58.15
Price Trends
58.51
Negative
60.23
Negative
61.90
Negative
Market Momentum
-0.32
Positive
46.07
Neutral
55.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DELTAMAGNT, the sentiment is Negative. The current price of 58.15 is below the 20-day moving average (MA) of 58.23, below the 50-day MA of 58.51, and below the 200-day MA of 61.90, indicating a bearish trend. The MACD of -0.32 indicates Positive momentum. The RSI at 46.07 is Neutral, neither overbought nor oversold. The STOCH value of 55.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DELTAMAGNT.
Delta Manufacturing Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | ₹8.75B | 143.20 | ― | 0.11% | 42.34% | -20.35% | |
57 Neutral | ₹30.52B | 27.12 | ― | 0.63% | 9.58% | 2.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹932.06M | 10.43 | ― | 1.70% | 76.93% | -22.99% | |
50 Neutral | ₹129.47B | 121.38 | ― | 0.14% | 8.55% | -74.66% | |
47 Neutral | ₹532.47M | -8.55 | ― | ― | -17.43% | -2365.00% | |
45 Neutral | ₹618.51M | -5.75 | ― | ― | 3.75% | 7.31% |
* General Sector Average
IN:DELTAMAGNT
Delta Manufacturing Limited
57.00
-29.39
-34.02%
IN:GANGAFORGE
Ganga Forging Ltd.
1.58
-1.43
-47.51%
IN:HILTON
Hilton Metal Forging Limited
18.11
-27.80
-60.55%
IN:MMFL
MM Forgings Limited
632.10
306.00
93.84%
IN:RKFORGE
Ramkrishna Forgings Ltd
710.70
133.98
23.23%
IN:TIRUPATIFL
Tirupati Forge Ltd.
69.12
30.35
78.28%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.