Delta Manufacturing Limited (DELTAMAGNT) AI Stock Analysis

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Delta Manufacturing Limited

(NSE:DELTAMAGNT)

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Rating:45Neutral

Price Target:INR 52.00▼(-7.54% 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 ReboundThe 2026 revenue rebound indicates that demand or commercial execution improved after several weaker years. Although modest, renewed top-line growth can provide a base for operating leverage and better capacity utilization if management sustains the improvement over the next several reporting periods.

Negative Factors

Persistent Net LossesMulti-year net losses show that the business has not yet established sustainable bottom-line profitability. Continued losses reduce retained capital, weaken financial resilience, and make future growth more dependent on an operating turnaround rather than internally generated earnings.

Delta Manufacturing Limited (DELTAMAGNT) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 597.57M
Dividend Yield: ―
Average Volume (3M): 595
Price to Earnings (P/E): -6.3
Beta (1Y): 1.10
Revenue Growth: 20.20%
EPS Growth: 11.83%
Country: India
Employees: 251
Sector: General
Sector Strength: 55
Industry: Manufacturing - Metal Fabrication

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 Te...

Delta Manufacturing Limited Financial Statement Overview

Summary

Overall financials are highly stressed: multi-year net losses, sharply deteriorated equity base (raising leverage risk), and persistently negative free cash flow. A modest revenue rebound and positive operating profit in 2026 are early positives, but they do not yet offset the ongoing net loss and cash burn.

Income Statement

24Negative

Balance Sheet

18Very Negative

Cash Flow

16Very Negative

Financial statement breakdown
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	25.63M	-25.71M	-14.50M	-62.04M	234.91M
Net Income	-105.35M	-124.08M	-120.89M	-103.88M	-167.38M	192.74M
Balance Sheet
Total Assets	0	684.51M	675.60M	951.58M	1.05B	1.30B
Cash, Cash Equivalents and Short-Term Investments	34.98M	32.51M	4.85M	51.84M	68.06M	207.73M
Total Debt	0	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

Technical Analysis SentimentNegative

Last Price56.24

Price Trends

50DMA56.59Negative

100DMA57.91Negative

200DMA59.14Negative

Market Momentum

MACD0.07Negative

RSI49.28Neutral

STOCH89.59Negative

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 56.24 is above the 20-day moving average (MA) of 56.16, below the 50-day MA of 56.59, and below the 200-day MA of 59.14, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 49.28 is Neutral, neither overbought nor oversold. The STOCH value of 89.59 is Negative, 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:DELTAMAGNT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:MMFL	62Neutral	INR 30.80B	23.91	―	0.58%	21.52%	44.72%
IN:RKFORGE	62Neutral	INR 143.13B	76.18	―	0.38%	25.19%	-38.28%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TIRUPATIFL	50Neutral	INR 8.66B	94.71	―	―	48.01%	48.82%
IN:DELTAMAGNT	45Neutral	INR 622.85M	-6.26	―	―	20.20%	11.83%
IN:HILTON	45Neutral	INR 782.81M	9.14	―	―	76.93%	-22.99%
IN:GANGAFORGE	37Underperform	INR 438.11M	-6.71	―	―	-17.43%	-2365.00%

* General Sector Average

Performance Comparison

IN:DELTAMAGNT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:DELTAMAGNT	Delta Manufacturing Limited	56.24	-15.76	-21.89%
IN:GANGAFORGE	Ganga Forging Ltd.	1.24	-1.39	-52.83%
IN:HILTON	Hilton Metal Forging Limited	15.92	-23.28	-59.39%
IN:MMFL	MM Forgings Limited	685.15	378.82	123.67%
IN:RKFORGE	Ramkrishna Forgings Ltd	784.25	230.18	41.54%
IN:TIRUPATIFL	Tirupati Forge Ltd.	65.76	30.83	88.26%

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.

Date of analysis: Sep 06, 2026

Delta Manufacturing Limited AI Stock Analysis