Delta Manufacturing Limited (DELTAMAGNT) AI Stock Analysis

Delta Manufacturing Limited

(NSE:DELTAMAGNT)

Select Model

Rating:46Neutral

Price Target:INR 52.00▼(-4.50% Downside)

Action:reiterated

Date:09/06/26

Low score primarily due to weak financial performance from persistent losses, eroding equity and negative cash flows. Neutral technical indicators offer limited offset while negative P/E weighs on valuation.

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 589.65M
Dividend Yield: ―
Average Volume (3M): 691
Price to Earnings (P/E): -5.6
Beta (1Y): 1.30
Revenue Growth: 3.75%
EPS Growth: 7.31%
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

Weak financial performance with declining revenue from 879M to 609M, persistent net losses averaging over 100M annually, equity eroded to 23M, high leverage with debt-to-equity near 17, and mostly negative cash flows, offset slightly by minor 2026 revenue rebound.

Income Statement

25Negative

Balance Sheet

15Very Negative

Cash Flow

20Very 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 Price54.45

Price Trends

50DMA56.93Negative

100DMA58.21Negative

200DMA59.64Negative

Market Momentum

MACD-0.47Positive

RSI48.20Neutral

STOCH40.57Neutral

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 54.45 is below the 20-day moving average (MA) of 56.12, below the 50-day MA of 56.93, and below the 200-day MA of 59.64, indicating a bearish trend. The MACD of -0.47 indicates Positive momentum. The RSI at 48.20 is Neutral, neither overbought nor oversold. The STOCH value of 40.57 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

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	64Neutral	INR 23.18B	21.28	―	0.80%	9.58%	2.00%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:RKFORGE	54Neutral	INR 117.71B	67.48	―	0.14%	25.19%	-38.28%
IN:TIRUPATIFL	50Neutral	INR 8.96B	139.38	―	―	42.34%	-20.35%
IN:DELTAMAGNT	46Neutral	INR 603.32M	-5.60	―	―	3.75%	7.31%
IN:GANGAFORGE	43Neutral	INR 471.81M	-7.53	―	―	-17.43%	-2365.00%
IN:HILTON	40Underperform	INR 814.72M	8.86	―	―	76.93%	-22.99%

* 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	55.59	-18.91	-25.38%
IN:GANGAFORGE	Ganga Forging Ltd.	1.39	-1.41	-50.43%
IN:HILTON	Hilton Metal Forging Limited	15.27	-22.18	-59.22%
IN:MMFL	MM Forgings Limited	498.15	191.72	62.57%
IN:RKFORGE	Ramkrishna Forgings Ltd	696.00	162.81	30.53%
IN:TIRUPATIFL	Tirupati Forge Ltd.	67.62	29.08	75.45%

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