Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep - Newspaper Advertisement in relation to AGM and Book Closure
Source: Bse
Delta Manufacturing Limited (DELTAMAGNT)
Small CapMetals stocks · Small cap · NSE
Delta Manufacturing Limited operates in Magnets, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result12 Aug, 07:29 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
47NeutralSMA20 -1.9% / mo · MACD +
Stock trend: 45
Sector RS: 50
Sector 3M: -4.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
DELTAMAGNTD candles · FIT view-8.2%Latest close ₹58.21 on 2026-10-19
Bar
+0.5%
RSI
57
MACD hist
0.24
52W pos
32%
2026-10-19O ₹57.90H ₹61.45L ₹55.76C ₹58.21Vol 13,237 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
DELTAMAGNTNifty MetalNifty 500
- DELTAMAGNT
- -0.7%
- Nifty 500
- -5.6%
- Nifty Metal
- -3.8%
- Vs Nifty 500
- +4.9 pp
Chart stats
19 Oct 2026- From 52W high
- -32.3%
- 52W range position
- 31%
- ATR (14)
- 5.2%
- Volume vs 20D
- 4.97x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹53 - ₹61.5
₹86
₹45.5 - ₹86
₹3
Latest completed session
20-session average
43.1% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · OVERVALUED9
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average45
Revenue +33.2% · PAT NDF YoY
Technical
Neutral47
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence49
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 45/100Rev +33% YoY · margin expansion
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹19.1 Cr | +33.2% | +3.2% |
| EBITDA | ₹1.1 Cr | +208.6% | +72.7% |
| Operating margin | 6.0% | +1330 bps | +240 bps |
| PAT | ₹-0.3 Cr | NDF | NDF |
| PAT margin | -1.6% | +1360 bps | +1255 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 25.90
- EV/EBITDA
- 20.12
- Market Cap
- 60.60Cr
Profitability
- ROE
- -12.50%
- ROCE
- -0.45%
- ROA
- -16.18%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -3.00%
- EPS 5Y
- 13.00%
- Revenue 3Y
- -8.00%
- EPS 3Y
- 24.00%
Balance Sheet
- Debt/Equity
- 20.00
- Interest Coverage
- 1.00×
- Altman Z
- 1.46
- Book Value
- 2.12
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- 1.00 Cr
- EPS TTM
- -9.71
Shareholding
- Promoter Hold
- 72.12%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 29%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 19.1+3.2% vs prev
Net Profit
₹ CrLatest: -0.3+88.2% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 57. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~1.9% over last month) — short-term momentum negative.
- RSI(14) at 57 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 31% off 52W high · 28% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
40
RS percentile
Stage 1 Base / Transition
1M return
+5.9%
3M return
-0.7%
6M return
-7.5%
1Y return
-24.4%
RS 1D
+7
RS 20D
+14
Sector rank
#4
Industry rank
#18
Stage evidence
- Price is within 0.4% of the 30-week proxy.
- The 30-week proxy changed -0.4% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price above
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 73.04+5.47%
RS vs Nifty 50073
Valuation & peers
U-Score 9 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 9 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation2/30
Growth10/25
Quality0/20
Balance Sheet0/15
Cash Flow4/10
Piotroski
3/9 (+1)
Penalties
-8
Raw sum
9
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
9/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 10/25 to the score.
- Cash flow contributes 4/10 to the score.
- Valuation contributes 2/30 to the score.
Main drags
- Altman Z is 1.5, in distress territory.
- Penalty bucket subtracts 8 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
—
PB
25.9
EV/EBITDA
20.1
ROE
-12.5%
ROCE
-0.5%
FCF Yield
—
Debt/Equity
20.0
MoS
—
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Debt/equity is 20.0, so downturn resilience matters.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
9
Previous: 9
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
9
9
9
9
9
9
9
9
9
9
9
9
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
41.8
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
HISARMETAL
Small
Hisar Metal Industries Limited
Metals
match 62
25
16.5
5.0%
-311%
OVERVALUED
GOYALALUM
Small
Goyal Aluminiums Limited
Metals
match 60
36
17.4
12.9%
+49%
WATCHLIST
OWAIS
SME
Owais Metal and Mineral Processing Ltd.
Metals
match 47
18
81.8
1.5%
-17249%
OVERVALUED
ARFIN
Small
Arfin India Limited
Metals
match 47
27
80.3
9.4%
-165%
OVERVALUED
CUBEXTUB
Small
Cubex Tubings Limited
Metals
match 46
32
31.5
9.4%
-27%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Delta Manufacturing Limited operates in Magnets, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
49Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 6th percentile of the scored universe and 6th percentile within Metals. Main check: balance sheet trust is weak at 8/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
2 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
6th percentile
overall median 67 · Metals: 6th pctile, median 70 · Small: 7th pctile, median 66
Evidence depth
Financial-only
2 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
8
weak · leverage and solvency
Discipline
22
weak · capital discipline
Results
57
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 72.1%.
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Debt/equity is 20.00.
- ▸Altman Z is 1.48.
- ▸Interest coverage is 1.0x.
- ▸ROCE is low at -0.4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Delta Manufacturing Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Apr - Newspaper Advertisement regarding receipt of re-lodgement request
Source: Bse
Announcement
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 3 Apr
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Intimation Pursuant To Regulation 36(1)(B) Of Listing Regulations 7 Sep - 44th AGM on 30 September 2026 via VC/OAVM; annual report 2025-26 web link shared.
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.