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Swing Capital

Delphi World Money Ltd

NSE: DELPHIFX BSE: 533452

Incorporated in 1985, Delphi World Money Ltd is in the business of Foreign Exchange services and related activities[1]

₹11.5
52W: ₹7.39 — ₹18.4
PE 27.2 · Book ₹9.4 · +22% vs book
Market Cap₹282 Cr
Stock P/E27.2Price to Earnings
ROCE7.24%Return on Capital
ROE4.02%Return on Equity
Div. Yield0%Face Value ₹2

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of -16.4% over past five years.
  • −Company has a low return on equity of 3.46% over last 3 years.
  • −Contingent liabilities of Rs.131 Cr.
  • −Earnings include an other income of Rs.12.5 Cr.
  • −Company has high debtors of 157 days.
  • −Promoter holding has decreased over last 3 years: -28.2%

Shareholding Pattern

Promoters61.32%
FIIs0.02%
DIIs0%
Public38.66%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters75%75%75%75%75%75%61.32%▼13.761.32%
FIIs0%0%0%0%0%0%0.52%▲0.50.02%▼0.5
DIIs0%0%0.13%▲0.10.24%▲0.10%▼0.20%0%0%
Public24.99%25%▲0.024.87%▼0.124.76%▼0.125%▲0.225.02%▲0.038.17%▲13.238.66%▲0.5

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales21.2221.3615.5115.2814.2912.5812.5611.9411.9411.38
Expenses18.8119.2314.5414.1318.2213.239.619.6610.4310.66
Operating Profit2.412.130.971.15-3.93-0.652.952.281.510.72
OPM %11.36%9.97%6.25%7.53%-27.5%-5.17%23.49%19.1%12.65%6.33%
Net Profit3.93.343.433.570.17-5.832.874.512.650.24
EPS ₹0.160.140.140.150.01-0.240.120.180.110.01

AI Insights

Revenue Trend

TTM revenue at ₹48Cr, down 35.1% YoY. OPM at 16%.

Debt Position

Borrowings at ₹11Cr. Debt-to-equity ratio: 0.05x. Healthy balance sheet.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.02% (+0.02pp change). Promoters hold 61.32%.

Margin & Efficiency

ROCE declining from 21% (Mar 2014) to 7% (Mar 2025). Working capital days: 457.

Valuation

PE 27.2x with 7.24% ROCE. Price is 22% above book value of ₹9.4. Dividend yield: 0%.

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