Delta Manufacturing Ltd. Share Price

DELTA MANUFACTURING — THE TURNAROUND IS STARTING TO SHOW ⚙️

Small base. Tough past. But the operating trend is finally beginning to change. Delta Manufacturing is a niche manufacturing business with roots in hard ferrites, soft ferrites and engineered textile products such as woven labels, heat-transfer labels and elastic/woven tapes. For years, the biggest problem wasn't the market opportunity. It was profitability. FY26 revenue increased around 11% to ₹61.87 crore, but the company still reported an operating loss of ₹8.78 crore and a net loss of ₹12.41 crore. Then came Q1 FY27. Revenue jumped 33% YoY to ₹19.08 crore. Operating profit moved from a ₹1.05 crore loss to a ₹1.15 crore profit. That's a swing of more than ₹2 crore at the operating level. The company still reported a ₹0.31 crore net loss, but the direction of the numbers is clearly better. And that's the part investors should watch. Revenue growth → Better capacity utilisation → Operating leverage → Lower losses → Potential profitability Delta's magnetic-material business also sits in an interesting industrial niche. Ferrites are used in applications involving electronics, electrical components and electromagnetic applications, giving the company exposure to the broader electronics and industrial ecosystem. The company is also pursuing its broader manufacturing strategy rather than relying on a single product line. But this is still a high-risk turnaround. The company has a history of losses, margins remain thin and interest/depreciation continue to weigh on earnings. Screener currently shows ROCE around 7%, while the stock trades at a high multiple of book value — meaning execution has to improve materially to justify a stronger valuation. So the thesis isn't: “Delta Manufacturing is already a great business.” The thesis is: “What happens if a loss-making manufacturer finally starts generating operating profit?” Higher sales. Better utilisation. Operating leverage. Product improvement. Profitability.

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Delhivery Q4 Profit Flat, Revenue Up 30% YoY

📰 Key Highlights Net Profit: ₹724M vs ₹725.6M YoY → essentially flat (-0.2%). Revenue: ₹28.5B vs ₹21.92B YoY → +30% growth. EBITDA: ₹2.1B vs ₹1.19B YoY → +76% growth. EBITDA Margin: 7.52% vs 5.43% YoY → margin expansion of ~209 bps. 🔎 Fundamentals Strong revenue growth driven by express parcel and supply chain services. Profit flat despite topline surge, reflecting higher costs and investments. EBITDA growth and margin expansion show operational efficiency gains. 🚚 Business Focus Expanding logistics network and warehousing capacity. Strengthening B2B and e-commerce delivery solutions. Investing in technology, automation, and AI-driven logistics optimization. ⚠️ Risks Fuel price hikes could pressure margins. Competitive pricing in logistics sector. Dependence on e-commerce demand cycles. 📈 Outlook Strong demand for logistics and supply chain services expected to continue. Margin expansion trend encouraging for long-term profitability. Delhivery positioning itself as a leading tech-enabled logistics player in India.

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Delta Electronics India Ltd.

Electronics manufactures power supply solutions, LED lighting, and industrial IoT products serving various sectors. The company leverages parent Delta Electronics' global technology and supply chains for competitive advantage. Delta's focus on energy-efficient solutions aligns with global sustainability trends. Risks include technology obsolescence, product margin compression, and dependency on parent company support.

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