Delton Cables Limited (DLTNCBL.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-2305.6%

-₹15,510.98

vs ₹703.25 price

Levered DCF

-₹7,483.37

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	19.88×	27.45×	22.72×	95.72×	53.71×	45.28×	2.7×	0.33×
P/B	0.85×	6.22×	4.67×	0.97×	0.73×	0.51×	0.29×	0.34×
P/S	0.3×	0.79×	0.85×	0.21×	0.27×	0.23×	0.13×	0.24×
EV / EBITDA	6.87×	12.73×	13.19×	7.1×	10.44×	9.42×	4.51×	1.23×
Gross margin	12.8%	13.2%	16.2%	16.0%	20.2%	11.4%	14.6%	25.2%
Operating margin	5.8%	6.1%	7.0%	6.3%	6.6%	6.8%	20.4%	-0.1%
Net margin	1.5%	2.9%	3.7%	0.2%	0.5%	0.5%	4.7%	72.4%
Current ratio	1.13×	1.17×	1.26×	1.38×	1.38×	1.37×	1.38×	1.35×
Debt / equity	0.54×	2.04×	1.59×	1.33×	1.26×	1.14×	0.87×	1.12×
Interest coverage	1.44×	1.64×	1.54×	1.45×	1.05×	1.01×	3.32×	-0×
Dividend yield	0.6%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	11.7%	6.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.3%	22.7%	20.5%	1.0%	1.4%	1.1%	10.8%	102.6%
Return on invested capital	7.9%	11.1%	12.2%	1.1%	5.9%	3.3%	24.9%	-0.0%
Return on assets	1.7%	4.8%	5.5%	0.3%	0.5%	0.4%	4.3%	35.0%
Free cash flow yield	-21.1%	-10.9%	-10.7%	1.6%	0.2%	-39.2%	-129.7%	-195.1%
Earnings yield	5.0%	3.6%	4.4%	1.0%	1.9%	2.2%	37.0%	306.1%
Enterprise value	₹4.6B	₹7.5B	₹4.4B	₹1.3B	₹1.1B	₹891.2M	₹582.5M	₹709.4M
Net debt / EBITDA	2.48×	3.14×	3.31×	4.07×	6.54×	6.44×	3.28×	0.94×
Cash conversion cycle (days)	64	101	140	143	234	245	222	266