Outcome of the Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 15.3 pts less than Nifty Microcap 250 and 15.3 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Delton Cables reported FY26 revenue of Rs. 98,638 lakhs, up 39% from Rs. 70,926 lakhs in FY25, driven by higher cables and wires demand. However, net profit declined 28% to Rs. 1,472 lakhs from Rs. 2,051 lakhs due to increased finance costs (Rs. 3,955 vs Rs. 2,624 lakhs) and higher material costs. The Board recommended a 20% final dividend (Rs. 2 per share). A significant non-cash land revaluation increased freehold land value from Rs. 7.83 lakhs to Rs. 24,010.33 lakhs, contributing Rs. 20,876 lakhs to Other Comprehensive Income. An unmodified (clean) audit opinion was issued, though auditors noted an unregistered charge with ROC for Mercantile Bank. Related party remuneration revisions for two Vice Presidents were approved.
Revenue growth is strong at 39%, but profit decline despite higher sales signals margin pressure from input costs and debt. The land revaluation is a non-cash boost to balance sheet equity, while negative operating cash flow (-Rs. 568 lakhs) raises some concern about cash generation ability despite positive net profit.