BSE: 539596
Delta Industrial Resources Lim
Trades diamonds and metals, generating most of its revenue from diamonds. Based on segment data for the year ended 31 March 2022, diamond trading accounted for 87.1% of segment revenue and metal trading for 12.9%, with no revenue from share and securities activities. Revenue from operations for FY26 stood at Rs. 12.30 lakhs, with the company reporting a net loss of Rs. 16.65 lakhs for the full year and a net loss of Rs. 3.83 lakhs in Q4 FY26. Total assets are Rs. 4.807 crore and shareholder equity is negative at Rs. -68.55 lakhs, indicating accumulated losses. Operating cash flow turned negative in FY26 versus a positive figure in FY25. The statutory auditor has issued an unmodified audit opinion on the FY26 standalone results. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Diamond (87%), Metal (13%), Share & Securities (0%). Small, loss-making commodity trading entity with negative shareholder equity.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | (15.5) | — | — | — | — |
| Owners' profit | (0) | 0 | (0) | (0) | (0) |
| EPS, as reported (₹) | 0.00 | 0.24 | 0.00 | (0.04) | (0.07) |
| ROE % · ROCE % | (2.0) · (0.7) | 2.6 · 3.8 | (0.3) · (0.3) | (3.5) · (2.9) | (0.8) · (0.4) |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (2) | (2) | — | 1 | 1 |
| Capex | 0 | 0 | — | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | (0) | (0) | 0 | (0) | (0) |
| Net profit | (0) | (0) | (0) | (0) | (0) | 0 | (0) | (0) |
| EPS (₹) | (0.11) | 0.00 | (0.11) | (0.05) | (0.03) | 0.14 | (0.14) | (0.13) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD | 33,999 | 38.5 | 10.39 | — | 13.7 | 16.1 | — | 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,509 | 19.5 | 4.10 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,234 | — | 2.54 | 37.9 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 969 | — | 0.74 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| PRIME SECURITIES LIMITED | 968 | 172.9 | 3.78 | — | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 881 | 26.7 | 5.18 | 16.9 | 22.5 | 30.3 | — | 97.5 |
| REGENCY FINCORP LIMITED | 571 | 52.3 | 3.56 | — | 8.4 | — | — | 84.3 |
| STELLANT SECURITIES (INDIA) LT | 529 | — | 1687.57 | — | 18.2 | 18.2 | — | 56.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 1.2 | 1.0 | 57 of 105 | 46% |
| ROCE | (0.8) | 1.8 | 64 of 83 | 23% |
| ROE | (0.8) | 1.3 | 83 of 111 | 26% |
| Debt / Equity | 0.0 | 0.0 | 1 of 77 | 55% |
| Profit growth | (189.1) | (0.2) | 96 of 109 | 12% |
| Market cap | 6 | 26 | 103 of 113 | 9% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · RTA compliance certificate for quarter ended September 2026 | compliance | minimal | — | — |
| 30 Sept 2026 · AGM 2026: All 7 Resolutions Passed | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 41st AGM results: all 7 resolutions passed with about 99.98% support | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Trading window closure ahead of Q2 FY26 results announcement | compliance | minimal | — | — |
| 28 Sept 2026 · Summary of proceedings of 41st AGM held on 28 Sep 2026 | board shareholder meetings | low | — | — |
| 6 Sept 2026 · Newspaper publication for 41st AGM on September 28, 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · 41st AGM notice and FY26 annual report filed with key diversification proposals | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · 41st AGM Sep 28 2026; major business diversification, Rs 100 Cr borrowing and investment limits | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Board approves expansion of business activities, alters Main Objects of MOA | general | low | — | — |
| 4 Sept 2026 · Delta Industrial Resources appoints new statutory auditor for 5-year term | management changes | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.