Manufactures and sells cables and wires, with FY26 revenue of ₹9,864 million split across three streams: EPC at 52% (up 87% YoY), Railways at 28% (down 21% by deliberate choice on lower margins), and Telecom/others at 19%. The order book stood at ₹5,130 million at FY26 close, with 90% in EPC orders. Exports rose to ₹146 million from ₹7 million in FY25. Capacity utilisation rose to 81% in FY25 from 44% in FY22, with management targeting phased capacity expansion from ₹400 crore to ₹2,500 crore by 2030 under an asset-light model. Raw materials are the largest cost at 77.4% of revenue. Reported FY26 net profit fell 28.2% to ₹147.2 million on higher finance costs, while EBITDA margin held at 6.73%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. EPC (52%), Railways (28%), Telecom and others (19%). Asset-heavy cables and wires manufacturing with order-book driven revenue and commodity input exposure
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 160 | 272 | 401 | 709 | 986 |
| EBITDA (ex other income) | 12 | 18 | 35 | 57 | 64 |
| margin % | 7.6 | 6.7 | 8.7 | 8.0 | 6.5 |
| Owners' profit | 1 | 1 | 15 | 21 | 15 |
| EPS, as reported (₹) | 0.89 | 0.67 | 16.96 | 23.74 | 17.04 |
| ROE % · ROCE % | 1.4 · 16.8 | 1.0 · 25.9 | 20.5 · 43.3 | 22.7 · 47.2 | 4.3 · 15.3 |
| Debt / equity (x) | 1.26 | 1.44 | 1.59 | 1.89 | 0.47 |
| Cash from operations | 1 | 2 | (27) | (14) | (6) |
| Capex | (1) | (2) | (8) | (23) | (20) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 143 | 175 | 189 | 202 | 156 | 241 | 268 | 320 |
| Profit before tax | 4 | 13 | 4 | 7 | 4 | 8 | 6 | 1 |
| Net profit | 3 | 8 | 3 | 6 | 3 | 6 | 4 | 1 |
| EPS (₹) | 3.50 | 9.82 | 3.89 | 6.53 | 3.57 | 7.28 | 4.73 | 1.46 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WAAREE ENERGIES LIMITED | 75,508 | 19.8 | 5.03 | 12.2 | 25.9 | 29.0 | — | 20.3 |
| APAR INDUSTRIES LTD. | 70,293 | 59.5 | 13.03 | 36.9 | 18.1 | 21.9 | 29.1 | 12.0 |
| PREMIER ENERGIES LIMITED | 44,224 | 26.2 | 10.26 | 18.0 | 35.0 | 25.7 | — | 30.8 |
| EMMVEE PHOTOVOLTAIC PWR L | 23,872 | 17.9 | 6.46 | 13.3 | 29.3 | 31.2 | — | 36.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Delton Cables 61st AGM notice published, e-voting from Sep 26 | compliance | minimal | — | — |
| 3 Sept 2026 · Delton Cables shares Annual Report weblink and 61st AGM details with shareholders | general | low | — | — |
| 3 Sept 2026 · Delton Cables AGM notice and FY26 annual report, Rs 2 per share dividend | results | high | — | — |
| 3 Sept 2026 · 61st AGM on Sep 29, 2026 via video conferencing; final dividend of Rs. 2 per share | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Delton Cables: TDS communication on Rs 2 final dividend, record date Sep 22 | corporate actions | medium | — | — |
| 25 Aug 2026 · Delton Cables 61st AGM notice published; final dividend Rs 2 per share proposed | compliance | minimal | — | — |
| 12 Aug 2026 · Delton Cables files Q1 FY27 results in newspapers | compliance | minimal | — | — |
| 11 Aug 2026 · Q1 FY27 Investor Presentation | investor communications | medium | — | — |
| 11 Aug 2026 · Delton Cables Q1 FY27: Revenue up 83%, PAT jumps 146% YoY | compliance | low | — | — |
| 11 Aug 2026 · Delton Cables Q1 FY27 results strong, final dividend record date Sep 22 | results | high | — | — |
| 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 |
| MTAR TECHNOLOGIES LIMITED |
| 22,531 |
| 168.8 |
| 27.39 |
| 120.2 |
| 11.4 |
| 12.4 |
| 28.9 |
| 25.8 |
| DIAMOND POWER INFRA LTD | 19,448 | 98.9 | — | 94.7 | (26.2) | 8.6 | — | 12.3 |
| AVALON TECHNOLOGIES LTD | 15,293 | 114.3 | 21.19 | 76.2 | 15.6 | 20.0 | — | 12.5 |
| GENUS POWER INFRASTRU LTD | 9,830 | 13.7 | 4.43 | 12.1 | 26.7 | 22.7 | 50.8 | 22.1 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 42.7 | 26.2 | 40 of 53 | 25% |
| P/B | 1.8 | 3.6 | 12 of 49 | 77% |
| ROCE | 5.2 | 12.3 | 42 of 56 | 26% |
| ROE | 4.3 | 11.5 | 40 of 53 | 25% |
| Debt / Equity | 0.5 | 0.2 | 35 of 53 | 35% |
| EBITDA margin | 4.7 | 12.6 | 46 of 51 | 10% |
| Revenue growth | 58.4 | 20.7 | 9 of 46 | 82% |
| Profit growth | (77.6) | 37.7 | 39 of 45 | 14% |
| Market cap | 629 | 641 | 29 of 56 | 49% |
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| 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 |
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