Delphi World Money

₹213.1 4 | 1.9%

WEBSITE BSE:533452 NSE : DELPHIFX 18 May, 12:45

Market Cap ₹237 Cr.

Stock P/E 14.0

P/B 1.1

Current Price ₹213.1

Book Value ₹ 196.1

Face Value 10

52W High ₹475

Dividend Yield 0%

52W Low ₹ 208.3

Edit Ratio

Delphi World Money Research see more...

Overview Inc. Year: 1985Industry: Finance - Others

Delphi World Money Ltd, previously Ebixcash World Money India Ltd, is an India-based organisation that gives foreign exchange (forex) offerings. The Company’s cash trade and money transfer solutions encompass worldwide money transfer, Western Union business solutions (WUBS) and travel coverage. Through the foreign exchange offerings the Company offers travellers cheques, prepaid cards, cash, Weizmann forex multi-foreign money journey card, and foreign exchange for students. Its WUBS gives foreign exchange and international fee solutions for international business. The Company, thru the Western Union money transfer solutions offers global money transfer to India. It additionally affords remittance solutions for family renovation, repatriation, income remittance, and quota admissions.

Delphi World Money Share Price

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Peer Comparison

Delphi World Money Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	16	15	14	21	21	22	23	23	21	21
Other Income	2	3	3	3	3	3	4	3	4	4
Total Income	19	18	17	24	24	24	28	26	26	26
Total Expenditure	14	15	15	17	18	20	20	19	19	19
Operating Profit	5	3	3	6	5	5	8	7	7	6
Interest	1	1	0	1	1	1	0	0	1	1
Depreciation	0	0	1	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	4	2	2	5	4	4	8	6	6	6
Provision for Tax	1	1	1	2	1	2	3	2	2	2
Profit After Tax	2	1	1	4	4	2	5	5	4	3
Adjustments	0	0	-0	0	0	-0	0	0	0	0
Profit After Adjustments	2	1	1	4	4	2	5	5	4	3
Adjusted Earnings Per Share	2.1	0.9	0.8	3.3	3.4	2.2	4.6	4.1	3.5	3

Delphi World Money Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	4469	4692	4460	4780	5988	7692	9163	5906	1129	1505	2618	88
Other Income	7	4	7	10	5	8	29	24	7	11	13	15
Total Income	4476	4695	4467	4790	5993	7700	9192	5930	1137	1516	2631	106
Total Expenditure	4428	4649	4420	4737	5940	7637	9213	5825	1072	1497	2606	77
Operating Profit	48	46	47	52	53	63	-21	105	65	19	25	28
Interest	13	13	11	13	11	7	4	12	6	4	3	2
Depreciation	4	4	5	5	5	4	3	32	1	1	1	0
Exceptional Income / Expenses	0	0	-1	0	-1	0	0	0	0	0	0	0
Profit Before Tax	30	29	29	35	36	52	-29	60	58	14	21	26
Provision for Tax	10	10	11	13	13	18	-15	21	17	6	6	9
Profit After Tax	20	18	19	22	23	34	-14	39	41	8	15	17
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	20	18	19	22	23	34	-14	39	41	8	15	17
Adjusted Earnings Per Share	17.7	15.8	16.1	18.9	19.9	29.5	-12.3	35.2	36.6	7.1	13.5	15.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	74%	-24%	-19%	-5%
Operating Profit CAGR	32%	-38%	-17%	-6%
PAT CAGR	88%	-27%	-15%	-3%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-35%	-32%	-16%	8%
ROE Average	8%	12%	12%	18%
ROCE Average	11%	17%	17%	21%

Delphi World Money Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	73	82	89	101	137	187	105	143	184	192	207
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	32	27	22	18	14	14	8	6	0	0	0
Other Non-Current Liabilities	16	15	12	11	15	20	20	32	67	85	90
Total Current Liabilities	143	212	148	138	136	188	138	73	90	78	64
Total Liabilities	265	335	271	268	301	408	271	255	341	354	361
Fixed Assets	50	47	41	38	39	39	8	55	5	4	3
Other Non-Current Assets	25	45	41	42	65	95	26	26	79	71	65
Total Current Assets	190	243	188	188	198	274	237	174	257	280	292
Total Assets	265	335	271	268	301	408	271	255	341	354	361

Delphi World Money Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	58	41	69	71	-17	-15	58	72	16	47	44
Cash Flow from Operating Activities	41	-3	72	13	24	65	-6	23	32	29	40
Cash Flow from Investing Activities	-1	-21	-1	-9	-8	19	16	-5	-2	-27	-18
Cash Flow from Financing Activities	-57	52	-68	-28	-14	-11	-43	-73	1	-5	-33
Net Cash Inflow / Outflow	-18	28	2	-24	2	73	-32	-56	31	-4	-10
Closing Cash & Cash Equivalent	41	69	71	47	-15	58	26	16	47	44	33

Delphi World Money Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	17.69	15.81	16.11	18.91	19.91	29.52	-12.25	35.22	36.64	7.12	13.52
CEPS(Rs)	21.56	19.67	20.85	22.98	23.86	33.37	-9.8	64.33	37.85	8.31	14.33
DPS(Rs)	7.5	7.5	7.5	7.5	3	1	0	0	0	0	0
Book NAV/Share(Rs)	63.55	70.52	77.04	86.92	118.06	161.38	94.08	128.93	165.49	172.54	185.75
Core EBITDA Margin(%)	0.91	0.91	0.89	0.9	0.8	0.72	-0.55	1.37	5.09	0.56	0.45
EBIT Margin(%)	0.96	0.89	0.91	1	0.79	0.77	-0.26	1.23	5.62	1.17	0.92
Pre Tax Margin(%)	0.67	0.61	0.66	0.73	0.61	0.68	-0.31	1.02	5.13	0.93	0.82
PAT Margin (%)	0.46	0.39	0.42	0.46	0.38	0.44	-0.15	0.66	3.61	0.53	0.57
Cash Profit Margin (%)	0.56	0.48	0.54	0.56	0.46	0.5	-0.12	1.21	3.73	0.61	0.61
ROA(%)	7.76	6.1	6.15	8.11	8.09	9.62	-4.01	14.9	13.69	2.28	4.21
ROE(%)	29.95	23.58	21.83	23.07	19.43	21.13	-9.36	31.58	24.89	4.21	7.55
ROCE(%)	23.96	21.27	20.38	27.02	25.04	23.32	-10.36	43.93	32.83	8.02	11.19
Receivable days	6.53	8.32	8.68	6.3	5.52	3.7	1.82	1.35	10.58	12.35	6.62
Inventory Days	1.7	1.58	1.21	0.94	1.15	1.14	1.08	1.24	1.88	0.36	0.29
Payable days	4.12	4.89	4.95	4.33	3.57	2.49	2.05	2.02	4.11	5.86	5.12
PER(x)	4.18	4.43	18.01	9.33	17.48	35.85	0	10.11	13.03	66.6	24.04
Price/Book(x)	1.16	0.99	3.76	2.03	2.95	6.56	5.52	2.76	2.88	2.75	1.75
Dividend Yield(%)	10.14	10.71	2.59	4.25	0.86	0.09	0	0	0	0	0
EV/Net Sales(x)	0.03	0.03	0.08	0.05	0.07	0.15	0.06	0.07	0.44	0.32	0.11
EV/Core EBITDA(x)	2.88	3.39	7.45	4.48	8.11	18.62	-25.52	3.7	7.7	25.25	11.63
Net Sales Growth(%)	5.75	4.98	-4.95	7.18	25.28	28.45	19.12	-35.54	-80.88	33.28	73.9
EBIT Growth(%)	-1.87	-3.53	-1.93	16.83	-0.74	24.55	-140.97	400.73	-12.56	-72.21	36.26
PAT Growth(%)	0.21	-10.63	1.88	17.42	5.28	48.28	-139.94	387.42	4.05	-80.58	89.9
EPS Growth(%)	0.21	-10.63	1.88	17.42	5.28	48.28	-141.5	387.42	4.05	-80.58	89.9
Debt/Equity(x)	1.25	1.77	0.96	0.77	0.46	0.64	0.53	0.18	0.18	0.16	0
Current Ratio(x)	1.33	1.15	1.28	1.36	1.46	1.46	1.72	2.39	2.87	3.61	4.56
Quick Ratio(x)	1.18	1.06	1.21	1.26	1.28	1.33	1.5	2.25	2.85	3.59	4.51
Interest Cover(x)	3.28	3.22	3.57	3.79	4.36	8.65	-5.44	5.96	11.51	4.8	9.33
Total Debt/Mcap(x)	1.07	1.78	0.25	0.38	0.16	0.1	0.1	0.07	0.06	0.06	0

Delphi World Money Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	89.62	89.62	89.55	89.55	89.55	89.55	89.55	89.55	75	75
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	1.97	0
Public	10.38	10.38	10.45	10.45	10.45	10.45	10.45	10.45	23.03	25
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1	1	1	1	1	1	1	1	0.83	0.83
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0.02	0
Public	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.26	0.28
Others	0	0	0	0	0	0	0	0	0	0
Total	1.11	1.11	1.11	1.11	1.11	1.11	1.11	1.11	1.11	1.11

Pros

Debtor days have improved from 5.86 to 5.12days.
Company is almost debt free.

Cons

Company has a low return on equity of 12% over the last 3 years.
The company has delivered a poor profit growth of -15% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.