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| Name of Company | Delton Cables |
| BSE Code | 504240 |
| NSE Code |
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| ICICI Code | |
| Established | 1948 |
| My Take | Disike |
| Headquarters | Delhi |
| Promoters |
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| Story | Manufactures cables for telecommunications, power, railways, steel, mining, chemicals, cement industries. Has integrated manufacturing facilities at Faridabad (Haryana), Dharuhera (Haryana) and New Delhi. PVC compounding is also done in-house. |
| Sector | Manufacturing |
| Sub-sector | Cables |
| Website | |
| Positives | Promoter holds 73% stake. Revenues have grown from 68 to 165 Cr from FY05 to FY09. Business is keep on running business. FY10 revenue has not risen, but looks like it is an aberration. |
| Negatives | Net profit has not done much – has been in 1-3 Cr range from FY05 to FY09. FY10 estimated earning is less than FY09 revenue. NPM's 1%, 2% are very less. This 60-odd year old company neither pays dividends nor is growth story. They are selling more but not profiting more so that they can acquire or setup new plants. |
| Peers | Havells India, Emgee cables, Webel SL |
Apr 24, 2010
Delton Cables 504240
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