[Dilip Davda] The company is one of the emerging E-2W and E-3W vehicles with PAN India presence. It posted static top lines for F23 and FY24, but marked boosted profits for FY24. The company is marketing its products under the brand name of “Deltic”. Based on its recent financial performance, the issue appears fully priced. Borrowings of Rs. 11.20 cr. as of October 31, 2024, raise concern. Well-informed investors may park funds for medium to long term. Read detail review...

Delta Autocorp IPO Peer Comparison

Delta Autocorp Limited peer comparison with similar listed entities. (As on March 28, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Delta Autocorp Limited	4.22	4.22	19.91		21.18	6.84
Wardwizard Innovations & Mobility Limited	0.52	0.52	3.88	72.8	13.79	12.33

All the financial information for listed industry peers mentioned above is sourced from the Annual Reports of the aforesaid companies for the year ended March 31, 2024 and stock exchange data dated December 20, 2024 to compute the corresponding financial ratios for the financial year ended March 31, 2024. The current market price and related figures are as on December 20, 2024.

P/E figures for the peers are based on closing market prices of equity shares on BSE and NSE on December 20, 2024 divided by the Basic EPS as at March 31, 2024.
Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the Annual Reports for FY 23- 24 of the listed peer companies.
Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2024 divided by Total Equity as on March 31, 2024.
NAV per share for listed peers is computed as the Total Equity as on March 31, 2024 divided by the outstanding number of equity shares as on March 31, 2024.

Delta Autocorp IPO Review by Members

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