Delphi World Money Limited (IN:DELPHIFX)
:DELPHIFX
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Delphi World Money Limited
(DELPHIFX)
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Rating:43Neutral
Price Target:
₹9.50
▼(-95.99% Downside)
Action:ReiteratedDate:03/28/26
The score is weighed down primarily by weak financial performance—especially deteriorating profitability trends and poor cash flow generation—alongside bearish technical conditions with the stock trading well below key moving averages. Valuation is an additional drag due to the extremely high P/E and lack of dividend support.
Positive Factors
Leading position in FX and remittances
A leading market position in FX and remittance services provides durable demand from retail and corporate clients, network effects with correspondent banks, and higher client retention. This structural role supports steady fee flow and long-term customer relationships even through cycles.
Negative Factors
Material revenue decline
A sustained ~22% revenue contraction signals loss of transaction volume or pricing power. Declining top-line reduces operating leverage, limits reinvestment capacity, and makes it harder to cover fixed costs, risking further margin compression and slower recovery absent structural demand improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Leading position in FX and remittances
A leading market position in FX and remittance services provides durable demand from retail and corporate clients, network effects with correspondent banks, and higher client retention. This structural role supports steady fee flow and long-term customer relationships even through cycles.
Read all positive factors
Delphi World Money Limited (DELPHIFX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.44B
Dividend YieldN/A
Average Volume (3M)12.00K
Price to Earnings (P/E)2309.6
Beta (1Y)0.75
Revenue Growth-34.90%
EPS Growth-69.02%
CountryIN
Employees204
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)<0.01
Shares Outstanding245,267,780
10 Day Avg. Volume22,242
30 Day Avg. Volume12,004
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)0.11
Price to Sales (P/S)0.01
P/FCF Ratio-4.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Delphi World Money Limited Business Overview & Revenue Model
Company Description
Delphi World Money Limited provides money changing and money transfer services in India. It offers foreign exchange, outward and inward remittance, and travel insurance services, as well as prepaid and gift cards for corporate and retail clients. ...
How the Company Makes Money
Delphi World Money Limited makes money primarily through the fees and margins it charges on foreign exchange transactions and remittance services. These include converting currencies for individuals and businesses, processing international money t...
Delphi World Money Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.55B | 17.21B | 28.70B | 26.15B | 15.05B | 11.29B |
| Gross Profit | 394.64M | 148.50M | 206.29M | 276.90M | 175.30M | 742.09M |
| EBITDA | 97.85M | 61.52M | 257.97M | 244.90M | 186.54M | 647.48M |
| Net Income | 13.93M | 19.55M | 151.92M | 150.42M | 79.21M | 407.78M |
Balance Sheet | ||||||
| Total Assets | 5.94B | 3.09B | 3.20B | 3.06B | 3.02B | 2.92B |
| Cash, Cash Equivalents and Short-Term Investments | 1.85B | 1.05B | 126.91M | 334.12M | 795.10M | 611.81M |
| Total Debt | 1.86B | 276.25M | 309.75M | 6.22M | 312.83M | 333.63M |
| Total Liabilities | 5.86B | 859.35M | 983.73M | 996.64M | 1.10B | 1.08B |
| Stockholders Equity | 2.30B | 2.24B | 2.22B | 2.07B | 1.92B | 1.84B |
Cash Flow | ||||||
| Free Cash Flow | 349.44M | -57.55M | -349.22M | 396.70M | 287.52M | 314.47M |
| Operating Cash Flow | 349.88M | -43.68M | -338.37M | 397.77M | 287.57M | 315.81M |
| Investing Cash Flow | 29.01M | 371.08M | -150.43M | -175.08M | -269.22M | -15.27M |
| Financing Cash Flow | -214.13M | -70.64M | 281.57M | -326.08M | -53.46M | 8.76M |
Delphi World Money Limited Technical Analysis
Negative
237.10
Price Trends
12.76
Negative
14.13
Negative
13.73
Negative
Market Momentum
-1.20
Negative
37.24
Neutral
29.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DELPHIFX, the sentiment is Negative. The current price of 237.1 is above the 20-day moving average (MA) of 10.14, above the 50-day MA of 12.76, and above the 200-day MA of 13.73, indicating a bearish trend. The MACD of -1.20 indicates Negative momentum. The RSI at 37.24 is Neutral, neither overbought nor oversold. The STOCH value of 29.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DELPHIFX.
Delphi World Money Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹1.28B | 10.11 | ― | 0.31% | -57.76% | -68.83% | |
71 Outperform | ₹1.41B | 20.15 | ― | ― | -18.35% | -43.75% | |
68 Neutral | ₹1.21B | 9.34 | ― | 4.37% | -8.60% | -9.89% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | ₹2.29B | 6.06 | ― | ― | 7.76% | -48.14% | |
50 Neutral | ₹1.06B | 9.72 | ― | ― | -53.21% | -78.00% | |
43 Neutral | ₹2.44B | 2,309.57 | ― | ― | -34.90% | -69.02% |
* Financial Sector Average
IN:DELPHIFX
Delphi World Money Limited
9.93
2.82
39.72%
IN:ALMONDZ
Almondz Global Securities Limited
13.21
-7.68
-36.76%
IN:INDBANK
Indbank Merchant Banking Services Limited
31.82
3.76
13.40%
IN:INVENTURE
Inventure Growth & Securities Ltd.
1.01
-0.40
-28.37%
IN:KEYFINSERV
Keynote Financial Services Limited
230.00
-73.22
-24.15%
IN:STEELCITY
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79.81
-9.71
-10.84%
Delphi World Money Limited Corporate Events
Delphi World Money completes dispatch of postal ballot notice and regulatory newspaper ads
Mar 13, 2026
Delphi World Money Limited has notified the stock exchanges that it has completed the electronic dispatch of its postal ballot notice dated February 21, 2026 to shareholders as of the March 6, 2026 cut-off date. The company also announced that it ...
Delphi World Money Delivers Q3 Turnaround as Travel Recovery Lifts Revenue and Margins
Feb 23, 2026
Delphi World Money reported strong financial performance for the quarter ended December 31, 2025, with adjusted revenue rising 24% sequentially to INR 547 million and a turnaround in adjusted EBITDA from a loss to a profit, driven by travel recove...
Delphi World Money Clears Q3 Results, Defends Loan and Maps Next Growth Phase
Feb 21, 2026
Delphi World Money Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, and addressed auditor observations on an inter-corporate loan of ₹38.14 crore extended...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.