Delta Autocorp Ltd Q1 FY27 Results — Earnings Call Analysis
Published 24 Jun 2026 | Automobiles | Market Cap: ₹63 Cr
- FY27 revenue target: Approximately INR 105 crores, with expected execution of pending government orders (~INR 20 crores). - FY27 revenue target is approximately INR105 crores, with INR60 crores from two-wheelers, INR20 crores from government business, INR15 crores from three-wheelers, and INR8-10 crores from spare parts.
From Delta Autocorp Ltd's Q4 FY26 earnings-call transcript · updated 24 Jun 2026.
Price
₹34
Market Cap
₹63 Cr
P/E Ratio
6.8
Revenue Rank
Margin Rank
How does Delta Autocorp Ltd rank in Automobiles?
Compare Delta Autocorp Ltd against every Automobiles company this quarter on revenue, margins and earnings-call signals.
📊 Revenue & Sales Performance
Rank 2- →FY27 revenue target: Approximately INR 105 crores, with expected execution of pending government orders (~INR 20 crores).
- →FY28 revenue target: INR 150 to 155 crores, driven by new product launches in Q1.
- →FY29 revenue target: Around INR 210 crores, indicating faster and steeper growth.
- →Unit sales growth: Two-wheeler segment grew by 69% in current year; three-wheeler segment facing temporary decline due to market transition.
- →New product focus: Launch of flagship scooter "Reed" and expansion in L5 commercial mobility segment.
- →Capex plan: INR 8.5-10 crores dedicated to new product development to support growth.
- →Long-term vision: Emphasis on building strong products and sustainable growth over 24-48 months development cycles.
- →Management confident in improving execution, product-market fit, and capturing institutional/government mobility opportunities.
📈 Profitability & Margins
Rank 3- →FY27 revenue target is approximately INR105 crores, with INR60 crores from two-wheelers, INR20 crores from government business, INR15 crores from three-wheelers, and INR8-10 crores from spare parts.
- →FY28 revenue expected to grow to INR150-155 crores, indicating significant growth after new product launches.
- →FY29 revenue target is around INR210 crores, reflecting an accelerating growth trajectory.
- →Gross margins compressed recently due to incentives and competitive pressures, but expected to stabilize between 8%-10% going forward.
- →Capex of INR8.5-10 crores planned mainly for new product development including multiple scooter models and L5 commercial vehicles.
- →Company projects moderate but sustainable growth, emphasizing disciplined capital allocation, product innovation, and market expansion.
- →Long-term growth expected to improve as new products launch and institutional orders are executed, targeting shareholder capital appreciation over time.
🏗️ Capital Expenditure Plans
Yes- →Delta Autocorp plans a capex of INR 8.5 crores to INR 10 crores in FY27 focused on new product development, primarily for launching new scooter models.
- →This capex aims to support the launch of four RTO scooter models targeted for Q1 of the next financial year.
- →COCO branches have been set up with an investment of around INR 9-10 lakh across three outlets, generating INR 1.3 crores revenue last year.
- →The company prioritizes capital allocation for product development over buybacks, to maintain agility and competitive edge in the electric mobility industry.
- →Strategic investments include strengthening engineering, design capabilities, and dealer ecosystem to build a sustainable growth foundation.
- →Parallel development on a performance motorcycle is ongoing, with anticipated launch by end of the current financial year.
- →Focus remains on disciplined capital deployment to balance growth, profitability, and long-term shareholder value.
💰 Fundraising & Capital Structure
Yes- →Delta Autocorp Limited currently holds a healthy cash balance of INR36 crores as of March 31.
- →For FY27, planned capital expenditure is around INR8.5 to 10 crores, primarily for new product development.
- →Management emphasized conserving capital to fund growth opportunities and avoid cash constraints.
- →No specific mention of imminent equity or debt fundraising during the call.
- →The company regularly reviews capital allocation with its Board and is open to raising funds if the right opportunity arises.
- →Promoters have significant invested wealth and may consider buying back shares, but this depends on regulatory, strategic, and capital priorities.
- →Overall, the focus is on organic growth using internal accruals and cash reserves before considering external fundraising.
📋 Order Book & Pipeline
No- →Current expected order book position is approximately INR 18 crores to INR 20 crores.
- →About INR 8 crores to INR 10 crores worth of orders are already at L1 status, awaiting work order issuance.
- →Another INR 10 crores worth of orders are in the final stages of evaluation and confirmation.
- →Two government orders for L3 and L5 vehicles, valued around INR 8-10 crores, have been won (L1) but work orders are pending due to government election-related delays.
- →The entire INR 20 crores expected government order execution is anticipated in FY27.
- →The company remains optimistic that the pending orders will be executed in due course.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Delta Autocorp Ltd Q1 FY27 results?
- FY27 revenue target: Approximately INR 105 crores, with expected execution of pending government orders (~INR 20 crores). - FY27 revenue target is approximately INR105 crores, with INR60 crores from two-wheelers, INR20 crores from government business, INR15 crores from three-wheelers, and INR8-10 crores from spare parts.
What is Delta Autocorp Ltd share price analysis?
Delta Autocorp Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 6.8 with a market cap of ₹63. Investors should review the full earnings analysis for detailed insights.
Is Delta Autocorp Ltd planning capital expenditure?
- Delta Autocorp plans a capex of INR 8.5 crores to INR 10 crores in FY27 focused on new product development, primarily for launching new scooter models.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.