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Open8.11
High8.61
Low7.98
Prev. Close8.02
Avg. Traded Price8.19
Volume19,31,073

MARKET DEPTH

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Total bid0.00
Total ask137.00
OrdersQtyBid
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AskQtyOrders
8.021137
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HIGH/LOW

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52w

LOW/HIGH

8.62a day ago
9.82a day ago
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LOWER/UPPER CIRCUITS

7.19
10.77
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Delphi World Money Ltd Stock performance
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KEY OBSERVATIONS

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positive
negative
neutral
noteQuarterly Net profit,rose 104.05% YoY to ₹0.24 Cr. Its sector's average net profit growth YoY for the quarter was 11.39%.
noteInterest Coverage Ratio,is 6.19, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT).
noteDebt to Equity Ratio,of 0.12 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
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LONG-TERM PRICE ANALYSIS

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Stock return5Y CAGR : -15.99%
Net profit growth 5Y CAGR : -45.1%

About Delphi World Money Limited

Delphi World Money Limited is a public company incorporated on October 9, 1985, and is listed on both the National Stock Exchange of India (NSE) and BSE. Formerly known as EbixCash World Money India Limited, the Company adopted its present name with effect from January 1, 2020. Its registered office is located at 8th Floor, Manek Plaza, Vidyanagari Marg, Kalina, Santacruz East, Mumbai 400098, and the Company’s shares trade under BSE Code: 533452, NSE Symbol: DELPHIFX, with ISIN: INE726L01019.

 

Licensed by the Reserve Bank of India as an Authorised Dealer Category II, Delphi is a regulated player in India’s retail foreign exchange and remittance ecosystem. Its service portfolio includes currency notes, traveller’s cheques, prepaid forex cards, and outward remittances through demand drafts and telegraphic transfers, delivered through a pan-India branch network. The Company is also licensed to act as an MTSS (Money Transfer Service Scheme) agent for various overseas principals, enabling participation in India’s inbound remittance flows.

 

Delphi operates as a single operating segment focused exclusively on foreign exchange services and does not present separate geographical reporting, underscoring its India-centric operational footprint. As at March 31, 2025, the Company did not have any subsidiary, associate or joint venture companies; the Company itself is a subsidiary of EbixCash World Money Limited.

 

Key milestones for the Company include its longstanding presence since 1985, dual listings on NSE and BSE, formal name change in January 2020, and securing RBI approvals that enable Authorised Dealer Category II operations and MTSS agency status. These developments reflect Delphi’s evolution into a specialised and regulated foreign exchange services provider.

 

Delphi World Money Limited Key Milestones

  • Incorporation in 1985 and establishment as an RBI-regulated foreign exchange services provider
  • Listing on both NSE and BSE
  • Corporate name change to Delphi World Money Limited (January 1, 2020)
  • Authorised Dealer Category II licence from RBI
  • Approval to operate as an MTSS agent for inbound remittances
  • Continued expansion of its India-wide forex branch network

Delphi World Money Limited Business Segments

 

The Company operates as a single segment focused on foreign exchange services. No separate geographical segments are disclosed.

 

Delphi World Money Limited Key Management

  • Tiruvanamalai Chandrashekaran Guruprasad – Chairman (Non-Executive)
  • Hariprasad Meenoth Panichikkil – Whole-Time Director (Executive)
  • Pravin Madhukar Patil – Chief Financial Officer
  • Vinay Singh – Company Secretary & Compliance Officer

Latest Updates on Delphi World Money Limited

Fundraising initiative: The Board approved a proposal to raise up to ₹200 crore through one or more tranches via instruments such as QIP, GDRs, FCCBs, convertible debentures with warrants or preference shares. The objective is to strengthen long-term working capital, fund business growth and enhance financing flexibility and credit standing.

 

Borrowing structure reconfiguration: Effective May 16, 2024, Delphi transitioned from working capital lines secured against current assets to an overdraft facility backed by fixed deposits. This restructuring eliminated the need to submit periodic stock and debtor statements required under earlier arrangements.

 

Board refresh: The Company strengthened its governance framework by inducting several Independent and Non-Executive Directors between November 2024 and January 2025. Board and committee meeting frequencies during FY 2024–25 were aligned with SEBI Listing Regulations.

 

Related-party approvals: Shareholders were requested to approve related-party transactions with Ebix Travels Private Limited for amounts up to ₹1,500 crore each for FY 2025–26 and FY 2026–27, on an arm’s length basis and in the ordinary course of business.

 

Secretarial governance: SRC & Co., Company Secretaries, were appointed as Secretarial Auditors for a five-year term effective FY 2025–26, subject to shareholder approval.

 

Operational priorities: The Company continued its focus on strengthening internal controls, AML/KYC compliance, customer experience and digital forex initiatives. Management highlighted margin optimisation, distribution partnerships and technology-led offerings as strategic levers for growth.

 

Credit rating: CARE Edge Ratings reaffirmed the Company’s long-term rating as CARE BB+; Stable.

 

AGM schedule: The next Annual General Meeting is scheduled for August 1, 2025, to be conducted via video conferencing.

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Frequently Asked Questions

It provides regulated foreign exchange services including currency exchange, prepaid cards, traveller’s cheques, and outward remittances. The Company also acts as an MTSS agent for inbound remittances and operates through a pan-India branch network. Delphi is licensed by the RBI as an Authorised Dealer Category II.

No. As of March 31, 2025, the Company has no subsidiary, associate or joint venture companies. Delphi World Money Limited is itself a subsidiary of EbixCash World Money Limited.

The Company is listed on both BSE and NSE under BSE Code: 533452, NSE Symbol: DELPHIFX, with ISIN INE726L01019. Its registered office is located in Santacruz East, Mumbai.