Why did total assets nearly double to ₹862.09 crore?

The company adopted a revaluation model for its freehold land. This shifted the land's value from a nominal ₹7.83 lakh to ₹240.10 crore, creating a one-time accounting gain.

How did the company perform operationally in FY26?

Revenue grew by 39% to reach ₹986.38 crore. However, net profit dropped by 28% to ₹14.72 crore because rising expenses compressed margins.

What dividend did the board recommend?

The board recommended a final dividend of ₹2 per share. This represents 20% of the face value per equity share.

Is the land revaluation gain a cash event?

No, the ₹240.03 crore gain is a non-cash accounting adjustment. It increases the company's net worth and book value but does not provide additional liquidity.

Earnings · Cables · Micro cap

Delton Cables revenue jumps 39%, but net profit slips 28%

Revenue hit ₹986.38 crore for FY26, yet rising costs weighed on the bottom line. A land revaluation has nearly doubled the company's total assets.

— 2 earlier stories on Delton Cables Ltd. →

DLTNCBL 27 May 2026 · 7:37 PM IST Verify on BSE · NSE

Mkt cap₹420 cr

P/E22.02×

ROE22.67%

Debt / eq.1.89

Div yld0.44%

₹14.72 cr Annual net profit, down from ₹20.51 crore in the prior year.

What's new

Revenue grew to ₹986.38 crore from ₹709.26 crore in FY25.
Net profit fell to ₹14.72 crore as expenses squeezed margins.
Freehold land revaluation added ₹240.03 crore to the revaluation surplus.
Total assets rose to ₹862.09 crore, up from ₹428 crore.

Why this matters

The top-line growth is overshadowed by a margin contraction that hit the bottom line. While the land revaluation inflates the balance sheet and book value, it is a non-cash accounting move that does nothing to solve the underlying profitability issue.

What we're watching

Whether the company can stabilize margins in FY27.
The impact of the higher book value on future return-on-equity metrics.
Sustainability of the ₹2 per share dividend given the profit decline.

The full read

Delton Cables grew revenue by 39% to ₹986.38 crore in FY26, but the expansion failed to reach the bottom line. Net profit fell to ₹14.72 crore from ₹20.51 crore as rising costs squeezed margins. The most significant change is on the balance sheet, where a shift in accounting policy revalued freehold land from a nominal ₹7.83 lakh to ₹240.10 crore. This non-cash move pushed total assets from ₹428 crore to ₹862.09 crore. For a company with a market cap of ₹389 crore, this accounting shift fundamentally alters its book value and net worth. While the board signaled confidence with a ₹2 per share dividend, the core challenge remains the 28% decline in annual profits. The balance sheet looks larger, but the operational efficiency is lower.

Questions answered

Why did total assets nearly double to ₹862.09 crore?: The company adopted a revaluation model for its freehold land. This shifted the land's value from a nominal ₹7.83 lakh to ₹240.10 crore, creating a one-time accounting gain.
How did the company perform operationally in FY26?: Revenue grew by 39% to reach ₹986.38 crore. However, net profit dropped by 28% to ₹14.72 crore because rising expenses compressed margins.
What dividend did the board recommend?: The board recommended a final dividend of ₹2 per share. This represents 20% of the face value per equity share.
Is the land revaluation gain a cash event?: No, the ₹240.03 crore gain is a non-cash accounting adjustment. It increases the company's net worth and book value but does not provide additional liquidity.

Mentioned: Delton Cables · FY26 · ₹240.03 cr revaluation surplus

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on DLTNCBL →

27 May 2026 · 7:37 PM IST Delton Cables revenue jumps 39%, but net profit slips 28%
today Delton Cables board approves FY26 results and ₹2 dividend
today Delton Cables revalues land to boost net worth by ₹240 crore