Delta Manufacturing Ltd share Price Today

Promoted by the Piramals of Morarjee Goculdas, Delta Manufacturing Ltd (Formerly known as Delta Magnets Limited) was established in September, 1982 with technology provided by Tokyo Kikai Sangyo (TKS) Company, Japan, to provide magnets to OEMs. The Company`s manufacturing facility is located at Nashik , Northeast of Mumbai, India which is the nearest sea as well as airport. The principal business of the Company is manufacturing of hard ferrite magnets, soft ferrite magnets, textile woven labels, fabric printed labels and elastic / woven tape. Apart from this, the Company manufactures ring magnets for Loudspeakers, arc magnets for automobiles, flat rectangular shaped magnets for various other applications and Isotropic rings for DC motor, dynamo etc. It is driven by customer requirements and customer satisfaction for which Delta Manufacturing earned a reputation of top quality production and expertise in Just in Time supply chain support. The Company started commercial production in 1986. During 1998-99, it commissioned its new plant, having doubled its capacity from 1800 TPA to 3600 TPA. During the year 2008-09, name of the Company was changed from G.P. Electronics Limited to Delta Magnets Limited, w.e.f. 31st October, 2008. The Company acquired 100% stake of MMG India Private Limited and MMG Magdev Limited, U.K. effective on June 30, 2010. Pilamec Ltd., UK was made step down subsidiary of the Company in 2017. The Company had issued and allotted 4,380,106 Equity Shares of the face value of Rs 10/- each through the Scheme of Amalgamation between the Company, Arrow Textiles Limited (ATL) and MMG India Private Limited (MMG) in December, 2019 and as a result of this, MMG India Private Limited ceased to be subsidiary of the Company pursuant to the Scheme in 2019-20.

Delta Manufacturing share price as on 19 May 2024 is Rs. 100.3. Over the past 6 months, the Delta Manufacturing share price has increased by 19.83% and in the last one year, it has increased by 36.37%. The 52-week low for Delta Manufacturing share price was Rs. 71.95 and 52-week high was Rs. 132.75.