DELPHI WORLD MONEY LIMITED (DELPHIFX) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of DELPHI WORLD MONEY LIMITED stock ₹3.83, price ₹5.23, that is 26.9% below the price, quality 33 out of 100. Rating: overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range ₹4.96 – ₹264.02 · fair‑value band ₹3.56 – ₹4.16 · the ₹5.23 price screens above the ₹3.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Delphi World Money Limited operates as a foreign exchange services company in India. The company is involved in buying and selling forex; prepaid forex card and forex for students; and provision of money transfer/remittances, miscellaneous remittances, and cash to master services.
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It also provides travel insurance services. The company was formerly known as Ebixcash World Money India Limited and changed its name to Delphi World Money Limited in August 2021. The company was incorporated in 1985 and is based in Mumbai, India.
Delphi World Money Limited operates as a subsidiary of EbixCash World Money Limited.
Stock analysis
DELPHI WORLD MONEY LIMITED (DELPHIFX) currently trades at ₹5.23, while our model-based Fair Value estimate is ₹3.83, 27% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹10.01 per share, and 3 of the 9 models we run sit above the ₹5.23 price.
Bear case: the Earnings-Based group reads lowest at ₹0.9800, and 6 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹3.56 (bear) to ₹4.16 (bull), the price of ₹5.23 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 33/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
DELPHI WORLD MONEY LIMITED reported revenue of ₹12.5B in FY2026 versus ₹15.0B in FY2022, a compound −4.5%/yr. Reported net income was ₹28.8M in FY2026, compounding −22.3%/yr from FY2022.
Key figures
Market cap ₹1.4B (≈ $14.5M) Micro · P/E ratio 21.8 · P/S ratio 0.10 · EPS (TTM) ₹0.2400 · Net margin 0.3% · Return on equity 1.6% · Return on assets (EBIT) −2.4% (5-year average) · Operating margin 1.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 94% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 7% fair-value upside, at −27%, DELPHIFX screens richer than that median.
Fair Value models
Bear₹3.56Fair Value ₹3.83Bull₹4.16
Price ₹5.23 · Downside -26.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹0.1479 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Growth DCF₹4.63₹5.21₹6.0879
Owner Earnings₹4.57₹5.18₹6.1877
5Y P/E Exit₹3.89₹4.34₹4.8971
All 9 models by family
DCF Models
Owner Earnings₹4.57₹5.18₹6.1877
5Y P/E Exit₹3.89₹4.34₹4.8971
10Y P/E Exit₹4.19₹4.50₹4.7864
Earnings-Based
Graham-Dodd₹0.8000₹0.9800₹1.1067
Multiples
P/E Multiple₹1.15₹1.53₹1.9163
P/B Multiple₹12.30₹16.40₹20.5055
Asset-Based
NCAV (Graham)₹6.61₹10.01₹12.5154
Growth DCF
Growth DCF₹4.63₹5.21₹6.0879
Economic Profit
Residual Income₹7.27₹7.75₹8.3771
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−27.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−21.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.0%
Start year 2021 (pandemic). Over 10 years: −12.6% a year
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.6%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−60.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−60.4%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−60.4% vs −32.1%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → −12%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 9.2%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 455 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−26.9% · Below median
Profitability
Return on equity (12 months)1.6% · Below median
Return on assets0.5% · Below median
Net margin (12 months)0.3% · Bottom 25%
Operating margin (12 months)1.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)4.0% · Below median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Capital Markets median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "DELPHI WORLD MONEY LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/DELPHIFX
Frequently asked questions
Is DELPHI WORLD MONEY LIMITED (DELPHIFX) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ₹3.83 versus a price of ₹5.23, about 27% lower (overvalued).
What is the fair value of DELPHIFX?
Our model-based fair value for DELPHI WORLD MONEY LIMITED is ₹3.83 (as of Nov 7, 2026), built from audited fundamentals. The current price: ₹5.23.
What is the quality score of DELPHIFX?
DELPHI WORLD MONEY LIMITED has a Quality Score of 33/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for DELPHI WORLD MONEY LIMITED (DELPHIFX)?
Our model-based price target is the fair value of ₹3.83 (as of Nov 7, 2026) from 9 valuation models. Cautious scenario ₹3.56, optimistic scenario ₹4.16. It is a calculation from audited fundamentals, not an analyst target.
What is the DELPHI WORLD MONEY LIMITED stock forecast for 2026?
Our models put fair value at ₹3.83, about 27% lower versus a price of ₹5.23 (overvalued). Cautious scenario ₹3.56, optimistic scenario ₹4.16. The calculation is refreshed regularly with new filings.
What is the revenue of DELPHI WORLD MONEY LIMITED (DELPHIFX)?
DELPHI WORLD MONEY LIMITED reported trailing-twelve-month revenue of about ₹14.2B (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of DELPHI WORLD MONEY LIMITED (DELPHIFX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DELPHI WORLD MONEY LIMITED it is ₹3.83 per share (as of Nov 7, 2026), against a price of ₹5.23. It is the blended result of 9 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is DELPHI WORLD MONEY LIMITED stock overvalued or undervalued in 2026?
As of Nov 7, 2026, DELPHIFX trades above its calculated fair value: price ₹5.23, fair value ₹3.83, a gap of about −27% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DELPHIFX?
No. The price is what the market pays today (₹5.23); the fair value is what the company's own numbers justify (₹3.83). For DELPHI WORLD MONEY LIMITED the two are ₹1.41 per share apart. That gap is exactly why we show both numbers side by side.
How much is DELPHI WORLD MONEY LIMITED worth?
The market values DELPHI WORLD MONEY LIMITED at about ₹1.4B (market capitalisation, as of Nov 7, 2026). Per share that is ₹5.23; our models calculate a fair value of ₹3.83 per share.
What do the bullish and bearish scenarios say about DELPHIFX?
Our models span a range for DELPHI WORLD MONEY LIMITED: cautious scenario ₹3.56, base ₹3.83, optimistic ₹4.16 per share (as of Nov 7, 2026, price ₹5.23). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DELPHIFX?
DELPHI WORLD MONEY LIMITED trades at a price-to-earnings ratio of 21.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹3.83 is built from several models across several years. Other multiples: P/B 0.4, P/S 0.1, EV/EBITDA 2.2.
How solid is the balance sheet of DELPHI WORLD MONEY LIMITED (DELPHIFX)?
Balance-sheet figures for DELPHI WORLD MONEY LIMITED (as of Nov 7, 2026): return on equity 1.6%, debt of 0.06 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is DELPHIFX from its 52-week high?
DELPHI WORLD MONEY LIMITED trades at ₹5.23, about 94% below its 52-week high of ₹84.35 and 5% above the low of ₹4.96 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹3.83 is for.
Which stocks are comparable to DELPHI WORLD MONEY LIMITED?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is DELPHI WORLD MONEY LIMITED stock attractive at the current price?
The data as of Nov 7, 2026: price ₹5.23, calculated fair value ₹3.83 (−27%), Quality Score 33/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DELPHIFX calculated?
We run DELPHI WORLD MONEY LIMITED through 9 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹3.83 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. DELPHI WORLD MONEY LIMITED itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of DELPHI WORLD MONEY LIMITED (DELPHIFX)?
The closing price on Nov 9, 2026 was ₹5.23. Our model-based fair value is ₹3.83, about 27% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DELPHI WORLD MONEY LIMITED right now?
The price sits above even our optimistic bull case (₹4.16). The favourable scenario is already priced in. Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of DELPHI WORLD MONEY LIMITED (DELPHIFX) come from?
Earnings per share at DELPHI WORLD MONEY LIMITED grew −8.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share −8.5 %, EBIT margin −9.0 %, tax rate +1.9 %, residual (interest, one-offs) +8.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of DELPHI WORLD MONEY LIMITED
How large is the market capitalisation of DELPHI WORLD MONEY LIMITED (DELPHIFX)?
The market capitalisation of DELPHI WORLD MONEY LIMITED is ₹1.4B (≈ $14.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of DELPHI WORLD MONEY LIMITED (DELPHIFX)?
The price-to-sales ratio of DELPHI WORLD MONEY LIMITED is 0.10 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DELPHI WORLD MONEY LIMITED (DELPHIFX)?
Earnings per share at DELPHI WORLD MONEY LIMITED are ₹0.2400 (price ÷ EPS = P/E 21.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of DELPHI WORLD MONEY LIMITED (DELPHIFX)?
The net margin of DELPHI WORLD MONEY LIMITED is 0.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of DELPHI WORLD MONEY LIMITED (DELPHIFX)?
The return on equity (ROE) of DELPHI WORLD MONEY LIMITED is 1.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of DELPHI WORLD MONEY LIMITED (DELPHIFX)?
On an EBIT basis the return on assets of DELPHI WORLD MONEY LIMITED is −2.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of DELPHI WORLD MONEY LIMITED (DELPHIFX)?
The operating margin of DELPHI WORLD MONEY LIMITED is 1.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DELPHI WORLD MONEY LIMITED (DELPHIFX)?
Revenue at DELPHI WORLD MONEY LIMITED is growing +4.0% versus a year earlier (3y avg −21.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does DELPHI WORLD MONEY LIMITED (DELPHIFX) generate?
The free cash flow of DELPHI WORLD MONEY LIMITED is ₹1.2B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does DELPHI WORLD MONEY LIMITED (DELPHIFX) carry?
The net debt of DELPHI WORLD MONEY LIMITED is ₹679M (fiscal year 2026, ≈ 0.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 7, 2026