DELPHI WORLD MONEY LIMITED (DELPHIFX) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of DELPHI WORLD MONEY LIMITED ₹6.66, price ₹6.20, upside +7.4%, quality 33 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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. It also provides travel insurance services.
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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. 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 ₹6.20, while our model-based Fair Value estimate is ₹6.66, so the stock looks roughly fairly valued today (gap 6.8%).
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹25.25 per share, and 6 of the 9 models we run sit above the ₹6.20 price.
Bear case: the Earnings-Based group reads lowest at ₹0.9800, and 3 of the 9 models stay below the price. Evidence for this calculation is low.
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 ₹2.0B (≈ $21.1M) · P/E ratio 38.8 · P/S ratio 0.09 · EPS (TTM) ₹0.1600 · Net margin 0.2% · Return on equity 1.6% · Return on assets (EBIT) −2.4% · Operating margin 2.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 93% below its 52-week high and 25% above its 52-week low.
For context, the median of 10 Financial Services peers we cover trades at −18% fair-value upside, at 7%, DELPHIFX screens cheaper than that median.
Fair Value models
Bear ₹6.66Fair Value ₹6.66Bull ₹6.66
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.0789 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.Evidence ⓘEvidence = 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.
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.
−57.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−57.5%
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.−57.5% vs −29.6%, 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%
Start year 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.
Compare DELPHI WORLD MONEY LIMITED with another stock
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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 · 456 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside+2.3% · Above median
Profitability
Return on equity (TTM)1.6% · Below median
Return on assets3.3% · Above median
Net margin (TTM)0.3% · Bottom 25%
Operating margin (TTM)2.2% · Below median
Growth and dividend
Revenue growth−7.7% · Bottom 25%
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 Sep 27, 2026, our model estimates a fair value of ₹6.66 versus a price of ₹6.20, about +7% upside (fairly valued).
What is the fair value of DELPHIFX?
Our model-based fair value for DELPHI WORLD MONEY LIMITED is ₹6.66 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹6.20.
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 ₹6.66 (as of Sep 27, 2026) from 9 valuation models. 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 ₹6.66, about +7% upside versus a price of ₹6.20 (fairly valued). 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 Sep 27, 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 ₹6.66 per share (as of Sep 27, 2026), against a price of ₹6.20. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is DELPHI WORLD MONEY LIMITED stock overvalued or undervalued in 2026?
As of Sep 27, 2026, DELPHIFX trades below its calculated fair value: price ₹6.20, fair value ₹6.66, a gap of about +7% (fairly valued). 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 (₹6.20); the fair value is what the company's own numbers justify (₹6.66). For DELPHI WORLD MONEY LIMITED the two are ₹0.4560 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 ₹2.0B (market capitalisation, as of Sep 27, 2026). Per share that is ₹6.20; our models calculate a fair value of ₹6.66 per share.
What is the P/E ratio of DELPHIFX?
DELPHI WORLD MONEY LIMITED trades at a price-to-earnings ratio of 38.8 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹6.66 is built from several models across several years. Other multiples: P/B 0.6, P/S 0.1, EV/EBITDA 4.1.
How solid is the balance sheet of DELPHI WORLD MONEY LIMITED (DELPHIFX)?
Balance-sheet figures for DELPHI WORLD MONEY LIMITED (as of Sep 27, 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 ₹6.20, about 93% below its 52-week high of ₹84.35 and 25% above the low of ₹4.96 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹6.66 is for.
Which stocks are comparable to DELPHI WORLD MONEY LIMITED?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, 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 Sep 27, 2026: price ₹6.20, calculated fair value ₹6.66 (+7%), 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹6.66, 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 13.9 % above its aggregate fair value. DELPHI WORLD MONEY LIMITED currently trades 7 % below its own fair value, and the market average says nothing about that. 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 Sep 25, 2026 was ₹6.20. Our model-based fair value is ₹6.66, about +7% upside (fairly valued). 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 is below even our cautious bear case (₹6.66). The market is more pessimistic than our downside scenario. The price sits close to our fair value, market and models broadly agree here, little valuation tension. 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 ₹2.0B (≈ $21.1M). 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 0.09 (P/E × margin). 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 ₹0.1600 (price ÷ EPS = P/E 38.8). 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 0.2% (fiscal year 2026). 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 2.2% (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 −7.7% 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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