Delaplex Limited (DELAPLEX)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Delaplex's revenue was ₹32.0 Cr (+0.0% year on year, -13.5% on the previous half-year), and net profit ₹6.0 Cr (+0.0% year on year); the operating margin was 18.8%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹32.0 | +0.0% | -13.5% |
| Operating profit | ₹6.0 | -14.3% | -14.3% |
| Net profit | ₹6.0 | +0.0% | -14.3% |
| EPS (₹) | 6.17 | -3.1% | -22.2% |
| Operating margin | 18.8% | — | — |
DELAPLEX delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 65.22% of the DELAPLEX shares traded on NSE were taken to delivery, against the stock's own 20-session average of 69.99%. That is close to its usual level. It traded 4.7 times its average daily volume. It closed at its upper price band (circuit) on 16 Oct, one of 4 band closes in about the last 20 sessions.
Delivery in the last 5 sessions: 75.0% · 55.9% · 71.0% · 58.8% · 65.2%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Delaplex Limited's wholly owned UK subsidiary, Delaplex Software Limited, has completed the 100% acquisition of UK-based Bisham Limited and Bisham Consulting Limited. The total consideration is up to GBP 400k for Bisham Limited and GBP 2 for Bisham Consulting Limited, settled in cash. Both target entities operate in supply chain and Warehouse Management Systems (WMS) consulting, with Bisham Limited generating annual turnover below GBP 1 million and Bisham Consulting below GBP 1,000 over the last 3 years. The acquisition aligns with Delaplex's strategy to expand consulting and implementation capabilities in the UK and European logistics markets.
- 100% equity acquired in both Bisham Limited and Bisham Consulting Limited by UK subsidiary Delaplex Software Limited
- Cash purchase consideration capped at GBP 400k for Bisham Limited, plus GBP 2 for Bisham Consulting Limited
- Bisham Limited turnover has been less than GBP 1 Million in each of the last 3 years
- Acquisition has already been completed with no regulatory approvals required
Delaplex Limited submitted the voting results and scrutinizer's report for its 22nd Annual General Meeting (AGM) held on September 12, 2026. The meeting for the financial year 2025-26 took place at the company's Nagpur premises. The company reported TTM revenue of Rs 137 Cr and net profit of Rs 25 Cr with zero debt. This submission represents standard regulatory compliance under SEBI Listing Regulations.
- 22nd Annual General Meeting conducted on September 12, 2026 at 12:30 P.M.
- Meeting pertained to Financial Year 2025-26 operations and approvals
- Report submitted by Scrutinizer CS Avinash Gandhewar pursuant to Regulation 44
Delaplex Limited concluded its 22nd Annual General Meeting on September 12, 2026, with 17 members attending. The meeting covered adoption of FY26 financials, re-appointment of whole-time director Mrs. Preeti Nitin Sachdeva, and remuneration approvals for key promoter directors. Members also voted on an agenda item to increase limits for loans, guarantees, and securities under Section 185 of the Companies Act, 2013. Official voting results will be declared by September 14, 2026.
- 22nd Annual General Meeting held on September 12, 2026, spanning 45 minutes (12:30 PM to 01:15 PM)
- Total of 17 members including authorized representatives attended the meeting venue
- Special business included approving remuneration for MD Mr. Nitin Sachdeva and WTD Mrs. Preeti Nitin Sachdeva
- Voted on increasing loan and guarantee limits under Section 185 of the Companies Act, 2013
- Final scrutinizer voting results under Regulation 44(3) to be submitted by September 14, 2026
Delaplex Limited has scheduled its 22nd Annual General Meeting (AGM) for Saturday, September 12, 2026, at 12:30 PM. The company has fixed Saturday, September 5, 2026, as the cut-off date to determine shareholder eligibility for remote e-voting. The remote e-voting window will be open from September 9, 2026 (9:00 AM IST) to September 11, 2026 (5:00 PM IST). This is a standard corporate compliance filing with no operational or financial impact.
- 22nd Annual General Meeting scheduled for September 12, 2026 at 12:30 PM
- Cut-off/Record date for remote e-voting fixed as September 5, 2026
- Remote e-voting window active from September 9, 2026 (9:00 AM IST) to September 11, 2026 (5:00 PM IST)
- Avinash Gandhewar appointed as the scrutinizer for the voting process
Delaplex Limited has issued the notice for its 22nd Annual General Meeting (AGM) scheduled for September 12, 2026. Key special business items include approving managerial remuneration of up to Rs 1.40 crore p.a. for MD Nitin Sachdeva and up to Rs 40 lakh p.a. for Whole-time Director Preeti Sachdeva for 3 years. Additionally, the company seeks shareholder approval under Section 185 to advance loans, guarantees, or securities up to Rs 50 crore (representing ~61% of net worth) to its subsidiaries and step-down subsidiaries.
- 22nd AGM scheduled for September 12, 2026; cut-off date for e-voting is September 5, 2026.
- Proposed remuneration of up to INR 140 Lakhs p.a. for Managing Director Nitin Sachdeva for 3 years.
- Proposed remuneration of up to INR 40 Lakhs p.a. for Whole-time Director Preeti Nitin Sachdeva for 3 years.
- Shareholder approval sought to extend loans/guarantees/securities up to INR 50 Crores to subsidiaries under Section 185.
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew 5% YoY to INR 390 million in H1 FY26 from INR 373 million. Growth was driven by expansion in EMEA post-Blueberry acquisition and new strategic consulting in Hyderabad.
Geographic Revenue Split
The company serves global clients across the US, UK, Europe, MENA, and India. Specific regional percentages are not disclosed, but EMEA expansion is highlighted as a key growth driver.
Profitability Margins
EBITDA margin expanded by 172 basis points to 23.5% in H1 FY26 from 21.8%. PAT margin improved by 132 basis points to 18.4% from 17.1% YoY.
EBITDA Margin
EBITDA margin stood at 23.5% in H1 FY26, up from 21.8% in H1 FY25, reflecting a 13% YoY growth in absolute EBITDA to INR 92 million.
Capital Expenditure
Historical CapEx for FY25 included investments in technology infrastructure; planned CapEx focuses on scaling Edge Micro Data Centers and AI-enabled platforms. Specific INR Cr values for future CapEx are not disclosed.
Credit Rating & Borrowing
Consolidated finance costs were INR 3.64 Lakhs for FY25, indicating minimal debt and low borrowing costs. Standalone finance costs were INR 2.45 Lakhs.
Operational Drivers
Raw Materials
As a technology services firm, the primary 'raw material' is human capital, specifically skilled software engineers. 82% of associates have 5+ years of experience.
Import Sources
Talent is primarily sourced from India, with development centers in Bangalore, Pune, Hyderabad, and Nagpur.
Key Suppliers
Key technology partners and infrastructure providers include BSNL (Edge Computing), Blue Yonder, Microsoft, AWS, and Verint.
Capacity Expansion
Current capacity includes 4 development centers in India and offices in Atlanta (US) and London (UK). Expansion is focused on scaling the Edge Micro Data Centre platform with BSNL.
Raw Material Costs
Employee benefit expenses are the primary cost driver. Specific percentage of revenue for H1 FY26 is not disclosed, but margin expansion indicates efficient cost management.
Manufacturing Efficiency
Efficiency is measured by high customer satisfaction (95-98%) and a high retention rate (>90%), with over 85% of clients staying for 4+ years.
Logistics & Distribution
Not applicable; services are delivered digitally through a multi-shore delivery model.
Strategic Growth
Expected Growth Rate
20%
Growth Strategy
Growth will be achieved by scaling the Edge Micro Data Centre platform with BSNL, commercializing AI-enabled platforms and low-code accelerators, and driving synergies from the Blueberry Systems and Celestia Crew acquisitions.
Products & Services
Software development, supply chain consulting, Edge Micro Data Centers, AI-driven digital transformation solutions, and business consultancy.
Brand Portfolio
Delaplex, DelaOne (System Integrator), Blueberry Systems, Celestia Crew Consultancy.
New Products/Services
Edge Micro Data Centers (DelaOne) and AI-enabled platforms for retail, logistics, and workforce management are expected to drive H2 FY26 growth.
Market Expansion
Deepening presence in the UK, Europe, MENA, and the US, with a focus on converting paid POCs with PSUs and large enterprises into full-scale projects.
Market Share & Ranking
Not disclosed in available documents; company positions itself at the intersection of IT Services, Edge Computing, and AI Consulting.
Strategic Alliances
Strategic partnerships with BSNL, Blue Yonder, Microsoft, AWS, and Verint to provide tailored industry solutions.
External Factors
Industry Trends
The India IT services market is expanding; trends include a shift toward AI-driven transformation, Edge Computing, and subscription-based software offerings.
Competitive Landscape
Operates in a highly competitive sector against global IT firms; differentiates through specialized supply chain expertise and Edge Computing alliances.
Competitive Moat
Moat consists of 17+ years of expertise, high customer retention (>90%), and a highly experienced workforce (82% with 5+ years exp). These are sustainable through deep domain knowledge in supply chain.
Macro Economic Sensitivity
Highly sensitive to global IT spending and client budget cycles, particularly in the US and Europe.
Consumer Behavior
Rising demand for user-centric applications and intuitive UX/UI design is driving the company to strengthen its digital experience expertise.
Geopolitical Risks
Trade barriers and regulatory changes in EMEA and the US could impact the delivery of cross-border IT services.
Regulatory & Governance
Industry Regulations
Compliance with global data protection standards including GDPR and CCPA is a key differentiator for their development services.
Environmental Compliance
Exploring opportunities for green software solutions and reducing environmental footprint; specific ESG costs not disclosed.
Taxation Policy Impact
Not disclosed in available documents; company follows standard Indian and international tax regulations for its various entities.
Legal Contingencies
No material weaknesses in internal controls or significant pending court cases were identified in the available financial year reviews.
Risk Analysis
Key Uncertainties
Cybersecurity threats, data breaches, and the challenge of balancing continuous innovation with operational stability.
Geographic Concentration Risk
Significant revenue is derived from the US and UK markets, making the company vulnerable to regional economic downturns.
Third Party Dependencies
Strategic dependency on BSNL for the Edge Micro Data Centre initiative and Blue Yonder for supply chain consulting.
Technology Obsolescence Risk
High risk in the fast-evolving AI and cloud space; requires constant R&D to maintain a competitive edge.
Credit & Counterparty Risk
Receivables quality is managed through a comprehensive system of internal controls; no material design weaknesses identified.
