DELPHIFX
DELPHI WORLD MONEY financials
- Market cap
- ₹144 Cr
- Sector
- Financial Services
What DELPHI WORLD MONEY LIMITED does
Delphi World Money Limited (formerly Weizmann Forex / EbixCash World Money) is an RBI-authorised Category-II Authorized Dealer and Full-Fledged Money Changer offering foreign exchange and cross-border remittance services. It runs two verticals: a Forex business covering wholesale currency trading with banks/money changers, retail currency exchange and travel-card sales to travellers and corporates, and outward remittances for students, tour operators and film shoots; and an International Remittances business built on principal-agent tie-ups with global money-transfer operators for inward remittances. Distribution runs through its own branches, airport forex counters and a large sub-agent network, with cross-sells into travel insurance and domestic money transfer.
Segments
- Forex
- International Remittances
- Customer touch points
- 61,000+
- Branches
- 200+
- Districts covered
- 707 (pan-India)
- Airport forex counters
- 18
- Cumulative customers served
- 28 million+ (over 23 years)
- Global remittance principal-agent partners
- 5 (Western Union, MoneyGram, Ria, Xpress Money, Transfast)
Quarterly results
Q4 FY26: revenue down 24.4%, net profit down 162.0% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 14 | 13 | 13 | 12 −22% | 12 −16% | 11 −10% | 9 −24% |
| EBITDA | 1 | -4 | -1 | 3 | 2 +98% | 2 +138% | 1 +211% | 0 −95% |
| Net profit | 4 | 0 | -6 | 3 | 5 +26% | 3 +1459% | 0 +104% | -2 −162% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −61.6% 1Y
1Y: ₹14.98 on 10 Sept 2025 → ₹5.75. High ₹16.87 (19 Dec 2025), low ₹5.75 (11 Sept 2026).
Financials, as filed
Revenue fell 25.5% a year over 2 years, FY24 to FY26. Operating margin narrowed to 10.4%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹81 Cr | ₹55 Cr | ₹45 Cr |
| Operating profit | ₹9 Cr | ₹-0 Cr | ₹5 Cr |
| Operating margin | 11.6% | -0.9% | 10.4% |
| Interest | ₹2 Cr | ₹3 Cr | ₹1 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹15 Cr | ₹1 Cr | ₹6 Cr |
| Net margin | 18.8% | 1.4% | 12.6% |
| Cash from operations | — | ₹-4 Cr | ₹-13 Cr |
| Free cash flow | — | ₹-6 Cr | ₹-13 Cr |
| ROCE | 11.5% | 7.2% | 4.2% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY16 | FY17 | FY18 | FY19 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹11 Cr | ₹11 Cr | ₹49 Cr |
| Reserves | ₹89 Cr | ₹125 Cr | ₹175 Cr | ₹94 Cr | ₹219 Cr | ₹279 Cr |
| Borrowings | ₹78 Cr | ₹63 Cr | ₹119 Cr | ₹56 Cr | ₹186 Cr | ₹1 Cr |
| Other liabilities | ₹90 Cr | ₹102 Cr | ₹103 Cr | ₹132 Cr | ₹178 Cr | ₹45 Cr |
| Total liabilities | ₹268 Cr | ₹301 Cr | ₹408 Cr | ₹293 Cr | ₹594 Cr | ₹374 Cr |
| Fixed assets | ₹38 Cr | ₹39 Cr | ₹39 Cr | ₹8 Cr | ₹53 Cr | ₹4 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹29 Cr | ₹54 Cr | ₹80 Cr | ₹0 Cr | ₹0 Cr | ₹252 Cr |
| Other assets | ₹201 Cr | ₹209 Cr | ₹289 Cr | ₹285 Cr | ₹541 Cr | ₹118 Cr |
| Total assets | ₹268 Cr | ₹301 Cr | ₹408 Cr | ₹293 Cr | ₹594 Cr | ₹374 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −13.68 pp while the public added +13.67 pp. The shareholder count grew 52% to 14,998.
- Promoters
- 61.3%
- Public
- 38.7%
Since Jun 2025
- Promoters −13.68 pp
- Public +13.67 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 89.5% to 61.3% — −28.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 89.5%, Public 10.4%.Dec '23: Promoters 75.0%, Government 2.0%, Public 23.0%.Mar '24: Promoters 75.0%, Public 25.0%.Jun '24: Promoters 75.0%, Public 25.0%.Sep '24: Promoters 75.0%, Public 25.0%.Dec '24: Promoters 75.0%, DIIs 0.1%, Public 24.9%.Mar '25: Promoters 75.0%, DIIs 0.2%, Public 24.8%.Jun '25: Promoters 75.0%, Public 25.0%.Sep '25: Promoters 75.0%, Public 25.0%.Dec '25: Promoters 61.3%, FIIs 0.5%, Public 38.2%.Mar '26: Promoters 61.3%, FIIs 0.0%, Public 38.7%.Jun '26: Promoters 61.3%, Public 38.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Nidhi Gupta newly disclosed 1.18% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of DELPHI WORLD MONEY LIMITED above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ebixcash World Money Limited | 61.32% | unchanged |
| Gi Engineering Solutions Limited | 4.32% | unchanged |
| G G Engineering Limited | 2.69% | unchanged |
| Sharad Premprakash Rathi | 1.73% | unchanged |
| Investor Education and Protection Fund | 1.57% | unchanged |
| All Time Securities Private Limited | 1.36% | unchanged |
| Integra Essentia Limited | 1.35% | unchanged |
| Nidhi Gupta | 1.18% | newly disclosed |
| Ebix Inc. | 0.00% | unchanged |
| Ebix Asia Holding Inc. | 0.00% | unchanged |
| Yoshi Envirotech Private Limited | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse DELPHI WORLD MONEY LIMITED
Guides on how to read this kind of business and the numbers that matter.