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Delta Corp Overview

Delta Corp Ltd is an India-based holding enterprise this is engaged within the casino (live, electronic and on line) gaming enterprise in India. The Company's segments comprises Casino Gaming Division, Online Skill Gaming Division and Hospitality Division. It operates in Goa, Daman, Gurgaon, Sikkim and Nepal within the Casino Gaming, Hospitality and Online Skill Gaming section thru its subsidiaries. It owns and operates casinos in India, inside the states of Goa and Sikkim and an international casino in Nepal, providing approximately 2,000 gami...Read More

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Delta Corp Key Financials

Market Cap ₹1877 Cr.

Stock P/E 5.9

P/B 0.8

Current Price ₹70.1

Book Value ₹ 85.9

Face Value 1

52W High ₹103

Dividend Yield 1.78%

52W Low ₹ 62

Delta Corp Share Price

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Volume
Price

Delta Corp Quarterly Price

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Delta Corp Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 261 210 185 178 182 187 183 184 183 160
Other Income 12 13 16 13 18 12 14 12 8 7
Total Income 273 223 201 191 200 199 197 196 191 168
Total Expenditure 161 154 137 131 134 138 140 145 143 136
Operating Profit 112 69 64 60 67 61 57 51 48 32
Interest 3 3 3 2 2 1 1 1 1 1
Depreciation 17 16 13 12 12 13 13 12 12 10
Exceptional Income / Expenses 0 0 56 1 0 0 212 0 0 0
Profit Before Tax 92 50 104 48 53 47 255 38 35 20
Provision for Tax 23 15 21 13 15 -17 73 8 11 4
Profit After Tax 69 34 83 35 38 64 182 29 24 16
Adjustments -0 0 -11 -13 -11 -28 -17 0 1 -2
Profit After Adjustments 69 34 72 22 27 36 165 29 25 14
Adjusted Earnings Per Share 2.6 1.3 2.7 0.8 1 1.3 6.1 1.1 0.9 0.5

Delta Corp Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 300 375 455 608 798 773 419 616 964 848 730 710
Other Income 7 7 5 29 31 33 35 38 46 54 57 41
Total Income 307 382 460 636 829 807 454 654 1011 902 787 752
Total Expenditure 233 255 291 361 468 487 397 477 599 535 535 564
Operating Profit 74 128 169 276 361 320 57 177 412 367 252 188
Interest 51 41 35 10 13 16 14 16 24 18 13 4
Depreciation 35 36 36 37 38 49 53 56 59 56 50 47
Exceptional Income / Expenses -5 10 4 1 4 1 -9 -8 0 56 213 212
Profit Before Tax -17 56 99 228 315 256 -18 98 329 350 401 348
Provision for Tax 11 20 28 74 114 71 8 30 67 83 84 96
Profit After Tax -27 36 71 155 201 185 -26 68 262 267 317 251
Adjustments 5 3 3 1 -4 1 1 -1 -1 -23 -68 -18
Profit After Adjustments -22 38 74 156 197 186 -24 67 261 244 249 233
Adjusted Earnings Per Share -1 1.7 3.2 5.8 7.3 6.9 -0.9 2.5 9.8 9.1 9.3 8.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -14% 6% -1% 9%
Operating Profit CAGR -31% 12% -5% 13%
PAT CAGR 19% 67% 11% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -29% -30% -15% 1%
ROE Average 12% 12% 8% 7%
ROCE Average 16% 16% 11% 12%

Delta Corp Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 765 835 920 1683 1942 1955 1942 2022 2219 2518 2665
Minority's Interest 24 27 16 14 8 3 1 1 2 0 0
Borrowings 224 186 24 1 0 0 0 0 0 0 0
Other Non-Current Liabilities 37 -29 -24 -5 3 37 27 35 89 81 67
Total Current Liabilities 230 187 326 348 305 249 173 243 239 327 191
Total Liabilities 1281 1207 1262 2040 2258 2244 2143 2301 2550 2926 2923
Fixed Assets 854 861 852 1224 1229 1286 1242 1197 1211 1291 981
Other Non-Current Assets 108 30 33 39 97 90 110 156 274 655 996
Total Current Assets 319 316 377 778 932 868 792 947 1065 977 702
Total Assets 1281 1207 1262 2040 2258 2244 2143 2301 2550 2926 2923

Delta Corp Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 54 20 22 29 123 73 94 60 96 125 127
Cash Flow from Operating Activities 84 117 131 229 101 319 57 127 154 170 49
Cash Flow from Investing Activities -25 -17 -65 -460 -78 -215 -10 -36 -73 -111 1
Cash Flow from Financing Activities -93 -98 -59 301 -73 -83 -80 -44 -52 -54 -61
Net Cash Inflow / Outflow -34 2 7 69 -50 21 -34 46 29 6 -10
Closing Cash & Cash Equivalent 20 22 29 123 73 94 60 96 125 127 89

Delta Corp Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.97 1.66 3.18 5.81 7.26 6.85 -0.9 2.51 9.77 9.12 9.3
CEPS(Rs) 0.32 3.1 4.62 7.17 8.8 8.61 1.02 4.64 11.99 12.07 13.71
DPS(Rs) 0.1 0.2 0.35 1 1.25 1.5 1 1.25 1.25 1.25 1.25
Book NAV/Share(Rs) 33.16 36 39.64 62.66 71 71.19 71.31 74.08 81.39 92.75 99.05
Core EBITDA Margin(%) 22.18 32.15 36.06 34.34 33.6 30.3 4.3 18.6 37.86 36.96 26.67
EBIT Margin(%) 11.58 25.88 29.45 33.2 33.38 28.77 -0.73 15.11 36.67 43.37 56.81
Pre Tax Margin(%) -5.52 14.86 21.76 31.75 32.07 27.07 -3.54 13.02 34.14 41.24 55.03
PAT Margin (%) -9.13 9.47 15.59 21.51 20.45 19.52 -5.01 9.05 27.2 31.49 43.5
Cash Profit Margin (%) 2.43 19.05 23.53 26.67 24.29 24.65 5.34 16.54 33.28 38.11 50.33
ROA(%) -2.07 2.86 5.74 9.37 9.34 8.21 -1.16 3.05 10.82 9.76 10.85
ROE(%) -3.56 4.46 8.11 11.93 11.15 9.59 -1.33 3.49 12.62 11.46 12.36
ROCE(%) 3.12 8.91 12.07 16.9 18.06 13.98 -0.19 5.71 16.68 15.53 16
Receivable days 54.84 17.98 7.41 3.18 2.83 1.43 1.49 1.64 1.56 3.31 3.9
Inventory Days 85.94 68.25 56.31 35.52 30.92 39.13 79.89 63.48 64.05 45.61 9.42
Payable days 310.18 230.86 192.55 166.18 141.78 145.41 354.41 185.1 138 195.07 184.43
PER(x) 0 39.89 56.83 43.07 35.07 9.56 0 131.77 18.5 12.13 8.95
Price/Book(x) 2.42 1.84 4.57 4 3.59 0.92 2.27 4.46 2.22 1.19 0.84
Dividend Yield(%) 0.12 0.3 0.19 0.4 0.49 2.29 0.62 0.38 0.69 1.13 1.5
EV/Net Sales(x) 7.22 4.65 9.64 10.83 8.56 2.17 10.17 14.16 4.88 3.34 2.93
EV/Core EBITDA(x) 29.31 13.67 25.94 23.87 18.91 5.24 74.29 49.16 11.44 7.71 8.5
Net Sales Growth(%) -46.3 25.07 21.18 33.65 31.29 -3.06 -45.84 47.09 56.54 -12.05 -13.99
EBIT Growth(%) -76.97 179.45 37.89 78.38 37.19 -16.89 -101.37 3143.82 212.36 4.01 12.66
PAT Growth(%) -141.85 229.77 99.44 118.35 29.67 -7.92 -113.81 365.93 286.66 1.82 18.84
EPS Growth(%) -161.89 270.5 92.17 82.56 24.95 -5.66 -113.18 377.45 289.72 -6.63 1.95
Debt/Equity(x) 0.44 0.29 0.24 0 0 0 0 0 0 0 0
Current Ratio(x) 1.38 1.69 1.16 2.24 3.05 3.49 4.57 3.9 4.45 2.99 3.67
Quick Ratio(x) 1.09 1.31 0.95 2.04 2.74 3.06 3.9 3.3 3.64 2.93 3.57
Interest Cover(x) 0.68 2.35 3.83 23.01 25.54 16.95 -0.26 7.24 14.5 20.34 31.91
Total Debt/Mcap(x) 0.18 0.16 0.05 0 0 0 0 0 0 0 0

Delta Corp Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 33.26 33.26 33.26 33.26 33.26 33.26 33.66 33.66 33.66 34.47
FII 5.06 1.56 1.91 1.46 1.26 1.02 1.48 2.69 2.14 1.64
DII 15.73 12.19 8.93 8.8 8.61 8.37 7.75 6.27 2.63 0.24
Public 45.95 53 55.9 56.48 56.87 57.35 57.11 57.38 61.57 63.65
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Delta Corp News

Delta Corp Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Debtor days have improved from 195.07 to 184.43days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 34.47%.
  • Company has a low return on equity of 12% over the last 3 years.
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