BSE: 532848 | NSE: DELTACORP | Miscellaneous | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Delta Corp Ltd is a average quality company.
The key valuation ratios of Delta Corp Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Delta Corp Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.2% | 7.4% | 9.1% | 12.2% | 14.7% | 8.1% | 5.1% | 5.6% | 13.1% | 14.7% | - |
| Value Creation Index ⓘ | -0.5 | -0.5 | -0.4 | -0.1 | 0.1 | -0.4 | -0.6 | -0.6 | 0.0 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 194 | 240 | 278 | 376 | 475 | 458 | 202 | 359 | 594 | 636 | 580 |
| Sales YoY Gr. | - | 23.6% | 15.8% | 35.2% | 26.5% | -3.6% | -56% | 77.9% | 65.5% | 7% | - |
| Adj EPS ⓘ | 1.3 | 1.8 | 2.3 | 3.5 | 6.3 | 3.3 | 3.3 | 2.9 | 8.2 | 7.9 | 7.9 |
| YoY Gr. | - | 38.6% | 28.4% | 54.4% | 81.4% | -48.3% | -0.3% | -10.7% | 181.4% | -3.1% | - |
| BVPS (₹) ⓘ | 37.3 | 38.1 | 41.1 | 62.2 | 70.7 | 69.8 | 74.1 | 74.4 | 80.1 | 91.7 | 96.2 |
| Adj Net Profit ⓘ | 29.4 | 40.7 | 52.3 | 93.3 | 171 | 88.6 | 87.1 | 77.7 | 219 | 213 | 213 |
| Cash Flow from Ops. ⓘ | 51.1 | 67.9 | 81.7 | 132 | 129 | 182 | 54.6 | 139 | 223 | 186 | - |
| Debt/CF from Ops. ⓘ | 2.2 | 1.2 | 0.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 14.1% | 6% | 46.6% | 7% | ||||
| Adj EPS ⓘ | 22.6% | 4.6% | 34.6% | -3.1% | ||||
| BVPSⓘ | 10.5% | 5.3% | 7.3% | 14.5% | ||||
| Share Price | 1.1% | -11.2% | -26.9% | -23.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.5 | 4.7 | 5.7 | 7.1 | 9.5 | 4.6 | 4.4 | 3.9 | 10.5 | 9.2 | 8.5 |
| Op. Profit Mgn % ⓘ | 36.4 | 34.5 | 35 | 41.7 | 45.3 | 43 | 16.5 | 38.6 | 46.6 | 44.2 | 35.8 |
| Net Profit Mgn % ⓘ | 15.1 | 16.9 | 18.8 | 24.8 | 36.1 | 19.3 | 43.2 | 21.6 | 36.9 | 33.5 | 36.7 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 695 | 610 | 529 | 400 | 296 | 217 | 447 | 225 | 146 | 172 | 233 |
| Cash Conv. Cycle ⓘ | 7 | 2 | -1 | -4 | -6 | -12 | -18 | -10 | -17 | -21 | 195 |
Return on Equity has increased versus last 3 years average to 8.40%
Sales growth is growing at healthy rate in last 3 years 46.59%
Net Profit is growing at healthy rate in last 3 years 34.55%
Sales growth is not so good in last 4 quarters at -3.07%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.9 | 5.9 |
| TTM Sales (₹ Cr.) | 580 | 757 |
| BVPS (₹.) ⓘ | 96.2 | 96.4 |
| Reserves (₹ Cr.) ⓘ | 2,550 | 2,555 |
| P/BV ⓘ | 1.15 | 1.15 |
| PE ⓘ | 13.92 | 18.88 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 104.30 / 154.95 |
| All Time Low / High (₹) | 14.80 / 401.30 |
| Market Cap (₹ Cr.) | 2,960 |
| Equity (₹ Cr.) | 26.8 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 13.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 194 | 240 | 278 | 376 | 475 | 458 | 202 | 359 | 594 | 636 |
| Operating Expenses ⓘ | 124 | 158 | 181 | 219 | 261 | 262 | 169 | 221 | 318 | 355 |
| Manufacturing Costs | 20 | 17 | 19 | 24 | 33 | 31 | 19 | 27 | 41 | 38 |
| Material Costs | 10 | 15 | 15 | 21 | 26 | 28 | 14 | 24 | 38 | 43 |
| Employee Cost | 29 | 36 | 39 | 63 | 77 | 71 | 51 | 66 | 83 | 94 |
| Other Costs ⓘ | 65 | 90 | 108 | 112 | 125 | 131 | 85 | 104 | 157 | 181 |
| Operating Profit ⓘ | 70 | 82 | 97 | 156 | 215 | 196 | 33 | 138 | 276 | 280 |
| Operating Profit Margin (%) | 36.2% | 34.3% | 34.9% | 41.6% | 45.2% | 42.9% | 16.2% | 38.5% | 46.5% | 44.1% |
| Other Income ⓘ | 7 | 5 | 5 | 24 | 66 | 34 | 27 | 19 | 32 | 39 |
| Interest ⓘ | 16 | 15 | 14 | 5 | 5 | 6 | 3 | 5 | 9 | 11 |
| Depreciation ⓘ | 12 | 11 | 12 | 15 | 16 | 19 | 16 | 31 | 31 | 37 |
| Exceptional Items ⓘ | 4 | -5 | 0 | -1 | 0 | -56 | 56 | -14 | -4 | 59 |
| Profit Before Tax ⓘ | 53 | 56 | 76 | 160 | 260 | 149 | 97 | 108 | 266 | 330 |
| Tax ⓘ | 21 | 19 | 24 | 56 | 77 | 50 | 10 | 31 | 50 | 77 |
| Profit After Tax | 32 | 37 | 53 | 105 | 183 | 100 | 87 | 77 | 216 | 253 |
| PAT Margin (%) | 16.4% | 15.5% | 18.9% | 27.8% | 38.6% | 21.7% | 43.0% | 21.4% | 36.3% | 39.9% |
| Adjusted EPS (₹) | 1.4 | 1.6 | 2.3 | 3.9 | 6.8 | 3.7 | 3.3 | 2.9 | 8.1 | 9.5 |
| Dividend Payout Ratio (%) | 7% | 12% | 15% | 26% | 18% | 41% | 31% | 43% | 15% | 13% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 861 | 879 | 952 | 1,665 | 1,916 | 1,891 | 1,978 | 1,989 | 2,143 | 2,456 |
| Share Capital ⓘ | 23 | 23 | 23 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
| Reserves ⓘ | 838 | 856 | 929 | 1,639 | 1,889 | 1,864 | 1,951 | 1,962 | 2,116 | 2,429 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 83 | 49 | 44 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 72 | 48 | 24 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 11 | 1 | 20 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 5 | 6 | 6 | 9 | 8 | 13 | 11 | 10 | 24 | 20 |
| Others Liabilities ⓘ | 127 | 67 | 72 | 257 | 185 | 108 | 106 | 157 | 167 | 267 |
| Total Liabilities ⓘ | 1,076 | 1,001 | 1,073 | 1,933 | 2,110 | 2,012 | 2,095 | 2,156 | 2,334 | 2,742 |
Fixed Assets | ||||||||||
| Gross Block | 234 | 244 | 247 | 391 | 400 | 420 | 421 | 913 | 940 | 994 |
| Accumulated Depreciation | 19 | 41 | 41 | 56 | 71 | 85 | 100 | 231 | 258 | 292 |
| Net Fixed Assetsⓘ | 215 | 203 | 206 | 335 | 328 | 335 | 321 | 682 | 682 | 703 |
| CWIP ⓘ | 1 | 0 | 0 | 2 | 6 | 5 | 4 | 5 | 20 | 66 |
| Investmentsⓘ | 427 | 404 | 420 | 986 | 1,350 | 1,349 | 1,408 | 1,237 | 1,322 | 1,606 |
| Inventories | 11 | 12 | 12 | 13 | 12 | 13 | 13 | 13 | 14 | 14 |
| Trade Receivables | 3 | 3 | 4 | 8 | 7 | 1 | 3 | 2 | 4 | 6 |
| Cash Equivalents | 11 | 14 | 21 | 63 | 28 | 55 | 22 | 28 | 38 | 41 |
| Others Assetsⓘ | 407 | 365 | 411 | 527 | 379 | 253 | 324 | 188 | 253 | 306 |
| Total Assets ⓘ | 1,076 | 1,001 | 1,073 | 1,933 | 2,110 | 2,012 | 2,095 | 2,156 | 2,334 | 2,742 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 51 | 68 | 82 | 132 | 129 | 182 | 55 | 139 | 223 | 186 |
| PBT ⓘ | 53 | 56 | 76 | 160 | 260 | 149 | 97 | 108 | 266 | 330 |
| Adjustment ⓘ | 18 | 26 | 23 | 3 | -35 | 53 | -57 | 29 | 6 | -54 |
| Changes in Working Capital ⓘ | -2 | -0 | -3 | 14 | -21 | 35 | 21 | 39 | -43 | -18 |
| Tax Paid ⓘ | -18 | -13 | -14 | -46 | -75 | -55 | -7 | -37 | -6 | -72 |
| Cash Flow From Investing Activity ⓘ | -27 | -15 | -54 | -578 | -116 | -82 | -47 | -108 | -171 | -146 |
| Capex | -8 | -7 | -16 | -143 | -20 | -34 | -4 | -9 | -40 | -87 |
| Net Investments | 18 | 3 | 0 | -256 | -4 | -54 | 5 | -64 | 47 | 75 |
| Others ⓘ | -37 | -11 | -38 | -180 | -92 | 6 | -48 | -35 | -178 | -134 |
| Cash Flow From Financing Activityⓘ | -42 | -50 | -21 | 488 | -48 | -74 | -43 | -28 | -39 | -39 |
| Net Proceeds from Shares ⓘ | 14 | 0 | 9 | 555 | 0 | 0 | 0 | 4 | 2 | 3 |
| Net Proceeds from Borrowing ⓘ | -11 | -22 | -32 | -23 | -2 | -4 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -15 | -15 | -13 | -4 | -1 | 0 | 0 | -2 | -1 | -1 |
| Dividend Paid ⓘ | -6 | -2 | -5 | -9 | -43 | -69 | 0 | -27 | -33 | -33 |
| Others ⓘ | -24 | -11 | 18 | -31 | -2 | 0 | -43 | -3 | -6 | -7 |
| Net Cash Flow ⓘ | -17 | 3 | 6 | 42 | -35 | 27 | -35 | 3 | 13 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.81 | 4.26 | 5.75 | 7.99 | 10.24 | 5.23 | 4.48 | 3.88 | 10.45 | 11.02 |
| ROCE (%) | 7.17 | 7.36 | 9.07 | 12.24 | 14.68 | 8.05 | 5.06 | 5.6 | 13.08 | 14.7 |
| Asset Turnover Ratio | 0.18 | 0.23 | 0.27 | 0.3 | 0.29 | 0.27 | 0.12 | 0.21 | 0.26 | 0.25 |
| PAT to CFO Conversion(x) | 1.59 | 1.84 | 1.55 | 1.26 | 0.7 | 1.82 | 0.63 | 1.81 | 1.03 | 0.74 | Working Capital Days |
| Receivable Days | 7 | 5 | 5 | 5 | 4 | 2 | 3 | 2 | 2 | 3 |
| Inventory Days | 22 | 17 | 15 | 10 | 8 | 8 | 20 | 11 | 9 | 8 |
| Payable Days | 182 | 133 | 145 | 133 | 126 | 143 | 311 | 162 | 167 | 188 |
Delta Corp (formerly Arrow Webtex Limited) which was engaged in the business of textiles and real estate development/consultancy, is now the only listed company engaged in the casino (live, electronic and online) gaming industry in India. It is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. The company, along with its Subsidiaries, currently own and operate casinos in India, in the states of Goa and Sikkim, offering thousands of gaming positions. In addition, the company has also ventured into the fast-growing online gaming space through its acquisition of Gauss Networks Private Limited, which operates the online poker site 'Adda52.com'. The company’s early-mover advantage has helped it to secure a leadership position, with the company holding three of the six offshore gaming licenses issued in Goa, one land based casino in Goa and one in Sikkim; and three online gaming sites.
The company currently operates three offshore casinos in Goa. It operates Deltin Royale and Deltin JAQK, amongst the country's two largest offshore casinos, and Deltin Caravela, the only floating hotel with a casino in India. The company also owns and operates the Deltin Suites, a 106 room, all-suite hotel with a casino located in Goa. The company also operate the Casino Deltin Denzong located at the Denzong Regency hotel in Gangtok, Sikkim. It also own and operate The Deltin, a 176 room five-star hotel in Daman, which is an integrated resort with a proposed casino. It also own and operate the online poker site 'Adda52.com', the online rummy site 'Adda52rummy.com' and the online fantasy sports site 'LeagueAdda.com'.
Business area of the company
The Company is engaged in three business segments i.e. Casino Gaming, Online Skill Gaming and Hospitality.
Casino Gaming: Deltin Royale, Goa; Deltin JAQK, Goa; Deltin Caravela, Goa; Deltin Suites Casino, Goa; Deltin Denzong, Sikkim; and Deltin Casino International, Kathmandu - Nepal.
Online Skill Gaming: Adda52.com - Poker; and Adda52.com - Rummy.
Hospitality: The Deltin, Daman; and Deltin Suites, Goa.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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