Delta Corp Ltd - Stock Valuation and Financial Performance

BSE: 532848 | NSE: DELTACORP | Miscellaneous | Small Cap

Delta Corp Share Price

124.35 0.35 0.28%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Delta Corp

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Delta Corp stock performance -

mw4me loader
P/E Ratio (SA):
16.18
Market Cap:
3,329.7 Cr.
52-wk low:
110
52-wk high:
260

Is Delta Corp Ltd an attractive stock to invest in?

1. Is Delta Corp Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Delta Corp Ltd is a average quality company.

2. Is Delta Corp Ltd undervalued or overvalued?

The key valuation ratios of Delta Corp Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Delta Corp Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Delta Corp Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Delta Corp:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Delta Corp Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.9%4.2%5.3%6.2%7.2%9.7%4.8%4.5%4%10.6%-
Value Creation
Index
-0.5-0.7-0.6-0.6-0.5-0.3-0.7-0.7-0.7-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 117194240278376475458202359594613
Sales YoY Gr.-65.9%23.6%15.8%35.2%26.5%-3.6%-56%77.9%65.5%-
Adj EPS 2.11.31.82.33.56.33.33.32.98.17.7
YoY Gr.--39.8%38.6%28.4%54.4%81.4%-48.3%-0.3%-10.7%178%-
BVPS (₹) 35.737.338.141.162.270.769.874.174.480.186.9
Adj Net
Profit
48.129.440.752.393.317188.687.177.7217206
Cash Flow from Ops. -35151.167.981.713212918254.6139223-
Debt/CF from Ops. -0.42.21.20.8000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19.8%9.6%9%65.5%
Adj EPS 16.1%18.3%35.3%178%
BVPS9.4%5.2%4.7%7.6%
Share Price 1.8% -13.6% -7% -34.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
6.43.54.75.77.19.54.64.43.910.39.2
Op. Profit
Mgn %
36.736.434.53541.745.34316.538.646.643.3
Net Profit
Mgn %
41.115.116.918.824.836.119.343.221.636.533.6
Debt to
Equity
0.20.10.10.1000000-
Working Cap
Days
1,549695610529400296217447225119235
Cash Conv.
Cycle
1772-1-4-6-12-18-10-17200

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.20%

Net Profit is growing at healthy rate in last 3 years 35.25%

Sales growth has been subdued in last 3 years 9.03%

Sales growth is not so good in last 4 quarters at 0.79%

Latest Financials - Delta Corp Ltd.

Standalone Consolidated
TTM EPS (₹) 7.7 8.3
TTM Sales (₹ Cr.) 613 1,002
BVPS (₹.) 86.9 89
Reserves (₹ Cr.) 2,299 2,356
P/BV 1.43 1.40
PE 16.18 14.93
From the Market
52 Week Low / High (₹) 110.00 / 259.95
All Time Low / High (₹) 14.80 / 401.30
Market Cap (₹ Cr.) 3,330
Equity (₹ Cr.) 26.8
Face Value (₹) 1
Industry PE 12.1

Management X-Ray of Delta Corp:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.490.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Delta Corp

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales117194240278376475458202359594
Operating Expenses 74124158181219261262169221318
Manufacturing Costs9201719243331192741
Material Costs5101515212628142438
Employee Cost 20293639637771516683
Other Costs 40659010811212513185104157
Operating Profit 4370829715621519633138276
Operating Profit Margin (%) 36.7%36.2%34.3%34.9%41.6%45.2%42.9%16.2%38.5%46.5%
Other Income 50755246634271932
Interest 13161514556359
Depreciation 5121112151619163131
Exceptional Items 14-50-10-5656-14-4
Profit Before Tax 7553567616026014997108266
Tax 13211924567750103150
Profit After Tax 623237531051831008777216
PAT Margin (%) 53.1%16.4%15.5%18.9%27.8%38.6%21.7%43.0%21.4%36.3%
Adjusted EPS (₹)2.71.41.62.33.96.83.73.32.98.1
Dividend Payout Ratio (%)9%7%12%15%26%18%41%31%43%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 8128618799521,6651,9161,8911,9781,9892,143
Share Capital 23232323272727272727
Reserves 7898388569291,6391,8891,8641,9511,9622,116
Minority Interest0000000000
Debt123834944200000
Long Term Debt88724824100000
Short Term Debt3511120100000
Trade Payables55669813111021
Others Liabilities 1061276772257185108106157170
Total Liabilities 1,0471,0761,0011,0731,9332,1102,0122,0952,1562,334

Fixed Assets

Gross Block229234244247391400420421913940
Accumulated Depreciation8194141567185100231258
Net Fixed Assets221215203206335328335321682682
CWIP 11002654520
Investments 4784274044209861,3501,3491,4081,2371,322
Inventories12111212131213131314
Trade Receivables4334871324
Cash Equivalents 29111421632855222838
Others Assets302407365411527379253324188254
Total Assets 1,0471,0761,0011,0731,9332,1102,0122,0952,1562,334

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -35151688213212918255139223
PBT 7553567616026014997108266
Adjustment -231826233-3553-57296
Changes in Working Capital -392-2-0-314-21352139-43
Tax Paid -10-18-13-14-46-75-55-7-37-6
Cash Flow From Investing Activity 440-27-15-54-578-116-82-47-108-171
Capex -2-8-7-16-143-20-34-4-9-40
Net Investments 721830-256-4-545-6447
Others 369-37-11-38-180-926-48-35-178
Cash Flow From Financing Activity -70-42-50-21488-48-74-43-28-39
Net Proceeds from Shares 2140955500042
Net Proceeds from Borrowing 9-11-22-32-23-2-4000
Interest Paid -12-15-15-13-4-100-2-1
Dividend Paid -6-6-2-5-9-43-690-27-33
Others -63-24-1118-31-20-43-3-6
Net Cash Flow 19-173642-3527-35313
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.223.814.265.757.9910.245.234.483.8810.45
ROCE (%)10.627.177.369.0712.2414.688.055.065.613.08
Asset Turnover Ratio0.130.180.230.270.30.290.270.120.210.33
PAT to CFO Conversion(x)-5.661.591.841.551.260.71.820.631.811.03
Working Capital Days
Receivable Days15755542322
Inventory Days19221715108820117
Payable Days184182133145133126143311162152

Delta Corp Ltd Stock News

Delta Corp Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Delta Corp on 12-Apr-2024 16:59 is ₹124.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Delta Corp stood at ₹3,329.7.
The latest P/E ratio of Delta Corp as of 12-Apr-2024 16:59 is 16.18.
The latest P/B ratio of Delta Corp as of 12-Apr-2024 16:59 is 1.43.
The 52-week high of Delta Corp is ₹259.9 and the 52-week low is ₹110.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Delta Corp is ₹612.6 ( Cr.) .

About Delta Corp Ltd

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.

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