SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Delta Corp Ltd (DELTACORP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532848 NSE: DELTACORP Amusement Parks/Recreation/Club | Small Cap | Delta Corp Share Price

₹67.83 4.01 (6.28%)

As on 02-Jul'26 16:59

Delta Corp Ltd (DELTACORP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532848 NSE: DELTACORP Amusement Parks/Recreation/Club | Small Cap | Delta Corp Share Price

₹67.83 4.01 (6.28%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,816 Cr.
Current Price
₹67.8
52-Week Low / High
₹49 / 99
TTM EPS
₹4.4
TTM Sales
₹500 Cr.
Book Value per Share
₹82.6
P/E Ratio
15.37
Lower than its 5-year historical median
Industry PE
33.6
Price to Book (P/B)
0.82
Lower than its 5-year historical median
Price to Sales (P/S)
3.63
Lower than its 5-year historical median
EV/EBITDA
9.57
Lower than its 5-year historical median
Dividend Yield
1.84%
Profitability Efficiency
Return on Equity (ROE)
7.43%
In line with industry median
Return on Capital Employed (ROCE)
10.89%
Outperforms industry median
Return on Assets (ROA)
6.80%
Operating Profit Margin
35.6%
Net Profit Margin
32.25%
Gross Profit Margin
41.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-9.6%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-27.03%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-26.88%
Asset Quality
Promoter Holding
34.47%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,186 Cr.
Equity
₹26.8 Cr.
Face Value
₹1
All Time Low / High
₹14.80 / 401.30

Delta Corp stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is Delta Corp Ltd a good quality company?
Delta Corp Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Delta Corp Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Delta Corp Ltd vs industry peers?
Delta Corp Ltd revenue CAGR is 4.63%, compared to the industry median CAGR of 6.37%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Delta Corp Ltd?
Promoters hold 34.47% of the Delta Corp Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Delta Corp Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -1.2% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7.4%9.1%12.2%14.7%8.1%5.1%5.6%13.1%14.7%10.9%-
Value Creation
Index
-0.5-0.4-0.10.1-0.4-0.6-0.60.00.1-0.2-

Growth Parameters

Sales 240278376475458202359594636575500
Sales YoY Gr.-15.8%35.2%26.5%-3.6%-56%77.9%65.5%7%-9.6%-
Adj EPS 1.82.33.56.33.33.32.98.27.95.44.4
YoY Gr.-28.4%54.4%81.4%-48.3%-0.3%-10.7%181.4%-3.1%-31.6%-
BVPS (₹) 38.141.162.270.769.874.174.480.191.794.782.6
Adj Net
Profit
40.752.393.317188.687.177.7219213145118
Cash Flow from Ops. 67.981.713212918254.6139223186113-
Debt/CF from Ops. 1.20.800000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.2%4.6%17%-9.6%
Adj EPS 13.3%10.7%23.1%-31.6%
BVPS10.6%6.3%8.4%3.2%
Share Price -3.2% -18.4% -35.4% -24.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
4.75.77.19.54.64.43.910.59.25.85
Op. Profit
Mgn %
34.53541.745.34316.538.646.644.235.626.5
Net Profit
Mgn %
16.918.824.836.119.343.221.636.933.525.323.6
Debt to
Equity
0.10.1000000000
Working Cap
Days
610529400296217447225146172165190
Cash Conv.
Cycle
2-1-4-6-12-18-10-17-21-12145

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales240278376475458202359594636575
Operating Expenses + 158181219261262169221318355370
Manufacturing Costs17192433311927413840
Material Costs15152126281424384343
Employee Cost 363963777151668394101
Other Costs 9010811212513185104157181186
Operating Profit 829715621519633138276280205
Operating Profit Margin (%) 34.3%34.9%41.6%45.2%42.9%16.2%38.5%46.5%44.1%35.6%
Other Income + 552466342719323945
Exceptional Items -50-10-5656-14-45957
Interest 15145563591110
Depreciation 11121516191631313734
Profit Before Tax 567616026014997108266330263
Tax 19245677501031507778
Profit After Tax 37531051831008777216253185
PAT Margin (%) 15.5%18.9%27.8%38.6%21.7%43.0%21.4%36.3%39.9%32.3%
Adjusted EPS (₹)1.62.33.96.83.73.32.98.19.56.9
Dividend Payout Ratio (%)12.40%15.40%25.60%18.50%40.80%30.80%43.40%15.50%13.20%18.10%

Valuation of Delta Corp - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 8799521,6651,9161,8911,9781,9892,1432,4562,535
Share Capital 23232727272727272727
Reserves 8569291,6391,8891,8641,9511,9622,1162,4292,508
Debt +494420000000
Long Term Debt482410000000
Short Term Debt12010000000
Minority Interest0000000000
Trade Payables6698131110242015
Others Liabilities 6772257185108106157167267161
Total Liabilities 1,0011,0731,9332,1102,0122,0952,1562,3342,7422,711

Fixed Assets

Net Fixed Assets +203206335328335321682682703677
Gross Block244247391400420421913940994999
Accumulated Depreciation4141567185100231258292322
CWIP 0026545206678
Investments 4044209861,3501,3491,4081,2371,3221,6061,565
Inventories12121312131313141414
Trade Receivables3487132464
Cash Equivalents 14216328552228384138
Others Assets 365411527379253324188253306335
Total Assets 1,0011,0731,9332,1102,0122,0952,1562,3342,7422,711

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 688213212918255139223186113
PBT 567616026014997108266330263
Adjustment 26233-3553-57296-54-59
Changes in Working Capital -0-314-21352139-43-18-13
Tax Paid -13-14-46-75-55-7-37-6-72-78
Cash Flow From Investing Activity + -15-54-578-116-82-47-108-171-146-68
Capex -7-16-143-20-34-4-9-40-875
Net Investments 3-0-256-4-545-644713164
Others -11-38-180-926-48-35-178-72-237
Cash Flow From Financing Activity + -50-21488-48-74-43-28-39-39-46
Net Proceeds from Shares 095550004230
Net Proceeds from Borrowing -22-32-23-2-400000
Interest Paid -15-13-4-1-0-0-2-1-5-4
Dividend Paid -2-5-9-43-690-27-33-33-33
Others -1118-31-20-43-3-6-3-9
Net Cash Flow 3642-3527-353131-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.265.757.9910.245.234.483.8810.4511.027.43
ROCE (%)7.369.0712.2414.688.055.065.613.0814.710.89
Asset Turnover Ratio0.230.270.30.290.270.120.210.260.250.21
PAT to CFO Conversion(x)1.841.551.260.71.820.631.811.030.740.61
Working Capital Days
Receivable Days4.904.604.604.402.402.602.10233.30
Inventory Days17.3015.4010.107.708.2019.50118.5088.90
Payable Days133.30145.50133.10125.80142.60310.50161.60166.60188.10147.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Delta Corp Ltd FAQs

The current trading price of Delta Corp on 02-Jul-2026 16:59 is ₹67.83.

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 01-Jul-2026 the market cap of Delta Corp stood at ₹1,816.3 Cr

The latest P/E ratio of Delta Corp as of 01-Jul-2026 is 15.37.

The latest P/B ratio of Delta Corp as of 01-Jul-2026 is 0.82.

The 52-week high of Delta Corp is ₹98.86 and the 52-week low is ₹48.67.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Delta Corp is ₹500 ( Cr.) .

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.

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.

To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: