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About
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
₹54.16 -0.18 (-0.33%)
As on 11-Sep'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
₹54.16 -0.18 (-0.33%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,450 Cr.
Current Price
₹54.2
52-Week Low / High
₹49 / 87
TTM EPS
₹-5.9
TTM Sales
₹673 Cr.
Book Value per Share
₹76
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
47.1
Price to Book (P/B)
0.71
Lower than its 5-year historical median
Price to Sales (P/S)
2.16
Lower than its 5-year historical median
EV/EBITDA
8.54
Lower than its 5-year historical median
Dividend Yield
0.92%
Profitability Efficiency
Return on Equity (ROE)
3.48%
Underperforms industry median
Return on Capital Employed (ROCE)
5.10%
Underperforms industry median
Return on Assets (ROA)
3.13%
Operating Profit Margin
19.8%
Net Profit Margin
12.39%
Gross Profit Margin
24%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-12.99%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-30.15%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-73.13%
Asset Quality
Promoter Holding
34.47%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,008 Cr.
Equity
₹26.8 Cr.
Face Value
₹1
All Time Low / High
₹14.80 / 401.30
Check Before You Invest
Quality
Somewhat GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Weak
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?
Revenue growth of Delta Corp Ltd vs industry peers?
Delta Corp Ltd revenue CAGR is 10.45%, compared to the industry median CAGR of 5.23%, indicating faster growth and gaining its market share.
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.
Stock return of Delta Corp Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -10.2% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.1% | 12.2% | 14.7% | 8.1% | 5.1% | 5.6% | 13.1% | 14.7% | 10.9% | 6.6% | - |
| Value Creation Index ⓘ | -0.4 | -0.1 | 0.1 | -0.4 | -0.6 | -0.6 | 0.0 | 0.1 | -0.2 | -0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 278 | 376 | 475 | 458 | 202 | 359 | 594 | 636 | 575 | 500 | 503 |
| Sales YoY Gr. | - | 35.2% | 26.5% | -3.6% | -56% | 77.9% | 65.5% | 7% | -9.6% | -13% | - |
| Adj EPS ⓘ | 2.3 | 3.5 | 6.3 | 3.3 | 3.3 | 2.9 | 8.2 | 7.9 | 5.4 | 4.5 | -0.6 |
| YoY Gr. | - | 54.4% | 81.4% | -48.3% | -0.3% | -10.7% | 181.4% | -3.1% | -31.6% | -17.1% | - |
| BVPS (₹) ⓘ | 41.1 | 62.2 | 70.7 | 69.8 | 74.1 | 74.4 | 80.1 | 91.7 | 94.7 | 82.4 | 78.4 |
| Adj Net Profit ⓘ | 52.3 | 93.3 | 171 | 88.6 | 87.1 | 77.7 | 219 | 213 | 145 | 121 | -17 |
| Cash Flow from Ops. ⓘ | 81.7 | 132 | 129 | 182 | 54.6 | 139 | 223 | 186 | 113 | 116 | - |
| Debt/CF from Ops. ⓘ | 0.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.7% | 19.9% | -5.6% | -13% | ||||
| Adj EPS ⓘ | 8% | 6.7% | -18.1% | -17.1% | ||||
| BVPSⓘ | 8% | 2.1% | 1% | -12.9% | ||||
| Share Price | -10.1% | -26% | -33.1% | -34.6% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.7 | 7.1 | 9.5 | 4.6 | 4.4 | 3.9 | 10.5 | 9.2 | 5.8 | 5.1 | -0.8 |
| Op. Profit Mgn % ⓘ | 35 | 41.7 | 45.3 | 43 | 16.5 | 38.6 | 46.6 | 44.2 | 35.6 | 27.2 | 26.9 |
| Net Profit Mgn % ⓘ | 18.8 | 24.8 | 36.1 | 19.3 | 43.2 | 21.6 | 36.9 | 33.5 | 25.3 | 24.1 | -3.4 |
| Debt to Equity ⓘ | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 529 | 400 | 296 | 217 | 447 | 225 | 146 | 172 | 165 | 231 | 190 |
| Cash Conv. Cycle ⓘ | -1 | -4 | -6 | -12 | -18 | -10 | -17 | -21 | -12 | -10 | 145 |
Valuation of Delta Corp - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 455 | 608 | 798 | 773 | 419 | 616 | 964 | 848 | 730 | 688 |
| Operating Expenses ⓘ + | 291 | 361 | 468 | 487 | 397 | 477 | 599 | 535 | 535 | 553 |
| Operating Profit ⓘ | 164 | 247 | 330 | 287 | 22 | 139 | 365 | 314 | 195 | 136 |
| Operating Profit Margin (%) | 36.1% | 40.7% | 41.3% | 37.1% | 5.2% | 22.6% | 37.9% | 37.0% | 26.7% | 19.7% |
| Other Income ⓘ + | 5 | 29 | 31 | 33 | 35 | 38 | 46 | 54 | 57 | 41 |
| Interest ⓘ | 35 | 10 | 13 | 16 | 14 | 16 | 24 | 18 | 13 | 11 |
| Depreciation ⓘ | 36 | 37 | 38 | 49 | 53 | 56 | 59 | 56 | 50 | 47 |
| Profit Before Tax ⓘ | 99 | 228 | 315 | 256 | -18 | 98 | 329 | 350 | 401 | 114 |
| Tax ⓘ | 28 | 74 | 114 | 71 | 8 | 30 | 67 | 83 | 84 | 29 |
| Profit After Tax | 71 | 155 | 201 | 185 | -26 | 68 | 262 | 267 | 317 | 85 |
| PAT Margin (%) | 15.6% | 25.5% | 25.2% | 23.9% | -6.1% | 11.0% | 27.2% | 31.5% | 43.5% | 12.4% |
| Adjusted EPS (₹) | 3.2 | 5.8 | 7.3 | 6.9 | -0.9 | 2.5 | 9.8 | 9.1 | 9.3 | 3.2 |
| Dividend Payout Ratio (%) | 11% | 17.20% | 17.20% | 21.90% | -110.70% | 49.90% | 12.80% | 13.70% | 13.40% | 15.70% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 918 | 1,677 | 1,923 | 1,928 | 1,902 | 1,980 | 2,178 | 2,484 | 2,653 | 2,246 | |
| Debt + | 61 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Minority Interest | 16 | 14 | 8 | 3 | 1 | 1 | 2 | 0 | 0 | 0 | |
| Trade Payables | 13 | 15 | 12 | 19 | 19 | 15 | 29 | 35 | 23 | 23 | |
| Others Liabilities ⓘ | 254 | 333 | 315 | 294 | 221 | 305 | 340 | 407 | 247 | 253 | |
| Total Liabilities ⓘ | 1,262 | 2,040 | 2,258 | 2,244 | 2,143 | 2,301 | 2,550 | 2,926 | 2,923 | 2,522 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 852 | 1,224 | 1,229 | 1,286 | 1,242 | 1,197 | 1,211 | 1,291 | 981 | 988 | |
| CWIP ⓘ | 1 | 4 | 13 | 7 | 6 | 7 | 22 | 179 | 279 | 468 | |
| Investments ⓘ | 98 | 422 | 445 | 505 | 560 | 638 | 560 | 665 | 667 | 282 | |
| Inventories | 70 | 70 | 96 | 107 | 116 | 145 | 193 | 19 | 19 | 19 | |
| Trade Receivables | 4 | 8 | 7 | 0 | 4 | 3 | 5 | 10 | 5 | 4 | |
| Cash Equivalents | 31 | 123 | 74 | 96 | 64 | 103 | 129 | 131 | 91 | 77 | |
| Others Assets ⓘ | 206 | 188 | 394 | 243 | 153 | 208 | 430 | 631 | 881 | 684 | |
| Total Assets ⓘ | 1,262 | 2,040 | 2,258 | 2,244 | 2,143 | 2,301 | 2,550 | 2,926 | 2,923 | 2,522 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 131 | 229 | 101 | 319 | 57 | 127 | 154 | 170 | 49 | 135 |
| Cash Flow From Investing Activity ⓘ + | -65 | -460 | -78 | -215 | -10 | -36 | -73 | -111 | 1 | -95 |
| Cash Flow From Financing Activity ⓘ + | -59 | 301 | -73 | -83 | -80 | -44 | -52 | -54 | -61 | -54 |
| Net Cash Flow ⓘ | 7 | 69 | -50 | 21 | -34 | 46 | 29 | 6 | -10 | -15 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.11 | 11.93 | 11.15 | 9.59 | -1.33 | 3.49 | 12.62 | 11.46 | 12.36 | 3.48 |
| ROCE (%) | 12.07 | 16.9 | 18.06 | 13.98 | -0.19 | 5.71 | 16.68 | 15.53 | 16 | 5.1 |
| Asset Turnover Ratio | 0.37 | 0.44 | 0.46 | 0.42 | 0.23 | 0.34 | 0.4 | 0.31 | 0.25 | 0.25 |
| PAT to CFO Conversion(x) | 1.85 | 1.48 | 0.5 | 1.72 | N/A | 1.87 | 0.59 | 0.64 | 0.15 | 1.59 |
| Working Capital Days | ||||||||||
| Receivable Days | 7.40 | 3.20 | 2.80 | 1.40 | 1.50 | 1.60 | 1.60 | 3.30 | 3.90 | 2.50 |
| Inventory Days | 56.30 | 35.50 | 30.90 | 39.10 | 79.90 | 63.50 | 64.10 | 45.60 | 9.40 | 10.10 |
| Payable Days | 192.60 | 166.20 | 141.80 | 145.40 | 354.40 | 185.10 | 138 | 195.10 | 184.40 | 166.90 |
Top 5 Mutual Funds Holding
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Announcements
Delta Corp Ltd FAQs
The current trading price of Delta Corp on 11-Sep-2026 16:59 is ₹54.16.
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 10-Sep-2026 the market cap of Delta Corp stood at ₹1,450.3 Cr
The latest P/E ratio of Delta Corp as of 10-Sep-2026 is 0.00.
The latest P/B ratio of Delta Corp as of 10-Sep-2026 is 0.69.
The 52-week high of Delta Corp is ₹86.50 and the 52-week low is ₹48.67.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Delta Corp is ₹503 ( 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 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.
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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