Delta Corp
DELTACORP
Delta Corp Market Sentiment
| Timeline | Returns | Volume |
|---|---|---|
| Daily | 1.98% | 17,94,350 |
| Weekly | -1.51% | 72,92,204 |
| Monthly | 0.72% | 8,65,65,864 |
Delta Corp Performance
| Timeline | Daily | Weekly | Monthly |
|---|---|---|---|
| DELTACORP | 1.98% | -1.51% | 0.72% |
| Index | - | - | - |
| Peer Avg. | 0.55% | 5.04% | 8.47% |
Delta Corp Fundamentals
| Timeline | PE | PB | EV/EBIDTA | ROE | ROCE | Div. Yield |
|---|---|---|---|---|---|---|
| DELTACORP | 122.98 | 4.35 | 13.78 | 3.66 | 5.61 | 0.59 |
| Index | 35.44 | 5.98 | 16.81 | 16.99 | 18.41 | 1.19 |
| Peer Avg. | 101.21 | 6.27 | 22.63 | 9.32 | 10.21 | 0.25 |
Delta Corp Key Metrics
| Metrics | Sales Growth | Profit Growth | ROE | ROCE |
|---|---|---|---|---|
| FY '21-22 | 62.51% | 175.30% | 3.66% | 5.61% |
| FY '20-21 | -50.91% | -63.49% | 1.56% | 2.42% |
| FY '19-20 | -3.41% | -25.81% | 7.41% | 11.02% |
Delta Corp Shareholding Pattern
Delta Corp Profit & Loss
| Metrics | Sales | Expenditure | EBITDA | PAT |
|---|---|---|---|---|
| FY '21-22 | 487.60 | 354.61 | 160.75 | 72.77 |
| FY '20-21 | 310.34 | 283.04 | 58.38 | 30.33 |
| FY '19-20 | 615.88 | 374.25 | 275.31 | 142.17 |
Delta Corp Share Price
Fundamental analysis of Delta Corp Ltd.
Even before its independence, India had a rich history in the entertainment sector. In June 1923, the Radio Club of Bombay made the country's first radio broadcast; since then, the entertainment industry has branched out and evolved continuously.
Similarly, the gaming industry was introduced in the 1990s, and today, it is one of the most dynamic sectors. Various companies like Delta Corp Ltd. are riding the waves of this boom to exploit these opportunities.
So, is there still a long way to go for Delta Corp Ltd.? Check out this article to find out everything you need to know about Delta Corp Ltd. Apart from the fundamental analysis, also take a look at the Delta Corp share price today!
Delta Corp Ltd.
Delta Corp Ltd. was incorporated in 1990, and today, it is the leading listed casino and gaming company in the country. Being the largest organised player in the industry, this company has a presence in all gaming formats ranging from live electronic to online.
However, did you know this company started with a different name? On 05th November 1990, this company was established under the name Creole Holdings Company Pvt Ltd. Under this name, this company entered into the textiles and real estate consultancy business. Since then, it has diversified into different segments.
Today, this company also operates in the hospitality industry with its different subsidiaries. This company operates Deltin Royale, Casino Deltin Denzong, Adda52.com, Adda52rummy.com, and Deltin JAQK & Kings Casino.
Delta Corp Ltd. operates in three locations in India: Goa, Sikkim, and Daman. It also has its branches set up in Nepal. Today, this company has over 2000+ employees and 2,50,000+ shareholders with net sales of Rs. 900+ crores.
Should you invest in the gaming and entertainment industry?
When considering the Indian subcontinent, the gaming industry is relatively new and unexplored. However, a surge in demand for mobile games and other entertainment services has led to a gaming industry boom.
India’s media and entertainment industry is expected to grow at a CAGR of 10-12% and reach Rs. 3.08 trillion by 2026! Additionally, according to reports, Indians spent 13 billion+ hours just on online sports. According to reports, there was an approximately 170% rise in the number of new gamers in the country's top thirty tier III cities during this phase.
The gaming sector has recorded the highest growth in recent years, with India contributing 20% of mobile game downloads. There is a lot of untapped potential in the country, which can prove to be quite lucrative for investors in the upcoming years.
Who Are Delta Corp’s competitors in the gaming and technology sector?
Below is a list of a few of the competitors of Delta Corp Ltd.:
- Inox India Ltd.
- Quess Corp Ltd.
- Info Edge (India) Ltd.
- Vaarad Ventures Ltd.
- Indiabulls Enterprises Ltd.
- Awfis Space Solutions Ltd.
History of Delta Corp Ltd.
Let us now take a quick look at the history of Delta Corp Ltd. before moving into the finances section.
- Incorporation: Delta Corp Ltd. came into existence on 05th November 1990 as a textiles and real estate consultancy company. However, when it was established, it was named Creole Holding Co Ltd., which later changed to Arrow Webtex Ltd. and finally to Delta Corp Ltd.
- Products and services range: Delta Corp Ltd. offers an extensive range of services and products in the fields of casino gaming, online gaming, real estate, and hospitality.
- Infrastructure: Delta Corp Ltd. has a vast infrastructure to ensure its customers experience premium luxury. Deltin Royale, Deltin JAQK, and feeder boats are some of their on-water infrastructure designed to provide the utmost comfort. Additionally, the company is also planning to invest Rs 1,100 crores over the next two years into developing its offline businesses.
- Certifications: Delta Corp Ltd. has obtained numerous certifications, such as ISO 9001:2015 for its quality management system, ISO 45001:2018 for its occupational health and safety management systems, NATA accredited testing laboratory, and ISO 14001:2015 for its environmental management systems.
- Awards and recognitions: Delta Corp Ltd. has won various awards for its exemplary services over the years. These include “Times Hospitality: India’s Most Iconic Luxury Gaming & Entertainment Destination 2021” to Deltin Royale, “Yatra Customer Choice Award: Best Leisure Hotel 2021” to The Deltin, and “Times Hospitality: India’s Most Iconic Gaming Experience 2021” to Deltin JAQK.
Company profile of Delta Corp Ltd.
Pros
- Debt-free. Delta Corp Ltd. is virtually debt-free, which means that it has the flexibility to make new investments and ensure smooth operations flow due to fewer financial obligations.
- Improving book value per share. This company’s book value per share has been improving over the past two years, which means that the stock’s valuation is also increasing, and therefore, the stock price may also rise. In fact, the Delta Corp share price target for December 2024 is Rs. 297.04.
- Good profit growth. Delta Corp Ltd. has recorded an excellent profit growth of 29.44% over the past three years with an increasing profit margin (QoQ).
- Health interest coverage ratio. This company has an interest coverage ratio of 32.21, which is an indicator of strong financial health and implies that the company is more adept at meeting any interest obligations!
Cons
- Poor revenue growth. Despite increasing profit margins, Delta Corp Ltd. has been experiencing only 9.03% revenue growth over the past three years.
- Declining net cash flow. The declining net cash flow is an indicator that the company is not able to generate net cash.
- Poor ROE. Delta Corp Ltd. has only provided a 6.27% return on equity over the past three years, which is low compared to other companies in different sectors.
The finances
The table below summarises some of the critical financial data of Delta Corp Ltd., such as the Delta Corp share price as of June 2024.
|
Metric |
Value |
|---|---|
|
Rs. 3,500+ Cr. |
|
|
Market price |
Rs. 130 around |
|
Book value |
Rs. 92.33 (Per share) |
|
0.93% |
|
|
13.08% |
|
|
10.45% |
|
|
Rs. 1 |
Shareholding pattern of Delta Corp Ltd.
The shareholding pattern of this company has been listed below, taken as of June 2024:
- Promoters: Hold 33.26%
- Foreign Institutional Investors (FII): 1.91%
- Domestic Institutional Investors (DII): 8.93%
- Public: 55.9%
Peer multiple comparison
To better understand Delta Corp Ltd’s performance in the market, let us compare its key metrics with those of its peers. The table below presents this data taken as of June 2024.
|
Metric |
Delta Corp Ltd. |
Awfis Space Solutions Ltd. |
Indiabulls Enterprises Ltd. |
Vaarad Ventures Ltd. |
|---|---|---|---|---|
|
12.89 |
0 |
0 |
0 |
|
|
P/B ratio |
1.32 |
6.38 |
0.46 |
11.93 |
|
Dividend yield (% of share price) |
1.03% |
0.00% |
0.00% |
0.00% |