Delta Corp. Ltd. (India) (IN:DELTACORP)
:DELTACORP
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Delta Corp. Ltd. (India)
(DELTACORP)
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Rating:57Neutral
Price Target:
₹84.00
▲(19.10% Upside)
Action:ReiteratedDate:04/24/26
The score is most constrained by weakening fundamentals and cash-flow quality (multi-year negative free cash flow and a sharp FY2026 profit drop), partially offset by a conservatively financed balance sheet. Technicals are supportive but stretched, and valuation appears expensive relative to the modest dividend yield.
Positive Factors
Balance-sheet strength
A conservatively financed balance sheet with low leverage gives the company durable financial flexibility to absorb near-term revenue shocks, fund operating needs, or pursue selective investments. This reduces default risk and supports long-term strategic choices even amid weaker cash generation.
Negative Factors
Persistent negative free cash flow
Multi‑year negative free cash flow erodes internal funding capacity and heightens reliance on existing cash or external financing. If negative FCF persists, it constrains reinvestment, dividend capacity and strategic flexibility, increasing funding risk and pressure on operating execution over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
A conservatively financed balance sheet with low leverage gives the company durable financial flexibility to absorb near-term revenue shocks, fund operating needs, or pursue selective investments. This reduces default risk and supports long-term strategic choices even amid weaker cash generation.
Read all positive factors
Delta Corp. Ltd. (India) (DELTACORP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹19.04B
Dividend Yield1.75%
Average Volume (3M)152.46K
Price to Earnings (P/E)17.0
Beta (1Y)0.89
Revenue Growth-7.62%
EPS Growth-65.79%
CountryIN
Employees2,484
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.61
Shares Outstanding267,771,100
10 Day Avg. Volume88,920
30 Day Avg. Volume152,462
Financial Highlights & Ratios
PEG Ratio-0.26
Price to Book (P/B)0.64
Price to Sales (P/S)2.11
P/FCF Ratio-12.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Delta Corp. Ltd. (India) Business Overview & Revenue Model
Company Description
Delta Corp Limited operates in the gaming and entertainment, and hospitality businesses in India and internationally. It operates through three segments: Casino Gaming, Online Skill Gaming, and Hospitality. The Casino Gaming segment operates offsh...
How the Company Makes Money
Delta Corp primarily earns revenue from its casino gaming operations and related onboard/venue services. Key revenue streams typically include: (1) Casino gaming receipts from players participating in table games and electronic gaming, where the c...
Delta Corp. Ltd. (India) Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
84
Very Positive
Cash Flow
37
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.44B | 6.88B | 7.30B | 9.25B | 9.64B | 6.16B |
| Gross Profit | 6.41B | 2.97B | 6.65B | 5.43B | 5.06B | 2.66B |
| EBITDA | 4.12B | 1.31B | 4.62B | 4.00B | 3.97B | 1.60B |
| Net Income | 2.55B | 852.90M | 2.49B | 2.44B | 2.61B | 669.90M |
Balance Sheet | ||||||
| Total Assets | 25.79B | 25.74B | 29.62B | 28.66B | 25.47B | 22.93B |
| Cash, Cash Equivalents and Short-Term Investments | 4.52B | 2.78B | 4.68B | 6.63B | 6.75B | 7.00B |
| Total Debt | 318.50M | 489.80M | 345.30M | 515.10M | 675.10M | 453.30M |
| Total Liabilities | 2.96B | 3.22B | 2.98B | 3.48B | 3.26B | 2.70B |
| Stockholders Equity | 22.83B | 22.52B | 26.65B | 25.18B | 22.19B | 20.22B |
Cash Flow | ||||||
| Free Cash Flow | 366.80M | -1.18B | -1.64B | -405.90M | 345.50M | 512.00M |
| Operating Cash Flow | 1.45B | 1.35B | 493.60M | 1.70B | 1.54B | 1.27B |
| Investing Cash Flow | -1.10B | -954.00M | 10.10M | -1.11B | -730.00M | -363.20M |
| Financing Cash Flow | -450.20M | -541.60M | -606.80M | -540.00M | -520.80M | -444.30M |
Delta Corp. Ltd. (India) Technical Analysis
Neutral
70.53
Price Trends
59.93
Positive
64.36
Negative
73.73
Negative
Market Momentum
0.48
Negative
58.24
Neutral
82.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DELTACORP, the sentiment is Neutral. The current price of 70.53 is above the 20-day moving average (MA) of 55.78, above the 50-day MA of 59.93, and below the 200-day MA of 73.73, indicating a neutral trend. The MACD of 0.48 indicates Negative momentum. The RSI at 58.24 is Neutral, neither overbought nor oversold. The STOCH value of 82.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:DELTACORP.
Delta Corp. Ltd. (India) Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹49.57B | 16.59 | ― | 2.75% | 13.79% | 7.50% | |
64 Neutral | ₹33.35B | 57.49 | ― | 0.38% | 3.95% | -43.38% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ₹28.01B | -5.57 | ― | ― | 20.36% | 34.91% | |
57 Neutral | ₹19.04B | 17.03 | ― | 1.75% | -7.62% | -65.79% | |
54 Neutral | ₹35.43B | 18.97 | ― | ― | 134.99% | 173.71% | |
52 Neutral | ₹12.20B | 98.19 | ― | 0.57% | -2.83% | -48.13% |
* Consumer Cyclical Sector Average
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Delta Corp. Ltd. (India) Corporate Events
Delta Corp calls virtual EGM on 9 April 2026 with e-voting
Mar 17, 2026
Delta Corp Limited has announced that it will hold an Extraordinary General Meeting on 9 April 2026 at 3:00 p.m. IST, to be conducted via video conference and other audio-visual means, with an e-voting facility for shareholders. The company has fu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.