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Delta Corp. Ltd. (India)
(DELTACORP)
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Rating:56Neutral
Price Target:
₹71.00
▲(0.67% Upside)
Action:Reiterated
Date:05/30/26
The score is driven primarily by financial performance concerns—recent revenue decline, a sharp FY2026 profit drop, and sustained negative free cash flow—partly offset by a conservatively financed balance sheet. Technical signals are mixed with positive momentum but short-term weakness, while valuation looks only moderately attractive given a P/E of 25.455 and a modest 1.543% yield.
Positive Factors
Conservative Balance Sheet
Low leverage and a conservatively financed balance sheet provide durable financial flexibility. Over 2–6 months this reduces refinancing and covenant risk, preserves capacity for maintenance capex or strategic investments in casinos/ships, and cushions earnings volatility inherent in gaming cycles.
Negative Factors
Revenue Decline Trend
A multi-year decline in revenue is a durable red flag: it suggests structural demand weakness, competitive share loss, or pricing pressure. Persisting top-line contraction reduces operating leverage and limits the company’s ability to restore margins and fund strategic initiatives without external support.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and a conservatively financed balance sheet provide durable financial flexibility. Over 2–6 months this reduces refinancing and covenant risk, preserves capacity for maintenance capex or strategic investments in casinos/ships, and cushions earnings volatility inherent in gaming cycles.
Read all positive factors
Delta Corp. Ltd. (India) (DELTACORP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹18.16B
Dividend Yield1.75%
Average Volume (3M)152.46K
Price to Earnings (P/E)21.3
Beta (1Y)1.02
Revenue Growth-7.62%
EPS Growth-65.79%
CountryIN
Employees2,574
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)10.10
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. Ltd. (India) engages in the business of gaming and entertainment. The firm owns and manages casinos in India. It operates through the following segments: Casino Gaming and Hospitality. The company was founded in 1990 and is headquarter...
How the Company Makes Money
Delta Corp makes money mainly by operating casinos and earning gaming-related revenue from customers. Key revenue streams typically include (1) casino gaming income generated from table games (e.g., live dealer games) and electronic gaming machine...
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
Negative
70.53
Price Trends
69.35
Negative
64.64
Negative
69.30
Negative
Market Momentum
-1.23
Positive
42.13
Neutral
21.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DELTACORP, the sentiment is Negative. The current price of 70.53 is above the 20-day moving average (MA) of 65.31, above the 50-day MA of 69.35, and above the 200-day MA of 69.30, indicating a bearish trend. The MACD of -1.23 indicates Positive momentum. The RSI at 42.13 is Neutral, neither overbought nor oversold. The STOCH value of 21.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹51.97B | 15.05 | ― | 2.75% | 19.75% | 9.69% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ₹31.34B | 38.37 | ― | 0.38% | 13.13% | -32.15% | |
56 Neutral | ₹18.16B | 21.35 | ― | 1.75% | -7.62% | -65.79% | |
56 Neutral | ₹15.22B | 125.08 | ― | 0.57% | 3.28% | -49.70% | |
55 Neutral | ₹26.95B | 24.06 | ― | ― | 84.05% | 18.64% | |
50 Neutral | ₹27.60B | -20.00 | ― | ― | 17.85% | -181.37% |
* Consumer Cyclical Sector Average
IN:DELTACORP
Delta Corp. Ltd. (India)
67.83
-20.59
-23.29%
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834.20
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905.20
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-22.83%
Delta Corp. Ltd. (India) Corporate Events
Delta Corp Says No Undisclosed Events Behind Surge in Trading Volumes
Jul 2, 2026
Delta Corp Ltd., a gaming and entertainment company listed on the National Stock Exchange of India under the symbol DELTACORP, operates casinos and leisure businesses and is subject to SEBI’s listing and disclosure regulations. As a public c...
Delta Corp to Shut Trading Window Ahead of June-Quarter Results
Jun 26, 2026
Delta Corp Limited has announced that its trading window for dealing in the company’s securities will be closed for all directors and other designated persons covered under its insider trading code starting 1 July 2026. The window will reope...
Delta Corp Subsidiary Completes 74% Acquisitions in Easymile Parking and Shanta Infratech
Apr 30, 2026
Delta Corp’s wholly owned subsidiary Marvel Resorts Private Limited has completed the acquisition of 74% equity stakes in Easymile Parking Solutions Management Private Limited and Shanta Infratech Private Limited as of 30 April 2026. The mo...
Delta Corp Writ for Deltin Hotel Gaming Licence Dismissed by Bombay High Court
Apr 29, 2026
Delta Corp Limited has disclosed that its writ petition before the Bombay High Court seeking a licence under Section 13A of the Goa, Daman and Diu Public Gambling Act, 1976 to install electronic amusement and slot machines at the Deltin Hotel has ...
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.