Delta Corp. Ltd. (India) (DELTACORP) AI Stock Analysis

• Market Cap: ₹22.29B
• Dividend Yield: 1.5%
• Average Volume (3M): 551.71K
• Price to Earnings (P/E): 8.7
• Beta (1Y): 1.08
• Revenue Growth: -14.69%
• EPS Growth: 29.65%
• Country: IN
• Employees: 2,484
• Sector: Consumer Cyclical
• Sector Strength: 81
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 1.10
• Shares Outstanding: 267,771,100
• 10 Day Avg. Volume: 601,968
• 30 Day Avg. Volume: 551,710
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹91.00
• Price Target Upside: 8.11% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ₹91.00 ▲(8.11% Upside)

Delta Corp.'s strong balance sheet and low valuation are positive factors, but these are offset by challenges in revenue growth and cash flow management. The technical analysis indicates a bearish trend, which further weighs on the stock's attractiveness.

Positive Factors

Strong Balance Sheet

Delta Corp.'s strong balance sheet with low leverage ensures financial stability, providing a solid foundation for future growth and resilience against economic fluctuations.

High Gross Profit Margin

A high gross profit margin indicates effective cost management and operational efficiency, which can support profitability even amidst revenue fluctuations.

Strong Equity Utilization

Effective equity utilization reflects management's ability to generate returns on investments, supporting long-term shareholder value creation.

Negative Factors

Declining Revenue

Declining revenue suggests challenges in market demand or competitive pressures, potentially impacting long-term growth and market position.

Negative Free Cash Flow

Negative free cash flow limits the company's ability to reinvest in growth opportunities and may strain liquidity, posing risks to financial health.

Decreased Net Profit Margin

A decrease in net profit margin indicates rising operational costs, which could pressure profitability and require strategic cost management.

Delta Corp. Ltd. (India) Business Overview & Revenue Model

Company Description

Delta Corp Ltd. (India) is a prominent player in the gaming and hospitality sectors, with a focus on casino operations, online gaming, and hospitality services. The company operates several casinos across India, particularly in Goa and Sikkim, and offers a range of gaming options including traditional table games and electronic gaming machines. Delta Corp is also involved in the online gaming sector through its subsidiaries, providing platforms for online poker and rummy.

How the Company Makes Money

Delta Corp Ltd. generates revenue primarily through its casino operations, which include entry fees, gaming revenue from table games, and slot machines. Additionally, the company earns income from its online gaming platforms, which charge players a rake fee or commission on games played. Hospitality services, including hotels and food and beverage services, also contribute to its earnings. Partnerships with other gaming companies and licenses for online gaming platforms further enhance its revenue streams. Factors such as tourism, regulatory changes, and consumer spending patterns significantly impact the company's financial performance.

Delta Corp. Ltd. (India) Financial Statement Overview

Summary

Delta Corp. has a strong balance sheet with low leverage and a high equity ratio, ensuring financial stability. However, income statement performance is mixed, with strong profit margins but declining revenues. Cash flow management remains a concern, with negative free cash flow impacting liquidity.

Income Statement

Delta Corp. shows fluctuating revenue with a significant decrease in the latest year, indicating instability in revenue generation. Gross profit margin remains strong at 91.1% for 2025, driven by efficient cost management. However, net profit margin decreased slightly to 34.1%, suggesting challenges in controlling operational costs. The EBIT and EBITDA margins for 2025 are solid at 18.8% and 62.7%, respectively, indicating efficient operations despite revenue fluctuations.

Balance Sheet

The company maintains a robust equity position, with an equity ratio of 89.9% for 2025, reflecting financial stability. The debt-to-equity ratio is low at 0.013, indicating conservative leverage. Return on equity is strong at 9.3%, showcasing effective use of equity to generate profits. Overall, Delta Corp. demonstrates excellent financial stability with low debt levels and solid equity.

Cash Flow

Delta Corp. struggles with consistent free cash flow generation, recording negative free cash flow growth in 2025. The operating cash flow to net income ratio is 0.2, indicating limited cash conversion from profits. Additionally, the free cash flow to net income ratio is negative, highlighting the need for improved cash management. Cash flow challenges present potential risks to liquidity and growth initiatives.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.45B	7.30B	9.25B	10.21B	6.16B	4.19B
Gross Profit	5.93B	6.65B	5.43B	9.56B	5.79B	3.97B
EBITDA	4.13B	4.62B	4.00B	3.97B	1.60B	395.20M
Net Income	2.49B	2.49B	2.44B	2.61B	669.90M	-241.00M
Balance Sheet
Total Assets	29.62B	29.62B	28.66B	25.47B	22.93B	21.63B
Cash, Cash Equivalents and Short-Term Investments	4.68B	4.68B	6.63B	6.96B	7.00B	5.72B
Total Debt	345.30M	345.30M	515.10M	675.10M	453.30M	352.80M
Total Liabilities	2.98B	2.98B	3.48B	3.26B	2.70B	2.19B
Stockholders Equity	26.65B	26.65B	25.18B	22.19B	20.22B	19.42B
Cash Flow
Free Cash Flow	0.00	-1.64B	-405.90M	345.50M	512.00M	425.10M
Operating Cash Flow	0.00	493.60M	1.70B	1.54B	1.27B	565.60M
Investing Cash Flow	0.00	10.10M	-1.11B	-730.00M	-363.20M	-104.80M
Financing Cash Flow	0.00	-606.80M	-540.00M	-520.80M	-444.30M	-802.60M

Delta Corp. Ltd. (India) Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 84.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 84.17 is below the 20-day moving average (MA) of 86.80, below the 50-day MA of 86.73, and below the 200-day MA of 94.24, indicating a bearish trend. The MACD of -0.40 indicates Positive momentum. The RSI at 45.03 is Neutral, neither overbought nor oversold. The STOCH value of 5.71 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHARDAMOTR	73 Outperform	₹61.07B	18.07		2.48%	2.35%	8.08%
WONDERLA	69 Neutral	₹40.91B	40.15		0.31%	-3.69%	-33.62%
DELTACORP	64 Neutral	₹22.29B	8.68		1.50%	-14.69%	29.65%
Sector *	61 Neutral	$17.83B	12.89	-1.60%	3.03%	1.39%	-14.45%
IGARASHI	57 Neutral	₹15.79B	85.29		0.50%	5.42%	13.55%
RAJESHEXPO	―	₹59.16B	62.27		―	―	―
RPSGVENT	51 Neutral	₹29.01B	―		―	23.16%	40.07%

Delta Corp. Ltd. (India) Corporate Events

Delta Corp Initiates Postal Ballot for Director Re-appointment

Delta Corp Limited has announced a postal ballot to seek approval from its members for the re-appointment of Mr. Chetan Desai as an Independent Director for a second term of five years, starting from August 17, 2025. This decision, which includes the continuation of his appointment beyond the age of 75, is part of the company’s strategic governance efforts and requires a special resolution through remote e-voting.