Delta Corp (DELTACORP) is loss-making over the last 12 months, losing ₹288 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹75.14, 15% below its 52-week high. Sales fell 11% a year over 3 years. It has almost no debt, and its dividend yield is 0.7%. It is a small-cap company with a market cap of ₹2,012 Cr, ranked 3rd of 7 Resorts & Casinos companies by market cap; the shares fell 0.3% over the past year.
- ₹76.50
- ₹76.50
- ₹74.20
- ₹76.60
- 10.3 L
Health check
- ReturnsAhead
−0.3% over a year, better than 6 of 6 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Sales −10.6%, profit −31.1% a year over 3 years.
- ProfitabilityWeak
ROCE 5.1% vs peer median 7.6%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flags3 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹2,012 Cr
- Small cap
- P/E
- n/a
- Industry 16.9
- Price to book
- 1.05
- Peers 2.78
- Dividend yield
- 0.67%
- ROE
- −13.7%
- Peers 7.6%
- ROCE
- 5.1%
- Peers 7.6%
- Debt to equity
- 0.04
- Debt ₹83 Cr
- EPS (TTM)
- −₹10.77
- Face value ₹1
- OPM (TTM)
- 17.1%
- Net margin −44.4%
- Sales growth
- −12.8%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 3.10
- EV/EBITDA 18.5
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −13.7%.
- Quarterly sales down 12.8% on a year ago.
About Delta Corp
Delta Corp Limited, together with its subsidiaries, operates in the gaming and entertainment, and hospitality businesses in India and internationally. It operates through Casino Gaming, Hospitality, and Real Estate segments. The Casino Gaming segment operates offshore casinos, including Deltin Royale, Deltin JAQK, and King Casino in Goa; land-based casinos, such as Deltin Suites Casino and Deltin Zuri in Goa, and Deltin Denzong in Sikkim. The Hospitality…
- Headquarters
- Mumbai
- Employees
- 2,016
- Sector
- Consumer Cyclical
- ISIN
- INE124G01033
- Website
- deltacorp.in
Price range
- Avg volume (3M)
- 85.6 L
- 1-year return
- minus 0.3%
- From 52-week high
- minus 15.2%
Peers · Resorts & Casinos
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ITCHOTELSITC Hotels | 174.41 | minus 1.20% | 36,333 | 38.9 | 3.08 | 9.2% | 8.2% | 35.2% | – | – | 0.57% | minus 17.9% |
| MHRILMahindra Holidays & Resorts India | 197.86 | plus 0.85% | 3,990 | 72.5 | 5.04 | 3.6% | 7.0% | 19.9% | 5.9% | −15.5% | 0.00% | minus 40.7% |
| DELTACORPDelta Corp | 75.14 | minus 1.91% | 2,012 | – | 1.05 | 5.1% | −13.7% | 17.1% | −10.6% | −31.1% | 0.67% | minus 0.3% |
| SSPRLSilverstorm Parks and Resorts | 122.65 | plus 8.20% | 278 | 14.6 | 1.52 | 14.7% | 15.6% | 67.7% | 36.9% | 154.4% | 0.00% | minus 3.4% |
| ESPIREEspire Hospitality | 115.95 | minus 3.62% | 173 | 16.9 | 3.37 | 11.6% | 17.2% | 17.5% | 93.7% | 206.3% | 0.00% | minus 71.4% |
| BHARATAGRIBharat Agri Fert and Realty | 20.60 | plus 2.03% | 109 | – | 2.48 | 1.6% | −10.6% | 26.3% | −1.3% | – | 0.00% | minus 35.2% |
| VALINDIAValencia India | 17.01 | minus 2.13% | 22 | 9.2 | 0.38 | 6.0% | 4.5% | 39.2% | 19.5% | 57.9% | 0.00% | minus 21.0% |
| Median of 6 peers | – | −0.18% | 226 | 16.9 | 2.78 | 7.6% | 7.6% | 30.7% | 19.5% | 106.1% | 0.00% | −28.1% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 184 | 160 | 161 | 169 | 159 | |
| 145 | 136 | 134 | 138 | 131 | |
| 39.1 | 24.1 | 27.7 | 30.7 | 28.7 | |
| 21.2% | 15.0% | 17.2% | 18.2% | 18.0% | |
| 12.1 | 5.7 | 15.2 | 8.8 | 4.1 | |
| 1 | 1 | 2.9 | 2.3 | 1.7 | |
| 12.2 | 10.1 | 12.8 | 10.2 | 10.2 | |
| – | – | −5.5 | −307 | −137 | |
| 38 | 18.7 | 21.7 | −280 | −116 | |
| 22.4% | 23.6% | 24.2% | 24.0% | 8.0% | |
| 29.5 | 14.3 | 16.5 | −212 | −106 | |
| 1.10 | 0.53 | 0.61 | -7.93 | -3.97 |
Profit & loss
- Sales CAGR 3Y
- −10.6%
- Profit CAGR 3Y
- −31.1%
- EPS CAGR 3Y
- −31.1%
- ROE
- −13.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 964 | 848 | 730 | 688 | |
| – | minus 12.0% | minus 14.0% | minus 5.6% | |
| 594 | 525 | 529 | 552 | |
| 371 | 323 | 201 | 137 | |
| 38.5% | 38.1% | 27.5% | 19.9% | |
| 2.6 | 11.1 | 99.2 | 15.5 | |
| 9.4 | 10.1 | 5.2 | 5.8 | |
| 58.7 | 63.8 | 55.4 | 46.9 | |
| 23.9 | 89.4 | 162 | 14.3 | |
| 329 | 350 | 401 | 114 | |
| 20.3% | 23.6% | 20.9% | 25.2% | |
| 261 | 244 | 249 | 85.3 | |
| – | minus 6.6% | +1.9% | minus 65.7% | |
| 9.75 | 9.12 | 9.30 | 3.19 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26.8 | 26.8 | 26.8 | 26.8 | |
| 2,192 | 2,491 | 2,638 | 2,225 | |
| 67.5 | 51.5 | 34.5 | 49 | |
| 260 | 296 | 263 | 273 | |
| 2,547 | 2,866 | 2,962 | 2,574 | |
| 971 | 1,302 | 1,445 | 1,705 | |
| 160 | 406 | 279 | 846 | |
| 8.9 | 113 | 271 | 32 | |
| 675 | 663 | 469 | 278 | |
| 732 | 382 | 498 | −286 | |
| 2,547 | 2,866 | 2,962 | 2,574 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 154 | 170 | 49.4 | 135 | |
| −73 | −111 | 1 | −95.4 | |
| −52.1 | −54 | −60.7 | −54.2 | |
| 29 | 5.7 | −10.3 | −14.6 | |
| −119 | −211 | −213 | −253 | |
| 34.6 | −40.6 | −164 | −118 | |
| −33.4 | −33.5 | −33.5 | −33.5 |
Shareholding pattern
- Promoters34.47%
- Public65.53%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 34.47% | 65.53% | 0.00 | |
| 30 Jun 2026 | 34.47% | 65.53% | 0.00 | |
| 31 Mar 2026 | 34.47% | 65.53% | 0.00 | |
| 31 Dec 2025 | 34.47% | 65.53% | plus 0.81 | |
| 30 Sep 2025 | 33.66% | 66.34% | – |
Major shareholders
Filings & events
News
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