Leisure Services
Valuation | |
|---|---|
| Market Cap | 1.75 kCr |
| Price/Earnings (Trailing) | 7.49 |
| Price/Sales (Trailing) | 2.33 |
| EV/EBITDA | 4.2 |
| Price/Free Cashflow | -12.99 |
| MarketCap/EBT | 5.04 |
| Enterprise Value | 1.67 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 2% |
| Price Change 1M | -6.3% |
| Price Change 6M | -21.1% |
| Price Change 1Y | -35.2% |
| 3Y Cumulative Return | -29.9% |
| 5Y Cumulative Return | -15.2% |
| 7Y Cumulative Return | -16% |
| 10Y Cumulative Return | -0.50% |
| Revenue (TTM) |
| 750.92 Cr |
| Rev. Growth (Yr) | -19% |
| Earnings (TTM) | 233.4 Cr |
| Earnings Growth (Yr) | -60% |
Profitability | |
|---|---|
| Operating Margin | 18% |
| EBT Margin | 46% |
| Return on Equity | 10.22% |
| Return on Assets | 9.05% |
| Free Cashflow Yield | -7.7% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | 1.01 Cr |
| Cash Flow from Operations (TTM) | 49.36 Cr |
| Cash Flow from Financing (TTM) | -89.45 Cr |
| Cash & Equivalents | 76.47 Cr |
| Free Cash Flow (TTM) | -163.97 Cr |
| Free Cash Flow/Share (TTM) | -6.12 |
Balance Sheet | |
|---|---|
| Total Assets | 2.58 kCr |
| Total Liabilities | 295.58 Cr |
| Shareholder Equity | 2.28 kCr |
| Current Assets | 644.71 Cr |
| Current Liabilities | 218.54 Cr |
| Net PPE | 838.39 Cr |
| Inventory | 18.73 Cr |
| Goodwill | 128.75 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 80.57 |
| Interest/Cashflow Ops | 10.35 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1.25 |
| Dividend Yield | 1.91% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.10% |
Profitability: Very strong Profitability. One year profit margin are 31%.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Technicals: Bullish SharesGuru indicator.
Insider Trading: There's significant insider buying recently.
Smart Money: Smart money is losing interest in the stock.
Past Returns: Underperforming stock! In past three years, the stock has provided -29.9% return compared to 13% by NIFTY 50.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -8.7% in past one year. In past three years, revenues have changed by -29%.
Momentum: Stock has a weak negative price momentum.
Profitability: Very strong Profitability. One year profit margin are 31%.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Technicals: Bullish SharesGuru indicator.
Insider Trading: There's significant insider buying recently.
Smart Money: Smart money is losing interest in the stock.
Past Returns: Underperforming stock! In past three years, the stock has provided -29.9% return compared to 13% by NIFTY 50.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -8.7% in past one year. In past three years, revenues have changed by -29%.
Momentum: Stock has a weak negative price momentum.
Investor Care | |
|---|---|
| Dividend Yield | 1.91% |
| Dividend/Share (TTM) | 1.25 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 8.72 |
Financial Health | |
|---|---|
| Current Ratio | 2.95 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 28.95 |
| RSI (5d) | 61.54 |
| RSI (21d) | 41.44 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Buy |
| RSI Signal | Buy |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Summary of Delta Corp's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management Outlook and Major Points:
1. GST Impact & Operational Adjustments:
2. Recovery Timeline:
3. Expansion Projects:
4. Financial Position & Margins:
5. Diversification:
6. Legal & Regulatory:
7. Online Gaming:
Outlook: Near-term challenges from GST transition offset by capacity expansion (new vessel) and diversification. Long-term growth hinges on Goa's tourism recovery and real estate execution.
Understand Delta Corp ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| AARTI PANDIT FAMILY PRIVATE LIMITED | 11.12% |
| ADITI MODY FAMILY PRIVATE LIMITED | 11.11% |
| ANJALI MODY FAMILY PRIVATE LIMITED | 11.11% |
| JAYDEV MUKUND MODY | 0.92% |
| HIGHLAND RESORTS LLP | 0.08% |
| KALPANA SINGHANIA | 0.04% |
| GOPIKA SINGHANIA | 0.04% |
Detailed comparison of Delta Corp against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| INDHOTEL | Indian Hotels Co. | 97.67 kCr | 9.3 kCr | -7.80% | -17.20% | 57.95 | 10.5 | - | - |
| EIHOTEL | EIH | 20.79 kCr | 2.94 kCr |
Comprehensive comparison against sector averages
DELTACORP metrics compared to Leisure
| Category | DELTACORP | Leisure |
|---|---|---|
| PE | 7.49 | 49.94 |
| PS | 2.33 | 4.34 |
| Growth | -8.7 % | 12.9 % |
Delta Corp Limited, together with its subsidiaries, 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 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; and Deltin Casino in Kathmandu, Nepal. The Online Skill Gaming segment owns and operates Adda52.com, an online poker games site. The Hospitality segment operates The Deltin, a five-star hotel, which include rooms, gourmet restaurants, and bars, as well as indoor event place, retail space, swimming pools, and indoor and outdoor games located in Daman; and Deltin Suites, an all-suite hotel with a casino, which comprise gaming positions, rooms, restaurant, a bar, and a gym and spa facilities located in Goa. Delta Corp Limited was incorporated in 1990 and is based in Mumbai, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Buy |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
DELTACORP vs Leisure (2021 - 2026)
Question 1:
Dixit Doshi: "As you mentioned that this is the first complete quarter after the new GST introduction, if you can broadly take one example of let's say Rs. 1,000 or Rs. 5,000 and help us understand how it was charged earlier and how on the ground level now we are charging the GST and how much actually consumer gets to play. If you can take one example and help us understand?"
Answer: Pre-October, GST was 28% on gross gaming revenue (GGR), effectively costing 21.875% of GGR. Post-October, GST is 28% on total chips sold. GGR equals ~70% of chips sold, so GST now applies to the remaining 30% (chips encashed), increasing costs by ~6% of GGR. Customers receive full chip value but must lose promotional chips (compulsory play), recovering GST costs.
Question 2:
Pritesh: "Can you just share the visitation number and the net realization per visitation for this quarter and the same quarter last year?"
Answer: Q3 FY24 had 124,000 paid visitors (4% lower QoQ, 6% lower YoY). Spend per head was similar grossly, but net revenue declined ~6% due to GST. December 2023 saw recovery to pre-GST run rates.
Question 3:
Anushree: "How much of the total CapEx of the new ship is pending? By when do you expect it to be done?"
Answer: Total ship CapEx: Rs.280"“290 crores (Rs.175 crores spent). Expected completion: Q3 FY25, with revenue contribution starting Q3/Q4. The ship doubles capacity, adding retail, F&B, and event spaces.
Question 4:
Puneet Shah: "What was the GST amount paid for this quarter? How have packages changed post-GST?"
Answer: Offline GST: Rs.58 crores (Rs.8 crores higher QoQ); online GST: Rs.18 crores (Rs.12 crores higher). Pre-GST packages included gaming offers (e.g., Rs.500 for Rs.1,500 chips). Post-GST, offers were removed, replaced with 10% booking discounts.
Question 5:
Bhavesh Patel: "What is the update on retrospective GST demands and the Daman casino case?"
Answer: Retrospective GST cases are sub judice with stays; hearings expected in February 2024. The Daman case, delayed, seeks a new hearing date. Current GST compliance is followed prospectively.
Question 6:
Rishikesh Oza: "When will revenues normalize? What are sustainable EBITDA margins?"
Answer: Revenues expected to normalize by July 2024 (Q2 FY25). Sustainable EBITDA margins: 35"“36% (vs. 41% pre-GST), with growth post new ship launch. Margins depend on fixed-cost absorption.
Question 7:
Rehaan Phophalia: "What is the strategy for the Peninsula Land JV and real estate plans?"
Answer: Focus on redevelopment projects in Mumbai/Goa with 25"“30% IRR. JV investment: Rs.250 crores initially, targeting quick projects (3-year cycles). No immediate plans for Advani Hotels monetization.
Question 8:
Dhaval Dama: "Why has the new ship's cost and timeline increased? Explain diversification into real estate."
Answer: Ship design expanded to include retail, F&B, and event spaces, delaying completion. Real estate (Peninsula JV) and hospitality (Goa hotel) synergize with core business, ensuring revenue diversification.
Question 9:
Agastya Shah: "Why were December 2023 visitations 8% lower YoY despite offers?"
Answer: Overall Goa tourism dipped due to GST concerns, cheaper flights, and competition. December GGR recovered to near-normal run rates despite lower footfall.
Question 10:
Karan Mehta: "Why invest in Peninsula Land and a JV? What's the real estate capital allocation?"
Answer: Peninsula offers execution expertise; Delta provides capital. Focus on high-return redevelopment. Peak investment: Rs.250 crores initially, with flexibility for future opportunities.
| AMBIKA SUNEET KOTHARI | 0.04% |
| Urvi Piramal A | 0.01% |
Distribution across major stakeholders
Distribution across major institutional holders
| -8.70% |
| -13.30% |
| 31.27 |
| 7.07 |
| - |
| - |
| NAZARA | Nazara Tech | 10.33 kCr | 3.16 kCr | -3.10% | +16.10% | 87.84 | 3.27 | - | - |
| MHRIL | Mahindra Holidays & Resorts India | 5.96 kCr | 3.08 kCr | -3.70% | -12.10% | 58.79 | 1.94 | - | - |
| ADVANIHOTR | Advani Hotels & Resorts (India) | 523.29 Cr | 108.45 Cr | -0.70% | -11.90% | 22.11 | 4.83 | - | - |
| -48.6% |
| 20 |
| 38 |
| 43 |
| 29 |
| 37 |
| 30 |
| Exceptional items before tax | - | 0 | 0 | 212 | 0 | 0 | 1.08 |
| Total profit before tax | -48.6% | 20 | 38 | 255 | 29 | 37 | 32 |
| Current tax | -3.3% | 9.03 | 9.3 | 42 | 12 | 14 | 12 |
| Deferred tax | -209.9% | -4.61 | -0.81 | 31 | -18.73 | -3.36 | -1.82 |
| Total tax | -54.3% | 4.42 | 8.49 | 73 | -6.31 | 11 | 10 |
| Total profit (loss) for period | -53.6% | 14 | 29 | 165 | 36 | 27 | 22 |
| Other comp. income net of taxes | -211.1% | -18.99 | 19 | -60.91 | -26.95 | -37.23 | 48 |
| Total Comprehensive Income | -112.1% | -4.71 | 48 | 104 | 8.78 | -10.25 | 70 |
| Earnings Per Share, Basic | -570% | 0.53 | 1.1 | 6.15 | 1.33 | 1.01 | 0.81 |
| Earnings Per Share, Diluted | -570% | 0.53 | 1.1 | 6.15 | 1.33 | 1.01 | 0.81 |
| 102 |
| 95 |
| 83 |
| 66 |
| 52 |
| 72 |
| Finance costs | -35.4% | 3.75 | 5.26 | 2.98 | 1.86 | 0.86 | 1.51 |
| Depreciation and Amortization | -8.3% | 34 | 37 | 30 | 17 | 16 | 19 |
| Other expenses | 2.3% | 225 | 220 | 198 | 144 | 103 | 162 |
| Total Expenses | 2.5% | 413 | 403 | 357 | 255 | 188 | 287 |
| Profit Before exceptional items and Tax | -24.4% | 206 | 272 | 269 | 122 | 41 | 205 |
| Exceptional items before tax | -3.4% | 57 | 59 | -3.55 | -13.54 | 56 | -55.95 |
| Total profit before tax | -20.4% | 263 | 330 | 266 | 108 | 97 | 149 |
| Current tax | 1.3% | 78 | 77 | 2.16 | 38 | 4.82 | 49 |
| Deferred tax | 75.2% | 0.62 | -0.53 | 48 | -7.1 | 5.01 | 0.81 |
| Total tax | 1.3% | 78 | 77 | 50 | 31 | 9.83 | 50 |
| Total profit (loss) for period | -27% | 185 | 253 | 216 | 77 | 87 | 100 |
| Other comp. income net of taxes | -199.2% | -77.33 | 80 | -32.87 | 49 | 42 | -55.31 |
| Total Comprehensive Income | -67.9% | 108 | 334 | 183 | 126 | 129 | 44 |
| Earnings Per Share, Basic | -30.1% | 6.92 | 9.47 | 8.07 | 1.05 | 3.24 | 3.67 |
| Earnings Per Share, Diluted | -30.1% | 6.92 | 9.47 | 8.05 | 1.04 | 3.23 | 3.67 |
| 640 |
| 651 |
| 664 |
| 677 |
| 646 |
| 657 |
| Capital work-in-progress | 5.2% | 82 | 78 | 70 | 66 | 82 | 20 |
| Goodwill | 0% | 25 | 25 | 25 | 25 | 25 | 25 |
| Non-current investments | -13.6% | 1,081 | 1,251 | 0 | 1,113 | 844 | 834 |
| Total non-current financial assets | -13.4% | 1,097 | 1,267 | 1,130 | 1,128 | 862 | 850 |
| Total non-current assets | -8.5% | 1,885 | 2,061 | 1,944 | 1,958 | 1,684 | 1,605 |
| Total assets | -11.4% | 2,401 | 2,711 | 2,738 | 2,672 | 2,485 | 2,323 |
| Total non-current financial liabilities | - | 14 | 0 | 20 | 22 | 16 | 13 |
| Provisions, non-current | - | 1.5 | 0 | 3.82 | 2.12 | 0.88 | 1.77 |
| Total non-current liabilities | 6.7% | 65 | 61 | 85 | 77 | 64 | 60 |
| Total current financial liabilities | 22.6% | 39 | 32 | 36 | 46 | 49 | 39 |
| Provisions, current | 4.2% | 51 | 49 | 52 | 50 | 49 | 46 |
| Current tax liabilities | 3429.4% | 13 | 1.34 | 4.86 | 4.86 | 22 | 0 |
| Total current liabilities | 25.2% | 130 | 104 | 118 | 122 | 137 | 94 |
| Total liabilities | 19% | 195 | 164 | 203 | 199 | 201 | 153 |
| Equity share capital | 0% | 27 | 27 | 27 | 27 | 27 | 27 |
| Total equity | -13.4% | 2,206 | 2,547 | 2,535 | 2,472 | 2,285 | 2,170 |
| Total equity and liabilities | -11.4% | 2,401 | 2,711 | 2,738 | 2,672 | 2,485 | 2,323 |
| -26.1% |
| 191 |
| 258 |
| 229 |
| 145 |
| - |
| - |
| Income taxes paid (refund) | 8.5% | 78 | 72 | 6.45 | 37 | - | - |
| Net Cashflows From Operating Activities | -39.5% | 113 | 186 | 223 | 108 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 13 | 0 | 0 | 0 | - | - |
| Cash payment for investment in partnership firm or association of persons or LLP | -101% | 0 | 105 | 2.32 | 0 | - | - |
| Proceeds from sales of PPE | 2667.6% | 20 | 0.26 | 0.22 | 0 | - | - |
| Purchase of property, plant and equipment | -83.7% | 15 | 87 | 40 | 10 | - | - |
| Proceeds from sales of investment property | - | 0 | 0 | 0 | 1.55 | - | - |
| Purchase of other long-term assets | 79.3% | 0 | -3.84 | 0 | 0.76 | - | - |
| Dividends received | -2.1% | 4.2 | 4.27 | 4.55 | 0 | - | - |
| Interest received | 255.7% | 9.18 | 3.3 | 0.79 | 12 | - | - |
| Other inflows (outflows) of cash | - | -16.19 | 0 | 0 | 0 | - | - |
| Net Cashflows From Investing Activities | 53.3% | -67.54 | -145.78 | -171.3 | -77.33 | - | - |
| Proceeds from issuing shares | -150.3% | 0 | 2.99 | 1.55 | 4.4 | - | - |
| Payments of lease liabilities | 22.9% | 8.63 | 7.21 | 5.79 | 3.32 | - | - |
| Dividends paid | 0% | 33 | 33 | 33 | 27 | - | - |
| Interest paid | -342.4% | 0.2 | 1.33 | 0.85 | 2.03 | - | - |
| Other inflows (outflows) of cash | - | -3.54 | 0 | 0 | 0 | - | - |
| Net Cashflows from Financing Activities | -17% | -45.84 | -39.02 | -38.52 | -27.63 | - | - |
| Net change in cash and cash eq. | -562.5% | -0.11 | 1.24 | 13 | 3.09 | - | - |
Analysis of Delta Corp's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Casino Gaming Division | 91.3% | 146.6 Cr |
| Hospitality Division | 8.7% | 14 Cr |
| Total | 160.7 Cr |