Delta Corp Ltd

₹ 234 2.54%
05 Dec - close price
About

Delta Corp is currently operates in the Gaming, Hospitality and online skill gaming segment.(Source : 202003-01 Annual Report Page No:113)

Key Points

Delta Corp Ltd is the largest gaming company in India and they are the only listed company in the casino gaming with 2000+ live gaming positions. They have managed to capture 55% of market share in the organized casino market and it has three major areas of business.

  • Market Cap 6,265 Cr.
  • Current Price 234
  • High / Low 340 / 162
  • Stock P/E 30.0
  • Book Value 81.3
  • Dividend Yield 0.53 %
  • ROCE 5.30 %
  • ROE 3.74 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 38.3%
  • Company's median sales growth is 23.6% of last 10 years
  • Company's working capital requirements have reduced from 190 days to 27.9 days

Cons

  • Stock is trading at 2.88 times its book value
  • The company has delivered a poor sales growth of 5.26% over past five years.
  • Promoter holding is low: 33.3%
  • Company has a low return on equity of 3.73% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Entertainment Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
119 125 95 0 1 68 133 29 34 165 131 151 158
65 69 67 27 26 49 69 45 41 73 76 83 83
Operating Profit 54 56 28 -27 -26 19 64 -16 -8 92 55 68 75
OPM % 45% 45% 29% -88,400% -4,459% 28% 48% -56% -23% 56% 42% 45% 47%
5 7 -47 67 6 6 3 5 5 2 -8 0 7
Interest 0 0 0 0 0 0 0 0 0 1 1 1 1
Depreciation 5 4 4 4 5 5 2 4 4 4 5 5 5
Profit before tax 53 58 -25 36 -25 21 64 -15 -7 89 42 63 76
Tax % 16% 24% -35% -16% 23% 25% 25% 24% 28% 26% 33% 26% 25%
Net Profit 45 44 -33 42 -19 15 48 -12 -5 66 28 46 57
EPS in Rs 1.66 1.62 -1.22 1.56 -0.70 0.58 1.80 -0.44 -0.19 2.47 1.05 1.73 2.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
262 54 39 117 194 240 278 376 475 458 202 359 606
98 44 43 74 123 157 181 219 264 266 171 236 316
Operating Profit 164 10 -4 43 71 83 97 157 211 193 31 123 290
OPM % 63% 19% -11% 37% 37% 35% 35% 42% 44% 42% 15% 34% 48%
-19 14 32 51 10 -0 5 23 66 -22 82 4 1
Interest 12 6 0 13 16 15 14 5 1 2 1 2 3
Depreciation 0 0 0 5 12 11 12 15 16 19 16 17 19
Profit before tax 132 18 27 75 53 56 76 160 260 149 97 108 270
Tax % 3% 32% 19% 17% 40% 34% 31% 35% 29% 33% 10% 29%
Net Profit 129 12 22 62 32 37 53 105 183 100 87 77 197
EPS in Rs 6.37 0.56 0.95 2.73 1.38 1.61 2.27 3.91 6.77 3.67 3.25 2.89 7.38
Dividend Payout % 5% 63% 26% 9% 7% 12% 15% 26% 10% 41% 31% 43%
Compounded Sales Growth
10 Years: 21%
5 Years: 5%
3 Years: -9%
TTM: 130%
Compounded Profit Growth
10 Years: 20%
5 Years: 8%
3 Years: -23%
TTM: 346%
Stock Price CAGR
10 Years: 11%
5 Years: -2%
3 Years: 3%
1 Year: -4%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 4%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
32 35 23 23 23 23 23 27 27 27 27 27 27
Reserves 535 661 678 793 838 861 931 1,644 1,908 1,890 1,986 2,090 2,149
66 5 1 146 111 79 66 2 0 0 3 17 3
52 29 12 42 33 34 38 227 67 58 79 100 154
Total Liabilities 672 717 713 1,004 1,006 997 1,058 1,901 2,002 1,975 2,095 2,234 2,333
1 1 1 221 215 203 206 335 328 335 321 327 322
CWIP 20 24 0 1 1 0 0 2 6 5 4 5 14
Investments 129 98 82 478 427 404 420 986 1,350 1,349 1,408 1,711 1,708
522 593 629 304 363 390 432 579 318 285 362 191 289
Total Assets 672 717 713 1,004 1,006 997 1,058 1,901 2,002 1,975 2,095 2,234 2,333

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
102 17 58 -351 51 68 82 132 129 182 55 108
-136 13 -105 447 -27 -15 -54 -578 -116 -82 -47 -77
76 -5 -23 -70 -42 -50 -21 488 -48 -74 -43 -28
Net Cash Flow 42 25 -71 27 -17 3 6 42 -35 27 -35 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 2 183 49 14 6 5 5 7 5 1 5 2
Inventory Days 100 1 414 290 292 226 169 173 342 204
Days Payable 3 2 176 149 142 165 120 174 283 153
Cash Conversion Cycle 2 281 48 14 244 145 155 68 54 -0 64 53
Working Capital Days 574 3,251 5,552 532 482 426 426 272 168 117 426 28
ROCE % 33% 4% 0% 8% 6% 8% 9% 11% 14% 10% 1% 5%

Shareholding Pattern

Numbers in percentages

4 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
32.77 32.77 33.02 33.27 33.28 33.28 33.28 33.28 33.26 33.23 33.31 33.32
19.94 16.07 11.36 9.13 8.77 8.14 7.78 6.61 5.80 6.21 7.69 6.72
7.32 7.99 7.78 7.46 7.46 7.38 6.80 6.79 10.89 10.94 13.61 12.84
39.97 43.17 47.84 50.13 50.49 51.20 52.14 53.32 50.05 49.63 45.38 47.11

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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