Delta Corp Ltd

₹ 201 1.41%
03 Oct - 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 5,376 Cr.
  • Current Price 201
  • High / Low 340 / 162
  • Stock P/E 33.8
  • Book Value 75.6
  • Dividend Yield 0.62 %
  • ROCE 5.40 %
  • ROE 3.25 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 2.66 times its book value
  • The company has delivered a poor sales growth of 6.27% over past five years.
  • Promoter holding is low: 33.3%
  • Company has a low return on equity of 3.88% 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
187 201 205 181 48 38 121 211 76 75 247 218 250
119 119 126 133 81 83 109 132 104 94 140 149 163
Operating Profit 68 81 79 48 -33 -45 12 79 -28 -19 107 69 88
OPM % 36% 41% 39% 26% -68% -117% 10% 37% -37% -25% 43% 32% 35%
8 7 8 10 13 -5 8 11 7 8 4 12 6
Interest 1 1 1 2 1 1 1 1 1 1 2 2 2
Depreciation 11 12 12 13 13 14 14 12 13 14 14 16 14
Profit before tax 64 75 74 43 -35 -65 5 77 -35 -26 95 64 78
Tax % 34% 22% 25% 34% 18% 14% 78% 25% 18% 14% 26% 24% 26%
Net Profit 42 59 55 29 -29 -56 1 58 -29 -22 71 48 57
EPS in Rs 1.57 2.18 2.03 1.07 -1.05 -2.04 0.05 2.17 -1.08 -0.85 2.64 1.80 2.14
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
376 365 425 559 300 375 455 608 798 773 419 616 791
188 264 330 408 233 244 293 360 482 486 397 477 546
Operating Profit 188 101 95 151 67 131 161 247 315 288 22 139 244
OPM % 50% 28% 22% 27% 22% 35% 36% 41% 40% 37% 5% 23% 31%
6 13 13 16 2 2 9 29 35 33 27 30 30
Interest 16 11 15 33 51 41 35 10 2 16 14 16 7
Depreciation 6 6 8 17 35 36 36 37 38 49 53 56 57
Profit before tax 172 96 85 117 -17 56 99 228 311 256 -18 98 211
Tax % 4% 30% 40% 44% -64% 36% 28% 32% 37% 28% -42% 30%
Net Profit 165 67 49 64 -28 36 71 155 196 185 -26 68 154
EPS in Rs 8.21 2.24 1.29 1.55 -0.99 1.66 3.18 5.81 7.26 6.85 -0.90 2.51 5.73
Dividend Payout % 4% 16% 19% 16% -232% 12% 11% 17% 9% 22% -111% 50%
Compounded Sales Growth
10 Years: 5%
5 Years: 6%
3 Years: -8%
TTM: 77%
Compounded Profit Growth
10 Years: 3%
5 Years: -1%
3 Years: -29%
TTM: 1133%
Stock Price CAGR
10 Years: 11%
5 Years: 0%
3 Years: 10%
1 Year: -28%
Return on Equity
10 Years: 5%
5 Years: 6%
3 Years: 4%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
32 35 23 23 23 23 23 27 27 27 27 27
Reserves 559 729 751 753 742 812 897 1,656 1,915 1,928 1,915 1,995
185 455 485 352 337 243 221 2 0 0 35 45
182 213 276 167 116 117 116 299 129 168 165 210
Total Liabilities 946 1,420 1,534 1,295 1,218 1,195 1,257 1,984 2,071 2,123 2,142 2,276
192 132 349 760 854 861 852 1,224 1,229 1,286 1,242 1,197
CWIP 82 411 522 99 4 3 1 4 13 7 6 7
Investments 163 134 114 105 108 83 98 422 445 505 560 638
509 742 550 331 252 249 307 334 383 325 334 435
Total Assets 946 1,420 1,534 1,295 1,218 1,195 1,257 1,984 2,071 2,123 2,142 2,276

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
46 47 285 228 84 117 131 228 101 319 57 127
-148 -335 -413 65 -25 -17 -65 -436 -78 -215 -10 -45
120 356 42 -284 -93 -98 -59 301 -73 -83 -80 -44
Net Cash Flow 18 68 -86 8 -34 2 7 93 -50 21 -34 37

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 3 65 12 44 28 14 3 5 3 0 3 2
Inventory Days 886 748 435 119 1,236 1,021 963 1,608
Days Payable 45 21 16 30 305 214 180 164
Cash Conversion Cycle 843 791 432 134 958 821 786 5 3 0 3 1,446
Working Capital Days 314 440 224 8 0 24 -29 -66 70 23 46 4
ROCE % 29% 11% 9% 13% 3% 8% 12% 15% 16% 14% 0% 5%

Shareholding Pattern

Numbers in percentages

7 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
32.77 32.77 32.77 33.02 33.27 33.28 33.28 33.28 33.28 33.26 33.23 33.31
20.36 19.94 16.07 11.36 9.13 8.77 8.14 7.78 6.61 5.80 6.21 7.69
5.83 7.32 7.99 7.78 7.46 7.46 7.38 6.80 6.79 10.89 10.94 13.61
41.04 39.97 43.17 47.84 50.13 50.49 51.20 52.14 53.32 50.05 49.63 45.38

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