Delta Corp Ltd

Delta Corp Ltd

₹ 147 2.73%
23 Feb - 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

Business Mix FY23
1. Casino's (80%)[1]
The company operates 7 casinos in Goa, Sikkim, and Daman. It possesses and operates under both land-based and offshore licenses. [2]

  • Market Cap 3,927 Cr.
  • Current Price 147
  • High / Low 260 / 123
  • Stock P/E 17.6
  • Book Value 87.7
  • Dividend Yield 0.85 %
  • ROCE 16.3 %
  • ROE 12.4 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Promoter holding is low: 33.3%
  • Company has a low return on equity of 5.05% over last 3 years.
  • Working capital days have increased from 37.9 days to 63.9 days

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
121 211 76 75 247 218 250 270 273 227 273 271 232
109 132 104 94 140 149 163 170 171 167 177 171 176
Operating Profit 12 79 -28 -19 107 69 88 100 102 60 96 100 56
OPM % 10% 37% -37% -25% 43% 32% 35% 37% 37% 26% 35% 37% 24%
8 11 7 8 4 12 6 10 12 19 14 12 13
Interest 1 1 1 1 2 2 2 2 3 2 2 3 3
Depreciation 14 12 13 14 14 16 14 15 15 15 16 17 16
Profit before tax 5 77 -35 -26 95 64 78 93 96 62 92 92 50
Tax % 78% 25% 18% 14% 26% 24% 26% 27% 12% 17% 26% 25% 30%
1 58 -29 -22 71 48 57 69 85 51 68 69 35
EPS in Rs 0.05 2.17 -1.08 -0.85 2.64 1.80 2.14 2.55 3.17 1.91 2.54 2.59 1.29
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
365 425 559 300 375 455 608 798 773 419 616 1,021 1,002
264 330 408 233 244 293 360 482 486 397 477 654 690
Operating Profit 101 95 151 67 131 161 247 315 288 22 139 366 312
OPM % 28% 22% 27% 22% 35% 36% 41% 40% 37% 5% 23% 36% 31%
13 13 16 2 2 9 29 35 33 27 30 46 58
Interest 11 15 33 51 41 35 10 2 16 14 16 24 10
Depreciation 6 8 17 35 36 36 37 38 49 53 56 59 63
Profit before tax 96 85 117 -17 56 99 228 311 256 -18 98 329 296
Tax % 30% 40% 44% -64% 36% 28% 32% 37% 28% -42% 30% 20%
67 49 64 -28 36 71 155 196 185 -26 68 262 224
EPS in Rs 2.24 1.29 1.55 -0.99 1.66 3.18 5.81 7.26 6.85 -0.90 2.51 9.77 8.33
Dividend Payout % 16% 19% 16% -232% 12% 11% 17% 9% 22% -111% 50% 13%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 10%
TTM: -1%
Compounded Profit Growth
10 Years: 24%
5 Years: 13%
3 Years: 12%
TTM: -15%
Stock Price CAGR
10 Years: 4%
5 Years: -9%
3 Years: 0%
1 Year: -22%
Return on Equity
10 Years: 6%
5 Years: 7%
3 Years: 5%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 23 23 23 23 23 23 27 27 27 27 27 27 27
Reserves 729 751 753 742 812 897 1,656 1,915 1,928 1,915 1,995 2,192 2,321
Preference Capital 12 0 0 0 0 0 0 0 0 0 0 0
455 485 352 337 243 221 2 0 0 35 45 68 71
213 276 167 116 117 116 299 129 168 165 210 250 333
Total Liabilities 1,420 1,534 1,295 1,218 1,195 1,257 1,984 2,071 2,123 2,142 2,276 2,536 2,752
132 349 760 854 861 852 1,224 1,229 1,286 1,242 1,197 1,211 1,195
CWIP 411 522 99 4 3 1 4 13 7 6 7 22 89
Investments 134 114 105 108 83 98 422 445 505 560 638 560 634
742 550 331 252 249 307 334 383 325 334 435 744 833
Total Assets 1,420 1,534 1,295 1,218 1,195 1,257 1,984 2,071 2,123 2,142 2,276 2,536 2,752

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
47 285 228 84 117 131 228 101 319 57 127 154
-335 -413 65 -25 -17 -65 -436 -78 -215 -10 -45 -74
356 42 -284 -93 -98 -59 301 -73 -83 -80 -44 -52
Net Cash Flow 68 -86 8 -34 2 7 93 -50 21 -34 37 28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 65 12 44 28 14 3 5 3 0 3 2 2
Inventory Days 748 435 119 1,236 1,021 963 1,608 1,210
Days Payable 21 16 30 305 214 180 164 99
Cash Conversion Cycle 791 432 134 958 821 786 5 3 0 3 1,446 1,113
Working Capital Days 440 224 8 0 24 -29 -66 70 23 46 4 64
ROCE % 10% 8% 12% 3% 8% 11% 15% 16% 14% 0% 5% 16%

Shareholding Pattern

Numbers in percentages

32 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
33.28% 33.28% 33.28% 33.26% 33.23% 33.31% 33.32% 33.31% 33.28% 33.28% 33.26% 33.26%
8.14% 7.78% 6.61% 5.80% 6.21% 7.69% 6.72% 6.28% 5.35% 6.68% 5.06% 1.56%
7.38% 6.80% 6.79% 10.89% 10.94% 13.61% 12.84% 12.82% 14.50% 18.04% 15.73% 12.18%
51.20% 52.14% 53.32% 50.05% 49.63% 45.38% 47.11% 47.59% 46.88% 42.01% 45.96% 52.99%
No. of Shareholders 1,66,0701,84,2672,02,7622,63,4672,52,6032,81,6673,09,7083,24,5543,19,1062,67,8813,94,2234,32,382

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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

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