BSE:532848

Stock Analysis Report

Executive Summary

Delta Corp Limited operates in the gaming and entertainment, and hospitality businesses in India, Kenya, and internationally.

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential and pays a dividend.

Share Price & News

How has Delta's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

10.3%

532848

2.6%

IN Hospitality

3.8%

IN Market


1 Year Return

-16.6%

532848

-5.2%

IN Hospitality

6.0%

IN Market

Return vs Industry: 532848 underperformed the Indian Hospitality industry which returned -5.2% over the past year.

Return vs Market: 532848 underperformed the Indian Market which returned 6% over the past year.


Shareholder returns

532848IndustryMarket
7 Day10.3%2.6%3.8%
30 Day-0.6%-0.06%2.9%
90 Day21.5%-0.8%2.9%
1 Year-16.0%-16.6%-4.8%-5.2%8.2%6.0%
3 Year6.1%4.8%18.1%15.0%23.0%16.7%
5 Year107.3%104.4%50.2%45.2%43.6%30.0%

Price Volatility Vs. Market

How volatile is Delta's share price compared to the market and industry in the last 5 years?


Simply Wall St News

1 year ago | Simply Wall St

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1 year ago | Simply Wall St

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Valuation

Is Delta undervalued compared to its fair value and its price relative to the market?

24.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 532848 (₹187.4) is trading above our estimate of fair value (₹63.69)

Significantly Below Fair Value: 532848 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 532848 is poor value based on its PE Ratio (24.1x) compared to the Hospitality industry average (19.6x).

PE vs Market: 532848 is poor value based on its PE Ratio (24.1x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: 532848 is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: 532848 is overvalued based on its PB Ratio (2.5x) compared to the IN Hospitality industry average (1.2x).


Next Steps

Future Growth

How is Delta forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

21.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 532848's forecast earnings growth (21.7% per year) is above the savings rate (7.6%).

Earnings vs Market: 532848's earnings (21.7% per year) are forecast to grow faster than the Indian market (18% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 532848's revenue (13.8% per year) is forecast to grow faster than the Indian market (11.3% per year).

High Growth Revenue: 532848's revenue (13.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 532848's Return on Equity is forecast to be low in 3 years time (12.3%).


Next Steps

Past Performance

How has Delta performed over the past 5 years?

52.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 532848 has become profitable over the past 5 years, growing earnings by 52.4% per year.

Accelerating Growth: 532848's earnings growth over the past year (17.2%) is below its 5-year average (52.4% per year).

Earnings vs Industry: 532848 earnings growth over the past year (17.2%) underperformed the Hospitality industry 20.7%.


Return on Equity

High ROE: 532848's Return on Equity (10.4%) is considered low.


Return on Assets

ROA vs Industry: 532848 has a higher Return on Assets than the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: 532848 has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Delta's financial position?


Financial Position Analysis

Short Term Liabilities: 532848's short term assets (₹7.7B) exceeds its short term liabilities (₹1.3B)

Long Term Liabilities: 532848's short term assets (7.7B) exceeds its long term liabilities (588.6M)


Debt to Equity History and Analysis

Debt Level: 532848 is debt free.

Reducing Debt: 532848 has no debt compared to 5 years ago when its debt to equity ratio was 37.1%.

Debt Coverage: 532848 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 532848 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 532848 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 532848's debt is covered by short term assets.


Next Steps

Dividend

What is Delta's current dividend yield, its reliability and sustainability?

0.69%

Current Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%0.6%markettop25%2.4%industryaverage0.5%forecastin3Years0.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 532848's dividend (0.69%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 532848's dividend (0.69%) is low compared to the top 25% of dividend payers in the Indian market (2.42%).

Stable Dividend: 532848's dividend payments have been volatile in the past 10 years.

Growing Dividend: 532848's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (8.4%), 532848's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 532848's dividends in 3 years are forecast to be well covered by earnings (18.2% payout ratio).


Next Steps

Management

What is the CEO of Delta's salary, the management and board of directors tenure and is there insider trading?

4.4yrs

Average management tenure


CEO

Anil Malani (52yo)

2.5yrs

Tenure

0

Mr. Anil Malani is President of Operations at Delta Corp since March 2019 and serves as its CEO. Mr. Malani served as President & Chief Executive Officer at Delta Corp Limited since April 5, 2017 until Mar ...


Management Age and Tenure

4.4yrs

Average Tenure

50yo

Average Age

Experienced Management: 532848's management team is considered experienced (4.4 years average tenure).


Board Age and Tenure

5.3yrs

Average Tenure

61yo

Average Age

Experienced Board: 532848's board of directors are considered experienced (5.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Hardik Dhebar (44yo)

    Group Chief Financial Officer

    • Tenure: 5.3yrs
    • Compensation: ₹9.00m
  • Ashish Kapadia (50yo)

    MD & Executive Director

    • Tenure: 11yrs
    • Compensation: ₹16.50m
  • Anil Malani (52yo)

    President of Operations & CEO

    • Tenure: 2.5yrs
  • Dilip Vaidya

    Compliance Officer

    • Tenure: 3.6yrs
    • Compensation: ₹2.30m

Board Members

  • Rakesh Jhunjhunwala (59yo)

    Non Executive & Non-Independent Director

    • Tenure: 9yrs
    • Compensation: ₹100.00k
  • Jaydev Mody (64yo)

    Non-Executive Chairman

    • Tenure: 0yrs
    • Compensation: ₹200.00k
  • Rajesh Jaggi (50yo)

    Independent Director

    • Tenure: 12.3yrs
    • Compensation: ₹200.00k
  • Ravinder Jain (72yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: ₹200.00k
  • Vrajesh Udani (63yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: ₹200.00k
  • Ashish Kapadia (50yo)

    MD & Executive Director

    • Tenure: 11yrs
    • Compensation: ₹16.50m
  • Alpana Chinai (59yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: ₹100.00k
  • Chetan Desai (68yo)

    Non-Executive Director

    • Tenure: 2.6yrs
    • Compensation: ₹300.00k

Company Information

Delta Corp Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Delta Corp Limited
  • Ticker: 532848
  • Exchange: BSE
  • Founded: 1990
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: ₹50.774b
  • Shares outstanding: 270.94m
  • Website: https://www.deltacorp.in

Number of Employees


Location

  • Delta Corp Limited
  • Bayside Mall
  • 2nd Floor
  • Mumbai
  • Maharashtra
  • 400034
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532848BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2004
DELTACORPNSEI (National Stock Exchange of India)YesEquity SharesININRMar 2004

Biography

Delta Corp Limited operates in the gaming and entertainment, and hospitality businesses in India, Kenya, and internationally. The company owns and operates three offshore casinos, including Deltin Royale,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 12:30
End of Day Share Price2019/10/18 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.