NSE: DELTACORP · BSE: 532848 · ISIN INE124G01033
Delta Corp Limited stock analysis
Delta Corp Limited ranks #2602 in the TickerSutra evidence-ranked universe with a score of 45/100 and 95% data confidence. The latest captured fundamentals show ROCE of 5.1%, quarterly sales growth of -8.5% and quarterly profit growth of 219.6%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.02×
- Strong CFO/EBITDA of 0.99×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Operating margin has compressed materially
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹616cr | ₹139cr | ₹68cr | 23.0% |
| 2023 | ₹964cr | ₹366cr | ₹262cr | 38.0% |
| 2024 | ₹848cr | ₹314cr | ₹245cr | 37.0% |
| 2025 | ₹730cr | ₹194cr | ₹249cr | 27.0% |
| 2026 | ₹688cr | ₹136cr | ₹85cr | 20.0% |
| TTM | ₹673cr | ₹120cr | ₹-157cr | 18.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Delta Corp Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutinePrice movementNSE · 28 Sept 2026Significant movement in price has been observed in Delta Corp Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Delta Corp Limited has submitted their response.
RoutineDelta Corp Ltd - 532848 - Announcement Under Regulation 30BSE · 28 Sept 2026Announcement Under Regulation 30
Negative CatalystAction(s) taken or orders passedNSE · 27 Sept 2026Delta Corp Limited has informed the Exchange about Action(s) taken or orders passed
RoutineDelta Corp Ltd - 532848 - Disclosure Under Regulation 30 Of LODRBSE · 27 Sept 2026Disclosure Under Regulation 30
MANAGEMENT COMMENTARY
Signals from filed documents
The Company expects a gradual recovery in the casino and hospitality segments. This recovery is expected to be driven by key growth catalysts, including the commissioning of a new gaming vessel and the addition of a new hotel asset at Goa and Alibaug, which are anticipated to enhance operating leverage, improve customer experience, and strengthen profitability. Delta Corp is well-positioned to execute its growth stra
Mitigation: The Company continues to focus on its core gaming and gaming-led hospitality segments while pursuing a calibrated expansion strategy across key markets. This includes the development of new properties, enhancement of customer experiences, and adoption of digital innovations, with the objective of strengthening its market leadership and diversifying its operational footprint. Mitigation: Delta Corp has a p
These achievements are a testament to the dedication of our employees, the loyalty of our customers and the strength of the brand we have collectively built over many years. We remain confident in the long-term prospects of our business. India’s expanding tourism sector, rising discretionary consumption, improving infrastructure and growing demand for organised leisure and entertainment continue to provide a compelli
The Group undertook several strategic measures to improve operational efficiency and long-term profitability: • Closure of commercially unviable land-based casinos, Deltin Zuri, Goa and Deltin Denzong, Sikkim; • Continued investment in a new offshore gaming vessel, expected to be operational in FY 2026-27; • Focus on cost rationalisation, customer engagement, and service enhancement initiatives. Despite the margin pr
Return on Net Worth (RoNW) stood at (-15.43%) as against 6.65% in the previous year. The decline was primarily due to reduced profitability, higher equity base and One-time impairment provision of approximately ` 460 crore towards investment in online gaming business, following regulatory restrictions imposed in September 2025. Additionally, ongoing investments in large projects, (new vessel in Goa and new hotel in G
The creation of two focused listed entities is expected to enhance operational focus, improve capital allocation and unlock long-term value for all stakeholders. We continue to make satisfactory progress in obtaining the requisite statutory and regulatory approvals. Despite the challenges of the year, the Deltin brand continued to receive widespread recognition across marketing, hospitality and employer excellence.
The facility of participation at the AGM through VC/OAVM will be made available for 1000 members on first come first served basis. This will not include large Shareholders (holding 2% or more), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination, Remuneration and Compensation Committee and Stakeholders Relationship Committee, Auditors etc. who a
With over two decades of work experience, Mr. Jain’s professional journey began during the formative years of Go Airlines, where he made significant contributions to their early expansion within the Indian and overseas markets. On the academic front, he holds an MBA from ICFAI Business School and is a graduate of MDSU, Ajmer.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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