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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Delta Corp Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 19, 2024, 7:16 pm

Market Cap 3,061 Cr.
Current Price 114
High / Low160/104
Stock P/E26.5
Book Value 95.1
Dividend Yield1.09 %
ROCE12.4 %
ROE8.76 %
Face Value 1.00
PEG Ratio3.19

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Delta Corp Ltd

Competitors of Delta Corp Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Imagicaaworld Entertainment Ltd 3,726 Cr. 68.8103/49.847.0 19.80.00 %3.04 %7.61 % 10.0
Hanman Fit Ltd 3.77 Cr. 3.596.50/2.45 1.880.00 %13.0 %3.70 % 10.0
Ajwa Fun World & Resort Ltd 14.7 Cr. 23.040.3/18.328.8 2.020.00 %12.2 %% 10.0
Wonderla Holidays Ltd 4,652 Cr. 8231,107/77033.7 2050.30 %19.8 %14.7 % 10.0
Delta Corp Ltd 3,061 Cr. 114160/10426.5 95.11.09 %12.4 %8.76 % 1.00
Industry Average3,813.00 Cr206.4834.0064.760.28%12.09%8.69%8.20

All Competitor Stocks of Delta Corp Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales381212117675247218250270273227273271
Expenses8310913210494140149163170171167177171
Operating Profit-451279-28-1910769881001026096100
OPM %-117%10%37%-37%-25%43%32%35%37%37%26%35%37%
Other Income-58117841261012191412
Interest1111122223223
Depreciation14141213141416141515151617
Profit before tax-65577-35-269564789396629292
Tax %14%78%25%18%14%26%24%26%27%12%17%26%25%
Net Profit-56158-29-227148576985516869
EPS in Rs-2.040.052.17-1.08-0.852.641.802.142.553.171.912.542.59

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3654255593003754556087987734196161,0211,044
Expenses264330408233244293360482486397477654686
Operating Profit101951516713116124731528822139366358
OPM %28%22%27%22%35%36%41%40%37%5%23%36%34%
Other Income13131622929353327304657
Interest1115335141351021614162410
Depreciation681735363637384953565962
Profit before tax9685117-175699228311256-1898329343
Tax %30%40%44%-64%36%28%32%37%28%-42%30%20%
Net Profit674964-283671155196185-2668262274
EPS in Rs2.241.291.55-0.991.663.185.817.266.85-0.902.519.7710.21
Dividend Payout %16%19%16%-232%12%11%17%9%22%-111%50%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-26.87%30.61%-143.75%228.57%97.22%118.31%26.45%-5.61%-114.05%361.54%285.29%
Change in YoY Net Profit Growth (%)0.00%57.48%-174.36%372.32%-131.35%21.09%-91.86%-32.06%-108.44%475.59%-76.24%

Delta Corp Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:3%
3 Years:30%
TTM:-24%
Compounded Profit Growth
10 Years:19%
5 Years:3%
3 Years:127%
TTM:-58%
Stock Price CAGR
10 Years:1%
5 Years:-11%
3 Years:-26%
1 Year:-19%
Return on Equity
10 Years:7%
5 Years:7%
3 Years:8%
Last Year:9%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:38 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital23232323232727272727272727
Reserves7517537428128971,6561,9151,9281,9151,9952,1922,4912,519
Borrowings4853523372432212003545685245
Other Liabilities276167116117116299129168165210250286298
Total Liabilities1,5341,2951,2181,1951,2571,9842,0712,1232,1422,2762,5362,8552,890
Fixed Assets3497608548618521,2241,2291,2861,2421,1971,2111,2911,291
CWIP5229943141376722179206
Investments1141051088398422445505560638560665687
Other Assets550331252249307334383325334435744721706
Total Assets1,5341,2951,2181,1951,2571,9842,0712,1232,1422,2762,5362,8552,890

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2852288411713122810131957127154170
Cash from Investing Activity +-41365-25-17-65-436-78-215-10-45-74-114
Cash from Financing Activity +42-284-93-98-59301-73-83-80-44-52-54
Net Cash Flow-868-342793-5021-3437282

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow101.00-390.00-201.00-270.00-112.00-60.00245.00315.00288.00-13.0094.00298.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1244281435303224
Inventory Days4351191,2361,0219631,6081,210112
Days Payable1630305214180164183213
Cash Conversion Cycle43213495882178653031,4461,029-97
Working Capital Days2248024-29-667023464672
ROCE %8%12%3%8%11%15%16%14%0%5%16%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters33.28%33.26%33.23%33.31%33.32%33.31%33.28%33.28%33.26%33.26%33.26%33.26%
FIIs6.61%5.80%6.21%7.69%6.72%6.28%5.35%6.68%5.06%1.56%1.91%1.45%
DIIs6.79%10.89%10.94%13.61%12.84%12.82%14.50%18.04%15.73%12.18%8.93%8.80%
Public53.32%50.05%49.63%45.38%47.11%47.59%46.88%42.01%45.96%52.99%55.90%56.49%
No. of Shareholders2,02,7622,63,4672,52,6032,81,6673,09,7083,24,5543,19,1062,67,8813,94,2234,32,3824,10,8603,98,348

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan11,289,7150.62144.34639,7022024-11-201664.84%
HDFC Mid-Cap Opportunities Fund - Regular Plan11,114,0230.3142.09639,7022024-11-201637.38%
Quant Small Cap Fund9,905,1791.33126.64639,7022024-11-201448.41%
Quant Active Fund1,626,2180.3420.79639,7022024-11-20154.21%
Kotak Equity Arbitrage Fund - Regular Plan999,6000.0412.78639,7022024-11-2056.26%
HDFC Large and Mid Cap Fund - Regular Plan639,7020.078.18639,7022024-11-200%
Axis Arbitrage Fund495,6000.26.34639,7022024-11-20-22.53%
SBI Arbitrage Opportunities Fund369,6000.024.73639,7022024-11-20-42.22%
HSBC Arbitrage Fund232,4000.172.97639,7022024-11-20-63.67%
Invesco India Arbitrage Fund196,0000.032.51639,7022024-11-20-69.36%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)9.129.772.51-0.906.85
Diluted EPS (Rs.)9.129.752.49-0.906.85
Cash EPS (Rs.)11.4811.964.650.998.61
Book Value[Excl.RevalReserv]/Share (Rs.)94.0283.0075.6772.8372.27
Book Value[Incl.RevalReserv]/Share (Rs.)94.0283.0075.6772.8372.27
Revenue From Operations / Share (Rs.)34.5538.1523.0515.7028.55
PBDIT / Share (Rs.)13.0814.836.271.8211.41
PBIT / Share (Rs.)10.7012.634.18-0.159.62
PBT / Share (Rs.)12.1512.273.67-0.699.46
Net Profit / Share (Rs.)9.109.772.55-0.976.82
NP After MI And SOA / Share (Rs.)9.129.772.51-0.906.85
PBDIT Margin (%)37.8538.8627.2211.5739.96
PBIT Margin (%)30.9633.1218.12-0.9933.69
PBT Margin (%)35.1532.1715.90-4.4333.13
Net Profit Margin (%)26.3325.6111.07-6.2223.89
NP After MI And SOA Margin (%)26.3925.6010.87-5.7524.00
Return on Networth / Equity (%)9.7011.773.31-1.249.49
Return on Capital Employeed (%)10.9714.545.36-0.2012.93
Return On Assets (%)8.5210.262.92-1.118.66
Asset Turnover Ratio (%)0.340.420.270.090.22
Current Ratio (X)3.554.714.334.675.87
Quick Ratio (X)3.483.843.643.995.02
Inventory Turnover Ratio (X)0.830.660.500.270.00
Dividend Payout Ratio (NP) (%)13.7012.7939.820.0031.37
Dividend Payout Ratio (CP) (%)10.8610.4421.670.0024.87
Earning Retention Ratio (%)86.3087.2160.180.0068.63
Cash Earning Retention Ratio (%)89.1489.5678.330.0075.13
Interest Coverage Ratio (X)31.7341.2828.488.9161.09
Interest Coverage Ratio (Post Tax) (X)18.5728.2113.90-2.1537.38
Enterprise Value (Cr.)2831.944708.968725.894259.631681.64
EV / Net Operating Revenue (X)3.064.6114.1610.172.17
EV / EBITDA (X)8.0811.8752.0287.865.44
MarketCap / Net Operating Revenue (X)3.204.7414.3310.322.29
Retention Ratios (%)86.2987.2060.170.0068.62
Price / BV (X)1.182.184.372.230.90
Price / Net Operating Revenue (X)3.204.7414.3310.322.29
EarningsYield0.080.050.01-0.010.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Delta Corp Ltd as of November 21, 2024 is: 223.17

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, Delta Corp Ltd is Undervalued by 95.76% compared to the current share price 114.00

Intrinsic Value of Delta Corp Ltd as of November 21, 2024 is: 241.71

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, Delta Corp Ltd is Undervalued by 112.03% compared to the current share price 114.00

Last 5 Year EPS CAGR: 8.31%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,582.00 cr) compared to borrowings (145.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (438.08 cr) and profit (152.54 cr) over the years.
  1. The stock has a low average ROCE of 10.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 31.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 253.92, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Delta Corp Ltd:
    1. Net Profit Margin: 26.33%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 10.97% (Industry Average ROCE: 12.09%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 9.7% (Industry Average ROE: 8.69%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 18.57
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 3.48
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 26.5 (Industry average Stock P/E: 34)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Delta Corp Ltd. is a Public Limited Listed company incorporated on 05/11/1990 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65493PN1990PLC058817 and registration number is 058817. Currently Company is involved in the business activities of Gambling and betting activities. Company’s Total Operating Revenue is Rs. 359.06 Cr. and Equity Capital is Rs. 26.73 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Amusement Parks/Recreation10, Kumar Place, 2408, General Thimayya Road, Pune Maharashtra 411001secretarial@deltin.com
http://www.deltacorp.in
Management
NamePosition Held
Mr. Jaydev ModyNon Executive Chairman
Mr. Ashish KapadiaManaging Director
Mrs. Tara SubramaniamIndependent Director
Dr. Vrajesh UdaniIndependent Director
Mrs. Pankaj RazdanIndependent Director
Mr. Chetan DesaiIndependent Director

FAQ

What is the latest intrinsic value of Delta Corp Ltd?

The latest intrinsic value of Delta Corp Ltd as on 21 November 2024 is ₹223.17, which is 95.76% higher than the current market price of ₹114.00.

What is the Market Cap of Delta Corp Ltd?

The Market Cap of Delta Corp Ltd is 3,061 Cr..

What is the current Stock Price of Delta Corp Ltd as on 21 November 2024?

The current stock price of Delta Corp Ltd as on 21 November 2024 is ₹114.

What is the High / Low of Delta Corp Ltd stocks in FY 2024?

In FY 2024, the High / Low of Delta Corp Ltd stocks is 160/104.

What is the Stock P/E of Delta Corp Ltd?

The Stock P/E of Delta Corp Ltd is 26.5.

What is the Book Value of Delta Corp Ltd?

The Book Value of Delta Corp Ltd is 95.1.

What is the Dividend Yield of Delta Corp Ltd?

The Dividend Yield of Delta Corp Ltd is 1.09 %.

What is the ROCE of Delta Corp Ltd?

The ROCE of Delta Corp Ltd is 12.4 %.

What is the ROE of Delta Corp Ltd?

The ROE of Delta Corp Ltd is 8.76 %.

What is the Face Value of Delta Corp Ltd?

The Face Value of Delta Corp Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Delta Corp Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE