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Last Updated: April 2, 2026, 2:49 am
Author: Getaka|Social: XLinkedIn

Delta Corp Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹35.89Overvalued by 33.90%vs CMP ₹54.30

P/E (14.9) × ROE (3.5%) × BV (₹85.30) × DY (2.30%)

₹97.53Undervalued by 79.61%vs CMP ₹54.30
MoS: +44.3% (Strong)Confidence: 54/100 (Moderate)Models: 6 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹46.0425%Over (-15.2%)
Graham NumberEarnings₹129.3718%Under (+138.3%)
Earnings PowerEarnings₹76.7612%Under (+41.4%)
DCFCash Flow₹212.2912%Under (+291%)
Net Asset ValueAssets₹85.308%Under (+57.1%)
EV/EBITDAEnterprise₹108.1510%Under (+99.2%)
Earnings YieldEarnings₹87.208%Under (+60.6%)
Revenue MultipleRevenue₹40.896%Over (-24.7%)
Consensus (8 models)₹97.53100%Undervalued
Key Drivers: EPS CAGR 28.3% lifts DCF — verify sustainability. | ROE 3.5% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 28.3%

*Investments are subject to market risks

Investment Snapshot

50
Delta Corp Ltd scores 50/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 7.7% WeakROE 3.5% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.16% (6mo) Slight increaseDII holding down 7.51% MF sellingPromoter increased by 0.80% Positive
Earnings Quality40/100 · Moderate
OPM stable around 32% SteadyWorking capital: 143 days Capital intensive
Quarterly Momentum60/100 · Moderate
Revenue (4Q): -4% YoY FlatProfit (4Q): +48% YoY StrongOPM: 14.0% (down 12.0% YoY) Margin pressure
Industry Rank40/100 · Moderate
P/E 14.9 vs industry 33.5 Cheaper than peersROCE 7.7% vs industry 16.6% Below peersROE 3.5% vs industry 11.4% Below peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:49 am

Market Cap 1,454 Cr.
Current Price 54.3
Intrinsic Value₹97.53
High / Low 98.9/48.3
Stock P/E14.9
Book Value 85.3
Dividend Yield2.30 %
ROCE7.65 %
ROE3.45 %
Face Value 1.00
PEG Ratio0.53

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

View Share Price Target for Delta Corp Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Delta Corp Ltd 1,454 Cr. 54.3 98.9/48.314.9 85.32.30 %7.65 %3.45 % 1.00
Imagicaaworld Entertainment Ltd 2,304 Cr. 40.7 75.6/36.878.4 23.40.00 %7.44 %7.33 % 10.0
Wonderla Holidays Ltd 3,315 Cr. 523 717/45540.0 2780.38 %7.82 %7.51 % 10.0
Ajwa Fun World & Resort Ltd 30.4 Cr. 47.5 64.1/26.90.56 81.90.00 %36.6 %% 10.0
Hanman Fit Ltd 4.20 Cr. 4.00 6.60/3.08 1.580.00 %23.5 %27.4 % 10.0
Industry Average2,357.67 Cr133.9033.4794.040.54%16.60%11.42%8.20

All Competitor Stocks of Delta Corp Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 273214273261210185178188187183184183160
Expenses 171154177161154137131154138142145143138
Operating Profit 1026096100564847344941394022
OPM % 37%28%35%38%27%26%27%18%26%22%21%22%14%
Other Income 121914121361119-162111297
Interest 3223332211111
Depreciation 15151617161312141313121210
Profit before tax 966292925093353819237383619
Tax % 12%17%26%25%30%22%38%28%-90%31%22%30%24%
Net Profit 855168693572222736165292514
EPS in Rs 3.171.912.542.591.292.700.811.011.336.151.100.940.53

Last Updated: February 6, 2026, 4:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 9:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 559300375455608798773419616964848730710
Expenses 408233244293360482486397477598534535568
Operating Profit 1516713116124731528822139366314194142
OPM % 27%22%35%36%41%40%37%5%23%38%37%27%20%
Other Income 1622929353327304688202239
Interest 335141351021614162418134
Depreciation 17353636373849535659565047
Profit before tax 117-175699228311256-1898329327333330
Tax % 44%64%36%28%32%37%28%42%30%20%25%25%
Net Profit 64-283671155196185-2668262245249233
EPS in Rs 1.55-0.991.663.185.817.266.85-0.902.519.779.129.308.72
Dividend Payout % 16%-232%12%11%17%9%22%-111%50%13%14%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-143.75%228.57%97.22%118.31%26.45%-5.61%-114.05%361.54%285.29%-6.49%1.63%
Change in YoY Net Profit Growth (%)0.00%372.32%-131.35%21.09%-91.86%-32.06%-108.44%475.59%-76.24%-291.78%8.12%

Delta Corp Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:-1%
3 Years:6%
TTM:-11%
Compounded Profit Growth
10 Years:20%
5 Years:-14%
3 Years:12%
TTM:-16%
Stock Price CAGR
10 Years:2%
5 Years:-4%
3 Years:-25%
1 Year:-34%
Return on Equity
10 Years:7%
5 Years:5%
3 Years:8%
Last Year:3%

Last Updated: September 5, 2025, 2:50 am

Balance Sheet

Last Updated: February 1, 2026, 12:34 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 23232323272727272727272727
Reserves 7537428128971,6561,9151,9281,9151,9952,1922,4912,6382,257
Borrowings 35233724322120-0354568523532
Other Liabilities 167116117116299129168165210250286224264
Total Liabilities 1,2951,2181,1951,2571,9842,0712,1232,1422,2762,5362,8552,9232,579
Fixed Assets 7608548618521,2241,2291,2861,2421,1971,2111,291981968
CWIP 9943141376722179279315
Investments 1051088398422445505560638560665667493
Other Assets 331252249307334383325334435744721996804
Total Assets 1,2951,2181,1951,2571,9842,0712,1232,1422,2762,5362,8552,9232,579

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 228841171312281013195712715417049
Cash from Investing Activity + 65-25-17-65-436-78-215-10-45-74-114-26
Cash from Financing Activity + -284-93-98-59301-73-83-80-44-52-54-61
Net Cash Flow 8-342793-5021-3437282-38
Free Cash Flow 155731081118142253439835-40-144
CFO/OP 173%178%102%94%123%65%136%323%120%47%81%68%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-201.00-270.00-112.00-60.00245.00315.00288.00-13.0094.00298.00262.00159.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 442814353032243
Inventory Days 1191,2361,0219631,6081,210112121
Days Payable 30305214180164183213144
Cash Conversion Cycle 13495882178653031,4461,029-97-21
Working Capital Days -8-3314-59-66702340061-5143
ROCE %12%3%8%11%15%16%14%0%5%16%13%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 33.28%33.28%33.26%33.26%33.26%33.26%33.26%33.26%33.66%33.66%33.66%34.46%
FIIs 5.35%6.68%5.06%1.56%1.91%1.45%1.25%1.02%1.48%2.69%2.14%1.64%
DIIs 14.50%18.04%15.73%12.18%8.93%8.80%8.61%8.36%7.75%6.27%2.62%0.24%
Public 46.88%42.01%45.96%52.99%55.90%56.49%56.87%57.35%57.11%57.38%61.56%63.66%
No. of Shareholders 3,19,1062,67,8813,94,2234,32,3824,10,8603,98,3483,84,0693,77,9003,70,2143,64,9833,62,3423,50,588

Shareholding Pattern Chart

No. of Shareholders

Delta Corp Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Large and Mid Cap Fund 639,702 0.01 4.13N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 9.309.129.772.51-0.90
Diluted EPS (Rs.) 9.309.129.752.49-0.90
Cash EPS (Rs.) 11.1811.4811.964.650.99
Book Value[Excl.RevalReserv]/Share (Rs.) 99.5094.0283.0075.6772.83
Book Value[Incl.RevalReserv]/Share (Rs.) 99.5094.0283.0075.6772.83
Revenue From Operations / Share (Rs.) 27.2534.5538.1523.0515.70
PBDIT / Share (Rs.) 9.1213.0814.836.271.82
PBIT / Share (Rs.) 7.2610.7012.634.18-0.15
PBT / Share (Rs.) 15.0112.1512.273.67-0.69
Net Profit / Share (Rs.) 9.329.109.772.55-0.97
NP After MI And SOA / Share (Rs.) 9.309.129.772.51-0.90
PBDIT Margin (%) 33.4637.8538.8627.2211.57
PBIT Margin (%) 26.6430.9633.1218.12-0.99
PBT Margin (%) 55.1135.1532.1715.90-4.43
Net Profit Margin (%) 34.2126.3325.6111.07-6.22
NP After MI And SOA Margin (%) 34.1226.3925.6010.87-5.75
Return on Networth / Equity (%) 9.349.7011.773.31-1.24
Return on Capital Employeed (%) 7.0110.9714.545.36-0.20
Return On Assets (%) 8.408.5210.262.92-1.11
Asset Turnover Ratio (%) 0.250.340.420.270.09
Current Ratio (X) 4.943.554.714.334.67
Quick Ratio (X) 4.843.483.843.643.99
Inventory Turnover Ratio (X) 38.730.830.660.500.27
Dividend Payout Ratio (NP) (%) 13.4413.7012.7939.820.00
Dividend Payout Ratio (CP) (%) 11.2010.8610.4421.670.00
Earning Retention Ratio (%) 86.5686.3087.2160.180.00
Cash Earning Retention Ratio (%) 88.8089.1489.5678.330.00
Interest Coverage Ratio (X) 44.3131.7341.2828.488.91
Interest Coverage Ratio (Post Tax) (X) 20.0218.5728.2113.90-2.15
Enterprise Value (Cr.) 2138.442831.944708.968725.894259.63
EV / Net Operating Revenue (X) 2.933.064.6114.1610.17
EV / EBITDA (X) 8.768.0811.8752.0287.86
MarketCap / Net Operating Revenue (X) 3.063.204.7414.3310.32
Retention Ratios (%) 86.5586.2987.2060.170.00
Price / BV (X) 0.831.182.184.372.23
Price / Net Operating Revenue (X) 3.063.204.7414.3310.32
EarningsYield 0.110.080.050.01-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 L65493MH1990PLC436790 and registration number is 436790. Currently Company is involved in the business activities of Gambling and betting activities. Company's Total Operating Revenue is Rs. 574.64 Cr. and Equity Capital is Rs. 26.78 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Amusement Parks/Recreation10, Kumar Place, 2408, General Thimayya Road, Pune Maharashtra 411001Contact not found
Management
NamePosition Held
Mr. Jaydev ModyNon Executive Chairman
Mr. Ashish KapadiaManaging Director
Dr. Vrajesh UdaniNon Exe.Non Ind.Director
Mrs. Tara SubramaniamIndependent Director
Mr. Chetan DesaiIndependent Director
Mrs. Pankaj RazdanIndependent Director

FAQ

What is the intrinsic value of Delta Corp Ltd and is it undervalued?

As of 13 April 2026, Delta Corp Ltd's intrinsic value is ₹97.53, which is 79.61% higher than the current market price of ₹54.30, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (3.45 %), book value (₹85.3), dividend yield (2.30 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Delta Corp Ltd?

Delta Corp Ltd is trading at ₹54.30 as of 13 April 2026, with a FY2026-2027 high of ₹98.9 and low of ₹48.3. The stock is currently near its 52-week low. Market cap stands at ₹1,454 Cr..

How does Delta Corp Ltd's P/E ratio compare to its industry?

Delta Corp Ltd has a P/E ratio of 14.9, which is below the industry average of 33.47. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Delta Corp Ltd financially healthy?

Key indicators for Delta Corp Ltd: ROCE of 7.65 % is on the lower side compared to the industry average of 16.60%; ROE of 3.45 % is below ideal levels (industry average: 11.42%). Dividend yield is 2.30 %.

Is Delta Corp Ltd profitable and how is the profit trend?

Delta Corp Ltd reported a net profit of ₹249 Cr in Mar 2025 on revenue of ₹730 Cr. Compared to ₹68 Cr in Mar 2022, the net profit shows an improving trend.

Does Delta Corp Ltd pay dividends?

Delta Corp Ltd has a dividend yield of 2.30 % at the current price of ₹54.30. This is a relatively attractive yield for income-seeking investors.

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
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