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Delta Corp. Ltd. (India) (DELTACORP) AI Stock Analysis
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Delta Corp. Ltd. (India)
(NSE:DELTACORP)
The score is primarily driven by strong technical momentum (price well above key moving averages with positive MACD), but is held back by weakening fundamentals—declining revenue, a sharp FY2026 profit drop, and sustained negative free cash flow. Valuation adds limited support due to a negative P/E and a low dividend yield.
Delta Corp. Ltd. (India) (DELTACORP) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 19.86B
- Dividend Yield
- 0.67%
- Average Volume (3M)
- 441.96K
- Price to Earnings (P/E)
- -6.9
- Beta (1Y)
- 1.01
- Revenue Growth
- -12.70%
- EPS Growth
- -213.05%
- Country
- India
- Employees
- 2,099
- Sector
- General
- Sector Strength
- 55
- Industry
- Gambling, Resorts & Casinos
Delta Corp. Ltd. (India) Business Overview & Revenue Model
Company Description
Delta Corp. Ltd. (India) engages in the business of gaming and entertainment. The firm owns and manages casinos in India. It operates through the following segments: Casino Gaming and Hospitality. The company was founded in 1990 and is headquartered...
How the Company Makes Money
Delta Corp makes money mainly from (1) casino gaming and hospitality-linked spend at its casino properties and (2) online skill gaming under the Adda52 platform. In its casino business, revenue is generated from customer gaming spend on casino games...
Delta Corp. Ltd. (India) Financial Statement Overview
Summary
Income statement momentum has weakened with revenue declines in FY2024–FY2026 and a sharp net income drop in FY2026, while cash flow quality is a key risk due to negative free cash flow across FY2024–FY2026. This is partially offset by a conservatively financed balance sheet with low leverage and solid capitalization.
Income Statement
58NeutralBalance Sheet
84Very PositiveCash Flow
37Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.49B | 6.88B | 7.30B | 9.25B | 9.64B | 6.16B |
| Gross Profit | 3.55B | 2.97B | 6.65B | 5.43B | 5.06B | 2.66B |
| EBITDA | 1.28B | 1.67B | 4.62B | 4.00B | 3.97B | 1.60B |
| Net Income | -2.88B | 852.90M | 2.49B | 2.44B | 2.61B | 669.90M |
Balance Sheet | ||||||
| Total Assets | 26.87B | 25.74B | 29.62B | 28.66B | 25.47B | 22.93B |
| Cash, Cash Equivalents and Short-Term Investments | 3.04B | 2.78B | 4.68B | 6.63B | 6.75B | 7.00B |
| Total Debt | 831.50M | 489.80M | 345.30M | 515.10M | 675.10M | 453.30M |
| Total Liabilities | 7.68B | 3.22B | 2.98B | 3.48B | 3.26B | 2.70B |
| Stockholders Equity | 19.23B | 22.52B | 26.65B | 25.18B | 22.19B | 20.22B |
Cash Flow | ||||||
| Free Cash Flow | 0 | -1.18B | -1.64B | -405.90M | 345.50M | 512.00M |
| Operating Cash Flow | 0 | 1.35B | 493.60M | 1.70B | 1.54B | 1.27B |
| Investing Cash Flow | 0 | -954.00M | 10.10M | -1.11B | -730.00M | -363.20M |
| Financing Cash Flow | 0 | -541.60M | -606.80M | -540.00M | -520.80M | -444.30M |
Delta Corp. Ltd. (India) Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DELTACORP, the sentiment is Positive. The current price of 74.22 is below the 20-day moving average (MA) of 77.65, above the 50-day MA of 67.77, and above the 200-day MA of 65.01, indicating a neutral trend. The MACD of 1.04 indicates Positive momentum. The RSI at 50.90 is Neutral, neither overbought nor oversold. The STOCH value of 31.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DELTACORP.
Delta Corp. Ltd. (India) Peers Comparison
Overall Rating
IN:EIHAHOTELS70Outperform
IN:ITCHOTELS67.9Neutral
IN:YATRA67Neutral- IN:DELTACORP66Neutral
IN:MHRIL48Neutral
IN:SPICEJET23Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:EIHAHOTELS | 70Outperform | INR 16.93B | 19.27 | ― | 1.26% | -7.65% | -6.94% |
| IN:ITCHOTELS | 68Neutral | INR 348.41B | 37.23 | ― | 0.60% | 64.77% | 77.60% |
| IN:YATRA | 67Neutral | INR 10.77B | 34.59 | ― | ― | 9.34% | -35.80% |
| IN:DELTACORP | 66Neutral | INR 19.87B | -6.89 | ― | 0.67% | -12.70% | -213.05% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:MHRIL | 48Neutral | INR 36.09B | 65.37 | ― | ― | 7.44% | -58.80% |
| IN:SPICEJET | 23Underperform | INR 11.43B | 32.78 | ― | ― | -14.50% | -239.75% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:DELTACORP | Delta Corp. Ltd. (India) | 74.22 | -2.12 | -2.78% | |
| IN:EIHAHOTELS | EIH Associated Hotels Limited | 277.90 | -103.19 | -27.08% | |
| IN:MHRIL | Mahindra Holidays & Resorts India Limited | 178.60 | -152.35 | -46.03% | |
| IN:SPICEJET | SpiceJet Limited | 7.49 | -29.36 | -79.67% | |
| IN:YATRA | Yatra Online Limited | 68.65 | -74.70 | -52.11% | |
| IN:ITCHOTELS | ITC Hotels Ltd | 167.25 | -47.99 | -22.30% |
Delta Corp. Ltd. (India) Corporate Events
Delta Corp faces ₹116 crore GST demand after Supreme Court ruling on casino valuation
Delta Corp Ltd. and its Goa-based casino subsidiaries have received orders from the Additional Commissioner, Central GST, Goa Commissionerate, raising substantial differential GST demands for the period July 2017 to March 2022. The orders follow a Su...
Delta Corp Publishes AGM, Book Closure and E-Voting Notice
Delta Corp Limited has announced that it has published newspaper advertisements in Financial Express and Loksatta detailing its upcoming Annual General Meeting scheduled for 10 September 2026. The notices also inform shareholders about the book closu...
Delta Corp Moves AGM Online and Urges Shareholders to Update Email Details
Delta Corp Limited has notified the exchanges that, in compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, it has sent letters to shareholders who have not registered their email addresses, providing a web link to access the company&...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 05, 2026