Delta Corp Casino Share Price
Delta Corp share price rose 11 percent intraday on October 28 on reports of the Goa government allowing casinos to reopen in the state from November 1. At 1416 hours, Delta Corp was quoting at Rs.
(i) Delta Corp Limited (“Delta Corp”) is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. They, along with its Subsidiaries, currently own and operate casinos in India, in the states of Goa and Sikkim, offering approximately 1,800 gaming positions. In addition, they have also ventured into the fast-growing online gaming space through its acquisition of Gauss Networks Private Limited, which operates the online poker site ‘Adda52.com’.
The early-mover advantage has helped Delta Corp to secure a leadership position, with the Company holding three of the six offshore gaming licenses issued in Goa, one land-based casino in Goa and one in Sikkim; and three online gaming sites.
(ii) Delta corp operates Deltin Royale and Deltin JAQK, amongst the country’s two largest offshore casinos, and Deltin Caravela, the only floating hotel with a casino in India. The Company also owns and operates the Deltin Suites, a 106 room, all-suite hotel with a casino located in Goa. They also operate the Casino Deltin Denzong located at the Denzong Regency hotel in Gangtok, Sikkim.
- DELTA CORP share price has plunged 6% and is presently trading at Rs 158. Meanwhile, the BSE 500 Index is at 17,566 (down 1.4%). Among the top losers in the BSE 500 Index today are DELTA CORP (down 5.8%) and MAH. SCOOTERS (down 5.1%).
- A slump in the share price of casino and gaming player Delta Corp has left ace investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala poorer by Rs 244.90 crore in last one year.
- Delta Corp added that it is unable to estimate the quantum of potential losses on account of the impact of this closure and the coronavirus pandemic at this time. The scrip was currently trading 1.45% lower at Rs 84.80. Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India.
They also own and operates The Deltin, a 176 room five-star hotel in Daman, which is an integrated resort with a proposed casino. They also own and operate the online poker site ‘Adda52.com’, the online rummy site ‘Adda52rummy.com’ and the online fantasy sports site ‘LeagueAdda.com’.
| Buyback Type: | Open Market |
| Buyback Opening Date: | Apr 08 2020 |
| Buyback Closing Date: | Oct 07 2020 |
| Buyback Offer Amount: | ₹ 125 Cr |
| Date of Board Meeting approving the proposal: | Mar 28 2020 |
| Date of Public Announcement: | Mar 28 2020 |
| Buyback Offer Size: | 4.61% |
| Price Type: | Open Market |
| FV: | 1 |
| Buyback Price: | ₹ 100 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars( in Cr) | Mar-08 | Mar-09 | Mar-10 | Mar-11 | Mar-12 | Mar-13 | Mar-14 | Mar-15 | Mar-16 | Mar-17 | Mar-18 | Mar-19 |
| Sales + | 103 | 101 | 132 | 376 | 365 | 425 | 559 | 300 | 375 | 455 | 608 | 798 |
| Expenses + | 57 | 60 | 86 | 188 | 264 | 335 | 434 | 237 | 255 | 294 | 361 | 483 |
| Operating Profit | 46 | 41 | 46 | 188 | 101 | 90 | 125 | 63 | 121 | 161 | 246 | 314 |
| OPM % | 45% | 41% | 35% | 50% | 28% | 21% | 22% | 21% | 32% | 35% | 41% | 39% |
| Other Income | 5 | 8 | 11 | 6 | 13 | 18 | 42 | 6 | 12 | 9 | 30 | 36 |
| Interest | 15 | 31 | 31 | 16 | 11 | 15 | 33 | 51 | 41 | 35 | 10 | 2 |
| Depreciation | 2 | 3 | 6 | 6 | 6 | 8 | 17 | 35 | 36 | 36 | 37 | 38 |
| Profit before tax | 33 | 15 | 21 | 172 | 96 | 85 | 117 | -17 | 56 | 99 | 228 | 311 |
| Tax % | 40% | 37% | 39% | 4% | 30% | 40% | 44% | -64% | 36% | 28% | 32% | 37% |
| Net Profit | 16 | 7 | 12 | 166 | 50 | 29 | 35 | -23 | 38 | 74 | 156 | 197 |
| EPS in Rs | 1.06 | 0.36 | 0.59 | 8.11 | 2.11 | 1.22 | 1.51 | 0 | 1.66 | 3.18 | 5.81 | 7.26 |
Source: Screener.inDelta Corp is currently available at P/E of 8.26 based on 2018-19 earnings. The company has never available at this cheap valuation in the last 10 years. How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
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231.30
3.40(1.49%)Change%
23.00401.60
23.00
231.30
3.55(1.56%)Change %
23.00401.30
23.00
| Category | No. Of Shares | Share % |
|---|---|---|
| ForeignPromoters | 0.00 | 0.00% |
| IndianPromoters | 88,797,440.00 | 33.18% |
| Mutual Funds/UTI | 17,897,710.00 | 6.69% |
| FII | 60,701,511.00 | 22.68% |
| Employee | 0.00 | 0.00% |
| Public | 76,255,674.00 | 28.50% |
| Government | 0.00 | 0.00% |
| Others | 23,606,391.00 | 8.82% |
Valuation Measures
| Market Cap / Sales Ratio | 15.08 |
| Basic EPS (Rs.) | 2.28 |
| Cash EPS | 2.79 |
| BVPerShare Excl | 41.19 |
| Operating Revenue | 12.00 |
| PBDITPerShare | 4.40 |
| Dividend | 0.35 |
| NPPerShare | 2.27 |
| Current Ratio | 6.36 |
| Quick Ratio | 6.21 |
| PriceToBV | 4.39 |
| Earnings | 0.01 |
| PBDIT Margin | 36.69 |
| PBT Margin | 27.49 |
| NP Margin | 18.93 |
| Return On Assets | 4.97 |
| Retention Ratios | 91.21 |
| Parameter | Mar-17 (₹ Cr.) | Yoy%change |
|---|---|---|
| Total Income | 282.79 | |
| Total Expenses | 206.40 | |
| EBITDA | 101.99 | |
| PBT | 76.41 | |
| PAT | 52.62 | |
| Net Income | 52.62 |
| Parameter | Mar-18 (₹ Cr.) | 6M % change |
|---|---|---|
| Total Income | 223.63 | |
| Total Expenses | 133.96 | |
| EBITDA | 81.68 | |
| PBT | 86.92 | |
| PAT | 55.80 | |
| Net Income | 0.00 |
Total Assets
Total Assets
| Parameter | Mar-17 (₹ Cr.) | Yoy%change |
|---|---|---|
| Total share capital | 23.16 | |
| Net worth | 954.12 | |
| Investments | 420.36 | |
| Total Liability | 1,058.47 | |
| Total debt | 43.97 | |
| Net block | 205.80 | |
| Total Assets | 1,058.47 |
| Parameter | Mar-17 (₹ Cr.) | 6M % change |
|---|---|---|
| Total share capital | 23.07 | |
| Net worth | 895.79 | |
| Investments | 424.42 | |
| Total Liability | 1,020.52 | |
| Total debt | 49.09 | |
| Net block | 212.33 | |
| Total Assets | 1,020.52 |
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Adani Ports & Special Economic Zone Ltd. | 372 | 373.5 | -0.4 | 372.75418 |
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Binani Industries Ltd. | 87.6 | 88.2 | -0.68 | 8898.8 |
Brahmanand Himghar Ltd. | 4.08 | 4.29 | -4.9 | 4.084.08 |
Delta Corp Casino Share Price Nse
| Parameter | Mar-17(in ₹ Cr.) |
|---|---|
| Cash from operating activities | 81.71 |
| Cash from investing activities | -53.95 |
| Cash from financing activities | -21.35 |
| Net change in cash | 6.41 |
About Management
2007-Arrow Webtex Ltd has appointed Mr. Rajesh Jaggi as a Director of the Company.- Company name has been changed from Creole Holding Co Ltd. to Arrow Webtex Ltd.2008- Once again company name changed from Arrow Webtex Ltd. to Delta Corp Ltd.- The Company has splits its face value from Rs10/- to Rs1/-.2010- Acquisition of stake in M/s. Advani Pleasure Cruise Company Pvt. Ltd amounting to 50.99%.2011- Agreement to acquire stake in M/s. Marvel Resorts Private Limited.- 'Acquisition of majority stake in Daman Hospitality ('THUNDERBIRD RESORTS')'.2012- Delta Corp acquires 11 acre in Sri Lanka to develop 5-star hotel.--Registered Office of the Company has been shifted from Clover Classic, G-4, Ground Floor, North Main Road, Koregaon Park, Pune - 411 001, Maharashtra to Peninsula Centre No. 4, Galaxy Co-Operative Housing Society, Off. Dhole Patil Road, Pune - 411 001, Maharashtra2013-Delta Corp Ltd & its wholly-owned subsidiary, Victor Hotels & Motels Ltd. has received the necessary approvals for commencing its offshore gaming operations on board its casino vessel.2014- Delta Corp Ltd's Luxury resort 'The Deltin' at daman receives 5 star accreditation.-Delta Corp Ltd. - Engagement of Yes Bank Ltd, as a Merchant Banker.-Delta Corp Ltd launches 'The Deltin in Daman, Indias largest Luxury Gaming Resort'.-The Registered office of the company has been shifted from old address to '10, Kumar Place, 2408, General Thimayya Road, Pune - 411001.'2015-Delta Corp Limited's all-suite hotel, Deltin Suites, in Goa receives Five Star accreditation-Delta Corp gets license to operate casino in its Goa hotel.2016-Delta Corp has been granted license by the Government of Goa to operate their vessel 'M V ROYALE FLOTEL -DELTIN CARAVELA' in the Mandovi River.2017-Delta Corp gets a provisional gaming license for Sikkim for operations of a Casino in Gangtok
Registered Office
2nd Floor, Bayside Mall, Tardeo Road, Haji Ali,
22-40794700, 22-40794777,
secretarial@deltin.com
http://www.deltacorp.in
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