Delta Corp Share Price Target 2022, 2023, 2024, 2025, 2030

Delta Corp Share Price Target 2022, 2023, 2024, 2025, and 2030: Hi! I hope everyone is fine there and achieving some highs in their respective field.

In this article, we will provide you with deep insights into Delta Corp’s company. Recently share of Delta Corp is heavily corrected and now many retail investors are looking to invest in this script. We will give you the right knowledge about whether the investment in this company share is a thing of profit or loss.

Apart from all of the above, we will try to predict the Delta Corp Share Price Target 2022, 2023, 2024, 2025, and 2030. So, keep reading to know all about this company.

Delta Corp Share Price Target 2022, 2023, 2024, 2025, and 2030

Delta Corp Share Price Target

Delta Corp. Ltd. the largest gaming company in India was incorporated under the name Creole Holdings Company Pvt Ltd on November 5, 1990.

The company headquarter is located in Pune, Maharastra. Mr. Jaydev Mody is the Chairman of Delta Corp Ltd.

Business Model of Delta Corp Ltd.

Delta Corp Ltd is the largest gaming company in India. Entering the gaming business in 2008, the company has captured a lion’s share of the Indian gaming market through its five casinos in Goa and Sikkim (where gambling is legal).

The company is the only listed company engaged in the casino industry in India.

Delta Corp owns three of the six offshore and one onshore gaming license in the state of Goa. The company has the following business segments:

Gaming and Entertainment:

The company operates three live offshore casinos in Goa, namely Deltin Royale, Deltin JAQK, and Deltin Caravela. The company also operates an electronic onshore casino in its hotel, Deltin Suites in Goa, and a live onshore casino called Casino Deltin Denzong in Sikkim.

Approx. 43.1% of revenue comes from this segment.

Hospitality:

Delta Corp Ltd. currently owns and operates two properties in Goa – Deltin Suites and Deltin Palms.

Delta also has a hotel in Daman, The Deltin. Apart from all of these, it has a 33.77% stake in Advani Hotels and Resorts (India) Ltd., the holding company of Ramada Caravela Beach Resort in Goa.

Approx. 13.50% of revenue comes from this segment.

Online Gaming:

Delta Corp has entered into the online gaming business by acquiring Gauss Networks Pvt Ltd, which owns Play Poker Online games in India at Adda52.com | Get 500 Bonus Now.

This gaming website offers a rummy and fantasy league, along with poker.

Approx. 43.50% of revenue comes from the online gaming segment.

Related:

Delta Corp Share Price Target 2022

Currently, the company stock price is in the range of ₹190-₹210. Market Capitalization is stood at ₹ 5,322.15 Cr. That is the company is a small-cap company.

Sector P/E is 113.08 and Delta Corp P/E is 80.88. In the last quarter, the company posted good results. On a continued basis, Delta corp needs to increase its sales value.

Delta Corp Share Price Target 2022
First Target ₹217
Second Target ₹235

Delta Corp Share Price Target 2023

The company is engaged in the operation of casinos. Its segments include real estate, gaming, hospitality, and others.

Delta Corp operates its gaming and hospitality businesses under the DELTIN brand. The company owns three casinos in Goa, including Deltin Royale, Deltin JAQK, and Deltin Caravela.

The business portfolio of the company is unique and diversified.

Delta Corp Share Price Target 2023
First Target ₹266
Second Target ₹285

Delta Corp Share Price Target 2024

The Casino business itself creates entry barriers for new players due to the hurdle of license. It is a very strong point in the favour of the company.

Also, the casino business in India is underpenetrated. In the future, it will grow faster.

Delta Corp Share Price Target 2024
First Target ₹333
Second Target ₹360

Delta Corp Share Price Target 2025

The company needs to expense a high amount on marketing. This marketing expenditure highly impacts its profit margins. As an investor, you always keep all these things.

Delta Corp is working on a new project under which it will come into operation by 2023, within which the company will generate revenue of ₹400-450 crores at a cost of ₹200 crores.

The company also planning to execute its project Delta Entertainment city.

Delta Corp Share Price Target 2025
First Target ₹390
Second Target ₹425

Delta Corp Share Price Target 2030

In the long term, these types of businesses can perform very well, but with a High Risk. Mr. Rakesh Jhunjhunwala is very bullish on this script and holding a very big stake in this company.

If the business of the company outperforms then these given targets may be on the higher side.

Delta Corp Share Price Target 2030
First Target ₹825
Second Target ₹860

Strengths of Delta Corp

Financials strengths:

  • The company is virtually debt-free.
  • The company has a healthy interest coverage ratio of 34.65.
  • The Company has been maintaining an effective average operating margin of 31.08% in the last 5 years.
  • Delta Corp has an efficient Cash Conversion Cycle of -288.40 days.
  • The company has a healthy liquidity position with a current ratio of 12.25 and a Quick ratio of 12.04.
  • The company has good cash flow management – CFO/PAT stands at 1.10.
  • Free cash flow per share is 2.03

Other strengths:

  • Strong business model.
  • Casino gaming in India has several entry barriers, with licensing being the biggest hurdle.
  • The Indian gaming industry is at the emerging stage, which creates a huge opportunity for Delta Corp.

Weaknesses of Delta Corp

  • The company has shown a poor profit growth of -6.03% for the past 3 years.
  • Delta Corp has shown poor revenue growth of -18.72% for the past 3 years.
  • The company had a poor ROE of 6.65% over the past 3 years.
  • Low promoter holding.

Threats:

  • There is very high uncertainty about the renewal of the Casino business.
  • High expenditure on marketing.

Shareholding pattern of Delta Corp

Public 49.63%
Promoters0% 33.23%
FII 0%
DII 17.15%
Others 0%

Annual Reports of the company –

Competitors of Delta Corp

Quess Corp, RattanIndia Ent, TeamLease Services, and SIS are some major competitors of the company.

Related :

Delta Corp India Price Target 2022, 2023, 2024, 2025, 2030

Delta Corp Share Price Targets
First Target (2022) ₹217
Second Target ₹235
First Target (2023) ₹266
Second Target ₹285
First Target (2024) ₹333
Second Target ₹360
First Target (2025) ₹390
Second Target ₹425
First Target (2030) ₹825
Second Target ₹860

Final Thoughts

Delta Corp has a unique business model for online gaming and casino. But the company needs to expand its business and execute its project successfully.

But if you are planning to invest your hard-earned money in this stock then always keep eye on Licence renewal and government policies.

If the company passes all the hurdles then Delta Corp can be turnout a multi beggar stock.

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Disclaimer – In this article we have just evaluated the company also we are not a SEBI registered advisor. We have not provided any investment advice on this stock. Before doing any investment please research yourself or take the advice of your financial advisor.

FAQ :

  1. Who is the owner of Delta Corp?

    Jaydev Mody – Gambler-turned-gaming entrepreneur & promoter of Delta Corp bets on casinos.

  2. What does Delta Corp do?

    Delta Corp Ltd. brought world-class gaming, entertainment, and hospitality that is tailored to suit Indian customers and the Indian lifestyle. The company engaged in casino gaming, with 2,000+ live gaming positions and with state-of-the-art offshore and onshore casinos.

  3. Is Delta Corp a debt-free company?

    Yes, the company is a debt-free company.

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