DELTACORP
Delta share price & financials
- Price
- ₹65.95
- Market cap
- ₹1.4k Cr
- Sector
- Consumer Services
What Delta Corp does
Delta Corp Limited, operating under the Deltin brand, is India's largest organised casino gaming operator, running three offshore casino vessels and three land-based casinos across Goa and Sikkim. It earns from live gaming (tables, slot machines, poker) and from allied food, beverage and entertainment offerings at these venues. The company also runs a hospitality arm of casino-integrated hotels in Daman and Goa, which complements the gaming business by housing guests and providing banqueting, dining and event space. Delta Corp exited its online real-money gaming exposure in FY 2024-25, divesting its stake in subsidiary Deltatech Gaming (Adda52) to Head Digital Works.
Segments
- Casino Gaming
- Hospitality
- Casino properties
- 6 casinos (3 offshore vessels + 3 land-based) across Goa and Sikkim
- Total gaming positions (installed capacity)
- ~2,000 across all casinos
- Offshore casino vessels
- 3 - Deltin Royale, Deltin JAQK, King Casino (all in Goa)
- Land-based casinos
- 3 - Deltin Suites Casino and Deltin Zuri (Goa), Deltin Denzong (Sikkim, in partnership with Hotel Welcome Heritage)
- Hotel rooms
- 282 rooms across 2 hotels - The Deltin, Daman (176 rooms) and Deltin Suites, Goa (106 rooms)
- Flagship vessel scale
- Deltin Royale - Asia's largest offshore casino vessel, 5 decks, ~65,000 sq ft, 950+ gaming positions, 120+ live tables
Quarterly results
Q1 FY27: revenue down 8.2%, net profit down 834.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 188 | 187 | 183 | 184 | 183 −3% | 160 −14% | 161 −12% | 169 −8% |
| EBITDA | 34 | 49 | 41 | 39 | 40 +18% | 22 −55% | 28 −32% | 30 −23% |
| Net profit | 27 | 36 | 165 | 29 | 25 −7% | 14 −61% | 16 −90% | -213 −834% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −35.0% 1Y
1Y: ₹83.34 on 10 Sept 2025 → ₹54.15. High ₹84.61 (19 Sept 2025), low ₹49.34 (30 Mar 2026).
Financials, as filed
Revenue fell 11.9% a year over 3 years, FY23 to FY26. Operating margin narrowed to 18.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.0k Cr | ₹929 Cr | ₹736 Cr | ₹688 Cr |
| Operating profit | ₹350 Cr | ₹300 Cr | ₹171 Cr | ₹129 Cr |
| Operating margin | 34.8% | 32.3% | 23.2% | 18.8% |
| Interest | ₹9 Cr | ₹11 Cr | ₹6 Cr | ₹6 Cr |
| Depreciation | ₹59 Cr | ₹62 Cr | ₹52 Cr | ₹47 Cr |
| Net profit | ₹262 Cr | ₹244 Cr | ₹250 Cr | ₹84 Cr |
| Net margin | 26.0% | 26.3% | 34.0% | 12.2% |
| Cash from operations | ₹154 Cr | ₹170 Cr | ₹49 Cr | ₹135 Cr |
| Free cash flow | ₹35 Cr | ₹-40 Cr | ₹-144 Cr | ₹-111 Cr |
| ROCE | 16.0% | 13.0% | 8.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹27 Cr | ₹27 Cr | ₹27 Cr | ₹27 Cr | ₹27 Cr | ₹27 Cr |
| Reserves | ₹1.9k Cr | ₹2.0k Cr | ₹2.2k Cr | ₹2.5k Cr | ₹2.3k Cr | ₹2.2k Cr |
| Borrowings | ₹35 Cr | ₹45 Cr | ₹68 Cr | ₹52 Cr | ₹32 Cr | ₹49 Cr |
| Other liabilities | ₹165 Cr | ₹210 Cr | ₹250 Cr | ₹286 Cr | ₹264 Cr | ₹236 Cr |
| Total liabilities | ₹2.1k Cr | ₹2.3k Cr | ₹2.5k Cr | ₹2.9k Cr | ₹2.6k Cr | ₹2.5k Cr |
| Fixed assets | ₹1.2k Cr | ₹1.2k Cr | ₹1.2k Cr | ₹1.3k Cr | ₹968 Cr | ₹988 Cr |
| Capital work in progress | ₹6 Cr | ₹7 Cr | ₹22 Cr | ₹179 Cr | ₹315 Cr | ₹468 Cr |
| Investments | ₹560 Cr | ₹638 Cr | ₹560 Cr | ₹665 Cr | ₹493 Cr | ₹282 Cr |
| Other assets | ₹334 Cr | ₹435 Cr | ₹744 Cr | ₹721 Cr | ₹804 Cr | ₹799 Cr |
| Total assets | ₹2.1k Cr | ₹2.3k Cr | ₹2.5k Cr | ₹2.9k Cr | ₹2.6k Cr | ₹2.5k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +6.73 pp while DIIs trimmed −6.03 pp. The shareholder count shrank 7% to 3,40,453.
- Promoters
- 34.5%
- FIIs
- 1.2%
- DIIs
- 0.2%
- Public
- 64.1%
Since Jun 2025
- Public +6.73 pp
- DIIs −6.03 pp
- FIIs −1.51 pp
How it drifted, 12 quarters
Over this window the public went from 46.0% to 64.1% — +18.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 33.3%, FIIs 5.1%, DIIs 15.7%, Public 46.0%.Dec '23: Promoters 33.3%, FIIs 1.6%, DIIs 12.2%, Public 53.0%.Mar '24: Promoters 33.3%, FIIs 1.9%, DIIs 8.9%, Public 55.9%.Jun '24: Promoters 33.3%, FIIs 1.4%, DIIs 8.8%, Public 56.5%.Sep '24: Promoters 33.3%, FIIs 1.3%, DIIs 8.6%, Public 56.9%.Dec '24: Promoters 33.3%, FIIs 1.0%, DIIs 8.4%, Public 57.4%.Mar '25: Promoters 33.7%, FIIs 1.5%, DIIs 7.8%, Public 57.1%.Jun '25: Promoters 33.7%, FIIs 2.7%, DIIs 6.3%, Public 57.4%.Sep '25: Promoters 33.7%, FIIs 2.1%, DIIs 2.6%, Public 61.6%.Dec '25: Promoters 34.5%, FIIs 1.6%, DIIs 0.2%, Public 63.7%.Mar '26: Promoters 34.5%, FIIs 1.6%, DIIs 0.2%, Public 63.7%.Jun '26: Promoters 34.5%, FIIs 1.2%, DIIs 0.2%, Public 64.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Delta Corp above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Aarti Pandit Family Private Limited | 11.12% | unchanged |
| Anjali Mody Family Private Limited | 11.11% | unchanged |
| Aditi Mody Family Private Limited | 11.11% | unchanged |
| Jaydev Mukund Mody | 0.92% | unchanged |
| Highland Resorts Llp | 0.08% | unchanged |
| Kalpana Singhania | 0.04% | unchanged |
| Gopika Singhania | 0.04% | unchanged |
| Ambika Suneet Kothari | 0.04% | unchanged |
| Urvi Piramal A | 0.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in DELTACORP
Filings to Jul 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹4 Cr
- 1 schemes
- Biggest holder
- HDFC Large and Mid Cap Fund
- ₹4 Cr · 0.0% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹4 Cr | held | Dec '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Jul 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- -69%
- vs est. average cost
- Held by funds
- ₹4 Cr
- 1 schemes · ≈ 0.29% of the company
Shares held by these funds −97%
Aug '23 6.40 L shares Jul '26
Learn to analyse Delta Corp
Guides on how to read this kind of business and the numbers that matter.