Operates casino gaming and hospitality businesses, primarily in Goa, under the Deltin brand. Casino Gaming is the dominant segment, accounting for 642.59 cr of segment revenue (93.1% share) in the period ending 31 March 2026, with an EBIT margin of 13.7%. The Hospitality Division contributed 47.6 cr (6.9% share) and posted a negative EBIT margin of -4.0%. Casino operations are run from offshore cruise vessels on the River Mandovi in Goa, and the company is seeking court permission for a new cruise vessel to sail into the river. It also operates Deltin Hotel in Goa and has an arrangement being put to shareholder and creditor votes to consolidate Delta Corp, Deltin Hotel and Resorts, Delta Penland, and Deltin Cruises and Entertainment. A prior Online Skill Gaming division was wound down after the Online Gaming Act 2025, which led to a 378.34 cr write-down of online gaming investments. The biggest cost lines in FY26 are other operating expenses (332.01 cr, 48.2% of revenue) and employee costs (169.9 cr, 24.7%), with capex of 253.34 cr (36.8% of revenue) reflecting investment in vessels and properties. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Casino Gaming Division (93%), Hospitality Division (7%). Asset-heavy, cyclical leisure and gaming operator with a single dominant casino segment, no debt, and ongoing regulatory and tax exposure.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 616 | 1,021 | 925 | 730 | 688 |
| EBITDA (ex other income) | 122 | 350 | 343 | 400 | 125 |
| margin % | 19.8 | 34.3 | 37.1 | 54.9 | 18.2 |
| Owners' profit | 67 | 261 | 244 | 249 | 85 |
| EPS, as reported (₹) | 2.51 | 9.77 | 9.12 | 9.30 | 3.19 |
| ROE % · ROCE % | 3.4 · 5.0 | 11.8 · 14.5 | 9.7 · 12.9 | 9.3 · 14.7 | 3.8 · 5.1 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 127 | 154 | 170 | 49 | 135 |
| Capex | (75) | (119) | (211) | (213) | (253) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 188 | 194 | 183 | 184 | 367 | 160 | 161 | 169 |
| Profit before tax | 37 | 29 | 255 | 38 | 72 | 20 | 20 | (279) |
| Net profit | 27 | 36 | 165 | 29 | 55 | 14 | 16 | (213) |
| EPS (₹) | 1.01 | 1.33 | 6.15 | 1.10 | 2.04 | 0.53 | 0.61 | (7.93) |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Casino Gaming Division | 815 | 93.2 |
| Hospitality Division | 39 | 4.5 |
| Hospitality Services | 20 | 2.3 |
| Total, before eliminations | 875 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WONDERLA HOLIDAYS LTD. | 3,312 | 32.5 | 1.84 | — | 4.5 | 5.8 | — | 50.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Delta Corp 35th AGM Proceedings: 50% Dividend, Auditor Appointment | board shareholder meetings | low | — | — |
| 20 Aug 2026 · TDS communication on final dividend Re 0.50 per share for FY 25-26 | compliance | minimal | — | — |
| 19 Aug 2026 · Delta Corp newspaper ad about 35th AGM notice, e-voting and book closure | compliance | minimal | — | — |
| 18 Aug 2026 · Delta Corp 35th AGM on 10 Sep 2026 via video conference | compliance | minimal | — | — |
| 18 Aug 2026 · Delta Corp files BRSR for FY26, casino gaming major, ESG framework evolving | compliance | low | — | — |
| 18 Aug 2026 · Delta Corp files FY26 Annual Report, net profit drops to Rs 85.29 cr | compliance | low | — | — |
| 18 Aug 2026 · Delta Corp 35th AGM on 10 Sep 2026; book closure from 4 Sep | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Delta Corp 35th AGM on Sep 10, 2026; dividend and auditor change on agenda | board shareholder meetings | low | — | — |
| 13 Aug 2026 · NCLT meetings approve Delta Corp composite scheme of arrangement | strategic transactions | high | — | — |
| 13 Aug 2026 · Proceedings of court-convened general meeting on August 13, 2026 | strategic transactions | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| IMAGICAAWORLD ENT LTD |
| 2,962 |
| 209.4 |
| 2.36 |
| 26.0 |
| 0.1 |
| 0.6 |
| 76.3 |
| 52.5 |
| DELTA CORP LIMITED ◆ | 1,452 | — | 0.64 | 8.3 | 3.8 | 4.8 | 10.4 | (158.1) |
| NICCO PARKS & RESORTS LTD | 388 | 77.6 | 3.71 | 437.2 | (2.6) | (1.8) | 30.5 | 1.1 |
| AJWA FUN WORLD & RESORT LTD. | 23 | 2.2 | 0.49 | — | 104.0 | 111.9 | — | — |
| HANMAN FIT LIMITED | 4 | — | — | — | — | (6.7) | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.6 | 2.0 | 10 of 83 | 89% |
| ROCE | 4.8 | 5.4 | 54 of 101 | 47% |
| ROE | 3.8 | 5.8 | 53 of 87 | 40% |
| Debt / Equity | 0.0 | 0.1 | 5 of 87 | 79% |
| EBITDA margin | (158.1) | 23.4 | 83 of 85 | 2% |
| Revenue growth | (8.5) | 12.1 | 75 of 89 | 16% |
| Profit growth | (821.5) | 17.5 | 80 of 83 | 4% |
| Market cap | 1452 | 388 | 36 of 103 | 66% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
