Delta Corp Casino Share Price
4/3/2022 admin
Delta Corp Casino Share Price Average ratng: 4,2/5 2288 reviews
(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.
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. 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. The operating margin of Delta Corp for the current financial year is 045128%. Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Delta Corp is Rs 1.5 and the yield is 0.9276%. Price trends tend to persist, so it's worth looking at them when it comes to a share like Delta. Over the past six months, the relative strength of its shares against the market has been 34.34%. At the current price of ₹132.55, shares in Delta are trading at 29.78% against their 200 day moving average.
(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.
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’.
Delta Corp Casino Share Prices
| 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:
The board has decided that the company will do a buyback of equity shares having a face value of Re. 1 (Indian Rupee One Only) each (the 'Equity Shares'), for an aggregate amount not exceeding Rs. 125 Cr ('Maximum Buyback Size') and at a price not exceeding Rs. 100/- per Equity Share ('Maximum Buyback Price'), payable in cash, from its shareholders / beneficial owners (other than those who are promoters, members of the promoter group or persons in control), from the open market.
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.inHow to Participate in buyback?
In this method of share Buyback, the company will be purchasing stocks from existing shareholders of the company directly from the market. Example: “Delta Corp Limited Buyback 2020” announces the buyback plan of its shares up to the price of Rs 100, it means that the company will be purchasing shares of 'Delta Corp Limited Buyback 2020' from the open market at a price not exceeding Rs.100 per share. Scenario 1- If the share price is below Rs.100 in that case, the company will put buy orders at the current market price and purchase shares. Scenario 2- If the share price is above Rs. 100, in that case, the company will put buy order at Rs. 100 only and if someone is ready to sell at Rs.100 or less then the only company will get back shares.