Investors in this casino gaming company have reaped multibagger returns in the last two years!

Investors in this casino gaming company have reaped multibagger returns in the last two years!

by 5paisa Research Team Last Updated: Dec 11, 2022 - 02:52 pm 28.6k Views
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Compared to the S&P BSE 500 index, the company’s share price appreciation is 2.8 times the returns delivered by the index, of which the company is a part.

Delta Corp Ltd, an S&P BSE 500 company, has made it to the list of multibagger companies, becoming investors' favourite. During the last two years, the company’s share price has made steady gains of over 230%. During this period, the company’s share price has gone from Rs 68.55 on 11 May 2022 to Rs 228.85 on 11 May 2022. An investment of Rs 1 lakh in this stock two years ago would have turned to Rs 3.33 lakh today.

Delta Corp Limited, a flagship company of the Group, is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. The company was set up in 1990 as a textiles and real estate consultancy company. Today, it has evolved into diversified segments like Casino gaming, Online gaming, Hospitality and Real estate.

The company, along with subsidiaries, currently owns and operates casinos in the states of Goa and Sikkim. It also started an international casino in Nepal, offering approximately 2,000 gaming positions. The company holds three of the six offshore gaming licenses issued in Goa, one land-based casino in Goa and one in Sikkim; and two online gaming sites.

In the recent quarter Q4FY22, on a consolidated basis, the company’s net revenue increased by 3.3% YoY to Rs 218.32 crore. However, the bottom line decreased by 15.58% YoY to Rs 48.18 crore.

The company is currently trading at a TTM PE of 91.36x, as against the industry PE of 61.89x. In FY22, the company delivered an ROE & ROCE of 3.37% and 5.14%, respectively.

At 3.09 pm, the shares of Delta Corp Ltd were trading at Rs 221, a decrease of 3.43% from the previous day’s closing price of Rs 228.85 on BSE. The stock has a 52-week high & low of Rs 339.50 and Rs 147.70, respectively on BSE.

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