By [Jack]
October 2, 2024
Delta Corp Limited (NSE: DELTACORP) is a prominent player in the gaming and hospitality industry, known for its operations in casinos and online gaming. The company has a strong presence in Goa, Sikkim, and Daman, operating various casinos and offering online skill-based gaming platforms.
This article explores Delta Corp’s share price predictions for 2024, 2025, 2030, 2040, and 2050, considering its financial performance, competitors, future plans, and potential risks.
Explore Delta Corp share price targets for 2024, 2025, 2030, 2040, and 2050. Understand its market cap of ₹34.50 trillion, financial outlook, and future growth prospects in the gaming industry.
Company Background
Delta Corp Limited was incorporated in 1990 and is the only listed gaming and hospitality company in India. The company operates both land-based casinos and online gaming platforms, catering to a wide range of customers. Delta Corp also provides hospitality services, running a luxurious floating hotel with an onboard casino. The company’s shares were listed on the stock exchange in 2009, and since then, it has grown steadily in the gaming industry.
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Financial Performance and Market Cap
Delta Corp has faced challenges recently, especially due to large tax notices from the Indian government. However, it remains a leading player in the casino and gaming industry. As of 2024, the company’s market cap stands at ₹34.50 trillion, making it one of the most significant players in its industry.
Financial Summary for FY 2023-24:
| Metric | Value (₹ crore) |
|---|---|
| Revenue | 1,010.48 |
| Net Profit | 244.23 |
| EBITDA | 706.73 |
| Earnings Per Share | 9.12 |
| Market Cap | ₹34.50 trillion |
Summary:
Delta Corp has maintained strong financials despite the challenges posed by the GST notices. With a market cap of ₹34.50 trillion, it remains a major force in the gaming and hospitality sector.
Delta Corp Share Price Target 2024
Given the current market conditions and the company’s business expansion into online gaming, Delta Corp’s share price is expected to see moderate growth in 2024.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2024 | 130 | 205 |
Summary:
In 2024, Delta Corp’s share price is projected to be between ₹130 and ₹205. The company’s focus on growing its online gaming platform will be a key driver of this growth.
Delta Corp Share Price Target 2025
The company’s financial health will depend heavily on the resolution of the GST tax notices. If the company successfully addresses these issues, 2025 could see a rebound in stock prices.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2025 | 190 | 243 |
Summary:
By 2025, Delta Corp’s share price may rise to between ₹190 and ₹243 if it overcomes its current challenges and capitalizes on the growing online gaming market.
Delta Corp Share Price Target 2030
Delta Corp’s expansion in both online and land-based gaming could lead to significant long-term growth by 2030. The company’s dominance in India’s casino market and the increasing acceptance of online gaming may drive this growth.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2030 | 220 | 320 |
Summary:
By 2030, Delta Corp’s share price is expected to be between ₹220 and ₹320, driven by the company’s expansion in online gaming and potential legalizations of more casinos in India.
Delta Corp Share Price Target 2040
As tourism and gaming industries grow, Delta Corp’s operations may see continued expansion in the casino and online gaming segments. If new casinos are legalized in other states, the company’s value could increase.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2040 | 350 | 390 |
Summary:
By 2040, Delta Corp’s stock may range from ₹350 to ₹390, supported by potential new casino licenses and international expansions in gaming.
Delta Corp Share Price Target 2050
Looking forward to 2050, Delta Corp will likely continue its growth trajectory, especially if more states legalize gambling and the company’s online platforms gain further traction.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2050 | 500 | 680 |
Summary:
By 2050, Delta Corp’s share price could rise to between ₹500 and ₹680, driven by continued expansion in gaming operations and potential new opportunities in emerging markets.
Yearly Summary Table for Delta Corp Share Price Target
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2024 | 130 | 205 |
| 2025 | 190 | 243 |
| 2030 | 220 | 320 |
| 2040 | 350 | 390 |
| 2050 | 500 | 680 |
Competitors of Delta Corp
Delta Corp faces competition from both domestic and international gaming companies. Here are five of its main competitors:
- Nazara Technologies: A leading Indian gaming company focusing on mobile and online games.
- Deltin Royale: One of the largest competitors in the land-based casino space in India.
- Adda52 (owned by Gaussian Networks): A dominant player in India’s online poker and card games industry.
- Goa State Lotteries: A government-run competitor in the gaming industry with lottery-based operations.
- Mahindra Holidays: Competing in the hospitality and leisure space, which overlaps with Delta Corp’s hotel business.
Pros and Cons of Delta Corp
Pros
- Gaming Industry Leader: Delta Corp is the only listed gaming company in India, giving it a first-mover advantage in the gaming space.
- Diverse Business Model: The company operates both land-based casinos and online gaming platforms, reducing dependence on a single revenue stream.
- Tourism Growth: As tourism increases in Goa and other locations, Delta Corp’s casino revenues may grow substantially.
Cons
- Regulatory Risks: The gaming industry is highly regulated, and any negative changes in the law or increased taxation could hurt business.
- GST Issues: The company is currently facing significant GST tax notices, which pose a financial risk.
- Market Volatility: Delta Corp’s stock price has been volatile due to legal and regulatory challenges.
Future Plans
Delta Corp has ambitious plans for the future, including:
- Expansion of Casino Operations: The company plans to expand its casino operations by acquiring new licenses and entering untapped markets.
- Growth in Online Gaming: With online gaming gaining traction, Delta Corp is focused on expanding its presence in this sector, particularly with skill-based games.
- Hospitality Expansion: The company plans to enhance its hospitality services by opening more luxury hotels with casinos.
Profit and Loss Statement
Profit and Loss for FY 2023-24:
| Metric | Value (₹ crore) |
|---|---|
| Revenue | 1,010.48 |
| Net Profit | 244.23 |
Summary:
Delta Corp continues to generate substantial revenue despite recent challenges, but the large GST tax liabilities may affect future profits.
Conclusion
Delta Corp remains a strong player in India’s gaming and hospitality sector. However, the company faces significant risks related to regulatory issues and taxation. Investors should watch how the GST case develops, as it will heavily influence the company’s future performance. In the long term, Delta Corp’s diverse business model and potential market expansion offer attractive growth opportunities.
FAQs
- Why is Delta Corp facing challenges?
- Delta Corp has been served with large GST tax notices, which has impacted its financial stability.
- Is Delta Corp a good long-term investment?
- Delta Corp could offer good long-term potential if it resolves its tax issues and continues to expand its gaming operations.
- Who are Delta Corp’s competitors?
- Delta Corp competes with companies like Nazara Technologies, Deltin Royale, and Adda52 in the gaming and hospitality sector.
Disclaimer: This is just an estimate that the share target of Delta Corp can be this much. If you want to invest then talk to an advisor and then invest. News.Homedecore24.com will not take any responsibility if your money is lost. Please invest money at your own risk.
