Delta Corp Share Price

Delta Corp Limited is an India-based company involved in casino gaming. The Company takes part in a variety of formats for games, such as online, electronic, and live encounters. It operates in three segments, including casino gaming, online skill gaming, and hospitality The share price on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries. 

Delta Corp stock price is impacted by various factors such as earnings, regulatory changes, GST imp͏lications, and tourism footfall. In the longer run,͏ strategies such as͏ asset expansion, operating efficiency, and regulatory compliance influence stock market sentiment. All these factors need to be monitored closely to have an ͏idea about Delta Corp stock price movements.  

Delta Corp live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant ͏monitoring of Delta Corp live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market. 

Furthermore, monitoring the Delta Corp share͏ price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook. 

Delta Corp Limited Company Fundamentals

Delta Corp Limited Company Background 

Delta Corp Limited is the flagship company of the group and the only listed entity in India engaged in the casino gaming industry. Incorporated in 1990 as a textiles and real estate consultancy company, it has gradually expanded its operations into diversified business segments that include casino gaming, hospitality, and real estate. Over the years, the company has established an early presence in the organised gaming and entertainment sector in India, which has contributed to its current market position. Delta Corp focuses on creating long-term value for its employees, shareholders, customers, and the wider community, with a workforce of over 2,000 employees and a shareholder base exceeding 250,000. During FY 2020, the company reported consolidated net revenue of over INR 800 crore and EBITDA of over INR 300 crore. Along with its subsidiaries, Delta Corp owns and operates casinos in the Indian states of Goa and Sikkim. It holds three of the six offshore gaming licences issued in Goa, operates one land-based casino in Goa, and another in Sikkim. Its operations include offshore casinos such as Deltin Royale, Deltin JAQK, and Kings Casino, as well as hospitality assets including Deltin Suites in Goa, Casino Deltin Denzong in Gangtok, and The Deltin hotel in Daman. 

Delta Corp Company Product Lines 

Gaming Business – Products & Operations 

Goa Operations 

Deltin Royale (Offshore Casino) 

• Five-deck offshore gaming vessel 
• 970 gaming positions 
• 120 live gaming tables 
• 60+ slot machines 
• Four VVIP and VIP gaming suites 
• Dedicated poker facility (Royale Poker Room) 
• Dining and entertainment area spanning about 10,000 sq. ft. 
• Multi-cuisine restaurant 
• Lounge bar 
• Rooftop bar 
• Creche and children’s playroom 

Deltin JAQK (Offshore Casino) 

• Four-deck offshore gaming vessel 
• Gaming area of approximately 40,000 sq. ft. 
• About 430 gaming positions 
• 50+ live gaming tables 
• 15 slot machines 
• Separate VIP and VVIP gaming rooms 
• Two suites for high-value players 
• Gourmet restaurant 
• Entertainment lounge 
• Aqua bar 
• Creche and children’s playroom 

Kings Casino (Offshore Casino) 

• Boutique luxury offshore casino 
• Gaming area of around 25,000 sq. ft. 
• 217+ gaming positions 
• 32+ live gaming tables 
• Six all-suite rooms and two duplex suites 
• Open-air restaurant 
• Spa and health club 
• Jacuzzi facilities 

Onshore Casino at Deltin Suites, Goa 

• Land-based casino operational since December 2015 
• Dedicated gaming area of about 1,000 sq. ft. 
• 59+ gaming positions 
• 7+ live gaming tables 
• Around 10 slot machines 
• Located within a five-star hotel property 
• Two restaurants, lounge bar, spa, gym, and swimming pool 

Sikkim Operations 

Casino Deltin Denzong, Gangtok 

• Land-based casino operational since January 2019 
• Located at Welcome Heritage Denzong Regency 
• 206 gaming positions 
• Gaming area exceeding 15,000 sq. ft. 
• Separate VIP gaming area 
• Approved casino gaming facility outside Goa 

Gaming Infrastructure 

Jetties 

• Noah’s Ark jetty with bar facilities 
• Floating bar 
• Valet parking 
• Reception and restroom facilities 
• Fisheries jetty with waiting lounge 
• Common jetty at Reis Magos with direct access from North Goa 
• Premium waiting areas 
• Complimentary speedboat transfers 

Feeder Boats 

• Used for customer, staff, and supply transport 
• Seating capacity of 19 passengers 
• Length overall: 11.05 metres 
• Maximum speed: 36 knots 
• Twin outboard engines 

Hospitality Products 

• Deltin Suites, Goa – A 106-room, five-star all-suite hotel in Goa with modern amenities (restaurants, lounge bar, spa, gym, swimming pool).  
• The Deltin, Daman – A 176-room five-star integrated resort property in Daman with banquet space, bars, specialty restaurants, event facilities, and retail area (casino operations subject to regulatory approval) 

Delta Corp Company Revenue Model 

Core Casino Gaming Revenue 

• Revenue from gaming operations at offshore casino vessels in Goa (entry charges and gaming activities including live tables and electronic games).  
• Revenue from onshore casino operations within hotel and integrated properties (gaming fees and related services).  
• Income derived from VIP gaming areas and premium suites at casino properties.  
• Ancillary revenue related to casino activities such as charges for tournaments and special gaming events.  

Hospitality and Services Revenue 

• Revenue from hotel accommodation and room charges at owned hospitality properties.  
• Income from food and beverage services provided to guests at restaurants, bars, and lounges within casino and hotel properties.  
• Revenue from ancillary guest services and recreational amenities tied to hospitality operations.  

Online Skill Gaming Revenue 

• Revenue from online skill-gaming platforms operated or held by the company through digital channels.  
• Income streams from platform fees and service charges on online poker and other skill-based games.  

Licensing and Related Revenue 

• Revenue associated with licensing of gaming operations under regulatory permissions and fees linked to gaming licenses.  

Bundled and Integrated Offerings 

• Revenue from combined offerings or packaged services that bundle gaming with hospitality or entertainment services.  

Other Ancillary Business Streams 

• Miscellaneous revenue associated with casino infrastructure (such as transport services to offshore vessels) and guest amenities.  
• Income from strategic partnerships or joint ventures related to gaming or entertainment offerings. 

Delta Corp Geographic Presence 

• Goa, India – Core location for major casino gaming operations including offshore and onshore casinos, and hospitality assets.  
• Sikkim, India – Location of a land-based casino operation servicing the eastern region.  
• Daman, India – Site of an integrated hospitality resort with a proposed casino (regulatory approval pending).  

Corporate & Support Locations 

• Mumbai, Maharashtra, India – Corporate office and registered office location.  
• Panjim (Goa) – Regional office and operational contact presence for gaming and hospitality assets.  

Delta Corp Leadership  

Some of the key leaders of Delta Corp as of January 2006 are as follows 

• Ashish Kapadia – Managing Director 
• Dilip Vaidya – Company Secretary, Compliance Officer, Vice President (Secretarial) 
• Anil Malani – President, Chief Financial Officer 
• Manoj Jain – Chief Operating Officer 
• Chetan Desai – Non-Executive Director 
• Vrajesh Udani – Independent Director 
• Tara Subramaniam – Independent Director 
• Jaydev Mody – Chairman (Non-Executive) 
• Pankaj Razdan – Independent Director 

Delta Corp Key Milestones 

• 1990 – Incorporated as Creole Holdings Company Private Limited on November 5. 
• 1992 – Converted into a deemed public limited company following share acquisition by the Finolex Group; renamed Creole Holdings Company Ltd. 
• 2003 – Status changed back to a private limited company. 
• 2006–07 – Arrow Webtex Ltd merged with the company under a scheme of amalgamation, effective retrospectively. 
• 2007 – Company renamed Arrow Webtex Limited. 
• 2008 – Name changed to Delta Corp Limited. 
• 2006–08 – Expansion of narrow woven fabric division and entry into gaming, hospitality, aviation, and real estate through subsidiaries and acquisitions. 
• 2007–08 – Establishment of offshore gaming vessels including Casino Royale Goa and King’s Casino on the Mandovi River. 
• 2008–09 – Textile business demerged into Arrow Textiles Ltd; commencement of flight charter services. 
• 2009 – Commencement of Casino Royale operations; change in shareholding following strategic acquisition. 
• 2014–18 – Restructuring through divestment and consolidation of multiple subsidiaries and joint ventures. 
• 2016–17 – Entry into Sikkim through partnership with Welcome Heritage Denzong Regency; casino licence obtained. 
• 2018–20 – Expansion into Nepal through casino operations; buyback of equity shares approved by the Board. 
• 2020–21 – Changes in associate company structure; addition of shipyard-related associate entity. 
• 2022–23 – Amalgamation of Daman-based hospitality entities; launch of Deltin Zuri, a land-based casino in South Goa. 
• 2024–25 – Board approval and revision of demerger plans to realign hospitality and real estate development, including the Dhargalim project in Goa. 

Industry Perspective 

Delta Corp Limited operates within the Indian gaming and casino industry, a segment of the broader entertainment and gambling market that includes live casino gaming, electronic gaming, and online gaming platforms. The Indian casinos and casino games market is poised for growth, with projected revenue reaching around US $1.01 billion by 2025 and a forecast CAGR of approximately 4.1 % from 2025 to 2029. User engagement levels and penetration are expected to increase steadily during this period, reflecting a rising consumer base interested in both land-based and digital gaming experiences. On a broader scale, the Indian online gambling market — which includes sports betting, casino games, and poker — is anticipated to expand significantly, with projections indicating growth at a CAGR near 13.7 % through 2030. This growth is driven by increasing internet penetration, mobile usage, and a young, tech-savvy population, although regulatory developments could influence future patterns. Globally, the casino gaming industry continues to grow, supported by technology innovations and experiential tourism. The sector’s evolution suggests increased opportunities in integrated resort offerings, digital enhancements, and enhanced leisure experiences that blend hospitality with gaming 

Delta Corp stands to benefit from rising discretionary spending, growth in regulated casino tourism, and increasing acceptance of organised gaming in India. Expansion of integrated resorts, stable licensing in Goa and Sikkim, and higher tourist inflows support utilisation. Digital skill-gaming adoption, operating leverage from scale, and hospitality synergies can improve margins and diversify revenue over time, while disciplined capital allocation and compliance reduce regulatory risk. 

Delta Corp Limited Stock Market Presence: Listings & Index Representation 

Delta Corp Limited is an established entity in the Indian stock market, listed on major exchanges such as NSE (DELTACORP) and BSE (532848). Its inclusion in prominent indices like S&P BSE Consumer Discretionary Goods & Services, S&P BSE SmallCap, S&P BSE AllCap, and S&P BSE 500 underscores the company’s significance in India’s leisure and gaming sector. 

Delta Corp stock price is tracked by investors. Its inclusion in these indices reflects its market capitalisation and operational scale in a niche sector. Listing on NSE and BSE ensures liquidity, while index presence drives institutional awareness within the consumer discretionary space. 

Delta Corp Stock Performance and Delta Corp Share Price History 

Delta Corp share price on NSE and BSE reflects its status as a key player in the leisure sector. Performance is driven by casino revenue, regulatory clarity, tourism trends, and profitability. Investors compare Delta Corp share price today with broader indices and sector peers to gauge relative performance. 

These underlying factors are often visible through real market movements across different periods. Similar trends are observed during earnings-driven movements. Broader economic cycles affecting discretionary spending have also played a role in supporting Delta Corp share price. In addition to operational and sector-led factors, market sentiment around regulatory changes can also have a significant impact on Delta Corp share price movements short-term even when a company’s fundamentals remain stable. This shows how external developments can trigger short-term swings, even within a business framework influenced by policy, tourism, and taxation. 

While short-term movements reflect events and announcements, longer-term valuation trends are visible through Delta Corp share price 52-week high and low, providing context beyond daily or weekly changes. Highs indicate periods of strong operational performance and positive regulatory sentiment, while lows align with market corrections, sector-specific headwinds, or regulatory uncertainties. These levels capture impacts of policy changes, earnings visibility, and consumer demand, providing context for the stock’s historical performance. 

Delta Corp’s stock performance reflects the trading behaviour of a prominent company operating within India’s regulated gaming and hospitality industry. The company’s focused portfolio of casinos and allied services has shaped its Delta Corp share price history. Over time, the stock has shown periods of significant gains and phases of consolidation. 

The late 2000s witnessed volatility, with the Delta Corp stock price falling 37.16% in 2008, influenced by the global financial crisis, before rising 40.40% in 2009 as markets recovered. The Delta Corp share price surged 132.43% in 2010, reflecting strong post-crisis recovery and business growth. Between 2011 and 2013, the Delta Corp share price experienced mixed performance, declining 47.82% in 2011 due to broader market pressures, then rising 31.27% in 2012 and 30.19% in 2013 on improving fundamentals. The Delta Corp share price decreased 18.59% in 2014 and 10.92% in 2015, impacted by regulatory concerns and slower growth. 

A major rally occurred in 2017, with the Delta Corp share price soaring 165.83%, driven by strong earnings growth and positive market sentiment towards the sector. This momentum continued into early 2018, with the stock reaching its highest end-of-day price of INR 363.05 on January 23, 2018. However, the Delta Corp share price declined 17.12% for the full year 2018 and 20.82% in 2019, as regulatory overhangs and the introduction of GST weighed on sentiment. The Delta Corp stock price fell another 16.32% in 2020 due to COVID-19 pandemic disruptions, which severely impacted tourism and operations. 

A strong recovery followed in 2021, with the Delta Corp share price increasing 61.10%, as post-pandemic reopening boosted demand. However, renewed challenges led to consistent declines from 2022 onward. The Delta Corp share price decreased 17.17% in 2022, 31.86% in 2023, 26.22% in 2024, and 36.70% in 2025. These declines were primarily driven by sustained regulatory pressures, significant increases in GST liability, and ongoing legal uncertainties surrounding the industry, which overshadowed operational recovery. In 2026, the Delta Corp share price has seen a decrease of 4.17% year-to-date, continuing the trend of cautious investor sentiment towards the sector. 

Delta Corp Limited Investor Relevance and Role in Portfolio 

Delta Corp offers exposure to India’s niche gaming and hospitality sector, attracting investors seeking specialized leisure industry allocation. Its inclusion in indices like the S&P BSE SmallCap reflects its role within the consumer discretionary segment. The company’s asset ownership and market position make it a specific choice for portfolios targeting this unique industry. 

Delta Corp equity is held by a mix of promoters, domestic institutions, and international funds. Top institutional stakeholders include Aarti Pandit Family Private Limited, Delta Real Estate Consultancy Pvt. Ltd., Aditi Mody Family Private Limited, HDFC Asset Management Company Limited, Dimensional Fund Advisors LP, Investor Education and Protection Fund (IEPF), Highland Resorts Private Limited, American Century Investment Management Inc, BNY Asset Management, and Motilal Oswal Asset Management Company Limited. 

Prominent mutual fund holders include HDFC Mutual Fund – HDFC Multi Cap Fund, HDFC Large and Mid Cap Fund, DFA Investment Dimensions Group Inc. – Emerging Markets Core Equity Portfolio, DFA Investment Trust Company – Emerging Markets Small Cap Series, Dimensional Emerging Markets Value Fund, Dimensional ETF Trust – Dimensional Emerging Core Equity Market ETF, Dimensional ETF Trust – Dimensional Emerging Markets Value ETF, Dimensional Funds ICVC – Dimensional Emerging Markets Core Equity Fund, Dimensional Funds II Plc – Emerging Markets Targeted Value Fund, and American Century ETF Trust – Avantis Emerging Markets Equity ETF. 

Beyond fundamentals and ownership, Delta Corp’s stock is monitored in derivatives markets, where open interest and F&O quotes reflect expectations on operational performance and regulatory developments. Technical indicators such as RSI and MACD provide additional insight into short-term momentum shifts in Delta Corp stock price. 

Delta Corp’s beta indicates its volatility relative to the market. The long-term beta is 1.31. Over different periods, the beta shows variation: a daily one-month range beta of 1.01, a daily three-month range beta of 0.885, a weekly one-year range beta of 1.45, a weekly two-year range beta of 1.45, a two-week two-year range beta of 1.34, and a monthly two-year range beta of 1.08. These figures, with a mean of 151.26 and a standard deviation of 9.40 across calculations, suggest the stock has experienced periods of volatility higher than the market, particularly over weekly horizons, reflecting sensitivity to sector-specific news and regulatory events. 

Delta Corp Limited Sectoral Relevance and Peer Positioning 

Delta Corp’s sector relevance stems from its scale in offshore casino operations and hospitality, establishing it as a key player in India’s leisure and gaming ecosystem. Peer positioning within the consumer discretionary space involves comparisons with other leisure companies, focusing on asset ownership, revenue streams, regulatory compliance, and profitability rather than short-term stock moves. These benchmarks help investors assess operational scale and niche market positioning. Institutional tracking of gaming volume, tourism trends, and regulatory developments further highlights the company’s specific importance within India’s broader leisure markets. 

Delta Corp market cap has shown significant volatility, reflecting its sector’s cyclical and regulatory nature. Starting at ₹8.28 billion in 2007, it fell 50.55% to ₹4.09 billion in 2008. A strong recovery followed, with market cap rising 51.07% to ₹6.19 billion in 2009 and surging 187.84% to ₹17.82 billion in 2010. After a 37.12% drop to ₹11.20 billion in 2011, growth resumed, reaching ₹23.71 billion by 2013. The cap declined over the next two years before a major 222.6% jump to ₹81.91 billion in 2017. A multi-year decline began in 2018, with the market cap falling from ₹68.69 billion that year to ₹17.62 billion in 2026, marking a -6.33% change from 2025’s ₹18.81 billion. 

Delta Corp’s earnings history reveals periods of high growth and significant swings. From ₹1.25 billion in 2012, earnings grew to ₹1.41 billion in 2013, a 12.81% increase. A sharp 88.01% decline to ₹0.16 billion occurred in 2014, followed by a 313.97% surge to ₹0.70 billion in 2015. Steady growth continued, with earnings reaching ₹3.12 billion by 2019. The pandemic caused a -114.8% change, resulting in a loss of ₹0.47 billion in 2020. A strong rebound saw earnings hit ₹3.39 billion in 2022, a 193.22% increase. Earnings were ₹3.06 billion in 2023 and ₹2.30 billion in 2024, before a significant 85.56% rise to a TTM earning of ₹4.27 billion in 2025. 

Delta Corp EPS has followed a trajectory similar to its overall earnings. In the last five reported fiscal years, consolidated EPS was -₹0.90 in March 2021. It turned positive at ₹2.51 in March 2022, reflecting a positive change. EPS saw substantial growth to ₹9.77 in March 2023, a 289.24% increase. It moderated slightly to ₹9.12 in March 2024, a -6.65% change, before rising again to ₹9.30 in March 2025, a 1.97% increase. Earlier data shows EPS was ₹6.78 in 2017, growing 36.21% to ₹9.24 in 2018. The latest TTM EPS figure is reported at ₹4.25. 

Delta Corp P/E ratio has experienced wide fluctuations, highlighting changing market valuations. In March 2022, the P/E ratio was notably high at 131.77. It normalized to 18.50 in March 2023, an -85.96% change, and further declined to 12.13 in March 2024, a -34.43% change. The P/E ratio decreased again to 8.95 in March 2025, a -26.22% change. Historical annual data shows the P/E ratio was 60.2 at the end of 2017, falling -43% to 34.3 by the end of 2018. The current TTM P/E ratio as of January 2026 is 14.3. These shifts correspond to changes in Delta Corp share price relative to its earnings. 

Summary 

Delta Corp Limited is a prominent player in India’s gaming and hospitality sector. The Delta Corp share price is influenced by operational performance, tourism trends, and regulatory developments. The company is listed on key stock exchanges and included in several indices. Its stock performance shows periods of significant growth and decline, reflecting the sector’s unique dynamics. A range of institutional and mutual fund investors hold the stock, which exhibits variable volatility compared to the market. Key financial metrics like market cap, earnings, EPS, and P/E ratio have shown considerable variation over the years.