Delta Corp Limited (DELTACORP.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-28.2%

₹53.19

vs ₹74.11 price

Levered DCF

-₹48.04

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

1.73

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	17.03×	9.25×	13.69×	18.5×	131.49×	-180.17×	9.54×	37.02×
P/B	0.64×	0.68×	1.33×	2.18×	4.36×	2.23×	0.91×	3.75×
P/S	2.11×	2.48×	3.61×	5.01×	14.3×	10.36×	2.29×	9.13×
EV / EBITDA	8.53×	3.79×	8.17×	12.03×	54.75×	109.2×	5.55×	20.35×
Gross margin	43.2%	91.2%	58.7%	52.5%	43.1%	94.8%	94.1%	95.2%
Operating margin	12.2%	18.8%	51.3%	54.5%	12.7%	-7.5%	29.6%	35.3%
Net margin	12.4%	34.1%	26.4%	27.1%	10.9%	-5.8%	24.0%	24.7%
Current ratio	2.13×	4.94×	3.55×	4.65×	4.33×	4.67×	5.87×	6.3×
Debt / equity	0.02×	0.01×	0.02×	0.03×	0.02×	0.02×	0.02×	0×
Interest coverage	14.07×	24.92×	42.98×	54.68×	13.26×	-5.76×	45.25×	158.43×
Dividend yield	2.3%	1.9%	1.0%	0.7%	0.3%	0.0%	4.0%	0.7%
Payout ratio	39.2%	13.4%	13.7%	12.8%	39.8%	0.0%	37.8%	26.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.8%	9.3%	9.7%	11.8%	3.3%	-1.2%	9.5%	10.1%
Return on invested capital	2.7%	3.9%	13.5%	17.9%	2.6%	-1.6%	8.2%	9.1%
Return on assets	3.3%	8.4%	8.5%	10.3%	2.9%	-1.1%	8.7%	9.4%
Free cash flow yield	-8.1%	-9.1%	-1.2%	0.7%	0.6%	1.0%	14.3%	0.6%
Earnings yield	5.9%	13.8%	7.3%	5.4%	0.8%	-0.6%	10.5%	2.7%
Enterprise value	₹14.2B	₹17.5B	₹32.7B	₹47.7B	₹87.6B	₹43.2B	₹17.2B	₹72.1B
Net debt / EBITDA	-0.17×	-0.12×	-0.19×	-0.15×	-0.32×	-0.62×	-0.17×	-0.21×
Cash conversion cycle (days)	35	12	14	1,019	1,304	1,647	709	798