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| Name of Company | Delta Corp Ltd |
| BSE Code | 532848 |
| NSE Code | DELTACORP |
| ICICI Code | |
| Established | |
| My Take | Dislike |
| Headquarters | Pune |
| Promoters | Mody family |
| Story | This counter has been bought by almost everyone who follows Jhunjhunwala's investment blindly. The company views real-estate oppurtunities in Kenya, Unganda, Tanzania (a 40:60 partnership with a wholly owned subsidiary of Reliance). Owns Highstreet which has some gaming businesses. Jhunjhunwala says this counter is attractive because of the gaming licenses. |
| Sector | Miscellaneous |
| Sub-sector | Real-estate, Gaming, Aviation, hospitality |
| Website | |
| Positives | 48% promoter holding – none pledged. Listed in 2007, regular dividends from 2008(not much yield at current prices). Good reserves at 239 Cr reported in FY10 for a 54 Cr revenue. |
| Negatives | Unexplainable valuations, very near its 52 week high. Moving to new highs with huge volumes everyday. 175 Cr debt (FY10) seem high for 54 Cr revenue, but this can be managed by the 239 Cr reserves. |
| Peers | |
| News | |
| Price @ blogged | 121 (10-Nov-10) |
| Cost of company | 2021 Cr market cap for 13.57 Cr FY10 profit makes it 148 times. |
Nov 11, 2010
Delta Corp Ltd - 532848
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