Delta Corp Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27

Delta Corp Rs 83.07 (5 Oct 2026), up 13% today. 52-week range Rs 48.30 to Rs 87.90. Q1 FY27 net loss Rs 212.4 cr on a GST provision.

The Delta Corp share price target for 2026 is Rs 74 to Rs 88 in the Univest base case, with the stock at Rs 83.07 as of about 2:42 PM IST on 5 October 2026. That is 5.5 percent below its 52-week high of Rs 87.90 and 72.0 percent above its 52-week low of Rs 48.30, and the stock moved up 1.4 percent over the past year. Delta Corp runs casinos in Goa and Sikkim and has a growing hospitality business, and it is described as the only listed casino gaming company in India. Promoters hold 34.5 percent and debt to equity is 0.02.

Three things changed since the last update: the Supreme Court ruled in May that GST is levied on chip sales rather than gross bet value, Q1 FY27 results on 11 August booked a large provision, and the stock rallied from Rs 58 to Rs 83 in three weeks. This Delta Corp stock analysis covers the Delta Corp share price today, the Delta Corp share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Delta Corp buy or sell view.

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What Is the Delta Corp Share Price Target for 2026?

The 2026 target for Delta Corp shares is Rs 74 to Rs 88 in the Univest base case, which is -10.9% to +5.9% against the latest price. The bull case is Rs 108 to Rs 126 and the bear case is Rs 45 to Rs 55. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.

Delta Corp Share Price Target Scenarios: Bull Case, Base Case and Bear Case

Scenario	FY28E Normalised EPS	Target Multiple	Price Target (Rs)	Move vs Rs 83.07
Bull Case	Rs 4.50	24x to 28x	108 to 126	+30.0% to +51.7%
Base Case	Rs 3.50	21x to 25x	74 to 88	-10.9% to +5.9%
Bear Case	Rs 2.50	18x to 22x	45 to 55	-45.8% to -33.8%

Normalised FY28 EPS of Rs 3.50 in the base case is above the Q1 FY27 annualised figure of about Rs 3.1 before exceptional items and assumes casino revenue stabilises and hospitality keeps growing. The bull case needs gaming revenue to recover, and the bear case assumes it keeps falling. The PE multiple does not apply on trailing numbers because of the exceptional GST charge, so the scenarios use a normalised EPS estimate before exceptional items. Those assumptions set the Delta Corp share price target range around the current price.

Delta Corp Company Overview and Share Price Today as of 5 October 2026

Delta Corp share price today is Rs 83.07 on the NSE at about 2:42 PM IST on 5 October 2026, and it changes through the session. The market capitalisation is Rs 1,962 crore, and trailing earnings are negative because of a one-time GST provision. The Univest base case Delta Corp share price target of Rs 74 to Rs 88 is -10.9% to +5.9% from here. The table below sets out the key numbers behind the Delta Corp share price target.

Parameter	Value	Context
NSE Ticker	DELTACORP	BSE code 532848
Sector	Casino gaming and hospitality	Per Univest sector classification
Latest Price (NSE)	Rs 83.07	5 Oct 2026, 2:42 PM IST
52-Week High	Rs 87.90	CMP is 5.5% below
52-Week Low	Rs 48.30	CMP is 72.0% above
1-Year Return	About +1%	Weekly close Rs 81.91 on 3 Oct 2025 to Rs 83.09
Market Capitalisation	Rs 1,962 crore	Small cap gaming company
Trailing P/E	Not applicable (loss after GST provision)	Industry P/E about 36.2x
P/B Ratio	About 0.87x	Book value Rs 84.09 per share
EPS (TTM)	Rs -5.85	Trailing twelve months
Return on Equity	Not applicable (loss after GST provision)	Debt to equity 0.02
Dividend Yield	About 0.68%	Past dividends; none certain
12-Month Target (Base Case)	Rs 74 to Rs 88	Univest base case
Bull Case	Rs 108 to Rs 126	+30.0% to +51.7%
Bear Case	Rs 45 to Rs 55	-45.8% to -33.8%

Track live price, fundamentals and results for Delta Corp on the Univest Screener.

How Did Delta Corp Perform in Q1 FY27?

Delta Corp reported Q1 FY27 consolidated revenue from operations of Rs 168.55 crore, down 8.5 percent, and a net loss of Rs 212.42 crore against a profit of Rs 29.46 crore. The loss includes an exceptional charge of Rs 306.73 crore, and profit before exceptional items and tax was Rs 27.74 crore against Rs 37.57 crore. Together these Q1 FY27 numbers anchor the Delta Corp share price target.

Metric	Q1 FY27	Context
Revenue from Operations	Rs 168.55 crore	Down 8.5% year on year
Net Loss	Rs 212.42 crore	Against profit of Rs 29.46 crore
Exceptional GST Provision	Rs 306.73 crore	Tax Rs 144 crore, interest Rs 148 crore, penalty Rs 14 crore
Profit Before Exceptional Items and Tax	Rs 27.74 crore	Against Rs 37.57 crore
Casino Gaming Revenue	Rs 151.85 crore	Down 12.1%
Hospitality Revenue	Rs 16.55 crore	Up 37.9%

The provision follows the Supreme Court’s 27 May ruling that GST applies on chips sold, applied for July 2017 to September 2023, and the company says it continues to contest parts of the assessment. A Supreme Court hearing on its Daman slot machine licence plea was scheduled for 1 October. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Delta Corp share price target.

Why Did Delta Corp Shares Rally 42 Percent in September 2026?

Delta Corp shares rallied from Rs 58.34 in the week of 14 September to Rs 83.09 today because of heavy buying after a long slide, and the weekly volumes were 8.1 crore, 14.3 crore and 7.8 crore shares. The stock hit a 52-week high of Rs 87.90 in the week of 28 September.

The sources we checked do not confirm a single cause, and a Supreme Court hearing on the Daman licence was due on 1 October. The stock was at Rs 48.30 in March, so the move is large against a loss-making base. The Delta Corp share price target scenarios below account for that move.

Key Catalysts for the Delta Corp Share Price Target in 2026

4 catalysts matter most for the Delta Corp share price target, and sector tailwinds in Casino gaming and hospitality are part of the case. Together they decide whether the base case is reached.

1. GST Clarity

The Supreme Court settled the GST basis, so the remaining uncertainty is smaller. Clarity lowers tail risk for the balance sheet. If it plays out, the Delta Corp share price target moves toward the top of the base range.

2. Daman Licence

The company has a Supreme Court plea for a slot machine licence at its Daman hotel. A favourable ruling would add a new gaming site. Strength here would support the upper end of the Delta Corp share price target.

3. Hospitality Growth

Hospitality revenue grew 37.9 percent to Rs 16.55 crore. A larger hospitality base adds steadier income. Delivery on this point keeps the Delta Corp share price target on track.

4. Cash and Low Debt

Debt to equity is 0.02 and the stock trades near book value of Rs 84. A clean balance sheet cushions a bad year. Better news here would lift the Delta Corp share price target toward the bull case.

What Are the Key Risks to the Delta Corp Share Price Target?

The main risks are falling gaming revenue, tax disputes, thin earnings and a sharp rally. Each can pull the Delta Corp share price target lower.

Falling Gaming Revenue

Casino revenue fell 12.1 percent and segment profit fell 26.9 percent in Q1. A further fall would keep normalised EPS near the bear case. If it materialises, the Delta Corp share price target would slip toward the bear case.

Tax and Legal Risk

The company still contests parts of the GST assessment and the provision shows the cost of the dispute. Further charges would hit book value. This is the main downside risk to the Delta Corp share price target.

Thin Core Earnings

Profit before exceptional items was only Rs 27.74 crore in the quarter. Small earnings make the valuation fragile. A worsening here would cut the Delta Corp share price target toward the low end of the range.

Sharp Rally

The stock is up about 42 percent in three weeks and 13 percent today. A reversal toward Rs 58 would cut 30 percent. Watch it closely, because it can pull the Delta Corp share price target lower quickly.

Delta Corp Stock Analysis: Support and Resistance Levels for the Share Price Target

Delta Corp stock analysis on weekly charts shows a range of Rs 71 to Rs 88 since 29 September, after a jump from Rs 58.

The first support level is Rs 71 to Rs 74, the low of the week of 28 September and today’s open. Below that, Rs 58 marks the base from which the rally started, and a close under Rs 71 would weaken the breakout.

The first resistance level is Rs 85 to Rs 88, today’s high and the 52-week high of Rs 87.90. Above that, the stock would trade above its range of the past year, with no earlier resistance to guide. These levels come from weekly price action, are not trade recommendations, and frame the near-term Delta Corp share price target.

Delta Corp Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term

Short-Term Delta Corp Share Price Target (3 to 6 Months)

In the near term the stock is likely to trade between Rs 71 and Rs 88, from the late-September low to the 52-week high. A close above Rs 88 would open untested ground above the 52-week high, while a break under Rs 71 would put Rs 58 in play. Court news and the Q2 FY27 results are the triggers. This range anchors the near-term Delta Corp share price target.

12-Month and 2027 Delta Corp Share Price Target

The 12-month target price is Rs 74 to Rs 88, valued on 21 to 25 times normalised FY28 EPS of Rs 3.50. The range across scenarios runs from Rs 45 in the bear case to Rs 126 in the bull case.

Long-Term Delta Corp Share Price Target for FY29 to 2030

For FY29 to 2030 the Univest scenario range is Rs 99 to Rs 154. This assumes normalised EPS of Rs 5.50 in FY29 and Rs 7 in FY30 and a multiple of 18 to 22 times. It needs gaming revenue to recover and no new tax charges. This is the long-term Delta Corp share price target in the Univest scenarios.

Bull Case and Bear Case for Delta Corp Share Price Target

Bull Case Rs 108 to Rs 126

The bull case of Rs 108 to Rs 126 for the Delta Corp share price target needs normalised EPS of Rs 4.50 and the market to pay 24 to 28 times for it. It is +30.0% to +51.7% from the latest price.

Bear Case Rs 45 to Rs 55

The bear case of Rs 45 to Rs 55 for the Delta Corp share price target equals 18 to 22 times normalised EPS of Rs 2.50 and sits above the Rs 48.30 low. It is -45.8% to -33.8% from the latest price.

Is Delta Corp a Good Buy at Rs 83.07? Delta Corp Buy or Sell View

Whether Delta Corp is a buy at Rs 83.07 depends on horizon and risk appetite. The base case implies -11 to 6 percent from here, the stock has rallied 42 percent in three weeks, and the open question is core earnings. The Delta Corp share price target range is the starting point for that decision.

Long-term holders may focus on the clean balance sheet, GST clarity and hospitality growth, and treat Rs 71 as the level to watch. Short-term traders may prefer to wait, since the stock is stretched after a 13 percent jump. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Delta Corp buy or sell view is educational.

How to Invest in Delta Corp Shares

Step 1: Check the live price, valuation and the latest Delta Corp share price target range on the Univest Screener.

Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Delta Corp share price target.

Step 3: Search for DELTACORP on the NSE or 532848 on the BSE in your trading app.

Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 45 is bearable.

Step 5: Track gaming revenue, court rulings and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Delta Corp share price target.

Conclusion

Delta Corp closed at Rs 83.07 against a Univest base case share price target of Rs 74 to Rs 88, a bull case of Rs 108 to Rs 126 and a bear case of Rs 45 to Rs 55. Q1 FY27 delivered a net loss of Rs 212.42 crore on a Rs 306.73 crore GST provision, with profit before exceptional items of Rs 27.74 crore and gaming revenue down 12.1 percent. The main risks are falling gaming revenue, tax disputes and a stretched rally.

The stock is 5.5 percent below its 52-week high, so the base case implies roughly -11 to 6 percent from here. The triggers to watch are court news, the Q2 FY27 results and the Rs 71 and Rs 88 levels. Re-check the Delta Corp share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.

Download the Univest iOS App or Univest Android App to track Delta Corp live price and get daily stock recommendations.

FAQs on Delta Corp Share Price Target 2026

What is the Delta Corp share price target for 2026?

Ans. The Delta Corp share price target for 2026 is Rs 74 to Rs 88 in the Univest base case, with a bull case of Rs 108 to Rs 126 and a bear case of Rs 45 to Rs 55. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario. These are estimates and can change after the Q2 FY27 results.

What is the Delta Corp share price target for 2027?

Ans. The Delta Corp share price target for 2027 is Rs 74 to Rs 88 in the base case, valued on 21 to 25 times normalised FY28 EPS of Rs 3.50. The scenario range runs from Rs 45 to Rs 126.

Is Delta Corp a good buy at Rs 83.07?

Ans. Whether Delta Corp is a good buy at Rs 83.07 depends on your horizon, risk appetite and how you read the Delta Corp share price target. Debt is negligible and GST uncertainty has narrowed, but Q1 FY27 showed a net loss, gaming revenue is falling and the stock has rallied sharply. Consult a SEBI-registered advisor before investing.

What are the key risks to the Delta Corp share price target?

Ans. The key risks to the Delta Corp share price target are falling gaming revenue, tax and legal risk, thin core earnings and sharp rally. Casino revenue fell 12.1 percent and segment profit fell 26.9 percent in Q1. A further fall would keep normalised EPS near the bear case.

What are the key catalysts for the Delta Corp share price target?

Ans. The key catalysts for the Delta Corp share price target are gst clarity, daman licence, hospitality growth and cash and low debt. The Supreme Court settled the GST basis, so the remaining uncertainty is smaller. Clarity lowers tail risk for the balance sheet.

Where can I track Delta Corp share price today and Delta Corp share price target updates?

Ans. You can track the live Delta Corp share price, results and any change to the Delta Corp share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.

What are Delta Corp’s 52-week high and low?

Ans. Delta Corp’s 52-week high is Rs 87.90 and its 52-week low is Rs 48.30, based on weekly NSE data. At Rs 83.07 the stock is 5.5 percent below the high and 72.0 percent above the low. Both levels frame the Delta Corp share price target.

How to buy Delta Corp shares?

Ans. Open a demat account with a SEBI-registered broker such as Univest, search for DELTACORP on the NSE or 532848 on the BSE, and place a limit order near your entry price, using the Delta Corp share price target range as a guide. Size the position so a fall to Rs 45 is bearable, and check the live price on the Univest Screener first.