DeltaBOM:532848 -0.22%84 Gross Margin % is 91.86% as of Mar. 2026, which is 17% above its 10-year median of 78.83. GuruFocus rates BOM:532848 with a GF Score™ of 84/100 and a GF Value™ of ₹93.05 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 793 Travel & Leisure companies, Delta ranks better than 84.74% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Delta's Gross Profit for the
three
months ended in Mar. 2026 was ₹1,481 Mil. Delta's Revenue for the
three
months ended in Mar. 2026 was ₹1,613 Mil. Therefore, Delta's Gross Margin % for the quarter that ended in Mar. 2026 was 91.86%.
The historical rank and industry rank for Delta's Gross Margin % or its related term are showing as below:
BOM:532848'
s Gross Margin % Range Over the Past 10 Years
Min: 72.46 Med: 78.83 Max: 91.87
Current: 73.74
During the past 13 years, the highestGross Margin % of Delta was 91.87%. The lowest was 72.46%. And the median was 78.83%.
BOM:532848's Gross Margin % is ranked better than 84.74% of 793
companies
in the Travel & Leisure industry
Industry Median: 43.52
vs BOM:532848: 73.74
Delta had a gross margin of 91.86% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Delta was 5.30% per year.
Delta (BOM:532848) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Delta had a gross margin of 91.86% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Delta Gross Margin % Related Terms
Delta Gross Margin % Historical Data
* Premium members only.
The historical data trend for Delta's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:532848 vs LVS, MGM, WYNN: Gross Margin % Comparison
For the Resorts & Casinos subindustry, Delta's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Delta Gross Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Delta's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Delta's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Delta (BOM:532848) has a Gross Margin % of 91.86% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Delta and its competitors. This is 17% above median its historical median of 78.83. Over the past decade, Delta's Gross Margin % has ranged from 72.46 to 91.87. According to the industry distribution chart, Delta ranks #121 out of 793 companies in the Travel & Leisure industry, placing it in the top 15.3%.
Is Delta's Gross Margin % too high?
Delta's current Gross Margin % of 91.86% is 17% above median its 10-year median of 78.83. Over the past 10 years, this metric has ranged from a low of 72.46 to a high of 91.87. The Travel & Leisure industry median Gross Margin % is 43.52. Delta's value of 91.86% is 111.1% above this industry median. Based on the distribution chart, Delta ranks #121 out of 793 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Delta has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Delta's Gross Margin % compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Delta ranks #121 out of 793 companies for Gross Margin %. This places Delta in the top 15% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 43.52. Delta's value of 91.86% is 111.1% above this benchmark. Historically, Delta's own Gross Margin % has ranged from 72.46 to 91.87 over the past decade. While the company's 10-year median is 78.83 vs. the industry median of 43.52, Delta has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Travel & Leisure company?
The median Gross Margin % among Travel & Leisure companies is 43.52, based on 793 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delta's current Gross Margin % of 91.86% is 111.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Delta and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 43.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta's current Gross Margin % is 91.86%, which is 17% above median its own 10-year median of 78.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delta stock overvalued right now?
Based on GuruFocus' analysis, Delta (BOM:532848) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹93.05, compared to a current price of ₹64.92 — trading 30.2% below its estimated fair value. The current Gross Margin % is 91.86%, which is 17% above median its 10-year median of 78.83 and 111.1% above the Travel & Leisure industry median of 43.52. Delta's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Delta (BOM:532848), the current Gross Margin % is 91.86% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Delta (BOM:532848) Overvalued in 2026?
Based on GuruFocus' analysis, Delta stock appears to be undervalued.
The current stock price of ₹64.92 is trading 30.2% below its estimated GF Value™ of ₹93.05.
GuruFocus considers Delta to be Significantly Undervalued.
Key valuation signals for BOM:532848:
Gross Margin %: 91.86% (17% above median its 10-year median of 78.83)
GF Value™: ₹93.05 vs. price of ₹64.92 (30.2% below fair value)
Industry Position: 111.1% above the Travel & Leisure median (#121 of 793)
No single metric tells the full story. See the BOM:532848 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Delta Corp Ltd is engaged in the Offline casino gaming and Hospitality industry in India. The company's operating segment includes Gaming, and Hospitality. It generates maximum revenue from the Gaming segment. Geographically, it derives a majority of its revenue from India.
84GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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