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Delhivery Ltd (DELHIVERY) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 543529 NSE: DELHIVERY | Logistics | Small Cap

Delhivery Share Price

465.50 -4.45 (-0.95%)
As on 13-Apr'26 16:59

Delhivery Ltd (DELHIVERY)

BSE: 543529 NSE: DELHIVERY
Key Metrics
Market Cap
₹34,852 Cr.
P/E Ratio
148.97
Price to Book (P/B)
3.43
Price to Sales (P/S)
3.81
EV/EBITDA
31.91
Return on Capital Employed (ROCE)
2.42%
Current Price
₹465.5
Return on Equity (ROE)
1.22%
Return on Assets (ROA)
0.93%
Operating Profit Margin
4.5%
Net Profit Margin
1.36%
Gross Profit Margin
8.5%
Book Value per Share
₹135.7
Sales Growth (YoY)
10.71%
Sales Growth (3 Years)
11.77%
Operating Profit Growth (1 Year)
109.93%
Operating Profit Growth (3 Years)
N/A%
Net Profit Growth (1 Year)
NA%
52-Week Low / High
₹247 / 490
Net Profit Growth (3 Years)
N/A%
Dividend Yield
0.00%
Promoter Holding
0.00%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1 Revenue growth of Delhivery Ltd?
Delhivery Ltd revenue growth is 10.7% for FY-2025 , which is below its 5 year CAGR of 24.3% , indicating slower growth.
Q.1 Promoter shareholding and pledge status of Delhivery Ltd?
Promoters hold 0.00% of the Delhivery Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Revenue growth of Delhivery Ltd vs industry peers?
Delhivery Ltd revenue CAGR is 24.33% , compared to the industry median CAGR of 0.00% , indicating faster growth and gaining its market share.
Q.1 Which industry/sub-sector does Delhivery Ltd belong to?
Delhivery Ltd belongs to the Transportation & Logistics sector, operating specifically within the Logistics segment.
Q.1 Stock return of Delhivery Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 12.72% based on the current price.

DeciZen - make an informed investing decision on Delhivery

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Delhivery stock performance

Key Ratios
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Is Delhivery Ltd an attractive stock to invest in?


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10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Delhivery Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -110.6%0%0%-254.5%-6.8%-8.1%-15.9%-8.9%-0.8%2.4%-
Value Creation
Index
-10.8NANA-23.6-1.6-1.7-2.1-1.8-1.1-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4967381,0191,6542,7773,5005,9116,6597,4548,2529,147
Sales YoY Gr.-48.8%38.1%62.2%67.9%26%68.9%12.7%12%10.7%-
Adj EPS -33.2-66.3-71.8-185.1-27.6-18.6-10.2-11.1-1.92.33.1
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 33.2-162.1-233.2342.8308163.390.4124122.9125.7135.7
Adj Net
Profit
-317-632-688-1,774-269-310-652-805-136172234
Cash Flow from Ops. -346-430-218-337-64313.5-441-40.3521528-
Debt/CF from Ops. -0.2-0-0.2-0.3-0.422.4-0.7-4.90.20.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 36.7%24.3%11.8%10.7%
Adj EPS NANANANA
BVPS16%-16.4%11.6%2.3%
Share Price - - 12.7% 80.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-129.3104.837-285.1-8.2-10.2-14.4-10.2-1.41.82.4
Op. Profit
Mgn %
-60.7-78.3-66.4-102.7-6.1-1.4-2.7-5.82.44.57.3
Net Profit
Mgn %
-63.9-85.6-67.5-107.3-9.7-8.9-11-12.1-1.82.12.6
Debt to
Equity
0.2-0-000.10.10.1000-
Working Cap
Days
147222240161174204147222249196110
Cash Conv.
Cycle
1812-53-292825922261879

Recent Performance Summary

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Latest Financials

Standalone Consolidated
TTM EPS (₹) 3.1 2
TTM Sales (₹ Cr.) 9,147 9,850
BVPS (₹) 135.7 127.8
Reserves (₹ Cr.) 10,085 9,492
P/BV 3.43 3.64
PE 148.97 228.03
From the Market
52 Week Low / High (₹) 247.45 / 489.95
All Time Low / High (₹) 236.80 / 708.45
Market Cap (₹ Cr.) 34,852
Equity (₹ Cr.) 74.9
Face Value (₹) 1
Industry PE 34.6

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Delhivery - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales4967381,0191,6542,7773,5005,9116,6597,4548,252
Operating Expenses + 7971,3161,6973,3522,9473,5486,3707,0487,2777,880
Manufacturing Costs4489022423772,0892,5354,0385,0155,1215,665
Material Costs0000610172200
Employee Cost 1652002793554865551,1771,2171,3091,296
Other Costs 1852151,1762,620366448982814846919
Operating Profit -301-578-677-1,698-169-48-459-389178373
Operating Profit Margin (%) -60.7%-78.3%-66.4%-102.0%-6.1%-1.4%-7.8%-5.8%2.4%4.5%
Other Income + 27135141209199170331475471
Exceptional Items 000-13-20-66-2-11-74-87
Interest 31312194989948688125
Depreciation 40534792254353478657659519
Profit Before Tax -317-631-684-1,781-284-356-864-812-168113
Tax 0000000000
Profit After Tax -317-631-684-1,781-284-356-864-812-168113
PAT Margin (%) -63.9%-85.4%-67.2%-107.0%-10.2%-10.2%-14.6%-12.2%-2.3%1.4%
Adjusted EPS (₹)-33.2-66.2-71.4-185.0-29.3-21.8-13.5-11.2-2.31.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 332-1,545-2,2353,3243,0272,7025,8019,0369,0529,373
Share Capital 171140403764737475
Reserves 315-1,546-2,2363,2842,9872,6655,7378,9638,9799,298
Debt +63114164190216214114402
Long Term Debt11936100132114114402
Short Term Debt631032299184100000
Minority Interest0000000000
Trade Payables114132185155270413673783770839
Others Liabilities 542,4283,1491788561,2901,4421,5921,9802,216
Total Liabilities 5631,0271,1393,7224,3444,6218,13011,52611,84312,430

Fixed Assets

Net Fixed Assets +93601001897401,0491,4371,5361,9652,563
Gross Block1381532344061,1981,5412,3712,8543,6024,472
Accumulated Depreciation45931342174584929341,3171,6371,909
CWIP 1061277760232933
Investments 1222112841,1601,1971,1633,7063,9454,6155,350
Inventories001723182625191616
Trade Receivables113951622126025737751,4021,2881,310
Cash Equivalents 4715751,660395254178602362253
Others Assets 1875055654771,3671,4801,9493,9983,5682,904
Total Assets 5631,0271,1393,7224,3444,6218,13011,52611,84312,430

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -346-430-218-337-64313-441-40521528
PBT -317-631-684-1,781-284-356-864-812-168113
Adjustment 264525001,6382284651,129788688508
Changes in Working Capital -79-236-28-171-542-78-6995527-69
Tax Paid 0-15-6-23-45-17-7-72-26-23
Cash Flow From Investing Activity + -181-101-139-935-934286-2,895-3,428-147-107
Capex -115-20-93-157-209-212-531-588-468-524
Net Investments 0000-811513-762-2,907129173
Others -66-81-46-77885-15-1,60266191244
Cash Flow From Financing Activity + 5476842062,927-17-1123,2473,557-364-430
Net Proceeds from Shares 5077441742,8901453,3903,91054
Net Proceeds from Borrowing 00001013222-22-74-86
Interest Paid -2-8-3-9-49-89-93-86-87-125
Dividend Paid 0000000000
Others 42-523546-71-100-72-246-208-223
Net Cash Flow 21154-1511,655-1,594187-898811-9

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-139.27N/AN/A-339.31-9.06-12.6-20.4-10.95-1.861.22
ROCE (%)-110.55N/AN/A-254.46-6.78-8.09-15.91-8.94-0.822.42
Asset Turnover Ratio1.270.930.940.680.70.810.940.680.640.7
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/A4.67
Working Capital Days
Receivable Days61514641525941596556
Inventory Days0064322111
Payable Days0000001,151000

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Announcements

Delhivery Ltd FAQs

The current trading price of Delhivery on 13-Apr-2026 16:59 is ₹465.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2026 the market cap of Delhivery stood at ₹34,851.7 Cr

The latest P/E ratio of Delhivery as of 12-Apr-2026 is 149.0.

The latest P/B ratio of Delhivery as of 12-Apr-2026 is 3.43.

The 52-week high of Delhivery is ₹489.9 and the 52-week low is ₹247.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Delhivery is ₹9,147 ( Cr.) .

About Delhivery Ltd

Delhivery was incorporated as ‘SSN Logistics Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana, at New Delhi (RoC) on June 22, 2011. Subsequently, the name of the company was changed to “Delhivery Private Limited”, pursuant to a fresh certificate of incorporation issued by the RoC on December 8, 2015. On the conversion of the Company to a public limited company, pursuant to a resolution passed by its Shareholders on September 29, 2021, the name of the company was changed to “Delhivery Limited” and a fresh certificate of incorporation dated October 12, 2021 was issued by the RoC.

Delhivery is the largest and fastest growing fully-integrated logistics player in India. The company provided supply chain solutions to a diverse base of Active Customers (excluding those serviced by Spoton) such as e-commerce marketplaces, direct-to-consumer e-tailers and enterprises and SMEs across several verticals such as FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive and manufacturing. This is achieved through high quality logistics infrastructure and network engineering, a vast network of domestic and global partners and significant investments in automation, all of which are orchestrated by the company’s self-developed logistics operating system that is guided in real-time by deep sources of proprietary network and environmental data. Together, these create powerful, intersecting flywheels that drive strong network synergies within and across its services and enhance its value proposition to customers.

Business area of the company

Delhivery provides a full range of Logistics services, including delivery of express parcel and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software. The company also offers value-added services such as e-commerce return services, payment collection and processing, installation & assembly services, and fraud detection.

Services 

  • Express Parcel
  • Warehousing
  • Part Truckload
  • Full Truckload
  • Cross Border
  • Data Intelligence
  • Software Platform

Major events and milestones

  • 2011: Incorporation of Company as a logistics services provider.
  • 2011: Launch of Transportation Management System.
  • 2013: Launch of Warehouse Management System.
  • 2013: Commencement of fulfilment business.
  • 2014: Launch of Netplan, network design tool.
  • 2015: Launch of Addfix, address resolution engine.
  • 2015: Launch of automated sorters in network.
  • 2015: Commencement of self-managed express surface line-haul network.
  • 2016: Commencement of part truckload services (PTL service offering).
  • 2016: Launch of ‘Constellation’, partner managed last mile delivery network.
  • 2018: Commencement of Truckload services (TL service offering).
  • 2018: Commencement of cross border service offering.
  • 2018: PaaS (Platform as a Service) soft launch in Sri Lanka and Bangladesh.
  • 2019: Commencement of Supply Chain Services.
  • 2019: Acquisition of Aramex’s India assets.
  • 2019: Entered into partnership with UPS.
  • 2019: Launch of tractor trailers in network.
  • 2019: Opened the Delhivery USA office.
  • 2020: Acquisition of Roadpiper Technologies Private Limited.
  • 2020: Launch of 3 mega trucking terminals in Tauru (Haryana), Bhiwandi (Maharashtra) and Bengaluru (Karnataka).
  • 2021: Acquisition of the business of Primaseller Inc.
  • 2021: Entered into a strategic alliance with FedEx.
  • 2021: Acquisition of Spoton Logistics Private Limited.
  • 2021: 1 billion express parcel shipments delivered since incorporation.
  • 2021: Acquisition of Transition Robotics, Inc. by Delhivery Robotics LLC.
  • 2022: Investment in Falcon Autotech Private Limited.
  • 2023: Launched Training & Recruitment Program.
  • 2023: Partnered with Mystore to provide express parcel shipping for rural entrepreneurs nationwide.
  • 2023: Launched Delhivery One - a digital shipping platform experience designed to meet the diverse needs of micro and small enterprises.
  • 2023: Launched ‘LocateOne’ - a location intelligence solution, to expand its software offerings on the OS1 platform.
  • 2023: Operationalized largest mega-gateway in Bhiwandi.
  • 2024: Entered into partnership with SUGAR Cosmetics, a home-grown beauty brand to spearhead its pan-India B2B logistic operations.
  • 2024: Launched Rapid Commerce - a sub 2-hour delivery service for brands looking to fulfill the increasing demand for faster order deliveries by consumers.
  • 2025: Partnered with Hindustan Petroleum Corporation to manage nationwide distribution of HPCL’s branded lubricants, known as HP Lubricants, to its various stakeholders. 
  • 2025: Received approval from Competition Commission of India (CCI) for proposal to acquire a majority stake in Ecom Express for about Rs 1,400 crore.
  • 2025: Launched On-demand Intracity shipping on the Delhivery Direct app in Delhi-NCR and Bengaluru after a successful pilot launch in Ahmedabad.
  • 2025: Setup Lucknow Gateway Hub.
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