Delhivery Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Low debt relative to equity (D/E 0.2x)
- Near 52-week low — potential value zone (₹365)
Concerns
- Negative return on equity (ROE -0.2%)
- Low capital efficiency (ROCE 1%)
- Premium to sector peers (P/E 232x vs industry 38.9x)
Today's Price Action
The stock closed at ₹385, unchanged from the previous session. Trading volume matched the 20‑day average at 8,86,614 shares, indicating a neutral market participation today. The level also aligns closely with the 52‑week low, implying limited upside unless fundamentals shift.
Valuation Snapshot
The price‑to‑earnings multiple stands at 232, far exceeding the sector average of zero, reflecting a high valuation relative to earnings. Return on equity is negative at –0.21%, suggesting the company is presently eroding shareholder value. With a price‑to‑book of 0, the balance sheet appears understated, and the sector‑wide P/E of 0 highlights the lack of comparable peers.
Key Levels to Watch
The current price sits near the lower end of the 52‑week range, with the recent low of ₹366 providing immediate support and the upper band of ₹524 acting as a potential ceiling. Open‑interest data is not disclosed, so technical resistance must be inferred from price history alone. Absent open‑interest figures, traders often watch the ₹400 psychological barrier as a secondary resistance zone.
Data Summary
Market capitalisation is reported as zero crore, while the price‑to‑book ratio of 0 underscores a thin balance‑sheet footprint. Volume and price stability combine to portray a stock that is trading flat without significant catalyst. Given the zero‑cruze market cap, the company likely operates with a minimal equity base, which can amplify earnings volatility in the current fiscal quarter.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIPORTS Adani Ports and Special Economic Zone Limited | ₹1,761 | ₹3.9L Cr | 29.5 | 4.23 | 16.4 | 14.1 | 0.85 |
| INDIGO InterGlobe Aviation Limited | ₹4,690 | ₹1.8L Cr | 37.4 | 26.06 | -27.1 | 5.24 | 8.67 |
| GMRAIRPORT GMR AIRPORTS LIMITED | ₹90 | ₹92K Cr | 164 | -34.5 | — | 11.6 | -15.17 |
| JSWINFRA JSW Infrastructure Limited | ₹— | ₹74K Cr | 47.5 | — | 15.3 | 13.6 | 0.52 |
| CONCOR Container Corporation of India Limited | ₹418 | ₹31K Cr | 25.2 | 2.46 | 9.81 | 12.6 | 0.07 |
| REDINGTON Redington Limited | ₹— | ₹28K Cr | 15.6 | 1.84 | 16.9 | 18.4 | 0.27 |
| GESHIP The Great Eastern Shipping Company Limited | ₹— | ₹21K Cr | 5.7 | 1.28 | 15.9 | 15.8 | 0.06 |
Showing 7 peers in the same sector · Sorted by market cap
Corporate Events
To consider and approve the Unaudited Financial Results for the quarter and half year ended September 30, 2026
To consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company, for the quarter ended June 30, 2026
To consider and approve the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026
Annual General Meeting
Latest News
All newsDelhivery to host earnings call on October 30, 2026
*Delhivery to host earnings call on October 30, 2026.* The company will discuss its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. Investors will watch for guidance on margins and delivery volumes. Key updates expected on cost optimization and expansion plans. 📊 *STOCKS:* $DELHIVERY | 🏢 *SECTOR:* Logistics | #MEDIUMIMPACT #Earnings
Delhivery partners with Bajaj Auto to electrify last-mile fleet
*Delhivery partners with Bajaj Auto to electrify last-mile fleet.* The collaboration aims to deploy electric vehicles across Delhivery’s delivery network, enhancing rider safety and earnings. The move supports Delhivery’s sustainability goals and operational efficiency. Financial terms were not disclosed. 📊 *STOCKS:* DELHIVERY | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #Partnership
Delhivery launches AI-powered logistics mapping suite
*Delhivery launches AI-powered logistics mapping suite.* The company unveiled Delhivery Maps, India’s first AI-native mapping suite built on commercial logistics telemetry. This innovation aims to enhance route optimization and delivery efficiency using real-time data. The move strengthens its tech-driven logistics positioning in a competitive market. 📊 *STOCKS:* DELHIVERY | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Logistics
Delhivery wins Golden Peacock Award for corporate governance
*Delhivery wins Golden Peacock Award for corporate governance*. The award recognizes excellence in corporate governance practices. This is an acknowledgment of internal governance standards, not a financial or operational update. **No financial figures** or strategic changes were disclosed. 📊 *STOCKS:* $DELHIVERY | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Awards
Delhivery publishes e-voting details for 15th AGM
*Delhivery publishes e-voting details for 15th AGM.* The company has released the newspaper publication copy regarding e-voting arrangements for its **15th Annual General Meeting**. This is a routine compliance disclosure following the dispatch of the AGM notice. Shareholders can participate and vote electronically as per the specified timeline. 📊 *STOCKS:* $DELHIVERY | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
Goldman Sachs buys 40 lakh Shiprocket shares via bulk deal
*Goldman Sachs buys 40 lakh Shiprocket shares via bulk deal.* Shares surged over **8%** following the bulk acquisition. The deal highlights strong investor interest in the logistics tech firm despite its parent company, Delhivery, facing market challenges. Bulk deals by FIIs often signal confidence. 📊 *STOCKS:* DELHIVERY | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #BulkDeal
Delhivery hosts analyst and investor meet
*Delhivery hosts analyst and investor meet* to discuss recent performance and strategy. The company provided updates on operations and financial outlook during the con-call. No major announcements or guidance changes were disclosed. 📊 *STOCKS:* $DELHIVERY | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AnalystMeet
Delhivery files general updates with SEBI
*Delhivery files general updates with SEBI.* This is an intimation under Regulation 30 of SEBI (LODR) Regulations, 2015. Such routine disclosures are standard for listed companies. No financial or operational impact indicated. 📊 *STOCKS:* $DELHIVERY | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Regulation
Fundamentum launches ₹2,200 crore Fund III with Nilekani anchor
*Fundamentum launches ₹2,200 crore Fund III with Nandan Nilekani as anchor investor.* The fund aims to invest in high-growth Indian tech and digital sectors. This marks a significant capital commitment to late-stage startups. Fundamentum previously backed companies like Delhivery and BigBasket. 📊 *STOCKS:* | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #FundRaising
Delhivery publishes postal ballot advertisement in newspaper
*Delhivery publishes postal ballot advertisement in newspaper* as part of a corporate compliance process. The notice pertains to a shareholder vote conducted via postal ballot. Such filings are routine and do not indicate immediate business changes. Investors are informed of procedural transparency. 📊 *STOCKS:* DELHIVERY | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateAction
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.8K Cr 9.6% | ₹2.6K Cr 11.6% | ₹2.3K Cr 4.7% | ₹2.2K Cr 7.8% | ₹2.4K Cr 8.6% | ₹2.2K Cr 0.8% | ₹2.2K Cr 4.6% | ₹2.1K Cr |
| Op. Profit | ₹209 Cr 207.4% | ₹68 Cr 51.8% | ₹141 Cr 18.5% | ₹119 Cr 19.0% | ₹100 Cr 96.1% | ₹51 Cr 46.9% | ₹96 Cr 108.7% | ₹46 Cr |
| OPM | 7.0% 159.3% | 2.7% 55.0% | 6.0% 20.0% | 5.0% 19.0% | 4.2% 82.6% | 2.3% 47.7% | 4.4% 120.0% | 2.0% |
| Net Profit | ₹40 Cr 180.0% | ₹-50 Cr 154.9% | ₹91 Cr 24.7% | ₹73 Cr 192.0% | ₹25 Cr 150.0% | ₹10 Cr 81.5% | ₹54 Cr 179.4% | ₹-68 Cr |
| EPS (₹) | 0.53 179.1% | -0.67 154.9% | 1.22 25.8% | 0.97 185.3% | 0.34 142.9% | 0.14 81.1% | 0.74 179.6% | -0.93 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹10.5K Cr 17.6% | ₹8.9K Cr 9.7% | ₹8.1K Cr 12.7% | ₹7.2K Cr 5.0% | ₹6.9K Cr 88.7% | ₹3.6K Cr 31.1% | ₹2.8K Cr 68.1% | ₹1.7K Cr |
| Expenses | ₹9.9K Cr 15.3% | ₹8.6K Cr 6.7% | ₹8.0K Cr 4.4% | ₹7.7K Cr 4.3% | ₹7.4K Cr 95.2% | ₹3.8K Cr 27.7% | ₹3.0K Cr 9.8% | ₹3.3K Cr |
| Op. Profit | ₹640 Cr 70.2% | ₹376 Cr 196.1% | ₹127 Cr 128.1% | ₹-452 Cr 4.8% | ₹-475 Cr 286.2% | ₹-123 Cr 28.1% | ₹-171 Cr 89.4% | ₹-1.6K Cr |
| OPM | 6.0% 42.9% | 4.2% 162.5% | 1.6% 126.7% | -6.0% 14.3% | -7.0% 105.9% | -3.4% 43.3% | -6.0% 93.9% | -98.0% |
| Other Income | ₹340 Cr 23.1% | ₹442 Cr 0.7% | ₹439 Cr 37.6% | ₹319 Cr 104.5% | ₹156 Cr 4.0% | ₹150 Cr 27.5% | ₹207 Cr 404.9% | ₹41 Cr |
| Interest | ₹144 Cr 14.3% | ₹126 Cr 41.6% | ₹89 Cr 0.0% | ₹89 Cr 11.0% | ₹100 Cr 12.4% | ₹89 Cr 81.6% | ₹49 Cr 36.1% | ₹36 Cr |
| Depreciation | ₹695 Cr 29.9% | ₹535 Cr 25.9% | ₹722 Cr 13.1% | ₹831 Cr 36.0% | ₹611 Cr 72.1% | ₹355 Cr 38.7% | ₹256 Cr 50.6% | ₹170 Cr |
| PBT | ₹140 Cr 10.8% | ₹157 Cr 164.3% | ₹-244 Cr 76.8% | ₹-1.1K Cr 2.3% | ₹-1.0K Cr 147.4% | ₹-416 Cr 54.6% | ₹-269 Cr 84.9% | ₹-1.8K Cr |
| Tax % | -9.0% 200.0% | -3.0% 250.0% | 2.0% 150.0% | -4.0% 100.0% | -2.0% | 0.0% | 0.0% | 0.0% |
| Net Profit | ₹153 Cr 5.6% | ₹162 Cr 165.1% | ₹-249 Cr 75.3% | ₹-1.0K Cr 0.3% | ₹-1.0K Cr 143.0% | ₹-416 Cr 54.6% | ₹-269 Cr 84.9% | ₹-1.8K Cr |
| EPS (₹) | 2.04 6.0% | 2.17 164.2% | -3.38 75.6% | -13.83 12.2% | -15.75 36.7% | -24.89 9.3% | -27.44 85.2% | -185.76 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|---|
Liabilities | |||||||||
| Equity Capital | ₹75 Cr 0.0% | ₹75 Cr 0.0% | ₹75 Cr 1.4% | ₹74 Cr 1.4% | ₹73 Cr 14.1% | ₹64 Cr 3100.0% | ₹2 Cr 104.1% | ₹0.98 Cr 2.1% | ₹0.96 Cr |
| Reserves | ₹9.6K Cr 1.7% | ₹9.5K Cr 1.0% | ₹9.4K Cr 3.2% | ₹9.1K Cr 0.4% | ₹9.1K Cr 54.5% | ₹5.9K Cr 110.5% | ₹2.8K Cr 10.5% | ₹3.1K Cr 6.5% | ₹3.3K Cr |
| Borrowings | ₹1.5K Cr 10.9% | ₹1.6K Cr 15.5% | ₹1.4K Cr 21.6% | ₹1.2K Cr 26.7% | ₹923 Cr 16.2% | ₹1.1K Cr 4.3% | ₹1.2K Cr 45.1% | ₹794 Cr 76.4% | ₹450 Cr |
| Other Liabilities | ₹1.6K Cr 6.4% | ₹1.5K Cr 26.5% | ₹1.2K Cr 6.1% | ₹1.1K Cr 4.5% | ₹1.1K Cr 8.6% | ₹1.2K Cr 85.1% | ₹644 Cr 49.1% | ₹432 Cr 63.6% | ₹264 Cr |
| Total Liabilities | ₹12.8K Cr 0.6% | ₹12.7K Cr 5.3% | ₹12.1K Cr 5.3% | ₹11.5K Cr 2.3% | ₹11.2K Cr 35.6% | ₹8.3K Cr 79.4% | ₹4.6K Cr 5.5% | ₹4.4K Cr 7.2% | ₹4.1K Cr |
Assets | |||||||||
| Fixed Assets | ₹5.4K Cr 1.1% | ₹5.5K Cr 41.3% | ₹3.9K Cr 15.9% | ₹3.4K Cr 12.0% | ₹3.0K Cr 1.9% | ₹3.1K Cr 189.8% | ₹1.1K Cr 41.5% | ₹744 Cr 52.5% | ₹488 Cr |
| CWIP | ₹1 Cr 96.0% | ₹25 Cr 24.2% | ₹33 Cr 13.8% | ₹29 Cr 26.1% | ₹23 Cr 61.7% | ₹60 Cr 22.1% | ₹77 Cr 140.6% | ₹32 Cr 3100.0% | ₹1 Cr |
| Investments | ₹3.0K Cr 12.4% | ₹2.6K Cr 26.4% | ₹3.6K Cr 28.9% | ₹2.8K Cr 32.6% | ₹2.1K Cr 0.1% | ₹2.1K Cr 85.4% | ₹1.1K Cr 5.1% | ₹1.2K Cr 2.9% | ₹1.2K Cr |
| Other Assets | ₹4.4K Cr 3.6% | ₹4.5K Cr 0.4% | ₹4.6K Cr 13.8% | ₹5.3K Cr 12.9% | ₹6.1K Cr 99.4% | ₹3.0K Cr 30.3% | ₹2.3K Cr 2.3% | ₹2.4K Cr 1.0% | ₹2.4K Cr |
| Total Assets | ₹12.8K Cr 0.6% | ₹12.7K Cr 5.3% | ₹12.1K Cr 5.3% | ₹11.5K Cr 2.3% | ₹11.2K Cr 35.6% | ₹8.3K Cr 79.4% | ₹4.6K Cr 5.5% | ₹4.4K Cr 7.2% | ₹4.1K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹911 Cr 60.7% | ₹567 Cr 20.1% | ₹472 Cr 1673.3% | ₹-30 Cr 87.6% | ₹-241 Cr 4920.0% | ₹5 Cr 100.8% | ₹-634 Cr 160.9% | ₹-243 Cr |
| Investing CF | ₹-474 Cr 364.7% | ₹-102 Cr 3.0% | ₹-99 Cr 97.1% | ₹-3.4K Cr 24.3% | ₹-2.7K Cr 911.2% | ₹338 Cr 136.2% | ₹-933 Cr 0.6% | ₹-939 Cr |
| Financing CF | ₹-532 Cr 23.1% | ₹-432 Cr 18.0% | ₹-366 Cr 110.3% | ₹3.5K Cr 21.9% | ₹2.9K Cr 2074.1% | ₹-147 Cr 764.7% | ₹-17 Cr 100.6% | ₹2.9K Cr |
| Net Cash Flow | ₹-94 Cr 384.8% | ₹33 Cr 312.5% | ₹8 Cr 92.0% | ₹100 Cr 223.5% | ₹-81 Cr 141.3% | ₹196 Cr 112.4% | ₹-1.6K Cr 194.5% | ₹1.7K Cr |
| Free Cash Flow | ₹506 Cr 450.0% | ₹92 Cr 2200.0% | ₹4 Cr 100.6% | ₹-624 Cr 20.0% | ₹-780 Cr 219.7% | ₹-244 Cr 71.2% | ₹-847 Cr 112.3% | ₹-399 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 48d 17.2% | 58d 9.4% | 64d 16.9% | 77d 45.3% | 53d 11.7% | 60d 24.1% | 79d 68.1% | 47d |
| Inventory Days | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 48d 17.2% | 58d 9.4% | 64d 16.9% | 77d 45.3% | 53d 11.7% | 60d 24.1% | 79d 68.1% | 47d |
| Working Capital Days | 37d 45.6% | 68d 37.6% | 109d 38.8% | 178d 334.1% | 41d 53.9% | 89d 1.1% | 88d 319.0% | 21d |
| ROCE | 1.0% 50.0% | 2.0% 200.0% | -2.0% 81.8% | -11.0% 35.3% | -17.0% 112.5% | -8.0% 14.3% | -7.0% | — |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Delhivery Limited
Delhivery provides a full range of Logistics services, including delivery of express parcels 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.[1]
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