Delhivery Ltd

₹ 416 0.48%

07 Jan 9:23 a.m.

🔗 Website | BSE: 543529 | NSE: DELHIVERY

Market Cap31,121

Current Price416

High / Low490

Stock P/E112

Book Value135

Dividend Yield0.00

ROCE2.71

ROE1.78

ABOUT

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]

Stock Analysis

Description

Delhivery is a leading integrated logistics provider in India, offering a comprehensive suite of services including express parcel delivery, PTL and TL freight, warehousing, supply chain solutions, and cross-border services. The company serves a wide range of industries and clients across India.

Key Growth Triggers

The incorporation of Delhivery Financial Services Private Limited represents a significant strategic initiative, expanding the company's service portfolio into financial solutions. This aims to create new revenue streams and enhance value by supporting its extensive network of truckers, fleet owners, and MSMEs, thereby strengthening its ecosystem and potentially improving logistics efficiency through better financial access.

Order Book

Currently no data available for Order Book.

Key Red Flags

Currently no data available for Key Red Flags.

Key Dates To Watch

January 16, 2026: Approval of incorporation for Delhivery Financial Services Private Limited.

Peer Comparison

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Container Corpn.	531.25	30.87	40460.95	1.75	379.98	-3.01	2354.53	2.92	13.87	9004.30	21.26	1310.42	378.70	3.17	9.18	0.07
2.	Delhivery	416.00	112.01	31120.79	0.00	61.24	216.00	2381.51	17.90	2.71	8735.78	6.21	277.86	61.24	3.08	1.43	0.15
3.	Blue Dart Expres	5480.70	48.83	13005.70	0.45	81.38	29.50	1549.33	6.96	16.33	5920.26	15.20	266.37	81.38	7.96	6.65	0.66
4.	Transport Corp.	1057.00	18.68	8110.04	0.76	113.50	5.83	1204.90	7.50	20.52	4670.10	10.45	434.20	112.60	3.39	15.72	0.11
5.	TVS Supply	111.80	41.56	4932.40	0.00	16.31	67.63	2662.63	5.96	4.83	10198.39	6.66	118.68	15.64	2.53	-0.16	1.14
6.	VRL Logistics	263.30	19.71	4606.09	2.86	49.89	39.28	796.96	-0.32	15.73	3175.55	20.65	233.60	49.89	4.20	7.38	1.01
7.	Mahindra Logis.	315.05		3124.68	0.79	-8.36	3.72	1685.27	10.79	5.64	6473.57	4.83	-36.93	-10.35	2.73	-1.23	0.59

Quarterly Results

Figures in Cr.

	Dec 2022	Dec 2023	Dec 2024	Jun 2023	Jun 2024	Jun 2025	Mar 2023	Mar 2024	Mar 2025	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales	1,683	2,027	2,204	1,777	2,006	2,128	1,723	1,879	2,022	1,653	1,771	2,020	2,382
YOY Sales Growth %	3.77%	20.41%	8.75%	11.12%	12.88%	6.07%	2.68%	9.05%	7.63%	23%	7.14%	14.04%	17.9%
Expenses	1,752	1,904	2,095	1,771	1,901	1,969	1,707	1,828	1,902	1,791	1,774	1,968	2,228
Material Cost %	0.09%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Employee Cost %	17.69%	16.32%	15.3%	17.69%	15.44%	15.68%	18.38%	17.61%	15.86%	18.35%	18.8%	16.25%	15.45%
Operating Profit	-68	123	109	6	106	159	16	51	120	-138	-3	52	154
OPM %	-4%	6%	5%	0%	5%	7%	1%	3%	6%	-8%	0%	3%	6%
Other Income	93	122	100	106	110	133	67	66	36	102	107	124	96
Exceptional items	0	-17	-4	0	-5	0	-11	-57	-77	0	0	-0	0
Other income normal	93	139	104	106	115	133	78	123	113	102	107	124	96
Interest	21	22	33	19	28	34	19	27	33	23	19	30	35
Depreciation	170	170	138	149	115	144	181	186	139	162	154	127	155
Profit before tax	-166	53	38	-55	72	114	-118	-96	-17	-221	-70	19	61
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	-166	53	38	-55	72	114	-118	-96	-17	-221	-70	19	61
EPS in Rs	-2.28	0.72	0.51	-0.75	0.97	1.53	-1.61	-1.31	-0.22	-3.04	-0.95	0.26	0.82

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	496	738	1,019	1,654	2,777	3,500	5,911	6,659	7,454	8,252	8,736
Sales Growth %	—	—	—	—	—	—	—	—	—	—	—
Expenses	797	1,318	1,703	3,355	2,946	3,548	6,370	7,048	7,277	7,865	8,193
Material Cost %	—	—	—	—	—	—	—	—	—	—	—
Raw material cost	—	—	—	—	—	—	—	—	—	—	—
Change in inventory	—	—	—	—	—	—	—	—	—	—	—
Manufacturing Cost %	—	—	—	—	—	—	—	—	—	—	—
Employee Cost %	—	—	—	—	—	—	—	—	—	—	—
Other Cost %	—	—	—	—	—	—	—	—	—	—	—
Operating Profit	-301	-580	-683	-1,701	-169	-48	-459	-389	178	387	543
OPM %	-61%	-79%	-67%	-103%	-6%	-1%	-8%	-6%	2%	5%	6%
Other Income	27	14	58	31	188	134	167	320	401	370	365
Exceptional items	—	—	—	—	—	—	—	—	—	—	—
Other income normal	—	—	—	—	—	—	—	—	—	—	—
Interest	3	13	12	19	49	89	94	86	88	125	135
Depreciation	40	53	47	92	254	353	478	657	659	519	576
Profit before tax	-317	-631	-684	-1,781	-284	-356	-864	-812	-168	113	197
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	—
Net Profit	-317	-631	-684	-1,781	-284	-356	-864	-812	-168	113	197
Exceptional items AT	—	—	—	—	—	—	—	—	—	—	—
Profit excl Excep	—	—	—	—	—	—	—	—	—	—	—
Profit for PE	—	—	—	—	—	—	—	—	—	—	—
Profit for EPS	—	—	—	—	—	—	—	—	—	—	—
EPS in Rs	-3,324.1	-6,618.19	-7,141.9	-18,583.47	-2,914.15	-2,136.22	-13.45	-11.15	-2.28	1.51	2.64
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	—

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	0.95	0.95	0.96	0.96	0.97	2	64	73	74	75	75
Reserves	321	-1,546	-2,178	3,381	3,122	2,860	6,093	9,497	9,546	9,781	10,009
Borrowings	79	11	41	104	794	1,152	1,055	918	1,165	1,420	1,480
Long term Borrowings	1	1	—	36	100	132	114	114	40	2	0
Short term Borrowings	63	10	—	29	91	170	207	84	85	37	13
Lease Liabilities	—	—	—	—	—	—	—	—	—	—	—
Other Borrowings	0	0	41	0	66	-18	0	-0	0	0	—
Other Liabilities	162	2,561	3,275	296	428	607	918	1,038	1,059	1,155	1,426
Trade Payables	114	132	185	155	270	413	673	783	770	839	1,031
Advance from Customers	0	0	5	0	3	14	31	38	33	34	—
Other liability items	48	2,428	3,085	141	154	179	215	217	256	281	395
Total Liabilities	563	1,027	1,139	3,781	4,344	4,621	8,130	11,526	11,843	12,430	12,990
Fixed Assets	93	60	100	189	740	1,049	1,437	1,536	1,965	2,563	2,771
Land	30	37	49	74	0	0	6	6	6	6	—
Building	0	0	0	0	102	141	216	296	380	458	—
Plant Machinery	30	33	42	61	96	112	247	359	498	559	—
Equipments	18	20	44	88	138	181	285	334	381	460	—
Furniture & fittings	—	—	—	—	—	—	—	—	—	—	—
Vehicles	1	0	17	18	51	57	174	300	467	635	—
Intangible Assets	0	0	0	23	16	16	16	16	16	16	69
Other fixed assets	4	6	7	12	502	816	873	862	1,194	1,560	—
Gross Block	138	153	234	406	1,083	1,541	2,163	2,637	3,371	4,179	—
Accumulated Depreciation	45	93	134	217	343	492	726	1,101	1,406	1,616	—
CWIP	1	0	6	1	27	77	60	23	29	33	89
Investments	122	211	284	1,160	1,197	1,163	3,706	3,945	4,615	5,350	5,777
Other Assets	348	756	749	2,431	2,381	2,333	2,927	6,021	5,235	4,485	4,353
Inventories	0	0	17	23	18	26	25	19	16	16	30
Trade receivables	113	95	162	212	602	573	775	1,402	1,288	1,310	1,373
Receivables under 6m	0	95	162	266	688	395	775	1,359	1,305	1,331	—
Receivables over 6m	113	0	0	0	0	379	251	302	242	294	—
Prow for Doubtful	—	—	—	—	—	—	—	—	—	—	—
Cash Equivalents	47	157	5	1,660	395	254	178	602	362	253	316
Loans & Advances	—	—	—	—	—	—	—	—	—	—	—
Other Assets items	—	—	—	—	—	—	—	—	—	—	—
Total Assets	563	1,027	1,139	3,781	4,344	4,621	8,130	11,526	11,843	12,430	12,990

Cash Flows

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	—	-430	-218	—	-643	13	-441	-40	521	528
Profit from operations	—	-177	-184	—	-56	109	265	-24	520	621
Receivables	—	10	-80	—	-437	-55	-326	-163	24	-149
Inventory	—	0	-8	—	-3	-8	1	5	3	-0
Payables	—	31	53	—	110	143	259	111	-13	69
Loans Advances	—	0	0	—	0	-97	-199	0	0	0
Other WC items	—	-280	9	—	-213	-61	-433	102	14	11
Working capital changes	—	-238	-28	—	-542	-78	-699	55	27	-69
Direct taxes	—	-15	-6	—	-45	-17	-7	-72	-26	-23
Cash from Investing Activity	—	-101	-139	—	-934	286	-2,895	-3,428	-147	-107
Fixed assets purchased	—	-20	-93	—	-209	-214	-534	-594	-564	-531
Fixed assets sold	—	0	0	—	0	2	4	7	97	7
Investments purchased	—	0	0	—	-4,549	-920	-3,225	-540	-2,505	-6,051
Investments sold	—	0	0	—	4,570	1,022	2,561	592	1,999	5,435
Interest received	—	9	39	—	96	76	134	133	255	219
Redeemp Cnce of Shares	—	—	—	—	—	—	—	—	—	—
Acquisition of companies	—	0	0	—	-11	0	0	0	0	0
Other investing items	—	-89	-78	—	-831	411	-31	-2,978	659	832
Cash from Financing Activity	—	684	206	—	-17	-112	3,247	3,557	-364	-430
Redemption of debentures	—	—	—	—	—	—	—	—	—	—
Proceeds from borrowings	—	11	45	—	151	117	24	148	14	0
Repayment of borrowings	—	-63	-10	—	-29	-50	0	-256	-88	-86
Interest paid fin	—	-8	-3	—	-11	-21	-21	-86	-87	-125
Dividends paid	—	—	—	—	—	—	—	—	—	—
Financial liabilities	—	0	0	—	-130	-212	-241	-187	-200	-223
Other financing items	—	744	1	—	0	9	96	27	-8	0
Net Cash Flow	—	154	-151	—	-1,594	187	-89	88	11	-9

Ratios

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	83	47	58	47	79	60	48	77	63	58
Inventory Days	—	—	—	—	—	—	—	—	—	—
Days Payable	—	—	—	—	—	—	—	—	—	—
Cash Conversion Cycle	83	47	58	47	79	60	48	77	63	58
Working Capital Days	19	49	118	43	94	99	60	190	116	72
ROCE %	—	—	—	-260%	-7%	-5%	-14%	-8%	0%	3%

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	—	—	—	—	—	—	—	—	—	—	—	—
FIIs	69.13%	67.63%	65.57%	65.5%	62.71%	63.63%	61.16%	55.02%	53.75%	51.99%	52.95%	51.65%
Alpha Wave Ventures, Lp	1.98	1.98	1.98	1.97	1.97	1.96	1.96	1.95	1.94	1.94	1.94	1.93
Alpine Opportunity Fund Ii, L_P_	1.63	—	—	—	—	—	—	—	—	—	—	—
Amansa Holdings Private Limited	—	1.07	1.26	1.23	1.18	1.18	1.16	1.15	1.14	—	—	—
Baillie Gifford Emerging Markets Equities Fund	—	—	—	—	—	1.2	1.18	1.22	1.22	1.17	1.63	1.69
Baillie Gifford Pacific Fund A Sub Fund Of Baillie___	—	—	—	—	—	1.23	1.25	1.3	1.22	1.08	—	—
Ca Swift Investments	2.53	2.53	—	—	—	—	—	—	—	—	—	—
Canada Pension Plan Investment Board	6.03	6.02	6	5.98	5.97	5.96	3.17	—	—	—	—	—
Chimetech Holding Limited	1.32	1.32	1.32	1.31	1.31	—	—	—	—	—	—	—
City Of New York Group Trust	—	1.17	1.16	1.08	—	1.14	—	—	—	—	1.04	—
Fidelity Investment Trust : Fidelity Emerging Markets Fund	—	—	—	—	—	—	—	2	1.44	1.47	—	—
Gamnat Pte_ Ltd_	2.11	2.07	1.75	1.74	1.74	1.74	—	—	—	—	—	—
Government Pension Fund Global	—	—	1.26	1.26	—	—	—	—	—	—	—	—
Internet Fund Iii Pte_ Ltd_	4.68	1.65	—	—	—	—	—	—	—	—	—	—
Invesco Asian Equity Fund	—	—	—	—	—	—	—	—	—	1.02	1.23	1.09
Nexus Opportunity Fund Ltd	1.19	1.19	1.19	1.18	1.18	1.06	1.06	—	—	—	—	—
Nexus Ventures Iii Limited	7.88	7.88	7.85	7.82	7.81	7.01	7	5.93	5.9	5.88	4.5	4.49
Smallcap World Fund, Inc	—	—	—	—	—	—	2.47	—	—	—	—	—
Steadview Capital Mauritius Limited	1.11	—	—	—	—	—	—	—	—	—	—	—
Steadview Capital Opportunities Pcc Cell 0221 009	1.56	1.56	1.56	1.55	1.55	1.55	1.54	1.54	1.53	1.53	1.53	1.52
Sudasien Investmentfonds A, Ltd	3.07	2.82	1.74	—	—	—	—	—	—	—	—	—
Svf Doorbell (Cayman) Ltd	18.42	14.56	14.51	14.46	11.77	10.64	10.15	9.63	9.57	9.53	9.53	8.81
The Master Trust Bank Of Japan, Ltd_ As Trustee Of___	—	—	—	—	—	—	—	1.5	1.53	1.55	1.6	1.6
Vanguard Emerging Markets Stock Index Fund, A Seri___	—	—	1.05	1.07	—	—	—	—	—	—	—	—
Vanguard Total International Stock Index Fund	—	—	1.04	1.05	1.03	—	1.01	1	1.01	1.02	1.05	1.05
DIIs	11.45%	13.03%	14.58%	14.68%	17.02%	19.62%	22.03%	28.56%	28.99%	30.04%	29.6%	32.05%
Government	—	—	—	—	—	—	—	—	—	—	—	—
Public	19.42%	19.34%	19.83%	19.81%	20.27%	16.73%	16.81%	16.41%	17.27%	17.99%	17.46%	16.3%
Others	—	—	—	—	—	—	—	—	—	—	—	—
No. of Shareholders	84,914	82,587	83,916	83,575	94,011	92,984	1,28,985	1,39,715	1,62,318	1,72,942	1,77,546	1,60,797

News & Updates

BSE Announcements

Direct from BSE filings, AI summarised

Delhivery Limited Incorporates Wholly-Owned Subsidiary 'Delhivery Financial Services Private Limited'

16 Jan 2026

Delhivery Limited Incorporates Step-Down Subsidiary in the UK

16 Jan 2026

Delhivery Subsidiary Spoton Logistics Receives GST Appeal Order; Company States No Material Impact

15 Jan 2026

Urja Global Clarifies Delay in Disclosure of CARE Ratings Reaffirmation, Cites Lack of Prior Intimation

12 Jan 2026

Delhivery Limited Allots 1,96,962 Equity Shares Upon ESOP Exercise, Increasing Paid-up Capital

9 Jan 2026

Other Websites

External media mentions

Shadowfax IPO: Growth Soars, Margins Shrink – Investors on Watch

17 Jan 2026

Tech Stocks Tumble: Groww, ArisInfra Shine Amidst Market Sell-off

17 Jan 2026

UBS Names 8 Midcap Stocks for 2026, Flags Up to 83% Upside

16 Jan 2026

Shadowfax IPO: Rs 1,907 Cr Debut Fuels India's 10-Minute Delivery Race

15 Jan 2026

Smallcaps Tumble Amid Broader Market Slump; Trade Hopes Spark Partial Recovery

12 Jan 2026

News Articles

Editorial & research coverage

Shadowfax IPO: Growth Soars, Margins Shrink – Investors on Watch

17 Jan 2026

Tech Stocks Tumble: Groww, ArisInfra Shine Amidst Market Sell-off

17 Jan 2026

UBS Names 8 Midcap Stocks for 2026, Flags Up to 83% Upside

16 Jan 2026

Smallcaps Tumble Amid Broader Market Slump; Trade Hopes Spark Partial Recovery

12 Jan 2026

Ports & Logistics Set for Strong Q3; Elara Capital Names Top Picks

6 Jan 2026

Documents

Announcements

Appellate Order Passed By Commissioner Of Income Tax

10h - Appellate order deleted Rs.1,36,95,768 penalty for AY 2016-17; order dated Dec 26, 2025.

Grant Of Stock Options Under Delhivery Employees Stock Option Plans

1d - Grant of 83,900 options (58,900 ESOP2012;25,000 ESOP2021) on Jan 5, 2026; exercise price Re.1

Receipt Of Order Under GST Act, 2017

31 Dec - Ecom Express received ₹1,38,17,039 tax, ₹1,03,62,779 interest, ₹13,81,704 penalty (order dated 30 Dec 2025).

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

null

Closure of Trading Window

29 Dec - Trading window closed Jan 1, 2026 until 48 hours after unaudited results for quarter ended Dec 31, 2025.

Annual Reports

FY Financial Year 2025

(from bse)

FY Financial Year 2024

(from bse)

FY Financial Year 2023

(from bse)

FY Financial Year 2022

(from bse)

Credit Ratings

No Ratings

Concalls

Nov 2025

Transcript PPT

Aug 2025

Transcript PPT Audio

May 2025

Transcript PPT Audio

Feb 2025

Transcript PPT Audio

Nov 2024

Transcript PPT

Aug 2024

Transcript PPT Audio

Aug 2024

PPT

May 2024

Transcript PPT Audio

Feb 2024

Transcript PPT

Nov 2023

Transcript PPT

Aug 2023

Transcript PPT

Jun 2023

PPT

Jun 2023

PPT

Jun 2023

Transcript PPT

May 2023

PPT

May 2023

PPT

May 2023

PPT

Feb 2023

Transcript PPT

Feb 2023

PPT

Dec 2022

Transcript PPT

Nov 2022

PPT

Aug 2022

Transcript PPT

Jun 2022

Transcript PPT

May 2022

PPT

May 2022

PPT

Delhivery Ltd

ABOUT

Stock Analysis

Description

Key Growth Triggers

Order Book

Key Red Flags

Key Dates To Watch

Peer Comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

News & Updates

BSE Announcements

Other Websites

News Articles

Documents

Announcements

Annual Reports

Credit Ratings

Concalls