Whalesbook
Delhivery ka naya plan: Ab FinTech mein bhi entry!
Aur bhaiyo, Delhivery ne logistics ke alawa ab paiso wale sector, yaani FinTech mein bhi kadam rakh diya hai. Unhone apni ekdum nayi company banayi hai - Delhivery Fintech Distribution Private Limited. Isse wo apne pure network, jisme vendors aur truckers hain, unko insurance, FASTags aur fuel cards jaisi cheezein denge. Plan hai ki sabka kaam aasan ho aur risks bhi kam ho.
Analyst bhi khush, Stock mein potential hai!
Ye sab tab ho raha hai jab Motilal Oswal jaise bade analysts stock par bullish hain. Unhone 'Buy' rating maintain ki hai aur target price ₹580 set kiya hai. Inki latest Q4 FY26 results ekdum zabardast aayi hain. Revenue 30% badh kar ₹28.5 billion ho gaya hai, aur EBITDA toh 80% upar gaya hai, lagbhag ₹2.1 billion ke paas pahunch gaya. Margin bhi 210 basis points sudhar kar 7.5% ho gaya hai. Sabse zyada bada kamaal Express Parcel segment mein dikha, jahan volume 73% jump kiya, aur Part Truckload (PTL) mein bhi 20% ka growth raha. Company market share badhane par focus kar rahi hai, aur Ecom Express ko integrate karne se bhi fayda ho raha hai. Analysts ko lagta hai ki FY26 se FY28 tak revenue 13% CAGR aur EBITDA 33% CAGR se badhega.
Valuation thoda mehnga, par performance solid
Lekin ek cheez hai, inka valuation thoda zyada lag raha hai. P/E ratio 223.47 aur 234.62 ke beech mein hai, jo industry average 39.74 se kaafi upar hai. Global level par bhi EV to Sales ratio sabse zyada mein se ek hai. Haalanki, analysts generally stock ko 'overweight' ya 'buy' karne ki salaah de rahe hain, kuch log iski premium pricing aur management scores par chinta bhi jata rahe hain.
Competitors aur Regulatory angles
Blue Dart Express aur Gati Ltd. jaise competitors bhi isi regulated industry mein hain, toh compliance ka dhyan rakhna padega. Profitability margins ko lekar bhi kuch sawal hain, jo shayad Ecom Express integration ke costs ke wajah se thode kamzor lag rahe hain, par ummeed hai ki yeh theek ho jayenge. NSE ne ek chhoti si penalty lagayi thi ₹11,800 ki, related party transactions file karne mein deri ke liye, par woh issue ab solve ho gaya hai. Isse pata chalta hai ki internal systems ko time par accurate filings ke liye majboot rakhna zaroori hai.