D

Delhivery Limited

DELHIVERYNSE
Market snapshot · 2026-08-11 00:53 UTC

478.35

+₹5.05 (+1.07%)

MARKET CAP

₹35.83K Cr

STOCK P/E

240.4x

52W HIGH

₹524.00

52W LOW

₹374.45

BOOK VALUE

₹129.79

EPS

₹1.99

ROE

SECTOR

Industrials

DEBT/EQUITY

15.10

VOLUME

1.47Cr

P/B RATIO

3.69x

PEG RATIO

-3.70

Sector

Industrials

Themes

LogisticsCourier ServicesVanguard Fund Portfolio
E
Earnings
₹520.30₹487.00₹453.70₹420.40₹387.10VolumeEEEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Delhivery is an Indian supply-chain solutions company spanning express parcels, part-truckload freight, and integrated warehousing and transportation. Full-truckload, cross-border shipping, and Delhivery Rapid add freight and fulfillment capacity, while OS1, TransportOne, LocateOne, and RTOne support technology-led revenue. Q1FY27 volumes surged 55%, but margin compression and a 65% profit decline to ₹32 crore show growth currently carries lower operating leverage. ROE is only 1.6%, while debt-to-equity of 15.1x materially magnifies financial risk and does not translate into attractive returns. Improving margins and 17.6% revenue growth remain constructive, but earnings quality is constrained by weak profit conversion. At 237.8x earnings, the stock is overvalued and trades far above its growth rate. The key open question is whether network scale can restore margins without requiring further leverage.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for DELHIVERY.

20.00 analysts

Price Forecast

Current
₹478.35
High Target
₹650.00
▲ +35.9%
Median Target
₹572.50
▲ +19.7%
Low Target
₹490.00
▲ +2.4%
Now₹478.35High ₹650.00Median ₹572.50Low ₹490.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
20 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹400.91 - ₹591.4380%
6M₹376.54 - ₹652.5480%
12M₹348.20 - ₹757.7680%
Realized vol: +30.3% · Drift: +11.7%

Revenue Forecast

₹ Cr
Jun '26Current₹2,730.0
Sep 2026 ETrend estimate range
High₹3,247.7Base₹3,007.2Low₹2,766.6
Sep '25: ₹2,382.0 · Dec '25: ₹2,633.0 · Mar '26: ₹2,672.0 · Jun '26: ₹2,730.0 · Sep '26: ₹3,007.2 · Dec '26: ₹3,324.0
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2,382.02,633.02,672.02,730.03,007.23,324.0
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹1.04
Sep 2026 ETrend estimate range
High₹1.38Base₹1.23Low₹1.08
Sep '25: ₹0.82 · Dec '25: ₹0.99 · Mar '26: ₹1.07 · Jun '26: ₹1.04 · Sep '26: ₹1.23 · Dec '26: ₹1.48
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E0.820.991.071.041.231.48
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
62%
Analyst Consensus
Positive

From 20 analysts

Mean upside+18.3%

Fundamentals

Weakening

Fundamentals institutional score is 32 using growth durability 32.4.

Valuation

Fairly valued

Valuation institutional score is 46 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 77 using mean target upside 18.3%; dispersion penalty 11.3; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 75 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is skewing constructive on impact and recency. Based on 11 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. analyst consensus and technical structure provide support, while fundamentals and valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Fairly valuedAnalyst Consensus PositiveTechnical Structure Strong TrendMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price566.1 target
Mean Upside+18.3%
Technical Score75%
Fundamental Score32%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 15.3% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +1.25). Confidence: 86%.

Live forward EPS implies next-12-month EPS of ₹11.04. Applying the stock's normalized valuation corridor produces a fair range of ₹2,135.36 to ₹2,480.47, with base value near ₹2,302.06 (+381.3% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹11.04

Forward P/E

43.3x

Base Fair Value

₹2,302.06

Fair Range

₹2,135.36 - ₹2,480.47

Upside To Base

+381.3%

Estimate Source

Live forward EPS

Growth Estimate

-65.0%

P/E
Strongly Overvalued

5Y Average

205.51

Current

240.38

Overvalued

224.68

Undervalued

193.42

EV/EBITDA
Strongly Overvalued

5Y Average

106.91

Current

125.05

Overvalued

117.57

Undervalued

92.19

P/B
Fair

5Y Average

3.39

Current

3.69

Overvalued

3.89

Undervalued

2.88

Peers & Comparison

Sector: Industrials · Theme: Logistics

Logistics Peers6 peers
Avg P/E: 45.6x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
PREMIER ENERGIES LIMITED
PREMIERENELogistics
+37.7%19.7%
31.1x
Undervalued
-32% vs avg
+4.3%
SHADOWFAX TECHNOLOGIES L
SHADOWFAXLogistics
+64.9%3.6%
85.7x
Premium
+88% vs avg
+119.3%
SHREEJI SHIPPING GLOBAL L
SHREEJISPGLogistics
+20.5%21.5%
67.9x
Premium
+49% vs avg
+163.7%
+9.6%9.0%
15.8x
Undervalued
-65% vs avg
-20.0%
+23.2%44.7%
29.9x
Undervalued
-34% vs avg
+8.1%
BLUE DART EXPRESS LTD
BLUEDARTLogistics
+8.0%4.5%
42.9x
Fair
-6% vs avg
-13.3%
WHY THESE PEERS

DELHIVERY LIMITED trades at a premium (240.4x vs peer avg 45.6x), implying higher growth or quality expectations from the Logistics cohort. Peers include PREMIER ENERGIES LIMITED, SHADOWFAX TECHNOLOGIES L, SHREEJI SHIPPING GLOBAL L — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹2.73K CrJun 2026

Latest net profit

₹78 CrJun 2026

Latest EPS

₹1.04Jun 2026

Net margin

6.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%3.0%6.0%9.0%12.0%0.00 Cr700 Cr1.40K Cr2.10K Cr2.80K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr700 Cr1.40K Cr2.10K Cr2.80K Cr₹0₹0₹1₹1₹2
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit-950 Cr0.00 Cr950 Cr1.90K Cr2.85K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-4.50K Cr0.00 Cr4.50K Cr9.00K Cr13.50K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +1,7771,7712,0271,8792,0062,0202,2042,0402,1282,3822,6332,6722,730
Expenses +1,7711,7741,9041,8281,9011,9682,0951,9191,9692,2282,3972,4332,555
Operating Profit6-31235110652109122159154236238175
OPM %0.4%-0.2%6%2.7%5%2.6%5.0%6%7%6%9%9%6%
Other Income +1061071226611012410035133964852116
Interest19192227283033343435343332
Depreciation149154170186115127138145144155177181181
Profit before tax-55-7053-96721938-2211461737678
Tax %0%0%0%0%0%0%0%-6%0%0%-2%-5%0%
Net Profit +-55-7053-96721938-2011461748078
EPS in Rs-0.75-0.950.72-1.310.970.260.51-0.271.530.820.991.071.04
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs +52.95%51.65%48.57%48.23%41.93%
DIIs +29.60%32.05%34.98%36.27%43.07%
Public +17.46%16.30%16.43%15.51%15.00%
Others0.02%
Jun 2026
FIIs +
DIIs +
Public +

Events Timeline

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 10, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 09, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Aug 08, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Aug 08, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Change in Management

Aug 08, 2026PDFCompany Reports Open