Delhivery Ltd

Delhivery Ltd

₹ 430 -2.95%
07 Nov - close price
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]

Key Points

Leading Logistics Player[1]
Delhivery is the largest and fastest-growing fully integrated logistic company in India by revenue in FY24. It provides full range of logistics and value-added services serving over 220 countries and territories.

  • Market Cap 32,225 Cr.
  • Current Price 430
  • High / Low 490 / 237
  • Stock P/E 116
  • Book Value 135
  • Dividend Yield 0.00 %
  • ROCE 2.71 %
  • ROE 1.78 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 20.8% CAGR over last 5 years
  • Company's working capital requirements have reduced from 126 days to 72.4 days

Cons

  • Stock is trading at 3.18 times its book value
  • Company has a low return on equity of -2.86% over last 3 years.
  • Earnings include an other income of Rs.365 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
1,653 1,683 1,723 1,777 1,771 2,027 1,879 2,006 2,020 2,204 2,022 2,128 2,382
1,791 1,752 1,707 1,771 1,774 1,904 1,828 1,901 1,968 2,095 1,902 1,969 2,228
Operating Profit -138 -68 16 6 -3 123 51 106 52 109 120 159 154
OPM % -8% -4% 1% 0% -0% 6% 3% 5% 3% 5% 6% 7% 6%
102 93 67 106 107 122 66 110 124 100 36 133 96
Interest 23 21 19 19 19 22 27 28 30 33 33 34 35
Depreciation 162 170 181 149 154 170 186 115 127 138 139 144 155
Profit before tax -221 -166 -118 -55 -70 53 -96 72 19 38 -17 114 61
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-221 -166 -118 -55 -70 53 -96 72 19 38 -17 114 61
EPS in Rs -3.04 -2.28 -1.61 -0.75 -0.95 0.72 -1.31 0.97 0.26 0.51 -0.22 1.53 0.82
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
496 738 1,019 1,654 2,777 3,500 5,911 6,659 7,454 8,252 8,736
797 1,318 1,703 3,355 2,946 3,548 6,370 7,048 7,277 7,865 8,193
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%
27 14 58 31 188 134 167 320 401 370 365
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%
-317 -631 -684 -1,781 -284 -356 -864 -812 -168 113 197
EPS in Rs -3,324.10 -6,618.19 -7,141.90 -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%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 12%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 30%
TTM: 118%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 3%
1 Year: 21%
Return on Equity
10 Years: %
5 Years: -6%
3 Years: -3%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
79 11 41 104 794 1,152 1,055 918 1,165 1,420 1,480
162 2,561 3,275 296 428 607 918 1,038 1,059 1,155 1,426
Total Liabilities 563 1,027 1,139 3,781 4,344 4,621 8,130 11,526 11,843 12,430 12,990
93 60 100 189 740 1,049 1,437 1,536 1,965 2,563 2,771
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
348 756 749 2,431 2,381 2,333 2,927 6,021 5,235 4,485 4,353
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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-430 -218 -643 13 -441 -40 521 528
-101 -139 -934 286 -2,895 -3,428 -147 -107
684 206 -17 -112 3,247 3,557 -364 -430
Net Cash Flow 154 -151 -1,594 187 -89 88 11 -9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
69.13% 67.63% 65.57% 65.50% 62.71% 63.63% 61.16% 55.02% 53.75% 51.99% 52.95% 51.65%
11.45% 13.03% 14.58% 14.68% 17.02% 19.62% 22.03% 28.56% 28.99% 30.04% 29.60% 32.05%
19.42% 19.34% 19.83% 19.81% 20.27% 16.73% 16.81% 16.41% 17.27% 17.99% 17.46% 16.30%
No. of Shareholders 84,91482,58783,91683,57594,01192,9841,28,9851,39,7151,62,3181,72,9421,77,5461,60,797

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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