Delhivery Ltd
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]
- Market Cap ₹ 34,665 Cr.
- Current Price ₹ 463
- High / Low ₹ 490 / 284
- Stock P/E 103
- 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 3.43 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.314 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 9,147 | |
| 797 | 1,318 | 1,703 | 3,355 | 2,946 | 3,548 | 6,370 | 7,048 | 7,277 | 7,865 | 8,481 | |
| Operating Profit | -301 | -580 | -683 | -1,701 | -169 | -48 | -459 | -389 | 178 | 387 | 665 |
| OPM % | -61% | -79% | -67% | -103% | -6% | -1% | -8% | -6% | 2% | 5% | 7% |
| 27 | 14 | 58 | 31 | 188 | 134 | 167 | 320 | 401 | 370 | 314 | |
| Interest | 3 | 13 | 12 | 19 | 49 | 89 | 94 | 86 | 88 | 125 | 136 |
| Depreciation | 40 | 53 | 47 | 92 | 254 | 353 | 478 | 657 | 659 | 519 | 609 |
| Profit before tax | -317 | -631 | -684 | -1,781 | -284 | -356 | -864 | -812 | -168 | 113 | 234 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| -317 | -631 | -684 | -1,781 | -284 | -356 | -864 | -812 | -168 | 113 | 234 | |
| 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 | 3.14 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 12% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 30% |
| TTM: | 239% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| 1 Year: | 65% |
| 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 | ||
| Free Cash Flow | -450 | -312 | -852 | -198 | -971 | -628 | 54 | 4 | ||
| CFO/OP | 72% | 31% | 355% | -63% | 95% | -8% | 308% | 142% |
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% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Express Parcel Shipments Million |
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| PTL Freight Tonnage '000 Tonnes |
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| PIN Code Reach Count |
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| Total Logistics Infrastructure Area Million Sq. Ft. |
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| Number of Active Customers Count |
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Extracted by Screener AI
Documents
Announcements
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
10 Apr - Nexus funds sold 24 million Delhivery shares on April 8, 2026; combined stake fell to 3.55%.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Regulation 74(5) certificate received for quarter ended March 31, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9 Apr - Delhivery will host analysts at Lonad Mega Gateway, Bhiwandi on April 15, 2026.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
8 Apr - Of Allotment of 86,225 Equity Shares upon exercise of vested Options
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Apr - Newspaper Extracts of the Postal Ballot Advertisement
Annual reports
Concalls
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Feb 2026Transcript PPT
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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.