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 ₹ 34,994 Cr.
- Current Price ₹ 468
- High / Low ₹ 489 / 237
- Stock P/E 176
- Book Value ₹ 127
- Dividend Yield 0.00 %
- ROCE 2.47 %
- ROE 1.52 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 19.7% CAGR over last 5 years
- Company's working capital requirements have reduced from 118 days to 67.5 days
Cons
- Stock is trading at 3.70 times its book value
- Company has a low return on equity of -4.42% over last 3 years.
- Earnings include an other income of Rs.477 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.
Peer comparison
Services Services Transport Services Logistics Solution Provider
Part of BSE 500 Nifty 500 BSE MidCap Nifty Smallcap 100 BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
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1,654 | 2,781 | 3,647 | 6,882 | 7,225 | 8,142 | 8,932 | 9,054 | |
3,272 | 2,952 | 3,769 | 7,357 | 7,677 | 8,015 | 8,556 | 8,642 | |
Operating Profit | -1,618 | -171 | -123 | -475 | -452 | 127 | 376 | 411 |
OPM % | -98% | -6% | -3% | -7% | -6% | 2% | 4% | 5% |
41 | 207 | 150 | 156 | 319 | 439 | 442 | 477 | |
Interest | 36 | 49 | 89 | 100 | 89 | 89 | 126 | 132 |
Depreciation | 170 | 256 | 355 | 611 | 831 | 722 | 535 | 563 |
Profit before tax | -1,783 | -269 | -416 | -1,029 | -1,053 | -244 | 157 | 194 |
Tax % | 0% | 0% | 0% | -2% | -4% | 2% | -3% | |
-1,783 | -269 | -416 | -1,011 | -1,008 | -249 | 162 | 199 | |
EPS in Rs | -18,607.05 | -2,758.26 | -2,492.60 | -15.75 | -13.83 | -3.38 | 2.17 | 2.67 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 9% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 29% |
TTM: | 343% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -7% |
1 Year: | 13% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -8% |
3 Years: | -4% |
Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0.96 | 0.98 | 2 | 64 | 73 | 74 | 75 |
Reserves | 3,348 | 3,130 | 2,800 | 5,893 | 9,104 | 9,071 | 9,358 |
450 | 794 | 1,152 | 1,102 | 923 | 1,169 | 1,422 | |
264 | 432 | 644 | 1,192 | 1,090 | 1,139 | 1,209 | |
Total Liabilities | 4,063 | 4,357 | 4,598 | 8,251 | 11,191 | 11,453 | 12,063 |
488 | 744 | 1,053 | 3,052 | 2,995 | 3,354 | 3,887 | |
CWIP | 1 | 32 | 77 | 60 | 23 | 29 | 33 |
Investments | 1,155 | 1,188 | 1,128 | 2,091 | 2,094 | 2,776 | 3,578 |
2,419 | 2,394 | 2,340 | 3,048 | 6,078 | 5,295 | 4,565 | |
Total Assets | 4,063 | 4,357 | 4,598 | 8,251 | 11,191 | 11,453 | 12,063 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
-243 | -634 | 5 | -241 | -30 | 472 | 567 | |
-939 | -933 | 338 | -2,742 | -3,408 | -99 | -102 | |
2,858 | -17 | -147 | 2,902 | 3,538 | -366 | -432 | |
Net Cash Flow | 1,676 | -1,583 | 196 | -81 | 100 | 8 | 33 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 47 | 79 | 60 | 53 | 77 | 64 | 58 |
Inventory Days | |||||||
Days Payable | |||||||
Cash Conversion Cycle | 47 | 79 | 60 | 53 | 77 | 64 | 58 |
Working Capital Days | 21 | 88 | 89 | 41 | 178 | 109 | 68 |
ROCE % | -7% | -8% | -17% | -11% | -2% | 2% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
1d - Of allotment of 2,38,736 Equity Shares upon exercise of vested Options
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Grant Of Stock Options Under Delhivery Employees Stock Option Plan, 2012
4 Oct - Grant of 144,800 ESOPs effective Oct 01, 2025; exercise price Re.1; four-year vesting schedule.
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Update On Delhivery'S Performance In The Month Of September 2025
3 Oct - September 2025: record volumes — 17.5M single-day packages; 36.6M within 48 hours; 3,690km farthest.
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Closure of Trading Window
24 Sep - Trading window closed Oct 01, 2025 until 48 hours after unaudited results for quarter/half-year ending Sep 30, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Sep - Delhivery Limited has informed about the Schedule of Investors Call "J.P. Morgan India Investor Summit"
Annual reports
Concalls
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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.