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 192
- 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 3.63 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.406 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
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 | |
|---|---|---|---|---|---|---|---|---|
| 1,654 | 2,781 | 3,647 | 6,882 | 7,225 | 8,142 | 8,932 | 9,850 | |
| 3,272 | 2,952 | 3,769 | 7,357 | 7,677 | 8,015 | 8,556 | 9,313 | |
| Operating Profit | -1,618 | -171 | -123 | -475 | -452 | 127 | 376 | 537 |
| OPM % | -98% | -6% | -3% | -7% | -6% | 2% | 4% | 5% |
| 41 | 207 | 150 | 156 | 319 | 439 | 442 | 406 | |
| Interest | 36 | 49 | 89 | 100 | 89 | 89 | 126 | 144 |
| Depreciation | 170 | 256 | 355 | 611 | 831 | 722 | 535 | 655 |
| Profit before tax | -1,783 | -269 | -416 | -1,029 | -1,053 | -244 | 157 | 145 |
| Tax % | 0% | 0% | 0% | -2% | -4% | 2% | -3% | |
| -1,783 | -269 | -416 | -1,011 | -1,008 | -249 | 162 | 153 | |
| EPS in Rs | -18,607.05 | -2,758.26 | -2,492.60 | -15.75 | -13.83 | -3.38 | 2.17 | 2.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 9% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 29% |
| TTM: | 341% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| 1 Year: | 65% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.96 | 0.98 | 2 | 64 | 73 | 74 | 75 | 75 |
| Reserves | 3,348 | 3,130 | 2,800 | 5,893 | 9,104 | 9,071 | 9,358 | 9,454 |
| 450 | 794 | 1,152 | 1,102 | 923 | 1,169 | 1,422 | 1,642 | |
| 264 | 432 | 644 | 1,192 | 1,090 | 1,139 | 1,209 | 1,529 | |
| Total Liabilities | 4,063 | 4,357 | 4,598 | 8,251 | 11,191 | 11,453 | 12,063 | 12,699 |
| 488 | 744 | 1,053 | 3,052 | 2,995 | 3,354 | 3,887 | 5,491 | |
| CWIP | 1 | 32 | 77 | 60 | 23 | 29 | 33 | 25 |
| Investments | 1,155 | 1,188 | 1,128 | 2,091 | 2,094 | 2,776 | 3,578 | 2,634 |
| 2,419 | 2,394 | 2,340 | 3,048 | 6,078 | 5,295 | 4,565 | 4,549 | |
| Total Assets | 4,063 | 4,357 | 4,598 | 8,251 | 11,191 | 11,453 | 12,063 | 12,699 |
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 |
| Free Cash Flow | -399 | -847 | -244 | -780 | -624 | 4 | 92 |
| CFO/OP | 14% | 344% | -19% | 48% | -9% | 402% | 158% |
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% |
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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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.