Delhivery Ltd

Delhivery Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Delhivery Ltd

₹ 413 -2.13%
29 Sep - close price
delhivery.com BSE: 543529 NSE : DELHIVERY
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 FY23. It provides full range of logistics services and other value-added services

Website BSE NSE
  • Market Cap ₹ 30,256 Cr.
  • Current Price ₹ 413
  • High / Low ₹ 609 / 291
  • Stock P/E
  • Book Value ₹ 131
  • Dividend Yield 0.00 %
  • ROCE -8.23 %
  • ROE -10.4 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 3.14 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -12.9% over last 3 years.
  • Earnings include an other income of Rs.369 Cr.
  • Working capital days have increased from 140 days to 205 days

* 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

Sector: Logistics Industry: Couriers

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
951 1,267 1,344 1,622 1,678 1,599 1,653 1,683 1,723 1,777
944 1,322 1,851 1,584 1,613 1,798 1,791 1,752 1,707 1,771
Operating Profit 7 -55 -507 39 65 -198 -138 -68 16 6
OPM % 1% -4% -38% 2% 4% -12% -8% -4% 1% 0%
32 50 36 35 47 57 102 93 67 106
Interest 25 23 24 24 23 23 23 21 19 19
Depreciation 100 82 98 132 167 143 162 170 181 149
Profit before tax -85 -110 -593 -83 -78 -308 -221 -166 -118 -55
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-85 -110 -593 -83 -78 -308 -221 -166 -118 -55
EPS in Rs -512.44 -657.84 -31.67 -3.84 -1.21 -4.25 -3.04 -2.28 -1.61 -0.75
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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 TTM
496 738 1,019 1,654 2,777 3,500 5,911 6,659 6,837
797 1,318 1,703 3,355 2,946 3,548 6,370 7,048 7,021
Operating Profit -301 -580 -683 -1,701 -169 -48 -459 -389 -184
OPM % -61% -79% -67% -103% -6% -1% -8% -6% -3%
27 14 58 31 188 134 167 320 369
Interest 3 13 12 19 49 89 94 86 82
Depreciation 40 53 47 92 254 353 478 657 662
Profit before tax -317 -631 -684 -1,781 -284 -356 -864 -812 -560
Tax % 0% 0% 0% 0% 0% 0% 0% 0%
-317 -631 -684 -1,781 -284 -356 -864 -812 -560
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 -7.68
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 46%
3 Years: 34%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: -4%
3 Years: %
TTM: 48%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -29%
Return on Equity
10 Years: %
5 Years: -21%
3 Years: -13%
Last Year: -10%

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
17 1 1 40 40 56 64 73
Reserves 321 -1,546 -2,178 3,381 3,122 2,860 6,093 9,497
63 11 41 64 755 1,098 1,055 918
178 2,561 3,275 335 467 661 918 1,014
Total Liabilities 563 1,027 1,139 3,781 4,344 4,621 8,130 11,502
93 60 100 189 740 1,049 1,437 1,536
CWIP 1 0 6 1 27 77 60 23
Investments 122 211 284 1,160 1,197 1,163 3,706 3,945
348 756 749 2,431 2,381 2,333 2,927 5,997
Total Assets 563 1,027 1,139 3,781 4,344 4,621 8,130 11,502

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
-430 -218 -643 13 -441 -53
-101 -139 -934 286 -2,895 -3,416
684 206 -17 -112 3,247 3,557
Net Cash Flow 154 -151 -1,594 187 -89 88

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 83 47 58 47 79 60 48 45
Inventory Days
Days Payable
Cash Conversion Cycle 83 47 58 47 79 60 48 45
Working Capital Days 65 54 118 49 121 133 83 205
ROCE % -260% -7% -5% -14% -8%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
8.02% 74.24% 69.13% 67.63% 65.57%
6.83% 7.11% 11.45% 13.03% 14.58%
85.15% 18.65% 19.42% 19.34% 19.83%
No. of Shareholders 55,39759,49984,91482,58783,916

* 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.

Documents

Announcements

Annual reports

DRHP

Concalls