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 ₹ 33,404 Cr.
- Current Price ₹ 453
- High / Low ₹ 488 / 341
- Stock P/E
- Book Value ₹ 130
- Dividend Yield 0.00 %
- ROCE -8.23 %
- ROE -10.4 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 3.48 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -13.0% over last 3 years.
- Earnings include an other income of Rs.402 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: Miscellaneous
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|
496 | 738 | 1,019 | 1,654 | 2,777 | 3,500 | 5,911 | 6,659 | 7,298 | |
797 | 1,318 | 1,703 | 3,355 | 2,946 | 3,548 | 6,370 | 7,048 | 7,156 | |
Operating Profit | -301 | -580 | -683 | -1,701 | -169 | -48 | -459 | -389 | 142 |
OPM % | -61% | -79% | -67% | -103% | -6% | -1% | -8% | -6% | 2% |
27 | 14 | 58 | 31 | 188 | 134 | 167 | 320 | 402 | |
Interest | 3 | 13 | 12 | 19 | 49 | 89 | 94 | 86 | 80 |
Depreciation | 40 | 53 | 47 | 92 | 254 | 353 | 478 | 657 | 654 |
Profit before tax | -317 | -631 | -684 | -1,781 | -284 | -356 | -864 | -812 | -189 |
Tax % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | |
-317 | -631 | -684 | -1,781 | -284 | -356 | -864 | -812 | -189 | |
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 | -2.59 |
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: | 79% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 27% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 1 | 1 | 2 | 64 | 73 | 73 |
Reserves | 321 | -1,546 | -2,178 | 3,381 | 3,122 | 2,860 | 6,093 | 9,497 | 9,500 |
Preference Capital | 16 | -0 | -0 | 39 | 39 | 54 | -0 | -0 | |
63 | 11 | 41 | 64 | 755 | 1,098 | 1,055 | 918 | 908 | |
178 | 2,561 | 3,275 | 335 | 467 | 661 | 918 | 1,014 | 1,089 | |
Total Liabilities | 563 | 1,027 | 1,139 | 3,781 | 4,344 | 4,621 | 8,130 | 11,502 | 11,570 |
93 | 60 | 100 | 189 | 740 | 1,049 | 1,437 | 1,536 | 1,560 | |
CWIP | 1 | 0 | 6 | 1 | 27 | 77 | 60 | 23 | 152 |
Investments | 122 | 211 | 284 | 1,160 | 1,197 | 1,163 | 3,706 | 3,945 | 4,133 |
348 | 756 | 749 | 2,431 | 2,381 | 2,333 | 2,927 | 5,997 | 5,725 | |
Total Assets | 563 | 1,027 | 1,139 | 3,781 | 4,344 | 4,621 | 8,130 | 11,502 | 11,570 |
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% |
Documents
Announcements
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 16 Apr
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
10 Apr - Allotment of 1,26,118 equity shares upon exercise of vested options.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Apr
- Compliance Certificate From Practicing Company Secretary Under Regulation 40(9) And 40(10) Of SEBI (LODR) Regulations, 2015 10 Apr
- Compliance Certificate Under Regulation 7(3) Of SEBI LODR For The Year Ended March 31, 2024 10 Apr
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 FY23. It provides full range of logistics services and other value-added services