Delhivery Limited
₹386.00-₹12.00 (-3.0%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹29,707 Cr
- P/E
- 107.0x
- EV / EBITDA
- 51.5x
- Revenue
- ₹8,252 Cr
- Net margin
- -2.3%
- ROCE
- 1.7%
Price chart
Technical chartScreen technicals →-18.8% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -5.8%
- 3M
- -17.6%
- 6M
- -17.4%
- 1Y
- -18.8%
- 5Y
- -28.7%
52-week range
Day change -₹12.00 (-3.0%) from ₹398 to ₹386 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in DELHIVERY, bought on each weekday since 2022.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 21.8%
Concerns1
- Valuation elevated — PE of 107.0x is 85% above peer average of 57.8x
Rule-based from financial data. Not advice.
About the company
Delhivery Limited provides supply chain solutions in India. It offers express parcel services; part truckload services; supply chain services that provide integrated warehousing and transportation services; point-to-point and multi-point full-truckload services; and cross-border services comprising door-to-door and port-to-port parcel and freight shipping services.
Read moreShow less
Delhivery Limited provides supply chain solutions in India. It offers express parcel services; part truckload services; supply chain services that provide integrated warehousing and transportation services; point-to-point and multi-point full-truckload services; and cross-border services comprising door-to-door and port-to-port parcel and freight shipping services. The company also provides Delhivery Rapid, a network of shared in-city forward fulfillment centers, as well as Delhivery Direct, an on-demand intra-city pickup and delivery service. In addition, it offers SaaS and data solutions, such as the OS1 platform that provides APIs and SDKs; TransportOne, a transport management system solution; and LocateOne and RTOne data solutions for e-commerce companies. The company provides its services to e-commerce marketplaces, direct-to-consumer e-tailers, enterprises, FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive, and manufacturing industries. Delhivery Limited was incorporated in 2011 and is based in Gurugram, India.
- Sector
- Industrials
- Shares outstanding
- 74.8 Cr shares
- ISIN
- INE148O01028
- BSE code
- 543529
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹29,707 Cr
- P/E
- 107.0x
- P/B
- 2.9x
- EV / EBITDA
- 51.5x
- EV / Sales
- 4.0x
- P/S
- 4.0x
- Earnings yield
- 0.9%
- 52-week high
- ₹520.25
- 52-week low
- ₹370.00
Profitability
- Operating margin
- 2.4%
- Net margin
- -2.3%
- EBITDA margin
- 7.8%
- ROE
- -1.7%
- ROCE
- 1.7%
- ROA
- -1.4%
- Dividend payout
- 0.0%
- Tax rate
- 0.0%
- Other income, % of PBT
- -238.7%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹8,252 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.7%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹579 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 939.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -167.3%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹521 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -1402.5%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹9.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.8%
Solvency and efficiency
- Current ratio
- 9.30
- Debt / Equity
- 0.12
- Debt / Assets
- 0.10
- Debt / EBITDA
- 2.01
- Interest coverage
- 2.02
- Financial leverage
- 1.23
- CFO / Net profit
- -3.10
- Cash / Market cap
- 17.6%
- Cash per share
- ₹69.96
- Asset turnover
- 0.63
- Fixed asset turnover
- 3.79
- Capital intensity
- 0.26
- Debtor days
- 63 days
- Cash conversion cycle
- 63 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹1 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹7,865 Cr |
| Sales | Operating profit | ₹387 Cr |
| Operating profit | Interest | ₹125 Cr |
| Operating profit | Depreciation | ₹262 Cr |
| Other income | Depreciation | ₹257 Cr |
| Other income | Profit before tax | ₹113 Cr |
| Profit before tax | Net profit | ₹113 Cr |
Revenue and net profit
Revenue grew 10.7% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹3,500 Cr | -₹356 Cr |
| FY2022 | ₹5,911 Cr | -₹864 Cr |
| FY2023 | ₹6,659 Cr | -₹812 Cr |
| FY2024 | ₹7,454 Cr | -₹168 Cr |
| FY2025 | ₹8,252 Cr | ₹113 Cr |
Cash flows
FY2025: ₹528 Cr from operations, ₹421 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹13 Cr | ₹299 Cr |
| FY2022 | -₹441 Cr | -₹3,336 Cr |
| FY2023 | -₹40 Cr | -₹3,468 Cr |
| FY2024 | ₹521 Cr | ₹374 Cr |
| FY2025 | ₹528 Cr | ₹421 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹8,252 Cr+10.7%1Y
- Net profit
- ₹113 Cr
- Cash from operations
- ₹528 Cr
- Free cash flow
- ₹421 Cr+12.6%1Y
- Revenue CAGR, 5Y
- 21.8%
- EBITDA CAGR, 5Y
- 98.1%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹8,252 Cr | ₹387 Cr | — | ₹113 Cr | ₹528 Cr | ₹421 Cr | 1.1% | +10.7% | -167.3% |
Monthly returns
Month-by-month returns of DELHIVERY across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹12,430 Cr |
| Equity capital | ₹75 Cr |
| Reserves | ₹9,781 Cr |
| Borrowings | ₹1,420 Cr |
| Other liabilities | ₹1,155 Cr |
| Assets | ₹12,430 Cr |
| Fixed assets | ₹2,563 Cr |
| Capital work in progress | ₹33 Cr |
| Investments | ₹5,350 Cr |
| Other assets | ₹4,485 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
DELHIVERY trades at 107.0x earnings against a peer median of 38.3x (a 180% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Delhivery LimitedDELHIVERYthis companyP/E ↑ premium | ₹29,707 Cr | 107.0x | 2.9x | -1.7% | 51.5x |
| AIA Engineering Ltd.AIAENG | ₹36,683 Cr | 34.3x | 5.2x | 17.5% | 22.9x |
| Thermax Ltd.THERMAX | ₹35,324 Cr | 60.8x | 8.7x | 12.4% | 51.7x |
| Apar Industries LtdAPARINDS | ₹30,778 Cr | 33.0x | 6.6x | 22.3% | 18.4x |
| Honeywell Automation India Ltd.HONAUT | ₹29,367 Cr | 56.9x | 7.0x | — | — |
| NBCC (India) LimitedNBCC | ₹28,407 Cr | 45.6x | 11.2x | 16.1% | 58.1x |
| PTC Industries Ltd.PTCIL | ₹27,033 Cr | 684.0x | 20.1x | 3.9% | 430.2x |
| KAYNES TECHNOLOGY INDIA LIMITEDKAYNES | ₹24,763 Cr | 115.0x | 5.7x | 5.2% | 103.5x |
| IRB Infrastructure Developers LimitedIRB | ₹24,693 Cr | 27.4x | 1.6x | 8.0% | 20.1x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
DELHIVERY since 1 January, against earlier years.
Historical volatility
DELHIVERY's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | -1.0% |
| FY2022 | -8.0% |
| FY2023 | -6.0% |
| FY2024 | 2.0% |
| FY2025 | 5.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹8,252 Cr |
| Costs | |
| Interest | ₹125 Cr |
| Expenses | ₹7,865 Cr |
| Operating profitOperating Profit | ₹387 Cr |
| Other income and charges | |
| Profit before tax | ₹113 Cr |
| Tax | |
| Net profitNet Profit | ₹113 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹12,430 Cr |
| Equity capitalEquity Capital | ₹75 Cr |
| Reserves | ₹9,781 Cr |
| Borrowings | ₹1,420 Cr |
| Other liabilitiesOther Liabilities | ₹1,155 Cr |
| AssetsTotal Assets | ₹12,430 Cr |
| Fixed assetsFixed Assets | ₹2,563 Cr |
| Capital work in progressCWIP | ₹33 Cr |
| Investments | ₹5,350 Cr |
| Other assetsOther Assets | ₹4,485 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹528 Cr |
| Investing cash flowCash from Investing Activity | -₹107 Cr |
| Financing cash flowCash from Financing Activity | -₹430 Cr |
| Change in cashNet Cash Flow | -₹9 Cr |
Learn while you research
Academy chapters picked for Delhivery Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 107.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read