Delhivery

    DELHIVERY
    Telecom
    ₹375.00
    Price as of 26 Oct 2026, 4:52 pm IST

    Market cap ₹28,107 Cr

    P/E
    309.92
    Day range
    ₹364.65 – ₹376.90
    52-week range
    ₹364.65 – ₹524.00
    Volume
    23.87 L
    Open
    ₹368.00
    Prev close
    ₹370.00

    Latest results · Q1 FY27(consolidated)Revenue ₹2,931 Cr+27.8%Profit ₹32 Cr-65.0%Margin 1.1%YoY vs the same quarter last year

    No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.

    F&O margin for one lot of DELHIVERY (2,075 shares)

    Research profile

    Composite 38 / 100

    Factor percentiles

    Value41
    Quality24
    Momentum27
    Low volatility62

    Derived metrics

    Earn. yield
    0.3%
    Graham no.
    ₹68.49
    vs Graham
    -81.7%
    ROE ÷ P/B
    0.6%
    12-1 mom.
    -8.2%
    Return / vol
    -0.68
    Magic Formula
    #619
    Piotroski
    3/6
    FCF yield
    1.8%

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 21 in Telecom
    Largest Telecom companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    Bharti AirtelBHARTIARTL₹11.96 L Cr40.017.7225.7%18.0%57.0%1.31+18.3%
    Vodafone IdeaIDEA₹1.29 L Cr3.46—-225.2%-2.0%43.0%—+6.1%
    Indus TowersINDUSTOWER₹1.03 L Cr14.342.5319.8%19.0%53.0%0.53+4.6%
    Bharti HexacomBHARTIHEXA₹81,475 Cr44.6811.4526.5%21.0%53.0%0.86+10.9%
    Tata CommunicationsTATACOMM₹47,929 Cr43.4913.9030.8%15.0%21.0%3.93+9.6%
    Sterlite TechnologiesSTLTECH₹44,597 Cr63.099.362.6%8.0%32.0%0.22+144.6%
    HFCLHFCL₹37,435 Cr42.696.507.3%11.0%25.0%0.33+143.7%
    DelhiveryDELHIVERY₹28,107 Cr309.922.871.6%1.0%4.8%0.15+27.8%
    Sector median₹20,935 Cr42.534.2910.9%11.0%25.0%0.33+13.0%

    Sector as classified in the tracked universe; medians use every tracked Telecom company, and P/E only profitable ones. Tinted figures beat the median.

    Latest news

    Updated 8d ago

    Headlines about Delhivery from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.

    Key metrics

    P/E (TTM)
    232.0
    Price / Book
    2.91
    ROE (FY26)
    1.6%
    ROCE (latest year)
    1%
    Dividend yield
    0.00%

    Moving averages (NSE)

    20-day
    ₹404.59
    Price below
    50-day
    ₹431.26
    Price below
    200-day
    ₹443.81
    Price below

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +13.3%
    Revenue YoY (Jun 2026)
    +27.8%
    Profit YoY (Jun 2026)
    -64.8%
    Operating margin
    4.8%
    Net margin
    1.1%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    -1K Cr0 Cr1K Cr2K Cr3K Cr
    • Revenue
    • Net profit

    Operating margin

    Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jun 2026-8%0%8%

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Dec '24Mar '25Jun '25Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • DII
    • FII
    • Public
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-4K Cr-2K Cr0 Cr2K Cr4K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY20FY21FY22FY23FY24FY25FY26-30%-20%-10%0%10%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr2.5K Cr5K Cr7.5K Cr10K Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260x0.5x1x

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales1,9422,1942,0762,1722,1902,3782,1922,2942,5592,8052,8502,931
    Expenses1,9572,0892,0302,0762,1392,2782,0722,1532,4912,5962,6362,792
    Operating Profit-1610546965110011914168209214139
    OPM %-0.8%4.8%2.2%4.4%2.3%4.2%5%6%2.7%7%8%4.8%
    Other Income10112311110512099129130965270114
    Interest202227283133343439373434
    Depreciation171183200119131142142147178187183189
    Profit before tax-10523-71539247290-53376730
    Tax %-2%50%-3%-3%-18%-5%-1%-2%-5%-8%-8%-5%
    Net Profit-10312-685410257391-50407232
    EPS in Rs₹-1.40₹0.16₹-0.93₹0.74₹0.14₹0.34₹0.97₹1.22₹-0.67₹0.53₹0.97₹0.43

    From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Working-capital cycle

    Debtor Days48

    -12 days since Mar 2021

    Cash Conversion Cycle48

    -12 days since Mar 2021

    Working Capital Days37

    -52 days since Mar 2021

    Strengths, risks & growth

    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]

    Strengths

    • Company's working capital requirements have reduced from 71.1 days to 37.2 days

    Risks

    • Stock is trading at 2.86 times its book value
    • Though the company is reporting repeated profits, it is not paying out dividend
    • Company has low interest coverage ratio.
    • Company has a low return on equity of -0.53% over last 3 years.
    • Earnings include an other income of Rs.332 Cr.

    Compounded Sales Growth

    10 Years
    —
    5 Years
    +24%
    3 Years
    +13%
    TTM
    +23%

    Compounded Profit Growth

    10 Years
    —
    5 Years
    +14%
    3 Years
    +26%
    TTM
    -40%

    Stock Price CAGR

    10 Years
    —
    5 Years
    —
    3 Years
    -4%
    1 Year
    -21%

    Return on Equity

    10 Years
    —
    5 Years
    -6%
    3 Years
    -1%
    Last Year
    0%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    FII48.57%48.23%41.93%39.54%-2.39 pp
    DII34.98%36.27%43.07%45.95%+2.88 pp
    Government0.00%0.00%0.00%0.01%+0.01 pp
    Public16.43%15.51%15.00%14.51%-0.49 pp

    Filed with NSE for Sept 2026: promoters 0.00%, public 100.00% · XBRL filing

    Analysts & fund holdings

    84%
    84% recommend buy
    19 analysts cover the stock
    Valuation vs Transportation Infrastructure
    P/E309.9 vs 41.0
    Sector P/B5.67
    Beta0.61

    Who holds the shares, quarter by quarter

    Mutual funds 41.55% (+2.29 pp)
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Sept 26
    • Promoters0.0%
    • Foreign institutions39.5%
    • Mutual funds41.5%
    • Insurance3.3%
    • Other domestic institutions1.1%
    • Retail4.1%
    • Others10.4%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    HDFC Mid Cap Fund4.23%1.27%-0.21 pp
    Mirae Asset Large & Midcap Fund2.78%1.98%-0.13 pp
    Mirae Asset ELSS Tax Saver Fund1.94%2.41%-0.00 pp
    Mirae Asset Midcap Fund1.92%3.01%+0.18 pp
    SBI Contra Fund1.86%1.26%-0.12 pp

    Scorecard

    Performance
    Low
    Valuation
    High
    Growth
    Low
    Profitability
    Avg
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 275 daily sessions to 23 Oct 2026.

    Computed

    Risk

    Volatility (1Y)
    31.0%
    Downside volatility
    32.0%
    Worst 5% of days
    3.1%
    Average of that tail
    4.2%
    Max drawdown (1Y)
    28.9%
    Below its peak
    28.9%

    Against the market

    Beta vs Nifty 50
    1.03
    Correlation
    0.44
    Relative strength (3M)
    -15.2%
    ATR (14)
    3.4%

    Return

    Return 1M
    -14.1%
    Return 3M
    -20.5%
    Return 6M
    -20.0%
    Return 1Y
    -21.2%
    vs 200-day average
    -16.6%

    Momentum

    RSI (14) · oversold
    27.1
    MACD histogram
    -1.53
    Stochastic %K
    7.0
    ADX (14)
    30.8
    +DI / −DI
    10.9 / 33.7
    Money flow index
    45.8

    Participation

    Delivery (20d avg)
    53.6%
    vs its 60-day baseline
    -0.8 pts
    Volume vs 20-day
    -0.3σ
    Close vs day's VWAP
    -0.4%
    52-week position
    0 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Financial quality

    From consolidated statements to 31 Mar 2026.

    Computed

    Piotroski F-Score

    3 of 6 tested

    • Return on assets positive — passed
    • Operating cash flow positive — not testableno cash flow statement for this period
    • Return on assets improving — failed
    • Cash flow exceeds profit — not testableneeds cash flow and profit against assets
    • Debt to assets falling — passed
    • Current ratio improving — failed
    • No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
    • Operating margin improving — failed
    • Asset turnover improving — passed
    Free cash flow
    ₹489 Cr
    FCF yield
    1.8%
    Cash conversion
    5.98
    Accruals ratio
    -0.059
    Net debt
    ₹1,221 Cr
    Net debt / equity
    0.13
    EV / sales
    2.60
    Capex intensity
    4.0%
    Revenue CAGR
    30.0%
    Profit CAGR
    -0.2%

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Corporate actions

    • other
      Not available — not reported in this filing

      Annual General Meeting

      20 Sept 2023
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      20 Sept 2022
      ex-date

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Delhivery Limited will host earnings conference call on Friday, October 30, 2026, at 06:00 P.M. (IST) to discuss its Unaudited Standalone & Consolidated Financial Results and developments ....

    Board MeetingPrice-sensitive
    Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026

    Delhivery Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve the Unaudited Financial Results for ....

    Company Update
    Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    Certificate pursuant to the Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018

    Company Update
    Press Release

    Delhivery Wins Golden Peacock Award for Excellence in Corporate Governance 2026

    Company Update
    Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    Intimation of Allotment of 2,28,116 Equity Shares upon exercise of vested Options

    Company Update
    Grant Of Stock Options

    Intimation of Grant of Stock Options

    Insider Trading / SAST
    Closure of Trading Window

    Delhivery Limited has informed the Exchange regarding the trading window closure from Thursday, October 01, 2026

    Company Update
    Grant Of Stock Options

    Grant of 9,00,000 Stock Options under Delhivery Employees Stock Option Plan IV, 2021

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Disclosure of Voting results of AGM and Scrutinizer Report

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Summary of proceedings of 15th Annual General Meeting of the Company held on Tuesday, September 22, 2026

    Company Update
    Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    Intimation of allotment of 1,27,439 equity shares upon exercise of vested options.

    Company Update
    Grant Of Stock Options

    Intimation of Grant of Stock Options

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper Publication on information regarding E-voting at 15th Annual General Meeting (Post AGM Notice Dispatch)

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Delhivery Limited has informed the Exchange about Schedule of Investors' Conference / Analyst Meet

    Company Update
    Announcement Under Regulation 30(LODR)-Letter To Shareholders For Annual Report & AGM Notice

    Delhivery Limited has informed the Exchange about Letter to Shareholders providing web-link and exact path to the Notice of 15th Annual General Meeting and Annual Report for the Financial Year 2025-26

    Filed with BSE (scrip 543529); the last 45 days. Documents open at bseindia.com.

    Documents

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 8 Aug 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.

    FAQ

    Delhivery: common questions

    Answered from the figures on this page.

    Delhivery last traded at ₹375.00 (NSE, as of 26 Oct 2026). The last session moved it up 1.35%.

    Delhivery is valued at about ₹28,107 crore (NSE, as of 26 Oct 2026).

    Delhivery trades at a price-to-earnings ratio of 309.92 (NSE, as of 26 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    Delhivery has traded between ₹364.65 and ₹524.00 over the past 52 weeks, to 26 Oct 2026. It is currently 6% of the way up that range.

    Delhivery (DELHIVERY) is classified under Telecom on this site's screener.