Delhivery Limited
NSE: DELHIVERY · Logistics Solution Provider · sector
₹375.00NSE close 2026-10-26
Key numbers
Market cap₹28,082 cr
Price₹375.00
52w high / low₹524 / ₹374
P/E300.0xSector median 13.7x
P/B2.9xSector median 1.4x
Book value₹129.4
Dividend yield–Sector median 0.60%
ROE1.0%Sector median 9.1%
ROCE2.2%Sector median 11.4%
OPM5.5%Sector median 7.0%
Debt / equity0.00xSector median 0.24x
EV/EBITDA43.0xSector median 8.9x
Interest cover1.5x
Current ratio2.59x
Sales growth 3y+13.3%Sector median +7.7%
Profit growth 3y–Sector median -9.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 51 companies in Logistics Solution Provider (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,982 cr vs borrowings ₹3 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹199 cr → ₹3 cr).
- Operating profit covered interest 1.5x in the last 12 months.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 367% of net profit in the last 12 months.
- Debtor days went from 64 (FY24) to 48 (FY26).
- No dividend in the last 5 financial years.
- Price ₹375.00 on 2026-10-26: -28.4% from the 52-week high, +0.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹507.70 · low ₹243.35
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,190 | 2,378 | 2,192 | 2,294 | 2,559 | 2,805 | 2,850 | 2,931 |
| EBITDA | 57 | 102 | 119 | 149 | 68 | 181 | 216 | 142 |
| OPM % | 2.6% | 4.3% | 5.4% | 6.5% | 2.7% | 6.5% | 7.6% | 4.9% |
| Other income | 120 | 99 | 112 | 130 | 92 | 77 | 59 | 114 |
| Net profit | 10 | 25 | 73 | 91 | -50 | 40 | 72 | 32 |
| EPS (₹) | 0.14 | 0.34 | 0.97 | 1.22 | -0.68 | 0.53 | 0.97 | 0.43 |
| Revenue YoY | +16.9% | +17.9% | +30.0% | +27.8% | ||||
| Profit YoY | -593.9% | +58.5% | -0.2% | -65.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 6,882 | 7,225 | 8,142 | 8,932 | 10,508 | 11,145 |
| EBITDA | -472 | -452 | 104 | 371 | 614 | 607 |
| Net profit | -1,011 | -1,008 | -249 | 162 | 153 | 94 |
| EPS (₹) | -16.98 | -14.09 | -3.40 | 2.19 | 2.04 | 1.25 |
| Revenue growth | +5.0% | +12.7% | +9.7% | +17.6% | +23.1% | |
| Profit growth | – | – | – | -5.8% | -53.0% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +13.3% | – | +23.1% |
| Net profit | – | – | -52.9% |
| EPS | – | – | – |
| Share price | – | +0.1% (2y) | -18.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 9,177 | 9,145 | 9,432 | 9,687 |
| Borrowings | – | 199 | 126 | 40 | 3 |
| Cash & equivalents | – | 2,127 | 2,181 | 2,892 | 1,982 |
| Total assets | – | 11,189 | 11,453 | 12,063 | 12,777 |
| Fixed assets | – | 795 | 932 | 2,484 | 2,914 |
| Capital work in progress | – | 22 | 29 | 33 | 1 |
| Investments | – | 350 | 998 | 694 | 0 |
| Receivables | – | 944 | 1,430 | 1,412 | 1,371 |
| Inventory | – | 19 | 16 | 16 | 24 |
| Payables | – | 787 | 797 | 855 | 1,132 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -241 | -27 | 472 | 567 | 911 |
| Cash from investing | -2,742 | -3,411 | -99 | -104 | -479 |
| Cash from financing | 2,902 | 3,538 | -366 | -432 | -532 |
| Capex | 544 | 601 | 565 | 483 | 422 |
| Free cash flow | -784 | -628 | -93 | 84 | 489 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -11.0% | -2.7% | 1.7% | 1.6% |
| ROCE % | – | -10.4% | -1.8% | 2.9% | 2.9% |
| Debtor days | – | 48 | 64 | 58 | 48 |
| Inventory days | – | 4,483 | 1 | 1 | 1 |
| Payable days | – | 1,82,350 | 36 | 35 | 39 |
| Cash conversion cycle (days) | – | -1,77,819 | 29 | 24 | 10 |
| Working capital days | – | 286 | 206 | 186 | 106 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| FIIs | 39.53% |
| DIIs | 45.95% |
| of which Mutual funds | 41.55% |
| of which Insurance | 3.34% |
| Government | 0.01% |
| Public (non-institutions) | 14.51% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public holders above 1% | % |
|---|---|
| Mirae Asset Elss TAX Saver Fund | 7.63% |
| SBI Contra Fund | 7.01% |
| SVF Doorbell (Cayman) Ltd | 6.79% |
| HDFC Mutual Fund - HDFC Mid-cap Fund | 5.53% |
| Invesco India Aggressive Hybrid Fund | 3.07% |
| Nippon Life India Trustee Ltd-a/c Nippon India Nifty 500 Equal Weight Index Fund | 2.86% |
| Fedex Express Transportation And Supply Chain Services (I) Pvt. Ltd. | 2.79% |
| Government of Singapore | 2.14% |
| Sundaram Mutual Fund A/C Sundaram Dynamic Asset Allocation Fund | 2.12% |
| Axis Elss TAX Saver Fund | 1.81% |
| Sahil Barua | 1.69% |
| Nexus Ventures III Limited | 1.68% |
| Franklin Build India Fund | 1.64% |
| Canara Robeco Mutual Fund A/C Canara Robeco Small CAP Fund | 1.63% |
| Isif Equity Ex-top 100 Long-short Fund | 1.47% |
1,76,192 shareholders. Pledged: – of promoter shares.
Peers in Logistics Solution Provider
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| CONCOR | ₹31,348 cr | 25.1x | 2.4x | 9.8% | 13.2% | 21.6% | +3.6% | 2.22% |
| DELHIVERY | ₹28,082 cr | 300.0x | 2.9x | 1.0% | 2.2% | 5.5% | +13.3% | – |
| SHADOWFAX | ₹16,722 cr | 128.7x | 9.6x | 6.4% | 7.5% | 5.0% | – | – |
| BLUEDART | ₹10,124 cr | 35.3x | 5.7x | 17.2% | 23.6% | 15.3% | +5.9% | 0.59% |
| TCI | ₹6,508 cr | 14.2x | 2.5x | 19.4% | 15.8% | 10.6% | +9.1% | 1.08% |
| TVSSCS | ₹4,879 cr | 75.7x | 2.4x | 3.4% | 8.3% | 7.0% | – | – |
| VRLLOG | ₹4,687 cr | 17.6x | 4.1x | 24.0% | 28.1% | 20.4% | +6.7% | 3.73% |
| MAHLOG | ₹3,871 cr | 104.6x | 3.3x | 4.8% | 11.9% | 5.5% | +10.9% | 0.46% |
| AFCOM | ₹3,781 cr | 18.9x | 8.3x | 54.4% | 45.9% | 35.1% | – | – |
| GATEWAY | ₹2,323 cr | 9.5x | 1.0x | 10.9% | 13.2% | 21.6% | +15.9% | 7.17% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2023-09-20 | Other | Annual General Meeting |
| 2022-09-20 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Transport & Storage: Land transport via road
- Transport & Storage: Warehousing & storage
| Sector | Services |
| Industry | Logistics Solution Provider |
| Sub-industry | Logistics Solution Provider |
| Symbol | DELHIVERY |
| BSE code | 543529 |
| ISIN | INE148O01028 |
| Face value | ₹1.0 |
| Incorporated | 2011-06-22 |
| Website | www.delhivery.com |
| Plants (India / abroad) | 4,723 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.