Delhivery Limited share price

NSE: DELHIVERY · ISIN INE148O01028

Key numbers

Market cap
₹ 31,673 Cr
Current price
₹ 422.70
52-week high / low
₹ 524 / 374
Stock P/E
340.9
Book value
₹ 129.8
Dividend yield
0.00%
ROCE
2.6%
ROE
1.6%
Debt to equity
0.15
Sales growth (3 yrs)
13.2%
Profit growth (3 yrs)
-
1-year return
-7.3%

About Delhivery Limited

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.

Quarterly results

Consolidated figures in ₹ crores

Mar 2025Jun 2025Dec 2025Mar 2026Jun 2026
Sales2,1922,2942,8052,8502,931
Operating profit-2312231-47
Net profit7391407232
EPS (₹)0.971.220.530.970.43

Concall summary (2026-08-13)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • Overall revenues for Q1FY27 came in at nearly Rs.3000 Cr, up about 28% year-on-year compared to Q1FY26 and EBITDA came in at Rs.156 Cr, which is about a 5% growth year-on-year.
  • We anticipate the overall environment to be more benign going forward and see no major changes to either our FY27 or medium or long-term growth and profitability targets.

Growth & demand

  • Our express business delivered million packages in Q1, which represents a growth of 55% year-on-year and continues to reflect the sustained trust that tens of thousands of e-commerce shippers and clients across the country continue to place in the Delhivery network.
  • We delivered close to about 542,000 tonnes of freight in Q1, which represents a growth of 18% year-on-year.

Margins & costs

  • The second question is, I understand the 1Q margins had many factors, which are external in nature that impacted the service EBITDA margin of 13.1%.
  • So the EBITDA margin impact at the service EBITDA would be at around 0.6%.

Capex & expansion

  • Overall our growth so far in Q1 is 55% YoY, but of course that also has the base effect due to the fact that the Ecom Express acquisition was fully reported from Q2 onwards in the last financial year.
  • Now what we have seen is that even adjusting for the Ecom Express acquisition, our volume growth in Q1 has actually been pretty robust.

Balance sheet & cash

  • The other way is to solve pain points, and that leads to leverage, which leads to margins.
  • Reverse logistics may not work for you as a claim, or a business by itself, but it gives you leverage when you're negotiating contracts, maybe on the forward side of things.

Peers in Integrated Freight & Logistics

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