Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,942 | 2,194 | 2,076 | 2,172 | 2,190 | 2,378 | 2,192 | 2,294 | 2,559 | 2,805 | 2,850 | 2,931 |
| Expenses | 1,957 | 2,089 | 2,030 | 2,076 | 2,139 | 2,278 | 2,072 | 2,153 | 2,491 | 2,596 | 2,636 | 2,792 |
| Operating Profit | -16 | 105 | 46 | 96 | 51 | 100 | 119 | 141 | 68 | 209 | 214 | 139 |
| OPM % | -0.8% | 4.8% | 2.2% | 4.4% | 2.3% | 4.2% | 5% | 6% | 2.7% | 7% | 8% | 4.8% |
| Other Income | 101 | 123 | 111 | 105 | 120 | 99 | 129 | 130 | 96 | 52 | 70 | 114 |
| Interest | 20 | 22 | 27 | 28 | 31 | 33 | 34 | 34 | 39 | 37 | 34 | 34 |
| Depreciation | 171 | 183 | 200 | 119 | 131 | 142 | 142 | 147 | 178 | 187 | 183 | 189 |
| Profit before tax | -105 | 23 | -71 | 53 | 9 | 24 | 72 | 90 | -53 | 37 | 67 | 30 |
| Tax % | -2% | 50% | -3% | -3% | -18% | -5% | -1% | -2% | -5% | -8% | -8% | -5% |
| Net Profit | -103 | 12 | -68 | 54 | 10 | 25 | 73 | 91 | -50 | 40 | 72 | 32 |
| 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 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,654 | 2,781 | 3,647 | 6,882 | 7,225 | 8,142 | 8,932 | 10,508 | 11,145 |
| Expenses | 3,272 | 2,952 | 3,769 | 7,357 | 7,677 | 8,015 | 8,556 | 9,868 | 10,515 |
| Operating Profit | -1,618 | -171 | -123 | -475 | -452 | 127 | 376 | 640 | 630 |
| OPM % | -98% | -6% | -3.4% | -7% | -6% | 1.6% | 4.2% | 6% | 6% |
| Other Income | 41 | 207 | 150 | 156 | 319 | 439 | 442 | 340 | 332 |
| Interest | 36 | 49 | 89 | 100 | 89 | 89 | 126 | 144 | 144 |
| Depreciation | 170 | 256 | 355 | 611 | 831 | 722 | 535 | 695 | 737 |
| Profit before tax | -1,783 | -269 | -416 | -1,029 | -1,053 | -244 | 157 | 140 | 81 |
| Tax % | 0% | 0% | 0% | -2% | -4% | 2% | -3% | -9% | |
| Net Profit | -1,783 | -269 | -416 | -1,011 | -1,008 | -249 | 162 | 153 | 93 |
| EPS in Rs | -18,607.05 | -2,758.26 | -2,492.60 | -15.75 | -13.83 | -3.38 | 2.17 | 2.04 | 1.26 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 24% | 13% | 23% | ||
| Compounded Profit Growth | % | 14% | 26% | -40% | ||
| Stock Price CAGR | % | % | 0% | -7% | ||
| Return on Equity | % | -6% | -1% | 0% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.96 | 0.98 | 2 | 64 | 73 | 74 | 75 | 75 |
| Reserves | 3,348 | 3,130 | 2,800 | 5,893 | 9,104 | 9,071 | 9,358 | 9,612 |
| Borrowings | 450 | 794 | 1,152 | 1,102 | 923 | 1,169 | 1,422 | 1,463 |
| Other Liabilities | 264 | 432 | 644 | 1,192 | 1,090 | 1,139 | 1,209 | 1,627 |
| Total Liabilities | 4,063 | 4,357 | 4,598 | 8,251 | 11,191 | 11,453 | 12,063 | 12,777 |
| Fixed Assets | 488 | 744 | 1,053 | 3,052 | 2,995 | 3,354 | 3,887 | 5,432 |
| CWIP | 1 | 32 | 77 | 60 | 23 | 29 | 33 | 1 |
| Investments | 1,155 | 1,188 | 1,128 | 2,091 | 2,094 | 2,776 | 3,578 | 2,961 |
| Other Assets | 2,419 | 2,394 | 2,340 | 3,048 | 6,078 | 5,295 | 4,565 | 4,383 |
| Total Assets | 4,063 | 4,357 | 4,598 | 8,251 | 11,191 | 11,453 | 12,063 | 12,777 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -243 | -634 | 5 | -241 | -30 | 472 | 567 | 911 |
| Cash from Investing Activity | -939 | -933 | 338 | -2,742 | -3,408 | -99 | -102 | -474 |
| Cash from Financing Activity | 2,858 | -17 | -147 | 2,902 | 3,538 | -366 | -432 | -532 |
| Net Cash Flow | 1,676 | -1,583 | 196 | -81 | 100 | 8 | 33 | -94 |
| Free Cash Flow | -399 | -847 | -244 | -780 | -624 | 4 | 92 | 506 |
| CFO/OP | 14% | 344% | -19% | 48% | -9% | 402% | 158% | 146% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47 | 79 | 60 | 53 | 77 | 64 | 58 | 48 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 47 | 79 | 60 | 53 | 77 | 64 | 58 | 48 |
| Working Capital Days | 21 | 88 | 89 | 41 | 178 | 109 | 68 | 37 |
| ROCE % | -7% | -8% | -17% | -11% | -2% | 2% | 1% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FIIs | 65.50% | 62.71% | 63.63% | 61.16% | 55.02% | 53.75% | 51.99% | 52.95% | 51.65% | 48.57% | 48.23% | 41.93% |
| DIIs | 14.68% | 17.02% | 19.62% | 22.03% | 28.56% | 28.99% | 30.04% | 29.60% | 32.05% | 34.98% | 36.27% | 43.07% |
| Public | 19.81% | 20.27% | 16.73% | 16.81% | 16.41% | 17.27% | 17.99% | 17.46% | 16.30% | 16.43% | 15.51% | 15.00% |
| No. of Shareholders | 83,575 | 94,011 | 92,984 | 1,28,985 | 1,39,715 | 1,62,318 | 1,72,942 | 1,77,546 | 1,60,797 | 1,67,966 | 1,67,299 | 1,75,609 |
Fundamentals
Market Cap₹ 31,276 Cr.
Current Price₹ 417
Stock P/E262
Book Value₹ 129
ROCE1.01 %
ROE-0.21 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)23%
Compounded Profit Growth (TTM)-40%
Consolidated figures.
Valuation
Market capRs 29,471 Cr
Enterprise valueRs 30,238 Cr
P/E (TTM)315.07x
Price to book3.22x
Price to sales2.64x
EV / EBITDA31.43x
EV / EBIT134.46x
EV / sales2.71x
Price to cash flow62.39x
Earnings yield0.32%
P/B, 3-year average3.11x
P/B, 5-year average3.11x
Profitability
Operating margin (excl. other income)1.56%
Operating margin (incl. other income)6.95%
EBITDA margin8.63%
Pre-tax margin0.73%
Net profit margin0.84%
Net margin, latest quarter1.09%
ROE-2.72%
ROCE-1.53%
ROA-2.20%
ROE, 3-year average-13.04%
ROCE, 3-year average-9.88%
ROA, 3-year average-9.44%
ROE, 5-year average-12.29%
ROCE, 5-year average-8.73%
ROA, 5-year average-8.80%
ROIC (approx.)2.31%
Tax rate-1.94%
Other income / net worth4.80%
Growth
Sales growth (latest year)12.68%
Sales CAGR, 3 years30.70%
Sales CAGR, 5 years37.54%
Sales growth QoQ2.83%
Profit growth QoQ-55.93%
Sales growth YoY (latest quarter)27.76%
Profit growth YoY (latest quarter)-64.95%
Per share
EPS (TTM)Rs 1.27
EPS (latest year)Rs -3.38
EPS (latest quarter)Rs 0.43
EPS, 3-year averageRs -10.99
EPS, 5-year averageRs -1,068.59
Book value per shareRs 124.12
Sales per shareRs 151.27
Cash flow per shareRs 6.41
Free cash flow per shareRs 6.87
Efficiency
Asset turnover0.71x
Fixed asset turnover2.43x
Inventory turnover377.84x
Inventory days1 days
Debtor days64 days
Debtors turnover5.69x
Cash conversion cycle48 days
Working capital days37 days
Leverage
Total debtRs 1,169 Cr
Cash and bankRs 403 Cr
Net debtRs 766 Cr
Debt to equity0.13x
Net debt / EBITDA0.80x
Interest coverage1.56x
Current ratio (filing 2026-03-31)2.59x
Quick ratio (filing 2026-03-31)2.58x
Trade payables (filing 2026-03-31)Rs 1,132 Cr
Owners' fund to total sources79.84%
Debt to assets10.21%
Cash flow
Cash from Operating Activity (latest year)Rs 472 Cr
Cash from Investing Activity (latest year)Rs -99 Cr
Cash from Financing Activity (latest year)Rs -366 Cr
Net Cash Flow (latest year)Rs 8 Cr
Free cash flow (latest year)Rs 506 Cr
FCFE (approx.: FCF + change in debt)Rs 752 Cr
Sales to cash flow17.23x
Statement figures
Net sales (TTM)Rs 11,145 Cr
Net sales (latest year)Rs 8,142 Cr
Sales (latest quarter)Rs 2,931 Cr
Operating profit excl. other income (latest year)Rs 127 Cr
Operating profit (latest quarter)Rs 139 Cr
Other income (TTM)Rs 332 Cr
EBITDA (TTM)Rs 962 Cr
PBDT (TTM)Rs 818 Cr
Profit before tax (TTM)Rs 81 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs 94 Cr
Net profit (latest year)Rs -249 Cr
Net profit (latest quarter)Rs 32 Cr
Depreciation (TTM)Rs 737 Cr
Depreciation (latest quarter)Rs 189 Cr
Interest (TTM)Rs 144 Cr
Cost of goods sold (latest year)Rs 6,208 Cr
Total expenditure (latest year)Rs 8,015 Cr
Total income (latest year)Rs 8,581 Cr
Share capitalRs 74 Cr
ReservesRs 9,071 Cr
Shareholders' fundsRs 9,145 Cr
Total assetsRs 11,453 Cr
Net blockRs 3,354 Cr
Capital work in progressRs 29 Cr
InvestmentsRs 2,776 Cr
ReceivablesRs 1,430 Cr
InventoryRs 16 Cr
Other liabilitiesRs 1,139 Cr
Shares outstanding (crore)73.68
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 3.22 is at the 6th percentile (median 5.00).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | DELHIVERY | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.2% | -2.8% | -3.4 pts |
| 1 month | -13.2% | -6.8% | -6.4 pts |
| 3 months | -21.2% | -7.6% | -13.6 pts |
| 6 months | -4.0% | +0.4% | -4.4 pts |
| 1 year | -12.2% | -9.9% | -2.2 pts |
| 2 years | -7.7% | -13.6% | +5.8 pts |
| 3 years | -3.1% | +14.2% | -17.3 pts |
220 mutual fund schemes hold about ₹13,716 Cr.
Over three months 169 bought more and 38 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HDFC Mid Cap Fund | 1.33% | 1,439 | +14% |
| Mirae Asset Large & Midcap Fund | 1.97% | 901 | +18% |
| SBI Contra Fund | 1.33% | 633 | +22% |
| Mirae Asset ELSS Tax Saver Fund | 2.29% | 605 | +21% |
| Mirae Asset Midcap Fund | 2.88% | 602 | +29% |
| SBI Balanced Advantage Fund | 1.18% | 496 | +22% |
| Nippon India Small Cap Fund | 0.58% | 480 | +16% |
| SBI Large & Midcap Fund | 0.99% | 420 | +18% |
| SBI Multi Asset Allocation Fund(A | 1.88% | 394 | +13% |
| Invesco India Contra Fund | 1.60% | 331 | +29% |
| SBI ELSS Tax Saver Fund | 0.87% | 276 | +23% |
| Axis ELSS-Tax Saver Fund | 0.83% | 271 | +20% |
| Nippon India Multi Cap Fund | 0.47% | 265 | -6% |
| Franklin India Focused Equity Fund | 2.10% | 242 | +22% |
| Invesco India Focused Fund | 3.62% | 233 | +8% |
| Kotak Arbitrage Fund(M | 0.30% | 226 | +32% |
| Sundaram Mid Cap Fund | 1.46% | 217 | +16% |
| HSBC Small Cap Fund | 1.13% | 215 | +15% |
| Sundaram Mid Cap Fund | 1.46% | 212 | +16% |
| Invesco India Smallcap Fund | 1.25% | 197 | +4% |
| Franklin India Small Cap Fund | 1.32% | 195 | +32% |
| Canara Rob Small Cap Fund | 1.23% | 181 | +17% |
| Mirae Asset Multicap Fund | 2.71% | 153 | +15% |
| Sundaram Large and Mid Cap Fund | 2.08% | 150 | +14% |
| Axis Small Cap Fund | 0.47% | 146 | +15% |
Red flags
F-score 5 of 8| explain | Share dilution Share count up 1% in a year, 43241% in three |
| look | Repeated losses Net loss in each of the last two years |
| look | Regulator order or action Regulator order or action 2026-08-07: Delhivery Limited has informed the Exchange about Action(s) taken or orders passed |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹2,931 Cr +27.8% vs Jun 2025.
Net profit ₹32 Cr -64.8%.
Activity
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| Container Corporation Of India Ltd | 33,778 | 27.2 | 12.6 % |
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| VRL Logistics Ltd | 4,946 | 18.5 | 18.3 % |
| Afcom Holdings Ltd | 4,248 | 29.0 | 28.0 % |
| Mahindra Logistics Ltd | 4,229 | 107 | 7.36 % |
| Gateway Distriparks Ltd | 2,577 | 10.5 | 10.8 % |
| TCI Express Ltd | 2,046 | 22.4 | 14.6 % |
| Skyways Air Services Ltd | 1,675 | 31.4 | 13.2 % |
| Allcargo Logistics Ltd | 1,580 | 34.4 | 4.83 % |
| Navkar Corporation Ltd | 1,302 | 32.6 | 3.06 % |
| Allcargo Global Ltd | 1,297 | -6.09 % | |
| Reliance Industrial Infrastructure Ltd | 1,023 | 84.3 | 3.01 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2023-09-20 | Annual General Meeting | |
| 2022-09-20 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.60
Max pain (expiry 2026-10-27)415
Largest call open interest at430
Largest put open interest at390
Implied volatility, at the money28.3%
Underlying at snapshot400.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
| Trade date | Shares sold short |
|---|---|
| 2026-09-29 | 200 |
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Delhivery Ltd?
Delhivery Ltd (DELHIVERY) has a market capitalisation of Rs 31,276 Cr. at the 2026-10-01 close.
What is the P/E ratio of Delhivery Ltd?
Delhivery Ltd trades at a P/E of 262 on trailing twelve-month profit, at the 2026-10-01 close.
What were Delhivery Ltd's latest quarterly results?
In the Jun 2026 quarter, Delhivery Ltd sales was Rs 2,931 Cr (+27.8% vs Jun 2025) and net profit was Rs 32 Cr.
What is the 52-week high and low of Delhivery Ltd?
The 52-week high is Rs 524.00 and the 52-week low is Rs 374.45.