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Last Updated: March 3, 2026, 2:06 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543529 | NSE: DELHIVERY

Delhivery Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 3, 2026, 2:06 pm

Market Cap 32,029 Cr.
Current Price 428
Intrinsic Value₹504.19
High / Low 490/237
Stock P/E178
Book Value 127
Dividend Yield0.00 %
ROCE2.47 %
ROE1.52 %
Face Value 1.00
PEG Ratio2.23

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Delhivery Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Delhivery Ltd 32,029 Cr. 428 490/237178 1270.00 %2.47 %1.52 % 1.00
Container Corporation Of India Ltd 36,570 Cr. 480 653/45928.6 1681.92 %13.9 %10.8 % 5.00
Aegis Logistics Ltd 15,184 Cr. 433472/28029.5 1041.33 %15.9 %15.9 % 1.00
Mahindra Logistics Ltd 3,872 Cr. 390 435/218 1150.64 %5.64 %7.96 % 10.0
Gateway Distriparks Ltd 2,849 Cr. 57.1 76.5/51.610.6 42.03.50 %12.4 %12.2 % 10.0
Industry Average5,555.22 Cr149.8058.6665.651.08%10.01%23.09%6.93

All Competitor Stocks of Delhivery Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,8241,8601,9301,9422,1942,0762,1722,1902,3782,1922,2942,5592,805
Expenses 1,8981,8461,9431,9572,0892,0302,0762,1392,2782,0722,1532,4912,596
Operating Profit -7513-13-1610546965110011914168209
OPM % -4%1%-1%-1%5%2%4%2%4%5%6%3%7%
Other Income 9475108101123111105120991291309652
Interest 21192020222728313334343937
Depreciation 207242167171183200119131142142147178187
Profit before tax -209-173-92-10523-71539247290-5337
Tax % -6%-8%-3%-2%50%-3%-3%-18%-5%-1%-2%-5%-8%
Net Profit -196-159-89-10312-685410257391-5040
EPS in Rs -2.69-2.18-1.22-1.400.16-0.930.740.140.340.971.22-0.670.53

Last Updated: February 2, 2026, 8:16 am

Below is a detailed analysis of the quarterly data for Delhivery Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

  • For Sales, as of Dec 2025, the value is 2,805.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,559.00 Cr. (Sep 2025) to 2,805.00 Cr., marking an increase of 246.00 Cr..
  • For Expenses, as of Dec 2025, the value is 2,596.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,491.00 Cr. (Sep 2025) to 2,596.00 Cr., marking an increase of 105.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 209.00 Cr.. The value appears strong and on an upward trend. It has increased from 68.00 Cr. (Sep 2025) to 209.00 Cr., marking an increase of 141.00 Cr..
  • For OPM %, as of Dec 2025, the value is 7.00%. The value appears strong and on an upward trend. It has increased from 3.00% (Sep 2025) to 7.00%, marking an increase of 4.00%.
  • For Other Income, as of Dec 2025, the value is 52.00 Cr.. The value appears to be declining and may need further review. It has decreased from 96.00 Cr. (Sep 2025) to 52.00 Cr., marking a decrease of 44.00 Cr..
  • For Interest, as of Dec 2025, the value is 37.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 39.00 Cr. (Sep 2025) to 37.00 Cr., marking a decrease of 2.00 Cr..
  • For Depreciation, as of Dec 2025, the value is 187.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 178.00 Cr. (Sep 2025) to 187.00 Cr., marking an increase of 9.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 37.00 Cr.. The value appears strong and on an upward trend. It has increased from -53.00 Cr. (Sep 2025) to 37.00 Cr., marking an increase of 90.00 Cr..
  • For Tax %, as of Dec 2025, the value is -8.00%. The value appears to be improving (decreasing) as expected. It has decreased from -5.00% (Sep 2025) to -8.00%, marking a decrease of 3.00%.
  • For Net Profit, as of Dec 2025, the value is 40.00 Cr.. The value appears strong and on an upward trend. It has increased from -50.00 Cr. (Sep 2025) to 40.00 Cr., marking an increase of 90.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 0.53. The value appears strong and on an upward trend. It has increased from -0.67 (Sep 2025) to 0.53, marking an increase of 1.20.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 3:45 am

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,6542,7813,6476,8827,2258,1428,9329,850
Expenses 3,2722,9523,7697,3577,6778,0158,5569,313
Operating Profit -1,618-171-123-475-452127376537
OPM % -98%-6%-3%-7%-6%2%4%5%
Other Income 41207150156319439442406
Interest 3649891008989126144
Depreciation 170256355611831722535655
Profit before tax -1,783-269-416-1,029-1,053-244157145
Tax % 0%0%0%-2%-4%2%-3%
Net Profit -1,783-269-416-1,011-1,008-249162153
EPS in Rs -18,607.05-2,758.26-2,492.60-15.75-13.83-3.382.172.05
Dividend Payout % 0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)84.91%-54.65%-143.03%0.30%75.30%165.06%
Change in YoY Net Profit Growth (%)0.00%-139.56%-88.38%143.33%75.00%89.76%

Delhivery Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:26%
3 Years:9%
TTM:8%
Compounded Profit Growth
10 Years:%
5 Years:20%
3 Years:29%
TTM:343%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-6%
1 Year:13%
Return on Equity
10 Years:%
5 Years:-8%
3 Years:-4%
Last Year:2%

Last Updated: September 5, 2025, 3:11 pm

Balance Sheet

Last Updated: December 4, 2025, 2:44 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.960.9826473747575
Reserves 3,3483,1302,8005,8939,1049,0719,3589,454
Borrowings 4507941,1521,1029231,1691,4221,642
Other Liabilities 2644326441,1921,0901,1391,2091,529
Total Liabilities 4,0634,3574,5988,25111,19111,45312,06312,699
Fixed Assets 4887441,0533,0522,9953,3543,8875,491
CWIP 132776023293325
Investments 1,1551,1881,1282,0912,0942,7763,5782,634
Other Assets 2,4192,3942,3403,0486,0785,2954,5654,549
Total Assets 4,0634,3574,5988,25111,19111,45312,06312,699

Below is a detailed analysis of the balance sheet data for Delhivery Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 75.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 75.00 Cr..
  • For Reserves, as of Sep 2025, the value is 9,454.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,358.00 Cr. (Mar 2025) to 9,454.00 Cr., marking an increase of 96.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 1,642.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 1,422.00 Cr. (Mar 2025) to 1,642.00 Cr., marking an increase of 220.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 1,529.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,209.00 Cr. (Mar 2025) to 1,529.00 Cr., marking an increase of 320.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 12,699.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 12,063.00 Cr. (Mar 2025) to 12,699.00 Cr., marking an increase of 636.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 5,491.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,887.00 Cr. (Mar 2025) to 5,491.00 Cr., marking an increase of 1,604.00 Cr..
  • For CWIP, as of Sep 2025, the value is 25.00 Cr.. The value appears to be declining and may need further review. It has decreased from 33.00 Cr. (Mar 2025) to 25.00 Cr., marking a decrease of 8.00 Cr..
  • For Investments, as of Sep 2025, the value is 2,634.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3,578.00 Cr. (Mar 2025) to 2,634.00 Cr., marking a decrease of 944.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 4,549.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4,565.00 Cr. (Mar 2025) to 4,549.00 Cr., marking a decrease of 16.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 12,699.00 Cr.. The value appears strong and on an upward trend. It has increased from 12,063.00 Cr. (Mar 2025) to 12,699.00 Cr., marking an increase of 636.00 Cr..

Notably, the Reserves (9,454.00 Cr.) exceed the Borrowings (1,642.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -243-6345-241-30472567
Cash from Investing Activity + -939-933338-2,742-3,408-99-102
Cash from Financing Activity + 2,858-17-1472,9023,538-366-432
Net Cash Flow 1,676-1,583196-81100833

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-451.00-965.00-124.00-476.00-1,375.00126.00375.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 47796053776458
Inventory Days
Days Payable
Cash Conversion Cycle 47796053776458
Working Capital Days 2188894117810968
ROCE %-7%-8%-17%-11%-2%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
FIIs 67.63%65.57%65.50%62.71%63.63%61.16%55.02%53.75%51.99%52.95%51.65%48.57%
DIIs 13.03%14.58%14.68%17.02%19.62%22.03%28.56%28.99%30.04%29.60%32.05%34.98%
Public 19.34%19.83%19.81%20.27%16.73%16.81%16.41%17.27%17.99%17.46%16.30%16.43%
No. of Shareholders 82,58783,91683,57594,01192,9841,28,9851,39,7151,62,3181,72,9421,77,5461,60,7971,67,966

Shareholding Pattern Chart

No. of Shareholders

Delhivery Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 30,639,800 1.41 1295.9130,339,8002026-02-23 05:09:070.99%
Mirae Asset Large & Midcap Fund 18,501,556 1.85 782.5217,839,7072026-01-26 01:10:103.71%
Mirae Asset ELSS Tax Saver Fund 14,764,697 2.39 624.4714,480,8222026-02-23 05:09:071.96%
Mirae Asset Midcap Fund 12,291,760 2.94 519.8810,901,7602025-12-15 08:47:1412.75%
Nippon India Multi Cap Fund 8,301,116 0.72 351.1N/AN/AN/A
SBI Large & Midcap Fund 7,470,500 0.84 315.967,470,5002025-04-22 17:07:470%
SBI Contra Fund 7,156,013 0.62 302.667,156,0132025-04-22 17:07:470%
Invesco India Contra Fund 6,447,545 1.37 272.7N/AN/AN/A
SBI ELSS Tax Saver Fund 6,043,971 0.8 255.63N/AN/AN/A
HSBC Small Cap Fund 5,606,700 1.58 237.14N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.0010.00
Basic EPS (Rs.) 2.19-3.40-14.09-16.98-8.05
Diluted EPS (Rs.) 2.14-3.40-14.09-16.98-8.05
Cash EPS (Rs.) 9.256.29-2.61-6.18-374.30
Book Value[Excl.RevalReserv]/Share (Rs.) 126.51124.11125.9492.7817154.92
Book Value[Incl.RevalReserv]/Share (Rs.) 126.51124.11125.9492.7817154.92
Revenue From Operations / Share (Rs.) 119.80110.5099.15107.1822330.23
PBDIT / Share (Rs.) 10.947.86-2.01-4.92421.52
PBIT / Share (Rs.) 3.77-1.93-13.42-14.43-1750.07
PBT / Share (Rs.) 2.01-3.44-14.64-15.98-2545.88
Net Profit / Share (Rs.) 2.08-3.50-14.02-15.69-2545.88
NP After MI And SOA / Share (Rs.) 2.17-3.38-13.83-15.74-2545.88
PBDIT Margin (%) 9.137.11-2.02-4.581.88
PBIT Margin (%) 3.14-1.74-13.53-13.46-7.83
PBT Margin (%) 1.68-3.10-14.76-14.90-11.40
Net Profit Margin (%) 1.73-3.16-14.13-14.64-11.40
NP After MI And SOA Margin (%) 1.81-3.06-13.94-14.68-11.40
Return on Networth / Equity (%) 1.71-2.72-10.98-16.97-14.84
Return on Capital Employeed (%) 2.63-1.40-9.86-13.72-7.84
Return On Assets (%) 1.34-2.17-9.00-12.25-9.04
Long Term Debt / Equity (X) 0.000.000.010.010.04
Total Debt / Equity (X) 0.000.010.020.050.10
Asset Turnover Ratio (%) 0.750.710.670.920.77
Current Ratio (X) 4.234.425.422.642.97
Quick Ratio (X) 4.224.415.402.622.94
Inventory Turnover Ratio (X) 542.870.000.000.000.00
Interest Coverage Ratio (X) 6.496.54-1.65-3.170.77
Interest Coverage Ratio (Post Tax) (X) 2.27-1.66-10.50-9.13-3.22
Enterprise Value (Cr.) 18723.4532539.0123776.070.000.00
EV / Net Operating Revenue (X) 2.104.003.290.000.00
EV / EBITDA (X) 22.9556.17-162.120.000.00
MarketCap / Net Operating Revenue (X) 2.134.033.350.000.00
Price / BV (X) 2.023.592.640.000.00
Price / Net Operating Revenue (X) 2.134.033.350.000.00
EarningsYield 0.01-0.01-0.040.000.00

After reviewing the key financial ratios for Delhivery Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 2.19. This value is below the healthy minimum of 5. It has increased from -3.40 (Mar 24) to 2.19, marking an increase of 5.59.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 2.14. This value is below the healthy minimum of 5. It has increased from -3.40 (Mar 24) to 2.14, marking an increase of 5.54.
  • For Cash EPS (Rs.), as of Mar 25, the value is 9.25. This value is within the healthy range. It has increased from 6.29 (Mar 24) to 9.25, marking an increase of 2.96.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 126.51. It has increased from 124.11 (Mar 24) to 126.51, marking an increase of 2.40.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 126.51. It has increased from 124.11 (Mar 24) to 126.51, marking an increase of 2.40.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 119.80. It has increased from 110.50 (Mar 24) to 119.80, marking an increase of 9.30.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 10.94. This value is within the healthy range. It has increased from 7.86 (Mar 24) to 10.94, marking an increase of 3.08.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 3.77. This value is within the healthy range. It has increased from -1.93 (Mar 24) to 3.77, marking an increase of 5.70.
  • For PBT / Share (Rs.), as of Mar 25, the value is 2.01. This value is within the healthy range. It has increased from -3.44 (Mar 24) to 2.01, marking an increase of 5.45.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 2.08. This value is within the healthy range. It has increased from -3.50 (Mar 24) to 2.08, marking an increase of 5.58.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 2.17. This value is within the healthy range. It has increased from -3.38 (Mar 24) to 2.17, marking an increase of 5.55.
  • For PBDIT Margin (%), as of Mar 25, the value is 9.13. This value is below the healthy minimum of 10. It has increased from 7.11 (Mar 24) to 9.13, marking an increase of 2.02.
  • For PBIT Margin (%), as of Mar 25, the value is 3.14. This value is below the healthy minimum of 10. It has increased from -1.74 (Mar 24) to 3.14, marking an increase of 4.88.
  • For PBT Margin (%), as of Mar 25, the value is 1.68. This value is below the healthy minimum of 10. It has increased from -3.10 (Mar 24) to 1.68, marking an increase of 4.78.
  • For Net Profit Margin (%), as of Mar 25, the value is 1.73. This value is below the healthy minimum of 5. It has increased from -3.16 (Mar 24) to 1.73, marking an increase of 4.89.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 1.81. This value is below the healthy minimum of 8. It has increased from -3.06 (Mar 24) to 1.81, marking an increase of 4.87.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 1.71. This value is below the healthy minimum of 15. It has increased from -2.72 (Mar 24) to 1.71, marking an increase of 4.43.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 2.63. This value is below the healthy minimum of 10. It has increased from -1.40 (Mar 24) to 2.63, marking an increase of 4.03.
  • For Return On Assets (%), as of Mar 25, the value is 1.34. This value is below the healthy minimum of 5. It has increased from -2.17 (Mar 24) to 1.34, marking an increase of 3.51.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.00.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. It has decreased from 0.01 (Mar 24) to 0.00, marking a decrease of 0.01.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 0.75. It has increased from 0.71 (Mar 24) to 0.75, marking an increase of 0.04.
  • For Current Ratio (X), as of Mar 25, the value is 4.23. This value exceeds the healthy maximum of 3. It has decreased from 4.42 (Mar 24) to 4.23, marking a decrease of 0.19.
  • For Quick Ratio (X), as of Mar 25, the value is 4.22. This value exceeds the healthy maximum of 2. It has decreased from 4.41 (Mar 24) to 4.22, marking a decrease of 0.19.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 542.87. This value exceeds the healthy maximum of 8. It has increased from 0.00 (Mar 24) to 542.87, marking an increase of 542.87.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 6.49. This value is within the healthy range. It has decreased from 6.54 (Mar 24) to 6.49, marking a decrease of 0.05.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 2.27. This value is below the healthy minimum of 3. It has increased from -1.66 (Mar 24) to 2.27, marking an increase of 3.93.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 18,723.45. It has decreased from 32,539.01 (Mar 24) to 18,723.45, marking a decrease of 13,815.56.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.10. This value is within the healthy range. It has decreased from 4.00 (Mar 24) to 2.10, marking a decrease of 1.90.
  • For EV / EBITDA (X), as of Mar 25, the value is 22.95. This value exceeds the healthy maximum of 15. It has decreased from 56.17 (Mar 24) to 22.95, marking a decrease of 33.22.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.13. This value is within the healthy range. It has decreased from 4.03 (Mar 24) to 2.13, marking a decrease of 1.90.
  • For Price / BV (X), as of Mar 25, the value is 2.02. This value is within the healthy range. It has decreased from 3.59 (Mar 24) to 2.02, marking a decrease of 1.57.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.13. This value is within the healthy range. It has decreased from 4.03 (Mar 24) to 2.13, marking a decrease of 1.90.
  • For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has increased from -0.01 (Mar 24) to 0.01, marking an increase of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Delhivery Ltd as of March 6, 2026 is: ₹280.39

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 6, 2026, Delhivery Ltd is Overvalued by 34.49% compared to the current share price ₹428.00

Intrinsic Value of Delhivery Ltd as of March 6, 2026 is: ₹504.19

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 6, 2026, Delhivery Ltd is Undervalued by 17.80% compared to the current share price ₹428.00

Last 5 Year EPS CAGR: 79.82%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (6,519.75 cr) compared to borrowings (1,081.75 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of -6.14%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 84.86, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 62.57, which may not be favorable.
  4. The company has not shown consistent growth in sales (5.50) and profit (-78.75).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Delhivery Ltd:
    1. Net Profit Margin: 1.73%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 2.63% (Industry Average ROCE: 10.01%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 1.71% (Industry Average ROE: 23.09%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.27
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 4.22
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 178 (Industry average Stock P/E: 58.66)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Delhivery Ltd. is a Public Limited Listed company incorporated on 22/06/2011 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L63090DL2011PLC221234 and registration number is 221234. Currently Company is involved in the business activities of Freight transport by road. Company's Total Operating Revenue is Rs. 8252.45 Cr. and Equity Capital is Rs. 74.56 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Logistics - Warehousing/Supply Chain/OthersN24-N34, S24-S34, New Delhi Delhi 110037Contact not found
Management
NamePosition Held
Mr. Deepak KapoorChairperson (NonExe.&Ind.Director)
Mr. Sahil BaruaManaging Director & CEO
Mr. Kapil BharatiExecutive Director
Mr. Suraj SaharanExecutive Director
Mr. Romesh SobtiInd. Non-Executive Director
Ms. Aruna SundararajanInd. Non-Executive Director
Mr. Saugata GuptaInd. Non-Executive Director
Mr. Srivatsan RajanInd. Non-Executive Director
Mr. Sameer MehtaInd. Non-Executive Director
Ms. Namita ThaparInd. Non-Executive Director
Mr. Padmini SrinivasanInd. Non-Executive Director
Mr. Yashish DahiyaInd. Non-Executive Director

FAQ

What is the intrinsic value of Delhivery Ltd?

Delhivery Ltd's intrinsic value (as of 06 March 2026) is ₹504.19 which is 17.80% higher the current market price of ₹428.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹32,029 Cr. market cap, FY2025-2026 high/low of ₹490/237, reserves of ₹9,454 Cr, and liabilities of ₹12,699 Cr.

What is the Market Cap of Delhivery Ltd?

The Market Cap of Delhivery Ltd is 32,029 Cr..

What is the current Stock Price of Delhivery Ltd as on 06 March 2026?

The current stock price of Delhivery Ltd as on 06 March 2026 is ₹428.

What is the High / Low of Delhivery Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Delhivery Ltd stocks is ₹490/237.

What is the Stock P/E of Delhivery Ltd?

The Stock P/E of Delhivery Ltd is 178.

What is the Book Value of Delhivery Ltd?

The Book Value of Delhivery Ltd is 127.

What is the Dividend Yield of Delhivery Ltd?

The Dividend Yield of Delhivery Ltd is 0.00 %.

What is the ROCE of Delhivery Ltd?

The ROCE of Delhivery Ltd is 2.47 %.

What is the ROE of Delhivery Ltd?

The ROE of Delhivery Ltd is 1.52 %.

What is the Face Value of Delhivery Ltd?

The Face Value of Delhivery Ltd is 1.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Delhivery Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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