| Quarterly Financials | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 1,032 | 1,364 | 1,528 | 2,019 | 2,127 | 1,801 | 1,892 | 1,918 | 1,935 | 2,038 | 2,043 | 2,325 | 2,201 | 2,282 | 2,309 | 2,477 | 2,320 | 2,424 | 2,655 |
| Expenses | 1,025 | 1,389 | 2,016 | 1,941 | 2,012 | 2,000 | 1,934 | 1,899 | 1,846 | 1,943 | 1,957 | 2,097 | 2,044 | 2,082 | 2,139 | 2,278 | 2,073 | 2,153 | 2,491 |
| EBITDA | 7 | -25 | -488 | 78 | 115 | -199 | -42 | 20 | 89 | 95 | 86 | 228 | 157 | 201 | 170 | 199 | 248 | 271 | 164 |
| Operating Profit % | -2 % | -5 % | -35 % | 3 % | 3 % | -15 % | -8 % | -4 % | 1 % | -1 % | -1 % | 4 % | 2 % | 4 % | 2 % | 4 % | 5 % | 6 % | 3 % |
| Depreciation | 100 | 82 | 120 | 187 | 223 | 181 | 200 | 207 | 242 | 167 | 171 | 183 | 200 | 119 | 131 | 142 | 143 | 148 | 178 |
| Interest | 25 | 23 | 26 | 28 | 23 | 25 | 24 | 21 | 19 | 20 | 20 | 22 | 27 | 28 | 31 | 33 | 34 | 34 | 39 |
| Profit Before Tax | -118 | -130 | -633 | -136 | -131 | -405 | -266 | -209 | -173 | -92 | -105 | 23 | -71 | 53 | 9 | 24 | 72 | 90 | -53 |
| Tax | 0 | 0 | 2 | -9 | -11 | -6 | -12 | -13 | -14 | -3 | -2 | 12 | -2 | -1 | -2 | -1 | -1 | -1 | -3 |
| Net Profit | -118 | -130 | -635 | -127 | -120 | -399 | -254 | -196 | -159 | -90 | -103 | 12 | -69 | 54 | 10 | 25 | 73 | 91 | -51 |
| EPS in ₹ | -2.29 | -790.33 | -11.03 | -2.18 | -2.01 | -5.87 | -3.43 | -2.65 | -2.14 | -1.23 | -1.40 | 0.16 | -0.93 | 0.74 | 0.14 | 0.34 | 0.97 | 1.22 | -0.68 |
Delhivery
Delhivery
409.80
+3.95
(0.97%)
Key Fundamentals
Market Cap
30,629.08 Cr
EPS
2.19
PE Ratio
230.32
Dividend Yield
0.00 %
Industry
Logistics & Cargo 52 Week High
490.00
52 Week Low
236.53
PB Ratio
3.34
Debt to Equity
0.14
Sector
Logistics Solution Provider Analyst Rating and Forecast
- By Refinitiv from23 analysts
Actual
Company News
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Delhivery Reports Strong Q2 Growth with 32% Express Volume Jump and Successful EcomExpress Integration
Nov 11, 2025
Nov 11, 2025Delhivery Limited reported revenue from services of Rs. 2,546 crores for the quarter ended September 30, 2025, marking 16% year-over-year growth and 11% quarter-over-quarter growth. EBITDA reached Rs. 150 crores with a 5.9% margin, significantly up from Rs. 57 crores in the same quarter last year. Express parcel shipments grew 32.5% year-over-year to 246 million shipments, while PTL freight maintained steady growth at 477K tons. The company completed the EcomExpress acquisition in July 2025 for Rs. 1,369 crores, with integration costs of Rs. 90 crores in the quarter, well within the original Rs. 300 crore estimate. Express parcel margins stood at 15.3%, while PTL margins were at 8.5%. The company achieved record peak dispatch of 7.2 million orders in a single day during the festive season and crossed 100 million transportation orders in September. Cash and cash equivalents remained strong at Rs. 4,200 crores. Management indicated service EBITDA margins are expected to be in the 16-18% range by end of 2026.
Delhivery Limited's Stakeholders Relationship Committee approved the allotment of 1,22,840 equity shares of face value Re. 1 each upon exercise of vested stock options. The allotment includes 79,340 shares under ESOP 2012 and 43,500 shares under ESOP III 2020. The company realized Rs. 7,78,975 from the exercise of these options. Following this allotment, the paid-up share capital increased from Rs. 74,76,53,958 to Rs. 74,77,76,798. The diluted earnings per share stands at Re. 2.31 based on Q2 FY26 earnings. The newly allotted shares rank pari-passu with existing equity shares and are not subject to lock-in restrictions.
Delhivery shares fell 6% to Rs 443.35 following the company's swing to a consolidated net loss of Rs 50.38 crore in the September quarter, compared to a profit of Rs 10.20 crore in the year-ago period. Revenue from operations rose 16.9% year-on-year to Rs 2,559.3 crore. The company reported record shipment volumes with Express Parcel shipments increasing 32% year-on-year to 246 million orders and Part-truckload volumes growing 12% to 477,000 metric tonnes. Integration costs related to the Ecom Express acquisition were Rs 90 crore during the quarter. Delhivery announced a CFO transition with Vivek Pabari taking over from Amit Agarwal effective January 1, 2026, as Agarwal steps down for personal reasons after 13 years with the company.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
511.00 | #1 38,918.68 | 29.88 | 9,333.90 | 3.44 | #1 1,292 | 3.74 | 39.72 | |
409.80 | #2 30,629.08 | #10 230.32 | #2 9,372.00 | #6 9.05 | #6 162 | #10 -595.10 | 30.16 | |
5,732.00 | 13,600.85 | 52.57 | 5,762.20 | 8.34 | 252 | 29.62 | 39.97 | |
662.30 | 11,958.03 | 40.09 | 462.40 | #1 46.10 | -38 | #1 110.83 | 49.00 | |
1,096.70 | 8,411.40 | 20.29 | 4,538.50 | 11.51 | 416 | 5.78 | 35.77 | |
107.18 | 4,728.57 | 83.96 | #1 10,054.10 | 8.72 | -10 | 53.77 | 18.43 | |
265.85 | 4,697.22 | 20.43 | 3,186.40 | 9.51 | 183 | 39.39 | 41.26 | |
320.85 | 3,182.22 | #1 -107.55 | 6,120.70 | 10.80 | -30 | 12.50 | 32.29 | |
58.38 | 2,916.92 | 7.68 | 1,711.70 | 10.20 | 374 | 10.32 | 27.14 | |
587.00 | 2,255.19 | 28.73 | 1,221.70 | -3.12 | 86 | -4.02 | 32.04 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
9.05 %
Net Income Growth
-165.05 %
Cash Flow Change
20.10 %
ROE
-163.24 %
ROCE
-272.73 %
EBITDA Margin (Avg.)
29.23 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 4,063 | 4,357 | 4,598 | 8,251 | 11,213 | 11,453 | 12,063 |
| Fixed Assets | 488 | 744 | 1,053 | 3,053 | 2,995 | 3,354 | 3,887 |
| Current Assets | 3,270 | 2,573 | 2,831 | 3,960 | 6,963 | 5,950 | 5,952 |
| Capital Work in Progress | 1 | 32 | 77 | 60 | 24 | 29 | 33 |
| Investments | 1,155 | 1,188 | 1,128 | 2,091 | 2,094 | 2,776 | 3,578 |
| Other Assets | 2,419 | 2,394 | 2,340 | 3,048 | 6,101 | 5,295 | 4,565 |
| Total Liabilities | 4,063 | 4,357 | 4,598 | 8,251 | 11,213 | 11,453 | 12,063 |
| Current Liabilities | 383 | 683 | 954 | 1,502 | 1,305 | 1,347 | 1,408 |
| Non Current Liabilities | 292 | 504 | 807 | 792 | 731 | 962 | 1,223 |
| Total Equity | 3,388 | 3,170 | 2,837 | 5,957 | 9,177 | 9,145 | 9,432 |
| Reserve & Surplus | 3,348 | 3,130 | 2,800 | 5,893 | 9,104 | 9,071 | 9,358 |
| Share Capital | 40 | 40 | 37 | 64 | 73 | 74 | 75 |
Cash Flow
| Cash Flow | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 1,676 | -1,583 | 196 | -81 | 101 | 8 | 33 |
| Investing Activities | -939 | -933 | 338 | -2,742 | -3,408 | -99 | -102 |
| Operating Activities | -243 | -634 | 5 | -241 | -30 | 472 | 567 |
| Financing Activities | 2,858 | -17 | -147 | 2,902 | 3,539 | -366 | -432 |
Share Holding
| % Holding | Nov 2021 | May 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 66.22 % | 59.93 % | 49.78 % | 42.88 % | 65.50 % | 38.71 % | 63.63 % | 61.16 % | 55.03 % | 53.74 % | 51.99 % | 52.95 % | 51.64 % |
| DIIs | 0.00 % | 6.22 % | 6.69 % | 7.11 % | 11.44 % | 13.03 % | 14.58 % | 14.68 % | 16.33 % | 19.63 % | 22.03 % | 28.56 % | 29.00 % | 30.03 % | 29.59 % | 32.05 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 0.00 % | 11.33 % | 10.87 % | 4.86 % | 5.62 % | 5.48 % | 5.73 % | 5.83 % | 6.29 % | 5.52 % | 6.05 % | 6.20 % | 6.99 % | 7.36 % | 6.82 % | 5.95 % |
| Others | 100.00 % | 82.46 % | 82.43 % | 21.80 % | 23.01 % | 31.71 % | 36.81 % | 13.99 % | 38.67 % | 11.22 % | 10.75 % | 10.21 % | 10.27 % | 10.62 % | 10.64 % | 10.35 % |
| No of Share Holders | 346 | 65,710 | 55,397 | 59,499 | 84,914 | 82,587 | 83,916 | 83,575 | 94,011 | 92,984 | 1,28,985 | 1,39,715 | 1,62,318 | 1,72,942 | 1,77,546 | 1,60,797 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 27 Sept 2023 |  Annual General Meeting | NA | 27 Sept 2023 | 413.25 | 415.50 |
| 02 Sept 2024 | Annual General Meeting | NA | 02 Sept 2024 | 408.55 | 418.10 |
| 14 Nov 2024 |  Quarterly Result Announcement | NA | 14 Nov 2024 | 355.20 | 330.20 |
| 07 Feb 2025 | Quarterly Result Announcement | NA | 07 Feb 2025 | 321.90 | 321.75 |
| 16 May 2025 | Quarterly Result Announcement | NA | 16 May 2025 | 300.05 | 323.80 |
| 01 Aug 2025 | Quarterly Result Announcement | NA | 01 Aug 2025 | 438.30 | 425.30 |
| 03 Sept 2025 | Annual General Meeting | NA | 03 Sept 2025 | 458.15 | 471.80 |
| 05 Nov 2025 | Quarterly Result Announcement | NA | 05 Nov 2025 | 476.00 | 484.95 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation8 days ago
8 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-AcquisitionNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-AcquisitionNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Change in ManagementNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateNov 05, 2025
Nov 05, 2025Letter To Shareholders On Financial Results For Quarter And Half Year Ended September 30 2025.Nov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 05, 2025
Nov 05, 2025Board Meeting Outcome for Board Meeting Outcome For Financials Results For The Quarter And Half Year Ended September 30 2025Nov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 05, 2025
Nov 05, 2025Financial Results For Quarter And Half Year Ended September 30 2025Nov 05, 2025
Nov 05, 2025Press ReleaseNov 05, 2025
Nov 05, 2025Dissolution Of Step-Down Wholly Owned SubsidiaryNov 04, 2025
Nov 04, 2025Receipt Of Order Under GST ActNov 04, 2025
Nov 04, 2025Grant Of Stock Options Under Delhivery Employees Stock Option Plan IV 2021Nov 04, 2025
Nov 04, 2025Update On DelhiveryS Performance In The Month Of October 2025Nov 03, 2025
Nov 03, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 31, 2025
Oct 31, 2025Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results For The Quarter And Half Year Ended September 30 2025.Oct 29, 2025
Oct 29, 2025Receipt Of Order Under GST ActOct 22, 2025
Oct 22, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 14, 2025
Oct 14, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSOct 08, 2025
Oct 08, 2025Grant Of Stock Options Under Delhivery Employees Stock Option Plan 2012Oct 04, 2025
Oct 04, 2025Update On DelhiveryS Performance In The Month Of September 2025Oct 03, 2025
Oct 03, 2025Closure of Trading WindowSep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 17, 2025
Sep 17, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 11, 2025
Sep 11, 2025Grant Of Stock Options Under Delhivery Employees Stock Option PlansSep 04, 2025
Sep 04, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 03, 2025
Sep 03, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 03, 2025
Sep 03, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 27, 2025
Aug 27, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 27, 2025
Aug 27, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 09, 2025
Aug 09, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 08, 2025
Aug 08, 2025Announcement Under Regulation 30(LODR)-Letter To Shareholders For Annual Report & AGM NoticeAug 08, 2025
Aug 08, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 08, 2025
Aug 08, 2025Notice Of 14Th Annual General Meeting Of The CompanyAug 08, 2025
Aug 08, 2025Reg. 34 (1) Annual Report.Aug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 02, 2025
Aug 02, 2025Mutual Fund Holdings
Tata Arbitrage Fund Direct - Growth 
ICICI Prudential Technology Direct Plan-Growth 
HSBC Small Cap Fund Direct-Growth 
Invesco India Arbitrage Fund Direct-Growth 
Edelweiss Arbitrage Fund Direct-Growth 
Nippon India Multi Asset Allocation Fund Direct - Growth 
WhiteOak Capital Mid Cap Fund Direct - Growth 
SBI Infrastructure Fund Direct-Growth 
UTI Multi Asset Allocation Fund Direct-Growth 
Baroda BNP Paribas Multi Cap Fund Direct-Growth 
Kotak Arbitrage Fund Direct-Growth 
Bandhan Arbitrage Fund Direct-Growth 
JM Midcap Fund Direct - Growth 
ITI Multi Cap Fund Direct - Growth 
Aditya Birla Sun Life Arbitrage Fund Direct-Growth 
HDFC Arbitrage Fund Wholesale Direct-Growth 
Helios Flexi Cap Fund Direct - Growth Technical Indicators
RSI(14)
Neutral 30.16
ATR(14)
Volatile 12.93
STOCH(9,6)
Neutral 25.12
STOCH RSI(14)
Oversold 1.18
MACD(12,26)
Bearish -3.41
ADX(14)
Weak Trend 19.65
UO(9)
Bearish 34.62
ROC(12)
Downtrend And Accelerating -8.30
WillR(14)
Oversold -98.25
About Delhivery
Delhivery Limited is a fully integrated logistics provider offering a range of services including express parcel and heavy goods delivery, part-truckload and truckload freight, warehousing, supply chain solutions, cross-border services, and supply chain software. The company serves diverse customers including e-commerce marketplaces, direct-to-consumer brands, enterprises, and SMEs across various sectors. Delhivery operates an extensive network covering over 17,000 PIN codes in India, with capabilities for same-day, next-day, and long-distance deliveries. The company utilizes proprietary technology systems developed by its team of engineering and data professionals to manage its operations efficiently. Delhivery has expanded its services over time, including the acquisition of Spoton Logistics Private Limited in 2021 to enhance its part-truckload freight services.
Listing Date
24 May, 2022(3 Years,
1 days)
Website
Chairperson NameDeepak Kapoor
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