Operates as a third-party logistics (3PL) provider in India, moving parcels and freight on behalf of e-commerce and enterprise customers. In FY26 it delivered over 1 billion packages through its Express parcel business and moved 2 million metric tons of freight through its Part Truck Load (PTL) business. The Transport segment generated Rs 8,939 crore of revenue at 6.3% adjusted EBITDA margin (Rs 561 crore), with Express alone delivering 306 million parcels in Q4 at 72-73% volume growth and PTL clocking 549,000 metric tons in Q4 at 20% YoY growth and 28% gross margin. Supply Chain Services (SCS) generated Rs 79 crore of service EBITDA at 10.9% margin, up fourfold from the prior year. The largest cost bucket is other operating expenses at 78.6% of revenue, followed by employee costs at 15.3% and depreciation at 6.6%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Transport - Express parcel, Transport - Part Truck Load (PTL), Supply Chain Services (SCS), New initiatives (intracity, cross-border, rapid, financial services). Asset-heavy, network-driven third-party logistics with parcel and freight operations across India.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6,882 | 7,225 | 8,142 | 8,932 | 10,508 |
| EBITDA (ex other income) | (472) | (452) | 104 | 371 | 614 |
| margin % | (6.9) | (6.3) | 1.3 | 4.2 | 5.8 |
| Owners' profit | (1,011) | (1,008) | 0 | 162 | 153 |
| EPS, as reported (₹) | (16.98) | (14.09) | (3.40) | 2.19 | 2.04 |
| ROE % · ROCE % | (17.0) · (13.7) | (11.0) · (9.9) | (2.7) · (1.6) | 1.7 · 2.6 | 1.6 · 2.6 |
| Debt / equity (x) | 0.06 | 0.02 | 0.01 | 0.00 | 0.00 |
| Cash from operations | (241) | (27) | 472 | 567 | 911 |
| Capex | (544) | (601) | (565) | (483) | (422) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,190 | 2,378 | 2,192 | 2,294 | 2,559 | 2,805 | 2,850 | 2,931 |
| Profit before tax | 15 | 26 | 55 | 97 | (57) | 35 | 58 | 33 |
| 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 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CONTAINER CORP OF IND LTD | 38,024 | 30.5 | 2.91 | 16.2 | 9.5 | 11.6 | 7.2 | 24.5 |
| DELHIVERY LIMITED ◆ | 32,882 | 351.3 | 3.39 | 33.6 | 1.6 | 1.2 | — | 8.7 |
| SHADOWFAX TECHNOLOGIES L | 14,920 | 92.7 | 8.55 | 59.0 | 6.4 | 5.7 | — | 8.3 |
| BLUE DART EXPRESS LTD | 11,490 | 40.0 | 6.47 | 12.1 | 13.9 | 13.4 | 13.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Delhivery allots 1,27,439 equity shares on ESOP exercise | capital market events | low | — | — |
| 4 Sept 2026 · Delhivery grants 94,300 stock options to employees under ESOP-2021 | general | low | — | — |
| 28 Aug 2026 · Newspaper publication of 15th AGM notice and e-voting info - Delhivery | compliance | minimal | — | — |
| 27 Aug 2026 · Delhivery to attend Elara Ashwamedha Conference on Sept 2 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Delhivery 15th AGM on September 22, 2026; FY26 Annual Report available online | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Delhivery files FY26 BRSR - ESG compliance report | compliance | low | — | — |
| 27 Aug 2026 · Delhivery 15th AGM on Sep 22, 2026; CEO re-appointment and ESOP grants up for approval | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Delhivery FY26 AGM set for September 22; CEO reappointment and ESOPs proposed | board shareholder meetings | medium | — | — |
| 26 Aug 2026 · Delhivery 15th AGM scheduled for September 22, 2026 via video conference | compliance | minimal | — | — |
| 11 Aug 2026 · Allotment of 1,12,304 equity shares under ESOPs | capital market events | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 16.7 |
| TRANSPORT CORPN OF INDIA | 6,587 | 14.4 | 2.53 | 11.9 | 17.7 | 14.4 | 11.9 | 11.3 |
| TVS SUPPLY CHAIN SOL L | 5,770 | 89.5 | 2.80 | 7.0 | 5.7 | 4.8 | — | 7.2 |
| VRL LOGISTICS LIMITED | 5,044 | 18.9 | 4.41 | — | 20.7 | 14.5 | — | 21.9 |
| Afcom Holdings Limited | 4,284 | 22.2 | 9.38 | — | 26.7 | 20.2 | — | 41.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 351.3 | 15.7 | 54 of 54 | 0% |
| P/B | 3.4 | 1.6 | 35 of 40 | 13% |
| ROCE | 1.2 | 6.8 | 46 of 56 | 18% |
| ROE | 1.6 | 5.7 | 30 of 42 | 29% |
| Debt / Equity | 0.0 | 0.2 | 6 of 42 | 88% |
| EBITDA margin | 8.7 | 8.7 | 22 of 43 | 50% |
| Revenue growth | 27.8 | 9.5 | 12 of 42 | 73% |
| Profit growth | (65.0) | 22.5 | 33 of 35 | 6% |
| Market cap | 32882 | 123 | 2 of 56 | 98% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
