Delhivery share price
NSE: DELHIVERYBSE: 543529Transport ServicesSmall Cap
Delhivery Limited · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed May 2022 · Issue price ₹487
Last close ₹385.00up ₹3.00 (0.79%)BSE ₹384.40
Share price at the NSE close on 28 Oct 2026. Previous close ₹382.00.
28 Oct: open ₹380.00, high ₹386.60, low ₹377.95
52-week range of traded prices to 28 Oct 2026
₹364.65Low, 26 Oct 2026₹524.00High, 10 Jul 2026
- Next results date: the board meets on 30 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹28,848 Cr253rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 308.41
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹26 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 241.62
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.98
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 1.0%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹26 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 1.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- −1.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 8,86,614
About Delhivery
Delhivery Limited is a logistics company with its corporate office in Gurugram that moves parcels and freight across India for e-commerce marketplaces, direct-to-consumer brands, enterprises and small and medium businesses.12 It offers express parcel delivery, part truckload (freight for loads that do not need a full truck) and truckload freight, warehousing, supply chain solutions, cross-border express and freight services, and supply chain software.2
Its services run as Express Parcel, Part Truckload, Supply Chain Services, Full Truckload, International and Local, reported together as one segment, Logistics Services.34 Its services also include Delhivery Local for on-demand intracity logistics, Delhivery Rapid for 2-4 hour intracity fulfilment and Delhivery Direct, its consumer shipping app.56 Delhivery says it is India’s largest third-party express parcel network by volume.7
Delhivery was incorporated in 2011, and its shares have been listed since 24 May 2022.18 In July 2025 it bought 99.87% of Ecom Express Limited for ₹1,369 crore, and Ecom Express became a wholly owned subsidiary on 10 Dec 2025.9
Delhivery is a professionally managed company with no identifiable promoter; institutions held 84.48% of its shares at the end of March 2026.1011
Delhivery key points
Results
- In the year to Mar 2026, consolidated revenue from operations rose 17.65% to ₹105,083.07 million from ₹89,319.01 million; revenue crossed ₹100 billion for the first time, and free cash flow turned positive.1213
- In the year to Mar 2026, consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) rose 70.3% to ₹6,399.97 million, a 6.1% margin against 4.2%, while consolidated profit fell to ₹1,525.40 million from ₹1,621.10 million.1415
- In the quarter to Jun 2026, revenue from services was ₹2,931 crore, up 27.8% from a year earlier.16
- In the quarter to Jun 2026, EBITDA excluding Ecom Express integration costs was ₹156 crore (5.3% margin) against ₹149 crore (6.5%) a year earlier; profit after tax on that basis, before one-off items, was ₹62 crore (2.0%) against ₹91 crore (3.8%).17
Service lines
- Express Parcel. Shipments rose 40.2% to 1,054 million in the year to Mar 2026, and 55.2% to 322 million in the quarter to Jun 2026; the quarter’s growth includes Ecom Express, which was not counted in full a year earlier.181920
- Part Truckload. Serves over 13,000 customers. Tonnage rose 17.4% to 1,991K tonnes in the year to Mar 2026, and 18.4% to 542K tonnes in the quarter to Jun 2026.212223
- Supply Chain Services. Integrated warehousing and transport from multi-tenant and dedicated fulfilment centres, with 7.5 million sq ft of warehousing under management at the end of March 2026.24
- Delhivery Local and Rapid. Revenue from these intracity services rose to ₹47 crore in the year to Mar 2026 from ₹1 crore.25
Revenue mix
Network and assets
- Network at the end of March 20262829
Item year to Mar 2026 Gateways 129 Automated sort centres 47 Rated automated sort capacity 10.4 million shipments a day Fulfilment centres 99 Last mile delivery centres, with partners 4,848 PIN codes served 18,830 Team size (permanent employees and contractual workers) 73,477 Partner delivery agents 71,362 - Capital spending. In the year to Mar 2026, Delhivery added ₹4,933.26 million of property, plant and equipment and intangible assets, excluding acquisitions, and capital spending fell to 4.7% of revenue from 5.2%. It does not buy real estate and owns only part of its fleet.3031
Customers and partners
- In the quarter to Mar 2026, Delhivery had over 52,000 active customers (those invoiced at least once in the quarter), across fast-moving consumer goods, consumer durables, consumer electronics, lifestyle, retail, automotive and manufacturing.232
- Its top 5 customers contributed 39.9% of the business in the year to Mar 2026.33
What the company expects
- On its earnings call of 8 Aug 2026, the company said express parcel volume growth in the year to Mar 2027 was tracking towards the mid or upper side of its 20-30% range.34
- On its earnings call of 8 Aug 2026, the company said it targets a 16-18% express parcel service EBITDA margin (EBITDA before allocable corporate overheads) and expects to be near the higher end in the second half of the year to Mar 2027.3536
- On its earnings call of 8 Aug 2026, the company said it aims to end the year to Mar 2027 with a part truckload service EBITDA margin closer to 15-15.5%, having ended the year to Mar 2026 at 13.4%.37
Recent events
- On 13 Jul 2026, the Reserve Bank of India approved registering Delhivery Financial Services as a non-bank finance company that takes no deposits, subject to further documents.38
- On 2 Jun 2026, Delhivery incorporated Delhivery Fintech Distribution, a subsidiary to distribute financial products and mobility and transport solutions, and to act as an insurance corporate agent (a firm registered to sell insurance).39
- On 1 May 2026, the merger of its subsidiaries Spoton Logistics and Spoton Supply Chain Solutions into Delhivery took effect; the National Company Law Tribunal had approved it on 20 Mar 2026.40
Litigation and regulatory matters
- In its exchange filing of 7 Aug 2026, the company said a West Bengal GST (goods and services tax) appeal authority cut its 2020-21 input tax credit (tax paid on purchases, set off against GST) demand from ₹5,35,73,244 to ₹1,50,83,496, which it would contest further.41
- In its exchange filing of 21 Jul 2026, the company said a West Bengal GST appellate order for 2019-20 confirmed a tax demand of ₹6,47,15,446, interest of ₹7,60,73,467 and a penalty of ₹64,71,545; it reported no material impact.42
- In its exchange filing of 15 Jan 2026, the company said a Haryana GST appeal order for 2017-2018 to 2021-22 imposed tax of ₹16,39,08,293, plus interest and an equal penalty, on its subsidiary Spoton Logistics, which planned to appeal; the company’s documents give no outcome.43
Last updated
All 43 sources, each with its page
- 1. Annual report, 27 Aug 2026, page 2
- 2. Annual report, 27 Aug 2026, page 44
- 3. Annual report, 27 Aug 2026, page 31
- 4. Annual report, 27 Aug 2026, page 62
- 5. Annual report, 27 Aug 2026, page 38
- 6. Earnings call, 8 Aug 2026, page 9
- 7. Annual report, 27 Aug 2026, page 32
- 8. Annual report, 27 Aug 2026, page 78
- 9. Annual report, 27 Aug 2026, page 45
- 10. Annual report, 27 Aug 2026, page 66
- 11. Annual report, 27 Aug 2026, page 77
- 12. Annual report, 27 Aug 2026, page 44
- 13. Annual report, 27 Aug 2026, page 24
- 14. Annual report, 27 Aug 2026, page 62
- 15. Annual report, 27 Aug 2026, page 63
- 16. Investor presentation, 8 Aug 2026, page 4
- 17. Investor presentation, 8 Aug 2026, page 4
- 18. Annual report, 27 Aug 2026, page 62
- 19. Investor presentation, 8 Aug 2026, page 4
- 20. Earnings call, 8 Aug 2026, page 5
- 21. Annual report, 27 Aug 2026, page 33
- 22. Annual report, 27 Aug 2026, page 62
- 23. Investor presentation, 8 Aug 2026, page 4
- 24. Annual report, 27 Aug 2026, page 34
- 25. Annual report, 27 Aug 2026, page 38
- 26. Annual report, 27 Aug 2026, page 62
- 27. Annual report, 27 Aug 2026, page 62
- 28. Annual report, 27 Aug 2026, page 37
- 29. Annual report, 27 Aug 2026, page 44
- 30. Annual report, 27 Aug 2026, page 63
- 31. Annual report, 27 Aug 2026, page 64
- 32. Annual report, 27 Aug 2026, page 37
- 33. Annual report, 27 Aug 2026, page 42
- 34. Earnings call, 8 Aug 2026, page 5
- 35. Earnings call, 8 Aug 2026, page 16
- 36. Investor presentation, 8 Aug 2026, page 6
- 37. Earnings call, 8 Aug 2026, page 16
- 38. Exchange filing, 14 Jul 2026, page 1
- 39. Annual report, 27 Aug 2026, page 48
- 40. Annual report, 27 Aug 2026, page 44
- 41. Exchange filing, 7 Aug 2026, page 1
- 42. Exchange filing, 21 Jul 2026, page 2
- 43. Exchange filing, 15 Jan 2026, page 2
Results
Consolidated; ₹ crore.Delhivery quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +23.1%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −52.9%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,931 Crup 2.83%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹32 Crdown 55.93%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 1.1%
Revenue by quarter
Peak revenue ₹2,931 Cr, quarter to Jun 2026; lowest ₹2,190 Cr, quarter to Sep 2024
Net profit by quarter, a loss in red
- Net profit
- Loss
A loss in 1 of the 8 quarters shown
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,190 | 2,378 | 2,192 | 2,294 | 2,559 | 2,805 | 2,850 | 2,931 |
| Net profit | 10 | 25 | 73 | 91 | −50 | 40 | 72 | 32 |
| Net margin | 0.5% | 1.1% | 3.3% | 4.0% | −2.0% | 1.4% | 2.5% | 1.1% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹10,508 Crup 17.65%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹153 Crdown 5.90%
- Net margin
- 1.5%
Revenue by year
Peak revenue ₹10,508 Cr, year to Mar 2026; lowest ₹6,882 Cr, year to Mar 2022
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 3 of the 5 years shown
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 6,882 | 7,225 | 8,142 | 8,932 | 10,508 |
| Net profit | −1,011 | −1,008 | −249 | 162 | 153 |
| Net margin | −14.7% | −13.9% | −3.1% | 1.8% | 1.5% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Logistic, which carries all its revenue.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.Delhivery PE ratio and valuation
Price to earnings
At or below today's level on 79% of 247 trading days over the last year.
LowestHighest
Its median208.30Industry median14.16
Price to book
At or below today's level on 31% of 973 trading days since Nov 2022.
LowestHighest
Its median3.23Industry median1.43
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +63.3% | −6.8% | +75.4% | 0.0% |
| 3 years | +7.9% | – | – | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2026.
Mutual fund holdings
210 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 64 of the 92 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 210 funds holding Delhivery
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 9
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 83
- CutCut. Funds that held fewer shares than at the end of the month before.
- 9
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 108
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 5
| Fund | |||
|---|---|---|---|
 HDFC Mid Cap FundHDFC Mutual Fund | 3,15,39,800 | 1.27% | ₹1,292.2 Cr |
 Mirae Asset Large & Midcap FundMirae Asset Mutual Fund | 2,07,49,579 | 1.98% | ₹850.1 Cr |
| Mirae Asset ELSS Tax Saver FundMirae Asset Mutual Fund | 1,44,60,550 | 2.41% | ₹592.4 Cr |
| Mirae Asset Midcap FundMirae Asset Mutual Fund | 1,43,46,353 | 3.01% | ₹587.8 Cr |
 SBI Contra FundSBI Mutual Fund | 1,38,84,606 | 1.26% | ₹568.9 Cr |
| SBI Balanced Advantage FundSBI Mutual Fund | 1,07,67,156 | 1.09% | ₹441.1 Cr |
 Nippon India Small Cap FundNippon India Mutual Fund | 1,05,17,117 | 0.53% | ₹430.9 Cr |
| SBI Large & Midcap FundSBI Mutual Fund | 92,00,000 | 0.93% | ₹376.9 Cr |
| SBI Multi Asset Allocation FundSBI Mutual Fund | 86,38,573 | 1.68% | ₹353.9 Cr |
 Invesco India Contra FundInvesco Mutual Fund | 72,49,306 | 1.54% | ₹297.0 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Delhivery insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 16 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Delhivery competitors and peers
Logistics Solution Provider, 85 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Delhivery in market cap.Services companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Container Corporation of IndiaCONCOR | 31,836 | 25.63 | 2.46 | +1.7% | −4.2% | 9.8% | 10.4% | 2.06% |
 Shadowfax TechnologiesSHADOWFAX | 17,045 | – | 9.77 | – | – | – | – | 0.00% |
 Blue Dart ExpressBLUEDART | 10,136 | 35.31 | 5.70 | +9.2% | +15.8% | 17.2% | 23.5% | 0.59% |
 ShiprocketSHIPROCKET | 9,207 | – | – | – | – | – | – | 0.00% |
 Transport Corporation of IndiaTCI | 6,613 | 14.29 | 2.37 | +11.5% | +6.6% | 17.9% | 12.7% | 1.16% |
 TVS Supply Chain SolutionsTVSSCS | 4,922 | 76.00 | 2.42 | +16.9% | +28.8% | 3.4% | 7.2% | 0.00% |
 VRL LogisticsVRLLOG | 4,716 | 17.64 | 4.13 | +5.6% | +21.8% | 24.0% | 26.7% | 1.85% |
 Mahindra LogisticsMAHLOG | 4,282 | 57.04 | 3.55 | +20.3% | – | 6.4% | 12.7% | 0.58% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Delhivery announcements
Oct 2026
10 Oct · Disclosure
1 Oct · Options to purchase securities
Sep 2026
22 Sep · Options to purchase securities
Delhivery share price by year
Each calendar year to 2025.Delhivery share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 403.85 | +16.7% | 484.85 | 240.29 |
| 2024 | 346.15 | −11.1% | 473.15 | 327.30 |
| 2023 | 389.25 | +17.4% | 445.95 | 296.15 |
| 2022 | 331.45 | – | 699.20 | 319.90 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2022 is from its first session, 24 May 2022.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 375.00 | 384.00 | 374.95 | 382.00 | 381.32 | 9,09,956 | 43.5% |
| 26 Oct 2026 | 368.00 | 376.90 | 364.65 | 375.00 | 373.28 | 23,86,876 | 58.8% |
| 23 Oct 2026 | 389.95 | 389.95 | 365.90 | 370.00 | 371.51 | 24,03,935 | 46.4% |
| 22 Oct 2026 | 385.70 | 392.45 | 380.10 | 390.00 | 388.26 | 31,29,593 | 50.0% |
| 21 Oct 2026 | 400.35 | 401.80 | 385.30 | 389.10 | 389.91 | 20,10,924 | 50.7% |
| 19 Oct 2026 | 403.10 | 404.80 | 396.40 | 400.00 | 399.67 | 12,20,263 | 48.6% |
| 16 Oct 2026 | 411.70 | 412.10 | 403.55 | 407.50 | 407.15 | 12,22,632 | 57.2% |
| 15 Oct 2026 | 413.00 | 413.85 | 406.40 | 410.40 | 411.13 | 16,96,563 | 58.0% |
| 14 Oct 2026 | 414.85 | 415.00 | 408.70 | 409.15 | 411.15 | 20,38,822 | 68.8% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- DELHIVERY
- BSE code
- 543529
- ISIN
- INE148O01028
- Industry
- Transport Services
- Website
- www.delhivery.com
- CIN
- L63090DL2011PLC221234
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2011
- Registered office
- N24-N34, S24-S34, Air Cargo Logistics Centre-II, Opposite Gate 6 Cargo Terminal, Indira Gandhi International Airport, New Delhi 110037, Delhi
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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