Delhivery Ltd

DELHIVERY
Logistics
โ‚น 475.30
Price
โ‚น 35,536
Market Cap
Large Cap
178.75
P/E Ratio

๐Ÿ“Š Score Snapshot

-6.84 / 25
Performance
16.66 / 25
Valuation
0.0 / 20
Growth
7.0 / 30
Profitability
16.82 / 100
Avoid

๐Ÿข Company Overview

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๐Ÿค– CARL Insights

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๐Ÿ“ˆ Net Profit (Yearly)

๐Ÿ“Š Sales (Yearly)

๐Ÿ“‰ Quarterly Sales Trend

๐Ÿ“‰ Quarterly Net Profit

๐Ÿ“ˆ Yearly Ratios

Metric Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019
Adj Cash EBITDA 798.00 561.00 -83.00 -834.00 19.00 -531.00 -1,753
Adj Cash EBITDA Margin 9.06 6.90 -1.16 -12.73 0.53 -22.64 -111.58
Adj Cash EBITDA To EBITDA 0.97 1.03 0.56 2.46 0.32 265.50 1.11
Adj Cash EPS 1.77 -2.90 -12.77 - - - -
Adj Cash PAT 131.84 -213.59 -930.60 -1,487 -487.00 -759.00 -1,953
Adj Cash PAT To PAT 0.84 0.93 0.94 1.50 1.09 3.30 1.10
Adj Cash PE 142.25 - - - - - -
Adj EPS 2.10 -3.10 -13.65 - - - -
Adj EV To Cash EBITDA 21.27 57.26 - - - - -
Adj EV To EBITDA 20.62 58.83 - - - - -
Adj Number Of Shares 74.65 73.67 72.89 - - - -
Adj PE 120.27 - - - - - -
Bvps 126.36 124.13 125.90 - - - -
Cash Conversion Cycle 58.00 64.00 77.00 53.00 60.00 79.00 47.00
Cash ROCE 3.13 0.39 -7.40 -29.22 -5.84 -19.29 -
Cash Roic -1.98 -5.08 -13.44 -40.22 -13.75 -44.80 -
Cash Revenue 8,812 8,125 7,171 6,550 3,564 2,345 1,571
Cash Revenue To Revenue 0.99 1.00 0.99 0.95 0.98 0.84 0.95
Dso 58.00 64.00 77.00 53.00 60.00 79.00 47.00
EV 16,973 32,121 22,413 - - - -
EV To EBITDA 20.50 61.07 - - - - -
Fcfe 104.84 -83.59 -813.60 -1,966 -314.00 -595.00 -1,875
Fcfe Margin 1.19 -1.03 -11.35 -30.02 -8.81 -25.37 -119.35
Fcfe To Adj PAT 0.67 0.37 0.82 1.98 0.70 2.59 1.05
Fcff -130.06 -388.20 -927.22 -1,743 -411.00 -914.00 -1,948
Fcff Margin -1.48 -4.78 -12.93 -26.61 -11.53 -38.98 -124.00
Fcff To NOPAT 0.79 0.64 0.75 1.63 0.86 2.14 1.09
Market Cap 19,465 34,131 24,229 - - - -
PB 2.06 3.73 2.64 - - - -
PE 120.16 - - - - - -
PS 2.18 4.19 3.35 - - - -
ROCE 2.81 -1.76 -10.91 -16.95 -7.51 -6.68 -
ROE 1.69 -2.50 -13.14 -22.52 -14.84 -7.01 -
Roic -2.50 -7.95 -17.80 -24.62 -15.96 -20.93 -
Share Price 260.75 463.30 332.40 - - - -

๐Ÿ“Š Quarterly Results

Metric Sep 2025 Jun 2025 Mar 2025 Dec 2024 Sep 2024 Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023 Mar 2023 Dec 2022 Sep 2022 Jun 2022
Sales 2,559 2,294 2,192 2,378 2,190 2,172 2,076 2,194 1,942 1,930 1,860 1,824 1,796 1,746
Interest 39.00 34.00 34.00 33.00 31.00 28.00 27.00 22.00 20.00 20.00 19.00 21.00 24.00 25.00
Expenses - 2,491 2,153 2,072 2,278 2,139 2,076 2,030 2,089 1,957 1,943 1,846 1,898 1,934 2,000
Other Income - 96.00 130.00 129.00 99.00 120.00 110.00 126.00 131.00 101.00 108.00 75.00 94.00 95.00 55.00
Exceptional Items - - - - - -5.00 -15.00 -8.00 - - - - - -
Depreciation 178.00 147.00 142.00 142.00 131.00 119.00 200.00 183.00 171.00 167.00 242.00 207.00 200.00 181.00
Profit Before Tax -53.00 90.00 72.00 24.00 9.00 53.00 -71.00 23.00 -105.00 -92.00 -173.00 -209.00 -266.00 -405.00
Tax % 5.66 -1.11 -1.39 -4.17 -11.11 -1.89 4.23 47.83 1.90 3.26 8.09 6.22 4.51 1.48
Net Profit - -50.00 91.00 73.00 25.00 10.00 54.00 -68.00 12.00 -103.00 -89.00 -159.00 -196.00 -254.00 -399.00
Exceptional Items At - - - - - -5.00 -15.00 -4.00 - - - - - -
Profit Excl Exceptional -50.00 91.00 73.00 25.00 10.00 59.00 -54.00 16.00 -103.00 -89.00 -159.00 -196.00 -254.00 -399.00
Profit For PE -50.00 91.00 73.00 25.00 10.00 59.00 -54.00 16.00 -103.00 -89.00 -159.00 -196.00 -254.00 -399.00
Profit For EPS -50.00 91.00 73.00 25.00 10.00 54.00 -68.00 12.00 -103.00 -89.00 -159.00 -196.00 -254.00 -399.00
EPS In Rs -0.67 1.22 0.97 0.34 0.14 0.74 -0.93 0.16 -1.40 -1.22 -2.18 -2.69 -3.50 -5.51
PAT Margin % -1.95 3.97 3.33 1.05 0.46 2.49 -3.28 0.55 -5.30 -4.61 -8.55 -10.75 -14.14 -22.85
PBT Margin -2.07 3.92 3.28 1.01 0.41 2.44 -3.42 1.05 -5.41 -4.77 -9.30 -11.46 -14.81 -23.20
Tax -3.00 -1.00 -1.00 -1.00 -1.00 -1.00 -3.00 11.00 -2.00 -3.00 -14.00 -13.00 -12.00 -6.00
Yoy Profit Growth % -594.00 53.00 235.00 60.00 110.00 166.00 66.00 108.00 59.00 78.00 -32.00 -55.00 60.00 -208.00
Adj Ebit -14.00 124.00 107.00 57.00 40.00 87.00 -28.00 53.00 -85.00 -72.00 -153.00 -187.00 -243.00 -380.00
Adj EBITDA 164.00 271.00 249.00 199.00 171.00 206.00 172.00 236.00 86.00 95.00 89.00 20.00 -43.00 -199.00
Adj EBITDA Margin 6.41 11.81 11.36 8.37 7.81 9.48 8.29 10.76 4.43 4.92 4.78 1.10 -2.39 -11.40
Adj Ebit Margin -0.55 5.41 4.88 2.40 1.83 4.01 -1.35 2.42 -4.38 -3.73 -8.23 -10.25 -13.53 -21.76
Adj PAT -50.00 91.00 73.00 25.00 10.00 48.91 -82.37 7.83 -103.00 -89.00 -159.00 -196.00 -254.00 -399.00
Adj PAT Margin -1.95 3.97 3.33 1.05 0.46 2.25 -3.97 0.36 -5.30 -4.61 -8.55 -10.75 -14.14 -22.85
Ebit -14.00 124.00 107.00 57.00 40.00 92.00 -13.00 61.00 -85.00 -72.00 -153.00 -187.00 -243.00 -380.00
EBITDA 164.00 271.00 249.00 199.00 171.00 211.00 187.00 244.00 86.00 95.00 89.00 20.00 -43.00 -199.00
EBITDA Margin 6.41 11.81 11.36 8.37 7.81 9.71 9.01 11.12 4.43 4.92 4.78 1.10 -2.39 -11.40
Ebit Margin -0.55 5.41 4.88 2.40 1.83 4.24 -0.63 2.78 -4.38 -3.73 -8.23 -10.25 -13.53 -21.76
NOPAT -103.77 -6.07 -22.31 -43.75 -88.89 -23.43 -147.49 -40.69 -182.47 -174.13 -209.55 -263.52 -322.76 -428.56
NOPAT Margin -4.06 -0.26 -1.02 -1.84 -4.06 -1.08 -7.10 -1.85 -9.40 -9.02 -11.27 -14.45 -17.97 -24.55
Operating Profit -110.00 -6.00 -22.00 -42.00 -80.00 -23.00 -154.00 -78.00 -186.00 -180.00 -228.00 -281.00 -338.00 -435.00
Operating Profit Margin -4.30 -0.26 -1.00 -1.77 -3.65 -1.06 -7.42 -3.56 -9.58 -9.33 -12.26 -15.41 -18.82 -24.91

๐Ÿ’ฐ Profit & Loss

Metric Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019
Sales 8,932 8,142 7,225 6,882 3,647 2,781 1,654
Interest 126.00 89.00 89.00 100.00 89.00 49.00 36.00
Expenses - 8,556 8,015 7,677 7,357 3,769 2,952 3,272
Other Income - 447.00 419.00 305.00 136.00 181.00 169.00 38.00
Exceptional Items -5.00 20.00 14.00 19.00 -31.00 39.00 3.00
Depreciation 535.00 722.00 831.00 611.00 355.00 256.00 170.00
Profit Before Tax 157.00 -244.00 -1,053 -1,029 -416.00 -269.00 -1,783
Tax % -3.18 -2.05 4.27 1.75 - - -
Net Profit - 162.00 -249.00 -1,008 -1,011 -416.00 -269.00 -1,783
Exceptional Items At -5.00 20.00 14.00 19.00 -31.00 39.00 3.00
Profit Excl Exceptional 167.00 -269.00 -1,022 -1,030 -385.00 -308.00 -1,786
Profit For PE 167.00 -269.00 -1,022 -1,030 -385.00 -308.00 -1,786
Profit For EPS 162.00 -249.00 -1,008 -1,011 -416.00 -269.00 -1,783
EPS In Rs 2.17 -3.38 -13.83 - - - -
PAT Margin % 1.81 -3.06 -13.95 -14.69 -11.41 -9.67 -107.80
PBT Margin 1.76 -3.00 -14.57 -14.95 -11.41 -9.67 -107.80
Tax -5.00 5.00 -45.00 -18.00 - - -
Adj Ebit 288.00 -176.00 -978.00 -950.00 -296.00 -258.00 -1,750
Adj EBITDA 823.00 546.00 -147.00 -339.00 59.00 -2.00 -1,580
Adj EBITDA Margin 9.21 6.71 -2.03 -4.93 1.62 -0.07 -95.53
Adj Ebit Margin 3.22 -2.16 -13.54 -13.80 -8.12 -9.28 -105.80
Adj PAT 156.84 -228.59 -994.60 -992.33 -447.00 -230.00 -1,780
Adj PAT Margin 1.76 -2.81 -13.77 -14.42 -12.26 -8.27 -107.62
Ebit 293.00 -196.00 -992.00 -969.00 -265.00 -297.00 -1,753
EBITDA 828.00 526.00 -161.00 -358.00 90.00 -41.00 -1,583
EBITDA Margin 9.27 6.46 -2.23 -5.20 2.47 -1.47 -95.71
Ebit Margin 3.28 -2.41 -13.73 -14.08 -7.27 -10.68 -105.99
NOPAT -164.06 -607.20 -1,228 -1,067 -477.00 -427.00 -1,788
NOPAT Margin -1.84 -7.46 -17.00 -15.50 -13.08 -15.35 -108.10
Operating Profit -159.00 -595.00 -1,283 -1,086 -477.00 -427.00 -1,788
Operating Profit Margin -1.78 -7.31 -17.76 -15.78 -13.08 -15.35 -108.10

๐Ÿฆ Balance Sheet

Metric Sep 2025 Mar 2025 Sep 2024 Mar 2024 Sep 2023 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019
Accumulated Depreciation - - - 1,717 - 1,352 839.00 498.00 348.00 221.00
Advance From Customers - - - 40.00 - 41.00 35.00 17.00 4.00 5.00
Average Capital Employed 10,900 10,584 10,326 10,208 - 8,580 5,507 3,940 3,862 -
Average Invested Capital 6,728 6,566 7,217 7,636 - 6,900 4,334 2,990 2,040 -
Average Total Assets 12,287 11,758 11,535 11,322 - 9,721 6,424 4,478 4,210 -
Average Total Equity 9,398 9,289 9,188 9,161 - 7,567 4,406 3,013 3,279 -
Cwip 25.00 33.00 19.00 29.00 152.00 23.00 60.00 77.00 32.00 1.00
Capital Employed 11,170 10,854 10,629 10,314 10,024 10,101 7,060 3,954 3,925 3,799
Cash Equivalents 400.00 336.00 254.00 403.00 631.00 645.00 229.00 277.00 409.00 1,663
Fixed Assets 5,491 3,887 3,743 3,354 2,984 2,995 3,052 1,053 744.00 488.00
Gross Block - - - 5,071 - 4,347 3,891 1,551 1,092 709.00
Inventory 30.00 16.00 23.00 16.00 20.00 19.00 25.00 26.00 18.00 23.00
Invested Capital 7,470 6,074 5,987 7,057 8,447 8,214 5,585 3,083 2,896 1,184
Investments 2,634 3,578 3,460 2,776 2,273 2,094 2,091 1,128 1,188 1,155
Lease Liabilities 1,582 1,382 1,283 1,044 743.00 725.00 748.00 816.00 498.00 317.00
Loans N Advances 666.00 865.00 928.00 82.00 - 97.00 153.00 86.00 37.00 12.00
Long Term Borrowings 20.00 2.00 13.00 40.00 80.00 114.00 118.00 132.00 100.00 36.00
Net Debt -1,392 -2,492 -2,351 -2,010 -1,991 -1,816 -1,218 -253.00 -803.00 -2,368
Net Working Capital 1,954 2,154 2,225 3,674 5,311 5,196 2,473 1,953 2,120 695.00
Other Asset Items 1,957 1,935 2,048 3,363 3,803 3,793 1,650 1,355 1,329 506.00
Other Borrowings - - - - - - - 35.00 39.00 39.00
Other Liability Items 416.00 354.00 355.00 302.00 376.00 262.00 322.00 185.00 155.00 101.00
Reserves 9,454 9,358 9,192 9,071 9,038 9,104 5,893 2,854 3,169 3,387
Share Capital 75.00 75.00 74.00 74.00 73.00 73.00 64.00 2.00 0.98 0.96
Short Term Borrowings 40.00 37.00 67.00 85.00 91.00 84.00 236.00 170.00 157.00 58.00
Short Term Loans And Advances - - - 4.00 5.00 6.00 9.00 26.00 3.00 -
Total Assets 12,699 12,063 11,875 11,453 11,195 11,191 8,251 4,598 4,357 4,063
Total Borrowings 1,642 1,422 1,363 1,169 913.00 923.00 1,102 1,152 794.00 450.00
Total Equity 9,529 9,433 9,266 9,145 9,111 9,177 5,957 2,856 3,170 3,388
Total Equity And Liabilities 12,699 12,063 11,875 11,453 11,195 11,191 8,251 4,598 4,357 4,063
Total Liabilities 3,170 2,630 2,609 2,308 2,084 2,014 2,294 1,742 1,187 675.04
Trade Payables 1,113 855.00 891.00 797.00 795.00 787.00 834.00 442.00 273.00 158.00
Trade Receivables 1,496 1,412 1,400 1,430 2,654 2,468 1,980 1,190 1,202 430.00

๐Ÿ’ต Cash Flows

Metric Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019
Cash From Financing Activity -432.00 -366.00 3,538 2,902 -147.00 -17.00 2,858
Cash From Investing Activity -104.00 -99.00 -3,408 -2,742 338.00 -933.00 -939.00
Cash From Operating Activity 567.00 472.00 -30.00 -241.00 5.00 -634.00 -243.00
Cash Paid For Investment In Subsidaries And Associates - -50.00 - -252.00 - - -
Cash Paid For Loan Advances 1.00 - - - - - -
Cash Paid For Purchase Of Fixed Assets -483.00 -565.00 -601.00 -544.00 -251.00 -214.00 -157.00
Cash Paid For Purchase Of Investments -6,051 -2,505 -540.00 -3,223 -920.00 -4,549 -1,191
Cash Paid For Repayment Of Borrowings -86.00 -88.00 -268.00 -384.00 -50.00 -29.00 -32.00
Cash Received From Borrowings - 14.00 148.00 86.00 117.00 151.00 97.00
Cash Received From Issue Of Shares 4.00 5.00 3,910 3,396 10.00 1.00 -
Cash Received From Sale Of Fixed Assets 7.00 97.00 7.00 4.00 2.00 - -
Cash Received From Sale Of Investments 5,435 1,999 592.00 2,559 1,022 4,570 291.00
Change In Inventory - 3.00 5.00 1.00 -8.00 -3.00 -6.00
Change In Other Working Capital Items 36.00 19.00 160.00 -427.00 -117.00 -204.00 -47.00
Change In Payables 58.00 10.00 -47.00 263.00 169.00 113.00 -38.00
Change In Receivables -120.00 -17.00 -54.00 -332.00 -83.00 -436.00 -83.00
Change In Working Capital -25.00 15.00 64.00 -495.00 -40.00 -529.00 -173.00
Direct Taxes Paid -25.00 -37.00 -72.00 -13.00 -18.00 -45.00 -23.00
Interest Paid -126.00 -88.00 -88.00 -24.00 -21.00 -11.00 -9.00
Interest Received 204.00 240.00 105.00 132.00 75.00 95.00 32.00
Net Cash Flow 31.00 8.00 100.00 -81.00 196.00 -1,583 1,676
Other Cash Financing Items Paid -224.00 -210.00 -164.00 -172.00 -203.00 -130.00 2,802
Other Cash Investing Items Paid 784.00 685.00 -2,972 -1,419 409.00 -835.00 85.00
Profit From Operations 617.00 495.00 -22.00 268.00 62.00 -59.00 -47.00

๐Ÿงพ Shareholding Pattern

Nse Code Date Promoters Fii Dii Public Others
Delhivery 2025-09-30 - 51.65 32.05 16.30 0.00
Delhivery 2025-06-30 - 52.95 29.60 17.46 0.00
Delhivery 2025-03-31 - 51.99 30.04 17.99 0.00
Delhivery 2024-12-31 - 53.75 28.99 17.27 0.00
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