āagmanLoginNot investment advice. Data and computed figures, for information only.
Delhivery Ltd
₹410.40
+₹1.25 (+0.31%)
NSE · 15 Oct 2026, close
Market Cap
₹30,009 Cr
CMP
₹410.40
52-wk High / Low
₹524 / 374
P/E
252.0
P/B
3.1
Book Value
₹129.0
Div Yield
0.00%
ROCE
1.0%
ROE
−0.2%
Face Value
₹1
D/E
0.15
Price−11.7% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹77
√(22.5 × EPS × book value per share)
ROIC
−0.5%
vs 9.3% sector median
Cash flow to profit
5.95
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−140
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
−0.2%
ROE × earnings retention ratio
ROE stability
7.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Cash-accrual divergence
−6.1%
of assets
Low = accruals track cash flow
Strengths
Watch-outs
−Latest ROCE of 1% trails the sector median of 14%
−Price trades below its 200-day moving average (0.9x)
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,930 | 1,942 | 2,194 | 2,076 | 2,172 | 2,190 | 2,378 | 2,192 | 2,294 | 2,559 | 2,805 | 2,850 | 2,931 |
| Expenses | 1,943 | 1,957 | 2,089 | 2,030 | 2,076 | 2,139 | 2,278 | 2,072 | 2,153 | 2,491 | 2,596 | 2,636 | 2,792 |
| Operating Profit | −13 | −16 | 105 | 46 | 96 | 51 | 100 | 119 | 141 | 68 | 209 | 214 | 139 |
| OPM % | −0.7% | −0.8% | 4.8% | 2.2% | 4.4% | 2.3% | 4.2% | 5.4% | 6.1% | 2.7% | 7.5% | 7.5% | 4.7% |
| Other Income | 108 | 101 | 123 | 111 | 105 | 120 | 99 | 129 | 130 | 96 | 52 | 70 | 114 |
| Interest | 20 | 20 | 22 | 27 | 28 | 31 | 33 | 34 | 34 | 39 | 37 | 34 | 34 |
| Depreciation | 167 | 171 | 183 | 200 | 119 | 131 | 142 | 142 | 147 | 178 | 187 | 183 | 189 |
| Profit before tax | −92 | −105 | 23 | −71 | 53 | 9 | 24 | 72 | 90 | −53 | 37 | 67 | 30 |
| Net Profit | −89 | −103 | 12 | −68 | 54 | 10 | 25 | 73 | 91 | −50 | 40 | 72 | 32 |
| EPS (₹) | −1.22 | −1.40 | 0.16 | −0.93 | 0.74 | 0.14 | 0.34 | 0.97 | 1.22 | −0.67 | 0.53 | 0.97 | 0.43 |
Profit & Loss
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,654 | 2,781 | 3,647 | 6,882 | 7,225 | 8,142 | 8,932 | 10,508 | 11,145 |
| Expenses | 3,272 | 2,952 | 3,769 | 7,357 | 7,677 | 8,015 | 8,556 | 9,868 | 10,515 |
| Operating Profit | −1,618 | −171 | −123 | −475 | −452 | 127 | 376 | 640 | 630 |
| OPM % | −97.8% | −6.1% | −3.4% | −6.9% | −6.3% | 1.6% | 4.2% | 6.1% | 5.7% |
| Other Income | 41 | 207 | 150 | 156 | 319 | 439 | 442 | 340 | 332 |
| Interest | 36 | 49 | 89 | 100 | 89 | 89 | 126 | 144 | 144 |
| Depreciation | 170 | 256 | 355 | 611 | 831 | 722 | 535 | 695 | 737 |
| Profit before tax | −1,783 | −269 | −416 | −1,029 | −1,053 | −244 | 157 | 140 | 81 |
| Net Profit | −1,783 | −269 | −416 | −1,011 | −1,008 | −249 | 162 | 153 | 93 |
| EPS (₹) | −18,607.05 | −2,758.26 | −2,492.60 | −15.75 | −13.83 | −3.38 | 2.17 | 2.04 | 1.26 |
Balance Sheet
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 2 | 64 | 73 | 74 | 75 | 75 | — |
| Reserves | 3,348 | 3,130 | 2,800 | 5,893 | 9,104 | 9,071 | 9,358 | 9,612 | — |
| Borrowings | 450 | 794 | 1,152 | 1,102 | 923 | 1,169 | 1,422 | 1,463 | — |
| Other Liabilities | 264 | 432 | 644 | 1,192 | 1,090 | 1,139 | 1,209 | 1,627 | — |
| Total Liabilities | 4,063 | 4,357 | 4,598 | 8,251 | 11,191 | 11,453 | 12,063 | 12,777 | — |
| Fixed Assets | 488 | 744 | 1,053 | 3,052 | 2,995 | 3,354 | 3,887 | 5,432 | — |
| CWIP | 1 | 32 | 77 | 60 | 23 | 29 | 33 | 1 | — |
| Investments | 1,155 | 1,188 | 1,128 | 2,091 | 2,094 | 2,776 | 3,578 | 2,961 | — |
| Other Assets | 2,419 | 2,394 | 2,340 | 3,048 | 6,078 | 5,295 | 4,565 | 4,383 | — |
| Total Assets | 4,063 | 4,357 | 4,598 | 8,251 | 11,191 | 11,453 | 12,063 | 12,777 | — |
Cash Flows
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | −243 | −634 | 5 | −241 | −30 | 472 | 567 | 911 |
| Cash from Investing Activity | −939 | −933 | 338 | −2,742 | −3,408 | −99 | −102 | −474 |
| Cash from Financing Activity | 2,858 | −17 | −147 | 2,902 | 3,538 | −366 | −432 | −532 |
| Net Cash Flow | 1,676 | −1,583 | 196 | −81 | 100 | 8 | 33 | −94 |
Ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| ROCE % | — | −7.0 | −8.0 | −17.0 | −11.0 | −2.0 | 2.0 | 1.0 |
| ROE % | — | — | — | — | — | — | — | −0.2 |
| EPS (₹) | −18,607.05 | −2,758.26 | −2,492.60 | −15.75 | −13.83 | −3.38 | 2.17 | 2.04 |
| Book Value (₹) | — | — | — | — | — | — | — | 129.0 |
| Face Value (₹) | — | — | — | — | — | — | — | 1 |
| P/E | — | — | — | — | — | — | — | 252.0 |
| Div Yield % | — | — | — | — | — | — | — | 0.00 |
| NPM % | −105.2 | −9.0 | −11.0 | −14.4 | −13.4 | −2.9 | 1.7 | 1.4 |
| OPM % | −98.0 | −6.0 | −3.4 | −7.0 | −6.0 | 1.6 | 4.2 | 6.0 |
| D/E | 0.13 | 0.25 | 0.41 | 0.18 | 0.10 | 0.13 | 0.15 | 0.15 |
| P/B | — | — | — | — | — | — | — | 3.1 |
Growth
Compounded sales growth
5 years+24.0%
3 years+13.0%
TTM+23.0%
Compounded profit growth
5 years+14.0%
3 years+26.0%
TTM−40.0%
Stock price CAGR
3 years−2.0%
Last year−14.0%
Return on equity
5 years−6.0%
3 years−1.0%
Last year0.0%
Documents
Announcements
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSGrant Of Stock OptionsClosure of Trading WindowGrant Of Stock OptionsShareholder Meeting / Postal Ballot-Scrutinizer''s ReportCorporate actions
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman