NSE: DELHIVERY | BSE: 543529

Mid-range Performer

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410.65 4.80 (1.18%)

73.61% Gain from 52W Low

3.2M NSE+BSE Volume

NSE 25 Nov, 2025 3:31 PM (IST)

30,707.5

Market Cap

Market Runner Up

0.8

Beta 1Year

Low volatility

Delhivery Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for DELHIVERY, BSE:543529 Delhivery Ltd.

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Delhivery Ltd.

06 Nov 2025

410.65

1.18%

Q2FY26 on expected lines; growth and margin levers intact

Buy: Delhivery Ltd.

Target

Emkay

Delhivery’s Q2FY26 results (excluding Ecom) were in line with our revenue/EBITDA estimates. With network investments in core transportation businesses (for the festive season) behind us, seasonality would aid peak profitability in H2FY26, coupled with the lower-than-anticipated integration cost (~Rs2bn vs Rs3bn earlier) boosting PAT in FY26, in our view.

Number of FII/FPI investors increased from 345 to 376 in Sep 2025 qtr.

Delhivery Ltd.

06 Nov 2025

410.65

1.18%

Delhivery (DELHIVER IN) Q2FY26 Result Update B2C and...

Accumulate: Delhivery Ltd.

Target

Prabhudas Lilladhar

Number of FII/FPI investors increased from 345 to 376 in Sep 2025 qtr.

Delhivery Ltd.

06 Nov 2025

410.65

1.18%

Revenue growth beats elevated expectations; operational margin miss of 100bps

Buy: Delhivery Ltd.

ICICI Securities Limited

Express parcel volumes grew 33% YoY, with 24% YoY revenue growth. Express parcel’s yield declined 3% QoQ due to inferior mix. PTL tonnage grew 12% YoY despite a 3% YoY price increase, which shows Delhivery’s pricing power.

Delhivery Ltd. is trading above its 200 day SMA of 378.2

Delhivery Ltd.

05 Nov 2025

410.65

1.18%

One-time integration costs hit 2Q performance; outlook remains bright

Buy: Delhivery Ltd.

Target

Motilal Oswal

Delhivery posted a 17% YoY rise in revenue to INR25.6b in 2QFY26 (in line). During the quarter, the company recognized INR900m of costs related to ecom express integration. The acquisition was formally completed in Jul’25.

Number of FII/FPI investors increased from 345 to 376 in Sep 2025 qtr.

Delhivery Ltd.

08 Oct 2025

410.65

1.18%

Strong start to the festive season!

Buy: Delhivery Ltd.

Target

Motilal Oswal

According to the RBI, total electronic payments surged to INR11.3t on 22nd Sep’25, nearly ten times higher than the INR1.18t recorded the previous day.

Delhivery Ltd. is trading below its 30 day SMA of 451.5

Delhivery Ltd.

04 Aug 2025

410.65

1.18%

Delhivery (DELHIVER IN) Q1FY26 Result Update B2C volume...

Accumulate: Delhivery Ltd.

Recommendation Target

Prabhudas Lilladhar

Service EBITDA margin of PTL business zooms to 10.7% (3.2% in 1QFY25). We increase our FY26E/FY27E EBITDA estimates by 3.7%/2.0% amid strong performance in 1QFY26 but downgrade DELHIVER IN to ACCUMULATE (earlier BUY) with a TP of Rs466 given 34% appreciation in stock price since our last update report. While DELHIVER IN's top-line was a miss by 6.8% due to weak performance from SCS and cross border businesses, B2C shipment volume growth was back in double-digits after 5 quarters. Operating performance was...

Delhivery Ltd. is trading above its 200 day SMA of 378.2

Delhivery Ltd.

02 Aug 2025

410.65

1.18%

Structural tailwinds and strong execution warrant rerating; reiterate BUY

Buy: Delhivery Ltd.

Target

ICICI Securities Limited

In Q1FY26, Delhivery beat estimates in terms of growth and profitability. Express parcel volume grew 13.7% YoY, improving from FY25’s 2–3% volume growth trend.

Delhivery Ltd. is trading above its 200 day SMA of 378.2

Delhivery Ltd.

02 Aug 2025

410.65

1.18%

Positioned for scalable growth; eyes margin expansion and network synergies

Buy: Delhivery Ltd.

Target

Motilal Oswal

Delhivery reported a 6% YoY increase in revenue to INR22.9b in 1QFY26. EBITDA surged 53% YoY to INR1.5b, resulting in an improved EBITDA margin of 6.5%.

Number of FII/FPI investors increased from 345 to 376 in Sep 2025 qtr.

Delhivery Ltd.

09 Jul 2025

410.65

1.18%

Built to scale, wired for speed!

Buy: Delhivery Ltd.

Motilal Oswal

Delhivery is India’s leading 3PL logistics player, catering to a wide network of ~19,000 pincodes. Its service offerings include express parcels, part truck load (PTL), supply chain services, and others.

Delhivery Ltd. has an average target of 520.00 from 5 brokers.

Delhivery Ltd.

06 Jun 2025

410.65

1.18%

DELHIVERY LIMITED

Accumulate: Delhivery Ltd.

Geojit BNP Paribas

Delhivery's consolidated revenue saw a 5.6% YoY increase, reaching Rs. 2,192cr in Q4FY25, owing to increasing the Part Truckload (PTL) volumes. Indian operations contributed Rs. 2,191cr (+5.6% YoY). International revenue,...

Delhivery Ltd. is trading below its 30 day SMA of 451.5

VOTE: Is Delhivery Ltd. worth buying?

195 Votes:

Buy 79.49%

Sell 12.31%

Hold 8.21%

RESEARCH REPORTS

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