NSE: DELHIVERY | BSE: 543529

Mid-range Performer

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427.90 -5.50 (-1.27%)

80.91% Gain from 52W Low

2.5M NSE+BSE Volume

NSE 02 Mar, 2026 3:31 PM (IST)

32,029.3

Market Cap

Market Runner Up

Beta 1Year

Very 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.

31 Jan 2026

427.90

-1.27%

Strong beat on all fronts; margins set to improve further

Buy: Delhivery Ltd.

Target

Motilal Oswal

Delhivery posted revenue growth of 18% YoY to INR28b in 3QFY26 (in line). Reported EBITDA doubled YoY to ~INR2.1b (est. INR1.6b). EBITDA margins stood at 7.4% (+310bp YoY and +470bp QoQ) against our estimate of 5.8%.

Number of FII/FPI investors decreased from 376 to 358 in Dec 2025 qtr

Delhivery Ltd.

28 Jan 2026

427.90

-1.27%

Structurally best placed in e-commerce logistics consolidation

Buy: Delhivery Ltd.

Motilal Oswal

India’s e-commerce logistics landscape is divided between captive in-house platforms and independent 3PL players, with materially different economic outcomes.

Delhivery has gained 71.26% in the last 1 Year

Delhivery Ltd.

26 Dec 2025

427.90

-1.27%

DELHIVERY LIMITED

Buy: Delhivery Ltd.

Recommendation Target

Geojit BNP Paribas

*over or under performance to benchmark index Delhivery Limited is India's largest fully integrated logistics provider. With a robust network spanning 18,700+ pin codes, 45 automated sort centres, and 73,000+ team...

Delhivery has gained 71.26% in the last 1 Year

Delhivery Ltd.

06 Nov 2025

427.90

-1.27%

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

Accumulate: Delhivery Ltd.

Target

Prabhudas Lilladhar

Delhivery Ltd. has an average target of 529.60 from 5 brokers.

Delhivery Ltd.

06 Nov 2025

427.90

-1.27%

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 all available SMAs

Delhivery Ltd.

06 Nov 2025

427.90

-1.27%

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.

Delhivery Ltd. has an average target of 529.60 from 5 brokers.

Delhivery Ltd.

05 Nov 2025

427.90

-1.27%

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.

Delhivery Ltd. has an average target of 529.60 from 5 brokers.

Delhivery Ltd.

08 Oct 2025

427.90

-1.27%

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.

Number of FII/FPI investors decreased from 376 to 358 in Dec 2025 qtr

Delhivery Ltd.

04 Aug 2025

427.90

-1.27%

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 all available SMAs

Delhivery Ltd.

02 Aug 2025, 12:00AM

427.90

-1.27%

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. has an average target of 529.60 from 5 brokers.

VOTE: Is Delhivery Ltd. worth buying?

200 Votes:

Buy 79.5%

Sell 12.5%

Hold 8.0%

RESEARCH REPORTS

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Buy SEE REPORTS >

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