NSE: DELHIVERY | BSE: 543529

Falling Comet

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258.60 11.65 (4.72%)

High vol. this week

NSE 15 Apr, 2025 3:59 PM (IST)

19,284.7

Market Cap

Market Runner Up

0.9

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.

Delhivery Ltd.

23 Dec 2023

258.60

4.72%

Delhivery Ltd. target price 450

Buy: Delhivery Ltd.

BP Wealth

Delhivery Ltd. has an average target of 426.25 from 4 brokers.

Delhivery Ltd.

06 Nov 2023

258.60

4.72%

Subdued Q2FY24 due to adverse seasonality; bright spots visible for Q3FY24E

Buy: Delhivery Ltd.

ICICI Securities Limited

Revenue growth for Delhivery remained subdued as festive season impact was absent in Q2FY24. However, management called out sharp recovery in express parcel volumes from Q3FY24 with a large proportion of heavy packages (bodes well for yield).

Delhivery Ltd. has lost -38.25% in the last 6 Months

Delhivery Ltd.

07 Aug 2023

258.60

4.72%

Capex schedule upsets profitability in Q1 though market share gains continue

Buy: Delhivery Ltd.

Target

ICICI Securities Limited

In Q1FY24, Delhivery’s adjusted EBITDA loss was INR 250mn (vs profit of INR 60mn in Q4FY23) largely due to annual wage increments, investments in capacity expansion (60-70% of yearly capex in Q1) and disruptions pertaining to security and weather. In spite of Q1 being a seasonally weaker quarter, express parcel revenue grew 2.1% QoQ/ 14.3% YoY, broadly in line with our estimates.

Delhivery Ltd. has an average target of 426.25 from 4 brokers.

Delhivery Ltd.

07 Jul 2023

258.60

4.72%

Delhivery Limited

Buy: Delhivery Ltd.

ICICI Direct

Delhivery Ltd. has lost -44.33% in the last 1 Year

Delhivery Ltd.

06 Jun 2023

258.60

4.72%

Analyst Day: Taking new initiatives to improve data visibility; PTL biz to grow at robust pace

Buy: Delhivery Ltd.

ICICI Securities Limited

In this note we highlight some of the key takeaways from Delhivery’s Analyst Day event organised at their Tauru warehouse (Gurugram,Haryana) on June 5, 2023. Delhivery team has taken some new initiatives (such as RTO scores) to improve data visibility for customers, which we believe could in turn help in gaining share in express parcel segment or open up newer avenues for monetization.

Delhivery Ltd. is trading below its 50 day SMA of 271.4

Delhivery Ltd.

22 May 2023

258.60

4.72%

Adjusted EBITDA positivity achieved

Buy: Delhivery Ltd.

ICICI Securities Limited

In Q4FY23, Delhivery reported positive EBITDA margin for the first time since listing. Though the quantum of EBITDA profitability is not significant from a valuation context, the steady improvement over the last 2-3 quarters is a positive development.

Delhivery Ltd. average weekly volume is high.

Delhivery Ltd.

12 Feb 2023

258.60

4.72%

Revenue miss; margin improves

Buy: Delhivery Ltd.

Target

ICICI Securities Limited

Delhivery’s Q3FY23 revenue was lower than our estimates due to delayed recovery in PTL volumes. Management clarified that this was due to network footprint optimisation and subdued volumes in the first few days of Q3FY23 caused by unseasonal rains in Tauru.

Delhivery Ltd. has lost -44.33% in the last 1 Year

Delhivery Ltd.

21 Nov 2022

258.60

4.72%

Five reasons to buy this quality name

Buy: Delhivery Ltd.

Recommendation Target

ICICI Securities Limited

We believe Delhivery’s current valuations provide a great opportunity to BUY this high quality stock. The risk-reward skew at current market price is very attractive in our view (5.3:1).

Delhivery Ltd. has lost -20.19% in the last 3 Months

Delhivery Ltd.

10 Aug 2022

258.60

4.72%

Spot on integration challenges Q1FY23 print

Sell: Delhivery Ltd.

Recommendation

ICICI Securities Limited

Delhivery reported adjusted EBITDA loss of Rs2.17bn for Q1FY23, departing from the positive trend under the same parameter over the past two quarters.

Delhivery Ltd.'s price crossed above 30Day SMA today

Delhivery Ltd.

01 Jul 2022

258.60

4.72%

The promise of scale and operational efficiencies

Hold: Delhivery Ltd.

ICICI Securities Limited

Delhivery’s B2C-heavy business model has a potential profit pool of Rs 63bn in India in our view (by FY26E). Our base case assumes Delhivery to capture ~25% of the same. We see significant scope of operating leverage with global best practices in distribution, sorting as well as consolidation likely streamlining processes.

Delhivery Ltd. average weekly volume is high.

VOTE: Is Delhivery Ltd. worth buying?

161 Votes:

Buy 80.12%

Sell 12.42%

Hold 7.45%

RESEARCH REPORTS

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