NSE: DELHIVERY | BSE: 543529

Strong Performer, Getting Expensive

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468.75 -1.90 (-0.40%)

New 52W High in past week

1.5M NSE+BSE Volume

NSE 05 Sep, 2025 3:31 PM (IST)

35,002.5

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.

03 Aug 2024

468.75

-0.40%

PTL makes up for muted revenue growth in express parcel; cost control drives margin beat

Buy: Delhivery Ltd.

ICICI Securities Limited

Express parcel volumes were below our estimates, but yield improvement of 5.6% YoY aided revenue growth of 6.2% YoY. PTL surprised positively, growing 25.4% YoY in a weak market.

Delhivery Ltd. is trading above all available SMAs

Delhivery Ltd.

23 May 2024

468.75

-0.40%

Techno Funda Ideas May 2024

Buy: Delhivery Ltd.

Ashika Research

Delhivery Ltd. has gained 27.71% in the last 3 Months

Delhivery Ltd.

18 May 2024

468.75

-0.40%

EBITDA profitability sustains in Q4FY24 despite adverse seasonality in express parcel

Buy: Delhivery Ltd.

Target

ICICI Securities Limited

In Q4FY24, Delhivery’s express parcel revenue declined 16% QoQ (+3% YoY), as e-commerce spends softened post a strong festive season

Number of FII/FPI investors increased from 318 to 345 in Jun 2025 qtr.

Delhivery Ltd.

23 Dec 2023

468.75

-0.40%

Delhivery Ltd. target price 450

Buy: Delhivery Ltd.

BP Wealth

Delhivery Ltd. has gained 79.60% in the last 6 Months

Delhivery Ltd.

06 Nov 2023

468.75

-0.40%

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).

Number of FII/FPI investors increased from 318 to 345 in Jun 2025 qtr.

Delhivery Ltd.

07 Aug 2023, 12:00AM

468.75

-0.40%

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. is trading above all available SMAs

Delhivery Ltd.

07 Jul 2023, 12:00AM

468.75

-0.40%

Delhivery Limited

Buy: Delhivery Ltd.

ICICI Direct

Delhivery Ltd. has gained 79.60% in the last 6 Months

Delhivery Ltd.

06 Jun 2023

468.75

-0.40%

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.

Number of FII/FPI investors increased from 318 to 345 in Jun 2025 qtr.

Delhivery Ltd.

22 May 2023

468.75

-0.40%

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. has an average target of 475.40 from 5 brokers.

Delhivery Ltd.

12 Feb 2023

468.75

-0.40%

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 gained 27.71% in the last 3 Months

VOTE: Is Delhivery Ltd. worth buying?

186 Votes:

Buy 80.11%

Sell 11.83%

Hold 8.06%

RESEARCH REPORTS

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