View 9 reports from 6 analysts offering long term price targets
for Delhivery Ltd..
Delhivery Ltd. has an average target of 645.50. The consensus estimate
represents an upside of 86.13%
from the last price of 346.80.
- This broker has downgraded this stock from it's previous report. (eg. - Buy->Hold)
- Broker has maintained previous recommendation but reduced share price target.
- This broker has upgraded this stock from it's previous report.(eg. - Sell->Hold)
- Broker has maintained previous recommendation but increased share price target.
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’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.
Issue Snapshot: Issue Open: May 11 May 13, 2022 Price Band: Rs. 462 487 (A discount of Rs.25 for all eligible employee) *Issue Size: Rs 5235.0 cr (Fresh issue 4000 cr + offer for sale of 1235 cr) Reservation for: QIB atleast 75% eq sh Non Institutional upto 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail upto 10% eq sh Employee Reservation: aggregating upto Rs. 20 Cr Face Value: Rs 1 Book value: Rs 93.19 (Dec 31, 2021) Bid size: - 30 equity shares and in multiples thereof 100% Book built Issue Delhivery Limited - IPO Note
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