DELHIVERY - Fundamental Analysis: Financial Health & Valuation
Back to ListFundamental Rating: 3.1
| Stock Code | DELHIVERY | Market Cap | 34,968 Cr. | Current Price | 467 ₹ | High / Low | 490 ₹ |
| Stock P/E | 104 | Book Value | 135 ₹ | Dividend Yield | 0.00 % | ROCE | 2.71 % |
| ROE | 1.78 % | Face Value | 1.00 ₹ | DMA 50 | 442 ₹ | DMA 200 | 422 ₹ |
| Chg in FII Hold | -0.34 % | Chg in DII Hold | 1.29 % | PAT Qtr | 101 Cr. | PAT Prev Qtr | 61.2 Cr. |
| RSI | 60.2 | MACD | 8.93 | Volume | 26,46,159 | Avg Vol 1Wk | 26,58,098 |
| Low price | 295 ₹ | High price | 490 ₹ | PEG Ratio | 3.46 | Debt to equity | 0.15 |
| 52w Index | 88.2 % | Qtr Profit Var | 141 % | EPS | 3.13 ₹ | Industry PE | 23.7 |
📊 Delhivery (DELHIVERY) shows weak efficiency metrics with ROE (1.78%) and ROCE (2.71%), despite its large market cap of ₹34,968 Cr. Debt-to-equity at 0.15 reflects manageable leverage, but EPS of ₹3.13 is modest relative to valuation. Quarterly PAT improved (61.2 Cr → 101 Cr, +141%), showing operational recovery, yet overall profitability remains low. Valuation is severely stretched with P/E (104) compared to industry average (23.7), while PEG ratio (3.46) suggests limited growth-adjusted comfort. Technicals show bullish momentum with RSI (60.2), MACD (8.93), and price trading above both 50 DMA (442 ₹) and 200 DMA (422 ₹).
🎯 Entry Zone: 440 ₹ – 455 ₹ (near DMA support)
📌 Long-Term Holding: Risky due to weak efficiency and extreme overvaluation. Suitable only for cautious accumulation with strict stop-loss discipline. Long-term compounding potential is limited unless profitability improves significantly.
Positive
- Quarterly PAT growth (+141%) shows operational improvement.
- Debt-to-equity (0.15) indicates manageable leverage.
- DII holdings increased (+1.29%), reflecting domestic institutional confidence.
- Technical indicators (RSI, MACD) show bullish momentum.
Limitation
- Extremely high P/E (104) vs industry average (23.7).
- Weak ROE (1.78%) and ROCE (2.71%).
- PEG ratio (3.46) suggests poor growth-adjusted valuation.
- Decline in FII holdings (-0.34%) shows reduced foreign investor confidence.
Company Negative News
- Weak efficiency metrics despite revenue scale.
- High valuation multiples limit upside potential.
Company Positive News
- Quarterly PAT growth highlights earnings recovery.
- DII inflows (+1.29%) show domestic institutional support.
- Strong technical momentum above DMA levels.
Industry
- Industry P/E (23.7) is far lower than DELHIVERY’s 104, highlighting severe overvaluation.
- Logistics sector has long-term demand drivers, supported by e-commerce and infrastructure expansion.
Conclusion
⚠️ Delhivery is financially stable with manageable debt but faces weak efficiency and extreme overvaluation. Entry around 440–455 ₹ offers limited risk-reward. Long-term holding is justified only with cautious exposure, as upside depends on sustained profitability improvement. Partial exits near 480–490 ₹ are advisable if momentum fails to sustain above resistance.
This structured HTML report captures Delhivery’s operational recovery but highlights its weak efficiency and severe valuation risks. If you’d like, I can extend this into a peer benchmarking overlay against other logistics players like Blue Dart or TCI Express to show relative positioning. Would you like me to prepare that next?