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DELHIVERY - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.5

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.5

Stock Code DELHIVERY Market Cap 31,734 Cr. Current Price 424 ₹ High / Low 490 ₹
Stock P/E 94.1 Book Value 135 ₹ Dividend Yield 0.00 % ROCE 2.71 %
ROE 1.78 % Face Value 1.00 ₹ DMA 50 421 ₹ DMA 200 414 ₹
Chg in FII Hold -3.08 % Chg in DII Hold 2.93 % PAT Qtr 101 Cr. PAT Prev Qtr 61.2 Cr.
RSI 51.4 MACD -4.14 Volume 41,00,159 Avg Vol 1Wk 22,93,541
Low price 238 ₹ High price 490 ₹ PEG Ratio 3.14 Debt to equity 0.15
52w Index 73.7 % Qtr Profit Var 141 % EPS 3.13 ₹ Industry PE 21.0

📊 Core Financials

  • Revenue Growth: PAT improved (₹101 Cr vs ₹61.2 Cr), showing strong momentum
  • Profit Margins: EPS ₹3.13, very modest profitability
  • Debt Ratio: Low leverage (Debt-to-Equity 0.15)
  • Cash Flows: Supported by operational scale, but margins remain thin
  • Return Metrics: ROCE 2.71%, ROE 1.78% — weak efficiency

💹 Valuation Indicators

  • P/E Ratio: 94.1 (far above industry PE of 21.0, highly overvalued)
  • P/B Ratio: ~3.14 (premium valuation)
  • PEG Ratio: 3.14 (growth priced expensively)
  • Intrinsic Value: Current price ₹424 is near support (₹238), offering cautious entry

🏢 Business Model & Competitive Advantage

  • Leading logistics and supply chain solutions provider in India
  • Strong technology-driven operations and wide distribution network
  • Low debt enhances financial resilience
  • No dividend yield, reinvestment strategy focused on growth

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: ₹400–₹440 range (near support levels)
  • Long-Term Holding: Suitable for aggressive investors betting on logistics sector growth
  • Risk: Weak ROE/ROCE and premium valuation may limit upside


✅ Positive

  • Strong PAT growth of 141% QoQ
  • Low debt ensures financial stability
  • Strong market presence in logistics and supply chain

⚠️ Limitation

  • P/E ratio significantly higher than industry average
  • Weak ROE and ROCE indicate poor efficiency
  • Thin margins with EPS of only ₹3.13

📰 Company Negative News

  • Decline in FII holdings (-3.08%) shows reduced foreign investor confidence
  • Stock trading near upper band, limiting entry opportunities

🌟 Company Positive News

  • DII holdings increased (+2.93%), showing strong domestic investor support
  • PAT improved significantly from ₹61.2 Cr to ₹101 Cr

🏦 Industry

  • Logistics and supply chain sector with strong long-term demand
  • Industry PE at 21.0, DELHIVERY trades far above this, showing premium valuation
  • Sector growth supported by e-commerce expansion and infrastructure push

🔎 Conclusion

  • DELHIVERY offers growth potential with strong market presence and low debt
  • Valuation is expensive compared to industry peers
  • Entry near ₹400–₹440 is favorable for high-risk investors
  • Best suited for portfolios seeking logistics sector exposure, but efficiency metrics remain weak

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