Delhivery Ltd.
NSE: DELHIVERYDelhivery Ltd.: A 30-second snapshot
Delhivery trades at ₹478.35, up 5.18% over the past year and 8.71% below its 52-week high, holding above both its 50-day (₹474.07) and 200-day (₹443.02) moving averages with RSI at a neutral 50.3. Five-year revenue growth of 27.8% has come alongside a 65% decline in five-year earnings, with ROE not exceeding 15% in any of the last 5 years and a 0.84% profit margin. The stock's trailing PE of 381.8x sits far above visible sector peers (28x-42x), while its forward PE of 41.3x is much closer to that peer range.
P/E
381.8
Forward P/E
41.3
ROE
—
Debt / Equity
15.10
Profit Margin
+0.8%
Div. Yield
—
5Y ROE > 15%
0/5
5Y FCF > 0
2/5
Quality
48/100
News
8 headlines · 2 positive · 0 negative
Delhivery Ltd re-appoints Sahil Barua as MD & CEO - Whispers in the Corridors
Whispers in the Corridors
Buy Delhivery Ltd for the Target Rs 570 by Motilal Oswal Financial Services Ltd - Investment Guru
Investment Guru
Delhivery's financial services arm receives RBI nod for Type II NBFC licence - CNBC TV18
CNBC TV18
Delhivery Q1 Results Today: Time, Earnings Call, Dividend, What To Watch, Share Price - NDTV Profit
NDTV Profit
Delhivery To Review Q1 Results On August 8 - Sahi
Sahi
Recent context
- ·Sahil Barua was re-appointed MD & CEO, reported August 10, 2026
- ·Delhivery's financial-services arm received an RBI Type II NBFC licence nod, reported July 14, 2026
- ·Motilal Oswal issued a 'Buy' call with a ₹570 target on Delhivery in an August 10 report, following the company's Q1 results review on August 8
Strengths
- +Five-year revenue growth of 27.8%, and the stock currently trades above both its 50-day (₹474.07) and 200-day (₹443.02) moving averages
- +Absolute leverage remains low at a debt-to-equity of 0.15x
- +Financial-services arm received an RBI Type II NBFC licence nod, reported July 14, 2026
- +Mean analyst rating of 1.3 across 20 analysts (1-5 scale, lower = more constructive)
Weaknesses
- −ROE has not exceeded 15% in any of the last 5 tracked years, profit margin is just 0.84%, free cash flow was positive in only 2 of the last 5 years, and 5-year earnings growth of -65% has diverged sharply from 27.8% revenue growth over the same period
- −Trailing PE of 381.8x is far above the visible sector-peer range (28.4x-42.1x); quality score of 27 ranks 5th of 6 peers with available data
- −Debt trend is flagged as rising in the persistence tracker even though the absolute debt-to-equity level (0.15x) is low
- −Sector peer comparison is limited by missing PE/ROE data for 2 of 5 peers (INDIGO, GMRAIRPORT), and peer ROE/1-year price-change rankings are unavailable
Open questions
- ?What is driving the divergence between 27.8% five-year revenue growth and a 65% decline in five-year earnings over the same period — cost structure, pricing, or one-off items?
- ?Does the new RBI NBFC licence for the financial-services arm represent a scalable new revenue stream, or an early-stage initiative years from materially affecting results?
- ?How does a forward PE of 41.3x (versus a trailing PE of 381.8x) reconcile with an ROE that has not exceeded 15% in any of the last five years?
- ?Given a mean analyst rating of 1.3 across 20 analysts, what specific margin or earnings assumptions would need to hold for the current valuation gap between trailing and forward PE to close?
Peer comparison: Services
Ranks 5 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| DELHIVERY | Delhivery Ltd.You're viewing | 381.8 | — | 27 |
| Industry avg | across 5 peers | 33.9 | — | 36 |
| ADANIPORTS | Adani Ports and Special Economic Zone Ltd. | 28.4 | — | 52 |
| CONCOR | Container Corporation of India Ltd. | 31.3 | — | 41 |
| GMRAIRPORT | GMR Airports Ltd. | — | — | 40 |
| BLUEDART | Blue Dart Express Ltd. | 42.1 | — | 35 |
| INDIGO | InterGlobe Aviation Ltd. | — | — | 11 |
Technical state
Current price
₹478.35
SMA 50
₹474.07
SMA 200
₹443.02
RSI (14)
50.3 (neutral)
From 52w high
-8.7%
1Y return
+5.2%
3M return
+1.7%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highProfitability is thin and inconsistent: ROE has not exceeded 15% in any of the last 5 tracked years (0 of 5, consistency score 19), profit margin is just 0.84%, and free cash flow was positive in only 2 of the last 5 years (negative in the other 3). Five-year earnings growth of -65% has diverged sharply from 27.8% five-year revenue growth over the same period.
- mediumTrailing PE of 381.8x is far above the visible sector-peer range (ADANIPORTS 28.4x, CONCOR 31.3x, BLUEDART 42.1x), while forward PE of 41.3x implies the market is pricing a large step-up in near-term earnings. Quality score of 27 ranks 5th of 6 peers with available data.
- lowDebt trend is flagged as 'rising' in the persistence tracker, even though absolute leverage remains low (debt-to-equity of 0.15x).
- lowSector peer comparison is partial: 2 of 5 listed Services-sector peers (INDIGO, GMRAIRPORT) are missing PE and ROE figures, and peer-relative ROE and 1-year price-change rankings are unavailable.
Cross-section contradictions
- Mean analyst rating of 1.3 across 20 analysts (1-5 scale, lower = more constructive) sits alongside an ROE that has not exceeded 15% in any of the last 5 years, 5-year earnings growth of -65% despite 27.8% revenue growth over the same period, and a quality score of 27 that ranks 5th of 6 peers with available data.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 11 Aug 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 11 Aug 2026 · rotates through NIFTY 500 every ~5 days