In Week of Mar 28, 2026, Delhivery Ltd (Logistics - Warehousing/Supply Chain) is outperforming Nifty 500 with +16.9% relative strength. Fundamentals: Average. On a 5-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 28, 2026
What: Higher network utilization across transportation business leading to operating leverage
Impact: +₹150 Cr revenue
“Express margins at 18.1%, PTL at 11%, with management targeting 16%+ PTL margins”
What: Exit from unprofitable contracts and focus on profitable mandates
Impact: +₹50 Cr revenue
“SCS EBITDA margins improved from 2.1% to 13% YoY, with healthy pipeline of new contracts”
What: Expansion of intracity services to Mumbai and Hyderabad, plus launch of air economy product
Impact: +₹80 Cr revenue
“Delivery Direct extended to two new cities, Delivery International launched for SME customers”
Earnings deceleration risks from management commentary
Trigger: Integration costs exceed plan
Impact: -300 bps margin impact
Management view: We learned from our spot on integration which wasn't something that went to plan.
Monitor: Integration costs as % of revenue
Trigger: GDP growth < 5%
Impact: -200 bps margin impact
Management view: The economy is not growing at 23%. So obviously our existing client base has not grown, not contributed all of the 23%.
Monitor: E-commerce GMV growth
Key quotes from recent conference calls
“Our margins are sustainable. They do not depend on variations in volume. You can go back from the day that we went public to today. — Sahil Barua”
“We took an informed call to exit some of the unprofitable portfolios here. So we exited a mother warehouse for quick commerce. — Sahil Barua”
“We've extended our on demand intra city service to two new cities, Mumbai and Hyderabad. And we've launched an air economy product which our SME customers can benefit from which is Delivery International. — Sahil Barua”
“We project ROIC of 25-30% on tangible assets in the steady state, with adjusted EBITDA margins of 10-11% as corporate costs fall further. — Management”
Forward-looking targets from management for Next 2-4 quarters
Revenue Growth Target
15%
Implied PAT Growth
20%
OPM Guidance
16%
Capex Plan
₹20 Cr
Key Milestones
• PTL margins to reach 16%+
• Express margins to sustain 16-18% range
• SCS segment to maintain 13%+ margins
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +18% | +9% | Stable |
| PAT (Net Profit) | +60% | +75% | Stable |
| OPM | 7.0% | +300 bps | Expanding |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 28, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Delhivery Ltd's latest quarterly results (Dec 2025) show
Delhivery Ltd's profit is growing with an stable trend.
Delhivery Ltd's revenue growth trend is stable.
Delhivery Ltd's operating margin is expanding.
Delhivery Ltd's long-term compounding rates
Delhivery Ltd's earnings growth is stable with mixed signals on a sequential basis.
Delhivery Ltd's trailing twelve month (TTM) performance
Delhivery Ltd appears significantly overvalued based on our fair value analysis.
Delhivery Ltd's current PE ratio is 178.0x.
Delhivery Ltd's current PE is 178.0x.
Delhivery Ltd's price-to-book ratio is 3.4x.
Delhivery Ltd is rated Average with a fundamental score of 48.44/100. This score is calculated from objective financial metrics
Delhivery Ltd has a debt-to-equity ratio of N/A.
Delhivery Ltd's return ratios over recent years
Delhivery Ltd's operating cash flow is positive (FY2025).
Delhivery Ltd currently does not pay a significant dividend (yield 0.00%).
Delhivery Ltd's shareholding pattern (Dec 2025)
Delhivery Ltd's promoter holding is 0.0%.
Delhivery Ltd has been outperforming Nifty 500 for 5 consecutive weeks, indicating building momentum.
Delhivery Ltd is an established outperformer with 5 weeks of consecutive Nifty 500 outperformance.
Delhivery Ltd has 3 key growth catalysts identified from recent earnings analysis
Delhivery Ltd has 2 key risks worth monitoring
In Q3 FY26, Delhivery Ltd's management highlighted
Delhivery Ltd's management has provided the following forward guidance for Next 2-4 quarters
Based on quantitative research signals, here is why Delhivery Ltd may be worth studying
Delhivery Ltd investment thesis summary:
Delhivery Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
