Delhivery Future Growth
Future criteria checks 4/6
Delhivery is forecast to grow earnings and revenue by 39.3% and 14% per annum respectively. EPS is expected to grow by 38.2% per annum. Return on equity is forecast to be 9.7% in 3 years.
Key information
39.3%
Earnings growth rate
38.21%
EPS growth rate
| Logistics earnings growth | 30.0% |
| Revenue growth rate | 14.0% |
| Future return on equity | 9.68% |
| Analyst coverage | Good |
| Last updated | 03 Jun 2026 |
Recent future growth updates
Analysis Article • May 19
Delhivery Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Delhivery Limited ( NSE:DELHIVERY ) shareholders are probably feeling a little disappointed, since its shares fell 4.9...Analysis Article • Feb 03
Delhivery Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Shareholders of Delhivery Limited ( NSE:DELHIVERY ) will be pleased this week, given that the stock price is up 14% to...Analysis Article • Nov 08
Analysts Have Made A Financial Statement On Delhivery Limited's (NSE:DELHIVERY) Half-Year Report
Delhivery Limited ( NSE:DELHIVERY ) missed earnings with its latest half-yearly results, disappointing...Recent updates
Narrative Update • Jun 02
DELHIVERY: Board And Remuneration Decisions Will Shape Outlook While Pricing Stays Measured
Analysts have raised their price target on Delhivery from ₹424.67 to ₹455.93, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News A board meeting is scheduled for May 16, 2026 at 13:00 Indian Standard Time to consider and approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, and to consider a declaration with respect to the audit report with unmodified opinion.Analysis Article • May 24
Delhivery's (NSE:DELHIVERY) Conservative Accounting Might Explain Soft Earnings
Soft earnings didn't appear to concern Delhivery Limited's ( NSE:DELHIVERY ) shareholders over the last week. We did...Analysis Article • May 19
Delhivery Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Delhivery Limited ( NSE:DELHIVERY ) shareholders are probably feeling a little disappointed, since its shares fell 4.9...
Narrative Update • May 16
DELHIVERY: Higher Governance Focus Will Support Stronger Long Term Profitability
Analysts are keeping Delhivery's fair value estimate steady at ₹600.00, with updated assumptions around discount rate, revenue growth, profit margins and future P/E multiples shaping the refreshed price target narrative. What's in the News A board meeting is scheduled on May 16, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026, which could refresh the data investors use in their models (company filing).Narrative Update • May 01
DELHIVERY: Revised Assumptions And Upcoming Meeting Will Likely Support Fair Pricing
Analysts have raised their price target on Delhivery from ₹360.33 to ₹424.67, citing updated assumptions for revenue growth, profit margin and future P/E that they consider better aligned with the company’s current risk profile and earnings potential. What's in the News Delhivery has scheduled a Special or Extraordinary Shareholders Meeting for May 7, 2026, to be conducted via postal ballot in India (company event filing).
Narrative Update • Apr 17
DELHIVERY: AI Freight Automation Will Drive The Next Bullish Phase
Analysts have nudged their fair value estimate for Delhivery slightly higher, with the price target moving by about ₹4 to ₹526.82. This reflects small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions.Narrative Update • Apr 02
DELHIVERY: Autonomous Systems And New Financial Arm Will Support Stronger Long Term Profitability
Analysts have kept Delhivery's headline fair value unchanged at ₹600. They have refined assumptions such as a slightly lower discount rate, adjusted revenue growth and profit margin forecasts, and a marginally different future P/E, which together shape a more updated view of risk and earnings quality around the same target level.Narrative Update • Mar 19
DELHIVERY: New Financial Services And AI Automation Will Shape Next Phase
Analysts have kept Delhivery's fair value unchanged at ₹523.04 per share, with only slight adjustments to the discount rate, revenue growth, profit margin and forward P/E assumptions, resulting in a steady overall price target view. What's in the News Board meeting scheduled on January 31, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).Narrative Update • Mar 05
DELHIVERY: New Financial Services Expansion Will Anchor Next Phase Of Growth
Narrative Update on Delhivery The updated analyst price target for Delhivery edges up from about ₹522 to about ₹523, with analysts citing slightly revised assumptions for the discount rate, revenue growth, profit margin, and future P/E to explain the change. What's in the News Board meeting scheduled on January 31, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.Narrative Update • Feb 19
DELHIVERY: New Financial Services Arm Will Support Next Phase Of Expansion
Analysts have lifted their price target on Delhivery from ₹498.65 to ₹521.52, citing updated assumptions around revenue growth, profit margin and future P/E that together point to a modestly higher fair value estimate. What's in the News Board meeting scheduled on January 31, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.Narrative Update • Feb 05
DELHIVERY: Autonomous Logistics And New Services Will Support Stronger Long Term Profitability
Analysts have kept Delhivery's fair value estimate steady at ₹600.00 per share, citing a mix of slightly different assumptions on discount rate, revenue growth, profit margin and future P/E that together leave their overall price target unchanged. What's in the News A board meeting is scheduled for January 31, 2026, to review and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).Analysis Article • Feb 03
Delhivery Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Shareholders of Delhivery Limited ( NSE:DELHIVERY ) will be pleased this week, given that the stock price is up 14% to...Analysis Article • Feb 02
If EPS Growth Is Important To You, Delhivery (NSE:DELHIVERY) Presents An Opportunity
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Narrative Update • Jan 21
DELHIVERY: Future Financial And Drone Initiatives Will Likely Support Fair Pricing
Analysts have nudged their fair value estimate for Delhivery slightly lower to ₹360.33 from ₹362.81, citing updated assumptions that combine a modestly higher discount rate with slightly stronger revenue growth, improved profit margin expectations, and a lower future P/E multiple. What's in the News The board approved and regulators cleared the incorporation of Delhivery Financial Services Private Limited as a wholly owned subsidiary in India, with an initial investment of up to ₹12,00,00,000 to offer payments, FASTag aggregation, fuel cards and insurance solutions to partners, fleet owners, riders and MSMEs (SEBI filing / Ministry of Corporate Affairs).Narrative Update • Jan 07
DELHIVERY: Future Drone And Financial Services Expansion Will Not Justify Current Price
Analysts have inched up their fair value estimate for Delhivery to ₹362.81 from ₹362.40, citing updated assumptions that include a slightly higher discount rate, a small tweak to revenue growth, an improved profit margin outlook and a lower future P/E multiple. What's in the News Delhivery launched Delhivery International, an Economy Air Parcel service aimed at making cross border exports more affordable and reliable for SMEs and enterprise customers in India, complementing its existing Express Air Parcel service (company announcement).Narrative Update • Dec 24
DELHIVERY: Expanding Cross Border Services Will Support Stronger Long Term Profitability
Analysts have modestly raised their fair value estimate for Delhivery to ₹600 from about ₹594, citing expectations of slightly improved long term profit margins despite a marginally higher discount rate and more conservative future valuation multiples. What's in the News Launched Delhivery International, a new Economy Air Parcel service aimed at making cross border exports more affordable and reliable for SMEs and large enterprises across India.Narrative Update • Dec 10
DELHIVERY: New Financial Services Arm Will Drive Future Logistics Expansion
Narrative Update on Delhivery Analysts have maintained their fair value estimate for Delhivery at ₹498.65 per share, citing only marginal tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions that are not material enough to alter the overall valuation outlook. What's in the News The board has approved the incorporation of Delhivery Financial Services Private Limited, a wholly owned subsidiary in India that will offer payments, FASTag aggregation, fuel cards and insurance solutions to logistics partners and MSMEs, backed by an initial investment of up to ₹12 crore (regulatory filing).Analysis Article • Dec 08
Investors Appear Satisfied With Delhivery Limited's (NSE:DELHIVERY) Prospects
When you see that almost half of the companies in the Logistics industry in India have price-to-sales ratios (or "P/S...Narrative Update • Nov 25
DELHIVERY: Financial Subsidiary Launch Will Support Expansion Into New International Markets
Analysts have raised their price target for Delhivery slightly, increasing it from ₹494.87 to ₹498.65. This change is based on updated forecasts that reflect minor adjustments in growth and profitability expectations.Analysis Article • Nov 12
Additional Considerations Required While Assessing Delhivery's (NSE:DELHIVERY) Strong Earnings
Despite announcing strong earnings, Delhivery Limited's ( NSE:DELHIVERY ) stock was sluggish. We think that the market...Analysis Article • Nov 08
Analysts Have Made A Financial Statement On Delhivery Limited's (NSE:DELHIVERY) Half-Year Report
Delhivery Limited ( NSE:DELHIVERY ) missed earnings with its latest half-yearly results, disappointing...Analysis Article • Nov 07
Is Delhivery (NSE:DELHIVERY) Weighed On By Its Debt Load?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Nov 06
DELHIVERY: Upcoming Board Meeting Will Drive Shares As Quarterly Results Unfold
Analysts have slightly increased their price target for Delhivery from ₹490.96 to ₹494.87, reflecting minor adjustments to growth forecasts and profitability assumptions. What's in the News Delhivery has scheduled a Board Meeting on November 5, 2025 at 13:45 IST to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2025 (Board Meeting).Narrative Update • Oct 23
Analysts Slightly Raise Delhivery Price Target Amid Improved Profit Margin Forecasts
Analysts have raised their price target for Delhivery slightly, from ₹488.75 to ₹490.96. This adjustment is based on subtle improvements in projected profit margin and discount rate assumptions.Narrative Update • Oct 09
Digital Adoption And Market Consolidation Will Reshape Indian Logistics
Analysts have raised their price target for Delhivery from ₹478.13 to ₹488.75. This change reflects modest improvements in the company's expected profit margins and valuation outlook.Analysis Article • Sep 24
Are Investors Undervaluing Delhivery Limited (NSE:DELHIVERY) By 21%?
Key Insights The projected fair value for Delhivery is ₹579 based on 2 Stage Free Cash Flow to Equity Delhivery is...Analysis Article • Aug 28
Shareholders Will Probably Hold Off On Increasing Delhivery Limited's (NSE:DELHIVERY) CEO Compensation For The Time Being
Key Insights Delhivery's Annual General Meeting to take place on 3rd of September Salary of ₹15.0m is part of CEO Sahil...Analysis Article • May 20
Delhivery Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
It's been a pretty great week for Delhivery Limited ( NSE:DELHIVERY ) shareholders, with its shares surging 13% to ₹351...Analysis Article • May 13
Investors Appear Satisfied With Delhivery Limited's (NSE:DELHIVERY) Prospects As Shares Rocket 26%
Delhivery Limited ( NSE:DELHIVERY ) shareholders would be excited to see that the share price has had a great month...Analysis Article • Apr 17
Calculating The Intrinsic Value Of Delhivery Limited (NSE:DELHIVERY)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Delhivery fair value estimate is ₹248 Current share price of...Analysis Article • Feb 11
Earnings Miss: Delhivery Limited Missed EPS By 59% And Analysts Are Revising Their Forecasts
Shareholders might have noticed that Delhivery Limited ( NSE:DELHIVERY ) filed its quarterly result this time last...Analysis Article • Feb 04
Is Delhivery (NSE:DELHIVERY) Weighed On By Its Debt Load?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Narrative • Dec 30
Expanding Delivery Capacities And Digital Innovations Will Propel Future Earnings Growth
Expanding delivery capacities and new service launches could significantly boost revenue and market share.Analysis Article • Dec 26
Delhivery Limited (NSE:DELHIVERY) Not Flying Under The Radar
When you see that almost half of the companies in the Logistics industry in India have price-to-sales ratios (or "P/S...Analysis Article • Nov 17
Delhivery Limited Just Missed Earnings - But Analysts Have Updated Their Models
Delhivery Limited ( NSE:DELHIVERY ) shareholders are probably feeling a little disappointed, since its shares fell 4.7...Analysis Article • Jun 12
Delhivery Limited (NSE:DELHIVERY) Shares Could Be 37% Below Their Intrinsic Value Estimate
Key Insights Delhivery's estimated fair value is ₹611 based on 2 Stage Free Cash Flow to Equity Delhivery's ₹386 share...Analysis Article • Apr 17
Investors Interested In Delhivery Limited's (NSE:DELHIVERY) Revenues
Delhivery Limited's ( NSE:DELHIVERY ) price-to-sales (or "P/S") ratio of 4.2x may look like a poor investment...Analysis Article • Feb 27
Estimating The Fair Value Of Delhivery Limited (NSE:DELHIVERY)
Key Insights Delhivery's estimated fair value is ₹484 based on 2 Stage Free Cash Flow to Equity With ₹459 share price...Analysis Article • Feb 06
Results: Delhivery Limited Confounded Analyst Expectations With A Surprise Profit
It's been a good week for Delhivery Limited ( NSE:DELHIVERY ) shareholders, because the company has just released its...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2029 | 170,645 | 11,539 | 12,207 | 18,510 | 12 |
| 3/31/2028 | 145,175 | 8,713 | 10,451 | 15,269 | 19 |
| 3/31/2027 | 123,775 | 5,718 | 6,899 | 10,890 | 21 |
| 3/31/2026 | 105,083 | 1,527 | 4,893 | 9,115 | N/A |
| 12/31/2025 | 98,499 | 1,528 | N/A | N/A | N/A |
| 9/30/2025 | 94,232 | 1,382 | 492 | 5,063 | N/A |
| 6/30/2025 | 90,536 | 1,988 | N/A | N/A | N/A |
| 3/31/2025 | 89,319 | 1,621 | 842 | 5,674 | N/A |
| 12/31/2024 | 88,159 | 211 | N/A | N/A | N/A |
| 9/30/2024 | 86,320 | 78 | -499 | 4,431 | N/A |
| 6/30/2024 | 83,841 | -1,053 | N/A | N/A | N/A |
| 3/31/2024 | 81,415 | -2,492 | -926 | 4,724 | N/A |
| 12/31/2023 | 79,256 | -3,394 | N/A | N/A | N/A |
| 9/30/2023 | 75,550 | -5,468 | -1,666 | 3,971 | N/A |
| 6/30/2023 | 74,093 | -6,979 | N/A | N/A | N/A |
| 3/31/2023 | 72,253 | -10,078 | -6,370 | -297 | N/A |
| 12/31/2022 | 74,374 | -9,690 | N/A | N/A | N/A |
| 9/30/2022 | 76,086 | -8,998 | -9,730 | -639 | N/A |
| 6/30/2022 | 73,103 | -12,808 | N/A | N/A | N/A |
| 3/31/2022 | 68,823 | -10,110 | -9,693 | -2,405 | N/A |
| 12/31/2021 | 58,132 | -10,094 | -9,449 | -3,124 | N/A |
| 3/31/2021 | 36,465 | -4,157 | -2,462 | 48 | N/A |
| 3/31/2020 | 27,806 | -2,689 | -8,475 | -6,339 | N/A |
| 3/31/2019 | 16,539 | -17,833 | N/A | -2,427 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DELHIVERY's forecast earnings growth (39.3% per year) is above the savings rate (6.9%).
Earnings vs Market: DELHIVERY's earnings (39.3% per year) are forecast to grow faster than the Indian market (16.1% per year).
High Growth Earnings: DELHIVERY's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DELHIVERY's revenue (14% per year) is forecast to grow faster than the Indian market (10.8% per year).
High Growth Revenue: DELHIVERY's revenue (14% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DELHIVERY's Return on Equity is forecast to be low in 3 years time (9.7%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/13 20:45 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Delhivery Limited is covered by 35 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ashwin Mehta | Ambit Capital |
| Nitin Bhasin | Ambit Capital |
| Dhruv Jain | Ambit Capital |