Are Investors Undervaluing Delhivery Limited (NSE:DELHIVERY) By 21%?
Sep 24
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Indian (NIFTY) Air Freight and Logistics Industry Analysis
UpdatedSep 30, 2025
DataAggregated Company Financials
Companies44
- 7D-4.0%
- 3M-0.2%
- 1Y-15.4%
- YTDn/a
Over the last 7 days, the Air Freight and Logistics industry has dropped 4.4%, driven by Delhivery declining 6.0%. However, the industry is down 15% over the past year. As for the next few years, earnings are expected to grow by 35% per annum.
Industry Valuation and Performance
Has the Indian Air Freight and Logistics Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 30 Sep 2025 | ₹870.5b | ₹688.9b | ₹16.3b | 26.4x | 53.5x | 1.3x |
| Thu, 28 Aug 2025 | ₹892.4b | ₹688.3b | ₹16.4b | 24.2x | 54.5x | 1.3x |
| Sat, 26 Jul 2025 | ₹893.2b | ₹685.6b | ₹16.5b | 22.4x | 54.2x | 1.3x |
| Mon, 23 Jun 2025 | ₹810.3b | ₹680.5b | ₹16.5b | 22.6x | 49.1x | 1.2x |
| Wed, 21 May 2025 | ₹805.6b | ₹675.5b | ₹19.5b | 22.5x | 41.3x | 1.2x |
| Fri, 18 Apr 2025 | ₹715.2b | ₹670.0b | ₹17.9b | 24.7x | 40x | 1.1x |
| Sun, 16 Mar 2025 | ₹646.1b | ₹669.7b | ₹17.9b | 25.3x | 36.2x | 1x |
| Tue, 11 Feb 2025 | ₹768.4b | ₹656.2b | ₹19.2b | 26.5x | 40.1x | 1.2x |
| Thu, 09 Jan 2025 | ₹853.6b | ₹646.7b | ₹15.1b | 30.2x | 56.4x | 1.3x |
| Sat, 07 Dec 2024 | ₹920.2b | ₹646.5b | ₹15.1b | 29.6x | 61.1x | 1.4x |
| Mon, 04 Nov 2024 | ₹931.3b | ₹630.8b | ₹12.8b | 24.6x | 72.8x | 1.5x |
| Wed, 02 Oct 2024 | ₹1.0t | ₹609.0b | ₹11.7b | 29.6x | 85.4x | 1.6x |
| Fri, 30 Aug 2024 | ₹984.4b | ₹609.7b | ₹11.7b | 31.7x | 84.4x | 1.6x |
| Sun, 28 Jul 2024 | ₹937.6b | ₹590.1b | ₹9.9b | 33.9x | 94.3x | 1.6x |
| Tue, 25 Jun 2024 | ₹906.5b | ₹587.6b | ₹10.0b | 32.4x | 90.5x | 1.5x |
| Thu, 23 May 2024 | ₹903.4b | ₹584.4b | ₹11.5b | 26x | 78.7x | 1.5x |
| Sat, 20 Apr 2024 | ₹906.3b | ₹571.4b | ₹10.3b | 25.4x | 88.2x | 1.6x |
| Mon, 18 Mar 2024 | ₹858.7b | ₹571.4b | ₹10.3b | 26.2x | 83.6x | 1.5x |
| Wed, 14 Feb 2024 | ₹936.9b | ₹579.5b | ₹11.0b | 27.2x | 84.8x | 1.6x |
| Fri, 12 Jan 2024 | ₹966.6b | ₹569.6b | ₹8.9b | 27.7x | 108.1x | 1.7x |
| Sun, 10 Dec 2023 | ₹909.1b | ₹568.0b | ₹8.9b | 25.8x | 102.7x | 1.6x |
| Tue, 07 Nov 2023 | ₹892.1b | ₹589.5b | ₹6.9b | 30x | 128.5x | 1.5x |
| Thu, 05 Oct 2023 | ₹904.1b | ₹587.5b | ₹5.9b | 22.4x | 152.5x | 1.5x |
| Sat, 02 Sep 2023 | ₹910.4b | ₹590.9b | ₹6.5b | 27.5x | 139.7x | 1.5x |
| Mon, 31 Jul 2023 | ₹801.0b | ₹508.1b | ₹5.7b | 19.1x | 141.7x | 1.6x |
| Wed, 28 Jun 2023 | ₹776.0b | ₹508.0b | ₹6.5b | 20.4x | 120.2x | 1.5x |
| Fri, 26 May 2023 | ₹725.0b | ₹540.2b | ₹15.7b | 24.7x | 46.1x | 1.3x |
| Sun, 23 Apr 2023 | ₹707.0b | ₹535.9b | ₹17.1b | 24.3x | 41.3x | 1.3x |
| Tue, 21 Mar 2023 | ₹700.4b | ₹535.7b | ₹17.5b | 25.7x | 40.1x | 1.3x |
| Thu, 16 Feb 2023 | ₹706.5b | ₹536.1b | ₹17.6b | 21.8x | 40.2x | 1.3x |
| Sat, 14 Jan 2023 | ₹767.3b | ₹549.6b | ₹20.3b | 23.7x | 37.8x | 1.4x |
| Mon, 12 Dec 2022 | ₹809.7b | ₹549.6b | ₹20.3b | 21x | 39.9x | 1.5x |
| Wed, 09 Nov 2022 | ₹836.9b | ₹540.0b | ₹16.7b | 19.3x | 50x | 1.5x |
| Fri, 07 Oct 2022 | ₹1.0t | ₹533.0b | ₹17.1b | 21.1x | 60.8x | 2x |
Price to Earnings Ratio
60.8x
Current Industry PE
- Investors are pessimistic on the Indian Air Freight and Logistics industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 53.8x which is lower than its 3-year average PE of 74.2x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Air Freight and Logistics industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 8.9% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Indian Air Freight and Logistics compare with similar industries?
| IN Market | -2.93% | |
| Industrials | -3.18% | |
| Logistics | -3.95% | |
| Air Freight and Logistics | -3.95% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TCI Transport Corporation of India | ₹1.20k | 2.7% +₹2.4b | 11.8% | PE21.5x | |
| TCIEXP TCI Express | ₹728.15 | 1.2% +₹332.3m | -33.5% | PE33.7x | |
| 544224 Afcom Holdings | ₹876.85 | 1.3% +₹282.1m | 76.4% | PE29.1x | |
| DESTINY Destiny Logistics & Infra | ₹120.55 | 14.8% +₹239.3m | -8.3% | PE71.7x | |
| 536264 Tiger Logistics (India) | ₹47.94 | 3.5% +₹172.3m | -24.0% | PE18.7x |
