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 overly-optimistic forecasters. Delhivery missed analyst estimates, with revenues of ₹49b and a statutory loss per share (eps) of ₹0.68 falling 3.5% and 8.0% below expectations, respectively. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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Taking into account the latest results, the current consensus from Delhivery's 20 analysts is for revenues of ₹103.5b in 2026. This would reflect a decent 9.8% increase on its revenue over the past 12 months. Per-share earnings are expected to bounce 127% to ₹4.20. In the lead-up to this report, the analysts had been modelling revenues of ₹103.9b and earnings per share (EPS) of ₹4.52 in 2026. The analysts seem to have become a little more negative on the business after the latest results, given the small dip in their earnings per share numbers for next year.

See our latest analysis for Delhivery

It might be a surprise to learn that the consensus price target was broadly unchanged at ₹501, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Delhivery at ₹600 per share, while the most bearish prices it at ₹380. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Delhivery's growth to accelerate, with the forecast 21% annualised growth to the end of 2026 ranking favourably alongside historical growth of 8.7% per annum over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 11% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Delhivery is expected to grow much faster than its industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Delhivery. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Delhivery analysts - going out to 2028, and you can see them free on our platform here.

We don't want to rain on the parade too much, but we did also find 1 warning sign for Delhivery that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.