Delhivery Limited

NSEI:DELHIVERY Stock Report

Market Cap: ₹259.4b

Delhivery Valuation

Is DELHIVERY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DELHIVERY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DELHIVERY (₹349.6) is trading above our estimate of fair value (₹223.87)

Significantly Below Fair Value: DELHIVERY is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DELHIVERY?

Key metric: As DELHIVERY is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DELHIVERY. This is calculated by dividing DELHIVERY's market cap by their current revenue.
What is DELHIVERY's PS Ratio?
PS Ratio3x
Sales₹86.32b
Market Cap₹259.41b

Price to Sales Ratio vs Peers

How does DELHIVERY's PS Ratio compare to its peers?

The above table shows the PS ratio for DELHIVERY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
526612 Blue Dart Express
3.1x9.6%₹170.1b
TCI Transport Corporation of India
2x12.5%₹83.1b
TVSSCS TVS Supply Chain Solutions
0.8x13.7%₹76.4b
GATEWAY Gateway Distriparks
2.7x9.7%₹40.3b
DELHIVERY Delhivery
3x13.7%₹259.4b

Price-To-Sales vs Peers: DELHIVERY is expensive based on its Price-To-Sales Ratio (3x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does DELHIVERY's PS Ratio compare vs other companies in the IN Logistics Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
KLL Kaushalya Logistics
0.2xn/aUS$23.99m
MAHESHWARI Maheshwari Logistics
0.2xn/aUS$21.16m
ACCURACY Accuracy Shipping
0.2xn/aUS$19.05m
TOTAL Total Transport Systems
0.2xn/aUS$14.67m
DELHIVERY 3.0xIndustry Avg. 0.9xNo. of Companies8PS012345+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DELHIVERY is expensive based on its Price-To-Sales Ratio (3x) compared to the Indian Logistics industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is DELHIVERY's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DELHIVERY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3x
Fair PS Ratio12.9x

Price-To-Sales vs Fair Ratio: DELHIVERY is good value based on its Price-To-Sales Ratio (3x) compared to the estimated Fair Price-To-Sales Ratio (12.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DELHIVERY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹349.60
₹447.38
+28.0%
10.6%₹525.00₹361.00n/a21
Dec ’25₹335.95
₹451.32
+34.3%
10.1%₹525.00₹372.00n/a19
Nov ’25₹364.65
₹500.19
+37.2%
13.6%₹680.00₹393.00n/a21
Oct ’25₹419.35
₹500.64
+19.4%
13.6%₹680.00₹393.00n/a22
Sep ’25₹419.30
₹502.91
+19.9%
13.5%₹680.00₹393.00n/a22
Aug ’25₹407.05
₹502.05
+23.3%
14.0%₹680.00₹370.00n/a22
Jul ’25₹399.85
₹501.61
+25.4%
13.6%₹680.00₹370.00n/a23
Jun ’25₹385.10
₹505.96
+31.4%
13.5%₹680.00₹370.00n/a23
May ’25₹449.00
₹522.77
+16.4%
15.3%₹665.00₹325.00n/a22
Apr ’25₹449.65
₹521.36
+15.9%
15.4%₹665.00₹325.00n/a22
Mar ’25₹465.30
₹517.95
+11.3%
15.4%₹665.00₹325.00n/a22
Feb ’25₹468.85
₹456.57
-2.6%
13.9%₹630.00₹325.00n/a23
Jan ’25₹384.35
₹452.17
+17.6%
13.5%₹605.00₹325.00n/a23
Dec ’24₹397.45
₹455.30
+14.6%
13.0%₹605.00₹325.00₹335.9520
Nov ’24₹402.60
₹461.00
+14.5%
13.7%₹605.00₹300.00₹364.6520
Oct ’24₹412.70
₹461.00
+11.7%
13.7%₹605.00₹300.00₹419.3520
Sep ’24₹438.15
₹462.62
+5.6%
13.5%₹605.00₹300.00₹419.3021
Aug ’24₹401.90
₹435.36
+8.3%
13.9%₹570.00₹275.00₹407.0522
Jul ’24₹381.05
₹428.10
+12.3%
14.3%₹570.00₹275.00₹399.8520
Jun ’24₹355.40
₹422.47
+18.9%
15.3%₹570.00₹275.00₹385.1019
May ’24₹374.40
₹410.05
+9.5%
16.0%₹570.00₹275.00₹449.0019
Apr ’24₹331.65
₹410.18
+23.7%
16.6%₹570.00₹275.00₹449.6517
Mar ’24₹348.15
₹416.06
+19.5%
17.6%₹570.00₹275.00₹465.3017
Feb ’24₹305.00
₹441.75
+44.8%
14.4%₹570.00₹330.00₹468.8516
Jan ’24₹331.45
₹469.77
+41.7%
18.7%₹700.00₹330.00₹384.3513
Dec ’23₹339.40
₹469.77
+38.4%
18.7%₹700.00₹330.00₹397.4513

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 20:36
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 .

Analyst Sources

Delhivery Limited is covered by 35 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dhruv JainAmbit Capital
Nitin BhasinAmbit Capital
Vijayaraghavan SwaminathanAvendus Spark