| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 2,931 | 2,294 | +27.8% |
| EBITDA | 142 | 149 | −4.5% |
| EBITDA margin | 4.9% | 6.5% | −1.6 pts |
| Profit before tax | 33.2 | 97.2 | −65.8% |
| Net profit | 31.9 | 91.0 | −65.0% |
| EPS | ₹0.43 | ₹1.22 | −64.8% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 28,821 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 1,980 | 1,980 | 2,892 | 2,081 | 1,777 | ||
| 2.5 | 2.5 | 39.7 | 126 | 199 | ||
| 26,844 | — | — | — | — | ||
| 11,145 | 10,508 | 8,932 | 8,142 | 7,225 | ||
| — | +17.6% | +9.7% | +12.7% | — | ||
| 633 | 640 | 376 | 127 | −452 | ||
| 5.7% | 6.1% | 4.2% | 1.6% | −6.3% | ||
| −104 | −55.4 | −159 | −595 | −1,283 | ||
| 93.4 | 153 | 162 | −249 | −1,008 | ||
| 0.8% | 1.5% | 1.8% | −3.1% | −14.0% | ||
| ₹1.25 | ₹2.04 | ₹2.17 | −₹3.33 | −₹13.46 | ||
| — | −5.8% | +165.1% | +75.3% | — | ||
| — | 911 | 567 | 472 | −27.3 | ||
| — | −422 | −483 | −565 | −601 | ||
| 489 | 489 | 84.2 | −92.6 | −628 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 28,821.5 | |
| - Cash, Equiv & ST Investments | 1,777.2 | 2,081.4 | 2,892.1 | 1,980.1 | 1,980.1 | |
| + Total Debt | 198.9 | 125.6 | 39.7 | 2.5 | 2.5 | |
| Enterprise Value | — | — | — | — | 26,843.9 | |
| Revenue | 7,225.3 | 8,141.5 | 8,931.9 | 10,508.3 | 11,145.0 | |
| Growth %, YoY | — | +12.7 | +9.7 | +17.6 | — | |
| EBITDA | -451.6 | 126.6 | 375.8 | 640.0 | 633.3 | |
| Margin % | -6.25 | 1.56 | 4.21 | 6.09 | 5.68 | |
| EBIT | -1,282.8 | -594.9 | -159.1 | -55.4 | -103.9 | |
| Net Income | -1,007.8 | -249.2 | 162.1 | 152.5 | 93.4 | |
| Margin % | -13.95 | -3.06 | 1.81 | 1.45 | 0.84 | |
| EPS, Adj (current shares) | -13.46 | -3.33 | 2.17 | 2.04 | 1.25 | |
| Growth %, YoY | — | +75.3 | +165.1 | -5.8 | — | |
| Cash from Operations | -27.3 | 472.4 | 567.4 | 911.5 | — | |
| Capital Expenditures | -600.5 | -565.0 | -483.2 | -422.1 | — | |
| Free Cash Flow | -627.8 | -92.6 | 84.2 | 489.3 | 489.3 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Delhivery (NSE: DELHIVERY) had a market capitalisation of ₹29,752 crore at the 29 October 2026 close (₹397.30 a share), a PE ratio of 318.1 on the last four quarters' profit and a price-to-book ratio of 3.07. In FY26 its consolidated net profit was ₹153 crore on revenue of ₹10,508 crore; in Q1 FY27 (April–June 2026) it was ₹31.9 crore, down 65.0% year on year. Its debt-to-equity ratio was 0.00 on 31 March 2026.
Delhivery's PE ratio is 318.1 at the 29 October 2026 close (₹397.30 a share): a market capitalisation of ₹29,752 crore divided by consolidated net profit of ₹93.5 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹153 crore) it is 194.9. These four quarters include net exceptional items of −₹25.9 crore (one-off charges reported separately), so the ratio on recurring profit would differ.
Delhivery's price-to-book (PB) ratio is 3.07 at the 29 October 2026 close: a market capitalisation of ₹29,752 crore divided by shareholders' equity (book value) of ₹9,687 crore on 31 March 2026. That is a book value of ₹129.36 per share against a share price of ₹397.30.
In FY26, Delhivery's return on equity (ROE) was 1.6% and its return on capital employed (ROCE) was −0.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 1.8% and ROCE −1.5%.
Delhivery's market capitalisation was ₹29,752 crore at the 29 October 2026 close: 74.89 crore shares at ₹397.30 each.
No. Delhivery had borrowings of ₹2.5 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.00. Its cash and current investments were ₹1,982 crore, so it held net cash of ₹1,980 crore.
Delhivery's basic earnings per share (EPS) were ₹2.04 in FY26, against ₹2.19 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹1.25.
Delhivery's debt-to-equity ratio was 0.00 on 31 March 2026: borrowings of ₹2.5 crore against total equity of ₹9,687 crore. A year earlier, on 31 March 2025, it was 0.00.
Delhivery has no promoter group: on 30 September 2026 promoters held 0% of its shares, according to the shareholding pattern filed with NSE. Foreign portfolio investors held 39.53% and domestic institutions 45.95%.
In FY26, Delhivery generated ₹911 crore of cash from operations and spent ₹422 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹489 crore. In FY25 it was ₹84.2 crore.
Delhivery's net worth — shareholders' equity in its consolidated balance sheet — was ₹9,687 crore on 31 March 2026, up 2.7% from ₹9,432 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹29,752 crore at the 29 October 2026 close.
Delhivery's book value per share was ₹129.36 on 31 March 2026: shareholders' equity of ₹9,687 crore divided by the 74.89 crore shares in issue, up 2.3% from ₹126.51 a year earlier. The share price at the 29 October 2026 close was ₹397.30.
In FY26 (April 2025–March 2026), Delhivery's consolidated net profit was ₹153 crore, down 5.8% from ₹162 crore in FY25, on revenue from operations of ₹10,508 crore (up 17.6%).
On 30 September 2026, Delhivery's shares were held by foreign portfolio investors (FII/FPI) 39.53%, domestic institutions (DII) 45.95% (including mutual funds at 41.55%) and retail and other non-institutional investors 14.51%. Over the year, FII holding was down 12.11 percentage points from 51.64% and DII holding was up 13.90 percentage points from 32.05%.
Delhivery's latest results are for Q1 FY27 (April–June 2026), filed on 8 August 2026: consolidated net profit ₹31.9 crore, down 65.0% from ₹91 crore in Q1 FY26; revenue from operations ₹2,931 crore, up 27.8% year on year.
At the 29 October 2026 closing prices, on FY26 net profit, Delhivery's PE ratio is 194.9, the highest of the four: Blue Dart Express 40.7, Redington 18.7 and BLS International Services 13.2, a peer average of 24.2. Each is the company's market capitalisation at that price divided by its FY26 net profit.
Delhivery will announce its Q2 FY27 results (July–September 2026) on Friday, 30 October 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against Blue Dart Express, Redington and BLS International Services: Delhivery's operating margin of −0.5% is the lowest of the four (Blue Dart Express 6.8%, Redington 1.7%, BLS International Services 24.2%; peer average 10.9%); its return on equity of 1.6% is the lowest of the four (Blue Dart Express 14.8%, Redington 15.8%, BLS International Services 32.7%; peer average 21.1%); its revenue growth over three years of 13.3% a year is the third highest of the four (Blue Dart Express 5.9% a year, Redington 14.5% a year, BLS International Services 25.5% a year; peer average 15.3% a year).
In FY26, Delhivery earned net profit of ₹153 crore on revenue of ₹10,508 crore, against ₹247 crore on ₹6,141 crore for Blue Dart Express. Delhivery's operating margin was −0.5% (Blue Dart Express 6.8%) and its return on equity 1.6% (Blue Dart Express 14.8%). At the 29 October 2026 close, Delhivery's market capitalisation was ₹29,752 crore against ₹10,064 crore for Blue Dart Express, and its PE ratio on FY26 profit 194.9 against 40.7.
From Delhivery's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.