# Delhivery (DELHIVERY) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/delhivery

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹428
- Change: -0.48%
- As of: 2026-11-06
- 1D return: -0.48%
- 5D return: +10.88%
- 1M return: +7.81%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

DELHIVERY (₹428.00) exhibits a mixed technical structure as of November 6, 2026. On the daily horizon, the stock is in an established bullish trend, trading above its 20-day and 50-day moving averages and Supertrend, with an ADX of 27.16 indicating strong directional conviction. This aligns with the monthly timeframe, where price remains above all key indicators and the Supertrend. However, the weekly chart presents a conflicting bearish signal, with price below all major moving averages and a bearish Supertrend, suggesting the recent daily strength may be a counter-trend rally within a broader medium-term downtrend.

Participation was notable on November 2, when an extreme volume spike (8.36x ratio) accompanied a 5.9% gain, though a moderate anomaly followed on November 6. The stock is positioned near the upper end of its 20-day range (+89.5%) but in the lower-middle of its 252-day range (+39.8%). Immediate resistance lies at ₹430.15 (pivot), while support is found at ₹424.90. With annualized volatility at 33.1% and a current drawdown of -17.7%, risk remains elevated. A sustained break above ₹430.15 could confirm further upside, while a failure to hold above the 20-day EMA would invalidate the daily bullish bias.

- Trend Divergence: Daily and monthly trends are bullish (price above EMAs/Supertrend), but the weekly trend remains bearish (price below all MAs/Supertrend).
- Key Levels: Immediate resistance at ₹430.15; first support at ₹424.90. Price is +89.5% into its 20-day range.
- Momentum & Volume: Strong daily participation observed on Nov 2 (+5.9%, 8.36x volume); ADX(14) at 27.16 confirms established daily trend strength.
- Risk Profile: High volatility (33.1% annualized) and significant historical drawdown (-31.3% max); current position is -17.7% from available highs.

- Inside Bar
- Harami

### News Context

Delhivery’s shares were cited as a contributor to the broader market rally on November 2, 2026, following the company's positive quarterly performance. This corporate momentum coincided with strong gains in benchmark indices, supported by easing crude oil prices and robust domestic consumption data.

On November 3, 2026, brokerages issued rating updates for Delhivery following its September quarter results. Analysts upgraded the stock to 'Buy' with a target price of ₹490. These developments reflect improving sentiment around the logistics provider's earnings trajectory within a recovering equity market.

- {'date': '2026-11-02', 'point': 'Delhivery reported positive quarterly performance, contributing to a Sensex surge of 1,233 points and Nifty reclaiming 23,400.'}
- {'date': '2026-11-03', 'point': "Brokerages upgraded Delhivery to 'Buy' with a target price of ₹490 following September quarter results."}

- [Engineers India, GAIL, Zensar, Motherson Sumi Wiring, Delhivery shares: Target prices](https://www.businesstoday.in/markets/stocks/story/engineers-india-gail-zensar-motherson-sumi-wiring-delhivery-shares-target-prices-565274-2026-11-03)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- [Reliance fuels Nifty’s best single-day jump in months; Sensex reclaims 75,600](https://www.thehindubusinessline.com/markets/reliance-fuels-niftys-best-single-day-jump-in-months-sensex-reclaims-75600/article71656555.ece)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)

### What Changed

Delhivery Limited has updated its public disclosure record with the release of transcripts from its investor meet held on October 30, 2026. The company formally informed the National Stock Exchange (NSE) of this update on November 5, 2026, uploading the relevant XBRL documentation to its website at 14:00 IST that same day. This filing serves as a procedural confirmation of the event, which was previously intimated to the exchange on October 23, 2026. No other corporate filings, news developments, or technical changes have been recorded in the current reporting window.

- Transcript Release: Delhivery uploaded earnings call transcripts for the investor meet conducted on October 30, 2026, to its website on November 5, 2026.
- Exchange Compliance: The company filed an announcement with the NSE on November 5, 2026, confirming the availability of these transcripts.
- Prior Intimation: The initial notification regarding the investor meet was submitted to the exchange on October 23, 2026.
- Event Details: The investor meet concluded at 19:17 IST on October 30, 2026.

- [Delhivery Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20163_WebXMLFile_20261105_180540750.xml)

### Official Filings

Delhivery Limited reported unaudited financial results for the quarter and half year ended September 30, 2026 (Q2FY27), approved by its Board on October 30, 2026. The company achieved record quarterly revenue from services of ₹3,066 Cr, up 19.8%–20% year-over-year, crossing the ₹3,000 Cr threshold for the first time. Adjusted EBITDA stood at ₹123 Cr with a 4.0% margin, while reported EBITDA was ₹205 Cr (6.7% margin). Consolidated Profit After Tax (PAT) was ₹41 Cr (1.3% margin). Express parcel volumes grew 32.1% YoY to 325 million shipments, and Part Truck Load (PTL) freight increased 14.2% YoY to 545K metric tonnes. Management noted that volume growth is exceeding FY27 guidance of 20-30%. Additionally, the Board approved an investment of up to ₹36 crore in its wholly owned subsidiary, Delhivery Fintech Distribution Private Limited (DFDPL), to fund operational requirements.

- Revenue reached a record ₹3,066 Cr (+19.8% YoY) with adjusted EBITDA of ₹123 Cr (4.0% margin) and consolidated PAT of ₹41 Cr.
- Express shipment volumes surged 32.1% YoY to 325 million, outpacing the FY27 guidance range of 20-30%.
- Board approved up to ₹36 crore equity infusion into wholly owned subsidiary DFDPL for business expansion.
- Cash and cash equivalents reported at ₹4,676 Cr as of the reporting period.

- [Delhivery Limited has informed the exchange about Transcript of Earnings Conference Call pertaining to the Unaudited Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_05112026130350_TranscriptofEarningsCall.pdf)
- [Delhivery Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20163_WebXMLFile_20261105_180540750.xml)
- [Delhivery Limited has informed the Exchange about grant of 64,400 stock options under Delhivery Employees Stock Option Plan IV, 2021 |SUBJECT: Options to purchase securities](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_03112026143835_GrantofStockOptions.pdf)
- [Delhivery Limited has informed the Exchange about Options to purchase securities ESOPS (Sub-para 10-Para B) |SUBJECT: Options to purchase securities ESOPS (Sub-para 10-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_20163_WebXMLFile_20261103_144521236.xml)
- [Newspaper Publication of Unaudited Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_31102026152908_Final_Initmation_Newspaper_sd.pdf)
- [Delhivery Limited has submitted to the Exchange, the Unaudited Standalone and Consolidated financial results for the quarter and half year ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_30102026163206_OutcomeOfBM.pdf)
- [Delhivery Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_30102026164346_Presentation_of_Earning_Confrence_Call_F_Sd.pdf)
- [Delhivery Limited has informed the Exchange regarding a press release dated October 30, 2026, titled "Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_30102026164117_Press_Release_F_Sd.pdf)
- [Investment in Wholly Owned Subsidiary |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_30102026165135_OutcomeOfBM.pdf)
- [Delhivery Limited has informed the Exchange about Letter to Shareholders on financial results for the quarter and half year ended September 30, 2026 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_30102026164803_Shareholders_Letter_F_Sd.pdf)

### Fundamentals

Delhivery’s operating trajectory has shifted decisively toward profitability and cash generation. In Q2 FY2026-27 (Sep 2026), revenue rose 20% year-on-year to ₹3,066 crore, while operating profit surged to ₹204 crore from ₹68 crore a year earlier. This operational leverage translated into a net profit of ₹40.6 crore and an EPS of ₹0.54, reversing the ₹50 crore loss recorded in Sep 2025. Cash flow from operations strengthened significantly to ₹911 crore for FY2026, up from ₹567 crore in FY2025, supported by a shrinking cash conversion cycle that fell to 48 days by Mar 2026.

Financial health remains robust with borrowings stable at ₹1,465 crore as of Sep 2026 against equity of ₹9,816 crore. However, cash reserves decreased to ₹308 crore from ₹355 crore, likely reflecting higher capital expenditures evidenced by Fixed Assets rising to ₹5,498 crore. Institutional dynamics are shifting, with DIIs increasing their stake to 45.95% while FIIs reduced theirs to 39.54%. The primary checkpoint is whether this margin expansion sustains as finance costs remain sticky around ₹34 crore per quarter and depreciation rises to ₹197 crore.

- Q2 FY2026-27 revenue grew 20% YoY to ₹3,066 crore, with operating profit tripling to ₹204 crore.
- Cash from operations reached ₹911 crore in FY2026, while the cash conversion cycle improved to 48 days.
- DIIs increased holdings to 45.95%, offsetting FII reduction to 39.54%; FIIs were at 55.02% in Sep 2024.
- Net cash decreased to ₹308 crore as fixed assets expanded to ₹5,498 crore, signaling continued capex intensity.

### Bull Case

Delhivery presents a conditional upside case anchored by strong institutional validation and improving technical momentum, despite recent price volatility. Brokerages have upgraded the stock to 'Buy' with a target price of ₹490 following September quarter results, signaling confidence in underlying operational performance. This fundamental support is reflected in positive market sentiment, where Delhivery’s quarterly results contributed to broader index gains alongside peers like Dixon Technologies and Muthoot Finance. Technically, the daily trend has shifted bullish as of November 6, 2026, with the Supertrend indicating upward pressure and the Plus DI (27.85) significantly exceeding the Minus DI (18.81). The stock closed at ₹428.00, trading within a tight range near immediate resistance at ₹430.15. While the weekly trend remains bearish and the stock is down 3.3% over the past year, the 10-day return of +15.7% suggests short-term momentum is building. The constructive case holds if the stock can sustainably break above the ₹430 pivot level, validating the daily bullish signal against the longer-term weekly downtrend.

- Brokerage Upgrade: Analysts upgraded Delhivery to 'Buy' with a ₹490 target price following September quarter results, providing fundamental validation.
- Daily Technical Shift: As of November 6, 2026, the daily Supertrend is bullish with Plus DI (27.85) leading Minus DI (18.81), contrasting with the weekly bearish trend.
- Short-Term Momentum: The stock gained +15.7% over the last 10 days and +6.8% YTD, closing at ₹428.00, indicating recent buying interest.
- Key Resistance Level: Immediate upside depends on sustaining price action above the ₹430.15 pivot resistance; failure to hold may re-expose the stock to weekly bearish pressures.

- [Engineers India, GAIL, Zensar, Motherson Sumi Wiring, Delhivery shares: Target prices](https://www.businesstoday.in/markets/stocks/story/engineers-india-gail-zensar-motherson-sumi-wiring-delhivery-shares-target-prices-565274-2026-11-03)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- [Reliance fuels Nifty’s best single-day jump in months; Sensex reclaims 75,600](https://www.thehindubusinessline.com/markets/reliance-fuels-niftys-best-single-day-jump-in-months-sensex-reclaims-75600/article71656555.ece)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- [Delhivery Limited has informed the exchange about Transcript of Earnings Conference Call pertaining to the Unaudited Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_05112026130350_TranscriptofEarningsCall.pdf)
- [Delhivery Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20163_WebXMLFile_20261105_180540750.xml)
- [Delhivery Limited has informed the Exchange about grant of 64,400 stock options under Delhivery Employees Stock Option Plan IV, 2021 |SUBJECT: Options to purchase securities](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_03112026143835_GrantofStockOptions.pdf)
- [Delhivery Limited has informed the Exchange about Options to purchase securities ESOPS (Sub-para 10-Para B) |SUBJECT: Options to purchase securities ESOPS (Sub-para 10-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_20163_WebXMLFile_20261103_144521236.xml)
- [Newspaper Publication of Unaudited Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_31102026152908_Final_Initmation_Newspaper_sd.pdf)

### Bear Case

Delhivery faces significant near-term technical headwinds despite recent positive quarterly results. The weekly trend is bearish, with the Supertrend indicating downward pressure and both the 20-day and 50-day moving averages sloping negatively (-12.74 and -4.5 respectively). This contrasts with the daily bullish signal, suggesting a potential reversal or consolidation phase. Price action shows the stock trading at ₹428.0, below its previous close of ₹430.05, and facing immediate resistance at the pivot level of ₹430.15 (0.5% above current price). Over the longer term, the stock has underperformed, recording a -9.1% return over six months and a -3.3% return over one year. Volatility remains elevated, with annualized volatility at +33.1% and a current drawdown of -17.7%, highlighting the risk of further downside if support levels at ₹424.9 and ₹419.75 fail to hold.

- Weekly trend is bearish: Supertrend direction is down, with negative slopes on the 20-day (-12.74) and 50-day (-4.5) EMAs, signaling medium-term weakness.
- Price faces immediate resistance at ₹430.15 (pivot), just 0.5% above the current close of ₹428.0, limiting upside momentum.
- Longer-term returns are negative: -9.1% over six months and -3.3% over one year, contrasting with the YTD gain of +6.8%.
- High volatility persists with annualized volatility at +33.1% and a current drawdown of -17.7%, increasing downside risk.

- [Engineers India, GAIL, Zensar, Motherson Sumi Wiring, Delhivery shares: Target prices](https://www.businesstoday.in/markets/stocks/story/engineers-india-gail-zensar-motherson-sumi-wiring-delhivery-shares-target-prices-565274-2026-11-03)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- [Reliance fuels Nifty’s best single-day jump in months; Sensex reclaims 75,600](https://www.thehindubusinessline.com/markets/reliance-fuels-niftys-best-single-day-jump-in-months-sensex-reclaims-75600/article71656555.ece)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- [Delhivery Limited has informed the exchange about Transcript of Earnings Conference Call pertaining to the Unaudited Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_05112026130350_TranscriptofEarningsCall.pdf)
- [Delhivery Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20163_WebXMLFile_20261105_180540750.xml)
- [Delhivery Limited has informed the Exchange about grant of 64,400 stock options under Delhivery Employees Stock Option Plan IV, 2021 |SUBJECT: Options to purchase securities](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_03112026143835_GrantofStockOptions.pdf)
- [Delhivery Limited has informed the Exchange about Options to purchase securities ESOPS (Sub-para 10-Para B) |SUBJECT: Options to purchase securities ESOPS (Sub-para 10-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_20163_WebXMLFile_20261103_144521236.xml)
- [Newspaper Publication of Unaudited Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_31102026152908_Final_Initmation_Newspaper_sd.pdf)

### FAQs

**What were Delhivery's key financial results for the quarter ended September 30, 2026?**

Delhivery reported record quarterly performance with revenue from services reaching ₹3,066 Cr (up 20% YoY), adjusted EBITDA of ₹123 Cr (4% margin), and PAT of ₹41 Cr. Express volumes grew 32% YoY to 325 million shipments, while PTL freight increased 14.2% YoY to 545K metric tonnes.

**How does Delhivery's current volume growth compare to its guidance?**

Management confirmed that volume growth is exceeding the FY27 guidance range of 20-30%. This strong demand persisted despite macro volatility, supported by strategic expansions such as Delhivery Local crossing ₹200 Cr ARR and international Saver business hitting ₹140 Cr ARR.

**What recent analyst actions have been taken regarding Delhivery shares?**

Following the September quarter results, brokerages upgraded Delhivery to 'Buy' with a target price of ₹490. This rating update coincided with positive market sentiment driven by the company's strong Q2 performance and broader index gains.

**What are the current technical support and resistance levels for Delhivery?**

As of November 6, 2026, the stock closed at ₹428.00. Immediate resistance lies at ₹430.15 (0.50% above) and ₹435.30 (1.71% above). Key support levels are observed at ₹424.90 (0.72% below) and ₹419.75 (1.93% below).

- [Engineers India, GAIL, Zensar, Motherson Sumi Wiring, Delhivery shares: Target prices](https://www.businesstoday.in/markets/stocks/story/engineers-india-gail-zensar-motherson-sumi-wiring-delhivery-shares-target-prices-565274-2026-11-03)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- [Reliance fuels Nifty’s best single-day jump in months; Sensex reclaims 75,600](https://www.thehindubusinessline.com/markets/reliance-fuels-niftys-best-single-day-jump-in-months-sensex-reclaims-75600/article71656555.ece)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- [Delhivery Limited has informed the exchange about Transcript of Earnings Conference Call pertaining to the Unaudited Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_05112026130350_TranscriptofEarningsCall.pdf)
- [Delhivery Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20163_WebXMLFile_20261105_180540750.xml)
- [Delhivery Limited has informed the Exchange about grant of 64,400 stock options under Delhivery Employees Stock Option Plan IV, 2021 |SUBJECT: Options to purchase securities](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_03112026143835_GrantofStockOptions.pdf)
- [Delhivery Limited has informed the Exchange about Options to purchase securities ESOPS (Sub-para 10-Para B) |SUBJECT: Options to purchase securities ESOPS (Sub-para 10-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_20163_WebXMLFile_20261103_144521236.xml)
- [Newspaper Publication of Unaudited Financial Results for the quarter and half year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_31102026152908_Final_Initmation_Newspaper_sd.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹430.15
- Risk regime: Price Risk Requires Attention

### Support levels
- 408.18437500000005
- 392.45
- 374.45

### Resistance levels
- 437.6125
- 449.69755859375
- 467.65

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.48% |
| return_10 | +15.68% |
| return_1m | +5.03% |
| return_1y | -3.30% |
| return_20 | +7.81% |
| return_3m | -7.68% |
| return_5 | +10.88% |
| return_6m | -9.13% |
| return_since_start | +22.85% |
| return_ytd | +6.84% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -31.32% |
| annualized_volatility | +33.15% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Delhivery Limited FY2026-27 Q2: Revenue up 19.8% year on year

Revenue from operations rose 19.8% year on year and 4.6% sequentially to ₹3,066 crore in Q2 FY2026-27. Profit before tax increased 20.3% quarter on quarter to ₹40 crore, while profit for the period rose 27.4% to ₹40.6 crore; the quarter included a tax benefit of ₹1.65 crore.

## Revenue and expenses

Revenue from operations increased from ₹2,931 crore in Q1 FY2026-27 to ₹3,066 crore in Q2. It has risen in each of the past three quarters, from ₹2,805 crore in Q3 FY2025-26 to ₹2,850 crore in Q4 FY2025-26 and ₹2,931 crore in Q1 FY2026-27. Compared with ₹2,559 crore in Q2 FY2025-26, revenue was up 19.8%.

Income increased 2.9% sequentially to ₹3,133 crore, while expenses rose 2.7% to ₹3,093 crore. Finance costs were broadly stable at ₹34.0 crore, versus ₹33.8 crore in Q1 FY2026-27.

## Profitability

Profit before tax rose to ₹40 crore in Q2 from ₹33.2 crore in Q1 FY2026-27. Profit for the period increased to ₹40.6 crore from ₹31.9 crore, while profit from continuing operations reached ₹41.6 crore, up from ₹34.9 crore. Basic earnings per share was ₹0.54, compared with ₹0.43 in Q1.

The quarter included a tax benefit of ₹1.65 crore, compared with a tax benefit of ₹1.66 crore in Q1 FY2026-27.

## Operating update

Management said revenue from services of ₹3,066 crore was up 20% year on year. Express parcel volume reached 325 million shipments, up 32%, while Part Truck Load volume was 545,000 MT, up 14%.

Management said network service levels heading into the festive season were the best it had recorded, despite rising fuel prices, labour availability issues and multiple statutory changes. It also said early AI investments were beginning to improve sales productivity, claims resolution and fraud detection.

## Balance sheet

At 30 September 2026, total assets were ₹12,970 crore, compared with ₹12,699 crore at 30 September 2025. Equity increased to ₹9,816 crore from ₹9,529 crore over the same period, while liabilities edged down to ₹3,154 crore from ₹3,170 crore.

Trade receivables were ₹1,410 crore at 30 September 2026, below ₹1,496 crore a year earlier but above ₹1,371 crore at 31 March 2026. Trade payables stood at ₹1,271 crore, up from ₹1,113 crore a year earlier. Inventories increased to ₹54.4 crore from ₹30.4 crore at 30 September 2025 and ₹23.6 crore at 31 March 2026.

Cash and cash equivalents were ₹308 crore at 30 September 2026, compared with ₹242 crore at 31 March 2026.

## Key Takeaway

Delhivery sustained sequential revenue growth, with Q2 revenue also 19.8% higher year on year. Quarterly profits increased from Q1, alongside a tax benefit, while the September balance sheet showed higher assets and equity than a year earlier and more cash than at the March year-end.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +0.00%
- FII holding: +28.74%
- DII holding: +45.95%
- Mutual fund holding: +41.55%
- Retail holding: +4.13%
- Promoter pledged: +0.00%

### Major reported shareholders

- MIRAE ASSET ELSS TAX SAVER FUND — +7.63%
- SBI CONTRA FUND — +7.01%
- SVF DOORBELL (CAYMAN) LTD — +6.79%
- HDFC MUTUAL FUND - HDFC MID-CAP FUND — +5.53%
- INVESCO INDIA AGGRESSIVE HYBRID FUND — +3.07%
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA NIFTY 500 EQUAL WEIGHT INDEX FUND — +2.86%
- Fedex Express Transportation And Supply Chain Services (I) Pvt. Ltd. — +2.79%
- GOVERNMENT OF SINGAPORE — +2.14%
- SUNDARAM MUTUAL FUND A/C SUNDARAM DYNAMIC ASSET ALLOCATION FUND — +2.12%
- AXIS ELSS TAX SAVER FUND — +1.81%

## Official filings

- 2026-11-05 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_05112026130350_TranscriptofEarningsCall.pdf)
- 2026-11-05 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20163_WebXMLFile_20261105_180540750.xml)
- 2026-11-03 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_03112026143835_GrantofStockOptions.pdf)
- 2026-11-03 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_20163_WebXMLFile_20261103_144521236.xml)
- 2026-10-31 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_31102026152908_Final_Initmation_Newspaper_sd.pdf)
- 2026-10-30 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_30102026163206_OutcomeOfBM.pdf)
- 2026-10-30 — Earnings Presentation: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_30102026164346_Presentation_of_Earning_Confrence_Call_F_Sd.pdf)
- 2026-10-30 — Press Release: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_30102026164117_Press_Release_F_Sd.pdf)
- 2026-10-30 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_30102026165135_OutcomeOfBM.pdf)
- 2026-10-30 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_30102026164803_Shareholders_Letter_F_Sd.pdf)
- 2026-10-30 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_20163_WebXMLFile_20261030_165958468.xml)
- 2026-10-30 — Financial Results Filing: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750274_30102026064310_WEB.xml)
- 2026-10-30 — Financial Results Filing: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750298_30102026065035_WEB.xml)
- 2026-10-30 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20163_WebXMLFile_20261030_231303866.xml)
- 2026-10-30 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_30102026230906_EarningConferenceCall_Recording_sd.pdf)
- 2026-10-29 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_29102026175259_SEintimation_GSTPenaltyEcom_29102026_sd.pdf)
- 2026-10-29 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_20163_WebXMLFile_20261029_175652071.xml)
- 2026-10-23 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_23102026122041_IntimationOfEarningConferenceCall_Sep26_sd.pdf)
- 2026-10-23 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20163_WebXMLFile_20261023_123455185.xml)
- 2026-10-22 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_20163_WebXMLFile_20261022_233551125.xml)
- 2026-10-22 — Board Meeting Notice: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_22102026233244_BM_Intimation_Reg29_Sept26_SD.pdf)
- 2026-10-22 — Board Meeting Notice: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_20163_WebXMLFile_20261022_233551125.xml)
- 2026-10-19 — Shareholding Disclosure: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741328_19102026020401_WEB.xml)
- 2026-10-13 — Generic Announcement: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_13102026201900_Certificate74Sep2026.pdf)
- 2026-10-12 — Press Release: Delhivery Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_12102026133040_PressReleaseGoldenPeacockCover_sd.pdf)

## News and market events

- 2026-11-07 — Mint: **Muhurat trading, Diwali 2026: Stocks to buy in Samvat 2083 - Blue Star, CESC, Delhivery, Ingersoll - check share price** — PL Capital has issued 'Buy' ratings for Blue Star, CESC, Delhivery, and Ingersoll-Rand India, projecting upside potential of up to 56% in these mid- and small-cap stocks. The brokerage cites structural growth drivers including cooling demand, renewable energy expansion, logistics leadership, and compressor market strength as key factors supporting the positive outlook. — [Source](https://www.livemint.com/market/stock-market-news/nse-overhauls-key-trading-rules-closing-auction-session-f-o-expiry-trading-hours-revised-what-changes-for-invest-11794044306255.html)
- 2026-11-03 — BUSINESSTODAY: **Engineers India, GAIL, Zensar, Motherson Sumi Wiring, Delhivery shares: Target prices** — Brokerages have issued rating updates for a dozen stocks, including Engineers India, GAIL, Zensar Technologies, Motherson Sumi Wiring, and Delhivery, following September quarter results. Analysts have upgraded Delhivery to 'Buy' with a target price of Rs 490 and Engineers India to 'Accumulate' at Rs 338, while downgrading Zensar Technologies to 'Add' with a target of Rs 614. — [Source](https://www.businesstoday.in/markets/stocks/story/engineers-india-gail-zensar-motherson-sumi-wiring-delhivery-shares-target-prices-565274-2026-11-03)
- 2026-11-02 — CNBC-TV18: **Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term** — Indian equity markets extended their recovery with the Nifty reclaiming 23,400, driven by easing crude oil prices, positive global cues, and strong corporate earnings that boosted investor sentiment. Analysts from HDFC Securities, LKP Securities, and Religare Broking view the underlying trend as sharply positive, identifying key resistance levels between 23,500 and 23,700 that could pave the way for a rally toward 24,000 if sustained. Market participants are expected to monitor developments in West Asia, crude price movements, and the outcome of the November 3 US midterm elections for further — [Source](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- 2026-11-02 — CNBC-TV18: **FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities** — Foreign institutional investors extended their buying streak to a second consecutive session, pumping ₹3,115 crore into Indian equities and bringing two-day net inflows to ₹6,713 crore. This activity coincided with strong gains in benchmark indices, driven by positive quarterly results from Reliance Industries and other major stocks, as well as lower crude oil prices supporting specific sectors. — [Source](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- 2026-11-02 — The Hindu: **Reliance fuels Nifty’s best single-day jump in months; Sensex reclaims 75,600** — Reliance Industries’ strongest single-day gain since April 2020 fueled India’s best Nifty jump in months, helping the Sensex reclaim 75,600 and extend its winning streak to three sessions. The rally was supported by easing crude oil prices, positive corporate earnings surprises across sectors like metals and oil & gas, and robust domestic consumption data reflected in October GST collections. While market breadth remained positive with broad-based gains, analysts cautioned that sustaining the recovery requires continued institutional inflows and contained crude prices amid upcoming US economic — [Source](https://www.thehindubusinessline.com/markets/reliance-fuels-niftys-best-single-day-jump-in-months-sensex-reclaims-75600/article71656555.ece)
- 2026-11-02 — CNBC-TV18: **Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today** — Indian equity benchmarks opened with sharp gains, as the Sensex surged 1,233 points to 75,693 and the Nifty reclaimed the 23,400 mark. The rally was primarily driven by Reliance Industries' strong Q2 results, which added over ₹1.8 lakh crore to its market capitalisation, alongside a nearly 4% decline in crude oil prices that boosted paint and oil marketing stocks. Other major contributors included positive quarterly performances from Dixon Technologies, Delhivery, and Muthoot Finance, while auto stocks showed mixed performance based on monthly sales data. — [Source](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- 2026-11-02 — MONEYCONTROL: **Delhivery shares rally 9% after company swings backs to profit in Q2; Jefferies, Elara say 'Buy', check target prices** — Delhivery shares rallied 9% after the company swung back to profit in the second quarter. Analysts from Jefferies and Elara issued 'Buy' recommendations with target prices following the results. — [Source](https://www.moneycontrol.com/news/business/markets/delhivery-shares-rally-9-after-company-swings-backs-to-profit-in-q2-jefferies-elara-say-buy-check-target-prices-14066082.html)
- 2026-11-02 — The Hindu: **Delhivery shares jump 9.5% after Q2 results, JPMorgan, Jefferies, Kotak, Citi maintain buy calls** — Delhivery shares rose 9.5% after reporting standalone PAT of ₹66.7 crore for Q2FY27, with brokerages maintaining buy ratings citing improved margins and express parcel volume growth. The company's board also approved an investment of up to ₹36 crore in its wholly owned subsidiary, Delhivery Fintech Distribution Private Limited (DFDPL). — [Source](https://www.thehindubusinessline.com/markets/delhivery-shares-jump-95-after-q2-results-jpmorgan-jefferies-kotak-citi-maintain-buy-calls/article71655384.ece)
- 2026-11-02 — Economic Times: **Fintechs fortify cyber defences; Logistics cos in the speed lane** — The Data Security Council of India (DSCI) has outlined an industry framework for assessing liability when autonomous artificial intelligence agents cause harm, proposing that responsibility be traced across the technology value chain based on the decisions each participant makes and the controls it can enforce. — [Source](https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/fintechs-fortify-cyber-defences-logistics-cos-in-the-speed-lane/articleshow/135441888.cms)
- 2026-10-30 — CNBC-TV18: **Delhivery Q2 Results: Revenue crosses ₹3,000 crore for first time; EBITDA nearly triples** — Delhivery Ltd reported its first quarterly revenue exceeding ₹3,000 crore for Q2 FY27, with service revenue rising 20% year-on-year and EBITDA nearly tripling to ₹205 crore. The company also highlighted improved profitability and network service levels despite inflationary costs and rising fuel prices. — [Source](https://www.cnbctv18.com/market/stocks/delhivery-q2-share-price-results-revenue-crosses-rs-3000-crore-for-first-time-ebitda-nearly-triples-20023835.htm)
- 2026-10-30 — MONEYCONTROL: **Walmart investigates kickbacks at Flipkart, Binance hack’s India impact and more | Tech3** — The Indian government has approved a $26 billion deal for the purchase of 315 C-40 aircraft from Boeing. Additionally, Delhivery's earnings results are being highlighted as a key market story. — [Source](https://www.moneycontrol.com/news/podcast/walmart-investigates-kickbacks-at-flipkart-binance-hack-s-india-impact-and-more-tech3-14064760.html)
- 2026-10-30 — Economic Times: **Delhivery’s Q2 revenue grows 20%; bottomline swings to profitability - The Economic Times** — New-age logistics company Delhivery reported a 20% year-on-year increase in operating revenue to Rs 3,066 crore for the September quarter and swung to a net profit of Rs 41 crore, reversing a Rs 50 crore net loss from the same period last year. — [Source](https://economictimes.indiatimes.com/tech/technology/delhiverys-q2-revenue-grows-20-bottomline-swings-to-profitability/articleshow/135365056.cms)
- 2026-10-30 — MONEYCONTROL: **Delhivery Q2: Revenues increase 20% to Rs 3,066 crore, profits at Rs 41 crore** — Delhivery reported a 20% year-on-year increase in revenues to Rs 3,066 crore for the second quarter, with profits standing at Rs 41 crore. — [Source](https://www.moneycontrol.com/news/business/earnings/delhivery-q2-revenues-increase-20-to-rs-3-067-crore-profits-at-rs-41-crore-14064590.html)
- 2026-10-30 — BUSINESSTODAY: **Delhivery's Q2 revenue tops Rs 3,000 crore, EBITDA triples** — Delhivery Ltd posted a consolidated net profit of Rs 40.64 crore for Q2 FY27, reversing a loss in the corresponding period last year, while revenue from operations grew 20% year-on-year to cross the Rs 3,000-crore mark. Separately, the board approved an investment of up to Rs 36 crore in its wholly owned subsidiary, Delhivery Fintech Distribution Private Ltd, to support operational and business requirements including insurance and telematics services. — [Source](https://www.businesstoday.in/markets/stocks/story/delhiverys-q2-revenue-tops-rs-3000-crore-ebitda-triples-564823-2026-10-30)
- 2026-10-30 — CNBC-TV18: **Q2 Results Live Updates: Suzlon, Trent react to numbers; RIL, Sun Pharma, BEL, report today** — Reliance Industries, Sun Pharma, Bharat Electronics, Max Healthcare, Bank of Baroda, Dixon Technologies, Delhivery, GAIL, Engineers India, and Indian Oil Corporation are among the companies reporting their Q2 financial results today. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-reliance-industries-jio-sun-pharma-bel-gail-dixon-bob-ioc-eil-suzlon-trent-max-health-share-price-liveblog-20022987.htm)
- 2026-10-09 — BUSINESSTODAY: **Delhivery shares set for a 33% upside, says PL Capital; turns bullish** — Shares of Delhivery, Delhivery price target, Delhivery stock price, Delhivery price — [Source](https://www.businesstoday.in/markets/stocks/story/delhivery-shares-set-for-a-upside-says-pl-capital-turns-bullish-560614-2026-10-09)
- 2026-09-30 — Economic Times: **EDT: Kitchen appliance startup EDT raises $2.4 million in funding led by Sauce VC - The Economic Times** — The round also saw participation from venture debt firm Alteria Capital, Raul Rai, co-founder of Nicobar, Shibam Das and Arindam Paul of Atomberg, Ajith Pai, chief operating officer of Delhivery, and Anushree Tainwala, chief business officer of Samsonite, South Asia, alongside existing investors. — [Source](https://economictimes.indiatimes.com/tech/startups/kitchen-appliance-startup-edt-raises-2-4-million-in-funding-led-by-sauce-vc/articleshow/134569595.cms)
- 2026-09-29 — BUSINESS: **Volumes spurt at Honasa Consumer Ltd counter** — Honasa Consumer Ltd registered volume of 8.18 lakh shares by 10:45 IST on BSE, a 18 fold spurt over two-week average daily volume of 45447 shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-spurt-at-honasa-consumer-ltd-counter-126092900330_1.html)
- 2026-09-29 — Economic Times: **Union minister Piyush Goyal to headline ET Startup Awards on October 9 in Bengaluru - The Economic Times** — Goyal has been leading trade negotiations with key partners, including the US, after sealing high-profile deals with the UK, which came into force in July, and the EU, which is expected to take effect early next year. His ministry is also overhauling a raft of laws and regulations to make it easier to do business and to cement India's position as a global manufacturing hub, a push that has coincided with record foreign direct investment (FDI) inflows of $94.53 billion in FY26. — [Source](https://economictimes.indiatimes.com/tech/startups/piyush-goyal-to-be-guest-of-honour-at-et-startup-awards-2026/articleshow/134549492.cms)
- 2026-09-28 — SCROLL.IN: **A new book shows how the country’s start-ups identified uniquely Indian demands and fulfilled them** — An excerpt from ‘A Billion Bets: The Making of India’s Startup Ecosystem’, by Aviral Bhatnagar. — [Source](https://scroll.in/article/1095561/a-new-book-shows-how-the-countrys-start-ups-identified-uniquely-indian-demands-and-fulfilled-them)
- 2026-09-23 — MONEYCONTROL: **Block deals: New-age stock worth over Rs 67,000 crore sold in 2026, Lenskart accounts for over 25%** — new-age startups, block deals, startup IPOs, Lenskart, Groww, Paytm, venture capital exits, VC exits, VC block deals, startup block deals — [Source](https://www.moneycontrol.com/news/business/startup/block-deals-new-age-stock-worth-over-rs-67-000-crore-sold-in-2026-lenskart-accounts-for-over-25-14036185.html)
- 2026-09-23 — CNBC-TV18: **Logistics stock, already up 127% from IPO price, can see further upside, Kotak says** — Kotak has become the sixth brokerage to initiate coverage on Shadowfax Technologies. Their price target is also the highest on the street among the six analysts. The five other analysts who track the stock also have a "buy" rating on it with price targets ranging from ₹280 to ₹300 per share. — [Source](https://www.cnbctv18.com/market/shadowfax-technologies-share-price-kotak-add-rating-target-upside-ipo-returns-meesho-exposure-risks-impact-valuations-19996232.htm)
- 2026-09-22 — CNBC-TV18: **Why Helios MF is adding new-age and precision engineering stocks** — Dinshaw Irani, CEO of Helios Mutual Fund is also positive on the logistics segment, particularly companies that are positioned to benefit from the growth of e-commerce and quick commerce. — [Source](https://www.cnbctv18.com/market/new-age-precision-engineering-stocks-hdfc-bank-helios-mf-dinshaw-irani-19995837.htm)
- 2026-09-21 — BUSINESSTODAY: **Hero MotoCorp, Delhivery shares set for a rebound: Market expert** — Hero MotoCorp stock outlook, Delhivery share price target, Aditya Agarwal stock picks, Hero MotoCorp technical analysis, Delhivery short covering, Indian stock market rebound, auto stocks India, mid-cap stock picks, large-cap recovery stocks, Hero MotoCorp vs TVS Motor, Hero MotoCorp vs Eicher Motors, Bajaj Auto comparison, moving average breakout stocks, bullish stocks India, Dalal Street stock picks, quality stocks to buy, Indian equities outlook, stock-specific opportunities, market correction rebound plays, Business Today market news — [Source](https://www.businesstoday.in/markets/stocks/story/hero-motocorp-delhivery-shares-set-for-a-rebound-market-expert-556828-2026-09-21)
- 2026-09-21 — Mint: **Samara Capital acquires stake in ARC and Calyx to build logistics platform | Company Business News** — The private equity (PE) firm invested close to ₹1,200 crore, with the promoters and the firm holding almost equal stakes in the new entity. — [Source](https://www.livemint.com/companies/start-ups/samara-capital-arc-calyx-logistics-platform-rs-1200-crore-11789902774973.html)

## Business profile

**Strategic vision:** Integrated logistics provider building an operating system for commerce.

### Business segments
- **Express Parcel:** Services for consignments, including heavy goods.
- **Warehousing:** Storage and fulfillment solutions.
- **Part Truckload (PTL):** Facilitates the movement of goods from different customers through a single truck, allowing multiple shippers to share load and optimize costs.
- **Full Truckload (FTL):** Shipments where the entire truck is utilized for a single customer, offering reduced transit times.
- **International:** Cross-border services, including door-to-door and port-to-port express parcel services and air cargo to and from India.
- **TransportOne:** undefined
- **Data Intelligence:** undefined
- **Software Platform:** undefined
- **D2C Brands:** undefined
- **Personal Courier:** undefined
- **B2B Enterprises:** undefined

### Competitive strengths
- Integrated logistics network combining infrastructure, operations, and technology.
- Mesh network that dynamically adapts to volume changes or channel hindrances.
- Extensive nationwide network servicing over 18,850+ pin codes.

## Related stocks

- [Aegis Vopak Terminals Limited (Logistics)](https://faxioms.com/stocks/aegisvopak) — +4.80%
- [Container Corporation of India Limited (Logistics)](https://faxioms.com/stocks/concor) — -0.24%
- [The Great Eastern Shipping Company Limited (Logistics)](https://faxioms.com/stocks/geship) — -2.05%
- [Adani Ports and Special Economic Zone Limited (Logistics)](https://faxioms.com/stocks/adaniports) — +2.76%
- [Blue Dart Express Limited (Logistics)](https://faxioms.com/stocks/bluedart) — -1.34%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/delhivery
Markdown representation: https://faxioms.com/stocks/delhivery?render=md