🔍

DELHIVERY - Delhivery

📊 NSE: DELHIVERY 🏢 Miscellaneous 📅 Last Updated: 12/13/2025 21:28

📢 Recent Corporate Announcements

Delhivery to Host Investors Facility Visit at Lonad Mega Gateway on April 08, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Mar 2026, 01:14 PM

Delhivery Limited has announced a facility visit for a group of investors scheduled for April 08, 2026. The visit will take place at the Lonad Mega Gateway located in Bhiwandi, Maharashtra, to provide an overview of facility operations. The company has explicitly stated that no unpublished price-sensitive information (UPSI) will be shared during this event. This initiative is part of the company's routine investor engagement and transparency efforts regarding its logistics infrastructure.

Investor facility visit scheduled for April 08, 2026, at Lonad Mega Gateway, Bhiwandi.
The event aims to provide an operational overview of one of Delhivery's key logistics hubs.
Company confirmed that no unpublished price-sensitive information (UPSI) will be disclosed.
Disclosure made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

💡 No immediate action is required as this is a routine investor relations event. Investors may look for subsequent analyst notes that might provide qualitative insights into the company's operational scale.

Delhivery Allots 85,052 Equity Shares Under ESOP 2012 Scheme

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Mar 2026, 06:42 PM

Delhivery Limited has approved the allotment of 85,052 equity shares following the exercise of vested options under its 2012 Employee Stock Option Plan. The allotment consists of 75,812 shares at an exercise price of Re. 1 and 9,240 shares at Rs. 29.85. This exercise has resulted in a marginal increase in the company's paid-up share capital to Rs. 74.86 crore. The total funds realized from this allotment amount to approximately Rs. 3.51 lakh.

Allotment of 85,052 equity shares of face value Re. 1 each upon ESOP exercise
Paid-up share capital increased from Rs. 74,85,23,056 to Rs. 74,86,08,108
Exercise prices were set at Re. 1 for 75,812 options and Rs. 29.85 for 9,240 options
Total capital realized by the company through this exercise is Rs. 3,51,626
Diluted EPS post-allotment stands at Re. 0.99 based on Q3FY26 reported earnings

💡 This is a routine corporate action with negligible equity dilution. No specific action is required from investors as it does not impact the company's fundamental valuation.

Delhivery to Attend Bernstein AI-First Conversations Conference on March 16, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Mar 2026, 06:31 PM

Delhivery Limited has scheduled a virtual meeting with investors through the Bernstein Investor Group on March 16, 2026, at 3:30 P.M. IST. The conference, titled 'AI-First Conversations: AI in Travel Tech and Growth Strategies,' will focus on the company's growth outlook and technological integration. The company has clarified that no unpublished price-sensitive information will be disclosed during the session. This interaction is part of the company's routine engagement with institutional investors under SEBI regulations.

Participation in Bernstein's 'AI-First Conversations' conference on March 16, 2026.
The session is scheduled for 3:30 P.M. IST via video conference.
Discussion themes include AI in Travel Tech and general Growth Strategies.
Company confirms no unpublished price-sensitive information (UPSI) will be shared.
Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015.

💡 No immediate action is required as this is a routine investor meet. Investors may monitor for any post-event transcripts or presentations to understand the company's AI-driven growth strategy.

Delhivery to Participate in Bernstein AI-First Conversations Conference on March 16

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Mar 2026, 03:48 PM

Delhivery Limited has scheduled a virtual meeting with institutional investors for March 16, 2026, at 3:30 P.M. IST. The conference, organized by Bernstein, is titled 'AI-First Conversations: AI in Travel Tech and Growth Strategies.' The discussion is expected to cover the company's general business outlook and growth strategies within the context of artificial intelligence. The company has explicitly stated that no unpublished price-sensitive information will be disclosed during this session.

Investor conference scheduled for March 16, 2026, at 03:30 P.M. IST.
Event organized by Bernstein focusing on AI-First Conversations and Growth Strategies.
The meeting will be conducted virtually via video conference.
Discussion will be limited to publicly available information and general business outlook.

💡 Investors should monitor the company's website for any post-event presentations or transcripts to understand Delhivery's AI roadmap. No immediate action is required as this is a routine investor engagement.

Delhivery Grants 31,300 Stock Options Under ESOP 2012 at Re 1 Exercise Price

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Mar 2026, 01:11 PM

Delhivery Limited has approved the grant of 31,300 stock options to eligible employees under its Employees Stock Option Plan 2012. Each option is convertible into one equity share of face value Re 1 at a nominal exercise price of Re 1 per share. The vesting schedule is structured over a four-year period, with the first 10% vesting after 12 months. This is a routine corporate action aimed at employee retention and aligning staff interests with long-term company performance.

Grant of 31,300 stock options under the Delhivery ESOP 2012 scheme.
Exercise price set at a nominal Re 1 per equity share.
Vesting schedule: 10% after 12 months, 30% after 24 months, and 15% every 6 months thereafter.
Total vesting period spans 4 years from the date of grant.
Each option is convertible into one fully paid-up equity share of Re 1 face value.

💡 No action is required as the dilution from 31,300 shares is negligible relative to the company's total equity base. Investors should treat this as a routine administrative update regarding employee compensation.

Delhivery Partners with NVIDIA for AI-Powered Location Intelligence and Mapping

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 19 Feb 2026, 11:26 AM

Delhivery has announced a strategic collaboration with NVIDIA to develop advanced digital mapping solutions tailored for India's unique and complex geography. By leveraging NVIDIA's accelerated computing and Nemotron AI models, Delhivery aims to process petabytes of proprietary data from billions of shipments to solve unstructured addressing challenges. This initiative focuses on improving last-mile delivery through address disambiguation and predictive sequencing in dense urban areas. The partnership positions Delhivery to enhance operational efficiency across its network, which currently serves over 51,000 clients.

Collaboration utilizes NVIDIA accelerated computing, CV-CUDA, and Nemotron open models for geospatial AI.
Aims to analyze petabytes of proprietary data accumulated from billions of historical shipments.
Focuses on solving India-specific challenges like landmark-based navigation and unstructured addresses.
Technology will optimize last-mile routes and predictive sequencing in dense, unplanned urban environments.
Delhivery currently provides logistics and data services to a massive base of over 51,000 clients.

💡 Investors should view this as a significant move to strengthen Delhivery's technological moat and long-term operational margins. Monitor how this AI integration translates into reduced last-mile delivery costs and improved service reliability in future earnings.

Delhivery to Attend Kotak Chasing Growth Investor Conference on Feb 23-24, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 16 Feb 2026, 04:39 PM

Delhivery Limited has scheduled its participation in the 'Kotak Chasing Growth' investor conference on February 23 and 24, 2026. The event is organized by Kotak Institutional Equities and will take place in Mumbai from 10:00 A.M. to 06:00 P.M. IST. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during these group meetings. Discussions will remain focused on the general business outlook and information already available in the public domain.

Participation in Kotak Chasing Growth Investor Conference on Feb 23-24, 2026.
Meetings scheduled for full-day sessions from 10:00 A.M. to 06:00 P.M. IST.
Physical group meetings to be held in Mumbai organized by Kotak Institutional Equities.
Company confirms no unpublished price sensitive information will be disclosed.

💡 This is a routine regulatory filing; investors should monitor the company's website for any new investor presentations or post-event transcripts.

Delhivery to Deploy 150 EVs via RIDEV Partnership for Last-Mile Electrification

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 16 Feb 2026, 03:57 PM

Delhivery has announced a strategic partnership with RIDEV to deploy 150 high-performance electric vehicles (EVs) across North East India, Bengaluru, and Hyderabad over the next three months. The initiative introduces an 'EV-as-a-Service' leasing model to eliminate high upfront costs for delivery partners, facilitating a smoother transition from internal combustion engine vehicles. This deployment builds on Delhivery's existing fleet of approximately 1,000 EVs and follows a successful pilot that reduced rider operational costs by over 50%. The company plans to expand this model to other major hubs like Mumbai and Chennai to align with national decarbonization goals.

Deployment of 150 high-performance EVs across North East India, Bengaluru, and Hyderabad within 3 months.
Introduction of an 'EV-as-a-Service' leasing model to reduce financial barriers for the gig workforce.
Pilot results demonstrated a 50% reduction in daily operational costs for riders and 4,260 Kg of CO2 savings.
Phased expansion planned for major hubs including Mumbai, Pune, Chennai, and Goa.
Strategic alignment with India's PM E-DRIVE objectives for cleaner transportation.

💡 Investors should monitor the impact of this electrification on Delhivery's last-mile delivery margins, as the 50% reduction in rider costs could improve network stability and operational efficiency. The move also strengthens the company's ESG profile, which is increasingly relevant for institutional investors.

Delhivery Allots 2.30 Lakh Equity Shares Under ESOP Schemes

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Feb 2026, 09:17 PM

Delhivery Limited has approved the allotment of 2,30,313 equity shares following the exercise of vested employee stock options. The allotment involves three different schemes including ESOP 2012, ESOP II 2020, and ESOP III 2020, with exercise prices as low as Re. 0.10. This exercise has increased the company's total paid-up share capital from Rs. 74.82 crore to approximately Rs. 74.85 crore. The total capital realized by the company from this exercise amounts to Rs. 4.89 lakh.

Allotment of 2,30,313 equity shares of face value Re. 1 each upon exercise of vested options.
Total paid-up share capital increased to Rs. 74,85,23,056 from Rs. 74,82,92,743.
Company realized a total of Rs. 4,89,050.75 from the exercise of these options.
Diluted earnings per share (EPS) stands at Re. 0.99 based on Q3FY26 earnings data.
The new shares will rank pari-passu with existing equity shares in all respects.

💡 This is a routine administrative allotment with negligible equity dilution. No immediate action is required from investors as the impact on share value is minimal.

Delhivery Q3FY26: Record ₹2,798 Cr Revenue, 43% Express Volume Growth & ₹1,053 Cr 9M Service EBITDA

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 05 Feb 2026, 06:07 PM

Delhivery reported a robust Q3FY26 with service revenue growing 18% YoY to ₹2,798 crores, driven by record festive volumes in Express Parcels which saw 295 million shipments. The company achieved a major milestone with 9-month Service EBITDA crossing ₹1,053 crores, while Q3 Adjusted EBITDA of ₹147 crores matched the entire performance of FY25. Profitability improved across all segments, with Express margins reaching 18.1% and Supply Chain Services margins expanding significantly to 13% from 2.1% YoY. The company also successfully tested autonomous VTOL drones and expanded its intra-city services to Mumbai and Hyderabad.

Revenue from services grew 18% YoY to ₹2,798 crores with a 10% sequential increase.
Express Parcel volumes surged 43% YoY to 295 million shipments, contributing ₹1,839 crores in revenue.
9-month Service EBITDA reached a record ₹1,053 crores, with Q3 Adjusted EBITDA at ₹147 crores.
PTL volumes hit a record 507k metric tons (up 23% YoY) with margins expanding to 11%.
PAT for the quarter stood at ₹110 crores before integration costs, a 4x increase compared to Q3 last year.

💡 Investors should note the strong operating leverage and margin expansion across both Express and Supply Chain segments. The company's ability to maintain high service levels during peak festive volumes while improving profitability suggests a sustainable growth trajectory.

Delhivery to Participate in Nuvama 21st India Conference on February 9-10, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Feb 2026, 05:36 PM

Delhivery Limited has announced its participation in the Nuvama 21st India Conference scheduled for February 9 and 10, 2026. The event will be held physically in Mumbai and will involve group meetings with institutional investors. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during these sessions. Discussions will be limited to general business outlooks and information already available in the public domain.

Participation in the Nuvama Institutional Equities 21st India Conference.
Event scheduled for two full days on February 9 and February 10, 2026.
Meetings will be held in a physical group format in Mumbai from 09:00 AM to 06:00 PM IST.
Company confirms compliance with SEBI Regulation 30 regarding non-disclosure of UPSI.

💡 This is a routine investor relations update; investors should monitor for any subsequent investor presentations or transcripts that may provide qualitative insights into the company's growth outlook.

Delhivery Shares Audio Recording Link for Q3 FY26 Earnings Conference Call

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 31 Jan 2026, 09:19 PM

Delhivery Limited has released the audio recording of its earnings conference call held on January 31, 2026. The call addressed the company's unaudited standalone and consolidated financial performance for the quarter and nine months ended December 31, 2025. This disclosure provides transparency, allowing investors to hear management's detailed commentary and responses to analyst queries. The recording is accessible via a public YouTube link and the company's official website.

Earnings call conducted on January 31, 2026, at 06:00 P.M. IST
Covers financial results for the quarter and nine-month period ended December 31, 2025
Public access provided through a YouTube recording link for all stakeholders
Compliance with regulatory requirements for sharing post-earnings call transcripts/recordings

💡 Investors should listen to the recording to understand management's perspective on volume growth and the path to profitability. It is a key resource for qualitative insights that are not always apparent in the numerical financial statements.

Delhivery Q3FY26: Record ₹147 Cr Adjusted EBITDA; Service EBITDA Crosses ₹1,000 Cr in 9M

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 31 Jan 2026, 08:09 PM

Delhivery reported a strong Q3FY26 with revenue growing 17.6% YoY to ₹2,798 crore, driven by a record festive season with 295 million express parcel shipments. The company achieved a significant milestone, crossing ₹1,000 crore in Service EBITDA for the first nine months of FY26. Adjusted EBITDA reached an all-time high of ₹147 crore, while PAT (excluding integration costs) stood at ₹110 crore. Operational efficiency improved significantly, with the Transport segment's Service EBITDA margin rising to 16.4%.

Revenue from services grew 17.6% YoY to ₹2,798 Cr in Q3FY26.
Express Parcel shipments surged 42.9% YoY to 295 million units during the festive season.
Achieved record Adjusted EBITDA of ₹147 Cr, which is at par with the total Adjusted EBITDA for the entire FY25.
Service EBITDA for 9MFY26 reached ₹1,053 Cr, crossing the ₹1,000 Cr milestone for the first time in a financial year.
PTL freight tonnage increased 22.9% YoY to 507K MT, maintaining stable service levels despite volume spikes.

💡 The company is demonstrating strong operating leverage and a clear path to sustained profitability. Investors should maintain a positive outlook while monitoring the integration costs associated with the Ecom Express acquisition and the scaling of new international services.

Delhivery Announces Board Transition; Chairman Deepak Kapoor to Step Down by April 2026

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 31 Jan 2026, 05:41 PM

Delhivery has announced a planned board transition where Chairman Deepak Kapoor and Independent Director Saugata Gupta will step down effective April 1, 2026. This move is part of a board rejuvenation exercise that previously saw the appointment of four new independent directors in 2025, including leaders from Emcure, boAt, and PB Fintech. Deepak Kapoor has served the board for over 8 years, playing a critical role in the company's 2022 IPO and governance framework. The transition appears orderly and aimed at aligning leadership with the company's next phase of growth.

Chairman Deepak Kapoor and Director Saugata Gupta to exit the board effective April 1, 2026
Deepak Kapoor served as Chairman for over 8 years and oversaw the company's 2022 IPO
Follows the 2025 appointments of Namita Thapar, Sameer Mehta, Yashish Dahiya, and Dr. Padmini Srinivasan
Transition is part of a pre-planned board rejuvenation exercise to support future growth phases

💡 Investors should view this as a planned governance evolution rather than a sign of internal conflict. Monitor the strategic influence of the newer board members on Delhivery's long-term logistics and technology roadmap.

Delhivery Chairman Deepak Kapoor and Director Saugata Gupta to Resign in April 2026

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 31 Jan 2026, 05:33 PM

Delhivery Limited has announced a planned leadership transition with the resignations of Chairman Deepak Kapoor and Independent Director Saugata Gupta, effective April 1, 2026, and March 31, 2026, respectively. These departures are part of a structured board rejuvenation process designed for the company's next five-year growth phase. Mr. Kapoor will vacate his roles in the Audit and NRC committees, while Mr. Gupta will step down from the M&A and Stakeholders Relationship committees. The company has provided a significant lead time of over a year for this transition, suggesting a stable succession plan.

Chairman Deepak Kapoor to resign effective April 1, 2026, vacating roles in Audit and NRC committees.
Independent Director Saugata Gupta to resign effective March 31, 2026, leaving the M&A and Stakeholders Relationship committees.
Resignations are part of a 'planned Board rejuvenation process' for the upcoming 5-year cycle.
Both directors confirmed there are no material reasons for their departure other than the planned transition.
The long notice period (over 14 months) indicates a focus on a smooth leadership handover.

💡 Investors should monitor the company's upcoming appointments for the Chairman and Independent Director roles to ensure the quality of governance is maintained. No immediate action is required as the transition is planned and scheduled for 2026.

View All DELHIVERY Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

In Q2 FY26, total revenue from services reached INR 2,546 Cr, growing 16.3% YoY. Segment performance was led by Express Parcel at INR 1,611 Cr (up 24% YoY), while Part Truckload (PTL) tonnage grew 11.8% YoY to 477K tons. Full Truckload (FTL) revenue was INR 150 Cr (down 5% YoY), Supply Chain Services (SCS) was INR 170 Cr (down 14% YoY due to calibrated contract exits), and Cross Border Services was INR 38 Cr (down 35% YoY).

Geographic Revenue Split

Not disclosed in available documents, though the company operates a pan-India network and provides cross-border services which contributed INR 38 Cr (1.5% of revenue) in Q2 FY26.

Profitability Margins

Profitability showed significant improvement with PAT margin turning positive to 2.2% (INR 59 Cr) in Q2 FY26 compared to 0.4% (INR 10 Cr) in Q2 FY25. This was driven by a shift in depreciation method from WDV to SLM and improved operating leverage as volumes increased.

EBITDA Margin

EBITDA margin expanded to 5.9% (INR 150 Cr) in Q2 FY26 from 2.6% (INR 57 Cr) in Q2 FY25, a 330 bps improvement. This was achieved through better network utilization and cost optimization measures despite peak-period investments.

Capital Expenditure

Capex intensity for H1 FY26 was 5.1% of revenue (approximately INR 246.8 Cr), down from 6.6% in H1 FY25. The company is targeting a long-term capex intensity of 4% to improve free cash flow.

Credit Rating & Borrowing

The company maintains a strong liquidity position with Cash and Cash Equivalents of INR 4,223 Cr as of September 30, 2025. Debt-Equity ratio is near zero (0.00 in FY25 vs 0.01 in FY24), indicating negligible borrowing costs.

⚙️ Operational Drivers

Raw Materials

As a logistics service provider, the primary cost drivers are Freight, Handling, and Servicing costs (73.1% of revenue) and Employee Benefit Expenses (15.4% of revenue).

Import Sources

Not applicable as a service company; however, logistics operations are dependent on fuel and vehicle availability across India.

Key Suppliers

Not specifically named, but the company utilizes a vast network of third-party truck owners and delivery partners.

Capacity Expansion

Express Parcel capacity handled 246 million shipments in Q2 FY26 (up 32.5% YoY). PTL capacity handled 477K tons. Expansion is driven by the acquisition of Ecom Express and increasing network directionality.

Raw Material Costs

Freight and handling costs were INR 6,534.8 Cr in FY25 (73% of revenue). These costs are managed through network optimization and increasing the share of wallet to reduce per-unit delivery costs.

Manufacturing Efficiency

Efficiency is measured by capacity utilization; the company is targeting 16-18% service EBITDA margins in PTL by improving network utilization and yield.

Logistics & Distribution

Distribution is the core business; Express Parcel shipments grew 32.5% YoY to 246 million in Q2 FY26, demonstrating high scalability of the distribution network.

📈 Strategic Growth

Expected Growth Rate

15-20%

Growth Strategy

Growth will be achieved through the integration of Ecom Express, gaining share of wallet from existing customers, and capturing volumes from 'self-logistics' arms of marketplaces that are seeking cost efficiency through 3PL outsourcing. The company also targets 16-18% margins in PTL within 24 months through yield improvements.

Products & Services

Express Parcel delivery, Part Truckload (PTL) freight, Full Truckload (FTL) shipping, Supply Chain Solutions (warehousing and inventory management), and Cross Border logistics.

Brand Portfolio

Delhivery, Delhivery Direct, Delhivery Rapid.

New Products/Services

Delhivery Direct and Rapid services are being scaled, currently at an annual run rate of INR 25-30 Cr, with potential to reach INR 1,000-1,500 Cr in the next few years.

Market Expansion

Focusing on increasing B2B share through PTL and SCS segments while consolidating the e-commerce 3PL market via the Ecom Express acquisition.

Market Share & Ranking

Delhivery is a leading 3PL player in India; the acquisition of Ecom Express further solidifies its #1 position in the e-commerce logistics space.

Strategic Alliances

Acquisition of Ecom Express to consolidate market share in the express parcel segment.

🌍 External Factors

Industry Trends

The industry is seeing a shift from in-house 'self-logistics' to professional 3PL providers as marketplaces focus on profitability. The market is expected to grow at 15-20% CAGR.

Competitive Landscape

Key competitors include Blue Dart, TCI Express, and Ecom Express (now being integrated). Competitive intensity is reducing due to industry consolidation.

Competitive Moat

Moat is built on massive network scale, high density of shipments (246M in a quarter), and a lower cost structure than competitors, which makes it difficult for new entrants to compete on price.

Macro Economic Sensitivity

Highly sensitive to e-commerce growth trends and overall GDP movement which dictates PTL and FTL freight demand.

Consumer Behavior

Shift toward festive season 'peak' buying increases volume volatility, requiring flexible labor and infrastructure scaling.

Geopolitical Risks

Global trade tensions could impact the Cross Border Services segment, which saw a 35% YoY revenue decline in Q2 FY26.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by SEBI Listing Regulations and Indian labor laws regarding delivery personnel. The company maintains an unmodified audit opinion.

Environmental Compliance

The company emphasizes 'environmental stewardship' and sustainable business practices in its Corporate Governance philosophy.

Taxation Policy Impact

Effective tax rate impacted by deferred tax assets; PAT turned positive in FY25 at INR 162.1 Cr.

Legal Contingencies

Recognized a fair value loss of INR 5.13 Cr on investment in Boxseat Ventures in FY25. No other major pending litigation values were specified in the provided text.