Delhivery DELHIVERY
India's largest independent e-commerce and freight logistics network; bought Ecom Express in 2025
Mapped in 1 theme: Consumer Internet.
Where Delhivery sits in the supply chain
Delhivery appears in 1 supply-chain layer in one theme, Consumer Internet.
Consumer Internet › E-commerce logistics
Direct supplierOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6,882 | 7,225 | 8,142 | 8,932 | 10,508 |
| Net profit | −1,011 | −1,008 | −249 | 162 | 153 |
Latest-year revenue ₹10,508 Cr (FY26, company-wide).
Strengths
- Express parcel volume up ~32% in Q2 FY27 to ~325 million shipments as Ecom Express volumes moved in
- Net profit in Q2 FY27 against a loss a year earlier, with Ecom Express integration costs largely behind it
- Neutral network used by Meesho, D2C brands and marketplaces
Risks
- Price pressure from large shippers that also run captive fleets
- Part-truckload freight is competitive and cyclical
- Customer concentration among large marketplaces
Common questions
What does Delhivery do?
India's largest independent e-commerce and freight logistics network; bought Ecom Express in 2025.
Where does Delhivery sit in the supply chain?
Delhivery (NSE: DELHIVERY) is mapped in 1 supply-chain layer: E-commerce logistics (Consumer Internet).
Who are Delhivery's peers?
In the E-commerce logistics layer of Consumer Internet: Shadowfax Technologies, Shiprocket, Blue Dart Express and Flipkart (not NSE-listed).
What is Delhivery's market cap and valuation?
As of 6 Nov 2026: market cap ₹32,199 Cr, P/E 153.0x, ROCE 1.0%, ROE −0.2%, dividend yield 0%.