Delhivery Ltd (DELHIVERY)

Delhivery Posts Losses Despite Revenue Growth - 18 May, 2024

Despite Delhivery's Q4FY24 revenue growth of 12%, the company posted a loss of Rs 68.5 crore, causing its stock to drop 5%. However, analysts predict that the company will turn PAT positive in FY25.

Delhivery Posts Narrower Loss in Q4 FY24 - 17 May, 2024

Logistics firm Delhivery reported a narrower loss in Q4 FY24 with improved volume growth in its supply chain and truckload services. The company also approved the incorporation of a wholly-owned subsidiary for drone technology R&D and manufacturing. However, the executive director and chief business officer resigned from the company.

Delhivery: One of India's Largest Logistics Companies - 12 May, 2024

Delhivery is a leading logistics company in India with a market capitalization of approximately Rs 33400 crore. The company was founded in 2011 and has diversified beyond just online retail to include fashion, groceries, and collaborations with e-commerce giants like Amazon Prime Now and Flipkart.

Delhivery Launches All-Women Logistics Hub - 02 May, 2024

Delhivery has inaugurated an all-women logistics hub in Sikar, Rajasthan, managed entirely by female staff. The company aims to enhance women's participation and empowerment in the logistics sector and promote diversity within the company. Delhivery has already scaled up women's participation at its gateways across India, with women constituting 66% of the total workforce at the processing centre in Tauru.

Foreign Investors Buy Stake in Delhivery as Canada Pension Plan Divests - 25 Apr, 2024

US-based financial services companies Capital Group and Fidelity Investments are among the major buyers of Delhivery shares after Canada Pension Plan Investment Board sold a 2.8% stake for Rs 908 crore. The company's revenue grew by around 20.3% YoY, with positive returns of about 10.04% in the last six months.

Delhivery Sees Major Stake Changes Among Investors - 24 Apr, 2024

Canada Pension Plan Investment Board (CPPIB) has sold a significant portion of its stake in logistics provider Delhivery, with Capital Group and Fidelity Investments among the major buyers. Smaller Cap World Fund also purchased a stake. The stock closed flat on Wednesday.

Delhivery Stock Trades Below IPO Price Despite Strong Revenue Growth - 20 Apr, 2024

Despite a revenue CAGR of 45% (FY19-23), Delhivery stock is trading below its IPO price at ₹453. Margins at the EBITDA level continue to be negative, and Bloomberg consensus estimates for FY23-26 appear too optimistic. The stock is currently trading at 3x EV/sales, in line with historical averages, but there is more downside risk if financial performance remains underwhelming.

Delhivery Ltd Stock Shows Consolidation After Hitting 52-Week High - 19 Apr, 2024

Logistics solution provider Delhivery's stock has been consolidating in a narrow range after hitting a fresh 52-week high in February 2024. The stock bounced back after retesting the 200-Day Exponential Moving Average in March 2024 and broke out from the upper trendline of a triangle formation on the daily charts, making it an attractive buy for short-term traders with high-risk profiles.