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Delhivery Valuation Multiples
Discover revenue and EBITDA valuation multiples for Delhivery and similar public comparables like TravelSky, Agility Global, Kalmar Corp., Yamato Holdings and more.
Delhivery Overview
About Delhivery
Delhivery Ltd is engaged in providing a full range of logistics services, including delivery of express parcels and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express freight services, and supply chain software. The company also offers value-added services such as e-commerce return services, payment collection and processing, installation and assembly services, and fraud detection. It has one segment, which is Logistics Services. The company generates the majority of its revenue from India.
Founded
2011
HQ
Employees
23.5K
Website
Sectors
Financials (LTM)
EV
$4B
Delhivery Financials
Delhivery reported last 12-month revenue of $1B and EBITDA of $72M.
In the same LTM period, Delhivery generated $337M in gross profit, $72M in EBITDA, and $20M in net income.
Revenue (LTM)
Delhivery P&L
In the most recent fiscal year, Delhivery reported revenue of $1B and EBITDA of $88M.
Delhivery expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $337M | XXX | $75M | XXX | XXX | XXX |
| Gross Margin | 30% | XXX | 7% | XXX | XXX | XXX |
| EBITDA | $72M | XXX | $88M | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 8% | XXX | XXX | XXX |
| EBIT Margin | 0% | XXX | (2%) | XXX | XXX | XXX |
| Net Profit | $20M | XXX | $19M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 2% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Delhivery Stock Performance
Delhivery has current market cap of $4B, and enterprise value of $4B.
Market Cap Evolution
Delhivery's stock price is $5.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $4B | 0.5% | XXX | XXX | XXX | $0.03 |
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Start Free TrialDelhivery Valuation Multiples
Delhivery trades at 3.2x EV/Revenue multiple, and 49.6x EV/EBITDA.
EV / Revenue (LTM)
Delhivery Financial Valuation Multiples
As of April 20, 2026, Delhivery has market cap of $4B and EV of $4B.
Equity research analysts estimate Delhivery's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Delhivery has a P/E ratio of 184.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 3.2x | XXX | 3.4x | XXX | XXX | XXX |
| EV/EBITDA | 49.6x | XXX | 40.5x | XXX | XXX | XXX |
| EV/EBIT | 12885.4x | XXX | (213.7x) | XXX | XXX | XXX |
| EV/Gross Profit | 10.6x | XXX | 47.9x | XXX | XXX | XXX |
| P/E | 184.5x | XXX | 192.5x | XXX | XXX | XXX |
| EV/FCF | 241.0x | XXX | 311.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Delhivery Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Delhivery Margins & Growth Rates
Delhivery's revenue in the last 12 month grew by 17%.
Delhivery's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.
Delhivery's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Delhivery's rule of X is 51% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Delhivery Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 17% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Growth | 72% | XXX | (21%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 51% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 7% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 9% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Delhivery Public Comps
See public comps and valuation multiples for other Logistics & Air Freight and Transportation & Logistics Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Delhivery | XXX | XXX | XXX | XXX | XXX | XXX |
| TravelSky | XXX | XXX | XXX | XXX | XXX | XXX |
| Agility Global | XXX | XXX | XXX | XXX | XXX | XXX |
| Kalmar Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| Yamato Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| SAL Logistics | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Delhivery M&A Activity
Delhivery acquired XXX companies to date.
Last acquisition by Delhivery was on XXXXXXXX, XXXXX. Delhivery acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Delhivery
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialDelhivery Investment Activity
Delhivery invested in XXX companies to date.
Delhivery made its latest investment on XXXXXXXX, XXXXX. Delhivery invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Delhivery
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Delhivery
| When was Delhivery founded? | Delhivery was founded in 2011. |
| Where is Delhivery headquartered? | Delhivery is headquartered in India. |
| How many employees does Delhivery have? | As of today, Delhivery has over 23K employees. |
| Is Delhivery publicly listed? | Yes, Delhivery is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Delhivery? | Delhivery trades under DELHIVERY ticker. |
| When did Delhivery go public? | Delhivery went public in 2022. |
| Who are competitors of Delhivery? | Delhivery main competitors are TravelSky, Agility Global, Kalmar Corp., Yamato Holdings. |
| What is the current market cap of Delhivery? | Delhivery's current market cap is $4B. |
| What is the current revenue of Delhivery? | Delhivery's last 12 months revenue is $1B. |
| What is the current revenue growth of Delhivery? | Delhivery revenue growth (NTM/LTM) is 17%. |
| What is the current EV/Revenue multiple of Delhivery? | Current revenue multiple of Delhivery is 3.2x. |
| Is Delhivery profitable? | Yes, Delhivery is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Delhivery? | Delhivery's last 12 months EBITDA is $72M. |
| What is Delhivery's EBITDA margin? | Delhivery's last 12 months EBITDA margin is 6%. |
| What is the current EV/EBITDA multiple of Delhivery? | Current EBITDA multiple of Delhivery is 49.6x. |
| What is the current FCF of Delhivery? | Delhivery's last 12 months FCF is $15M. |
| What is Delhivery's FCF margin? | Delhivery's last 12 months FCF margin is 1%. |
| What is the current EV/FCF multiple of Delhivery? | Current FCF multiple of Delhivery is 241.0x. |
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