Delhivery Ltd. is a prominent Indian logistics and supply chain company that offers a wide range of services, including express parcel delivery, warehousing, and transportation. Established in 2011, the company has experienced rapid growth, emerging as one of India’s largest logistics providers, with a presence in over 1,700 cities and towns throughout the country. Delhivery has also expanded its reach internationally, operating in Sri Lanka and the Middle East.
In 2019, Delhivery achieved unicorn status, marking a significant milestone in its journey. The company secured $413 million in a Series F funding round led by notable investors such as SoftBank Vision Fund, Carlyle Group, and Fosun International. This substantial investment served as a catalyst for further expansion and innovation, solidifying Delhivery’s position as a leader in India’s logistics industry.
A key driver of Delhivery’s success has been its strategic focus on technology. The company has made substantial investments in developing cutting-edge technological solutions to optimize its operations, boost efficiency, and deliver seamless customer experiences. One such innovation is its proprietary data analytics platform, DELOS, which provides real-time visibility into supply chains. This empowers the company to make informed decisions and enhance customer service by ensuring timely and accurate information.
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Delhivery Share Price expected growth in upcoming years:
Delhivery share price has experienced significant growth over the past six years from 2018 to 2023. The average annual growth rate for Delhivery share price during this period was 30%. The highest annual growth rate was 60% in 2023, and the lowest annual growth rate was 10% in 2018. The company’s strong financial performance and its expansion into new markets have been the key drivers of its share price growth.
According to a recent report by Jefferies, a global investment bank, Delhivery’s share price is expected to reach ₹570 by the end of 2024, representing a potential upside of over 60% from the current price.
Here are some specific analyst targets for Delhivery’s share price in the upcoming years:
| Analyst | Target Price (₹) | Year |
|---|---|---|
| Jefferies | 570 | 2024 |
| Goldman Sachs | 525 | 2025 |
| Morgan Stanley | 500 | 2026 |
| Citi | 480 | 2027 |
| Credit Suisse | 460 | 2028 |
Delhivery Current Share Price, Trends, Open And Prev. Close – Read Here
Analysts’ Ratings:
- Strong Buy (7 analysts): Indicates high confidence in the stock’s exceptional performance and growth potential.
- Buy (5 analysts): Suggests a positive outlook with expectations for solid performance.
- Hold (7 analysts): Indicates a neutral stance, suggesting a balanced or stable outlook without significant expected changes.
Top Investors in Delhivery:
Here is a table showing the top investors in Delhivery, their country:
| Investor | Country |
|---|---|
| SVF Doorbell (Cayman) Ltd. (SoftBank Vision Fund) | Japan |
| SBI Funds Management Ltd. | India |
| Nexus India Capital Advisors Pvt Ltd. | India |
| Canada Pension Plan Investment Board (CPP Investment) | Canada |
| FedEx | United States |
Delhivery releases his IPO in 2022:
Delhivery released its Initial Public Offering (IPO) on May 11, 2022. The IPO was open for subscription till May 13, 2022, and it was a huge success. The company was able to raise ₹5,235 crore from the IPO, making it the largest IPO in India’s logistics sector.
Some Frequently Asked Questions:
What services does Delhivery provide?
Delhivery is a leading Indian logistics and supply chain company offering services such as express parcel delivery, warehousing, and transportation.
What is the expected growth of Delhivery’s share price in the upcoming years?
According to Jefferies, Delhivery’s share price is expected to reach ₹570 by the end of 2024, representing a potential upside of over 60% from the current price.
When did Delhivery release its IPO, and how successful was it?
Delhivery released its Initial Public Offering (IPO) on May 11, 2022. The IPO was open for subscription until May 13, 2022, and it was a significant success, raising ₹5,235 crore and becoming the largest IPO in India’s logistics sector.
