Delhivery hits 52-week high as brokerages flag 26-32% upside on 3PL consolidation
JM Financial (target ₹605) and Motilal Oswal (₹580) reiterate BUY on Delhivery after shares touched ₹491.50, citing Ecom Express deal synergies, 73% YoY Q4 express volume growth, and PTL EBITDA margin expansion to 13.4%. Q4 FY26 revenue rose 30% to ₹2,850 Cr with ₹72.4 Cr net profit.
What happened
Delhivery shares hit a 52-week high of ₹491.50 after JM Financial and Motilal Oswal reiterated BUY ratings, projecting 26-32% upside on the back of 3PL
Key facts
- 52-week high ₹491.50
- market cap ₹36,285.4 Cr ($3.8 Bn)
- JM Financial target ₹605 (32% upside)
- Motilal Oswal target ₹580 (26% upside)
- FY27 revenue growth ~25% YoY
- Q4 FY26 express volume +73% YoY
- PTL EBITDA margin 13.4% in Q4 FY26
- Q4 FY26 net profit ₹72.4 Cr
- Q4 FY26 revenue ₹2,850 Cr (+30% YoY)
Why this matters
The Ecom Express integration validates roll-up economics in Indian 3PL—scan for sub-scale regional logistics or PTL targets that could accelerate route density before valuations re-rate further.