Delhivery Hits 52-Week High As JM Financial, Motilal Oswal See Up To 32% Upside
Shares touched ₹491.50 (mcap ₹36,285 Cr) as brokerages reiterated BUY post Ecom Express buy. JM Financial targets ₹605 (32% upside), Motilal Oswal ₹580 (26%). Q4 FY26 revenue ₹2,850 Cr (+30% YoY), net profit ₹72.4 Cr, express volumes +73% YoY, PTL EBITDA margin swung to 13.4% from -8.5%.
What happened
Delhivery shares hit 52-week high of ₹491.50 after JM Financial and Motilal Oswal reiterated BUY with 26-32% upside, citing 3PL consolidation post Ecom Express
Key facts
- 52-week high ₹491.50
- market cap ₹36,285.4 Cr
- 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% vs -8.5%
- Q4 FY26 net profit ₹72.4 Cr
- Q4 FY26 revenue ₹2,850 Cr (+30% YoY)
Why this matters
The Ecom Express acquisition is driving immediate margin accretion and brokerage upgrades, validating consolidation as the dominant value-creation lever in India's express logistics market.
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- Inc42 — Same time