Delhivery hits 52-wk high, +7%; JM Fin sees 20% upside on FY27 margin story
Shares touched ₹491.70 as JM Financial reiterated Buy with a ₹605 target. Post Ecom Express acquisition, the 3PL market consolidates into a duopoly with Shadowfax. Brokerage models 25% YoY FY27 revenue growth and EBITDA margin expansion of 370bps to 6.7%. Q4FY26 PAT came in at ₹72.39 cr on total income of ₹2,909 cr (+26.31% YoY).
What happened
Delhivery shares hit a 52-week high, up 7%, as JM Financial reiterated Buy with ₹605 target. Post Ecom Express acquisition, the 3PL market is a duopoly with
Key facts
- 52-week high ₹491.70
- +7%
- target ₹605
- 20% upside
- FY27 revenue growth 25% YoY
- EBITDA margin 6.7% (+370bps)
- Q4FY26 PAT ₹72.39 cr
- total income ₹2,909 cr (+26.31% YoY)
Why this matters
Consolidation into a two-player 3PL market signals the M&A window for scaled logistics assets is closing—remaining tuck-in targets will command scarcity premiums.