Why Delhivery Share Price is Rising

Not every sky turns grey just because clouds gather. Not every leaf wilts when the wind turns harsh. And not every stock dips when the market bleeds. Exceptions exist - quiet, defiant, and rare. They stand out not because they try to, but because they can.

Today, driven by global selloff fueled by escalating trade tensions and recession fears, the Indian stock market wore a shade of red. A deep one. The Sensex nosedived by over 2,200 points. The Nifty tumbled below 22,200. Almost all sectors sank. It was the kind of Monday that traders call black.

And yet, amidst this selloff, a few names floated. A few stocks showed resilience. A handful quietly traded in the green, almost as if untouched by the panic. One such exception? Delhivery.

Its stock traded in the green today, making it one of the day's rare winners.

What's driving the surge? Let's find out

Strategic Acquisition

On 5 April 2025, Delhivery entered into a definitive agreement to acquire a controlling stake in Ecom Express for about Rs 14 billion (bn). Ecom Express, established in 2012, offers technology-led logistics services across India. Its operations cover pickup, sorting, transportation, last-mile delivery, and reverse logistics.

Delhivery stated that this acquisition will help both companies serve their customers more efficiently. The network and team of Ecom Express are seen as a strong base for expanding operations and improving service quality.

According to the official announcement, the two companies share a common approach to logistics and service. Their combined strength is expected to benefit businesses across the country and support the growth of India's logistics ecosystem.

The acquisition is also expected to bring scale advantages. With the merged volume and network, the combined business is likely to become the second-largest express parcel company in the country. This positions Delhivery to compete more strongly in a space where cost efficiency and size matter.

Delhivery share price rose by 4.1% on Monday this week. The rise comes even as the broader market slipped sharply. This upward move reflects growing investor confidence in Delhivery's expansion strategy and its potential to lead in a consolidating logistics sector.

What Next?

Delhivery is preparing for a future built on scale, discipline and selective growth. It expects service EBITDA margins in the express parcel business to settle between 17% and 20%.

As cost pressures ease and efficiency improves, this margin goal looks achievable even without strong volume growth. The temporary rise in fleet costs seen in previous quarterly results has already started to correct. Fixed contracts for vehicles will help control future expenses.

The part truckload business remains a key focus. It is expected to grow at 25% to 30% in FY26. Delhivery is targeting untapped PTL markets, especially on reverse line haul routes. This will not only support growth but also improve margins.

The company aims to drive higher utilisation of its core network. It is already seeing better yields, with average per kilogram revenue up from Rs 10.3 to Rs 11.1 in the last several quarters.

Delhivery's rapid commerce rollout is limited in scale but important for presence. It plans to launch 50 dark stores in top cities and expects this vertical to contribute Rs 0.1 billion in revenue in the coming year. Though small, this business helps serve D2C clients more effectively.

In FY25, capital expenditure is expected to come in lower than 5.6% of revenue. Future capex will be limited to maintenance and minor upgrades. This indicates that most of the heavy lifting in infrastructure has been done. Utilisation of existing assets is expected to increase in the coming year, supporting profitability.

The company is closely watching industry consolidation. While it is not forcing any action, it is open to inorganic opportunities at the right time and value. It remains financially strong with Rs 54.9 bn in cash and equivalents.

All being said, investors should also evaluate corporate governance as a key factor when conducting due diligence before making investment decisions.

How Delhivery Share Price has Performed Recently

In the past five days, Delhivery share price is up 3.1%. In the last month, it is up 5.4%.

In 2025, so far its share price is down 22.7%. Additionally, it has nosedived 40.8% in the past one year.

The stock touched its 52-week high of Rs 478 on 12 April 2024 and a 52-week low of Rs 236.8 on 13 March 2025.

About Delhivery

Delhivery is an Indian logistics and supply chain company based in Gurgaon. It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati.

The company has over 85 fulfilment centres, 24 automated sort centres, 70 hubs, 7,500+ partner centres, and 3,000+ direct delivery centres as of 2021. About two-thirds of its revenue comes from providing third-party logistics and delivery services to e-commerce companies.

To know more about the company, check out its factsheet and quarterly results.

You can also compare Delhivery with its peers:

Delhivery vs Blue Dart

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Happy Investing!

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