Delhivery Limited DCF Valuation
DELHIVERY · Services · Current price ₹407.5
Delhivery Limited cash-flow valuation
Our residual income (excess return on book) values Delhivery Limited at ₹88 per share. Book value plus the present value of returns earned above the 10.6% cost of equity. It carries 60% of the weight in our published estimate of ₹88. A discounted cash flow is only as good as the cash-flow path it assumes, so the assumptions behind it are listed in full below.
Try your own assumptions
Prefer to build the discounted cash flow yourself? The DCF calculator below opens pre-filled with Delhivery Limited's reported free cash flow, net debt and share count, so you can set your own growth and discount rate.
How we got this fair value
Every number below is part of the same estimate for Delhivery Limited. Nothing here is a target price or a forecast of where the share price will go.
The inputs are thin or the models disagree sharply. This is our least reliable kind of estimate, so read the range rather than the single number.
Estimate range ₹79 – ₹97
Why this method for this business
Residual income and relative PE are most appropriate for Delhivery, an asset-light logistics provider with a durable moat. DCF is less suitable due to the cyclical nature of the sector and the difficulty in forecasting cash flows.
The models behind the number
Each method is weighted by how well its inputs held up for this company.
Book value plus the present value of returns earned above the 10.6% cost of equity
implied value is <0.2× the price (likely a data error)
- dcf: Not suitable for a cyclical logistics business with volatile cash flows
- book_value: Not relevant for an asset-light business
What was missing
- Lack of forward EPS data for precise residual income modeling
- Limited analyst coverage for relative PE normalization
What drives it
5 inputs, grouped by how strong each claim is
- ROE (normalized)
- -2.7%
- Book value / share
- 129 ₹
computed
reported
- Cost of equity
- 10.6%
building-block
- Moat
- None
- Excess-return horizon
- 3 yrs
computed
computed
Who computed this
A language model (qwen3:8b) selects the valuation method and the judgement inputs for Delhivery Limited: which models suit the business, the moat, the growth and margin assumptions. It does not produce the number. The fair value itself is computed in Python by a deterministic engine (version 2026.08.1) from those inputs, so the same inputs always give the same result and every figure above can be traced to a source.
Estimated 14 Sept 2026. Re-run as new financials and news arrive.
How we value stocks
We estimate what a business is worth from its own economics: cash flows, returns on capital, and a multiple justified by its quality, rather than from where the share price has been. A fair value estimate is a view, not a verdict, and it is only as good as the inputs listed above.
Read the full fair-value methodologyMore on Delhivery Limited
DocStoX estimates are computed from reported financials, for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.