Delhivery Limited Intrinsic Value
DELHIVERY · Services · Current price ₹407.5
Is Delhivery Limited undervalued?
We estimate the fair value of Delhivery Limited at ₹88 per share, against a market price of ₹439. That puts the share price about -80.0% above our estimate, at low confidence. This is our view of what the business is worth, not a target price or a forecast of where the share price will go.
How this fair value is calculated
This estimate comes from 1 method: Residual income (excess return on book) (₹88). Each is weighted by how well its inputs held up for this company. The full working, including the assumptions and what data was missing, is set out below.
The range around this estimate
Our estimate for Delhivery Limited spans ₹79 to ₹97. That range is wide, which is the honest signal here: read the range rather than the single number. A margin of safety means buying meaningfully below the estimate: the wider the range, the more room the assumptions leave for error.
Margin of safety
Value investors look for a margin of safety: a discount to estimated value that absorbs being wrong. At ₹439 against an estimated value of ₹88, Delhivery Limited trades at -80.0%, i.e. a premium to our estimate. How much margin to demand depends on how much you trust the inputs, which is what the confidence band below is for.
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.