{"id":68325,"date":"2026-04-09T12:21:48","date_gmt":"2026-04-09T06:51:48","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=68325"},"modified":"2026-04-09T12:22:32","modified_gmt":"2026-04-09T06:52:32","slug":"why-is-delhivery-share-price-falling","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/","title":{"rendered":"Why Is Delhivery Share Price Falling? Key Reasons And Share Price Target"},"content":{"rendered":"<p>Delhivery is trading at Rs 285, down -36% from its 52-week high of Rs 480. The sustained decline in the Delhivery share price reflects a combination of company-specific headwinds, sector pressures, and the broader macro overhang from the US 26% reciprocal tariff on Indian goods announced on April 2, 2026. This article explains every key reason behind the Delhivery share price falling and provides a structured share price target for 2026.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#About_Delhivery\" title=\"About Delhivery\">About Delhivery<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Why_Is_Delhivery_Share_Price_Falling_Key_Reasons\" title=\"Why Is Delhivery Share Price Falling? Key Reasons\">Why Is Delhivery Share Price Falling? Key Reasons<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#1_Express_Parcel_Volumes_Growing_Below_Guidance\" title=\"1. Express Parcel Volumes Growing Below Guidance\">1. Express Parcel Volumes Growing Below Guidance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#2_B2B_Freight_Business_Ramp_Slower_Than_Expected\" title=\"2. B2B Freight Business Ramp Slower Than Expected\">2. B2B Freight Business Ramp Slower Than Expected<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#3_Ecom_Express_Bankruptcy_Creates_Pricing_Uncertainty\" title=\"3. Ecom Express Bankruptcy Creates Pricing Uncertainty\">3. Ecom Express Bankruptcy Creates Pricing Uncertainty<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#4_Profitability_Still_Elusive_%E2%80%94_PAT_Losses_Continue\" title=\"4. Profitability Still Elusive \u2014 PAT Losses Continue\">4. Profitability Still Elusive \u2014 PAT Losses Continue<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#5_FII_De-allocation_From_Unprofitable_Logistics_Tech\" title=\"5. FII De-allocation From Unprofitable Logistics Tech\">5. FII De-allocation From Unprofitable Logistics Tech<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Delhivery_Latest_News_That_Impacted_the_Stock\" title=\"Delhivery Latest News That Impacted the Stock\">Delhivery Latest News That Impacted the Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Financial_Performance_Analysis\" title=\"Financial Performance Analysis\">Financial Performance Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Technical_Signals_What_the_Charts_Are_Saying\" title=\"Technical Signals: What the Charts Are Saying\">Technical Signals: What the Charts Are Saying<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Market_Sentiment_Institutional_Positioning\" title=\"Market Sentiment &amp; Institutional Positioning\">Market Sentiment &amp; Institutional Positioning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Future_Outlook_Can_Delhivery_Recover\" title=\"Future Outlook: Can Delhivery Recover?\">Future Outlook: Can Delhivery Recover?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Delhivery_Share_Price_Target\" title=\"Delhivery Share Price Target\">Delhivery Share Price Target<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Short-Term_Target_3%E2%80%936_Months\" title=\"Short-Term Target (3\u20136 Months)\">Short-Term Target (3\u20136 Months)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#12-Month_Analyst_Target\" title=\"12-Month Analyst Target\">12-Month Analyst Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Long-Term_Target_2027%E2%80%932028\" title=\"Long-Term Target (2027\u20132028)\">Long-Term Target (2027\u20132028)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Q1_Why_is_Delhivery_share_price_falling\" title=\"Q1. Why is Delhivery share price falling?\">Q1. Why is Delhivery share price falling?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Q2_What_is_the_Delhivery_share_price_target_for_2026\" title=\"Q2. What is the Delhivery share price target for 2026?\">Q2. What is the Delhivery share price target for 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Q3_Is_Delhivery_profitable\" title=\"Q3. Is Delhivery profitable?\">Q3. Is Delhivery profitable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Q4_What_happened_to_Ecom_Express\" title=\"Q4. What happened to Ecom Express?\">Q4. What happened to Ecom Express?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Q5_What_is_Delhiverys_revenue_mix\" title=\"Q5. What is Delhivery&#8217;s revenue mix?\">Q5. What is Delhivery&#8217;s revenue mix?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Q6_What_is_Delhiverys_promoter_holding\" title=\"Q6. What is Delhivery&#8217;s promoter holding?\">Q6. What is Delhivery&#8217;s promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Q7_What_could_trigger_Delhiverys_share_price_recovery\" title=\"Q7. What could trigger Delhivery&#8217;s share price recovery?\">Q7. What could trigger Delhivery&#8217;s share price recovery?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Q8_When_did_Delhivery_list_and_at_what_price\" title=\"Q8. When did Delhivery list and at what price?\">Q8. When did Delhivery list and at what price?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/why-is-delhivery-share-price-falling\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Delhivery\"><\/span><strong>About Delhivery<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/user\/log-in\">Click Here \u2013 Get Free Investment Predictions<\/a><\/p><p>Delhivery (NSE: DELHIVERY) is a leading listed company in the Logistics Tech sector with a market capitalisation of Rs 20,700 Cr. The stock trades at approximately N\/A P\/E and 2.8x price-to-book. Its 52-week range is Rs 260 to Rs 480, and the current price of Rs 285 sits near the lower end of that range.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Is_Delhivery_Share_Price_Falling_Key_Reasons\"><\/span><strong>Why Is Delhivery Share Price Falling? Key Reasons<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/user\/log-in\">Tap to Access Best Research Pieces on Univest<\/a><\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Express_Parcel_Volumes_Growing_Below_Guidance\"><\/span><strong>1. Express Parcel Volumes Growing Below Guidance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Delhivery had guided for express parcel volume growth of 20%+ for FY26. The actual growth rate has been closer to 12-15%, driven by social commerce and quick commerce platforms replacing some of the traditional ecommerce parcels that Delhivery serves. The volume miss has compressed scale benefits and slowed the path to sustained profitability.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_B2B_Freight_Business_Ramp_Slower_Than_Expected\"><\/span><strong>2. B2B Freight Business Ramp Slower Than Expected<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Delhivery&#8217;s Part Truckload (PTL) freight business was supposed to be a key profitability driver in FY26, with improving EBITDA per tonne as volumes scaled. Actual ramp has been slower \u2014 enterprise customers have been cautious about switching logistics partners in an uncertain macro environment, and the promised network density has taken longer to translate into pricing power.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Ecom_Express_Bankruptcy_Creates_Pricing_Uncertainty\"><\/span><strong>3. Ecom Express Bankruptcy Creates Pricing Uncertainty<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Ecom Express&#8217;s bankruptcy \u2014 driven by exactly the pricing war that Delhivery participates in \u2014 signals that the logistics express market is not in a healthy equilibrium. While Delhivery is competitively stronger than Ecom Express, the closure creates uncertainty about whether pricing pressure will intensify as Ecom Express&#8217;s volume gets redistributed among surviving players.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Profitability_Still_Elusive_%E2%80%94_PAT_Losses_Continue\"><\/span><strong>4. Profitability Still Elusive \u2014 PAT Losses Continue<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Despite being listed since May 2022, Delhivery has not reported a positive PAT quarter as of Q3 FY26. The market is losing patience with the &#8216;path to profitability&#8217; story that has been extended multiple times. The PAT loss narrowed to Rs -2 crore in Q3 FY26, but investors who bought at the Rs 400-480 IPO range have seen 40% of their capital erode.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_FII_De-allocation_From_Unprofitable_Logistics_Tech\"><\/span><strong>5. FII De-allocation From Unprofitable Logistics Tech<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Delhivery&#8217;s FII holding at 35.2% is very high for an unprofitable company. As global risk appetite contracts \u2014 particularly from the US tariff-triggered emerging market de-allocation in April 2026 \u2014 FII investors are rotating out of high-valuation loss-making tech and logistics names first. This creates a disproportionate price impact.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Delhivery_Latest_News_That_Impacted_the_Stock\"><\/span><strong>Delhivery Latest News That Impacted the Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>Q3 FY26 results (January 2026): <\/strong>Revenue Rs 2,385 crore (+9% YoY). EBITDA Rs 138 crore (5.8%). PAT of Rs -2 crore \u2014 barely at breakeven. Market disappointed.<\/p><p><strong>February 2026: <\/strong>Ecom Express shuts down operations after failing to raise funds \u2014 this is a negative for sector sentiment, signalling logistics price wars.<\/p><p><strong>March 2026: <\/strong>Meesho reduces fulfilment partner mix \u2014 Delhivery loses some Meesho volume to Ekart (Flipkart logistics).<\/p><p><strong>April 2026: <\/strong>FII selling in unprofitable tech and logistics stocks. Delhivery re-tests 52-week lows.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financial_Performance_Analysis\"><\/span><strong>Financial Performance Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Delhivery&#8217;s quarterly numbers provide important context for the share price decline. The table below highlights key metrics versus the year-ago quarter.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Metric<\/strong><\/td><td><strong>Latest Quarter<\/strong><\/td><td><strong>Year-Ago Quarter<\/strong><\/td><td><strong>YoY Change<\/strong><\/td><\/tr><tr><td>Revenue<\/td><td>Rs 2,385 Cr<\/td><td>Rs 2,188 Cr<\/td><td>+9.0%<\/td><\/tr><tr><td>EBITDA<\/td><td>Rs 138 Cr<\/td><td>Rs 124 Cr<\/td><td>+11.3%<\/td><\/tr><tr><td>EBITDA Margin<\/td><td>5.8%<\/td><td>5.7%<\/td><td>+10 bps<\/td><\/tr><tr><td>PAT<\/td><td>Rs -2 Cr<\/td><td>Rs -22 Cr<\/td><td>Improving<\/td><\/tr><\/tbody><\/table><\/figure><p>If you want to track Delhivery&#8217;s financial metrics in real time, check the <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technical_Signals_What_the_Charts_Are_Saying\"><\/span><strong>Technical Signals: What the Charts Are Saying<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Delhivery is trading at Rs 285, near its 52-week low of Rs 260. The stock has lost approximately 40% from its IPO price of Rs 479. Support at Rs 260-265. Resistance at Rs 320-340.<\/p><p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Delhivery&#8217;s live price.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_Sentiment_Institutional_Positioning\"><\/span><strong>Market Sentiment &amp; Institutional Positioning<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Promoter holding at 29.4% \u2014 relatively low for a growth company. FII holding at 35.2% is the key risk \u2014 high institutional ownership in a loss-making company creates vulnerability to risk-off de-allocation. DII at 23.8% has been absorbing some selling.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Future_Outlook_Can_Delhivery_Recover\"><\/span><strong>Future Outlook: Can Delhivery Recover?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Delhivery&#8217;s long-term thesis \u2014 becoming India&#8217;s FedEx \u2014 remains intact. The surface transport network is genuinely valuable and would be expensive to replicate. Scale benefits from PTL freight will accrue over the next 2-3 years. The contrarian view: at Rs 285 and 2.8x P\/B on a loss-making business, there is no margin of safety if profitability keeps being deferred.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Delhivery_Share_Price_Target\"><\/span><strong>Delhivery Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/user\/log-in\">Subscribe to Univest Pro for Premium Stock Research and F&amp;O Setups<\/a><\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Short-Term_Target_3%E2%80%936_Months\"><\/span><strong>Short-Term Target (3\u20136 Months)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Support and short-term range: Rs 260-300. The stock may remain in this band while near-term headwinds persist.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"12-Month_Analyst_Target\"><\/span><strong>12-Month Analyst Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The 12-month analyst consensus for Delhivery is Rs 340-400, implying meaningful recovery potential from Rs 285.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Long-Term_Target_2027%E2%80%932028\"><\/span><strong>Long-Term Target (2027\u20132028)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>In a recovery scenario, the FY28 long-term target is Rs 480-600. Track live on <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Delhivery share price falling -36% from Rs 480 reflects sector headwinds and stock-specific pressures. The 12-month analyst consensus of Rs 340-400 implies recovery potential. Short-term support is Rs 260-300. For more analysis, visit<\/p><p><a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a><\/p><p><strong>Disclaimer: <\/strong>This article is for informational purposes only. Please conduct your own research and consult a SEBI-registered financial advisor before making any investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q1_Why_is_Delhivery_share_price_falling\"><\/span><strong>Q1. Why is Delhivery share price falling?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Delhivery&#8217;s share price is falling due to express parcel volume growth of 12-15% missing 20%+ guidance, B2B freight scaling slower than expected, Ecom Express bankruptcy signalling unhealthy pricing environment, continued PAT losses, and FII de-allocation from unprofitable logistics tech names.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q2_What_is_the_Delhivery_share_price_target_for_2026\"><\/span><strong>Q2. What is the Delhivery share price target for 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The 12-month analyst consensus is Rs 340-400. MOFSL targets Rs 380, YES Securities targets Rs 400. Short-term support is Rs 260-265.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q3_Is_Delhivery_profitable\"><\/span><strong>Q3. Is Delhivery profitable?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Delhivery reported a PAT of Rs -2 crore in Q3 FY26 \u2014 barely at breakeven. The company has not reported a positive PAT quarter since its May 2022 IPO. EBITDA is positive at 5.8% but full profitability remains a FY27-FY28 story.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q4_What_happened_to_Ecom_Express\"><\/span><strong>Q4. What happened to Ecom Express?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Ecom Express, a B2B express logistics player, shut down operations in early 2026 after failing to raise fresh funds. The closure reflects the intense pricing pressure in Indian logistics \u2014 the same pressure that makes Delhivery&#8217;s profitability path challenging.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q5_What_is_Delhiverys_revenue_mix\"><\/span><strong>Q5. What is Delhivery&#8217;s revenue mix?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Delhivery&#8217;s revenue is approximately 60% express parcel delivery (D2C and ecommerce), 25% Part Truckload (PTL) freight, and 15% supply chain services and warehousing.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q6_What_is_Delhiverys_promoter_holding\"><\/span><strong>Q6. What is Delhivery&#8217;s promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Promoter holding is 29.4% \u2014 relatively low for a growth company. FII holding at 35.2% is the major float holder.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q7_What_could_trigger_Delhiverys_share_price_recovery\"><\/span><strong>Q7. What could trigger Delhivery&#8217;s share price recovery?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>A sustained positive PAT quarter, PTL freight EBITDA margin crossing 8%, Meesho volume returning, and macro recovery in ecommerce GMV growth would all be positive catalysts.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q8_When_did_Delhivery_list_and_at_what_price\"><\/span><strong>Q8. When did Delhivery list and at what price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Delhivery listed on BSE\/NSE in May 2022 at Rs 479 per share. The current price of Rs 285 represents approximately a 40% decline from the IPO listing price.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/indian-oil-corporation-q4-results-2026\">Indian Oil Corporation Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/gujarat-gas-q4-results-2026\">Gujarat Gas Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/indus-towers-q4-results-2026\">Indus Towers Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/adani-total-gas-q4-results-2026\">Adani Total Gas Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/adani-enterprises-q4-results-2026\">Adani Enterprises Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Delhivery is trading at Rs 285, down -36% from its 52-week high of Rs 480. The sustained decline in the Delhivery share price reflects a combination of company-specific headwinds, sector pressures, and the broader macro overhang from the US 26% reciprocal tariff on Indian goods announced on April 2, 2026. This article explains every key<\/p>\n","protected":false},"author":29,"featured_media":68338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3818],"class_list":["post-68325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-share-price-falling"],"metadata":{"_edit_lock":["1775717581:29"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["80"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["Why Is Delhivery Share Price Falling? 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Ecommerce parcel slowdown, EBITDA barely positive, Blue Dart competition, and FII de-allocation from unprofitable logistics tech. 2026."],"rank_math_focus_keyword":["Delhivery Share 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