Delhivery Block Deal Worth ₹461 Crore: What it Means for Investors and the Future of Indian Logistics
On June 26, 2025, shares of Delhivery Ltd traded flat despite a significant block deal involving 1.19 crore shares worth ₹461 crore executed at ₹388 per share—just below its previous close of ₹388.15. This massive transaction reflects growing institutional interest in one of India’s top logistics companies, even amid sectoral challenges and evolving market dynamics.
📊 What Happened in the Delhivery Block Deal?
A large trade involving nearly ₹461 crore worth of Delhivery shares was executed in the block deal window. Priced at ₹388 per share, the deal slightly discounted the previous session's closing price. The identities of the buyers and sellers remain undisclosed, but such volume indicates a possible institutional reshuffle.
Despite the size of the transaction, Delhivery stock remained stable, trading at ₹388.85 (+0.2%) on the NSE as of 9:25 a.m. This suggests market participants have absorbed the deal without panic or exuberance, showing confidence in the company’s long-term potential.
📦 About Delhivery Ltd: India’s Logistics Powerhouse
Founded in 2011, Delhivery Ltd is India’s largest and fastest-growing fully integrated logistics services provider. The company offers:
- Express parcel & heavy goods delivery
- Part-Truck Load (PTL) & Truckload (TL) freight
- Warehousing & supply chain solutions
- Cross-border express & air freight services
- Advanced logistics software & data intelligence tools
With a network reach of 18,783 pin codes, 112 gateways, and over 67,000 team members, Delhivery handles more than 7 million shipments daily. Its asset-light model, supported by a large network of partners, makes it scalable and cost-efficient.
🤝 Strategic Move: Delhivery to Acquire 99.4% Stake in Ecom Express
On June 17, 2025, Delhivery secured CCI approval to acquire a 99.4% stake in rival logistics firm Ecom Express for up to ₹1,407 crore. The acquisition aims to:
- Improve asset utilization
- Boost shipment volumes
- Cut overlapping operational costs
- Strengthen market share without major integration challenges
This marks another strategic milestone following its 2021 acquisition of SpotOn Logistics, which initially faced integration hurdles.
📉 What’s Affecting Delhivery’s Stock Performance?
According to Macquarie, a global brokerage firm, the recent weakness in Delhivery’s share price is largely due to industry shifts, especially after Meesho (a major client) began internalizing its logistics operations. However, Macquarie remains bullish and maintains an ‘Outperform’ rating with a target price of ₹380.
“Despite near-term challenges, we believe Delhivery is well-positioned in a winner-takes-all logistics landscape,” said Macquarie.
💰 Delhivery’s Financials: Q3 FY25 Snapshot
- Net Profit: ₹25 crore (up 114% YoY)
- Revenue: ₹2,378 crore (up 8% YoY)
The numbers show improving profitability, despite ongoing cost pressures from network expansion and hiring. This financial resilience underpins investor confidence and interest in large block deals.
🚛 Business Segments Breakdown
- Express Parcel Services: 58.7% of revenue; 740 million parcels in FY24
- PTL Freight Services: 20% of revenue; B2B mid-mile logistics
- Truckload (Orion Platform): 7.2% of revenue; centralized freight matching
- Supply Chain Services: 11.9% of revenue; warehousing + tech integration
- Cross-Border Services: 2% of revenue; Starfleet platform for global freight
🏗️ Infrastructure and Tech Investments
In FY24, Delhivery invested ₹601 crore in automation, mega-gateways like Bhiwandi (1.2 million sq. ft.), and expanded its Medchal (Hyderabad) hub to handle 140,000 bags/day. These upgrades are essential to managing growing e-commerce and B2B shipment volumes.
📈 Why Investors Should Watch Delhivery
- Leadership in 3PL Logistics with scalable tech-first operations
- Acquisition-led growth with Ecom Express deal
- Operational leverage driving higher margins
- Data intelligence & automation for real-time decisions
- Widening moat in a fragmented logistics market
With its asset-light model, expanding tech infrastructure, and dominant market share, Delhivery is on track to become the undisputed logistics leader in India. The ₹461 crore block deal only reinforces investor conviction in its long-term growth story.
🗞️ Key Highlights from Delhivery News
- 🔹 A block deal worth ₹461 crore was executed on June 26, 2025, involving 1.19 crore Delhivery shares at ₹388 per share.
- 🔹 The transaction occurred at a slight discount to the previous close of ₹388.15, showing continued institutional interest.
- 🔹 Delhivery shares traded flat post-deal, reflecting market confidence despite the size of the transaction.
- 🔹 The company recently received CCI approval to acquire a 99.4% stake in rival Ecom Express for ₹1,407 crore.
- 🔹 The acquisition is expected to improve asset utilization, boost shipment volumes, and reduce redundant operational costs.
- 🔹 Macquarie retained an ‘Outperform’ rating with a ₹380 target, citing long-term growth potential despite near-term volatility.
- 🔹 In Q3 FY25, Delhivery reported a 114% YoY jump in net profit to ₹25 crore, with revenue rising 8% to ₹2,378 crore.
📢 Disclaimer:
This blog is for informational purposes only and should not be considered financial advice. Investors must conduct their own research or consult a financial advisor before making investment decisions.
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