Delhivery hits 52-wk high, +7%; JM Fin sees 20% upside on FY27 margin story
Shares touched ₹491.70 as JM Financial reiterated Buy with a ₹605 target. Post Ecom Express acquisition, the 3PL market consolidates into a duopoly with Shadowfax. Brokerage models 25% YoY FY27 revenue growth and EBITDA margin expansion of 370bps to 6.7%. Q4FY26 PAT came in at ₹72.39 cr on total income of ₹2,909 cr (+26.31% YoY).
Delhivery shares hit a 52-week high, up 7%, as JM Financial reiterated Buy with ₹605 target. Post Ecom Express acquisition, the 3PL market is a duopoly with Shadowfax; brokerage expects 25% revenue growth and sharp FY27 margin expansion.
Why this matters
Adds to a bullish brokerage chorus flagging FY27 as Delhivery's inflection year with 26-32% upside targets, while the company also expands beyond logistics into AI-native maps.
Retail-company signals steady at 3,433 over the last 90 days.