Delhivery vs TCI Express: Share Price, Valuation and Results Compared

Delhivery Limited (NSE: DELHIVERY) and TCI Express Ltd (NSE: TCIEXP) are both listed in the Express Logistics industry. Delhivery has a market capitalisation of ₹30,618 Cr and TCI Express ₹1,892 Cr, as of 9 Nov 2026. Their P/E ratios are 204.4 and 23.3 respectively. Return on equity is 1.60% for Delhivery and 10.29% for TCI Express. Over one year, Delhivery's share price is down 8.3% and TCI Express's is down 29.2%.

Delhivery vs TCI Express — Key Figures

MetricDelhiveryTCI Express
NSE SymbolDELHIVERYTCIEXP
BSE Code543529540212
Share Price₹433.15₹480.20
Market Cap₹30,618 Cr₹1,892 Cr
P/E Ratio204.423.3
Return on Equity1.60%10.29%
Return on Assets-0.27%6.60%
Dividend Yield—2.84%
Beta (1Y)0.530.3
1-Year Price Change-8.3%-29.2%
3-Month Price Change-9.4%-12.1%
52-Week Range₹364.65 – ₹524.00₹447.55 – ₹645.00
Latest QuarterQ2 FY27Q2 FY27
Quarterly Revenue₹3,066 Cr₹338 Cr
Quarterly Net Profit₹41 Cr₹23 Cr
Net Margin1.3%6.9%
EPS (Basic, Quarter)₹0.54₹5.74
Results Basisconsolidatedconsolidated
HeadquartersGurugram, HaryanaGurugram, Haryana

The figures sit side by side and are not ranked. Quarterly figures are in ₹ crore, parsed from each company's exchange filing (XBRL); the two companies' latest quarters can differ.

About the Companies

Delhivery Limited

Delhivery Limited provides supply chain solutions in India. It offers express parcel services; part truckload services; supply chain services that provide integrated warehousing and transportation services; point-to-point and multi-point full-truckload services; and cross-border services comprising door-to-door and port-to-port parcel and freight shipping services. The company also provides Delhivery Rapid, a network of shared in-city forward fulfillment centers, as well as Delhivery Direct, an on-demand intra-city pickup and delivery service. In addition, it offers SaaS and data solutions, su…

TCI Express Ltd

TCI Express Limited provides express delivery solutions in India and internationally. It provides surface express; domestic and international air express; e-commerce express; C2C express; rail express; and cold chain express services. The company serves automotive and auto component, textile and lifestyle, consumer durables, pharmaceuticals and cold chain, engineering, retail, e-commerce, telecom, food processing, and defense and aerospace industries. The company was formerly known as TCI Properties (Pune) Limited. TCI Express Limited was founded in 1996 and is based in Gurugram, India.

Frequently Asked Questions

Which is larger by market cap, Delhivery or TCI Express?

Delhivery has a market capitalisation of ₹30,618 Cr, against ₹1,892 Cr for TCI Express as of 9 Nov 2026, about 16.2 times the size by market cap.

What is the P/E ratio of Delhivery and TCI Express?

Delhivery has a P/E of 204.4 and TCI Express a P/E of 23.3 as of 9 Nov 2026.

What is the return on equity of Delhivery and TCI Express?

Delhivery has a return on equity of 1.60% and TCI Express 10.29%.

How have Delhivery and TCI Express shares moved over one year?

Delhivery's share price is down 8.3% over one year and TCI Express's is down 29.2%.

What were the latest quarterly results of Delhivery and TCI Express?

Delhivery reported revenue of ₹3,066 Cr and net profit of ₹41 Cr for Q2 FY27. TCI Express reported revenue of ₹338 Cr and net profit of ₹23 Cr for Q2 FY27. Figures are parsed from each company's exchange filing.

Which industry are Delhivery and TCI Express in?

Both are classified under Logistics > Express Logistics on FinBizNet.

Is this comparison a recommendation to buy or sell Delhivery or TCI Express?

No. The page lays the two companies' published figures side by side and draws no conclusion from them. It is descriptive market data, not investment advice.

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Data as of 9 Nov 2026. Descriptive market data only — not investment advice.