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Logistics — 3PL
E-comm last-mile + parcel + SCM
Delhivery is the only listed pure-play 3PL. Express logistics (Blue Dart, TCI Express) under structural pressure from in-house fleets at large players.
GMV $14B+15% YoYCapex: HighReg risk: Low
Listed pureplays
D
Delhivery
BDELHIVERY · Mid Cap
₹28.0K Cr·1Y 5%
Hold
BD
Blue Dart Express
B+BLUEDART · Mid Cap
₹16.0K Cr·1Y -2%
Hold
TE
TCI Express
BTCIEXP · Small Cap
₹3.3K Cr·1Y -28%
Sell / Avoid
TC
Transport Corp of India
B+TCI · Small Cap
₹9.8K Cr·1Y 8%
Hold / Watchlist
ML
Mahindra Logistics
DMAHLOG · Small Cap
₹2.5K Cr·1Y -32%
Sell / Avoid
VL
VRL Logistics
BVRLLOG · Small Cap
₹4.5K Cr·1Y -10%
Sell / Avoid
AL
Allcargo Logistics
CALLCARGO · Small Cap
₹3.2K Cr·1Y -22%
Sell / Avoid
GD
Gateway Distriparks
BGATEWAY · Small Cap
₹4.5K Cr·1Y -8%
Hold
CC
Container Corp of India
B+CONCOR · Large Cap
₹51.0K Cr·1Y -12%
Hold