Transport Services
Valuation | |
|---|---|
| Market Cap | 33.16 kCr |
| Price/Earnings (Trailing) | 217.28 |
| Price/Sales (Trailing) | 3.23 |
| EV/EBITDA | 37.09 |
| Price/Free Cashflow | 396.4 |
| MarketCap/EBT | 254.62 |
| Enterprise Value | 34.45 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 10.7% |
| Price Change 1M | 9.6% |
| Price Change 6M | -4.8% |
| Price Change 1Y | 37.1% |
| 3Y Cumulative Return | 13.5% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -103.61 Cr |
| Cash Flow from Operations (TTM) |
| Revenue (TTM) |
| 10.26 kCr |
| Rev. Growth (Yr) | 16.4% |
| Earnings (TTM) | 152.7 Cr |
| Earnings Growth (Yr) | 58.4% |
Profitability | |
|---|---|
| Operating Margin | 1% |
| EBT Margin | 1% |
| Return on Equity | 1.45% |
| Return on Assets | 1.09% |
| Free Cashflow Yield | 0.25% |
| Cash Flow from Financing (TTM) | -432.27 Cr |
| Cash & Equivalents | 355.46 Cr |
| Free Cash Flow (TTM) | 84.18 Cr |
| Free Cash Flow/Share (TTM) | 1.13 |
Balance Sheet | |
|---|---|
| Total Assets | 12.7 kCr |
| Total Liabilities | 3.17 kCr |
| Shareholder Equity | 9.53 kCr |
| Current Assets | 4.96 kCr |
| Current Liabilities | 1.74 kCr |
| Net PPE | 3.02 kCr |
| Inventory | 30.42 Cr |
| Goodwill | 2.31 kCr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.13 |
| Debt/Equity | 0.17 |
| Interest Coverage | -0.13 |
| Interest/Cashflow Ops | 5.31 |
Dividend & Shareholder Returns | |
|---|---|
| Shares Dilution (1Y) | 0.70% |
| Shares Dilution (3Y) | 2.7% |
Smart Money: Smart money has been increasing their position in the stock.
Momentum: Stock price has a strong positive momentum. Stock is up 9.6% in last 30 days.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Growth: Good revenue growth. With 32.9% growth over past three years, the company is going strong.
Size: Market Cap wise it is among the top 20% companies of india.
Dividend: Stock hasn't been paying any dividend.
Smart Money: Smart money has been increasing their position in the stock.
Momentum: Stock price has a strong positive momentum. Stock is up 9.6% in last 30 days.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Growth: Good revenue growth. With 32.9% growth over past three years, the company is going strong.
Size: Market Cap wise it is among the top 20% companies of india.
Dividend: Stock hasn't been paying any dividend.
Investor Care | |
|---|---|
| Shares Dilution (1Y) | 0.70% |
| Earnings/Share (TTM) | 2.04 |
Financial Health | |
|---|---|
| Current Ratio | 2.85 |
| Debt/Equity | 0.17 |
Technical Indicators | |
|---|---|
| RSI (14d) | 72.16 |
| RSI (5d) | 100 |
| RSI (21d) | 63.13 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Sell |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of Delhivery's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management's outlook for Delhivery is optimistic, highlighting a quarter of significant growth and operational success. For Q2 FY26, the company's revenue from services reached approximately Rs.2,546 crores, reflecting a substantial 16% year-over-year growth and an 11% sequential increase. EBITDA for the quarter stood at Rs.150 crores, translating to a margin of 5.9%, a notable increase from Rs.57 crores during the same quarter last year.
Key performance indicators include a 32% year-on-year growth in express parcel shipments, totaling 246 million shipments, and profitability, with a PAT of Rs.59 crores, marking a significant rise from Rs.10 crores last year. Cash reserves are healthy at Rs.4,200 crores, providing a strong foundation for future growth.
Management also outlined expectations for the integration costs related to the Ecom Express acquisition, which should total around Rs.300 crores. So far, Rs.90 crores have been accounted for in Q2, with an expectation of remaining costs distributed without exceeding the original estimate.
The outlook for express parcel service EBITDA margins remains positive, projected between 16% and 18% by the end of 2026, driven by volume growth and the reduced necessity to pass on cost reductions to customers due to improved competitive positioning. Management emphasizes that they remain on track to achieve these targets without solely relying on market growth, which is anticipated to range between 15% to 20%.
In terms of strategic initiatives, Delhivery is investing in rapid commerce and on-demand intercity services, with an investment of Rs.15 crores planned for these new ventures. Overall, management believes they are well-positioned for sustained growth, profitability, and successful integration of recent acquisitions, setting a strong tone heading into Q3 and beyond.
Understand Delhivery ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Svf Doorbell (Cayman) Ltd | 8.16% |
| Mirae Asset Large & Midcap Fund | 6.78% |
| Hdfc Mutual Fund - Hdfc Mid-Cap Fund | 5.51% |
| Sbi Equity Hybrid Fund | 5.5% |
| Nexus Ventures Iii Limited | 4.49% |
| Nippon Life India Trustee Ltd-A/C Nippon India Multi Cap Fund | 2.9% |
| Fedex Express Transportation And Supply Chain Services (I) Pvt. Ltd. |
Detailed comparison of Delhivery against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| BLUEDART | Blue Dart Express | 13.48 kCr | 6.07 kCr | +1.60% | -11.60% | 53.14 | 2.22 | - | - |
| TCI | Transport Corp of India | 8.45 kCr | 4.72 kCr |
Comprehensive comparison against sector averages
DELHIVERY metrics compared to Transport
| Category | DELHIVERY | Transport |
|---|---|---|
| PE | 215.64 | -430.66 |
| PS | 3.21 | 1.53 |
| Growth | 10.8 % | 5.9 % |
Delhivery Limited provides supply chain solutions to e-commerce marketplaces, direct-to-consumer e-tailers, enterprises, FMCG, consumer durables, consumer electronics, lifestyle, retail, automotive and manufacturing industries in India. The company offers logistics services, including express parcel delivery, heavy goods delivery, part truckload freight, truckload freight, warehousing supply chain solutions, cross-border express, and freight services; supply chain software; and e-commerce return services, payment collection and processing, and fraud detection services. Delhivery Limited was incorporated in 2011 and is based in Gurugram, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
DELHIVERY vs Transport (2023 - 2026)
Here are the summarized questions and answers from the Q&A section of the earnings call transcript:
Question: Can you elaborate on express parcel margins? Answer: Our normative margins in the express business remain 16% to 18%. With the Ecom Express acquisition, we expect incremental margins to potentially exceed 18%. However, Q2 margins remained constrained due to some shifted volumes and initial September costs. Over the next 24 months, with ongoing growth, we anticipate improving margins, likely reaching the 18% range and possibly beyond as we gain volume scale.
Question: Could you clarify the Rs. 300 crore integration cost envelope? Answer: The Rs. 300 crores was based on our initial assessments of real estate and integration needs. We've incurred Rs. 90 crores this quarter and expect about Rs. 100-110 crores more over the next two quarters. We now believe total integration costs will be lower than anticipated due to faster than expected consolidation of Ecom's network.
Question: What has driven the increase in supply chain margins from 7.2% to 12.8%? Answer: This improvement is structural, resulting from significant operational process enhancements and technology use. We prioritized profitability over growth, allowing us to invest in efficiency that has led to gear improvements in our supply chain services, boosting margins significantly over last year and optimizing performance.
Question: Is there an increase in demand post-GST cuts? Answer: Yes, we noted some positive impact on consumer demand due to GST cuts, especially in sectors like consumer durables during the festive period. However, the impact varies, with a notable uptick in certain categories amid overall increased volumes.
Question: What is the expected market growth rate for express parcel beyond this year? Answer: We expect the express market to grow at a rate of 15-20%. Delhivery aims to outpace that due to our improved cost structure and the reduced competitive intensity from acquisitions, allowing us to gain market share beyond general industry growth.
Question: What about PTL growth targets? Answer: Despite H1 achieving around 15% growth impacted by GST shifts, we anticipate returning to about 20% growth for the year, especially as the January-March period traditionally sees a surge in shipments. Our focus remains on improving yield while achieving that volume growth.
Question: How should we interpret current express parcel volume versus peak volumes? Answer: The daily average may seem lower due to fluctuations in shipment volume on different weekdays. High volumes are typical on Mondays while lower on weekends, making the network's capacity planning efficient without significant slack impacting profitability or costs.
Question: How does the market share look after acquiring Ecom Express? Answer: Our market share has increased from about 20% to around 27-30% following the Ecom acquisition. When excluding certain self-logistics competitors, our share could be over half the market, indicating strong growth and retention in our network.
Question: Is additional rent currently affecting your costs due to facilities from Ecom? Answer: Yes, we continue to incur some rent due to lock-in contracts; we expect most facilities to exit by the end of this financial year, alleviating this cost in future quarters.
This summary encapsulates key questions and responses while complying with your request for detail.
| 2.8% |
| Invesco India Focused Fund | 2.6% |
| Alpha Wave Ventures, Lp | 1.93% |
| Sahil Barua | 1.72% |
| The Master Trust Bank Of Japan, Ltd. As Trustee Of Hsbc India Infrastructure Equity Mother Fund | 1.6% |
| Baillie Gifford Emerging Markets Equities Fund | 1.58% |
| Steadview Capital Opportunities Pcc Cell 0221 009 | 1.52% |
| Suraj Saharan | 1.4% |
| Sundaram Mutual Fund A/C Sundaram Mid Cap Fund | 1.31% |
| Invesco Asian Equity Fund | 1.16% |
| Saudi Central Bank Re Far Eastequity Portfolio 5 | 1.12% |
| Franklin India Focused Equity Fund | 1.11% |
| Vanguard Total International Stock Index Fund | 1.06% |
| Icici Prudential Life Insurance Company Limited | 1.05% |
Distribution across major stakeholders
Distribution across major institutional holders
| +1.90% |
| +4.90% |
| 19.53 |
| 1.79 |
| - |
| - |
| MAHLOG | Mahindra Logistics | 3.59 kCr | 6.79 kCr | +14.10% | -1.30% | -109.68 | 0.53 | - | - |
| ALLCARGO | Allcargo Logistics | 1.01 kCr | 16.24 kCr | -10.20% | -74.20% | 29.34 | 0.06 | - | - |
| -5.3% |
| 37 |
| 39 |
| 34 |
| 34 |
| 33 |
| 31 |
| Depreciation and Amortization | 5.1% | 187 | 178 | 147 | 142 | 142 | 131 |
| Depreciation and Amortization | 5.1% | 187 | 178 | 147 | 142 | 142 | 131 |
| Other expenses | 5.9% | 2,187 | 2,066 | 1,793 | 1,735 | 1,920 | 1,783 |
| Other expenses | 5.9% | 2,187 | 2,066 | 1,793 | 1,735 | 1,920 | 1,783 |
| Total Expenses | 4.1% | 2,820 | 2,708 | 2,327 | 2,249 | 2,451 | 2,294 |
| Total Expenses | 4.1% | 2,820 | 2,708 | 2,327 | 2,249 | 2,451 | 2,294 |
| Profit Before exceptional items and Tax | 205.9% | 62 | -56.58 | 97 | 55 | 26 | 15 |
| Profit Before exceptional items and Tax | 205.9% | 62 | -56.58 | 97 | 55 | 26 | 15 |
| Exceptional items before tax | - | -27.36 | 0 | 0 | 0 | 0 | 0 |
| Exceptional items before tax | - | -27.36 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | 159% | 35 | -56.58 | 97 | 55 | 26 | 15 |
| Total profit before tax | 159% | 35 | -56.58 | 97 | 55 | 26 | 15 |
| Current tax | 14.1% | 0.15 | 0.01 | 0 | 0.52 | 0.21 | 0 |
| Current tax | 14.1% | 0.15 | 0.01 | 0 | 0.52 | 0.21 | 0 |
| Deferred tax | -8.8% | -3.06 | -2.73 | -1.37 | -1.35 | -1.39 | -1.58 |
| Deferred tax | -8.8% | -3.06 | -2.73 | -1.37 | -1.35 | -1.39 | -1.58 |
| Total tax | -4.8% | -2.91 | -2.73 | -1.37 | -0.84 | -1.18 | -1.58 |
| Total tax | -4.8% | -2.91 | -2.73 | -1.37 | -0.84 | -1.18 | -1.58 |
| Total profit (loss) for period | 175.7% | 40 | -50.49 | 91 | 73 | 25 | 10 |
| Total profit (loss) for period | 175.7% | 40 | -50.49 | 91 | 73 | 25 | 10 |
| Other comp. income net of taxes | -101.5% | 0.92 | 6.33 | 0.13 | 0.62 | 3.69 | 1.25 |
| Other comp. income net of taxes | -101.5% | 0.92 | 6.33 | 0.13 | 0.62 | 3.69 | 1.25 |
| Total Comprehensive Income | 188.6% | 41 | -44.16 | 91 | 73 | 29 | 11 |
| Total Comprehensive Income | 188.6% | 41 | -44.16 | 91 | 73 | 29 | 11 |
| Earnings Per Share, Basic | 72% | 0.53 | -0.68 | 1.22 | 0.97 | 0.34 | 0.14 |
| Earnings Per Share, Basic | 72% | 0.53 | -0.68 | 1.22 | 0.97 | 0.34 | 0.14 |
| Earnings Per Share, Diluted | 71.4% | 0.52 | -0.68 | 1.2 | 0.96 | 0.33 | 0.13 |
| Earnings Per Share, Diluted | 71.4% | 0.52 | -0.68 | 1.2 | 0.96 | 0.33 | 0.13 |
| 1,296 |
| 1,309 |
| 1,217 |
| 1,177 |
| Employee Expense | -1% | 1,296 | 1,309 | 1,217 | 1,177 |
| Finance costs | 42.5% | 125 | 88 | 86 | 94 |
| Finance costs | 42.5% | 125 | 88 | 86 | 94 |
| Depreciation and Amortization | -21.3% | 519 | 659 | 657 | 478 |
| Depreciation and Amortization | -21.3% | 519 | 659 | 657 | 478 |
| Other expenses | 10.1% | 6,569 | 5,967 | 5,828 | 5,196 |
| Other expenses | 10.1% | 6,569 | 5,967 | 5,828 | 5,196 |
| Total Expenses | 6% | 8,509 | 8,024 | 7,791 | 6,942 |
| Total Expenses | 6% | 8,509 | 8,024 | 7,791 | 6,942 |
| Profit Before exceptional items and Tax | 308.3% | 199 | -94.07 | -800.99 | -861.33 |
| Profit Before exceptional items and Tax | 308.3% | 199 | -94.07 | -800.99 | -861.33 |
| Exceptional items before tax | -17.3% | -86.85 | -73.9 | -11.31 | -2.19 |
| Exceptional items before tax | -17.3% | -86.85 | -73.9 | -11.31 | -2.19 |
| Total profit before tax | 166.3% | 113 | -167.97 | -812.3 | -863.52 |
| Total profit before tax | 166.3% | 113 | -167.97 | -812.3 | -863.52 |
| Total profit (loss) for period | 166.3% | 113 | -167.97 | -812.3 | -863.52 |
| Total profit (loss) for period | 166.3% | 113 | -167.97 | -812.3 | -863.52 |
| Other comp. income net of taxes | -43.8% | 3.04 | 4.63 | -0.89 | 0.96 |
| Other comp. income net of taxes | -43.8% | 3.04 | 4.63 | -0.89 | 0.96 |
| Total Comprehensive Income | 170% | 116 | -163.34 | -813.19 | -862.55 |
| Total Comprehensive Income | 170% | 116 | -163.34 | -813.19 | -862.55 |
| Earnings Per Share, Basic | 115.8% | 1.52 | -2.29 | -11.36 | 14.5 |
| Earnings Per Share, Basic | 115.8% | 1.52 | -2.29 | -11.36 | 14.5 |
| Earnings Per Share, Diluted | 114.9% | 1.49 | -2.29 | -11.36 | 14.5 |
| Earnings Per Share, Diluted | 114.9% | 1.49 | -2.29 | -11.36 | 14.5 |
| -20.4% |
| 4,463 |
| 5,610 |
| 5,518 |
| 5,612 |
| 5,833 |
| 6,636 |
| Inventories | 93.3% | 30 | 16 | 23 | 16 | 20 | 19 |
| Inventories | 93.3% | 30 | 16 | 23 | 16 | 20 | 19 |
| Total current assets | -18.1% | 4,761 | 5,813 | 5,770 | 5,794 | 6,045 | 6,786 |
| Total current assets | -18.1% | 4,761 | 5,813 | 5,770 | 5,794 | 6,045 | 6,786 |
| Property, plant and equipment | 8.9% | 2,702 | 2,481 | 1,109 | 930 | 817 | 791 |
| Property, plant and equipment | 8.9% | 2,702 | 2,481 | 1,109 | 930 | 817 | 791 |
| Capital work-in-progress | 175% | 89 | 33 | 19 | 29 | 152 | 22 |
| Capital work-in-progress | 175% | 89 | 33 | 19 | 29 | 152 | 22 |
| Goodwill | 0% | 16 | 16 | 16 | 16 | 16 | 16 |
| Goodwill | 0% | 16 | 16 | 16 | 16 | 16 | 16 |
| Non-current investments | 60.3% | 3,994 | 2,492 | 2,893 | 2,837 | 2,429 | 2,212 |
| Non-current investments | 60.3% | 3,994 | 2,492 | 2,893 | 2,837 | 2,429 | 2,212 |
| Loans, non-current | 0% | 97 | 97 | 120 | 131 | 140 | 116 |
| Loans, non-current | 0% | 97 | 97 | 120 | 131 | 140 | 116 |
| Total non-current financial assets | 37.5% | 4,739 | 3,447 | 3,930 | 3,807 | 3,533 | 2,665 |
| Total non-current financial assets | 37.5% | 4,739 | 3,447 | 3,930 | 3,807 | 3,533 | 2,665 |
| Total non-current assets | 24.4% | 8,229 | 6,617 | 6,590 | 6,050 | 5,457 | 4,716 |
| Total non-current assets | 24.4% | 8,229 | 6,617 | 6,590 | 6,050 | 5,457 | 4,716 |
| Total assets | 4.5% | 12,990 | 12,430 | 12,360 | 11,843 | 11,570 | 11,502 |
| Total assets | 4.5% | 12,990 | 12,430 | 12,360 | 11,843 | 11,570 | 11,502 |
| Borrowings, non-current | 82160.3% | 1,202 | 2.46 | 13 | 40 | 80 | 114 |
| Borrowings, non-current | 82160.3% | 1,202 | 2.46 | 13 | 40 | 80 | 114 |
| Total non-current financial liabilities | 5.5% | 1,202 | 1,139 | 1,070 | 881 | 80 | 645 |
| Total non-current financial liabilities | 5.5% | 1,202 | 1,139 | 1,070 | 881 | 80 | 645 |
| Provisions, non-current | 7.2% | 75 | 70 | 64 | 60 | 52 | 45 |
| Provisions, non-current | 7.2% | 75 | 70 | 64 | 60 | 52 | 45 |
| Total non-current liabilities | 5.6% | 1,277 | 1,209 | 1,134 | 941 | 666 | 690 |
| Total non-current liabilities | 5.6% | 1,277 | 1,209 | 1,134 | 941 | 666 | 690 |
| Borrowings, current | 666.7% | 277 | 37 | 67 | 85 | 91 | 84 |
| Borrowings, current | 666.7% | 277 | 37 | 67 | 85 | 91 | 84 |
| Total current financial liabilities | 22% | 1,489 | 1,221 | 1,332 | 1,152 | 1,217 | 1,141 |
| Total current financial liabilities | 22% | 1,489 | 1,221 | 1,332 | 1,152 | 1,217 | 1,141 |
| Provisions, current | -8.6% | 33 | 36 | 35 | 36 | 23 | 24 |
| Provisions, current | -8.6% | 33 | 36 | 35 | 36 | 23 | 24 |
| Total current liabilities | 19.3% | 1,628 | 1,365 | 1,459 | 1,283 | 1,331 | 1,241 |
| Total current liabilities | 19.3% | 1,628 | 1,365 | 1,459 | 1,283 | 1,331 | 1,241 |
| Total liabilities | 12.9% | 2,906 | 2,574 | 2,592 | 2,224 | 1,997 | 1,932 |
| Total liabilities | 12.9% | 2,906 | 2,574 | 2,592 | 2,224 | 1,997 | 1,932 |
| Equity share capital | 0% | 75 | 75 | 74 | 74 | 73 | 73 |
| Equity share capital | 0% | 75 | 75 | 74 | 74 | 73 | 73 |
| Total equity | 2.3% | 10,084 | 9,856 | 9,767 | 9,620 | 9,573 | 9,570 |
| Total equity | 2.3% | 10,084 | 9,856 | 9,767 | 9,620 | 9,573 | 9,570 |
| Total equity and liabilities | 4.5% | 12,990 | 12,430 | 12,360 | 11,843 | 11,570 | 11,502 |
| Total equity and liabilities | 4.5% | 12,990 | 12,430 | 12,360 | 11,843 | 11,570 | 11,502 |
| Net Cashflows From Operating Activities |
| 1.3% |
| Net Cashflows From Operating Activities | 1.3% |
| Cashflows used in obtaining control of subsidiaries | -50% |
| Cashflows used in obtaining control of subsidiaries | -50% |
| Proceeds from sales of PPE | -93.8% |
| Proceeds from sales of PPE | -93.8% |
| Purchase of property, plant and equipment | -5.9% |
| Purchase of property, plant and equipment | -5.9% |
| Proceeds from sales of long-term assets | -100% |
| Proceeds from sales of long-term assets | -100% |
| Purchase of other long-term assets | -100% |
| Purchase of other long-term assets | -100% |
| Cash receipts from repayment of advances and loans made to other parties | 110.7% |
| Cash receipts from repayment of advances and loans made to other parties | 110.7% |
| Interest received | -14.2% |
| Interest received | -14.2% |
| Other inflows (outflows) of cash | - |
| Other inflows (outflows) of cash | - |
| Net Cashflows From Investing Activities | 27.3% |
| Net Cashflows From Investing Activities | 27.3% |
| Proceeds from changes in ownership interests in subsidiaries | - |
| Proceeds from changes in ownership interests in subsidiaries | - |
| Proceeds from issuing shares | - |
| Proceeds from issuing shares | - |
| Proceeds from issuing other equity instruments | - |
| Proceeds from issuing other equity instruments | - |
| Payments of other equity instruments | -114.8% |
| Payments of other equity instruments | -114.8% |
| Proceeds from exercise of stock options | -122.5% |
| Proceeds from exercise of stock options | -122.5% |
| Proceeds from borrowings | -107.7% |
| Proceeds from borrowings | -107.7% |
| Repayments of borrowings | -2.3% |
| Repayments of borrowings | -2.3% |
| Payments of lease liabilities | 24.5% |
| Payments of lease liabilities | 24.5% |
| Interest paid | -50.1% |
| Interest paid | -50.1% |
| Other inflows (outflows) of cash | - |
| Other inflows (outflows) of cash | - |
| Net Cashflows from Financing Activities | -18.3% |
| Net Cashflows from Financing Activities | -18.3% |
| Net change in cash and cash eq. | -197.8% |
| Net change in cash and cash eq. | -197.8% |