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Blue Dart Express Overview

Blue Dart Express Ltd is engaged inside the enterprise of integrated air and ground transportation and distribution of time sensitive applications to various locations, mainly inside India. Its generation-based commercial enterprise offerings comprises TrackDart, MailDart, MobileDart, InternetDart, ShopTrack, PackTrack, ShipDart, Billing, Schedule a pickup, Waybill Generation, Location Finder, Transit Time Finder, Price Finder, Cosmat II, SMART, ImageDart. It presents carrier guides, which consist of Domestic Priority, Dart Apex, Dart Surfaceli...Read More

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Blue Dart Express Key Financials

Market Cap ₹12794 Cr.

Stock P/E 50.7

P/B 7.8

Current Price ₹5392

Book Value ₹ 687.5

Face Value 10

52W High ₹7928

Dividend Yield 0.46%

52W Low ₹ 5355

Blue Dart Express Share Price

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Volume
Price

Blue Dart Express Quarterly Price

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Blue Dart Express Peer Comparison

Blue Dart Express Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 1238 1324 1383 1323 1343 1448 1512 1417 1442 1549
Other Income 10 5 24 11 9 9 12 12 10 10
Total Income 1248 1330 1407 1334 1352 1457 1524 1430 1452 1559
Total Expenditure 1047 1102 1170 1097 1141 1230 1272 1204 1246 1297
Operating Profit 201 228 238 237 211 227 251 225 205 262
Interest 19 20 20 19 21 21 21 20 19 22
Depreciation 99 111 111 113 118 121 121 124 121 131
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 82 98 108 105 72 85 109 81 66 109
Provision for Tax 21 25 19 27 19 22 28 26 17 28
Profit After Tax 61 73 89 78 53 63 81 55 49 81
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 61 73 89 78 53 63 81 55 49 81
Adjusted Earnings Per Share 25.8 30.8 37.5 32.8 22.5 26.5 34.1 23.2 20.6 34.3

Blue Dart Express Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2272 2563 2690 2799 3174 3175 3288 4410 5172 5268 5720 5920
Other Income 25 35 26 21 21 16 23 31 32 53 42 44
Total Income 2297 2598 2716 2820 3195 3191 3311 4442 5205 5321 5762 5965
Total Expenditure 2048 2157 2348 2448 2890 2701 2605 3411 4235 4417 4848 5019
Operating Profit 249 441 368 372 305 490 707 1031 970 904 915 943
Interest 11 43 45 41 43 117 111 87 67 78 82 82
Depreciation 44 102 104 114 128 347 430 395 394 433 485 497
Exceptional Income / Expenses 0 0 0 0 0 -64 -26 -36 0 0 0 0
Profit Before Tax 194 296 219 217 134 -39 140 512 508 393 347 365
Provision for Tax 67 99 79 72 44 3 38 130 138 92 95 99
Profit After Tax 127 197 140 145 90 -42 102 382 371 301 252 266
Adjustments 2 -1 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 129 196 140 145 90 -42 102 382 371 301 252 266
Adjusted Earnings Per Share 54.5 82.7 58.9 61 37.8 -17.6 42.9 161.1 156.1 126.8 106.4 112.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 9% 9% 12% 10%
Operating Profit CAGR 1% -4% 13% 14%
PAT CAGR -16% -13% 0% 7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -31% -11% 7% -3%
ROE Average 17% 26% 30% 28%
ROCE Average 25% 34% 36% 31%

Blue Dart Express Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 307 382 429 532 578 491 592 872 1180 1367 1559
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 332 392 310 309 425 410 245 0 250 0 200
Other Non-Current Liabilities 403 582 605 657 698 1473 1484 1525 1291 1277 1354
Total Current Liabilities 324 390 617 641 787 944 1291 1273 1116 1491 1318
Total Liabilities 1366 1746 1961 2139 2488 3317 3611 3670 3836 4136 4431
Fixed Assets 216 453 471 518 654 1665 1583 1437 1437 1823 1814
Other Non-Current Assets 614 613 753 881 970 931 948 1157 1339 1027 1114
Total Current Assets 537 680 737 740 863 721 1080 1076 1060 1286 1503
Total Assets 1366 1746 1961 2139 2488 3317 3611 3670 3836 4136 4431

Blue Dart Express Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 106 167 284 249 224 266 98 84 183 94 165
Cash Flow from Operating Activities 153 361 225 317 243 364 750 860 717 847 735
Cash Flow from Investing Activities 32 -149 -228 -190 -280 -193 -529 11 -514 -375 -300
Cash Flow from Financing Activities -126 -95 -33 -152 79 -340 -235 -772 -291 -401 -434
Net Cash Inflow / Outflow 60 118 -36 -25 42 -169 -14 99 -89 71 2
Closing Cash & Cash Equivalent 166 284 249 224 266 98 84 183 94 165 166

Blue Dart Express Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 54.5 82.69 58.93 60.98 37.83 -17.64 42.9 161.07 156.14 126.85 106.37
CEPS(Rs) 71.97 125.95 102.65 109.21 91.72 128.73 224.11 327.68 322.38 309.26 310.73
DPS(Rs) 20 30 15 12.5 12.5 0 15 60 30 25 25
Book NAV/Share(Rs) 129.47 160.92 180.97 224.1 243.44 206.83 249.44 367.35 496.8 575 655.28
Core EBITDA Margin(%) 9.87 15.85 12.71 12.53 8.94 14.92 20.78 22.66 18.12 16.15 15.25
EBIT Margin(%) 9.03 13.23 9.82 9.2 5.57 2.46 7.63 13.59 11.12 8.94 7.51
Pre Tax Margin(%) 8.54 11.54 8.15 7.75 4.22 -1.23 4.25 11.62 9.83 7.45 6.07
PAT Margin (%) 5.6 7.68 5.2 5.17 2.83 -1.32 3.1 8.67 7.16 5.71 4.41
Cash Profit Margin (%) 7.52 11.66 9.06 9.26 6.85 9.62 16.17 17.63 14.79 13.93 12.89
ROA(%) 9.74 12.65 7.54 7.06 3.88 -1.44 2.94 10.5 9.87 7.55 5.89
ROE(%) 26.77 57.13 34.47 30.11 16.18 -7.84 18.81 52.23 36.14 23.67 17.29
ROCE(%) 32.01 47.85 31.15 27.59 16.86 7.21 22.71 53.06 45.98 30.85 25.41
Receivable days 44.79 41.42 44.2 51.04 52.49 58.57 58.06 45.43 42.93 45.28 46.47
Inventory Days 0.54 1.78 3.1 3 2.72 3.05 3.26 2.76 2.62 3.16 3.3
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 133.42 73.36 87.85 61.94 94.71 0 129.95 42.49 39.73 48.72 57.76
Price/Book(x) 56.16 37.7 28.61 16.85 14.72 10.51 22.35 18.63 12.49 10.75 9.38
Dividend Yield(%) 0.28 0.49 0.29 0.33 0.35 0 0.27 0.88 0.48 0.4 0.41
EV/Net Sales(x) 7.67 5.66 4.65 3.27 2.77 1.76 4.11 3.69 2.88 2.8 2.55
EV/Core EBITDA(x) 70 32.88 34.02 24.6 28.89 11.41 19.13 15.77 15.34 16.33 15.98
Net Sales Growth(%) 17.23 12.8 4.94 4.08 13.4 0.02 3.56 34.13 17.27 1.85 8.59
EBIT Growth(%) 11.24 65.13 -22.07 -2.51 -31.34 -55.74 220.39 139 -4.04 -18.14 -8.74
PAT Growth(%) 5.09 54.76 -28.95 3.48 -37.97 -146.64 343.22 275.41 -3.06 -18.76 -16.14
EPS Growth(%) 5.49 51.73 -28.74 3.48 -37.97 -146.64 343.22 275.42 -3.06 -18.76 -16.14
Debt/Equity(x) 1.08 1.04 1.14 0.78 0.99 1.08 1.01 0.23 0.21 0.19 0.13
Current Ratio(x) 1.66 1.74 1.2 1.15 1.1 0.76 0.84 0.85 0.95 0.86 1.14
Quick Ratio(x) 1.65 1.69 1.16 1.12 1.06 0.74 0.81 0.82 0.92 0.83 1.1
Interest Cover(x) 18.31 7.86 5.87 6.36 4.14 0.67 2.26 6.89 8.6 6.03 5.21
Total Debt/Mcap(x) 0.02 0.03 0.04 0.05 0.07 0.1 0.05 0.01 0.02 0.02 0.01

Blue Dart Express Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 75 75 75 75 75 75 75 75 75 75
FII 4.24 4.73 5.29 5.4 5.36 5.45 5.99 5.46 5.53 5.04
DII 11.11 11.76 11.77 11.73 12.65 12.94 12.5 13.03 13.04 13.13
Public 9.65 8.5 7.94 7.88 6.99 6.61 6.52 6.5 6.44 6.82
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Blue Dart Express News

Blue Dart Express Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 26%
  • Company is almost debt free.

Cons

  • Stock is trading at 7.8 times its book value.
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