Blue Dart Express

₹7867 94.9 | 1.2%

WEBSITE BSE:526612 NSE : BLUE DART EX 26 Jul, 16:01

Market Cap ₹18667 Cr.

Stock P/E 63.7

P/B 13.2

Current Price ₹7867

Book Value ₹ 597.6

Face Value 10

52W High ₹8980

Dividend Yield 0.32%

52W Low ₹ 5490

Edit Ratio

Blue Dart Express Research see more...

Overview Inc. Year: 1991Industry: Courier Services

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 Surfaceline, Dart Plus, Smart Box, Express Pallet, Airport-to-Airport, Interline, International Services and Fuel Surcharge. The Company offers transport of consignments to about 35,000 places in India and serves over 220 nations and territories and offers distribution services, which includes air specific, freight forwarding, deliver chain solutions and customs clearance. Its subsidiaries include Concorde Air Logistics Ltd and Blue Dart Aviation Ltd.

Blue Dart Express Share Price

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Blue Dart Express Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	1166	1293	1325	1337	1217	1238	1324	1383	1323	1343
Other Income	4	7	8	9	9	10	5	24	11	9
Total Income	1170	1300	1333	1346	1225	1248	1330	1407	1334	1352
Total Expenditure	874	1026	1082	1109	1017	1047	1102	1170	1097	1141
Operating Profit	295	274	251	237	208	201	228	238	237	211
Interest	20	18	18	16	15	19	20	20	19	21
Depreciation	93	97	101	100	96	99	111	111	113	118
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	183	159	131	121	97	82	98	108	105	72
Provision for Tax	46	40	37	33	27	21	25	19	27	19
Profit After Tax	137	119	94	89	69	61	73	89	78	53
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	137	119	94	89	69	61	73	89	78	53
Adjusted Earnings Per Share	57.7	50.1	39.5	37.4	29.3	25.8	30.8	37.5	32.8	22.5

Blue Dart Express Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1938	2272	2563	2690	2799	3174	3175	3288	4410	5172	5268	5373
Other Income	38	25	35	26	21	21	16	23	31	32	53	49
Total Income	1976	2297	2598	2716	2820	3195	3191	3311	4442	5205	5321	5423
Total Expenditure	1764	2048	2157	2348	2448	2890	2701	2605	3411	4235	4417	4510
Operating Profit	212	249	441	368	372	305	490	707	1031	970	904	914
Interest	0	11	43	45	41	43	117	111	87	67	78	80
Depreciation	27	44	102	104	114	128	347	430	395	394	433	453
Exceptional Income / Expenses	0	0	0	0	0	0	-64	-26	-36	0	0	0
Profit Before Tax	185	194	296	219	217	134	-39	140	512	508	393	383
Provision for Tax	63	67	99	79	72	44	3	38	130	138	92	90
Profit After Tax	121	127	197	140	145	90	-42	102	382	371	301	293
Adjustments	2	2	-1	0	0	0	0	0	0	0	0	0
Profit After Adjustments	123	129	196	140	145	90	-42	102	382	371	301	293
Adjusted Earnings Per Share	51.7	54.5	82.7	58.9	61	37.8	-17.6	42.9	161.1	156.1	126.8	123.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	2%	17%	11%	11%
Operating Profit CAGR	-7%	9%	24%	16%
PAT CAGR	-19%	43%	27%	10%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	8%	11%	27%	7%
ROE Average	24%	37%	25%	28%
ROCE Average	31%	43%	32%	31%

Blue Dart Express Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	643	307	382	429	532	578	491	592	872	1180	1367
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	332	392	310	309	425	410	245	0	250	0
Other Non-Current Liabilities	333	403	582	605	657	698	1473	1484	1525	1291	1277
Total Current Liabilities	270	324	390	617	641	787	944	1291	1273	1116	1491
Total Liabilities	1246	1366	1746	1961	2139	2488	3317	3611	3670	3836	4136
Fixed Assets	228	216	453	471	518	654	1665	1583	1437	1437	1823
Other Non-Current Assets	575	614	613	753	881	970	931	948	1157	1339	1027
Total Current Assets	443	537	680	737	740	863	721	1080	1076	1060	1286
Total Assets	1246	1366	1746	1961	2139	2488	3317	3611	3670	3836	4136

Blue Dart Express Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	242	106	167	284	249	224	266	98	84	183	94
Cash Flow from Operating Activities	120	153	361	225	317	243	364	750	860	717	847
Cash Flow from Investing Activities	39	32	-149	-228	-190	-280	-193	-529	11	-514	-375
Cash Flow from Financing Activities	-294	-126	-95	-33	-152	79	-340	-235	-772	-291	-401
Net Cash Inflow / Outflow	-136	60	118	-36	-25	42	-169	-14	99	-89	71
Closing Cash & Cash Equivalent	106	166	284	249	224	266	98	84	183	94	165

Blue Dart Express Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	51.66	54.5	82.69	58.93	60.98	37.83	-17.64	42.9	161.07	156.14	126.85
CEPS(Rs)	62.5	71.97	125.95	102.65	109.21	91.72	128.73	224.11	327.68	322.38	309.26
DPS(Rs)	50	20	30	15	12.5	12.5	0	15	60	30	25
Book NAV/Share(Rs)	270.94	129.47	160.92	180.97	224.1	243.44	206.83	249.44	367.35	496.8	575
Core EBITDA Margin(%)	8.98	9.87	15.85	12.71	12.53	8.94	14.92	20.78	22.66	18.12	16.15
EBIT Margin(%)	9.52	9.03	13.23	9.82	9.2	5.57	2.46	7.63	13.59	11.12	8.94
Pre Tax Margin(%)	9.52	8.54	11.54	8.15	7.75	4.22	-1.23	4.25	11.62	9.83	7.45
PAT Margin (%)	6.24	5.6	7.68	5.2	5.17	2.83	-1.32	3.1	8.67	7.16	5.71
Cash Profit Margin (%)	7.65	7.52	11.66	9.06	9.26	6.85	9.62	16.17	17.63	14.79	13.93
ROA(%)	9.53	9.74	12.65	7.54	7.06	3.88	-1.44	2.94	10.5	9.87	7.55
ROE(%)	18.58	26.77	57.13	34.47	30.11	16.18	-7.84	18.81	52.23	36.14	23.67
ROCE(%)	28.33	32.01	47.85	31.15	27.59	16.86	7.21	22.71	53.06	45.98	30.85
Receivable days	46.51	44.79	41.42	44.2	51.04	52.49	58.57	58.06	45.43	42.93	45.28
Inventory Days	0.48	0.54	1.78	3.1	3	2.72	3.05	3.26	2.76	2.62	3.16
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	71.83	133.42	73.36	87.85	61.94	94.71	0	129.95	42.49	39.73	48.72
Price/Book(x)	13.7	56.16	37.7	28.61	16.85	14.72	10.51	22.35	18.63	12.49	10.75
Dividend Yield(%)	1.35	0.28	0.49	0.29	0.33	0.35	0	0.27	0.88	0.48	0.4
EV/Net Sales(x)	4.49	7.67	5.66	4.65	3.27	2.77	1.76	4.11	3.69	2.88	2.8
EV/Core EBITDA(x)	41.07	70	32.88	34.02	24.6	28.89	11.41	19.13	15.77	15.34	16.33
Net Sales Growth(%)	-10.75	17.23	12.8	4.94	4.08	13.4	0.02	3.56	34.13	17.27	1.85
EBIT Growth(%)	-32.68	11.24	65.13	-22.07	-2.51	-31.34	-55.74	220.39	139	-4.04	-18.14
PAT Growth(%)	-36.54	5.09	54.76	-28.95	3.48	-37.97	-146.64	343.22	275.41	-3.06	-18.76
EPS Growth(%)	-36.57	5.49	51.73	-28.74	3.48	-37.97	-146.64	343.22	275.42	-3.06	-18.76
Debt/Equity(x)	0	1.08	1.04	1.14	0.78	0.99	1.08	1.01	0.23	0.21	0.19
Current Ratio(x)	1.64	1.66	1.74	1.2	1.15	1.1	0.76	0.84	0.85	0.95	0.86
Quick Ratio(x)	1.63	1.65	1.69	1.16	1.12	1.06	0.74	0.81	0.82	0.92	0.83
Interest Cover(x)	6151	18.31	7.86	5.87	6.36	4.14	0.67	2.26	6.89	8.6	6.03
Total Debt/Mcap(x)	0	0.02	0.03	0.04	0.05	0.07	0.1	0.05	0.01	0.02	0.02

Blue Dart Express Shareholding Pattern

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	75	75	75	75	75	75	75	75	75	75
FII	3.25	3.5	5.13	5.08	4.85	4.24	4.73	5.29	5.4	5.36
DII	9.52	9.6	7.9	8.45	9.86	11.11	11.76	11.77	11.73	12.65
Public	12.24	11.91	11.97	11.47	10.29	9.65	8.5	7.94	7.88	6.99
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	1.78	1.78	1.78	1.78	1.78	1.78	1.78	1.78	1.78	1.78
FII	0.08	0.08	0.12	0.12	0.11	0.1	0.11	0.13	0.13	0.13
DII	0.23	0.23	0.19	0.2	0.23	0.26	0.28	0.28	0.28	0.3
Public	0.29	0.28	0.28	0.27	0.24	0.23	0.2	0.19	0.19	0.17
Others	0	0	0	0	0	0	0	0	0	0
Total	2.37	2.37	2.37	2.37	2.37	2.37	2.37	2.37	2.37	2.37

Pros

Company has delivered good profit growth of 27% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 37%
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 13.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Blue Dart Express News

IPO

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Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Blue Dart Express

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Blue Dart Express Research see more...

Overview Inc. Year: 1991Industry: Courier Services

Blue Dart Express Share Price

Alert Data

Quarterly Price

Peer Comparison

Blue Dart Express Quarterly Results

Blue Dart Express Profit & Loss

Growth Rates

Blue Dart Express Balance Sheet

Blue Dart Express Cash Flow

Blue Dart Express Ratios

Blue Dart Express Shareholding Pattern

Blue Dart Express News

IPO

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