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Blue Dart Express

₹7140.2 -71.2 | 1%

Market Cap ₹16942 Cr.

Stock P/E 56.3

P/B 12.4

Current Price ₹7140.2

Book Value ₹ 576.2

Face Value 10

52W High ₹7649.9

Dividend Yield 0.35%

52W Low ₹ 5490

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.

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Blue Dart Express Share Price

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Quarterly Price

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Blue Dart Express Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 1255 1166 1293 1325 1337 1217 1238 1324 1383 1323
Other Income 14 4 7 8 9 9 10 5 24 11
Total Income 1269 1170 1300 1333 1346 1225 1248 1330 1407 1334
Total Expenditure 981 874 1026 1082 1109 1017 1047 1102 1170 1097
Operating Profit 288 295 274 251 237 208 201 228 238 237
Interest 20 20 18 18 16 15 19 20 20 19
Depreciation 103 93 97 101 100 96 99 111 111 113
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 165 183 159 131 121 97 82 98 108 105
Provision for Tax 42 46 40 37 33 27 21 25 19 27
Profit After Tax 123 137 119 94 89 69 61 73 89 78
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 123 137 119 94 89 69 61 73 89 78
Adjusted Earnings Per Share 52 57.7 50.1 39.5 37.4 29.3 25.8 30.8 37.5 32.8

Blue Dart Express Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 2172 1938 2272 2563 2690 2799 3174 3175 3288 4410 5172 5268
Other Income 40 38 25 35 26 21 21 16 23 31 32 50
Total Income 2212 1976 2297 2598 2716 2820 3195 3191 3311 4442 5205 5319
Total Expenditure 1903 1764 2048 2157 2348 2448 2890 2701 2605 3411 4235 4416
Operating Profit 309 212 249 441 368 372 305 490 707 1031 970 904
Interest 0 0 11 43 45 41 43 117 111 87 67 78
Depreciation 35 27 44 102 104 114 128 347 430 395 394 434
Exceptional Income / Expenses 0 0 0 0 0 0 0 -64 -26 -36 0 0
Profit Before Tax 274 185 194 296 219 217 134 -39 140 512 508 393
Provision for Tax 83 63 67 99 79 72 44 3 38 130 138 92
Profit After Tax 191 121 127 197 140 145 90 -42 102 382 371 301
Adjustments 3 2 2 -1 0 0 0 0 0 0 0 0
Profit After Adjustments 193 123 129 196 140 145 90 -42 102 382 371 301
Adjusted Earnings Per Share 81.4 51.7 54.5 82.7 58.9 61 37.8 -17.6 42.9 161.1 156.1 126.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 17% 18% 13% 9%
Operating Profit CAGR -6% 26% 21% 12%
PAT CAGR -3% 0% 21% 7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 18% 7% 21% 7%
ROE Average 36% 36% 23% 28%
ROCE Average 46% 41% 29% 32%

Blue Dart Express Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 660 643 307 382 429 532 578 491 592 872 1180
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 332 392 310 309 425 410 245 0 250
Other Non-Current Liabilities 269 333 403 582 605 657 698 1473 1484 1525 1291
Total Current Liabilities 366 270 324 390 617 641 787 944 1291 1273 1116
Total Liabilities 1295 1246 1366 1746 1961 2139 2488 3317 3611 3670 3836
Fixed Assets 221 228 216 453 471 518 654 1665 1583 1437 1437
Other Non-Current Assets 549 575 614 613 753 881 970 931 948 1157 1339
Total Current Assets 525 443 537 680 737 740 863 721 1080 1076 1060
Total Assets 1295 1246 1366 1746 1961 2139 2488 3317 3611 3670 3836

Blue Dart Express Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 40 242 106 167 284 249 224 266 98 84 183
Cash Flow from Operating Activities 183 120 153 361 225 317 243 364 750 860 717
Cash Flow from Investing Activities 25 39 32 -149 -228 -190 -280 -193 -529 11 -514
Cash Flow from Financing Activities -6 -294 -126 -95 -33 -152 79 -340 -235 -772 -291
Net Cash Inflow / Outflow 202 -136 60 118 -36 -25 42 -169 -14 99 -89
Closing Cash & Cash Equivalent 242 106 166 284 249 224 266 98 84 183 94

Blue Dart Express Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 81.45 51.66 54.5 82.69 58.93 60.98 37.83 -17.64 42.9 161.07 156.14
CEPS(Rs) 95 62.5 71.97 125.95 102.65 109.21 91.72 128.73 224.11 327.68 322.38
DPS(Rs) 71 50 20 30 15 12.5 12.5 0 15 60 30
Book NAV/Share(Rs) 278.08 270.94 129.47 160.92 180.97 224.1 243.44 206.83 249.44 367.35 496.8
Core EBITDA Margin(%) 12.38 8.98 9.87 15.85 12.71 12.53 8.94 14.92 20.78 22.66 18.12
EBIT Margin(%) 12.62 9.52 9.03 13.23 9.82 9.2 5.57 2.46 7.63 13.59 11.12
Pre Tax Margin(%) 12.62 9.52 8.54 11.54 8.15 7.75 4.22 -1.23 4.25 11.62 9.83
PAT Margin (%) 8.78 6.24 5.6 7.68 5.2 5.17 2.83 -1.32 3.1 8.67 7.16
Cash Profit Margin (%) 10.38 7.65 7.52 11.66 9.06 9.26 6.85 9.62 16.17 17.63 14.79
ROA(%) 16.61 9.53 9.74 12.65 7.54 7.06 3.88 -1.44 2.94 10.5 9.87
ROE(%) 28.82 18.58 26.77 57.13 34.47 30.11 16.18 -7.84 18.81 52.23 36.14
ROCE(%) 41.42 28.33 32.01 47.85 31.15 27.59 16.86 7.21 22.71 53.06 45.98
Receivable days 34.98 46.51 44.79 41.42 44.2 51.04 52.49 58.57 58.06 45.43 42.93
Inventory Days 0.42 0.48 0.54 1.78 3.1 3 2.72 3.05 3.26 2.76 2.62
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 28.81 71.83 133.42 73.36 87.85 61.94 94.71 0 129.95 42.49 39.73
Price/Book(x) 8.44 13.7 56.16 37.7 28.61 16.85 14.72 10.51 22.35 18.63 12.49
Dividend Yield(%) 3.03 1.35 0.28 0.49 0.29 0.33 0.35 0 0.27 0.88 0.48
EV/Net Sales(x) 2.45 4.49 7.67 5.66 4.65 3.27 2.77 1.76 4.11 3.69 2.88
EV/Core EBITDA(x) 17.25 41.07 70 32.88 34.02 24.6 28.89 11.41 19.13 15.77 15.34
Net Sales Growth(%) 45.23 -10.75 17.23 12.8 4.94 4.08 13.4 0.02 3.56 34.13 17.27
EBIT Growth(%) 52.44 -32.68 11.24 65.13 -22.07 -2.51 -31.34 -55.74 220.39 139 -4.04
PAT Growth(%) 55.33 -36.54 5.09 54.76 -28.95 3.48 -37.97 -146.64 343.22 275.41 -3.06
EPS Growth(%) 55.63 -36.57 5.49 51.73 -28.74 3.48 -37.97 -146.64 343.22 275.42 -3.06
Debt/Equity(x) 0 0 1.08 1.04 1.14 0.78 0.99 1.08 1.01 0.23 0.21
Current Ratio(x) 1.43 1.64 1.66 1.74 1.2 1.15 1.1 0.76 0.84 0.85 0.95
Quick Ratio(x) 1.43 1.63 1.65 1.69 1.16 1.12 1.06 0.74 0.81 0.82 0.91
Interest Cover(x) 0 6151 18.31 7.86 5.87 6.36 4.14 0.67 2.26 6.89 8.6
Total Debt/Mcap(x) 0 0 0.02 0.03 0.04 0.05 0.07 0.1 0.04 0.01 0.02

Blue Dart Express Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 75 75 75 75 75 75 75 75 75 75
FII 3.21 3.25 3.5 5.13 5.08 4.85 4.24 4.73 5.29 5.4
DII 9.39 9.52 9.6 7.9 8.45 9.86 11.11 11.76 11.77 11.73
Public 12.4 12.24 11.91 11.97 11.47 10.29 9.65 8.5 7.94 7.88
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 36%
  • Company is almost debt free.

Cons

  • Stock is trading at 12.4 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

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