Blue Dart Express Ltd

Blue Dart Expres Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Blue Dart Express Ltd

₹ 7,185 0.83%
16 May 2:52 p.m.
bluedart.com BSE: 526612 NSE: BLUEDART
About

Blue Dart Express Limited, incorporated in 1983, is involved in transportation and door-to-door distribution of time-sensitive shipments, through an integrated ground and air transportation network. The company is regarded as South Asia’s leading courier and integrated air express package distribution company. [1]

Key Points

History
In FY2005, DHL Express Singapore Pte Ltd. (a 100% subsidiary of Deutsche Post AG, or DP DHL) acquired an 81% stake in BDEL from its erstwhile promoters - Mr. Clyde Cooper, Mr. Tushar Jani, and Mr. Khushroo Dubash, and other shareholders. In November 2012, to meet the SEBI’s requirements for promoter holding in public listed companies, DP DHL reduced its shareholding to 75% through an offer for sale (OFS). [1]

Website BSE NSE
  • Market Cap ₹ 17,050 Cr.
  • Current Price ₹ 7,185
  • High / Low ₹ 7,650 / 5,487
  • Stock P/E 59.0
  • Book Value ₹ 606
  • Dividend Yield 0.42 %
  • ROCE 24.8 %
  • ROE 21.4 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has delivered good profit growth of 26.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.8%
  • Company has been maintaining a healthy dividend payout of 26.0%

Cons

  • Stock is trading at 11.8 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.

Peer comparison

Sector: Logistics Industry: Couriers

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
966 865 1,124 1,255 1,166 1,293 1,325 1,337 1,217 1,238 1,324 1,383 1,323
792 781 925 1,051 948 1,103 1,163 1,186 1,088 1,124 1,194 1,249 1,183
Operating Profit 174 83 199 204 218 191 163 151 128 113 130 134 139
OPM % 18% 10% 18% 16% 19% 15% 12% 11% 11% 9% 10% 10% 11%
6 6 -30 8 9 10 12 14 14 16 15 23 18
Interest 8 7 6 5 6 5 4 4 4 5 5 5 5
Depreciation 52 43 43 43 39 40 42 41 44 44 46 47 50
Profit before tax 120 39 120 163 181 157 129 119 94 80 95 105 102
Tax % 26% 25% 25% 25% 25% 25% 29% 27% 26% 25% 25% 22% 26%
89 29 89 122 135 117 92 87 70 60 71 82 76
EPS in Rs 37.54 12.38 37.71 51.49 57.07 49.38 38.78 36.64 29.64 25.18 30.04 34.37 32.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,167 1,933 2,268 2,552 2,681 2,791 3,165 3,166 3,280 4,409 5,172 5,268
1,889 1,762 2,045 2,221 2,416 2,531 2,992 2,978 2,903 3,705 4,540 4,750
Operating Profit 277 171 224 331 264 260 174 188 377 704 632 517
OPM % 13% 9% 10% 13% 10% 9% 5% 6% 11% 16% 12% 10%
29 44 24 31 28 23 18 -50 -13 -7 51 72
Interest 0 0 11 31 31 26 15 32 32 24 17 19
Depreciation 34 27 44 40 44 45 48 153 201 169 167 187
Profit before tax 271 187 194 290 217 212 128 -47 131 504 499 383
Tax % 30% 34% 34% 34% 36% 33% 32% 19% 27% 25% 27% 25%
189 124 127 190 140 142 88 -38 96 376 366 289
EPS in Rs 79.51 52.43 53.46 80.07 58.82 59.89 36.92 -16.14 40.59 158.65 154.43 121.65
Dividend Payout % 89% 96% 300% 38% 26% 21% 34% 0% 37% 38% 19% 21%
Compounded Sales Growth
10 Years: 11%
5 Years: 11%
3 Years: 17%
TTM: 2%
Compounded Profit Growth
10 Years: 9%
5 Years: 27%
3 Years: 37%
TTM: -18%
Stock Price CAGR
10 Years: 7%
5 Years: 21%
3 Years: 9%
1 Year: 19%
Return on Equity
10 Years: 26%
5 Years: 26%
3 Years: 32%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 24 24 24 24 24 24 24 24 24 24 24 24
Reserves 626 612 273 447 498 597 641 560 655 931 1,237 1,415
0 0 332 332 332 166 146 75 431 248 260 279
390 295 345 351 398 439 559 903 726 830 813 857
Total Liabilities 1,040 931 974 1,154 1,252 1,226 1,370 1,561 1,837 2,034 2,333 2,575
220 228 215 243 234 219 247 562 494 432 483 541
CWIP 12 8 25 21 33 47 46 4 3 19 26 2
Investments 20 20 20 73 144 144 144 144 294 351 315 451
788 675 714 817 840 816 933 851 1,045 1,232 1,510 1,580
Total Assets 1,040 931 974 1,154 1,252 1,226 1,370 1,561 1,837 2,034 2,333 2,575

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
182 120 153 271 143 210 157 94 449 583 319 446
22 43 32 -61 -58 -5 -46 -39 -394 -112 -217 -133
-6 -294 -126 -89 -117 -235 -71 -222 -70 -371 -190 -242
Net Cash Flow 199 -131 60 121 -32 -30 40 -168 -15 100 -88 71

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 38 50 47 42 49 55 56 60 57 48 45 46
Inventory Days
Days Payable
Cash Conversion Cycle 38 50 47 42 49 55 56 60 57 48 45 46
Working Capital Days -13 13 8 10 13 8 -0 -16 -17 -17 -6 17
ROCE % 43% 29% 32% 45% 30% 29% 18% 7% 21% 48% 37%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
2.47% 3.25% 3.21% 3.25% 3.50% 5.13% 5.08% 4.85% 4.24% 4.73% 5.29% 5.40%
10.18% 9.63% 9.39% 9.51% 9.59% 7.90% 8.45% 9.86% 11.10% 11.76% 11.76% 11.73%
12.35% 12.12% 12.40% 12.24% 11.91% 11.97% 11.45% 10.29% 9.64% 8.50% 7.94% 7.88%
No. of Shareholders 33,54832,45030,60829,76829,44934,40436,62836,65636,84035,01929,29434,031

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls