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

₹ 6,287 -0.14%
16 Jun - close price
bluedart.com BSE: 526612 NSE: BLUEDART
About

Blue Dart Express Limited, incorporated in 1988, 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 ₹ 14,911 Cr.
  • Current Price ₹ 6,287
  • High / Low ₹ 9,489 / 5,365
  • Stock P/E 61.0
  • Book Value ₹ 684
  • Dividend Yield 0.40 %
  • ROCE 19.8 %
  • ROE 16.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 22.0%
  • Company has been maintaining a healthy dividend payout of 21.4%

Cons

  • Stock is trading at 9.18 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

Services Services Transport Services Logistics Solution Provider

Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE 250 SmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,166 1,293 1,325 1,337 1,217 1,238 1,324 1,383 1,323 1,343 1,448 1,512 1,417
948 1,103 1,163 1,186 1,088 1,124 1,194 1,249 1,183 1,233 1,327 1,365 1,299
Operating Profit 218 191 163 151 128 113 130 134 139 109 122 146 118
OPM % 19% 15% 12% 11% 11% 9% 10% 10% 11% 8% 8% 10% 8%
9 10 12 14 14 16 15 23 18 19 19 20 21
Interest 6 5 4 4 4 5 5 5 5 7 7 7 8
Depreciation 39 40 42 41 44 44 46 47 50 52 52 52 53
Profit before tax 181 157 129 119 94 80 95 105 102 69 82 106 78
Tax % 25% 25% 29% 27% 26% 25% 25% 22% 26% 26% 26% 26% 32%
135 117 92 87 70 60 71 82 76 52 61 79 53
EPS in Rs 57.07 49.38 38.78 36.64 29.64 25.18 30.04 34.37 32.05 21.72 25.61 33.34 22.43
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,933 2,268 2,552 2,681 2,791 3,165 3,166 3,280 4,409 5,172 5,268 5,720
1,762 2,045 2,221 2,416 2,531 2,992 2,978 2,903 3,705 4,540 4,750 5,225
Operating Profit 171 224 331 264 260 174 188 377 704 632 517 496
OPM % 9% 10% 13% 10% 9% 5% 6% 11% 16% 12% 10% 9%
44 24 31 28 23 18 -50 -13 -7 51 72 78
Interest 0 11 31 31 26 15 32 32 24 17 19 29
Depreciation 27 44 40 44 45 48 153 201 169 167 187 209
Profit before tax 187 194 290 217 212 128 -47 131 504 499 383 336
Tax % 34% 34% 34% 36% 33% 32% -19% 27% 25% 27% 25% 27%
124 127 190 140 142 88 -38 96 376 366 289 245
EPS in Rs 52.43 53.46 80.07 58.82 59.89 36.92 -16.14 40.59 158.65 154.43 121.65 103.10
Dividend Payout % 96% 300% 38% 26% 21% 34% 0% 37% 38% 19% 21% 24%
Compounded Sales Growth
10 Years: 10%
5 Years: 13%
3 Years: 9%
TTM: 9%
Compounded Profit Growth
10 Years: 7%
5 Years: 57%
3 Years: -15%
TTM: -12%
Stock Price CAGR
10 Years: 0%
5 Years: 25%
3 Years: -1%
1 Year: -21%
Return on Equity
10 Years: 24%
5 Years: 25%
3 Years: 22%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 24 24 24 24 24 24 24 24 24 24 24 24
Reserves 612 273 447 498 597 641 560 655 931 1,237 1,415 1,600
0 332 332 332 166 146 75 431 248 260 279 348
295 345 351 398 439 559 903 726 830 813 857 1,060
Total Liabilities 931 974 1,154 1,252 1,226 1,370 1,561 1,837 2,034 2,333 2,575 3,031
228 215 243 234 219 247 562 494 432 483 541 613
CWIP 8 25 21 33 47 46 4 3 19 26 2 3
Investments 20 20 73 144 144 144 144 294 351 315 451 530
675 714 817 840 816 933 851 1,045 1,232 1,510 1,580 1,886
Total Assets 931 974 1,154 1,252 1,226 1,370 1,561 1,837 2,034 2,333 2,575 3,031

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
120 153 271 143 210 157 94 449 583 319 446 489
43 32 -61 -58 -5 -46 -39 -394 -112 -217 -133 -267
-294 -126 -89 -117 -235 -71 -222 -70 -371 -190 -242 -222
Net Cash Flow -131 60 121 -32 -30 40 -168 -15 100 -88 71 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 50 47 42 49 55 56 60 57 48 45 46 50
Inventory Days
Days Payable
Cash Conversion Cycle 50 47 42 49 55 56 60 57 48 45 46 50
Working Capital Days 13 8 10 13 8 -0 -16 -17 -17 -6 -5 18
ROCE % 29% 32% 45% 30% 29% 18% 7% 21% 48% 37% 24% 20%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
3.50% 5.13% 5.08% 4.85% 4.24% 4.73% 5.29% 5.40% 5.37% 5.46% 5.98% 5.46%
9.59% 7.90% 8.45% 9.86% 11.10% 11.76% 11.76% 11.73% 12.65% 12.94% 12.49% 13.04%
11.91% 11.97% 11.45% 10.29% 9.64% 8.50% 7.94% 7.88% 6.98% 6.60% 6.50% 6.49%
No. of Shareholders 29,44934,40436,62836,65636,84035,01929,29434,03129,99430,30130,92529,904

* 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.

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