Blue Dart Express Ltd
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]
- Market Cap ₹ 12,062 Cr.
- Current Price ₹ 5,083
- High / Low ₹ 7,036 / 4,628
- Stock P/E 38.0
- Book Value ₹ 772
- Dividend Yield 0.49 %
- ROCE 18.4 %
- ROE 15.8 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 24.6%
Cons
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,268 | 2,552 | 2,681 | 2,791 | 3,165 | 3,166 | 3,280 | 4,409 | 5,172 | 5,268 | 5,720 | 6,141 | 6,357 | |
| 2,045 | 2,221 | 2,416 | 2,531 | 2,992 | 2,978 | 2,903 | 3,705 | 4,540 | 4,750 | 5,221 | 5,569 | 5,715 | |
| Operating Profit | 224 | 331 | 264 | 260 | 174 | 188 | 377 | 704 | 632 | 517 | 499 | 572 | 642 |
| OPM % | 10% | 13% | 10% | 9% | 5% | 6% | 11% | 16% | 12% | 10% | 9% | 9% | 10% |
| 24 | 31 | 28 | 23 | 18 | -50 | -13 | -7 | 51 | 72 | 75 | 33 | 34 | |
| Interest | 11 | 31 | 31 | 26 | 15 | 32 | 32 | 24 | 17 | 19 | 29 | 42 | 46 |
| Depreciation | 44 | 40 | 44 | 45 | 48 | 153 | 201 | 169 | 167 | 187 | 209 | 247 | 261 |
| Profit before tax | 194 | 290 | 217 | 212 | 128 | -47 | 131 | 504 | 499 | 383 | 336 | 316 | 369 |
| Tax % | 34% | 34% | 36% | 33% | 32% | -19% | 27% | 25% | 27% | 25% | 27% | 24% | |
| 127 | 190 | 140 | 142 | 88 | -38 | 96 | 376 | 366 | 289 | 245 | 240 | 279 | |
| EPS in Rs | 53.46 | 80.07 | 58.82 | 59.89 | 36.92 | -16.14 | 40.59 | 158.65 | 154.43 | 121.65 | 103.10 | 101.02 | 117.76 |
| Dividend Payout % | 300% | 38% | 26% | 21% | 34% | 0% | 37% | 38% | 19% | 25% | 24% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 13% |
| 3 Years: | 6% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 19% |
| 3 Years: | -8% |
| TTM: | 32% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -2% |
| 3 Years: | -8% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 23% |
| 3 Years: | 17% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| Reserves | 273 | 447 | 498 | 597 | 641 | 560 | 655 | 931 | 1,237 | 1,415 | 1,600 | 1,807 |
| 332 | 332 | 332 | 166 | 146 | 75 | 431 | 248 | 260 | 279 | 348 | 579 | |
| 345 | 351 | 398 | 439 | 559 | 903 | 726 | 830 | 813 | 857 | 1,060 | 1,107 | |
| Total Liabilities | 974 | 1,154 | 1,252 | 1,226 | 1,370 | 1,561 | 1,837 | 2,034 | 2,333 | 2,575 | 3,031 | 3,517 |
| 215 | 243 | 234 | 219 | 247 | 562 | 494 | 432 | 483 | 541 | 612 | 879 | |
| CWIP | 25 | 21 | 33 | 47 | 46 | 4 | 3 | 19 | 26 | 2 | 3 | 0 |
| Investments | 20 | 73 | 144 | 144 | 144 | 144 | 294 | 351 | 315 | 451 | 530 | 557 |
| 714 | 817 | 840 | 816 | 933 | 851 | 1,045 | 1,232 | 1,510 | 1,580 | 1,886 | 2,081 | |
| Total Assets | 974 | 1,154 | 1,252 | 1,226 | 1,370 | 1,561 | 1,837 | 2,034 | 2,333 | 2,575 | 3,031 | 3,517 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 153 | 271 | 143 | 210 | 157 | 94 | 449 | 583 | 319 | 446 | 489 | 347 | |
| 32 | -61 | -58 | -5 | -46 | -39 | -394 | -112 | -217 | -133 | -267 | -18 | |
| -126 | -89 | -117 | -235 | -71 | -222 | -70 | -371 | -190 | -242 | -222 | -258 | |
| Net Cash Flow | 60 | 121 | -32 | -30 | 40 | -168 | -15 | 100 | -88 | 71 | -0 | 71 |
| Free Cash Flow | 94 | 210 | 96 | 167 | 81 | 38 | 423 | 531 | 227 | 370 | 416 | 228 |
| CFO/OP | 101% | 111% | 85% | 108% | 128% | 79% | 127% | 101% | 72% | 99% | 115% | 78% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47 | 42 | 49 | 55 | 56 | 60 | 57 | 48 | 45 | 46 | 50 | 54 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 47 | 42 | 49 | 55 | 56 | 60 | 57 | 48 | 45 | 46 | 50 | 54 |
| Working Capital Days | 8 | 10 | -9 | -4 | -9 | -16 | -41 | -25 | -14 | -13 | -13 | 16 |
| ROCE % | 32% | 45% | 30% | 29% | 18% | 7% | 21% | 48% | 37% | 24% | 19% | 18% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Domestic locations covered count |
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| Number of shipments millions |
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| Tonnage thousand tonnes |
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| Aircraft fleet size count |
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| Number of facilities count |
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| B2B share of revenue % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Blue Dart launches Rakhi Express shipping offers from 27 July to 28 August 2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Blue Dart held its Q1 FY2027 earnings call on August 5, 2026; audio recording is available online.
- Announcement under Regulation 30 (LODR)-Investor Presentation
- Announcement under Regulation 30 (LODR)-Newspaper Publication
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2011
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Annual Report 2010
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Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Oct 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptPPT REC
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptPPT
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Aug 2023Transcript PPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022Transcript PPT
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Jun 2022TranscriptAI SummaryPPT
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May 2022TranscriptPPT
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Mar 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jul 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Sep 2019TranscriptAI SummaryPPT
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Mar 2019TranscriptAI SummaryPPT
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Jan 2019TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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Nov 2017TranscriptAI SummaryPPT
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Sep 2017TranscriptAI SummaryPPT
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Jun 2017TranscriptAI SummaryPPT
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Mar 2017TranscriptAI SummaryPPT
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Nov 2016TranscriptAI SummaryPPT
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Sep 2016TranscriptAI SummaryPPT
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May 2016TranscriptAI SummaryPPT
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Mar 2016TranscriptAI SummaryPPT
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Nov 2015TranscriptAI SummaryPPT
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Sep 2015TranscriptAI SummaryPPT
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Aug 2015TranscriptAI SummaryPPT
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]