Blue Dart Express Ltd

About [ edit ]

Blue Dart Express is engaged in the business of integrated air and ground transportation and distribution of time sensitive packages to various destinations, primarily within India.(Source : 202003 Annual Report Page No:125)

  • Market Cap 11,143 Cr.
  • Current Price 4,696
  • High / Low 4,950 / 1,822
  • Stock P/E 61,905
  • Book Value 172
  • Dividend Yield 0.00 %
  • ROCE 13.1 %
  • ROE 0.29 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 27.35 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.92% over past five years.

Peer comparison

Sector: Logistics Industry: Couriers

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2005 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
130 735 800 858 782 789 802 858 726 416 867 1,037
108 666 733 768 722 675 676 716 634 459 638 785
Operating Profit 22 69 68 89 60 113 126 142 92 -43 229 252
OPM % 17% 9% 8% 10% 8% 14% 16% 17% 13% -10% 26% 24%
Other Income 0 5 5 5 5 6 7 -62 1 3 -29 14
Interest 1 9 10 12 12 30 29 29 30 28 30 27
Depreciation 4 30 31 34 34 81 83 88 95 96 112 115
Profit before tax 17 35 31 49 18 9 21 -38 -31 -163 57 124
Tax % 39% 35% 28% 35% 33% 34% 29% 15% 3% 23% 26% 23%
Net Profit 11 23 23 32 12 6 15 -32 -31 -126 42 95
EPS in Rs 9.68 9.50 13.49 5.16 2.52 6.17 -13.45 -12.88 -53.03 17.84 40.17
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
977 908 1,150 1,495 2,172 1,937 2,272 2,563 2,690 2,799 3,174 3,175 3,046
851 803 995 1,315 1,892 1,764 2,048 2,157 2,348 2,447 2,888 2,701 2,516
Operating Profit 126 104 155 180 280 172 224 406 342 352 286 475 530
OPM % 13% 12% 14% 12% 13% 9% 10% 16% 13% 13% 9% 15% 17%
Other Income 11 8 5 22 29 39 25 35 26 20 19 -49 -12
Interest 0 1 0 0 0 0 11 43 45 40 43 117 115
Depreciation 17 18 19 22 35 27 44 102 104 114 128 347 417
Profit before tax 119 94 141 180 274 184 194 296 219 217 134 -39 -14
Tax % 35% 35% 33% 32% 30% 34% 34% 33% 36% 33% 33% -7%
Net Profit 78 61 95 124 193 123 129 197 140 145 90 -42 -19
EPS in Rs 32.86 25.78 39.91 52.34 81.46 51.67 54.51 82.95 58.93 60.99 37.83 -17.64 -7.90
Dividend Payout % 3% 4% 3% 4% 87% 29% 294% 36% 25% 21% 33% 0%
Compounded Sales Growth
10 Years:13%
5 Years:7%
3 Years:6%
TTM:-6%
Compounded Profit Growth
10 Years:-31%
5 Years:-59%
3 Years:-78%
TTM:-100%
Stock Price CAGR
10 Years:17%
5 Years:-3%
3 Years:3%
1 Year:71%
Return on Equity
10 Years:24%
5 Years:25%
3 Years:15%
Last Year:0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
24 24 24 24 24 24 24 24 24 24 24 24 24
Reserves 371 429 521 640 636 619 284 358 406 508 554 467 384
Borrowings 0 0 0 0 0 0 332 397 491 418 573 532 1,083
116 126 151 180 391 297 349 486 477 553 661 1,618 1,148
Total Liabilities 511 580 697 844 1,051 940 988 1,265 1,397 1,503 1,811 2,641 2,639
174 172 184 233 221 228 216 453 471 518 654 1,665 1,547
CWIP 9 17 27 3 12 8 25 21 67 99 91 18 21
Investments 71 105 97 74 23 24 26 0 0 0 0 0 87
257 285 389 534 795 679 721 790 860 885 1,066 958 984
Total Assets 511 580 697 844 1,051 940 988 1,265 1,397 1,503 1,811 2,641 2,639

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
55 38 38 107 183 120 153 361 225 317 243 364
-35 -58 -25 -99 25 39 32 -149 -228 -190 -280 -193
-3 -3 -3 -3 -6 -294 -126 -95 -33 -152 79 -340
Net Cash Flow 17 -23 9 5 202 -136 60 118 -36 -25 42 -169

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 34% 22% 28% 30% 43% 28% 32% 48% 31% 28% 17% 13%
Debtor Days 43 51 49 46 38 50 47 41 49 55 56 61
Inventory Turnover 3.49 3.63 4.19 4.18 6.13 5.75 5.03 15.02 8.49 9.48 11.13 8.84

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
6.68 5.57 5.62 4.45 4.50 4.54 4.48 3.66 2.68 2.39 1.60 1.81
5.90 6.57 6.53 5.97 5.22 4.97 9.43 9.91 10.87 11.12 11.94 11.70
12.42 12.86 12.85 14.58 15.28 15.49 11.09 11.43 11.45 11.49 11.46 11.49

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