Blue Dart Express Ltd
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]
- Market Cap ₹ 14,923 Cr.
- Current Price ₹ 6,293
- High / Low ₹ 7,650 / 5,487
- Stock P/E 51.0
- Book Value ₹ 513
- Dividend Yield 0.48 %
- ROCE 26.3 %
- ROE 34.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 19.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.2%
- Company has been maintaining a healthy dividend payout of 30.5%
Cons
- Stock is trading at 12.3 times its book value
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Dec 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,495 | 2,172 | 1,937 | 2,272 | 2,563 | 2,690 | 2,799 | 3,174 | 3,175 | 3,288 | 4,410 | 5,172 | 5,162 | |
1,315 | 1,892 | 1,764 | 2,048 | 2,157 | 2,348 | 2,447 | 2,888 | 2,701 | 2,602 | 3,410 | 4,235 | 4,335 | |
Operating Profit | 180 | 280 | 172 | 224 | 406 | 342 | 352 | 286 | 475 | 686 | 1,000 | 938 | 826 |
OPM % | 12% | 13% | 9% | 10% | 16% | 13% | 13% | 9% | 15% | 21% | 23% | 18% | 16% |
22 | 29 | 39 | 25 | 35 | 26 | 20 | 19 | -49 | -6 | -5 | 32 | 48 | |
Interest | 0 | 0 | 0 | 11 | 43 | 45 | 40 | 43 | 117 | 111 | 87 | 67 | 74 |
Depreciation | 22 | 35 | 27 | 44 | 102 | 104 | 114 | 128 | 347 | 430 | 395 | 394 | 416 |
Profit before tax | 180 | 274 | 184 | 194 | 296 | 219 | 217 | 134 | -39 | 140 | 512 | 508 | 384 |
Tax % | 32% | 30% | 34% | 34% | 33% | 36% | 33% | 33% | -7% | 27% | 25% | 27% | |
124 | 193 | 123 | 129 | 197 | 140 | 145 | 90 | -42 | 102 | 382 | 371 | 293 | |
EPS in Rs | 52.34 | 81.46 | 51.67 | 54.51 | 82.95 | 58.93 | 60.99 | 37.83 | -17.64 | 42.91 | 161.08 | 156.16 | 123.35 |
Dividend Payout % | 4% | 87% | 29% | 294% | 36% | 25% | 21% | 33% | 0% | 35% | 37% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 13% |
3 Years: | 18% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 20% |
3 Years: | 116% |
TTM: | -33% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 15% |
3 Years: | 7% |
1 Year: | 5% |
Return on Equity | |
---|---|
10 Years: | 30% |
5 Years: | 30% |
3 Years: | 38% |
Last Year: | 35% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Dec 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
Reserves | 640 | 636 | 619 | 284 | 358 | 406 | 508 | 554 | 467 | 568 | 848 | 1,156 | 1,193 |
0 | 0 | 0 | 332 | 397 | 491 | 418 | 573 | 530 | 1,522 | 1,066 | 1,120 | 1,096 | |
180 | 391 | 297 | 349 | 486 | 477 | 553 | 661 | 1,620 | 783 | 891 | 923 | 962 | |
Total Liabilities | 844 | 1,051 | 940 | 988 | 1,265 | 1,397 | 1,503 | 1,811 | 2,641 | 2,897 | 2,829 | 3,223 | 3,275 |
233 | 221 | 228 | 216 | 453 | 471 | 518 | 654 | 1,665 | 1,583 | 1,437 | 1,437 | 1,837 | |
CWIP | 3 | 12 | 8 | 25 | 21 | 67 | 99 | 91 | 18 | 7 | 69 | 439 | 12 |
Investments | 74 | 23 | 24 | 26 | 0 | 0 | 0 | 0 | 0 | 150 | 207 | 171 | 114 |
534 | 795 | 679 | 721 | 790 | 860 | 885 | 1,066 | 958 | 1,158 | 1,115 | 1,176 | 1,313 | |
Total Assets | 844 | 1,051 | 940 | 988 | 1,265 | 1,397 | 1,503 | 1,811 | 2,641 | 2,897 | 2,829 | 3,223 | 3,275 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Dec 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
107 | 183 | 120 | 153 | 361 | 225 | 317 | 243 | 364 | 750 | 860 | 717 | |
-99 | 25 | 39 | 32 | -149 | -228 | -190 | -280 | -193 | -529 | 11 | -514 | |
-3 | -6 | -294 | -126 | -95 | -33 | -152 | 79 | -340 | -235 | -772 | -291 | |
Net Cash Flow | 5 | 202 | -136 | 60 | 118 | -36 | -25 | 42 | -169 | -14 | 99 | -89 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Dec 2011 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 46 | 38 | 50 | 47 | 41 | 49 | 55 | 56 | 61 | 57 | 48 | 45 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 46 | 38 | 50 | 47 | 41 | 49 | 55 | 56 | 61 | 57 | 48 | 45 |
Working Capital Days | 16 | -14 | 12 | 8 | 1 | 5 | -4 | -14 | -37 | -16 | -15 | -8 |
ROCE % | 30% | 43% | 28% | 32% | 48% | 31% | 28% | 17% | 13% | 17% | 31% | 26% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3h - Find copies of extracts of the Board Meeting Notice published in the Newspapers for your information and records.
- Board Meeting Intimation for Board Meeting Intimation For Board Meeting To Be Held On May 02, 2024 For Approval Of Audited Financial Results For The Quarter And Financial Year Ended March 31, 2024 1d
- Compliance Certificate Pursuant To Regulation 7(3) Of The Securities & Exchange Board Of India (LODR) Regulations, 2015, For The Financial Year Ended March 31, 2024 11 Apr
- Certificate Under Regulation 40(9) Of The SEBI (Listing Obligation & Disclosure Requirement) Regulations, 2015 11 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Certificate under regulation 74(5) for the quarter ended March 31, 2024
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
from nse
Concalls
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Feb 2024Transcript PPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptPPT
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May 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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Nov 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Sep 2019TranscriptNotesPPT
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Mar 2019TranscriptNotesPPT
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Jan 2019TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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Nov 2015TranscriptNotesPPT
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Sep 2015TranscriptNotesPPT
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Aug 2015TranscriptNotesPPT
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]