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 ₹ 11,249 Cr.
- Current Price ₹ 4,742
- High / Low ₹ 7,080 / 4,683
- Stock P/E 40.1
- Book Value ₹ 749
- Dividend Yield 0.53 %
- ROCE 16.6 %
- ROE 16.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 18.3%
- Company has been maintaining a healthy dividend payout of 22.4%
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,272 | 2,563 | 2,690 | 2,799 | 3,174 | 3,175 | 3,288 | 4,410 | 5,172 | 5,268 | 5,720 | 6,141 | |
| 2,048 | 2,157 | 2,348 | 2,447 | 2,888 | 2,701 | 2,602 | 3,410 | 4,235 | 4,415 | 4,844 | 5,190 | |
| Operating Profit | 224 | 406 | 342 | 352 | 286 | 475 | 686 | 1,000 | 938 | 853 | 876 | 951 |
| OPM % | 10% | 16% | 13% | 13% | 9% | 15% | 21% | 23% | 18% | 16% | 15% | 15% |
| 25 | 35 | 26 | 20 | 19 | -49 | -6 | -5 | 32 | 51 | 38 | -2 | |
| Interest | 11 | 43 | 45 | 40 | 43 | 117 | 111 | 87 | 67 | 78 | 82 | 86 |
| Depreciation | 44 | 102 | 104 | 114 | 128 | 347 | 430 | 395 | 394 | 433 | 485 | 536 |
| Profit before tax | 194 | 296 | 219 | 217 | 134 | -39 | 140 | 512 | 508 | 393 | 347 | 327 |
| Tax % | 34% | 33% | 36% | 33% | 33% | 7% | 27% | 25% | 27% | 23% | 27% | 24% |
| 129 | 197 | 140 | 145 | 90 | -42 | 102 | 382 | 371 | 301 | 252 | 247 | |
| EPS in Rs | 54.51 | 82.95 | 58.93 | 60.99 | 37.83 | -17.64 | 42.91 | 161.08 | 156.16 | 126.86 | 106.38 | 104.26 |
| Dividend Payout % | 294% | 36% | 25% | 21% | 33% | 0% | 35% | 37% | 19% | 20% | 24% | 24% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 13% |
| 3 Years: | 6% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 19% |
| 3 Years: | -8% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -5% |
| 3 Years: | -8% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 25% |
| 3 Years: | 18% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 284 | 358 | 406 | 508 | 554 | 467 | 568 | 848 | 1,156 | 1,344 | 1,535 | 1,753 |
| 332 | 397 | 491 | 418 | 573 | 530 | 1,522 | 1,066 | 1,120 | 1,073 | 1,007 | 1,142 | |
| 349 | 486 | 477 | 553 | 661 | 1,620 | 783 | 891 | 923 | 1,021 | 1,097 | 1,208 | |
| Total Liabilities | 988 | 1,265 | 1,397 | 1,503 | 1,811 | 2,641 | 2,897 | 2,829 | 3,223 | 3,461 | 3,663 | 4,127 |
| 216 | 453 | 471 | 518 | 654 | 1,665 | 1,583 | 1,437 | 1,437 | 1,823 | 1,814 | 2,035 | |
| CWIP | 25 | 21 | 67 | 99 | 91 | 18 | 7 | 69 | 439 | 74 | 77 | 27 |
| Investments | 26 | 0 | 0 | 0 | 0 | 0 | 150 | 207 | 171 | 307 | 386 | 413 |
| 721 | 790 | 860 | 885 | 1,066 | 958 | 1,158 | 1,115 | 1,176 | 1,257 | 1,386 | 1,652 | |
| Total Assets | 988 | 1,265 | 1,397 | 1,503 | 1,811 | 2,641 | 2,897 | 2,829 | 3,223 | 3,461 | 3,663 | 4,127 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 361 | 225 | 317 | 243 | 364 | 750 | 860 | 717 | 847 | 735 | 810 | |
| 32 | -149 | -228 | -190 | -280 | -193 | -529 | 11 | -514 | -375 | -300 | -315 | |
| -126 | -95 | -33 | -152 | 79 | -340 | -235 | -772 | -291 | -401 | -434 | -424 | |
| Net Cash Flow | 60 | 118 | -36 | -25 | 42 | -169 | -14 | 99 | -89 | 71 | 2 | 72 |
| Free Cash Flow | 94 | 252 | 57 | 119 | -44 | 167 | 590 | 689 | 147 | 585 | 488 | 498 |
| CFO/OP | 102% | 116% | 91% | 114% | 113% | 90% | 113% | 100% | 93% | 107% | 94% | 98% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 41 | 49 | 55 | 56 | 61 | 57 | 48 | 45 | 46 | 50 | 55 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 47 | 41 | 49 | 55 | 56 | 61 | 57 | 48 | 45 | 46 | 50 | 55 |
| Working Capital Days | 8 | 0 | -18 | -17 | -22 | -37 | -74 | -49 | -23 | -47 | -23 | -11 |
| ROCE % | 32% | 48% | 31% | 28% | 17% | 13% | 17% | 31% | 26% | 19% | 16% | 17% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Shipments Lakhs |
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Extracted by Screener AI
Documents
Announcements
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Clarification On XBRL Filing Of Financial Results For The Quarter Ended March 31, 2026
1d - Blue Dart clarifies March 2026 results were unaudited; XBRL selected 'Audited' in error.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
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Compliances-Reg.24(A)-Annual Secretarial Compliance
26 May - Blue Dart filed FY2025-26 secretarial compliance report; three minor RPT approvals were later ratified.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
25 May - Blue Dart schedules one-on-one physical investor call with HDFC MF on May 29, 2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 18 May
Annual reports
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Financial Year 2025
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Financial Year 2019
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Financial Year 2018
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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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Concalls
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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]