Blue Dart Express

₹8177.7 98 | 1.2%

WEBSITE BSE:526612 NSE : BLUE DART EX 06 Sep, 16:03

Market Cap ₹19404 Cr.

Stock P/E 66.2

P/B 13

Current Price ₹8177.7

Book Value ₹ 627

Face Value 10

52W High ₹8980

Dividend Yield 0.31%

52W Low ₹ 5490

Edit Ratio

Blue Dart Express Research see more...

Overview Inc. Year: 1991Industry: Courier Services

Blue Dart Express Ltd is engaged inside the enterprise of integrated air and ground transportation and distribution of time sensitive applications to various locations, mainly inside India. Its generation-based commercial enterprise offerings comprises TrackDart, MailDart, MobileDart, InternetDart, ShopTrack, PackTrack, ShipDart, Billing, Schedule a pickup, Waybill Generation, Location Finder, Transit Time Finder, Price Finder, Cosmat II, SMART, ImageDart. It presents carrier guides, which consist of Domestic Priority, Dart Apex, Dart Surfaceline, Dart Plus, Smart Box, Express Pallet, Airport-to-Airport, Interline, International Services and Fuel Surcharge. The Company offers transport of consignments to about 35,000 places in India and serves over 220 nations and territories and offers distribution services, which includes air specific, freight forwarding, deliver chain solutions and customs clearance. Its subsidiaries include Concorde Air Logistics Ltd and Blue Dart Aviation Ltd.

Blue Dart Express Share Price

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Peer Comparison

Blue Dart Express Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018
Net Sales	676	667	703	705	717
Other Income	6	6	6	6	5
Total Income	682	672	709	710	722
Total Expenditure	621	621	626	624	660
Operating Profit	61	52	83	86	62
Interest	8	8	8	6	4
Depreciation	11	11	11	11	11
Exceptional Income / Expenses	0	0	0	0	0
Profit Before Tax	42	32	63	69	47
Provision for Tax	17	11	22	24	13
Profit After Tax	25	21	41	45	34
Adjustments	-25	-21	-41	-45	-34
Profit After Adjustments	0	0	0	0	0
Adjusted Earnings Per Share	10.3	8.9	17.4	19.2	14.4

Blue Dart Express Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1934	2269	2552	2681	2791	3165	3166	3280	4409	5172	5268	2792
Other Income	42	24	31	28	23	20	14	13	28	51	72	23
Total Income	1976	2293	2582	2709	2814	3185	3181	3292	4437	5223	5340	2813
Total Expenditure	1762	2045	2221	2416	2531	2994	2979	2903	3705	4540	4750	2531
Operating Profit	215	248	361	292	282	192	202	389	732	683	589	283
Interest	0	11	31	31	26	15	32	32	24	17	19	26
Depreciation	27	44	40	44	45	48	153	201	169	167	187	44
Exceptional Income / Expenses	0	0	0	0	0	0	-64	-26	-36	0	0	0
Profit Before Tax	187	194	290	217	212	128	-47	131	504	499	383	211
Provision for Tax	63	67	100	77	70	41	-9	35	127	132	94	70
Profit After Tax	124	127	190	140	142	88	-38	96	376	366	289	141
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-141
Profit After Adjustments	124	127	190	140	142	88	-38	96	376	366	289	0
Adjusted Earnings Per Share	52.4	53.5	80.1	58.8	59.9	36.9	-16.1	40.6	158.6	154.4	121.6	59.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	2%	17%	11%	11%
Operating Profit CAGR	-14%	15%	25%	11%
PAT CAGR	-21%	44%	27%	9%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	31%	10%	30%	6%
ROE Average	21%	34%	22%	25%
ROCE Average	30%	45%	31%	31%

Blue Dart Express Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	635	297	471	522	621	665	584	679	955	1260	1439
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	332	332	166	71	75	53	23	0	0	0
Other Non-Current Liabilities	330	401	496	579	629	669	859	880	959	796	895
Total Current Liabilities	269	320	330	537	528	621	715	938	928	917	971
Total Liabilities	1234	1350	1628	1804	1850	2030	2210	2520	2842	2974	3305
Fixed Assets	228	215	243	234	219	247	562	494	432	483	541
Other Non-Current Assets	564	598	699	846	908	970	978	1003	1396	1500	1501
Total Current Assets	442	537	686	724	722	813	671	1023	1014	991	1263
Total Assets	1234	1350	1628	1804	1850	2030	2210	2520	2842	2974	3305

Blue Dart Express Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	236	105	165	286	254	225	264	96	81	181	93
Cash Flow from Operating Activities	120	153	271	143	210	157	94	449	583	319	446
Cash Flow from Investing Activities	43	32	-61	-58	-5	-46	-39	-394	-112	-217	-133
Cash Flow from Financing Activities	-294	-126	-89	-117	-235	-71	-222	-70	-371	-190	-242
Net Cash Inflow / Outflow	-131	60	121	-32	-30	40	-168	-15	100	-88	71
Closing Cash & Cash Equivalent	105	165	286	254	225	264	96	81	181	93	164

Blue Dart Express Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	52.42	53.45	80.06	58.82	59.88	36.92	-16.14	40.59	158.63	154.42	121.64
CEPS(Rs)	63.84	71.8	97.01	77.33	78.84	57.13	48.26	125.15	229.71	224.64	200.54
DPS(Rs)	50	20	30	15	12.5	12.5	0	15	60	30	25
Book NAV/Share(Rs)	267.7	125.19	198.31	219.84	261.79	280.13	245.88	286.2	402.28	530.85	605.26
Core EBITDA Margin(%)	8.92	9.87	12.96	9.86	9.29	5.43	5.92	11.48	15.96	12.22	9.82
EBIT Margin(%)	9.69	9.03	12.58	9.26	8.51	4.54	-0.48	4.96	11.97	9.98	7.63
Pre Tax Margin(%)	9.69	8.53	11.36	8.1	7.59	4.05	-1.49	4	11.42	9.64	7.27
PAT Margin (%)	6.43	5.59	7.44	5.21	5.09	2.77	-1.21	2.94	8.54	7.08	5.48
Cash Profit Margin (%)	7.83	7.51	9.02	6.84	6.7	4.28	3.62	9.05	12.36	10.31	9.03
ROA(%)	9.89	9.82	12.76	8.13	7.78	4.51	-1.81	4.07	14.04	12.6	9.19
ROE(%)	19.36	27.21	49.5	28.13	24.87	13.62	-6.14	15.26	46.08	33.1	21.41
ROCE(%)	29.17	32.39	44.84	29.98	28.93	17.98	-2.05	21.99	59.4	46.6	29.79
Receivable days	46.61	44.9	41.68	44.32	50.99	52.39	58.4	57.84	45.27	42.83	45.15
Inventory Days	0.48	0.54	0.65	0.73	0.65	0.6	0.55	0.53	0.53	0.52	0.57
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	70.79	136.04	75.77	88.02	63.07	97.05	0	137.37	43.14	40.18	50.81
Price/Book(x)	13.86	58.08	30.59	23.55	14.43	12.79	8.84	19.48	17.01	11.69	10.21
Dividend Yield(%)	1.35	0.28	0.49	0.29	0.33	0.35	0	0.27	0.88	0.48	0.4
EV/Net Sales(x)	4.5	7.68	5.66	4.61	3.19	2.65	1.62	3.98	3.64	2.83	2.75
EV/Core EBITDA(x)	40.56	70.16	39.97	42.3	31.53	43.73	25.43	33.56	21.93	21.42	24.6
Net Sales Growth(%)	-10.73	17.29	12.49	5.05	4.1	13.42	0.03	3.58	34.43	17.31	1.85
EBIT Growth(%)	-30.91	9.27	56.79	-22.66	-4.41	-39.46	-110.48	1180.81	224.16	-2.17	-22.11
PAT Growth(%)	-34.06	1.96	49.78	-26.53	1.81	-38.35	-143.71	351.53	290.86	-2.66	-21.23
EPS Growth(%)	-34.06	1.96	49.78	-26.53	1.81	-38.35	-143.71	351.53	290.86	-2.66	-21.23
Debt/Equity(x)	0	1.12	0.71	0.64	0.27	0.22	0.13	0.21	0	0	0
Current Ratio(x)	1.65	1.68	2.08	1.35	1.37	1.31	0.94	1.09	1.09	1.08	1.3
Quick Ratio(x)	1.64	1.66	2.06	1.34	1.36	1.3	0.93	1.08	1.08	1.07	1.29
Interest Cover(x)	6246.67	18.27	10.31	7.95	9.28	9.36	-0.47	5.13	21.89	29.63	20.86
Total Debt/Mcap(x)	0	0.02	0.02	0.03	0.02	0.02	0.01	0.01	0	0	0

Blue Dart Express Shareholding Pattern

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	75	75	75	75	75	75	75	75	75	75
FII	3.25	3.5	5.13	5.08	4.85	4.24	4.73	5.29	5.4	5.36
DII	9.52	9.6	7.9	8.45	9.86	11.11	11.76	11.77	11.73	12.65
Public	12.24	11.91	11.97	11.47	10.29	9.65	8.5	7.94	7.88	6.99
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	1.78	1.78	1.78	1.78	1.78	1.78	1.78	1.78	1.78	1.78
FII	0.08	0.08	0.12	0.12	0.11	0.1	0.11	0.13	0.13	0.13
DII	0.23	0.23	0.19	0.2	0.23	0.26	0.28	0.28	0.28	0.3
Public	0.29	0.28	0.28	0.27	0.24	0.23	0.2	0.19	0.19	0.17
Others	0	0	0	0	0	0	0	0	0	0
Total	2.37	2.37	2.37	2.37	2.37	2.37	2.37	2.37	2.37	2.37

Pros

Company has delivered good profit growth of 26% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 34%
Company is almost debt free.

Cons

Stock is trading at 13 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.

Blue Dart Express News

IPO

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Blue Dart Express

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Blue Dart Express Research see more...

Overview Inc. Year: 1991Industry: Courier Services

Blue Dart Express Share Price

Alert Data

Quarterly Price

Peer Comparison

Blue Dart Express Quarterly Results

Blue Dart Express Profit & Loss

Growth Rates

Blue Dart Express Balance Sheet

Blue Dart Express Cash Flow

Blue Dart Express Ratios

Blue Dart Express Shareholding Pattern

Blue Dart Express News

IPO

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