BLUEDARTServices

Blue Dart Express Limited

Logistics Solution Provider · ISIN INE233B01017 · BSE 526612 · NSE EQ · FV ₹10
Last price
₹4,811
-0.81%today
What this company does

Blue Dart Express Limited operates in Logistics Solution Provider, part of the Services sector. It booked ₹1,658 cr of revenue in its latest quarter (Q1 FY27) and kept 5.3% of sales as profit. It is the 4th largest of 9 Logistics Solution Provider companies we track, by market value.

62out of 100
Equitytale Health Score
Mixed

Healthier than 62% of companies in Services, on all six measures of filed financials. Each measure is ranked against the 50–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
38

At close. Not part of the score.

Profitability & returns73

How much profit it earns on the money it employs

Balance sheet56

How much it owes, and whether earnings cover the interest

Cash quality86

Whether reported profit actually arrives as cash

Growth & consistency47

Whether sales and profit have grown, and how steadily

Valuation20

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 15% vs last year
Profit up 81% vs last year
Promoters hold 75%
No promoter shares pledged
Strong 20% return on equity
Turns profit into real cash
Watch-outs
! Thin 5.3% net margin

What if I invest in BLUEDART?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 1% a year, it would become
₹12.62 lakh

The slider starts at 1%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹4,811 -0.81%
latest close · 2026-09-17
1-year return
-15.5%
52-wk low ₹4,71652-wk high ₹7,850
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio32.3High
LowAverageHigh
P/B ratio6.43High
Below bookModerateHigh
EV / EBITDA10.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity19.9%Strong
WeakFairStrong ▸15%
Return on capital22.9%Strong
WeakFairStrong
Net margin5.3%Decent
ThinDecentStrong
EBITDA margin16.7%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.11Comfortable
LowModerateHigh ▸1
Interest cover6.8×Strong
RiskyOkayStrong ▸5×
Current ratio1.10Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹11,417 cr
Book value
₹749
EPS
₹37.29
latest quarter
Net debt
₹-38 cr
more cash than debt
Enterprise value
₹11,379 cr
EBITDA
₹1,107 cr
annualised
EBIT
₹559 cr
annualised
Operating margin
8.4%
Return on assets
8.6%
Earnings yield
3.10%
P/S
1.72
Sales / share
₹2,794.3
Tax rate
25.7%
Face value
₹10
Shares
2.4 cr
Working capital
₹161 cr
Current assets
₹1,852 cr
Current liabilities
₹1,691 cr
Delivery %
51.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹1,252₹1,960, midpoint ₹1,606

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,658 cr
Other Income₹15 cr
Total Income₹1,673 cr
Cost of Materials₹966 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹278 cr
Finance Costs₹21 cr
Depreciation & Amortisation₹137 cr
Other Expenses₹153 cr
Total Expenses₹1,554 cr
Profit before Tax₹119 cr
Tax Expense₹31 cr
Net Profit₹88 cr
Net margin on total income5.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹966 cr57.7%
Employee benefit expense₹278 cr16.6%
Finance costs₹21 cr1.2%
Depreciation & amortisation₹137 cr8.2%
Other expenses₹153 cr9.1%
Tax expense₹31 cr1.8%
Profit for the period₹88 cr5.3%
Total income ₹1,673 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,616 cr1,533 cr1,658 cr
Total income1,627 cr1,545 cr1,673 cr
Expenses1,504 cr1,473 cr1,554 cr
Profit before tax79 cr73 cr119 cr
Tax11 cr24 cr31 cr
Net profit (owners' share)68 cr49 cr88 cr
Net margin (owners' share, on revenue)4.2%3.2%5.3%
EPS (₹)28.7920.5937.29
YoY (latest quarter): total income +15.2% · net profit +81.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹4,127 cr
Shareholder equity
₹1,777 cr
parent shareholders
Total debt
₹200 cr
Cash
₹238 cr
Cash flow · H1 FY26
Operating
₹270 cr
Investing
₹-77 cr
Financing
₹-221 cr
Peer comparison
Logistics Solution Provider · by market value
CompanyPriceMarket capP/E
Container Corporation of India Limited₹488₹37,178 cr34.6
Delhivery Limited₹426₹31,897 cr247.6
Shadowfax Technologies Limited₹252₹14,724 cr56.7
Blue Dart Express Limitedthis company₹4,811₹11,417 cr32.3
Shiprocket Limited₹121₹7,694 cr
Transport Corporation of India Limited₹827₹6,364 cr15.0
TVS Supply Chain Solutions Limited₹130₹5,743 cr69.2
VRL Logistics Limited₹288₹5,037 cr15.6
Mahindra Logistics Limited₹390₹3,865 cr38.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.52%
trailing 12 months
Dividend / share (TTM)
₹25
Last dividend
₹25
ex 15 Sep 2026
ActionDetailEx-date
Dividend₹25 / share15 Sep 2026
Dividend₹25 / share6 Aug 2025
Dividend₹25 / share12 Jul 2024
Dividend₹30 / share19 Jul 2023
Dividend₹35 / share18 Jul 2022
Dividend₹25 / share8 Feb 2022
Who owns it · 2026-06-30
No pledge
Promoter
75.0%
FII / Foreign
3.4%
DII / Domestic
14.5%
Retail / others
7.2%
Smart-money activity
Insider trades
SoldBalfour Manuel · Employees/Designated Employees118 · ₹4.1 L29 Aug 18
SoldBalfour Manuel · Employees/Designated Employees228 · ₹7.9 L28 Aug 18
SoldBalfour Manuel · Employees/Designated Employees452 · ₹15.8 L27 Aug 18
Bulk / block deals
short · NSE319 Mar 26
short · NSE3651 Jan 26
short · NSE108 Dec 25
Stake changes
BoughtHDFC Mutual Fund→ 7.17% · 5.12 L20 Jan 26
BoughtHDFC Mutual Fund→ 5.01% · 38,9346 Aug 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 13 Aug 2025
See the official result
1
(a)Adoption of Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon; and (b)Adoption of Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
35.92 L votes for, 2,509 against · 0% of mutual funds and other big investors said no
2
Declaration of Dividend of Rs. 25/- (Rupees Twenty Five Only) per Equity share for the financial year ended March 31, 2025
Backed by 100% of shareholders other than promotersneeded 50%
35.92 L votes for, 2,538 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. R.S.Subramanian (DIN 02946608) as a Director, liable to retire by rotation
Backed by 88% of shareholders other than promotersneeded 50%
31.46 L votes for, 4.48 L against · 12% of mutual funds and other big investors said no
4
Approval for revision in remuneration of Mr. Balfour Manuel, Managing Director (DIN: 08416666) for the period April 01, 2025 to March 31, 2026
Backed by 95% of shareholders other than promotersneeded 50%
34.07 L votes for, 1.86 L against · 5% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 75.0% between them · as of 2026-06-30
DHL Express (Singapore) Pte Ltd75.00%
Business done with them
FY2025 · 1 of the group
The company paid ₹44 cr to companies in the promoter group last year — about 0.8% of its ₹5,720 cr revenue.
DHL Express (Singapore) Pte. Limited
Other payments to them · Please refer to the description as given below
also owns 75.00% of the company
₹44 cr
company paid

The company also transacted with 25 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.