Login
Products
Login
Home
Alerts
Search
Watchlist
Products

Blue Dart Express Ltd

BLUEDART
NSE
5,475.30
1.26%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
Guidance Tracker
Alert
Watchlist
Note

Blue Dart Express Ltd

BLUEDART
NSE
5,475.30
1.26%
29 Apr '26, 4:00 PM
Company Overview
Guidance Tracker
Add Alert
Add to Watchlist
Edit Note
6M
Price
Charts
Documents

Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
12,992Cr
Close
Close Price
5,475.30
Industry
Industry
Logistics
PE
Price To Earnings
51.21
PS
Price To Sales
2.16
Revenue
Revenue
6,025Cr
Rev Gr TTM
Revenue Growth TTM
7.09%
PAT Gr TTM
PAT Growth TTM
-7.77%
Peer Comparison
How does BLUEDART stack up?
Compare up to 10 companies side by side across valuation, profitability, and growth.
BLUEDART
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
1,2171,2381,3241,3831,3231,3431,4481,5121,4171,4421,5491,616
Growth YoY
Revenue Growth YoY%
4.3-4.3-0.13.48.78.59.49.37.17.47.06.9
Expenses
ExpensesCr
1,0171,0471,1021,1701,0971,1411,2301,2721,2041,2461,2971,335
Operating Profit
Operating ProfitCr
199191223213226202218239213196252281
OPM
OPM%
16.415.416.815.417.115.115.115.815.013.616.317.4
Other Income
Other IncomeCr
910524119912121010-33
Interest Expense
Interest ExpenseCr
151920201921212120192224
Depreciation
DepreciationCr
9699111111113118121121124121131145
PBT
PBTCr
9782981081057285109816610979
Tax
TaxCr
272125192719222826172811
PAT
PATCr
696173897853638155498168
Growth YoY
PAT Growth YoY%
-49.3-48.4-22.00.312.0-12.8-14.0-8.9-29.1-8.629.5-15.7
NPM
NPM%
5.75.05.56.45.94.04.35.43.93.45.34.2
EPS
EPS
29.325.830.837.532.822.526.534.123.220.634.328.8

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
2,2722,5632,6902,7993,1743,1753,2884,4105,1725,2685,7206,025
Growth
Revenue Growth%
12.84.94.113.40.03.634.117.31.98.65.3
Expenses
ExpensesCr
2,0482,1572,3482,4482,8892,7012,6023,4114,2354,4154,8485,083
Operating Profit
Operating ProfitCr
2244063423512854746861,000937853873942
OPM
OPM%
9.915.812.712.69.014.920.922.718.116.215.315.6
Other Income
Other IncomeCr
2535262119-49-6-5325142-2
Interest Expense
Interest ExpenseCr
11434541431171118767788284
Depreciation
DepreciationCr
44102104114128347430395394433485521
PBT
PBTCr
194296219217134-39140512508393347335
Tax
TaxCr
6799797244338130138929582
PAT
PATCr
12719714014590-42102382371301252254
Growth
PAT Growth%
54.8-28.93.5-38.0-146.6343.2275.4-3.1-18.8-16.10.5
NPM
NPM%
5.67.75.25.22.8-1.33.18.77.25.74.44.2
EPS
EPS
54.583.058.961.037.8-17.642.9161.1156.2126.9106.4106.9

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
242424242424242424242424
Reserves
ReservesCr
2843584065085544675688481,1561,3441,5351,608
Current Liabilities
Current LiabilitiesCr
3243906176417879441,2911,2731,1161,4911,3181,352
Non Current Liabilities
Non Current LiabilitiesCr
3574973533294471,2061,015684928603786837
Total Liabilities
Total LiabilitiesCr
9881,2691,3991,5031,8112,6412,8972,8293,2233,4613,6633,821
Current Assets
Current AssetsCr
5376807377408637211,0801,0761,0601,2861,5031,581
Non Current Assets
Non Current AssetsCr
4515896617639481,9191,8171,7522,1632,1752,1592,240
Total Assets
Total AssetsCr
9881,2691,3991,5031,8112,6412,8972,8293,2233,4613,6633,821

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
153361225317243364750860717847735
Investing Cash Flow
Investing Cash FlowCr
32-149-228-190-280-193-52911-514-375-300
Financing Cash Flow
Financing Cash FlowCr
-126-95-33-15279-340-235-772-291-401-434
Net Cash Flow
Net Cash FlowCr
60118-36-2542-169-1499-89712
Free Cash Flow
Free Cash FlowCr
109246102119-44167590689147585488
CFO To PAT
CFO To PAT%
120.7183.4160.9218.8271.1-869.8736.8224.9193.4281.3291.2
CFO To EBITDA
CFO To EBITDA%
68.488.965.890.285.276.8109.386.076.599.384.3

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
17,25514,39512,2858,9638,5025,15713,23016,23914,72214,66514,579
Price To Earnings
Price To Earnings
334.973.288.062.094.80.0130.142.539.848.857.8
Price To Sales
Price To Sales
7.65.64.63.22.71.64.03.72.92.82.5
Price To Book
Price To Book
56.237.728.616.914.710.522.418.612.510.79.4
EV To EBITDA
EV To EBITDA
77.735.736.626.030.611.521.017.116.818.317.7
Profitability Ratios
Profitability Ratios
GPM
GPM%
100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0
OPM
OPM%
9.915.812.712.69.014.920.922.718.116.215.3
NPM
NPM%
5.67.75.25.22.8-1.33.18.77.25.74.4
ROCE
ROCE%
32.143.628.927.416.58.711.930.925.019.316.7
ROE
ROE%
41.451.532.627.215.5-8.517.243.831.422.016.2
ROA
ROA%
12.915.510.09.65.0-1.63.513.511.58.76.9
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Blue Dart Express Ltd. is South Asia’s premier express air and integrated transportation and distribution company, providing secure, reliable, and time-definite logistics solutions across India and internationally. With a presence in over **56,400 locations in India**, and access to a **global network spanning over 220 countries and territories** via its integration with **DHL eCommerce Solutions** under the **DPDHL Group**, Blue Dart holds a dominant position in both the domestic and cross-border logistics sectors. Founded in 1983 as a partnership firm, the company transitioned into a limited company and was listed on Indian stock exchanges in 1994. Since its acquisition by **DP-DHL in 2005**, which currently holds a **75% stake**, Blue Dart has evolved into a strategic growth engine for the DPDHL Group in India, particularly in the fast-expanding e-commerce logistics market. --- ### **Core Strengths & Network Capabilities** - **Dedicated Air & Ground Fleet:** Blue Dart owns and operates: - **6 Boeing 757-200** and **2 Boeing 737-800 freighter aircraft**, delivering **over 500 tonnes of cargo per night**. - A ground network of **over 12,000 vehicles**, including **549 electric vehicles (EVs)**, supporting sustainable last-mile delivery. - Over **2,284 facilities** across India, including India’s largest low-emission **Integrated Operating Facility in Bijwasan, New Delhi**. - **India’s Longest-Serving Private Cargo Airline:** Blue Dart Aviation Ltd. (BDAL), the company’s wholly-owned subsidiary, is **India’s only scheduled domestic cargo airline**, with **28 years of continuous operations**. BDAL operates self-sustaining aviation infrastructure, including **bonded warehouses, ground handling, and in-house maintenance**. - **Nationwide Coverage & Remote Reach:** Blue Dart provides extensive service penetration across **Tier-II, III, and IV towns**, covering **99% of India’s GDP**-generating areas. It continues to expand into emerging markets in regions such as **Northeast India**, where it established a **new operational gateway in Guwahati**. --- ### **Service Portfolio** Blue Dart offers a **comprehensive suite of integrated logistics solutions**, tailored for diverse industries and customer segments: #### **Core Services:** 1. **Air Express:** Time-definite delivery with solutions like *Domestic Priority 1030/1200* and *Dart Apex 1200*. 2. **Ground Express:** Scalable, cost-efficient surface delivery with products like *Dart Surfaceline*, *Dart Plus*, and *eCommerce Lite Surface*. 3. **Freight Forwarding & Charter Services:** Full truckload, speed trucking, and charter operations for high-volume or urgent shipments. 4. **Supply Chain & Customs Clearance:** End-to-end supply chain management and seamless international customs facilitation. #### **Industry-Specific Solutions:** - **Life Sciences & Healthcare:** - **Temperature Controlled Logistics (TCL)** with **8 pharma-grade conditioning rooms** in major cities. - **Med-Express Consortium** — launched under the Government of India’s **'Medicine from the Sky'** initiative — uses **drones** to deliver medical supplies (up to 5kg) to remote areas in partnership with **Telangana Govt, Ministry of Civil Aviation, NITI Aayog, and WEF**. - **Automotive & BFSI:** Secure, high-value shipments with specialized handling and documentation. - **Consumer Electronics & E-commerce:** Slotted deliveries, reverse logistics with **exchange capability**, and **16+ digital payment options** (UPI, wallets, cards, COD). --- ### **Technological Innovation & Digital Transformation** Blue Dart is driving a **"Technology Led Transformation"**, investing in digital infrastructure, automation, and AI to enhance efficiency, visibility, and customer experience. **Key Digital Initiatives:** - **Digital Account Opening (DAO):** A **10-minute, 5-step self-onboarding platform** for businesses, integrating profile creation, KYC, Aadhaar-based e-signing, and prepaid card activation. - **Digital Prepaid Card (DPC):** Enables real-time payment, instant recharge, OTP security, and no minimum balance for seamless shipping. - **Unified Shipping API & API Gateway:** Allows **seamless integration** with ERP, order, and warehouse management systems for MSMEs and enterprises. - **Real-Time Visibility:** 24x7 tracking via **'My Blue Dart' mobile app**, dynamic re-routing, and **Control Tower** for operational oversight. - **AI & Data Analytics:** AI-powered route optimization, demand forecasting, and **generative AI** exploration for enhanced decision-making. - **Contactless Delivery & Digital Payments:** Fully digital collections (100% post-pandemic) via UPI, QR codes, and handheld POS systems. --- ### **Strategic Growth Focus** - **E-commerce Enablement:** Blue Dart is a **preferred logistics partner for e-commerce**, supporting both **B2B (73% of FY24-25 revenue)** and **B2C (27%)** segments with **reverse pickup**, **slotted deliveries**, **Sunday/holiday operations**, and **digital parcel lockers** in partnership with **India Post**. - **SME & MSME Empowerment:** Dedicated teams offer **customized logistics plans** and **early access to tools**, enabling small businesses to scale nationally and globally. - **Asset-Light, Scalable Model:** Blue Dart follows an **asset-light strategy**, leasing trucks and facilities while focusing on **proprietary air fleet**, **technology**, and **operational control**. - **Expansion Initiatives:** - Added **40+ new retail stores, franchisees, and sales associates** (Jun 2024). - Launched **Blue Dart Affiliate Program (BDAP)** (Dec 2024) to onboard tech partners and expand ecosystem reach. - **Sustainability Leadership:** - India’s **largest low-emission logistics hub** in Bijwasan, powered by **solar energy**. - Fleet of **549 EVs**, investments in **renewable-powered warehousing**, and **carbon-neutral logistics** initiatives. --- ### **Financial Performance & Market Position** - **FY 2024–25 (ending March 31, 2025):** - **Operating Income:** ₹572,018 crores - **Net Profit After Tax:** ₹24,463 crores - **Domestic Shipments Handled:** **376.69 million** - **International Shipments:** **572,000** - **Total Cargo Weight:** **1.34 million tonnes** - **Recognition:** - Named **‘India’s Top Value Creator 2024’** in the **Transport & Logistics** sector. - Recognized as a **Superbrand**, **Most Trusted Brand**, and **Great Place to Work** for over a decade. - Maintains a **net service level of 99.96%**, reflecting high reliability and on-time delivery performance. --- ### **Leadership & Governance** - **MD & CEO:** **Balfour Manuel** (since May 2019), leading a **customer-centric, innovation-driven strategy**. - **MD, Blue Dart Aviation Ltd.:** **Tulsi Nowlakha Mirchandaney**, overseeing flight operations, security, and engineering. - **Board Structure:** Strategic collaboration with **DHL Group** through the **India Steering Committee**, maximizing synergies in infrastructure and service delivery.