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Blue Dart Express Limited (BLUEDART.NS)

INR4,919.60 +16.00 (+0.33%)
IN NSE Industrials Integrated Freight & Logistics
Address Blue Dart Centre 400099
Mumbai, IN
CEO Balfour Manuel
IPO 2002-07-01
ISIN INE233B01017

Explore sections of this company profile

Also trades on Bombay Stock Exchange · BLUEDART.BO (INR) National Stock Exchange of India · BLUEDART.NS (INR)
Description

Blue Dart Express Limited specializes in comprehensive courier and expedited shipping services. The company offers a diverse portfolio of air and ground-based logistics solutions, ensuring day-definite and time-definite delivery commitments through signature services like Domestic Priority, Dart Apex, Dart Surfaceline, and Dart Plus. Specifically, its Dart Surfaceline service extends door-to-door ground distribution to roughly 35,000 locales across India, catering to consignments weighing 10 kilograms or more. Additionally, Blue Dart provides tailored services designed for various industries. Its offerings further encompass air cargo transportation connecting key metropolitan airports, including Kolkata, Delhi, Mumbai, Bangalore, Chennai, Hyderabad, and Ahmedabad. Beyond standard parcel delivery, Blue Dart facilitates specialized packaging solutions like the Smart Box for both air and ground express, alongside wood-free palletized options. It accommodates heavier freight, handling shipments of 50kg, 75kg, and upwards of 100kg. The company extends its reach to international destinations and provides critical temperature-controlled logistics. Furthermore, it manages a dedicated domestic express airline charter for efficient operations. Blue Dart's robust infrastructure comprises a fleet of six Boeing 757-200 freighter aircraft, capable of transporting approximately 500 tonnes nightly. This is complemented by an extensive ground network featuring roughly 12,000 vehicles and 2,347 operational facilities. Established in Mumbai, India, in 1983, Blue Dart Express Limited operates as a subsidiary of DHL Express (Singapore) Pte. Ltd.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR4,919.60 +16.00 (+0.33%)
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Volume Profile
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Liquidity & share structure
Average Volume
15.1K
Beta
0.27
Float Shares
5.61M
Free Float %
23.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.73% -9.58% -0.06% -11.42% -16.36% -6.40% -22.91% -12.45% -3.67% -5.11% +25,206.07%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
4,919.60
DCF (Unlevered) 13,028.88 +164.8%
DCF (Levered) 12,496.71 +154.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 80% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 2 0
Hold 0 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.40
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Integrated Freight & Logistics: +6.5%
    +7.4% Q1'26: +8.2% (vs Q1'25)
  • EPS growth Integrated Freight & Logistics: +7.1%
    -2.0% Q1'26: -11.4% (vs Q1'25)
  • FCF margin FCF growth · Integrated Freight & Logistics: +60.0%
    +7.4% Q1'26: +9.5% (vs Q1'25)
  • EBIT margin Integrated Freight & Logistics: +6.9%
    +6.8% Q1'26: +6.3% (vs Q1'25)
  • ROIC Integrated Freight & Logistics: +6.4%
    +13.8% Q1'26: +11.7% (vs Q1'25)
  • Share dilution Integrated Freight & Logistics: +0.1%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Integrated Freight & Logistics: 0.95×
    1.20× Q1'26: 1.14× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.38) × ERP
WACC = 92% × Ke + 8% × Kd (7.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 12,691.68 Current price: 4,919.60
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 1996
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
3 Rev. Ana.
3 EPS Ana.
Mar 2027
3 Rev. Ana.
3 EPS Ana.
Mar 2028
3 Rev. Ana.
3 EPS Ana.
Mar 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
1.23B
est.
19.37B
est: 19.59B (-1.1%)
22.72B
est: 22.59B (+0.6%)
25.63B
est: 26.11B (-1.9%)
26.90B
est: 26.96B (-0.3%)
27.99B
est: 28.00B (0.0%)
31.74B
est: 31.89B (-0.4%)
31.75B
est: 32.98B (-3.7%)
32.88B
est: 32.35B (+1.6%)
44.10B
est: 42.37B (+4.1%)
51.72B
est: 51.45B (+0.5%)
52.68B
est: 52.83B (-0.3%)
57.20B
est: 57.83B (-1.1%)
61.72B
61.67B – 61.78B
+6.7% YoY
68.03B
67.10B – 68.96B
+10.2% YoY
74.93B
74.39B – 75.47B
+10.1% YoY
80.25B
79.42B – 81.07B
+7.1% YoY
EBITDA
234.85M
est.
2.12B
est: -645.95M (+427.9%)
2.49B
est: 2.87B (-13.2%)
4.41B
est: 2.89B (+52.4%)
3.68B
est: 4.17B (-11.7%)
3.72B
est: 3.30B (+12.6%)
3.05B
est: 3.22B (-5.3%)
4.26B
est: 2.47B (+72.2%)
6.81B
est: 1.63B (+318.5%)
9.95B
est: 1.93B (+415.1%)
9.70B
est: 2.20B (+340.7%)
9.04B
est: 2.53B (+256.7%)
9.15B
est: 10.43B (-12.3%)
11.10B
11.09B – 11.11B
+6.4% YoY
12.23B
12.07B – 12.40B
+10.2% YoY
13.47B
13.38B – 13.57B
+10.1% YoY
14.43B
14.28B – 14.58B
+7.1% YoY
EBIT
120.41M
est.
1.85B
est: 142.84M (+1,191.9%)
2.05B
est: 1.70B (+20.4%)
3.39B
est: 2.08B (+63.0%)
2.64B
est: 3.36B (-21.3%)
2.58B
est: 2.56B (+0.4%)
1.77B
est: 2.55B (-30.8%)
782.60M
est: 1.69B (-53.6%)
2.51B
est: 718.58M (+248.9%)
5.99B
est: 853.02M (+602.5%)
5.75B
est: 971.79M (+491.7%)
4.71B
est: 1.12B (+320.7%)
4.30B
est: 5.56B (-22.7%)
5.91B
5.91B – 5.92B
+6.4% YoY
6.52B
6.43B – 6.61B
+10.2% YoY
7.18B
7.13B – 7.23B
+10.1% YoY
7.69B
7.61B – 7.77B
+7.1% YoY
Net Income
141.75M
est.
1.23B
est: -666.58M (+283.9%)
1.29B
est: 1.42B (-9.2%)
1.96B
est: 1.49B (+31.9%)
1.40B
est: 2.15B (-35.1%)
1.45B
est: 1.50B (-3.8%)
897.60M
est: 1.54B (-41.7%)
-418.60M
est: 957.16M (-143.7%)
1.02B
est: -357.45M (+384.8%)
3.82B
est: -424.33M (+1,000.7%)
3.71B
est: -483.41M (+866.5%)
3.01B
est: -556.65M (+640.8%)
2.52B
est: 2.96B (-14.8%)
3.48B
3.12B – 3.88B
+17.6% YoY
4.16B
4.11B – 4.22B
+19.6% YoY
4.82B
4.75B – 4.88B
+15.7% YoY
5.28B
5.21B – 5.35B
+9.7% YoY
SGA
14.96M
est.
192.20M
est: 7.46B (-97.4%)
975.10M
est: 4.89B (-80.1%)
1.52B
est: 5.90B (-74.3%)
1.75B
est: 8.93B (-80.4%)
1.83B
est: 9.83B (-81.4%)
2.08B
est: 9.94B (-79.1%)
630.10M
est: 11.59B (-94.6%)
364.30M
est: 8.44B (-95.7%)
524.70M
est: 10.02B (-94.8%)
644.90M
est: 11.42B (-94.4%)
638.60M
est: 13.15B (-95.1%)
752.10M
est: 1.67B (-55.0%)
1.78B
1.78B – 1.78B
+6.4% YoY
1.96B
1.93B – 1.99B
+10.2% YoY
2.16B
2.14B – 2.17B
+10.1% YoY
2.31B
2.29B – 2.33B
+7.1% YoY
EPS
5.97
est.
51.67
est: 56.41 (-8.4%)
54.51
est: 62.70 (-13.1%)
82.95
est: 91.00 (-8.8%)
58.94
est: 74.34 (-20.7%)
60.99
est: 50.56 (+20.6%)
37.83
est: 48.31 (-21.7%)
-17.64
est: 29.41 (-160.0%)
42.91
est: 38.29 (+12.1%)
161.08
est: 155.06 (+3.9%)
156.16
est: 153.53 (+1.7%)
126.86
est: 125.21 (+1.3%)
106.38
est: 118.97 (-10.6%)
146.74
131.47 – 163.51
+23.3% YoY
175.49
173.14 – 177.84
+19.6% YoY
202.96
200.24 – 205.67
+15.7% YoY
222.70
219.72 – 225.68
+9.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.58B
OE per share TTM
66.70
Owner's Yield
1.27%
Maintenance CapEx ratio
73.64%
Maint CapEx / Avg PPE
36.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 16 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 998.4K 0.06%
2 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 73.5K 0.26%
3 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 32.6K 0.48%
4 Vanguard FTSE Emerging Markets ETF VWO 0.00% 3.63M 0.06%
5 Vanguard ESG International Stock ETF VSGX 0.00% 51.4K 0.10%
6 Vanguard Total International Stock ETF VXUS 0.00% 4.15M 0.05%
7 Vanguard Total World Stock ETF VT 0.00% 370.1K 0.06%
8 Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating V3AA.L 0.00% 6.5K 0.24%
9 Vanguard ESG Global All Cap UCITS ETF (USD) Distributing V3AL.L 0.00% 6.5K 0.24%
10 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 5.8K 0.22%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
330.5K
Shares Outstanding
23.73M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Tushar Jayant Gunderia Company Secretary and Head of Legal & Compliance 8M male
Beena Mathen Jacob Chief Human Resources Officer female
Manoj Madhavan Chief Information Officer male
Nitin Varkey Chief of Staff male
Sagar Patil Chief Financial Officer & Head of Corporate Accounts male
Sandeep Petkar Regional Head of South male
Sonia Nair Vice President & Head of Customer Service female
Subrata Biswas Regional Head of East male
Balfour Manuel MD & Executive Director male
Vikram Mansukhani National Operations Head male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits