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Blue Dart Express Limited
(BLUEDART)
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Rating:64Neutral
Price Target:
₹4,880.00
▼(-12.27% Downside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by solid financial resilience—strong cash generation and a significantly improved leverage profile—tempered by recent margin and earnings compression. Technicals are moderately supportive in the near term but mixed versus the 200-day trend, while a high P/E and low dividend yield weigh on the overall attractiveness.
Positive Factors
Strong Cash Generation
Consistently strong operating cash flow and substantial recent free cash flow provide financial flexibility beyond reported earnings. This supports network investment, debt servicing, and resilience when margins are pressured, helping sustain operations and strategic options over the next several quarters.
Negative Factors
Sustained Margin Compression
The multi-year decline in gross and net margins indicates that profitability has weakened materially despite continued revenue growth. Lower operating profitability can constrain reinvestment, reduce earnings conversion from future sales, and leave less cushion against cost or service-mix pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Consistently strong operating cash flow and substantial recent free cash flow provide financial flexibility beyond reported earnings. This supports network investment, debt servicing, and resilience when margins are pressured, helping sustain operations and strategic options over the next several quarters.
Read all positive factors
Blue Dart Express Limited (BLUEDART) vs. iShares MSCI India ETF (INDA)
Market Cap
₹107.10B
Dividend Yield0.55%
Average Volume (3M)849.00
Price to Earnings (P/E)37.7
Beta (1Y)1.01
Revenue Growth9.23%
EPS Growth15.83%
CountryIN
Employees13,251
SectorGeneral
Sector StrengthN/A
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)120.97
Shares Outstanding23,727,934
10 Day Avg. Volume1,135
30 Day Avg. Volume849
Financial Highlights & Ratios
PEG Ratio-22.85
Price to Book (P/B)6.34
Price to Sales (P/S)1.83
P/FCF Ratio23.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)162.27
Revenue Forecast (FY)₹68.35B
Blue Dart Express Limited Business Overview & Revenue Model
Company 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 throug...
How the Company Makes Money
Blue Dart primarily makes money by charging customers for the transportation and delivery of shipments, with pricing typically linked to factors such as shipment weight/volumetric weight, service level (time-definite/priority vs. deferred), origin...
Blue Dart Express Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
70
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 63.57B | 61.41B | 57.20B | 52.68B | 51.72B | 44.10B |
| Gross Profit | 10.47B | 9.94B | 9.84B | 9.60B | 10.11B | 10.21B |
| EBITDA | 10.06B | 9.48B | 9.15B | 9.04B | 9.70B | 9.95B |
| Net Income | 2.87B | 2.47B | 2.52B | 3.01B | 3.71B | 3.82B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 41.27B | 36.63B | 34.61B | 32.23B | 28.29B |
| Cash, Cash Equivalents and Short-Term Investments | 6.52B | 6.52B | 5.52B | 4.72B | 2.65B | 3.94B |
| Total Debt | 0.00 | 11.42B | 10.07B | 10.74B | 11.21B | 10.67B |
| Total Liabilities | -17.77B | 23.50B | 21.04B | 20.94B | 20.43B | 19.57B |
| Stockholders Equity | 17.77B | 17.77B | 15.59B | 13.67B | 11.80B | 8.72B |
Cash Flow | ||||||
| Free Cash Flow | 1.45B | 4.81B | 4.81B | 5.79B | 1.45B | 6.85B |
| Operating Cash Flow | 2.70B | 7.95B | 7.35B | 8.47B | 7.17B | 8.60B |
| Investing Cash Flow | -772.40M | -3.15B | -3.00B | -3.75B | -5.14B | 113.10M |
| Financing Cash Flow | -2.21B | -4.08B | -4.34B | -4.01B | -2.91B | -7.72B |
Blue Dart Express Limited Technical Analysis
Negative
5562.65
Price Trends
4946.98
Negative
4889.85
Negative
5135.39
Negative
Market Momentum
-108.37
Positive
31.89
Neutral
15.82
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BLUEDART, the sentiment is Negative. The current price of 5562.65 is above the 20-day moving average (MA) of 4762.82, above the 50-day MA of 4946.98, and above the 200-day MA of 5135.39, indicating a bearish trend. The MACD of -108.37 indicates Positive momentum. The RSI at 31.89 is Neutral, neither overbought nor oversold. The STOCH value of 15.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BLUEDART.
Blue Dart Express Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹107.10B | 37.72 | ― | 0.55% | 9.23% | 15.83% | |
63 Neutral | ₹19.00B | 22.73 | ― | 1.79% | 5.16% | -0.69% | |
56 Neutral | ₹40.51B | 111.27 | ― | 0.60% | 16.93% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹56.17B | 89.50 | ― | ― | 16.89% | 28.73% | |
52 Neutral | ₹299.34B | 323.41 | ― | ― | 23.10% | -53.19% |
* General Sector Average
IN:BLUEDART
Blue Dart Express Limited
4,560.60
-973.59
-17.59%
IN:DELHIVERY
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410.00
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IN:MAHLOG
Mahindra Logistics Ltd.
414.85
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16.66%
IN:TCIEXP
TCI Express Ltd.
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IN:TVSSCS
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IN:SHADOWFAX
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287.75
177.77
161.64%
Blue Dart Express Limited Corporate Events
Blue Dart Discloses AGM Voting Results to Exchanges
Sep 22, 2026
Blue Dart Express Limited has reported to the stock exchanges the voting outcomes of its Annual General Meeting held on September 22, 2026, conducted via video conferencing and other audio-visual means.The company submitted the scrutinizer’s...
Blue Dart Plans Leadership Shift as R.S. Subramanian Takes Helm
Sep 16, 2026
Blue Dart Express Limited has announced a planned leadership transition, appointing R.S. Subramanian as Managing Director effective 30 November 2026, subject to approvals. He will succeed long-serving executive Balfour Manuel, who steps down on 29...
Blue Dart Announces Board Changes With Director Appointment and Resignation
Jul 10, 2026
Blue Dart Express Limited has announced changes to its board, appointing Charles Simon Dobbie as an Additional Director in a non-executive, non-independent capacity with effect from July 10, 2026, subject to shareholder approval at the upcoming An...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.