Blue Dart Express Ltd
NSE: BLUEDART · Logistics Solution Provider · sector
₹4,266.20NSE close 2026-10-26
Key numbers
Market cap₹10,124 cr
Price₹4,266.20
52w high / low₹7,036 / ₹4,266
P/E35.3xSector median 13.7x
P/B5.7xSector median 1.4x
Book value₹748.8
Dividend yield0.59%Sector median 0.60%
ROE17.2%Sector median 9.1%
ROCE23.6%Sector median 11.4%
OPM15.3%Sector median 7.0%
Debt / equity0.11xSector median 0.24x
EV/EBITDA9.9xSector median 8.9x
Interest cover5.3x
Current ratio1.10x
Sales growth 3y+5.9%Sector median +7.7%
Profit growth 3y-12.6%Sector median -9.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 51 companies in Logistics Solution Provider (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹652 cr vs borrowings ₹200 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 5.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 17% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹4,266.20 on 2026-10-26: -39.4% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹8,594.25 · low ₹4,266.20
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,448 | 1,512 | 1,417 | 1,442 | 1,549 | 1,616 | 1,533 | 1,658 |
| EBITDA | 218 | 239 | 213 | 196 | 252 | 237 | 222 | 261 |
| OPM % | 15.1% | 15.8% | 15.0% | 13.6% | 16.3% | 14.7% | 14.5% | 15.8% |
| Other income | 9 | 12 | 12 | 10 | 10 | 10 | 12 | 15 |
| Net profit | 63 | 81 | 55 | 49 | 81 | 68 | 49 | 88 |
| EPS (₹) | 26.49 | 34.14 | 23.24 | 20.58 | 34.30 | 28.79 | 20.59 | 37.29 |
| Revenue YoY | +7.0% | +6.9% | +8.2% | +15.0% | ||||
| Profit YoY | +29.5% | -15.7% | -11.4% | +81.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 4,410 | 5,172 | 5,268 | 5,720 | 6,141 | 6,357 |
| EBITDA | 964 | 937 | 853 | 873 | 907 | 972 |
| Net profit | 382 | 371 | 301 | 252 | 247 | 287 |
| EPS (₹) | 161.08 | 156.16 | 126.86 | 106.38 | 104.26 | 120.97 |
| Revenue growth | +17.3% | +1.8% | +8.6% | +7.4% | +9.2% | |
| Profit growth | -3.1% | -18.8% | -16.1% | -2.0% | +15.8% | |
| Dividend / share (₹) | 40.00 | 35.00 | 30.00 | 25.00 | 25.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +5.9% | +13.3% | +9.2% |
| Net profit | -12.6% | +19.4% | +15.8% |
| EPS | -12.6% | +19.4% | – |
| Share price | – | -27.1% (2y) | -21.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,180 | 1,367 | 1,559 | 1,777 |
| Borrowings | – | 250 | 255 | 200 | 200 |
| Cash & equivalents | – | 266 | 474 | 553 | 652 |
| Total assets | – | 3,223 | 3,461 | 3,663 | 4,127 |
| Fixed assets | – | 1,388 | 1,753 | 1,756 | 1,995 |
| Capital work in progress | – | 415 | 73 | 77 | 27 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 637 | 670 | 786 | 918 |
| Inventory | – | 39 | 52 | 52 | 56 |
| Payables | – | 585 | 607 | 685 | 755 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 860 | 717 | 847 | 735 | 810 |
| Cash from investing | 11 | -514 | -375 | -300 | -315 |
| Cash from financing | -772 | -291 | -401 | -434 | -424 |
| Capex | 0 | 571 | 268 | 254 | 315 |
| Free cash flow | 860 | 145 | 579 | 481 | 496 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 31.4% | 22.0% | 16.2% | 13.9% |
| ROCE % | – | 40.2% | 29.0% | 24.4% | 20.9% |
| Debtor days | – | 45 | 46 | 50 | 55 |
| Inventory days | – | 5 | 6 | 6 | 6 |
| Payable days | – | 71 | 73 | 75 | 77 |
| Cash conversion cycle (days) | – | -21 | -21 | -19 | -16 |
| Working capital days | – | 2 | -9 | 16 | 10 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 75.00% |
| FIIs | 3.30% |
| DIIs | 14.30% |
| of which Mutual funds | 11.76% |
| of which Insurance | 2.44% |
| Public (non-institutions) | 7.40% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| Promoter group | % |
|---|---|
| DHL Express (Singapore) Pte Ltd | 75.00% |
| Public holders above 1% | % |
|---|---|
| HDFC Mutual Fund - HDFC BSE 500 Index Fund | 8.55% |
| ICICI Prudential Life Insurance Company Limited | 2.00% |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Transportation & Logistics Fund | 1.71% |
| Bright Star Investments | 1.19% |
| Canara Robeco Mutual Fund A/C Canara Robeco Large and MID CAP Fund | 1.06% |
38,568 shareholders. Pledged: 0.00% of promoter shares.
Peers in Logistics Solution Provider
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| CONCOR | ₹31,348 cr | 25.1x | 2.4x | 9.8% | 13.2% | 21.6% | +3.6% | 2.22% |
| DELHIVERY | ₹28,082 cr | 300.0x | 2.9x | 1.0% | 2.2% | 5.5% | +13.3% | – |
| SHADOWFAX | ₹16,722 cr | 128.7x | 9.6x | 6.4% | 7.5% | 5.0% | – | – |
| BLUEDART | ₹10,124 cr | 35.3x | 5.7x | 17.2% | 23.6% | 15.3% | +5.9% | 0.59% |
| TCI | ₹6,508 cr | 14.2x | 2.5x | 19.4% | 15.8% | 10.6% | +9.1% | 1.08% |
| TVSSCS | ₹4,879 cr | 75.7x | 2.4x | 3.4% | 8.3% | 7.0% | – | – |
| VRLLOG | ₹4,687 cr | 17.6x | 4.1x | 24.0% | 28.1% | 20.4% | +6.7% | 3.73% |
| MAHLOG | ₹3,871 cr | 104.6x | 3.3x | 4.8% | 11.9% | 5.5% | +10.9% | 0.46% |
| AFCOM | ₹3,781 cr | 18.9x | 8.3x | 54.4% | 45.9% | 35.1% | – | – |
| GATEWAY | ₹2,323 cr | 9.5x | 1.0x | 10.9% | 13.2% | 21.6% | +15.9% | 7.17% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-15 | Dividend | Dividend - Rs 25 Per Share |
| 2025-08-06 | Dividend | Dividend - Rs 25 Per Sh |
| 2024-07-12 | Dividend | Annual General Meeting/Dividend - Rs 25 Per Share |
| 2023-07-19 | Dividend | Annual General Meeting/Dividend - Rs 30 Per Share |
| 2022-07-18 | Dividend | Annual General Meeting/Dividend - Rs 35 Per Share |
| 2022-02-08 | Dividend | Interim Dividend - Rs 25 Per Share |
| 2021-07-20 | Dividend | Annual General Meeting/Dividend - Rs 15 Per Share |
| 2019-07-22 | Dividend | Annual General Meeting/ Dividend - 12.50 Per Share |
| 2018-07-20 | Dividend | Annual General Meeting / Dividend- Rs 12.50 Per Share |
| 2017-07-18 | Dividend | Annual General Meeting/Dividend-Rs 15/- Per Share |
| 2016-07-19 | Dividend | Annual General Meeting/ Dividend - Rs 25/- Per Share + Special Dividend - Rs 5/- Per Share |
| 2015-07-20 | Dividend | Annual General Meeting/Dividend - Rs 20/- Per Share |
| 2014-11-17 | Bonus | Scheme Of Arrangement - Issue Of Bonus Debentures |
| 2014-07-14 | Dividend | Annual General Meeting/Dividend Rs 15/- Per Share |
| 2014-02-14 | Dividend | Interim Dividend - Rs 35/- Per Share |
| 2013-07-12 | Dividend | Annual General Meeting And Dividend Rs 71 Per Equity Share |
| 2012-04-13 | Dividend | Annual General Meeting And Dividend Rs.2/- Per Share |
| 2011-04-15 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2010-03-31 | Other | Agm/Div-Re.1/- Per Share |
| 2009-04-02 | Dividend | Agm/Dividend - 10% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Courier and Express services: Courier and Express services
| Sector | Services |
| Industry | Logistics Solution Provider |
| Sub-industry | Logistics Solution Provider |
| Symbol | BLUEDART |
| BSE code | 526612 |
| ISIN | INE233B01017 |
| Face value | ₹10.0 |
| Incorporated | 1991-04-05 |
| Website | www.bluedart.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.