Blue Dart Express
- Market cap
- ₹ 10,013 Cr.
- P/E
- 31.3x
- P/B
- 5.76x
- 52-week range
- 4,151 – 7,036
- ROE
- 17%
- ROCE
- 17%
- Dividend yield
- 0.6%
- Debt / equity
- 0.64
- Sector
- Transport Services
- Industry
- Logistics Solution Provider
- Listed on
- NSE, BSE
About
Blue Dart Express Limited is engaged in the business of integrated air and ground transportation and distribution of time-sensitive packages to various destinations, primarily within India. The Company offers various track tools, such as TrackDart, InternetDart, MailDart, MobileDart, ShopTrack, and PackTrack. Its Service Guide includes Domestic Priority, Dart Apex, Dart Surfaceline, Bharat Dart, Smart Box, Express Pallet, Airport-to-Airport, Interline, International Services, and Fuel Surcharge. It accesses an express and logistics network covering over 220 countries and territories, and offers various distribution services including air express, freight forwarding, supply chain solutions, and customs clearance. Its subsidiaries include Concorde Air Logistics Limited and Blue Dart Aviation Limited.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Logistics Solution Provider: 83 companies →Blue Dart Express against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)31.3 against a typical 16.3: pricier than most peers (1st = cheapest).61st of 82
- Sales growth+15% against a typical +15.2% from a year earlier.34th of 65
- Profit growth+79.6% against a typical +4.8% from a year earlier.11th of 51
- Share price, 3 months−15.2% against a typical −6.1%.58th of 75
- Size₹ 10,013.1 Cr. market value against a typical ₹ 127.3 Cr. (1st = largest).4th of 82
Latest announcements
Exchange filings and their impact on the company.
- Blue Dart launches India-to-US B2C parcel service to tap e-commerce exports, a small near-term growth driver.
Blue Dart launched International Parcel Connect on 26 October 2026, a B2C cross-border parcel service starting with shipments from India to the United States. Powered by DHL eCommerce, it offers Standard and Expedited options for 50g to 11kg parcels across apparel, handicrafts, books and other e-commerce categories. The company plans to extend the service to the UK, EU, Canada and Australia to help Indian sellers reach overseas customers.
- Blue Dart ties up with India Post to extend delivery into Tier III/IV towns in a phased rollout.
Blue Dart Express has signed an MoU with India Post to extend delivery reach into Tier III and Tier IV towns and remote locations in a phased manner. Shipments to new locations will be delivered through India Post's network, combining with Blue Dart's express network that already covers over 56,400 locations. The asset-light partnership targets SMEs, e-commerce sellers and enterprises seeking to reach customers in smaller towns, supporting modest volume growth without major new investment.
- Blue Dart signed an exploratory MoU to test parcel movement on the Delhi-Meerut Namo Bharat corridor, with no near-term financial impact.
Blue Dart signed an MoU with NCRTC on October 6, 2026 to explore moving express parcels on the 82 km Delhi-Ghaziabad-Meerut Namo Bharat corridor. The two sides will study operational needs, parcel volumes, station facilities and commercial terms, with no volumes or investment announced. It is an early-stage sustainability and connectivity option with negligible revenue impact over the next 12 months.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by India Ratings- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND AA+ | Stable | 23 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 23 Mar 2026 | Reaffirmed | IND AA+ | — | India Ratings | ₹ 200 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 31 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 9 May 2026 | Financial Results/Dividend | Board Meeting to be held on May 09, 2026, for approval of Audited Financial Results (Standalone & Consolidated) for the quarter and financial year ended March 31, 2026 |
| 30 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 28 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 29 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 26 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend, if any |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,324 | 1,383 | 1,323 | 1,343 | 1,448 | 1,512 | 1,417 | 1,442 | 1,549 | 1,616 | 1,533 | 1,658 |
| Expenses | 1,102 | 1,170 | 1,097 | 1,141 | 1,230 | 1,272 | 1,204 | 1,246 | 1,297 | 1,335 | 1,311 | 1,396 |
| Operating Profit | 223 | 213 | 226 | 202 | 218 | 239 | 213 | 196 | 252 | 281 | 222 | 261 |
| OPM % | 17% | 15% | 17% | 15% | 15% | 16% | 15% | 14% | 16% | 17% | 14% | 16% |
| Other Income | 5 | 24 | 11 | 9 | 9 | 12 | 12 | 10 | 10 | −33 | 12 | 15 |
| Interest | 20 | 20 | 19 | 21 | 21 | 21 | 20 | 19 | 22 | 24 | 22 | 21 |
| Depreciation | 111 | 111 | 113 | 118 | 121 | 121 | 124 | 121 | 131 | 145 | 140 | 137 |
| Profit before tax | 98 | 108 | 105 | 72 | 85 | 109 | 81 | 66 | 109 | 79 | 73 | 119 |
| Tax % | 25% | 17% | 26% | 26% | 26% | 26% | 32% | 26% | 26% | 14% | 33% | 26% |
| Net Profit | 73 | 89 | 78 | 53 | 63 | 81 | 55 | 49 | 81 | 68 | 49 | 88 |
| EPS in Rs | 30.79 | 37.46 | 32.78 | 22.51 | 26.48 | 34.14 | 23.24 | 20.58 | 34.3 | 28.8 | 20.59 | 37.29 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 9%
- 5 Years
- 13%
- 3 Years
- 6%
- TTM
- 9%
- 10 Years
- 4%
- 5 Years
- 19%
- 3 Years
- −8%
- TTM
- 31%
- 10 Years
- −1%
- 5 Years
- −2%
- 3 Years
- −8%
- TTM
- —
- 10 Years
- 24%
- 5 Years
- 25%
- 3 Years
- 18%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Blue Dart Express | ₹ 4,297.00 | ₹ 10,013 Cr. | 31.3x | 5.8x | 17% | — |
| Shadowfax Technologies Ltd | ₹ 274.30 | ₹ 16,101 Cr. | 116.2x | 8.5x | 0% | 0% |
| TCI Express | ₹ 458.60 | ₹ 1,763 Cr. | 23.7x | 2.4x | 0% | 0% |
| MFL India | ₹ 0.38 | ₹ 14 Cr. | 11.8x | — | 0% | 0% |
Management
- Sagar Patil
- Chief Financial Officer
- Beena Mathen Jacob
- Chief Human Resources Officer
- Manoj Madhavan
- Chief Information Officer
- Tushar Jayant Gunderia
- Head - Legal and Compliance, Company Secretary
- Balfour Manuel
- Managing Director, Executive Director
- Dipanjan Banerjee
- Chief Commercial Officer
- Subrata Biswas
- Regional Head - East
- Vikram Mansukhani
- National Operations Head
Prices are delayed and for information only. Nothing on this page is investment advice.