Blue Dart Express

NSE: BLUEDARTBSE: 526612
Compare with peers
₹ 4,297.00▲ 22.1 (+0.52%)28 Oct, 03:29 pm IST
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.

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.

  • 26 Oct 2026Press ReleaseLow impactPositivePrice +0.2% on 27 Oct
    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.

    Filing
  • 9 Oct 2026Press ReleaseLow impactPositivePrice +0.1% on 12 Oct
    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.

    Filing
  • 6 Oct 2026Press ReleaseLow impactPositivePrice −0.2% on 7 Oct
    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.

    Filing

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
AA+
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
India RatingsIND AA+Stable23 Mar 2026
Credit rating actions
RatingDetails
23 Mar 2026
Reaffirmed
IND AA+—India Ratings₹ 200 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
31 Jul 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
9 May 2026Financial Results/DividendBoard 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 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
28 Oct 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
29 Jul 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025
26 May 2025Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2025 and dividend, if any

Share price

1Y change −22.8%
0 of 3 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,3241,3831,3231,3431,4481,5121,4171,4421,5491,6161,5331,658
Expenses1,1021,1701,0971,1411,2301,2721,2041,2461,2971,3351,3111,396
Operating Profit223213226202218239213196252281222261
OPM %17%15%17%15%15%16%15%14%16%17%14%16%
Other Income524119912121010−331215
Interest202019212121201922242221
Depreciation111111113118121121124121131145140137
Profit before tax98108105728510981661097973119
Tax %25%17%26%26%26%26%32%26%26%14%33%26%
Net Profit738978536381554981684988
EPS in Rs30.7937.4632.7822.5126.4834.1423.2420.5834.328.820.5937.29

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
9%
5 Years
13%
3 Years
6%
TTM
9%
Compounded Profit Growth
10 Years
4%
5 Years
19%
3 Years
−8%
TTM
31%
Stock Price CAGR
10 Years
−1%
5 Years
−2%
3 Years
−8%
TTM
—
Return on Equity
10 Years
24%
5 Years
25%
3 Years
18%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
75%
0 pts in a year
FIIs
3.35%
−2.18 pts in a year
DIIs
14.47%
+1.43 pts in a year
Public
7.17%
+0.73 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 31.3xEPS (12 months) ₹ 136.62Median P/E 46.1x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Blue Dart Express₹ 4,297.00₹ 10,013 Cr.31.3x5.8x17%—
Shadowfax Technologies Ltd₹ 274.30₹ 16,101 Cr.116.2x8.5x0%0%
TCI Express₹ 458.60₹ 1,763 Cr.23.7x2.4x0%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.