BLUEDART

Blue Dart Express Limited

Express logistics services for documents, parcels and e-commerce shipments

Services›Services›Transport Services›Logistics Solution Provider

bluedart.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹4390.90
Market cap
10,420 Cr
Stock P/E
36.3
P/B
5.86
Dividend yield
0.6%
ROE (FY26)
13.9%
ROCE (FY26)
20.9%
Operating margin (FY26)
6.7%
Debt / equity (FY26)
0.11
OCF / EBITDA (FY26)
85.2%
OCF / EBITDA (3Y)
89.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Blue Dart (Blue Dart Express) is an express logistics company that moves time-definite parcels and documents for businesses and e-commerce shippers across India, using its own aircraft and a road network, and it calls itself a premium market leader.

Company snapshot

4thBy market cap

Ranked among 34 companies in Logistics Solution Provider.

What we see

Positives
  • ✓89% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,324 Cr1,383 Cr1,323 Cr1,343 Cr1,448 Cr1,512 Cr1,417 Cr1,442 Cr1,549 Cr1,616 Cr1,533 Cr1,658 Cr
Operating expenses (approx.)1,102 Cr1,170 Cr1,097 Cr1,141 Cr1,230 Cr1,272 Cr1,204 Cr1,246 Cr1,297 Cr1,335 Cr1,311 Cr1,397 Cr
EBITDA223 Cr213 Cr226 Cr202 Cr218 Cr239 Cr213 Cr196 Cr252 Cr281 Cr222 Cr261 Cr
OPM %16.8%15.4%17.1%15.1%15.1%15.8%15.0%13.6%16.3%17.4%14.5%15.8%
Other income5 Cr24 Cr11 Cr9 Cr9 Cr12 Cr12 Cr10 Cr10 Cr10 Cr12 Cr15 Cr
Interest20 Cr20 Cr19 Cr21 Cr21 Cr21 Cr20 Cr19 Cr22 Cr24 Cr22 Cr21 Cr
Depreciation111 Cr111 Cr113 Cr118 Cr121 Cr121 Cr124 Cr121 Cr131 Cr145 Cr140 Cr137 Cr
Profit before tax98 Cr108 Cr105 Cr72 Cr85 Cr109 Cr81 Cr66 Cr109 Cr79 Cr73 Cr119 Cr
Tax %25.3%17.3%25.9%25.8%26.0%25.9%31.9%25.9%25.5%13.5%32.6%25.7%
Net profit73 Cr89 Cr78 Cr53 Cr63 Cr81 Cr55 Cr49 Cr81 Cr68 Cr49 Cr88 Cr
EPS (₹)₹30.79₹37.46₹32.78₹22.51₹26.49₹34.14₹23.24₹20.58₹34.30₹28.79₹20.59₹37.29

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,690 Cr2,799 Cr3,174 Cr3,175 Cr3,288 Cr4,410 Cr5,172 Cr5,268 Cr5,720 Cr6,141 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,348 Cr2,448 Cr2,889 Cr2,701 Cr2,602 Cr3,411 Cr4,235 Cr4,415 Cr4,848 Cr5,190 CrSign in free for the trailing twelve months
EBITDA342 Cr351 Cr285 Cr474 Cr686 Cr1,000 Cr937 Cr853 Cr873 Cr951 CrSign in free for the trailing twelve months
OPM %12.7%12.5%9.0%14.9%20.9%22.7%18.1%16.2%15.3%15.5%Sign in free for the trailing twelve months
Other income26 Cr21 Cr19 Cr16 Cr20 Cr31 Cr32 Cr51 Cr42 Cr42 CrSign in free for the trailing twelve months
Interest45 Cr41 Cr43 Cr117 Cr111 Cr87 Cr67 Cr78 Cr82 Cr86 CrSign in free for the trailing twelve months
Depreciation104 Cr114 Cr128 Cr347 Cr430 Cr395 Cr394 Cr433 Cr485 Cr536 CrSign in free for the trailing twelve months
Profit before tax219 Cr217 Cr134 Cr-39 Cr140 Cr512 Cr508 Cr393 Cr347 Cr327 CrSign in free for the trailing twelve months
Tax %36.2%33.3%33.1%-7.0%27.2%25.4%27.1%23.3%27.3%24.3%Sign in free for the trailing twelve months
Net profit140 Cr145 Cr90 Cr-42 Cr102 Cr382 Cr371 Cr301 Cr252 Cr247 CrSign in free for the trailing twelve months
EPS (₹)₹58.94₹60.99₹37.83₹-17.64₹42.91₹161.08₹156.16₹126.86₹106.38₹104.26Sign in free for the trailing twelve months
Dividend payout %————0.0%24.8%22.4%23.6%23.5%24.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital24 Cr24 Cr24 Cr24 Cr24 Cr24 Cr24 Cr24 Cr24 Cr24 Cr
Reserves406 Cr508 Cr554 Cr467 Cr568 Cr848 Cr1,156 Cr1,344 Cr1,535 Cr1,753 Cr
Borrowings483 Cr406 Cr496 Cr410 Cr245 Cr200 Cr250 Cr255 Cr200 Cr200 Cr
Other liabilities486 Cr565 Cr737 Cr1,740 Cr2,060 Cr1,757 Cr1,793 Cr1,839 Cr1,904 Cr2,150 Cr
Total liabilities1,399 Cr1,503 Cr1,811 Cr2,641 Cr2,897 Cr2,829 Cr3,223 Cr3,461 Cr3,663 Cr4,127 Cr
Fixed assets (net)410 Cr465 Cr589 Cr1,568 Cr1,507 Cr1,374 Cr1,388 Cr1,753 Cr1,756 Cr1,995 Cr
CWIP36 Cr59 Cr53 Cr16 Cr4 Cr51 Cr415 Cr73 Cr77 Cr27 Cr
Investments——0 Cr0 Cr150 Cr207 Cr171 Cr307 Cr386 Cr413 Cr
Loans & advances——0.93 Cr0.79 Cr0.03 Cr0.05 Cr0.43 Cr0.23 Cr0.86 Cr0.06 Cr
Inventories25 Cr21 Cr26 Cr27 Cr32 Cr35 Cr39 Cr52 Cr52 Cr56 Cr
Trade receivables361 Cr422 Cr491 Cr528 Cr518 Cr580 Cr637 Cr670 Cr786 Cr918 Cr
Cash & bank256 Cr226 Cr266 Cr98 Cr84 Cr183 Cr94 Cr165 Cr166 Cr238 Cr
Other assets311 Cr309 Cr386 Cr403 Cr603 Cr399 Cr479 Cr440 Cr439 Cr480 Cr
Total assets1,399 Cr1,503 Cr1,811 Cr2,641 Cr2,897 Cr2,829 Cr3,223 Cr3,461 Cr3,663 Cr4,127 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity225 Cr317 Cr243 Cr364 Cr750 Cr860 Cr717 Cr847 Cr735 Cr810 Cr
Cash from investing-228 Cr-190 Cr-280 Cr-193 Cr-529 Cr11 Cr-514 Cr-375 Cr-300 Cr-315 Cr
Cash from financing-33 Cr-152 Cr79 Cr-340 Cr-235 Cr-772 Cr-291 Cr-401 Cr-434 Cr-424 Cr
Net cash flow-36 Cr-25 Cr42 Cr-169 Cr-14 Cr99 Cr-89 Cr71 Cr2 Cr72 Cr
Free cash flow (OCF − Capex)56 Cr117 Cr-44 Cr165 Cr590 Cr860 Cr145 Cr579 Cr481 Cr496 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %28.9%27.5%16.5%8.7%30.0%55.9%40.2%29.0%24.4%20.9%
ROE %32.6%27.2%15.5%-8.5%17.2%43.8%31.4%22.0%16.2%13.9%
Debtor days49555661574845465054
Inventory days3556765666
Days payable379189881189371737477
Cash conversion cycle15-31-28-22-53-39-22-20-19-17
OCF / EBITDA %65.8%90.2%85.2%76.8%109.3%86.0%76.5%99.3%84.2%85.2%
OCF / EBITDA % (3 years)——80.2%83.2%93.9%91.4%88.7%86.9%86.3%89.4%
Debt / equity1.120.760.860.840.410.230.210.190.130.11
Current ratio1.201.151.170.880.900.911.030.911.191.10
Net debt / EBITDA0.67—0.810.660.240.020.170.110.04-0.04