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O 6344.45

H 6344.45

L 6344.45

VOL 29

Blue Dart Express Performance

Days Range

Low: ₹6,315.00
High: ₹6,370.00
Previous Close ₹6,340.80
Open ₹6,344.45
Volume 6,136
Day’s Range ₹6,315.00 - ₹6,370.00
52W Range ₹5,631.75 - ₹7,644.55
Market Cap ₹15,038 Cr

Fundamentals of Blue Dart Express

ROCE (TTM) 20.24%
P/E Ratio (TTM) 51.39
P/B Ratio 12.36
Industry P/E 40.75
Debt to Equity 0.9
ROE 24.04%
EPS (TTM) 123.33
Dividend Yield 0.47%
Book Value 513
Face Value 10

Financials of Blue Dart Express

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales1,216.551,237.551,324.481,382.93
Expenses1,113.671,145.881,212.311,280.09
Profit before tax96.6382.3897.86107.52
Operating Profit69.4461.2873.0688.89
Net Profit69.4461.2873.0688.89
EPS in Rs29.2725.8330.7937.46

About Blue Dart Express

Blue Dart Express Limited is engaged in the transportation and door-to-door distribution of time-sensitive shipments through an integrated ground and air transportation network. It is known as one of South Asia’s leading courier and integrated air express package distribution companies. The company was incorporated as Blue Dart Courier Services in 1983. It became the first carrier in India to provide domestic and international on-board couriers in 1984

In 1991, the company was registered as Blue Dart Express Private Limited and introduced its economical logistics service option, Dart Surfaceline. The year 1994 saw numerous fruitful events for the company, which included a listing of the company’s shares on stock exchanges after an IPO of worth ₹382.5 million.

During the same year, the company launched Dart Apex (Domestic Air Package Express), a multi-modal, premium package delivery service and Cosmat-IITM. This advanced system includes track and trace. In addition, it became the first private company to receive government permission to operate cargo aircraft in India.

In 2000, the company revamped its website to support e-trade and commerce and facilitate better customer interface on the net. It acquired its 4th Boeing 737 freighter in 2003. During the same year, the company established 12 of its own offices in the South, added an additional 198 locations to its delivery network, expanded its hub at Bhiwandi and set up a bonded warehouse in Mumbai.

In 2005, DHL Express (Singapore) Pte. Ltd. acquired 81.03% of the equity capital of Blue Dart Express Limited. Since then, Blue Dart continued to operate as an independent brand, providing a complete spectrum of domestic and international express services through synergies with DHL. In 2010, the company reached a new benchmark in quality service with an ISO 9001-2015 standards certification. In 2015, the company acquired a 21% stake in Blue Dart Aviation and launched India’s 1st Parcel Locker in Gurgaon.

The company operated its fleet of B757-200 freighters to Guangzhou, Shanghai, Myanmar, Hong Kong and Bangladesh to provide medical and related supplies in 2020. In 2021, it supported the Government in the delivery of Vaccines against COVID-19.

Subsidiaries

As of March 31, 2023, the company had the following subsidiaries:

  • Concorde Air Logistics Ltd: It is a wholly owned subsidiary engaged in the transport, storage, and communications business.
  • Blue Dart Aviation Ltd: It is a wholly-owned subsidiary incorporated in May 1994. It is a cargo airline based in Chennai, which serves 7 Indian metro cities with its main base at Chennai International Airport.

Business Segments

The company operates only one business segment i.e. integrated air and ground transportation and distribution. It provides services all kinds of air and ground courier services. The company provides numerous technology-based business offerings, which include MobileDart, InternetDart, Shop Track, Pack Track, ShipDart, ImageDart, etc.

Key Personnel

Balfour Manuel, Managing Director & Chief Executive Officer

Balfour Manuel has been Managing Director of the company since May 16, 2019. He has been instrumental in the success of Blue Dart from the very beginning of the company’s inception. Before joining as Managing Director and Chief Executive Officer of the company, he was a long-time employee of the company.

Corporate Action

The company has no history of bonus issues, stock splits, or other corporate actions.

Parent Organisation MNC Associate
Founded 1991
Managing Director Sharad upasani
NSE Symbol BLUEDART

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Gateway Distriparks Ltd ₹5,553.54

108.6

2.40 (-2.16%)

108.1 - 115.4
Rajasthan Petro Synthetics Ltd ₹4.21

2

0.00 (0.00)

2 - 2.45
DJ Mediaprint & Logistics Ltd ₹159.82

147.4

1.80 (-1.21%)

147.2 - 150.9
JITF Infra Logistics Ltd ₹1,434.91

551

7.75 (-1.39%)

542 - 560
Marinetrans India Ltd ₹48.36

38

0.00 (0.00)

35 - 38

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FAQs

What is the Share price of Blue Dart Express (BLUEDART)?

Blue Dart Express (BLUEDART) share price as of February 21, 2024, on NSE is Rs 6,349.70 (NSE) and Rs 6,355.95 (BSE) on BSE.

Can I buy Blue Dart Express (BLUEDART) shares?

Yes, You can buy Blue Dart Express (BLUEDART) shares by opening a Demat account with Angel One.

How do I buy Blue Dart Express (BLUEDART) from Angel One?

Blue Dart Express (BLUEDART) share can be brought through the following modes:
  1. Direct investment: You can buy Blue Dart Express (BLUEDART) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Blue Dart Express (BLUEDART) shares.

Is Blue Dart Express a Debt free Company?

No, Blue Dart Express is not a debt free company.

What is the main business of Blue Dart Express?

The main business of Blue Dart Express is to provide courier delivery services across 220 territories and countries.

Who are the promoters of Blue Dart Express?

The sole promoter of Blue Dart Express is DHL Express (Singapore) Pte Ltd with 75% shareholding.

What are the Subsidiaries that comes under Blue Dart Express?

The two wholly-owned subsidiaries that come under Blue Dart Express are Concorde Air Logistics Limited and Blue Dart Aviation Limited.