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5266

Blue Dart Express BSE:526612 Stock Report

Last Price

₹8.60k

Market Cap

₹204.1b

7D

-3.4%

1Y

48.5%

Updated

16 Aug, 2022

Data

Company Financials +
526612 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance5/6
Financial Health3/6
Dividends4/6

526612 Stock Overview

Blue Dart Express Limited provides courier and express services.

Blue Dart Express Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Blue Dart Express
Historical stock prices
Current Share Price₹8,599.65
52 Week High₹9,171.90
52 Week Low₹5,428.45
Beta0.49
1 Month Change5.22%
3 Month Change19.76%
1 Year Change48.52%
3 Year Change278.28%
5 Year Change110.45%
Change since IPO15,899.35%

Recent News & Updates

Shareholder Returns

526612IN LogisticsIN Market
7D-3.4%-6.2%0.8%
1Y48.5%43.2%8.3%

Return vs Industry: 526612 exceeded the Indian Logistics industry which returned 43.2% over the past year.

Return vs Market: 526612 exceeded the Indian Market which returned 8.3% over the past year.

Price Volatility

Is 526612's price volatile compared to industry and market?
526612 volatility
526612 Average Weekly Movement4.2%
Logistics Industry Average Movement5.6%
Market Average Movement6.4%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market4.1%

Stable Share Price: 526612 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 526612's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198312,288Balfour Manuelhttps://www.bluedart.com

Blue Dart Express Limited provides courier and express services. It provides day-definite and time-definite delivery schedules across air and ground network under the Domestic Priority, Dart Apex, Dart Surfaceline, and Dart Plus names; door-to-door ground distribution service to approximately 35,000 locations for shipments weighing 10 kgs and above under the Dart Surfaceline name; and industry-specific services. The company also offers air freight services between the airports of Kolkata, Delhi, Mumbai, Bangalore, Chennai, Hyderabad, and Ahmedabad; air and ground express packaging services under the Smart Box name; wood-free palletized packaging; shipment for freight of 50kg, 75kg, or above 100kg; door-to-door express deliveries for documents and packages; international services; and temperature controlled logistics solutions, as well as operates domestic express airline charter.

Blue Dart Express Fundamentals Summary

How do Blue Dart Express's earnings and revenue compare to its market cap?
526612 fundamental statistics
Market Cap₹204.05b
Earnings (TTM)₹4.70b
Revenue (TTM)₹48.40b

43.4x

P/E Ratio

4.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
526612 income statement (TTM)
Revenue₹48.40b
Cost of Revenue₹34.25b
Gross Profit₹14.15b
Other Expenses₹9.45b
Earnings₹4.70b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 28, 2022

Earnings per share (EPS)197.96
Gross Margin29.24%
Net Profit Margin9.71%
Debt/Equity Ratio122.4%

How did 526612 perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

30%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 526612 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 526612?

Other financial metrics that can be useful for relative valuation.

526612 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.4x
Enterprise Value/EBITDA24.3x
PEG Ratio19.3x

Price to Earnings Ratio vs Peers

How does 526612's PE Ratio compare to its peers?

526612 PE Ratio vs Peers
The above table shows the PE ratio for 526612 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average36.4x
532749 Allcargo Logistics
6.9x-17.3%₹73.5b
532349 Transport Corporation of India
18.7x11.7%₹59.9b
TCIEXP TCI Express
46.5xn/a₹63.3b
540768 Mahindra Logistics
73.4x43.1%₹34.7b
526612 Blue Dart Express
43.4x2.2%₹204.1b

Price-To-Earnings vs Peers: 526612 is expensive based on its Price-To-Earnings Ratio (43.4x) compared to the peer average (36.4x).


Price to Earnings Ratio vs Industry

How does 526612's PE Ratio compare vs other companies in the IN Logistics Industry?

Price-To-Earnings vs Industry: 526612 is expensive based on its Price-To-Earnings Ratio (43.4x) compared to the Indian Logistics industry average (21.5x)


Price to Earnings Ratio vs Fair Ratio

What is 526612's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

526612 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.4x
Fair PE Ratio20.8x

Price-To-Earnings vs Fair Ratio: 526612 is expensive based on its Price-To-Earnings Ratio (43.4x) compared to the estimated Fair Price-To-Earnings Ratio (20.8x).


Share Price vs Fair Value

What is the Fair Price of 526612 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 526612 (₹8599.65) is trading above our estimate of fair value (₹5307.84)

Significantly Below Fair Value: 526612 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is lower than the current share price.


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Future Growth

How is Blue Dart Express forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 526612's forecast earnings growth (2.2% per year) is below the savings rate (6.8%).

Earnings vs Market: 526612's earnings (2.2% per year) are forecast to grow slower than the Indian market (18.5% per year).

High Growth Earnings: 526612's earnings are forecast to grow, but not significantly.

Revenue vs Market: 526612's revenue (10.3% per year) is forecast to grow slower than the Indian market (10.5% per year).

High Growth Revenue: 526612's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 526612's Return on Equity is forecast to be high in 3 years time (26.5%)


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Past Performance

How has Blue Dart Express performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


51.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 526612 has high quality earnings.

Growing Profit Margin: 526612's current net profit margins (9.7%) are higher than last year (6.9%).


Past Earnings Growth Analysis

Earnings Trend: 526612's earnings have grown significantly by 51.9% per year over the past 5 years.

Accelerating Growth: 526612's earnings growth over the past year (81.4%) exceeds its 5-year average (51.9% per year).

Earnings vs Industry: 526612 earnings growth over the past year (81.4%) underperformed the Logistics industry 81.4%.


Return on Equity

High ROE: 526612's Return on Equity (53.9%) is considered outstanding.


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Financial Health

How is Blue Dart Express's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 526612's short term assets (₹10.8B) do not cover its short term liabilities (₹12.7B).

Long Term Liabilities: 526612's short term assets (₹10.8B) exceed its long term liabilities (₹6.8B).


Debt to Equity History and Analysis

Debt Level: 526612's net debt to equity ratio (77.2%) is considered high.

Reducing Debt: 526612's debt to equity ratio has increased from 103.5% to 122.4% over the past 5 years.

Debt Coverage: 526612's debt is well covered by operating cash flow (80.6%).

Interest Coverage: 526612's interest payments on its debt are well covered by EBIT (10.6x coverage).


Balance Sheet


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Dividend

What is Blue Dart Express's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.81%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 526612's dividend (0.81%) is higher than the bottom 25% of dividend payers in the Indian market (0.39%).

High Dividend: 526612's dividend (0.81%) is low compared to the top 25% of dividend payers in the Indian market (1.7%).


Stability and Growth of Payments

Stable Dividend: 526612's dividend payments have been volatile in the past 10 years.

Growing Dividend: 526612's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (30.3%), 526612's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (24.2%), 526612's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average board tenure


CEO

Balfour Manuel

3.58yrs

Tenure

₹53,400,000

Compensation

Mr. Balfour Manuel has been Managing Director at Blue Dart Express Limited since May 16, 2019 and served as its Chief Executive Officer since January 23, 2019. Mr. Manuel serves as Executive Director of Bl...


CEO Compensation Analysis

Compensation vs Market: Balfour's total compensation ($USD671.68K) is about average for companies of similar size in the Indian market ($USD658.74K).

Compensation vs Earnings: Balfour's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: 526612's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Blue Dart Express Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Blue Dart Express Limited
  • Ticker: 526612
  • Exchange: BSE
  • Founded: 1983
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Implied Market Cap: ₹204.052b
  • Shares outstanding: 23.73m
  • Website: https://www.bluedart.com

Number of Employees


Location

  • Blue Dart Express Limited
  • Blue Dart Centre
  • Sahar Airport Road
  • Mumbai
  • Maharashtra
  • 400099
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.