Blue Dart Express Limited

BSE:526612 Stock Report

Market Cap: ₹135.9b

Blue Dart Express Management

Management criteria checks 3/4

Blue Dart Express' CEO is Balfour Manuel, appointed in Jan 2019, has a tenure of 6.67 years. directly owns 0.003% of the company’s shares, worth ₹4.58M. The average tenure of the management team and the board of directors is 0.9 years and 3.9 years respectively.

Key information

Balfour Manuel

Chief executive officer

₹45.2m

Total compensation

CEO salary percentagen/a
CEO tenure6.7yrs
CEO ownership0.003%
Management average tenureless than a year
Board average tenure3.9yrs

Recent management updates

Recent updates

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E-commerce Expansion With Dart Plus Will Drive Future Logistics Performance

Investment in infrastructure and capacity, coupled with Dart Plus, is likely to boost B2B and B2C growth and profitability over time.

CEO Compensation Analysis

How has Balfour Manuel's remuneration changed compared to Blue Dart Express's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

₹2b

Mar 31 2025₹45mn/a

₹3b

Dec 31 2024n/an/a

₹3b

Sep 30 2024n/an/a

₹3b

Jun 30 2024n/an/a

₹3b

Mar 31 2024₹50mn/a

₹3b

Dec 31 2023n/an/a

₹3b

Sep 30 2023n/an/a

₹3b

Jun 30 2023n/an/a

₹3b

Mar 31 2023₹55mn/a

₹4b

Dec 31 2022n/an/a

₹4b

Sep 30 2022n/an/a

₹5b

Jun 30 2022n/an/a

₹5b

Mar 31 2022₹53mn/a

₹4b

Dec 31 2021n/an/a

₹3b

Sep 30 2021n/an/a

₹3b

Jun 30 2021n/an/a

₹3b

Mar 31 2021₹41mn/a

₹1b

Dec 31 2020n/an/a

-₹188m

Sep 30 2020n/an/a

-₹1b

Jun 30 2020n/an/a

-₹2b

Mar 31 2020₹18m₹16m

-₹419m

Dec 31 2019n/an/a

₹9m

Sep 30 2019n/an/a

₹649m

Jun 30 2019n/an/a

₹728m

Mar 31 2019₹11m₹10m

₹898m

Compensation vs Market: Balfour's total compensation ($USD512.75K) is about average for companies of similar size in the Indian market ($USD550.96K).

Compensation vs Earnings: Balfour's compensation has been consistent with company performance over the past year.

CEO

Balfour Manuel (64 yo)

6.7yrs
Tenure
₹45,200,000
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...

Leadership Team

NamePositionTenureCompensationOwnership
Balfour Manuel
MD & Executive Director6.7yrs₹45.20m0.0034%
₹ 4.6m
Tushar Gunderia
Company Secretary and Head of Legal & Complianceno data₹15.80m0%
₹ 0
Sagar Patil
CFO & Head of Corporate Accountsless than a yearno datano data
Vikram Mansukhani
National Operations Headno datano data0%
₹ 0
Manoj Madhavan
Chief Information Officerno datano datano data
Beena Jacob
Chief Human Resources Officerless than a yearno datano data
Sandeep Petkar
Regional Head of Southno datano datano data
Subrata Biswas
Regional Head of Eastno datano datano data
Nitin Varkey
Chief of Staffno datano datano data
Sonia Nair
VP & Head of Customer Serviceno datano datano data
Savio Mendonca
Head of Internal Audit & Risk Managementno datano datano data
Prasanna Salvi
Head of Vaccine Task Forceno datano datano data
0.9yrs
Average Tenure

Experienced Management: 526612's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Balfour Manuel
MD & Executive Directorno data₹45.20m0.0034%
₹ 4.6m
Prakash Apte
Independent Non-Executive Chairman3.2yrs₹5.23mno data
R. Subramanian
Non-Independent & Non-Executive Director6.5yrsno datano data
Kavita Nair
Women Independent & Non-Executive Director6.5yrs₹4.50mno data
Florian Bumberger
Non Independent & Non-Executive Director4.6yrsno datano data
Sebastian Paessens
Additional Non-Executive Directorless than a yearno datano data
Vandana Aggarwal
Women Independent & Non-Executive Director1.2yrs₹1.23mno data
3.9yrs
Average Tenure
59yo
Average Age

Experienced Board: 526612's board of directors are considered experienced (3.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/09 22:20
End of Day Share Price 2025/09/09 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Blue Dart Express Limited is covered by 22 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ashwin MehtaAmbit Capital
Nitin BhasinAmbit Capital
Dhruv JainAmbit Capital