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BLUE

Blue Dart Express NSEI:BLUEDART Stock Report

Last Price

₹7.30k

Market Cap

₹173.2b

7D

12.3%

1Y

27.4%

Updated

27 Jun, 2022

Data

Company Financials +
BLUEDART fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance6/6
Financial Health5/6
Dividends4/6

BLUEDART 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₹7,301.55
52 Week High₹7,814.55
52 Week Low₹5,306.50
Beta0.47
1 Month Change-1.37%
3 Month Change9.14%
1 Year Change27.35%
3 Year Change173.79%
5 Year Change50.96%
Change since IPO9,609.51%

Recent News & Updates

Jun 09
Blue Dart Express (NSE:BLUEDART) Has A Rock Solid Balance Sheet

Blue Dart Express (NSE:BLUEDART) Has A Rock Solid Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

May 21
Why The 39% Return On Capital At Blue Dart Express (NSE:BLUEDART) Should Have Your Attention

Why The 39% Return On Capital At Blue Dart Express (NSE:BLUEDART) Should Have Your Attention

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Shareholder Returns

BLUEDARTIN LogisticsIN Market
7D12.3%6.8%4.1%
1Y27.4%37.9%-0.02%

Return vs Industry: BLUEDART underperformed the Indian Logistics industry which returned 35.4% over the past year.

Return vs Market: BLUEDART exceeded the Indian Market which returned -0.9% over the past year.

Price Volatility

Is BLUEDART's price volatile compared to industry and market?
BLUEDART volatility
BLUEDART Average Weekly Movement4.5%
Logistics Industry Average Movement7.0%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

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

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

About the Company

FoundedEmployeesCEOWebsite
198312,095Balfour 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 name; 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 above 100kgs, 75kgs,and 50kgs; 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?
BLUEDART fundamental statistics
Market Cap₹173.19b
Earnings (TTM)₹3.82b
Revenue (TTM)₹44.10b

45.3x

P/E Ratio

3.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BLUEDART income statement (TTM)
Revenue₹44.10b
Cost of Revenue₹30.47b
Gross Profit₹13.64b
Other Expenses₹9.81b
Earnings₹3.82b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)161.08
Gross Margin30.92%
Net Profit Margin8.67%
Debt/Equity Ratio22.9%

How did BLUEDART perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

37%

Payout Ratio

Does BLUEDART pay a reliable dividends?

See BLUEDART dividend history and benchmarks
When do you need to buy BLUEDART by to receive an upcoming dividend?
Blue Dart Express dividend dates
Ex Dividend DateJul 18 2022
Dividend Pay DateAug 26 2022
Days until Ex dividend20 days
Days until Dividend pay date59 days

Does BLUEDART pay a reliable dividends?

See BLUEDART dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is BLUEDART 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

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BLUEDART 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/Revenue4.1x
Enterprise Value/EBITDA18x
PEG Ratio6.4x

Price to Earnings Ratio vs Peers

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

BLUEDART PE Ratio vs Peers
The above table shows the PE ratio for BLUEDART vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.2x
TCIEXP TCI Express
48.6xn/a₹62.7b
532349 Transport Corporation of India
17.8x15.1%₹51.4b
532749 Allcargo Logistics
7.5x-19.1%₹69.2b
GATEWAY Gateway Distriparks
15.1x17.8%₹33.8b
BLUEDART Blue Dart Express
45.3x7.0%₹173.2b

Price-To-Earnings vs Peers: BLUEDART is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the peer average (22.2x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: BLUEDART is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the Indian Logistics industry average (19x)


Price to Earnings Ratio vs Fair Ratio

What is BLUEDART'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.

BLUEDART PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.3x
Fair PE Ratio22.9x

Price-To-Earnings vs Fair Ratio: BLUEDART is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the estimated Fair Price-To-Earnings Ratio (22.9x).


Share Price vs Fair Value

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

Below Fair Value: BLUEDART (₹7301.55) is trading above our estimate of fair value (₹4582.05)

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


Price to Earnings Growth Ratio

PEG Ratio: BLUEDART is poor value based on its PEG Ratio (6.4x)


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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 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLUEDART's forecast earnings growth (7% per year) is above the savings rate (6.7%).

Earnings vs Market: BLUEDART's earnings (7% per year) are forecast to grow slower than the Indian market (17.4% per year).

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

Revenue vs Market: BLUEDART's revenue (9% per year) is forecast to grow slower than the Indian market (11.5% per year).

High Growth Revenue: BLUEDART's revenue (9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BLUEDART's Return on Equity is forecast to be high in 3 years time (26.4%)


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Past Performance

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

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


25.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BLUEDART has high quality earnings.

Growing Profit Margin: BLUEDART's current net profit margins (8.7%) are higher than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: BLUEDART's earnings have grown significantly by 25.6% per year over the past 5 years.

Accelerating Growth: BLUEDART's earnings growth over the past year (275.4%) exceeds its 5-year average (25.6% per year).

Earnings vs Industry: BLUEDART earnings growth over the past year (275.4%) exceeded the Logistics industry 106.2%.


Return on Equity

High ROE: BLUEDART's Return on Equity (43.8%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is Blue Dart Express's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

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

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


Debt to Equity History and Analysis

Debt Level: BLUEDART has more cash than its total debt.

Reducing Debt: BLUEDART's debt to equity ratio has reduced from 113.8% to 22.9% over the past 5 years.

Debt Coverage: BLUEDART's debt is well covered by operating cash flow (429.9%).

Interest Coverage: BLUEDART's interest payments on its debt are well covered by EBIT (6.9x 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

  • Future Dividend Coverage


0.96%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 28 2022Ex Dividend DateJul 18 2022Dividend Pay DateAug 26 202239 days from Ex DividendBuy in the next 20 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: BLUEDART's dividend (0.96%) is higher than the bottom 25% of dividend payers in the Indian market (0.43%).

High Dividend: BLUEDART's dividend (0.96%) is low compared to the top 25% of dividend payers in the Indian market (1.89%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (37.2%), BLUEDART's dividend payments are well covered by earnings.


Cash Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

3.3yrs

Average board tenure


CEO

Balfour Manuel

3.42yrs

Tenure

₹40,500,000

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 ($USD517.44K) is about average for companies of similar size in the Indian market ($USD460.75K).

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


Board Members

Experienced Board: BLUEDART's board of directors are considered experienced (3.3 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: BLUEDART
  • Exchange: NSEI
  • Founded: 1983
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Implied Market Cap: ₹173.194b
  • 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 Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
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.